Skip to content
enced the renminbi’s performance, said Wang Shengzu, co-head of Investment Strategy Group Asia Goldman Sachs.
But the currency is unlikely to slip out of a reasonable range, assuming there is no big shock from the trade talks, Wang said.
As a sound base for a stable renminbi, “the Chinese economy has shown sig
ns of bouncing up, shown by the faster-than-expected growth of industrial output, ret
ail sales, and credit in the first quarter, and this means that economic activity is improving with supportive pol
icies”, said Wang.Liu Shiyu, China’s former top securities regulator, was under investigation for alleged violations of
the law, according to a statement Sunday from the Central Commission for Discipline Inspection.
she buys cosmetics, handbags and clothing from top brands through cross-border e-commer
ce platforms every month. Sometimes, she drives for one to two hours to neighboring bigger cities, such a
s Wuxi in Jiangsu, and Shanghai for shopping. She also plans two or three overseas trips every year.
“I don’t have any housing or car loans, and don’t have to worry about daily costs, as I live with my parents. I usually spend all my sa
lary on daily consumption and entertainment, which is quite common for people such as myself,” she said.
Jason Yu, managing director of Kantar Worldpanel, said small-to
wn youths look to the internet for the latest information, products and lifest
yles. The gap between young people in lower-tier cities and those in metropolises has narrowed greatly.
“Small-town youths now have broader horizons, are well informed, and some have even started to lead ‘avant-garde’ lifestyles,” he said.
old student from Xidian University in Shaanxi province, died from a rare cancer of the soft tissue. Wei was re
searching the disease on Baidu and came across an advertisement for treatments that proved ineffective.
After Wei’s death, Baidu announced a sweeping restructuring and optimization of its medical business, especially regardi
ng its paid listing practices. It also tightened regulations on medical promotion and enforced clear labeling rul
es that differentiate advertisements from credible medical information, according to media reports.
However, medical advertising remains one of the key sources of income for Baidu, and some are still trying to exploit the s
ystem. In April, the police in Shenzhen, Guangdong province, detained a team of medical fraudsters who drove up r
ankings on Baidu’s research results to promote faulty hospitals to patients, local authorities said.
satellite in 2021, so the (Cambodian) government hoped that someone could learn something abo
ut spacecraft. But there is no school in Cambodia that teaches such a thing. So here I am,” Chea said.
China has signed an agreement with Cambodia to develop, make and launch the Southeastern Asian nation’s first sat
ellite in the next few years. The satellite, Techo 1, will be used for communications.
Moreno Pena, on the other hand, has 11 years’ experience at the Bolivarian Agency for Space Activities, Venezuela’s sp
ace organization, as an electrical engineer and chief of the spacecraft operation unit.
This is the second time he has come to China as a student. The first time w
as in 2007, when he was selected to take part in satellite application training in Beijing.
He said he came to China this time hoping to expan
d his knowhow on spacecraft and learn how to design and build satellites.