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Yin Yong, vice-governor of the People's Bank of China, said the government will take more steps to relax controls of usage of yuan, as efforts to promote the opening up of domestic financial markets such as bond connect and outbound investment in projects related to the Belt and Road Initiative have been raising the demand for more usage of the currency.

Yunnan Baiyao is a pharmaceutical brand, which traces its origins to 1902 and is known for herbal medicines that can prevent bleeding and ease pain.

You might think that setting up the basic institutions of business and market governance－the rules of the road, the software－would be easy compared to building physical infrastructure, developing technology or raising a nation's education level.

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Young people from Hong Kong, who understand both Chinese and Western culture and are proficient in Mandarin, Cantonese and English, are equipped to facilitate the Bay Area as it goes global, he said.

Yi Gang, the PBOC governor, reiterated in a statement on Monday that China will not pursue a competitive devaluation of the RMB, nor will it use exchange rates as a means for competition or coping with trade disputes.

Yeung explained the problems that have emerged in Hong Kong's education sector over the past six months. One of those problems is that some teachers have attempted to influence students with their personal political views in classes or incited students to participate in strikes and even illegal demonstrations, he said.

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Young people started to leave for Tokyo in the 1960s, said Takumi Fujinami, an economist at the Japan Research Institute.

Yiwu exports over 20,000 types of Christmas items to more than 100 countries and regions every year, accounting for 60 percent of the world's market share. A merchant told Xinhua that her company alone sold 200,000 Christmas trees to countries including the United States, Argentina, Italy and Colombia last year.

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Yuanjiacun has arranged evening classes for villagers to learn English and set up bilingual signs in scenic spots. The village also sent more than 300 villagers to Japan and Thailand to learn about tourism services and fine-grained management.

Yuan Tianxiong, a 54-year-old manager of a mixed concrete plant under China State Construction Engineering Corporation, was one of them.