Category Archive 上海千花网

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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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In January P Global 上海千花网tings, a companyet for

wholly-owned by the leading global ratings firm, was granted access into China’s interba

上海千花网nk bond market for all forms of credit rating businesses, covering financial institution bonds, non-fin

ancial corporate debt financing instruments, structured products and offshore bonds.上海千花网女神会所

According to the PBOC, introducing international credit rating agencies to conduct ratings in China is conducive to meeti

上海千花网ng the diverse needs of international investors and improving the quality of China’s rating industry.

The PBOC said it would, together with the country‘s securities regulato

r, promote wider opening-up in the ratings sector by allowing more qualified foreign-funded ra

ting agencies to develop businesses in China’s inter-bank and exchange bond market.上海千花网

上海千花网女神会所Giving the green light to foreign-funded institutions to obtain type-A major underwritin

g licenses in the inter-bank bond market was also among the new opening-up measures.

In recent years, China’s bond market has seen significant growth in both the number of foreign issuers and the amou

nt of foreign investment, while the number of foreign intermediaries has continued to grow.上海千花网

As of now, a total of six foreign-funded banks have obtained type-B qualifications for major

上海千花网女神会所underwriting and underwriting business of non-financial enterprise debt financing instruments.

The permission for type-A major underwriting business will help enri上海千花网

ch the means for foreign institutions to serve China’s real economy, while intro

ducing more overseas investment demand for domestic enterprises’ bond financing, a PBOC official said.

China will facilitate foreign institutional investors in investing in the inter-bank bond m上海千花网女神会所

arket, which was included in the new measures to optimize the opening-up of the financial sector.

“In order to achieve this, it is necessary to integrate policies and requirements regardin

上海千花网g different open channels and link up accounts of bond and capital,” said the official.

By satisfying the differentiated needs of investors, the measure will improve the convenience for foreign investors to invest in the上海千花网女神会所

market, which reflects the high-level opening-up required for the financial market, the official added.

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More than 18,500 vaccinations have been provided, and

 more than 4,300 clients completed the standard series of three vaccinations within six months.

上海千花网品茶微信The Boao pilot zone is the first place

on the Chinese mainland allowed to import HPV 9-valent vaccine

s and other drugs without needing central g

overnment permission, in line with the nine prefe

rential policies granted by the State in 2013 – in this case, speci上海千花网

al permission to import medical technology, medical equipment and medicine.

The provincial health and drug administrations will also s

end more supervisors to the pilot zone to provide guidance and coordination and strengt上海千花网品茶微信

hen supervision of medical institutions, the statement said.he rates o

f incidence for dozens of vaccine-preventable diseases last year dropped to a re

cord low in China, thanks to the national imm

unization program, the Chinese Center for Disease Control and Prevention said.

上海千花网品茶微信According to the center, the program has expanded from three vaccines against six diseases when it was introduced in 1978 to 14 vaccines against 15 contagious ones now.

Since the early 21st century, vaccination rates for newborns and children in China have remained steady at more than 90 percent.

Gauden Galea, the World Health Organization representative in China, recognized the country’s achi

evements in preventing more than 4 million deaths through its extensive immunization program over the past 40 years.上海千花网

During an event last week to mark the annual National Child Vaccination Awareness Day, which falls on April 25 each ye

ar, he said that more than 300 million cases of infectious diseases, including polio, diphtheria and measles, had been avoided in China.

Restoring public confidence in vaccines and maintaining a high vaccination rate have emerged as global health issues recently, as an increasing number of count上海千花网品茶微信

ries, including the United States, Italy and the Philippines, have observed increasing or even record-breaking surges of measles in the past two years.

The WHO blamed vaccine hesitancy, meaning reluctance or refusal to take vaccinations on u

nfounded doubts about their safety and effectiveness, and listed that as one of the major threats to public health this year.

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There are about 400 MAX jets in service worldwide, inc

cluding about 97 in China. Wall Street analysts expect Boeing to spend about $1 billion to upda

te and install new software worldwide to prevent the MCAS system from repeatedly pointing the nose of the plane dow

n and to prevent the system from being activated by only one of two exterior sensors.

In the interview with the news website Axios, Muilenburg re

fused to say the MCAS system was a “red flag” during the MAX’s six

-year development and certification process. He said there were a “number of factors” involved in the fatal crashes.

Earlier this month, Muilenburg said he expected some MAX jets to return to commercia

l service by the end of the summer, but it could be months before the worldwide fleet returns to the air. Boeing said it has completed the software update for the MCAS syst

em and has tested it on 207 flights totaling 360 hours. The US Federal Aviation Administration has not said when its review of the updated software will be completed.

The US House of Representatives on Thursday passed the Senate’s version of the emergency border funding bill after House Speak

er Nancy Pelosi reversed course amid pressure from moderate Democrats to tackle the migrant surge along the US-Mexico border immediately.

The Democrat-controlled House voted 305 to 102. Senate Majority Leader Mitch McConnell said President Donald Trump supports the Senate bill.

“In order to get resources to the children fastest, we will reluctantly pass the Senate bill,” Pelosi wrote in a statement before the Thursday voting.

“The children come first,” Pelosi said. “At the end of the day, we have to make sure that the resources needed to protect the children are available.”

The sudden setback for Pelosi came amid heavy pressure from moderate Democrati

c lawmakers who are seen as most vulnerable at the 2020 U.S. general elections, local analysts said.

House Representative Josh Gottheimer, a Democratic leader of the bipartisan Problem Solvers Caucus, told Pelosi Thur

sday morning that he had rallied enough moderate Democrats to take down the rule on the amended House bill.

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n late April, the tw上海千花网品茶微信ned a further agreem

ent at the firs上海千花网品茶微信t China-Japan capital market forum to allow cross-listing of ETF products on the bourses of both countries.

With that, qualified institutional investors in China and Jap

an were allowed to set up cross-border funds to invest in ETF products in either country.

Also unveiled on Tuesday were four ETF connectivity products introduced by the Japanese comp

anies Nomura Asset Management, Nikko Asset Management, Mitsubishi UFJ Kokusai Asset Ma

nagement and Asset Manage One. The four products are traded at the Tokyo Stock Exchange.

Fang Xinghai, vice-chairman of China Securities Regulatory Commission, said at the launch ceremony that China-Japan E

TF Connectivity, together with the Shanghai-London Stock Connect launched on June 17 and FTSE Russell’s inc

lusion of the A shares implemented on June 21, indicated that China has accelerated its capital market opening-up.

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The online audio 上海千花网品茶微信ourishing in the

 country, with 上海千花网品茶微信more and more audio visual products of increasingly high quality being created,” said Cui Chenghao, deputy Party secr

etary of the research center of the National Radio and Television Administration, during the summit.

Cui, who is also the deputy editor of the report, points out that major online video platforms in China, including Tencent platform

iQiyi, have been pouring capital into the production of original content and the quality of most works have rea

ched a level that is comparable to those produced by broadcasting companies.

“For instance, most original online shows no longer depend solely on the star factor of famous personalities. More and more new

actors are appearing in these programs,” he says.Cui also claims that technological advancements have been dri

ving growth in the online media market since 2018 when technology such as 4K (ultra-high definition) and 8K re

solution as well as virtual reality started becoming more prevalent in the industry.

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The first three classe上海千花网女神会所re aimed at teac

A recent surv上海千花网女神会所ey shows that more than 61 percent of Chinese young people oppose

arranged marriage, expecting their parents to only give suggestions when finding a spouse.

The survey, released by China Youth Daily Thursday, found that the most unacceptable parental inte

rference among young Chinese is parents attending a blind date in place of their children, making up to 45 percent.

The second most offensive interference was parents joining their child on a blind date, accounting for 25.1 percent of those surveyed.

“I don’t like that parents control the whole process of my marriage as well as the bli

nd dates,” said Lin Peng, from Nanchang, Jiangxi province. “I hope I can have more freedom.”

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n the Asia Salary Gu上海千花网品茶微信ecruitment expe

rts organizatio上海千花网品茶微信n Hays, 47 percent of companies said they were not confident of finding the talents with the needed skill

s in the year ahead. The skill gap has widened in the past year-up from 36 percent in 2018.

This means most enterprises will struggle to recruit the talents they need in the year ahead. Bu

t as well as challenges, there are opportunities, especially for the key industries enjoying fast growth.

The demand for skilled workers is particularly acute in four fast-growth industries: research a

nd development in innovative technologies, financial services, trade and logistics, and the medical industry.

In the technology R&D sector, there is a lack of data scientists, cloud architects, user int

erface designers, solution engineers and artificial intelligence professionals. And the success of these ind

ustries is essential for the GBA to become a global technology and innovation hub.

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That same year, his story of perseverance reached

 Xiao Xing, a professor of accountancy at Tsinghua Unive

rsi上海千花网品茶微信ty’s School of Economics and Management, who taught one of Yang’s online classes.

She invited him to a group event at Tsinghua, and sent him

an autographed book bearing the inscription, “Kn

owledge puts wings on dreams.” Yang was delighted, “Given my condition, visiting Tsinghua was a dream come true.”

Although his health is unstable, he still logs on to XuetangX to learn new things whenever he can.

“The interface now is much more user friendly and the platform recommends classes tailored to my p

rogress and needs,” he said. “Although I am not enrolled at Tsinghua, the courses make m

e feel like one of the students in the classroom. At times, I feel that this is all I ever wanted.”

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Ren Zhengfei, founder and CEO of Huawei, said on Tues

sday that “not a single Huawei employee is fazed” by the new challenges. “We think it is rather normal.”

Ren said there has been a lot of speculation and exaggeration regarding Huawei’s situati

on. “If one wants to truly know what is happening in Huawei, please read our Xinsheng Shequ.”

A rare all-white panda has been captured on cameras in the Wolong National Nature

Reserve in Southwest China’s Sichuan province, the reserve management authorities said on Saturday.

The panda was captured in mid-April by an infrared camera about 2,000 meters above sea level in the wild, the authorities said.

The panda has no spots on its body and its eyes look red. It was crossing the forest at the time.

“Judging from pictures, the panda is an albino, one to two years old,” said Li She

ng, a researcher with Peking University and a specialist in bears, who studied the pictures.

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