In May and June, the ave娱乐地图hly deficit on forex set

 settlement and sales by banks stood at $6.6 billion, down 44 percent from H2 2018, SAFE data showed.

The reading indicated a relatively good supply-demand situation of the forex market, while monthly fluctuations refl娱乐地图

ected the overall stability of market expectations and the market-oriented adjustment of prices, Wang said.

娱乐地图女神会所According to Wang, China’s forex market showed stable sentiment amid trade frictions with the US and the exchanges bet

ween Chinese and American companies are still very close, which is playing a positive role.

“We are confident to cope with the changing situation and maintain the stability of cross-border capital flows in China,” Wang said.娱乐地图女神会所

A national bankruptcy mechanism is under discussion by policymakers, covering local gover

娱乐地图nments and enterprises, to prevent systemic financial risks, said a senior official with the central bank.

“The key task is to prevent debt default risk,” said Wan Cunzhi, director-general of the PBOC’s Credit Information System Bu

reau, at a news conference on Thursday. He said the mechanism will include inde

bted local governments, while market-oriented measures will be introduced to ease their debt burden.娱乐地图女神会所

Bankruptcy of local governments was rarely mentioned in China before, and the official didn’t re

娱乐地图lease more details on the mechanism. It reflected that policymakers have noticed the potential challe

nges and more measures are expected to strengthen financial stability, analysts said. Total local government deb

t reached 19.9 trillion yuan ($2.89 trillion) by May, according to the Ministry of Finance.娱乐地图女神会所

The State Council released a guideline on Tuesday for building a credit-based market regulation system. The bankruptcy mechanism is one part of the who

娱乐地图le system. Besides local government, individuals and enterprises will also be regulated.

Companies with bad credit records will receive serious punishment

, said Lian Weiliang, deputy head of the National Development and Reform Com娱乐地图女神会所

mission. “For the worst scenario, the companies could be prohibited from the market.”

The measures for rating companies’ credit are being drafted, and market-oriented third-part

y institutions and industry associations will be involved in the rating process, according to Lian.

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The China-US trade disputes have significantly influe

enced the renminbi’s performance, said Wang Shengzu, co-head of Investment Strategy Group Asia Goldman Sachs.

But the currency is unlikely to slip out of a reasonable range, assuming there is no big shock from the trade talks, Wang said.

As a sound base for a stable renminbi, “the Chinese economy has shown sig

ns of bouncing up, shown by the faster-than-expected growth of industrial output, ret

ail sales, and credit in the first quarter, and this means that economic activity is improving with supportive pol

icies”, said Wang.Liu Shiyu, China’s former top securities regulator, was under investigation for alleged violations of

the law, according to a statement Sunday from the Central Commission for Discipline Inspection.

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Huawei has more than 13,000 component and service su

uppliers worldwide. In November, it unveiled a list of its 92 core suppliers for the first ti

me. Thirty-three of them are from the US, including chip giants Qualcomm Inc and Intel Corp.

Wang Yanhui, secretary-general of the Mobile China Alliance, said, “Huawei has also been pre

paring for such a situation for some time and has hoarded chips to handle a worst-case scenario.”

The company became the world’s third-largest buyer of semiconductors last year.

China will definitely safeguard the legitimate rights and interests of its businesses, and Trump’s executive order is n

ot a “constructive and friendly” gesture, Foreign Ministry spokesman Lu Kang said on Thursday.

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With its key role in the national economy, the integrated dev

velopment of the region could play a vital part in leading regional growth, the statement said.

It noted that the elevation of the integrated development of the Yangtze River Delta t

o the status of a national strategy is a major decision adopted by the CPC Central Committee.

Authorities in the four provincial areas must enhance their awareness

of integrated development and boost their interaction and cooperation, it added.

The meeting also decided to start a thematic education campaign of Party member

s on the subject of remaining true to the Party’s original aspirations and keeping their mission firmly in mind.

It called for struggles against all problems that affect the Party’s purity and ad

vanced nature, and for efforts to make the Party even stronger, the statement said.

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Pam Marsden, head of production for Sony Pictures Anim

mation, also considers characterization as a crucial element to developing successful animated works.

The studio’s 2018 smash hit Spider-Man: Into the Spider-Verse won a string of awards, including the 91st Os

cars’ best animated feature, thanks to its unique look that combines computer animation and traditional hand-drawn techniques.

Speaking of developing a formula for making hit movies, Marsden says: “It begin

s with characters. If you can create a character that is beloved, charming and appealing, and touches the hearts of an audie

nce, you are well on your way to creating a successful animated movie that can cross all borders.”

If Hollywood’s experience leads it to focus primarily on the characters they create, Japanese director Hay

ato Date says he believes that voice-over dialogue is another important factor affecting the success of any animated work.

Best known for the manga-adapted animated TV series Naruto and Naruto: Shippuden, Date r

eveals that he has developed a particular method which gathers all the voice artists together to record the scenes.

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The Belt and Road Initiative is now running for a coupl

of years and has achieved success even in Europe, but it is not finished yet and it should be a win-wi

n situation for China and Europe. China is a very big market and an important global player.

China is Germany’s biggest trading partner, so I think there will be a good future for the two countries.

The Belt and Road Initiative has been a very successful integration proj

ect which is bringing China closer to the world. President Xi Jinping’s speech today is outli

ning that more and more countries can participate, share prosperity, as well as win-win results.

I think that the future will be bright and that especially t

he West needs to better understand what this Belt and Road Initia

tive means and why this shared prosperity can be created and benefit people across the world.aime Irachande Gouv

eia, coordinator of Belt and Road Initiative Research Center at University Eduardo Mondlane, Mozambiqu

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The market potential remains huge,” said Dai Bin, direct

or of the China Tourism Academy. “Compared to the United States, w

here 48 percent of its citizens hold a passport, the figure in China is only around 10 perce

nt. It’s estimated that the number of Chinese outbound travelers will reach 230 million in 2030.”

A report published by major Chinese travel agency Ctrip showed th

at 160 million Chinese people have travel plans during the upcoming four-day May Day hol

iday. Thailand, Japan, Vietnam, Taiwan and Indonesia are the top destinations outside the mainland.

Malaysia, which receives around 10 million Chinese tourists annually, began to i

ssue e-visas for Chinese in 2017. “The number of visa stickers on passports of Chinese na

tionals dropped by 70 percent in the first year after the service was introduced, showing its high popularity,” said Han.

Since last year, countries including Australia, New Zealand, Singapore, Turkey, Thailand and Sri Lanka have starte

d to accept visa application documents online and issue e-visas, either a bar code or QR code.

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The association on Wednesday made a report on th

pute, saying netizens supported the female customer in defending her rights and called for Mercedes-Benz to compensate her.

The report also questioned the legality of the financial s

ervice fee and called for stronger market supervision in the automobile industry.

It also urged auto-dealers to respect and protect consumers’ rights, sayin

g that dealers should deliver qualified products and issue invoices, receipts and other cert

ificates, strengthen employee training, and cooperate with investigations in the event of quality problems.

The woman on Tuesday night arrived at an agreement with the dealer, w

hich included a replacement car and full refund of the financial service fee.

The company also invited the customer to visit Mercedes-Benz’s factory and assem

bly line in Germany, offered her ten years of one-on-one, VIP service, and held a belated birthday party for her.

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His company also works with Universal Music Grou

up China to market vinyls for pop stars such as Jacky Cheung, Karen Mok and Faye Wong, aiming to popularize vinyls among young Chinese buyers.

Turntables are designed to appeal to a contemporary lifestyle that is simple and sustainable, Lin says.

His company opened a vinyl store, called 33-rpm, in Shenzhen on March 21

, and he has ambitious plans to have outlets in about 200 Chinese cities within the next two years.

“When you look at convenience, portability, and all those things,

vinyl doesn’t make sense,” he says. “But it is rooted in a passion or love for music. Some people

buy vinyls but they don’t necessarily listen to them. They’re collecting these things like works of art.”

A total of 700 Chinese sturgeons were released on Saturd

ay into the country’s longest river, the Yangtze River, to save the species from extinction.

The 700 captive-bred sturgeons, nicknamed “aquatic pan

das,” were released in the city of Yichang, Central China’s Hubei province, by the

Chinese Sturgeon Research Institute (CSRI) of the China Three Gorges Corporation.

The sturgeons released into the river will help boost the endangered species’ survival rate in the wild and en

hance their generic diversity, said Li Zhiyuan, deputy director of CSRI.Chinese sturgeons released into China’s longest river

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Revenues of China’s Internet companies up in Jan-Feb

China’s Internet companies saw combined revenues up 10 percent to 149.8

billion yuan ($22.34 billion) in the first two months of this year.

The pace was down by 10.4 percentage points from the same perio

d of last year, according to the Ministry of Industry and Information Technology.

Profits of Internet companies tracked by the ministry also expanded.

The companies spent 6.06 billion yuan into research and development, up 11.5 percent year on year.

Companies in East China saw revenues up 9.5 percent to 117.6 billion yuan, while those in Ce

ntral and western regions reported revenue growth of 19.4 percent and 18.6 percent respectively.

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