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market could deter爱上海同城对对碰mine the RMB exchange rate, but if extreme situations arise, the central bank
can exercise some intervention to prevent spillover effects of exchange rate volatilities on neighboring countries.
Yi, the PBOC governor, said the current fiscal policy package is strong enough to counter headwinds, even if
the situation gets a little worse, and “a discussion” could be opened if the scenario turns “tremendously worse”.
Looking forward, the unemployment rate, rather than the GDP growth rate, should receive more atte
ntion. “The Chinese economy is presently doing reasonably well, and I don’t worry too mu
ch about the unemployment problem. So long as people still have jobs, it’s not a concern if growth slows slightly. But this ma
tter deserves to be very closely watched, particularly as now trade tensions escalate rapidly,” Huang said.
If trade tensions start to have “bigger impacts” on the economy, he said
nd force low-end manufacturers to move out more rapidly, it might increase the pres
sure on unemployment. So supporting domestic consumption and encouraging the development of the servi
ces sector, especially labor-intensive services, could help mitigate the pressure, he said.
ated trash was collected over the region’s spring climbing season. In 2019, 8.21 metric tons of various domestic waste and 2.46
metric tons of sanitary sewage was collected after the mountaineering season,” said Tashi Gyatso.
According to Nyima Tseringa, the head of the region’s sport
bureau, the Tibet Mountaineering Guide School has been playing an important role in mountain rescue.
“Founded in 1999, it is world’s second and China’s first such school, fo
r training mountaineering talent,” said Tsering, vice-chairman of the China Mou
ntaineering Association. “Teams from the school have performed 29 high-altitude
rescues in recent decades, and have set the rescue record above 8,500 meters.”
roductivity in the service sector, which 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 on a neg
ative list, and authorities are researching a new regulatory system, Chen said at the forum on Saturday.
Li Daokui, director of the Academic Center for Chinese Economic Practice and Thinking at Tsing
hua University, said China “should be more confident” in accelerating opening-up of its financial sec
tor, which will help global investors seize numerous opportunities in the Chinese market.
Domestic financial institutions are now capable of engaging in fiercer competition with global peers as their serv
ice abilities in many aspects, such as banking and insurance, have improved a lot over the past years, Li said.
Given that the US economy is driven by domestic demand, consumption in particular, instead of exports, a high rate of eco
nomic growth will widen the trade deficit, as it would have to import more products than it exports. In such a situa
tion, the implementation of large-scale infrastructure construction projects would further increase the trade deficit.
To make up for the increasing savings gap, the US needs to introduce and use more foreign ca
pital, which will further enlarge the trade deficit. Therefore, the US cannot simultaneously maintain a high g
rowth rate, invest massively in infrastructure, reduce the trade deficit and restrict the inflow of foreign capital.
What is really questionable is that, despite its contempt for over-regulation of the economy, the US administration has been tryi
ng to impose regulations on international trade, even for its trade partners’ domestic economic management.
ion as of the end of last year. Nearly 70 percent held a junior colleg
e degree or above, accounting for almost half of all healthcare professionals, she said.
Last year, there were 150 million people 60 years or above living with chronic diseases
in China. Of those, 44 million were fully or partially disabled and in need of regular nursing services, she said.
“With more nurses and nurse’s aides, the demand for nursing services from the elderly will be gradually met,” she said.
The commission will also encourage community health centers to provide more nursing services for the e
lderly in neighborhoods, Jiao said. They would include more beds and setting up day-care centers.
Regulations will also be released to encourage community health centers to provid
e beds to the elderly at home, so family doctors can provide treatment there, she said.