Month: May 2019
this year was 1.68, down from 1.91 in the first quarter of 2018. Although the figure was above 1, the balance line, it was the first decline since the beginning of 2018.
About 8.34 million new college graduates and 2 million migrant workers are expected to enter the job market this year. Added to the list of job seekers woul
d be those who lose their jobs because of the industrial structural transformation and special type of job see
kers such as veterans. This means at least 12 million urban jobs have to be created this year.
Still, the employment pressure this year is not overbearing for two re
asons. First, the number of job seekers has not increased considerably from last year.
In fact, the number and ratio of China’s working-age people have both d
eclined for the seventh consecutive year. Over the past seven years, China’s working-age
China, with related hashtags getting more than 150 million views on Weibo.
Eunice Yoon, Beijing bureau chief and Inside China host at CNBC Interna
tional, tweeted to Regan that 120 million people viewed a Chinese hashtag that she tran
slated to: “Fox News female anchor challenges debate after being accused by CCTV for being emotional”.
Yoon, incidentally, was a former classmate of Regan’s at Phillips Exeter Academy, a prep school in New Hampshire.
“Seeing the kind of reaction online, I want to say, it’s important for us to have a meaningfu
l discussion to try to understand each other better. I appreciate the opportunity,” Liu wrote on May 24.
Liu has been working at CCTV since 1997, after graduating from Nanjing University’s English studies program.
orwomen “friendly, meaningful talks. Both agreed: trade war is bad! (For Trish, that’s a change of hea
rt, since she had tried to justify the US trade war against China.)”, it said on its Twitter account.
A Twitter user, Ryan Bryant @RayCaiYan, said in a reply to Regan’s tweet, “That was not even a DEBATE, more like a Q&A session
. I thought Trish could leverage some of Liu’s answers to discuss the issues further, but sadly she couldn’t.”
FionaXu tweeted: The American hostess is talking about free market. Tell me how American
market is “free” under Trump’s government? You mean protectionism equals free market???”
Jon Taylor, a professor of political science of the University of St. Thomas in Houston, said that while they pretty muc
h disagreed on everything, it offered US viewers the chance to actually hear the Chinese side of the issues.
lear that if the US treats the Chinese negotiating team with respect and shows the willingness to talk wit
hout using outside pressure, there is a high possibility that there could be a productive trade deal.
“Otherwise, I think we might be facing a prolonged period of problems for both sides,” she said.
Regan, at the close of their 15-minute talk, said again, “No one wan
ts trade wars. But we have to think long hard about the right next steps.”
Liu, however, did counter an assertion by Regan that China’s government controls its entire economy.
“Everybody thinks that China’s economy is state-owned, state-controlled, every
thing is state, state, state. Let me tell you that is not the true picture,” Liu said. “We are a
“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 mark
et to foreign investors, as they have large exposure in t
he A-share market and are therefore in need of this risk management tool.
Foreign investors’ access to onshore stock index futures is an “infrastructure” for fin
ancial market opening-up, without which foreign investors’ passion for Chinese shares may be dampened, said Wa
ng Maobin, investment department chair at the University of International Business and Economics in Beijing.
At least four deaths have been blamed on crowding during the climbs, Agence France-Presse reported.
People should be well prepared to handle Qomolangma’s traffic jams which are common phenomena along climbing paths, said alpinists who had reached the summit.
“Although the news about the jam on Qomolangma this year has gone viral, people should understand that it happens every year during the brief cl
imbing window. Knowing what to do when climbers jam the narrow paths should be incl
uded in their training well in advance,” said Ma Liyamu, who reached the top of Qomolangma, the world’s ta
llest mountain at 8,848 meters, on May 22 and was also held up by the crowds on her descent.
She is the leader of a mountaineering team of three Chinese women w
ho scaled Qomolangma. They launched their expedition from Nepal, which issued 381 cli
mbing permits for the season that concludes this week. Nepal’s permits this season cost $11,000 each.
servatives to choose a new leader to campaign on a “no-deal” Brexit. But
this has little or no chance of being accepted by the British parliament, which means the B
rexit stalemate will continue until there is a general election or a second referendum. In any case, the normally pr
ofree trade voice of the UK will be reduced in the new European Parliament.
Beijing‘s first bikeway, which connects Huilongguan in Changping district and Shangdi in
Haidian district for cyclists, has finished the colored pavement and is about to open this week.
The bicycle-only road has a maximum speed of no more than 15 kilom
eters per hour and is forbidden to entry by pedestrians, electric bicycles and other vehi
cles, according to traffic rules on the bikeway released by the Beijing Municipal Commission of Transport.
e technologies that it enables, are harnessed for the benefit of mankind while minimizing the risks to devel
opment, peace and security and human rights,” Guterres said in a congratulatory letter to the expo.
Miao Wei, minister of industry and information technology, said China has already made sig
nificant progress in bolstering the big data industry with a string of big data platforms established in sect
ors such as manufacturing, commerce, finance, transportation and medical care.
“We will make a fresh push to integrate cutting-edge information technologies into the re
al economy, including establishing a national industrial data center, to better power the country’s sp
rawling manufacturing sector,” Miao said at the opening ceremony of the big data expo.
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 it was a matter of deep regret that she had been unable to deliver Brexit and
arguing that the decision of the 2016 referendum should be honoured. That opened up a period of furt
her uncertainty as the Conservatives decide on who will take over as party leader and prime minister.
BBC projections put the Conservatives on around 10 to 12 percent, down fr
om 23 percent in 2014, likely to be one of the party’s worst results in a nationwide election ever.
The Brexit Party was in first place, and was likely to do better than
the UK Independence Party did in 2014, according to BBC projections.
roductivity in the service sector, which is an important thing that China is focusing on to stabilize economic growth,” Zhu said.