Zhao Qingming, chief economist at the China Financial Futures Exchange's Institute for Financial Derivatives, said: "Safety and liquidity are the two major goals for foreign exchange reserve management in China, with safety being the primary goal. Holding such a huge amount of foreign exchange reserves, it is reasonable that the managers are highly risk-averse, preferring to invest most of the reserves in safe assets."
Zhang said that he started planting peach trees 15 years ago. He used to be a carpenter and often made wooden furniture, so, when planting peach trees, he liked to collect the roots of various materials and use them for making ornaments, tables, chairs, figures, flowers, birds, and other root carvings.
Zhao Ming, president of Honor, said the company is designing MagicBook with the philosophy and attitude of a mobile smartphone.
Zhao Liying announced her marriage to actor Feng Shaofeng on Oct 16, 2018. [Photo/Weibo account of Zhao Liying]
Zhang said he felt hopeless about convincing government officials, and so he turned to the TV programs.
Zhou Bing, global vice-president of US tech giant Dell Technologies, highlighted Shenzhen's two significant advantages. One is a solid scientific and technological foundation, and the other is a vibrant gathering of small and medium-sized enterprises.
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Zhou Guangsu, an associate professor at the School of Labor and Human Resources at Renmin University of China, said on-demand food delivery services have not only stimulated growth of consumption, but also promoted the upgrade of consumption and injected new vitality into the economy while boosting employment.
Zhang said China has traveled a journey in several decades that took developed countries several centuries.
Zhang said that the global economy is plagued with uncertainties, as the spread of protectionism is disrupting global supply and industrial value chains and undermining world trade. This is compounded by acts of bullying, which are jeopardizing global peace and stability.
Zhao Bin, senior vice-president of legal and government affairs at technology multinational Qualcomm, said the new paradigm of development shows China "as an important driver of change", with latest 5G developments in the country showing that "achievements can be made with Chinese partners".