Ada

The State Council releas上海龙凤419eline on Tuesday for

 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.”

www.xujiaqing.net.cn

It goes without saying t上海龙凤419 of both signatori

ies from the treaty makes the future of other such nuclear agreements uncertain. To begin with, the stability of the wo

上海龙凤419品茶微信rld order and international security could be undermined. The ruse to scrap the INF Treaty is the US’ latest one

in a series moves to nullify many international agreements and organizations since the incumbent US disp

ensation assumed office in January 2017. The US’ unilateral withdrawal from a number of multilateral agreements and mechanism上海龙凤419

s, most of which were created due to its own efforts, has put the world order based on rules under extreme pressure.

上海龙凤419品茶微信Besides, the conflict between the US and Russia is preventing them from improving bilateral relations. The actions of the US a

nd Russia have further worsened their relations following their face-off over the Ukraine crisis and the S

yrian civil war, and led to multiple large-scale military exercises by both sides in th上海龙凤419

e Baltic Sea and the Black Sea in an apparent show of strength. Their withdrawal from the INF Treaty means their ta

ctical conflict has deteriorated into a strategic conflict, which has further jeopardized bilateral relations.

上海龙凤419品茶微信Worse, the two countries’ moves could abort the international disarmam

ent process, because with the annulment of the INF Treaty, the US and Russia could dev上海龙凤419

elop new intermediate-and short-range missiles without constraints, which in turn could trigger a new global arms race.

Also, the US’ withdrawal from the INF Treaty could set off a chain reaction, as it is almost certain that Washington will now

上海龙凤419品茶微信deploy intermediate-range missiles in Europe and the Asia-Pacific region, heightening regional tensions and fuel

ling an arms race and geopolitical competition among major powers. The new arms race, which could prompt major

powers to build new types of smart weapons, would pose a severe threat to international peace and security.上海龙凤419

What is especially surprising is that some Western observers want to drag China into the discu

ssions on certain international issues regardless of whether it is a party to such issues. Re上海龙凤419品茶微信

garding the INF Treaty, which has played an important role in improving international

relations, promoting nuclear disarmament, even safeguarding global strategic balance and stability, and therefore re

上海龙凤419品茶微信mains very much relevant and significant even today, China has made clear that it is opposed to not only the US’ u

nilateral withdrawal from the treaty but also the West’s efforts to make it part of a new nuclear treaty.

www.cn-yongan.com

Besides, Japanese Pri 上海后花园Shinzo Abe wants to

o portray himself as a strong leader who brooks no nonsense so his ruling Liberal Democratic Pa

rty, along with its coalition partner Komeito, can win two-thirds of the seats in the upper house election on S 上海后花园女神会所

unday. To some extent, Japan also intends to show the United States that it will respond aggressively to any moves it con

 上海后花园女神会所siders harmful to the country, so that the US stops coercing Japan to compromise its economic interests.

Yet in so doing Tokyo has adopted the US’ unilateral strategy of using economic sanctions to resolve non-economic issues. This will harm the RO 上海后花园

K as Japan expects, but it will also deal a blow to the regional economy and stability by hindering the progress of the China-Ja

 上海后花园pan-ROK free trade agreement, especially because Seoul is mulling taking countermeasures against Tokyo, which cou

ld worsen the situation, and the US is not expected to sincerely mediate between its two allies. 上海后花园

The trade spat between the two neighbors has its roots in a series of events including the 2018 radar lock-on dispute, the closi

 上海后花园女神会所ng of Japan-funded “comfort women” foundation and the controversy over some ROK officials demanding the Ja

panese emperor’s apology for Japan’s war crimes. And the Abe administration’s displeasure with Seoul’s policies under Presid 上海后花园女神会所

ent Moon Jae-in, as reflected in Moon’s engagement with the Democratic People’s Republic of Korea, has boiled over.

But Tokyo’s move to wield the high-tech stick could draw the two countries into a vicious circle of attack and retaliation, in part 上海后花园

icular, because Seoul could respond in kind to what Moon said was an unprecedented emergency. In fact, anti-

 上海后花园女神会所Japan sentiments are raging through the ROK with some shops ceasing to sell Japanese products.

The latest Tokyo-Seoul conflict has not only created new problems for b

ilateral ties but also threatens to weaken the economic and political fabric of East A 上海后花园

sia, which would be detrimental to the further integration of the regional economies, and make it more difficult for the

world to maintain economic stability and prosperity in the face of increasing trade disputes. 上海后花园女神会所

The deteriorating relations between Tokyo and Seoul have caused much worry amon

g US elites, too, because the US’ alliance with the two countries has helped Washington to consolidate its str 上海后花园

ategic foothold in the Asia-Pacific region while Japan’s actions against the ROK could push the latter closer to China on

economic and strategic issues. But despite the souring of relations, Japan and the ROK are not likely to engage in a se 上海后花园女神会所

curity conflict, because the ROK remains highly dependent on the US when it comes to security.

Love-u.cc

ore Chinese-made produ 上海乌托邦e exported through Man

Manzhouli land port, which is located in North China’s Inner Mongolia auton

 上海乌托邦品茶微信omous region and is the largest land port of China, officially joined the China-Eu

rope Secure and Smart Trade Line Pilot Program (SSTL), according to local customs said on July 16.

Since the operation of SSTL, Manzhouli land port has issued a total of four China-Europe con 上海乌托邦

 上海乌托邦tainer trains with a total of 295 containers and 492 vehicles, valued at $16,334,300.

In the future, Manzhouli land port will continue to serve the implementation of Belt and R

oad Initiative and promote the development of China-EU customs cooperation. 上海乌托邦品茶微信

SSTL is a pilot project between the EU and Asia to fully implement the World Customs Organization Framework of Standards to Secure and Facilitate Trade, which a

 上海乌托邦llows traders to quicken customs clearance with enhanced logistics, and consumers to track goods.

The equestrian events of the 11th Traditional Games of Ethni

c Minorities of China kicked off in Hohhot, Inner Mon 上海乌托邦品茶微信

A total of 25 equestrians in seven teams from Henan, Yunnan and other province

 上海乌托邦s and autonomous regions competed fiercely in a 1,000-meter speed race at the event.

More than 300 athletes, 360 horses and 13 camels are set to compete in speed racing, horse 上海乌托邦

back riding and performance programs during the series, which ends on July 17.

 上海乌托邦品茶微信The opening ceremony for the 9th China Hohhot Minority Cultural Tourism Activities and the 20th Zh

aojun Culture Festival will be held in Hohhot, capital of Inner Mongolia autonomous region, on July 12.

The China Hohhot Minority Cultural Tourism Activities have been used to showcase minority culture since 2011, and a 上海乌托邦

lso serve as an important tool for integrating the Belt and Road Initiative with ethnic minorities. In addition, they h

 上海乌托邦品茶微信ave helped push forward cultural exchanges between ethnic minority groups.

For the past 19 years, the 20th Zhaojun Culture Festival has served as an excellent platform for showcasing the mino

rity culture and profound history of Hohhot. The event has been widely recognized throughout the country. 上海乌托邦

Organizers said that folk performances, photography exhibitions, film showings, reading festi

vals, and 29 other activities will be held this year. The event will run until September. 上海乌托邦品茶微信

The 2019 Zhaojun Cultural Forum, sponsored by the Chinese Association of Ethnology St

udies, opened on July 13 in Hohhot, capital city of Inner Mongolia autonomous region. 上海乌托邦品茶微信

The forum was themed on “the development and innovation

of Zhaojun culture in the past 70 years” and featured the participation of over 100 experts.

www.ash99.cn

In May and June, the ave娱乐地图hly deficit on forex set

 settlement and sales by banks stood at $6.6 billion, down 44 percent from H2 2018, SAFE data showed.

The reading indicated a relatively good supply-demand situation of the forex market, while monthly fluctuations refl娱乐地图

ected the overall stability of market expectations and the market-oriented adjustment of prices, Wang said.

娱乐地图女神会所According to Wang, China’s forex market showed stable sentiment amid trade frictions with the US and the exchanges bet

ween Chinese and American companies are still very close, which is playing a positive role.

“We are confident to cope with the changing situation and maintain the stability of cross-border capital flows in China,” Wang said.娱乐地图女神会所

A national bankruptcy mechanism is under discussion by policymakers, covering local gover

娱乐地图nments and enterprises, to prevent systemic financial risks, said a senior official with the central bank.

“The key task is to prevent debt default risk,” said Wan Cunzhi, director-general of the PBOC’s Credit Information System Bu

reau, at a news conference on Thursday. He said the mechanism will include inde

bted local governments, while market-oriented measures will be introduced to ease their debt burden.娱乐地图女神会所

Bankruptcy of local governments was rarely mentioned in China before, and the official didn’t re

娱乐地图lease more details on the mechanism. It reflected that policymakers have noticed the potential challe

nges and more measures are expected to strengthen financial stability, analysts said. Total local government deb

t reached 19.9 trillion yuan ($2.89 trillion) by May, according to the Ministry of Finance.娱乐地图女神会所

The State Council released a guideline on Tuesday for building a credit-based market regulation system. The bankruptcy mechanism is one part of the who

娱乐地图le 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 Development and Reform Com娱乐地图女神会所

mission. “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

y institutions and industry associations will be involved in the rating process, according to Lian.

www.chuangxiangjie.cn

Re-weighting of indexes 上海会所affect capital flows

Major stock and bond index providers have started, or have announced that they inten

上海会所d, to increase the weighting of China’s securities in their respective benchmark indexes over the course of 2019-20.

Global index provider MSCI Inc. announced in February that China’s coverage in the MSCI上海会所品茶微信

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

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

rease from the current 0.7 percent-of the MSCI-EM Index when the process is completed in November.

The FTSE Russell, the first international index provider of the Chinese mainland’s benchmarks 20 years ago, has elevated Chi上海会所

na’s A-shares to emerging market status and started adding them to the FTSEEM Index from June 24, 2019. Upon f

上海会所品茶微信ull implementation of phase 1 by March 2020, the A-shares will make up 5.7 percent of the index.

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

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

ussell and JPMorgan, are reportedly also considering adding China’s debt to their indices.上海会所品茶微信

The MSCI, FTSE Russell and Bloomberg Barclays GAB indexes cover a

sizable share of the investible markets in the world. For example, the MSCI-EM alone is tr

上海会所acked by an estimated $1.9 trillion in assets under management (AUM) from pensions, endowments, passive funds, and

other investors. And the re-weighting of these major global investment indexes is expected to result in a re-allocation of capit

al across emerging markets. As a result, China’s asset market will inevitably become more important for glo上海会所

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

上海会所品茶微信Welcome shift for Chinese firms and global investors

An increased weighting for China’s securities in these indexes in the MSCI would me

an a larger allocation of AUM by foreign fund managers into the Chinese markets. While this shift would b上海会所品茶微信

e a welcome development for both Chinese enterprises seeking financing and global i

nvestors searching for emerging opportunities, it potentially represents bad news for other emerging markets.

gzbbccc.com

eijing book expo brings 上海贵族宝贝literature to the youn

The fifth China Children’s Book Expo (CCBE), taking place in Beijing’s Cultural Palace of Natio

nalities through July 23, explores new ways of introducing literature to the young in China.上海贵族宝贝

With 161 precious Chinese cultural relics, the exhibition Three Kingdoms: Unveilin

上海贵族宝贝g The Story opened to visitors at the Tokyo National Museum in the Japanese capital on July 9.

In order to let Japanese audience have a deeper understanding of the cultural essence of China, and to strengthen the cultural上海贵族宝贝品茶微信

exchanges between the two countries, Chinese and Japanese experts spent three years visiting more than 50 cultural

上海贵族宝贝institutions in more than 20 provinces and autonomous regions in China to select the exhibits.

This year marks the 70th anniversary of the founding of the People’s Republic of China. In response to a call from the Communis

上海贵族宝贝t Party of China (CPC) Central Committee, the CCBE aims to promote to the Chinese public.

Hosted by the Xicheng district government in Beijing and the Publishers Association of China, the expo focuses on the i

nternational exchange of children’s books. It gathers works from major publishing houses abroad and in China, throu上海贵族宝贝品茶微信

gh a variety of activities, to open up the world of literature and illustrations to children.

上海贵族宝贝The expo hall is divided into sections, including a reading area, boo

k display, international illustration gallery and a writer meet-and-greet zone.

上海贵族宝贝Over 10 publishers have brought around 35,000 children’s books to the event that will feature 108 activities for visitors.

Noteworthy of the event is the attendance of international children’s b

ook publishing brands such as Scholastic, DK, Penguin Books and HarperCollins, whi上海贵族宝贝品茶微信

le the picture book exhibition onsite comprises award-winning works in 11 different languages.

上海贵族宝贝Different from conventional book expos, the CCBE combines printed books with immersive child-friendly activities – attend

ees will be able to explore reading through AR devices, reading games and live theater performances.

Exhibitors and visitors are also welcome to donate children’s books, which will later be transported to poverty-stricken areas in Chin上海贵族宝贝品茶微信

a.A three-day forum focusing on the creativity of Chinese writers and illustrat

ors and the evolution of children’s books in the digital era will take place during the expo.

www.roseway2013.org

n 1977, Wu was admit 上海419论坛o the Central Conservat

ory of Music Middle School, in Beijing. Her score for pipaperformance ranked first among candidates in the country. From 1981-1987, she stu

died at the Central Conservatory of Music (in Beijing), where she became the first reci 上海419论坛

pient of a master’s degree in the pipa(in the country). Then, she began teaching at the school. However, she was not s

 上海419论坛品茶微信atisfied with the “stable life.” In 1990, she traveled — alone — to Los Angeles (LA), to pursue further studies in the pipa.

Wu felt lost when she first arrived in LA, as most Americans, who had never seen the pipa, were not

accustomed to the musical instrument. As she struggled to adapt to her new life, Wu performed, in her 上海419论坛

spare time, in communities and primary and middle schools (in LA), to help Americans understand the beauty of the

 上海419论坛品茶微信pipa. At the same time, though, Wu felt as if she were in music heaven, because she was able to study various ge

nres of music, including jazz, musicals, electronic music and rock and roll, to her heart’s content.

To help Americans understand the beauty of the oriental mus

ical instrument, she has, for the past three decades, played the pipa during numer 上海419论坛品茶微信

ous musical performances, including recitals and symphony and chamber music concerts. As a result, ma

 上海419论坛ny Americans have become Wu’s fans. As Musical America (the oldest American magazine on classical music) noted, “She is th

e very model of a modern soloist, but more importantly, her work is part of a big step in the evolution of Western classi

cal music. Thanks to her, the pipa is no longer an exotic curiosity, let alone a complete mystery.” 上海419论坛品茶微信

Compared with Western music, traditional Chinese music tends to be more abstract, which leaves one with greater ro

 上海419论坛om for imagination. After you watch a pipa performance, you may enjoy its lasting, and pleasant, aftertaste.

Wu’s adventurous spirit and virtuosity have led to collaborations across disciplines, and ha

ve allowed her to reach wider audiences, as she has worked to break through cultural and musical border 上海419论坛品茶微信

s. As a result, an increasing number of Westerners have been fascinated by the unique charm of Wu

 上海419论坛’s “lute -like instrument.” During the past 29 years, Wu has achieved fruitful results in collaborating with Kronos Q

uartet. Early in 1995, Wu and Kronos premiered their first project, Tan Dun (a Chinese contemporary classical co 上海419论坛品茶微信

mposer and conductor)’s Ghost Opera, at the Brooklyn Academy of Music (in New YorkW

ithin a short time, Wu and Kronos embarked on a worldwide musical tour. Their performances were well received.

www.moefantasy.cn

The interim regulation 上海夜生活 clear language of the

 law in several respects,” Stephen Legomsky, a former chief coun

sel of the US Citizenship and Immigration Services, told Reuters in an email.上海夜生活

In January Trump required many asylum-seekers to wait out their cases in Mexico, known as the

上海夜生活女神会所”Remain in Mexico” policy or the Migrant Protection Protocols (MPP), with nearly 20,000 pe

ople sent back so far. It was not immediately clear how the new rule would affect MPP.上海夜生活

As an internationally renowned instrumentalist of the pipa (a plucked string instrum

ent with a fretted fingerboard), Wu Man for decades has spared no effort in promoting the tradit上海夜生活

ional Chinese musical instrument throughout the world. Given her virtuosity and collaborations across disci

plines, she has been nominated several times for the Grammy Award for Best Instru

上海夜生活女神会所mental Soloist Performance (with orchestra) and Best World Music Album. Her performances, with mus

icians from various countries, have captured the hearts of numerous music enthusiasts from around the world.上海夜生活

Wu, who has lived in the United States for the past 29 years, often misses the “good old days,” when she drank tea with her frie

nds by West Lake (in Hangzhou, East China’s Zhejiang province), accompanied by soft pipa tunes.

Born into a family of art in Hangzhou, Wu lived, when she was a little girl, in a compound inhabited by families (of art), whose上海夜生活女神会所

members worked for Peking Opera troupes, song and dance troupes and academies of fine arts. Influenced by her l

iving environment, Wu developed an interest in performing arts during her early childhood.上海夜生活女神会所

In 1977, Wu was admitted to the Central Conservatory of Music Middle School, in Beijing. Her sco

re for pipaperformance ranked first among candidates in the country. From 1981-1987, she studied at th

e Central Conservatory of Music (in Beijing), where she became the first recipient of a master’s degree in the p上海夜生活女神会所

ipa(in the country). Then, she began teaching at the school. However, she was not satisfied w

ith the “stable life.” In 1990, she traveled — alone — to Los Angeles (LA), to pursue further studies in the pipa.

www.pineapplehouse.cn

As the museum’s reput上海千花坊 more visitors ca

with many from other localities outside Lanzhou. The rising number of visitors also gave her good financial returns.

“A ticket to the museum costs 36 yuan ($5), and if you book online in advance, you can get a disc上海千花坊品茶微信

ount of 6 yuan,” she said. Despite not being free, the lure of the museum has proved to be enduring. It curre

上海千花坊ntly receives up to 100 visitors every day on average, making it the latest “must-visit site” in Lanzhou.

But breakup museums did not originate in China. In 2006, an artist couple in Croatia came up

with the idea after breaking up and established the world’s first breakup museum. The idea drew many上海千花坊品茶微信

followers, and similar museums sprang up around the world. Many in China also jumped on the bandwagon.

“I think it is a quite new, creative form of economy,” said Dou Xuecheng, a professor wit

上海千花坊h Gansu Agricultural University. “Traditionally in China, love and relationships are not to be expressed or d

isplayed in public, but as our society becomes more diverse, the attitudes of young people are changing.”

Dou said that the museum is a reflection that more people are after spiritual satisfaction.上海千花坊品茶微信

“But such forms of the economy can be short-lived,” Dou said. “

The organizers need to strengthen the content and services in the museums to prolong their life.”上海千花坊

Li Fangfang said that currently, the most important thing is to keep the museum rolling financially.

上海千花坊品茶微信”Even though we have many visitors, we also face high rent and labor costs,” she said. “B

ut we will definitely enhance our services according to the demands of our customers in the future.”

Contemporary Amperex Technology Co Ltd (CATL), China’s largest autom上海千花坊

otive lithium-ion battery maker, forecast a 120 percent to 150 percent annual profit gr

owth in the first half of 2019 amid a booming new energy vehicle (NEV) market.上海千花坊品茶微信

Net profit in the Jan-June period rose to between 2 billion yuan ($290 million) and 2.28

billion yuan, CATL said in a filing to the Shenzhen Stock Exchange on Saturday.

CATL said the strong profit growth came after it attracted more customers, strengthene、

d cost control and the NEV market boom resulted in a bigger demand for its lithium-ion batteries.

Despite sluggish sales of gasoline-powered vehicles, China’s NEV market has experienced a boom.

asrunde.cn