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.
ndreds of security guards daily during peak seasons. In October, when it had a record number of travelers, the ad
ministrators decided to seek help from local universities for international volunteers, Liu said.
The lake, spanning a total of 60 square kilometers in the heart of Hangzhou, is ne
ar to one of China’s oldest Buddhist temples and is surrounded by lush green hills.
During the recent holiday, it was one of the most popular tourist spots amo
ng millions of domestic travelers, along with the Great Wall and the Forbidden City.
“It’s not only about giving tourists directions to the toilet or preventing people from smoking,” said Bela Nitesh Parm
ar from India, one of the students selected from among more than 50 candidates for the volunteer program.
“The more I help others, the more confidence and positive energ
y I earn for myself,” said the sophomore at Zhejiang University of Technology.