The government has set上海千花网f doubling GDP per

er capita from 2010 to 2020 and clearly will reach that goal.

上海千花网女神会所Nicholas Lardy, an often-cited Washington-based expert on the Chinese economy, argues i

n his recent book The State Strikes Back: The End of Economic Reform in China that China could have co

上海千花网ntinued to grow at 10 percent per year throughout this decade if not for policy mistakes.

His core argument is that Japan and South Korea continued high growth r

ates until they reached GDP per capita equal to 60 to 70 percent of the US, so why can’t China?上海千花网

With all due respect, I think this is a silly argument. The early growth in both Japan and South Korea was based on for

上海千花网eign demand for exports. In South Korea, these exports were manufactured largely by state-led companies.

China is a much larger economy. There is not enough potential import demand in the worl

d to continue as a main driver of the economy’s growth. It takes longer to grow organically from domestic demand.

上海千花网女神会所Japan saw very fast economic growth from the 1950s to the 1970s based on technological c

atch-up and on fast export growth to the US. The export industries of Japan – mostly cars and electronics –

are extremely competitive. But, much of the domestic economy is protected and inefficient.上海千花网

A series of trade disputes with the US in the 1970s and 1980s culminat

上海千花网女神会所ed in the Plaza Accords in 1985 that limited Japanese exports to the US and forced Jap

an to roughly double the value of the yen. So, export-led growth was no-longer an option.

Instead of opening-up and reforming its domestic economy, Japan first chose to use monetary stimulus in the late 1980s, which上海千花网

resulted in an immense real-estate bubble and led to the real-estate and stock market collapses in 1990 to 1992.

Through the 1990s and 2000s, Japan then tried to use very large infrastructure investm上海千花网女神会所

ents to stimulate the economy. This just resulted in negligible growth, ecological damage and a government-d

ebt-to-GDP ratio of more than 200 percent – by far the highest in the world. In contrast, China’s strategy of str

uctural reform, opening up, and increasing domestic competition will lead to more sustainable GDP growth.

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Streamlined administra上海千花坊es for individual bu

usinesses looking to apply for, alter, or cancel registration will be further implemented.

上海千花坊To ensure the authenticity of enterprise registration, Hangzhou will introduce a real name registration system for the appl

icants in an effort to curb illegal activities such as false registration of shareholders.上海千花坊

In terms of law enforcement, Hangzhou will strengthen supervision of data using internet a

上海千花坊品茶微信nd digital technologies and upgrade the mobile application of administrative services.

Efforts will also be made to advance cooperation between government departmen

ts and banks to provide high-quality, efficient and convenient services for new enterprises.上海千花坊品茶微信

Over the years, Hangzhou has been making efforts to improve its

investment environment with administrative reforms under the principle of “At Most O

上海千花坊ne Visit”, which aims to cut down on red tape and provide greater convenience for businesses by providing digitized to

ols, building digitized sharing platforms and developing data analysis methods.

Amateur astrophotographer Xu Weibin talks about how he first got hooked on astronomy上海千花坊品茶微信

and the challenges he faces when it comes to setting up that perfect picture, He Qi reports in Shanghai.

上海千花坊Before the publication of the recent issue of Amateur Astronomer, Xu Weibin was best kno

wn to his friends and family as a salesman of steel tubes used in the domestic high-speed rail system.

Today, he’s better known among his peers as the amateur astrophotographer who captured th上海千花坊品茶微信

e stunning image of the Rosette Nebula which was published in the magazine. The Rosette Nebula is a clou

上海千花坊d of interstellar dust and gas located about 5,000 light-years away in the constellation of Monoceros.

Born in Hubei province but currently based in Shanghai, the 46-year-old

said that his interest in astronomy was piqued during an elementary school science cla上海千花坊品茶微信

ss, when the teacher asked the students to identify a constellation in their textbooks.

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The defendant appealed上海千花坊but the origina

al ruling was supported by the Nanjing Intermediate People’s Court.

上海千花坊”Although Jiang didn’t touch the girls directly, his behavior also seriously harmed the children,” the court said.

Courts nationwide have always exhibited “zero-tolerance” for defendants上海千花坊女神会所

who sexually assault juveniles, and those who harmed children with extremely cruel beha

上海千花坊vior were sentenced to death without hesitation in line with the Chinese Criminal Law, the statement said.

Statistics from the top court show that courts across the country concluded 3,567 cases of child上海千花坊女神会所

molestation last year, 605 more than in 2017. From January to June, the number reached 1,803.

Defendants in about 30 percent of these cases caused sexual harm to children throu

上海千花坊gh instant messaging tools, and victims have become younger, the statement said.

“The rising figure, on one hand, means legal awareness to protect juveniles has been enhanced in society, while on the ot

her hand it represents that the judicial fight against such offenses has also been strengthened,” the top court said.上海千花坊女神会所

For example, some courts in Shandong and Sichuan provinces have worked with local public se

curity departments, education institutes and civil affairs administrations to intensify security tra

上海千花坊ining for left-behind children to improve their awareness of self-protection, the statement said.

Meanwhile, some internet enterprises have also been urged by judic

ial authorities to increase reviews of online content to ensure harmful information ca上海千花坊

n be removed in a timely manner, and to design and offer a much safer online environment for children, it added.

上海千花坊女神会所Xu Hao, a criminal lawyer at Beijing Jingshi Law Firm, said the disclosed cases will

be a guide to help judges more effectively handle such offenses and offer more accurate senten上海千花坊

A private Chinese company used its own carrier rocket to send two satellites and several experimental payloads into space on T

hursday, marking the first successful orbital mission by the country’s commercial space industry.上海千花坊女神会所

The SQX-1 Y1 solid-propellant carrier rocket, the first in the SQX-1 series, blasted off a

t 1:00 pm from a launchpad located in rocky terrain at the Jiuquan Satellite Launch Center in the Gobi Desert.

Nearly 15 minutes after the ignition, the 25-meter-tall rocket successfully deployed two satellites — one from the State-owne

上海千花坊女神会所d defense conglomerate, China Aerospace Science and Industry Corp, and the other from the Beijing I

nstitute of Technology — into a low-Earth orbit about 300 kilometers above the ground.

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Its office, located at上海419l be in charge of the reg

The joint conference should hold meetings as needed, record the minutes, and del

上海419品茶微信iver the printed minutes to related departments. Important items should

be reported to the Central Committee of the Communist Party of China and the State Council.上海419

He Lifeng, head of NDRC, was appointed as the convener of the conference.

上海419The Shanghai Financial Court has set up a team of judges to deal with po

ssible lawsuits related to the newly launched science-technology innovation board.上海419

The team, comprised of high-performing judges experienced in financial and commercial trials, will provide timely and effective

judicial service to any business parties involved, the court said on Tuesday as it unveiled a 23-article policy to

上海419品茶微信provide legal support to the new Nasdaq-style board, STAR, that opened at the Shanghai Stock Exchange on July 22.

Such a tribunal is an effort to fast track court procedures, whic

h include registering for a lawsuit, conducting case investigations and court hearings to enforc上海419

ing compensations, and safeguarding the rights and interests of the parties involved. English services will be available when filing lawsuits both at the

上海419品茶微信court and online, said the court, the country’s first devoted exclusively to financial cases.

The policy also included selecting experts and scholars from financial regulatory age

ncies, financial institutions and relevant research institutes to serve as assesso上海419

rs – members of the public who assist judges and evaluate evidence – and participate in case reviewing and trials.

Considering the market influence of the cases related to the new board and the guiding role of the ruling of such cases, the cour上海419

t will allow individuals and organizations with expertise in the professional area related to a case – and who de

monstrate no conflict of interest – to submit their publicly written opinions on the case.上海419

“The goal is to better improve the quality, efficiency and credibility of judicial adjudicati

上海419品茶微信on in such financial cases,” said Xiao Kai, president of the Shanghai Financial Court.

Demonstration cases – an approach the court has used to solve securities disputes

since January – will also be adopted in dealing with lawsuits related to the new boa上海419品茶微信

rd involving listed companies suspected of making false statements and leading to

economic losses for a vast number of investors from various regions of the country, the court said.

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Barbey has covered ne 上海419论坛social development

In the golden age of photojournalism, as a Magnum photographer he was al

ways on the scene; he stood right at the crossroads of history,” says Wu Weishan, dir 上海419论坛

ector of the National Art Museum of China and a correspondent member of the French Academy of Fine Arts.

 上海419论坛女神会所”Not only did he document China’s past, but also, tinged with an insightful sense, he captured its

dramatic transformation from a traditional civilization to one in the throes of modernization.”

Chinese entrepreneur Sun Yuchen canceled Thursday’s lunch meeting with US business magnate Wa 上海419论坛

rren Buffett due to a sudden kidney stone attack, Sun announced via his Sina Weibo account early Tuesday morning.

Sun’s Tron Foundation announced the postponement of the Buffett lunch

 上海419论坛and press conferences, according to a tweet from the foundation’s official account.

Parties agreed to reschedule at a later date, the tweet added.

Sun was originally scheduled to have lunch with Warren Buffett and seven invited g

uests on July 25 in the Michelin 3-star restaurant Quince in Jackson Square, San Francisco. 上海419论坛女神会所

After undergoing treatment in hospital Sun is in stable condition and recovering, according to the announcement.

His donation to the Glide Foundation has been completed and is still effective, Sun said on the social media platform.

上海419论坛Sun declined any interviews and said he would meet with the public after his recovery.

Sun Yuchen, founder of Tron and CEO of BitTorrent, won the auction for this year’s Buffe

tt lunch with a $4,567,888 bid, a record high since the lunch was launched 20 years ago. 上海419论坛女神会所

The Chinese cryptocurrency entrepreneur announced his win on his Twitter and Sin

a Weibo accounts on June 3, saying “it will be a great opportunity for mutual understanding and knowledge transfer.” 上海419论坛

Sun won the bid via a five-day online auction on eBay and the money will be donated to the Glide F

oundation, which is located in San Francisco’s Tenderloin district and serves the poor, homeless and those battling substance abuse. 上海419论坛

A graduate of the University of Pennsylvania, Sun founded T

 上海419论坛女神会所ron in Singapore in 2017. Tron’s market value reached $2.56 billion, becoming the wo

rld’s 10th largest cryptocurrency according to data provider CoinMarketCap.com.

bx-zhonghui.com

Macao International上海会所ositioned as small- and

 medium-sized airport, said Vicki Mou, chief of corporate communication & policy resear

ch office of Macao International Airport. Besides regional business aircraft services, the airport focu上海会所

ses on Southeast Asian market, connecting Macao and many attractions in the Philippines, Thailand, Malaysia and

上海会所品茶微信some other Southeast Asian countries, which enriches international routes in the Greater Bay Area, said Mou.

An aerotropolis with high economic efficiency 上海会所

“Our vision is to engineer our city’s airport to become an aerotropolis with high econom

上海会所ic efficiency and diversified employment opportunities,” said Carrie Lam, chief executive of the Hong Kong SAR.

Hong Kong is gearing up to play an even more important role in the aviation sector. Hong Kong Inter上海会所品茶微信

national Airport currently has two runways and began its three-runway system construction in 2016.

上海会所The new whole three-runway system will come into operation in 2024 toge

ther with a new passenger building, a new automated people mover, a new baggage han

dling system and expansion of the existing Terminal 2 into a full-service processing terminal.上海会所

The revamped airport will be able to accommodate 620,000 flight movements annually, welcoming about 100 million pa

上海会所品茶微信ssengers and handling some 9 million tonnes of cargo a year, said deputy director of airport operations Cheung.

Last year, the Hong Kong section of Guangzhou-Shenzhen-Hong Kong Express Rail Link and Hong Kong-Zhu

hai-Macao Bridge was inaugurated, further tying up the Hong Kong SAR and the Chinese mainland.上海会所

With its airport sitting right at the heart of the “double gat

上海会所品茶微信eway” linking the Greater Bay Area at one end and to the world at the other, Hong Kong offers seaml

ess air-to-land and air-to-sea connections with a huge number of nearby destinations.

gjrcpx.org

Ultimately, the knowl上海夜生活ill house a populatio

 and become a vibrant place for all to “live, work, learn and play”, its designers have said.

To date, the project’s startup phase, with an area of 6.27 sq km, has been substantially completed.上海夜生活品茶微信

According to official figures, more than 1,000 companies have registered with SSGKC since 2010, with an aggregate register

上海夜生活ed capital of nearly 110 billion yuan ($16.1 billion) and about 82 billion yuan in fixed assets.O

ng Ye Kung, education minister of Singapore, delivers a keynote speech at the Sino-Singapore Knowledge Forum in Singapore on Friday.Provided To China Daily上海夜生活品茶微信

The 6th Sino-Singapore Knowledge Forum (SSKF) commenced with a grand openin

上海夜生活g in Four Seasons Hotel on Aug 24, with a special focus on the collaboration

and development strategies between China and Singapore, as well as high quality development, reform and innov

ation in the new era of China’s all-round opening up of its market. This was the first time for SSKF, which inaug上海夜生活品茶微信

urated in 2013, to be held in Singapore after five successful years of forums in Guangzhou.

Being the flagship project of Sino-Singapore Guangzhou Knowledge City (SSGKC), the annual event of SSKF is curre

上海夜生活品茶微信ntly the only high-level forum taking turns to being held in China and Singapore. It is also the strategic dialogue plat

form mutually initiated and advanced by high-level officials from Singapore and Guangdong province.上海夜生活

Five high-end industrial parks – that focus on new-generation information tech

上海夜生活品茶微信nology, AI, biomedicines, new energy and new materials – have been built in SSGKC.

A large number of international and domestic leading enterprises have settled in SSGKC. These上海夜生活

include General Electric, BeiGene, Innocare, CanSemi, China Telecom, China Mobile, China U

上海夜生活品茶微信nicom, Siemens, Carl Zeiss, Alibaba Cloud, Greatoo Intelligent and Focus Media.

In 2016, the State Council gave its approval for SSGKC to carry out reforms and experiments in the utilization and protect上海夜生活

ion of IP rights, to help foster a business-friendly environment that respects and protects IP values.

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We believe our location in上海后花园 could help us achiev

 greater influence because it could radiate to the surrounding markets such as

China’s Hong Kong and Macao as well as Southeast Asian countries,” the executive said.上海后花园

The Sino-Singapore Knowledge Forum was held in the city-state at the Four Seasons H

上海后花园女神会所otel on Friday, when officials and top executives from both sides signed numerous agreements.

It was the first time that the annual event has been held in Singap

ore. Previously, it had been hosted in Guangzhou, Guangdong province for the past five years.上海后花园

As a flagship project of the Sino-Singapore Guangzhou Knowledge City, an example of bilateral cooperation, the SSK

上海后花园女神会所F is currently the only high-level forum that is now taking turns to be held in China and Singapore, its organizers said.

Themed “forging new frontiers – all-round opening-up and innovation-driven development”, this year’s forum was desi上海后花园

gned to tap the collective intelligence of think tanks, experts and business leaders from China and Singapore.

Herman Lee, vice-president for market and business development at Guangzhou CanSemi Technology Inc, said the upgr上海后花园女神会所

ade of SSGKC is very encouraging for his company, and could help it further enrich its talent pool.

上海后花园The company will invest a total of 7 billion yuan in facilities in

SSGKC that will produce 12-inch wafers, of which the first phase is expected to be put into use in t上海后花园女神会所

he fourth quarter of 2019 with a monthly production capacity of 20,000 wafers.

“As we know, SSGKC will enjoy the same treatment as the free trade zone in terms of market access, investment promotions and tal上海后花园女神会所

ent attraction after its upgrade. Meanwhile, many administrative services could be fulfilled inside the district, wh

ich could further improve efficiency, meaning more money for the companies involved,” Lee said.

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Re-weighting of index上海419论坛apital flowsk prices at

Major stock and bond index providers have started, or have announced that they intend, to in

crease the weighting of China’s securities in their respective benchmark indexes over the course of 2019-20.上海419论坛品茶微信

Global index provider MSCI Inc. announced in February that China’s coverage in the MS

上海419论坛CI Emerging Market Index will increase from its coverage of 235 large-capitalization A-shares to 253 la

rge-and 168 mid-capitalization stocks. On a pro forma basis, A-shares will constitute 3.3 percent-a significant incr

ease from the current 0.7 percent-of the MSCI-EM Index when the process is completed in November.上海419论坛品茶微信

The FTSE Russell, the first international index provider of the Chinese ma

上海419论坛inland’s benchmarks 20 years ago, has elevated China’s A-shares to emerging market

status and started adding them to the FTSEEM Index from June 24, 2019. Upon full imple

mentation of phase 1 by March 2020, the A-shares will make up 5.7 percent of the index.上海419论坛品茶微信

And the Bloomberg Barclays Global Aggregate Bond (GAB) Index started the process of including China’s yuan-deno

上海419论坛minated government and policy bank bonds as a constituent on April 1. Other index providers, such as the FTSE R

ussell and JPMorgan, are reportedly also considering adding China’s debt to their indices.

The MSCI, FTSE Russell and Bloomberg Barclays GAB indexes cover a sizable share of the invest上海419论坛品茶微信

ible markets in the world. For example, the MSCI-EM alone is tracked by an estimated $1.9 trillion in

上海419论坛assets under management (AUM) from pensions, endowments, passive funds, and other investors. And the re-weighting

of these major global investment indexes is expected to result in a re-allocation of capital across emerging markets. As a

result, China’s asset market will inevitably become more important for global in上海419论坛品茶微信

vestors, notwithstanding the “noise” created by the ongoing US-China trade tension.

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Pornhub allows targeted上海后花园n the public’s intere

 interests. Olsen chose to place his ad in the “soft” category, sayin

g that he and his campaign “has tried to hit there, where Danes are the most”.上海后花园女神会所

Olsen’s unorthodox campaigning has helped him bolster his profile, as his confessio

上海后花园n gathered over 1,400 likes and tonnes of comments, positive and negative alike.

“Joachim, this is nothing less than brilliant!” one commenter wrote.

Even the Liberal Alliance’s political rivals appreciated the trick.

“The only thing that annoys me is that I wasn’t the first one to get t上海后花园女神会所

his done”, Anders Stjernholm of the green Alternative party admitted.

Others, however, were far less supportive. “Sic

上海后花园k joke for people with a clownish attitude to democracy”, one person said.

41-year-old Joachim Olsen is a former world class shot putter. With ten straight internat

ional finals, Olsen holds the longest string of appearances in finals at Olympic, Wor上海后花园女神会所

ld and European Championships among throwers. He was elected to the Danish Parliament in 2011.

上海后花园US President Donald Trump said Tuesday that his administration would not sell T

urkey F-35 fighter jets because of Ankara’s purchase of Russian S-400 air defense system.

“We are now telling Turkey…we’re not going to sell you the F-35 fighter jets,” Trump told the media in the White House.上海后花园女神会所

He also blamed the Obama administration for refusing t

o sell US Patriot systems, which finally led to Turkey’s S-400 deal with Russia.

上海后花园Pentagon, however, has long rejected the assertion that Turkey pu

rchased the S-400 because it could not get a comparable air defense system.

At 7.5 percent of the vote, the libertarian Liberal Alliance is a junior pa上海后花园女神会所

rty in the government led by the conservative-liberal Venstre party. Its platform is bas

ed upon economic liberalism, tax cuts, and reduction of welfare programmes.

www.leyishengpx.cn