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ocal kindergarten had used to ask children whether they we
re involved in gangs went viral on the internet. The local educational bureau said that the rese
arch was meant to stop bullies in kindergartens instead of finding gangster members.
Over 90 percent of Hong Kong college students responding to a survey said they were optimistic about the country’s fut
ure, and more than 80 percent said they would like to work on the mainland according to a report released Wednesday.
The HKUYA Student Exchange Network published the report based on a survey they carrie
d out between February and March on Hong Kong college students’ employment intentions for the mainland.
Nearly 75 percent of respondents said the major reas
on for them to work on the mainland is a plethora of job opportunities.
eign exchange reserves at $3.095 trillion at the end of April. The reserve amount was stable, altho
ugh it slightly retreated from $3.098 trillion at the end of March, according to the State Administration of Foreign Exchange.
Li Yang, director of the National Institution for Finance and Development of the Chinese Academy
of Social Sciences, said that China is unlikely to sacrifice foreign exchange reserves to de
fend its currency, even if depreciation pressure rises amid any escalation in trade tension.
In May, the offshore RMB exchange rate against the US dollar dropped more than 3 percen
t under market pressure as global investors worried about the escalation of trade friction.
Guo Shuqing, Party secretary of the People’s Bank of China, the central bank, said on Monday that higher US tariffs on Chin
a’s imports triggered financial market volatility, and this also affected the offshore RMB.