Archive July 2019

High-tech spurs growt上海夜网condhand goods market

n the first half of 2019, a total of 6.86 million used cars

上海夜网were sold across China, up 3.9 percent year-on-year. Overall sales hit 43.4 billio

n yuan, according to the latest data from the China Automobile Dealers Association.上海夜网品茶微信

Luo Lei, deputy secretary-general of the China Automobile Dealers Association, said earlier that the booming market is tha

nks to the central government’s decision to remove limits on the flow of used vehicles across regions.

上海夜网Since last year, China has ramped up efforts to scrap limits on cross-region flow of used

cars, as part of the country’s broader push to make the automobile industry globally competitive.

“This will encourage consumers to switch cars more frequently and

help enterprises to adjust their plans and explore untapped demand,” Luo said.上海夜网品茶微信

China has about 240 million cars on the road, data from CADA showed, yet about 78 percent are from first-and second-tier cities.

“But demand for used vehicles chiefly comes from consumers in small cities, resulting in huge dema

上海夜网品茶微信nd-supply imbalances geographically,” according to data from Youxin, an online used car dealer.

To tap into the demand, major car dealers including Renrenche, Youxin and CA

RS are all gearing up to enter more cities and provinces to boost market share.上海夜网

Major ride-hailing firm Didi is also entering the mar

ket by buying used vehicles directly from Renrenche in a bid to lower costs.

上海夜网品茶微信”The transaction volume between the two sides is likely to exceed

2 million vehicles in three years,” said Renrenche in an earlier statement.

Major internet behemoths are also joining the fray.

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Cross-border investme 上海千花坊ave increased in a signi

nificant way, and Chinese and UAE companies are working in tandem to share technology, capital a

 上海千花坊品茶微信nd market access. Financial cooperation is also deepening, as demonstrated by the agreem

ent for China Everbright Group to set up its MENA financial and investment hub in the Abu Dhabi Global Market.

A bold vision was outlined, as President Xi Jinping and Sheikh Mohamed 上海千花坊

bin Zayed Al Nahyan sat down together and signed an agreement aligning common go

 上海千花坊品茶微信als. This document included commitments to development, growth, prosperity and stability. Among other asp

ects, there was also an agreement to adhere to the principles of mutual interest, equality and understanding.

Another series of milestones stemmed from the UAE-China Economic Fo 上海千花坊r

um, where 19 agreements and memorandums were signed by a broad range of sectors betwe

en numerous UAE and China businesses. This forum showed the level of sophistication achieved in the UAE-Chi

 上海千花坊品茶微信na relationship, as opportunities for joint action for investment were explored with a high-ranking ministerial de

legation and business leaders from the respective nations. Such achievements are the result of decades of hard work, sinc

e the first visit of the late Sheikh Zayed in 1990, as the first leader to China from the Arab region. 上海千花坊

There was a fitting send-off toward the end of the visit, as a celebration was held marking th

 上海千花坊品茶微信e 35th anniversary of the establishment of friendship and bilateral relations between the United Arab Emi

rates and the People’s Republic of China. A grand ceremony took place in Beijing, which was attended by His Highn

ess Sheikh Mohamed bin Zayed Al Nahyan, China’s Vice-President Wang Qishan, the staff of the diplomatic miss 上海千花坊

ion and many high-level dignitaries, ministers, businesses and investors. There were even

 上海千花坊品茶微信more agreements and memorandums achieved on the sidelines of this event, between a

number of Emirati and Chinese businesses, five more to cap off an extremely fruitful trip to China.

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For example, Sichuan上海后花园ince, in China’s inland so

southwest, increased its exports by 21.9 percent in the first half, largely selling to Europe and ASEAN countries.

上海后花园ang Wenlei shapes Olympus’ China strategy with focus on services, manufacturing

Yang Wenlei, CEO of the China unit of Japanese tech giant Olympus Corp, said the local market is of great s上海后花园

ignificance for the company. Olympus, she said, has great confidence in the growth potential of the Chinese market.

The company will press ahead with research and development activities and high-end manufa

上海后花园女神会所cturing in China’s medical field. It also aims to tap the huge local demand for medical equipment, inc

luding endoscopes, microscopes, and solutions for minimally invasive surgeries, she said.

“We will enhance our efforts in medical, imaging and scientific solution sectors in China this上海后花园

year,” Yang said. “The medical sector will be our main focus and we will pour more resources into the segment.”

上海后花园女神会所At present, Olympus is focusing on sales promotions in China. “In the future, we hope to build a compr

ehensive regional headquarters in China, covering R&D, manufacturing, services and training,” Yang said.

“We attach great importance to the medical sector in China. Compared with Europe, the United States, Japan and上海后花园

other developed countries, China has huge potential demand for medical equipment, given its aging population.”

I had expected to see some impact of the trade war on southeastern provinces where export manufa

上海后花园cturing is concentrated. But, Guangdong province grew by 6.6 percent and Zhejiang grew at 7.7 p

ercent year-on-year, both higher than the target rates, in the first quarter, according to the latest data available.

These export-oriented manufacturing provinces are transforming t上海后花园女神会所

oward higher tech manufacturing and are also increasing exports to developing co

untries. For example, Zhejiang’s exports to ASEAN countries surged 22.5 percent year-on-year.

上海后花园女神会所So, the strategy of using domestic reforms and international opening-up to in

crease domestic competition, moving to consumption and services, and emphas

izing higher tech, higher value-added manufacturing is working, according to the latest data.

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The government has set上海千花网f doubling GDP per

er capita from 2010 to 2020 and clearly will reach that goal.

上海千花网女神会所Nicholas Lardy, an often-cited Washington-based expert on the Chinese economy, argues i

n his recent book The State Strikes Back: The End of Economic Reform in China that China could have co

上海千花网ntinued to grow at 10 percent per year throughout this decade if not for policy mistakes.

His core argument is that Japan and South Korea continued high growth r

ates until they reached GDP per capita equal to 60 to 70 percent of the US, so why can’t China?上海千花网

With all due respect, I think this is a silly argument. The early growth in both Japan and South Korea was based on for

上海千花网eign demand for exports. In South Korea, these exports were manufactured largely by state-led companies.

China is a much larger economy. There is not enough potential import demand in the worl

d to continue as a main driver of the economy’s growth. It takes longer to grow organically from domestic demand.

上海千花网女神会所Japan saw very fast economic growth from the 1950s to the 1970s based on technological c

atch-up and on fast export growth to the US. The export industries of Japan – mostly cars and electronics –

are extremely competitive. But, much of the domestic economy is protected and inefficient.上海千花网

A series of trade disputes with the US in the 1970s and 1980s culminat

上海千花网女神会所ed in the Plaza Accords in 1985 that limited Japanese exports to the US and forced Jap

an to roughly double the value of the yen. So, export-led growth was no-longer an option.

Instead of opening-up and reforming its domestic economy, Japan first chose to use monetary stimulus in the late 1980s, which上海千花网

resulted in an immense real-estate bubble and led to the real-estate and stock market collapses in 1990 to 1992.

Through the 1990s and 2000s, Japan then tried to use very large infrastructure investm上海千花网女神会所

ents to stimulate the economy. This just resulted in negligible growth, ecological damage and a government-d

ebt-to-GDP ratio of more than 200 percent – by far the highest in the world. In contrast, China’s strategy of str

uctural reform, opening up, and increasing domestic competition will lead to more sustainable GDP growth.

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Sun said in a letter o 上海乌托邦 that he had the “profou

und respect and humility” to communicate with Caixin, and would like to have a “transpar

 上海乌托邦品茶微信ent, unreserved conversation” with Caixin to talk about the business of his company and industry development.

He also expressed his apologies to Sogou CEO Wang Xiaochuan, who Sun once derided as a “wa 上海乌托邦

ge earner” while calling himself an “entrepreneur” during an interview with the Chinese news website Jiemian.

 上海乌托邦Specifically, Sun said he will introduce his business and industry development to and cooperate with re

gulatory agencies, meet their requirements and maintain on-time responses and long-term communication. 上海乌托邦品茶微信

Wanda Sports is very confident in the outlook of China’s sports industry and believes the sports market in China could be a

 上海乌托邦most promising one across the world,” said Yang Hengming, chief executive officer (CEO) of the company.

As a sports-related unit of Chinese conglomerate Dalian Wanda Group, Wanda Sport 上海乌托邦

s Group Co started trading Friday with initial public offering (IPO) of some 23.8 million American deposit

 上海乌托邦品茶微信ory shares (ADSs) priced at eight U.S. dollars per ADS on the Nasdaq Global Market under the ticker symbol of “WSG.”

The three core businesses of Wanda Sports, namely the mass participation, spectator sports, and digital, production, sports so

lutions (DPSS), are competitive among the world’s leading players in the sports industry. “Over the past three yea 上海乌托邦

rs, Wanda Sports has made significant progress in terms of revenue, profit and cash flo

 上海乌托邦w. Our business in China develops notably well,” Yang told Xinhua Friday after its IPO ceremony.

“Wanda Sports is going to play a greater role in China’s sports m 上海乌托邦品茶微信

arket and is dedicated to advancing the market at large,” said Yang.

Yang believes that being listed on Nasdaq fits Wanda Spor

 上海乌托邦ts’s global presence well and will help increase its international visibility.

Wanda Sports has expanded the footprint of its business to Europe, North America

and Asia with some 60 overseas offices and more than 1,600 employees across the world. 上海乌托邦品茶微信

Considering the valuation of the company and current market conditions, W

anda Sports adjusted down the size of its offering to approximately 190.4 million dollars.

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Ben Hallock suffered上海夜生活es on the legs, he said.

The anti-disaster agency said the injured also included two Uzb

上海夜生活ekistan exchange students. None of the injured is in life-threatening condition.

Members of the New Zealand men’s and women’s water polo teams were also at the nightclub. The

men’s captain, Matt Small, described a chaotic scene and said that his team tried to help the injured.上海夜生活品茶微信

“(It was) business as usual and then it literally collapsed beneath our feet,” Small said, speaking to New Zealand Radio Sport by phone. “None of the boys are

上海夜生活hurt or injured though — so that’s good. But everyone’s a bit shaken up at the moment.”

“We did what we could but we couldn’t really do too much. Some of them were pretty dire cases,” he said. “We were more

so just concerned about everyone else, we were trying to do a number count and make sure all the boys were there.”上海夜生活

The local organizing committee for the world swimming championships said that eight of the athletes attending the event were injured, most slightly.

上海夜生活品茶微信
A committee statement said seven of them had already returned to the athletes’ village af

ter minor treatments at hospitals. It said one player had a leg lacerated and was to receive stitches at a hospital.

The organizing committee said it won’t disclose other personal information about the athletes at the request of their national teams.上海夜生活品茶微信

The Ministry of Education issued a guideline on Wednesday urging universities across the count

上海夜生活ry to have at least one brick-and-mortar campus b

ookstore that meets students’ needs and in accordance with the university’s own characteristics.

Those without a physical campus bookstore should set up one as soon as possible, the guideline said.上海夜生活品茶微信

The guideline comes as some physical campus bookstores are facing difficulties in operation, hit by ever-popular digital r

上海夜生活eading and online book purchases. It aims to better support the development of physical campus bookstores.

The guideline requires universities to integrate brick-and-mortar bookstores into the overall campus con

struction plan. Universities should offer support to the bookstores based on their actual situations, from providing an a上海夜生活品茶微信

ppropriate location, reducing and exempting venue rental and utility bills, to investing in equipment and facilities.

上海夜生活Campus bookstores should take advantage of the internet and

new technologies like artificial intelligence to expand online sales and delivery services v上海夜生活品茶微信

ia e-commerce platforms. They should also promote digitalization and intelligence upgrade, according to the guideline.

www.shangwuhua.cn

ad located in rocky te上海千花坊uquan Satellite Laun

Executives at the private companies are aware that becoming the first to laun

上海千花坊ch a carrier rocket into orbit would win not only plaudits but also lucrative contracts.

Two previous attempts at orbital launches by LandSpace and One-Space failed.

Yao Bowen, spokesman for i-Space, said Thursday’s launch indicated that his com上海千花坊女神会所

pany was now ready to become involved in the commercial launch business.

上海千花坊He said i-Space will carry out five SQX-1 launches for clients before the end of 20

20, adding the company’s second type of carrier rocket — the SQX-2 reusable liquid-pro

pellant rocket — is under development and scheduled to make its maiden launch in 2021.上海千花坊

By the end of last year, 123 private enterprises on the Chinese mainland had registered in the spac

上海千花坊女神会所e industry, with 14 of them focused on rocket development and production, according to a market report p

ublished recently by FutureAerospace, a space industry consultancy in Beijing.

The State Council decided on July 24 to further ease the fee burden of firms in a bid to energize market entities.

More efforts will be made to eliminate illegal fee charging to ensure the effectiveness of policies cutting taxes and fees, accor上海千花坊

ding to a statement released after a State Council executive meeting chaired by Premier Li Keqiang.

上海千花坊女神会所The meeting decided to further strengthen the resp

onsibilities of government at all levels, especially local governments, and

has made it clear that it will conduct a comprehensive investigation into illegal fee charging.

It is strictly prohibited that government departments transfer the expenses they should bear to ent上海千花坊女神会所

erprises, and industry associations and public institutions shall not use their administrative p

上海千花坊ower to charge fees illegally, according to a statement released after the meeting.

All the fees on market entities, with no exceptions, must be m

ade public, transparent and subject to supervision, the statement said.上海千花坊女神会所

Efforts in regulating fees on companies must be integrated with the reform

s to streamline administration, delegate powers, and improve regulation and services.

www.shlfwab.com

spokesman of the Stat上海会所cil Information Office sho

on-compulsory education for persons with disabilities has also made steady progress. In 2018, China had 133 sec

上海会所ondary vocational schools or classes with an enrollment of 19,475 students with disabilities.

From 2012 to 2018, a total of 62,200 students with disabilities were enrolled in regular institutions of higher education.上海会所品茶微信

“It’s a good start, and we believe we will be able to send more children with disabilities to schools and even colleges,” Zhang said.

上海会所The white paper noted that the development of the programs of persons with disabilities are still unbalanced and inadeq

uate, and there is still a big gap between the lives these people lead and lives to which they aspire.上海会所品茶微信

“China will continue to improve the mechanisms for ensuring their rights and interests — elimin

上海会所ating discrimination, fully respecting and guaranteeing their human rights, improving their wellbeing,

enhancing their ability to improve their situation, and ensuring that they are able to par上海会所

By April 2018, more than 80 laws and 50 administrative regulations had been passed con

上海会所品茶微信cerning the protection of the rights and interests of persons with disabilities, according to the document.

The programs of persons with disabilities have received increasing financial support in the past decades, said the white paper.

Disabled persons’ federations across the nation spent 57.36 billion yuan (8.35 billion U.S. dollars) o上海会所品茶微信

n their programs during the 11th Five-year Plan period (2006-2010), and the figure grew to 145

.12 billion yuan during the 12th Five-year Plan period (2011-2015), an increase of 153 percent.

上海会所The investment was 41.67 billion yuan in 2016, the first year of the 13th Five-year Plan period (2016-2020), an i

ncrease of 24.15 billion, or 138 percent, compared with the first year (2011) during the 12th Five-year Plan period.

From 2013 to 2017, the fiscal allocations from all levels of the government for persons上海会所品茶微信

with disabilities added up to over 180 billion yuan, up 123 percent over the prior five years.

The CDPF, as a legitimate organization approved by the State Council, represents and safeguards the legitimate rights and inte

上海会所rests of persons with disabilities. By 2018, a total of 42,000 disabled persons’ federations had been set up across the nation.

Led by the CDPF, there are associations for persons with specific disabiliti

上海会所品茶微信es, such as visual, hearing and physical disabilities. By 2018, a total of 16,000 bra

nches of these associations at provincial, prefectural (municipal) and county levels were in place.

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It goes without saying t上海龙凤419 of both signatori

ies from the treaty makes the future of other such nuclear agreements uncertain. To begin with, the stability of the wo

上海龙凤419品茶微信rld order and international security could be undermined. The ruse to scrap the INF Treaty is the US’ latest one

in a series moves to nullify many international agreements and organizations since the incumbent US disp

ensation assumed office in January 2017. The US’ unilateral withdrawal from a number of multilateral agreements and mechanism上海龙凤419

s, most of which were created due to its own efforts, has put the world order based on rules under extreme pressure.

上海龙凤419品茶微信Besides, the conflict between the US and Russia is preventing them from improving bilateral relations. The actions of the US a

nd Russia have further worsened their relations following their face-off over the Ukraine crisis and the S

yrian civil war, and led to multiple large-scale military exercises by both sides in th上海龙凤419

e Baltic Sea and the Black Sea in an apparent show of strength. Their withdrawal from the INF Treaty means their ta

ctical conflict has deteriorated into a strategic conflict, which has further jeopardized bilateral relations.

上海龙凤419品茶微信Worse, the two countries’ moves could abort the international disarmam

ent process, because with the annulment of the INF Treaty, the US and Russia could dev上海龙凤419

elop new intermediate-and short-range missiles without constraints, which in turn could trigger a new global arms race.

Also, the US’ withdrawal from the INF Treaty could set off a chain reaction, as it is almost certain that Washington will now

上海龙凤419品茶微信deploy intermediate-range missiles in Europe and the Asia-Pacific region, heightening regional tensions and fuel

ling an arms race and geopolitical competition among major powers. The new arms race, which could prompt major

powers to build new types of smart weapons, would pose a severe threat to international peace and security.上海龙凤419

What is especially surprising is that some Western observers want to drag China into the discu

ssions on certain international issues regardless of whether it is a party to such issues. Re上海龙凤419品茶微信

garding the INF Treaty, which has played an important role in improving international

relations, promoting nuclear disarmament, even safeguarding global strategic balance and stability, and therefore re

上海龙凤419品茶微信mains very much relevant and significant even today, China has made clear that it is opposed to not only the US’ u

nilateral withdrawal from the treaty but also the West’s efforts to make it part of a new nuclear treaty.

www.cn-yongan.com

Besides, Japanese Pri 上海后花园Shinzo Abe wants to

o portray himself as a strong leader who brooks no nonsense so his ruling Liberal Democratic Pa

rty, along with its coalition partner Komeito, can win two-thirds of the seats in the upper house election on S 上海后花园女神会所

unday. To some extent, Japan also intends to show the United States that it will respond aggressively to any moves it con

 上海后花园女神会所siders harmful to the country, so that the US stops coercing Japan to compromise its economic interests.

Yet in so doing Tokyo has adopted the US’ unilateral strategy of using economic sanctions to resolve non-economic issues. This will harm the RO 上海后花园

K as Japan expects, but it will also deal a blow to the regional economy and stability by hindering the progress of the China-Ja

 上海后花园pan-ROK free trade agreement, especially because Seoul is mulling taking countermeasures against Tokyo, which cou

ld worsen the situation, and the US is not expected to sincerely mediate between its two allies. 上海后花园

The trade spat between the two neighbors has its roots in a series of events including the 2018 radar lock-on dispute, the closi

 上海后花园女神会所ng of Japan-funded “comfort women” foundation and the controversy over some ROK officials demanding the Ja

panese emperor’s apology for Japan’s war crimes. And the Abe administration’s displeasure with Seoul’s policies under Presid 上海后花园女神会所

ent Moon Jae-in, as reflected in Moon’s engagement with the Democratic People’s Republic of Korea, has boiled over.

But Tokyo’s move to wield the high-tech stick could draw the two countries into a vicious circle of attack and retaliation, in part 上海后花园

icular, because Seoul could respond in kind to what Moon said was an unprecedented emergency. In fact, anti-

 上海后花园女神会所Japan sentiments are raging through the ROK with some shops ceasing to sell Japanese products.

The latest Tokyo-Seoul conflict has not only created new problems for b

ilateral ties but also threatens to weaken the economic and political fabric of East A 上海后花园

sia, which would be detrimental to the further integration of the regional economies, and make it more difficult for the

world to maintain economic stability and prosperity in the face of increasing trade disputes. 上海后花园女神会所

The deteriorating relations between Tokyo and Seoul have caused much worry amon

g US elites, too, because the US’ alliance with the two countries has helped Washington to consolidate its str 上海后花园

ategic foothold in the Asia-Pacific region while Japan’s actions against the ROK could push the latter closer to China on

economic and strategic issues. But despite the souring of relations, Japan and the ROK are not likely to engage in a se 上海后花园女神会所

curity conflict, because the ROK remains highly dependent on the US when it comes to security.

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