【英语简明新闻】Headline News June 23

Global RMB penetration gathers pace: Moody's A Moody's report says offshore RMB bonds will grow moderately this year. A senior officer of Moody says some moves have further boosted the use of RMB in cross-border transactions and investments. They include China's "Belt and Road" initiative and the establishment of the Asian Infrastructure Investment Bank. The IMF's upcoming decision whether to include the Chinese currency in the special drawing rights basket is also key to its internationalization. China's Gaokao results of 9 million students to be released soon The results of China's college entrance examination are expected to be released across the country this week. Most of the test authorities in China will start to release results today. Universities in China will launch their annual admission work in early July. Students will then start their applications for school choosing. Over nine million students across the country took the exam. Chinese vice premier calls for further China-U.S. cultural exchanges Visiting Chinese Vice Premier Liu Yandong has called for further exchanges on culture and art between China and the United States. Liu made the remarks before the opening concert of the China-U.S. Composers Project at a music hall in Washington on Monday evening. She said the China-U.S. Composers Project offers an innovative platform for musicians of the two countries to conduct cooperation. The project aims to promote the music work of contemporary composers from both sides and enhance mutual understanding between the two peoples. The United States government for its part has sent musicians, dancers and film experts to China for cultural exchanges in past years. Chinese premier to attend China-EU leaders' meeting It has been announced that Chinese Premier Li Keqiang will attend the 17th China-EU leaders' meeting later this month in Brussels. This meeting is the first since the change in EU leadership. Li Keqiang is set to visit Belgium and pay an official visit to France from June 28 to July 2. He also plans to visit the headquarters of the Organization of Economic Cooperation and Development in Paris. China allocates 25 bln yuan for water projects China plans to allocate 25 billion yuan, some 4 billion U.S. dollars on water projects. Part of the fund will replenish capital for nearly 30 existing projects, with the rest to be used on more than 140 new projects. These projects mainly focus on irrigation, diversion, water saving and river clean up. China's total investment on water projects reached up to 500 billion yuan in 2014. Officials from the water resources ministry have predicted the investment would top that figure this year. Two S. Korean detainees sentenced to life imprisonment in DPRK Two South Koreans detained in the North have been sentenced to life imprisonment. North Korean authorities have claim that the two people are spies sent by South Korea's National Intelligence Service to pry into the country's military secrets. A supreme court has declared them guilty of anti-North Korea espionage activities under the manipulation of the U.S. and South Korea. The two South Koreans have been sentenced to a lifetime of hard labor. Japan's ruling LDP plans leadership election on Sept. 20 report Japan's ruling Liberal Democratic Party is eyeing its triennial presidential election on September 20th. Current Prime Minister Shinzo Abe is expected to secure his position without a contest. It is reported that details of the election may be officially announced in early September. Meanwhile, the Diet of Japan has decided to extend its current session for more than three months through September 27th. Japan to host G7 summit meeting next year Japan is set to host a summit meeting of the Group of Seven industrialized nations in May of next year in the city of Shima. Chief Cabinet Secretary Yoshihide Suga made the announcement, and also confirmed that the country will host other ministerial meetings in areas such as foreign affairs and finance. But the time and venue of those meetings has not been decided yet. Meanwhile, Japan has not decided whether it will invite Russian President Vladimir Putin to the 2016 G7 summit. At least 6 immigrants drown as boat sinks in Aegean Sea At least six migrants have drowned as a boat sank in Aegean Sea off western Turkey. The boat was carrying over 60 immigrants heading for the Istankoy Island of Greece, and sank in the Aeagean on Tuesday morning due to a strong storm. Turkish Coast Guards say they discovered six bodies of migrants and rescued some others. An investigation is underway. Eurozone leaders pledge to finalize Greek debt talks this week Eurozone leaders have agreed to finalize the Greece debt talks later this week. Greece has offered two proposals to its international creditors over the past two days. But finance ministers and state leaders of the euro zone have declined to reveal any details of the offers. A Eurogroup meeting will be held to hear the final outcome of the in-depth assessment. Maradona to run for FIFA president Argentinian football legend Diego Armando Maradona is ready to run for the presidency of scandal-hit world soccer body FIFA. The retired footballer and coach has confirmed that he is a candidate. Venezuelan President Nicolas Maduro has also proposed Maradona run for football's top office.