The signing of th上海夜生活女神会所 that the two big

iggest markets, o上海夜生活女神会所nline and offline, are joining hands to create new trade rules, toget

her with SMEs and micro businesses around the world,” Lin Yi, secretary of the Yiwu Municipal Com

mittee of the Communist Party of China, was quoted by Xinhua News Agency as saying on the same occasion.

Around 15,000 foreign traders from more than 100 countries are stationed in Yiwu and m

ore than 400,000 foreigners come to the city to do business every year, official data showed.

The eWTP platform was conceived by Alibaba founder and chairman Jack Ma in 2016 as a digital gate

way to connect every country and give businesses the ability to sell anywhere in the world. The benefi

ts of using eWTP hubs include speedy customs clearance, logistics support and minimal tariffs.

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called the Shanghai Cooperation Organization a succe

cessful example of the commitment of China and Russia to forging a new type of international relations and a good platform for such efforts.

China will work with Russia and other SCO member states to enhance unity, mutual trust and c

ooperation in various areas so that the organization will add more stability and positive energy to the wo

rld and contribute to the building of a community with a shared future for mankind, he said.

Xi said the Iran nuclear deal, as the embodiment of multilateralism, is crucial for internat

ional nuclear nonproliferation and for peace and stability in the Middle East.

“China and Russia will stay in close coordination to push for positive develo

pments while upholding the authority of the UN, peace and security in the world, and the c

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Architectural experts who have gained a hands-on unders

standing of the pros and cons of rural reconstruction through their work were also invited to hold a dialogue with the writers, which resonated so strongly with the

villagers that some of them surrounded the speakers afterward hoping to expand their discussions.

He Wei, assistant professor at the school of architecture at the Central Academy of Fine Arts in Beijing, w

ho has been leading several projects in the countryside, thinks a major problem is the conflicting demands between the elite class

of city dwellers, who tend to seek spiritual comfort in village life, and the villagers themselves who naturally want to i

mprove their quality of life. However, many of the rural traditions have been lost during the process.

“Once they leave the countryside, it’s hard for people to come back and settle, both in person and spiritually,” he says.

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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 index, which shows the health of th

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More comprehensive and well-targeted policy respon

ses are needed to tackle the current growth slowdown,” Elliot Harris, UN chief economist and assi

stant secretary-general for economic development, said Tuesday at a news conference. “It is increasingly clear that policies to pro

mote sustainable development will need to look beyond GDP growth and identify new and more robust measures of

economic performance that appropriately reflect the costs of inequality, insecurity and climate change.”

In response to slowing growth and subdued inflation, major central banks have eased their monetary policy stances. The recent mo

netary policy shifts have helped to stabilize global financial markets and capital flows to emerging economies.

However, the report cautions that a more protracted period of monetary accommodation could exacerbate fina

ncial imbalances, including further fueling debt accumulation and raising medium-term risks to financial stability.

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Four Chinese banks ranked among world’s top moneymakers

Four Chinese banks were among the world’s top 10 most profitable companies over

the past year concluding at the end of March, according to a report by Bloomberg.

The Industrial and Commercial Bank of China and China Construction Bank achieved a net in

come of $45 billion and $38 billion respectively over the past year, closely following Apple Inc, which retai

ned its title of world’s biggest moneymaker for the fourth straight year with a net income of $57.2 billion.

The Agricultural Bank of China and the Bank of China were respectively ranked at the

seventh and 10th places in the top profit list, with $31 billion and $27 billion in net incomes.

While financial service companies claimed nine spots among the top 10 most profitable compa

nies, no drugmakers or automotive firms appeared in the list for the first time in eight years, the report said.

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also largely now employ less-skilled working-class peop

ople. However, neither the US nor China can expect to keep, much less get back, low-wage, low-skilled manufacturing jobs.

Many people have the impression that Chinese goods are dominant in US markets. That is true only in a few highly com

petitive, low-profit sectors. According to US Commerce Department data, China has more than 50 percent of the

US market in such items as umbrellas, toys, prepared feathers, footwear, straw products, and bedding.

Chinese exporters have from 20 to 50 percent of the US market in ot

her low-value-added markets, plus electrical machinery and equipment, mechanical app

liances, and iron and steel. In most other categories, China has less than 20 percent of the US market.

China also assembles and then exports a lot of phones, computers and other gad

gets to the US. But, most of the profits and wages go to Japanese or South Korean componen

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Roughly 20 years ago, when China’s admission to the

World Trade Organization was being negotiated, China’s economy was ti

ny as a portion of world GDP. It was clearly a poor, less-developed country that, except in a f

ew areas, was not able to compete with Western companies in high-value-added products.

As Alexander Hamilton, the first US Treasury secretary, argued, a developing country may need to p

rotect its “infant industries” from already established foreign competitors. This was the policy foll

owed by the US in the 19th century and by Western Europe, Japan, and South Korea in the years after World War II.

China is no longer a poor country. It can no longer compete by using low-wa

ge labor. Fortunately, it has now developed world-class companies that are incre

asingly developing new products and services that can compete successfully in many foreign markets.

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Wang Chunyan has arranged to take her son on study

“We’ve been to deserts, grasslands and (sections of) the Silk Road over the years,” Wang says.

Wang has booked for her son-who is currently in the fifth grade-a two-week trip to Australia and a two-week trip to the US in August.

“He will be sitting in local classes and studying with local children there,” Wang says.

Although the outbound-study trips will cost her around 70,000 yuan, she believes it’s money well spent.

“He will learn things while having fun in a foreign country, which

will open his eyes to the world and enable him to make new friends,” she says.

Speaking about the effects of taking those study tours, Wang says her son has a better understanding of differ

ent cultures and has become more confident on such occasions as when he has to talk in public or participate in a performance.

“I will keep sending him on such trips so that he can see more places and get to know their culture and history,” she says.

Enthusiasm for study tours is likely fueled by the fact that some middle schools in Ch

ina have already put them under consideration when evaluating a student’s comprehensive performance.

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More than 18,500 vaccinations have been provided,

 more than 4,300 clients completed the standard se andries of three vaccinations within si

x months.a-free policy will further cement Guangzhou Baiyun International Airport’s

The Boao pilot zone is the first place on the Chinese mainland a

llowed to import HPV 9-valent vaccines and other drugs wit

hout needing central government permission, in line with the nine preferential policies granted by the State in

2013 – in this case, special permission to import medical technology, medical equipment and medicine.

The provincial health and drug administrations will also send more supervisors to the pilot zone to provide guida

nce and coordination and strengthen supervision of medical institutions, the statement said.

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