ectors have been a “wild west” where Chinese firms did not hesitate to
copy each other or foreigners. But, as China has developed its own technology and moved u上海千花网品茶微信
p the value chain, protecting intellectual property rights has become a high priority for the government.
上海千花网At the China Development Forum in March, Vice-Premier Han Zheng emphasized: “We w
ill step up our efforts for IPR protection as well as law enforcement in various aspects, and establish a sy上海千花网
stem of punitive punishment for IPR infringement to significantly raise the cost of violating the law.”
上海千花网品茶微信And, President Xi announced that China will strengthen intellectual property rights protectio
n in his April speech to the second Belt and Road Forum for International Cooperation.上海千花网
Also, the removal of the requirement that foreign companies enter in
上海千花网to joint ventures should alleviate any fears about mandatory technology transfers.
Financial market reforms
Reform of the financial sector is moving especially rapidly. China will allow full foreign ownershi上海千花网
p of securities firms, futures businesses and life insurance companies by 2020, a year earlier than was s
上海千花网品茶微信cheduled, Premier Li Keqiang told the Summer Davos Forum. Foreign institutions will be offered treatment e
qual to that of domestic companies in credit references, credit ratings and payments, he said.
Li emphasized that this reform is part of a broader push to force domestic上海千花网
firms to upgrade as they face foreign competition. “Further opening to foreign investors, we are no
上海千花网品茶微信t just providing them with opportunities to enter the Chinese market. We are also providing opportu
nities for the financial sector to upgrade and to improve its quality on a level playing field,” Li said.
Measures to boost private sectorThe Chinese government has also recently announced mea上海千花网品茶微信
sures to improve the availability of credit for the private sector and reduce taxes on it.
In a discussion with foreign CEOs at the Summer Davos meeting, Li noted that small and medium-sized companies and private e上海千花网
nterprises provide over 80 percent of employment in urban areas and 60 percent of GDP.
For those who are concerned about China’s economic well-being, the first half-year fig
ures released by the National Bureau of Statistics on Monday may not be enough to relieve them of their worr上海419
ies, especially given the ongoing trade conflict with the United States and weakening global demand.
上海419After all, a 6.2 percent growth in the second quarter — although still within the gove
rnment’s target range of 6-6.5 percent for the year — was the weakest in nearly three decades.上海419
This, together with lukewarm trade readings released on Friday — exports fell 1.3 percent in June from a year earlier and imports dropped 7.3 percent — sugge
sts economic conditions are still severe and, with external uncertainties on the rise, the economy “is under new dow
上海419女神会所nward pressure”, as NBS spokesman Mao Shengyong said at a news conference.
But again, this is really a question of do you see the glass half empty or half full, given that
China remains one of the world’s fastest-growing major economies. While pessimists focus on the diffi
culties, optimists see the silver lining of the Chinese economy’s remarkable resilience given the headwinds it faces.上海419
For example, retail sales, a major gauge of consumption, surged 9.8 percent, much higher than the expected 8.5 percen
t and also the highest since March 2018. Many analysts attribute the progress to the central government’s ef
forts to boost domestic consumption — these range from massive tax cuts of nearly 2 trillion yuan ($291 billion) to the iss上海419女神会所
uance of 2.15 trillion yuan of special bonds by local governments for infrastructure construction.
上海419Other strong data, such as a 6.3-percent increase in industrial output an
d a 5.8-percent rise in January-June fixed asset investment, all indicate that the fund
amentals for steady growth remain unchanged and the government still has ample room for policy maneuvers.
Actually, once last month’s much-better-than-expected gains in retail上海419女神会所
sales, factory output and fixed-asset investment were announced, the market quickly cast its vot
上海419女神会所e of confidence in the Chinese economy. The benchmark Shanghai Composite Index ended 0.4 percent up on Monday a
fter casting off losses that had pushed it down as much as 1.5 percent in the morning ahead of the data release.
conomies, jumping from 22nd in 2017 to the 17th last year, according to the Global Innovation Index 2018, published by Cornell U
niversity, the World Intellectual Property Organization and INSEAD, a global business graduate school. 上海乌托邦品茶微信
Pan said these achievements are manifestations of China’s growing technol
上海乌托邦ogical capability, fueled by the desire to use innovations to push socioeconomic progress.
This, however, has led to some Western countries, such as the US, fearing that China’s scientific and te
chnological rise will challenge their global position. “This sentiment is understandable, but misguided,” he said.
“China is still a developing country, lacking a base and accumulation of innovation capability compared with the US, as w 上海乌托邦品茶微信
ell as drastically different national conditions,” Pan said. “This means we cannot follow the deve
上海乌托邦lopmental path that the West expects us to take, and we have to forge our own path one step at a time.
“But now the US is treating China like a developed country capable of challenging its global dominance, it is holding China to sta
ndards that we cannot meet for the time being, and it makes accusations against us if we don’t,” he said.
As of late May, the US Department of Commerce had placed more t 上海乌托邦品茶微信
han 140 entities from the Chinese mainland on its Entity List, a ledger of firms legally pro
上海乌托邦hibited to trade with the US, on the basis of an alleged threat to US national security and interests.
In June, five entities were added to the list: Chinese supercomputer manufacturers and institutions including Sug
on, Higon and the Wuxi Jiangnan Institute of Computing Technology, the chipmaker for China’s most powerful sup
ercomputer, Sunway TaihuLight, which also ranked as the third most powerful globally. 上海乌托邦
The United States also is targeting Chinese scholars and students b
y closing their labs or denying visas to visit the US over alleged spying dangers. In May, Emo
上海乌托邦品茶微信ry University in Atlanta fired neuroscientists Li Xiaojiang and his wife, Li Shihua, both US citizens who had worked
at Emory for more than two decades, accusing them of hiding funding and ties to institutions in China.
“These actions are antithetical to the US’ immigrant roots and inte 上海乌托邦
rests, and will impede global scientific exchange and progress,” Pan said.
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.
uld strengthen exchanges and cooperation, make more efforts to guide public opinio
n and promote the mutual understanding between the people of both sides, and make more contributions to consolidate the public basis of the two countries.上海419论坛女神会所
The chairwoman extended the sincere greetings and best wishes of Trong to Xi. She said that the Communist Party of Viet
上海419论坛nam, the government and the people always keep China’s precious support and help in mind.
Under the leadership of the Communist Party of China Central Committee with Xi at the core, Ch
ina will definitely achieve the important development goals set at the CPC’s 19th National Congress, she said.上海419论坛女神会所
Vietnam would like to implement the consensus of the two countries’ leaders, continue to support each other firmly in the
上海419论坛path of socialist development, develop traditional friendship, deepen mutual and beneficial cooperation, han
dle disputes effectively, and promote bilateral ties to achieve greater development, she added.
Planned deal worth around $2.2 billion seriously violates international law
China said on Friday it will place sanctions on US companies involved in the lates上海419论坛女神会所
t planned military sale to Taiwan, which it said has impaired its sovereignty and national security.
The planned sale worth an estimated $2.2 billion seriously violates international law and b上海419论坛
asic norms of international relations, as well as the one-China principle and the stipulations of the three Chi
na-US joint communiques, said Foreign Ministry spokesman Geng Shuang in a statement.
上海419论坛女神会所China made the sanctions decision in order to safeguard its national interests, Geng said.
In a news conference in Beijing, Geng again urged the United States to call off the sale and cut military ties with Taiwan.
The US announced its State Department has approved the sale, the largest since US President Donald Trump took office in Jan上海419论坛女神会所
uary 2017. The announcement came just days before the arrival of Taiwan leader Tsai Ing-wen to the US.
Tsai arrived in the US on Thursday, Reuters reported, and is spending four nights in th上海419论坛
e US－two on the first leg and two on the way back from a visit to four Caribbean countries.
State Councilor and Foreign Minister Wang Yi said China is “gravely concerned” by Tsa上海419论坛女神会所
i’s transiting the US, and is firmly against any form of official contact between the US and Taiwan.
“Taiwan independence” separatist activities are doomed to fail, and no foreign
intervention is allowed in the Taiwan question, which is purely China’s domestic affair, Wang said in a joint ne
ws conference in Budapest with Hungarian Foreign Minister Peter Szijjarto on Friday.
“No one and no force is able to obstruct the historical process of unifica
tion of the two sides across the Taiwan Straits,” Wang said, urging the US to honor its on
e-China promise and the stipulations of the three China-US joint communiques.
follow as guidance the strategic consensus reached by the
leaders of the two parties and the two countries, firmly support each other on the socialist path, carry
上海419品茶微信forward the traditional friendship, deepen mutually beneficial cooperation, and effectively manage differences, so as to pu
sh forward their bilateral comprehensive strategic partnership of cooperation.
Ngan paid a visit to China from Monday to Friday at the invitation of top Chinese legislator Li Zhanshu.上海419
China said on Friday that, in order to safeguard its national interests, it will impose san
上海419品茶微信ctions on United States companies taking part in a $2.2 billion sale of military equipment to Taiwan.
The US arms sale infringes on China’s sovereignty and national security, Foreign Ministry spokesman Geng Shuang said in an online statement.
Geng added that the sale also seriously violates international law and the basic norms of上海419品茶微信
international relations, as well as the one-China principle and three China-US joint communiques.
上海419hina’s foreign trade remained stable growth in the first half of this year by expand
ing 3.9 percent year-on-year, the General Administration of Customs (GAC) said Friday.
Total foreign trade volume reached 14.67 trillion yuan ($2.14 trillion) in H1. Export expanded 6.1 percent while import rose 1.4 percent, GAC data showed.上海419
China saw its trade surplus widen by 41.6 percent year-on-year to 1.23 trillion yuan during the same period.
上海419品茶微信China imported more major commodities in the first half of this year.
The country’s imports of crude oil climbed 8.8 percent year-on-year to 245 million tons during the period.
A total of 46.92 million tons of natural gas were imported during the period, up 11.6 perc
ent from one year earlier. Imports of coal increased 5.8 percent year-on-year to 154 million tons.上海419
上海419品茶微信However, iron ore imports during the Jan-June period declined 5.9 percent to 499 mil
lion tons. Soybean imports also went down 14.7 percent year-on-year to 38.27 million tons.
n among the 500 companies, the figure hitting 45.6 percent, and its revenue and profit are 77.2 billion yuan and 35.3 billion yuan.
This year, the ranking has 42 newcomers or re-listed companies. Xiaomi Corporation上海后花园
makes its debut with 174.92 billion yuan in revenue and 13.55 billion yuan in profits to take 53th spot.
上海后花园女神会所The citizen card of a missing girl taken away by two tenants in her home at Hangzhou was found along the Xiang
shan coastline in Ningbo by search and rescue staff on Wednesday night, Qianjiang Evening News reported.
Hundreds of people including Xiangshan police and civilian rescue teams have taken part in t
he search on the sea and nearby mountains. The search scope has been narrowed to 2 kilometers along the coastline.上海后花园女神会所
The 9-year-old girl, Zhang Zixin, had lived with her grandparents in Qingxi village in Chun’an county of East China’s Zhejiang
上海后花园province. The two tenants, surnamed Liang and Xie, took the girl away on the morning of July 4, saying th
ey would attend a wedding ceremony in Shanghai. On July 7, they didn’t return home as promised and lost contact with th
e family. On July 8, the couple committed suicide in Ningbo, a city in Zhejiang. The girl was nowhere to be found.上海后花园
As more details of the case were dug out by domestic media, people found it hard to understand the motive of the tenants.
They arrived in Qingxi village from South China’s Guangdong province in the middle of June and stayed in a 7 Days Inn for half a month.
上海后花园女神会所Starting from June 29, they rented a room at the girl’s grandparents’ house. They acted politely and
nicely, usually inviting the whole family to have dinner together and bought snacks and toys for the girl.上海后花园
Later, they said they would go to Shanghai to attend their friend’s w
edding and wanted to invite the girl to be the flower girl and tour the city with them.上海后花园女神会所
The girl’s father, who works in North China’s Tianjin, didn’t agree when the grandparent
s asked for his opinion. The girl and the two tenants persuaded the grandmother and got the nod.
from financially strapped families were subsidized for nearly 100 million times in 2018. Taking higher educa
tion as an example, subsidies were offered 43.88 million times last year, amounting to 115 billion yuan in total.上海乌托邦
Zhao Jianjun, deputy director of the finance department of the Ministry of Education, said that the State Council has approved prog
上海乌托邦品茶微信rams of scholarships in higher and secondary vocational education. The programs came into effect early this month.
The United States has launched a Section 301 investigation into the digital services tax of the上海乌托邦
Government of France, the Office of the US Trade Representative (USTR) announced on Wednesday.
China took the second spot in the world’s top 10 richest countries, with priv上海乌托邦品茶微信
ate wealth reaching $23.6 trillion in 2018, a 130 percent surge over the previous year, ac
cording to Global Wealth Migration Review 2019, published by the research company New World Wealth.上海乌托邦
The US remains the world’s wealthiest country, with private wealth valued at $60.7 trillion in 2018.
上海乌托邦品茶微信The report said the global private wealth jumped to $204 trillion in 2018, and the world’
s top 10 richest countries’ private wealth accounted for 74 percent of global private wealth.
Let’s take a look at the richest countries in the world.上海乌托邦
“The United States is very concerned that the digital services tax which is expected to pass the French Senate tomorrow un
fairly targets American companies,” USTR Robert Lighthizer said in a statement.
上海乌托邦品茶微信”The President has directed that we investigate the effects of this legislation and determine whether it is discr
iminatory or unreasonable and burdens or restricts United States commerce,” Lighthizer said.
According to the USTR’s Office, France’s proposed 3 percent tax woul上海乌托邦品茶微信
d hit global tech companies with total annual revenues from the covered digital se
rvices of at least 750 million euros (844 million US dollars) globally and 25 million euros in France.上海乌托邦品茶微信
“The structure of the proposed new tax as well as statements by officials suggest that France i
s unfairly targeting the tax at certain US-based technology companies,” the USTR’s Office claimed.
meras as the “eyes” and two 7 megapixel cameras as its “ears”. With sens
ors at the top of its head and mouth, the robot can also detect wind velocity, carbon dioxide le上海龙凤1314
vels, humidity, temperature and other data about the natural environment of the green house.
上海龙凤1314女神会所The farm robot has been successfully tested for compatibility with the 5G mobile communicatio
n technology, which allows the data to be analyzed by computers enabled by AI in the control room more efficiently.
“Currently, the robot can inspect farms automatically and collect dat上海龙凤1314
a samples used to power various applications. It can determine plants’ health condition and deci
de if pest control measures are warranted,” said Chen Li, deputy director of marketing at Newland.上海龙凤1314
Washington should face the matter of deficit squarely: former vice-premier
The “real” trade imbalance between the world’s two largest economies has long been overstated b
上海龙凤1314女神会所y 20 percent. Better data would give a more balanced picture of Sino-US trade and reflect the gains th
at both sides derive from their economic relationship, said former Chinese Vice-Premier Zeng Peiyan.
There has always been divergence between Chinese and US figures on the bilateral trade gap due to the different met
hods used. Current methods omit trade in services from the trade balance, overlooking China’s role in processing tr上海龙凤1314女神会所
ade, and thus overestimating the trade deficit, Zeng told a seminar in Hong Kong on Tuesday.
The two-day event, themed “US-China Trade and Economic Relatio
ns: What Now, What Next”, invited former government officials, industry re上海龙凤1314
presentatives and academics from home and abroad to share their insights on the year-old Sino-US trade friction, w
hich has become the single most important factor in the global economy and markets.
上海龙凤1314女神会所According to Chen, the robot is still a prototype and on the basis of that the two sides hope to step u
p investments to develop versatile robots that can even pick fruit with a bionic hand in the future.
“Based on the mass agricultural data and images we have acquired, we hope to build an optimized plant growth model to ach
ieve automatic control of the growth environment and early warning of pests and diseases,” Chen added.上海龙凤1314女神会所
China is now the world’s largest market for industrial robots. As labo
r costs continue rising, the demand for robots will be stronger in the nation, said Wang Tia
nmiao, president of the Smart Manufacturing Research Institute at Beihang University.
war is intensifying within the US. For example, the US Chamber of Commerce – one of the country’s most powerful bu
上海会所siness lobbies – has called for the reversal of all tariffs imposed over the past two years.
The effects of the trade war have already spread to cross-border investment
. In recent years, rising Chinese production costs have driven many foreign enterp上海会所女神会所
rises – and, increasingly, even Chinese enterprises – to relocate their operations to lower-cost countries such as
Vietnam and Thailand. The trade war is accelerating this process. According to the Vietnamese government, inward for
上海会所eign direct investment increased by nearly 70 percent year-on-year in the first five months of 2019, the highest such i
ncrease since 2015. Meanwhile, the growth of US investment in China is slowing.上海会所女神会所
Essential to improve investment environment
上海会所The US administration wants American companies to leave China. It is u
p to China to persuade them to stay. That means improving the local investment envi
ronment, including responding to foreign companies’ justifiable complaints – say, by strengthening intellectual p上海会所
roperty rights protection – and, more broadly, better adhering to World Trade Organization rules.
But the pressure on China does not end there. The US is also eager to exclude the count
上海会所女神会所ry’s high-tech companies from global value chains. Trump recently announced that he would allow US co
mpanies to continue to sell to Chinese high-tech giant Huawei, after a months-long campaign against the company. But it r
emains highly unlikely that the US administration – which reversed a similarly aggressive policy toward sm
artphone company ZTE last year – will abandon its efforts to strangle China’s high-tech industries.上海会所女神会所
China has three options. First, it could accede to US pressure to disengage from global value chains. Second, it could remain
committed to integration, hoping that, thanks to existing interconnections, sanctions on Chinese high-tech com上海会所
panies will also hurt their US counterparts (such as Qualcomm) enough for the US administration to back d
上海会所女神会所own. The third option is to focus on supporting domestic high-tech companies’ effo
rts to strengthen their own positions within global value chains and develop contingency plans.