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Zhang said it is a routine 上海419论坛practice to organize such me

meetings to strengthen communication with different sectors of the H

ong Kong society and hear their views and opinions for better policy-making.

上海419论坛女神会所The last time that such a symposium was held was in August 2014, before the illegal “Occupy Central” movement.

orn and raised in Hong Kong, Margaret Chan Fung Fu-chun, former director-general of WHO, sai

d she hardly recognized the city now because of the sustained violent attacks on the city’s rule of law.上海419论坛

The success of Hong Kong, as a diverse international metropolis, relies on respecting different voices,

上海419论坛and resolving the differences through dialogue, Chan s

aid, speaking after attending the morning session of the full-day symposium.

With her voice trembling, Chan said she loves Hong Kong, freedom and democracy.

However, she noted that in her approximately 25 years working as a civil servant under the上海419论坛

colonial government, she had never seen so many people free to go on the streets to protest, a right that w

ould not have happened without the Basic Law and “one country, two systems”.

上海419论坛女神会所She called on the public of Hong Kong to step forward to protect Hong Kong and say no to violence, as Hong Kong is in a dangerous situation now.

Ex-US Treasury head says department’s credibility ‘damaged’ by accusing China of manipulating yuan

Former US Treasury Secretary Lawrence Summers on Tu上海419论坛

esday criticized the Trump administration’s decision to name China a currency manipulator, and said Tre

asury Secretary Steven Mnuchin has “damaged his credibility and that of his office” by doing so.

上海419论坛女神会所In an op-ed article published in The Washington Post, Summers said:

“By labeling as Chinese currency manipulation an exchange-rate move that was obv

iously a natural response to his boss’s policies, the secretary has damaged his credibility and that of his office.

“It will be harder now in the next difficult financial moment for Treasury Departm

ent pronouncements to be credited by market participants. Having seen the Unite

d States label China a manipulator, the world will wonder whether and how the United States w

whcoding.cn

China’s economic reco上海夜网as the fastest and stea

diest since World War II compared with any other major country.

上海夜网New China faced many twists and turns in the first 30 years in rebuilding its economy. Even durin

g the 40 years of reform and opening-up, it has successfully weathered many a powerful s

torm including four major external crises: the debt crisis in the early 1980s, Western sanctions from the late 1980s to上海夜网女神会所

the early 1990s, the 1997-98 Asian financial crisis and the 2008 global financial crisis.

Centralized leadership adds to China’s advantages

上海夜网Admittedly, the Chinese economy has been facing a new type of challenge since the second half of 2018 because of the tr

ade war launched against it by the US. Yet the new challenge cannot be compared with the past external crises. Ev

en in the 1990s, at the height of Western sanctions, China was able to reverse the trade deficit that had u上海夜网女神会所

ndermined its economy for nearly 100 years since the First Sino-Japanese War (1894-95).

上海夜网Now, China has to deal with the fifth major external challenge: the US-instigated trade war. Notwithstanding the s

aber-rattling of some US politicians and the US administration’s desperate attempt to prevent the rise of Chinese hi

gh-tech companies, which reminds one of the Cold War, do those trying to force China to concede ground by applying “

上海夜网maximum pressure” really understand how China has weathered powerful storms in the past decades?

Without economic resilience and expertise in the high-tech sector, China would not have been able to close the

wide gap with the US in national strength. Perhaps this is why the US has labeled China as a major competitor.上海夜网女神会所

The domestic political infighting in the US unseen in decades is likely t

o intensify and create a bigger problem for the White House. By contrast, the

strengthened centralized leadership of China is well-positioned to deal with any challenges with greater efficiency. In this上海夜网

regard, the US hawks, who have turned a blind eye to China’s resilience, should look at China’s history and see how it has

overcome challenges, and stop resorting to “maximum pressure” to fulfill their narrow political goals.上海夜网女神会所

The author is a researcher at the Chinese Academy of International Trade and

Economic Cooperation. The views don’t necessarily represent those of China Daily.

www.chinacctm.cn

These acts have seriou上海419论坛he law, blatantl

tly offended national dignity, and challenged the bottom line of the

‘上海419论坛one-country, two systems’ principle,” Yang said. “These rioters are extremely arrog

ant and unscrupulous. What awaits them will be a heavy legal blow and an indelible shame in history.”上海419论坛

ang pointed out that those who stand at the front of causing Hong Kong’s current chaos are a small number of violent r

adicals. Other protestors are kindhearted citizens who have been misguided and coerced to join.

The anti-China forces both in and out of Hong Kong are the mastermin上海419论坛女神会所

ds that have instigated and bolstered the illegal activities of violent radicals by coo

rdinating, directing, funding and whitewashing violent protests, Yang said. They have supported the wrongful actio

上海419论坛ns by promoting views such as “civil disobedience”, “only violence can solve problems”, and the “noncooperation movement”.

The immediate task for Hong Kong citizens is to stop the viole

nce and chaos and bring back order, Yang said. He appealed to the HKSAR government, its jur上海419论坛

idical organs and police to safeguard the rule of law and never be soft on violent violations of the law.

“With no punishment for lawbreaking, there would be no majesty of the law,” he s上海419论坛女神会所

aid. “The central government has unswerving support for Chief Executive Carr

ie Lam Cheng Yuet-ngor. The opposition’s attempt to force her to resign is doomed to fail.”

Yang warned the small group of unscrupulous and violent prote上海419论坛

sters and their behind-the-scenes masterminds not to misjudge restraint for weakness. “

Those who play with fire will perish by it. At the end of the day, they will eventually be punished.”上海419论坛女神会所

China’s State Council, or the cabinet, has issued an overall plan for the new Lingang area of the China (Shanghai) Pilot Free Trade Zone.

The new area will be set up to the south of Dazhi River, east of Jinhui Port, and south of X

iaoyangshan Island and Pudong International Airport in Shanghai, says the plan.

The district launched first is to cover an area of 119.5 square kilometers, it says.

According to the plan, the new section will match the standard of the most competitive free trade zones worldwide

and implement opening-up policies and systems with strong global market competitiveness.

www.uozyxg.cn

Toshiyasu Iiyama, executiv上海夜生活resident of Nom

ies and chairman of its China committee, said that the newly approved fo

上海夜生活reign-controlled brokerage is scheduled to start operations by the end of this year.

The goal is to grow itself into a comprehensive securities firm in China by sett

ing up distribution channels of financial products in the country and exploring institutional businesses, he said.上海夜生活

Public information shows five companies, including Hanhua Finance and Xiamen Fig Group, obtained the first feedb

上海夜生活品茶微信ack on May 17 from the CSRC regarding their application to set up joint-venture brokerages in the country.

With that, 18 companies are on the waiting list. The CSRC will la

ter provide a second feedback that will either approve or reject their applications.

For the international leaders who have not yet established a joint venture in China or those who have faced bumps in the上海夜生活

ir mapping in China, the limit lifted one year in advance may indicate that they will skip the joint venture option by se

上海夜生活品茶微信tting up a wholly-owned foreign entity here, said Henry Wang, a director with S&P Global.

In an announcement released by Shanghai-based Orient Secur

ities in early January, the company has received a notice from Citi Asia to cease the coo上海夜生活

peration between the two companies and transfer all its 33-percent stake in the joint venture to Orient Securities.

Industry insiders said that Citi had expressed willingness to increase its control in the eight-year-old joint venture in l

上海夜生活品茶微信ight of the relaxed grip from the central regulators. But the efforts turned out to be a failure.

The abortive attempt of Citi with Orient Securities may help the New York-headquartered financial leader to make up it

s mind and found a securities firm which it holds 100 percent control, as industry insiders inferred. Although Citi did上海夜生活

not make any comment on that, its Hong Kong-based spokesman James Griffiths said in a reply to China Daily th

at “Citi welcomes any move that leads to the further opening-up of the Chinese financial system”.

上海夜生活品茶微信Regarding the foreign securities firms’ more ambitious goals in China, Richard Huang, partner at McKinsey& Co, sugge

sted they should give full play to their abilities in managing more complicated products and structures. They s

ould focus on comprehensive wealth management rather than attracting retail customers, he said.

www.khlee.com.cn

A total of 29 people wer上海乌托邦ed on offenses includi

ding unlawful assembly and assault, according to the latest figure given by police.

上海乌托邦”Violent protesters who breached the law should also be brought to justice,” a government spokesperson said.Pro

testers hold up placards reading “No (Japan)” during a rally against Japan’s decision to remove the Republic of Kore

a from a so-called “white list” of favored export partners, near the Japanese embassy in Seoul on S上海乌托邦

Waving banners and signs and chanting anti-Japan slogans, thousands of protesters marched in Seoul on Saturday to exp

ress their anger at Japan’s decision to downgrade the Republic of Korea’s trade status amid an escalating diplomatic row.

上海乌托邦品茶微信Huge crowds swarmed the streets in front of the Japanese embassy, carrying signs that read “Boy

cott Japan” and “No Abe”, referring to Japanese Prime Minister Shinzo Abe. They shouted “We co

ndemn the Abe government” and “Let’s end humiliating South Korea (ROK)-Japan relations”.

The protesters later marched to a nearby boulevard for a candlelight vigil, also calling for the Se上海乌托邦

oul government to end a military intelligence-sharing pact with Tokyo and fully discard a 2015 deal bet

ween the countries over compensating ROK women who were forced to work in Japan’s World War II military brothels.

上海乌托邦Police didn’t immediately provide a crowd e

stimate, but organizers said about 15,000 people participated in the rallies.

The protest came a day after Japan’s Cabinet approved the removal of the ROK fro

m a list of countries with preferential trade status, which would require Japanese上海乌托邦品茶微信

companies to apply for case-by-case approvals for exports to the ROK of hundreds of items deemed sensitive.

上海乌托邦The decision followed a July measure to strengthen controls on certain technology e

xports to ROK companies that rely on Japanese materials to produce semiconduc

tors and display screens used in smartphones and TVs, which are key ROK export products.上海乌托邦品茶微信

Seoul says the Japanese trade curbs could hurt its export-dependent economy and has accused Japan of weaponizing

trade to retaliate over bilateral disputes stemming from their bitter wartime history.

www.osmsxl.cn

sters push steel barricade上海419论坛o block the street outsi

The SAR government, in a statement issued at around 6 pm on Sunday, said Hong Kong will descend to a d

上海419论坛angerous tipping point if such blatant lawlessness and violence, which is beyond freedom of expression, were condoned.

Hong Kong saw two very different crowds on Saturday afternoon. On was made up of 90,000 people who assembled peacefully in Victoria Park in Causeway Bay.上海419论坛

Observers called the peaceful, positive rally, the third of its type since mid-June, the silent majority’s answer to the radica

lism and violence mounted by protesters who have repeatedly thrown the city into chaos. Two earlier rallies saw a

上海419论坛女神会所bout 480,000 people voicing their shared aspirations of restoring peace and harmony to the city.

The damp lawns of Victoria Park were packed with participants. At one point in the pub

lic rally, youngsters took the stage to remove their masks to reveal their identities in stark contrast to masked radicals.上海419论坛

Emma Chan Ming-kwan took her 13-year-old son to the rally in hopes of teaching him “to tell right from wrong”.

“Biased school education and media reports have failed to warn youngsters about the consequences of violence,” she said.

上海419论坛女神会所A 46-year-old Hong Kong resident of Italian origin who gave his name as Renato said he attended to support Hong Kon

g police and the SAR government because he doesn’t agree with the behavior of unlawful protesters.

At about the same time in the Kowloon Peninsula, one of the city’s busiest business dist上海419论坛

ricts was almost completely paralyzed as thousands of protesters against a now-suspended extradition amen

dment bill ignored police warnings and blocked major roads, occupying a critical cross-harbor tunnel twice.

上海419论坛女神会所The area, comprising Tsim Sha Tsui and Mong Kok, is home to many luxury hotels, brand b

outiques and posh restaurants that are major attractions for locals and tourists.

On Sunday, radicals spread the violence and vandalism to Tseung Kwan O

in East New Territories and the western and central part of Hong Kong Island. In Ca上海419论坛女神会所

useway Bay, two police vehicles were set upon by masked protesters who attemp

ted to blind officers with flashlights and laser pens. Some protesters van

dalized Golden Bauhinia Square, where the flag-raising ceremony is held every day, in Wan Chai.

ovldix.cn

In March, at the globa 上海乌托邦nance forum co-host

na and France in Paris, Xi described “four deficits” in global affairs, namely a governance deficit, tru

 上海乌托邦st deficit, peace deficit and development deficit, and proposed a four-pronged approach to addressing these deficits.

Dialogue facilitates understanding among countries, as was demon

 上海乌托邦女神会所strated in the Conference on Dialogue of Asian Civilizations held in Beijing in May.

The conference aimed to create a new platform for advancing equal dialogue, mutual le

arning and mutual inspiration among civilizations in Asia and the rest of the world, Xi said. 上海乌托邦

The intensifying global challenges humanity is facing now require concerted efforts by countries across the world, he said.

 上海乌托邦女神会所hina strongly opposes a new tariff proposal from the United States

targeting $300 billion worth of Chinese imports, and vowed to take necessary

countermeasures if the move is implemented, ministry officials said on Friday.

Shortly after the 12th round of bilateral trade talks in Shanghai, the US government said on Thursday that it 上海乌托邦

would impose an additional 10 percent tariff on $300 billion worth of Chinese goods starting Sept 1. The plan will put

additional tariffs on basically all Chinese goods coming into the US, but medicines will not be affected.

 上海乌托邦女神会所The Ministry of Commerce said in a statement that China is “strongly dissati

sfied with and resolutely opposed to” the US tariff proposal. The US plan seriously violates the consensus reached

between the heads of the two countries in Japan, deviates from the right track and won’t help solve the problem, it said.

 上海乌托邦The country will have to take necessary countermeasures if the US tariffs c

ome into force, the ministry said, urging the US to correct its mistakes in a timely ma

nner, address the issues on the basis of equality and mutual respect and get back on the right track. 上海乌托邦女神会所

State Councilor and Foreign Minister Wang Yi told reporters in B

angkok on Friday that unilaterally imposing additional tariffs is surely not a p

 上海乌托邦roper approach for resolving economic and trade issues, and it violates WTO rules.

Foreign Ministry spokeswoman Hua Chunying said at a news confe

rence that China will not accept any kind of extreme pressure, intimidation or black 上海乌托邦女神会所

mail. Neither will China give in an inch on major issues of principle, Hua said.

shadoujiazu.com.cn

President urges mil上海419sh forward reforms

President Xi Jinping meets with foreign leaders invited to multinational naval events ma

上海419品茶微信rking the 70th anniversary of the founding of the PLA Navy in Qingdao, East China’s Shandong province, on Ap

Forces asked to prioritize work related to troops’ combat readiness, welfare

President Xi Jinping urged the Chinese military to continue reforming its policy system, saying this is crucial to building a world-class force.上海419

Xi, who is also general secretary of the Communist Party of China Central Committee and

上海419品茶微信chairman of the Central Military Commission, said at a meeting of the Political Bureau of the CPC Central Co

mmittee on Tuesday in Beijing that reforms of the military policy system are intended to resolve institutional hin

drances to allow the armed forces to better fit into their new roles and fulfill their new missions.上海419

He said the military must make all-out efforts to push forward reforms of its policy syste

上海419m, and he urged it to strengthen communication with service members to rally support for reforms.

Xi called for the military to integrate policy system reforms with other parts of the ong上海419品茶微信

oing military overhaul that have been ongoing for nearly four years. He also asked fo

上海419rces to prioritize work during reforms that concerns troops’ combat readiness and welfare.

The military should use new ideas and try new methods in reforms

and should also enhance research and appraisal work to facilitate reforms, he said.上海419品茶微信

Xi said the Party and central government must spare no efforts in supporting reforms a

nd that the military must update the central departments about the reforms’ development.

上海419The president also extended greetings at the meeting, on behalf of the CPC Central Committee and the Central Military Com

mission, to all members of the People’s Liberation Army and the People’s Armed Police Force as well as militiam

en and reservists as the 92nd anniversary of the founding of the country’s armed forces falls on Thursday.上海419品茶微信

In another development, Xi promoted 10 senior officers of the armed forces to the rank of general or a

上海419品茶微信dmiral at a ceremony on Wednesday at the Central Military Commission’s headquarters in Beijing.

In addition, the president recently gave citations and honorary titles to several military units and service members.

sjhtjn.cn

In the Shanghai nati 上海会所oarding circle grew t

 to encompass peers across the nation after traveling to Hebei province’s Qinhuangdao to attend a domestic skate

 上海会所boarding contest sponsored by the American company Powell Peralta-the first skateboard brand to set up in China in 1990.

The company ran a retail store in Qinhuangdao selling impo 上海会所品茶微信

rted pro boards and high-quality parts like decks, trucks and wheels, meanwhile di

stributing monthly mimeographed fliers to its customers to share the latest skateboarding news.

 上海会所That’s how I found out about the skateboarding contest,” recalls Han. “I was

really surprised and excited to see skateboarders from across the country show up at the event.”

After the unprecedented gathering, the first generation of Chinese skaters began to explore way 上海会所品茶微信

s to promote the culture across the country, including opening local skateboard stores, filming videos a

nd setting up online communities and media events to share news related to the sport.

 上海会所Han, then a salesman at a leading dairy producer, decided to quit his stable job and start a ska

teboarding business. In 1999 he opened Shanghai’s first skate shop selling boards and accessories, in

cluding sneakers, clothing and other gear. Three years later, he launched his own skateboarding brand. 上海会所品茶微信

Then, around the turn of the century, major sk

ateboarding companies also began to arrive in China, one after another, b

 上海会所品茶微信y cooperating with skateboarding shops, sponsoring skaters and organizing standardized contests.

www.ypfna.cn

The administration said 上海419论坛s gold reserves increas

d to $87.27 billion by the end of June, up from $79.32 billion in January. China had the

上海419论坛world’s sixth-largest gold reserves by the end of 2018 with a total of 1,852 metric tons.

“In 2019, the major task of foreign exchange management is to enhance mid-and long-term ass

上海419论坛品茶微信et allocation and optimize and adjust investment strategies,” the administration’s report said.

The administration also for the first time disclosed the currency composition

of the country’s foreign exchange reserves in the annual report. The reserves denom上海419论坛

inated by the US dollar accounted for 58 percent of the total by the end of 2014, down from 79 percent in 1995.

Among global foreign exchange reserves, US dollar-denominated assets m

上海419论坛品茶微信ade up 65 percent of the total by 2014, up from 59 percent in 1995, according to the report.

“China’s forex reserve currency structure is diversified, even more diversified than the world’s average level,” Wang said. “It is in line

with requirements of China’s economic and trade development, as well as the demand of international payments.”上海419论坛品茶微信

For China, most of the foreign exchange reserves, nearly 60 to 70 percent, are held as sovereign debt from

上海419论坛advanced economies as well as financial and corporate bonds with high credit ratings, experts said.

“Forex reserves will continually play an important role in cushioning deprecia

tion pressure on the renminbi and maintain a balance of international payments,” said Zhao.上海419论坛品茶微信

But it is quite unlikely for the People’s Bank of China, the central bank, to influenc

e the renminbi exchange rate through selling of foreign exchange reserves, even if t

上海419论坛品茶微信he currency may be under depreciation pressure amid global monetary easing, he added.

As of the end of June, China’s foreign exchange reserves stood at $3.12 trillion, up from $3.10 trillion by May, according to central bank data.

ex177.cn

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