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.
nts to visit China in the future.Kendra Le, a Niles North freshman, was thrilled about Xi’s response letter, the Chicago Tribune reported.
“I was surprised, very surprised,” Le was quoted in the report as say
ing. “It was an honor to receive a letter from him. It was really nice getting a letter from him.”
The report also said that Zhao Jian, the Chinese consul general in Chicago, personally
delivered the letter to a gathering of students enrolled in Chinese classes at Niles North on April 3.
Serena Meyers, a Niles North senior taking her first year of Chinese after thr
ee terms of Spanish, was not only happy to receive the response, but also ple
ased at how the Chinese leader made an effort to answer the questions her classmates posed.
“I was absolutely surprised,” she told the Chicago Tribune. “He has a lot to do and it was a
n honor he wrote back to us.”The Niles North High School began offering Mandarin courses in 2008.
sing funds for the sake of cost-cutting, Liu said, adding some staff made 80,000 yuan a
month in pilot areas for the new salary regime in southern China’s second and third-tier cities.
Earlier this year, rumors spread that China’s e-commerce giant would can
cel couriers’ basic salary and reduce welfare. The company confirmed the salary adjus
tment plan via its official Sina Weibo account on April 7, saying as the number of orders from individual clients incre
ases, the company is looking to adopt an incentive plan to reward outstanding employees.
JD will reduce its delivery staff members’ salaries by adopting a commis
sion-based payment scheme starting in June and low
er contributions to employees’ housing funds from 12 to 7 percent, Sina Finance reported.
An anonymous courier with JD Logistics said the task of getting more external delivery
orders under the new salary system would be hard to accomplish, and the new policy will reduce their salary, th
e report alleged, though the courier did not indicate an exact amount for the reduction.
Croatia, April 13 — China and the Central and Eastern European Count
ries (CEECs) on Friday agreed to enhance connectivity to achieve more development.
The agreement was part of the Dubrovnik Guidelines for Cooperation between China and t
he CEECs, which was released after the eighth China-CEEC leaders’ meeting in the Croatian city of Dubrovnik.
According to the guidelines, China and the CEECs are willing to pro
mote railway projects cooperation in line with respective laws and regulations and through
consultations, in particular by strengthening exchanges and cooperation on railway planning, railway organiza
tion development, management, technology development, logistics and freight terminal construction.
China and the CEECs will jointly explore utilization and construction of logistics hubs, said the guidelines, adding that China is
welcome to participate in joint development of new freight lines in connecting markets in Asia and Europe, u
nder the understanding that it respects the principles of transparency and non-discrimination.