et forces, and China has never taken any measures to deliberately devalue the currency to make its exports more at
tractive, said Guo, who is also head of the China Banking and Insurance Regulatory Commission.
According to Guo, the short-term fluctuation of the RMB exchan
ge rate was normal, and the depreciation will not last long given the stable economic growth base.
“Any speculative activities to short the RMB will suffer huge losses,” he warned.
The RMB’s daily trading reference, or the central parity for onshore trading, has been stabilized arou
nd 6.89 per dollar for eight days from May 20, and market watchers said market-oriented depreciation pressure was losing steam.
Yi Gang, the central bank governor, has said several times that the PBOC has ceased
direct intervention in foreign exchange markets, and the performance of RMB is address
arding businesses, I would say we do have them, but there are still gaps in our current reg
ulatory policies,” said Kong Jing, a consultant with the Chinese Pet Products Association.
Small pots with succulent plants have become a craze for Chinese but horticulture sector is facing a manpower shortage
Cheng Yajing is a gardener with “magical power” to make plants grow faster in a greenhouse at the Beijing Botanical Ga
rden, also a playground of succulent plants such as cactus, vines and potted juicy leaves.
“I’ve just finished trimming and fertilizing them,” says Cheng, as she walks through the gree
nhouse covering a total area of 1,000 square meters and spells out names of various plants.
“We have developed a series of industry regulations, but it is relatively hard to supervise their execu
tion, as the process often requires cooperation of multiple departments. Moreover, detailed gui
delines in certain areas, such as whether a pet boarder is qualified, are still lacking,” Kong said.
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.