Month: July 2019

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.

www.jvuau.cn

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Automation brought上海后花园ital intelligence will pro

place our brainpower in future and enable people to learn more about uncerta

上海后花园女神会所inties,” Li said in his keynote speech at the 2019 World Industry Internet Con

ference, which opened in Qingdao, East China’s Shandong province, on Thursday.

“We should also remember AI systems have a non-human mindset and th

上海后花园rough self-learning and practice, they can exceed human thoughts,” Li added.

The two-day conference brought officials, experts and entrepreneurs from six countri

es and regions to discuss the combination of high-end industry and artificial intelligence.

The annual event, regularly held in Qingdao, aims to build a com上海后花园女神会所

munication and cooperation platform to promote coordinated innovation worldwide.

上海后花园Jurgen Robmann, a member of the National Academy of Science and Engineering in G

ermany, said his team is working with Qingdao partners by focusing on digital twins technology.

“Digital twins technology helps people understand how physical machines oper

ate, and how these integrate themselves into industrial processes,” Robmann said.上海后花园女神会所

Yangjiang nuclear power plant’s unit 6 in Guangdong province is ready

for commercial operation with all the debugging work done as of Wednesday, it

s operator China General Nuclear Power Corp said on Wednesday in a statement.

上海后花园女神会所After all six units of Yangjiang nuclear power plant are put into operation, the annual energy output of the plant should re

ach 48 billion kilowatt hours, equivalent to 15.6 million metric tons of coal being burned.

This will reduce carbon dioxide emissions by 38.28 million tons, sulfur dioxide by 370,000 t上海后花园

ons and nitric oxide by 240,000 tons, said CGN, one of China’s biggest nuclear power operators.

上海后花园女神会所”A gradual acceleration of reactors approvals is expected as nuclear energy is absol

utely key to cut the nation’s reliance on fossil fuel power generation,” said Joseph Jacob

elli, an independent energy analyst and Asia-Pacific CEO of clean energy producer Joule Power.

www.bibentu.cn

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hina’s smart assistant de上海千花坊ket to grow fast report

hina’s installed base of smart assistant devices are expected to re

上海千花坊ach 5.8 billion by 2023, an industrial forecast showed.

Devices for the home such as air conditioners, door locks, TVs and refrigerators,上海千花坊女神会所

which will be able to be operated by a smart assistant via the network, will reach 3.6 billion in 2023, according to

上海千花坊the latest report on China’s Internet of Things (IOT) market by global technology market analyst firm Canalys.

The rise of smart assistants built-in to speakers catalyzed the growth of smart home devices that can be controlled via voice.

The installed base of devices with smart assistants built-in will reach 2.2 billion units in China上海千花坊女神会所

with a compound annual growth rate of 42 percent between 2018 and 2023, the report showed.

Canalys predicts that every Chinese household will

own an average of seven smart assistant-compatible home devices by 2023.

上海千花坊女神会所”The large appliance category, which includes refrigerators, washing machines and air condi

tioners, is expected to contribute the biggest growth,” said Canalys Research Analyst Cynthia Chen.

The smartphone will continue to be the main device category for smart assistants in 2023.上海千花坊

Over the next few years, the increasing awareness of saving energy and creating a healthier liv

ing environment will also be important for the Chinese IoT market, according to the report.

上海千花坊Huawei on Friday unveiled its first commercial 5G sma

rtphone in China, as the Chinese tech giant scrambles to be among the first

to give domestic consumers the access to the groundbreaking technology.上海千花坊女神会所

Priced at 6,199 yuan ($900) in China, the Mate 20 X comes with a 7.2 inch- screen, which is designed for a truly immersive experienc

e so that gamers and people who binge on films and TV shows can get the best from the phone, Huawei said.上海千花坊女神会所

He Gang, president of Huawei’s consumer business group, said the hands

et is the first in the world to support standalone and non-standalone 5G networks.

Its downloading peak speed can be 10 times as fast as 4G smartphones, He said.

www.biaodoudou.cn

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Westward, the city wi上海贵族宝贝re closely connected with

meration of the Beibu Gulf when the Hepu-Zhanjiang line is put through, as the travel time will be kept within three hours.

上海贵族宝贝The two lines are expected to start construction by the end of this year and be put into operati

on by 2025, according to China Railway Eryuan Engineering Group, the railway design and planning company.

上海贵族宝贝品茶微信Southward, the city will be able to reach Haikou, capital of Hainan from its downtown in about two hours when a high-sp

eed rail line is ready, which will allow Zhanjiang to take the opportunities arising from Hainan’s role as a free trade zone.

The line is expected to start construction by the end of 2020, according to the company.上海贵族宝贝品茶微信

The final rail line, which is designed to connect Zhangjiajie, a famous scenic city in Central China’s Hunan province, with Zh

上海贵族宝贝anjiang, is still at the early stage of research and has no timetable for construction yet, he added.

Investment boomThe new high-speed railways, which have been an important consideration for some investors, can help Zhanjiang to lur上海贵族宝贝

e more investment, Nie Bing, director of the city’s development and reform bureau, told reporters Wednesday.

上海贵族宝贝品茶微信Zhanjiang has attracted a group of large companies, including BASF, Sinopec, CNOOC, Baosteel, Ch

ina Resources, OCT, China Shipbuilding Industry Corporation and China Merchants Group, over the past few

years, especially after the operation started on its first high-speed rail line in July last year, Nie said.上海贵族宝贝

When Zhanjiang can more rapidly access the Pearl River Delta and the Beibu Gulf cities with the operation of new rail lines in the ne

上海贵族宝贝品茶微信ar future, it will become a more important investment destination for investors from those areas, Nie noted.

“We have a favorable geographic location, abundant natural resources and excellent eco-environment. Big investors can a

ccelerate the transition and upgrade the industry of Zhanjiang and promote its fast development as a result,” said Nie.上海贵族宝贝品茶微信

More importantly, convenient transportation can attract an increasing number of t

alent to Zhanjiang and that is a critical element for the city’s development, Nie said.

ashtt.com

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Moscow says sailors 上海会所 tanker detained by Kie

Sailors on board of the Russian tanker detained in the Ukrainian port of Iz

上海会所mail have not been charged with anything by Kiev and will soon return to Moscow, Ru

ssian Commissioner for Human Rights Tatyana Moskalkova said Thursday.

According to Moskalkova, she talked to her Ukrainian counterpart Lyudmila Denisova and was told that the R上海会所品茶微信

ussian sailors were not detained or accused of violating Ukrainian law and are currently on their way back to Russia.

上海会所”Ten sailors, citizens of the Russian Federation, are currently traveling from Ukraine

to Moldova on a bus … Their passports have been checked and they were put on a bus en route to Moldova, fr

om where they will fly to Moscow,” Moskalkova was quoted by RIA Novosti news agency as saying.上海会所品茶微信

The Russian embassy in Kiev also confirmed that the sailors of the Russian tanker are going home while the vessel re

上海会所mains in Ukraine, Russian media reported, citing a spokesman of the embassy.

Earlier in the day, Ukrainian Security Service together with the Military Prosecutor’s Office had detained the Ru

ssian NEYMA tanker in Izmail for its alleged involvement in last year’s Kerch Strait incident.上海会所品茶微信

The tanker was reportedly searched by Ukrainian investigators and

prosecutors “with court permission” and its crew members were questioned.

Ukrainian media later cited sources in the security service as saying that the sailors have been released.

上海会所品茶微信In November 2018, Russia seized three Ukrainian warships and 24 sailors on board near t

he Kerch Strait connecting the Black Sea and the Sea of Azov, accusing them of breaching the Russian border.

Tensions have flared up between Russia and Ukraine following the incident. Moscow has called the incident a provoca上海会所品茶微信

tion, while Kiev denied any wrongdoing and western countries denounced the “aggressive” actions of Russia.

shlfapp.com

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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

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In addition to the 上海419论坛lationship with theolitical obs

bservers will be keen to see how the bond between London and Washington changes with Johnson in charge.

上海419论坛Amanda Sloat, a former state department official who now works at the Brookings Institution

think tank in Washington, told the Guardian newspaper: “The personal chemistry between the two lea

ders is going to be much better. (US President Donald) Trump clearly has favored Boris as leader for a w上海419论坛女神会所

hile.”China will invest about 40 billion yuan ($5.82 billion) over three years to support the development of a housing re

上海419论坛ntal market in pilot cities, Chinese financial news outlet Yicai Wednesday reported.

Sixteen selected Chinese cities will get 13.4 billion yuan each year as a reward and subsidy for developing the housing re

ntal market and the total amount will reach 40.2 billion yuan in three years, the report said.上海419论坛女神会所

About 22 Chinese cities participated in the application process and 16 be

came pilot cities, gaining financial input to develop the rental market after an eval

上海419论坛ation by China’s Ministry of Finance and Ministry of Housing and Urban-Rural Development.

Those who won government support are mainly firs

t- and second-tier Chinese cities such as Beijing, Shanghai and South China’s Guan

gzhou and Shenzhen, with strong demand for rental homes and a large population inflow.上海419论坛

Most of the cities are in eastern China, including Nanjing in Jiangsu province, Hangzhou in Zhejiang province, Hefei in An

上海419论坛女神会所hui province, Fuzhou and Xiamen in Fujian province, and Ji’nan in Shandong province, the report said.

Other cities among the 16 include Central China’s Zhengzhou, Wuhan and Cha

ngsha; Northeast China’s Changchun; and Southwest China’s Chongqing and Chengdu.

The determining factors for a city to get financial support are the number of new renta上海419论坛女神会所

l houses in the city, the number of new residents whose housing rental needs have been met, and the co

nstruction of platforms for housing rental information services and supervision. 上海419论坛

Statistics showed that to rent a one-bedroom apartment in first-tier cities, one would have to pay more than 60 perce

上海419论坛女神会所nt of income, and that percentage amounted to 90 in Beijing, Shanghai and Shenzhen, according to a report on hou

sing rental pressure in 50 Chinese cities by the property information website Zhuge.com.

www.fanxgq.cn

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In China there are opp上海乌托邦s for skilled candidate

 across a wide range of fintech businesses, including banking, insurance, wealth management and payme

nt services,” said Simon Lance, managing director of Hays China, adding the industry risks losing valuable mom上海乌托邦品茶微信

entum given the shortage of skills and the overwhelming demand for experienced professionals.

上海乌托邦”For those already in the fintech industry, China offers great potent

ial. And for those in banking and financial services – or with relevant technology skill

s – now is a good time to consider what your career could be in the fintech industry,” Lance said.上海乌托邦品茶微信

According to Hays, large-scale commercial banks are accelerating the establishment of fintech subsidiaries across

上海乌托邦the country. It said the roles in demand in the banking sector include data security, data scientists, user experi

ence and user interface engineers, and full stack developers for mobile and web applications.

“Fintech offers career opportunities to people with experience in almost every area of ba上海乌托邦品茶微信

nking and financial services, as well as experts in artificial intelligence, biometrics, cloud and big data,” Lance said.

上海乌托邦Global fintech funding rose to $111.8 billion in 2018, up 120 percent from $50.8 billion in 2017, fueled by mega mergers

and acquisitions and buyout deals, according to a report from global auditing and consulting firm KPMG.

“China is at the cutting edge of the fintech industry and will provide a robust and exciting career for many years to come,” Lanc上海乌托邦品茶微信

e said. “Fintech also provides opportunities for those in related technology fields.”

上海乌托邦There is high demand from fintech startups for high-caliber talents with expertise in digita

l payment systems, digital asset management, blockchain and cryptocurrency, said the 2019 Hays Asia

Salary Guide. Hays expected qualified fintech candidates to command higher salaries in 2019.上海乌托邦品茶微信

Fintech is already a fast-growing industry in China. Statistics from Beijing-ba

上海乌托邦sed market consultancy Analysys showed the market scale of China’s fintech industry rea

ched 115 trillion yuan ($16.7 trillion) in 2018.This figure is expected to surpass 157 trillion yuan in 2020.

“Compared with the traditional financial sector, fintech talents should上海乌托邦

上海乌托邦品茶微信have not only solid financial professional background, but also flexible and inn

ovative thinking,” said Zheng Xia, assistant general manager of Ping An Securities.

fangzhenjiang.cn

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The policy, effective fr上海千花坊019 to the end of

 applies to nine cities in Guangdong — Guangzhou, Shenzhen, Zhu

上海千花坊品茶微信hai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing, the ministry said.

It said the move aimed to encourage the development of the Guangdong-Hong Kong-Macao Greater Bay Area.

The functions of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone will be op上海千花坊

timized and improved, according to the outline development plan for the Guangdong-Hong Kong-Macao Greater Bay Area.

上海千花坊品茶微信Strengthening the role of Qianhai as an engine of cooperation and development. More policies will be added and imple

mented to further expand the development space of Qianhai. The zone will also interconnect with Hong Kong’s build上海千花坊

ing of an open and innovative industrial system to leap towards the high end of the global value chain.

Financial openness and innovation will be promoted: the offshore account (OSA) function will be dev上海千花坊品茶微信

上海千花坊eloped, the free trade account (FTA) system of Shanghai Pilot Free Trade Zone will be learned, and mo

re effective ways will be explored for capital account convertibility. A commodity trading platform will be built at Qia

nhai Mercantile Exchange and more new models to serve the real economy will be explored.上海千花坊品茶微信

Consisting of the Hong Kong and Macao special administrative regions and the nine cities i

上海千花坊n Guangdong, the area covers 56,000 square km. It had a combined population of about 70 million at the end of

2017.Based on the existing solid cooperation foundation, the Guangdong-Hong Kong-Macao cooperation platform will

make full use of existing major cooperation platforms including Qianhai of Shenzhen, Nansha of Guangzhou, and Heng上海千花坊

qin of Zhuhai to explore a new model for coordinated development. It will increase the pragmatic cooperation betwee

上海千花坊品茶微信n the nine cities involved in the Pearl River Delta, Hong Kong, and Macao, by promoting exchanges of person

nel, materials, capital, and information. The cooperation platform will in

ject a new impetus for Guangdong-Hong Kong-Macao development and play an exem上海千花坊品茶微信

plary role in the close cooperation among Chinese mainland, Hong Kong, and Macao.

fqyp.org

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Macao International上海会所ositioned as small- and

 medium-sized airport, said Vicki Mou, chief of corporate communication & policy resear

ch office of Macao International Airport. Besides regional business aircraft services, the airport focu上海会所

ses on Southeast Asian market, connecting Macao and many attractions in the Philippines, Thailand, Malaysia and

上海会所品茶微信some other Southeast Asian countries, which enriches international routes in the Greater Bay Area, said Mou.

An aerotropolis with high economic efficiency 上海会所

“Our vision is to engineer our city’s airport to become an aerotropolis with high econom

上海会所ic efficiency and diversified employment opportunities,” said Carrie Lam, chief executive of the Hong Kong SAR.

Hong Kong is gearing up to play an even more important role in the aviation sector. Hong Kong Inter上海会所品茶微信

national Airport currently has two runways and began its three-runway system construction in 2016.

上海会所The new whole three-runway system will come into operation in 2024 toge

ther with a new passenger building, a new automated people mover, a new baggage han

dling system and expansion of the existing Terminal 2 into a full-service processing terminal.上海会所

The revamped airport will be able to accommodate 620,000 flight movements annually, welcoming about 100 million pa

上海会所品茶微信ssengers and handling some 9 million tonnes of cargo a year, said deputy director of airport operations Cheung.

Last year, the Hong Kong section of Guangzhou-Shenzhen-Hong Kong Express Rail Link and Hong Kong-Zhu

hai-Macao Bridge was inaugurated, further tying up the Hong Kong SAR and the Chinese mainland.上海会所

With its airport sitting right at the heart of the “double gat

上海会所品茶微信eway” linking the Greater Bay Area at one end and to the world at the other, Hong Kong offers seaml

ess air-to-land and air-to-sea connections with a huge number of nearby destinations.

gjrcpx.org

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