Economic observation: What can the Belt and Road Initiative bring to RMB internationalization?

  China news agency, Beijing, August 13th (Reporter Wang Enbo) As two important arrangements in the new pattern of economic governance in China, there is huge room for the coordinated development of the Belt and Road Initiative and RMB internationalization. The former, in particular, has become a new driving force for the latter to keep moving forward.

  Nowadays, the RMB has become more and more "international". On October 1, 2016, the RMB was officially included in the Special Drawing Rights (SDR) currency basket of the International Monetary Fund, and the road to internationalization ushered in a milestone. According to the statistics of SWIFT, as of June this year, more than 1,900 financial institutions around the world use RMB as the payment currency.

  So, what can the "Belt and Road" bring to the further internationalization of the RMB? Sun Guofeng, director of the Financial Research Institute of the People’s Bank of China, said at the first China Financial Forty Forum held recently that the international status of currency has created conditions for China’s banking system to provide overseas financing in the form of RMB. Exporting RMB under capital with the help of the Belt and Road Initiative is a sustainable internationalization strategy that is conducive to macroeconomic balance, in line with national welfare.

  Guan Tao, a senior researcher at the China Financial Forty Forum and former director of the Balance of Payments Department of the State Administration of Foreign Exchange, pointed out that in 2016, the actual receipt and payment of RMB in cross-border trade between China and countries along the Belt and Road only accounted for 13.9% of the bilateral trade volume, and there is still much room for improvement. With the closer economic and trade exchanges between China and countries along the route, it is inevitable for the market to take RMB, one of the major international currencies, as the pricing negotiation currency in order to save exchange costs.

  However, under the current situation of exchange rate fluctuation and capital flow, RMB internationalization still has a long way to go. The National Financial Work Conference, which ended a few days ago, clearly pointed out that it is necessary to expand financial opening to the outside world, deepen the reform of RMB exchange rate formation mechanism, steadily promote RMB internationalization, and steadily realize capital account convertibility. At the same time, the meeting proposed to promote financial innovation in the construction of the "Belt and Road" and do a good job in the design of relevant systems.

  Sun Guofeng believes that taking advantage of the opportunity of the "Belt and Road" construction to promote the internationalization of the RMB should give full play to the role of various financial institutions, including development financial institutions. Because the "Belt and Road" construction has the characteristics of long project recovery cycle and huge capital demand, development finance can play an important role in it. At the same time, development finance and domestic and foreign commercial financial cooperation should be encouraged. The former mainly plays a leading role. After making profits, relevant institutions can transfer part of the financing to commercial financial institutions and continue to use the withdrawn funds for other development financial projects, so as to realize a benign turnover of funds.

  It is worth mentioning that the dispute over currency selection is a common problem in the process of promoting development finance. For example, there are voices that the interest rate of ten-year government bonds is only 0.05% due to the negative interest rate of the Japanese yen, and the absolute cost of financing is relatively low internationally. Comparatively speaking, will the higher cost of monetary financing lead to the lack of sufficient competitiveness in providing financing in China, thus slowing down the internationalization of RMB?

  According to Yin Yong, deputy governor of China People’s Bank, this understanding is not accurate. He pointed out that in developed financial markets, the choice of two currencies can be converted by currency swap operation, and both RMB and US dollar funds can be converted into Japanese yen with lower interest rate, and vice versa. In addition, China’s foreign exchange reserves include currencies of all developed countries and emerging market countries in the world, and if there are financing needs in other currencies, it can also meet them.

  "Because our RMB pool is relatively larger, we have a relatively competitive advantage in providing RMB funds, and the RMB should be able to ‘ Belt and Road ’ Play a greater role in construction. " Yin Yong said. (End)

Yuxi Zhang’s "The South Wind Know My Meaning" was broadcasted seamlessly and re-played as a female star.

1905 movie network news The TV series "The South Wind Know My Mind" is directed by Li Ang and Liu Hongyuan, starring in it. The TV series is adapted from Qiwei’s novel of the same name. Yuxi Zhang plays the tough, optimistic and cheerful "Little Sun" Zhu Jiu in the play. Since its launch, the play has been well received by netizens with its excellent cast and strong plot rhythm intertwined with sweetness and cruelty, while Yuxi Zhang has been labeled as a redemptive heroine and the light of the present couple by netizens with her exquisite performance and perfect interpretation of the role Zhu Jiu.


In the latest story, Fu Yunshen (decoration), the favored son of heaven, can’t stand because of a car accident with his legs injured. His self-esteem is frustrated, so he can’t face his ex-girlfriend Zhu Jiu (Yuxi Zhang), who has become his family doctor. He can only pretend to be indifferent to Zhu Jiu’s concern. In the face of Fu Yunshen’s alienation, indifference and difficulties, Zhu Jiu was not discouraged. She took care of Fu Yunshen in every possible way, personally decocted medicine and fed it, and prepared sugar to coax him into taking medicine. Choosing never to give up in the darkest moment of the beloved’s life is also Zhu Jiu’s unique tough character that distinguishes him from other couples. Yuxi Zhang’s redemptive heroine’s personality is not only reflected in helping Fu Yunshen recover his walking ability, but also in giving him spiritual comfort. Every time Fu Yunshen falls to the bottom of rolling in the deep, Zhu Jiu illuminates him like the sun on earth. This positive personality also makes the audience feel warm through the screen and see the gentleness and beauty of the world.


If Fu Yunshen was shaken by Zhu Jiu’s company, then taking the initiative to kiss Fu Yunshen after drunkenness is the key to success in making Ba Zong open his heart. Zhu Jiu’s forced love made him realize that there is no sympathy in Zhu Jiu’s heart, but only equality and mutual love. After the reconciliation, the two started a sweet daily life, set off fireworks in a foreign country and imagined the future. Many netizens lamented that the young couple played quite well, and every sweet crit was the degree to which the pure love warrior fell to the ground. It is worth mentioning that Yuxi Zhang handled this sweet redemption just right. And whenever Zhu Jiu keeps a stable mood, he treats Fu Yunshen and the people around him patiently and provides positive emotional value. Even though he is made difficult by Fu Yunshen’s mother, Jiang Shuning (Yang Yuting), he always keeps each other’s dignity with courtesy and grace. His girlfriend’s all-round display vividly depicts Zhu Jiu, which is sweet and provocative, making people unable to resist. The excellent performance makes the audience immersed in it. Not only is the acting natural value online, but the rich small expression makes Zhu even more.


With the popularity of "South Wind Know My Mind", Yuxi Zhang is also "busy". Before, there was a popular IP drama "Douluo Mainland 2" starring, and then there was a seamless group "Your lies are also beautiful".


In the new drama Your Lies Are Beautiful, Yuxi Zhang plays the big star Qin Fei, which is also the female star after Too Strong Color. Wearing a simple blue uniform on the day of boot can’t hide her beauty. The state of curly hair and high ponytail is very online. Just standing there is the female star, which is so beautiful that people can’t leave their eyes open. It is expected to be hot before broadcasting!


# Football highlights

World football plays well every Friday.

The fifth goal, Bayer Leverkusen midfielder Velc, flicked around in the penalty area and singled out the other team’s entire defense. In the face of the opponent’s five-person double-team hitting the hand near the corner, with such performance, it seems that it is difficult for Vilt to stay in the pharmaceutical factory.

The fourth goal Tristan corner kick directly scored. This goal requires not only superb footwork, but also strong self-confidence. The corner kick directly breaks the door, and the high arc is the secret.

The third ball was hung upside down in the restricted area of Mitrovic, with an excellent angle and a heavy potential. Mitrovic (Riyadh Crescent 6-0 Mumbai City AFC Champions League), such high-quality goods as Mishen can be described as a blow to the Saudi League.

Palacios volleyed at almost the same position in the second ball, stretching his movements in one go. Froumy Nensai 5-3 goias Bajia. This ball is more beautiful and gives people a greater visual impact.

The first goal, Harry Kane’s shot in the middle of the field, is bold and has the charm of Beckham’s fame with one goal. This ball is expected to be selected for this year’s puskas award.

I haven’t seen such a wonderful goal for too long.

Thank you for your appreciation, and your attention is more exciting.

The American goblin once set a record for the Bundesliga’s transfer fee, but now in the Netherlands, it has suffered the humiliation of relegation.

I wonder how many people still remember Ricardo Pepi’s name. The 20-year-old player has been playing in the Europa League for more than a year. But his growth was not smooth.

Pepi started playing in the American professional league at the age of 16. In 2021, he scored 13 goals and sent 2 assists in the league, when Pepi was only 18 years old. His outstanding performance quickly attracted the attention of European giants. Pepi made his debut against Honduras in September 2021, showing his unique talent, scoring 1 goal and assisting 2 times.

He joined augsburg in 2022 with a price of 16.36 million euros, which set a record for the team. His Bundesliga friends all know what this means to the team. This is definitely the amount of blood that an ordinary team like augsburg has to pour. But Pepi is either too young or too inexperienced, and has never been the main player in augsburg.

So far, he has played 16 times for the team, playing only 582 minutes, without scoring or assisting. The team was very disappointed with his performance. Augsburg finally decided to send him out for training. It is said that he can go to Holland to get back on his feet or start a new career without playing in the Bundesliga, but Pepi’s bad luck soon led to the team’s demotion.

After signing Domirovich this season, Pepi’s position in the club became even more embarrassing, and he clearly realized that it would be difficult for him to compete with his opponents. In the end, augsburg’s first priority is to survive.

He was loaned to Groningen this season, but missed the first five rounds of the league because he was late. However, although he didn’t run, he scored 13 goals and 3 assists. Groningen is not in good form this season, and it’s a pity that they were relegated so early. After 33 years in Holland, the team was finally relegated. This rare spectacle for thousands of years has finally been met by Americans.

In the first four quarters after joining, he scored four goals and assisted once, but the team only scored three goals in these four games. Despite a good start, Pepi didn’t score many goals in the second half of the league, which directly affected the team’s goal efficiency.

However, despite his poor performance in the Dutch league, he was re-elected to the American national team in March this year, playing against Granada and El Salvador successively, and scored three goals in those two games. And the national team won in a row. He is still regarded as an important member of the national team. After all, he is only 20 years old, and the next World Cup will be the mainstay.

The latest trend of artificial intelligence: from popularization to evolution

With the continuous development of science and technology, artificial intelligence has gradually entered our lives and become an indispensable part of today. In the past year, the innovation and development in the field of artificial intelligence have been quite rapid. In order to let everyone know the latest trends in this field better, this article will describe it from the following aspects.

First, smart home and smart assistant

The concept of smart home has always attracted much attention, and this high-tech product that can automatically control home equipment is no longer out of reach. The application of artificial intelligence technology allows us to control home appliances through intelligent voice assistants, which can realize automatic control and make our living environment more convenient and comfortable. Moreover, intelligent voice assistants such as Alexa of Amazon and Google Home of Google are becoming more and more popular, and these products have become an important part of the future family.

Second, machine learning in the financial field

The financial field has always been an important field of artificial intelligence application. In the past year, a large number of financial institutions have begun to use artificial intelligence technology to process millions or even billions of financial transaction data. For example, some banks have begun to use artificial intelligence technology to detect fraud and money laundering. In addition, artificial intelligence technology can also predict and analyze in the investment field, so many machine learning programs in the financial field have begun to be applied.

Third, artificial intelligence in the medical field

The medical field is also one of the important fields of artificial intelligence application. With the progress of big data and artificial intelligence technology, artificial intelligence has become more and more influential in the medical field. In the past year, artificial intelligence technology has been safely applied to medical diagnosis and patient treatment. Artificial intelligence technology can process a large amount of data into useful information, and improve doctors’ decision-making ability according to this information. More and more hospitals have begun to use artificial intelligence to improve work efficiency and medical quality.

Fourth, the evolution of robots

Robot is no longer a fantasy in movies and TV series, but it can be used in various fields. In the past year, the continuous emergence of new technologies in the field of robotics has made robots more intelligent and efficient. Technologies such as automatic navigation, speech recognition and face recognition enable robots to interact with humans more meaningfully through artificial intelligence technology.

In short, with the continuous evolution of artificial intelligence technology, this field has developed rapidly, and we have seen the application of artificial intelligence in various fields. Through the application of this technology, our life is more convenient, less workload and faster innovation. Of course, there are still many challenges in artificial intelligence, but I believe that through various innovations and efforts, artificial intelligence technology will continue to evolve and update our lifestyle.