Month: August 2019
iorities for China’s foreign exchange reserve strategy, according to the SAFE annual report last year. “Pu
tting such a large bulk of reserves into different baskets, and building optimized asset port300元微信红包群无押金千花坊女神会所
folios, can hedge risks and secure the assets’ value and profit,” the report said.
To better control potential risks, SAFE has introduced “counter-cyclical” policies to prevent adverse situations arising. Acco
300元微信红包群无押金千花坊rding to the report, the major risks are listed as “credit”, “market”, “liquidity” and “operational”.
The past five years have been the hottest on record in Asia and the Pacific. Unprece
dented heatwaves have swept across our region, slowly leading to disasters such as drought.300元微信红包群无押金千花坊
Yet heat is only part of the picture. Tropical cyclones have struck new, unprepared
parts of our region and devastatingly frequent floods have ensued. In Iran, they affected 10 million p
300元微信红包群无押金千花坊女神会所eople this year and displaced 500,000, of which half were children. Bangladesh is experiencing its fourth wave of
flooding in 2019. Last year, the province of Kerala in India faced the worst floods in a century.
This is the new climate reality in Asia and the Pacific. The scale of forecast economic losses for the region is sobe300元微信红包群无押金千花坊
ring. Including the slow onset of disasters, average annual losses until 2030 are set to quadruple to about $675
billion, compared with previous estimates. This represents 2.4 percent of the region’s GDP.
Economic losses of such magnitude will undermine both economic growth and300元微信红包群无押金千花坊女神会所
our region’s efforts to reduce poverty and inequality, keeping children out of scho
ols and adults of work. Basic health services will be undermined, crops destroyed and food security jeopardized. If
we do not act now, the Asia-Pacific’s poorest communities will be among the worst affected.300元微信红包群无押金千花坊
Four areas of Asia and the Pacific are particularly vulnerable, hotspo
ts which combine vulnerability to climate change, poverty and disaster risk. In trans-c
300元微信红包群无押金千花坊女神会所ountry river basins in South and Southeast Asia such as the Ganges-Brahmaputra-Meghna river basin, floods
alternate with prolonged droughts. In Southeast Asia and East and Northeast Asia earthq
uakes, tsunamis and landslides threaten poor populations in the Pacific Ring of Fire.
e to coerce China into reaching a deal on his terms if more pain can be inflic
300元微信红包群无押金千花坊女神会所ted on the country through use of even higher tariffs. “China should not retaliate — will o
nly get worse!” he tweeted on Monday after raising tariffs on $550 billion in Chine
se imports. It sounds like he wants to push the “war of attrition” forward, even at the cost of US businesses.300元微信红包群无押金千花坊
Hopefully, the US companies’ pleas for a truce — in the form of their ap
plications for license to continue business as usual — will incentivize Washin
300元微信红包群无押金千花坊gton to have second thoughts on the future relations between the world’s two largest economies.
Experts say restoring order key to halting economic damage and global spillover
Leading financial agencies, economists worldwide and Hong Kong officials have issued f300元微信红包群无押金千花坊女神会所
resh warnings on the city’s potential for recession and the spillover effects on the global economy, as the mon
thslong turmoil in the key trade hub continues to dampen market confidence and disrupt business operations.300元微信红包群无押金千花坊
They say that ending violence and resuming social order is the
300元微信红包群无押金千花坊top priority amid early signs that global economic prospects could plummet.
In the latest escalation of violence, protesters used weapons including gasoline bombs to attack the police over t
he weekend, destroyed shops in the city and sabotaged the innovation, science and technology sectors, Hong Kong Special300元微信红包群无押金千花坊女神会所
Administrative Region Chief Executive Carrie Lam Cheng Yuet-ngor told a news conference on Tuesday.
300元微信红包群无押金千花坊The SAR’s exports in July saw a year-on-year drop of 5.7 percent, while imports in the same period plummeted 8.7 percent,
the SAR government’s Census and Statistics Department disclosed on Monday.
Japan’s leading brokerage, Nomura Securities, said in a research note on Monday, “We are con300元微信红包群无押金千花坊女神会所
cerned that the ongoing political tensions in HK are now affecting the key pillars of the economy (s
uch as retail sales, tourism, property prices) and thus the outlook of corporate earnings.”
Headquarters in Beijing says move is a blow to bilateral education cooperation
The Confucius Institute Headquarters said it deeply regrets a decision by the education department in Australia’s most p300元微信红包群无押金夜生活
opulous state to end a Chinese-language education program in its public schools and ho
300元微信红包群无押金夜生活女神会所pes the New South Wales government will not politicize normal bilateral cooperation in education.
“We hope the NSW government will give more consideration to the negative infl
uence of closing the Confucius program on the state’s Chinese language education300元微信红包群无押金夜生活
and its education cooperation with China,” the Confucius Institute Headquarters said in a statement on F
riday, adding it would take necessary measures to safeguard its rights and interests.300元微信红包群无押金夜生活女神会所
In May last year, the department ordered a review of foreign government or o
300元微信红包群无押金夜生活rganization support of language education in NSW government schools.
Though no evidence of “actual political influence” was found by
the review, it said the Confucius Institute established within the department “300元微信红包群无押金夜生活女神会所
is or could be facilitating inappropriate foreign influence in the department”.
The department said it had decided to end its cooperation with the Confucius Institute pr300元微信红包群无押金夜生活
ogram at the end of the 2019 school year, which would terminate the Confucius Classroom prog
300元微信红包群无押金夜生活女神会所ram in 13 public schools across Sydney and on NSW’s mid-north coast.
Instead, the NSW Department of Education will invest A$1.2 million ($810,0
00) to continue teaching the Chinese language in the 13 schools, it said, adding tha300元微信红包群无押金夜生活
t 15 percent of the pupils learning Chinese in NSW public schools were doing so in Confucius Classrooms.
The Confucius Institute Headquarters, which is based in Beijing, said the program wa300元微信红包群无押金夜生活女神会所
s established in the spirit of mutual respect, friendly consultation, equality and reciprocity. It also said the co
operation involved was open and transparent and adhered to laws and regulations.
?percent of consumption in China occurs at night. In the past three years
, the country’s nighttime consumption has grown by 17 percent on average.300元微信红包群无押金千花网女神会所
Authorities nationwide recently unveiled plans to “light up” cities after dusk. In Beijing, a series of policies were rolled
300元微信红包群无押金千花网out last month to encourage after-dusk economic activities, including extending the oper
ating hours of several subway lines every Friday, Saturday and Sunday, and later closi
ng hours at tourist spots, museums, sports grounds and art galleries.Longer hours300元微信红包群无押金千花网女神会所
This month, Shanghai announced a list of cultural activities and tour routes, with 10
5 scenic spots, art galleries, museums and memorials across the city extending their
300元微信红包群无押金千花网business hours, or presenting special late-night shows or night-tour programs.
Convenience store chain Bianlifeng, which was established in Dece
mber 2016, has already benefited from 24-hour operation at all its more than 800 outlets.300元微信红包群无押金千花网
Zhou Zhou, director of the company’s daily distribution operation
s, said nighttime consumption has great potential, and all Bianlifeng outlets have
300元微信红包群无押金千花网女神会所performed well after dusk. He cited a store near the Third North Ring Road in Bei
jing, whose post-10 pm sales account for about 30 percent of those for the entire day.
“In areas such as Zhongguancun, where there are many internet enterprises, convenie300元微信红包群无押金千花网
nce stores act as late-night canteens for company employees who frequently work late,”
he said. “In some stores, the number of consumers at about midnight will account for 25300元微信红包群无押金千花网女神会所
percent of the peak in the daytime. A majority of them are born after the 1990s.”
However, Zhou said that while nighttime consumption in the bustling business district is strong, in s300元微信红包群无押金千花网
ome communities, people are still not aware of the benefits of buying after dark.
Jiang said China has obvious advantages in developing it300元微信红包群无押金千花网女神会所
s nighttime economy, with high security levels in cities at nig
ht and a large number of consumers. But such development is still in the early stages.
China won’t give in to extreme pressure by the United States on tariffs and will firml
y defend its core interests, as it has sufficient countermeasures available, experts said.300元微信红包群无押金419品茶微信
The reaction came after the Ministry of Commerce expressed strong opposition on Saturday
300元微信红包群无押金419to a new threat of additional tariffs by the US on about $550 billion worth of Chinese imports. The ministry urge
d Washington to reverse course immediately or be prepared to “bear all the consequences”.
The fresh retaliatory threat by the US violates the consensus reached between the count300元微信红包群无押金419品茶微信
ries’ top leaders and severely undermines the multilateral trading system and normal international trade o
rder, the ministry said, adding that Washington will eat the bitter fruit of its own actions.
300元微信红包群无押金419Gu Xueming, head of the ministry’s Chinese Academy of International Trade and Economic Cooperation, said none of the ex
treme pressure tactics and intimidation by the US will work with China, which will unswervingly protect itself.
In the future, the country’s countermeasures will be more rational, firmer and more powerful, Gu said at a seminar in Beijing on Sunday.300元微信红包群无押金419品茶微信
Noting that cooperation is the only correct choice, Gu said he hoped the US will see the situation clearly, give up its illu
sions and resolve its differences with China under the principle of mu300元微信红包群无押金419
tual benefit and respect. Any agreement must be acceptable to both sides, Gu said.
Bai Ming, a senior researcher at the acad
300元微信红包群无押金419emy, said China has sufficient tools in its toolbox to use to counter the US adm
inistration’s unilateral tariff actions. The “quality” of the tools matters most, he said.
On Friday, the US administration said it will hike duties on $250 billion worth of Chinese300元微信红包群无押金419
goods from the current 25 percent to 30 percent beginning on Oct 1, and the re
maining imports of $300 billion from the previously planned 10 percent to 15 percent on Sept 1.
The move followed Beijing’s plan on Thursday to raise300元微信红包群无押金419品茶微信
tariffs on $75 billion worth of US goods in a response to the US side’s planned levies on a
n additional $300 billion worth of Chinese imports, announced earlier this month.
the full pricing-in of opinions from bulls and bears, an uptrend wi
h fluctuations, and a return to rationality,” the SSE said in the announcement.300元微信红包群无押金夜生活
Relaxed price fluctuation limits have enabled the STAR Market stocks to be more timely priced, leading to higher p
ricing efficiency than the main board, according to analysts from Shenwan Hongyuan Securities.
300元微信红包群无押金夜生活女神会所Securities regulators lifted price fluctuation limits for STAR stocks in their first five trading days, and thereafter a 20 pe
rcent daily price fluctuation limit is effective, versus a 10 percent limit on the main board.
Analysts expect trading on the STAR Market to become more rational in the medium term, with valuation levels to bet300元微信红包群无押金夜生活
ter reflect company fundamentals. Firms with strong fundamentals may sustain high
valuations, while weaker ones may see a marked divergence in stock price performance.
The market-oriented initial public offering mechanism300元微信红包群无押金夜生活女神会所
of the STAR Market, or the registration-based IPO system, also showed its effect, with the 28 STAR li
stings’ price-to-earnings ratios of offer price varying from 18 to 269, according to SSE data.300元微信红包群无押金夜生活
This marked a difference from the main board, where almost all new offerings are p
riced at a maximum of 23 times earnings under the approval-based IPO system.
300元微信红包群无押金夜生活女神会所The SSE also disclosed that during the first trading month of the STAR Market, it strengthened
supervision on illegal trading and dealt with eight cases of abnormal trading behavior on the new board.
No-go areas for gasoline vehicles to spur new energy sector’s development300元微信红包群无押金夜生活
China is encouraging local authorities in regions with appropriate conditions
to set up no-go zones for gasoline cars and use more new energy vehicles for public trans
port, which analysts and industry insiders say will help boost the industry’s development.300元微信红包群无押金夜生活女神会所
“Regions with ripe conditions have our support if they establ
ish trial projects to establish no-go zones for gasoline-powered vehicles
and replace such vehicles with new energy vehicles in the urban public transport system,”
said the Ministry of Industry and Information Technology in a statement on its website on Tuesday.
The typhoon also halted ferry services between Xiamen and Kinmen in Taiwan, and between
Pingtan and Taiwan’s Taichung. A total of 124 flights have been canceled at Xiamen airport.300元微信红包群无押金夜生活女神会所
South China’s Guangdong province launched a level-IV emergency response, the
300元微信红包群无押金夜生活lowest level, for strong winds. The provincial agriculture and rural affairs depart
ment issued a notice requesting fishing vessels in related waters to return to harbor for shelter.
The Guangdong Power Grid Corporation has deployed more than 300 power generatio300元微信红包群无押金夜生活
n vehicles and over 400 sets of satellite communication equipment for emergency repair.
China firmly opposes the United States’ new threat to impose additional tariffs on about $550 billion
300元微信红包群无押金夜生活worth of Chinese imports, a spokesperson of the Ministry of Commerce said on Saturday.
In a brief statement, the ministry said the US act is unilateral, trade protectionism, and using maximum pressure.
It violates the consensus reached between the top leaders of the two co300元微信红包群无押金夜生活女神会所
untries, severely undermines the multilateral trading system and normal internat
ional trade order, and Washington will eat the bitter fruits of its own action, the ministry said.
“Such unilateral and bullying acts of trade protectionism and extreme pressure ru300元微信红包群无押金夜生活
n counter to the consensus of the heads of state of China and the United States, and run
counter to the principles of mutual respect, equality and mutual benefit,” the spokesperson said.300元微信红包群无押金夜生活女神会所
The ministry urged Washington to immediately stop its wrongful deeds, otherwise it will “bear all the consequences.”
The ministry warned the US administration not to misj
300元微信红包群无押金夜生活udge the situation, nor to underestimate the determination of the Chinese people.
“China strongly urges the United States not to misjudge the situation, or underestimate the determination of the C
hinese people. It must immediately stop its erroneous practices, or bear all the consequences,” the spokesperson said.A g300元微信红包群无押金夜生活女神会所
irl does homework in an air-raid shelter at People’s Square in Chongqing, Southwest Chin
a, Aug 24, 2019. The air-raid shelters, once used to protect Chongqing residents from air attac
ks during wartime, have turned out to be an ideal place to escape from the scorching heat.
System disruption hit Malaysia’s Kuala Lumpur International Airport (KLIA) cont
inued into Friday with the airport operator taking steps to solve the disruption.300元微信红包群无押金419品茶微信
Malaysia Airports Holdings Berhad (MAHB), the company which manages most of the
300元微信红包群无押金419country’s airports including KLIA, said in a statement that all 38 remote bays at th
e main terminal were not able to proceed to the scheduled gates as they were still being occupied.
The operator had also provided additional buses to ferry passengers between the remote bay300元微信红包群无押金419品茶微信
s and the main terminal at the airport’s carpark.
“This is to ease the flow of passengers at the gates affected by the dela300元微信红包群无押金419
yed flights. We had also extended the operating hours at all our other airports nation
wide last night in order to cater to the delayed departing flights from KUL,” the statement said.300元微信红包群无押金419
“Please be informed that MAHB has made various efforts to improve the situation
300元微信红包群无押金419品茶微信including replacement of the defective hardware and MAHB has extended its working hours to resolve this
problem,” Malaysian Transport Minister Anthony Loke Siew Fook said in a statement.
300元微信红包群无押金419The disruption started on Wednesday night in several airport systems such as WiFi connection, Flight Information Disp
lay System (FIDS), check-in-counters and the Baggage Handling Systems (BHS).
Thousands of travelers have been affected with 20 flights being delayed, includ300元微信红包群无押金419品茶微信
ing 18 international flights.Queensland Premier Annastacia Palaszczuk is
seen during a media conference at Brisbane Airport in Brisbane, Queensland, Australia, Sept
against the US government’s trade bullying moves, said Zhang J
ianping, a researcher at the Chinese Academy of International Trade and Economic Coope?300元微信红包群无押金419论坛女神会所
ration of the Ministry of Commerce. Zhang spoke at a recent seminar in Beijing.
?300元微信红包群无押金419论坛Jiang Yuechun, director of the World Economic and Development D
epartment of the China Institute of International Studies, said China “has cards in its han
ds” in both hardware and software areas, but it has been weighing their timing and necessity.?300元微信红包群无押金419论坛
Jia Xiudong, a research fellow at the China Institute of International Studies, said despi
te headwinds, China can achieve high-quality development, and the fundamentals of the country’s eco
nomy are strong. “In the future, the resilience of the economy will be further released,” he said.?300元微信红包群无押金419论坛女神会所
In response to the capricious US administration, China will maintain strategic strength, Jia said. The country will
?300元微信红包群无押金419论坛make enhanced efforts to boost scientific and technological innovation no matter how the situation changes, he said.
Huawei Technologies Co said Friday that it would consider using RISC-V, an open-source chip architecture, if the US gove
rnment continues restricting its access to the latest technologies from the UK firm ARM Holdings for a long time.
Xu Zhijun, rotating chairman of Huawei, said in an interview in Shenzhen, Guangdong?300元微信红包群无押金419论坛女神会所
province, that the company has already obtained the perpetual license to ARM’s V8 architecture technol
ogy, so the US government ban does not affect its current launch schedule of chips.
?300元微信红包群无押金419论坛”If ARM’s new technologies are not available in the future, we can a
lso use RISC-V, an architecture which is?open to all companies. The challenge is not insurm
ountable,” Xu said.Huawei uses ARM’s architecture to design many of its chips for smartphones, servers and other applic
ations. But Washington banning Huawei from accessing any technologies originating in the US without special gove?300元微信红包群无押金419论坛女神会所
rnment approval has restricted its ability to use ARM’s technologies. Though ARM is based in
the UK, some of its crucial technologies are developed in the US and it has to comply with the US ban.
s of the number of listed companies, invention patents granted, traffic and location, public resources (including qualit