There is a need to cultivate and expand the middle

There is a need to cultivate and expand the middle

income grou上海龙凤1314品茶微信p, too. By speeding up the industrial structural adjustment, transformin

g the development model, promoting steady economic growth, and increasing social wealt

h to make a big cake, China can pull more people out of poverty, prevent polarization of social wealth and give peo

ple access to equitable choices and public resources, which are conducive to expanding the middle-income group.

As such, the country should vigorously advance new type of urbanization and modern agricultur

e, make greater efforts to narrow the urban-rural gap, build a modern industrial system and raise the co

ntribution rate of industrialization to social development and take steps to increase people’s incomes.

Development of service sector very important

Equally importantly, China should develop the service secto

r-including financial securities and modern logistics services, and the information technology and c

ultural industries-so that it can absorb surplus labor and promote the transformation of the country’s social and

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The 5G licensing will be a significant boost to the do

The 5G licensing will be a significant boost to the do

omes上海龙凤1314女神会所tic economy as it will drive the transformation and upg

rading of the real economy, promote 5G applications in various fields including

manufacturing and agriculture and boost growth of the digital economy,” said Wang Zhiqin, head of IMT2020 (5G) Pro

motion Group, a team established by the ministry to accelerate the development of 5G in China.

“Issuing licenses for China Broadcasting Network Corp, the fourth

5G carrier, will help build a next-generation communication network,” Wang added. “Gr

anting four 5G licenses is conducive to fostering rational competition and investment in the market.”

She said the ministry will take key measures to promote 5G application, stren

gthen industrial management, better allocat上海龙凤1314女神会所e resources, encourage companies to part

icipate in 5G-network construction and further integrate 5G with vertical industries.

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Despite headwinds from the trade tensions, global investors

Despite headwinds from the trade tensions, global investors

s are still optimistic about China’s economic prospects, said Z

hang Zhiwei, Deutsche Bank’s chief China economist and head of China equity strategy.

Foreign investors believe that China has enough policy tools to offset short-term downside pressure, while th

e financial risks are under control as the country’s debt level has shown signs of stabilizing, Zhang said.

China’s overall debt-to-GDP ratio had dropped to 249.4 percent by the

end of 2018, 1.5 percentage points lower than a year earlier, according to the PBOC.

If trade tensions escalate further, more opening-up policies in the sectors of medical care

and education will help boost global investors’ confidence in the Chinese economy, Zhang added.

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Chen said the US is “disrupting the world order, weaken

Chen said the US is “disrupting the world order, weaken

Stephen Roach, a faculty member at Yale University and former chairman of Morgan

Stanley Asia, said the US government “blamed others for economic problems that are very much of its own making”.

There are plenty of realistic options for resolution between the two co

untries, Roach said in a recent article contributed to Beijing-based think tank China Watch. For

instance, he suggested, the US and China should take the lead in forging a global cyber accord.

“While additional tariffs from both US and China

will weigh on China’s growth outlook, we expect policy measures to offset so

me of the negative impacts,” said Tommy Wu, a senior economist at Oxford Economics, a British think tank.

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One standard goal is to create a “level playing field” so

One standard goal is to create a “level playing field” so

 that foreign companies can compete against domestic companies in each country.

In the past several months, China has announced and started to implement a “negative list” program

that allows foreign companies to have 100 percent ownership in investments in all areas of the ec

onomy, except for a small number of areas, such as telecoms and defense, that are explicitly prohibited.

Also, foreign investment has been simplified by creating a

one-stop regulatory shop and a single application process.

These new policies will lead to greater competition within China, forcing Chi

na’s companies to become more efficient and to produce higher quality products.

The Chinese government has also recently announced tax cuts and financial regulation

s designed to help private companies. This will hasten the ongoing transition to a market-driven economy.

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Short-video apps such as Douyin and Kuaishou offer maj

Short-video apps such as Douyin and Kuaishou offer maj

major platforms for them to learn about the outside world. They also l

ike to use social networking platforms such as Pinduoduo and WeChat, on which they can bu

y products, socialize with friends, learn about the latest fashion trends and make purchases, Yu said.

“For example, Pinduoduo asks consumers to invite friends to join the platform, to help r

educe prices, which can be a good way of obtaining new customers and retaining them,” he said. “C

onsumers also like purchasing activities that can strengthen connections with friends.”

Sun said that because they face less work pressure and shorter commuting time, small-town youths have more free time com

pared with their peers in big cities. They mainly spend this time online or getting together with friends.

Some 88.7 percent of small-town youths surf the internet, 80.6 percen

t hang out with friends, and 60 percent watch movies, according to Sun’s report.

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In spite of objections from his family, Zhang chos

In spite of objections from his family, Zhang chos

 to start a photography studio in Beijing in 2011 rather than find a steady job.

“It takes a long time for people to understand this profession. Now with online promotio

n, I have been receiving more and more orders,” he said. “The clients now have to wait until next year for a

n appointment.”An evening gala was staged for the opening ceremony of the 2019 Beijing International Horticultural Exhi

bition in the capital’s Yanqing district on Sunday. The Chinese traditional dance performance used holo

graphic projection to present flying butterflies over the stage, and featured some segments of Kunqu Opera.eijing aut

horities have prepared an overall traffic plan to better serve visitors to the International Horticultural Exhibition 2019

Beijing that opened to public on Monday and is expected to attract more than 16 million tourists.

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There is some merit to raising capital,” said Chief Exec

There is some merit to raising capital,” said Chief Exec

cutive Elon Musk on a call discussing the results. “It’s probably about the right time.”

He also said he would prefer Tesla to be private but “that ship has sailed.”

The company which is ramping up production of its Model 3 electric sedan, the vehicle Tesla sees as the key to future succ

ess, stood by its 2019 delivery forecast of 360,000 to 400,000 vehicles and said it may produce as many as 50

0,000 vehicles if its factory in Shanghai reaches volume production in the fourth quarter.

Tesla said it would make a loss in its second quarter but predicted a return to profit in the third.

Musk said that global deliveries were “the most difficult logistics problem” he had ever seen.

Haris Anwar, senior analyst a financial markets platform Investing.com, called guida

nce for the second quarter “bleak”. “I continue to see a very volatile 2019 for Tesla and its shares,” Anwar said.

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The Shanghai Pilot FTZ will be the first to lift forei

The Shanghai Pilot FTZ will be the first to lift forei

ign ownership limits on banks and financial asset management firms and strive for the first l

anding of new financial business licenses for licensed financial institutions, Shanghai Securities News reported.

With 3.85 percent of the country’s land, the Yangtze River Delta region produced nearly one-fourth

of China’s GDP and one-third of its tax revenue. With the building of a new FTZ in the region, mega-city clusters will be an important condui

t for high-quality development, according to a report from RMB To Global, a reminbi trade and research institute.

Tsinghua University made an announcement Wednesday that it will strictly p

unish academic dishonesty in serious cases, to further enforce academic integrity.

The announcement made by the prestigious university, a top institution in China, detaile

d the revised punishments, ranging from warnings and demerits to probation and expulsion.

According to the new rules, those involved in plagiarism, fabrication of data and research conclusions, gho

stwriting and peer-review manipulation shall be given a demerit or more severe punishments.

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The program will help them explore new education

The program will help them explore new education

ncepts, modes and methods and form new teaching characteristics

and styles, encouraging them to be leading talents in basic education.

They will play an exemplary and leading role in driving local rural teachers to improve their level of education and teach

ing, and consequently improve the quality of rural education in the central and western regions.

Institutions and individuals are prohibited from using overs

tatements and misleading words implying their my

opia treatments could cure the eye disease, according to a notice released Wednesday.

The words such as “full recovery”, “a cure for shortsightedness” and “to c

onquer myopia” could not be used in the advertisements, according to the notice ca

lling for greater oversight of the industry of myopia prevention and treatment.

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