This has actually contribut上海龙凤1314o maintaining the

g the order of the international financial community,” Liu said.

Zhang Xiaohui, a senior researcher for the CF40 and a former assistant governor of the Chinese central bank, said, “The IMF concl上海龙凤1314

usion is objective and reflects that the yuan was assessed to be broadly in line with medium-term fundamentals.”

上海龙凤1314品茶微信Besides refraining from competitively depreciating its own currency, China has also b

een committed to promoting international currency policy coordination, said Zhu, the bank official.

President Xi Jinping announced at the Second Belt and Road Forum for International Cooperation in Beijing in April tha上海龙凤1314

t China will more effectively engage in international macro-economic policy coordination, including more improve

ments to the exchange rate regime, to ensure that the market plays a decisive role in resource allocation.

According to the IMF news release on Friday, its executive directors agreed that grea

上海龙凤1314品茶微信ter exchange rate flexibility and deeper and better-functioning foreign exchange

markets would help China’s financial system be more capable of dealing with capital flow volatility.

Chen Yuan, chairman of the CF40 Executive Council and former上海龙凤1314

vice-chairman of the Chinese People’s Political Consultative Conference, ca

utioned that China needs to prepare for long-term disputes, including in the field of finance.

Chen suggested increasing yuan-denominated settlements in global comm上海龙凤1314品茶微信

odity trade and accelerating the internationalization of the yuan to reduce reliance on the dollar.

Zhou Xiaochuan, chairman of the China Institute of Finance and a former c

上海龙凤1314entral bank governor, said at the CF40 forum over the weekend that China may have to take

countermeasures in the face of any tariff or nontariff barriers imposed against the country.

It was not manipulation but market forces that pushed the recent depreciation of the yuan against the gree上海龙凤1314品茶微信

nback, said Phil Levy, chief economist at Flexport, a San Francisco-based logistics company.

“It is difficult to argue that a failure to intervene against those market forces constitutes currency manipulation,” he said.

hebeishengxin.cn

After more than years 上海龙凤1314ng-up, now is the time

for local governments, particularly those that are eager to interact wit

上海龙凤1314女神会所h the outside world, to improve their ability to communicate with foreign parties, and m

inimize the influence of linguistic and cultural differences on mutual understanding.

When trade frictions among major economies escalated and talks were suspended, th上海龙凤1314女神会所

e G20 played a significant role in mitigating trade tensions, facilitating dialogue and safeguarding the m

上海龙凤1314ultilateral economic governance mechanism. And since economies still face difficulties in settling trade disputes, th

e G20 should continue to help them negotiate and reach acceptable agreements.

There is no doubt that unilateralism and trade protectionism pose a threat to economic globa上海龙凤1314女神会所

lization and intensify the global governance deficit. In particular, the US’ punitive tariffs on imports, e

specially from China, has intensified the trade conflicts and hurt the world economy-so much so that the Interna

上海龙凤1314tional Monetary Fund has warned that global GDP growth will decline by 0.5 percent if the trade frictions continue till 2020.

China has advocated that the World Trade Organization be reformed and the global economic order

maintained based on the principle of multilateralism so that trade disputes can be settled according to WTO rules.上海龙凤1314女神会所

But the economies disagree with some of the existing WTO rules and the system of governance. De

spite that, they are yet to find ways to improve them. Also, the economies don’t have any agreement on how

上海龙凤1314女神会所to govern emerging industries such as e-commerce and deal with behaviors harmful to the market. Which means there

is a need to strengthen the global economic governance system by modernizing rules, especially those of the WTO.

Besides, the major economies need to coordinate their policies to provide more public goods a

nd work together to improve global economic governance. Only if major economies cooperate can they produ上海龙凤1314

ce more public goods and strengthen economic governance. Therefore, to sustain global g上海龙凤1314女神会所

rowth and strengthen economic governance, major powers need to synergize their trade policies.

zsdbv.cn

cteristics of mu上海龙凤1314品茶微信ons with the chara

In addition to th上海龙凤1314品茶微信e exhibition, inheritors of intangible cultural heritages for

上海龙凤1314m Guizhou demonstrated the production process of the traditional handicrafts. Visitors can enjo

y Guizhou’s liquor and tea while admiring the intangible cultural heritage performances.

上海龙凤1314品茶微信hinese restaurant Summer Palace at China World Hotel began serving the Peking roast du

ck last week under the guidance of Chef Yuan Chaoying, a culinary expert specializing in Beijing cuisi

ne. The chef is bringing the golden-brown, mouthwatering dish for customers throughout the summer.

“From the Forbidden City to the Temple of Heaven, Beijing has plenty of incredibl上海龙凤1314品茶微信

e sights. But one of the city’s greatest attractions, Peking duck, is actually made in the kitchen,” said Ste

phan Kapek, general manager of the hotel. “Summer Palace now has its own version of this iconic dish.”

上海龙凤1314The activity is part of the 2019 China Tourism Culture Week, which is hosted by the Ministry of Culture and Tourism. It is t

aking place in 34 China Culture Centers and 19 China National Tourist Offices around the world from May to June.上海龙凤1314

At a time when the world has reached a critical crossroad with global economic growth foundering, and raging trade frictions and development problems com

ing to the fore, Xi has embarked on a series of overseas trips since the beginning of June to promote multilateralism, free trade and economic gl上海龙凤1314品茶微信

obalization. By so doing, he has sent a clear signal to the world once again that China, as a responsible power, stands by int

ernational rules and is committed to addressing international issues, driving global growth and promoting peace.

However, the road ahead for China is far from smooth, typically fraught with risks.

上海龙凤1314品茶微信And although Trump has allowed US companies to sell components

to Huawei, he did not remove the company from the US’ blacklist. Which suggests the two sid

es need to make greater efforts to narrow the fundamental gaps underlying the Sino-US trade dispute.

But since a comprehensive, enforceable deal could still prove elusive, China will continue to

deepen reform and opening-up to cope with any risks and challenges that emerge in the future

weishow.com.cn

It is no surprise that, as a Beijing native who grew up in

n a crowded courtyard house in a traditional alleyway like Lao She, Fang also felt a deep connection to the writer’s works.

上海龙凤1314女神会所As Fang says, he enjoys reading Lao She’s works because the characters appear as familiar as his neighbors.

After performing This Life of Mine in 2011, Fang began to plan other adaptations of Lao She’s works.

With the support of Lao She’s children, including Shu Yi and Lao She’s daughter Shu Ji, Fa上海龙凤1314

ng adapted two more of the writer’s well-known novels, Divorce and Cat Country, for the stage between 2012 and 2014.

In 2016, he adapted Lao She’s novel, Mr Ma and Son, into an all-male cast stage production of the same title, which largely draws on Lao She’s experience as a Ma上海龙凤1314

ndarin teacher at the University of London from 1924 to 1929. Last year, he directed another all-male cast play titled Lao She’s Six Stories, based on six short sto

ries penned by the writer between 1934 and 1935, which deal with the struggles and lives of ordinary people, dep上海龙凤1314女神会所

icting the plight of a young couple living a hand-to-mouth existence and the relationships between local neighbors.

Fang is working on his latest play, The Story of Niu Tianci, which was written by Lao She in 1934.

“Compared with Lao She’s other works, The Story of Niu Tianci is less well-known. But Shu Ji likes it very much and it’s a pit

y to ignore such a great novel,” he says. “The story is about a young man’s struggle against his social environment, a

上海龙凤1314nd I am sure that audiences will find the story interesting and connect with it. I am very excited about it.”

A park focusing on the innovation and development of intangible cultural heritage opened in Beijing on June 28, the first of its kind in China.

Located in Dongcheng district, Yongyuan park was set up to allow inheritors of intangibl

e culture to work with designers to find ways to blend the traditional arts more seamlessly into public life.上海龙凤1314女神会所

Developed by the Hong Kong-listed Beijing Capital Land, Yongyuan is the first park o

f its kind in the country set up to provide an innovation platform for intangible cultural heritage.

The company signed strategic cooperation agreements with a host of tradition上海龙凤1314女神会所

al art workshops, guilds and institutes of higher learning at the opening ceremony.

Yongyuan park also aims to integrate investment, technological resear

ch and retail facilities to promote the integration of intangible cultural heritage.

Authorities expect the park to become a testing ground for national efforts in intangible cultural heritage protection.

www.bx-zhonghui.com

These high net worth individuals each possess inve

Meanwhile, 79 percent of the Chinese high net worth individuals polled said they are optimistic about their inves

tment returns for the next six months, while the average number was 62 percent in the North Asian markets.

Despite the fact that the benchmark Shanghai Composite Index sh

ed nearly 24 percent in 2018, 67 percent of Chinese participants said they will increase their inv

estments in the stock market in the next six months, much higher than the 51 percent registered in North Asia on average.

UBS found that cash still makes up about 30 percent of the investmen

t portfolios of Chinese high net worth individuals, which is the lowest among all surveyed Asi

a-Pacific markets, and even lower than the global average of 32 percent. Although China’s number is relatively lo

w, it is comparatively one of the most significant parts of the investment portfolios of high net worth individuals.

www.vnynui.cn

“I think there are advantages and opportunities on b

oth sides if we can get people to sit down and really look at how do we put these pieces together,” Holden said.

He listed infrastructure, energy, education and business-to-business relationships as potential areas of coope

ration between China and the US, and he suggested such cooperation could start from subnational bilateral exchanges.

“It’s so important to be working at the state and local level. Because in that fashion, by buildin

g these relationships now, hopefully we get a more stable relationship nationally going forward,” said H

olden.hina’s relevant government department decided to open an investigation into US shipping company Fed

Ex, for suspected infringement of Chinese customers’ legitimate rights and relevant laws and regulations.

www.jvuau.cn

Disaster-proofing the world’s largest infrastructure ini

nitiative is a challenge, but achievable,” she said, adding that at the heart of this challenge lies great potenti

al for innovation and creativity, such as new disaster risk prediction and analysis, and disaster-resilient infrastructures.

Huang Runqiu, vice-minister of the Ministry of Ecology and Environment, said dis

aster risk reduction of natural hazards along the initiative is crucial for its success and sustainability.

Regions at the heart of the initiative, such as the Tianshan-Pamir Platea

u, the Himalayas, eastern parts of the Qinghai-Tibet Plateau and South Asia, are facing serio

us disaster threats due to tectonic movements, fragile ecosystems and extreme weather, he said.

Henrik Slotte, a senior disaster management expert from the UN Environm

ent Program, said poorly managed infrastructure projects can damage the ecosystem.

www.aishedesac.com

Balancing growth with structural reformting perform

After a disappointing performance in 2018, China’s economy appears to be stabiliz

ing. In the first quarter of 2019, GDP growth, at 6.4 percent year-on-year, matched that of the previous quarter. But grow

th in industrial production exceeded expectations, expanding by 6.5 percent year-on-year (and by 8.5 percent in Mar

ch). Even exports growth was positive, albeit weak, despite the ongoing trade frictions with the United States.

Moreover, fixed-asset investment (FAI) grew by 6.3 percent-0.2 percentage points higher than in the previous quar

ter. Investment in real estate grew the fastest (11.8 percent), followed by manufacturing (4.6 percent) and in

frastructure (4.4 percent). The growth of investment both in real estate and infrastru

cture was stronger not only sequentially, but also year-on-year. As usual, consumption growth was stable.

www.weishow.com.cn

Noting that China has the world’s biggest middle-incom

income population, Xi said that China would open up its market continuously and welcome quality products from around the world.

China does not pursue a trade surplus intentionally, and it would like to import more com

petitive farm products, finished products and services to promote the balance of trade, Xi said.

China will promote greater openness in modern services, manufacturin

g and agriculture, allow foreign capital to hold the controlling share in more areas and buil

d some new free trade pilot zones to further ease market access for foreign capital, he said.

China will speed up making relevant rules and regulat

ions and ensure the implementation of the Foreign Investment Law, Xi said, adding that the cou

ntry will push forward supply-side structural reform through fair competition and international cooperation.

gzbbas.com

On the basis of the four China-Japan political documen

s and in the spirit of seeing history as a mirror as well as facing the future, the two nations sho

uld continue to work toward the long-term, healthy and stable development of bilateral relations, he said.

As major economies in the world, China and Japan both support free trade and obey WTO rules, Li said.

He also welcomed Japanese businesses to expand investment in China

as the country will continue to unwaveringly deepen reform and expand opening-up.

China stands ready to move forward with talks with Japan and other rel

ated parties to further the negotiations regarding the Regional Comprehensive Econo

mic Partnership as well as the China-Japan-Republic of Korea Free Trade Agreement, he said.

Li also voiced China’s support for Japan’s hosting of the G20 Summit, which is slated this year

to be held in Osaka, and he hoped it would inject fresh impetus into global economic growth.

Kono expressed his appreciation for efforts made by the Chinese premier in helping return bilateral relations to the right track.

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