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富彩彩票-【购彩大厅】

時間:2022-08-15 來源:本站 點擊:258次
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China Focus: Key insights into China's current economic situation******

BEIJING, Oct. 25 (Xinhua) -- As 2021 marks the beginning of China's 14th Five-Year Plan period (2021-2025), as well as the start of its journey to fully build itself into a modern socialist country, the nation's economic performance has come under the spotlight.

How is China's economy doing so far? Are there any new situations emerging, or existing issues left unresolved? With the pandemic and economic trend becoming more complicated, where is the world's second-largest economy heading?

In response to the significant attention to and concerns over the Chinese economy from both home and abroad, Xinhua has interviewed a number of authoritative departments and individuals, and the following are some of their opinions and judgments on 10 issues of China's economy.

GROWTH MOMENTUM

China's GDP grew 4.9 percent year on year in the third quarter, slower than its growth of 18.3 percent in the first quarter and 7.9 percent in the second quarter. In the first three quarters, the country logged a 9.8 percent GDP expansion, well above its annual growth target of over 6 percent, official data shows.

The growth slowdown was the result of challenges including a resurgence of COVID-19 cases and severe flooding in certain regions, as well as a higher comparison basis in the same period last year, according to authorities.

China is fully capable of achieving its social and economic development goals for the whole year, and the sound momentum of economic development for the long-run has remained unchanged, they told Xinhua.

DOMESTIC DEMAND

China's retail sales of consumer goods jumped 16.4 percent year on year in the first three quarters of 2021, slower than the 23 percent seen in the first half. The country's fixed-asset investment increased 7.3 percent year on year, down from 12.6 percent in the first six months.

Despite the falling growth, China has staying power in domestic demand expansion supported by a super-scale market of over 1.4 billion people, effective policies to boost consumption, and has seen steady progress in the country's major projects set for the 14th Five-Year Plan period.

In the first three quarters, final consumption contributed 64.8 percent to China's economic growth, 3.1 percentage points higher than the level seen in the first half, according to official data.

FOREIGN TRADE

China's foreign trade staged a stellar performance in the first three quarters, with total imports and exports expanding 22.7 percent year on year to 28.33 trillion yuan (about 4.43 trillion U.S. dollars), beating market expectations and playing a bigger part in driving growth.

Considering factors including a high base in the second half of 2020, the country's foreign trade is likely to grow at a slower pace compared to a year ago, presenting a "high-to-low" curve.

But authorities estimate orders for key foreign trade enterprises will remain sufficient until the second quarter of next year. Imports and exports are therefore expected to sustain steady growth this year.

SUPPLY-SIDE STRUCTURAL REFORM

Since the start of this year, high-quality development has become a more distinctive hallmark of China's growth, with the country's economy seeing optimized structures, improved development quality and stronger growth momentum.

Structural reform has been pressing ahead in a sound manner, as manifested in the steady industrial capacity utilization rate, the declining asset-liability ratio of enterprises, and rapidly expanding investment in weak links such as education and healthcare.

Despite the progress achieved, authorities have cautioned that an excessive production capacity may occur, as other countries will gradually reopen their factories at home, leading to a pullback in China's exports.

Coping with the challenges faced by China's economic growth requires an unswerving focus on economic restructuring. At a key meeting held in July, China's policymakers pledged to tighten the power use limit on energy-intensive industries, saying that steps will be taken to refrain from using the property sector as a short-term economic stimulus and to speed up the development of affordable rental housing.

POWER SUPPLY

Since mid-September, power supply across the country has been tight, reflecting the unbalanced supply and demand of energy, especially coal. Power cuts occurred in certain areas from Sept. 23 to 26, causing widespread concern in society.

To cope with the situation, the National Development and Reform Commission said in a series of announcements that it would take necessary measures, including legal intervention in coal prices, to bring the coal market back to rationality and ensure a stable supply of energy.

The National Energy Administration recently announced that it will promote the integration of new energy power generation projects and further improve the power supply capacity.

An improved pricing mechanism for coal-fired power was also released to deepen market-oriented pricing reform in the sector.

GLOBAL INDUSTRIAL, SUPPLY CHAINS

As certain countries act against globalization and the COVID-19 pandemic sweeps across the world, the stability of the global industrial chain and the smooth flow of the global supply chain are confronted with unprecedented challenges.

Thanks to China's timely containment of COVID-19, the stable operations of industrial and supply chains have been secured, and the layouts of multinational companies have increased.

Statistics show that more than 90 percent of foreign companies in China operate mainly in the Chinese market. With a population of 1.4 billion and over 400 million middle-incomers, China has a consumer market of unparalleled size and growth potential.

In addition, the comprehensive advantages of complete industrial facilities, complete infrastructure and abundant human resources have become magnets for foreign investment.

The double-digit year-on-year growth in foreign direct investment into the Chinese mainland in actual use in the January-September period has also confirmed this trend, highlighting that China remains one of the best investment destinations in the world.

Making industrial and supply chains more autonomous and controllable does not require a closed and inward-looking mindset. Rather, it means opening up to a higher level and strengthening overall competitiveness through opening-up and cooperation.

COMMON PROSPERITY

Since the beginning of the year, China has taken a slew of measures to promote common prosperity. While attracting high attention, the term has been misinterpreted by some as "robbing the rich to help the poor."

Rather than having just a few prosperous people, common prosperity, which is an essential requirement of socialism, refers to affluence shared by everyone, physically and intellectually.

China has been gradually placing common prosperity in a more prominent position since the 18th National Congress of the Communist Party of China in 2012. Now, having achieved victory in the anti-poverty fight and in the construction of a moderately prosperous society in all respects, the country has favorable conditions to promote common prosperity.

In pursuit of this goal, efforts will be made to properly deal with the relationship between efficiency and fairness, make basic institutional arrangements for income distribution, expand the size of the middle-income group, increase the earnings of low-income groups, adjust excessive incomes, and prohibit illicit incomes to promote social fairness and justice.

ANTI-MONOPOLY

China has unveiled a series of regulatory measures to rein in certain monopolized sectors and the disorderly expansion of capital. These are pragmatic and necessary efforts to promote the sound development of related industries as well as social fairness.

The anti-monopoly measures target illegal acts, rather than the private sector or companies of any specific ownership type.

Thanks to these moves, the flow of capital has seen new trends, with sci-tech innovation, high-tech manufacturing and the industrial internet being new fields that attract capital.

China has been widely recognized as one of the leading nations in the digital economy, meaning it needs more relevant regulations to promote the sound development of related sectors.

RURAL VITALIZATION

After a complete victory in eradicating absolute poverty, China's focus in work related to agriculture, rural areas and rural residents has shifted to comprehensively promoting rural vitalization.

How to prevent a large-scale return to poverty and deliver the rural vitalization strategy has attracted much attention at home and abroad.

The full implementation of the strategy requires stronger top-level design and measures, and more concerted efforts.

Efforts should be made to ensure the country's grain output remains above 650 million tonnes, solve the two key issues, namely seed and arable land, and secure a good start for rural and agricultural modernization, according to authorities.

FINANCIAL RISK PREVENTION

It is important to accurately judge the current financial risk situation as China has seen increased downward pressure in economy, risks and challenges at home and abroad, and debt risks in some enterprises since the second half of the year.

After years of hard work, the country has made great progress in preventing and defusing major financial risks, and has prevented systemic financial risks.

Authorities have noted that while there are individual issues in the real estate market, the risks are generally under control.

The country's top legislature has just adopted a decision to authorize the State Council to pilot property tax reforms in certain regions.

The move aims to advance property tax legislation and reform in an active and prudent manner, guide rational housing consumption and the economical and intensive use of land resources, and facilitate the steady and sound development of the country's property market, according to the decision.

The reasonable capital demand of the property market is being met and the overall trend of healthy development in the real estate market will not change, according to authorities. Enditem

Cultural China: Modern models of sci******

BEIJING, Nov. 14 (Xinhua) -- If there is a single theme throughout the history of science and technology in China, it is self-improvement.

An ancient Chinese saying from "Zhou Yi," or "The Book of Changes," written over 2,000 years ago, goes: One should never stop striving for self-improvement and hold the world with virtue.

Chinese scientists Gu Songfen and Wang Dazhong, who won China's top science award this year, are modern models of the self-taught man.

Born in 1930, Gu is an aircraft designer at the Aviation Industry Corporation of China, Ltd., the country's leading aircraft maker. At the age of 21, he joined China's aviation industry when it was in its infancy.

In 1956, China's first aircraft design office was established in Shenyang, Liaoning Province, and its first task was to develop the country's first homegrown jet aircraft. Gu was appointed head of the aerodynamics team.

Aerodynamics is the "soul" of aircraft design. The study of the way objects move through the air ensures an aircraft can fly efficiently and carry weapons as well as guaranteeing the stable and safe operation of the engine.

However, in the 1950s, China had no aviation experience, equipment or wind tunnels. Gu decided to teach himself.

After finding foreign texts at the library at Beihang University in Beijing, Gu headed to the capital, borrowed a bike and visited the library every day.

He read a range of books and transcribed all the information he could get his hands on.

Based on that information, Gu came up with an aerodynamic design system and on July 26, 1958, after two years of development, his team celebrated the maiden flight of China's first training jet.

Gu went on to work on the development of the J-8, the country's first supersonic jet fighter, which made its first test flight in 1969 but encountered serious vibration problems during subsequent flights.

To identify the cause of the vibrations, Gu volunteered to observe the aircraft in flight himself.

"We didn't have a camera, so it could only be done by a person," he said. He glued skeins of knitting wool to the J-8's rear fuselage and tail wing to observe their flow during flight.

To get a clear view of the way the wool was disturbed, he required two planes to fly just five meters apart, a great risk for him and his pilot. After several flights, he finally found and fixed the problem.

In 1980, he was in charge of the design of J-8-II, which was required to perform at a much higher level than previous aircraft. In four years, Gu's team achieved the maiden flight of the J-8-II, laying the cornerstone for China's supersonic aircraft design.

Gu's endless curiosity drove his spirit of lifelong learning. He continued his scientific inquiries, translated foreign books, talked with young scholars, and even learned Russian, Japanese and German late in life.

Like Gu, Wang Dazhong's life also reflects a belief in self-improvement. Born in 1935, Wang has dedicated himself to the research and development of advanced nuclear energy technologies.

An internationally reputed nuclear scientist, Wang is former president of China's top-ranking Tsinghua University, which also has self-improvement as its motto.

Over the past six decades, Wang has led his team in blazing a trail, turning China from a latecomer to a leader in advanced nuclear energy technologies.

Wang and his colleagues built from scratch China's first self-developed shielded test reactor at a mountain village in the outskirts of Beijing.

The average age of the design group was under 23, and no one had studied abroad or seen a real nuclear reactor. They started by building engineering models and made designs and calculations with hand-cranked machines.

China's first self-developed nuclear reactor was completed in 1964 after six years of development.

After Three Mile Island in the United States in 1979 and Chernobyl in the Soviet Union in 1986, Wang set his eyes on inherent safety and concentrated research into a high-temperature gas-cooled reactor (HTGR). Although the development of nuclear energy was at a low ebb globally, Wang's resolution to continue in the field was unshaken.

In 1986, Wang and his team again started from scratch to develop a 10MW HTGR and it reached full-power operation in 2003. Its completion ushered in a new generation of nuclear energy systems that effectively eliminate the possibility of reactor core meltdown.

From there, Wang and his team spent years promoting the transition from experimental reactors to industrial-scale prototype reactors. Their achievements helped China independently master modular HTGR technology, and create a comprehensive development chain, from basic scientific research to commercial manufacture.

Likening scientific research to climbing mountains, Wang said the road to success is full of difficulties and risks and requires the ability to analyze problems, the courage to explore uncharted territory, and resilience in the face of failure.

The lives of these two scientists illustrate the ancient saying and echo the call by Chinese leaders to uphold the central role of innovation in China's modernization drive and to be self-reliant in science and technology as a strategic underpinning for national development. Enditem

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via:dcfever

Market exchange rates in China******

BEIJING, Oct. 21 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Thursday by the China Foreign Exchange Trade System:

Currency Unit Central parity rate in yuan

U.S. dollar 100 638.90

Euro 100 744.42

Japanese yen 100 5.5853

Hong Kong dollar 100 82.187

British pound 100 883.03

Australian dollar 100 480.40

New Zealand dollar 100 459.86

Singapore dollar 100 475.62

Swiss franc 100 695.23

Canadian dollar 100 518.40

Malaysian ringgit 65.11 100

Ruble 1,108.14 100

Rand 225.55 100

Korean won 18,379 100

UAE dirham 57.50 100

Saudi riyal 58.724 100

Hungarian forint 4,867.18 100

Polish zloty 61.553 100

Danish krone 99.95 100

Swedish krona 134.45 100

Norwegian krone 130.06 100

Turkish lira 144.333 100

Mexican peso 316.53 100

Thai baht 522.16 100

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

The central parity rate of the yuan against the Hong Kong dollar is based on the central parity rate of the yuan against the U.S. dollar and the exchange rate of the Hong Kong dollar against the U.S. dollar at 9 a.m. in international foreign exchange markets on the same business day.

The central parity rates of the yuan against the other 22 currencies are based on the average prices offered by market makers before the opening of the interbank foreign exchange market. Enditem

赛后握手时,图赫尔与孔蒂继续对线

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2.打仗在某种意义上就是打保障:"打不断、炸不烂的钢铁运输线"

3.台军终于有动静了 参加演习的火炮在军事博物馆里也有

4.三姐妹考上大学后,忍不住问母亲为何重男轻女

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