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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
Praising Tianjin’s efforts and achievements in intelligent sc
ience and technology, Liu Chuanzhi, board chairman of Legend Holdings Co Ltd, pred
icted the city will make a qualitative leap in two to three years by combining intelligent technologies with manufacturing.
Liu, also founder of Chinese computer giant Lenovo, said his company, like Tianjin, considers intelligent technology a new imp
etus. Lenovo is working on many intelligent applications and has invested in many high-tech ma
nufacturing enterprises. It uses various artificial intelligence-driven algorithms and machine learning to ana
lyze the data of its supply chain system, using it to optimize Lenovo’s new intelligent spare parts supply chain.
Liu Qingfeng, chairman and CEO of iFlytek, said the company has developed a series o
f products driven by AI applications, based on small samples over the past year.
The company’s latest technological breakthrough is for the first tim
e its machine has surpassed humans in English reading comprehension, Liu said.
He said that he believes AI in 2019 has entered the year of large-scale application.
The Central Conservatory of Music will hold a festival from May 23 to 27 to celebrate the 80th anniversary of The Yellow River Cantata.
Written by composer Xian Xinghai (1905–1945) in Yan’an, Shaanxi pro
vince, in early 1939, the piece was inspired by a patriotic poem by Guang Weiran, and the lyrics
were adapted for the cantata. Premiered on April 13 of the same year in Yan’an, the work became, and remains, popular.
The conservatory’s symphony orchestra, choirs and chamber music grou
ps will join in the festival with 20 concerts, including the opening concert on May 23 condu
cted by Yu Feng, president of the university. The Yellow River Cantata will be performed by young singers.
Veteran Chinese musicians and singers, including Guo Shuzhen and Wang Xiufen, will perform during the festival.
Besides concerts, masterclasses and forums will be held in Yan’an.
The music festival will also celebrate the 70th birthday of the country.
ns in February for the clinical application of new biomedical technologies, stipulating that clini
cal research that involves human trials, including gene editing, stem cells, organ transplants be
tween species and assisted reproductive technologies, must secure the approval of the commission in advance.
Under the draft, which is yet to be adopted, violators may face punishments including fines, revocation of business permits or criminal charges.
The commission this year will complete its revision of an existing r
egulation on ethical inspection of human-related biomedical research that was adopted in 2016.
Authorities are also considering establishing a national ethics co
mmittee that supervises life science technologies and researchers to ensure compliance wi
th ethical standards, Huang Jiefu, former vice-minister of health, told China Daily in an earlier interview.
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 nursin
g services for the elderly 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 pro
vide beds to the elderly at home, so family doctors can provide treatment there, she said.
“The disabled, whether fully or partial, will be the priority in nursing services,” Jiao sa
id. “We will release a detailed standard for evaluating nursing services for the disabled elderly
various social conflicts, and said efforts must be made to address legitimate and lawful concerns to safeguard public int
erests, and also guide the public in voicing their concerns in a law-based manner to maintain social order.
Strong pressure must be maintained to crack down on crimes such as organized gang activity, violent and terroristic cri
mes, as well as those related to fraud, robbery, food and drug safety, and environmental protection, Xi said.
Calling social fairness and justice a lifeline for judicial and law enforcement work, Xi called for improving the mec
hanism of the use of power in law enforcement as well as the supervision over such powers.
Efforts should be made to help the public feel fairness and justice in every case, Xi said.
He also urged public security staff to improve their work so that human rights can be guarant
eed while crime is fought, and fairness can be ensured while efficiency of law enforcement is pursued.