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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
rcrowding and rampant construction plaguing cities, and the development of cities will also offer unique ways to bring about rural revitalization,” Chen said.
“As restrictions on hukou will gradually be removed, cities need to be well-prepared to offer
accommodation and employment opportunities, and allow children of migrant workers to have equal access to education,” Chen added.
China has made steady progress in urbanization, as the ranks of permanent urban r
esidents stood at 831 million at the end of 2018, up 17.9 million from the previous year, said the National Bureau of Statistics.
Last month, the National Development and Reform Commission said it
plans to increase the urbanization rate by at least 1 percentage point by the end of this year.
Shen Chi, vice-director of the China Center for Urban Development, said the government’s new
plan will help foster high-quality and sustainable economic development across the nation.
“Relaxing the hukou policy will be a key step in promoting the free flow of labor across
the nation,” Shen said. “A systematic consideration and arrangement of the integratio
WTO dispute settlement system. Although the rulings are not bindi
ng, most WTO members take them seriously and view the process as a normal part of their
participation in the multilateral trading system, regardless of whether they win or lose any particular case. In do
ing so, they show their respect for the WTO’s principles of consultation and consensus.
China had filed 17 cases with the WTO as of Ap
ril 2018, of which eight had been closed. At the same time, 27 cases had been filed a
gainst China with 23 closed. The United States has had more cases filed against it than any other member state
in the WTO, and it lost quite a number of these cases. In 2016, for example, the WTO ruled against the Unite
d States with regard to a complaint from China in 2013 that it had violated WTO rules by imposing anti-dumping duties
on a number of industries, including machinery, electronics, light industry, metals, and mining.
and to the world more widely,” said Macfarlane, the King’s College historian.
A woman identified only as Marie, who has lived in Paris for 20 years, said: “This is a monument b
uilding that belongs to the story of Paris, to the story of France. … Notre Dame is our story, our culture, our spirit.”
An experiment conducted by Chinese and US scientists on improving monkeys’ cognitive function has been
found to follow international animal rights standards, according to the Chinese research institute.
The study implanted 11 rhesus macaque monkeys with copies of the human MCP
H1 gene, which scientists believe is crucial for humans’ brain development and evolution.
The project is led by researchers from the Kunming Institute of Zoology of the Chinese Acade
my of Sciences, who are working with researchers from the University of North Carolina.