eign exchange reserves at $3.095 trillion at the end of April. The reserve amount was stable, altho
ugh it slightly retreated from $3.098 trillion at the end of March, according to the State Administration of Foreign Exchange.
Li Yang, director of the National Institution for Finance and Development of the Chinese Academy
of Social Sciences, said that China is unlikely to sacrifice foreign exchange reserves to de
fend its currency, even if depreciation pressure rises amid any escalation in trade tension.
In May, the offshore RMB exchange rate against the US dollar dropped more than 3 percen
t under market pressure as global investors worried about the escalation of trade friction.
Guo Shuqing, Party secretary of the People’s Bank of China, the central bank, said on Monday that higher US tariffs on Chin
a’s imports triggered financial market volatility, and this also affected the offshore RMB.
China, with related hashtags getting more than 150 million views on Weibo.
Eunice Yoon, Beijing bureau chief and Inside China host at CNBC Interna
tional, tweeted to Regan that 120 million people viewed a Chinese hashtag that she tran
slated to: “Fox News female anchor challenges debate after being accused by CCTV for being emotional”.
Yoon, incidentally, was a former classmate of Regan’s at Phillips Exeter Academy, a prep school in New Hampshire.
“Seeing the kind of reaction online, I want to say, it’s important for us to have a meaningfu
l discussion to try to understand each other better. I appreciate the opportunity,” Liu wrote on May 24.
Liu has been working at CCTV since 1997, after graduating from Nanjing University’s English studies program.
in 2018, up 10.9 percent year-on-year with mobile games accounting for 47 percent of the total at $63.2 billion, up 12.8 per
cent year-on-year, gamesindustry.biz reported citing statistics from market analysts Newzoo.
China’s actual sales revenue of gaming industry rose 5.3 percent year-on-year to 214.44 billion yuan ($31.11 billion) last year, accounti
ng for 23.6 percent of the global gaming market, Financial Times reported, adding that social respo
nsibility should be an important part of gaming industry development.With the approach of full com
mercial use of 5G, local governments in China have intensively introduced their plans on 5G development recently, as r
egions like the Pearl River Delta region, Yangtze River Delta region and Beijing-Tianjin-Hebei region are gearing up t
o cultivate industrial clusters valued at trillions of yuan, according to a report by Economic Information Daily.
fever outbreaks, affecting all 31 provinces, municipalities and autonomous regions on the mainland, since the country’s first reported outbr
eak in Shenyang, Liaoning province, in August, according to the Ministry of Agriculture and Rural Affairs.
This resulted in more than 1 million pigs being slaughtered to prevent and control the disease, which is deadly to pigs but does no
t affect people. The ministry has called for intensified research and development to expedite the availability of va
ccines for disease prevention and control, but admitted difficulties due to the complex nature of the virus.
China is the world’s largest producer and consumer of pork, with an annual produc
tion of 700 million pigs. Pork accounts for 62 percent of meat consumption in China, and su