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iorities for China’s foreign exchange reserve strategy, according to the SAFE annual report last year. “Pu

tting such a large bulk of reserves into different baskets, and building optimized asset port狗亚体育下载链接ios千花坊女神会所

folios, can hedge risks and secure the assets’ value and profit,” the report said.

To better control potential risks, SAFE has introduced “counter-cyclical” policies to prevent adverse situations arising. Acco

狗亚体育下载链接ios千花坊rding to the report, the major risks are listed as “credit”, “market”, “liquidity” and “operational”.

The past five years have been the hottest on record in Asia and the Pacific. Unprece

dented heatwaves have swept across our region, slowly leading to disasters such as drought.狗亚体育下载链接ios千花坊

Yet heat is only part of the picture. Tropical cyclones have struck new, unprepared

parts of our region and devastatingly frequent floods have ensued. In Iran, they affected 10 million p

狗亚体育下载链接ios千花坊女神会所eople this year and displaced 500,000, of which half were children. Bangladesh is experiencing its fourth wave of

flooding in 2019. Last year, the province of Kerala in India faced the worst floods in a century.

This is the new climate reality in Asia and the Pacific. The scale of forecast economic losses for the region is sobe狗亚体育下载链接ios千花坊

ring. Including the slow onset of disasters, average annual losses until 2030 are set to quadruple to about $675

billion, compared with previous estimates. This represents 2.4 percent of the region’s GDP.

Economic losses of such magnitude will undermine both economic growth and狗亚体育下载链接ios千花坊女神会所

our region’s efforts to reduce poverty and inequality, keeping children out of scho

ols and adults of work. Basic health services will be undermined, crops destroyed and food security jeopardized. If

we do not act now, the Asia-Pacific’s poorest communities will be among the worst affected.狗亚体育下载链接ios千花坊

Four areas of Asia and the Pacific are particularly vulnerable, hotspo

ts which combine vulnerability to climate change, poverty and disaster risk. In trans-c

狗亚体育下载链接ios千花坊女神会所ountry river basins in South and Southeast Asia such as the Ganges-Brahmaputra-Meghna river basin, floods

alternate with prolonged droughts. In Southeast Asia and East and Northeast Asia earthq

uakes, tsunamis and landslides threaten poor populations in the Pacific Ring of Fire.

ypfna.cn

Lin can’t wait to get quac狗亚体育下载链接ios品茶微信eremy Lin attends th

Given his strength and ability, I believe Lin could still play in the NBA or in Europe, but he wished to find a team that

狗亚体育下载链接ios品茶微信can make him the player he wants to become,” said Ducks chairman Qin Xiaowen.

“Lin chose Beijing Shougang, which shows his trust in our club. It’s also our great pleasure.

“He is a role for all Chinese players fighting to realize their NBA dreams. His life exp狗亚体育下载链接ios品茶微信女神会所

erience and great spirit will encourage all of us. His persistence matches the spirit of Beijing Shougang.

狗亚体育下载链接ios品茶微信”We believe his arrival will improve the team’s performance and brin

g more energy to the CBA.He will also bring excitement to the city of Beijing.”

Lin was a member of the Toronto Raptors team that won the NBA championsh狗亚体育下载链接ios品茶微信女神会所

ip last season but he was often benched during the postseason, playing a total of 51

seconds during Toronto’s six-game Finals victory over the Golden State Warriors.狗亚体育下载链接ios品茶微信

He became an unrestricted free agent on July 1 and struggled to find a team with which to try to re-create the “Linsanity” cr

aze he sparked during a torrid early-season scoring binge with the New York Knicks in 2012.

After recovering from a serious right knee injury prior to the 2017-18 season, Lin had just fo狗亚体育下载链接ios品茶微信

ur starts in 74 appearances for Atlanta and Toronto last season, averaging 9.6 points, 3.1 assists and 2.4 reb

狗亚体育下载链接ios品茶微信女神会所ounds in 19.4 minutes per game while shooting 44 percent from the field and 29.4 percent from 3-point terr

itory.eremy Lin shares a light moment with fans during a commercial activity in Beijing on Sunday. Lin is repo

rtedly set to sign a contract with the CBA’s Beijing Ducks. Photo provided to China Daily狗亚体育下载链接ios品茶微信

He broke down in tears during an emotional appearance in

Taiwan last month when he described feeling abandoned by the NBA.

狗亚体育下载链接ios品茶微信女神会所”Every year it gets harder,” Lin said at the time. “In English there’s a saying that once you hit rock bottom, the only way to

go is up-but rock bottom just seems to keep getting more and more rock bottom for me.”

a3o5.cn

People are best bridge狗亚体育下载链接ios419exchangesWang Li

The president has been advancing a new type of diplomacy with personal letters, initiatives

Editor’s note:?Xi Jinping Thought on Diplomacy is the fundamental guideline for China’s diplo狗亚体育下载链接ios419品茶微信

matic work in the new era. China Daily is publishing a series of stories to examine how Xi’s proposals have b

狗亚体育下载链接ios419ecome internationally accepted and made great contributions to world peace and human progress.

At the start of the new semester in August, 105 students at Niles North High School in Skokie, Illinois, had chosen to learn Chinese as a world language.

Four months ago, a group of over 40 students from this school received a letter in狗亚体育下载链接ios419

reply from President Xi Jinping encouraging them to make greater progress in studying Chinese.

Tedd Bowen, director of world languages at Niles Township High School District 219, said C

狗亚体育下载链接ios419hinese classes began in 2008 following requests from parents and a student interest survey.

“American public schools are increasingly aware of th

e economic, political and strategic needs for learning Mandarin Chinese,” he said in an email.狗亚体育下载链接ios419品茶微信

Recalling the letter exchange with China’s leader, Bowen said he was most impres

sed that the students received a personalized response. “We are honored to receive it,” he said.狗亚体育下载链接ios419

When the students in their first year of studying Chinese began practicing asking qu

estions and writing, their teacher had them write a letter to Xi as practice, Bowen said.

The teacher “wa狗亚体育下载链接ios419品茶微信s pleased with how well they did, so the students voted on the letter they wanted to send”, he said.

In the letter, the students said that they love the Chinese language and character

s, as well as music and Chinese food, and that they would love to have the chance to visit China.

狗亚体育下载链接ios419The letter was sent to the Chinese consulate in Chicago and then sent on to Beijing.

In his reply, Xi welcomed the students to visit China and said he hopes that they will ma

ke contributions to promoting friendship between the Chinese and American peoples.狗亚体育下载链接ios419品茶微信

It was not the first time this year that Xi has replied to letters to foreign stu

dents who are studying Chinese and praised their enthusiasm for Chinese culture.

www.113xe.cn

Xi congratulates ope狗亚体育下载链接ios419ing of Smart China Expo

China is willing to work with the internation

al community to create an age of virtual intelligence and share outcomes狗亚体育下载链接ios419品茶微信

of greater breakthroughs in smart technology, President Xi Jinping said on Monday.

狗亚体育下载链接ios419Modern information technology, represented by the internet, big data and artificial int

elligence, is witnessing rapid changes, Xi said in a congratulatory letter to the 2019 Sm

art China Expo, which opened in Chongqing on Monday and runs through Thursday.狗亚体育下载链接ios419

A new round of scientific and technological revolution and industrial transformation is developing with strong mo

狗亚体育下载链接ios419品茶微信mentum, and the fast growth of smart technology is having significant and far-reach

ing influence on economic development, social progress and global governance, Xi said.

The president emphasized that China attaches great importance to the deve狗亚体育下载链接ios419

lopment of smart technology and industrial digitalization, and advocates for for

ward-looking, in-depth integration of the digital economy and the real economy.狗亚体育下载链接ios419

The annual Smart China Expo, begun last year, aims to showcase new products, technologies, business formats and mod

狗亚体育下载链接ios419es of smart technology through conferences, exhibitions, summits and competitions.

This year’s expo attracted over 1,800 participants and 843 companies from 28 countries a

nd regions, including 13 Nobel Prize laureates, four Turing Award winners, Fortune 500狗亚体育下载链接ios419品茶微信

business leaders and tech giants including Intel, Tencent, Baidu, Alibaba and Xiaomi.

“Smart technology is developing very fast in China,” Vice-Premier Liu He said at the opening ceremony.狗亚体育下载链接ios419

“It has become a new, important economic growth point, with preliminary statistics showing that the total industrial sc

狗亚体育下载链接ios419ale of AI-related industries in China surpassed 500 billion yuan ($71.4 billion) in 2018.”

As the gateway to Southwest China and a major industrial base, Chongqin狗亚体育下载链接ios419品茶微信

g, on the upper reaches of the Yangtze River, has established one of the world’s larg

est IT industrial clusters and one of China’s biggest auto manufacturing bases.

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The vice-premier als狗亚体育下载链接ios楼凤at China welcome

s companies from all over the world, including the US, to invest and

operate in the country, and the Chinese government will continue to create a good investment e狗亚体育下载链接ios楼凤女神会所

nvironment and protect intellectual property rights.

狗亚体育下载链接ios楼凤Romans Vlasenko, a 42-year-old man from Latvia, is leading his disci

ples in practicing tai chi in Chenjiagou, Wenxian county, Jiaozuo city, Henan province.

As the chairman of the Latvia Martial Arts Association, Vlasenko has taught mor狗亚体育下载链接ios楼凤

e than 100 Latvians tai chi. He has been passionate about Chinese martial arts

since childhood, and has come to China over 20 times to study kung fu. He has learn

ed styles including Wing Chun, Xing Yi Quan and Shaolin boxing, but his favorite is tai chi.狗亚体育下载链接ios楼凤女神会所

This summer, he was invited by the Chinese emba

ssy in Latvia to come to Chenjiagou, which is the cradle of tai chi in C

狗亚体育下载链接ios楼凤hina. He and his over 20 disciples are following tai chi master Zhang Fuwang to learn Chen-style tai chi.

“I love tai chi, Chinese martial arts and Chinese culture. I want to let more pe

ople get to know Chinese martial arts culture through my efforts,” Vlasenko said.

hanghai’s col狗亚体育下载链接ios楼凤or-coded system to manage the safety of pregnant wo

men and their babies proved so effective after its in

troduction in 2012 that it has been adopted by other regions around the country.

狗亚体育下载链接ios楼凤女神会所It is just one initiative the municipality has taken in recent years to optimize three

major health indicators – life expectancy, and maternal and infant mort

ality rates – to maintain Shanghai’s status as the country’s healthcare leader and ke狗亚体育下载链接ios楼凤

ep it on par with developed countries, an achievement it has accomplished for 10 consecutive years.

Over the past four decades, the average life expectancy of Shanghai residents has rise狗亚体育下载链接ios楼凤

n 10 years to 83.63 last year, compared to the national average of 77 years.

The maternal mortality rate for Shanghai residents dropped from 3.01 per 100,000 cases in 2017 to 1.15 last year.狗亚体育下载链接ios楼凤女神会所

The infant mortality rate decreased over the same period from 3.71 per 1,0

00 live births to 3.52 last year, according to the Shanghai Health Commission. Fo

rty years ago, the infant mortality rate in Shanghai was 15 per 1,000 live births.

8216078.cn

The MTR Corporation 狗亚体育下载链接ios乌托邦 the stations along

?the protest route one hour before the protest started at 1 pm to avoid being inflicted again, a

fter the rail operator was criticized for offering free and exclusive ride home for the protesters.狗亚体育下载链接ios乌托邦品茶微信

In calling for understanding from the passengers, MTR operations director Adi Lau

狗亚体育下载链接ios乌托邦Tin-shing said in an open letter on Saturday that the decision to shut down part of

the Kwun Tong line prior to the protest was made after careful considerations of recent situations.

The MTR Corporation decided to suspend railway services on the active section and close some s狗亚体育下载链接ios乌托邦品茶微信

tations in consideration of the safety of colleagues, passengers, and railway facilities, said Lau.

Recently, some radicals sabotaged CCTV cameras in MTR stations, interfer

狗亚体育下载链接ios乌托邦ed with gate access, and even damaged station facilities and sprayed graffiti. They also t

hreatened the personal safety of those who tried to dissuade them. These inciden

ts have caused many frontline colleagues to feel that their personal safety was at risk, said Lau.狗亚体育下载链接ios乌托邦

Lau hoped that the public of Hong Kong can step forward to raise thei

狗亚体育下载链接ios乌托邦品茶微信r voice against vandalism and safety threats targeting the MTR stations. In the past few wee

ks, the MTR has tried many different ways to maintain a safe and orderly rail operation and the company welc

omes any suggestions to better cope with the current situation, Lau said.French President Emmanuel Mac狗亚体育下载链接ios乌托邦

ron, US President Donald Trump, Japan’s Prime Minister Shinzo Abe, Britain’s Prime Minister Boris Johnson, Ge

rman Chancellor Angela Merkel , Canada’s Prime Minister Justin Trudeau, Italy’s acting Prime Minister Giuseppe Co狗亚体育下载链接ios乌托邦

nte and European Council President Donald Tusk attend a G7 working session on “International Economy and Trade,

and International Security Agenda” during the G7 summit in Biarritz, France, Aug狗亚体育下载链接ios乌托邦品茶微信

BIARRITZ, France – French President Emmanuel Macron and US President Donald Trump said on Sunday that the mem

bers of the Group of Seven (G7) will each act on its own over the thorny issue of the Iranian nuclear deal.狗亚体育下载链接ios乌托邦

“There is no formal mandate at G7. We will continue to act, each in his own role,” Macron told reporters at the G7 su

mmit. “G7 is an informal club. We do not give formal mandate to this one or that one.”狗亚体育下载链接ios乌托邦品茶微信

Earlier in the day, Macron told French television LCI, “we agreed on what we wanted to say jointly on Iran”. “Everyone wan

ts to avoid a conflict, US President Donald Trump was extremely clear on that point,” he said.

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Ministry warns US ag狗亚体育下载链接ios419additional tariffs

China firmly opposes the United States’ new threat to impose additional tariffs on about $550 billio

n worth of Chinese imports, a spokesperson of the Ministry of Commerce said on Saturday.In a brief statem狗亚体育下载链接ios419品茶微信

ent, the ministry said the US act is unilateral, trade protectionism, and using maximum pressure.It violates the con

狗亚体育下载链接ios419sensus reached between the top leaders of the two countries, severely under

mines the multilateral trading system and normal international trade order, and Washington will eat the bitter fruit

s of its own action, the ministry said.”Such unilateral and bullying acts of trade protectionism and extreme pres狗亚体育下载链接ios419品茶微信

sure run counter to the consensus of the heads of state of China and the United States, and run counter to the principles of

mutual respect, equality and mutual benefit,” the spokesperson said.The ministry urged Washington to imm狗亚体育下载链接ios419

ediately stop its wrongful deeds, otherwise it will “bear all the consequences.”The ministry warned the US a狗亚体育下载链接ios419

dministration not to misjudge the situation, nor to underestimate the determination of the Chinese peo

狗亚体育下载链接ios419品茶微信ple.”China strongly urges the United States not to misjudge the situation, or underestimate the determination of the Chi

nese people. It must immediately stop its erroneous practices, or bear all the consequences,” the spokesperson sa

id.ow dare it? That was the message from the United States leader, who, announ狗亚体育下载链接ios419

cing extra tariffs on $550 billion worth of Chinese imports, declared that China “should not” have put tariffs on a furth

er $75 billion of US products.Since China’s tariffs were in retaliation to the US’ tariffs on $300 billion of Chinese狗亚体育下载链接ios419品茶微信

imports, clearly what he described as a “politically motivated” move has put his nose out of joint.

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Ahead of the second狗亚体育下载链接ios千花网f the bill in the Legis

?the Legislative Council, the protests escalated.

On June 15, Hong Kong leader Lam suspended the bill. The next da狗亚体育下载链接ios千花网

y, Lam apologized and offered to “accept all criticism” and “serve the public”.

But the demonstrations did not stop.

狗亚体育下载链接ios千花网女神会所Paul Yeung, a Hong Kong-based researcher and commentator on public policy, said the protests against the extradi

tion bill have morphed into demonstrations against the local government’s manner of responding to pub

lic opinion. Thus the protests are continuing, though the bill has been declared “dead”, he said.

Some observers say many y狗亚体育下载链接ios千花网oung people who took to the streets were merely affected b

y peer influence, instigated by a small number of radicals, and lost their critical thinking and simply followed.

Yeung said another factor leading to the situation in Hong Kong is that the government狗亚体育下载链接ios千花网女神会所

has failed to respond in a timely manner to young people’s aspirations and sentiments throughout the process.

狗亚体育下载链接ios千花网He said channels that the Hong Kong government is to establ

ish to communicate with local people can help break the city’s current deadlock.

But he said it will be a difficult task, given the tense social atmosphere. “It is imperative to restore peace and r狗亚体育下载链接ios千花网

ationality to society, with both sides showing a willingness to compromise before dialogue,” he added.

Hong Kong was a British colony for more than 150 years, and p狗亚体育下载链接ios千花网女神会所

art of it, Hong Kong Island, was ceded to the United Kingdom after a war in 18

42. In 1898, China also leased the rest of Hong Kong-the New Territories-to the British for 99 years.

狗亚体育下载链接ios千花网Hong Kong returned to China in 1997, under the principle of “one country

, two systems”, which means Hong Kong is part of China and enjoys a high degree of a

utonomy, except in foreign and defense affairs, as stipulated by Hong Kong’s Basic Law.狗亚体育下载链接ios千花网女神会所

Hong Kong’s leader, the chief executive, is currently elected by a 1,200-member election committee.

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The People’s Bank of狗亚体育下载链接ios千花坊on Saturday that it wil

ll improve the mechanism of the loan prime rate-the price of loans banks offer to their best clients-and use the mech

anism as the reference rate for business and household loans. The move was broadly seen as China’s effort to give th狗亚体育下载链接ios千花坊女神会所

e market a greater say in setting prices and to lower the real interest rate for companies.

狗亚体育下载链接ios千花坊”The rate reform will help reduce borrowing cost for companies so that they can expand investment and

production. It will also help improve corporate profitability,” said Yu Ke, an analyst at Guoyuan Securities.

The central authorities’ decision to support the development of Shenzhen also boosted the pric狗亚体育下载链接ios千花坊女神会所

es of technology companies on Monday as Shenzhen is the home of many high-tech and innovative firms.

The guideline also said that it will explore the registration-based initial p

狗亚体育下载链接ios千花坊ublic offering system on the startup board in Shenzhen and will support the city in car

rying out foreign exchange reform and accelerate the internationalization of the renminbi.

Ma Tao, an analyst at Caitong Securities, said that investment opportunities could emerge from technology sectors includ狗亚体育下载链接ios千花坊

ing 5G, artificial intelligence and life science as the guideline from the central authorities will help strengthen Sh

enzhen’s advantage as the leading technological and innovation hub for the country.狗亚体育下载链接ios千花坊女神会所

An index that tracks major securities brokerages also soared by 6.9 p

ercent on Monday as investors believed that a market rally will benefit securities firms.

狗亚体育下载链接ios千花坊The securities regulator has expanded the number of stocks qualified for the margin

trading and short selling business of the securities brokerage and has relaxed margin financing rules. The deci

sion became effective on Monday, which also helped lift the stock prices of securities firms.狗亚体育下载链接ios千花坊女神会所

Many young people in Hong Kong seem to have misunderstandings about the Chinese mainland and the United States.

No matter how noble an individual goal is, the collective outcome could be exactly the opposite of what each individual wa

nted. When I taught social decision theories, my students often could not believe thei狗亚体育下载链接ios千花坊女神会所

r eyes that collective decisions are necessarily dictatorial, even under very minimal assumptions. That is an implic

ation of the Arrow’s impossibility theorem developed by Nobel laureate Kenneth Arrow.

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Liu said that after the 狗亚体育下载链接ios后花园 was set up, most of t

the patients were Chinese employees working at Chinese compani

es in Pakistan, but now more than 80 percent of patients are Pakistanis.狗亚体育下载链接ios后花园

The foundation also planned to build a similar center in Pakistan’s Balochistan province last year, but the plan was del

ayed due to security concerns. However, the center is likely to be opened this year, Liu said.狗亚体育下载链接ios后花园女神会所

The foundation also plans to build more of these facilities to meet local demand for medica

l care and emergency services, but obstacles such as the threat of terrorism remain, he said.

狗亚体育下载链接ios后花园On May 11, a five-star hotel in Gwadar, Pakistan, was attacked by terrorists, resultin

g in four hotel employees and a soldier being killed. Yan Yibing, a member of the CRCF, said the attack o

ccurred just a few hundred meters from the emergency center where he and his Chinese colleagues worked.狗亚体育下载链接ios后花园

“I had never heard gunshots before, and at first I thought it was firecrackers,” he recalled. “Then we heard people shouting o

utside and realized an attack happened. We were very frightened, and none of us dared to make a sound.”狗亚体育下载链接ios后花园女神会所

Liu said the emergency center has been reinforced to mak

e it more secure for medical and Red Cross staff members working there.狗亚体育下载链接ios后花园

Global demand for humanitarian assistance is huge, so China will intensify its contribution, Liu said.

In Afghanistan, for example, the number of children wit

h congenital heart disease registered with local Red Crescent societies exceeds狗亚体育下载链接ios后花园

7,000. In Iraq, it is estimated that more than 10 million people need humanitarian assistance, he said.

“We will intensify efforts and try our best to deliver more inter狗亚体育下载链接ios后花园女神会所

national humanitarian assistance to help more people,” Liu said.

Chinese candidates for the 45th WorldSkills competition had their zeal drummed up at a morale-motivating confe

狗亚体育下载链接ios后花园女神会所rence held by the Ministry of Human Resources and Social Security in Beijing on Friday.

The biennial WorldSkills competition will be held from Aug 22 to 27 in Kazan, R

ussia, and will involve about 1,355 candidates from 69 member countries and regions.

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