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g the order of the international financial community,” Liu said.
Zhang Xiaohui, a senior researcher for the CF40 and a former assistant governor of the Chinese central bank, said, “The IMF concl亚博足球app官网龙凤1314
usion is objective and reflects that the yuan was assessed to be broadly in line with medium-term fundamentals.”
亚博足球app官网龙凤1314品茶微信Besides refraining from competitively depreciating its own currency, China has also b
een committed to promoting international currency policy coordination, said Zhu, the bank official.
President Xi Jinping announced at the Second Belt and Road Forum for International Cooperation in Beijing in April tha亚博足球app官网龙凤1314
t China will more effectively engage in international macro-economic policy coordination, including more improve
ments to the exchange rate regime, to ensure that the market plays a decisive role in resource allocation.
According to the IMF news release on Friday, its executive directors agreed that grea
亚博足球app官网龙凤1314品茶微信ter exchange rate flexibility and deeper and better-functioning foreign exchange
markets would help China’s financial system be more capable of dealing with capital flow volatility.
Chen Yuan, chairman of the CF40 Executive Council and former亚博足球app官网龙凤1314
vice-chairman of the Chinese People’s Political Consultative Conference, ca
utioned that China needs to prepare for long-term disputes, including in the field of finance.
Chen suggested increasing yuan-denominated settlements in global comm亚博足球app官网龙凤1314品茶微信
odity trade and accelerating the internationalization of the yuan to reduce reliance on the dollar.
Zhou Xiaochuan, chairman of the China Institute of Finance and a former c
亚博足球app官网龙凤1314entral bank governor, said at the CF40 forum over the weekend that China may have to take
countermeasures in the face of any tariff or nontariff barriers imposed against the country.
It was not manipulation but market forces that pushed the recent depreciation of the yuan against the gree亚博足球app官网龙凤1314品茶微信
nback, said Phil Levy, chief economist at Flexport, a San Francisco-based logistics company.
“It is difficult to argue that a failure to intervene against those market forces constitutes currency manipulation,” he said.
meras as the “eyes” and two 7 megapixel cameras as its “ears”. With sens
ors at the top of its head and mouth, the robot can also detect wind velocity, carbon dioxide le亚博足球app官网龙凤1314
vels, humidity, temperature and other data about the natural environment of the green house.
亚博足球app官网龙凤1314女神会所The farm robot has been successfully tested for compatibility with the 5G mobile communicatio
n technology, which allows the data to be analyzed by computers enabled by AI in the control room more efficiently.
“Currently, the robot can inspect farms automatically and collect dat亚博足球app官网龙凤1314
a samples used to power various applications. It can determine plants’ health condition and deci
de if pest control measures are warranted,” said Chen Li, deputy director of marketing at Newland.亚博足球app官网龙凤1314
Washington should face the matter of deficit squarely: former vice-premier
The “real” trade imbalance between the world’s two largest economies has long been overstated b
亚博足球app官网龙凤1314女神会所y 20 percent. Better data would give a more balanced picture of Sino-US trade and reflect the gains th
at both sides derive from their economic relationship, said former Chinese Vice-Premier Zeng Peiyan.
There has always been divergence between Chinese and US figures on the bilateral trade gap due to the different met
hods used. Current methods omit trade in services from the trade balance, overlooking China’s role in processing tr亚博足球app官网龙凤1314女神会所
ade, and thus overestimating the trade deficit, Zeng told a seminar in Hong Kong on Tuesday.
The two-day event, themed “US-China Trade and Economic Relatio
ns: What Now, What Next”, invited former government officials, industry re亚博足球app官网龙凤1314
presentatives and academics from home and abroad to share their insights on the year-old Sino-US trade friction, w
hich has become the single most important factor in the global economy and markets.
亚博足球app官网龙凤1314女神会所According to Chen, the robot is still a prototype and on the basis of that the two sides hope to step u
p investments to develop versatile robots that can even pick fruit with a bionic hand in the future.
“Based on the mass agricultural data and images we have acquired, we hope to build an optimized plant growth model to ach
ieve automatic control of the growth environment and early warning of pests and diseases,” Chen added.亚博足球app官网龙凤1314女神会所
China is now the world’s largest market for industrial robots. As labo
r costs continue rising, the demand for robots will be stronger in the nation, said Wang Tia
nmiao, president of the Smart Manufacturing Research Institute at Beihang University.
nitiative is a challenge, but achievable,” she said, adding that at the heart of this challenge lies great potenti
al for innovation and creativity, such as new disaster risk prediction and analysis, and disaster-resilient infrastructures.
Huang Runqiu, vice-minister of the Ministry of Ecology and Environment, said dis
aster risk reduction of natural hazards along the initiative is crucial for its success and sustainability.
Regions at the heart of the initiative, such as the Tianshan-Pamir Platea
u, the Himalayas, eastern parts of the Qinghai-Tibet Plateau and South Asia, are facing serio
us disaster threats due to tectonic movements, fragile ecosystems and extreme weather, he said.
Henrik Slotte, a senior disaster management expert from the UN Environm
ent Program, said poorly managed infrastructure projects can damage the ecosystem.
?aspects,” he said, adding that besides a growth rate withi
n a reasonable range, the economy is likely to register accelerated prog
ress toward higher-quality development this year amid a new round of reform and opening-up.
“Structural opportunities (in the capital market) may con
tinuously emerge from the development of the new economy and mass co
nsumption upgrades, fueling the long-term inflow of international capital,” he said.
IMF Managing Director Christine Lagarde sai
in a recent interview with China Central Television that China’s economic d
evelopment now allows for “a focus on quality growth”, rather than necessarily quantity growth.
“And China’s development is clearly at the stage whe
re it can afford and should afford to do that,” Lagarde said.
Over the past year, amid the escalation of US-China trade tensions, credit tighten
ing took place in China, macroeconomic stress was seen in Argentina a
whose annual net income was less than 200 yuan ($30) were defined as living below the p
overty line in China in 1985. The line was raised to less than 2,300 yuan by 2011.
Second, how are policies designed to help the poorest people? Chinese policies aim to give the poor a roof over their heads, guarantee
food, clothing and basic medical services, and provide their children with nine years of compulsory education.
Funds and resources have been made available for agricultural subsidies and cheap loans to rural far
mers. Funds also went into rural revitalization, to integrate regional development and build infrast
ructure connecting villages to markets so that farmers could sell their products more easily. Villagers have been enco
uraged to be innovative, with incentives and loans for them to become self-employed and to set up micro-businesses.
Moreover, teams of officials have been traveling to faraway and isolated rural areas to help individual
s and families with individualized plans that target specific problems, such as whether there is ill
ness or disability in the household. In other words, China has not taken a “one-size-fits-all” approach for the tough cases.