A screenshot of Tsinghua's official Sina Weibo account which published a letter to Wei Xiang on Tuesday. [Photo from Sina Weibo]Tsinghua University, one of the world's best universities, is willing to accept the request of a student with disability of preparing a dormitory for him and his mother so that he can complete his college study, according to China Youth Daily.
Wei Xiang, 19, scored 648 in this year's college entrance examination in Dingxi, a poverty-stricken region in Northwest China's Gansu province. Having a high possibility to be enrolled in Tsinghua, he published an article on social media on Monday to tell his story and make the request.
In the article, Wei said that he suffered from congenital spina bifida and intraspinal cysts, and although his parents sought best medical care since childhood he is unable to walk. What's worse, his father died from illness in 2005, leaving his mother alone to look after the then-7-year-old Wei.
In June, Wei met a teacher from admission office of Tsinghua who wanted to enroll him. After the initial excitement, Wei and his mother began to worry about how they will live in Beijing.
Since Wei's mother accompanies him wherever he goes due to his health condition, going to Tsinghua meant the mother had to quit her job and therefore lose the only source of income.
When Liu Zheng, the director of Tsinghua's admission office, read the request online, Liu left a message in the post, saying that Tsinghua's faculty has connected with Wei and will provide him all resources possible. "Tsinghua will not let any student drop out due to economic reasons!" he said.
The university's top leaders also expressed their concerns for Wei. Qingxiaohua, the official WeChat account of Tsinghua's admission office, wrote back a letter on Tuesday to welcome Wei.
The letter said: "Each unfortunate people find misfortune in their own way. But fortunately, you choose to be strong and diligent after experiencing torture of disease and bereavement, and live in a way that we respect and admire. "
The report said the university has prepared a free-of-charge dormitory for Wei and his mother.
The interaction between Wei and Tsinghua drew netizens' attention, with many praising both the parties.
A netizen, named "People's country", said, "God helps those who help themselves".
Another netizen, named "Yixiaoduanla", said that Tsinghua's letter not only means the school said yes to Wei, but also shows the school really cares about students.
Wei is not the only student with disability being enrolled in Tsinghua.
Yi Xiaoyuan, who suffers from rheumatoid arthritis and is unable to walk, completed four-year college studies in Tsinghua and won the school's highest level scholarship. He now studies in a graduate school in Tsinghua.
Zhu Xiaopeng, whose left part of body is paralyzed, enrolled in the Department of Chemical Engineering in 2010.
BEIJING - The shutters will close permanently at Beijing's largest clothing wholesale market, known by many as Beijing Zoo wholesale market, by the end of 2017.
The district government of Xicheng, Beijing, made the announcement as it called time on the 2,000-stall Wanrong mall in the zoo market late Monday.
Wanrong mall will be occupied by finance and hi-tech firms, the government said.
Built in the 1980s, the sprawling zoo market is loved by locals and outsiders alike for its expansive selection of sartorial products, many at rock-bottom prices.
At its height, the market had a dozen malls like Wanrong, with thousands of tenants and as many as 70,000 visitors a day. The rise of e-commerce had taken its toll on business even before the closure.
It was first announced in 2013 that the authorities intended to close the market, part of a wider push to upgrade Beijing urban functions. Low-end businesses will be moved outside the crowded capital.
The district government said seven malls in the market have been shut so far.
Officials said they will follow up on the promise to support vendors to relocate and underscored that their interests will be protected, and their businesses can grow.
About 5,000 vendors have signed deals to move to malls in cities of Shijiazhuang, Cangzhou, and Tianjin, according to the government.
Last year, Beijing relocated or repurposed 117 markets citywide. This year, another 120, which also include community food markets, will be moved or upgraded.
China has released a guideline to tackle shortages in certain medicines.
The measure is aimed at improving the nation's drug supply system and helping to coordinate the systematic reform of medical care and health insurance, Zeng Yixin, vice-minister of the National Health and Family Planning Commission, said on Wednesday.
The guideline has been issued by nine government departments, including the health commission, National Development and Reform Commission, and Ministry of Human Resources and Social Security.
Roughly 3,000 kinds of drugs are in common use in China, of which 130 are occasionally in short supply, according to Zeng.
"That's mainly due to the market gap between supply and demand," he said. "Thanks to joint efforts, 50 of the 130 are currently in regular supply."
Liang Yong (L), dubbed as "China's No 1 Fatty" and Yang Bo (alias), dubbed as "Beijing's No 1 Fatty" appear together in Xidan in Beijing, Sept 10, 2012. They appealed to the public not to discriminate against obese people, and help overweight friends lose weight. [Photo/VCG]
The obesity rate in northern China is significantly higher than that of southern China, with Beijing topping the scale, according to a recent report issued by the Chinese Center for Disease Control and Prevention.
The research team defined "overweight" adults as those with a body mass index (BMI) between 25 and 30, and "obese" adults as those with a BMI of 30 or more.
The data showed that the obesity rate in Beijing was 25.9 percent, while the average national obesity rate was 11.9 percent. Hebei ranked the second with 22.2 percent, and Xinjiang Uygur autonomous region ranked the third with 21.5 percent.
The average overweight rate in the north was over 35 percent, and the average overweight rate in the south was 27 percent. The overweight rates in Hebei, Inner Mongolia, Shanxi and Heilongjiang stood above 37 percent while the figures in Fujian, Guizhou and Guangdong were below 27 percent.
According to Wang Jingzhong, researcher with the Nutrition and Health Institute of Chinese Center for Disease Control and Prevention, the latitude in northern China is much higher than the southern regions. In the cold weather, human metabolism in the north is slower. Apart from the weather factors, obesity is also closely related to the diet structure of the people. In the north, residents eat more cereals, high fat and high cholesterol foods and often drink wine, which results in more obesity.
A research by Imperial College London found that China's obesity rate has skyrocketed in the last 30 years and the Chinese now have the highest obesity rate in the world.
Obesity is a growing concern in the country. Three decades ago, few people in China were overweight. As the economy improved after the reform and opening-up, changes in food and beverage consumption and dietary patterns contributed to obesity increase.
"Although Chinese are becoming rich, they do not have a healthy lifestyle. Western-style food has gained considerable popularity in China, although the calorie-rich junk food leads to accumulation of fat. At the same time, Chinese adults do not do enough physical exercise," said Li Guangwei, director of Endocrinology and Cardiovascular Disease Center of Chinese Academy of Medical Sciences.
Matthew Crabbe, co-author of "Fat China: How Expanding Waistlines are Changing a Nation" described China's surging rate of obesity as "a ticking bomb" underneath the country's future economic growth and public health care system. In 2003 alone, Chinese overweight and obese adults directly cost the country 21.1 billion yuan ($3.3 billion) due to increase in hypertension, diabetes, coronary heart disease and strokes.
President Xi Jinping called for full protection of the people's health in the national health conference in August 2016, stressing that public health should be given priority in the country's development strategy.
"The all-round moderately prosperous society could not be achieved without people's all-round health," Xi said, urging efforts to promote healthy lifestyles.
Xi said health is a prerequisite for people's all-round development and a precondition for economic and social development. It is also a common aspiration of all people.
The next 15 years will be an important phase of strategic opportunity to promote "healthy China", according to the "healthy China 2030" blueprint released by the central government in October 2016.
The upgrading of consumption structure will contribute to boost health services. The Chinese Nutrition Society is providing nutrition education by creating dietary guidelines to help consumers make more healthy lifestyle choices. These guidelines can be useful in assisting the population in adopting healthy eating habits which can be an important preventative measure against obesity.
A 2-meter-high robot is helping drug addicts kick the habit at a drug rehabilitation center in Guangdong.
The robot, named Le Le, from Cencun compulsory drug rehabilitation center in Guangzhou's Tianhe district can always attract many drug addicts when it is available in the center, a police officer from the center said.
Le Le can respond quickly to addicts' questions and provide accurate information and advice on getting off drugs.
"Le Le can also quickly recognize people via face recognition and human body induction," the police officer told local media.
Le Le can also report on a drug addict's mental state, any issues of concern and mood swings, and can refer the addict to doctors and psychotherapists.
"Le Le is very good at chatting with the drug addicts in the center," the police officer said.
Le Le is the first robot that has been used to help addicts in the country, the officer added.
More than 2,000 addicts have visited the Cencun compulsory drug rehabilitation center. As well as Le Le, the center has taken the lead on using VR (virtue reality) technologies to help addicts get off drugs.
"Drug addicts will be able to reduce their dependence on drugs when they are in the virtue world through electronic games, cinemas and stories," the police officer said.
Cats and monkeys live together in a monkey enclosure in Kunming Zoo in Kunming, Yunnan province, June 27, 2017. [Photo/VCG]
Cats and monkeys have turned out to make good roommates at a zoo in Kunming, Southwest China's Yunnan province, the Chuncheng Evening News reported on Tuesday.
Zookeepers turned to the feral felines when a rat infestation began causing problems in the monkey enclosure about three years ago.
The vermin stole food from monkeys, spread disease and displeased visitors, zookeeper Wang Ang said.
Cats and monkeys live together in Kunming Zoo, June 27, 2017. [Photo/VCG]
Wang said the rats bred quickly as a result of the abundance of food provided to the monkeys by zookeepers and tourists. Living in small holes on the monkey hill, the rats proved hard to deal with.
Zookeepers tried pouring water down their holes and hitting them with brooms and catapults, but it made little difference.
They also considered poisoning the rats but were worried about harming the monkeys.
The cats keep the rats under control in the monkey enclosure at Kunming Zoo, June 27, 2017. [Photo/VCG]
Two years ago, the zoo introduced two stray cats, but they proved unwelcome guests and were killed by the monkeys.
The zoo tried again, upping the number of cats to seven. Again the monkeys bullied their new roommates at the beginning, but, this time, the two sides gradually learnt to live peacefully together.
According to Wang, the monkeys even made room for their guests in one of the rooms set up for the monkeys, and they would pick flees from the cats during the day.
The monkeys have even made room for the cats in one of their shelters at Kunming Zoo, June 27, 2017. [Photo/VCG]
The monkey enclosure is now almost completely free of rats, said the keeper.
With new kittens born, the number of cats living on monkey hill has risen to 12.
Guangzhou Metro has introduced women-only carriages during rush hours as it looks to stamp out sexual harassment.
The city's subway system, which turns 20 this year, began piloting the service on Line 1 on Wednesday, with each train having one "ladies-first" car.
Guangzhou Metro Corp, the network operator, said male passengers are not prohibited but are encouraged to avoid the cars during morning and evening rush hours.
The company is alerting passengers to the service through posters and ground stickers on platforms and in carriages. Volunteers are also spreading the word at stations.
"We hope to promote the civilized concept of caring and respecting women through long-term advocacy," the company said in a statement.
The service was first proposed by Su Zhongyang, a member of the Guangdong provincial committee of the Chinese People's Political Consultative Conference, as a way to prevent sexual harassment on crowded trains.
Guangzhou Metro has 10 lines and carries 7.3 million passengers a day on average.
DALIAN -- Chinese Premier Li Keqiang on Tuesday delivered a speech at the opening ceremony of the Annual Meeting of the New Champions 2017, also known as the Summer Davos Forum, in Dalian.
The following is the full text of Li's speech:
Address by Premier Li Keqiang at the Opening Ceremony of Annual Meeting of the New Champions 2017
Dalian, 27 June 2017
Professor Klaus Schwab,
Your Excellencies Heads of Government,
Ladies and Gentlemen,
It's a great pleasure to meet you again in this beautiful city of Dalian. On behalf of the Chinese government, let me offer our warm congratulations on the opening of the Eleventh Annual Meeting of the New Champions, and extend a sincere welcome to all guests coming from afar and to members of the media.
Yesterday evening after my meeting with Professor Schwab and some of the delegates, we went to a viewing deck and enjoyed the sceneries around us. We saw green hills in the distance shrouded in a thin mist, which sometimes hid them from view. But it was only temporary. The mist eventually cleared away, and the mountain is always there. This scenery reminded me of the current state of the global economy. On the one hand, signs of world economic and trade recovery have begun to emerge and the new round of industrial revolution has given people new hope. Economic globalization has become an irreversible trend. On the other hand, global economic recovery remains weighed down by lack of growth drivers and structural imbalances that are yet to be fundamentally addressed. Backlash against globalization has worsened, compounded by rising geopolitical risks. If the hills represent stability of the global economy and the mist uncertainty, then stability will prevail over uncertainty as long as we harden our resolve and make relentless efforts.
In his keynote speech at the Annual Meeting of the World Economic Forum early this year, President Xi Jinping elaborated on China's firm commitment to economic globalization and free trade, which has been widely acclaimed by the international community. The theme of this annual meeting, "Achieving Inclusive Growth in the Fourth Industrial Revolution", is highly relevant to our times.
A review of world history shows that each of the industrial revolutions has brought about leapfrogging expansion of productivity and huge progress of civilizations in general. This round of industrial revolution, fostered in the era of economic globalization, is changing our world in a way unseen before in terms of speed, scope and depth of transformation, giving a strong boost to economic growth of all countries. However, if not managed properly, this round of change may also lead to lack of inclusiveness in growth. Some people may benefit more than others, traditional industries and jobs may take a hit, and returns on capital and labor may diverge further. Addressing these issues well is of both social and economic importance. Lack of inclusiveness will render part of the workforce and resources idle, and deepen the divide within society and between regions. This would hinder the tapping of market potential, aggravate the social divide, and make growth unsustainable. In contrast, inclusive growth makes societies fairer and development more widely beneficial. Realizing inclusiveness and achieving sustainable development are therefore two sides of the same coin.
Compared with the previous times, the new industrial revolution offers greater promise in fostering inclusive growth. Driven by Internet, digital and intelligent technologies, it has created new supply and demand, greatly expanded development space and brought unprecedented opportunities for equal participation. Now, it is much easier for anyone to log on the Internet to start a business, pursue innovation and create wealth. SMEs can get on the same starting point as big companies and foster new champions through integrated innovation. Developing countries can better leverage their comparative strengths and latecomer advantage. The key is to take vigorous and effective steps to turn these possibilities into reality and help more people, businesses and nations achieve greater progress in the new industrial revolution.
Promoting inclusive growth in our times calls for upholding economic globalization, which has greatly facilitated the flow of goods, capital and people, and provided bigger markets for producers and more choices for consumers than ever before. All countries are beneficiaries in this process. At the same time, countries, both developing and developed, have encountered challenges of different forms in adapting to economic globalization. However, these problems cannot be blamed on economic globalization per se. What is important is how to adapt or respond to it. To give an analogy, one cannot blame the uneven ground for his sprained ankle and stop walking altogether. Instead, we must better adapt to and steer economic globalization forward, uphold the authority and efficacy of the multilateral system, and promote investment and trade liberalization and facilitation. In the meantime, we need to reform and improve international economic and trade rules to secure equal rights, equal opportunities and equal rules for all countries in international economic cooperation.
Some people talk about the question of "fair trade". In fact, free trade, as the underlying driving force for economic globalization, is the prerequisite for fair trade. Restricting free trade will not make trade fairer. Fairness is an inherent requirement of free trade, and unfair trade will not be sustainable. When problems and trade disputes arise, it is advisable to take into account the national conditions of the other side, conduct consultation on the basis of equality and mutual accommodation, seek areas of converging and balanced interests and find win-win solutions through complementarity. All countries should be treated equally under international and multilateral rules. Imposing unilateral rules on others is much less advisable than pursuing all-win outcomes.
Promoting inclusive growth requires the hard work of countries themselves. Against the backdrop of economic globalization and new industrial revolution, a country's ability to seize the opportunities to speed up economic development and address challenges of unemployment, widening income gap and poverty is very much shaped by its own choices and actions. We should put in place better institutional arrangements incentivizing efficiency and equity, develop a model of balanced and inclusive growth, and provide opportunities for equal participation by all. We should make education future-oriented to help the workforce better adapt to industrial transformation, remove structural hindrances to employment, and give more support to vulnerable groups to enable all to benefit from development. Talking about sustainable development, one should not fail to mention responding to climate change, which is the shared responsibility of the international community. China will honor its commitments under the Paris Agreement and carry out climate response measures on the ground, as this is also required for China's green development.
Not long ago, China successfully held the Belt and Road Forum for International Cooperation. The Belt and Road Initiative, which follows the principles of extensive consultation, joint contribution and shared benefits, provides a wide platform for inclusive development and offers new opportunities for all countries and businesses. We look forward to the active participation of all sides for interconnected and win-win development through mutually beneficial cooperation.
Ladies and Gentlemen,
China has been an active facilitator of inclusive growth. More inclusive growth in our country has been an important reason why the Chinese economy has maintained steady growth in recent years despite the sluggish world economy. In keeping with the principles of innovative, coordinated, green, open and shared development and the trend of economic globalization and the new industrial revolution, we have highlighted inclusiveness in our development strategies, and worked to promote inclusive growth through providing institutional guarantee and policy support. This has helped us to blaze a path of inclusive growth with distinctive Chinese features. Naturally, we are still feeling our way forward along this path.
We have given priority to employment in pursuing development. Employment is the foundation for achieving inclusive growth. Without relatively full employment, inclusive growth would not be possible, and there would be no solid foundation for generating greater income and wealth. China has a workforce of over 900 million. Every year, about 13 million students graduate from colleges and secondary schools and a large number of rural surplus labor migrate to towns and cities. We see employment as a key indicator of economic performance and promoting steady growth is mainly for the purpose of securing employment.
We have implemented a proactive employment policy to boost total employment, address key employment issues and help vulnerable people. We encourage the creation of jobs by business start-ups. We have launched targeted employment programs for college graduates, supported migrant workers in starting up businesses back in their hometowns, and provided employment assistance to laid-off workers from industries with excess capacity, vulnerable urban residents and people with disabilities. The aim is to make sure that each family has at least one person on a stable job. Over the past few years, over 13 million new urban jobs have been created on a yearly basis, and surveyed urban unemployment rate has been kept at around 5%. A recent survey conducted by an authoritative international organization on various development indicators has ranked China's performance on employment at the very top of the world. In the meantime, people's income has been rising in tandem with economic growth, the Gini Coefficient is gradually going down and the ranks of middle-income earners have steadily swelled. This is a truly remarkable achievement for a major developing country with more than 1.3 billion people and an important contribution to inclusive growth.
We have encouraged more people to go for entrepreneurship and innovation. It also helps broaden the channel of employment. To make sure that everyone takes part, contributes and shares the benefits is the essence of inclusive growth. It is also what drives entrepreneurship and innovation in today's China. In recent years, China has earnestly implemented the strategy of innovation-driven development, and promoted mass entrepreneurship and innovation by fostering enabling conditions. These efforts have yielded better-than-expected results.
China's entrepreneurship and innovation are based on extensive public participation. Not only enterprises and research institutions are engaged in this effort, but more and more ordinary people are also joining in to make the best of their creative capabilities. This is aptly described by a Chinese idiom: Eight immortals crossing the sea, each with their own magical power. For the past three years since 2014 when we first put forward this initiative, an average of 40,000 new market entities have been set up every day, including some 14,000 newly registered enterprises. Business activity rate has stood at around 70%, and in May, the daily count of newly registered enterprises even reached 18,000.
China's entrepreneurship and innovation are driven by cooperation among different market entities. We have built open and sharing platforms of mass entrepreneurship and innovation, where innovation players of various kinds interact online and offline. Pooling their wisdom and efforts has made entrepreneurship and innovation more efficient, less costly and faster. The Global Innovation Index 2017 issued by the World Intellectual Property Organization and others a few days ago put China at 22nd place, 13 spots higher from 2013 and topping the middle-income economies. China's entrepreneurship and innovation have delivered benefits to all. The Chinese government has adopted an accommodating and prudent regulatory approach toward new industries, new business forms and models, such as e-commerce, mobile payment and bike-sharing, which have enabled their fast and healthy development. As a result, people's lives are made more convenient and a large number of jobs are created. Of all the new jobs created last year, about 70% were contributed by new growth drivers.
Mass entrepreneurship and innovation have given more people the opportunity to better their lives and thus improved opportunities for vertical social mobility. China's entrepreneurship and innovation have greatly advanced economic transformation and upgrading and raised our competitiveness. It has brought about fast growth of emerging industries and re-energized traditional ones, boosting new driving forces for development. Last year, the market value of China's sharing economy reached 3.5 trillion yuan, growing by more than 100% year-on-year, and 600 million people got involved in sharing. Thanks to the large population involved, China's entrepreneurship and innovation have gained a fast and strong momentum and provided an effective means to achieve inclusive growth.
We have continued to raise the standards of basic social welfare for our people. China is the world's biggest developing country. Meeting the basic needs of the over one billion people, such as subsistence, housing, education and medical care, is a huge challenge. Through painstaking efforts, China has put in place three social safety nets covering the entire population, i.e. basic pension, basic medical care and compulsory education. We have made utmost efforts to improve the living and working conditions of the low- and middle-income group, especially people living in poverty, and carried out major projects to improve people's livelihood, including rural poverty alleviation and rebuilding of run-down areas in cities. As a result of our efforts in the past 30 years and more, over 700 million Chinese have been lifted out of poverty, creating a Chinese miracle in the history of poverty reduction. We are now putting in targeted poverty alleviation efforts with the goal of taking the remaining 40 million rural poor out of poverty by 2020.
There used to be about 100 million people living in urban run-down areas in China. In the past eight years, we have invested over six trillion yuan in cumulative terms to ensure proper housing for over 80 million people by rebuilding more than 30 million run-down housing units. This is equivalent to housing the whole population of a relatively big country. Inclusive growth has delivered a better and more dignified life to our people and made our economy and society more dynamic and sustainable. That being said, China remains a developing country, and it still has a long way to go before the fruits of development can be shared among all its people and modernization realized.
Ladies and Gentlemen,
The Chinese economy has maintained a momentum of steady and sound growth this year. The first quarter saw 6.9% growth with marked improvement in economic performance, and major economic indicators have continued to move in a positive direction in the second quarter. Power generation, freight volume and new business orders have increased notably. Profits of industrial companies above the designated scale have increased at double-digit rates. Foreign exchange reserves have started to grow again, and the RMB exchange rate has been basically stable. In particular, employment has been strong with surveyed unemployment rate for urban areas falling to 4.91% in May, the lowest level in years. Citing the growing strength of new drivers and steady progress in economic rebalancing in China, a number of international organizations and research institutions have recently revised up China's growth forecasts, reflecting optimistic market expectations.
Pleased as we are with solid performance of economic indicators, we feel even more encouraged by valuable changes in our economic structure. In recent years, facing downward pressure, we did not resort to massive, indiscriminate stimulus measures or follow the previous pattern of excessive investment and resource consumption. Instead, we have kept readjusting our economic structure through reform and innovation and secured a major shift from too much reliance on export and investment to generating growth through consumption, the service sector and domestic demand. Last year, consumption became a primary growth driver, contributing 64.6% to economic growth; The added value of the service sector accounted for more than half, or 51.6% of GDP; Current account balance to GDP ratio dropped to 1.8%, showing that domestic demand has become a strong pillar of the economy. These major changes point to the qualitative improvement in the Chinese economy and have made our growth more stable and sustainable.
Having said that, we are also facing significant economic difficulties and challenges, which we are fully prepared to tackle. Given the complex and volatile external environment, short-term and marginal fluctuations of some economic indicators are inevitable at this crucial stage of transformation and upgrading of China's economy, but the overall trajectory of stability and growth will remain unchanged, and we are fully capable of fulfilling this year's main targets and tasks of development. We will stay committed to seeking progress while maintaining stability, accelerate economic transformation and upgrading through supply-side structural reform, and strengthen the internally-driven development.
We will deepen reform across the board and unleash greater dynamism of economic development. Reform will be stepped up in fiscal, taxation, financial, SOEs, state-owned asset and other key areas. Focus will be put on streamlining administration, delegating government powers, and cutting taxes and fees to lower institutional transaction costs and ease burdens on companies. Efforts will be made to expand market access, promote fair competition, provide better services, and remove investment and development barriers for private enterprises. Structural tax reduction policies will be implemented and charges on businesses overhauled. On top of the two trillion yuan worth of cuts in taxes and charges for businesses in previous years, we will introduce a further reduction of one trillion yuan this year, and make sure that market entities can truly feel the benefit of these measures.
We will continue to advance structural adjustments and accelerate the shift from old growth drivers to new ones. We will keep to innovation-driven development, seek greater progress in mass entrepreneurship and innovation, and push forward integrated innovation among large companies, SMEs, research institutions and makers. This will help foster new clusters of emerging industries, and encourage the transformation and upgrading of traditional industries with new technologies and new business forms. We will continue to cut excess capacity and phase out backward capacity in such areas as steel, coal and coal-fired power generation in a market- and law-based way. As China joins the ranks of middle-income countries, consumption is of crucial importance. Greater consumption will expand market potential in big ways and stimulate job creation. To upgrade consumption, we will keep improving the consumption environment, stimulate consumption demand and cultivate new areas of consumption. These measures will not only improve people's lives, but also provide new impetus to economic growth.
Proactive efforts will be made to expand opening-up and build a globally competitive business environment. We will move faster to develop a new, open economic system in keeping with economic globalization and the new industrial revolution. We will further ease market access in service and manufacturing sectors, relax foreign equity caps in some areas of interest, advance and improve the negative-list regulation model. Domestic and foreign companies are treated equally in the application of supportive policies. We will roll out measures to help them get registered at one-stop services and have their application handled within a time limit. We will encourage foreign-invested companies to reinvest their profits in China, support multinational companies in setting up regional headquarters in China, and encourage foreign investment in Central and Western China and old industrial bases such as Northeast China. In the coming five years, China will import US$8 trillion worth of goods. A Chinese economy which enjoys a sound momentum in the long run and becomes increasingly open will bring more opportunities to the rest of the world and remain the most attractive investment destination. We welcome businesses from across the world to invest in China and grow stronger with the Chinese economy.
We will step up efforts to prevent and control economic and financial risks and stave off systemic risks. Potential risks do exist in some areas, but they are generally under control. We are taking effective measures to tackle and remove them in a timely way. For China, the biggest risk is that of stalling growth. We will continue to take coordinated measures to prevent and address risks in the course of promoting economic development. With a relatively low government debt ratio among major economies and a relatively high savings rate, capital adequacy ratio of commercial banks and provision coverage ratio, we are fully capable of fending off risks and ensuring that the economy performs within a reasonable range, maintains medium-high growth rate and moves to the medium-high level.
Ladies and Gentlemen,
As a Chinese saying goes, "The sea is vast as it admits all rivers." An inclusive world will be a more splendid place. We are ready to work with all countries to achieve inclusive growth in economic globalization and the new industrial revolution, build a community of shared future, and create an even brighter tomorrow for mankind.
To conclude, I wish this Annual Meeting a complete success.
BEIJING -- President Xi Jinping said the non-governmental forum of the Conference on Interaction and Confidence-Building Measures in Asia (CICA) will contribute to regional peace and stability, and common prosperity.
The two-day meeting of the forum, which carries the theme "25 Years of CICA: for Asia's Security and Development," began Wednesday in Beijing, and the Chinese president sent a congratulatory letter to the forum's second meeting.
The non-governmental forum was established based on a proposal by Xi at the Shanghai Summit of the CICA in May 2014. The first meeting was held in May 2015, offering a new channel for publicizing CICA security concept and promoting regional security governance.
Xi said in the letter that the CICA, which celebrates its 25th anniversary of founding this year, has served the common expectations of Asian countries seeking security and development in the region.
Since holding the chair of the CICA in May 2014, China has made efforts to advocate and implement the common, comprehensive, cooperative and sustainable Asian security concept, and support the establishment of a new regional security and cooperation framework. China has also sought to expand the partner network and mobilize non-governmental entities to offer advice and suggestions.
According to China's Foreign Ministry, the second meeting was attended by around 300 former political leaders, scholars, experts, media professionals, NGO representatives and diplomatic envoys in China from member states, observer states, observer organizations of CICA and relevant regional countries.
The attendees will discuss topics such as seeking common, comprehensive, cooperative and sustainable security in Asia; establishing security architecture tailored to Asia; and implementing a consensuses concerning the Belt and Road Initiative.
DALIAN -- Chinese Premier Li Keqiang on Wednesday said free trade is a "good medicine" to help global economic recovery, calling for joint effort to promote a key pro-trade agreement of the World Trade Organization.
The premier made the remarks when answering a question from Patrice Motsepe, founder and executive chairman of African Rainbow Minerals, in a meeting with global business leaders at the ongoing Annual Meeting of the New Champions 2017, or Summer Davos, in Dalian.
DALIAN -- China's Internet Plus plan welcomes the participation of foreign enterprises, Chinese Premier Li Keqiang said on Wednesday, vowing to open wider in the sector.
He made the remarks when meeting with world business leaders during the Annual Meeting of the New Champions 2017, also called Summer Davos, in the northeastern coastal city of Dalian.
DALIAN -- Despite twists and turns, China and the United States have developed sound economic and trade relations, forming an inseparable community of shared interests, Premier Li Keqiang said Wednesday.
He made the remarks when meeting with world business leaders during the Annual Meeting of the New Champions 2017, also called Summer Davos, in the northeastern coastal city of Dalian.
DALIAN -- Chinese Premier Li Keqiang said Wednesday that China has made contributions to the international society in the reduction of excessive capacity.
The capacity glut in some industries is the result of quantitative easing policies adopted after the global financial crisis, and needs to be addressed by concerted efforts, Li said.
He made the remarks when meeting with world business leaders during the Annual Meeting of the New Champions 2017, also called Summer Davos, in the northeastern coastal city of Dalian.
DALIAN -- China's reform needs the participation of foreign capital, companies and wisdom, Chinese Premier Li Keqiang said on Wednesday, pledging easier access into the Chinese market and a level playing field.
The premier made the remarks when answering a question from Dutch multinational Royal DSM's CEO Feike Sijbesma in a meeting with global business leaders.
Chen Shuyin (2nd L) receives an award as a junior high school student at the No 2 Middle School of Zhanjiang in this undated photo. [Photo/The WeChat account of the No 2 Middle School of Zhanjiang]
A 12-year-old girl in Guangdong province scored 620 in the national college entrance exam this month — 135 points more than she needed to enroll at a top university in the province.
Chen Shuyin from Zhanjiang ranked 1,882th from 341,611 students who took the exam's science test.
Zhanjiang Daily reported that Chen entered middle school when she was 7 and was enrolled in an experimental class at age 9.
Her parents pay close attention to her education, using efficient learning methods and creating a healthy balance between study and rest, according to the report.
A 10,000-tonne vessel domestically designed and produced is launched on June 28, 2017. [Provided to chinadaily.com.cn]SHANGHAI -- Chinese navy's new destroyer, a 10,000-tonne vessel domestically designed and produced, was launched Wednesday at the Jiangnan Shipyard (Group) in Shanghai.
The destroyer is the first vessel of China's new generation of destroyers. It is equipped with new air defense, anti-missile, anti-ship and anti-submarine weapons.
A 10,000-tonne vessel domestically designed and produced is launched on June 28, 2017. [Provided to chinadaily.com.cn]
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Hong Kong should strengthen its collaboration with mainland and consolidate its role as an international financial center to maintain its long-term prosperity and stability as the economy of Chinese mainland grows, Choi Koon-shum, chairman of the Chinese General Chamber of Commerce, said.
"Hong Kong enjoys a lot of unique advantages under the principal of one country, two systems. It is not only an important metropolitan in our country like Beijing and Shanghai, but an international financial center like New York and London," Choi said, encouraging Hong Kong to grasp the opportunity under the nation's economic takeoff.
Facing challenges from an increasing competitive environment, Choi said the nation has given Hong Kong a clear orientation for its future development. According to the 13th Five-Year Plan (2016-20), the central government will support Hong Kong to maintain and improve its status as international financial, shipping and trade center as well as reinforce its role as global offshore renminbi business hub and international asset management center.
Compared with Shanghai and Singapore's robust financial market, Choi said Hong Kong's position as an international financial center is irreplaceable in China.
"Shanghai is an important financial center in the mainland under the socialist system while Hong Kong's finance market has been developing under the capitalist system and we enjoy comparable reputation with New York and London. And Singapore is a third-party country which cannot share the same standpoint with China like Hong Kong does when it comes to financial security issue," he said.
Besides maintaining its traditional advantage in finance, trade and modern service, Hong Kong also needs to diversify the economy and seek potential in emerging industries such as technological innovation, he said.
"As a world-level open market, Hong Kong is able to create a good platform for global innovative talent and scientific research institutions. The government plans to build an innovation and technology park with Shenzhen in Lok Ma Chau Loop to speed up our development of innovation and technology," he said.
Choi believed that it would be a great operation pattern to collaborate Hong Kong's fund-raising advantage with Shenzhen's innovation strengths and finally achieve industrial development.
He said there remained great business opportunity for the Hong Kong-mainland cooperation under the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area construction.
"We could take advantage of our long-time interaction with the ASEAN countries to put forward the cooperation along the 21st Century Maritime Silk Road. And it is our organization's current priority to connect mainland companies and go out together under the B&R Initiative, "Choi said.
We shall integrate the nation's hard power with Hong Kong's soft power as a super connector to make more economic achievement in the global arena, he said.
According to Choi, the Greater Bay Area plan is a great opportunity for Guangdong to make economic transition and industrial upgrading and Hong Kong shall play a more positive role in it and make a brighter future for all the parties involved through dislocation development and coordinated development.
"The construction of the Greater Bay Area is key to Hong Kong's future and it should become a priority of our future work," he said
Choi acknowledged that Hong Kong's incredibly high property prices remain a worry for young people and it is caused by the shortage of land supply. But he called it a "happy problem".
"The high house price indicates that Hong Kong is a very attractive place and people have confidence in our future. If no one would like to come here, the price will not be that high. To address the issue, we should proceed with the land supply," he said. "Hong Kong is a diversified, open and inclusive city and we welcome friends from mainland and overseas to keep coming and inject vitality to our economy."
Founded in 1900, the Chinese General Chamber of Commerce is one of the oldest and largest chambers of commerce in Hong Kong with a membership of over 6,000, including associations, companies and individual members. It has been playing an active role in attracting foreign investment in the mainland and is committed to maintain Hong Kong's long-term prosperity and stability by serving Hong Kong's business circle and enhancing their connection with mainland.
Premier Li Keqiang meets with Finnish Prime Minister Juha Sipila in Dalian on Tuesday. Photo provided to chinadaily.com.cnPremier Li Keqiang said on Tuesday that China and Finland share great potential for further cooperation in winter sports, environmental protection and cutting-edge technology when meeting Finnish Prime Minister Juha Sipila.
Sipila attended the opening ceremony of the Annual Meeting of the New Champions 2017, also known as Summer Davos in Dalian, Liaoning province.
Finland is one of China's important partners in Europe, especially in Northern Europe, the premier said. China is willing to work with Finland to carry forward the traditional friendship, expand innovation cooperation and push forward bilateral cooperation to a new stage, Li said.
Li also called on the two sides to expand cooperation in fields such as information communication, intelligent manufacturing, energy conservation and urbanization. He also said the two nations can jointly explore third-party markets and strengthen cooperation in tourism, civil aviation and people-to-people exchanges.
In response, Sipila said Finland expects to work with China in areas of smart cities, environmental protection, clean energy, food, digital information and winter sports. Finland supports China's hosting the 2022 Winter Olympic Games and welcomes tourists and investment from China, he said.
The premier extended his welcome to Finland as it assumes the rotating presidency of the Arctic Council from 2017-19. He said China will take this opportunity to further boost cooperation with Finland under the framework of the Arctic Council.
After their meeting, the two leaders witnessed the signing of several cooperative documents on energy, sports and sustainable development.
How devastating would the Republican health care legislation be if enacted? Leighton Ku, a leading health care expert and director of director of the Center for Health Policy Research at the Milken Institute School of Public Health at George Washington University, told NBC that, based on the Republican House bill, cuts in funding for Medicaid […]
Authored by Cyril Widdershoven via Oilprice.com, Saudi King Salman’s decision to appoint his son Mohammed Bin Salman (MBS) as the new crown prince did not come as a surprise. For months, the power struggle between former crown prince Mohammed Bin Nayef (MBN) and MBS happened in plain sight, and a confrontation was imminent. However, King […]
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Oliver Stone’s series of interview with Russian President Vladimir Putin – conducted between July 2015 and February 2017 – has garnered a lot of attention, albeit in most cases not for the right reasons. In a much-noted appearance of Stephen Colbert’s comedy show, the liberal host attacked Stone for not confronting the Russian leader for his alleged […]
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DALIAN, June 28. /TASS/. The Russian Ministry of Economic Development plans to start free trade zone (FTZ) negotiations with India and Egypt and make a temporary pilot agreement with Iran, Deputy Minister Alexei Gruzdev told reporters on Wednesday. “Regarding India and Egypt, I think we will start talks this year, probably closer to the year-end. […]
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TASS: Business & Economy – Russian government may establish $1.7 bln digital economy fund <iframe src=”//www.googletagmanager.com/ns.html?id=GTM-KX9ZXT” height=”0″ width=”0″ style=”display:none;visibility:hidden”></iframe> All news News Search Topics ОК Use filter You can filter your feed,by choosing only interestingsections. ]]> ]]> LIVE On a subject: Search result: ]]> MOSCOW, June 28. /TASS/. The Russian government is currently discussing an […]
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TASS: Business & Economy – Microsoft antivirus software able to protect equipment against Petya ransomware — company <iframe src=”//www.googletagmanager.com/ns.html?id=GTM-KX9ZXT” height=”0″ width=”0″ style=”display:none;visibility:hidden”></iframe> All news News Search Topics ОК Use filter You can filter your feed,by choosing only interestingsections. ]]> ]]> LIVE On a subject: Search result: ]]> MOSCOW, June 28. /TASS/. Microsoft antivirus software is […]
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Li Jianhong, chairman of China Merchants Group. [Photo by Zhan Qianhui/chinadaily.com.cn]Hong Kong can play a leading role in the Guangdong-Hong Kong-Macao Greater Bay Area by taking advantage of its outstanding business environment and position as an international financial, shipping and trade center, Li Jianhong, chairman of China Merchants Group, said.
According to Li, Hong Kong's business climate kept improving since its return to China under the guidance of one country, two systems, providing a friendly hard and soft environment for a variety of companies from mainland and overseas.
"As the world's freest market and a society with rule of law, Hong Kong has provided a very outstanding business environment for China Merchants Group to compete with other international enterprises at a rather fair arena. The city's unique status as an international financial, shipping and trade center as well as the world's largest offshore renminbi hub enables us to combine our strength as a state-owned enterprise with the advanced mechanism of the global market," the chairman said.
Hong Kong has been playing an irreplaceable role in supporting the nation's economic takeoff since the reform and opening-up and it will keep maintaining its unique advantage as a super connector in the future by positively participating the Belt and Road Initiative and the construction of the Greater Bay Area, Li said.
"Compared with other major cities in the Greater Bay Area like Macao and Shenzhen and Guangzhou, Hong Kong enjoys distinctive advantages in finance, shipping and trade, which makes it an irreplaceable city in the area's future development," he stressed.
The chairman also encouraged Hong Kong to grasp the opportunity of the Belt and Road Initiative to push forward the nation's further opening-up and deepen China's connection with the rest of the world.
"Promoted under the new economic trend, the Belt and Road Initiative is aimed at a win-win development globally. It is initiated by China, but the benefit will be shared by the whole world. Our company will take advantage of our global resources and Hong Kong's favorable business atmosphere to carry out cooperation under the initiative," he said.
He emphasized that the B&R needs specific action besides slogan. It also needs a good business model to avert some countries' and regions' reliance on economic aid by China.
"The initiative is meant to export China's capability and develop investment destination's economy. Investors, no matter state-owned companies or private ones, should make sustainable investments and take profits into consideration, rather than providing one-way assistance," Li said.
China Merchants Group, as a state-owned enterprise based in Hong Kong, has made great contribution to the city's long-term prosperity and stability and will keep promoting the city's future development, Li said.
Iranian cyclist Mohammad Javad Hafzi poses for a photograph during the 21st edition of World Transplant Games kicked in Malaga, Spain, on June 27, 2017. Iranian sportsmen and women continue to bring honor to their country at the ongoing 21st edition of World Transplant Games in Spain, and have so far scooped fourteen medals at […]
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The Agreement between the Government of the Russian Federation and the Government of the Independent State of Samoa on Mutual Abolition of Visa Requirements for Citizens of the Russian Federation and Citizens of the Independent State of Samoa signed in Wellington on April 4, 2017, will come into force on July 9, 2017. This Agreement […]
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WASHINGTON (AP) - Abbe Lowell's clients have included some of the country's most prominent politicians, companies and celebrities.
The latest addition to the lawyer's list: Jared Kushner, the son-in-law of President Donald Trump.
In selecting Lowell to represent him in Russia-related investigations before Congress and special counsel Robert Mueller, Kushner ...
This is a controversial source. The views of David Duke are not shared by everyone within the anti oligarchical empire movement. Commentary by Dr. Patrick Slattery — Given Julia Ioffe’s history with the Alt-Right, it would be fun to invoke inflammatory rhetoric, or even a fun meme, to describe this event. Out of respect for […]
For all those who have become awake and conscious or otherwise put; have escaped the western media pit of lies and brainwashing, the six year long resistance of the Syrian people in the face of the US Deep State and its terrorist proxy troops ISIS, Al Qaeda et al has been a deeply tragic but […]
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RECONSIDERING RUSSIAJune 28, 2017 This wide-ranging interview includes discussions of Mr. Pozner’s parents’ activities in the French Resistance in World War II, the Pozner family’s emigration to the USSR, the Khrushchev Thaw, the reaction of Soviet society to the Cuban Missile Crisis, Mikhail Gorbachev’s glasnost and perestroika, space bridges between American and Soviet societies…. from […]
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In 24 hours, there were registered 21 occasions of the ceasefire violations on the contact line by the Ukrainian army. This was reported today in the Operational Command of the Republic. “Over the past day, the Ukrainian Armed Forces committed 21 violations of the ceasefire regime,” the source said. According to the Command, 13 settlements of […]
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A sudden hacking attack on corporate, bank and government bodies computers in Ukraine clearly showed the low level of cybersecurity in the country, the DPR Communications Minister Viktor Yatsenko said on Tuesday. “Today at noon, a virus infected computer networks of large Ukrainian companies, including government systems. It can be said that the level of […]
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Few people today recognize the name Joe Pyne. In the 1960s, Pyne was the most popular talk show personality in America. He had been an early – possibly the first – pioneer of interactive call-in talk radio and by the mid-1960s he was an innovator in talk television, as well, with an audience of 10 […]
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Chinese nationals spend an average of three hours a day on their smartphones, ranking second in the world after Brazilians who spend two additional hours on their phones, according to a survey by a German internet company.
In just a few years, smart phones have transformed from a communication tool into a daily necessity, allowing people to order food, hail a cab, shop online, manage wealth, and socialize at their fingertips.
But with such convenience comes overuse and addiction. People always feel uncomfortable whenever they are not with their smartphones.
The survey found that Brazilians spend the most time on their smartphones, about five hours a day, followed by Chinese, who spend three hours on their phones. People in the United States, Italy, Spain, South Korea, Canada, and the United Kingdom spend more than two hours a day on their mobile devices.
According to UK mobile technology consultant Tomi Ahonen, people look at their phones about every 6.5 minutes. This means they check their phones 150 times a day over a 16 hour period.
Children are also likely to follow their parents' habit. A survey of 1,000 children ranging from ages 0-5 showed that 80.4% of children use smartphones, and more than half of their parents believe that mobile phones put their children at ease.
Fear of missing out contributed to the high amount of phone checking, said Zhu Yanshao, a researcher with the Division of Social and Engineering Psychology at the Institute of Psychology under the Chinese Academy of Sciences. They hope to finish their personal affairs in the shortest possible time, and it becomes a habit, Zhu added.
The lack of leisure activities is the main reason for Chinese people's smartphone addiction. Offline activities in China, such as sports, travel, art shows, and reading are not as popular as they are in other countries and regions; on the contrary, China has 668 million netizens, eight-nine percent of whom browse the internet with their phones. The internet is how they mostly kill the time.
Though smartphones bring entertainment and conveniences, they can have negative effects on health. Staring at a screen for a long period of time can cause eye or spine damage. Smartphones are also associated with lower quality of sleep, and high blood pressure and an elevated heart rate are also unfavorable results.
WASHINGTON (AP) - Three months ago, Republicans condemned political groups aligned with President Donald Trump for doing almost nothing to promote a health care bill. Now they think one of the groups may have gone too far.
Senate Majority Leader Mitch McConnell decided Tuesday to call off a planned vote ...
HONG KONG - Johnny Ng, the first post-doctorate student from Hong Kong at Tsinghua University, could not understand Mandarin two decades ago and did not expect his business to thrive on the Chinese mainland.
Ng, chairman of Hong Kong United Youth Association, came to Beijing in 2004 for study, and unexpectedly found technology professionals who lent support to his company Titanium Group, which specializes in facial recognition systems. Years later, his products are widely used on the mainland.
His experience offers an example of closer ties between Hong Kong and the mainland, with Hong Kong entrepreneurs finding business opportunities on the mainland and helping sustain Hong Kong's global competitiveness.
July 1 marks the 20th anniversary of Hong Kong's return from British rule and the establishment of the Hong Kong Special Administrative Region (HKSAR).
The past two decades witnessed the ascent of Hong Kong's global competitiveness, supported by a sound business environment, solid infrastructure, and a complementary Chinese mainland market.
The HKSAR was rated the most competitive among 63 economies, followed by Switzerland, Singapore and the United States, the second year in a row to occupy the top spot, according to the International Institute for Management Development (IMD) World Competitiveness Yearbook 2017.
Hong Kong ranked third on the IMD World Competitiveness scoreboard in 1997, trailing the United States and Singapore.
Among the four competitiveness factors in IMD World Competitiveness Yearbook 2017, Hong Kong ranked top globally in "government efficiency" and "business efficiency," according to the HKSAR government.
The indicators that stood out among the most improved economies were related to government and business efficiency as well as productivity, and these economies "have maintained a business-friendly environment that encourages openness and productivity," said Arturo Bris, director of the IMD World Competitiveness Center.
The view was echoed by Xiao Geng, professor at the University of Hong Kong, who said that the competitiveness of Hong Kong mainly came from its open and free market tradition and institutions.
"Although costs of production factors such as talent and land are very expensive, the transaction costs of making trade and finance deals are low, so that Hong Kong is becoming a global hub for trade, investment and finance," he said.
The steady rise of Hong Kong's global competitiveness was reflected in other leading rankings including the Global Competitiveness Index released by the World Economic Forum (WEF).
Ranked in the top 10 for the fifth consecutive year, Hong Kong achieved a strong and consistent performance, the WEF said in its Global Competitiveness Report 2016-2017.
The WEF cited the highly sophisticated and trustworthy financial sector, competitive and open market, as well as the flexible and efficient labor market as key factors supporting Hong Kong's high ranking.
"Behind the highly efficient trade and financial markets is Hong Kong's solid public infrastructure, both hard and soft, including high-density urban housing and transport systems, independent and robust legal and financial institutions, stable currency regime, and clean and efficient civil services," said Xiao, also president of the Hong Kong Institution for International Finance.
Hong Kong has been ranked among the world's most business-friendly economies since the World Bank began to release its Doing Business report in 2005. The Doing Business 2017 report ranked Hong Kong fourth for ease of doing business among 190 economies, compared to fifth in the previous report, said Klaus Koch-Saldarriaga, member of the World Bank's Doing Business team.
The Doing Business report finds that Hong Kong has created a better business environment in the past decade. Since 2008, Hong Kong has implemented 21 reforms to make it easier to do business, which translated into substantive improvements in the local business regulatory framework, he said.
HONG KONG-MAINLAND TOGETHER
The rise of Hong Kong's global competitiveness was in tandem with the reform and opening up of the mainland, whose ranking on the IMD World Competitiveness Yearbook climbed from 27 in 1997 to 25 in 2016 and jumped to 18 in 2017.
The remarkable improvement of the Chinese mainland in the ranking can be traced to its dedication to international trade, and "this continues to drive the economy and the improvement in government and business efficiency," said Bris of the IMD World Competitiveness Center.
Hong Kong is not alone in its competitiveness stamina, as it is partly a reflection of Chinese mainland's ascent in global competitiveness over the last two decades, said Wendy Liu, head of Nomura China equity research.
Under the "one country, two systems," Hong Kong is not only able to preserve the free market ecosystem but also deepen its economic integration with the mainland, particularly with the neighboring Guangdong Province, Xiao said.
"The complementary cities of Shenzhen as the mainland's top innovation center, Guangzhou as its major international and domestic trade hub, and Foshan and Dongguan as its key manufacturing bases, have helped Hong Kong deepen its financial markets for cross-border transactions, as demonstrated by the successful launch of a number of cross-border bridging services for trading of stocks and bonds in Hong Kong," Xiao said.
"Unlike our parents' generation who made profits by setting up plants on the mainland, young people in Hong Kong can tap the career development potential given by opportunities like the Belt and Road Initiative and the construction of Guangdong-Hong Kong-Macao Greater Bay Area," Ng said.
Challenges, hopes ahead
The HKSAR is not without its challenges to keep its global competitiveness, including innovation bottlenecks and high living costs.
"The challenge for Hong Kong is to evolve from one of the world's foremost financial hubs to become an innovative powerhouse," noted the WEF's Global Competitiveness Report 2016-2017.
Many say a top challenge facing Hong Kong is the lack of property supply. Hong Kong's low taxation, efficient governance, safe and clean environment and beautiful nature are appealing to talents and investors, but many have been held back by the high costs for housing and private education, said Liu.
Xiao believes that the main challenge for Hong Kong in the future is keeping its competitive institutions while relaxing a number of its physical and social bottlenecks and constraints in land, property and talents.
"Despite marked improvements, there are still areas to tackle in order to ease the business climate for local entrepreneurs in Hong Kong and achieve long-term sustainability of very good results, as there is room for improvement in the areas of registering property, trading across borders and resolving insolvency," said Koch-Saldarriaga of the World Bank.
However, Hong Kong will be able to maintain its global competitiveness since the main factors behind its success, including strong commitment of the central government to the "one country, two systems," deep and expanding mainland markets, and resilient market systems, have not changed, Xiao said.
"If Hong Kong entrepreneurs can fully tap the huge market and technology potential in the mainland, that will greatly help Hong Kong to keep its global competitiveness," Ng said.
RINF The new United States Ambassador has asked that New Zealanders give him, and US President Donald Trump, a fair go. Mr Brown received a powhiri and a military guard of honour at Government House, before showing his credentials to the Governor-General Dame Patsy Reddy. Mr Brown is a former US Senator and served in […]
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This isn’t only about U.S. President Barack Obama’s secret policy on Syria; it’s also about his successor President, Donald Trump’s, adopting that secret policy, and about the U.S. press keeping this policy secret from the U.S. public — effectively blinding America’s voters so they can’t see, much less understand, the U.S. government’s ongoing international looting-operation, nor even […]
If you look at a modern map of the world’s most populous cities, you’ll notice that they are quite evenly distributed around the globe. Metropolises like Moscow, New York, Tokyo, Cairo, or Rio de Janeiro are spread apart with very different geographic and cultural settings, and practically every continent today can claim at least one […]
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TASS: World – Kyrgyzstan vows to step up cooperation with Russia <iframe src=”//www.googletagmanager.com/ns.html?id=GTM-KX9ZXT” height=”0″ width=”0″ style=”display:none;visibility:hidden”></iframe> All news News Search Topics ОК Use filter You can filter your feed,by choosing only interestingsections. ]]> ]]> LIVE On a subject: Search result: ]]> BISHKEK, June 28. /TASS/. Kyrgyzstan’s authorities plan to expand all-encompassing and mutually beneficial partnership […]
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The Emirati envoy to Russia says the Saudi-led bloc of states involved in a diplomatic spat with Qatar are mulling even more economic pressure on the tiny Persian Gulf state, including reducing ties with their own trade partners that choose to continue working with Doha. Omar Ghobash told the British daily The Guardian on Wednesday that the […]
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Turkish troops drive their tanks on September 4, 2016 on a road near the Syrian village of al-Waqf near al-Rai, a small border town with Turkey. (Photo by AFP) The Turkish military claims it has fired back at US-backed Kurdish militia after they targeted the anti-Damascus militants it supports in Syria. It said on Wednesday […]
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Mr Chairman, Colleagues, I am grateful to you for the opportunity to speak at such an important forum. As you know, there are two eternal Russian questions: who is to blame and what is to be done. It is impossible to answer the question of what is to be done without understanding the causes of […]
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