t area in North China, to conduct pilot reforms in its energy industry and take the lead in the whole country in areas suc h as promoting clean and low-carbon energy use and enhancing innovation in energy technologies, it said. Efforts should be stepped up to build a higher-level, higher-quality food s ecurity system that is more efficient and more sustainable to guarantee the nation’s grain reserves, the statement saidThe head of the US-China Business Council, whose members include major US chip makers that are suppliers to Huawei Technologies Co Ltd, said that the ban on the Chinese telecom giant would come at a coRead More →

ood jobs in areas that are poor, where good jobs are needed,” he said. “We should celebrate that advancement of econ omic opportunity in the United States. And similarly, we should expand US investment in China.” US goods exports to China declined by 7 percent in 2018, as trade disputes between the two economies began to bite, but still outpaced growth in exports to the rest of the world over the past decade, ac cording to the 2019 State Export Report released earlier this month by the US-China Business Council. The report said China continued to be important to US economic growth, supporting more thanRead More →

ed by 8.4 percentage points, as the global financial crisis caused demands to fall drastically. It i s possible that the Sino-US trade dispute could have a similar impact on the job market. So the government should implement an expansionary macroeconomic policy to create a loose em ployment environment and better implement social security measures to cope with frictional u nemployment and the structural employment problem of college graduates. To offset the possible negative impact of the Sino-US trade dispute on college graduates’ employment, the government sho uld also expand post-graduate enrollment, increase internships for unemployed college graduates and imp lement favorable policies to easeRead More →

ears to be stabilizing on the back of recently enhanced supportive measures. The report expanded the number of countries it scrutinizes for curr ency manipulation to 21 from 12. Countries with a current account surplus with the US e quivalent to 2 percent of GDP were put on the watch list, compared with 3 percent of GDP before. China didn’t meet the “currency manipulator” criteria listed by the US Treasury, but Washi ngton will continue assessing the RMB’s performance given China’s large trade surplus with the US, the report said. The US Treasury removed India from the watch list, while it added Singapore, Malaysia andRead More →

On May 22, on her own program, The Point With Liu Xin, Liu a top anchor on the English-languag e channel of CGTN, said the $600 billion figure is an estimate by a nonprofit organization that had not been verified. Liu said it refers to the US’ possible IP loss to the world in a year, according to the organization’s report, China Daily reported. She said Regan’s points were “all emotion” with “little substance”. Regan responded on Twitter: “Hey #China State TV – let’s have an HONEST debate on #trade. You accuse me of being ’emotional’ and not knowing my facts – wrong! You nameRead More →

The Beijing municipal government plans to invest at least 30 billion yuan by 2022 to build 5G networks, according to a 5G devel opment plan released in January. In Beijing’s road map for 5G development from 2019 to 2022, the municipal gov ernment has set a goal to develop its 5G-related industry to realize an income of 200 billion yuan by 2022. The city said it hopes that by 2022, Beijing-based scientific research units and enterprises can be a key contributor to global 5G technical standards, acc ounting for more than 5 percent of all primary and essential international 5G patents. Huang Jianjun, vice-president ofRead More →

ures market will help foreign investors optimize their renminbi-denominated asset portfolios as they can inc orporate investment targets of a wider variety, said Wang Tingting, an associate pro fessor of finance with the Central University of Finance and Economics in Beijing. “Moreover, as foreign investors’ trading helps boost liquidity in the domestic market and makes the price changes mor e consistent with international trends, domestic market participants can also better hedge against risks,” he said. Experts also expect China to open up the stock index futures market to foreign invest ors, as they have large exposure in the A-share market and are therefore in needRead More →

 on May 20 in Ganzhou, Jiangxi province, during a three-day inspection tour. Xi learned about the rare-earth industry’s development in Ganzhou, a major producer of rare-earth resources and products in China. During the seven trading days from May 20 to Tuesday, the A-share listed company hit the 10 percent da ily upside limit six times, with its share price rising by 90 percent after closing on Tuesday. xperienced climbers and guides called for alpinists without adequate training to think tw ice before taking on the world’s highest peak, especially during a crowded climbing season. As of Tuesday, the death toll of climbers attempting to reachRead More →

nt are broadly in line with expectations. Although pro-European Union parties have won a majori ty of the seats, the EP is more fragmented than before with traditional center-right and center-left par ties losing seats to Liberals and Greens, and Euroskeptic parties increasing their vote share. This is likely to make it more difficult for the EU to agree new trade deals and choose new leaders for EU institutions. The heads of government of EU states met on Tuesday to discuss who will fill the top jobs. The new EP and the EU leadership face a difficult international environment, especially on th e trade front.Read 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 →