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Given the current climate of cross-Straits relations, the Chinese mainla
上海楼凤nd suspended issuing individual travel permits for Taiwan on Thursday. What do
es the move suggest? Two experts share their views on the issue with China Daily’s Yao Yuxin. Excerpts follow:
上海楼凤女神会所DPP should stop splittist activities
Taiwan witnessed rapid growth in tourist arrivals from the mai
nland in the eight years before Tsai Ing-wen became the island leader in 2016.
Individual travel to Taiwan was first permitted for residents of Beijin
上海楼凤女神会所g, Shanghai and Xiamen, Fujian province, in 2011 when cross-Straits relations were goo
d thanks partly to Ma Ying-jeou being the Taiwan leader. The arrangement was extended to 47 mainland cities over the fol
上海楼凤lowing three years. As a result, mainland tourist arrivals in Taiwan peaked at more than 4 million in 2015.
But tourist arrivals began dropping after Tsai took office, because she and her Democratic Progressive Party refused to rec
ognize the 1992 Consensus that there is only one China, which soured cross-Straits relations.上海楼凤女神会所
Mainland visitors－a large number of whom are individual travelers－account for ab
out a quarter of Taiwan’s total tourist arrivals, so the new curbs could rattle the island’s tourism industry and上海楼凤
hurt the broader economy. If the situation continues to worsen, the system for mai
上海楼凤nland tourists to apply for group travel to the island might also be affected in the foreseeable future.
But ignoring the mainland’s huge contribution to the island’s tou
rism sector prosperity and economic growth, Tsai and the DPP have more brazenly p上海楼凤女神会所
ushed forward their “Taiwan independence” agenda without thinking that, by fur
上海楼凤ther straining cross-Straits relations, they are compromising the well-being of Taiwan compatriots.
Besides, without any evidence to prove their outrageous claim, Tsai
and her fellow DPP leaders accused the mainland of sending spies and interferi上海楼凤女神会所
ng in the local elections last year, which put the safety of mainland individual travelers at risk.
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.”
able more consumers to enjoy added value through new modes of business, advanc
上海千花网品茶微信ed technologies and upgraded experiences”, according to industry insiders.
According to a report from market consultancy Big D
ata Research, the market volume of the country’s secondhand economy reached 202.54 billi 上海千花网
on yuan ($29.5 billion) in the first quarter of this year, a 5.5 percent increase year-on-year.
上海千花网品茶微信”One important reason for the market rise is that the consumption upgrade is dri
ing changes in the consumption habits of younger generations, especially those born after 1990,” said He Fan, fo
under and CEO of Huishoubao, an app enabling the recycling of electronic devices online. 上海千花网
They tend to pursue lifestyles and have consumption habits that ar
上海千花网品茶微信e more environmentally friendly, sustainable and fashionable, he said.
Another reason, according to Li Renjian from CITIC Capital, is that the use of advanced internet technologies including b
ig data and artificial intelligence has boosted the competitiveness of the whole sector. 上海千花网
Huafer, an online platform for secondhand maternity items developed by Par
terre Beijing Technology Co Ltd, is riding the wave by focusing on female users.
上海千花网品茶微信Huafer offers new mothers a platform to buy and sell products that their babies no longer need.
“Unlike other secondhand products, those used by new mothers and babies are us
eful only for a short period of time,” said Zheng Xiaowen, CEO of Huafer. 上海千花网品茶微信
The Beijing-based company has proved a hit. Two years after it was established, the firm has more
than 1.9 million registered users and over 80,000 users have made transactions through its platform.
southwest, increased its exports by 21.9 percent in the first half, largely selling to Europe and ASEAN countries.
上海后花园ang Wenlei shapes Olympus’ China strategy with focus on services, manufacturing
Yang Wenlei, CEO of the China unit of Japanese tech giant Olympus Corp, said the local market is of great s上海后花园
ignificance for the company. Olympus, she said, has great confidence in the growth potential of the Chinese market.
The company will press ahead with research and development activities and high-end manufa
上海后花园女神会所cturing in China’s medical field. It also aims to tap the huge local demand for medical equipment, inc
luding endoscopes, microscopes, and solutions for minimally invasive surgeries, she said.
“We will enhance our efforts in medical, imaging and scientific solution sectors in China this上海后花园
year,” Yang said. “The medical sector will be our main focus and we will pour more resources into the segment.”
上海后花园女神会所At present, Olympus is focusing on sales promotions in China. “In the future, we hope to build a compr
ehensive regional headquarters in China, covering R&D, manufacturing, services and training,” Yang said.
“We attach great importance to the medical sector in China. Compared with Europe, the United States, Japan and上海后花园
other developed countries, China has huge potential demand for medical equipment, given its aging population.”
I had expected to see some impact of the trade war on southeastern provinces where export manufa
上海后花园cturing is concentrated. But, Guangdong province grew by 6.6 percent and Zhejiang grew at 7.7 p
ercent year-on-year, both higher than the target rates, in the first quarter, according to the latest data available.
These export-oriented manufacturing provinces are transforming t上海后花园女神会所
oward higher tech manufacturing and are also increasing exports to developing co
untries. For example, Zhejiang’s exports to ASEAN countries surged 22.5 percent year-on-year.
上海后花园女神会所So, the strategy of using domestic reforms and international opening-up to in
crease domestic competition, moving to consumption and services, and emphas
izing higher tech, higher value-added manufacturing is working, according to the latest data.
China has been developing its self-designed reactor technology in recent years to reduce reliance on foreign technology.
上海夜生活The company in November 2011 announced its own third-generation reactor
using ACPR1000 technology, which was developed based on lessons drawn from
the Fukushima earthquake crisis and which is believed to be safer than the CPR1000 model. 上海夜生活品茶微信
The first four units of Yangjiang nuclear power plant are applying CPR1000 and improved tec
hnology based on it. Units five and six utilize the ACPR1000 technology, said the company.
上海夜生活品茶微信The localization rate of key equipment in the power plant exceeds 85 perce
nt and the average localization rate of the six units is more than 83 percent, it said.
上海夜生活The Yangjiang nuclear power plant is a significant symbol of the large-scale development of nuclear power in China.
A total of 1.51 billion rural tourist trips were made during
the first half of 2019, a year-on-year increase of 10.2 percent, a report said Sunday.
The report was released during a national work conference on rural tourism held by the M 上海夜生活
inistry of Culture and Tourism. It was convened in Chengdu, capital of Southwest China’s Sichuan province.
The total revenue during the same time frame reached 860 billion yuan ($125 billion), according to the report.
As of the end of June, rural tourism in China had provided jobs to 8.86 million people, the report said.
上海夜生活Jacobelli said China is already at the forefront of nucle
ar power technology worldwide, with abundant experience in building and operati 上海夜生活品茶微信
ng nuclear power stations, with higher standards in the nuclear sector to ensure safety.
上海夜生活Both units five and six of the power plant will be using the Firm-Sys, the digit
al control system developed by CGN for nuclear reactors and a key equipment used
for controlling and monitoring a station’s operations and management to ensure its safety. 上海夜生活品茶微信
Unit one of the Yangjiang nuclear power plant was put into commercial operation on March 25,2014, followed by unit two on June 5,
2015. Unit three began operations on Jan 1, 2016, unit four on March 15, 2017 and unit five on July 12, 2018.
to rehear the case, as it believed after a series of investigations, reviews of files and materials, as well a
上海419品茶微信s visits with people involved in the case, that the 2007 ruling was based on the wrongful application of laws.
The 1999 ruling will also be reviewed at the rehearing, the court added.
The case received national attention in April when a local newspaper reported several gangs, including one led by Sun, were 上海419
smashed in a crackdown against organized crimes in Kunming. Sun was then detained for the gang activities.
The case triggered widespread public concern over possible corruption in the judicial and prison syst
上海419品茶微信ems after follow-up stories discovered Sun was the same man convicted of the multiple charges in 1
998 and that he had therefore mysteriously escaped death and been living as a free man.
Sun became shareholder of several enterprises and controlled many bars after leaving prison. 上海419
As the controversies were spreading on Chinese social media, a central inspection group to fight gangrelated cri
上海419品茶微信mes arrived in Yunnan, and demanded a thorough investigation of how Sun appeared to have escaped justice.
In an early release of the inspection group in May, 11 people in Yunnan, including a former senior prison official and a local high cou 上海419
rt judge, had been detained over their possible roles in helping Sun escape capital punishment.
By Friday, the number of officials involved in Sun’s case had increased to 20, according to the official release.
上海419品茶微信Sun’s case also sparked public speculation because of his various identiti
es and family connections, who were widely believed to have sheltered his legal activities.
However, specific information about Sun’s family released on Friday shows that statements previously spread online were u 上海419
ntrue, especially the speculation that Sun’s biological father was a very influential person.
上海419品茶微信Chen Yue, Sun’s biological father, joined the Kunming Public Security Bureau in 1 973 aft
er leaving the army. He divorced Sun’s mother, Sun Heyu, in 1982, and left the police in 1985
across a wide range of fintech businesses, including banking, insurance, wealth management and payme
nt services,” said Simon Lance, managing director of Hays China, adding the industry risks losing valuable mom上海乌托邦品茶微信
entum given the shortage of skills and the overwhelming demand for experienced professionals.
上海乌托邦”For those already in the fintech industry, China offers great potent
ial. And for those in banking and financial services – or with relevant technology skill
s – now is a good time to consider what your career could be in the fintech industry,” Lance said.上海乌托邦品茶微信
According to Hays, large-scale commercial banks are accelerating the establishment of fintech subsidiaries across
上海乌托邦the country. It said the roles in demand in the banking sector include data security, data scientists, user experi
ence and user interface engineers, and full stack developers for mobile and web applications.
“Fintech offers career opportunities to people with experience in almost every area of ba上海乌托邦品茶微信
nking and financial services, as well as experts in artificial intelligence, biometrics, cloud and big data,” Lance said.
上海乌托邦Global fintech funding rose to $111.8 billion in 2018, up 120 percent from $50.8 billion in 2017, fueled by mega mergers
and acquisitions and buyout deals, according to a report from global auditing and consulting firm KPMG.
“China is at the cutting edge of the fintech industry and will provide a robust and exciting career for many years to come,” Lanc上海乌托邦品茶微信
e said. “Fintech also provides opportunities for those in related technology fields.”
上海乌托邦There is high demand from fintech startups for high-caliber talents with expertise in digita
l payment systems, digital asset management, blockchain and cryptocurrency, said the 2019 Hays Asia
Salary Guide. Hays expected qualified fintech candidates to command higher salaries in 2019.上海乌托邦品茶微信
Fintech is already a fast-growing industry in China. Statistics from Beijing-ba
上海乌托邦sed market consultancy Analysys showed the market scale of China’s fintech industry rea
ched 115 trillion yuan ($16.7 trillion) in 2018.This figure is expected to surpass 157 trillion yuan in 2020.
“Compared with the traditional financial sector, fintech talents should上海乌托邦
上海乌托邦品茶微信have not only solid financial professional background, but also flexible and inn
ovative thinking,” said Zheng Xia, assistant general manager of Ping An Securities.
tion projects and others, the construction of PV power generati
on projects this year will be about 50 million kilowatts, said the NEA statement. 上海夜网品茶微信
上海夜网About 40 million to 45 million kilowatts of projects will be com
pleted and connected into the electricity grid within this year, it said.
As the construction period of PV projects is short, there will be a sig
nificant demand for products in sectors like PV glass and silicon materials, Liu said. 上海夜网品茶微信
By the end of 2018, the installed capacity of PV power generation reach
上海夜网ed 174 million kW and the annual power generation capacity reached 177.5 billion kW
-hours, ranking first in the world, which played a key role in energy transformation.
On the other hand, the rapid growth of PV power generation also brings about an exp 上海夜网品茶微信
ansion of subsidies and other issues, which need to be addressed to promo
te the transformation of PV power generation from high-speed growth to high-quality development.
上海夜网According to the Ministry of Finance, the total subsidy budget for new PV projects will be 3 billion y
uan in 2019, of which 750 million yuan will be used for household PV (equivalent to 3.5 million kW 上海夜网品茶微信
上海夜网) and 2.25 billion yuan will be used for subsidized bidding projects (excluding PV poverty alleviation).
The purpose of this year’s 3 billion yuan subsidy is to support “this year’s” new PV power generat
on projects, ensure that PV power generation and upstream manufacturing industry maintain an app
ropriate development speed, according to a statement of the NEA released in May this year. 上海夜网品茶微信
Industry insiders believe China’s solar industry will become subsidy-free in a few years as the country tries to revitalize its PV
sector after the government announced a plan to scale back its central subsidy system last year.
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.
building a credit-based market regulation system. The bankruptcy mechanis
上海龙凤419品茶微信m is one part of the whole system. Besides local government, individuals and enterprises will also be regulated.
Companies with bad credit records will receive serious punishment, said Lian Weiliang, deputy head of the National Develo上海龙凤419
pment and Reform Commission. “For the worst scenario, the companies could be prohibited from the market.”
The measures for rating companies’ credit are being drafted, and market-oriented third-part上海龙凤419品茶微信
y institutions and industry associations will be involved in the rating process, according to Lian.
上海龙凤419According to the State Council’s guideline, individuals’ and co
mpanies’ credit performance will be recorded in a timely, accurate and comprehensive ma
nner, while targeted regulatory measures will be taken on market entities with different credit levels.上海龙凤419品茶微信
Credit defaulters will be held accountable in line with specific
regulations and laws and urged to rectify their irregular practices, it said.
上海龙凤419More efforts will be made to enhance credit regulation information disclosure and impro
ve regulatory efficiency by leveraging big data and other technologies, according to the guideline.上海龙凤419
The People’s Bank of China, the country’s central bank, is also buildin
上海龙凤419品茶微信g the country’s nationwide credit information system, which is composed of a national fin
ancial credit information database and market-oriented credit information institutions.上海龙凤419
By the end of August, the national database included information on 25.42 m
illion companies and 970 million individuals, becoming the world’s largest.上海龙凤419品茶微信
Including internet finance and peer-to-peer lending information in the national sys
tem is the next step in the top financial regulators’plan. The system will also in上海龙凤419
clude data from securities and insurance companies in the future, Wan said at an earlier conference.
“Information leakage and hacking could potentially be major threats to the credit information sy上海龙凤419品茶微信
stem’s security,” he said. “So far, the system is generally stable, and has not displayed any serious leakage risks.”