Skip to the content
Skip to the main menu
Zhou Xiaochuan, former governor of the People’s Bank of China (PBOC), has won the UK’s 2019 Central Banking lifetime achievement award, according to the publication’s website.
Zhou, the sixth winner of the award, stands out for his high levels of integrity, intellectual ri
gor and bold reforms that have served the public interest in China and elsewhere, said a statement of the website.
The Central Banking Awards were established to recognize outstanding perform
ance in individuals and organizations in the central banking community.
Zhou, who stepped down as PBOC governor in March 2018, had served in his position from
December 2012-2018, which makes him China’s longest serving central bank governor since 1949.
The award recognizes the impact Zhou had on the central bank and the Chinese economy.
“While in office, Zhou demonstrated high levels of integrity in his pursuit of public s
ervice. He brought academic rigor to real-world decision-making, acting as a prag
matic policymaker with a strong sense of what was in the public interest,” the statement said.
countries to join hands to develop space instead of choosing between China and the US, especially because after the end of the Cold War, international space cooperation has increased.
In fact, the International Space Station launched in 1998 has been operating thanks to the cooperat
ion between the US, Russia, Japan, some European countries, Canada and Brazil. The four maj
or satellite positioning systems — GPS (US), Beidou (China), GLONASS (Russia) and Galileo (Europe) — may also comple
ment each other to provide the most accurate positioning services. And once China and the US engage in a major sp
ace project, many other countries will join in and thus take space exploration to a new stage.
Sino-US space cooperation will stimulate the development of relevant industries and bring tangible benefits to the people. Space explora
tion will set in motion a series of space industries such as manufacturing, agriculture, resources, e
ergy and tourism. These may become new sources of growth for the world economy, promote industrial techn
ologies, and help address some global challenges such as climate change and energy depletion.
And the new products and services so generated will improve people’s lives and contribute to social progress.
Chinese consumers opened their wallet during Spring Festival, not only on things like digital home appliances and importe
d fresh food but also on experiences such as travel and entertainment, government figures showed.
Shopping, dining out, travel and entertainment accounted for most of the consumer spending during the week-long hol
iday. Analysts and officials said the strong domestic demand will inject further growth momentum into the eco
nomy in 2019 as the government unveils more policies to spur consumption.
Spending on retail and food services during the Spring Festival period, from Feb 4 to Sunday this year, exceeded 1 trilli
on yuan ($147.41 billion) for the first time, up 8.5 percent year-on-year, according to the Ministry of Commerce.
The ministry said a key term for Lunar New Year holiday spending was “seeking higher quality” as the government’s em
phasis on upgrading consumption continues. Emerging areas for spending such as the internet, customized pr
oducts, experiences, digital products and services were growth areas during the holiday.
Many cities in eastern China are organizing job fairs to meet demand for new employees after the Spring Festival holiday.
The first such event in Yancheng, Jiangsu province, opened on Monday with more than 10,000 jobs off
ered by 200 local companies. The fair aims to attract more college students and migrant workers, wh
o usually return to their hometowns during Spring Festival for family reunions.
Most of the jobs are in manufacturing, catering and finance. There is also huge demand for emp
loyees in the machinery, sales and design sectors, said Zhang Chengyu, director of the Yancheng talent market.
“With the city’s economic and social development, many people now prefer to w
ork in their hometowns,” he said. “We organized the fair to provide op
portunities for them. More than 100 fairs offering 50,000 jobs will be held this year.
“Many companies pay salaries of more than 10,000 yuan ($1,474) a mon
th. They need to recruit enough employees to guarantee post-festival operations.”
Dai Yang, a graduate in mechanical engineering, said he would prefer to work in his hometown－Huaian, Jiangsu－if the salary met his demands.
To eradicate the problems in the capital’s suburb in August, the Beijing government launched a three-year, 20-billion-yuan action plan focusing on 97 projects.
However, having since consulted with 17 commissions and bureaus, the aim is now to work on more than 100 projects.
Cai Qi, Party secretary of Beijing, said the city’s urban planners should look at ways of implementing Ti
antongyuan’s original functions to improve living standards and provide better, happier homes.
The plan is part of a citywide campaign to build the capital into a world-class city in accordance with
the Beijing Overall Urban Development Plan published in October 2017. It will run until 2030.
Li Ding, associate professor at the School of Sociology and Population Studies at Re
nmin University of China, has studied Huilongguan for more than five years.
He said the upgrade is badly needed, so the action plan should have been formulated earlier. Moreover, as the lack of major in
frastructure is not an issue residents can tackle, the local government must assume the responsibility.
“Most Huilongguan residents are highly educated, so their demand for educational and cultural facilities is much higher,” Li said.
Since renovation work began at a 19-hectare sports and cultural park in Huilongguan, Li has noticed changes in the community.
“Some old sports facilities have been demolished and the park has been divided into four zones to provide a modern facility,” he said.
According to the Beijing Municipal Development and Reform Commission, there are plans t
o build six kindergartens as well as three primary and two secondary schools to satisfy residents’ needs.
SEOUL, Feb. 10 (Xinhua) — South Korean President Moon Jae-in will consult with U.S. President Donald Trump in the near future on th
e second summit between the Democratic People’s Republic of Korea (DPRK) and the United States, South Korea’s presidential Blue House said Sunday.
Kim Eui-keum, Blue House spokesman, told a press briefing that the leaders of South Korea and the United States will make a d
iscussion on the second DPRK-U.S. summit in the near future, saying the exact schedule will be unveiled as soon as preparations are made.
Moon and Trump would reportedly have a phone conversation in the foreseeable future.
The Moon-Trump dialogue would come after top DPRK leader Kim Jong Un and Trump agreed to meet again later this mon
th in Hanoi, Vietnam. Kim and Trump held their first summit in Singapore in June last year.
Stephen Biegun, U.S. special representative for DPRK affairs, visited Pyongy
ang earlier this week to consult with his DPRK counterparts on the planned second Kim-Trump summit.
The Blue House spokesman said he heard that Pyongyang and Washington had a
greed to continue negotiations at a third country in Asia in the week beginning Feb. 17.
South Korean Foreign Minister Kang Kyung-wha and U.S. Secretary of State Mike Pompeo wi
ll have talks in the near future, while Chung Eui-yong, top Blue House national security advisor, will cl
osely exchange information with White House National Security Advisor John Bolton, the spokesman added.