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The PBOC is going to combine benchmark bank inte

erest rates and t上海贵族宝贝女神会所he short-term money market rate, said Huang, and the seven-da

y repo rate may finally be chosen as the policy rate. “The benchmark rates will eventually be removed.”

“When that happens depends on whether banks’ lending and deposit rates can efficiently and qu

ickly respond to the changes in the policy rates-that is something we need to work on,” he said.

In the first quarter, the central bank urged commercial banks to extend more loans and lower the lending rates for sma

ll and private businesses. A more difficult reform is pushing forward market-based interest rate reforms.

In light of the trade tensions, the RMB exchange rate will be more flexible, Huang

said. As for the money flowing in and out of China, Huang said he thinks the control should be loosened, “but th

ere are still some areas we are not feeling comfortable leaving the doors wide open”.

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The US side has conducted a series of negative rheto

ric and actions regarding the Taiwan question, violated the one-

China principle and the three China-US joint communiques,” he said.

“This has undermined China’s sovereignty and security, sent a seriously wrong message to Taiwan secessionists, and

disrupted regional peace and stability,” Shao said, adding that China must, and will be, reunified.

“If anyone tries to separate Taiwan from the mainland, the Chinese

military will adamantly protect its territorial integrity at all costs,” he said.

As for the South China Sea, Shanahan accused China of undermining fr

eedom of navigation and overflight in the region, and militarizing the local islands.

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Taiwan-based TSMC, the world’s biggest contract chipm

aker, said its shipments to Huawei have not been affected by the US

ban on the latter’s access to US components, Reuters reported on Thursday.

On Monday, the US Department of Commerce issued a 90-day

temporary license, effective until Aug 19, allowing “specific limited engagement in tra

nsactions involving the export, reexport, and transfer of items” to Huawei.

Some analysts said the US moves against Huawei will lead to strong support for the

unlisted Chinese firm as Huawei is working hard to offset the fallout of the restrictions.

Xiang Ligang, director-general of telecom industry association Information Consu

mption Alliance, said TSMC’s commitment to continue shipping products is of strate

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China home to over 200 unicornsReportcial Services Grou

China in 2018 had 202 unicorns valued at a combined total of $744.6 billion, according to a Greatwall Strategy Consultants report.

A unicorn is a privately held startup valued at more than $1 billion.

Seven of the companies are considered super unicorns – companies valued at more than $10 billion, the report said.

They are Ant Financial ($150 billion), Bytedance ($75 billion), Didi Chuxing ($60 bi

llion), Kuaishou ($20 billion), JD Digits ($20 billion), Cainiao ($20 billion) and Bitmain ($14.5 billion).

China’s unicorns come from 22 industries, with e-commerce, smart logis

tics, new entertainment, artificial intelligence, and new energy and smart vehicles the top five sectors.

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This facial recognition app tells one panda from another

Having trouble discerning one furry panda from another? A facial recognition app will make it easy for you.

The app is developed by the China Conservation and Research Center for Giant Pandas

along with researchers in Singapore Nanyang Technological university and Sichuan Normal University.

The image analysis research kicked off in 2017. A database now contains about 120,000 images and 10,000 video clips of giant pandas.

Close to 10,000 panda pictures have been analyzed, marked and annotated.

Using the database, researchers are able to carry out automa

tic facial recognition on panda faces to tell one animal from another, the center said.

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Although some hospitals have established such comm

mittees, many of them are loosely organized and incapable of ethical inspect

ions to ensure people’s lives and health in cases of highly risky clinical trials, he said.

Zhai of the Chinese Academy of Medical Sciences said existing regulations for oversight of the

life sciences come from various government departments and don’t sufficiently deter violations.

“Higher-level legislation is needed to establish law to hold violators criminally accountable and deter any similar behavior,” she said.

Uber Technologies Inc’s conservative initial public offering could not keep its shares from s

inking in their trading debut on Friday, fueling debate on Wall Street over whether the outcome of the m

ost anticipated listing since Facebook Inc would weigh on other Silicon Valley unicorns.

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Because of the advanced basic research and the imp

roved research environment, I think there’s no doubt that China will see more innovati

on on the development of cancer drugs and cancer treatment research in the future,” he said.

Chen said most Chinese scientists and researchers focus on translational resear

ch that applies a new discovery from basic research and moves it along toward clinical practice.

“But I think Chinese scientists need to focus more on making innovative and new dis

coveries from basic research and develop new methods for cancer treatment from that,” he said.

China and the US are working together in many medical research areas, Chen said, citing the clinical practice cooperation bet

ween China and large US pharmaceutical companies, which he said is “huge now”.

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The e-card, which applies across the country as a n

tionally unified social security card, can be used as a recognized form of ID and

contains functions such as information reco

rds, self-service enquiries, medical insurance settlements and payments, and financial payments.

Each electronic social security card corresponds with an actual social security card. Therefore, card holders can get t

hings done by scanning the QR code of the e-card even if they forget to bring the actual social security card.

The first electronic social security card was issued in Qingdao, East China’s Shandong pro

vince, in April 2018, and the e-card has been rapidly growing in popularity because it is easy to obtain and use.

An official from the ministry said that more than 25 percent of the social security card holders will have e-cards nex

t year, and a nationwide unified social security card system will cover the payment and settlement.

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PetroChina posts steady revenue growth inonal Petr

PetroChina, China’s largest oil and gas producer, reported steady revenue growth in the first quarter.

The oil giant generated a business revenue of 591 billion yuan ($87.8 billion) in Q1, up 8.9 p

ercent year-on-year, according to its financial report filed with the Hong Kong Exchanges and Clearing Limited Monday.

The net profit attributable to shareholders edged up 1 percent year-on-year to 10.3 billion yuan, according to the document.

PetroChina described its oil and gas production and operation activities in Q1 as a good sta

rt to the year, giving credit to the upward trend of the international oil price and booming demand for natural gas.

PetroChina and its subsidiaries’ output of crude oil saw a 4.6-percent rise year-on-year to 223.4 millio

n barrels in Q1, while its output of marketable natural gas grew 8.9 percent to almost 1 trillion cubic feet.

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As the social sector plays a crucial role in the dev

elopment and popularization of sports, including winter sports, we sh

ould advocate and support its growth. Since the winter sports industry is part of the gene

ral sports industry, the expansion of the former automatically means the expansion of the latter.

Some local governments have used winning the bid to host the 2022 Winter Games as an in

spiration to popularize winter sports among children and youths. For example, some departments have

hosted various theme activities to spread knowledge about and attract more people to winter sports.

Since advancement in winter sports also signifies a country’s comprehensive sports s

trength, we should make concerted efforts to develop winter sports in China.

Zou Xinxian, director of Management School, Beijing Sport

University
The views don’t necessarily represent those of China Daily.

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