Central bank vice-governor voices confidence amid currency volatility
The monetary authority vowed to stabilize the renminbi amid escala
ted trade tensions, while continuing to push forward financial opening-up and pr
otecting overseas investors’ legal rights, said a senior official from the central bank on Sunday.
“We have the foundation, confidence and capacity to maintain a stable foreign exchange ma
rket in China, and keep the renminbi exchange rate at a reasonably stable equilibrium,” said Pan Gongsheng, vi
ce-governor of the People’s Bank of China, the central bank, said in a statement on its website.
Before his pledge, the onshore renminbi rate depreciated to 6.9182 per do
llar at Friday’s close, the weakest level since December, and the offshore renminbi rate h
duals look in real life without the posing, the filters, the photoshopping and the professional hair and make-up,” Martz said.
Pan, the Renmin University researcher, also believes that pi
ctures shared frequently on social media impose peer pressure on women.
“If people around you look thin on WeChat Moments, you are inevi
tably anxious to fit the general profile of having the ‘right look’,” she said.
Articles have also gone viral in summer on WeChat Moments, with sensational headlines such as “Good-looking girls never
weigh more than 50 kilograms” or “If you don’t lose weight in May, you will cry out loud in June”.
Shen Zijiao, a psychological consultant at Beijing Normal University, said: “Women don’t know what kind of beauty is best for th
em; they just thumb through their phone screens and get the notions of ‘being slender’ consciously or uncons
ciously. They always worry if their bodies are inconsistent with the so-called perfect body shape.”
will impact various industries and stimulate the emergence of many new products, services and industries.
China Daily’s app was named the “Highly Commended” news app of the year at the newsawards 2019 in London on Wednesday.
The result was announced at the gala dinner held at the Royal Lancaster London. Ch
ina Daily beat two other nominees – The Independent and the Belfast Telegraph – to win the honor.
The China Daily app offers “a powerful mix of technology and innovation, with great clarity on audience needs,” said the judges.
The automotive sector will most likely be one of the first industries to rely
on 5G, connecting vehicles to other vehicles, roadsides, traffic lights, buildings and the inter
net to process data across cars or in the cloud, according to the report.
As 5G technology has integrated various industries and technologies, the number of 5G Stand
ards-Essential Patents applications surged to more than 60,000 globally by the end of April, the report said.
Smog in greater Beijing area could be thickened by 15 percent, experts say
Climate change has been making meteorological conditions in the
greater Beijing area more conducive to the generation of haze, and combined with heavy s
mog, the situation could trigger a rapid increase in the concentration of airborne pollutants, researchers said.
The National Joint Research Center for Tackling Key Problems in Air Pollution Control demonstra
ted that without a reduction in the discharge of pollutants, air quality in the Beijing-Tianjin-Hebei cluster
could worsen by about 10 percent and even up to 15 percent in some cities because of unfavorable meteorological co
nditions, the China Meteorological Administration said in a release on Thursday.
Heavy air pollution and a high concentration of particulate
matter is more likely to be seen when wind speeds are lower than 7.2 kilometers per hour, rel
ative humidity is above 60 percent, and there is less than a 500-meter high “mixin
g layer”, which refers to the atmospheric height over which pollutants can be dispersed, it said.
sing funds for the sake of cost-cutting, Liu said, adding some staff made 80,000 yuan a
month in pilot areas for the new salary regime in southern China’s second and third-tier cities.
Earlier this year, rumors spread that China’s e-commerce giant would can
cel couriers’ basic salary and reduce welfare. The company confirmed the salary adjus
tment plan via its official Sina Weibo account on April 7, saying as the number of orders from individual clients incre
ases, the company is looking to adopt an incentive plan to reward outstanding employees.
JD will reduce its delivery staff members’ salaries by adopting a commis
sion-based payment scheme starting in June and low
er contributions to employees’ housing funds from 12 to 7 percent, Sina Finance reported.
An anonymous courier with JD Logistics said the task of getting more external delivery
orders under the new salary system would be hard to accomplish, and the new policy will reduce their salary, th
e report alleged, though the courier did not indicate an exact amount for the reduction.