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
World-renowned architect Ieoh Ming Pei, commonly known as I.M. Pei,
has died at the age of 102 at his home in Manhattan, according to multiple reports on Thursday.
Praised as “one of the most revered architects in the world” by The New York Times, Pei has le
ft the world many of its most well-known architectural designs, among many other intangible heritages.
Pei’s modern designs and high-profile projects led him to be considered one of the most high-prof
ile architects of the 20th century, with the renovation of Paris’ Louvre Museum perhaps the most famo
us project he embarked on. He was also involved in the building of the Rock and Roll Hall of Fame in Cleveland.
What Pei valued most in architecture, as he put it, was that it must “stand th
e test of time”. He also valued simplicity: “The simpler the solution, the more powerful it is,” he once said.
above living with chronic diseases in China. Of those, 44 million
were fully or partially disabled and in need of regular nursing services, she said.
“With more nurses and nurse’s aides, the demand for nursing services from the elderly will be gradually met,” she said.
The commission will also encourage community health centers to provide more nursin
g services for the elderly in neighborhoods, Jiao said. They would include more beds and setting up day-care centers.
Regulations will also be released to encourage community health centers to pro
vide beds to the elderly at home, so family doctors can provide treatment there, she said.
“The disabled, whether fully or partial, will be the priority in nursing services,” Jiao sa
id. “We will release a detailed standard for evaluating nursing services for the disabled elderly