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China's launch of its crude oil futures in 2018 sought to increase influence over commodity pricing and promote the yuan, whose internationalization is a longstanding policy objective.
China's military sports began developing in the 1950s, when the PLA established its first professional sports team — PLA Bayi Sports Work Brigade in 1951. Lu Ting, the first political commissar of the team, recalled that living conditions were very poor in the beginning. They had no barracks and had to live in a stadium's warehouse, residential courtyards in Beijing's hutong areas and a construction shed belonging to the public security bureau. Nevertheless, Lu said, all athletes kept high spirits in training.
China's foreign exchange reserves expanded slightly at the end of June to .11 trillion, the foreign exchange administration reported, which also reflected stable capital flows, analysts said.
China's consumption upgrade is continuing, the ministry said, adding that some emerging consumption such as internet consumption, customized consumption, experience consumption and smart consumption were the highlights during the holiday.
China's currency, the yuan, is convertible for trade purposes under the current account, while the capital account, which covers portfolio investment and borrowing, is largely run by the state in an effort to control capital flows in and out of the country.
来源：资阳报