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Openness in Finance to Help Lift Real Economy

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Openness in Finance to Help Lift Real Economy 4 | Thursday, July 22, 2021 HONG KONG EDITION | CHINA DAILY CHINA Piece of Openness in cake Xue Weijin, a Shaanxi Xueqian Normal Uni- versity student, cele- brates his birthday finance to help with children from a village in Lantian county, Shaanxi prov- ince, on Wednesday. A 22-member team from lift real economy the university is stay- ing in the village to learn about the grass- Meeting told mechanism to monitor roots and provide chil- systemic risks will be put in place dren with light lessons and entertainment during the summer By WANG KEJU subsidiary firms of financial insti- vacation. [email protected] tutions will be improved. Channels YUAN JINGZHI / and methods for foreign capital to FOR CHINA DAILY Premier Li Keqiang heard a participate in the domestic finan- report on advancing financial cial market will be optimized. opening-up at a State Council exec- Management requirements of utive meeting on Wednesday and direct investment projects that are chaired discussions on work relat- closely related to the real economy ed to greater financial openness will be improved. Efforts will be and the building of stronger finan- made to keep the renminbi cial services to boost the real econo- exchange rate basically stable and my. at an adaptive and balanced level. The meeting noted the steady “As a developing country, China’s opening up of China’s financial sec- development must rely on the real tor in recent years, during which economy,” Li said. “Greater finan- Shanghai team in laser breakthrough Foreign more than 100 foreign-invested cial openness should better serve banks and insurance, securities, the real economy, which is of great By ZHOU WENTING in Shanghai the internal dynamic structure of the world but they range in size Ministry payment and clearing institutions importance to maintaining the [email protected] matter and study the interaction from 300 meters to 3.4 kilome- have been approved and set up. country’s economic stability.” of light with atoms, molecules ters and use radio frequency “We’ve achieved notable The macroprudential policy Chinese scientists have used a and condensed matter, which electron accelerators not suited progress in opening up the finan- framework will be improved, and novel approach to achieve free- may lead to breakthroughs in dis- to the development of small FEL attacks US cial sector in recent years. Yet there mechanisms for the monitoring, electron lasing that may result in ciplines as diverse as physics, facilities that could be more are also many challenges,” Li said. evaluation and issuing of early the production of low-cost, tab- chemistry, structural biology, widely used. “We need to continue advancing warnings of systemic financial letop FEL devices, offering the medicine, new materials, energy “We proved the feasibility of silence on opening-up in an orderly way, and risks will be put in place to main- possibility of breakthroughs in and the environment. the new technical route with a fully leverage both the domestic tain smooth operation of the finan- multiple disciplines. “The features of FEL, includ- laser electron accelerator with and international markets and cial market. It was the first time research- ing its super-high resolution ultrahigh acceleration capabili- laboratory resources, so that China remains a “We must fully deliver on the ers had achieved FEL using a rates regarding time and space ty, and downsized the facility popular destination for foreign commitments we have made by laser wakefield electron acceler- and super-strong peak bright- size from the kilometer level to By MO JINGXI investment.” advancing opening-up in the bank- ator, a method for producing ness, make it possible to realize 12 meters,” said Leng Yuxin, dep- [email protected] The commitments made on ing and insurance sectors in an high-energy electron beams three-dimensional, multimodal uty director of the institute. financial openness will be effective- orderly way,” Li said. “We need to using an accelerating field struc- imaging of matter with ultrahigh Researchers said small FEL Foreign Ministry spokesman ly implemented. Proactive efforts take a holistic approach in han- ture. precision,” said Wang Wentao, a facilities have great potential in Zhao Lijian demanded on will be made to achieve a higher dling the relationship between After nearly a decade’s effort, a professor at the institute and a producing images of rapidly Wednesday that the United States level of financial openness based financial openness and financial paper about the achievement by co-first author of the paper. moving objects. Even if a patient show transparency and conduct a on a negative list approach aligned security, to better safeguard China’s the Chinese Academy of Scien- “The application of the poten- — an uncooperative child, for thorough investigation into its with international standards. economic and financial security.” ces’ Shanghai Institute of Optics tial technology is likely to greatly example — undergoing X-ray Fort Detrick laboratory and other The market access thresholds for The meeting also decided on and Fine Mechanics was pub- expand humanity’s understand- imaging was moving quickly, biological labs overseas over the foreign-invested financial institu- measures to further facilitate cross- lished as the cover story of the ing of the mysteries of life and they said, a machine using the origins of COVID-19, in response tions such as banks and insurance border trade and foster a more ena- United Kingdom-based scientif- the evolution of living things.” technology would still be able to to appeals from people in China companies will be refined, and bling business environment at ic journal Nature, on Thursday. Experts said there are eight produce impressive high-resolu- and around the world. rules concerning cross-border ports to sustain the steady growth X-ray FEL can be used to detect FEL facilities operating around tion images. By Wednesday afternoon, an transactions between parent and of foreign trade. open letter published on Saturday asking the World Health Organi- zation to probe Fort Detrick had Xinjiang: Assistance program of great help garnered nearly 5 million signa- Summer job tures from Chinese netizens. “The soaring number reflects From page 1 According to the regional gov- a small vegetable oil extraction the Chinese people’s demands and ernment, more than 80 percent of plant in Shufu county, Kashgar anger at some people in the US During the implementation of “pairing assistance” funds since prefecture, was a direct benefi- who manipulate the origin-trac- the program, assistance providers 2010 were invested in areas relat- ciary of the “pairing assistance” ing issue for political reasons,” must ensure that more financial ed to people’s livelihoods, such as program. In 2020, he and 17 oth- Zhao said at a regular news brief- support goes to key projects to healthcare, education and er local entrepreneurs received ing in Beijing. improve people’s livelihoods and employment, to help address the a total investment of 5.4 million The US Centers for Disease Con- to key areas where help is most most pressing needs of the people yuan from Guangdong province trol and Prevention issued a needed. In addition, they need to in the region. that was designated to help the “cease and desist order” in July focus on bringing talent support Assistance from outside the county. 2019 to halt research at Fort Det- to the region and must help to region played a significant role in With the capital and technical rick that involved dangerous orga- nurture key industries to achieve lifting more than 3 million rural support, Sadikhjan quickly nisms like the Ebola virus. The the region’s sustainable develop- residents in Xinjiang out of pover- expanded the production capaci- same month, a “respiratory out- ment, he said. ty by the end of 2020. Since 2019, ty of his plant and soon opened a break” of unknown cause saw The program, which the central the 19 provinces and municipali- new one. He currently has 48 more than 60 residents at a North- government sees as a major mis- ties have provided 50 billion yuan employees, 70 percent of whom ern Virginia retirement commu- sion, is also expected to enhance ($7.73 billion) of financial support used to be impoverished. nity become ill. An agronomist trims hybrid rice spikelets to achieve pollination in exchanges between people from to the region while centrally “All my employees have shaken Later that year, Maryland, an experimental field run by the Sichuan Academy of Agricultural Xinjiang and those from other administered State-owned enter- off poverty and are now living a where Fort Detrick is based, wit- Science in Deyang, Sichuan province, on Tuesday. To develop better parts of China, so people can forge prises invested 265 billion yuan in good life. The ‘pairing assistance’ nessed a doubling of the number breeds, workers have to pollinate the hybrid rice strains under the close ties and ethnic unity can be Xinjiang. program has paid off,” Sadikhjan of residents who developed a res- hot summer sun. HE HAIYANG / FOR CHINA DAILY further boosted, Wang added. Sadikhjan Tash, the owner of said. piratory illness related to vaping. But the CDC never released information about the shutdown of the lab’s deadly germ research Tracing: Report questions bat, COVID link operations, citing “national secu- Henan: Massive rescue efforts rity reasons”. “An investigation into Fort Det- From page 1 around the world. Experts have warned that polit- rick is long-overdue, but the US launched after heavy rainstorms In terms of genome sequen- icizing the origin of the virus will has not done it yet, so the mystery “The origin-tracing task con- cing, a widely recognized break- add more difficulties to an remains unsolved,” Zhao said, From page 1 arrived home at night,” she said.
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