President Xi Jinping’s upcoming visit to Russia reflects close cooperation between China and Russia, which is important to maintain the stability of the international community amid rising uncertainties, analysts said. Xi will make a state visit to Russia from June 5 to 7 and attend the 23rd St. Petersburg International Economic Forum, Foreign Ministry spokesman Lu Kang announced on Wednesday. The trip is part of the annual exchange of visits between the two countries’ heads of state, after Russian President Vladimir Putin attended the Second Belt and Road Fo rum for International Cooperation in Beijing in April and had talks with Xi on the sidelines.Read More →

It is important that we come to an agreement over time that addresses the problems that we have identified. And the sooner the better,” Allen said. He said the council had opposed the use of tariffs from the very beginning and hop ed a “mutually acceptable and supportive” agreement could be reached in the near term. “But, currently, we are moving away from that agreement. We want to get back to moving toward a n agreement so that our two economies can begin to interact with each other in a more normal manner,” he said. Allen, who was in Lexington, Kentucky, last week for theRead More →

ss to US suppliers “will do significant economic harm to the US companies” and affect “tens of thousands of US jobs”. In total, US firm s sold an estimated $11 billion worth of components to Huawei last year, according to earlier media reports. “I’m not able to tell you exactly what the costs will be; it differs from company to company,” said Allen. “But clearly, from a corporate perspective, this Department of Commerce action has created costs and has escalated the uncertainty quite a bit.” Asked to comment on some voices in the US calling for the “decoupling” of the two countries, especially in theRead More →

Two television anchorwomen — one from China and one from the US — will debate two sides of the long-running trade dispute between the two countries. Liu Xin, a mainstay of the China Global Television Network, and Trish Regan, a former CNBC busi ness correspondent who now hosts her own show on the Fox Business Network, will have at it over i ssues such as tariffs and technology Wednesday at 8 pm EDT in the US and simultaneously at 8 am Thursday in China. The discourse will take place via satellite, as Liu will be in CGTN’s studio in Beijing, while Regan will be atRead More →

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 on China’s imports triggered financial market volatility, and this also affected the offshore RMB. The currency’s depreciation was purely caused by market forces, a d China has never taken any measures to deliberately devalue the currency to make its exports more attractive, said Guo, who is also head of the China Banking and Insurance Regulatory Commission. According to Guo, the short-term fluctuation of the RMBRead More →

 live and work, but also accelerate China’s social digital transformation as well as build key competence amid the uphill battle in the global industry,” Huang said. “There are huge investment opportunities for 5G industries, including materials, chips, main equipment suppliers, base stations, antenna, cloud computing, internet of vehicles and the internet of things,” Hu ang said. “5G will bring historic opportunities for China’s economic and social development.” A new 5G research institute has also been established in Yizhuang, Beijing on Wednesday. According to a new report by Global System for Mobile Communications Associ ation, China is set to become the largest 5G market in theRead More →

form and opening-up drive, and said the country’s success has not only brought changes to itself, but als o has profound and positive influence on the world. Vanuatu firmly honors the one-China policy and supports the Chinese government in its efforts to realize peaceful national reunification, he added. oreign investors may get access to more onshore commodity contracts  China will give foreign investors more access to its commodity futures market as part of it s continuing efforts to strengthen the real economy, the top securities regulator said on Tuesday. The move will benefit both overseas and domestic market participants, and the opening-up of the stockRead More →

eign exchange reserves at $3.095 trillion at the end of April. The reserve amount was stable, altho ugh it slightly retreated from $3.098 trillion at the end of March, according to the State Administration of Foreign Exchange. Li Yang, director of the National Institution for Finance and Development of the Chinese Academy of Social Sciences, said that China is unlikely to sacrifice foreign exchange reserves to de fend its currency, even if depreciation pressure rises amid any escalation in trade tension. In May, the offshore RMB exchange rate against the US dollar dropped more than 3 percen t under market pressure as global investors worriedRead More →

heir Sherpa guides had taught them how to maintain healthy blood circulation and remain safe in crowded conditions, she said. This spring, 144 foreign and 12 Chinese climbers have also attempted to con quer Qomolangma from Tibet, according to the Tibet Mountaineering Association. “D espite having a smaller number of climbers, traffic jams also happened on the Tibetan side,” Ma said. “Crowds are usual on some mountains. It’s not a new phenomenon. Climbers often lose their live s when they don’t follow the instructions of Sherpa guides and make decisions on their own,” Kami Ri ta, an experienced Sherpa who has reached Qomolangma’s summit 24Read More →

 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 notRead More →