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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.
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.
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
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.
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.
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.