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attract the young consumer group. In late May, Qunar teamed up with 33 domestic and foreign carriers, including Air China, Chi
na Eastern Airlines, China Southern Airlines, Hainan Airlines, United Airlines and All Nippon Airways, to l
aunch discounted prices for students on more than 3,000 routes, along with the concept of student flight tickets.
Students who have registered successfully with their identific
tion documents on the platform will be able to book cheaper tickets. For instance, a one-way
flight ticket from Guangzhou to Beijing can be as cheap as 460 yuan ($66.7), which is about half of the price tag – 8
62 yuan – for a second-class seat on a high-speed train. Qunar said such low-price flight tickets compared with high-spee
d trains may change the travel habits of college students and create user stickiness.
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 20, and market watchers said market-oriented depreciation pressure was losing steam.
Yi Gang, the central bank governor, has said several times that the PBOC has ceased
direct intervention in foreign exchange markets, and the performance of RMB is address
aditional snacks, visitors can take in a parade involving 28 teams from Asian countries at the main venue, Xu said.
The parade, with singing and dancing, is held twice a day. Members of the public who want
to experience the food festival and parade at the main venue need to register online in advance at www.damai.cn.
During Asian Civilization Week, the public can attend several cu
ltural performances, films or exhibitions with Asian features at lower prices or free.
For example, an Asian arts exhibition will be held at the Beijing 798 Art Zone n
ext week, said Wang Xiuqin, an official from the China Arts and Entertainment Group.
“Our aim is to help more people understand Asian culture and attend related activities,” he said.
s in the first four months of this year stood at 8.35 million units, a decrease of 12.12 percent compared with last year. Th
e country produced 8.39 million units during the same time, down 10.98 percent year-on-year.
New cars at a parking lot in Qingdao, Shandong province, are ready to be delivered to clients, April 30, 2019.
In April, China’s total vehicle sales fell 14.61 percent year-on-yea
r to 1.98 million units, and the output dropped by 14.45 percent to 2.05 million units.
The sales of self-owned brands passenger vehicles totaled 584,700 units last month, a decline of 27.88 percent year-on-year.
profits in producing electric bicycles, exploring niche markets, an
d improving intelligent and network connecting levels, Economic Daily reported Monday.
As China’s bicycle-sharing companies experienced periods of boom and decline in 2017 and
2018, many of the country’s bicycle companies have discovered new profit potential by producing e-bicycles.
Statistics show the output of shared bicycles was 5 million in 2018, a quarter of that of 2017, while the o
utput of e-bicycles reached 32.78 million in 2018, up 5.8 percent year-on-year, according to the report.
Benefiting from ever-growing demand, the development of the e-bicycle has maintained strong growth momentum. In the f
irst quarter of this year, the profit growth rate reached 28.7 percent for e-bicycle enterprises above the designated size
in the industry, which refers to those with an annual main business revenue of 20 million yuan ($2.98 million) or more.