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going reform measures have made its financial market increasingly appealing to overse
as investors,” the administration said on Monday in a statement on its website.
“The administration will continue to support the opening-up of financ
ial markets, meet demand from overseas investors to expand investment in the ma
rkets and attract global long-term capital to enter China’s financial markets,” it said.
Given the stable performance of the yuan and expectations of balanced capital flows, China’s fore
ign exchange reserves remained stable in April, reaching $3.095 trillion by the end of last month, co
mpared with $3.099 trillion by March, according to data released by the administration on Tuesday.
China is willing to see the accelerated development of the onshore capital market, said analysts, allowing direct fi
nancing to play a more significant role in allocating savings and investment, and better serve the economy.
It’s very likely that any consensus that could be reached across the Commons would be a softer Brexit than the one May is currently pursuing.
That, I am afraid, is still a fairly open-ended answer. It might mean the need to renegotiate, which would mean a longer exten
sion, which would mean being in the EU elections, which could mean a second referendum, ultimately.
The key point here is that cross-party consensus might soun
d nice, but on an issue as divisive as Brexit, it’s as likely as anything to blow up both main parties.
While things are far from rosy and three weeks is not enough t
ime to sort much, it’s worth noting that while Brexit might not be going terribly well, the last thr
ee years have been a huge learning curve for the entire UK. We know more now than we did.
So while the next bit of the Brexit process might look crunchy, the decisions made in the coming days will not be made lightly.
Zhong Shan, Minister of Commerce; Wang Shouwen, Vice-Minister of Commerce and Deputy China Internatio
nal Trade Representative, and Vice-Minister of Commerce Qian Keming, answered questions on China’s domestic market and all-round opening-up at
a press conference during the second session of the 13th National People’s Congress on March 9, 2019.
China’s total social consumption in 2018 reached 38.1 trillion yuan, up 9 percent ye
ar-on-year, Minister of Commerce Zhong Shan said on Saturday during a media conference.
Consumption contributed 76.2 percent of last year’s economic growth, Zhong said.H
ope is rising for the Sino-US trade talks as both negotiation teams are trying their best to turn the consensus reac
hed between both countries’ leaders into reality, according to the Ministry of Commerce on Saturday.
Tariff hikes do no help any parties, Wang Shouwen, vice-minister of commerce, told a press conference during the two sessions on Saturday.
A mutually beneficial agreement between China an
d the United States will meet both countries’ interest and also the whole world’s expectation, Wang added.
said Van Jackson, a former Defense Department official in the Obama administration.
”Historically, there have been many — I know of half a dozen instances myself personally — where senior North Korean officials were brought around and shown what capi
talist industrialism looks like. They were shown what the stock market floor looks like on the New York Stock Exchange, or they were brought out to so
me tech lab in Silicon Valley,” said Jackson, author of “On the Brink: Trump, Kim, and the Threat of Nuclear War.”
”We’ve shown them what capitalism looks like … the idea that they will see something in Vietn
am physically that triggers something different than what we’ve shown them before is kind of non
sense.”There’s something for both Washington and Pyongyang to like when studying the US-Vietnam relationship.
For North Korea, it’s an example of a single-party communist country that reformed its economy without democr
atizing. For the United States, it’s an example of how to redefine a relationship and make a buck at the same time.
In 1995 — the year Hanoi and Washington normalized relations — US exports to and imports from Vietnam were
worth just $252 million and $199 million respectively. However in the first 11 months of 2018, the US exported more th
an $8 billion worth of goods to Vietnam and imported goods worth $45 billion, according to US Census figures.