Monthly Archives: May 2019

The strategic guiding role of national development plannin

ng should be leveraged to improve coordination mechanisms for economic policies such as finance, currency, employment, industry, and regional develop ment to ensure the nation’s economic development stays within a reasonable range, the statement said. The meeting highlighted the importance … Continue reading

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Development of huge shale oil field goes full steam

This year, PetroChina’s Xinjiang Oilfield Company has been fully develop ing the Jimsar shale oil field, which boasts 1 billion tons of shale oil reserves, Xinhua reported. The company has mobilized 36 drilling rigs, started drilling on 47 wells and … Continue reading

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Local government authorities said the races may disturb g

 Chen Xiang, head of the sports bureau of Qiannan prefecture in Guizhou, t old the thepaper.cn. It was agreed after meetings with education authorities and parents of stud ents that the large crowd gathered during dragon boat races will create … Continue reading

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In May, the offshore RMB exchange rate against the US do

dollar dropped more than 3 percent under market pressure as global investors worried about the escalation of trade friction. Guo Shuqing, Party secretary of the People’s Bank of China, the central bank, said on Monda y that higher US tariffs … Continue reading

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At present, 5G has become the driving force to boost Ch

hina’s innovative and high-quality development,” Sui Zhenjiang, vice-mayor of Beijing, said on Wedne sday during a 5G industrial development and investment summit held in Yizhuang, in southeastern Beijing. “Beijing is actively transforming itself as a national scientific and tech nological … Continue reading

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RMB’s value determined by market forcesce forex rese

Beijing will not sacrifice forex reserves to defend its currency, analysts say China would rather rely on market-oriented forces to determine the renminbi’s value than defend its currency by d ipping into its $3 trillion foreign exchange reserves amid trade … Continue reading

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Ameesha Chauhan, who is in a hospital in Kathmandu

andu recovering from frostbite she contracted during crowded conditions, told AFP that cli mbers without basic skills should be barred to prevent a recurrence of this year’s deadly season. The 29-year-old Indian had to wait 20 minutes to come down … Continue reading

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Nearly three years after the United Kingdom voted by per

rcent to 48 percent to leave the EU, it remains a member and its politicians are still argui ng over how, when or even whether the country will leave the club it joined in 1973. May quit on Friday, saying … Continue reading

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So far EU ministers have only agreed a modest mandat

 to discuss reductions in tariffs in industrial goods and to seek agreement on conformity assessments. EU Trade Commissioner Cecilia Malmstrom is opp osed to any quota agreement on cars and has lambasted the national security excuse put forward by the … Continue reading

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The huge domestic consumer market in China will dige

est most of the unsalable exports, and many of China’s exports will also shift to other foreign markets. The US will continu e to purchase China-made goods if there are no substitutes, but US consumers will need to pay more, … Continue reading

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