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China's May PMI drops to 50.4%
BEIJING, June 9 (Xinhua) -- Pan Gongsheng, the former vice president of the Agricultural Bank of China (ABC), has joined the People's Bank of China (PBOC), the country's central bank, as its vice president, according to updated information on the PBOC's website.

He said the IT sector is typically more resilient than others in the economic downturn as it is easier to adjust its investment plans. Economic downturns don't prevent people from upgrading from dull phones to smart phones or from using phones just for making phone calls to using them for accessing information and reaching out to friends over the Internet.
"The two sides should uphold the principle of mutual respect, mutual benefit, treating each other equally, and seeking common ground while reserving differences to enhance dialogue, communication and cooperation," he said.
Obama, for his part, said the two countries have made substantial progress in the development of their ties for the past three and a half years.
来源:资阳报