The meeting required Shanxi province, a coal-abundan

t area in North China, to conduct pilot reforms in its energy industry and take the lead in the whole country in areas suc

h as promoting clean and low-carbon energy use and enhancing innovation in energy technologies, it said.

Efforts should be stepped up to build a higher-level, higher-quality food s

ecurity system that is more efficient and more sustainable to guarantee the nation’s grain

reserves, the statement saidThe head of the US-China Business Council, whose members include major US chip

makers that are suppliers to Huawei Technologies Co Ltd, said that the ban on the Chinese telecom giant would come at a co

st to US businesses, and that fair engagement across technologies would be better than decoupling.

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US President Donald Trump, in the name of “national sec

urity”, signed an executive order on May 15 that led the US Department of Commerce to put Huawei and its affilia

tes on an Entity List, which would restrict the sale or transfer of US technologies to the company.

Craig Allen, president of the council, said many of its members are suppliers to Huaw

ei, and all of them have been impacted by the Department of Commerce’s move.

Founded in 1973, the council represents around 200 US companie

s doing business with China, including Apple and Microsoft. It also includes chipmakers Inte

l and Qualcomm, which have said they would stop offering supplies to Huawei until further notice.

The members will follow US law, but there is a cost associated with that, Allen told China Daily.

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The currency’s depreciation was purely caused by mark

et forces, and China has never taken any measures to deliberately devalue the currency to make its exports more at

tractive, said Guo, who is also head of the China Banking and Insurance Regulatory Commission.

According to Guo, the short-term fluctuation of the RMB exchan

ge rate was normal, and the depreciation will not last long given the stable economic growth base.

“Any speculative activities to short the RMB will suffer huge losses,” he warned.

The RMB’s daily trading reference, or the central parity for onshore trading, has been stabilized arou

nd 6.89 per dollar for eight days from May 20, and market watchers said market-oriented depreciation pressure was losing steam.

Yi Gang, the central bank governor, has said several times that the PBOC has ceased

direct intervention in foreign exchange markets, and the performance of RMB is address

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The country will allow overseas investors to trade more

types of onshore commodity futures contracts without registering a Chinese entity, and will continuously improve the relate

d rules, Lu Dongsheng, an official with the China Securities Regulatory Commission, told a forum on Tuesday

Lu also announced other measures to develop China’s commodity fut

ures market, such as accelerating the launch of ricThe Shanghai Futures Exchange will open

up its nonferrous metals futures contracts to foreign investors, Jiang Yan, Party secretary of the exchange, said at the s

ame forum. The bourGuo Shuqing, head of the China Banking and Insurance Regulatory Commissiose will also list a n

ew type of futures contract, TSR20 Rubber, which will be available to both domestic and foreign investors, he sai

d.Lu also announced other measures to develop China’s commodity futures market, such as accelerating the launch of

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In April, the CSRC pledged to promote the opening-up

 of stock index futures. At present, onshore stock index futures are unavailable to overseas invest

ors, and they can only hedge risks associated with investing in A shares through offshore instruments.

“After the stock index futures market opens up, investor bases will dive

rsify, helping China’s capital market achieve a higher efficiency in asset pricing,” Wang sai

d, adding that capital market reform and opening-up is part of China’s moves to promote quality development.

“One of the key priorities this year is to accelerate the development o

f direct financing and the capital market, to strengthen the capital market’s capacity to pr

omote economic growth,” Guo Shuqing, the People’s Bank of China’s Party secretary and head of the China Ban

king and Insurance Regulatory Commission, said in an interview with China Central Television on Monday.

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rche which, under threat from Marine le Pen’s National

has taken a tougher line on protection of agriculture. France, for example, is opposed to including agriculture in transatlantic trade talks.

The Greens are one of the big winners in the elections (even beating Germ

any’s Social democrats into second place), and they will seek to impose strict conditions reg

arding climate change, the environment and human rights on future trade deals. This attitude will also make it dif

ficult to agree a new trade deal with the US, as it has not endorsed the 2015 Paris climate agreement.

Although the nationalist and populist parties now have more seats, it does not mean they will form a united front in the EP. Th

ere are divisions on trade, on the environment and on dealing with China. Some of these parties, such as the Na

tional Front, are seen as firm opponents of free trade, whereas Alternative for Germany and Matteo Sal

vini’s Lega Nord in Italy tend to be more supportive (depending on the content of the trade agreement).

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Cyclists should travel on the right and be aware that rid

t riding against the traffic and parking are not allowed on the bikeway. In t

he event of a bicycle breakdown, cyclists should wheel their bikes to the nearest exi

t and leave the bikeway, keeping to the right side of the road, said the rules. There are eight entrances and exits on th

e 6.5-km bikeway and six of them are equipped with assistive mobility devices for bicycles.

To better meet the needs of commuters, a reversible lane has been introdu

ced on the bikeway, and cyclists should ride in the direction shown on the signs.

Some 11,600 commuters travel between Huilongguan and Shangdi daily, and the ope

ning of the reversible lane is expected to provide convenience to them during rush hours.

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Besides electrified vehicles, Volkswagen and JAC have

also partnered with local authorities in Hefei to test autonomous

driving technologies, including robotaxis and autonomous fleet management, and on-de

mand mobility services, like ride hailing and car sharing, but none of the parties revealed the details.

Kong Xuanyou, vice-foreign minister and special representative of the Chinese government on

Korean Peninsula affairs, will take up his new post as Chinese ambassador to Japan on Thursday.

Kong, 59, is a fluent Japanese speaker. During his 34-year diplomatic care

er, he has spent two-thirds of the time dealing with issues related to Japan.

He has served in Chinese diplomatic missions in Japan on three occasions, and was China’s ambassador to Vietnam from 2011 to 2014.

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Speaking at a regular news conference, Lu said the US sid

de has made various remarks about trade negotiations, with some saying the agreement w

ill come out soon while others saying it’s still difficult to reach an agreement, from time to time.

China’s position has been consistent, Lu said. “The trade frictions should be resolved through friendly con

sultations and negotiations, which must be based on mutual respect, equality and mutual benefit,” he added.

SOUTHAMPTON, England – Nigel Farage’s Brexit Party was se

t to storm to victory in a European election, riding a wave of anger at the failure of Prime Min

ister Theresa May to take the United Kingdom out of the European Union, early results showed.

The country’s two main parties, May’s Conservatives and the opposition Labour Party, hemorrhaged support while sm

aller pro-EU parties did well: the Liberal Democrats were in second place, according to a BBC projection.

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hile the United Kingdom remains deeply divided over Br

ded over Brexit, most agree that it will shape the future of the United Kingdom for generations to come.

Pro-Europeans fear Brexit will undermine London’s position as one of the world’s top two financial capitals and weake

n the West as it grapples with Donald Trump’s unpredictable US presidency and growing assertiveness from Russia and China.

The Liberal Democrats, who campaigned under the slogan “Bollocks to Brexit”, oppose Brexit and want a second referendum to stop it.

The loss of Britain for the EU is the biggest blow yet to more than 60

years of efforts to forge European unity after two world wars, though the 27 other me

mbers of the bloc have shown surprising unity during the tortuous negotiations.

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