Archive August 2019

They also agreed to 上海419论坛n bilateral ties and activ

vely promote trilateral cooperation, and speed up negotiations on the Regional Comprehens

ive Economic Partnership and the China-Japan-ROK free trade agreement, to jointly safeguard free trade.上海419论坛品茶微信

“China will continue to resolutely promote all-around open

上海419论坛ing-up, … which will absolutely bring new opportunities for the development of the ROK and J

apan as well as providing broad space for trilateral cooperation,” Wang said at a news conference after the meeting.

According to Wang, they also agreed on the necessity of stren

gthening communication and coordination on macroeconomic policy among the three coun上海419论坛

tries and building an open world economy given the downward pressure faced by the global economy.

China, Japan and the ROK are the world’s second-, third- and

上海419论坛品茶微信11th-largest economies, with their total GDP accounting for about 20 percent of global GDP.

“We believe that, as important manufacturing and innovation countries, China, Japan and the ROK should strengt

hen cooperation in such areas as big data, artificial intelligence and 5G,” Wang said, adding that China’s initiative to ma上海419论坛

ke 2020 the China-Japan-ROK innovation cooperation year was positively responded to by the other two sides.

Kang said at the news conference that it is important to explore and expand cooperation to enable the people of the thr

上海419论坛品茶微信ee countries to earnestly feel the benefits brought by trilateral cooperation.

The meeting also approved a concept paper on “Trilateral +X” cooperation, which a

ims to share successful experiences with other countries and promote common development.上海419论坛

This year marks the 20th anniversary of the China-Japan-ROK cooperation mechan

ism. And there was a two-year gap between this year’s meeting and the previous one in 2016.

Zhuang Rui, a professor of Asia-Pacific economics at the University of International Business and Economics in Beiji上海419论坛品茶微信

ng, said the meeting, which came amid tensions in bilateral ties and the trend of anti-globaliz

ation, helped to boost confidence and expectations for regional development and the global economy.

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Increasing global de上海会所nd for Chinese pro

ue to their cost advantage and rapidly growing domestic demand driven by income growth form the basis of their expan

上海会所ding scales. But the greatest factor driving Chinese enterprises’ continuous development is innovation.

Reform will promote innovation. Innovation will generate new demand and prompt Chinese enterprises to impr

上海会所品茶微信ove their quality, while technological innovation is key to their development and expansion. And to c

hange their long-term dependence on low-end products, the Chinese companies, with the government’s active h

elp, have invested more in research and development to facilitate their qualitative growth and expansion.上海会所

Last year, China’s total investment in R&D accounted for 2.18 percent of GDP, equivalent to the average of OECD countries, with the average R&D intensity o

上海会所f high-tech enterprises and A-share listed companies being about 3 percent and 4.87 percent.

Higher R&D investment has increased the enterprises’ capacity for independent innovation and competition advantage.

In particular, since the 18th National Congress of the Communist Party of China in November 2012, which for上海会所

mulated the innovation-driven development strategy and five new development concepts, Chinese en

上海会所品茶微信terprises have increased R&D investment and achieved remarkable breakthroughs in core technologies. In

fields as important as aviation, railways and 5G technology, Chinese enterprises have even taken a leading position.

Huawei is a good example of an innovation-driven high-tech Chinese company.上海会所

For years Huawei’s R&D intensity has been above 14 percent. In actual terms, Huawei’s R&D investment las

上海会所品茶微信t year was 101.5 billion yuan ($14.77 billion)-the fifth-highest in the world and more than that of Microsoft, Apple an

d Intel. Also, by the end of last year, Huawei had more than 87,800 global patents. No wonder Huawei’s R&D in

vestment and abundant innovation have placed Huawei at 61 on the 2019 Fortune Global 500 list.上海会所品茶微信

And despite Washington preventing US companies from selling components to Hua

wei in the first half of this year, the company’s mobile phone shipment grew continuously.

上海会所Since the beginning of this century, Chinese companies have been

applying or trying to apply modern information technology to improve production and ope

rations. The Internet Plus strategy has helped expedite the integration of enterprises and the inte上海会所品茶微信

net. And many enterprises have achieved rapid growth by making use of innovative business models thanks to IT.

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Drugs are directly rel上海夜网 health of the gener

eral public. They are a special commodity, and should not be subject to arbitrary price hikes,” he said at the meeting.

Li called for more measures in line with market principles to上海夜网女神会所

adjust prices so the general public can be assured drug prices are stabilizing.

上海夜网Some experts attributed the shortages to price hikes for active pharmace

ut i cal ingredients, saying that more must be done to boost their production.

Shi Lichen, founder of Beijing Dingchen Consultancy, which specializes in research on the pharmaceutical sector, sai上海夜网女神会所

d many active ingredient producers had been closed for various reasons in the last

few years, and many remaining players in the sector had raised prices due to their market dominance.

上海夜网”There must be more punitive measures from the authorities on price manipulation,” he said.

“Meanwhile, it is important for the authorities to encourage pha

rmaceutical businesses to establish their own production lines for active pharmac上海夜网女神会所

eutical ingredients, so that they can better withstand market risks from the supply end.”

The State Council meeting also emphasized the nee

d to expand imports of much-needed medicines to meet public demand.上海夜网

Medical institutions will face tighter drug use supervision so that basic medicines ha

ve priority in both procurement and utilization. The proportion of basic medicines t上海夜网

o total drug stock will be raised at State-run grassroots hospitals, the statement said.

上海夜网女神会所The Cabinet urged efforts to improve early warning systems for medicine shortages, implement a productio

n suspension reporting system, prompt medical institutions to set inventory warni

ng lines and build up reserves of medicines that might encounter severe shortages.上海夜网

It also called for greater government oversight over drug pricing to p

上海夜网女神会所event unreasonable price hikes. Businesses found to have raised prices unreas

onably will be identified publicly or disqualified from the government procurement network.

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The essential feature上海千花坊alism with Chinese

characteristics is the leadership of the Party, which plays a central role in co

ordinating the overall situation, he said, citing Shen­zhen as a good example of ha上海千花坊

ndling the relationship between market and government since China’s reform and opening-up began.

上海千花坊女神会所Early this week, Washington will review its decision on Huawei as scheduled. It put the co

mpany on its export-control list on May 15, delaying the restrictions for three months from May 21.

Although it might be the US suppliers of Huawei that care more about the outcome than the Chinese telecommu上海千花坊

nications giant itself, the US should not try to hold Huawei hostage to try and force China into agreeing to an unfair trade deal.

Huawei is confident that no power can hold back the pace with which the world wil上海千花坊女神会所

l step over the threshold into the 5G era and equally sure of its leadership advanta

ges in that technology, which come from its innovation and foresight. It spends about $20 billion a year on research a上海千花坊

nd development, and it has reportedly already begun research on the next generation 6G telecommunications technology.

Its profitability has endowed its vision with practical meaning. In the first half of this year,上海千花坊女神会所

its sales revenue reached 401.3 billion yuan ($57 billion), up 23.2 percent year-on-year, realizing a net profit of a

bout $5 billion — last year the company’s annual net profit was about $8.4 billion.

上海千花坊Indeed, Ren Zhengfei, founder and CEO of Huawei, in his most recent

media interview, even thanked the US for letting the world know how good Huawei is.

Despite this, the US government should take the opportunity to rethink its decision on Huawei.上海千花坊女神会所

However, all the signs suggest the US will not change its mind. Meng Wanzhou, Huawei’s chief financial officer, is still being detaine

d by Canada at the request of the US, and there has been no indication she will be released.

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show up at HK park to上海419论坛cewds rallupport o

wds rallNearly half a million people gathered at Tamar Park in Hong Kong on Saturday aftern

oon, sending out a loud call for an end to the violence and radicalism that has clouded the city since mid-June.上海419论坛

Braving light rain, 476,000 people demanded an end to all violence and the desecration

上海419论坛女神会所of national flags and emblems, as well as a halt to attacks on police stations and public facilities.

The participants chanted slogans while waving placards, banner

s and the flags of the nation and Hong Kong Special Administrative Region.上海419论坛

The city was fed up with the endless illegal marches, they said.

The rally was held after a tough week for the people of Hong Kong, with the city’s aviatio上海419论坛

n hub — Hong Kong International Airport — forced to cancel about 1,000 flights on Monday and Tuesday. In additi

on, a mainland tourist and reporter were assaulted by black-clad radicals at the airport on Tuesday night.上海419论坛

“Hong Kong was built up by Chinese people, not the British. And the young people here are throwing all of that away. I’m

上海419论坛女神会所disgusted by it,” said Erich Beck, a retired Australian who has lived in Hong Kong for 28 years.

Beck believes overseas elements are at play in the recent violent protests that have rocke

d the city, with the intent to “poison Hong Kong” in order to hurt China. He joined hundreds of thousands o上海419论坛

f local residents in an anti-violence rally on Hong Kong Island on Saturday afternoon.

Beck called on the city’s young people to think rationally about their behavior.

“How are you going to make the city better if it has all been thrown away?” he said.上海419论坛女神会所

The rally started at 5 pm, when people from all walks of l

ife took the stage to share their thoughts and common wishes. They incl

uded people from the education and legal sectors, the entertainment industry and the business sector.

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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.

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n addition, every 上海乌托邦uards are required to m

 make another check on prisoners who are on suicide watch.

Online media registration for the second China International Import Expo opened on Friday.上海乌托邦女神会所

The registration system at media.ciie.org will be accessible until September 30.

When registering for a media pass, foreign journalists who will be travelling to China to cover the event need to spe

上海乌托邦cify their outlet in the “foreign media organizations” listing under the media organization category, and select the “for

eigners for temporary stay in China” option when entering their personal information.

After signing up online, the system will generate a confirmation letter f上海乌托邦

or foreign journalists to apply for a J-2 visa at Chinese embassies, consulates or visa age

上海乌托邦女神会所ncies authorized by the Ministry of Foreign Affairs of the People’s Republic of China in their countries.

Resident foreign journalists in China will also need to register in the system, and selec

t the “foreigners for permanent stay in China” option when filling out their information.上海乌托邦

Epstein was housed in the Special Housing Unit, even as guards are requir

上海乌托邦女神会所ed to remove prisoners on suicide watch from the unit, according to a Twitter post by Preet Bharara, a former US

Attorney for the Southern District of New York. The SHU separates inmates such as accused sex of

fenders deemed likely to be harmed by other prisoners from the general population.上海乌托邦

Epstein had been confined to the correctional center while he appealed a district judge’s refusal to let him

live under 24-hour guard in his opulent townhouse on Manhattan’s Upper East Side

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Beijing lodges protest o上海419s meeting withparatists

The Commissioner’s Office of China’s Foreign Ministry in Hong Kong has lodged stern representations with US Consu

late General on its officer meeting “Hong Kong Independence” activists, a statement on the office’s website said on Thursday.上海419品茶微信

The statement came after it was reported that an officer at the US Consulate Gene

上海419ral in Hong Kong and Macao held a meeting with major “Hong Kong Independence” activists.

An official at the Commissioner’s Office urgently summoned a senior official at the US Consulate General to lodge stern repres

entations, expressing strong disapproval and firm opposition, and requiring clarification, according to the statement.

The official of the Commissioner’s Office emphasized that China is rock-firm in upholding natio上海419

nal sovereignty and security and Hong Kong’s prosperity and stability, and in opposing any inter

ference in Hong Kong affairs by any country, organization or individual in whatever form, the statement said.

上海419品茶微信We strongly urge the members of the US Consulate General in Hong Kong and Macao to abide by international law and basic

norms governing international relations, including the Vienna Convention on Diplomatic Relations and the

Vienna Convention on Consular Relations, and observe their obligations as consular personnel, said the statement.上海419

They are urged to immediately make a clean break from anti-China forces who stir up tro

uble in Hong Kong, stop sending out wrong signals to violent offenders, refrain from meddling with

上海419品茶微信Hong Kong affairs, and avoid going further down the wrong path, said the statement.

China’s foreign trade of goods rose 4.2 percent year-on-year in the first seven m

onths of this year to 17.41 trillion yuan ($2.49 trillion), customs data showed Thursday.

Exports increased 6.7 percent year-on-year to 9.48 trillion yuan during the period,上海419

while imports grew 1.3 percent to 7.93 trillion yuan, the General Administration of Customs (GAC) said.

China saw its trade surplus widen by 47.4 percent year-on-year to 1.55 trillion yuan during the same period.

上海419品茶微信China’s trade mix continued to optimize with the general trade growing both in volume a

nd proportion in the January-July period. General trade grew 5.7 percent year-on-year and accounted for 5

9.8 percent of the total trade, 0.8 percentage points higher than the same period of last year.

Looking ahead, Yi stress上海千花网tral bank, together

ith the State Administration of Foreign Exchange, would maintain stab

ility and continuity of the country’s foreign exchange management policy and saf上海千花网

eguard market entities’ legitimate and reasonable demands for using foreign currencies.

上海千花网品茶微信More efforts will be made to deepen the reform and opening up in the field of foreign e

xchange, promote the liberalization and facilitation of cross-border trade and

上海千花网investment and better serve the real economy and the country’s comprehensive opening up, Yi pledged.

China reiterated that United States accusations that it hasn’t yet beg

un buying US agricultural products are groundless and it is continuing to imp

lement previously signed agreements for soybean purchases, the National Development and Reform Commission said.

The NDR上海千花网品茶微信C, the country’s top economic planner, said Chinese companies have recently purchased US crops such as so

ybeans, adding there are some pending deals due to the lack of price competitiveness.

From the G20 Summit in Osaka, Japan, in late June until the end of July, 2.27 million metric to

上海千花网品茶微信ns of US soybeans were shipped to China, according to the NDRC. Another 2 million tons of soybeans are exp

ected to be shipped this month. The two countries have signed deals for 14 million tons of soybeans so far this year.

Since July 19, Chinese companies have inquired with US exporters上海千花网

about prices for such agricultural products as soybeans, sorghum, wheat, corn and ethanol.

As of Friday, they had made deals for 130,000 tons of soybeans, 120,000 t

上海千花网品茶微信ons of sorghum, 75,000 tons of hay, 60,000 tons of wheat, 40,000 tons of pork and po

rk products, 25,000 tons of cotton, 5,700 tons of dairy products, 4,500 tons of processed fruits and 400 tons of fresh fr

it. Chinese enterprises will apply to the Customs Tariff Commission of the State Council for exemption from tariffs.上海千花网

“China and the US are highly complementary in the agricultural sector, and it is in the common interests of bo

th sides to trade foodstuffs with each other. After the two leaders met in Osaka, China has demonstrated great上海千花网品茶微信

goodwill and positive efforts in purchasing US crops, and has already made considerable progress,” Cong

Liang, NDRC secretary-general, said during a recent interview with China Central Television.

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It will strive to becom 上海会所ess cluster for interna

rnational businesses, cross-border financial services, frontier technology research and devel

 上海会所opment and cross-border services trade, and speed up the industrial upgrading of existing companies.

The plan says the new area will be granted greater administrative power for self-development, self-reform and self-innovatio

 上海会所品茶微信n, and regularly promote its experience to spearhead a new round of reform and opening-up of the Yangtze River Delta.

The government will support the new area to foster more mature institutional and adm

inistrative systems and motivate market entities to participate in the international market, said Wang. 上海会所

Wang Xin, director of the research bureau of the People’s Bank of China (PBOC), the

country‘s central bank, said the PBOC will actively support the Shanghai Pilot Free Trade Zone construction. 上海会所品茶微信

The central bank will implement on trial basis more open, convenient and freer financ

e policies in the Lingang area, building a new open and innovative highland of finance, the director added.

hina on Tuesday voiced strong opposition to the US decision to label it “a currency manipulator,” stressing that China has nev 上海会所

er resorted to competitive devaluation and will not use the currency as a tool to deal with trade disputes.

In a response to the designation, China’s central bank refuted the unilateral move, saying the labe

l does not meet the quantitative criteria for the so-called “currency manipulator” set by the US Treasury. 上海会所品茶微信

“The US labeling is an arbitrary unilateral and protectionist

practice, which seriously undermines international rules and will significantly i

 上海会所mpact the global economy and financial markets,” the People’s Bank of China (PBOC) said in an online statement.

US TYPICAL MAXIMUM-PRESSURE TRICK

Ronald Wen, a Hong Kong-based senior banker, said the alleged currency manipulatio 上海会所品茶微信

n is a new weapon used by the US in the trade friction with China, sending a signal that t

he US-waged trade war is being expanded to more fields, including forex and financial markets.

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