n late April, the tw上海千花网品茶微信ned a further agreem

ent at the firs上海千花网品茶微信t China-Japan capital market forum to allow cross-listing of ETF products on the bourses of both countries.

With that, qualified institutional investors in China and Jap

an were allowed to set up cross-border funds to invest in ETF products in either country.

Also unveiled on Tuesday were four ETF connectivity products introduced by the Japanese comp

anies Nomura Asset Management, Nikko Asset Management, Mitsubishi UFJ Kokusai Asset Ma

nagement and Asset Manage One. The four products are traded at the Tokyo Stock Exchange.

Fang Xinghai, vice-chairman of China Securities Regulatory Commission, said at the launch ceremony that China-Japan E

TF Connectivity, together with the Shanghai-London Stock Connect launched on June 17 and FTSE Russell’s inc

lusion of the A shares implemented on June 21, indicated that China has accelerated its capital market opening-up.

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He added that the t上海419论坛品茶微信will take the

The visit is aim上海419论坛品茶微信ed at deepening the China-DPRK friendship and promoting a political resolution of the Korean Peninsula issue, Xi said.

opportunity of the visit to draw a blueprint for a bright future for China-DPRK relations.

China strongly believes that the China-DPRK friendship meets the will and fundamental inter

ests of the people of both countries and corresponds to the trend of the time, Xi said, adding that it is als

o a strategic choice made by the two sides that cannot be changed no matter how the international situation changes.

As China-DPRK ties have entered a new historical period, Xi said th

at China attaches great importance to friendly and cooperative ties with the DPRK.

It is always the firm policy of the Party and government of China to maintain, strengthen and develop China-DPRK relations, he said.

Xi called on the two countries to enhance high-level exchanges to guide the develo

pment of bilateral ties amid complicated changes in global and regional situations.

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Perhaps this concern has prompted the US to scuttle the

 rounds of Sino上海千花坊女神会所-US trade talks, promote legislation on the protection of Taiwan

, increase its military presence in the South China Sea, and hype up the “clash of civilizations” narrative.

The US’ moves, combined with the global economic slowdown and China’s economic transformation, sho

uld impel China to expedite its supply-side structural reform, in order to achieve high-quality development as well as pro

mote economic globalization by further opening up its economy using the Belt and Road Initiative as a channel.

Market must play leading role in resource allocation

To counter the threats to economic globalization and build a ne

w and open economy, China should allow the market to play a lead

ng role in the allocation of resources and further open up the economy to domestic and foreign players, so

as to facilitate market integration and free and orderly flow of the factors of production.

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The leading pipa player says that though she has perfor

rformed on stage along with Western instruments such as guitars and violins, it was the first tim

e she performed the piece with a balalaika player, and she was excited to see the outcome.

“Music itself is the language. Despite the fact that we are from different countries, when we s

tart to play, we can communicate with each other through music,” Zhao said.

The China National Traditional Orchestra performed a concert in t

he Bolshoi Theatre, Moscow, on Wednesday, presenting a fusion of Chinese and Russ

ian music and celebrating the 70 years of diplomatic relations between the countries.

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In 2018, the number of real-name users on prov

incial e-government platforms reached 145 million, an increase of 38 million over the previous year, the report showed.

About 92.2 percent of Chinese people consider trash sorting important to protect the environ

ment, while only over 30 percent of respondents said they were doing “pretty good”, or “relatively well” in s

orting the trash, as per a recent survey by the Ministry of Ecology and Environment.

According to a government’s plan, all major cities in China are expected to initiate garbage cla

ssification this year, and the system should be completed and functioning by the end of 2025.

With the help of effective supervision and guidance, a growing nu

mber of people will cultivate the good habit of garbage cla

ssification and take action to improve their living environment, contributing to a green and sustainable society.

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anadian’s love of Chinese kung fu, medicine fuels fut

Haase first became interested in Chinese medicine when he was in Canada. After graduating from high sc

hool, he entered the Oshio College of Acupuncture & Herbology in Victoria. Haase’s teacher then was from Hunan.

“His medical skills are brilliant, but he is modest too. This g

ave me a very good first impression of China and Chinese medicine,” Haase said.

“He taught us a lot of interesting things about Hunan, like the great herbalist doctor Zhang Zhongjing. He also told me tha

t if I want to really understand Chinese medicine, I must go to China where it originated, so I came to Hunan.”

In order to learn Chinese medical theory, Haase studies Chinese medicine

books, most of which are written in classical Chinese. Haase’s solution is to ask st

udents to translate the classical Chinese into modern Chinese and then translate them into English.

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Because of the tariff discussion going on in Washingt

gton DC, a lot of the farm community is being hurt,” said Bob H

olden, former Missouri governor who co-founded the United States Heartland China Association.

“I think the manufacturing industry feels the same thing is occurring,” he added.

Holden is positive about the future of the relationship. “Honestly, both countries need each other,” he said.

“We need to be able to sell products in China. The Chinese population is wanting the goods that we can p

roduce here. China also gives us a workforce in some of our industries, which makes them com

petitive globally,” said Holden, who opened Missouri’s first trade office in China during his term from 2001 to 2005.

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Vladimir Yakunin, chairman of the Dialogue of Civilizat

tions Research Institute, said that against the backdrop of growing globa

l discord, Xi’s visit demonstrates the strategic relationship of the two countries.

During Xi’s visit, the two leaders will attend a series of events commemorating the 70th anniversary of the establishment of bilater

al ties, which will include the official opening ceremony of a panda facility at Moscow Zoo, Zhang said. A pair of gia

nt pandas were delivered to Moscow Zoo in April for research cooperation.

St. Petersburg State University, Putin’s alma mater, will award Xi an h

onorary doctorate during the visit, Zhang said. P

utin was granted the same honor by Tsinghua University, Xi’s alma mater, in April.

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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 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

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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 and are therefore in need of this risk management tool.

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