Category: 上海419

PBOC interest rate refo上海419 small businesses

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Borrowing costs will get lower for companies in China starting Tuesday through a

key interest rate reform brought out by the People’s Bank of China, the central bank, to maintain ec上海419

onomic momentum amid the continuing trade friction with the United States.

上海419女神会所Analysts say the interest rate reform will lower financing costs for small a

nd private companies and encourage investment in the manufacturing sector.

The PBOC unveiled the policy over the weekend, saying it would introduce a new reference rate, the loan prime rate-the pr上海419

ice of loans banks offer their best clients-for setting the prices of business and household loans. The earlier re

上海419ference rate, the one-year benchmark lending rate, will be replaced in the future.

The announcement is seen as China’s most significant market-based interest rate reform for over a decade, experts said.上海419女神会所

The PBOC said in a statement that, starting Tuesday, 18 qualified commer

cial banks, including State-owned banks, city and rural commercial banks and foreign banks, will report their lend

上海419ing reference rate every month. Analysts expect the first loan prime rate will be much lower than the current 4.35 per

cent one-year benchmark lending rate, which has been unchanged since August 2015.

The statement said commercial banks will be allo上海419

wed to float the lending rates up by certain percentage points above the medium-ter

上海419女神会所m lending facility rate of the central bank. The medium-term lending rate is the cost that commercial banks sho

uld pay for borrowing from the central bank, and it was set at 3.3 percent on Thursday.

Sheng Songcheng, a central bank adviser and former head of the PBOC’s

statistics department, said the reform will help keep lending rates lower.

Moreover, the changes will enable the PBOC to effectively influence Chin上海419女神会所

a’s entire interest rate system by selling or buying financial instruments on the open

market, much like how Western central banks implement monetary policy, Sheng said.

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Beijing lodges protest o上海419s meeting withparatists

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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.

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and Daisy, respectivel上海419y Chen and actres

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Domestic celebrities can enhance the viewing experience when they make ch

aracters in overseas animations sound local, but things can sometimes go wrong.上海419

At a giant venue at Beijing’s 751 Park, a stage was decorated like a replica of an apartment building in New York.

Then, a few minutes after the event host appeared from the door, three windows opened, with

上海419品茶微信comedian Chen Peisi, actor Feng Shaofeng and Taiwan singer-actress Amber Kuo appearing from them.

Each of the guests then hugged a furry creature resembling the an

imal characters they perform in the voice-overs for the upcoming Hollywood an上海419

imation sequel The Secret Life of Pets 2, which will open across the Chinese mainland on Friday.

上海419品茶微信In the film, Chen is the voice of the conceited rabbit Snowball, while Feng dubs t

he canine protagonist Max, and Kuo lends her voice to Gidget, a white Pomeranian.

As well as the three celebrities, the film also features renowned director Feng Xiaogan上海419

g and actress Ma Li, who lend their voices to two of the major animal characters in the Mandarin version.

At a news conference held in the Chinese capital on June 25, the stars tried to strike

上海419a chord with local audiences through sharing personal stories about raising pets.

Meanwhile, latest data from the box-office tracker Maoyan showed that the Universal Pictures and Illumination Entert上海419品茶微信

ainment production has topped the presale box-office charts for animation features as of Friday.

Comments on review aggregator Douban, an important reference point for fans to select their weekend viewing, also suggest上海419

ed that the film had drawn the highest number of potential theatergoers for its opening day.

For most industry observers, the film typifies the latest efforts by foreign animati上海419品茶微信

on productions to grab attention in China, the world’s second-largest movie market.

上海419Jiang Yong, a Beijing-based analyst, says that using Chinese celebrities for the Mand

arin voice-overs is a pivotal part of the local marketing strategy for imported animation films.

“And, despite the fact that most adult viewers, especially those in their 20s or 30s, are used to watching native language orig上海419品茶微信

inals with subtitles, the Mandarin version is the top option for families with young children,” adds Jiang.

But while stars can boost ticket sales, some of them have also sparked contro

versy, mostly due to skepticism surrounding their inadequate voice-over techniques.

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Ngan said Vietnam st上海419ady to work with China

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follow as guidance the strategic consensus reached by the

leaders of the two parties and the two countries, firmly support each other on the socialist path, carry

上海419品茶微信forward the traditional friendship, deepen mutually beneficial cooperation, and effectively manage differences, so as to pu

sh forward their bilateral comprehensive strategic partnership of cooperation.

Ngan paid a visit to China from Monday to Friday at the invitation of top Chinese legislator Li Zhanshu.上海419

China said on Friday that, in order to safeguard its national interests, it will impose san

上海419品茶微信ctions on United States companies taking part in a $2.2 billion sale of military equipment to Taiwan.

The US arms sale infringes on China’s sovereignty and national security, Foreign Ministry spokesman Geng Shuang said in an online statement.

Geng added that the sale also seriously violates international law and the basic norms of上海419品茶微信

international relations, as well as the one-China principle and three China-US joint communiques.

上海419hina’s foreign trade remained stable growth in the first half of this year by expand

ing 3.9 percent year-on-year, the General Administration of Customs (GAC) said Friday.

Total foreign trade volume reached 14.67 trillion yuan ($2.14 trillion) in H1. Export expanded 6.1 percent while import rose 1.4 percent, GAC data showed.上海419

China saw its trade surplus widen by 41.6 percent year-on-year to 1.23 trillion yuan during the same period.

上海419品茶微信China imported more major commodities in the first half of this year.

The country’s imports of crude oil climbed 8.8 percent year-on-year to 245 million tons during the period.

A total of 46.92 million tons of natural gas were imported during the period, up 11.6 perc

ent from one year earlier. Imports of coal increased 5.8 percent year-on-year to 154 million tons.上海419

上海419品茶微信However, iron ore imports during the Jan-June period declined 5.9 percent to 499 mil

lion tons. Soybean imports also went down 14.7 percent year-on-year to 38.27 million tons.

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Guo Rui, a professo 上海419r of international relations at Jilin

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University, said, “Although the DMZ meeting has created significant momentum that will help restart a change on the Korean Peninsula, as sanctions will remain in place, chances are

 上海419品茶微信not high that the meeting will lead to a major change in the short-term trajectory of denuclearizing the peninsula.”

One of the most encouraging signs that emerged from the meeting between President Xi Jinpi

ng and US President Donald Trump on the sidelines of the G20 Summit in Osaka on Saturday was the s 上海419

oftening of Trump’s stance on the sanctions the US administration had imposed on Chinese telecommunications equi

pment provider Huawei. Trump said US companies can continue selling telecom components to Huawei. 上海419

If US companies indeed continue selling telecom components to Huawei, it will come as a big relief to the world at a time when th

e international community fears the “technology decoupling” of world’s largest and second-largest economies could u 上海419品茶微信

ndermine global technological development, especially the commercialization of 5G technology, in which Huawei is a leading global player.

Previously the US administration was reportedly mulling banning 5G telecom equipment designed and manufactured in China, includin 上海419

g those made by multinational companies such as Ericsson and Nokia, from the US market.
The fact is, as a global leader in 5G, Hu

 上海419品茶微信awei is too big to fail. After the US administration banned American companies from selling chips to Huawei an

d other Chinese companies, Silicon Valley has suffered as much, if not more than, Huawei. Besides, some companies co

ntinued to supply chips to Huawei via their overseas branches in order to avoid violating the US ban. 上海419品茶微信

Hopefully, the Xi-Trump meeting and the likely resumption of trade talks between China and the U

S will prompt Washington to adopt a consistent and the right approach toward Chinese high-tech co

mpanies, not least because China tends to treat all companies, domestic as well as foreign, equally. 上海419品茶微信

For example, with research and development centers and manufacturing bases in China, Er

icsson and Nokia have won big contracts in the just launched bid for 5G network devices. These companies hav

e been supplying to markets and serving telecom operators and enterprises across the globe, by capi

talizing on China’s skilled workforce, world-class infrastructure and complete industrial chain.

Yet, if the US does not lift the ban, such companies would have to endure higher production co

sts. They could even be forced to transfer their businesses out of China, although both Ericsson and Nokia cl

aim they can operate production bases in other countries despite the higher costs, due to the flexible supply chain.

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hina, Germany voiceeralismresident Xi Jinp

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OSAKA, Japan- Chinese President Xi Jinping met with German Chancellor Angela Me上海419

rkel here Friday, with both sides calling for upholding multilateralism.Dur

ing a meeting on the sidelines of a summit of the Group of 20 major economies i上海419

n the Japanese city of Osaka, the two leanping shakes hands with German Chancellor Angela

While the direction of denuclearizing the peninsula should be upheld, Xi said, the DPRK’s legitimate concerns should be addressed as well.上海419品茶微信

Xi made a state visit to the DPRK last week. During the visit, he and DPRK top leader K

imn-Jong-un agreed to push for the political settlement of the nuclear issue on the Kor上海419ean Peninsula to promote regional stability.

Merkel on the sidelines of the G20 summit上海419

in Osaka, Japan, June 28, 2019.ders also agreed to discuss cooperation within the framework of the Belt and Road Initiative and

strive for  conclusion of the negotiations on the China-European Union bilateral investment treaty next year.

eijing supports Washington and Pyongyang in holding another leaders’ summitor progress on the poli上海419

tical settlement of the nuclear issue on the Korean Peninsula, President Xi Jinping said on Thursday.

Xi made the remark while meeting with Republic of Korea President Moon Jae-in in Osaka, Japan.上海419

The Chinese president said the United States and the Democratic People’s Re

public  of Korea both need to be flexible in order to make headway in their dialogue.上海419

S President Donald Trump and the DPRK’s top leader Kim Jong-un walk together during their summit in Singapore, JuneRecalling the visit, Xi said the overriding

y address the legitimate concerns of respectiarties by following a phased approach with synchronized steps, Xi said.

He urged the ROK to work with China to step up efforts to push for negotiations between the DPRK and the US.

Moon highly commended Xi’s visit to the DPRK, saying the visit has made significant contributions to bu上海419

ilding the momentum of dialogue on the peninsula issue, as well as promoting peace and stability on the peninsula.

Seoul remains committed to improving relations with Pyongyang and stands ready to strengthen cooperation with Beijing on the issue, Moon said.

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Visit solidifies joint wil上海419品茶微信tlement of Korea

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President Xi Ji上海419品茶微信nping talks with Democratic People’s Republic of Korea top leader Kim Jong­un in Pyon

gyang on Friday. Several paces behind them are Xi’s wife, Peng Liyuan (left), and Kim’s wife, Ri Sol­ju

President Xi Jinping said on Friday that his visit to the Democratic People’s Republic of Korea demonstrated the two countries’ firm will to advance the po

litical settlement of the Korean Peninsula issue and to promote lasting peace and security in the region.

Xi, also general secretary of the Communist Party of China Central Committee, made the remark while meeting with Kim Jong-un, chairman of the W

orkers’ Party of Korea and chairman of the State Affairs Commission of the DPRK, in Pyongyang. Xi wr

apped up his two-day state visit to the DPRK on Friday.General Secretary of the Central Committee of the Communist Pa

rty of China (CPC) and Chinese President Xi Jinping and his wife Peng Liyuan talk with Kim Jong-un, chairman of t

he Workers’ Party of Korea (WPK) and chairman of the State Affairs Commission of the Democratic People’s Repu

blic of Korea (DPRK), and his wife Ri Sol-ju at the state guest house in Pyongyang, capital of the DP

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During clashes that happened near the Legislative Coun

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ncil Compl上海419品茶微信ex in Admiralty, Hong Kong Island, radical protesters refused to

leave the site after midnight despite police officers’ repeated calls to leave. The protesters later att

acked police officers and blocked the roads. At least three police officers and one journalist were hurt.

The unauthorized assembly ended around 6 am, after the law enforcement action.

Meeting the media hours later, Lam noted the government would not withdraw its proposal on amending the ex

tradition law, as it is an effective way to prevent Hong Kong from being a haven for fugitives.

But she also promised more work would be done to enhance the bill, which would go th

rough a second reading at the SAR’s Legislative Council on Wednesday as scheduled.

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hina plans to boost rural development via digital technologies

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China plans to promote the applications of digital technologies in rural areas to boost local development.

As a step towards rural modernization and transformation, digital rural development play

s a crucial role in rural revitalization and building a digital China, according to the guideline jointly issue

d by the general offices of the Communist Party of China Central Committee and the State Council.

The country has vowed to achieve initial development of buildin

g digital villages by 2020, with 4G internet accessible to more than 98 percent of the adm

inistrative villages and the digital economy growing rapidly in rural regions, the guideline said.

With the upgrading of internet technology, 2025 will see a n

otable narrowing of the urban-rural digital gap, the establishment of various ent

repreneurial and innovation centers in rural areas, and an intellectual rural logistics system.

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died and 24 were injured in a fire in Guilin, the Guangxi Zh

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According to a news release from the local fire department, the battery of an electric bicycle parked beside a building for s

tudents ignited, starting the fire. The incident is still being investigated and some people have been detained.

This is not the first fatal fire caused by an electric bicycle. In December 2017, five people were killed and nine injured when an electric bike started a fire in Beijing, and

in July last year, one person was killed and another injured in Wuxi, Jiangsu province. In fact, type “electric bicy

cle” and “fire” into any online searching engine and you will get hundreds of pages recording them.

How could that happen?

The all-too fast expansion of the industry is to bla

me. There are already 300 million electric bicycles in China, roughly one for every four persons.

However, when it comes to charging the bikes, a big proble

m has emerged. As a growing number of people live in residential buildings without separa

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