Over 80 percent believed internship experience on the

e mainland will improve their competitiveness, and most expected to learn more of the vocational culture and work environment. The HKUYA Student Exchange Network, an organization unde r the Hong Kong United Youth Association, launched this year’s summer internship program on Wednesday. More than 200 Hong Kong college students will go to Beijing, Shanghai, Harbin and Dalian to take part in a six-week program. They will work in government organs, State-owned enterprises, cultural and business institutions. Stanley Choi Tak Shing, honorary chairman of the student exchange network, said he hoped students would learn more about the country’s development through the …

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Multiple channels needed to keep job market healthy

The Chinese government has accorded priority to achieving stable and expanding employment among its six stabilization tasks. The importance of stable employment has also been highligh ted in this year’s Government Work Report. And the State Council, China’s Cabinet, recently established the Emp loyment Work Leading Group headed by Vice-Premier Hu Chunhua to deal with employment issues. The government is making special efforts to stabilize and expand employment, especially be cause of the intensifying Sino-US trade dispute and the increasing uncertainties in international trade. The China Institute for Employment Research of Renmin University of China has calculated the employment market …

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ang said by the end of this year, 5G network construc

The Beijing municipal government plans to invest at least 30 billion yuan by 2022 to build 5G networks, according to a 5G devel opment plan released in January. In Beijing’s road map for 5G development from 2019 to 2022, the municipal gov ernment has set a goal to develop its 5G-related industry to realize an income of 200 billion yuan by 2022. The city said it hopes that by 2022, Beijing-based scientific research units and enterprises can be a key contributor to global 5G technical standards, acc ounting for more than 5 percent of all primary and essential international 5G …

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Wu Hongwei, a researcher of China-Russia relation

s at the Chinese Academy of Social Sciences, said bilateral cooperation plays a prominent role in guaranteeing world peace and security at a time when the global situation is clouded by tensions and turmoil. The two countries share the same position in promoting a more stable and multipolar world, Wu said, adding that they ha ve sent such signals through supporting and coordinating with each other on international occasions. China would rather rely on market-oriented forces to determine the renminbi’s value than defend its currency by di pping into its $3 trillion foreign exchange reserves amid trade disagreements, analysts said. …

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The country will allow overseas investors to trade more

types of onshore commodity futures contracts without registering a Chinese entity, and will continuously improve the relate d rules, Lu Dongsheng, an official with the China Securities Regulatory Commission, told a forum on Tuesday Lu also announced other measures to develop China’s commodity fut ures market, such as accelerating the launch of ricThe Shanghai Futures Exchange will open up its nonferrous metals futures contracts to foreign investors, Jiang Yan, Party secretary of the exchange, said at the s ame forum. The bourGuo Shuqing, head of the China Banking and Insurance Regulatory Commissiose will also list a n ew type of …

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Accelerating the opening up of China’s commodity futu

ures market will help foreign investors optimize their renminbi-denominated asset portfolios as they can inc orporate investment targets of a wider variety, said Wang Tingting, an associate pro fessor of finance with the Central University of Finance and Economics in Beijing. “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 market to foreign invest ors, as they have large exposure in the A-share market …

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China you picked the wrong fight!” Regan tweeted on

On May 22, on her own program, The Point With Liu Xin, Liu a top anchor on the English-languag e channel of CGTN, said the $600 billion figure is an estimate by a nonprofit organization that had not been verified. Liu said it refers to the US’ possible IP loss to the world in a year, according to the organization’s report, China Daily reported. She said Regan’s points were “all emotion” with “little substance”. Regan responded on Twitter: “Hey #China State TV – let’s have an HONEST debate on #trade. You accuse me of being ’emotional’ and not knowing my …

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The currency’s depreciation was purely caused by mark

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 …

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he May report summarized that China’s growth appear

ears to be stabilizing on the back of recently enhanced supportive measures. The report expanded the number of countries it scrutinizes for curr ency manipulation to 21 from 12. Countries with a current account surplus with the US e quivalent to 2 percent of GDP were put on the watch list, compared with 3 percent of GDP before. China didn’t meet the “currency manipulator” criteria listed by the US Treasury, but Washi ngton will continue assessing the RMB’s performance given China’s large trade surplus with the US, the report said. The US Treasury removed India from the watch list, while …

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President Xi Jinping visited the JL MAG rare-earth Co

 on May 20 in Ganzhou, Jiangxi province, during a three-day inspection tour. Xi learned about the rare-earth industry’s development in Ganzhou, a major producer of rare-earth resources and products in China. During the seven trading days from May 20 to Tuesday, the A-share listed company hit the 10 percent da ily upside limit six times, with its share price rising by 90 percent after closing on Tuesday. xperienced climbers and guides called for alpinists without adequate training to think tw ice before taking on the world’s highest peak, especially during a crowded climbing season. As of Tuesday, the death toll …

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