Prudent, neutral monetary policy set 'to continue'The People's Bank of China, the central bank, will allow the market to play a bigger role in determining the yuan's exchange rate while maintaining a prudent and neutral monetary policy this year, a top official said on Monday.China will continue to deepen the reform of the yuan's exchange rate mechanism, based on market supply and demand and adjust it according to a basket of foreign currencies, Yi Gang, vice-governor of the PBOC, wrote in an article in a local magazine.The currency's exchange rate mechanism will be "managed and floating". It will be more flexible when both up and down fluctuations may become the normal trend, said Yi, who also mentioned that the financial regulator will take "counter-cyclical measures" to adjust cross-border capital flows."The steady progress of the market-oriented reform on yuan's exchange rate is able to effectively enhance the resilience of the Chinese financial sector to tackle external shocks", said Yi.The central bank official reiterated in the article that the country's monetary policy will remain "prudent and neutral" in 2018, to control the total money supply, while continually pushing forward financial reforms to let the market play a decisive role in resource allocation.The top financial regulators are considering including shadow banking activities, real estate financing and fintech under the broad supervisory framework, known as the macro prudential assessment framework, to tighten regulation in those areas and prevent systemic financial risks, said the official.Economists and experts predicted that the Chinese monetary policy might have a tight bias this year, influenced by the world's major central banks that might gradually withdraw the abnormal monetary easing since the global financial crisis as the global economy shows signs of recovery.Wei Jianguo, former vice-minister of commerce, told China Daily that the change in big central banks' monetary policy tone from easing to normalization, especially when the United States Federal Reserve determined to reduce asset purchases and predicted another two or three interest rate hikes this year, will bring challenges for Chinese policymakers.It might result in certain floating losses of overseas assets held by the Chinese government, as China holds a large amount of US Treasury bonds and the interest rate hikes will reduce the bonds' price, according to Wei."The Fed's interest rate hikes will add more pressure on China as cross-border capital outflows may accelerate, and it would become more difficult to maintain relatively balanced capital flows," said Wei.
Public service is another field many local businesses are aiming for. Fujian Electronics & Information (Group) Co Ltd has already been successful in digitalizing government services. By building shared data systems based on cloud computing, the company's e-government platform cooperates with more than 150 public departments in Fujian, improving government work efficiency and making it more convenient for residents and businesses to handle affairs with the government.
Qin Fei, general manager of Vivo's telecom research institute, said the company's 5G smartphone will hit the streets in August and the testing speed of its model has reached one gigabit per second.
Qingdao, 10 June 2018
Qualcomm is the world's largest maker for smartphone chips. It is in the process of closing a billion bid it made last year for automotive chipmaker NXP Semiconductors NV. A combined Broadcom-Qualcomm-NXP would have dominant control over modems, Wi-Fi, GPS and near-field communications chips, all important components in smartphones and internet-connected vehicles.
Qumulo’s talk focused on how it’s making the next generation of storage systems both for enterprise and the cloud. I hadn’t realized that the market opportunity in storage is so tremendous. The company expects 50x growth in storage by 2020. Working in data storage seems like a really good space to be, with interesting scalability challenges.
江门难管高中生特训学校
Purchasing and rental:? Even though Amazon Prime subscribers can quickly access a large library of content at no extra charge, the full library of Amazon movies and TV shows is many times bigger, and plenty of people don’t subscribe to Amazon Prime. However, it’s not possible to rent or buy videos from Amazon inside the Xbox Live app.?Instead, Amazon requires users to make the purchases separately on a tablet or computer. They’re then available inside the Amazon app on Xbox Live.?This probably has something to do with not wanting to split the revenues with Microsoft, or not wanting to work with the Redmond company’s e-commerce system, but seriously, this type of thing is absurd in this day and age. Thumbs down.
Qifeng, born in 1990, went missing on Jan 8, 1994, when her parents working as fruit vendors turned their attention away from her to the customers. From that moment on, the couple started their journey of finding their daughter.
Quality authorities in China have made great efforts in quality supervision in recent years and have established mechanisms for cooperation and exchanges with more than 100 countries and regions, with 1,366 agreements of cooperation signed, said Zhi Shuping, minister of the General Administration of Quality Supervision, Inspection and Quarantine, China's top quality watchdog.
Proposed in 2013, the Silk Road Economic Belt and the 21st Century Maritime Silk Road aims to build trade and infrastructure networks connecting Asia with Europe and Africa on and beyond the ancient Silk Road routes.