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Central bank vice-governor voices confidence amid currency volatility
The monetary authority vowed to stabilize the renminbi amid escala
ted trade tensions, while continuing to push forward financial opening-up and pr
otecting overseas investors’ legal rights, said a senior official from the central bank on Sunday.
“We have the foundation, confidence and capacity to maintain a stable foreign exchange ma
rket in China, and keep the renminbi exchange rate at a reasonably stable equilibrium,” said Pan Gongsheng, vi
ce-governor of the People’s Bank of China, the central bank, said in a statement on its website.
Before his pledge, the onshore renminbi rate depreciated to 6.9182 per do
llar at Friday’s close, the weakest level since December, and the offshore renminbi rate h
The emerging service sector also grew very fast, Meng said.
In April, the information transmission industry, along with software and inform
ation technology services, grew 25 percent year-on-year, 17.6 percentage points higher than the national index of services.
Online retail sales amounted to 3.04 trillion yuan ($440.2 billion) in the first four m
onths, a year-on-year increase of 17.8 percent. Around 17.07 billion parcels were delivered, up 24.8 percent over last year.
She said the transformation of traditional industries is speeding up as they combine with information technology.
“Through implementing national big data and internet plus strategies, internet, big da
ta, and artificial intelligence technologies have been widely used in China’s real economy,” she said
peration in AI governance including laws and regulations, ethical norms and international rules,” Wang said.
The State Council issued a plan in 2017 that set benchmarks for China’s AI sector, with the value of core AI indu
stries predicted to exceed 1 trillion yuan ($145 billion) and make the country the global leader of AI innovation by 2030.
In December, Tianjin unveiled a three-year plan to boost the innovative development of seven AI-related indust
rial chains including independent and controllable information systems, smart security, big data, advanced co
mmunications, intelligent connected vehicles, industrial robots and intelligent terminals.
According to the plan, the government will build Tianjin into an AI in
novation center and a hub of AI industries and innovative applications by 2020.
ent of the Belt and Road Initiative, are boosted by China and Azerbaijan
via linking people of the two countries in cultural exchange, education, human
itarian dialogue and tourism cooperation. China and Azerbaijan signed a memorandum of understanding to stim
ulate tourism between the two countries. “Data from 2018 shows 15,000 Chinese tourists visited Azerbaijan last year, w
hich is not enough of course, and we aim to do more to attract more visitors in the coming years,” Hajiyev said.
He also highlighted education exchanges between the two countries, as China has sent students to study language in Azerba
ijan and viceAs Azerbaijan has a favorable political and geographic location, the country aims to become a tran
sport hub connecting Europe and Asia under the framework of the Belt and Road Initiative. “The point of the transp
ortation network is to integrate it with the original countries,” Hajiyev said, adding Azerbaijan has built a network of transp
ortation including seaports, airports, railways and land roads.-versa. “We are looking forward to increase the numb
er of (students) because we see they can play the role of a humanitarian bridge between our countries.”
rn plateau in 2015 from Jiangsu, whose students regularly post some of the best exam result
s in China. Some members of the original teaching group have left and been replaced by new arrivals.
As experts in teaching methods and education theory, they we
re keen to bring their experience and knowledge to Tibet, where education was once exclusive to the ar
istocracy. Their efforts are paying off, as both students and local teachers are benefiting from their presence.
The school, a secondary boarding establishment, was establ
ished by the Jiangsu government in 2014 with an investment of 263 million yuan ($39 million).
It is home to 2,890 students, more than 90 percent of whom are Tibetan, and the 316 teachers provide 63 classes. Exc
uding the 47 educators from Jiangsu, the teachers are locals of both Han and Tibetan ethnicity.
The students, from juniors to seniors, said the Jiangsu teachers ar
e more patient and softer-tempered than those at their old schools and the classes are more interesting.