?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.亚愽娱乐官网网址千花网女神会所
Authorities nationwide recently unveiled plans to “light up” cities after dusk. In Beijing, a series of policies were rolled
亚愽娱乐官网网址千花网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 hours亚愽娱乐官网网址千花网女神会所
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
亚愽娱乐官网网址千花网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.亚愽娱乐官网网址千花网
Zhou Zhou, director of the company’s daily distribution operation
s, said nighttime consumption has great potential, and all Bianlifeng outlets have
亚愽娱乐官网网址千花网女神会所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, convenie亚愽娱乐官网网址千花网
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 25亚愽娱乐官网网址千花网女神会所
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 s亚愽娱乐官网网址千花网
ome communities, people are still not aware of the benefits of buying after dark.
Jiang said China has obvious advantages in developing it亚愽娱乐官网网址千花网女神会所
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.
d Cross Society of China arrived in Kabul again, marking the beginning of the project’s second phase. It is expected that an add
itional 150 Afghan children with congenital heart disease will be selected after screening in Ka?亚愽娱乐官网网址千花网品茶微信
bul and then sent to hospitals in China for treatment, said Liu Xuanguo, vice-president of the CRCF.
In addition to Afghanistan, the foundation has provided h?亚愽娱乐官网网址千花网
umanitarian assistance to 26 countries in Asia and Africa in recent years. Among the pro
?亚愽娱乐官网网址千花网jects, it has established emergency centers in Pakistan, provided free diagnosis and treatment to children with co
ngenital heart disease in Afghanistan and Mongolia, built a blood dialysis center in B
angladesh, constructed mobile hospitals for Syria and Iraq and donated rescue vehicles in Cambodia and Laos, he said.?亚愽娱乐官网网址千花网
“Most of the programs have been carried out since 2017, follow
ing the proposal of the Belt and Road Initiative (in 2013),”
Liu said. “Humanitarian assistance is badly needed in many countries involved in the?亚愽娱乐官网网址千花网品茶微信
initiative. Although much smaller in scale compared with international assistance delivered by the Chinese gov
ernment, China Red Cross humanitarian assistance has played a very important role in promoting frie
?亚愽娱乐官网网址千花网ndship between China and these countries, and emotional connectivity between different peoples.”
For example, a foundation project that has provided free treatment in Chinese hospitals over the past two years to 100 Mo
ngolian children under age 14 with congenital heart disease has won high praise from the Mongolian government a?亚愽娱乐官网网址千花网
nd was recognized as one of the best humanitarian assistance projects in the country last year, Liu said.
In June, another Chinese medical team arrived in Ulaanbaatar, the capital of Mongolia, to screen around 100 of the m
ost urgent cases of congenital heart disease for free treatment in Hohhot, the capital of?亚愽娱乐官网网址千花网品茶微信
the Inner Mongolia autonomous region, and in Wuxi, Jiangsu province.
In neighboring Pakistan, an emergency center established by the foundation in Gwadar in?亚愽娱乐官网网址千花网
cooperation with the Pakistani Red Crescent Society has also won the praise of locals, Liu said.
As of the end of April, three medical assistance teams sent by the Red?亚愽娱乐官网网址千花网品茶微信
Cross Society of China had been to the center in Gwadar since its establishment in Sep
tember 2017. Large numbers of Chinese employees work there to assist with various projects.
ties?for the first time surpassed 1 trillion yuan?in the?half y
ear period, hitting 1.03 trillion yuan and 1.04 trillion yuan,?respectively.亚愽娱乐官网网址千花网
In 2018, a total of 16 cities achieved a whole-year GDP of more than 1 trillion yuan. Fos
亚愽娱乐官网网址千花网女神会所han in Guangdong province and Jinan in Shandong province are expected to join the 1 trillion yuan GDP club this ye
ar, with their GDP reaching 479.52 billion yuan and 479.17 billion yuan in H1,?respectively.
Fifteen?of the top 100 cities are from East China’s Shandong province, the most among all provincial-level regions. F亚愽娱乐官网网址千花网
ollowing it, Jiangsu, Guangdong and Zhejiang provinces have 13, 11 and 8 cities on the list,?respectively.
Similar to the same period?last year, no cities from Hainan, Qinghai provinces, Ni亚愽娱乐官网网址千花网女神会所
ngxia Hui autonomous region, or?Tibet autonomous region?are on the top 100?list.
China’s central and western cities are leading on GDP growth in H1. More than two-thirds of the 280 cities that have dis亚愽娱乐官网网址千花网
closed economic growth outperformed the national GDP growth rate of 6.3 percent?in H1 and they are m
ainly from Yunnan, Guizhou,?Anhui provinces and Guangxi Zhuang autonomous region.
Among the 13 cities?whose real GDP growth rate surpassed 10 percent亚愽娱乐官网网址千花网女神会所
in H1, all except Fujian province’s Ningde come from the central and western regions.
Southwest China’s?Yunan province, posting t亚愽娱乐官网网址千花网he strongest GDP growth in H1 amon
g?31 provincial-level regions, has seven cities?registering a?GDP growth of 10 percent or above.
The report collected statistics released by 282 cities that have published亚愽娱乐官网网址千花网女神会所
their economic semi-annual reports?as of Monday. Hong Kong and Macao special ad
ministrative regions?and Taiwan were?not involved in the statistical analysis.
There are few factors that would continue to push up inflation except for food, he said. A
uthorities have vowed to keep the country’s monetary policy prudent and will not resort to excessive m亚愽娱乐官网网址千花网女神会所
oney supply to stimulate economic growth, thereby helping to stabilize prices, Liu said.
亚愽娱乐官网网址千花网Li Chao, chief economist at Huatai Securities, said that the July readin
g may be the highest this year because prices of most items have remained stable or we
akened. As the momentum of price increases for fruit and pork is expected to weaken, CPI growth may trend down in t亚愽娱乐官网网址千花网女神会所
he August-October period. “We think the price rise pressure remains controllable,” he said in a research note.
The stable inflation level will not have a significant bearing on monetary policymaking, said Liu of CUFE.
亚愽娱乐官网网址千花网But Liu also warned that policymakers should closely monitor the food
price changes and ensure stable food supplies to iron out major price fluctuations.亚愽娱乐官网网址千花网
The producer price index, which measures factory-gate prices and co
ncerns corporate profitability, dropped by 0.3 percent year-on-year in July, the NBS said.亚愽娱乐官网网址千花网
The fall reflects the easing of GDP growth, which slowed to 6.2 percent year-on-year in the second quarter.
亚愽娱乐官网网址千花网女神会所”The fall is in line with market expectations,” said Zhu Jianfang and Liu Boyang, economists at CITIC Securities. The c
ountry’s environmental protection measures, which reduce production capacity, may help bolster PPI in the com
ing months, but the situation will not improve significantly, they said in a research note.亚愽娱乐官网网址千花网
Online media registration for the second China International Import Expo opened on Fri
day. The registration system at media.ciie.org will be accessible until September 30.
亚愽娱乐官网网址千花网女神会所When registering for a media pass, foreign journalists who will be travelling to China to cover the ev
ent need to specify their outlet in the “foreign media organizations” listing under the media organization categ
ory, and select the “foreigners for temporary stay in China” option when entering their personal information.
The Xiangzhou district government of Zhuhai special economic zone in S
亚愽娱乐官网网址千花网outh China’s Guangdong province published a special notice recently, requiring all gove
rnment departments, organizations and units in the district to establish no more than one WeChat working group.亚愽娱乐官网网址千花网
Furthermore, “no work assignments and work related content are allowed to be pub
亚愽娱乐官网网址千花网lished or forwarded on the WeChat working group after work,” the notice said.
“The move aims to help reduce the daily work burden on grassroots level officials and employees,” it said.亚愽娱乐官网网址千花网女神会所
Xiangzhou district has taken the lead in Guangdong, the window of China’s reform a
nd opening-up, to have issued such a notice that requires “one unit, one WeChat group” in its district.
亚愽娱乐官网网址千花网The move has drawn much attention from the pu
blic, and the district has quickly hit the media spotlight at home and abroad.
Chen Hongqiang, a local grassroots official, said he is in favor of the notice.亚愽娱乐官网网址千花网
“One WeChat group in one unit, and no work assignments and related content are allowed to be published in the
WeChat group after work – that is good news for the mass grassroots officials,” he said.亚愽娱乐官网网址千花网女神会所
“That would certainly help reduce the burden of the grassroots officials who have to frequently work overtime,” he said.
亚愽娱乐官网网址千花网Chen said he was really frustrated in previous years when he was sometimes called back to his unit to work overtime or d
uring weekends.Xiangzhou is not alone. The General Office of the Communist Party of China Central C亚愽娱乐官网网址千花网女神会所
ommittee released a circular in March, requiring more effort be made to solve problems
arising from too much formality in order to reduce the burdens on grassroots-level officials.
” than those of the 1970s or 80s when asked whether they can accept getting m
亚愽娱乐官网网址千花网arried without a house. 74.6 percent think boys must purchase a house ahead of marriage.
However, this lucky generation again seem quite “idealistic” when asked about the ideal marriage age: most hope they can get
married before 26.5 years old, meaning they should get married three to four years after graduation. This is more tha亚愽娱乐官网网址千花网女神会所
n five years earlier than the 70s and 80s generation, who don’t want to get married until after 30.
Several Chinese structures including the Hong Kong-Zhuhai- Macao Bridge (HZMB) h
亚愽娱乐官网网址千花网ave been shortlisted for the 2019 Structural Awards, which recognizes outstanding projects from ar
ound the world, news website Cankaoxiaoxi.com reported on Wednesday.
The awards revealed by the Institute of Structural Engineer (IStruct亚愽娱乐官网网址千花网女神会所
E) were divided into 12 categories to show the diversity of global engineering e
xcellence, among which HZMB was shortlisted in the award for construction innovation.
亚愽娱乐官网网址千花网The 55-kilometer-long bridge is the world’s longest sea crossing a
nd a mega project led by the Chinese central government as a key step for the d
evelopment of the Pearl River Delta region. It opened to traffic in September 2018.亚愽娱乐官网网址千花网女神会所
The CITIC Tower was also shortlisted under the category of tall or sle
nder structures, which face a challenging process of design and construction.
亚愽娱乐官网网址千花网The award for long span structures included three structures from China – Changsha International Convention and E
xhibition Center, Hangzhou Olympic Tennis Centre and Qingdao World Expo City.亚愽娱乐官网网址千花网女神会所
The Gate of Chongqing Longhu Park in southwestern China also is shortlisted in an award for structural artistry.
anuary 2017, he pledged GDP growth at 4 percent. More recently, he projected
亚愽娱乐官网网址千花网女神会所US growth at 3 percent. Yet analysts estimate US growth this year at 2.5 percent or less. Quali
tative assessments suggest deterioration, as the growth of domestic demand is slumping.
Worse, US GDP growth forecasts for 2020 indicate softening to 1.8 per亚愽娱乐官网网址千花网
cent, possibly a (near-recession) slowdown－especially if trade and tech wars still
escalate. In the absence of negative surprises, China’s GDP growth is lik
亚愽娱乐官网网址千花网ely to stay within the target of 6.2 percent in 2019 and possibly in 2020 as well, with
supportive fiscal and monetary conditions. US tariff wars are likely to penalize the Chinese economy by less
亚愽娱乐官网网址千花网女神会所than 0.5 percent of GDP, which could be offset by just a modest depreciation of the renminbi.
If recent policy mistakes in the White House prevail, slower growth in i
nvestment spending, rising concern for continued trade wars and destabilizing geopolitics are likely to foster downside亚愽娱乐官网网址千花网
risks in global economic prospects, as risks for further downgrades morph into actual realities.
The author is the founder of Difference Group and has served at India, China and
亚愽娱乐官网网址千花网女神会所America Institute (US), Shanghai Institutes for International Studies (China) a
nd the EU Centre (Singapore). The views of the article do not necessarily represent those of China Daily.
Key indexes decline as US threat to impose tariffs rattles global investors亚愽娱乐官网网址千花网
China’s A-share market, together with other Asian peers, tumbled on Friday, after the
unexpected tariff threat from the United States overnight rattled investors globally.
亚愽娱乐官网网址千花网女神会所The benchmark Shanghai Composite Index fell by 1.41 percent to close at 2867.84 poi
nts, while the smaller Shenzhen Component Index ended 1.42 percent lower at 9136.46 points.
More than 3,000 shares, or 85 percent of the shares listed on mainland bourses in total, registered losses on亚愽娱乐官网网址千花网
Friday, with brokerages, energy equipment manufacturers and the shipping sector leading the fall.
亚愽娱乐官网网址千花网女神会所Low investor sentiment was witnessed in other Asian bourses on Friday, with Hong Kong’s Hang Seng, Japan’s Nikkei a
nd South Korea’s Kospi losing 2.35 percent, 2.11 percent and 0.95 percent, respectively.
iday — the annual East Asia Summit foreign ministers’ meeting, which brings together dignitaries of 18 countries — all 10 ASEAN m
亚愽娱乐官网网址千花网品茶微信embers, China, Japan, ROK, the United States, Australia, New Zealand, Russia and India.
At the gathering, Wang called on parties involved to secure the multilatera
l trading system with the World Trade Organization at its center, and said un亚愽娱乐官网网址千花网
ilaterally imposed sanctions or additional tariffs are not helpful to resolving of trade issues.
Thai Foreign Minister Don Pra-mudwinai said that bolstering free trade was mentioned throughout the discussions.
亚愽娱乐官网网址千花网品茶微信After the conclusion of an important meeting of the Commu
nist Party of China Central Committee, the participants said China seeks to make its fiscal policy more eff
ective and maintain “reasonably ample” liquidity. And instead of resorting to a stimulus in the real estate market, Ch亚愽娱乐官网网址千花网
ina will lay emphasis on “proactive fiscal policy and prudent monetary policy”.
It is a challenging balancing act, but the right stance at the right time.
亚愽娱乐官网网址千花网品茶微信Meanwhile, White House pledged to impose an additional 10 percent tariff on Chin
ese imports to the US, which caused US stocks to tank 280 points. The White House needs a scapegoat as the Fed cuts can
not offset Trump’s tweet policies, US growth is slowing and a slowdown is looming in 2020.
The CPC Central Committee seeks to avoid targeted but costly stimulus polic亚愽娱乐官网网址千花网
ies, which could exacerbate new risks of asset bubbles over time, while ensuring adequate fiscal support. Since in
frastructure investment remains relatively soft by historical standards, fiscal easing on investment is likely in the s
亚愽娱乐官网网址千花网品茶微信econd half of the year. And it could be tilted toward small enterprises and startups.
This year’s growth to be within range
Moreover, fiscal easing is likely to be coupled with monetary support, including cuts in the banks’ reserve r亚愽娱乐官网网址千花网
equirement ratio. Although the fiscal easing tilt could cause downward pressure on Chinese bond yields and co
rporate spreads in the near future, the big picture suggests stabilization and resilience.
亚愽娱乐官网网址千花网品茶微信In the second quarter, the Chinese economy grew 6.2 percent compared with 6.4 percent in the
first quarter, but that was hardly surprising in view of the global challenges. China’s econ
omic growth is within the target range of 6 percent to 6.5 percent set by t亚愽娱乐官网网址千花网品茶微信
he government. Indeed, a growth rate of 6.2 percent for the whole of 2019 rema
ins achievable even if growth stabilizes around 6 percent to 6.2 percent in the second half.
In view of the possible chaos in the area, the Leisure and Cultural Services Department an
亚愽娱乐官网网址千花网品茶微信nounced the early closure of some of its facilitiesming pool and stadium in Yuen Long on Saturday.
Businesses were also affected, as most shops in the area have to shut doors by early Saturday afternoon because of the unauthorized rally.
Chinese universities and colleges will stop enrolling college graduates for a second bachelor de亚愽娱乐官网网址千花网
gree from July, according to a guideline issued by the Academic Degrees Committee of the State Council.
亚愽娱乐官网网址千花网品茶微信The program to enroll graduates for a second bachelor degree was set up as a compl
ement to China’s postgraduate programs to cultivate high-caliber professionals.
However, along with the rapid development of China’s postgraduate ed
ucation, the second bachelor degree program has become outdated, said the committee.亚愽娱乐官网网址千花网
The committee noted that the newly-issued guideline aims to address problems of C
hina’s bachelor degree system, including lack of support for training versatile talents.
亚愽娱乐官网网址千花网品茶微信The city’s Chief Secretary for Administration Matthew
Cheung Kin-chung on Friday called on people to express their views in a peaceful manner.
He added that people who participate in unauthorized rallies faced the risk of being arrested亚愽娱乐官网网址千花网
for illegal assembly, an offense punishable by a fine of HK$5,000 ($640) and up to five years in prison.
Saturday’s procession was planned on the back of violent attack
亚愽娱乐官网网址千花网品茶微信s on commuters on the train and at Yuen Long station on Sunday, which sparke
d anger by what some saw as an inadequate police response. At least 45 people were injured in the attacks.
ers on one charge would earn 5 credits for its maker according to previous equations, and in the draft proposal the credits will be redu
ced to 2.5, according to Cui Dongshu, secretary-general of the China Passenger Car Association.亚愽娱乐官网网址千花网
He added that the proposed policy encourages better technology as more efficient power consumption will earn more credits.
亚愽娱乐官网网址千花网女神会所Analysts said the plan’s release will help carmakers to coordinate their production plans, es
pecially international ones, which have been slower than Chinese ones to respond to policy changes.
Herbert Diess, CEO of Volkswagen AG, called for a stable policy envi亚愽娱乐官网网址千花网
ronment at the World New Energy Vehicle Congress held in early July in Hainan province.
The German carmaker said almost half of its new energy vehicles produced in 2028 will
亚愽娱乐官网网址千花网女神会所be made in China. China has been the largest market for new energy vehicles since it overtook the United States in 2015.
So far there are around 3.5 million such vehicles on its roads.
The country’s new energy vehicle sales surged 65.9 percent year-on-year to 577,000 units亚愽娱乐官网网址千花网
during the January-June period, data from the China Passenger Car Association showed.
亚愽娱乐官网网址千花网女神会所The draft proposal is expected to help boost hybrids as well, to which Japanese carmakers have devoted much time and money.
They would still be considered fossil-fueled but re-classified as “low fuel consu
mption passenger vehicles” and thus will incur less negative points than traditional vehicles.
Under the current system, automakers in China are obliged to make up for a portion of the negative points they incur whe亚愽娱乐官网网址千花网女神会所
n they produce internal combustion engine vehicles with points won for producing new energy vehicles.
Analysts said the revision could see more traditional vehicles replaced with hybrids, because when automakers prod
uce hybrids. The proposed change came as a surprise, some experts and industry officials said, because the gove亚愽娱乐官网网址千花网女神会所
rnment has never before given any preferential treatment for hybrid technology.
“The new proposed policy is a roundabout way to promote hybrid cars,” said Cui in a social media post.