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No evidence was found to show Chinese monetary

 authority intervention in foreign exchange markets over the past se veral months, according to the US Treasury’s semiannual foreign-exchange report to Congress. The May report summarized that China’s growth appears to be stabilizing on the back of recently enhanced supportive measures. The report expanded the number of countries it scrutinizes for curre ncy manipulation to […]

ourage the innovation of original technologie

 and enhance intellectual property right protection, Xi said. He called on the governments to build a stable, fair and transparent business environment, and to he lp private enterprises and small and medium-sized companies to address their difficulties in finance. Governments in the central region should attract advanced manufacturing enterprises moved from the coastal reg ion, […]

The US’ trade deficit stems from its extremely low natio

nal savings rate and has to be compensated by other countries’ national savings, which in tu rn adds to the trade deficit. On the other hand, China’s efficiency in the manufacturing industry makes it a lar ge exporter of manufactured goods to the US and helps it sustain its high savings rate. A high growth […]

ese civilization greatly promotes progress of human civilization

China’s paper-making, gunpowder, printing, compass, calendar, philosophy and people-oriented view have exerted profound i nfluence in the world and greatly promoted the development process of human civilization. Chinese civilization is an open system formed during constant exchanges and mutual learning with other civilizations. In the future, China will surely embrace the world with a more […]

The Information Technology Industry Council also w

arned against further raising tariffs. “Increasing tariffs will only continue to harm America n consumers and businesses of all sizes and across all sectors, as well as threat en American econ omic growth and leadership in innovation,” said Naomi Wilson, the council’s senior director of policy for Asia. US chemical manufacturers also called for sensible […]

The legislation states that Washington should condu

ct “regular sales” of “defense articles” to Taiwan and back its participation in international organizations. “We urge the US side to keep its promise, abide by the one-­China policy a nd the three joint communiques, and block the bill’s progress,” Geng said. He urged the US to “appropriately handle the Taiwan question to avoid serious […]

Boosting rural areas will help solve dilemmas of ove

rcrowding and rampant construction plaguing cities, and the development of cities will also offer unique ways to bring about rural revitalization,” Chen said. “As restrictions on hukou will gradually be removed, cities need to be well-prepared to offer accommodation and employment opportunities, and allow children of migrant workers to have equal access to education,” Chen […]