Pan particularly stressed the need to strengthen regulation of systemically important financial institutions and financial holding companies.
Passengers board the winter tourist train of Shenyang Bureau Group Co of China Railway. [Photo provided to chinadaily.com.cn]
Participants gather for the sixth McHappy Run in Beijing. [Photo provided to chinadaily.com.cn]
Part 1 US Women are Facing Serious Employment and Occupational Discrimination. According to statistics, women account for more than 46 percent of the total US labor force and are an important driving force in North America's economic growth. Nevertheless, women's labor rights are not protected accordingly. Some of the major problems in this regard are as follows: First, occupational gender segregation is obvious in the United States. Jobs in high-tech and high-prestige sectors are filled significantly more by men than by women. In the United States, women are mainly employed in a limited number of sectors for secretarial work or retail positions. Despite an increasing number of people working in the science and technology sectors in the United States, the number of women working in these sectors has dropped significantly, accounting for only about 1/4 of the total number of people working. In the top 25 technology companies in the United States, female employees account for only 19.6 percent of all employees. Second, in the United States, the unemployment rate for women is significantly higher than that of men. According to an employment report released by the US Bureau of Labor Statistics, from October 2016 to October 2017, retail jobs in the United States decreased by 54,300. However, the impact on men vs. women was quite different. During this period, women lost more than 160,000 jobs, while 106,000 new jobs were added for men. Third, discrimination against pregnant women and new mothers remains widespread in US workplaces. In the United States, pregnant women and new mothers have to contend with employment discrimination. Many employers do not respect the Pregnancy Discrimination Act (PDA), and pregnant female employees are often forced to leave their jobs. Fourth, when it comes to career development, US women can hardly obtain the same development opportunities as US men, and it is also difficult for them to break the "glass ceiling" when competing for jobs against men. A survey reported on the website of the San Francisco Chronicle on December 21, 2018, in the United States, showed that half of the female interviewees working in science and technology jobs have experienced gender discrimination in the workplace, and about 70 percent of them said that there were too few women in political and business leadership positions.
Pan Gongsheng, director of the State Administration of Foreign Exchange and a central bank deputy governor, stressed at a forum in Hong Kong on Tuesday that China is "confident in maintaining the renminbi basically stable" at a reasonable level.
PJCS TransContainer, Russia's biggest container operator, has announced a plan to expand its China business in response to the soaring cargo transit demand between China and Europe under the Belt and Road Initiative.
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Pan Gongsheng, deputy governor of the People's Bank of China, the central bank, and also head of the State Administration of Foreign Exchange, wrote in a Chinese newspaper article published on Wednesday that "two-way" cross-border capital flows will be "normal" in the future and the total capital amount will "generally remain balanced", which economists said means there would be more ups and downs in the value of the yuan instead of one-way movement.
Participants of the virtual meeting asked Multilateral Development Banks to "swiftly consider ways to strengthen financial support for countries' access to COVID-19 tools".
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Parts of Kangaroo Island, a wildlife-rich tourist spot off the southeastern coast, were again evacuated and a town cut off as fire closed the only road. A third of the heavily forested island has already been turned to ash.