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chinadaily.com.cn 2020-07-30 18:23


>Probe snaps Earth and moon
China's Mars probe, Tianwen-1, captured an image of the Earth and moon, about 1.2 million km from Earth, the China National Space Administration (CNSA) said on Tuesday.
China launched its first Mars mission Tianwen-1, which means Questions to Heaven, on July 23, marking the country's first step in planetary exploration of the solar system.
Tianwen-1 took a photo of the Earth and moon with an optical navigation sensor on Monday.
In the black-and-white picture, the Earth and the moon, one large and one small, were both crescent-shaped, watching each other in the vast universe.
According to the CNSA, the probe has escaped the Earth's gravity and entered the Earth-Mars transfer orbit, traveling more than 1.5 million km away from the Earth.
The probe was in good condition, said the CNSA.

Shoppers look at gold products at a jewelry shop in Hangzhou, capital of Zhejiang province. [Photo/China Daily]

>Gold prices soar to record
Gold prices are on a roll as safe-haven buying continued to spur the yellow metal to greater heights amid growing concerns about the global economic outlook, geopolitical risks and the resurgence of the novel coronavirus epidemic.
Gold hit $1,944.68 per ounce on Monday, breaking its previous record high of $1,921.15 in September 2011.
According to data from Shanghai-based market tracker Wind Info, prices have risen by about 25% so far this year.
With rising inflation expectations, unprecedented fiscal stimuli and increasing government debt, many investment banking and financial services have increased their gold price forecasts for the fourth quarter of this year as well as 2021.
Analysts at UBS expect gold prices to touch $2,000 per ounce before the end of the year, driven higher by low US interest rates, a weaker dollar, coronavirus concerns and tension between the US and China.

Employers are relocating jobs to Canada. [Photo/Agencies]

>Visa halt no good for jobs
US President Donald Trump has been trying to encourage firms to hire more American workers by increasing restrictions on visas for skilled foreign workers, including by suspending the H-1B visa program in June.
But a new study found that blocking out skilled labor actually encourages companies to move jobs abroad, where they can hire locally or more easily obtain a visa.
That means more new jobs in countries like Canada, India and China, not in the US, as President Donald Trump has claimed.
By blocking immigration, the US misses out on other benefits, like new patents, additional foreign investment and new jobs in highly-skilled fields, said Britta Glennon, the National Bureau of Economic Research economist who wrote the study.
Research has also shown immigrants are much more likely to start new companies compared to Americans - nearly half of Fortune 500 firms were founded by an immigrant or a child of one - and are more often "job creators" than "job takers".
Glennon said a better policy to help Americans get jobs would be through additional investments in education.
"Make sure that Americans have the right set of skills," she said. "It's a much more sensible way to go about this than trying to block skilled workers from other countries. The reason why they're getting hired is because companies can't find Americans to do those jobs."

Tourists from China stand outside a Laox Co shop in the Akihabara district of Tokyo. Chinese shoppers in Akihabara outspend all other overseas shoppers, according to the local tourism body, parting with more than four times more cash than their US counterparts. The district's stores are hiring Mandarin and Cantonese speakers and putting up two-meter tall billboards to bolster tourism. [Photo/Agencies]

>Laox to close half of its stores
Japanese electronics retail chain Laox said on Tuesday it was shutting down half of its 24 stores as a prolonged coronavirus outbreak keeps away tourists, a major customer base.
Laox duty-free stores had been popular with Chinese and South Korean shoppers looking for Japanese appliances such as rice cookers and electric toilet seats.
Inbound tourist spending accounted for around one-third of its revenue.
But the coronavirus-induced travel slump has forced the chain to rethink its business model.
Laox said it was closing the 12 stores to cut costs and restore its cash flow.

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