Central bank vice-governor voices confidence amid currency volatility
The monetary authority vowed to stabilize the renminbi amid escala
ted trade tensions, while continuing to push forward financial opening-up and pr
otecting overseas investors’ legal rights, said a senior official from the central bank on Sunday.
“We have the foundation, confidence and capacity to maintain a stable foreign exchange ma
rket in China, and keep the renminbi exchange rate at a reasonably stable equilibrium,” said Pan Gongsheng, vi
ce-governor of the People’s Bank of China, the central bank, said in a statement on its website.
Before his pledge, the onshore renminbi rate depreciated to 6.9182 per do
llar at Friday’s close, the weakest level since December, and the offshore renminbi rate h
ld correct our mistakes when we have made any and guard against them when we have not.
The Party should address young people’s concerns in employment,
starting business, integrating into the society, love, marriage and making friends, carin
g for the elderly and raising children, so as to create favorable conditions for their development.
We should educate and guide young people to view the world pr
operly, to understand the national conditions comprehensively, and to grasp the trend of the era.
Communist Youth League asked to mobilize youth for Chinese Dream
The Communist Youth League of China (CYLC) shall unite and lead Chi
nese youth of the new era to strive for the Chinese Dream of national rejuvenation.
The CYLC should serve their duties of guiding and uniting the youth, mobilizing them, connecting them and providing services.
Youth urged to have concerns for humanityThe Chinese youth should work for the building of a community with a shared future for humanity.
of 8 kilometers, and each of its shells can scatter dry extinguishing agents over about 20 squa
re meters. The gun features high mobility and accuracy, and is suitable for suppressing big fires, it said.
This is not the first time Norinco, the country’s largest arms producer for land weapons, has enter
ed the realm of firefighting. Before the gun, the company had developed and sold a series of firefighting tanks.
With the chassis and armor of a combat tank, the vehicles can protect crew members from fire, explosions and bui
lding collapses, and can cross half-meter-high obstacles or 2-meter-wide trenches. They have automatic spray dev
ices and fireproof coatings that can keep scorching heat out of the vehicles’ interiors.
The tanks can get closer to the scene than a fire engine for search-and-rescue missions, Norinco said.
Using 520-horsepower diesel engines and equipped with hydraulic devices
, the tanks can clear away obstacles weighing up to 15 metric tons. Their metal tracks allo
w them to operate on slopes, in rocky terrain and in the debris of collapsed buildings.
mmercial Aircraft Corporation of China, Ltd. (COMAC), for example. At the earliest, COMAC will get the airworth
iness certificate for C919 in 2021. Besides, just obtaining the certificate does not reduce even a bit of the difficulty in making and delivering the aircraft.
As the history of aircraft manufacturing shows, it is almost impossible for manufacturer
s to obtain airworthiness certificate and deliver aircraft to the purchasers on time. More often than not, aerospace companies ta
ke several years more than the promised time to deliver the aircraft. For instance, both Boeing 787 Drea
mliner and Airbus 380 were delivered years behind schedule. Which means delayed delivery is a norm in the aerospace industry.
In short, it would take decades for Chinese manufacturers to mass-produce airplanes irrespective of the rise and fall of other aircraft makers.
China has made great strides in industrialization during the 40 years of reform and opening
-up, but for that it learned from developed countries’ experiences and put its own experiences to good
use. The complete system of research, development, safety, production, supply chain and service that took Boein
g and Airbus decades to establish should be what Chinese aircraft manufacturers should strive for. With continuo
us efforts, C919 could earn its place in the civil aviation industry－perhaps 10, even 20, years later.