rvingly opening to the outside world to increase its resilience to risks
and shoulder its responsibility as a major country,” said Wang Xiaosong, a researc 上海千花坊
h fellow with the National Academy of Development and Strategy under Renmin University of China.
上海千花坊Covestro, a global chemicals giant that has been in China for nearly 20 years, is plannin
g to upgrade its China headquarters in Shanghai to its Asia-Pacific headquarters.
Holly Lei, president of Covestro China, said after the move, the 上海千花坊
company could better coordinate global resources to grow together with China.
上海千花坊China is Covestro’s biggest single market and Shanghai is hom
e to its largest plant while housing its Asia-Pacific innovation center, said Lei.
Covestro is not alone in terms of expanding its business ambitions in the world’s second-largest economy. 上海千花坊
French carmaker PSA Peugeot Citroen plans to set up a regional procurement center in Sha
nghai. German chemicals giant BASF has increased investment to upgrade its innovation center in Shan
ghai after investing in a $10 billion production facility in Zhanjiang. The city is also home 上海千花坊女神会所
to Tesla’s gigafactory, which is under construction with an investment of over 50 billion yuan ($7.1 billion).
Investments from the European Union, Singapore, Japan and countries included in t 上海千花坊
he Belt and Road Initiative all grew at double-digit rates in the first half and the investm
ent structure is being optimized, said Hua Yuan, director of the municipal commission of commerce.
The high-tech service industry reported an actual use of foreign investment of $1.7 bil 上海千花坊女神会所
lion in the first six months, posting a hefty annual growth of 29.6 percent, said Hua.
A series of opening-up measures in multiple fields and industries and the impro
ving business environment has ramped up foreign investment interests in China.
Shanghai’s highest bookstore opened at 52nd floor of Shanghai Tower, China’s tallest skyscraper.
The 2,200-square-meter place named Duoyun Bookstore is 239 meters above the ground. Book lovers上海千花坊品茶微信
can enjoy reading beside clouds and have a bird’s-eye view of both sides of the Huangpu River.
hile it’s commonplace for Chinese square dancing to be accompanied by loud music, one group of older dancers in N上海千花坊
anning has decided to turn off the loudspeakers without turning down their fun.
Tired of noise complaints, the Nanning Dream Team ditched the speakers and added individual headsets to make sure they上海千花坊品茶微信
can still enjoy dancing in the community, but in what to neighbors must be a more civilized way.
In a city square in Nanning, South China’s Guangxi Zhuang autonomous region, nearly 100 seniors concentrated on
following the moves of their dance leader while wearing headsets to listen to the music.上海千花坊
Many passersby did a double take when they saw the dance team go through a rout
上海千花坊品茶微信ine, seemingly without any audible music blaring from loudspeakers.
When asked why they dance in this way, they said they had no other choice
.– The area where they dance is between two close residential buildings, so noise e
choed and disturbed nearby residents. Surrounding merchants and residents used to complain about the noise they m上海千花坊
ade. Some even splashed water or threw items from the upstairs floors of buildings close by.
The team leader, surnamed Yang, said the dancers didn’t want to annoy上海千花坊品茶微信
the neighbors, and that’s why she suggested the group dance with headsets.
This perfect solution has ended complaints, simply via a small tran上海千花坊
smitter which can set channels and transmit the signals, creating the music all the dancers listen to simultaneously.
“I bought the device at my own expense, while our dancers pay for their own head上海千花坊品茶微信
sets,” Yang said. “Dancers can adjust the volume of their wireless headset and select stereo mode, which is ve
ry beneficial for us to enjoy dancing and not disturb others anymore. What a win-win solution!”
has become the third largest trading partner of US.
“The first half of this year, only US imports increased; but its export上海千花坊女神会所
s have declined by 1 percent year-on-year. Its foreign trade growth entirely relies on its i
mports,” he said. “However, China’s exports in the first half of this year were still on the rise.”上海千花坊
Mei Xinyu, a researcher at the International Trade and Economic Cooperation Institute of the Ministry of Com
merce, said the intensified trade dispute will only further expose a downfall within the US economy.上海千花坊
India’s top lender seeks fresh growth opportunities to boost bilateral trade, investments
Amid a wave of closures of various Indians banks’ China operations, India’s larg
est lender said it will not only stay committed to serving the mainland market but seek fresh growth oppo上海千花坊女神会所
rtunities, to boost both bilateral trade and the growing Chinese investments in Indian startups.
上海千花坊”The deepening of reforms and opening-up in China’s financial services sector, and
the rise of the AIIB(Asian Infrastructure Investment Bank) and the NDB (New Development Bank) are en
上海千花坊couraging signs in China. Despite slowing economic growth, China remains a key destination for foreign banks. Pr
ospects for bilateral trade growth are bright, so we are looking at trade finance,” said Venkat Nageswar, deputy ma
naging director in charge of international operations of the State Bank of India.上海千花坊女神会所
He argued the $300 billion Chinese exports were mainly daily consumption products. As the tariffs are enforced, it will s
timulate inflation in the US, which has been increasing in recent years faster than the consumer price index.
上海千花坊Zhou Mi, a researcher at the Chinese Academy of International Trade and Econ
omic Cooperation, said imposing tariffs will only put on more risk on the supply side of US’ industry chain.
“China is a developing country while the US is a post-industrialized country. A large part of their materials to make con上海千花坊女神会所
sumer goods and industrial products depends on imports,” Zhou said, adding that tariffs will only leave the US with two ch
oices—buying from China with a higher cost, or buying from other countries with uncertain quantity and quality.
ram may harm banks’ capital adequacy, regulators will support banks to issue perpetual de
上海千花坊bt – a type of debt without a maturity date – to replenish their capital. Foreign investors will also be allowed to own st
akes in the financial investment firms that take part in the debt-for-equity swaps, the guideline said.
Meanwhile, the guideline said that good-quality and com上海千花坊女神会所
petitive companies with high leverage ratios will be encouraged to participate
in the program and the country will step up efforts to enhance asset pricing of swaps.
上海千花坊Various measures will also be unveiled to lower corporate leverage and properly handle the debt issues of loss-making “zombie c
ompanies”, the guideline said, urging financial institutions to keep monitoring the risks of corporate debt.
Li Longhai, an analyst at Dongguan Securities Co上海千花坊女神会所
Ltd, said that the measures will help banks offload distressed debt from their
balance sheets and will help ease the pressure from the rising nonperforming loans.
“It will also benefit private companies and help them resolve debt risks. And it could sav
上海千花坊女神会所e companies that have strong growth potential but are in temporary difficulties,” Li said in a research note.
As of June 30, the contract value of the debt-for-equity swap program reached 2.4 trilli
on yuan ($350 billion) with about 1 trillion yuan already in place and ready for investment. The value of new contr上海千花坊
acts of debt-for-equity swaps signed in this year reached 390 billion yuan, according to the NDRC.
上海千花坊女神会所Zeng Gang, deputy director of the National Institution for Finance and Developmen
t, said: “The debt-for-equity swaps will improve the financing ability of companies, reduce
their borrowing costs and boost their profitability as well as their business sustainability.”
City has ‘made great achievements’, aims to become R&D base, mayor says
上海千花坊女神会所Tianjin, a major northern port city, has witnessed positive outcomes in its efforts to pursue high-
quality development, and the city will continue working to boost productivity and seek new momentum to fost
er green and sustainable development, according to its city government.
“We’ve made great achievements in the field of smart technologies, buoyed by a group of leading tech firms and research instit上海千花坊
utes,” said Zhang Guoqing, mayor of Tianjin. “Next, we will ramp up efforts to build the city into a national advanced ma
上海千花坊女神会所nufacturing research and development base as well as a hub of strategic emerging industries.”
Zhang made the remarks on Monday at a State Council Information Office news conference held in Beijing.上海千花坊
According to him, the city will make a big push to transform and upgrade tradition
al industries, thus creating new growth and bringing about innovation-driven development.上海千花坊
More efforts are needed to foster the high-end industrial chain, introduce more innovative high-tech companies, creat
上海千花坊女神会所e a high-tech and high-end innovation platform and pursue the application of smart technologies, Zhang noted.
In the first half of this year, the city’s GDP surged 4.6 percent year-on-year to about 1.04 trillion yuan ($150 billion), official data showed.
During that period, value-added industrial output in Tianjin surpassed 417 billion yuan, up by 3.5 percent year-on-year.上海千花坊女神会所
Specifically, valued-added automobile manufacturing output and sp
上海千花坊ecialized equipment manufacturing surged by 11.7 percent and 18.2 percent respectively.
Now, Tianjin is shaping up to become a high-tech hub, having rolled out a series of supportive policies to develop the blo
ssoming artificial intelligence sector as it aims to inject new impetus into the city’s economic growth.
Last December, Tianjin unveiled a three-year plan to boost the innova上海千花坊
tive development of seven AI-related industrial chains, including the ind
上海千花坊女神会所ependent and controllable information system, smart security, big data, adv
anced communications, intelligent connected vehicles, industrial robots and intelligent terminals.
ntering a new era, Shanghai encountered unprecedented opportunities
上海千花坊in domestic garbage treatment, reflected in three later-developing advantages.
(1) Shanghai has the advantage of “overtaking in bends”
上海千花坊女神会所Four first-tier cities across the world established modern garbage classification systems about 50 years ago.
These systems were first carried out from the perspective of the circular economy. Shangh
ai, as a catcher, started to classify and recycle municipal garbage through comprehensive integration.上海千花坊
Today garbage in Shanghai is classified into four categories: harmful; recyclable; organic; and other.
上海千花坊女神会所This integrates waste recycling, composting, incineration and landfills, and has the advantage of overtaking in be
nds. Shanghai for example provides a fixed subsidy for the construction of wet garbage resource facilities.
(2) Shanghai has the advantage of “backward force”上海千花坊女神会所
Shanghai’s waste treatment sets the maximum capacity of landfill and incineration fa
上海千花坊cilities, reverses the front-end classification collection and resource utilization, and reduces quantity at the source.
The city encourages classification by disposing
of organic garbage for free and calculating the cost of other garbage disposal.上海千花坊女神会所
Shanghai also promotes quality control and both rewards and
上海千花坊punishes district treatment facilities through its garbage treatment fee system.
(3) Shanghai has the advantage of “governance orientation”上海千花坊女神会所
Shanghai residents participate in making waste classification a bottom-up action.
Enterprises strengthen market-oriented changes and fulfill their corporate social responsibility.
uary and it only took four months to reach an official agreement with the CSGKC administrative committee.
Biopharmaceuticals company InnoCare entered the CSGKC last year. Its founder and CEO, Cui Jis上海千花坊女神会所
ong, said the company will set up a production base in the CSGKC. Their first independent patented
上海千花坊new drug will hit the market by 2020 with an estimated sales value of 10 billion yuan.
Meanwhile, a General Electric bio-campus and an oncother
apy medicine manufacturing center of the international pharma company BeiGene wi上海千花坊女神会所
ll finish construction in the CSGKC this year. It will lead a new stage of development for the knowledge city.
Liu Jian, senior vice-president of BeiGene, said that the production center started construction in 2017. It is exp
上海千花坊女神会所ected to begin operating in the third quarter of 2019, with a production capacity of 24,000 liters of biological agent.
The CSGKC is also designated as a State-level pilot zone for the comprehensive reform of IP use and protection by the Sta上海千花坊
te Council. It has attracted the Patent Examination Cooperation Center of the National Intellectual Property Ad
ministration in Guangdong to settle in CSGKC. They are an important partner to build a whole IP chain in the area.上海千花坊女神会所
The center assesses patent invention applications, searches international patents and international preliminary applic
ations under the Patent Cooperation Treaty. It has processed 706,000 patent filings to date.上海千花坊
The center can handle more than 150,000 filings every year, covering machi
上海千花坊女神会所nery, electricity, communication, medicine, chemistry, optoelectronics and materials sectors.
Qiu Jiangwen, deputy director of the center, said it will participate in the Bay Area
‘s IP cooperation mechanism and promote the IP culture through various activities.上海千花坊
The local government is striving to improve the local investm
上海千花坊女神会所ent environment with better policies, infrastructure and public facilities.
Among them, the local government will provide housing and rent subsidies for professionals working in the CSGKC.
Shenzhen in South China’s Guangdong province released 39 measures to further deepen the reform a
nd innovation of the Qianhai and Shekou Area of the China (Guangdong) Pilot Free Trade Zone on July 8.上海千花坊
The measures cover four aspects: creating a sound investm
上海千花坊女神会所ent environment, improving trade facilitation, promoting financial inno
vation to serve the real economy, and advancing trials in the field of human resources.
To create a sound investment environment and attract more foreign investment, the Qianhai and Shekou Area is allow上海千花坊
ed to introduce innovative tax services in line with international standards. Wholly foreign-owned cons
上海千花坊女神会所truction enterprises in the area, when undertaking Sino-foreign joint construction projects in the province, will
be free of restrictions on the proportion of Chinese and foreign investment.
The Qianhai and Shekou Area will be granted the administrative authority to register free import and export techn上海千花坊
ology contracts, as well as the record management of imported cosmetics with no special purposes. The appli
cation of single-window platforms for international trade throughout the city, in which cross-border traders can subm上海千花坊女神会所
it regulatory documents at one location, will be promoted in the area to improve trade facilitation.
Financial institutions in the Qianhai and Shekou Area are permitted to handle renminbi derivatives and other bus
inesses for overseas agencies in accordance with relevant regulations under the premise of legal compliance and上海千花坊
controllable risks. The area is also encouraged to carry out pilot work in securitizing intellectual property rights.
上海千花坊女神会所The approval authority for the establishment of Sino-forei
gn joint ventures or wholly foreign-funded human resource recruitment agencies wi
ll be delegated to the Qianhai and Shekou Area. The area is also authorized to formulate regulations on the manag上海千花坊女神会所
ement of professionals from Hong Kong and Macao in accordance with national laws and regulations.
line will help Sichuan province build itself into an inland transportation hub within China
as well as a bridge that connects the country with South Asian countries including Nepal and India, wh上海千花坊
ich will greatly boost the economy in southwestern China with convenient transportation.”
The Sichuan-Tibet railway will be the second rail line connectin
上海千花坊女神会所g Tibet with the rest of the country. The 1,956-km Qinghai-Tibet Railway opened in
Military aircraft in development will be able to carry out air, land, sea attacks
China’s development of the FC-31, the country’s second steal
th fighter jet, is proceeding smoothly and on schedule, according to its chief designer.上海千花坊
Sun Cong, president of the Chinese Aeronautical Establishmen
上海千花坊女神会所t under Aviation Industry Corporation of China, said at a news conference on Thursday in Sh
enyang, Liaoning province, that people should be patient and wait for good news from the project.
“You will see its latest developments in due course, in the near future,” said Sun, who上海千花坊
is also the chief researcher at AVIC’s Shenyang Aircraft Design and Research Institute.
上海千花坊女神会所Sun’s comments indicated that China has never wavered in its attempts to develop and build a second series of stealth com
bat aircraft after the J-20 entered service with the People’s Liberation Army Air Force in 2017.
His remarks are likely to reassure anyone concerned about the fate of上海千花坊
FC-31 because of its virtual disappearance from public view over the past two years.
The twin-engine, radar-evading fighter jet was unveiled in October 2012 when a prototy上海千花坊女神会所
pe made its maiden flight, becoming China’s second 5th-generation fighter jet, following the J-20.
上海千花坊The FC-31 has a high survivability rate, a low radar signature, advanced electronic countermeasures, strong information gat
hering and handling capacity, outstanding situational awareness and beyond-visual-range combat capability.
In addition to air combat, it can also carry out strikes against land and sea targets, according to its designers.上海千花坊女神会所
The aircraft has a large weapons bay and can carry multiple external missiles.
According to AVIC specifications, the FC-31 has a maximum takeoff we
ight of 25 metric tons, a combat range of 1,200 kilometers and a top speed of Mach 1.8, or 2,上海千花坊女神会所
205 kilometers per hour. It can carry 8 tons of weapons and has a designed life span of up to 30 years.
language at the age of three, but only started to learn Chinese at a Chinese culture center at the age of eight.
“I pushed him to learn Spanish at school, because it is a lot easier,” Mrs. Nju
mbe told Xinhua. “He refused. Chinese is the only foreign language he wants to learn.”上海千花坊品茶微信
Mrs. Njumbe still remembered clearly the “Three Little Rabbits,” a Chinese lullaby, h
er son sang to her when he was three years old. “He learned it from a TV song contest.”上海千花坊品茶微信
Njumbe just spent two weeks to practice his prize-winning Chinese songs. He is dreaming
上海千花坊of going to China on summer programs once growing 12 years old. “I am not old enough to go now,” he told Xinhua.
“I love Chinese Kongfu, I like Bruce Lee,” Njumbe added.
Chinese songs are not the only area Njumbe is good at, he can also recite poems from上海千花坊品茶微信
China’s Tang Dynasty (618-907). He can also easily recite Di Zi Gui – The Rules for Students – from ancient China.
Njumbe is just one of the 38 players aged from 5 to 82 from six states in the U.S. Midwest to participate in the Chinese songs contest.
上海千花坊Emily Mcclintick, a seven-year-old girl, sang “Pear Trees Bloom Again” and another song at the competition and came out the sixth place.
“It is hard to learn Chinese,” she told Xinhua.上海千花坊品茶微信
This is the third year for Xilin Association to host the Chinese songs contest in U.S. Midwest for selecting singers for the final of the “Water Cube Cu
p” Chinese Songs Singing Competition, Linda Yang, executive director of Xilin Association, told Xinhua.
The association is a non-profit organization in the greater上海千花坊
Chicago area committed to providing an innovative educational system for children.
“After three years, the contest is enjoying growing popularity among people in U.S. Midwest.上海千花坊品茶微信
It has provided a platform for people overseas to sing Chinese songs, to have a better knowledge of Chinese cu
lture and language,” Yang said. She hoped that more people will take part in the contest next year.
The “Water Cube Cup” Chinese Songs Singing Competition is sponsored by the Overseas Chinese Affairs Office of the Be
ijing municipal government and some other departments of the Beijing municipal government.