To resolve the proble上海千花坊articipating in the prog

ram may harm banks’ capital adequacy, regulators will support banks to issue perpetual de

上海千花坊bt – a type of debt without a maturity date – to replenish their capital. Foreign investors will also be allowed to own st

akes in the financial investment firms that take part in the debt-for-equity swaps, the guideline said.

Meanwhile, the guideline said that good-quality and com上海千花坊女神会所

petitive companies with high leverage ratios will be encouraged to participate

in the program and the country will step up efforts to enhance asset pricing of swaps.

上海千花坊Various measures will also be unveiled to lower corporate leverage and properly handle the debt issues of loss-making “zombie c

ompanies”, the guideline said, urging financial institutions to keep monitoring the risks of corporate debt.

Li Longhai, an analyst at Dongguan Securities Co上海千花坊女神会所

Ltd, said that the measures will help banks offload distressed debt from their

balance sheets and will help ease the pressure from the rising nonperforming loans.

“It will also benefit private companies and help them resolve debt risks. And it could sav

上海千花坊女神会所e companies that have strong growth potential but are in temporary difficulties,” Li said in a research note.

As of June 30, the contract value of the debt-for-equity swap program reached 2.4 trilli

on yuan ($350 billion) with about 1 trillion yuan already in place and ready for investment. The value of new contr上海千花坊

acts of debt-for-equity swaps signed in this year reached 390 billion yuan, according to the NDRC.

上海千花坊女神会所Zeng Gang, deputy director of the National Institution for Finance and Developmen

t, said: “The debt-for-equity swaps will improve the financing ability of companies, reduce

their borrowing costs and boost their profitability as well as their business sustainability.”

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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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The reasons why a maj上海千花坊nt companie

 saw a drop in profit can be complicated. On one hand, last year’s tax crackdown and tightened regulatory policies in taxes have ce

rtainly struck some major players, costing them both time and money to pay the fine and restructure their上海千花坊

businesses,” said Chen Shaofeng, a professor in culture and entertainment at Peking University.

上海千花坊女神会所”On the other hand, China’s film box office market is heading toward saturation, which m

eans that the profit surge that many entertainment companies saw in the past is less likely to happen,” Chen added.

Data from the National Radio and Television Administration

showed box office revenue in the first half of 2019 in China stood at 31.17 billion yuan, down 2.7 per上海千花坊

cent year-on-year. Cinema visits dropped 10.3 percent year-on-year to 808 million visits within the same period.

Chen believes, though, the companies will bounce back.

上海千花坊女神会所”The industry is still likely to see a boom in the near future as there is more market pote

ntial to be tapped, such as film derivatives (toys and figure models), various genres of intellectual properties or t

rans-media storytelling (presenting the story with multiple platforms like films, TV shows, and games),” Chen said.上海千花坊

“Such approaches to IP development can be an effective way to generate more revenue for entertainment companies,” he added.

Wanda and Huayi said in their statements that losses were due上海千花坊女神会所

to a lack of projects premiering in the first half of the year. Most of Huayi’s film projects such

as The Eight Hundred directed by Guan Hu would premiere in the second half of 2019.

“It’s common that entertainment companies adjust their film distribution plans based on market de上海千花坊

mand, and choose to release their films during a certain period of time to maximize their profits,” Chen said.

“But it is certainly not the reason why a majority of entertainment

companies saw a drop in profit. Although it is common for entertainment companies to premie上海千花坊女神会所

re their major film projects in second-half seasons with peak demand, it is unlikely for most of them to do so at the same

time, as the first half of the year also has many peak movie-going seasons,” said Chen.

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n a profile video of Zho上海千花坊uced by Bohdee Medi

ia last year, she said she had been captivated since she was a c

hild by men and women dressed in Han-style robes fighting each other in kung fu television shows.上海千花坊上海千花坊

Although she started wearing hanfu on a daily basis simply because she really liked it, Zhou began to take it more seri

上海千花坊ously when she began attracting the attention and interest of foreigners and others who share the same love for tradi

tional Chinese culture, according to a China Central Television report on hanfu last year.

The Sina Weibo star has seen both her business in Sydney and her popularity on the micro-blogging platform continue to grow.上海千花坊

Because the clothing style disappeared for about 400 years before its reemergence, several

critics and academics doubt the authenticity of modern adaptations of hanfu, claiming tha

上海千花坊上海千花坊t the followers did not do sufficient historical research before recreating the outfits. Some have even gone on to say tha

t the movement is entrenched in racism and linked to nationalist movements which could spark potential con

flict between the Han ethnic group, which makes up almost 92 percent of China’s population, and the other 55 ethnic groups.上海千花坊

However, many young people who adopt hanfu as their daily fashion choice maintain that they wear it to show appre

ciation for their heritage and to feel a connection to their roots, with no political intention or motivation involved.上海千花坊上海千花坊

Despite of the ongoing debate over hanfu, many young Chinese people, including Shi and Zhou, continue

上海千花坊to promote wearing hanfu as a lifestyle choice and hope that it will one day be accepted as mainstream fashion.

Khaya Njumbe won the top prize in the child group of a singing contest of Chinese songs in the U.S.

Midwest and received a trophy on Sunday in a Chinese culture center in the southwestern suburbs in Chicago.上海千花坊上海千花坊

This is part of the “Water Cube Cup” Chinese Songs Singing Competition scheduled in August in Beijing of China.

Holding the trophy almost one-third of his size, the 10-year-old boy beamed, and just cou上海千花坊上海千花坊

ld not wait to play with other contest participating boys and girls standing around.

During the competition, the 10-year-old boy sang two Chinese songs, “Whe

n You Are Old and Grey” and “The Moon Represents My Heart.” The articulation, au

thentic pronunciation and emotional expression of the songs enabled him to win the prize.

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Principal admits to r上海千花坊dent, molesting 4 others

Details of sexual上海千花坊 assault allegations against the principal of a primary school in Huludao, Lia

上海千花坊oning province, were revealed by Suizhong county’s publicity authority on Tuesday.

The suspect, surnamed Wang, confessed to rape and sexual offenses against minors a

t the county’s Shuikou Primary School. He has been detained on criminal allegations since June 1, the authority said.上海千花坊女神会所

It added that local prosecutors have taken over the case and are preparing an arrest warrant for him.

上海千花坊On May 31, a student at the Shuikou Primary School, accompanied by her mother, reported to the police that she was fo

rced to have sex with the principal three times between March and November last year.

On the same day, four other students and their parents approached the police to accuse Wang of sexual misconduct.上海千花坊女神会所

Wang was immediately placed in custody and, after interrogation, confessed to raping the student who first reported him to

the police and sexually assaulting other students. Further investigation into the case continues.上海千花坊

According to the authority, the suspect, 50, had been teaching at the Zhongxin Pri

mary School since 1989 and was promoted to head the Shuikou Primary School in 1991.上海千花坊女神会所

Both the principal and the Party secretary of the Zhongxin Primary School of Gaotai, which oversees Shuikou Pri

mary School, have been removed from their positions for their lax supervision and failure to report the scandal.

上海千花坊女神会所A teacher at the Zhongxin Primary School has been appointed as the interim principal since June 2.

Psychological counseling services were offered to the victims and their parents.

Separately, Shanghai police said on Wednesday that another man surnamed Wang, 57, and

a woman, surnamed Zhou, 49, have been arrested on suspicion of molesting a 9-year-old girl in a hotel.

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The “fair trade” som上海千花坊 the US emphasized is not

 based on the international ruling but the premise of “America First “in order to secure its own inte

上海千花坊rests. The so-called equal opening-up means that every country needs to comply with the exact same

standards – tariffs and the industrial market entry permits – as the US. Such “absolutely fair” only seems fair on the surface. It ignores the developing countries’ right to develop, and is highly unfair.

• Will unilateralism work?

Science and technology are the crystallization of human civilization and the commonwealth o上海千花坊

f human society. However, some Americans prefer to pursue a technological monopoly. To maintain i

ts hegemonic position in the economic and technological fields, the US government has long imposed high-tech export controls on China.上海千花坊品茶微信

During the trade friction, the US government has abused its state power to block Chinese tech companies on the grounds of national security, suppress the development o

f China’s high-tech industries and squeeze China’s high-tech products market. This attempt at technological hegemony will in no way succeed.上海千花坊

Science and technology are primary productive forces. The scientific and technological strength largely determines the econ

omic strength and international competitiveness of a country, the changes in the balance of political and economic po

wer in the world and the future and destiny of all nations. As science and technology play such an important role, the上海千花坊品茶微信

hegemonic thinking, monopoly practices and double standards of some people in the US have been vividly demonstrated in the field.

上海千花坊品茶微信Holding the mindset of “America First”, some people in the United States who worship unilateralism put domestic law above international l

aw, and use unilateral measures to suppress other countries and provoke economic and trade friction. They publicly stand against glo上海千花坊品茶微信

balization and ignore the multilateral rules and the multilateral trading system by withdrawing from the Joint Comprehensive Plan of Action or Iran Nu

clear Deal, the Paris Agreement on climate change, UNESCO, and the United Nations Human Rights Council etc … T

heir unilateralist behavior and the slogan of “America First” have become a set of “inherently self-consistent logic”.

On the surface, the promotion of unilateralism seems identical to anti-globalization and isolationism. However, this is

only on one side. More importantly, some people in the United States pursue unilateralism because m

ultilateralism of equal cooperation does not conform to their strategy of “America First” and intention of heg

emonic dominance. Therefore, they are aggressively taking unilateral actions and suppressing other countries in inter

national competition, in order to keep “America First” and prevent other countries from catching up.

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Through Apple’s App Store, Chinese developers’ prod

ducts have entered the global stage and many of them have become successful cases internationally,” Ge said.

上海千花坊女神会所She cited the global success of short video-sharing app TikTok, also known as Douyin in

China, and the apps developed by China’s Palace Museum, as examples of China’s innovative ability.

TikTok has 75 language versions and is liked by users from over 150 countries and regions, while the 11上海千花坊

apps developed by the Palace Museum have been downloaded by over 5 million users across the world.

“In the future, Apple and Chinese developers will enhance their coo

上海千花坊女神会所peration in the education and technology sectors, and hopefully Apple would contribute more to China’s app economy,” she said.

Before coming to Shanghai, Ge led the US company’s wireless technologies software engineering teams for nine ye

ars. Looking back, she admitted it is challenging to transition from a technical management job to run business in China.上海千花坊

“But I am very grateful to have the opportunity to return to China from the US. We hav

e a wonderful team of around 13,000 employees in China. They offer me great help.”

She has worked closely with Apple’s local R&D team and carrier partners to develop new Chin上海千花坊女神会所

a-specific features for iPhone and iPad, including dual-SIM cards function, QR code support and shor

t messaging service fraud prevention. Apple has also enabled the use of a phone number as an Apple ID.

“We want to offer better localized services. That is what I have been constantly pushing forward and what I like most,” Ge said.

上海千花坊女神会所She also hailed the smooth progress of the construction of Apple’s first China data center in Guiyang,

Guizhou province, adding that the company had received tremendous support from the local government.

“Apple’s recent moves demonstrate it no longer views China as a mere mar

ket but as an indispensable part of the company’s efforts in innovation,” said Xiang Ligang, dir上海千花坊女神会所

ector-general of the Information Consumption Alliance, a telecom industry association.

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Electric carmaker NIO will replace the power battery

pack with an improved version for vehicles within the scope of the recall for free to eliminate safety hazards.At least three NIO ES8 vehicles上海千花坊

had self-ignition accidents in the past three months and the State Administration for Market Regulation has started investigating the vehicles in these incidents.上海千花坊

Apart from recalling vehicles with safety hazards, the company has also established a transde

上海千花坊partmental investigation team to optimize the quality management system of their products in cooperation with supply chain partners.

By May this year, NIO had delivered over 170,000 ES8 vehicles, and the 70 kilowatt-hour battery packs produced after Oc上海千花坊

t 20, 2018, have been equipped with modules of the specification model NEV-P102, which has no safety hazards, the company said.

上海千花坊senior lawyer said he is “very optimistic” about the future of China’s business environ

ment, as the country is determined to develop an advanced intellectual property protection legal regime.

“上海千花坊We are very optimistic about the future of China’s business environment,” said Eric Liu, manag

ing partner of Zhao Sheng Law Firm. The office is the British law firm Linklaters’ joint operating partner in China.

Despite the uncertaint女神会所y caused by the trade conflict, which has put investment and consumption on hold, Liu said he beli

eves “China will continue opening its economy up to international trade and cross-border inbound and outbound direct investment.”

“China has become increasingly innovative, and is determined to develop an advanced legal regime for

IP protectio上海千花坊女神会所n, and new protection mechanisms have already taken shape in the country,” he said in a written reply.

He believes China will step up its efforts in protecting the int

ellectual property rights of foreign investors, following the promulgation of the Foreign Investment Law.

Asked about his take on the China-US trade dispute, Liu said: “Although we have seen many uncertainties concerning the tr上海千花坊

ade dynamics between China and the US, we still believe in the potential and vitality of trade and investment markets.”

Fo上海千花坊女神会所r instance, Chinese companies are driven to catch up on merge and acquisiti

on deals for safety reasons or commercial reasons, and they are still very active in terms of outbound deals, he said.

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