Allan

The People’s Bank of上海千花坊on Saturday that it wil

ll improve the mechanism of the loan prime rate-the price of loans banks offer to their best clients-and use the mech

anism as the reference rate for business and household loans. The move was broadly seen as China’s effort to give th上海千花坊女神会所

e market a greater say in setting prices and to lower the real interest rate for companies.

上海千花坊”The rate reform will help reduce borrowing cost for companies so that they can expand investment and

production. It will also help improve corporate profitability,” said Yu Ke, an analyst at Guoyuan Securities.

The central authorities’ decision to support the development of Shenzhen also boosted the pric上海千花坊女神会所

es of technology companies on Monday as Shenzhen is the home of many high-tech and innovative firms.

The guideline also said that it will explore the registration-based initial p

上海千花坊ublic offering system on the startup board in Shenzhen and will support the city in car

rying out foreign exchange reform and accelerate the internationalization of the renminbi.

Ma Tao, an analyst at Caitong Securities, said that investment opportunities could emerge from technology sectors includ上海千花坊

ing 5G, artificial intelligence and life science as the guideline from the central authorities will help strengthen Sh

enzhen’s advantage as the leading technological and innovation hub for the country.上海千花坊女神会所

An index that tracks major securities brokerages also soared by 6.9 p

ercent on Monday as investors believed that a market rally will benefit securities firms.

上海千花坊The securities regulator has expanded the number of stocks qualified for the margin

trading and short selling business of the securities brokerage and has relaxed margin financing rules. The deci

sion became effective on Monday, which also helped lift the stock prices of securities firms.上海千花坊女神会所

Many young people in Hong Kong seem to have misunderstandings about the Chinese mainland and the United States.

No matter how noble an individual goal is, the collective outcome could be exactly the opposite of what each individual wa

nted. When I taught social decision theories, my students often could not believe thei上海千花坊女神会所

r eyes that collective decisions are necessarily dictatorial, even under very minimal assumptions. That is an implic

ation of the Arrow’s impossibility theorem developed by Nobel laureate Kenneth Arrow.

www.funhorsy.com

Du Zhixiong, a resear上海会所ural Development

t Institute at the Chinese Academy of Social Sciences, said China

‘s agricultural sector was plagued by inefficient production practices for上海会所品茶微信

many years, while annual output was highly susceptible to changes in climate.

For example, from 1959 to 1961 large parts of the country experienced a severe drought.上海会所

In 1961, the arid conditions reduced the total crop yield by 61 million metric tons, a 30 percent fall from 1958.

Since the early 1980s, the central leadership has attached great significan

上海会所ce to agricultural innovation. In 2015, investment in scientific and technological research reached 55 billion yu

an ($7.8 billion at today’s rates), compared with 720 million yuan in 1978, Du said.

According to the ministry, more than 96 percent of fields dedicated to the cultivation上海会所品茶微信

of major crops, including rice, corn and wheat, are sown with high-yield, resilient species.

上海会所A number of crop-breeding platforms that employ scientifically proven approaches-such as the use of “dwarf-st

erile” wheat, the “super rice” system and hybrid corn breeding-have been established to fast-t

rack improvements in edible crops and ensure the food supply is reliable and safe in the long term.

The wide application of modern farming techniques ha上海会所品茶微信

s also helped farmers to raise yields and reduce damage to the environment.

At present, environmentally friendly methods are used to prevent and control pests on 56.7 mill

ion hectares under cultivation, accounting for 15 percent of the total area affected by such pests.

上海会所Meanwhile, smarter use of pesticides in demonstra

tion areas has reduced the use of chemicals by 20 to 30 percent, the ministry said.

The use of fertilizers has been further contained as a result of a nationwide campaign l上海会所品茶微信

aunched in 2005. It aims to tailor the use of synthesized fertilizers to suit local soil conditions

and improve awareness of the scientific management of fertilizers among farmers.

www.wjdynjl.cn

and HE SHUSI in Hong 上海419 in Beijingol the dep

Radicals breached ‘bottom line’ of law, spokeswoman says

Two organizations of the central government expressed strong indignation and condemnation on Wednesd上海419

ay over violent acts targeting mainland residents at Hong Kong International Airport on Tuesday.

Meanwhile, the airport resumed operations on Wednesday after the High Court in the Hong Kong上海419品茶微信

Special Administrative Region issued an interim injunction banning unlawful obstruction of airport operations.

上海419The order, requested by Airport Authority Hong Kong, prohibits

any person from unlawfully and willfully obstructing and interfering with ope

rations at the airport, according to a statement issued by the authority on Wednesday morning.

The Liaison Office of the Central People’s Government in the Hong Kong Special Administrativ上海419品茶微信

e Region and the State Council’s Hong Kong and Macao Affairs Office responded to the violence at the airport.

Two mainland residents were illegally detained and beaten on Tuesday night by radical protesters who occupied and crip上海419

led the airport. The two are a Global Times reporter and a Shenzhen resident who was accused of being an undercover pol

ice officer from the mainland. After the assault, the two were taken to local hospitals for medical treatment.上海419品茶微信

“The atrocity has totally gone beyond the bottom line of a civilized society,

which is no different from terrorists’ acts,” the Liaison Office statement said.

The office pointed out that the protesters’ acts, including paralyzing operations of the airport and harassing passengers of var上海419

ious nationalities and ages, severely hurt others’ rights and damaged Hong Kong’s international reputation.

“This time the protesters have torn down their deceptive masks of ‘peace, rationality and nonviolence'”, the statement said.上海419品茶微信

The liaison office pledged that it will continue to stand behind relevant authoritie

s to safeguard the personal safety and legitimate rights of mainland residents in Hong Kong.

www.happla.cn

Sargent said this highli上海千花网ilience and vitality

 of the Chinese economy and effectively promoted the country’s long-term stable development.

The Nielsen report also found consumers’ personal financial situation and willingness to spend have been robust.上海千花网

In Q2, the sub-index for personal finance increased from 70 in Q1 to 71, hitting a historical high, and local j

上海千花网品茶微信ob prospects and willingness to spend came in at 77 and 61 respectively, the report said.

Sargent said the Chinese government’s efforts to further cut tax an

d lower fees have reduced the cost of enterprises and enhanced their vitality.上海千花网

The consumer trend index for different regions in China remained stable, reaching 124 in the eastern region while the

northern and southern regions achieved steady growth in the past three quarters, the report showed.上海千花网品茶微信

In addition, indices for first, second and third-tier cities all have increased steadily in the past four quarters, part

icularly in the past six months, driven by better personal finance and rising willingness to spend, the report said.

“In the first half of this year, people’s livelihood indicators such as employmen上海千花网

t, costs and income all performed well. Among them, prices were basically stable, and the supply and de

mand of the whole market balanced, boosting residents’ willingness to spend,” Sargent analyzed.

He said the consumption structure of residents was further improved by a change in consumption concept and m上海千花网品茶微信

ode, which gradually released the potential of service consumption demand.

The report also showed 68 percent of Chinese consumers prefer domestic brands, and even for the 62 percent of co

nsumers who would buy foreign brands, domestic brands are still their first choice.上海千花网品茶微信

Cost performance is the main reason why consumers choose domest

ic products, but for them, quality also weighs in higher than price.

settlementcloud.org

new foreign-funded 上海千花坊es were started, the m

With industrial and consumption upgrades, investment in hig

h-tech industries climbed 43.1 percent year-on-year — 29.3 percent of the total FDI — am上海千花坊女神会所

ong which the high-tech service sector gained 97.4 billion yuan in FDI, up 63.2 percent.

上海千花坊Zhang Xiaofan, a partner at Deloitte’s global Chinese services group, said trade tensions between China and the United Sta

tes will not force any country or region to replace China’s position as a key player in the global supply chain.

Because of its members’ different cultures, currencies and po上海千花坊

litical systems, the Association of Southeast Asian Nations cannot match China’s size as a

huge consumption market. Neither can ASEAN members muster as many policy and institutional advantages as Chin

a to fine tune economic structures and fend off potential financial risks, Zhang said.上海千花坊女神会所

China also has a well-developed infrastructure to support the real economy, Zhang added.

Attracted by China’s consumer market driven by an expanding middle-income group

上海千花坊女神会所and fast developing information technology, foreign investment from Germany and the Republic of Korea surg

ed in the first seven months, posting growth rates of 72.4 percent and 69.7 percent year-on-year, respectively.

FDI from the European Union rose 18.3 percent year-on-year, while

FDI from countries participating in the Belt and Road Initiative grew by 5 percent.上海千花坊女神会所

Joerg Wuttke, president of the European Union Chamber of Commerce

in China, said that to prevent risks caused by unilateral actions, China and the Eur上海千花坊

opean Union should further efforts to reach the EU-China comprehensive agreement on invest

ment by 2020, perhaps eyeing a new free trade agreement soon after that.

cn-yongan.com

Jaishankar assured W上海乌托邦at New Delhi wants

s to improve ties with Islamabad, and is willing to main

tain restraint and safeguard regional peace and stability.

Jaishankar added that h上海乌托邦品茶微信is country stands ready to properl

y resolve the China-India border question through consultation and

will honor the consensus that the two nations have reached on promoting tranquillity in the area.

上海乌托邦品茶微信New Delhi is looking forward to the second informal meeting between President Xi Ji

nping and Indian Prime Minister Narendra Modi, to be held in India later this year, Jaishankar said. The fi上海乌托邦

rst such meeting between the two leaders took place in April 2018 in Wuhan, Hubei province.

During their talks, Wang and Jaishankar agreed China and India would expand pragmatic上海乌托邦

cooperation in such areas as trade, investment and tourism and strengthen exchanges on defense issues.

上海乌托邦品茶微信Foreign direct investment (FDI) into the Chinese mainland expanded 7.3 percent year-o

n-year to 533.14 billion yuan in the January-July period, the Ministry of Commerce announced Tuesday.

In US dollar terms, FDI inflow grew 3.6 percent year on year to $78.8 billion during the period, the ministry said.上海乌托邦

FDI in July alone reached 54.82 billion yuan, up 8.7 percent year-on-year.

During the past seven months, a total of 24,050 new foreign-funded enterprises were founded.上海乌托邦品茶微信

Investment in high-tech industries climbed 43.1 percent year-on-year to account for 29.3 percent of the total FDI, a

mong which the high-tech service sector received 97.39 billion yuan, up 63.2 percent.

www.7893386.cn

Hong Kong radicals’ at上海419论坛w signs of terrorism’

The Liaison Office of the Central People’s Government in the Hong Kong Special Administ

rative Region on Monday “strongly condemned” the violent acts by a small group of lawbreakers, after a polic上海419论坛女神会所

e officer was injured by homemade petrol bombs thrown by radical protesters on Sunday night.

The condemnation came after many civic leaders also expressed concerns over the appalli

上海419论坛ng acts by the radicals during multiple illegal protests at different locations of the city during the weekend.

During the violent clashes on Sunday, some rioters attacked the police stations wi

th highly fatal and destructive weapons, including launched petrol bombs.上海419论坛女神会所

An on-duty police officer sustained burns on both legs after being hit by a petrol bomb in Tsim Sha Tsui.

“There is no place in the world that would tolerate such atrocious violent acts. Hong Ko上海419论坛

ng will slide into an abyss, if such acts of terror were allowed,” the office said in a statement.

The most urgent, common aspiration of the public is to end violence and restore peace and order, the liaison office stressed.

上海419论坛女神会所Thus, it called on the Hong Kong society to firmly support the SAR go

vernment and the police force to bring all violent lawbreakers to justice.

Hong Kong police have exercised restraint and professionalism w

hen handling the violent and illegal protests that be上海419论坛gan in mid-June, the office said.

To date, a total of 12 police officers have been injured by laser beams poi

nted at them deliberately by radicals using laser pens, according to the department. So

上海419论坛女神会所far, about 700 people have been arrested in relation to illegal protests since mid-June.

The office expressed sympathy to injured officers and extended gratitude to the police force and their families.

9402267.org.cn

The current joint operat上海夜网t the first of its kind

 for Herbert Smith Freehills. The London-headquartered law firm has also been work

ing with Hiswara Bunjamin and Tandjung in Indonesia in a similar fashion for the last 15 years.上海夜网女神会所

Gavin Guo, international partner of Kewei, said that they had submitted an application for the joint operation to the Shang

上海夜网hai Municipal Bureau of Justice earlier this year and it took them three months to get the green light.

According to Guo, the joint operation of law firms is different from a joint ven

ture and does not include equity options. The two law firms are still independent e上海夜网女神会所

ntities but share administrative resources and provide one-stop legal services to clients.

Such joint operation models are attractive for multinational companies with operat上海夜网

ions in China and outbound Chinese companies, said Guo. Before this, companies need to go to a foreign la

上海夜网女神会所w firm and a Chinese law firm separately for legal services. This can be avoided as communication with both the l

aw firms can be completed in the same office and will incur only a single charge, he said.上海夜网

“Given the current global economic and political uncertainties and trade friction, governments are tightening their scru

上海夜网tiny and regulation in areas like foreign direct investment. The joint operation model will play a big role in te

rms of transaction habits, disputes resolution and even company strategies,” he said.

The first joint operation was set up by the Chicago-headquartered Baker McKenzie and Beijing Fenxun Partners in April 201上海夜网女神会所

5. In an action plan rolled out in April 2018, the Shanghai Municipal Bureau of Justice said it will study the possibility of pro

moting the joint operation model to the rest of the city to further improve the business environment.上海夜网

Domestic enterprises accelerate pace of innovation amid friction between China, US

The structure of China’s foreign trade will continue to improve with more flexibility in the second half of this year du上海夜网女神会所

e to its institutional, industrial and market advantages, officials and experts said on Thursday.

Li Kuiwen, a spokesman for the General Administration of Customs’ Department of Statis上海夜网

tics, said China has not only increased its market share with major economies such as the European Union th

is year, but its trade volume with emerging markets has also notably surged.上海夜网女神会所

Li’s remark came after the administration announced earlier on Thursday that China’s foreign trade grew 4.2 p

ercent year-on-year in the first seven months of the year to 17.41 trillion yuan ($2.47 trillion).

www.qiuLuhuang.cn

Trump’s declaration is 上海后花园nt with any of the pr

reviously announced standards,” Hufbauer said. “Trump is toying with the idea of countervailing currency interve

上海后花园ntion-selling dollars to buy yuan-but that seems unlikely. The Fed is not likely to go along, and the Exchange Stab

ilization Fund controlled by the Treasury does not have the big bucks needed to move currency markets.”

In July, the IMF said the US dollar was overvalued by 6 percent to 12 percent based on near-ter上海后花园女神会所

m economic fundamentals, while China’s yuan was seen as broadly in line with fundamentals.

上海后花园Some estimate that a 10 percent appreciation of the dollar, relative to a trade-weighted current basket, reduces US

exports by about 1 percent of gross domestic product, or about $200 billion annually,” he said.

Usha Haley, the W. Frank Barton Distinguished Chair in International Business a上海后花园女神会所

nd a professor of management at Wichita State University, concurred that China did not manipulate its currency.

“A counter-argument to Trump would be China has just responded to these new rounds of tariffs,” she told China Daily.

上海后花园”The first rule of successful negotiations should be understanding

the other party and its interest, and it appears neither side understands the other.

“When elephants fight, the grass gets trampled,” she said. “In this case, the trade上海后花园女神会所

dispute between China and the US is hurting both parties and the global economy.”

In a statement on Monday, PBOC Governor Yi Gang said: “As a responsible big country, China will abide by the spirit of th

上海后花园e G20 Leaders Summit on the exchange-rate issue, adhere to the market-determined exchange-rate sys

tem, not engage in competitive devaluation, not use the exchange rate for competitive purposes and not use the

exchange rate as a tool to deal with external disturbances such as trade disputes.”上海后花园女神会所

Currency manipulation is based on two assumptions: First, that a nation

can lower the international value of its money by acquiring foreign currency r

eserves, and second, that a weaker currency gives a nation an unfair trade advantage.

guapogang.cn

Lunar rover sleeps afte上海千花坊 travelific missions

Yutu 2’s scientific missions include surveying terrain, detecting minerals

China’s Yutu 2 lunar rover has entered its eighth period of dormancy on the moon’s far side and is in上海千花坊

good condition after traveling 271 meters, according to China National Space Administration.

上海千花坊女神会所In a statement sent to China Daily on Thursday, the administration said the rover, China’s second

movable robot on the moon after Yutu, was switched to dormant mode at around 5:50 pm on W

ednesday after receiving signals from ground control. Yutu 2 is part of the Chang’e 4 robotic probe.上海千花坊

Before its dormancy, the machine had traveled 271 meters on the lunar surface, more than dou

上海千花坊女神会所ble the distance covered by Yutu, which reached the moon in December 2013 and worked there until July 2016.

The administration said that on the lunar day that just ended, Yutu 2 and Chang’e 4’s lander, wh

ich has also entered a dormancy period, obtained a great deal of scientific data.上海千花坊

A lunar day equals 14 days on Earth, and a lunar night is the same length. During the lunar

night, the temperature falls below minus 180 C, and there is no sunlight to provide power to the probe.

上海千花坊女神会所Chang’e 4 was lifted atop a Long March 3B rocket in early December at the Xi

chang Satellite Launch Center in Sichuan province to make the country’s fourth

lunar exploration and the world’s first expedition to the moon’s far side, which never faces Earth.上海千花坊

The probe made a soft landing on the far side on Jan 3 and then released Yutu

2, the world’s seventh moon rover, and also the first to get to the far side and survey th上海千花坊女神会所

e South Pole-Aitken basin, the largest and deepest known basin in the solar system.

www.ashddd.com