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One of the purposes of China opening up its capital acco

One of the purposes of China opening up its capital acco

ount is to effect上海品茶微信女神会所ively use international resources, improve Chinese enter-prises’ co

mpetitiveness in the global markets, adjust its economic structure and change its economic d

evelopment model from quantitative growth to innovation-led qualitative development.

Supply-side structural reform key to progress

China should also deepen its financial system reform and accelerate the opening up of its capital account, because only

by deepening the financial sector’s supply-side structural reform can it improve its financial services en

vironment, meet the financing needs of its real economy, and become a leader in the global financial sector.

Since the yuan’s internationalization is an irreversible trend, China should take meas

ures to make the yuan a major international currency, expand its international influence. On the

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Last month, the central government issued a guideline on

Last month, the central government issued a guideline on

promoting the application of e-buses, by supporting technology innovation, improving fiscal

and taxation policies, enhancing infrastructure construction, as well as reinforcing fund supervision.

“It is estimated that in the future, China’s e-bus market will transform to a more market-driven pattern, instead of policy-driv

en. The market will shift from an incremental market to a stock market, maintaining steady growth,” he said.

Bloomberg New Energy Finance estimates that EVs will attain price parity by the mid 2020s, as lithium battery pric

es have been falling. From 2010 to 2018, lithium battery prices dropped by over 85 percent, with an annual average decl

ine rate of 20 percent. And the decline, with the same rate, is estimated to continue for the next few years.

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“It’s quite unusual for FedEx to reroute all four par

“It’s quite unusual for FedEx to reroute all four par

cels by mistake. If they did, they will be held responsible for contract infringement,” sai

d Yin Shaocheng, an associate professor of law at Capital University of Economics and Business.

Huawei was among the Chinese tech companies recently entered on

to the US’ Entity List which bans US companies from selling components and software to them.

Vice-Minister of Commerce Wang Shouwen said there is no need to over-interpret the cas

e, since “foreign companies will be investigated when possible violations occur in accordance with Ch

inese laws”. Wang said China always protects the legitimate interests of foreign investors.

The strength of China’s economy is propelling its cities toward

s greater prominence on the global stage, a report has shown.

China is gaining ground on both Europe and North America as its impro

vement in performance and potential outpace those of Western cities, accordin

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he Malaysian king said his country is happy to see the

he Malaysian king said his country is happy to see the

fruitful bilateral ties over the past 45 years, as well as the deepened friendship between the two peoples. Malaysia looks forward to

sustained prosperity and development of the countries’ relations to benefit the two peoples, he said.

Premier Li Keqiang and Malaysian Prime Minister Mahathir Mohamad also exchanged con

gratulations on the Friday anniversary. They vowed to expand practical cooperation.Beijing opened its first

bicycle-only road at 7 am Friday morning, and our reporter Cao Zinan became one of the first cyclists to try it out.

Follow Cao in this video, and get a glimpse of the 6.5-kilometer-long bikeway in northern Beijing.

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Responding to a question on China’s considerations behin

Responding to a question on China’s considerations behin

 behind sending Wei to this year’s Shangri-La Dialogue, Wu said that China chooses the head of its delegation in accordance with the situation.

He added that China and the United States are in active talks on whether Wei will meet Patrick M. Sha

nahan, acting US secretary of defense, during the event and information on that will be published later.

Wei has been in Singapore since Tuesday and has met with leaders of the Singaporea

n government as part of his visit to the Southeast Asian nation, Singapore media reported.

Zhao Xiaozhuo, a senior researcher of international military relatio

ns at the PLA Academy of Military Science, said that the attendance of Wei, as the second part

icipation of a Chinese defense minister to the Shangri-La Dialogue, shows that China plac

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The strong earthquake was also felt in parts of Ecuador

The strong earthquake was also felt in parts of Ecuador

 FTSE Russell, a leading global multi-asset index, data and analytics provider, said Satur

day that it will add Chinese A shares to its widely-tracked global benchmarks next month.

The addition will be officially effective after the close of share markets on June 24.

According to the plan of FTSE Russell, this move marks the first stage of incorporatin

g Chinese shares into its indexes. In this stage, 1,097 Chinese stocks, or 20 percent of A shares, will be bro

ught into the indexes, drawing an expected $10 billion from passive investors.

FTSE Russell will add 40 percent of A shares to its indexes in September, and another 40 percent in March next year.

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Weaker economic growth puts at risk essential invest

Weaker economic growth puts at risk essential invest

ments in areas such as education, health, climate change adaptation and sustainable infrastructure.

The growth outlook in all major developed economies and most developin

g regions has weakened due to a confluence of both domestic and external factors, the report said.

Following an expansion of 3 percent in 2018, world gross product growth is now projected to moderat

e to 2.7 percent in 2019 and 2.9 percent in 2020, reflecting a downward revision from the forecasts released in January.

The report identifies several downside risks that could trigger a sharper or more prolonged growth slowdown, potentially infl

icting significant damage on development progress. Those risks include a further escalation in trade te

nsions, a sudden deterioration in financial conditions, and the accelerating effects of climate change.

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Digital tech applications creating jobs for women, engineer

Digital tech applications creating jobs for women, engineer

merging jobs related to the digital economy have been and are expected to continue gro

wing quickly in China as digital technology is applied in more fields, said a senior executive from LinkedIn.

New media operators, front-end development engineers, algori

thm engineers, user interface designers, and data analysts were the top five profes

sions with the fastest growing number of practitioners in China on the US-based professional networking site fro

m 2013 to 2017, said Lu Jian, president of LinkedIn China in an exclusive interview with China Daily.

“Digital economy, which has become part of the national strategy, is just unfolding in the country. It won’t surprise us if such jobs con

tinue to draw employees of both genders and in both urban and rural areas in the coming years,” Lu said.

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More nurses sought to treat elderly populationetition at a tra

More nurses sought to treat elderly populationetition at a tra

Health authorities will redouble their efforts to train nurses in eldercare as the proportion of older people in the pop

ulation expands and tens of millions of people struggle with disabilities, a senior health official said on Wednesday.

Jiao Yahui, deputy chief of medical administration and supervision at the National He

alth Commission, said there are not enough nurses to cope with the growing needs of the country’s elderly.

A regulation on the training of healthcare workers and standards of service is being drafted. It i

s expected to boost the number of nurse’s aides, Jiao said ahead of International Nurses Day on Sunday.

The nurse’s aides will complement the work of full-fledged nurses to meet the demand for services for the elderly, she said.

The number of registered nurses in China topped 4 million as of the end of last year. Nearly 70 perc

ent held a junior college degree or above, accounting for almost half of all healthcare professionals, she said.

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Not only are there missing links on the causality chai

Not only are there missing links on the causality chai

 between long-term structural factors and actual economic performance, it is also unclear how long those factors would take to constrain GDP growth to a part

cular level. In fact, 20 years ago, the same long-term factors were used to warn of a possible fall in Chinese GDP growth.

Because of the complexity of China’s growth trajectory, many economists seem to base their assessments of potenti

al on performance. After every drop in China’s GDP growth since the second quarter of 2012-when growth fell be

low 8 percent-economists have emerged to declare that performance was in line with potential.

Difficult to determine potential growth rate

To be sure, there are various estimates of China’s potential growth rate, ranging from 5 perc

ent to 8 percent. But it is difficult to determine which is reliable. For one thing, there is reason to believe that

most estimates fail to discount cyclical factors adequately when calculating the long-term trend.

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