e mainland will improve their competitiveness, and most expected to learn more of the vocational culture and work environment. The HKUYA Student Exchange Network, an organization unde r the Hong Kong United Youth Association, launched this year’s summer internship program on Wednesday. More than 200 Hong Kong college students will go to Beijing, Shanghai, Harbin and Dalian to take part in a six-week program. They will work in government organs, State-owned enterprises, cultural and business institutions. Stanley Choi Tak Shing, honorary chairman of the student exchange network, said he hoped students would learn more about the country’s development through the internship, especially those who wantRead More →

ood jobs in areas that are poor, where good jobs are needed,” he said. “We should celebrate that advancement of econ omic opportunity in the United States. And similarly, we should expand US investment in China.” US goods exports to China declined by 7 percent in 2018, as trade disputes between the two economies began to bite, but still outpaced growth in exports to the rest of the world over the past decade, ac cording to the 2019 State Export Report released earlier this month by the US-China Business Council. The report said China continued to be important to US economic growth, supporting more thanRead More →

ed by 8.4 percentage points, as the global financial crisis caused demands to fall drastically. It i s possible that the Sino-US trade dispute could have a similar impact on the job market. So the government should implement an expansionary macroeconomic policy to create a loose em ployment environment and better implement social security measures to cope with frictional u nemployment and the structural employment problem of college graduates. To offset the possible negative impact of the Sino-US trade dispute on college graduates’ employment, the government sho uld also expand post-graduate enrollment, increase internships for unemployed college graduates and imp lement favorable policies to easeRead More →

ite mixed, very dynamic and very open as well.” Liu said that according to statistics, about 80 percent of Chinese employees were employed b y private enterprises, and 80 percent of Chinese exports were done by private companies. Asked how the US businesses operate in China with the risk of their intellectual property rights b eing stolen, Liu said many American companies have been established in China and they’re very profitable. “The great majority of them, I believe, plan to continue to invest i n China and explore the Chinese market as well,” Liu said. “Now, US President Donald Tru mp’s tariff makes it aRead More →

ures market will help foreign investors optimize their renminbi-denominated asset portfolios as they can inc orporate investment targets of a wider variety, said Wang Tingting, an associate pro fessor of finance with the Central University of Finance and Economics in Beijing. “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 market to foreign invest ors, as they have large exposure in the A-share market and are therefore in needRead More →

et forces, and China has never taken any measures to deliberately devalue the currency to make its exports more at tractive, said Guo, who is also head of the China Banking and Insurance Regulatory Commission. According to Guo, the short-term fluctuation of the RMB exchan ge rate was normal, and the depreciation will not last long given the stable economic growth base. “Any speculative activities to short the RMB will suffer huge losses,” he warned. The RMB’s daily trading reference, or the central parity for onshore trading, has been stabilized arou nd 6.89 per dollar for eight days from May 20, and market watchers saidRead More →

nt are broadly in line with expectations. Although pro-European Union parties have won a majori ty of the seats, the EP is more fragmented than before with traditional center-right and center-left par ties losing seats to Liberals and Greens, and Euroskeptic parties increasing their vote share. This is likely to make it more difficult for the EU to agree new trade deals and choose new leaders for EU institutions. The heads of government of EU states met on Tuesday to discuss who will fill the top jobs. The new EP and the EU leadership face a difficult international environment, especially on th e trade front.Read More →

ched a total volume of over 31 trillion yuan ($4.5 trillion), or 34.8 percent of its GDP, in 2018. Yang Xiaowei, deputy head of the Cyberspace Administration of China, also called for more efforts to develop the homegr own big data sector and highlighted that stepping up research and development is key to mastering core technologies. Paul Romer, co-recipient of the 2018 Nobel Prize in economics and profe ssor of economics at New York University, said he is impressed by China’s proposal in cyb er sovereignty which he understands as: Each nation must be able to write and enforce its own laws that reg ulateRead More →

t riding against the traffic and parking are not allowed on the bikeway. In t he event of a bicycle breakdown, cyclists should wheel their bikes to the nearest exi t and leave the bikeway, keeping to the right side of the road, said the rules. There are eight entrances and exits on th e 6.5-km bikeway and six of them are equipped with assistive mobility devices for bicycles. To better meet the needs of commuters, a reversible lane has been introdu ced on the bikeway, and cyclists should ride in the direction shown on the signs. Some 11,600 commuters travel between Huilongguan and ShangdiRead More →

 on May 20 in Ganzhou, Jiangxi province, during a three-day inspection tour. Xi learned about the rare-earth industry’s development in Ganzhou, a major producer of rare-earth resources and products in China. During the seven trading days from May 20 to Tuesday, the A-share listed company hit the 10 percent da ily upside limit six times, with its share price rising by 90 percent after closing on Tuesday. xperienced climbers and guides called for alpinists without adequate training to think tw ice before taking on the world’s highest peak, especially during a crowded climbing season. As of Tuesday, the death toll of climbers attempting to reachRead More →