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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By the end of April, the total value of debt-to-equity sw

By the end of April, the total value of debt-to-equity sw

ap reached 2.3 trillion yuan ($332.8 billion). More than 20 percent was for the central State-owned enterprises, including China B

aowu Steel Group Co Ltd, State Power Investment Co Ltd, and China Shipbuilding Industry Corp, acc

ording to data from the State-owned Assets Supervision and Administration Commission.

David Lipton, the International Monetary Fund’s first deputy managing director, said: ” (China’s) Cre

dit growth and corporate debt have been reduced thanks to concerted efforts to strengthen fin

ancial regulation, reduce regulatory arbitrage, and improve the framework for financial supervision.”

His statement came after the IMF published a report forecasting that China‘s economic growth is expected to moder

ate to 6.2 percent this year, down from 6.4 percent in the first quarter, as uncertainty around trade tensions rem

ains high and risks are tilted to the downside. Inflation, in the meantime, is projected to rise to 2.3 percent.

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Education Ministry issues notice to prevent ‘gaokao immigr

Education Ministry issues notice to prevent ‘gaokao immigr

China’s Ministry of Education issued an urgent notice to schools on Friday to prevent “gaokao immigration”.

“Gaokao immigrants” refers to those individuals who lack a hukou (household registration) or student status in a pro

vince but still attend the gaokao, the National College Entrance Examination, in that province.

The ministry required local authorities to ensure that the exam-free access to near

by primary and secondary schools is universally available for school-age children.

High schools should strictly follow the admission procedures and policies, said the

ministry, adding they are banned from vying for ace students in violation of regulations.

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The US administration’s more often than not conflicti

The US administration’s more often than not conflicti

conflicting goals have resulted in the trade conflicts with China an

d other countries. For instance, China’s exports to the US grew 11.3 percent

and its trade surplus with the US increased to $323 billion in 2018, up 17.3 percent year-on-year.

Moreover, Washington has forbidden US companies to sell chips to ZTE, a Chinese multinational telecommunications equip

ment and systems company, even after imposing huge fines on the company. By so doing, the US has act

ually encouraged China to increase investment in its high-tech sector. So, even if China and the US

were to strike a deal, China would be prompted to import lower volumes of energy and agricultural products from the US.

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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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hina to improve online government servicesbuilding

hina to improve online government servicesbuilding

hina will speed up building an integrated platform for e-governmen

t services to offer easier access to the online services, according to the Ministry of Justice.

The building of the integrated platform aims to

standardize government services nationwide, according to an official with the ministry.

The country will facilitate information sharing amon

g regions and departments at various levels, the official said.

A system will be set up to enable enterprises and individuals to evaluate the government services they received, accor

ding to the official, who added that efforts will be made to ensure the smooth operation of the integrated platform.

In April, China’s State Council made public a decree on onl

ine government services to prompt the integrated platform building.

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Instead of the traditional way where a voice artist records

Instead of the traditional way where a voice artist records

 lines alone, this collaborative approach allows the voice-over performer to see the emotional cha

nges acted by others, prompting a natural reaction from an individual performer, according to Date.

“I heard that some foreign fans are learning Japanese so that they can understand the original version. We’re very proud of that,” says Date.

He adds that he hopes Chinese animators will continue to take inspiration from th

eir own culture and similarly encourage overseas audiences to learn Chinese.

Currently codirecting the anime series Magmell of the Sea Blue, a Sino-Japanese animated ser

es adapted from a Chinese comic book story of the same title, Date says he still marvels at the story’s so

phisticated narrative, which centers around the adventures of a rescuer of explorers on a newly formed continent.

Interestingly, more and more foreign animation filmmakers are seeking inspiration from China.

Marsden reveals that Sony is partnering with Base Animation in Xiamen, East China’s Fujian province, to produce the animated feature Wish Dragon.

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All of my knowledge and expertise in the space field

All of my knowledge and expertise in the space field

 was about ground operations, such as telemetry, tracking and command of spacecraft.

“I want to study satellites. I want to learn and work on communications satellites operating in low Earth orbit, because no

w we have a communications satellite in geosynchronous orbit, and remote-sensing satellites in low Earth orbit,” he said.

“I want to learn how to combine these technologies and do some research here in Beijing, s

o when I come back to my country I can help to develop our own satellite technology,” he added.

Each of Venezuela’s three satellites-one communication and two r

emote-sensing satellites-was designed, built and launched by China.

The Beijing-based China Academy of Space Technology, a subsidiary of State-owned spa

ce giant China Aerospace Science and Technology Corp, is a major developer of satellites and spaceships in China.

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The zone is located in a labor-intensive area in Cambodi

The zone is located in a labor-intensive area in Cambodi

 which means the project will provide a large number of jobs to lo

cal communities,” he said. “It is expected that up to 100,000 to 200,000 locals will be d

rawn to the new economic zone after its completion. They will rise out of poverty by working in this zone.”

The project will be beneficial to both China and Cambodia, Qian said.

“Many Chinese companies go overseas to expand their businesses. However, because of a la

ck of experience and related knowledge, most of them face huge obstacles abroad,” he said. “Our company has done overseas business for mo

re than 40 years and will provide a familiar business environment for other Chinese companies in the new economic zone.”

Some Chinese companies have decided to join the investment in the ne

w Cambodia project, Qian said, adding that in his opinion, a company should follow the nati

onal policy and direction such as Belt and Road Initiative while being profitable at the same time.

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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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