No evidence was found to show Chinese monetary

 authority intervention in foreign exchange markets over the past se veral months, according to the US Treasury’s semiannual foreign-exchange report to Congress. The May report summarized that China’s growth appears to be stabilizing on the back of recently enhanced supportive measures. The report expanded the number of countries it scrutinizes for curre ncy manipulation to […]

In a statement on May 16, Huawei said that losing acce

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; […]

to see that with the right structure, we can get tons of be

Lu Yong, vice-president of Huawei Technologies Co, said China’s d igital economy has thrived on the basis that China has built the world’s largest 4G network. “5G is not just a faster 4G. It will fundamentally reshape how enterprises run busine sses and overhaul a wide range of industries by using data to create more […]

Pompeo said in an interview with CNBC that, “We’ve been

working at the State Department to make sure that everyone understands the risks.” “Recently, some US politicians have repeatedly made rumors about Huawei but canno t provide any evidence that other countries have requested,” Lu told a daily news conference. He noted that the US public is having more and more doubts over the market […]

The US’ trade deficit stems from its extremely low natio

nal savings rate and has to be compensated by other countries’ national savings, which in tu rn adds to the trade deficit. On the other hand, China’s efficiency in the manufacturing industry makes it a lar ge exporter of manufactured goods to the US and helps it sustain its high savings rate. A high growth […]

ese civilization greatly promotes progress of human civilization

China’s paper-making, gunpowder, printing, compass, calendar, philosophy and people-oriented view have exerted profound i nfluence in the world and greatly promoted the development process of human civilization. Chinese civilization is an open system formed during constant exchanges and mutual learning with other civilizations. In the future, China will surely embrace the world with a more […]

A woman mourns the victims in Moscow on Monday

She added that 28 passengers are now in the airport terminal, and five have been taken to a hospital. A group of experts trained in providing psychological assistance to survivors and relatives of victims has been sent to the airport. President Putin has offered his condolences over the incident. Kremlin press secretary Dmitry Peskov said […]

Boosting rural areas will help solve dilemmas of ove

rcrowding and rampant construction plaguing cities, and the development of cities will also offer unique ways to bring about rural revitalization,” Chen said. “As restrictions on hukou will gradually be removed, cities need to be well-prepared to offer accommodation and employment opportunities, and allow children of migrant workers to have equal access to education,” Chen […]

The volunteer team, having stayed in Lunar Palace

an environmentally contained research facility where occupants simulated l ong-duration self-contained missions with no outside inputs for 200 days — broke the previous record of 180 days set by researchers in Russia. The team recently won a China May Fourth Medal. “President Xi has called upon young people to overcome hardships, and that is what […]

investment in environment-friendly urban mas

 transit. According to NBS preliminary estimates, the share of consumption of clean energy such as natural gas, hydropo wer, nuclear power and wind power in total energy consumption in the first quarter was 1.5 percentage points hi gher than that of the same period last year. Energy consumption per unit of GDP went down by […]