22nd Conference on Int'l Exchange of Professionals opens in Shanghai

The 22nd Conference on International Exchange of Professionals (CIEP), one of China's biggest annual gatherings for talent exchanges, opened in Shanghai on Saturday.

The two-day event is set with 32 conference venues and scheduled with 48 talent exchange events. More than 1,300 international experts from more than 120 countries and regions attended the opening ceremony.

Chinese State Councilor Shen Yiqin attended the opening ceremony, and inspected the work on introducing talents and employment services in Shanghai.

She stressed that it is necessary to further support and guarantee overseas talent introduction, strengthen international talent exchanges, in a bid to establish win-win cooperation, and provide talent and intellectual support for promoting Chinese-style modernization.

Shen also stated precise skill trainings which are necessary to better serve people in employment seeking and bring them additional income.

Founded in 2001, the Conference on International Exchange of Professionals (the CIEP) has been successfully held for 22 sessions so far.

According to initial statistics, each session of the CIEP has attracted professional organizations to participate in the exhibition from more than 40 countries and regions such as the UK, Germany, France, Italy, the USA, Canada, Australia, New Zealand, Russia, Ukraine, Japan, South Korea, Singapore, Israel, Brazil, Argentina, and South Africa.

In its history, more than 35,000 foreign experts, overseas students and professionals have attended the conference, and a total of over 10,000 projects have been launched under the event.

Themed "Pursuing Common Development and Benefiting Worldwide Professionals in the Drive to Scientific and Technological Innovation", the CIEP has become a national, international and comprehensive exhibition and negotiation occasion for the exchange of international technological innovation talents.

22nd Conference on Int'l Exchange of Professionals opens in Shanghai

The U.S. Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the second rate cut in this easing cycle.

Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the Committee's two percent objective but remains somewhat elevated, the Federal Open Market Committee (FOMC), the central bank's policy-setting body, said in a statement.

In support of its goals, the Committee decided to lower the target range for the federal funds rate by 0.25 percentage point to 4.5 percent to 4.75 percent, the statement said.

The Fed's latest decision came after a weak employment report, which showed that U.S. employers added only 12,000 jobs in October, amid a cooling labor market. This slowdown was exacerbated by a strike and the impact of recent hurricanes.

The latest report also revised down employment for August and September, to a gain of 78,000 and a gain of 223,000, respectively. With these revisions, employment in the two months combined is 112,000 lower than previously reported.

After its Sept. 17-18 meeting, the central bank slashed the target range for the federal funds rate by 50 basis points, which marked the first rate cut in over four years and signaled the start of an easing cycle.

U.S. Fed slashes interest rates by 25 basis points amid weakening labor market