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utional investors, gradual proliferation of product development, and initial signs of fee reductions have been driving the future gr
上海龙凤419owth of China’s ETF market,” said Ray Chou, a partner with Oliver Wyman and co-author of the report.
For example, the E Fund ChiNext ETF, the biggest ETF that tracks the startup board in Chi
na, has seen increases in the number of institutional and retail investors holding上海龙凤419品茶微信
shares, with more than 480 percent and 340 percent growth from 2017 to 2018, respectively.
He suggested that fund management companies develop differentiat
上海龙凤419ed propositions to address investor needs, with pensions being a particularly prom
ising area thanks to the philosophy of long-term investment commitment and stable returns.
China offers consumers three ways to save for retirement – the national pension sys上海龙凤419品茶微信
tem, voluntary occupational pensions, in the form of annuities and covering only a min
上海龙凤419品茶微信ority of the population, and private savings, said Fang Lianquan, a researcher at the Cen
ter for International Social Security Studies of the Chinese Academy of Social Sciences.
“With regulators giving the green light to pension targeted securities investment funds last year, targeted security investm上海龙凤419
ent funds, which fall into the third category, are quickly gathering pace in China,” Fang said.
上海龙凤419″In China the retirement or pension market is on the rise. As regulators started to en
courage commercial pensions, that’s definitely an area that players should look into,” Chou noted.
A report from the Chinese Academy of Social Sciences released la上海龙凤419品茶微信
st year said that the pension gap in China would expand to 890 billion
上海龙凤419yuan by 2020, but the nation’s younger generation seemed ill-prepared for their later years.
According to a survey jointly conducted by investment fu
nd Fidelity International and internet giant Ant Financial last A上海龙凤419品茶微信
ugust, Chinese people aged between 18 and 34 believed they need at least 1.63 million
yuan for a comfortable retirement. But in fact, they have average monthly savings of only 1,339 yuan per capita.
enness has helped build comprehensive partnerships both with developing and developed economies. Besides, the AIIB has
上海乌托邦品茶微信set the bar at par with other multilateral development institutions and forged a good working relationship wit
h them including the World Bank, ADB and the European Bank for Reconstruction and Development.上海乌托邦
The governance structure and decision-making process of the AIIB are based on multilateralism.
上海乌托邦品茶微信And despite China theoretically having a veto on significant issues by virtue of being the largest (ab
out 30 percent) shareholder, it has never used it even once－and would never use it without reason.
China has helped establish the AIIB to facilitate global development and regional con上海乌托邦
nectivity. And through the AIIB, China has been promoting constructive reforms in the global fin
上海乌托邦品茶微信ncial system and development institutions, without having any intention to replace them.
And fourth, the AIIB blueprint focuses on cautiously but professionally advancing development in a
ccordance with international standards, particularly because risk-aversion is the first rule of intern上海乌托邦
ational finance and it would be irresponsible to carry out random “social experiments” in global development.
上海乌托邦品茶微信The AIIB has prudently weighed the different and diverse requests from both developed and developing member econ
omies before taking any decisions so that the future of the projects are not jeopardized.
More important, the AIIB has improved its operations and strengthen上海乌托邦品茶微信
ed its governance capability in accordance with global norms, built an institutional cult
上海乌托邦ure, and formed dozens of professional teams. In the process, the bank has accumulated abundant expe
riences in investing in and maintaining sustainable infrastructure facilities. No wonder it has received the high
est credit ratings from the world’s three biggest rating agencies－Standard& Poor’s, Moody’s and Fitch.上海乌托邦
上海乌托邦品茶微信The author is an associate professor at the School of Government, and director of the Center for BRICS Cooperation Stud
ies at Beijing Normal University. The views don’t necessarily represent those of China Daily.
omplicated process, which requires a unanimous vote of the En
d-User Review Committee, which comprises the Department of Commerce as chair, and the depar上海后花园
tments of state, defense and energy and other agencies. Which means Huawei could remain on the list for some time.
上海后花园品茶微信The US may have relaxed restrictions on Huawei, but that alone is not enough for the Chinese company
to develop its overseas markets. So Huawei can continue to purchase chips and other tech上海后花园
products from US companies to make mobile phones but cannot sell those mobile phones in the US.
Also, the US’ decision to keep Huawei on the Entity List until the concl
上海后花园品茶微信usion of the Sino-US trade negotiations will lead to considerable uncertainty. And the US presi
dential election next year could complicate matters further, as the American public opinion about China,
and the attitudes of the Democratic and the Republican parties could influence the final outcome.上海后花园
The US has relaxed the restrictions on Huawei as a negotiation strategy w
ithout changing its China policy. Since the information and communication te
上海后花园品茶微信chnology sectors of the two countries are still intertwined thanks to economic globalizat
ion, Huawei and China’s high-tech industry have become bargaining chips in Sino-US trade negotiations.
Chinese companies should therefore make greater efforts to intensi上海后花园
fy research and development in technology, particularly in high-tech and
core technologies, so they can better tackle eventualities and ultimately become self-sufficient.
上海后花园品茶微信The author is an associate professor at the Institute of International Relations, Com
munication University of China. The views don’t necessarily represent those of China Daily.
weightings and consequent portfolio rebalancing should
not be viewed in isolation. In particular, the investment index chan上海会所品茶微信
ges will be phased in over many months, which will allow investors to gradually and smoothly re-allocate th
上海会所eir investments, thus mitigating the impact on volatility; and the continuing inflow
s of new AUM across constituent markets, which should help to further smooth capital flows.上海会所品茶微信
The author is a financial sector specialist with the ASEAN+3 Macroeconomic Research Office (AMRO), a regional m上海会所
acroeconomic surveillance organization. This is an excerpt from the organ
ization’s latest report. The views don’t necessarily represent those of AMRO or China Daily.上海会所
Multiple local governments including those of Handan in Hebei province, Jinan in Shand
上海会所品茶微信ong province, and Tianjin have banned the so-called Beijing Bikini－which refers to men who roll up their sh
irts or T-shirts to expose their bellies in public places in summer. Aimed at promoting civilized behavior, the ban is a tim
ely move as the “Beijing Bikini” is considered offensive, especially by women.上海会所
Yet the good intentions of the local governments cons
上海会所titute only the first step toward promoting civilized behavior, par
ticularly in public places. So the authorities should consider all possible options
and devise an appropriate plan to ensure the ban on Beijing Bikini is actually implemented.上海会所品茶微信
In this regard, Handan’s move offers some food for thought, as civic inspectors in Hanshan district gift a T-shirt to men in B上海会所
eijing Bikini to cover themselves up. This method of correcting uncivilized behavior in a c
ivilized way reflects proper social management and sends a goodwill signal to the people in general.
上海会所品茶微信However, it is necessary to make certain facts clear, and adopt the most appropriate m
ethods to deal with the issue. For instance, men in Beijing Bikini cannot be held guilty of committing an of
fense. At most, their behavior may be deemed uncivilized. In sociological terms, the
act of a man wearing nothing above the waist could be defined as minor transgression.
Rice from China has been successfully planted in the deserts of Dubai, United Arab Emirates, a
nd its yield has hit a record high, leading to an agricultural breakthrough in the city.上海后花园品茶微信
The seawater rice yield reached 629 kilograms per mu (0.06 hectare), a result observed by experts from China and Dubai on J
u上海后花园ne 6. This yield is on par with the advanced level of international rice planting in desert areas and saline-alkali soil.
The sea rice project, launched by the Wuhan Haidao International Agricultural Development Co of Hubei province last O
ctober, broke the record for Dubai desert rice planting in terms of planting area and rice yield. This achi上海后花园
evement was praised by the ruler of Dubai and the Consulate-General of the People’s Republic of China in Dubai.
上海后花园Invited by Dubai, experts from the company provided all te
chnological services for seawater rice planting in Dubai’s deserts and deve
loped the proprietary “Haidao 86” rice species. They began their work in November.上海后花园品茶微信
Dubai has quite special agricultural, ecological and climate conditi
上海后花园ons. In other words, disadvantages — including low temperatures at night for the seeding stage
, high temperatures and dry winds in the earing period and low rainfall. The favorable period for rice growth is also quite
short. Any small mistake in cultivation may lead to failure, the Wuhan company said.上海后花园品茶微信
Barren soil, insects, bird strikes and shortage of water
have been major hindrances for rice planting in Dubai deserts, the上海后花园
company said, adding pesticides and inorganic nitrogenous fertilizers were not allowed in the project area.
上海后花园品茶微信In recent years, many domestic and international companies tried to plant rice in Dubai wi
thout satisfying results due to existing obstacles, said company investor Xie Xiaoqing.
But the experts finally succeeded by applying creative s上海后花园
eeding methods, scientific water management and strict growth process control.
The success of the project has presented the technological progress of Chinese agric上海后花园品茶微信
ulture to the world and benefited people across the globe, and will help in prom
oting both international cooperation and the sharing of agricultural technology, she added.
the new round of opening-up opportunities in China, strengthen cooperation and coordination to push Si
no-Japanese economic and trade relations to a new level in the new era,” Zeng said.上海419论坛
In response, Yasuo Fukuda, a former prime minister of Japan, said Tokyo and Beijing sh
上海419论坛品茶微信ould enhance cooperation to handle uncertain future of world economy.
“At this front, China and Japan should further strengthen mutual und上海419论坛
erstanding and use various platforms like this dialogue to solve problems,” he said.
Nobuyuki Koga, chairman of the board of councilors of the Japan Business Federation, or上海419论坛
Keidanren, said Japan and China should work together to achieve sustainable an
d inclusive development of world economy and contribute to its peace and prosperity.
上海419论坛品茶微信After the dialogue, the two sides issued a joint statement suggesting ambitions and willingne
ss to safeguard and strengthen rule-based multilateral trading system, promote refor
m of the World Trade Organization as well as enhance third-party market cooperation.上海419论坛
A nationwide immigration enforcement operation targeting people who are in the United S
上海419论坛品茶微信tates illegally is expected to begin this weekend after it was postponed last month by US President Do
nald Trump, according to two administration officials and immigrant activists.
The operation, which has sparked outrage and concern among immigrant-rights advocates, would上海419论坛
target people with final deportation orders, including families whose immigration cases were fast-t
racked by judges in 10 major cities, including Chicago, Los Angeles, New York and Miami.上海419论坛品茶微信
The operation is similar to ones conducted regularly since 2003 that often produce hundreds of arrests. It is slightly unusual
上海419论坛品茶微信to target families, as opposed to immigrants with criminal histories, but it’s not unprecedented. The
Obama and Trump administrations have targeted families in previous operations.
Zhu Yue, chairman of China Health and Elderly Care Group who a
ttended the meeting, told China Daily that the economies of the China an
d Japan are highly complementary so cooperation will only be mutually beneficial.
Taking the elderly care sector as an example, Zhu said that China has a huge m
arket and is starting to face an aging society while Japan is very experienced and h
ad high technologies, so “cooperation will definitely benefit the people of the two countries”.
Chen liked to say something to the audience about his pieces and I have always stopp
ed him. His music speaks for itself and is strong enough to communicate with people.”上海千花坊
Born in Shanghai, Yu, 55, studied piano with his grandfather, the composer Ding Shande, before he
上海千花坊品茶微信was trained at the Shanghai Conservatory of Music and later at the Hochschule der Kunst in Berlin. On
his return from Europe, Yu has become a central character in the development of the Chinese classical music scene.
Like Yu, Chen, 68, is also a Shanghai native. In 1977, Chen was enrolled to study composition at the Central Conservatory of Music in Beijing and in 1984上海千花坊
he moved to France where, for four years, he studied with Olivier Messiaen as the great French composer’s last pupil. He
上海千花坊品茶微信is best known as the musical director for the opening ceremony of the 2008 Beijing Olympic Games and composed the
song, You and Me. He is also known for his cooperation with Chinese film director Zhang Yimou on the 2001 ballet prod上海千花坊
uction, Raise the Red Lantern, based on Zhang’s film with the same title and the film, The Flowers of War, in 2011.上海千花坊品茶微信
The two works by Chen on the new album come from very different periods in his career.
written between 1998 and 1999, is a five-movement suite, portrayi
ng the five traditional Chinese elements: water, wood, fire, earth and metal.上海千花坊
“When I first wrote Wu Xing, the piece was not well received, since the melodies were not smo
oth and not considered beautiful in a traditional way,” says Chen. “But, over the course of the last 20 years, a gr
owing number of people have developed a liking for it and it’s beyond my expectation.”上海千花坊品茶微信
The violin concerto, La joie de la Souffrance, was written in 2017, and Chen added color w
ith a percussion section. Maxim Vengerov played the solo part and the violinist premiered the work alon
g with China Philharmonic under the baton of Yu during the 20th Beijing Music Festival.
The Shanghai Symphony Orchestra also knows the violin conce
rto very well since it was a test piece for the 2018 Shanghai Isaac
Stern International Violin Competition and was played by the six finalists, accompanied by the Orchestra.
“The relationship between a composer and his music is like that of a biological father and his
children. For the interpreters, like the conductors and symphony orchestras, they are like the ‘f
oster parents’ of the work,” says Chen. “As the ‘biological father’, I can do nothing about my work after I finished wr
ting it, but Yu has his own understanding of my music, which sometimes surprises me.”
the first five months of the year despite headwinds from the China-US trade dispute, and the prov
ince’s export growth in the first half is expected to reach 9 percent year-on-year, said its governor on Friday.上海千花网品茶微信
Yuan Jiajun, governor of Zhejiang province, said at a news conference that despite Sino-US t
上海千花网品茶微信rade disagreements, the growth rate of the province’s exports in the first five months rose 8.4 percent, and t
hat the province’s two-way trade in 2018 totaled 2.85 trillion yuan ($414.8 billion), of which exports comprised 2.1 tril
lion yuan. Zhejiang’s total exports last year accounted for 12.9 percent of the national total, ranking third nationwide.上海千花网品茶微信
“Trade conflicts between China and the United States have jeopardized China’s trade environment. T
herefore, we are taking active measures to ensure both the growth rate and the national proportion of
上海千花网Zhejiang’s imports and exports to contribute to national economic development,” Yuan said.
Last June, the provincial government launched an online sup
ervision system that stores the information of enterprises’ export orders, he said.上海千花网品茶微信
Enterprises submit their export order information into the system so that the government is able to monitor ente
上海千花网rprises’ export situations to make forecasts and provide support for those enterprises.
Currently, over 40,000 exporters in Zhejiang have been registered in the monitoring syste
m, and each month the system offers export forecasts and analysis, serving as guidance for the go上海千花网品茶微信
vernment to take supportive measures when necessary to ensure healthy growth.
上海千花网In addition to boosting exports, the government is taking steps to foster new growth engines.
“Traditional trade may be hurt by the tough external environment, and therefor
e we have put emphasis on new trade sources such as crossborder e-commerce,” he said.上海千花网品茶微信
In 2018, the import and export value of Zhejiang’s cross-border e-com上海千花网
merce totaled 27.6 billion yuan, up 44.3 percent year-on-year, said Hangzhou Customs.
Graduates trained in cooking the crustaceans earn double the average
Almost China’s national snack, people’s strong love for crawfish h上海419论坛女神会所
as meant graduates who specialize in the dish can earn twice as much as others with college degrees.
上海419论坛Thirty-five graduates who studied how to cook crawfish-also called crayfish-for two years, ob
tained vocational degrees from Qianjiang Crayfish School in Hubei province recently.上海419论坛
Twenty-nine of them have already secured jobs with average monthly salaries of more than 1
上海419论坛0,000 yuan ($1,457) due to the large demand for crawfish chefs, said Wang Zhongqiu, a teacher at the vocational college. He ad
ded that the other six graduates decided to open their own crawfish restaurant.
According to a report by Mycos, an educational research compa上海419论坛女神会所
ny, the average monthly salary for college graduates in China was 4,624 yuan in 2018.
上海419论坛It is quite common for crawfish chefs with more than three years’ experience to earn 30,000-50,000 yuan a month and the scho
ol plans to enroll another 200 students in crawfish-related majors this year, Wang said.
The school first introduced three majors related to the cooking, marketing and management of crawfish in 2017 and be上海419论坛女神会所
came the first and only college nurturing talent for the crawfish industry, he said.
上海419论坛”Apart from the three majors, it plans to open a new major in crawfish breeding. From raising baby crawfish, transporting the
m to the restaurant and finally bring the dishes to the table, we want to cultivate talent in all crawfish-related areas.”
Despite the good pay, the work is onerous. Chefs have to work o上海419论坛女神会所
vertime and some have to cook hundreds of kilograms of crawfish each day, Wang said.
上海419论坛女神会所The peak season for crawfish is from March to November, so they will earn much less during the slow season, he added.
Huang Yu, 21, is a graduate from the crawfish school. He has ope
ned a crawfish restaurant with his family in Yichang, Hubei province, his hometown.
ependent entity, the island leader Tsai Ing-wen and other DPP officials have intensified their pro-ind
ependence activities, especially in the fields of education, culture and administration, sinc上海419
e she took office in 2016. In fact, Lai Ching-te, Tsai’s rival in the island’s next leadership election in January 2020, ope
上海419品茶微信nly pitched himself as a worker for “Taiwan independence” before stepping down as the head of the executive body.
To send a clear message against secessionism to the Tsai admini
stration and give a strong warning to separatist forces on the island, the mainland has h上海419
eld military exercises in the Taiwan Straits and sent warplanes and warships around the island.
上海419品茶微信But at the instigation of the US administration, thanks to its acts and resolutions and promise of support, the DPP co
uld try to further push forward its “pro-independence” agenda and cross the red line and worsen the situation ac
ross the Straits. Therefore, the US should review its policy and stop selling dreams to the Taiwan authorities.上海419
The Taiwan Assurance Act of 2019 is a serious violation of the one China principle a
上海419品茶微信nd the three joint communiqués, which the Sino-US relationship is built on. The US’ int
erference in China’s internal affairs will not only endanger one of the world’s most important bilateral ties and jeo
pardize peace and stability in the Asia-Pacific region, but also increase the possibility of the mainland using w上海419
hatever means necessary to realize the final reunification of the island with the motherland.
上海419品茶微信The US has frequently meddled in Taiwan affairs, which has significa
ntly undermined Sino-US ties, creating worries and risks across the Straits.
But since China is committed to safeguarding its sovereignty and territo
rial integrity, and achieving national reunification, the US should not hope to succ上海419品茶微信
eed in its design of splitting the country by leading the island authorities down the garden path.