CHINA People's Daily Tonight: Podcast News (5/29/2019 Wed.)

CHINA

People's Daily Tonight: Podcast News (5/29/2019 Wed.)

People's Daily app

21:30, May 29, 2019

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This is People's Daily Tonight, your news source from China.

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US Treasury says no major trading partner manipulates currency

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The US Treasury Department said on Tuesday that no major trading partner of the United States meets the standard of currency manipulation.

It put China, Germany, Ireland, Italy, Japan, South Korea, Malaysia, Singapore and Vietnam on its "monitoring list".

That means their foreign exchange policies bear close monitoring.

A People's Bank of China official said last week that China is "capable and confident" of keeping the RMB exchange rate stable.(Xinhua)

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China to make motor mortgage registration easier

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China will streamline procedures of registering motor vehicle mortgage to make the process easier, starting June 1, according to the Ministry of Public Security.

The move was made in response to complaints from the public and businesses that the registration process needed too many materials including original identity certificates. 

The process was especially inconvenient when it required the business licences of the lenders such as banks, said the traffic management bureau of the ministry.

After streamlining, copies of business licences with seals can be submitted as alternative and e-seals will also be acceptable.

Traffic management agencies will work with financial institutions to review and verify mortgage information online to make registration easier.(Xinhua)

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Bolivian electoral authority unveils calendar for general elections

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Bolivia's Supreme Electoral Tribunal presented the electoral calendar for general elections in October, in which nine parties will participate.

The general elections will be held on October 20, and the vote count at the provincial level will take place from Oct 20-27. 

The publication of the results for each province will take place from October 28 to November 1.

Nine parties are authorized to participate in the electoral process.

This includes the party led by President Evo Morales.(Xinhua)

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Deadly knife attack near Tokyo raises alarm on child safety

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Japanese police have raided the home of a man suspected in a knife attack against schoolgirls and others this week that left two people dead before the man killed himself.

The attack near Tokyo on Tuesday has raised concerns about how children can be protected on their way to school.

Officials say the knife-brandishing man ran while slashing a group of schoolgirls and their parents walking to or waiting at a bus stop in Kawasaki, killing an 11-year-old girl and a 39-year-old man before fatally slashing himself. At least 17 people were injured.

Prime Minister Shinzo Abe urged security officials to increase safety measures to protect commuting schoolchildren.(AP)

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Alibaba to offer cloud computing service in Brazil

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Chinese e-commerce company Alibaba will provide cloud computing service in Brazil.

This comes as part of its support for Chinese companies in the South American country.

Alibaba Cloud will start operating in the coming months in Brazil, after reaching an agreement with the Brazilian company UOL Diveo.

Alibaba Cloud's interest in operating in Brazil is directly linked with the arrival in Brazil of a Chinese company that requested its service.(Xinhua)

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Chinese tourists to US drop in 2018 despite boom in outbound trips

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Tourists from China to the United States dropped for the first time in 15 years, despite that the total outbound trips of Chinese tourists rose significantly.

Data released on Tuesday by the US National Travel and Tourism Office showed that the number of Chinese tourists travelling to the United States fell 5.7 percent to 2.9 million last year.

However, Chinese tourists' overall trips across the border maintained its strong growth in 2018. Data from the Ministry of Culture and Tourism of China showed that a total of 149.72 million outbound trips were made by Chinese tourists in 2018, up 14.7 percent from the previous year.

Besides, the total number of outbound and inbound trips by Chinese tourists hit 291 million in 2018, up 7.8 percent year-on-year, according to the ministry.(Xinhua)

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Beijing to establish parking areas for shared bikes

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And Bike-sharing companies will charge users a dispatch fee if they park bikes outside designated areas in central Beijing starting June.

More than 150 electronically monitored parking areas and 17 no-parking zones have been set up around the Forbidden City and the Wangfujing shopping areas.

China's bike-sharing business has helped to ease traffic jams and promote a healthy lifestyle.

But it has also caused new problems such as the random and arbitrary parking of bikes.(China Daily)

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And that's People's Daily Tonight. Thanks for joining us.

(Produced by David Nye and Wang Zi)

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