Solana hailed the development of relations between China and the Europea
n Union, saying they could work together to uphold the existing international system.
“I think cooperation between China and the European Union is very impor
tant. And fortunately, that relationship now is in a good direction,” said Solana, who se
rved as the EU’s high representative for common foreign and security policy between 1999 and 2009.
He expected China to play a bigger role in the upcoming Group of 20 summit in Osa
ka, Japan, saying that leaders of major powers should sit down and have productive talks.
He hailed the Belt and Road Initiative, and said it is a good platform for international cooperation.
nment debt management and stable economic growth, especially at a time when trade te
nsions with the United States have imposed more downward pressure, said economists.
More financial resources and investors will be involved in the debt resolution process, said Qiao Baoyun, head of the Acad
emy of Public Finance and Public Policy at the Central University of Finance and Economics.
The last round of local government debt swaps started in 2015 and ended in August 2018, w
hich saw 14.34 trillion yuan ($2.08 trillion) of local government debt being swapped into bonds.
Local governments are set to face more debt burden in the next three ye
ars, as many of the previously issued bonds are set to expire, income from land sales has
philosophies to enhance the exchanges and mutual learning of diverse civilizations.
Frederick W. Russell-Rivoallan, a program specialist and head of social and human sciences for UNESCO, hailed the dialogue of Asian civilizations.
“It’s a great way to concentrate in this part of world, but it’s also
a global inspiration – bringing countries together, understanding other cultures, respecting each
other and sharing with each other,” he said. “That’s the way that we can understand each other better and live together better.”
China will extend 1,000-Megabyte broadband connection to more than 300 cities and cut the
average service rates by 15 percent for small and midsized enterprises this year. The measures are desi
gned to achieve multiplying effects of expanding domestic demand, boosting employment and improving people’s lives.
The decision was made at the State Council’s executive meeting chaired by Premier Li Keqiang on May 14.
embers. If its members cannot reform the architecture and resolve the key issues, they may all end up in various regional groups.
“Many bilateral tensions or challenges countries are facing today requir
e a multilateral response, and WTO reform is definitely needed, especially in the area
s of trade and investment,” said Xue Rongjiu, deputy director of the Beijing-based China Society for WTO Studies.
Chen Fengying, a senior economics researcher at the China Institutes of Contemporary Internationa
l Relations, said the US government seems to have made driving WTO reform its priority so that the country can claim the high gr
ound in global trade and lead the process for making new rules and establishing a new global trading system.
This move poses a challenge to the WTO and its basic principles including that of most favored nation status and national treatment, she said.
ward underground to Lize Financial Business Area, which is about 3.5 km from Caoqiao Statio
n, so passengers can transfer to Line 14 and Line 16, which are under construction, and Line 11, which is planned.
Masood Khalid, Pakistani ambassador to China, said Chinese culture is a reflection of the cou
ntry’s long and rich history. “It is a civilization that has made an imprint on global culture,” he said.
The ambassador listed a variety of manifestations of Chinese culture, which include Chinese cuisine, dance, art, and costume.
“The way Chinese people attach importance to their family and their children, lookin
g after the elderly – all these practices and traditions have been inherited over time,” he said. “Then after har
d work, they come together with their families and friends.”
A city terminal will be established in the Lize Financial Business Area, p
roviding check-in and luggage check services. Passengers will enjoy more convenience with
the ability to check their luggage and get their boarding passes before they arrive at the new airport.
Liu Ruilin, Party secretary and president of Shunde Hospital of Southern Medical University, has been re
moved from his positions after five babies died and 14 fell ill during an enterovirus outbreak at the hospital.
The five newborns who died had other underlying diseases, such as pneumonia, before contracti
ng the virus, according to a statement from the Guangdong Health Commission on Saturday.
Thirteen of the sick babies have been discharged from the hospital, wh
ile the other one continues to be treated and is in a stable condition, the commission said.
An investigation determined that the case became serious becaus
e of the combination of the intestinal virus with lax hospital management.
addressed are the issues that the business community is concerned about”.
“It is excellent that President Xi recognized some problems,” especially those associated with its Belt and Road Initi
ative, such as transparency and corruption, said Craig Allen, president of the US-China Business Council.
Experts also were interested in how the reform policies and laws would be implemented, something Xi addressed in his speech.
“People are very positive about the direction, but they need to
know the details” of how the promises would be delivered, Overholt said.
Xi, citing the old Chinese saying “honoring a promise carries the weight of gold”, pledged to install a binding mec
hanism for international agreements, to make sure governments at all levels operate in well-regulated wa
ys, and to update laws and regulations to abolish unjustified practices, keeping in line with the needs of opening-up.
The People’s Bank of China (PBOC), the central bank, has upgra
ded the fifth edition of the renminbi (RMB), the Chin
ese currency, and on Monday announced the issuing of the new batch from Aug 30.
The new issuance will include notes with a face value of 50 y
uan ($7), 20 yuan, 10 yuan and one yuan, and coins valued one yuan, 50 fen and 10 fen.
Compared with the current series in circulation, the new batch will see brighte
r colors and adjusted patterns with enhanced anti-conterfeiting feature, a PBOC official said.
The five-yuan note will not be in the upcoming issuance as new technologies on the note are still under testing. The 100-y
uan note was issued in November 2015, which has shown improved anti-conterfeiting capability, said the PBOC source.
cus”, keeping it prudent while the liquidity should be at a reasonably adequate level, it said.
Financial policies are required to further support small and private companies, and fun
ding through the capital market is supported by the authorities, according to the statement.
The central bank had skipped open market operations for 15 conse
cutive working days until Monday. “Reasonable and adequate liquidity in the banking syste
m” was the main reason for the absence of open market operations, according to a statement from the central bank.
To cut or not to cut the RRR, a strong tool for liquidity adjustm
ent, has become a hot topic since April, not only for investors, but also for policy advisers.
Divergent opinions are spreading among a broader group of market observer
s. The market is trying to get more indications from the monetary authority, although the C
hinese central bank barely sends any hints on possible monetary policy operations before taking action.
of Engineering and head of the innovation research academy of intelligent robotics at Xi’an Jiaotong Univer