Comments Off on in the first seven mon 上海龙凤1314Given the widenin
ing gap between increased spending and the slower expansion of income, some local governments, especially at the co
unty level, are facing fiscal pressure. But the central government will transfer more funds to local go 上海龙凤1314女神会所
vernments to ensure stable fiscal spending and further implement tax and fee cuts, the ministry said.
上海龙凤1314By the end of July, local governments had issued 2.55 trillion yuan in new b
onds for the year, accounting for 82.8 percent of the annual quota of 3.08 trillion yuan.
A quota of 2.15 trillion yuan for local governments’ special bonds－mainly meant to s 上海龙凤1314
upport infrastructure projects－had been 65 percent used up by the end of July, the Ministry of Finance said.
Market speculation is that there will be additional bond quota space to bolster fiscal spending in coming months. But a seni 上海龙凤1314女神会所
or official at the Financial Department of the Ministry of Finance said in an interview this week: “It is unlik
上海龙凤1314ely that the government will raise the quota for local government bonds, or for the special bonds.”
Local government special bonds are seen as an important measur
e to support infrastructure investment, and they also are not included in local 上海龙凤1314
budgeted debt. The annual quota was set by the Government Work Report in March.
About 1.55 trillion yuan in local government special bonds had been iss 上海龙凤1314女神会所
ued in the first half, the Ministry of Finance said. The remaining 600 billion yuan
issuance must be finished by September－a State Council requirement to speed financing for key projects.
China should have an expansionary and much stronger fiscal policy in order to inc 上海龙凤1314
rease public spending and prevent a further slowing of economic growth, said Yu Yo
ngding, a senior economist at the Chinese Academy of Social Sciences. Yu spoke at a recent forum.
The fiscal deficit ratio, which may surpass the government target of 2.8 per 上海龙凤1314女神会所
cent of GDP this year, should be compensated by issuing more central government
bonds, said Yu, who also suggested the central bank lower interest rates for the bond issuance.
Comments Off on Increasing global de上海会所nd for Chinese pro
ue to their cost advantage and rapidly growing domestic demand driven by income growth form the basis of their expan
上海会所ding scales. But the greatest factor driving Chinese enterprises’ continuous development is innovation.
Reform will promote innovation. Innovation will generate new demand and prompt Chinese enterprises to impr
上海会所品茶微信ove their quality, while technological innovation is key to their development and expansion. And to c
hange their long-term dependence on low-end products, the Chinese companies, with the government’s active h
elp, have invested more in research and development to facilitate their qualitative growth and expansion.上海会所
Last year, China’s total investment in R&D accounted for 2.18 percent of GDP, equivalent to the average of OECD countries, with the average R&D intensity o
上海会所f high-tech enterprises and A-share listed companies being about 3 percent and 4.87 percent.
Higher R&D investment has increased the enterprises’ capacity for independent innovation and competition advantage.
In particular, since the 18th National Congress of the Communist Party of China in November 2012, which for上海会所
mulated the innovation-driven development strategy and five new development concepts, Chinese en
上海会所品茶微信terprises have increased R&D investment and achieved remarkable breakthroughs in core technologies. In
fields as important as aviation, railways and 5G technology, Chinese enterprises have even taken a leading position.
Huawei is a good example of an innovation-driven high-tech Chinese company.上海会所
For years Huawei’s R&D intensity has been above 14 percent. In actual terms, Huawei’s R&D investment las
上海会所品茶微信t year was 101.5 billion yuan ($14.77 billion)－the fifth-highest in the world and more than that of Microsoft, Apple an
d Intel. Also, by the end of last year, Huawei had more than 87,800 global patents. No wonder Huawei’s R&D in
vestment and abundant innovation have placed Huawei at 61 on the 2019 Fortune Global 500 list.上海会所品茶微信
And despite Washington preventing US companies from selling components to Hua
wei in the first half of this year, the company’s mobile phone shipment grew continuously.
上海会所Since the beginning of this century, Chinese companies have been
applying or trying to apply modern information technology to improve production and ope
rations. The Internet Plus strategy has helped expedite the integration of enterprises and the inte上海会所品茶微信
net. And many enterprises have achieved rapid growth by making use of innovative business models thanks to IT.
Comments Off on The People’s Bank of上海千花坊on Saturday that it wil
ll improve the mechanism of the loan prime rate－the price of loans banks offer to their best clients－and use the mech
anism as the reference rate for business and household loans. The move was broadly seen as China’s effort to give th上海千花坊女神会所
e market a greater say in setting prices and to lower the real interest rate for companies.
上海千花坊”The rate reform will help reduce borrowing cost for companies so that they can expand investment and
production. It will also help improve corporate profitability,” said Yu Ke, an analyst at Guoyuan Securities.
The central authorities’ decision to support the development of Shenzhen also boosted the pric上海千花坊女神会所
es of technology companies on Monday as Shenzhen is the home of many high-tech and innovative firms.
The guideline also said that it will explore the registration-based initial p
上海千花坊ublic offering system on the startup board in Shenzhen and will support the city in car
rying out foreign exchange reform and accelerate the internationalization of the renminbi.
Ma Tao, an analyst at Caitong Securities, said that investment opportunities could emerge from technology sectors includ上海千花坊
ing 5G, artificial intelligence and life science as the guideline from the central authorities will help strengthen Sh
enzhen’s advantage as the leading technological and innovation hub for the country.上海千花坊女神会所
An index that tracks major securities brokerages also soared by 6.9 p
ercent on Monday as investors believed that a market rally will benefit securities firms.
上海千花坊The securities regulator has expanded the number of stocks qualified for the margin
trading and short selling business of the securities brokerage and has relaxed margin financing rules. The deci
sion became effective on Monday, which also helped lift the stock prices of securities firms.上海千花坊女神会所
Many young people in Hong Kong seem to have misunderstandings about the Chinese mainland and the United States.
No matter how noble an individual goal is, the collective outcome could be exactly the opposite of what each individual wa
nted. When I taught social decision theories, my students often could not believe thei上海千花坊女神会所
r eyes that collective decisions are necessarily dictatorial, even under very minimal assumptions. That is an implic
ation of the Arrow’s impossibility theorem developed by Nobel laureate Kenneth Arrow.
Comments Off on The essential feature上海千花坊alism with Chinese
characteristics is the leadership of the Party, which plays a central role in co
ordinating the overall situation, he said, citing Shenzhen as a good example of ha上海千花坊
ndling the relationship between market and government since China’s reform and opening-up began.
上海千花坊女神会所Early this week, Washington will review its decision on Huawei as scheduled. It put the co
mpany on its export-control list on May 15, delaying the restrictions for three months from May 21.
Although it might be the US suppliers of Huawei that care more about the outcome than the Chinese telecommu上海千花坊
nications giant itself, the US should not try to hold Huawei hostage to try and force China into agreeing to an unfair trade deal.
Huawei is confident that no power can hold back the pace with which the world wil上海千花坊女神会所
l step over the threshold into the 5G era and equally sure of its leadership advanta
ges in that technology, which come from its innovation and foresight. It spends about $20 billion a year on research a上海千花坊
nd development, and it has reportedly already begun research on the next generation 6G telecommunications technology.
Its profitability has endowed its vision with practical meaning. In the first half of this year,上海千花坊女神会所
its sales revenue reached 401.3 billion yuan ($57 billion), up 23.2 percent year-on-year, realizing a net profit of a
bout $5 billion — last year the company’s annual net profit was about $8.4 billion.
上海千花坊Indeed, Ren Zhengfei, founder and CEO of Huawei, in his most recent
media interview, even thanked the US for letting the world know how good Huawei is.
Despite this, the US government should take the opportunity to rethink its decision on Huawei.上海千花坊女神会所
However, all the signs suggest the US will not change its mind. Meng Wanzhou, Huawei’s chief financial officer, is still being detaine
d by Canada at the request of the US, and there has been no indication she will be released.
Comments Off on At the conference, the 上海夜网tes were encourag
ed to present high-quality performances through effort and composure. Working staff mem
上海夜网品茶微信bers, including coaches, interpreters and consultants, are encouraged to work closely with the candidates.
Zhang Weiyu, from Changzhou Technician College in Jiangsu province, who will join the Industrial Mechanic Mil上海夜网
lwright project, said he felt honored and will strive to show his best performance.
The State Council has decided to establish a steering group
to resolve late wage payments for migrant workers and protect their legal rights.上海夜网
According to a circular released on Aug 15, the group will play a role in major policy implementation, work co
上海夜网品茶微信ordination, policy research, and supervision on regulations and laws regarding payment of migrant workers.
“Two years ago, my schoolmate Song Biao won the championship for the project in WorldSkills Abu Dhabi 2017, g
iving great inspiration to my life,” he said. “I’m getting prepared and I think it’s time for me to show up.”上海夜网
Feng Weiyuan, president of Guangdong Machinery Technician College, said that during the competitions strong support wi
ll be given to candidates, ranging from weather information and accommodation to skills consultancy.上海夜网
He said that the college sent about five groups of teachers and students to
Russia from May to July, getting them familiar with the climate, lifestyle and culture t
here, to help adjust the college’s campaign or plans for the WorldSkills competitions.上海夜网品茶微信
“As to the approaching games in Kazan, we’ve prepared three different outfits
for our candidates, interpreters and skills consultants in case the weather changes,” he
said. “Also, we will prepare Chinese-style food like soups and porridge for the candidates.”上海夜网
It’s the fifth competition that China has participated in the delegation group, with 63 c
andidates joining the competitions, among whom 54 are male and nine are female.上海夜网品茶微信
In 2020, the 46th WorldSkills will be held in Shanghai.
Comments Off on British adventurer com上海龙凤earlong Yangtze walk
A British explorer is claiming to be the first person to walk the length of the Yangtze River in China after enduring fr
eezing temperatures, blistering heat, and altitudes of more than 5,000 meters during his epic trek.上海龙凤品茶微信
Ash Dykes, from Old Colwyn in North Wales, finished the 6,437-kilometer jo
上海龙凤urney on Monday after he was delayed by a couple of days because of Typhoon Lekima.
The 28-year-old said he felt great after crossing the finish line in
Shanghai, where he was greeted by family, media, and Chinese supporters.上海龙凤品茶微信
“As soon as I was on the final stretch, people started to join and we sort of ran to the finish and popped the champagne,” Dykes said.
The expedition took two years to plan and 352 days to complete.
At the start of the trek, the source of the Yangtze River was difficult to上海龙凤
reach and four members of his team left the expedition before it began because of al
titude sickness. There were also fears over the possibility of bear and wolf attacks.
“One day, I was told by locals that a woman was killed by a pack of上海龙凤品茶微信
wolves and for the next two days we were followed by a pack of wolves, so that was very int
imidating,” Dykes said. “We thought bears would leave us alone but the locals told us otherwise … so we would try and shel上海龙凤
ter with the locals or, if I was in my tent, I wouldn’t get food out. We had to stay alert and focus.”
He said he wanted to use his journey to highlight conservation projects by partne上海龙凤品茶微信
ring with the World Wide Fund for Nature, Green Development Foundation, and Water to Go.
Comments Off on mes reporter Fu Guoh上海楼凤by rioters at the Int
At midnight, violent activists bound the hands of a reporter surnamed Fu from the website of Glob
al Times, accusing him of posing as a reporter. They beat Fu, causing him many injuries.上海楼凤女神会所
The two men remain in hospital.
“We condemn in the strongest terms such acts that are almost terrorism and express
上海楼凤our deep sympathy to the injured mainland residents and Hong Kong police officers,” the spokeswoman said.
“Recently, the radical violators in Hong Kong have completely breached the bottom line of law, m
orality and humanity. Their flagrant acts of serious violent crimes in public are shocking and chilling.上海楼凤女神会所
“Their violence was an extreme contempt for the rule of law, which has seriously damag
ed Hong Kong’s international image and hurt the feelings of compatriots on the mainland.”
She said such violent crimes must be severely punished according to law.上海楼凤
“We firmly support the Hong Kong police force and the judiciary in carrying out reso
lute and strict justice and bringing criminals to justice as soon as possible,” she said.上海楼凤女神会所
Liaison Office condemns violence
“The atrocity has totally gone beyond the bottom line of a civilized soc
上海楼凤iety, which is no different from terrorists’ acts,” the Liaison Office noted in the statement.
In addition, the office pointed out the protesters’ acts, including paralyzing op
erations of the airport and harassing passengers of various nationalities and ages上海楼凤女神会所
severely hurt others’ rights and damaged Hong Kong’s international reputation.
“This time the protesters have torn down their deceptive上海楼凤
masks of ‘peace, rationality and non-violence'”, the statement reads.
上海楼凤女神会所Moreover, the Liaison Office pledged it will continue to assist relevant authoritie
s in safeguarding the personal safety and legitimate rights of mainland residents in Hong Kong.
Comments Off on Serving the people: 上海夜网mission alivectures in front
Party motto inspired by young soldier keeps educating members in new era
XI’AN-Serving the people wholeheartedly-this is
the motto of the Communist Party of China (CPC), the world’s largest ruling party. 上海夜网
In an education campaign themed “stay true to our founding mission”, which has been carried out nationwide since May, all CPC
members and officials are required to bear in mind the phrase and act accordingly. 上海夜网女神会所
The expression “serving the people” originated from a speech by late Chinese leader Ma
o Zedong in September 1944 in memory of a soldier, Zhang Side, renowned for
his lofty morality for serving the people wholeheartedly and sacrificing for the benefit of the people. 上海夜网
The speech has had a profound impact on the history of the CPC, and “serv
上海夜网女神会所ing the people wholeheartedly” became the fundamental purpose of the Party.
Seventy-five years on, Zhang’s stories have been eulogized by generations of Chinese, and his spirit has been passed on.
Role modelBorn in an impoverished peasant family in Sichuan province in 1915, Zhang joined the New Fourth Army in 上海夜网
1933 and the CPC four years later. Throughout the Long March, Zhang fought bravely in battles and was injured seve
ral times. He also worked very hard while in Yan’an, a revolutionary base of the CPC in the 1940s.
On Sept 5, 1944, Zhang was working in a kiln with several soldiers when suddenly, the kiln coll 上海夜网女神会所
apsed. Zhang pushed a soldier out of the kiln, resulting in him being buried. He died at the age of 29.
Comments Off on We saw growing profit in娱乐地图America last year, es
especially from key markets such as Chile, Argentina, Ecuador and P
eru,” said Li Junzhi, head of Dongfeng’s international business department.娱乐地图
China’s trade liberalization efforts, such as the expansion of the China (Shanghai) Pilot Free Trade Zone and the hosting of the se
cond China International Import Expo, scheduled for November, will also help the country to put its foreign trade on a f
娱乐地图女神会所irmer footing, said Wei Jianguo, vice-president of the China Center for International Economic Exchanges.
He said the expected conclusion of the talks of the Regional Comprehen
sive Economic Partnership, a free trade mechanism attended by ASEAN, China, J娱乐地图
apan, the Republic of Korea, Australia, New Zealand and India, will also help expand China’s foreign trade activities.
Over two-thirds of the RCEP negotiations on bilateral market access have been completed, and negotiations on the rema
ining parts are being actively pushed forward, the Ministry of Commerce said late last month.娱乐地图女神会所
If the RCEP deal can be sealed, it will create one of the world’s largest trading blocs, accountin
娱乐地图g for 45 percent of the world’s population, 40 percent of global trade and around one-third of the world’s GDP.
When other university students enjoy summer vacation, one 20-year old woman is b
usying herself with an unusual online career in Changsha, Central China’s Hunan province.娱乐地图女神会所
Taught to be independent in 18 by her mother, Wei Shufen, a performance majo
r fascinated with the process of eating, started producing web videos on food as a freshman.
娱乐地图Cooperating with classmates skilled at video shooting and editing, Wei developed
series with 2 million fans, eventually receiving some commercial video production orders.
A meatball video titled “I like to eat hot pot” attracted tens of thousand娱乐地图女神会所
s of people to visit a store on Taobao, China’s largest e-commerce platform.
Comments Off on China, US must seek ne上海乌托邦lance of traderal ties bas
Experts: Bilateral ties based on mutual benefits and comparative advantages
China and the United States need to establish a new balance of trade, finance and tech上海乌托邦品茶微信
nology cooperation, while avoiding a full-blown confrontation amid intensified tensions, experts said.
Their comments came as Washington threatened to impose an additional 10 percent tariff on $300上海乌托邦
billion worth of Chinese goods starting Sept 1, and labeled China “a currency manipulator”.
上海乌托邦品茶微信Huang Renwei, deputy director of Fudan Institute of Belt and Road & Global Governance, said China-US relations are unpre
cedentedly grim, because the ballast stone-their economic and trade ties-has been facing harsh confrontation.
“We should persist in building a new strategic balance between China and the US, a b上海乌托邦
alance in terms of trade, finance and technology,” Huang said during a seminar in Beijing.
Such a balance cannot be immediately established, but the goal won’t be c
上海乌托邦品茶微信hanged, Huang said. Only when those US hard-liners are greatly challenged, will they come to seek the new balance, he added.
Wang Wen, chief economist with China Export and Credit Insurance Corp, sa
id China-US economic and trade relations are based on comparative advantages and mu上海乌托邦
tual benefits, which bring huge benefits to companies and consumers of both countries.
上海乌托邦品茶微信The world’s two largest economies have been involved in addressing th
e trade tensions for the past year. Analysts said the US’ new tariff threat puts the
progress that both parties made in the past 12 rounds of high-level talks in vain.