Students to be vital cogs in travel sectordents born betwe

College students born between 1995 and 2000 are becoming a vital new part of the dynamic travel market in China, with most of th

e young students making their first summer trips after enrolling in colleges, a new study said.

Though the motivation for making tours is relatively high among college students, their choices are

limited due to economic constraints with price being the major criteria for booking flight tickets, said the stud

y conducted by Qunar, an online travel firm owned by Ctrip, China’s largest online travel agency.

During summer vacations, students tend to choose flights that depart b

tween midnight and 2 am, as well as between 5 am and 9 am. The number of bookings of red-e

ye and budget flights is nearly three times higher than other regular flights, the Qunar study said.

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efits and collaborative innovations – like the launch of

 the Global Innovation Exchange project in 2017 brought together by M

icrosoft, China’s Tsinghua University and the University of Washington, he said.

Habib said relations with China have also benefited Boeing, another major company in Washington.

“There’s no question that China is the most significant destinati

on for aerospace,” said Habib, as China “has the biggest middle class and it’s growing. Alon

g with that comes a tremendous increase in demand for both passenger travel and freight mobility.”

Habib also applauded China’s interest in Washington’s agricultural products

such as apples and cherries, and specifically mentioned tourists and students from China.

With the current trade disputes between China and the US, however, Habib is seeing some frustration in his state.

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Moreover, it will be tasked with conducting real-time

 monitoring on high-risk pathogenic fungi and outbreaks of fungal diseases, issuing early

warning and taking measures to prevent and control major infections, the commission added.

Once high-risk pathogens, multidrug-resistant or pandrug-resi

stant “superfungi” are detected in routine tests,

relevant information shall be reported to the network in real time, the commission said.

Beijing authorities have continued efforts to plant trees to improve the eco-system in the capital city.

According to the municipal forestation bureau, so far, 7.2 million trees have been planted

over an area of 11,867 hectares, completing 77 percent of the forestation plan for the whole year.

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RMB’s value determined by market forcesce forex rese

Beijing will not sacrifice forex reserves to defend its currency, analysts say

China would rather rely on market-oriented forces to determine the renminbi’s value than defend its currency by d

ipping into its $3 trillion foreign exchange reserves amid trade disagreements, analysts said.

The United States Treasury announced on Wednesday that it could not label China a

s a “currency manipulator” after Washington monitored the recent performance of the RMB.

No evidence was found to show Chinese monetary authority intervention in foreign exchange markets over the past sev

eral months, according to the US Treasury’s semiannual foreign-exchange report to Congress.

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Liu, who turned himself in, stepped down in Janua

ary as chairman of the China Securities Regulatory Commission, a position he kept for three years before being replaced by Yi Huiman.

The central commission said in the statement that Liu is cooperating with the probe.

hina’s housing regulator has warned four Chinese cities over price rises in the past three months, the Economic Observer reported.

Local governments of Foshan, Suzhou, Dalian and Nanning were urged by the Ministr

y of Housing and Urban-Rural Development to stabilize land and housing prices as well as market expectations.

This came a month after six other cities were also warned over similar reasons on April 19.

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than 10 million visitors each year. Architect Ieoh Ming Pei

World-renowned architect Ieoh Ming Pei, commonly known as I.M. Pei,

has died at the age of 102 at his home in Manhattan, according to multiple reports on Thursday.

Praised as “one of the most revered architects in the world” by The New York Times, Pei has le

ft the world many of its most well-known architectural designs, among many other intangible heritages.

Pei’s modern designs and high-profile projects led him to be considered one of the most high-prof

ile architects of the 20th century, with the renovation of Paris’ Louvre Museum perhaps the most famo

us project he embarked on. He was also involved in the building of the Rock and Roll Hall of Fame in Cleveland.

What Pei valued most in architecture, as he put it, was that it must “stand th

e test of time”. He also valued simplicity: “The simpler the solution, the more powerful it is,” he once said.

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The move followed a State Council decision in April to es

tablish a policy framework for applying a fairly low RRR for small and medium-

sized banks in a bid to lower financing costs for MSEs.

Home prices in 70 major Chinese cities continued to stabilize despite slight increases in April, official data showed Thursday.

New home prices in four first-tier cities — Beijing, Shanghai, Shenzhen and Guangzhou — increased 0.6 percent month

on month in April, up from the 0.2-percent increase in March, said the National Bureau of Statistics (NBS) in a statement.

New home prices climbed 0.8 percent in 31 second-tier cities, and rose 0.5 percent in 35 third-tier cities.

As for resold homes, prices in the four first-tier cities reported a 0.4-percent growth mo

nth on month, while those in 31 second-tier cities went up 0.6 percent, narrowing from the 1.2-percent increase in March.

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Over the years, many people have been calling for hotels

 not to provide disposable daily necessities. But some customers say not providing the items would cause them inconvenience.

A latest survey by Ctrip.com shows that more than 80 percent of clients back hotels not providing disposable daily necessities.

Beijing’s Yanqing district plans to help more than 20,000 primary and secondary scho

ol students master skiing and skating skills over the next three years, a move designed to spur enth

usiasm among the district’s residents for the Beijing 2022 Winter Olympic Games and beyond.

Set to run from Feb 4 to 20 in 2022, the Winter Olympics will be held in Beijin

g and co-host city Zhangjiakou in adjacent Hebei province in less than 1,000 days.

Yanqing, 74 kilometers northwest of central Beijing, will host several events, including Alpine skiing, bobsled, skeleton and luge.

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According to a Palace Museum statement, Shan retired

April 8 and was succeeded by Wang, former director of the Dunhuang Academy.

Shan is well known for his innovative changes to the Palace Museu

m, such as the introduction of a light show during the Lantern Festival.

By the end of 2018 over 80 percent of the Forbidden City had opened to visitors, compared with only 52 percent in 2014.

The Palace Museum established the Palace Museum Research Institute in Nove

mber 2013 as an unincorporated organization for scholarly inquiry and exchange.

The institute includes Palace Museum Institute researchers, scholars in the Palace Museum, and oth

er Chinese and international scholars, all coming together in an atmosphere of open scholarly exchange.

With a sustainable approach, the academy seeks to lead in scholarly developme

nt, formulate research strategies, evaluate scholarly writings, realize Palace Museum research goals, tra

in talent, publish quality material, and conduct international academic exchange.

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It is welcome news to hear that the National People’s

Congress has already taken steps to lay the groundwork” for implementing the new Fo

reign Investment Law, said Gupta, who brought up the possibility of China establishing “an ombudsperson’s desk” in

related government agencies to address foreign businesses’ legal concerns.

Gupta said China’s Foreign Investment Law could be a model for others looking to liberalize their foreign investment regi

mes, as China’s BRI is already delivering capital and know-how to other developing countries.

Overholt said that China’s past opening-up has been “extremely positive” gl

obally, and the BRI is a “very positive” vision that is good for China and the world.

“The key will be the implementation,” he said. “If the implementation is improved, it would be good for everyone.”

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