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accelerate drought mitigation strategies and develop a regional sand-and dust-storm alert system. I hope the region can s
eize it to protect vulnerable communities from disasters in every corner of Asia and the Pacific.?yabo sports app千花坊女神会所
The author is under-secretary-general of the United Nations and executive secretary of the United Nations Economic a
?yabo sports app千花坊女神会所nd Social Commission for Asia and the Pacific. The views don’t necessarily represent those of China Daily.
As the new school semester approaches, groups in the Hong Kong Spe
cial Administrative Region voiced resolute opposition on Thursday to any individual or or?yabo sports app千花坊
ganization planning to bring politics onto campuses and into classrooms, including browbeating students into ski
pping school to attend rallies or bullying those who hold different political views.
?yabo sports app千花坊The concerns have been fueled by a recent call by Demosisto, a local political party, along with several student groups, for
all of the city’s secondary school students to skip class beginning Monday, without providing a more specific time frame.
Their statements also come amid widespread worries of bullying of students, especially children of the city’s police officers.?yabo sports app千花坊女神会所
At a news conference on Thursday, the Democratic Alliance for the Betterment an
d Progress of Hong Kong, the city’s largest political party in the Legislative Cou
?yabo sports app千花坊ncil, stressed firm opposition to the school strike campaign, saying politics should never trump education.
Recently, many parents have expressed concern to the alliance over possible effect
s on their children’s studies from a school strike, said alliance Chairwoman Starry Lee Wai-king. They also feared t?yabo sports app千花坊女神会所
heir children might be targeted or bullied by schoolmates for not joining the strike.
Responding to those concerns, the alliance strongly opposed the strike as it might drag innoc
ent students into the political conflict and disrupt the harmonious atmosphere on campuses.
reform, Yu said, adding that there has been no intervention in the forex market through sales of such reserves for a long ti
me, even though the renminbi may be under depreciation pressure amid global monetary easing.yabo sports app会所
According to SAFE, the major task for foreign exchange management this year is to enhan
yabo sports app会所ce midand long-term asset allocation and optimize and adjust investment strategies.
Xie Yaxuan, chief analyst at China Merchants Securities, said there is a global tren
d where countries with large holdings of reserves tend to focus on long-term and relatively stable invesyabo sports app会所
tments, such as infrastructure construction, to hedge against potential fluctuations in bond and equity markets.
“A shift toward using domestic currency is another trend,” he added.yabo sports app会所
Profitability is generally accepted by the world’s major central banks as the
prime objective for reserve management, in addition to safety and liquidity. The em
yabo sports app会所品茶微信phasis on the return objective has generally increased over time, according to experts.
SAFE said in its annual report that China had achieved a 10-year return rate of 3.68
percent on average on its foreign exchange reserve investments from 2005 to 2014.
Wang Chunying, a spokeswoman for SAFE, said the investment retuyabo sports app会所
rn rate was at a relatively good level compared with those of global peers.
“China’s forex reserve currency structure is diversified, even more diversifie
d than the global level on average,” Wang said. “It is in line with the requirements of China’s eyabo sports app会所品茶微信
conomic and trade development, as well as the demand for international payments.”
Prospective returns on China’s vast foreign exchange reserves are likely to remain
yabo sports app会所stable at more than 3 percent, and the regulator is optimizing investment strategies this year to incre
ase asset values and reduce the adverse impact of foreign exchange rate fluctuations, according to economists.
Zhao, from the China Financial Futures Exchange, said it is also a trend for global moneyabo sports app会所品茶微信
tary authorities, including the PBOC, to increase gold in their reserve portfolios to pr
epare for any shocks resulting from financial risks and foreign exchange rate fluctuations.
erves, the country has seen stable and fast economic growth in the past four decades, with lowe
r inflation. Thanks to the reserves, China can also benefit from a favorable international trade and finayabo sports app乌托邦
ncial environment in the long term, Chen Yuan, a former deputy governor of the central bank and former vice-ch
irman of the Chinese People’s Political Consultative Conference, said at a forum on Aug 10.
yabo sports app乌托邦品茶微信”Previously, we identified the foreign exchange reserves as an important milestone for ec
onomic development and society’s core wealth. Now, we have to reposition the foreign exchange market,” he added.
According to Chen, faced with new challenges, including foreign exchange rate issues raised by the United States recyabo sports app乌托邦
ently, the priority is to keep these reserves safe, and strengthen the renminbi’s position globally.
Chen sees potential in foreign exchange rate risks, as the majority of China-reserved foreign assets are in US dollars.
Currency compositionyabo sports app乌托邦品茶微信
Late last month, the State Administration of Foreign Exchange, or SAFE, C
hina’s forex regulator, said the country’s foreign exchange reserves held in US dollars
yabo sports app乌托邦accounted for 58 percent of the total by the end of 2014, down from 79 percent in 1995.
Among global foreign exchange reserves, assets held in US dollars comprised 65 percent of
the total by 2014, up from 59 percent in 1995, according to SAFE’s annual report last year.yabo sports app乌托邦
For the first time, SAFE made public the currency composition of the
forex reserves, after first reporting data to the Currency Composition of Foreign
yabo sports app乌托邦Exchange Reserves, or COFER, an International Monetary Fund database, in 2015.
According to COFER, which keeps quarterly data on the currency composition of officialyabo sports app乌托邦品茶微信
foreign exchange reserves, the world’s forex reserves reached $11.59 trillion in the fir
st quarter of this year. Some 58.14 percent of the total was in US dollars, compared with 1.8 percent in renminbi.
President, Duterte pledge efforts on code of conduct, sign deals on cooperation
?yabo sports app419品茶微信President Xi Jinping said on Thursday that China and the Philippines should commit t
hemselves to push forward the Code of Conduct in the South China Sea so it can be finished as early as possible.
Xi made the remark when meeting with Philippine President Rodrigo Duterte, who is on?yabo sports app419
a five-day visit to China that started on Wednesday, at the Diaoyutai State Guesthouse in Beijing.
Xi described the code of conduct as a creative way to set rules for the resolution
?yabo sports app419of the South China Sea issue. He called on the two countries to make joint efforts to put aside differences and exc
lude external disturbances in order to focus on cooperation and development to safeguard regional peace and stability.
He underlined the need for both countries to take bigger s
teps in the joint exploration of the oil and gas resources in the South China Sea.?yabo sports app419品茶微信
The two countries announced on Thursday the establishment of an
intergovernmental joint steering committee and an inter-enterprise work team?yabo sports app419
on the joint exploration for oil and gas in the South China Sea to strive for substantial progress at an early date.
?yabo sports app419They also concluded six agreements, which involve areas such as cust
oms, higher education, science and technology and economic and social development.
On the bilateral relationship, Xi told Duterte he stands ready to work
with him to guide the sound development of Sino-Philippine relations to bring benefits to the?yabo sports app419品茶微信
two nations and two peoples, and also to add positive energy to regional peace and stability.
He called on the two countries to strengthen synergy between the China-proposed Belt and Road Initiative and the Philip
?yabo sports app419pines’ “Build, Build, Build” program and to do a good job impementing cooperation projects in ar
eas of infrastructure construction, industrial parks, telecommunications and energy.?yabo sports app419品茶微信
Duterte said he supports the peaceful resolution of the South
China Sea issue through cooperation instead of confrontation.
There are so many people hoping to buy the toys. It depends on luck,” says Kan.
Kan came to the event along with four friends, who are all big fans of designer toys. One of thyabo sports app夜网女神会所
em is Wang Mei, who started collecting designer toys in 2017 and now boasts a collection of more than 1,000.
yabo sports app夜网”It’s a great way to socialize with people,” says Wang, 36. “We
share information about designer toys and what we bought on social media.”
When I look at those cute little toys after work, I feel relaxedyabo sports app夜网
and warm,” says Wang. “For me, those toys are like affordable art pieces.”
Kan and Wang are typical of the growing number of Chinese toy-collecting enthu
siasts who have emerged in the past few years as the designer toy craze has taken off.yabo sports app夜网女神会所
They enjoy buying and collecting toys made from plastic or vinyl
produced by designers or artists. These toys are often associated with different themes, such as anim
als, amusement parks and zodiac signs. The styles of the toys can be cute, funny or even quirky.yabo sports app夜网
It all started with Pop Mart, a Beijing-based company that introduced designer toy show
s to the Chinese mainland, and the organizer of the Beijing show as well as one in Shanghai. Three years ago, it sigyabo sports app夜网女神会所
ned a contract with Hong Kong illustrator and designer Kenny Wong, who designed Molly, a wide-eyed girl.
About 4 million finger-sized Molly dolls in different series or situations, such as Schoyabo sports app夜网
ol Life and Ocean, were sold on the mainland in 2018, each for 59 yuan, one of the best-selling art toys in China.
The idea for Molly came from Wong’s experience in drawing portraits of child
yabo sports app夜网女神会所ren at a charity event. To keep the kids still for his portraits, he asked them to sit down w
hile he painted. All the children were pouting as they followed the instruction not to move.
commerce giant pump primes Juhuasuan to cash in on abundant opportunities
Times are changing fast at e-commerce behemoth Alibaba Group Holding Ltd. While styabo sports app夜生活女神会所
ore-openings from a range of global brands like Burberry to Ferragamo were
yabo sports app夜生活the norm earlier, they have since been replaced by deals, bargains and growth in lower-tier cities.
Against flattened economic growth and brutally aggressive competition, Alibaba is no
w giving unprecedented priority to Juhuasuan, its group-buying and flash-sale platforyabo sports app夜生活女神会所
m, repositioning it as the top destination for consumers from smaller cities and townships.
yabo sports app夜生活The internet giant said recently that it will host a Super Bargain Day from Sept 1, halving prices for 1 million me
rchandise and giving out cash dividends, coupons and other perks. Unlike the
more reputable Nov 11 annual sales event, the 10-day event is targeted at good-quality budget items.yabo sports app夜生活女神会所
“We see massive growth in lower-tier cities this year via the Juhuasuan platform. This is the
yabo sports app夜生活engine fueling future growth and a bluesea market－meaning opportunities abound for each and e
very industry player to take a share,” said Liu Bo, general manager of Juhuasuan.
Media publications and industry analysts often categorize Cyabo sports app夜生活女神会所
hinese cities into tiers, defining them based on population, gross domestic prod
yabo sports app夜生活uct and other criteria. Tier-one cities normally refer to super metropolises like Beijing and Shanghai.
Alibaba’s strategy to penetrate into lower-tier markets has reaped some early gains. In the
quarter ending June 30, over 70 percent of increased annual active consumers came from less devyabo sports app夜生活女神会所
eloped markets. The company attributed the achievement to initiatives to cater to a b
roader user base, such as “using simpler interfaces for first-time or less-frequent users”.yabo sports app夜生活
Realizing the potential, Juhuasuan has announced a slew of plans to rev up services. On the
supply side, the platform aims to help manufacturers digitize their factories through consumer anayabo sports app夜生活女神会所
lytics and the internet of things technology. Liu said he hopes such efforts will foster
brands, create 1 million sought-after items and nurture 10,000 digital plants.
Headquarters in Beijing says move is a blow to bilateral education cooperation
The Confucius Institute Headquarters said it deeply regrets a decision by the education department in Australia’s most pyabo sports app夜生活
opulous state to end a Chinese-language education program in its public schools and ho
yabo sports app夜生活女神会所pes the New South Wales government will not politicize normal bilateral cooperation in education.
“We hope the NSW government will give more consideration to the negative infl
uence of closing the Confucius program on the state’s Chinese language educationyabo sports app夜生活
and its education cooperation with China,” the Confucius Institute Headquarters said in a statement on F
riday, adding it would take necessary measures to safeguard its rights and interests.yabo sports app夜生活女神会所
In May last year, the department ordered a review of foreign government or o
yabo sports app夜生活rganization support of language education in NSW government schools.
Though no evidence of “actual political influence” was found by
the review, it said the Confucius Institute established within the department “yabo sports app夜生活女神会所
is or could be facilitating inappropriate foreign influence in the department”.
The department said it had decided to end its cooperation with the Confucius Institute pryabo sports app夜生活
ogram at the end of the 2019 school year, which would terminate the Confucius Classroom prog
yabo sports app夜生活女神会所ram in 13 public schools across Sydney and on NSW’s mid-north coast.
Instead, the NSW Department of Education will invest A$1.2 million ($810,0
00) to continue teaching the Chinese language in the 13 schools, it said, adding thayabo sports app夜生活
t 15 percent of the pupils learning Chinese in NSW public schools were doing so in Confucius Classrooms.
The Confucius Institute Headquarters, which is based in Beijing, said the program wayabo sports app夜生活女神会所
s established in the spirit of mutual respect, friendly consultation, equality and reciprocity. It also said the co
operation involved was open and transparent and adhered to laws and regulations.
yabo sports app后花园ear, and its nighttime revenue now accounts for about 20 percent of the total, Zhang said.
She added that running a 24-hour business is not easy, anyabo sports app后花园女神会所
d many bookstores in China had tried and failed at this. But as the authorities have started to p
yabo sports app后花园romote nighttime business activities, this offers a good opportunity to develop such bookstores.
“Bookstores are the spiritual landmarks of cities and are indispensable to citizens. To make 2
4-hour bookstores universal requires the joint efforts of society, and will take time,” she said, adding that she hyabo sports app后花园女神会所
opes more cities in China will cater to people who want to read in bookstores at night.
In recent years, nighttime tourism has developed much faster than other se
yabo sports app后花园ctors, and many cities have launched nocturnal projects. For example, Xi’an, capi
tal of Shaanxi province, has launched more night fairs, cultural performances and entertainment outlets.
Xu Xiaolei, chief brand officer for China Youth Travel Serviceyabo sports app后花园, said that in the past, the tourism
industry placed the emphasis on daytime activities and “undervalued” nighttime operations. But con
yabo sports app后花园女神会所sumers are now demanding high-quality nighttime activities, with nearly half of the company’s customers asking
for such itineraries to be arranged, whether they are traveling in China or abroad.
“I think it is especially good that the Chinese authorities have rolled out measyabo sports app后花园
ures to boost after-dusk activities, which is a response to people demanding higher-quality lives,” he said.
Xu added that Chinese cities are “too similar” in promoting nighttime acyabo sports app后花园女神会所
tivities. Most of the time, night travel is still about tasting local food in “snack streets”.
“Every city should think about developing unique tourism resources that would enablyabo sports app后花园
e it to stand out from others,” he said. “Many people the world over would like to see a Broadway musical while vis
iting New York, but performances in China are mostly high-priced and out of reach for most.”yabo sports app后花园女神会所
The historic water town of Wuzhen has been transformed by Xu’s company from a shabby
destination, with 30 to 40 percent of consumption now taking place at night, Xu said.
the full pricing-in of opinions from bulls and bears, an uptrend wi
h fluctuations, and a return to rationality,” the SSE said in the announcement.yabo sports app夜生活
Relaxed price fluctuation limits have enabled the STAR Market stocks to be more timely priced, leading to higher p
ricing efficiency than the main board, according to analysts from Shenwan Hongyuan Securities.
yabo sports app夜生活女神会所Securities regulators lifted price fluctuation limits for STAR stocks in their first five trading days, and thereafter a 20 pe
rcent daily price fluctuation limit is effective, versus a 10 percent limit on the main board.
Analysts expect trading on the STAR Market to become more rational in the medium term, with valuation levels to betyabo sports app夜生活
ter reflect company fundamentals. Firms with strong fundamentals may sustain high
valuations, while weaker ones may see a marked divergence in stock price performance.
The market-oriented initial public offering mechanismyabo sports app夜生活女神会所
of the STAR Market, or the registration-based IPO system, also showed its effect, with the 28 STAR li
stings’ price-to-earnings ratios of offer price varying from 18 to 269, according to SSE data.yabo sports app夜生活
This marked a difference from the main board, where almost all new offerings are p
riced at a maximum of 23 times earnings under the approval-based IPO system.
yabo sports app夜生活女神会所The SSE also disclosed that during the first trading month of the STAR Market, it strengthened
supervision on illegal trading and dealt with eight cases of abnormal trading behavior on the new board.
No-go areas for gasoline vehicles to spur new energy sector’s developmentyabo sports app夜生活
China is encouraging local authorities in regions with appropriate conditions
to set up no-go zones for gasoline cars and use more new energy vehicles for public trans
port, which analysts and industry insiders say will help boost the industry’s development.yabo sports app夜生活女神会所
“Regions with ripe conditions have our support if they establ
ish trial projects to establish no-go zones for gasoline-powered vehicles
and replace such vehicles with new energy vehicles in the urban public transport system,”
said the Ministry of Industry and Information Technology in a statement on its website on Tuesday.
China firmly opposes the United States’ new threat to impose additional tariffs on about $550 billio
n worth of Chinese imports, a spokesperson of the Ministry of Commerce said on Saturday.In a brief statemyabo sports app419品茶微信
ent, the ministry said the US act is unilateral, trade protectionism, and using maximum pressure.It violates the con
yabo sports app419sensus reached between the top leaders of the two countries, severely under
mines the multilateral trading system and normal international trade order, and Washington will eat the bitter fruit
s of its own action, the ministry said.”Such unilateral and bullying acts of trade protectionism and extreme presyabo sports app419品茶微信
sure run counter to the consensus of the heads of state of China and the United States, and run counter to the principles of
mutual respect, equality and mutual benefit,” the spokesperson said.The ministry urged Washington to immyabo sports app419
ediately stop its wrongful deeds, otherwise it will “bear all the consequences.”The ministry warned the US ayabo sports app419
dministration not to misjudge the situation, nor to underestimate the determination of the Chinese peo
yabo sports app419品茶微信ple.”China strongly urges the United States not to misjudge the situation, or underestimate the determination of the Chi
nese people. It must immediately stop its erroneous practices, or bear all the consequences,” the spokesperson sa
id.ow dare it? That was the message from the United States leader, who, announyabo sports app419
cing extra tariffs on $550 billion worth of Chinese imports, declared that China “should not” have put tariffs on a furth
er $75 billion of US products.Since China’s tariffs were in retaliation to the US’ tariffs on $300 billion of Chineseyabo sports app419品茶微信
imports, clearly what he described as a “politically motivated” move has put his nose out of joint.