The Chinese government has accorded priority to achieving stable and expanding employment among its six stabilization tasks. The importance of stable employment has also been highligh ted in this year’s Government Work Report. And the State Council, China’s Cabinet, recently established the Emp loyment Work Leading Group headed by Vice-Premier Hu Chunhua to deal with employment issues. The government is making special efforts to stabilize and expand employment, especially be cause of the intensifying Sino-US trade dispute and the increasing uncertainties in international trade. The China Institute for Employment Research of Renmin University of China has calculated the employment market index, which shows the healthRead More →

Three officials in Wuxi, East China’s Jiangsu province, have been given Party and administrative punishments on Thursday over an inappropriate question about whether kindergarten children wer e involved in gangs, the local government said on its official Wechat account. According to the government of Wuxi’s Xishan district, Feng Dongyan, director and Party ch ief of the Xishan Education Bureau, has been given the punishment of warning within the Party. Wang Zhaoyu, director of the educational bureau’s general office, has been given a serious war ning within the Party and removed from office. Lu Zhongxian, director of the bureau’s educational equ ipment and student aid managementRead 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 →

 of stock index futures. At present, onshore stock index futures are unavailable to overseas invest ors, and they can only hedge risks associated with investing in A shares through offshore instruments. “After the stock index futures market opens up, investor bases will dive rsify, helping China’s capital market achieve a higher efficiency in asset pricing,” Wang sai d, adding that capital market reform and opening-up is part of China’s moves to promote quality development. “One of the key priorities this year is to accelerate the development o f direct financing and the capital market, to strengthen the capital market’s capacity to pr omote economic growth,”Read More →

ears to be stabilizing on the back of recently enhanced supportive measures. The report expanded the number of countries it scrutinizes for curr ency manipulation to 21 from 12. Countries with a current account surplus with the US e quivalent to 2 percent of GDP were put on the watch list, compared with 3 percent of GDP before. China didn’t meet the “currency manipulator” criteria listed by the US Treasury, but Washi ngton will continue assessing the RMB’s performance given China’s large trade surplus with the US, the report said. The US Treasury removed India from the watch list, while it added Singapore, Malaysia andRead More →

has taken a tougher line on protection of agriculture. France, for example, is opposed to including agriculture in transatlantic trade talks. The Greens are one of the big winners in the elections (even beating Germ any’s Social democrats into second place), and they will seek to impose strict conditions reg arding climate change, the environment and human rights on future trade deals. This attitude will also make it dif ficult to agree a new trade deal with the US, as it has not endorsed the 2015 Paris climate agreement. Although the nationalist and populist parties now have more seats, it does not mean they willRead 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 →

ssible national security concerns. Fair engagement across technologies is a better way to secure national security than delinking. “The cost of decoupling will be very high for both economies,” he said. “Engage ment in a fair competition with common rules is a far better outcome than decoupling.” If there has to be some “decoupling” due to “valid national security conc erns” in both countries, that should be kept to a minimum and not exaggerated, he said. “Normal commerce is in the interest of both of our countries. And we should pursue it vigorously,” he added. Allen also said members of the council are worried thatRead More →

de has made various remarks about trade negotiations, with some saying the agreement w ill come out soon while others saying it’s still difficult to reach an agreement, from time to time. China’s position has been consistent, Lu said. “The trade frictions should be resolved through friendly con sultations and negotiations, which must be based on mutual respect, equality and mutual benefit,” he added. SOUTHAMPTON, England – Nigel Farage’s Brexit Party was se t to storm to victory in a European election, riding a wave of anger at the failure of Prime Min ister Theresa May to take the United Kingdom out of the EuropeanRead More →

uled to become a shareholder of the joint venture by the end of 2019, holding at least 1 percent of i ts equity. According to Chinese norms, it is mandatory for international brands to produce vehicles in China bearing its names. Luca de Meo, CEO of SEAT, said: “China is the benchmark country for electric vehicles. We aim to be a part of this ecos ystem in order to exchange knowledge and make progress in achieving global mobility that is more sustainable.” Currently, JAC, Volkswagen and SEAT are building a 4 billion yuan ($579 million) research and development center in Hefei, which is expected toRead More →