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 →

pening-up in China’s services sector, together with high-tech development supported by artificial intelligence, will help lift Chinese economic growth from 6.3 percent to around 7 percent by 2035, said Zhu Min, a former deputy managing director at the IMF. “Market-oriented reform and opening-up will improve productivity in the service sector, whi ch is an important thing that China is focusing on to stabilize economic growth,” Zhu said. Chen Yulu, a vice-governor of the PBOC, also supported a “full-scale” opening of the financial sector. In the future, foreign invest ors are welcome to conduct all forms of financial business in China, excepting those being named onRead More →

States, China has achieved extraordinary economic transformation over the past four decades. An d as China’s economy has transformed, so has the size and make-up of its equity market. FTSE Russell CEO Mark Makepeace said the company will continue to work with global customers and provi de benchmark indexes and analysis solutions to promote investment in Chinese stocks and fixed-income products. A British climber too weak to descend from Mount Qomolangma – know n as Everest in the West – died on Saturday, officials said, the eighth climber to die on the world’s tallest mountain and the 18th in Nepal’s Himalayas during the current climbingRead More →

 trying to emulate the impressive growth of developing economies before them. An underperformi ng global economy, and rising national and international tensions, will make that task even harder. If th e world is serious about reducing poverty further, it must pay far more attention to their progress. he US has repeatedly threatened to impose tariffs on about $300 billion of Chinese ex ports to the United States. China showed the greatest sincerity in the Sino-US trade talks and refused wild demands by the US side, said Foreign Ministry spokesman Geng Shuang on Tuesday. China has become the most popular investment destination for global companies, sinceRead More →

ople. However, neither the US nor China can expect to keep, much less get back, low-wage, low-skilled manufacturing jobs. Many people have the impression that Chinese goods are dominant in US markets. That is true only in a few highly com petitive, low-profit sectors. According to US Commerce Department data, China has more than 50 percent of the US market in such items as umbrellas, toys, prepared feathers, footwear, straw products, and bedding. Chinese exporters have from 20 to 50 percent of the US market in ot her low-value-added markets, plus electrical machinery and equipment, mechanical app liances, and iron and steel. In most otherRead More →

The pilot of a Russian passenger plane that erupted in a ball of fire on the runway of Moscow’s busiest airp ort, killing 41 of the 78 people aboard, said lightning led to the emergency landing, Agence France-Presse reported. Investigators on Monday were working to understand the causes of the blaze after the Suk hoi Superjet-100 returned to Sheremetyevo airport shortly after takeoff on Sunday evening. Pilot Denis Yevdokimov told Russian media the aircraft lost communication and needed to switch to emergency control mode “because of lightning” on the Aeroflot flight to the Arctic city of Murmansk. He did not specify if the plane wasRead More →

candidates to the space technology academy, which then reviewed their qualifications and selected who would be admitted. “Whether the candidates can get this opportunity depends on two fac tors. First, their English proficiency is supposed to be good enough to handle our c ourses-all of them are taught in English,” Li said. “And second, an ideal candidate should have at least a bac helor’s degree as well as background in or some knowledge of the space industry.” Candidates who pass the qualification screening are also required to write a research pr oposal and provide an endorsement document signed by the space authority of their nation,Read More →

e synagogue shooting. The wounded were taken to Palomar Medical Center in Escondido. Gore said a Rabbi is in surgery after suffering defensive wounds to his index fin gers, adding that the injured are “doing well” and a wounded minor has been tr ansferred to Rady Children’s, the largest children’s hospital in California. In a Poway incident community message, the San Diego County She riff’s Department assured that there are no known threats to religious gatherings. “The suspect in the Poway incident today has been capt ured and we believe he acted alone,” said the message. “We encourage our communities to continue with scheduled eventsRead More →

China aims to substantially reduce water consumption by 2020 to tackle a supply bottl eneck that could undermine the environment and sustainable economic growth. By next year, waster usage per 10,000 yuan (about $1,492) of gross domestic product w ill be 23 percent less than in 2015, according to the National Development and Reform Commission (NDRC). The country also aims to cap water consumption below 670 billion cubic meters by 2022 and 700 billion cubic meters by 2035. China still faces serious scarcity of water resources. Its pe r capita water resource share lags far behind the world average. An action plan jointly released byRead More →

aths of five pandas between December 2014 and April 2015. Pandas are docile but can be fierce. In 2005, a female photographer from Hong Kong jumped into a pand a enclosure to take photos. To the surprise of onlookers, the panda slashed one of her arms, causing profuse bleeding, the center said. Zhou Mengqi, a veteran photographer in Chengdu, was chased by a panda that had been eating quietly unt il he took pictures of the animal up close at the Chengdu Research Base of Giant Panda Breeding in the early 1990s. “Its claw touched my shoes before I escaped through a door,” he said.Read More →