citizens. Even many Americans disagree strongly with US politicians. The v
iolence part of Hong Kong protesters is what an average American would frown upon.上海千花网
There was a “China is not an enemy” open letter to the US president recently in The Wa
上海千花网shington Post by a group from the academic, foreign policy, military and business communities, overwhelmingly from
the US, including a former US ambassador to China and professors from Yale, MIT and Harvard.
The letter reads in part: “US opposition will not prevent the continued expansion of the Chinese economy, a greater global mar上海千花网女神会所
ket share for Chinese companies and an increase in China’s role in world affairs…. We do not believe Beijing is an ec
nomic enemy or an existential national security threat that must be confronted in every sphere.”上海千花网
It is imperative for the protesters to heal the wound now and clearly stay
away from the rioters. Identify the right crowd and recognize one incontrovertible fact－t
hat Hong Kong is part of China. Upholding the “one country, two systems” principle is the first step toward上海千花网女神会所
restoring the rule of law in Hong Kong. Please do not become the ones you hated most. If Hong Kong becomes hell, you are
contributing to it, for, as the open letter mentioned earlier also says, “Efforts to isolate
China will simply weaken those Chinese intent on developing a more humane and tolerant society.”上海千花网
The wrong crowd cannot represent you, and you are the most unique if you avoid the crowd and turn back now.
The auction of a prominent dragon-shaped building in Pangu Plaza in Beijing bega
上海千花网n with a starting price of more than 5.18 billion yuan ($734 million) on Monday.
The auction, organized by the Beijing No 3 Intermediate People’s Court, is fo
r the 44-story No 5 building of the plaza near the National Stadium－also known as the B上海千花网女神会所
ird’s Nest－on the capital’s north-south axis in Chaoyang district. It will end at 10 am on Tuesday.
Since the court put the building-related information on e-commer
ce platform Taobao in July, the auction has been viewed about 120,000 times.上海千花网女神会所
But as of press time, just two people have registered to participate in the bidding.
According to the auction rules disclosed by the court, every participant should pay 1 billion yuan as a security deposit, a
nd the price will increase by 5 million yuan each time another participant joins.
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.
anuary 2017, he pledged GDP growth at 4 percent. More recently, he projected
上海千花网女神会所US growth at 3 percent. Yet analysts estimate US growth this year at 2.5 percent or less. Quali
tative assessments suggest deterioration, as the growth of domestic demand is slumping.
Worse, US GDP growth forecasts for 2020 indicate softening to 1.8 per上海千花网
cent, possibly a (near-recession) slowdown－especially if trade and tech wars still
escalate. In the absence of negative surprises, China’s GDP growth is lik
上海千花网ely to stay within the target of 6.2 percent in 2019 and possibly in 2020 as well, with
supportive fiscal and monetary conditions. US tariff wars are likely to penalize the Chinese economy by less
上海千花网女神会所than 0.5 percent of GDP, which could be offset by just a modest depreciation of the renminbi.
If recent policy mistakes in the White House prevail, slower growth in i
nvestment spending, rising concern for continued trade wars and destabilizing geopolitics are likely to foster downside上海千花网
risks in global economic prospects, as risks for further downgrades morph into actual realities.
The author is the founder of Difference Group and has served at India, China and
上海千花网女神会所America Institute (US), Shanghai Institutes for International Studies (China) a
nd the EU Centre (Singapore). The views of the article do not necessarily represent those of China Daily.
Key indexes decline as US threat to impose tariffs rattles global investors上海千花网
China’s A-share market, together with other Asian peers, tumbled on Friday, after the
unexpected tariff threat from the United States overnight rattled investors globally.
上海千花网女神会所The benchmark Shanghai Composite Index fell by 1.41 percent to close at 2867.84 poi
nts, while the smaller Shenzhen Component Index ended 1.42 percent lower at 9136.46 points.
More than 3,000 shares, or 85 percent of the shares listed on mainland bourses in total, registered losses on上海千花网
Friday, with brokerages, energy equipment manufacturers and the shipping sector leading the fall.
上海千花网女神会所Low investor sentiment was witnessed in other Asian bourses on Friday, with Hong Kong’s Hang Seng, Japan’s Nikkei a
nd South Korea’s Kospi losing 2.35 percent, 2.11 percent and 0.95 percent, respectively.
Well, we were showing in Paris, London and New York, but three years
ago we went into the mainland. We luckily found a showroom that could help us. The mainla上海千花网女神会所
nd’s market is hard, because stores are very new; brands might not have a website, just WeChat. But sales have
上海千花网grown from our first season to now and it has been significant. The mainland has overtaken my orders from Europe. And of cour
se, the scale is different. We have around 25 points of sale there now. So yes, we’re focusing more and more on the mainland.上海千花网女神会所
Do you design especially for the mainland market?
We do tailor some of our designs, yes. I sometimes follow trends, but we c上海千花网
are more about ourselves and our feedback from the buyers, who will tell us what sol
d well last season. We take that and move forward. But if the buyer says a particular fit works, or a certain color, we上海千花网
will expand on those things. So we take about 50% of outside advice and add 50% of our own ideas.
The media seems to portray the brand as being for fashionistas, yet Cynthia & Xiao doesn’t feel entirely that way. Would you agree?
上海千花网女神会所Yes. It’s for fun kinds of girls who feel comfortable with themselves. We
do get some cool fashionistas who might wear our stuff and some Hong Kong KOLs [key opin
ion leaders]. But I don’t see our brand as a KOL thing. I’d rather have more people wearing and touching the prod上海千花网
uct than a KOL endorsement. I also don’t have a massive inventory of stuff, so I don’t need some super high-profile K
上海千花网OL. It’s about the right balance.Hongkongers don’t really seem to support their local designers – or their artist
s for that matter, either. But isn’t the current digital age meant to be all about disruption, inclusion and youth?
The mainland is also such a different kind of vibe from Hong Kong. They like that “girl-next-door” look, which is very relatable. These上海千花网
influencers are really successful, but you don’t know who they are. It’s a different type of visibility.
We find color just works. When we started out, the palette was more muted, with navy and grey – the idea being that pieces
上海千花网女神会所could be mixed and matched. But as we’ve grown, we’ve incorporated more color – lots of it! [laughs] – like yellow, r
ed, orange, neon green… stuff that’s really in-your-face. And they sell really well for us. The consumers seem to love it.
What’s your best-selling piece?上海千花网女神会所
Our favorite shape is something we call “oversize”. For some girls, it could literally be a dress,
but you would have to wear something underneath. Let’s just say it covers the bottoms and is our best-sel
ling shape no matter what we do. Then again, they also don’t want something too long. They like above the knee. If you co上海千花网
ver the knee, you look short. And of course, the aim is to look both short and thin. In Sha上海千花网女神会所
nghai, we always go shorter – a more fitted shape. Sometimes we make longer pieces, too.
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.
ers on one charge would earn 5 credits for its maker according to previous equations, and in the draft proposal the credits will be redu
ced to 2.5, according to Cui Dongshu, secretary-general of the China Passenger Car Association.上海千花网
He added that the proposed policy encourages better technology as more efficient power consumption will earn more credits.
上海千花网女神会所Analysts said the plan’s release will help carmakers to coordinate their production plans, es
pecially international ones, which have been slower than Chinese ones to respond to policy changes.
Herbert Diess, CEO of Volkswagen AG, called for a stable policy envi上海千花网
ronment at the World New Energy Vehicle Congress held in early July in Hainan province.
The German carmaker said almost half of its new energy vehicles produced in 2028 will
上海千花网女神会所be made in China. China has been the largest market for new energy vehicles since it overtook the United States in 2015.
So far there are around 3.5 million such vehicles on its roads.
The country’s new energy vehicle sales surged 65.9 percent year-on-year to 577,000 units上海千花网
during the January-June period, data from the China Passenger Car Association showed.
上海千花网女神会所The draft proposal is expected to help boost hybrids as well, to which Japanese carmakers have devoted much time and money.
They would still be considered fossil-fueled but re-classified as “low fuel consu
mption passenger vehicles” and thus will incur less negative points than traditional vehicles.
Under the current system, automakers in China are obliged to make up for a portion of the negative points they incur whe上海千花网女神会所
n they produce internal combustion engine vehicles with points won for producing new energy vehicles.
Analysts said the revision could see more traditional vehicles replaced with hybrids, because when automakers prod
uce hybrids. The proposed change came as a surprise, some experts and industry officials said, because the gove上海千花网女神会所
rnment has never before given any preferential treatment for hybrid technology.
“The new proposed policy is a roundabout way to promote hybrid cars,” said Cui in a social media post.
Chinese and Western elements and values can find common ground. A good example being the part in the trailer where the matchmaker describes the qu
alities that make for a good wife, namely a woman being “quiet, composed, graceful, disciplined”. This is said with M上海千花网品茶微信
ulan appearing in two images. One has her dressing as a woman, the other with her practicing sword. Obviously Disney de
上海千花网scribed Mulan as a warrior, an independent female who can save herself instead of waiting for someone to save her.
That’s a good point where Chinese and Western values are similar because gender equality and female independence are上海千花网
now valued in both cultures. It will strike a chord with both Chinese and Western audiences.
上海千花网品茶微信But whatever styles her clothes and makeup follow, Mulan is a Chinese legendary heroine and she embodies the virtues of Chinese wo
men. Disney’s Mulan should also prompt the Chinese movie industry to make better use of Chinese stories. Chinese scriptwriters an
d directors can well tell stories about Chinese ancient heroes to the world, instead of waiting for Disney or H上海千花网
ollywood to tell them. Good stories move audiences of the whole world because their hearts are interconnected.
上海千花网品茶微信The top 500 Chinese companies saw their revenue reach 45.5 trillion yuan, an increase of 14.8 perce
nt year-on-year, accounting for more than a half of China’s GDP that broke through 90 tr
illion yuan last year, according to Fortune magazine’s Chinese edition on Wednesday.
The net profits of the 500 companies reached 3.635 trillion yuan, up 4.21 percent from a year earlier, and the threshold to list in China’s Fortune 500 r上海千花网品茶微信
anking rose to 16.23 billion yuan revenue, up by 17 percent year-on-year, said the magazine.
The top three companies are China Petroleum & Chemical Corporation (Sinopec), Petrochina Company Limited and China上海千花网
State Construction Engineering Corporation Limited, with 2.89 trillion yuan, 2.35 trillion yuan and 1.3 tr
illion yuan in revenue, respectively, and 63.09 billion yuan, 52.59 billion yuan and 38.24 billion yuan in profits, respectively.
上海千花网品茶微信The top 10 most profitable companies are China’s “Big Four” banks – Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of Ch
ina and the Bank of China – and China Mobile Limited, Ping An Insurance (Group) Company of China Ltd, China Me
rchants Bank Co Ltd, Tencent Holdings Ltd, Bank of Communications Co, Ltd and Alibaba Group Holding Ltd, a上海千花网品茶微信
nd their total profits reached 1.46 trillion yuan, accounting for 40.3 percent of the 500 companies’ profits.
against the central government shows they could not care less about the
overall interest of Hong Kong society and are merely exploiting the controversy over t上海千花网品茶微信
he extradition law amendment to advance their own agenda, as they have don
上海千花网e with other social issues before. They should be shunned by those who have Hong Kong’s best interests at heart.
Now that the SAR government has called time on the amendment bill, it can turn its attention to the most important mat
ters at hand — economic development and improving people’s livelihoods. Those who really want the bes上海千花网品茶微信
t for Hong Kong should be willing to work with the SAR government to tackle the deep-seated problems the SAR faces.
上海千花网Taiwan leader Tsai Ing-wen and other secessionists on the island ma
y feel exhilarated about the US State Department on Monday approving the pot
ential sale to Taiwan of $2.2 billion in arms, considering the move to be a sign that they will be able to count on the U上海千花网品茶微信
nited States for help should there be a military confrontation with the Chinese mainland.
And for those in the US who consider Taiwan as a pawn the US can use上海千花网
in its competition with China, the sale of arms represents not only a profitable deal, but also
a hedge to maintain the status quo in which they can regard Taiwan as an independent entity.上海千花网品茶微信
Tsai and her followers should know that their exhilaration is nothing but whistling past the
graveyard. The more arms the island buys from the US, the less safe the island becomes as efforts to bu上海千花网
ild up the island’s military capabilities only serve to send a clear message of secessionism to the mainland.
Tsai and her followers should not underestimate the mainland’s resolve to defend the nation’s sovereignty and territ
orial integrity. The farther the island moves away from the possible peaceful reunion w
ith its motherland, the more resolute the mainland will become to take the island back by force.
By building up its military defense, Tsai is playing a game of brinkmanship.
and a former ch上海千花网品茶微信airman of Morgan Stanley Asia, warned that if the US and China, wh
ich have accounted for fully 44 percent of world GDP growth since 2008, opt for a superficial res
olution or fail to come to terms on their trade conflict, the global economy could well falter.
Bipartisan political support for China bashing in the savings-shor
t US threatens to turn a trade war into a protracted and destructive economic cold war, Roach said.
“Now, more than ever, a fragile world is in desperate need of political will and wisdom,” he said.
Xiong Aizong, assistant researcher at the Chinese Academy of Social Sciences’ Institute of World Economics and Pol
itics, agreed that multilateral mechanisms are the best solution to tackle global issues.