eign exchange reserves at $3.095 trillion at the end of April. The reserve amount was stable, altho
ugh it slightly 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 the Chinese Academy
of Social Sciences, said that China is unlikely to sacrifice foreign exchange reserves to de
fend its currency, even if depreciation pressure rises amid any escalation in trade tension.
In May, the offshore RMB exchange rate against the US dollar dropped more than 3 percen
t under market pressure as global investors worried about the escalation of trade friction.
Guo Shuqing, Party secretary of the People’s Bank of China, the central bank, said on Monday that higher US tariffs on Chin
a’s imports triggered financial market volatility, and this also affected the offshore RMB.
Chen Xiang, head of the sports bureau of Qiannan prefecture in Guizhou, t
old the thepaper.cn. It was agreed after meetings with education authorities and parents of stud
ents that the large crowd gathered during dragon boat races will create noise, Chen said.
Therefore, the dragon boat racing activities in the city, previ
ously scheduled on June 5-7, were postponed to June 9-11. Teams participating in the races were cont
acted and told the reason for the delay. They understood the reasons, Chen added.
An official at the sports bureau of Chizhou city, Anhui, said they have received letters and calls f
rom parents of examinees and people, expressing their concerns (that noise generated by dragon boa
t races may disturb students sitting the gaokao). So the bureau decided to postpone the races until June 9-10.
resident’s message calls for tackling legal, security, governance challenges
President Xi Jinping called on Sunday for strengthened cooperation among countries to explor
e opportunities of digital, internet-based intelligent development and to properly address leg
al, security and governance challenges arising from big data industry development.
He made the remarks in a congratulatory letter to the China Intern
ational Big Data Industry Expo 2019, which kicked off in Guiyang, Guizhou province.
The new generation of information technology, represented by the
internet, big data and artificial intelligence, is booming at present and has significant and
profound influence on various countries’ economic development, social progress and people’s lives, Xi said in the letter.
e technologies that it enables, are harnessed for the benefit of mankind while minimizing the risks to devel
opment, peace and security and human rights,” Guterres said in a congratulatory letter to the expo.
Miao Wei, minister of industry and information technology, said China has already made sig
nificant progress in bolstering the big data industry with a string of big data platforms established in sect
ors such as manufacturing, commerce, finance, transportation and medical care.
“We will make a fresh push to integrate cutting-edge information technologies into the re
al economy, including establishing a national industrial data center, to better power the country’s sp
rawling manufacturing sector,” Miao said at the opening ceremony of the big data expo.