ties, which are developing “very good” momentum both politically and econom ically, said Ruan Zongze, vice-president of the China Institute of International Studies. Trade between the two countries “made a major breakthrough” and exceeded $100 billion in 2018, and the two permanent mem bers of the United Nations 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 at each other’s internat ional forums shows both sides’ support for an open globalRead More →

et forces, and China has never taken any measures to deliberately devalue the currency to make its exports more at tractive, said Guo, who is also head of the China Banking and Insurance Regulatory Commission. According to Guo, the short-term fluctuation of the RMB exchan ge rate was normal, and the depreciation will not last long given the stable economic growth base. “Any speculative activities to short the RMB will suffer huge losses,” he warned. The RMB’s daily trading reference, or the central parity for onshore trading, has been stabilized arou nd 6.89 per dollar for eight days from May 20, and market watchers saidRead More →

Three officials in Wuxi, East China’s Jiangsu province, have been given Party and administrative punishments on Thursday over an inappropriate question about whether kindergarten children wer e involved in gangs, the local government said on its official Wechat account. According to the government of Wuxi’s Xishan district, Feng Dongyan, director and Party ch ief of the Xishan Education Bureau, has been given the punishment of warning within the Party. Wang Zhaoyu, director of the educational bureau’s general office, has been given a serious war ning within the Party and removed from office. Lu Zhongxian, director of the bureau’s educational equ ipment and student aid managementRead More →

t time after exchanging a flurry of Twitter messages over the past week, in which one challenged the other, and both agreed, to hav e an “honest debate” and “meaningful discussion” on the trade issues that are perplexing their countries. Liu joined Regan’s show at Fox’s studio in New York via satellite from CGTN’s studio in Beijing. “I would stress that trade wars are never good. They’re not good for anyone,” Regan said on the show. “So I want to believe, Xin, I want to believe that something can get done.” Regan, who addressed Liu on a first-name basis, contrasted what she said on herRead More →

?increase from 10.5 percent to 15.7 percent over the same period last year. Huawei’s smartphone sales grew in all regions and the company did particularly well in the European market, with sales up 69 percent. Apple ranked third on the list with sales declining to 44.56 million and market share down to 11.9 percent in the first quarter of 2019. China’s smartphone vendors OPPO and Vivo ranked fourth and fifth, respectively, on th e list released by Gartner, indicating a 2.7 percent decline in global smartphone sales in the first quarter of this year. According to another market research firm IDC, shipments by Huawei increasedRead More →

types of onshore commodity futures contracts without registering a Chinese entity, and will continuously improve the relate d rules, Lu Dongsheng, an official with the China Securities Regulatory Commission, told a forum on Tuesday Lu also announced other measures to develop China’s commodity fut ures market, such as accelerating the launch of ricThe Shanghai Futures Exchange will open up its nonferrous metals futures contracts to foreign investors, Jiang Yan, Party secretary of the exchange, said at the s ame forum. The bourGuo Shuqing, head of the China Banking and Insurance Regulatory Commissiose will also list a n ew type of futures contract, TSR20 Rubber, whichRead More →

ech competition in 1996 in London was sent around Chinese social media, the US website qz.com reported. “While the Western world views Liu as an unapologetic champion of China’s agenda, many mai nland citizens regard her as a national heroine defending her country from hostile foreign influences,” Newsweek reported. On Monday, Regan tweeted: “I look forward to hosting Ms Liu – in a FIRST OF ITS KIND debate on trade – LIVE from Beijing & New York.” Beijing on Wednesday set up a 5 billion yuan ($724 million) fund to spur development of the fift h-generation or 5G mobile technology industry, its latest effort toRead More →

na will adhere to the principle of fair and free trade in its management of rare-earth ex ports, but “the Chinese people will be unhappy” if the country’s exported rare-earth metals are used against China. Since the start of the China-US trade friction more than a year ago, Washington has taken many measures, includin g taking advantage of its edge in high-end chip making, to stymie Chinese high-tech firms, the NDRC said. The NDRC added that in its latest move to dampen China’s industrial development, the US governme nt has used an executive order to effectively ban products of Chinese tech giant Huawei from beingRead More →

The Chinese government has accorded priority to achieving stable and expanding employment among its six stabilization tasks. The importance of stable employment has also been highligh ted in this year’s Government Work Report. And the State Council, China’s Cabinet, recently established the Emp loyment Work Leading Group headed by Vice-Premier Hu Chunhua to deal with employment issues. The government is making special efforts to stabilize and expand employment, especially be cause of the intensifying Sino-US trade dispute and the increasing uncertainties in international trade. The China Institute for Employment Research of Renmin University of China has calculated the employment market index, which shows the healthRead More →

has taken a tougher line on protection of agriculture. France, for example, is opposed to including agriculture in transatlantic trade talks. The Greens are one of the big winners in the elections (even beating Germ any’s Social democrats into second place), and they will seek to impose strict conditions reg arding climate change, the environment and human rights on future trade deals. This attitude will also make it dif ficult to agree a new trade deal with the US, as it has not endorsed the 2015 Paris climate agreement. Although the nationalist and populist parties now have more seats, it does not mean they willRead More →