Month: May 2019
urity”, signed an executive order on May 15 that led the US Department of Commerce to put Huawei and its affilia
tes on an Entity List, which would restrict the sale or transfer of US technologies to the company.
Craig Allen, president of the council, said many of its members are suppliers to Huaw
ei, and all of them have been impacted by the Department of Commerce’s move.
Founded in 1973, the council represents around 200 US companie
s doing business with China, including Apple and Microsoft. It also includes chipmakers Inte
l and Qualcomm, which have said they would stop offering supplies to Huawei until further notice.
The members will follow US law, but there is a cost associated with that, Allen told China Daily.
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 than 1.1 million jobs.
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 said market-oriented depreciation pressure was losing steam.
Yi Gang, the central bank governor, has said several times that the PBOC has ceased
direct intervention in foreign exchange markets, and the performance of RMB is address
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 management center, was also given a serious warning and dismissed.
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 her show two weeks ago, when she said th
at US tariffs were a “necessary response” to China “stealing” billions worth of intellectual property a year.
l kindergarten had used to ask children whether they were involved in gangs went viral on the internet. The local educa
tional bureau said that the research was meant to stop bullies in kindergartens instead of finding gangster members.
A number of regions in China, including Qiannan Buyi and Miao autonomous prefecture in Guizhou, Guangzhou city in Gu
angdong, and the cities of Chizhou and Anqing in Anhui, have decided to reschedule their dragon boat races so as to pr
ovide a quiet environment for gaokaotakers, news portal thepaper.cn reported.
Some places, such as the city of Yueqing in Zhejiang, have banned holding such activities during the gaokao, said the report.
The gaokao, or the national college entrance exam, will take place
on June 7 and 8 this year, coinciding with the Duanwu Festival (aka Dragon Boat F
estival) holiday, when traditionally dragon boat races are held in celebration of the festival.
The RMB’s daily trading reference, or the central parity for onshore trading, has been stabilized ar
ound 6.89 per dollar for eight days from May 20, and market watchers said market-oriented depreciation pressure was losing steam.
Yi Gang, the central bank governor, has said several times that the PBOC has ceased dir
ect intervention in foreign exchange markets, and the performance of RMB is addressed mainly by market forces.
General Wei Fenghe, China’s defense minister, will attend the coming Shangri-La Dialogue set to
open on Friday in Singapore according to Senior Colonel Wu Qian, spokesman for the Defense Ministry.
Wei’s attendance will be the second time China has sent its defense mini
ster to the international security forum held by the London-based think tank International Insti
tute for Strategic Studies. The first time was in 2011, when General Liang Guanglie took part and delivered a speech.
ocuments including a guideline on innovation and improving macro-regulation
, as well as a guideline on strengthening opening-up and cooperation in innovation capacity.
The meeting called for taking the supply-side structural reform as the main task, making coordinated efforts to stabilize economic
growth, promoting reforms, readjusting the economic structure, improving people’s livelihoods, pr
eventing risks, and ensuring social stability, according to a statement issued after the meeting.
The strategic guiding role of national development planning should be leveraged to improve coordination mec
hanisms for economic policies such as finance, currency, employment, industry, and regional development to en
sure the nation’s economic development stays within a reasonable range, the statement said.
and scope of influence in developing relations with Pacific island cou
ntries, and will be good friends and partners trusted by them forever, Xi said on Tue
sday. Xi made the remarks while meeting with visiting Vanuatu Prime Minister Charlot Salwai in Beijing. The Chi
na-Vanuatu relationship has become a good example of relations between China and Pacific island countries, Xi s
aid, adding political mutual trust between the two countries keeps d
eepening and exchanges and cooperation in various fields continue to expand.
Xi said the country appreciates Vanuatu resolutely adhering to the one-C
hina policy, and supports it independently choosing the development path that suits its
national conditions. Xi called for strengthening the alignment of the development strategy of the Pacific island cou
ntry with the BRI and tapping potential for bilateral pragmatic cooperation.
ed to scale the summit from the Nepali side on May 22 and 23. As a result, crowded conditions form