Skip to content
rce of soybeans and cotton, and soon the US will also be substituted by other cou
ntries as the main supplier of chicken and wheat to China, if the trade row continues.上海千花网女神会所
Japan now has free trade agreements with the European Union and some trans-Paci
上海千花网fic countries, such as Australia and Canada, and the US has lost its advantage in its trade with Japan, not o
nly in soybeans and wheat－last year, US exports of pork to Japan declined by 35 percent.上海千花网
Coercing Japan to buy US agricultural products will not be sustainable, and ther
e is still a long way to go for the US administration to ease the anxiety of its farmers.
上海千花网女神会所Police in Fuzhou, the capital of Southeastern China’s Fujian province, said on Su
nday they had seized a handgun found in a FedEx parcel and launched an investigation into the case.
The parcel, carried by the United States express delivery service pro
vider, was shipped to a sporting goods company in Fujian from an American client, accor上海千花网
ding to a statement released by the public security bureau of the city’s Jin’an district on its Sina Weibo account.
The handgun was discovered in the package and seized by polic
上海千花网女神会所e, the statement said without releasing further details of the contents of the parcel.
It is not the first time that FedEx, which launched its business in China more than thre
e decades ago, has prompted official probes into alleged violations of Chinese postal regulations recently.上海千花网
In early June, FedEx was placed under investigation after Huawei, one of China’s largest telecommunications ma
上海千花网女神会所nufacturers, said it had diverted two parcels sent from Japan and addressed to Huawei in China to the US.
Initial results from the probe, released in late July, refuted Fed-Ex’s claim that the rerouting was an “operational error”. The com
pany was also suspected of holding back over 100 packages that Huawei had intended to deliver to China.
The Xiangzhou district government of Zhuhai special economic zone in S
上海千花网outh China’s Guangdong province published a special notice recently, requiring all gove
rnment departments, organizations and units in the district to establish no more than one WeChat working group.上海千花网
Furthermore, “no work assignments and work related content are allowed to be pub
上海千花网lished or forwarded on the WeChat working group after work,” the notice said.
“The move aims to help reduce the daily work burden on grassroots level officials and employees,” it said.上海千花网女神会所
Xiangzhou district has taken the lead in Guangdong, the window of China’s reform a
nd opening-up, to have issued such a notice that requires “one unit, one WeChat group” in its district.
上海千花网The move has drawn much attention from the pu
blic, and the district has quickly hit the media spotlight at home and abroad.
Chen Hongqiang, a local grassroots official, said he is in favor of the notice.上海千花网
“One WeChat group in one unit, and no work assignments and related content are allowed to be published in the
WeChat group after work – that is good news for the mass grassroots officials,” he said.上海千花网女神会所
“That would certainly help reduce the burden of the grassroots officials who have to frequently work overtime,” he said.
上海千花网Chen said he was really frustrated in previous years when he was sometimes called back to his unit to work overtime or d
uring weekends.Xiangzhou is not alone. The General Office of the Communist Party of China Central C上海千花网女神会所
ommittee released a circular in March, requiring more effort be made to solve problems
arising from too much formality in order to reduce the burdens on grassroots-level officials.
anuary 2017, he pledged GDP growth at 4 percent. More recently, he projected
上海千花网女神会所US growth at 3 percent. Yet analysts estimate US growth this year at 2.5 percent or less. Quali
tative assessments suggest deterioration, as the growth of domestic demand is slumping.
Worse, US GDP growth forecasts for 2020 indicate softening to 1.8 per上海千花网
cent, possibly a (near-recession) slowdown－especially if trade and tech wars still
escalate. In the absence of negative surprises, China’s GDP growth is lik
上海千花网ely to stay within the target of 6.2 percent in 2019 and possibly in 2020 as well, with
supportive fiscal and monetary conditions. US tariff wars are likely to penalize the Chinese economy by less
上海千花网女神会所than 0.5 percent of GDP, which could be offset by just a modest depreciation of the renminbi.
If recent policy mistakes in the White House prevail, slower growth in i
nvestment spending, rising concern for continued trade wars and destabilizing geopolitics are likely to foster downside上海千花网
risks in global economic prospects, as risks for further downgrades morph into actual realities.
The author is the founder of Difference Group and has served at India, China and
上海千花网女神会所America Institute (US), Shanghai Institutes for International Studies (China) a
nd the EU Centre (Singapore). The views of the article do not necessarily represent those of China Daily.
Key indexes decline as US threat to impose tariffs rattles global investors上海千花网
China’s A-share market, together with other Asian peers, tumbled on Friday, after the
unexpected tariff threat from the United States overnight rattled investors globally.
上海千花网女神会所The benchmark Shanghai Composite Index fell by 1.41 percent to close at 2867.84 poi
nts, while the smaller Shenzhen Component Index ended 1.42 percent lower at 9136.46 points.
More than 3,000 shares, or 85 percent of the shares listed on mainland bourses in total, registered losses on上海千花网
Friday, with brokerages, energy equipment manufacturers and the shipping sector leading the fall.
上海千花网女神会所Low investor sentiment was witnessed in other Asian bourses on Friday, with Hong Kong’s Hang Seng, Japan’s Nikkei a
nd South Korea’s Kospi losing 2.35 percent, 2.11 percent and 0.95 percent, respectively.
continue weighing on industrial profits, but the tax and fee cuts starting from April will offset part of the negative effects, Wang said.
上海千花网女神会所Monetary policy may lend further support by cutting the reserve requirement ratio of financial i
nstitutions and directing more credit resources into small－and medium-sized enterprises, according to Wang.
上海千花网Besides facilitating the financing of small businesses, policies to boost infrastructure investment, which will in t
urn spur demand for industrial products, are also expected to be rolled out, said Zhang Wenhui, a researcher
上海千花网with the Industrial Economy Institute at the China Center for Information Industry Development.
“In addition, more provincial and municipal governments are expe
cted to set out plans to improve industrial profits,” Zhang said, citing that local gov上海千花网女神会所
ernments had stepped up efforts to improve business environment and clear arrears owed to SMEs in the first half.
上海千花网As policy support takes effect and eases the burden of costs and expenses faced by industrial fir
ms, growth in industrial production and profit may stabilize in the second half, Zhang said.
New animated film based on a mythological figure smashes box-office records, Xu Fan reports.上海千花网
Smashing box-office records in animation, the film Ne Zha has proved to be a dark horse, tipp
上海千花网ed to lift up the Chinese film industry, which has experienced a slowdown in the past five months.
The film, which topped the mainland’s ticket-revenue charts for four consecutive days, has grossed more than 800 mill上海千花网女神会所
ion yuan ($116 million) since it hit domestic theaters on Friday, according to live box-office tracker Maoyan.
上海千花网女神会所Ne Zha‘s takings totaled over 100 million yuan in the first day itself, surpassing the threshold figure faster than any other Chinese animated film.
The film has also broken two other box-office records.
ce biogas, but when it started in 2017, about 30 to 40 percent of the waste it received con
上海千花网tained other waste such as plastic bottles, construction trash and paper, which nee
ded to be removed first to avoid lower efficiency during the anaerobic procedure.上海千花网品茶微信
The purity of the kitchen waste rose significantly in 2018 when S
hanghai announced an action plan for trash sorting, and now after the implemen
上海千花网tation of the regulation, 99 percent of the waste it receives meets the minimum quality level, said Hua.
The expansion of Liming Resources is just one exa
mple of the acceleration of the capacity building taking place in Shanghai.上海千花网
A biological kitchen waste treatment center is due t
o open by the end of July on Chongming Island, Shanghai, that will use kit
上海千花网chen waste to feed fly maggots, which on maturity can be used as animal feed and their droppings as fertilizer.
The center is operated by Shanghai Yuanshi Environment and will work as a biotechnology demonstration area.上海千花网品茶微信
“If our technology meets market requirements, we hope it can be applied in other distr
icts in Shanghai,” said Na Chenning, co-founder of Shanghai Yuanshi Environment, adding that the profit
上海千花网品茶微信from processing 1 ton of kitchen waste through this technology is about 700 to 800 yuan.
Apart from waste treatment, many startups are eyeing opportunities in other parts of the long value chain.
Yang Fei, a lecturer of economics at Zhejiang University of Science and Techn上海千花网
ology, said the compulsory trash sorting will make once valueless trash profitable.
上海千花网品茶微信According to the National Bureau of Statistics, China pro
duced 215 million tons of domestic waste in 2017, up nearly 60 percent from 2001.
The State Council plans to reach a recycling rate of at least 35 percent of domestic waste in the 46 major cities by 2020.
From market structure reforms to the introduction of t
his new listing venue — the progress demonstrates the growing ambition of the em上海千花网
erging technology companies and exciting opportunities for the investment community,” he wrote.
上海千花网Wang Jiyue, independent investment banking analyst, said tha
t the STAR Market will become a testing field for the registration-based initial
public offering system, which will help to improve the basi上海千花网品茶微信c structure of China’s capital market.
The regulatory commission said that the STAR Market should be a magnet for companies specializing in cutting-edge inf
上海千花网ormation technology, high-end equipment, new materials, new energy, energy saving and environmental p
rotection, and biomedicine, based on the industries of the first listed companies.
Huang Hongyuan, chairman of the Shanghai exchange, said the new board will bridg上海千花网品茶微信
e technology and capital, strongly advancing the country’s innovation-driven development.
上海千花网A new show by French photographer Bruno Barbey plots four decades of developme
nt in China, uniquely etched in time thanks to the deep hues of Kodachrome film, Lin Qi reports.
How surprising would it be to discover that a snapshot of a precious childhood memo上海千花网
ry had been preserved for nearly four decades by a stranger on the other side of the world?
上海千花网品茶微信A year ago, Li Zhao, a woman from Shanghai who is based in New Y
ork and Miami in the United States, spotted herself in a photo taken by French ph
otographer Bruno Barbey in 1980. The photo shows a class of young students diligently practicing the accordion at the Sha上海千花网
nghai Children’s Center, and Li instantly recognized the girl in the upper left corner as herself.
上海千花网品茶微信Barbey recalls how Li sent him the photo in an email, asking if she could have a print of it.
“I replied yes, on the condition that she would send me a recent photo of herself.”
So Li did just that, and emailed back a photo of herself attending a party in Palm Beach in 2016.
their cars have a 155-kilometer range deficit compared to the lower-tier 2020 versions at a price that’
s 30,000 yuan higher. Other buyers worry about the depreciation risks in these rapid updates.上海千花网
However, He Xiaopeng, chairman of Xpeng, said in a microblog cite
上海千花网品茶微信d by International Financial News these demands are unfair to the company. When
consumers compare the bare prices of the two types, He claimed, 2019 model buyers got lots of subsidies.上海千花网
An insider from Xpeng Motors told the newspaper the company started to promote a favorable poli
上海千花网cy by the end of May giving a total of 20,000 yuan to each consumer, and earlier buyers of 2019 G3 mode
ls affected by the government’s subsidy-cutting scheme have also been covered by the policy.
上海千花网品茶微信Therefore, the actual price paid by 2019 G3 buyers is comparatively lower than the 2020 G3 prices, the source added.
Xpeng Motors is not an exceptional case amid fast growth in the electric ve
hicle industry. In March, Tesla’s decision to adjust prices down also roused early bu上海千花网
yers’ anger, asking the company to subsidize the price difference or cooperate with them to return their cars.
But a lawyer interviewed by International Financial News said no legal ground exists to support these buyers’ requests.
上海千花网品茶微信Sun Shaojun, a motoring analyst, said Xpeng’s case represents a new
normal for the sector, as the electric vehicle industry sees exponentially faster development.
What makes Pablo Picasso such a quintessential 20th-century artist? It’s partly down to the visual ground he broke w上海千花网品茶微信
ith his Cubist painting, but some also has to do with the fact his interests extended far beyond painting.
Picasso’s innovations in perspective and technique dazzled the art wo上海千花网
rld for decades, paving the way for many of the important artistic movements of the last century.
As art historians and critics emphasize the visual ground he broke with his Cubist painting, Picasso’s poetry and oth上海千花网品茶微信
er written works are often overlooked in discussions of his long and varied career.
The artist did not begin to write until the age of 53. His literary endeavors上海千花网
resulted in hundreds of poems with a unique fusion of words and visual imagery.
China will maintain a prudent monetary policy in the year’s second half, with potential policy adjustments depending mainly on
the domestic economic situation and price levels, a senior central bank official said on Friday.上海千花网女神会所
Having noticed the recent monetary easing in some foreign central banks and the United States Fe
上海千花网女神会所deral Reserve’s strong message that it will make a cut later in the policy rate, the Chinese centra
l bank has decided not to change its monetary policy stance, while continually reducing the actual financing costs o
f enterprises, said Sun Guofeng, head of the monetary policy department of the People’s Bank of China, the central bank.上海千花网
“In the second half, we will maintain the liquidity at a reasonably ample level through leveraging
diversified tools and strengthening macroeconomic policy coordination,” said Sun, adding that mo
derate money supply growth can support the country’s high-quality economic growth.上海千花网
Sun made the remark after the central bank released major financial da
ta on Friday. The broad money supply, or M2, increased by 8.5 percent by the end of June
上海千花网女神会所from a year earlier. The growth rate had remained unchanged for three consecutive months starting in April.
Chinese banks issued yuan-denominated loans of 9.67 trillion yuan ($1.41 trillion) in the first six month
s, and 1.66 trillion yuan was newly extended in June, up from 1.18 trillion yuan in May, the PBOC said.上海千花网
Total social financing, a broad measure of credit and liquidity in the economy, increased by 13.23 trillion yuan in the firs
上海千花网女神会所t half, compared with an increase of 10.05 trillion yuan in the same period last year, officials said.
“Rapid growth of total social financing proved that the financial se
ctor is enhancing support for the real economy,” said Ruan Jianhong, head of the central ba上海千花网
nk’s Statistics and Analysis Department, at a Friday news conference.
上海千花网女神会所The RMB, compared with some other major currencies, has performe
d well in the first half, and its current exchange rate is basically in line with the economic fou
ndation, as the International Monetary Fund determined recently, according to Sun.上海千花网女神会所
“In the future, the market will play a decisive role in determining the RMB exchange rate, and we will take macro-pruden
t measures when it is necessary to maintain the exchange rate at a stable and reasonable equilibrium,” Sun added.
To bring an end to the protests sparked by the proposed amendments to the special administrative region’s extradit
ion law, Hong Kong’s Chief Executive Carrie Lam Cheng Yuet-ngor announced on Tuesday her ad上海千花网
ministration’s decision not to restart the suspended legislative process for the amendments, saying the “bill is dead”.
上海千花网女神会所The demonstrations, some of them violent, have threatened the health of the city’s economy and thus the well-being of its resi
dents, and Lam also unveiled a raft of practical initiatives aimed at strengthening communication between th
e SAR government and the public, with the ultimate objective of improving governance in the SAR.上海千花网女神会所
It might be demanding too much of those leading the protests to have the kind of vision and political courage exhibited by the chief exec
上海千花网utive in her willingness to make compromises in policymaking in the face of public opposition. But they sh
ould have the wisdom to realize that persistent political conflict and unrest do not bode well for the city and residents, es
pecially at a time when the local economy is still licking its wounds from the ongoing Sino-US trade row.上海千花网女神会所
Hong Kong’s economy has slowed significantly over recent months, with the yea
上海千花网r-on-year GDP growth having eased to 0.6 percent in the first quarter of this year — the
slowest expansion in a decade — as both foreign trade and domestic consumption have been hard hit by the tra
de conflict between the Chinese mainland and the United States, the city’s two largest trading partners. Any es上海千花网女神会所
calation of the social conflict witnessed recently will only further harm Hong Kong’s economy and people’s livelihoods.
上海千花网Yet, the organizers of some of the mass rallies have said they will announce
more protests in the coming days until the bill is officially withdrawn from the legi
slative agenda. But more social unrest will only hinder efforts to tackle the fundamental problems that have a ta上海千花网
ngible effect on the lives of Hong Kong residents, particularly the younger generation — such as the severe housing s上海千花网女神会所
hortage, lack of social upward mobility and the widening wealth gap, which have fueled the social discontent.
e small and medium-sized enterprises, many of which are family businesses and contribute the greater part of the country’s GDP.
“上海千花网Poland is known worldwide for the q
uality of its food, such as apples and milk, which are already available on the Chinese m
arket. We believe that Chinese consumers will be more open for new tastes of Polish food in the near future,” Skoczek said.
He said the CISMEF is an international event which features the highest level, largest scale and most wid
e-ranging influence in the Asia-Pacific region and specially serves SMEs. Over the past 13 years, 16 countries and international organizations in Asia, Europe, Oceania, America (North上海千花网
America and South America) and Africa have been invited to host the exhibition, with its international influence growing year by year.
The 14th CISMEF will feature South Africa and the United Nations Industrial Development Organization (UNI
DO). With an exhibition area of more than 1,000 square meters, South Africa will appear with more than 70 characteristic enterpris上海千花网女神会所
es in industries such as agriculture, and services, to promote and present distinctive local products, industrial investment environment and cultural customs. UNIDO will set up
a special promotion area in the International Hall to popularize the knowledge of industry, and provide technical support and projects needed by SMEs.上海千花网
Currently, 31 countries, regions and organizations have confirmed their participation and booked 1,028 booths, including South Africa,
UNIDO, Egypt (first time), Malaysia, Thailand, Cambodia, Myanmar, Greece, the UAE, the United Nations Office for South-South Cooperation, Japan, Poland, Sri Lanka, Russia, Sou
th Korea, Vietnam, Bulgaria, Iran, Nigeria, Germany, Indonesia, the USA, Spain, Australia, Qatar, Brazil, New Zealand, Israel, Taiwan, Hong Kong and Macao.
上海千花网女神会所Responding to the national strategy of opening up, the fair will host several international pavilions featuring the Belt and R
oad; China-Africa Cooperation Mechanism and the Guangdong-Hong Kong-Macao Greater Bay Area; Africa pavilion; Central and Eastern Euro
pe pavilion; Middle East pavilion and Hong Kong; and the Macao & Taiwan pavilion will be set up to present distinctive products and 上海千花网女神会所quality services.
A wide range of practical events, such as the second Asia-Europe SME Financing Seminar, SME Cross-border M
atchmaking Seminar and Business Promotion of Overseas Exhibition Groups and Purchase Presentation, will be held conc
urrently to build a capital, technology and intelligence networking platform for Chinese and foreign SMEs.
With 6,000 standard booths and an exhibition area of 150,000 square meters, the 14th CISMEF is hosted by the Ministry of Industry and Info
rmation Technology of the People's Republic of China, the State Administration for Industry & Commerce, the People
's Government of Guangdong Province, the Department of Small Business Development of South Africa and UNIDO.