Central bank vice-governor voices confidence amid currency volatility
The monetary authority vowed to stabilize the renminbi amid escala
ted trade tensions, while continuing to push forward financial opening-up and pr
otecting overseas investors’ legal rights, said a senior official from the central bank on Sunday.
“We have the foundation, confidence and capacity to maintain a stable foreign exchange ma
rket in China, and keep the renminbi exchange rate at a reasonably stable equilibrium,” said Pan Gongsheng, vi
ce-governor of the People’s Bank of China, the central bank, said in a statement on its website.
Before his pledge, the onshore renminbi rate depreciated to 6.9182 per do
llar at Friday’s close, the weakest level since December, and the offshore renminbi rate h
will impact various industries and stimulate the emergence of many new products, services and industries.
China Daily’s app was named the “Highly Commended” news app of the year at the newsawards 2019 in London on Wednesday.
The result was announced at the gala dinner held at the Royal Lancaster London. Ch
ina Daily beat two other nominees – The Independent and the Belfast Telegraph – to win the honor.
The China Daily app offers “a powerful mix of technology and innovation, with great clarity on audience needs,” said the judges.
The automotive sector will most likely be one of the first industries to rely
on 5G, connecting vehicles to other vehicles, roadsides, traffic lights, buildings and the inter
net to process data across cars or in the cloud, according to the report.
As 5G technology has integrated various industries and technologies, the number of 5G Stand
ards-Essential Patents applications surged to more than 60,000 globally by the end of April, the report said.
ndreds of security guards daily during peak seasons. In October, when it had a record number of travelers, the ad
ministrators decided to seek help from local universities for international volunteers, Liu said.
The lake, spanning a total of 60 square kilometers in the heart of Hangzhou, is ne
ar to one of China’s oldest Buddhist temples and is surrounded by lush green hills.
During the recent holiday, it was one of the most popular tourist spots amo
ng millions of domestic travelers, along with the Great Wall and the Forbidden City.
“It’s not only about giving tourists directions to the toilet or preventing people from smoking,” said Bela Nitesh Parm
ar from India, one of the students selected from among more than 50 candidates for the volunteer program.
“The more I help others, the more confidence and positive energ
y I earn for myself,” said the sophomore at Zhejiang University of Technology.