In May and June, the ave娱乐地图hly deficit on forex set

 settlement and sales by banks stood at $6.6 billion, down 44 percent from H2 2018, SAFE data showed.

The reading indicated a relatively good supply-demand situation of the forex market, while monthly fluctuations refl娱乐地图

ected the overall stability of market expectations and the market-oriented adjustment of prices, Wang said.

娱乐地图女神会所According to Wang, China’s forex market showed stable sentiment amid trade frictions with the US and the exchanges bet

ween Chinese and American companies are still very close, which is playing a positive role.

“We are confident to cope with the changing situation and maintain the stability of cross-border capital flows in China,” Wang said.娱乐地图女神会所

A national bankruptcy mechanism is under discussion by policymakers, covering local gover

娱乐地图nments and enterprises, to prevent systemic financial risks, said a senior official with the central bank.

“The key task is to prevent debt default risk,” said Wan Cunzhi, director-general of the PBOC’s Credit Information System Bu

reau, at a news conference on Thursday. He said the mechanism will include inde

bted local governments, while market-oriented measures will be introduced to ease their debt burden.娱乐地图女神会所

Bankruptcy of local governments was rarely mentioned in China before, and the official didn’t re

娱乐地图lease more details on the mechanism. It reflected that policymakers have noticed the potential challe

nges and more measures are expected to strengthen financial stability, analysts said. Total local government deb

t reached 19.9 trillion yuan ($2.89 trillion) by May, according to the Ministry of Finance.娱乐地图女神会所

The State Council released a guideline on Tuesday for building a credit-based market regulation system. The bankruptcy mechanism is one part of the who

娱乐地图le system. Besides local government, individuals and enterprises will also be regulated.

Companies with bad credit records will receive serious punishment

, said Lian Weiliang, deputy head of the National Development and Reform Com娱乐地图女神会所

mission. “For the worst scenario, the companies could be prohibited from the market.”

The measures for rating companies’ credit are being drafted, and market-oriented third-part

y institutions and industry associations will be involved in the rating process, according to Lian.

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As a result, it is paramount to use new technologies and

international cooperation to jointly tackle these natural disaster risks, protect ecological security and achieve sustainable development,” Bai said.

The academy will continue to collaborate with foreign partners to create new platform

s and mechanisms to improve disaster management and ecological protection, he added.

Mami Mizutori, head of the UN Office for Disaster Risk Reduction, said in a video speech that th

e scale and reach of the world’s largest infrastructure initiative will impact billions of people and reshape the ph

ysical world, and countries should be mindful of these projects’ impact on the environment and inhabitants.

“It is encouraging that the government of China is taking proac­tive measures to ensu

re that the development of the Belt and Road Initiative is risk-informed and sustainable,” she added.

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Meanwhile, China is willing to jointly promote the mo

nitoring and evaluation of Arctic climate and environmental changes, develop platforms for po

lar scientific research, and promote the sharing of Arctic observation data and international work pr

ojects, Wang said during the Arctic Circle China Forum in Shanghai on Friday.

“We look forward to working with other countries to smooth the economic channel that conn

ects the European and American continents through the Arctic Ocean and jointly create a ‘Polar Silk Roa

d’ to facilitate connectivity and sustainable economic and social development of the Arctic,” he said.

Wang said that Arctic affairs, especially those regarding climate c

hange, environmental protection, scientific research and the use of waterways, are closel

y related to the well-being of people living in the polar region and the survival and development of all humankind.

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hina to improve online government servicesintegrated

China will speed up building an integrated platform for e-government servi

ces to offer easier access to the online services, according to the Ministry of Justice.

The building of the integrated platform aims to standardize go

vernment services nationwide, according to an official with the ministry.

The country will facilitate information sharing among regions and departments at various levels, the official said.

A system will be set up to enable enterprises and individuals to evaluate the government services they received, accord

ing to the official, who added that efforts will be made to ensure the smooth operation of the integrated platform.

In April, China’s State Council made public a decree on online government services to prompt the integrated platform building.

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Baidu came under fire in 2016 when Wei Zexi, a 21-year

old student from Xidian University in Shaanxi province, died from a rare cancer of the soft tissue. Wei was re

searching the disease on Baidu and came across an advertisement for treatments that proved ineffective.

After Wei’s death, Baidu announced a sweeping restructuring and optimization of its medical business, especially regardi

ng its paid listing practices. It also tightened regulations on medical promotion and enforced clear labeling rul

es that differentiate advertisements from credible medical information, according to media reports.

However, medical advertising remains one of the key sources of income for Baidu, and some are still trying to exploit the s

ystem. In April, the police in Shenzhen, Guangdong province, detained a team of medical fraudsters who drove up r

ankings on Baidu’s research results to promote faulty hospitals to patients, local authorities said.

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Cambodia is working with China to launch our first

 satellite in 2021, so the (Cambodian) government hoped that someone could learn something abo

ut spacecraft. But there is no school in Cambodia that teaches such a thing. So here I am,” Chea said.

China has signed an agreement with Cambodia to develop, make and launch the Southeastern Asian nation’s first sat

ellite in the next few years. The satellite, Techo 1, will be used for communications.

Moreno Pena, on the other hand, has 11 years’ experience at the Bolivarian Agency for Space Activities, Venezuela’s sp

ace organization, as an electrical engineer and chief of the spacecraft operation unit.

This is the second time he has come to China as a student. The first time w

as in 2007, when he was selected to take part in satellite application training in Beijing.

He said he came to China this time hoping to expan

d his knowhow on spacecraft and learn how to design and build satellites.

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More than 670,000 arrivals and departures will be m

e on average each day via the three ports of Luohu, Futian and Huanggang, which connect the Chinese mainland and Hong K

ong, as well as at West Kowloon Station of the Guangzhou-Shenzhen-Hong Kong Express Rail Link, the NIA predicted.

It expects that the Gongbei Port linking the mainland and Maca

o will see an average of 435,000 inbound and outbound trips each day.

The NIA has called on border check agencies to release timel

y information of the passenger flow and ensure safe and orderly trips for tourists.

The NIA also recommended that passeng

ers check their travel documents in advance and avoid traveling at rush periods if possible.

ashlt.cn

Chinese-Bridge Proficiency Competition takes place in Namibia

The Confucius Institute at the University of Namibia (UNAM) Tuesday held the 18th Chin

ese-Bridge Proficiency Competition for college students in the capital Windhoek.

The annual Chinese language and culture proficiency competition this year saw 10 students take part in the Namibia leg.

The competition was split into three categories, namely free speeches, question and answer segment as well as the talent show.

At the event, 4th-year student Hileni Eelu at UNAM’s Hifekunye Pohamba Campus, situated in

northern Namibia, emerged as the winner and will represent the country in the finals in China.

Speaking at the event, UNAM’s Pro-Vice Chancellor Ellen Namhila, said the competition is o

f importance since the relationship between China and Namibia is growing in “leaps and bounds”.

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With a length of 6.8 kilometers and a width of 46 meters

the two-way eight-lane tunnel will be the largest and widest in the worl

d upon completion. Its tunnel will be 1.2 meters longer and two lanes wider than the HZMB.

Yang said the immersed tunnel used the steel shell tube, the first of its kind in China, and there were many other new struct

ures and technologies, which brought lots of challenges, such as lack of technical standards in the country.

He said the tunnel will have 32 tubes and each tube will have about 10,000 tons of steel, 165 met

ers long and with a displacement of about 80,000 tons. Each tube has more than 2,500 separate chambers.

After tubes are built in factory, they are floated to th

e construction site, and the most difficult process is to sink and connect, Yan

g said. His company has invited experts to deliberate in rounds on the cement pouring, sealing and connection.

The Shenzhen-Zhongshan Bridge is another important infrastructure project of the country’s 13th Five-Year Plan (2016-2020).

The construction started on Dec 29, 2016. It is expected to put into operation in 2024.

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On Saturday, the Standing Committee of the Communist Party of

 Party of China Jiangsu Provincial Committee, the province’s top leadership, held a meeting on measures to be taken.

Lou Qinjian, Party chief of Jiangsu, said at the meeting that the province should learn the “bloody lesson” and “retrospect from the soul”.

The incident is the result of poor implementation of the responsibility syst

em for production safety, as well as bureaucracy and formalis

m in supervision, according to a statement released after the meeting.

Jiangsu immediate launched safety inspections on chemical production, transportation and storage facilities after the incident. Operations will be suspen

ded once any safety hazard is spotted. If a company fails to eliminate the hazards in a specified time, it will be shu

t down. Those who are responsible for rectification work will be held accountable for life, the statement said.

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