Wu Hongwei, a researcher of China-Russia relation

s at the Chinese Academy of Social Sciences, said bilateral cooperation plays a prominent role

in guaranteeing world peace and security at a time when the global situation is clouded by tensions and turmoil.

The two countries share the same position in promoting a more stable and multipolar world, Wu said, adding that they ha

ve sent such signals through supporting and coordinating with each other on international occasions.

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

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

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

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

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Accelerating the opening up of China’s commodity futu

ures market will help foreign investors optimize their renminbi-denominated asset portfolios as they can inc

orporate investment targets of a wider variety, said Wang Tingting, an associate pro

fessor of finance with the Central University of Finance and Economics in Beijing.

“Moreover, as foreign investors’ trading helps boost liquidity in the domestic market and makes the price changes mor

e consistent with international trends, domestic market participants can also better hedge against risks,” he said.

Experts also expect China to open up the stock index futures market to foreign invest

ors, as they have large exposure in the A-share market and are therefore in need of this risk management tool.

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“It looks like it’s going to be a big win for the Brexit

Party,” Farage told reporters in Southampton in southern E

ngland where vote tallies from across the southeast region were being collated.

“The intelligence I get is that the Brexit party is doing pretty well,” sa

id Farage, who headed one of the two Brexit campaigns in the 2016 referendum.

While May was forced to delay Brexit after agreeing a deal that the British parliament and much of her party reject

ed, the Labour Party has voiced both support for another referendum and a promise to honour the result of the 2016 vote.

The impact of such a severe election drubbing for the major parties is

unclear though potential successors to May are calling for a more decisive Brexit, while L

abour leader Jeremy Corbyn is under pressure to openly support another referendum.

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A recent report by the Beijing Municipal Education

 Commission said that more than 231,000 college students graduated from universities in

Beijing last year, but 37.5 percent of employed graduates chose to work outside the capital.

A female college student surnamed Zhang said that she chose to w

ork in Wuhan, Hubei province, after graduating from Tsinghua University in June, 2018.

“The biggest reason driving me away from Beijing was the living cost,” she said. “Tho

ugh I can earn 8,000 ($1,160) or even 10,000 yuan a month in Beijing, the rent may cost me 3,000 yuan or more ea

ch month, let alone other expenses such as meals, transportation and getting together with friends.”

In contrast, some so-called new first-tier cities like Chengdu, Sichua

n province; Hangzhou, Zhejiang province; and Wuhan have sprung up as new at

tractions to college graduates for their cheaper living costs and preferential policies to newcomers.

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The China-US trade disputes have significantly influe

enced the renminbi’s performance, said Wang Shengzu, co-head of Investment Strategy Group Asia Goldman Sachs.

But the currency is unlikely to slip out of a reasonable range, assuming there is no big shock from the trade talks, Wang said.

As a sound base for a stable renminbi, “the Chinese economy has shown sig

ns of bouncing up, shown by the faster-than-expected growth of industrial output, ret

ail sales, and credit in the first quarter, and this means that economic activity is improving with supportive pol

icies”, said Wang.Liu Shiyu, China’s former top securities regulator, was under investigation for alleged violations of

the law, according to a statement Sunday from the Central Commission for Discipline Inspection.

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Yanqing and Zhangjiakou are preparing another 10 ven

ues, including existing ski resorts and some newly built projects, to host all eight Olympic snow

sports in 2022. The three clusters will be connected by a new high-speed railway, which will be com

pleted by the end of this year. It looks beyond the Games to boost future winter sports tourism.

According to the organizing committee, all 26 venues for 2022 will be ready by June next year with the first t

est event, a World Cup skiing series, scheduled to be held in Yanqing’s National Alpine Skiing Center in February.

About 90 percent of the earth moving work for the mountain center is now complete, and a 53-hec

tare forest reserve has been built nearby for transplantation of all the trees affected by the construction.

“The preparations are ready to step up to the next stage, from planning to the readiness

phase. Beijing is ahead in the race against time,” said Liu Yumin, director of the planning, construction and

sustainable development department of the 2022 Olympic Organizing Committee.

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Huang Jing, 25, from Jiangyin, Jiangsu province, said

 she buys cosmetics, handbags and clothing from top brands through cross-border e-commer

ce platforms every month. Sometimes, she drives for one to two hours to neighboring bigger cities, such a

s Wuxi in Jiangsu, and Shanghai for shopping. She also plans two or three overseas trips every year.

“I don’t have any housing or car loans, and don’t have to worry about daily costs, as I live with my parents. I usually spend all my sa

lary on daily consumption and entertainment, which is quite common for people such as myself,” she said.

Jason Yu, managing director of Kantar Worldpanel, said small-to

wn youths look to the internet for the latest information, products and lifest

yles. The gap between young people in lower-tier cities and those in metropolises has narrowed greatly.

“Small-town youths now have broader horizons, are well informed, and some have even started to lead ‘avant-garde’ lifestyles,” he said.

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Democrats have said they may issue a subpoena to

try to force Barr to testify before their committee.

“The failure of Attorney General Barr to come to the hearing today is sim

ply another step in the administration’s growing attack on American democracy an

d its attack on the right of Congress” as a co-equal branch of government, Nadler said.

Barr spent four hours before a Republican-led Senate committee on Wednesday defen

ding his handling of Mueller’s report on Russia’s interference in the election to boost Trump’s ca

ndidacy and whether the president subsequently tried to obstruct Mueller’s probe.

Representative Doug Collins, the House Judiciary Committee’s top Republican, s

aid Barr did not appear before that panel because Nadler had insisted on an aggr

essive format with an extra hour of questioning from its own lawyers, in addition to those from the committee’s

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Europe, souvenirs have strong cultural elements

 and even a refrigerator sticker can be delicately made and worthy of being added to your personal collection,” said Zhou.

The success of creative products released by the Palace Museum in Beij

ing and Shanghai Disney Resort has set a good standard for local souvenirs, experts said.

Since 2015, users of the Palace Museum’s official app have received photos and info

rmation of one collection every day, bringing the collections and their fans closer.

As many as 480 styles of phone cases are created by the design tea

m of the Forbidden City. “We designed headphones with beads, and our foll

owers said this design let them feel like the emperor when making calls,” Shan Jixiang, former curator of the P

alace Museum who retired earlier in April, was quoted as saying by the Xinhua News Agency.

By the end of 2017, the Palace Museum released more than 10,000 products. It gen

erated 1.5 billion yuan ($223.8 million) in revenue from its creative products in 2017 alone.

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t photographer gives stray animals makeov

Zhang Tianhang, a pet photographer based in Beijing, has taken photos of over 10,000 stray animals over the past eight ye

ars. Working with animal shelters, he is determined to raise people’s awareness of these abandoned pets and find them a new home.

“You won’t believe these are photos of the same dog,” Zhang said, pointing at two picture

s showing a dog before and after a complete makeover. “The animals feel so much happier if someone cares for them.”

This lucky dog got adopted by Chinese actress Gao Yuanyuan, whic

h made Zhang believe in his cause even more. “Every dog is adorable. We want people to

see that and give them a home,” he said. “You just need to connect with the animals, let them trust you.”

Many of Zhang’s “models” have been adopted by local people, and

some even start a new life overseas. Zhang hopes more people will consider adoption ins

tead of buying a pet at the store. “It’s a very big responsibility, usually over 10 years,” he said.

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