Data show that over the past two years, about one-thir

ird of the college graduates chose to pursue a post-graduate degree instead of entering the job mark et, and within six months of graduation more than 90 percent college graduates found employment. Despite all this, there are still many structural employment problems. Take college graduate s for example. Many college graduates seek a high-paying job and a majority of them […]

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The world’s second-largest economy maintained its fore

eign exchange reserves at $3.095 trillion at the end of April. The reserve amount was stable, altho ugh it slightly retreated from $3.098 trillion at the end of March, according to the State Administration of Foreign Exchange. Li Yang, director of the National Institution for Finance and Development of the Chinese Academy of Social Sciences, said that China is unlikely […]

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RMB’s value determined by market forcesce forex rese

Beijing will not sacrifice forex reserves to defend its currency, analysts say China would rather rely on market-oriented forces to determine the renminbi’s value than defend its currency by d ipping into its $3 trillion foreign exchange reserves amid trade disagreements, analysts said. The United States Treasury announced on Wednesday that it could not label China a s a “currency […]

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In May, the offshore RMB exchange rate against the US do

dollar dropped more than 3 percent under market pressure as global investors worried about the escalation of trade friction. Guo Shuqing, Party secretary of the People’s Bank of China, the central bank, said on Monda y that higher US tariffs on China’s imports triggered financial market volatility, and this also affected the offshore RMB. The currency’s depreciation was purely caused […]

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Trade between the two countries “made a major breakthr

rough” and exceeded $100 billion in 2018, and the two permanent members of the United Na tions Security Council have been coordinating closely on major international issues, Ruan said. This year marks the 70th anniversary of the establishment of bilateral ties, which are said to have reached their best level in history. Also, the attendance of the two countries’ leaders […]

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The meeting highlighted the importance of strengthen

 innovative capabilities as well as opening-up and cooperation in this regard, and called for improving the services and environment for opening-up and cooperation so that development is promoted through opening-up, inn ovation is advanced through reforms and win-win results are achieved through cooperation, it said. Tough and newly emerging problems should be resolved through deepening reforms, the statement said, adding […]

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The Sino-US trade tensions have had a limited impact

mpact on China’s financial markets and the effects will be “even smaller” in the future, Guo said. Yi Huiman, chairman of the CSRC, also pledged earlier in May to continuously enhance the quality of listed firms as part of s upply-side reforms in the financial sector to promote the high-quality development of the real economy. The National Development and Reform […]

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During the team’s 40-day intensive training in Nepal, the

heir Sherpa guides had taught them how to maintain healthy blood circulation and remain safe in crowded conditions, she said. This spring, 144 foreign and 12 Chinese climbers have also attempted to con quer Qomolangma from Tibet, according to the Tibet Mountaineering Association. “D espite having a smaller number of climbers, traffic jams also happened on the Tibetan side,” Ma […]

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Addressing the plenary session of the Fourth Eastern Eco

n Economic Forum in Vladivostok, Russia, in September, Xi called for regional memb ers to actively align their development strategies and work together for an open regional economy. Wu Hongwei, a researcher of China-Russia relations at the Chin ese Academy of Social Sciences, said bilateral cooperation plays a prominent role in guar anteeing world peace and security at a time […]

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Still, the victory of the Brexit Party could prompt the Cons

servatives to choose a new leader to campaign on a “no-deal” Brexit. But this has little or no chance of being accepted by the British parliament, which means the B rexit stalemate will continue until there is a general election or a second referendum. In any case, the normally pr ofree trade voice of the UK will be reduced in […]

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