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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.
shows that college students slated to graduate in 2019 have higher expectations of working in these cities, than in cities like Beijing, Shanghai and Guangzhou.
According to the platform, 44 percent of new graduates this year wish to find their jobs in new fir
st-tier cities, while only about 30 percent hope to work in Beijing, Shanghai and Guangzhou.
Yang Zheng, who graduated with a master’s degree from Fudan University in Shanghai in March, said th
at he received three offers from companies in the city, but finally chose a high-tech enterprise in neighboring Hangzhou.
“I’ve spent about seven years in Shanghai, it’s time to explore a new world,” he said, laughing. “The most importa
nt reason I chose Hangzhou is the city’s potential development in the high-tech industry, which can bring us more opportunities.”