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Tom Orlik, chief Asia Economist at Bloomberg, believes the Fed has put the PBOC in a tricky position. He makes the point that the bank could easily have followed the Fed's lead and raised its own benchmark rates, supporting the yuan and reducing capital outflow, but at the risk of stymieing economic recovery. Standing too firm, on the other hand, would bring the twin risks of a depreciating yuan and renewed capital flight. Instead, the PBOC chose a solution that "makes a lot of sense," leaving benchmark rates on hold and making use of targeted instruments.
BEIJING, March 21 (Xinhua) -- A Chinese foreign ministry spokesperson on Tuesday hailed Vice Premier Wang Yang's recent visit to the Philippines as a complete success that will push forward bilateral ties.

The two sides discussed the China-U.S. relationship on the whole. President Xi stressed that a sound China-U.S. relationship benefits not only the two countries and their peoples, but also the whole world. Cooperation is the only correct choice for China and the United States.
There are still problems, however, which need to be resolved with the legislation, such as a lower reading rate compared with the world's major countries, inadequate and inequitable public resources, and mixed quality of reading materials.
GUANGZHOU, Feb. 14 (Xinhua) -- A total of 21 human H7N9 avian flu cases, including 10 fatalities, were reported in south China's Guangdong Province in January, the provincial health authority said Tuesday.
来源:资阳报