The US Treasury removed India from the watch list, whil

Chinese authorities have not used the exchange rate in prior easing cycles to support growth, and they are unlikely to do so now, as this could pose mac

roeconomic stability risk,” said Andrew Fennell, lead sovereign analyst for China at Fitch Ratings.

The world’s second-largest economy maintained its foreign exchange

reserves at $3.095 trillion at the end of April. The reserve amount was stable, although it sli

ghtly retreated from $3.098 trillion at the end of March, according to the State Administration of Foreign Exchange.

Li Yang, director of the National Institution for Finance and Development of th

e Chinese Academy of Social Sciences, said that China is unlikely to sacrifice foreign exchange reserves to def

end its currency, even if depreciation pressure rises amid any escalation in trade tension.

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hile the United Kingdom remains deeply divided over Br

ded over Brexit, most agree that it will shape the future of the United Kingdom for generations to come.

Pro-Europeans fear Brexit will undermine London’s position as one of the world’s top two financial capitals and weake

n the West as it grapples with Donald Trump’s unpredictable US presidency and growing assertiveness from Russia and China.

The Liberal Democrats, who campaigned under the slogan “Bollocks to Brexit”, oppose Brexit and want a second referendum to stop it.

The loss of Britain for the EU is the biggest blow yet to more than 60

years of efforts to forge European unity after two world wars, though the 27 other me

mbers of the bloc have shown surprising unity during the tortuous negotiations.

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Gas leak in cargo ship kills 8 in East Chinavided no

Eight people died after carbon dioxide leaked in a cargo ship at Longyan Port in East China’s Shandong province Saturday afternoon.

Local authorities of the city of Rongcheng said the accident hap

pened around 4 pm in a Fujian-registered ship. The cause is under investigation.

talian soccer wizard Marcello Lippi has returned as head coach of China’s national soccer team. But wi

ll the magic come with him? Will he bring what’s needed to take Team China into the 2022 World Cup? The challenge is daunting.

The Chinese Football Association’s announcement on Friday provided no details of Li

ppi’s contract. But according to Beijing Youth Daily, his new deal will be similar to his first contract, when he w

as reportedly paid an annual salary of 20 million euros ($22 million). It said he will start in June.

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employment, especially for college students, is of great

importance for economic development and social stability.

To better secure the employment of

graduates, government at all levels issued policies to redu

ce discriminatory practices these new

graduates may encounter when hunting for a job.

For example, the Ministry of Human

Resource and Social Security said in February that employees are not allowed to def

ine positions based on gender or to ask for a female job-seekers’ marital status, to protect women’ rights in the job market.

Also, the Ministry of Education required colleges to reinforce campus recruitment activ

ities, prohibiting discriminatory information concerning gender, nationality and college levels.

According to the ministry, the number of college graduates is projected to reach a record high of 8.34 million this year, up by 140,000 from 2018.

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Telecom carriers, chipmakers and smartphone vendors

s in China are ready to commercialize 5G. China will directly grant 5G licenses, instead of the previ

ous plan to give several key cities interim 5G licenses, to better time the rollout,” said a source clos

ed to the telecom industry regulator who asked to remain anonymous because public statements are not authorized.

Michael Gao Wenhao, deputy general manager of the 5G industrial products line at ZTE, disclosed at a 5G conference in

Hong Kong on Thursday that “China is likely to start commercial use of 5G nationwide on Oct 1”.

He told China Daily that he got the information from the country’s major telecom operators.

China said earlier that it was considering a pre-commercial launch of 5G this year, follo

wed by large-scale commercialization in 2020. Miao Wei, minister of industry an

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Customs cooperation to take aim at IPR violationsnd inter

China will expand international cooperation in enforcing intellectu

al property rights to facilitate trade and create a favorable business environment for ente

rprises from China and overseas, a customs official said on Wednesday.

Cooperative customs mechanisms have been establ

ished in more than 130 countries and regions, with more than 190 agree

ments signed, including with major trade partners such as the United States, the European Union, Russia, Japan

and South Korea, said Jin Hai, deputy director for general affairs at the General Administration of Customs.

To more effectively fight crossborder violations of intellectual property rights, Chinese cust

oms will improve information sharing and exchanges of data with other countries and regions.

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The area previously had about 1,000 monitoring stations.

China is the only country that lists forecasting earthquakes as a government responsibility.

Considering our limited knowledge about earthquakes, the forecasting work has to be based on observatio

n. However, the weak signals from underground are often disrupted by electromagnetic interference, he said.

He said that in cooperation with the government of Shenzhen, Guangdong province, his admini

stration has established a research institute to accelerate the development of new app

aratuses for underground detection that could reduce interference from human activity.

“We will also explore carrying out observational experiments in wel

ls from hundred of meters to 1,000 meters deep, and through scientific drilling that will penetr

ate active earthquake faults to gain more information about underground structures,” he said.

ash419b.cn

Lan Fei, marketing center director for Guangzhou Wei

meizi Industrial Co in Guangdong province, said people in lower-tier cities have huge consumption power.

In 2016, the company’s oral care brand Saky reached customers in lower-tier cities for the first time. Mor

eover, the quality of oral care products in this market varies, so there is huge potential.

In addition to traditional sales channels such as supermarkets and stores, Saky was introduced to co

nsumers in lower-tier cities by livestreaming hosts on social media platforms. The hosts used en

tertaining methods to introduce oral care products and educate consumers about the correct way to use them.

“On Kuaishou, the host placed some sesame powder on a piece of c

orn, showing that Saky’s electric toothbrush could easily wash it away,” he said. “The host

also held a Saky electric toothbrush against a balloon (which did not burst) to demonstrate that its power could not damage teeth.”

0571jc.cn

Aviators put on spectacular showup in the lap of luxury

Demand for hospitality services grows as number of Chinese travelers surges

While most of the country’s workers enjoy a welcome break in

May, those working in pet hotels will barely have a chance to draw breath.

Every holiday means a heavy workload for people working at pet hotels. As most fami

lies can’t take their pets on holiday with them, a place in a pet hotel can be hard to find during peak times.

“During National Day Holiday and Spring Festival, our resort was fully booked, because we only h

ave 68 guest rooms-although it is a relatively large hotel in the industry,” said Li Chen, founder of Cu

te Beast Pet Resort, a high-end pet hotel of about 5,000 square meters in Beijing, which was established in 2017.

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A report published by major Chinese travel agency Ctri

showed that 160 million Chinese people have travel plans during the upcoming four-day May

Day holiday. Thailand, Japan, Vietnam, Taiwan and Indonesia are the top destinations outside the mainland.

Malaysia, which receives around 10 million Chinese tourists annua

lly, began to issue e-visas for Chinese in 2017. “The number of visa stickers on passports of Chinese

nationals dropped by 70 percent in the first year after the service was introduced, showing its high popularity,” said Han.

Since last year, countries including Australia, New Zealand, Singapore, Turkey, Thailand and Sr

i Lanka have started to accept visa application documents online and issue e-visas, either a bar code or QR code.

“When more countries that are mainstream travel destinations launch such services for Chinese, more will follow suit,” Dai said.

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