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The strategic guiding role of national development plannin

ng should be leveraged to improve coordination mechanisms

for economic policies such as finance, currency, employment, industry, and regional develop

ment to ensure the nation’s economic development stays within a reasonable range, the statement said.

The meeting highlighted the importance of strengthening innovative cap

abilities as well as opening-up and cooperation in this regard, and called for improving the serv

ices and environment for opening-up and cooperation so that development is promoted through opening-up, inn

ovation is advanced through reforms and win-win results are achieved through cooperation, it said.

Tough and newly emerging problems should be resolved through deepening reforms, the state

ment said, adding that the capability of dealing with challenges and preventing risks should be intensified.

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On Tuesday, a picture showing a questionnaire that a lo

ocal kindergarten had used to ask children whether they we

 

re involved in gangs went viral on the internet. The local educational bureau said that the rese

arch was meant to stop bullies in kindergartens instead of finding gangster members.

Over 90 percent of Hong Kong college students responding to a survey said they were optimistic about the country’s fut

ure, and more than 80 percent said they would like to work on the mainland according to a report released Wednesday.

The HKUYA Student Exchange Network published the report based on a survey they carrie

d out between February and March on Hong Kong college students’ employment intentions for the mainland.

Nearly 75 percent of respondents said the major reas

on for them to work on the mainland is a plethora of job opportunities.

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Trade between the two countries “made a major breakthr

rough” and exceeded $100 billion in 2018, and the two permanent members of the United Na

tions Security Council have been coordinating closely on major international issues, Ruan said.

This year marks the 70th anniversary of the establishment of bilateral ties, which are said to have reached their best level in history.

Also, the attendance of the two countries’ leaders at each other’s intern

ational forums shows both sides’ support for an open global economy, Ruan added.

Addressing the plenary session of the Fourth Eastern Economic Foru

m in Vladivostok, Russia, in September, Xi called for regional members to actively alig

n their development strategies and work together for an open regional economy.

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Foreign investors’ access to onshore stock index futures

“Moreover, as foreign investors’ trading helps boost liquidity in the domestic market and makes the price changes mor

e consistent with international trends, domestic market participants can also better hedge against risks,” he said.

Experts also expect China to open up the stock index futures mark

et to foreign investors, as they have large exposure in t

he A-share market and are therefore in need of this risk management tool.

Foreign investors’ access to onshore stock index futures is an “infrastructure” for fin

ancial market opening-up, without which foreign investors’ passion for Chinese shares may be dampened, said Wa

ng Maobin, investment department chair at the University of International Business and Economics in Beijing.

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The Sino-US trade tensions have had a limited impact

mpact on China’s financial markets and the effects will be “even smaller” in the future, Guo said.

Yi Huiman, chairman of the CSRC, also pledged earlier in May to continuously enhance the quality of listed firms as part of s

upply-side reforms in the financial sector to promote the high-quality development of the real economy.

The National Development and Reform Commission, China’s top economic planner, said on

Tuesday that the country is willing to continue supplying rare-earth metals to world markets but is oppo

sed to those who use products made with such rare earths to “suppress and dampen China’s development”.

It also said that the industries of China and the United States are highly compleme

ntary. Cooperation will benefit both countries while confrontation will only undermine their interests, it said.

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China’s Qomolangma climbing season runs from April 10 t

At least four deaths have been blamed on crowding during the climbs, Agence France-Presse reported.

People should be well prepared to handle Qomolangma’s traffic jams which are common phenomena along climbing paths, said alpinists who had reached the summit.

“Although the news about the jam on Qomolangma this year has gone viral, people should understand that it happens every year during the brief cl

imbing window. Knowing what to do when climbers jam the narrow paths should be incl

uded in their training well in advance,” said Ma Liyamu, who reached the top of Qomolangma, the world’s ta

llest mountain at 8,848 meters, on May 22 and was also held up by the crowds on her descent.

She is the leader of a mountaineering team of three Chinese women w

ho scaled Qomolangma. They launched their expedition from Nepal, which issued 381 cli

mbing permits for the season that concludes this week. Nepal’s permits this season cost $11,000 each.

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During the team’s 40-day intensive training in Nepal, the

heir Sherpa guides had taught them how to maintain healthy blood circulation and remain safe in crowded conditions, she said.

This spring, 144 foreign and 12 Chinese climbers have also attempted to con

quer Qomolangma from Tibet, according to the Tibet Mountaineering Association. “D

espite having a smaller number of climbers, traffic jams also happened on the Tibetan side,” Ma said.

“Crowds are usual on some mountains. It’s not a new phenomenon. Climbers often lose their live

s when they don’t follow the instructions of Sherpa guides and make decisions on their own,” Kami Ri

ta, an experienced Sherpa who has reached Qomolangma’s summit 24 times, told Xinhua News Agency.

Sherpas are aware of every twist and turn and which paths to follow up mountains, so he urged the Nepali government to dis

courage mountaineers from climbing mountains without guides in order to prevent casualties.

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employment market, based on big data of online recruit

 this year was 1.68, down from 1.91 in the first quarter of 2018. Although the figure was above 1, the balance line, it was the first decline since the beginning of 2018.

About 8.34 million new college graduates and 2 million migrant workers are expected to enter the job market this year. Added to the list of job seekers woul

d be those who lose their jobs because of the industrial structural transformation and special type of job see

kers such as veterans. This means at least 12 million urban jobs have to be created this year.

Still, the employment pressure this year is not overbearing for two re

asons. First, the number of job seekers has not increased considerably from last year.

In fact, the number and ratio of China’s working-age people have both d

eclined for the seventh consecutive year. Over the past seven years, China’s working-age

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Spain’s SEAT set to make China comeback by 2021

Spain’s largest carmaker SEAT is set to make a comeback in China around 2021, a move that will help its parent

company Volkswagen AG secure a larger share in the world’s largest new energy vehicle market.

“The Spanish brand aims to enter the Chinese market in the coming two to three years,” said Volkswagen in a stat

ement on Tuesday, citing an agreement it signed with SEAT and Chinese carmaker JAC Motors.

SEAT pulled out of China in 2014 after two years of poor sales of its gasoline vehicles.

This time, it will enter the Chinese market through JAC Volks

wagen, a 50-50 joint venture established in Hefei, Anhui pr

ovince, in 2017 to develop, produce and sell pure battery vehicles.

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Still, the victory of the Brexit Party could prompt the Cons

servatives to choose a new leader to campaign on a “no-deal” Brexit. But

this has little or no chance of being accepted by the British parliament, which means the B

rexit stalemate will continue until there is a general election or a second referendum. In any case, the normally pr

ofree trade voice of the UK will be reduced in the new European Parliament.

Beijing‘s first bikeway, which connects Huilongguan in Changping district and Shangdi in

Haidian district for cyclists, has finished the colored pavement and is about to open this week.

The bicycle-only road has a maximum speed of no more than 15 kilom

eters per hour and is forbidden to entry by pedestrians, electric bicycles and other vehi

cles, according to traffic rules on the bikeway released by the Beijing Municipal Commission of Transport.

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