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However, this seems 上海品茶微信nlikely since very little

preparatory work has been done in advance of the G20 meeting between the two leaders,” Lach

 上海品茶微信man said. “The most that I am expecting from this meeting is an ag

reement to continue talking and agreeing to a schedule for future meetings.”

“If that proves to be the case, markets could be disappointed,” he said.

Douglas Paal, vice-president for studies at the Carnegie Endowment for International Pe 上海品茶微信女神会所

ace, told Xinhua that if there is agreement to keep talking, “Wall Street should be happy.”

“But I think Trump is more invested in the talks failing and helping with the 2020 elect 上海品茶微信

ons, than in having to defend any agreement under Democrats’ attacks,” Paal said.

 上海品茶微信女神会所The shared accommodation boom is sweeping across China, with transaction volume rising 37.5 percent year-on-year to 16.5 billion yuan  ($2.4 billion) in 2018, a new report said on Tuesday.

The report, released by the State Information Center, shows the country’s main shared accommodation platforms offered 3.5 million housing units in nearly 500 cities last year.

Chengdu, Sichuan province topped all other cities in terms of the number of active users, followed by Beijing, Shanghai, Chongqing and Xi’an in Shaanxi province.  上海品茶微信女神会所

According to the report, second- and third-tier cities are accelerating the push to embrace shared accommodation services that offer short-term low-cost lodging.

Lijiang in Yunnan province, Qinhuangdao in Hebei province and Guilin in Guangxi Zhuang autonomous region have seen signi 上海品茶微信女神会所

ficant jumps in the number of short-term lodging platforms’ stayed nights, rising 650, 600 and 300 percent in 2018 respectively.

The report noted an increasing number of young people prefer to start a business in platforms that offer shared accommo

dation, as 70 percent of major shared accommodation platforms hosts were born in the 1980s and 1990s.

Specifically, more females prefer to be a host on those platforms, occupying 60 percent of the total on main shared accommodation platforms.

Vacationing with pets is a new trend in the market, the report said. More than 40 percent of sh

ared accommodation users have pets, among which 66.7 percent prefer taking pets on vacation.

The report came as the nation’s sharing economy marches into a new stage, where quality matters more than expansion speed. The report said the an

nual growth rate of the shared accommodation market is expected to remain around 50 percent over the next three years.

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The 5.1 percentage point growth of leverage ratio is

s out of ou上海品茶微信女神会所r expectations, and it was maintained because of countercyclical policies,” said Zhang Xiaojing, a senior economist with the CASS.

But the deleveraging process should continue, and more measures will be introduced to ease the debt burden, especially

for the private sector, said Lian Weiliang, deputy head of the National Development and Reform Commission.

One of the key measures is to further promote the debt-to-equity s

wap program, to inject more social funds into indebted companies through holding the co

mpanies’ shares, the NDRC official said. “We will choose more qualified private companies to join this program.”

By the end of April, the total value of debt-to-equity swap reached 2.3 trillion yuan ($332.8

billion). More than 20 percent was for the centra上海品茶微信女神会所l State-owned enterprises, inclu

ding China Baowu Steel Group Co Ltd, State Power Investment Co Ltd, and China Shipbuilding Industry Corp, acc

ording to data from the State-owned Assets Supervision and Administration Commission.

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42

ietnam surpassed India to become the largest buyer of Chin

a’s photovoltaic products. Export value to Vietnam rose 239 times to $739 million in the fi

rst quarter, taking up 16.8 percent of China’s total photovoltaic export value.

With the European Union ending its anti-dumping and anti-subsidy meas

ures, photovoltaic exports from China to Europe also saw large increase in Q1.

The country’s photovoltaic products export volume to the Netherlands and Spain increased 1,049.6 percent and 158.3 perc

ent, respectively, in the first quarter, said the report. It predicted that the emerging markets, such as Mexico, Aus

tralia, Turkey, and the United Arab Emirates will further boost the export of China’s photovoltaic modules.

The export of China’s photovoltaic products to the United States dropped 28.9 pe

rcent to just 0.01 GW in the first quarter, the report said. The Section 201, Section 3

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All of the respondents said they wanted to install the app

pplication software platforms of the Fengyun satellites for weather forecasting, as well as climate and environment monitoring.

They also requested a range of services, especially in monitoring rainfall, droughts, dust stor

ms, heavy fog and lightning, in addition to training courses on Fengyun meteorological satellite data ana

lysis, remote-sensing applications and data collection.

Many countries along the Belt and Road have high mountains, deserts, oc

eans and a lack of accurate meteorological information. The number of me

teorological disasters in the regions is more than double the global average, the administration said.

Wei Caiying, deputy general-director of the National Satellite Meteorol

ogical Center, said that real-time disaster monitoring by meteorological satellites co

uld provide these countries with a scientific basis for disaster prevention and reduction.

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Now that it has reached middle-income status, China’s eco

nomic strategy will focus on creating a highly competitive domestic market that forces com

panies to produce high-value goods so they can pay high wages to highly skilled people.

Because of its long experience in manufacturing, much of tha

t push will be focused on higher value-added production, using the new technologies of r

obotics, artificial intelligence, the internet of things and 5G. This is the only way to avoid the middle-income trap.

The reform and opening-up policies are exactly the kinds of market-driven reforms

needed to make this happen. The Chinese government is investing heavily in research and development, but it sho

uld be noted that the R&D spending as a percentage of GDP is still lower than that of the US.

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Opening up of film market leads to vibrancy

the 22nd film of Marvel Cinematic Universe, has made more than $2 billion globally wit

h over $576 million, nearly a third of the total, being contributed by the Chinese market.

The percentage of Hollywood films contributing to China’s box office has witnessed a gradual decline in recent years

thanks to the rise of successful Chinese films including The Wandering Earth and Dying to Survive.

Due to its explosive growth in third-and fourth-tier cities, the Chinese movie market is certainly poised to become the larg

est in the world in the not too distant future. Last year, China’s total box office exceeded 60 billion yuan ($8.9 billion), gra

dually closing the gap with the United States whose box office was about $11.6 billion. China has become such a form

idable force in the global film industry that international film producers cannot afford to overlook it.

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Government pledges more red tape cuts of items requiri

China will further cut the number of items requiring certificatio

n and refine the procedures through institutional inno

vation to improve government services and foster a more enabling business environment.

The decision was made at the State Council’s executive meeting, chaired by Premier Li Keqiang on Sunday.

Participants at the meeting agreed that the government’s efforts in recent years to repeal unwarranted certification requ

irements and deepen the reform of government functions have produced notable results.

“These are crucial steps benefiting both companies and individuals

,” Li said. “At a time when the economy still faces uncertainties, removing these unjustified cer

tification requirements will help boost market vitality and improve the business environment.”

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hina’s growth a source of hope for allong proclaimi

With Chairman Mao Zedong proclaiming the founding of the People’s Republic of China on

Oct 1, 1949, the Chinese people began leaving behind a century of colonial humiliation and building a new life.

What remains poorly understood by the wider world even seven decades later is how dire were

the conditions in China during those days. While China sustained its triumph, Chinese people’s living stan

dard 70 years ago was barely 5 percent relative to their counterparts in the United States.

It was a dire starting point.

Transitions that raised China’s living standard

In the late 1970s, Deng Xiaoping introduced “reform and opening-up” policies

and established special economic zones, which ultimately facilitated China’s entry int

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91

The kind of view that he expressed is certainly in th

 right direction, and I’m encouraged by all of that,” said Jack Perkowski, a Wall S

treet veteran and founder and managing partner of JFP Holdings in New York.

Perkowski said that when combined with a perceived lack of legal enforc

ement, the issue of protecting IPR has always been the single biggest hurdle for most

companies from the United States when thinking about entering the China market.

He said every aspect of doing business in China has gotten better in the past two decades in the view of international investors.

Perkowski said IPR protection has emerged as a key issue. “China is deve

loping economically and technologically, so the bar is getting higher,” he said.

Savio Chan, CEO of US China Partners Inc, a business development f

irm, said the government’s crackdown on “squatting”-registering a large number of tradem

arks in order to unfairly profit-will improve the environment and help enterprises build brands with real value.

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40

Apart from proposing to build a community of shared

future for mankind in his speech at the headquarters of the United Nation

s in September 2015, and in his report for the 19th National Congress of the Communist Part

y of China in October 2017, Xi has pledged on different occasions to build a peaceful, safe, prosperous, open, incl

usive, clean and beautiful world to let the sunshine of a community of shared future for mankind illuminate the world.

The world, which is going through a phase of adjustment that features huge development and fundamental changes, faces

great and unfamiliar turbulent situations — the overall trends of peace and development are irreversible, while ins

tability and uncertainty are prominent. Some problems and challenges are unprecedented, and the interna

tional community faces crucial choices concerning the future of the world and the fate of humanity.

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