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central bank recently said it would further promote the reform of RMB exchange rate formation mechanism. As of July 2, the China Foreign Exchange Trading Center announced central parity of RMB against the U.S. dollar reported 6.772, significantly higher than the previous trading day 138 basis points, has broken the 678 mark integer, Exchange 2005, again reaching a new high since reform. But what is also led to people on the RMB appreciation could worsen China’s export environment, impact of export growth and, ultimately, concerns about China’s Jing Ji’s Fa Zhan. In this regard, the expert gives the answer.

\Deputy Minister of Foreign Economic Research Zhao Jinping, in the July 3 EMBA by the Foreign Trade University, organized the \

\Shinpei analysis pointed out that the appreciation of the renminbi could be improved to some extent, macro-policy factors that make China’s monetary policy can have more flexibility.

2005 年 7 Feb. 21, China began to implement a market-based, with reference to a basket of currencies, managed floating exchange rate system. 5 years, the RMB exchange rate formation mechanism reform and orderly fashion to achieve the desired effect, play a positive role. At present, China imports and exports become more balanced, in 2009 China’s current account surplus to GDP ratio has dropped significantly, the ratio dropped further this year, further the balance of payments equilibrium tends to the current RMB exchange rate volatility does not exist and the changes are.

the same time meeting the Chinese Academy of Social Sciences Institute of Finance Professor Wang Guogang expressed its support, \OK, sometimes, sometimes, the overall trend is upward, and will not be much fluctuation range. \

entered after 2010, the consumer price index (CPI) CPI gradually upstream, in May CPI is up 3.1%, inflation has become a public hot topic. In response, Wang Guogang, said prices are not necessarily inflationary, meaning inflation is caused due to excessive currency prices generally rose, not a certain kind of product prices.

Wang Guogang noted that \between the people in the annual limit within the affordable, my view is that China does not exist in the present inflation risks. \

MINI Cooper

as if a small, generally fine with the Audi A4 – discerning, who prefer high-end cars they drive, you have to believe that 2011 Audi A1 compact body type has extraordinary quality! invited to Berlin to test drive 2011 models Audi A1 Let us really excited! A1 ahead of you looking forward to this new Audi experience, we are duty-bound to share test drive experience.

At first glance, the immediate Zheliang

test loading, smooth lines, movement. 2011 Audi A1 has maintained a very family characteristics, \

distinctive LED daytime running lights domineering and avant-garde; taillights Group Audi A1 compact design makes the rear look more atmospheric and adds touch of class. Both sides of the arched roof, silver body color with contrasting borders, full of visual impact. While stunning two-color design, we have more admiration dynamic contrast white.

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\came another wave of turn in home village folks. 20 years ago because the Feng-mei was hooked from the Yunnan Province to Nanjing, and 20 years later to find her family is a miracle.

It was the summer of 1990 one evening, Feng-Mei Chen cattle grazing, the walk to a 30-year-old man, said that he could take her to the city for work earn more than ten dollars a day, there are two days per week , you can go home and see my family. Young curious Feng-Mei Chen on confusedly followed men away. Results do not know a few days and nights, she was the man to fool Jiangsu. Soon, she was sold for 5,000 yuan worth of a man working in the kilns, is now after her husband Huang.

4 years, Feng-Mei Chen to Huang gave birth to a fat baby through. And Feng-Mei Chen finally can use the \CHEN Feng-mei said she was home in Yunnan, like Qu Jing Haluo in the village (sound). Immediately, Huang found the village by a high school student, let helped write the next day, he sent a newspaper in Yunnan, a half months later no response.

2009 at the end, Huang was issued more than 120 letters by tracing letters after the last day of work in time off work, received a telephone in Yunnan, a newspaper reporter, said they received a lot of tracing his letter, but does not address , they contact many departments have no such person. Later, police in Yunnan’s efforts to contact the next 3 days, the final lock Feng-Mei Chen’s home. Yesterday morning, 39-year-old Feng-Mei Chen went to a local police station beam, a police platform for population information through the window, 11 recognized the family. Yesterday, reporters learned, Feng-Mei Chen couple has raised over 10,000 yuan expenses, a family of three in recent days they are ready to start back home to visit relatives in Yunnan. (Yefang Long Fan Xiaolin)

basis of market conditions in the upward, so that the pricing of the Fund again inside a certain degree of confusion in this chaotic state, the risks and opportunities mixed with different investment cycles, different investment objective should be to different people Investment strategies to deal with.

As of last weekend, the old base closures all the discount, the average discount rate was 13.24%, an increase over the previous week of 0.65 percentage points, the momentum premium eased blind. Relative to the issuance of the issue price parity, the closure base discount does give the original investors are losing money. However, after changing hands 10 years after the transaction, how much of this sense of \Moreover, the old seal base \Now most of Feng-based holders are purchased in the secondary market, and because the average discount rate is now lower than ever, from this perspective, we are \The reason is that some people book a loss, because the surface is net, not on the basis of market conditions is that the oscillation. Impact of discount, premium rate of two factors: the net market price, therefore, when analyzed from two aspects, this is the clear understanding of the inherent investment value of the old closed one of the fundamental path.

Market crash

basis, leverage plate natural escape catastrophe, have declined faster, Why? Leverage 使然. Ibid, lever block off funds exist, premium phenomenon, it is also subject to net worth and market price of these two factors, however, due to leverage these two factors play a role on different levels, has led off each fund, premium rate movements between conditions. Rueifu aggressive premium rate of take nearly a year to a new high, one of the important reasons is that the net is too low, the fund ever higher premium rate, but also because of lower net worth, rather than the higher market price. Valuation of progress, co-Run B premium rate reached its highest level since listing, due to a lower net worth, the company’s background, level of equity investment management capabilities, the trend of market expectations for the market outlook, the future trend of net expected their small size and so on, together form a complex reasons.

stock market crash, fixed income segment of the fund will be favored by natural species. Funds in the current venue, only five low-risk so tradable varieties, we are concerned about these funds, should be more from the perspective of asset allocation, rather than speculation.

the basis of market conditions

collapse that doomed base course, last week, the average net loss rate of 6.86%, are higher. Zhou net loss rate of the leading, medium and small market capitalization stocks to track the index funds, typical is 3 CSI 500 index tracking funds. This issue, which three weeks of the Fund’s net loss rate of more than 10%, of which 2 was 10.49%, the other is 10.45%. Net loss in the week less funds rate, the Castrol fundamentals relative out of 500 color. The fund has such a performance, with only the choice of positioning the stock index is related to the decrease in the market when the non-rational, the higher the intrinsic value of stocks will naturally be slightly smaller injuries. Index fund net movement of this differentiation, but also shows the inherent characteristics of the current stock market: transactions are subject class of cooling, adjust the value of defensive type of investment are steady.

in style with the active investment funds in three categories, standard stock, partial stock-based, flexible configuration type these three funds last week, the average net loss rate of 6.84%, respectively, 6.1% and 6.06%, range are high, especially in the standard stock funds, index funds are basically similar with the standard, professional asset management capabilities, short-term only beat the market by 0.02 percentage points. This situation indicates that, at present, the fund industry has a lot of the Fund’s investment focus is concentrated on the first small-cap stocks, the second collection in the Shenzhen market, the last aspect is configured in the Shanghai market. In addition, the partial stock-based, flexible configuration features of the largest funds is the fund’s stock investments allowed by contract limit the proportion of more than 30% in the vicinity, some may even lower some of the old fund, which fund much to the two types The largest category of asset allocation adjustment of space, but, judging from the current market, many funds do not fully use the investment a good way, that is, a higher equity ratio Shi Zhong, some fund categories long-term asset allocation and equity style funds almost the same, which in the end is their timing is poor, or whether the operation of their investments there are significant violated the regulations? To be discussed, a matter of opinion. □ Air China Galaxy Securities Research Institute, Wang Qun

BEIJING, July 5, according to British media on the 4th Xinhua reported that the University of Bristol researchers investigated 7,000 children, the results show that babies born in the summer and autumn than in spring and winter birth The more babies, more strong. The reason for the mother during pregnancy should be the intensity of the sun’s radiation.

surveyed children aged less than 10 years of age. Children born in summer and autumn than in winter, children born on average half a centimeter per cent more bone area of nearly 13 square centimeters.

researchers said Tobias, a wider and stronger bones means children grow up is not easy to get osteoporosis.

allegedly pregnant women when the sun’s radiation, the body will produce vitamin D, this element of the body play a key role in the baby’s growth.

if pregnant women give birth in the summer, she went for a walk in the final stages of pregnancy, or sunbathing, she received more ample sunlight, the body’s vitamin D levels will reach the necessary value. Some people may be concerned that exposure to sunlight, will get skin cancer, but experts said that the right in the sun to be much better than no sun.

If your baby will be born in the spring and winter, pregnant women, do not worry, some vitamin D can be supplemented orally.

day before 19:30, the preparation a long time, \, Zhang luxurious two-person show the 8-member team, in the last 3 hours of the show, viewers in Taiwan more than 300 times in the field will return to the warm applause of the mountain and his disciples. In live performances, Zhao Benshan also show calligraphy, and auction out of 5.8 million yuan Taiwan dollars (equivalent to RMB 120 million) of the high price. Zhao Benshan the money donated to charity.

Qi join in Taiwan’s big stars

Chang Hsiao-yen, Kevin Tsai, \Kang Yong-where the votes come. Chang Hsiao-yen over the sector as a Big Sister, is a special trip to the theater to experience the charm of song and dance duet. It said Liu Hui, Zhao Benshan the entertainment industry in Taiwan, there are also many good friends, making the star of the show as if a big component of the ceremony.

small Shenyang \

kick off the night before Mao Mao and Wang Jinlong, followed by Yang Bing and Zhao Dan, Xiao-Hu Wang and Zhang, small order of Shenyang and Chen Chunyang debut.

said Liu Hui, staff statistics, almost all of each of the partner’s performance drew applause at least five 60 times, small Shenyang performance of \look in the eyes of audiences in Taiwan and extraordinary creativity so that they have \

funny collision with Jacky Wu

When the party were to 22 pm, Uncle Zhao finally awaited debut, while accompanying him on the stage was two heavyweight star Jacky Wu and Patty, the most amazing is that the three old Friends of the cooperation even performed a skit, \results \

erhu performances and concerts in addition to the classic song, Uncle Zhao also on-site brush ink, writing a scroll \proceeds will be donated to a charitable organization in Taiwan, one after another bid in the sound, the painting sold for 580 million New Taiwan dollars of high-priced.

learned that Uncle Zhao ticket sales are donated to the show in Taiwan charity.