To resolve the proble上海千花坊articipating in the prog

ram may harm banks’ capital adequacy, regulators will support banks to issue perpetual de

上海千花坊bt – a type of debt without a maturity date – to replenish their capital. Foreign investors will also be allowed to own st

akes in the financial investment firms that take part in the debt-for-equity swaps, the guideline said.

Meanwhile, the guideline said that good-quality and com上海千花坊女神会所

petitive companies with high leverage ratios will be encouraged to participate

in the program and the country will step up efforts to enhance asset pricing of swaps.

上海千花坊Various measures will also be unveiled to lower corporate leverage and properly handle the debt issues of loss-making “zombie c

ompanies”, the guideline said, urging financial institutions to keep monitoring the risks of corporate debt.

Li Longhai, an analyst at Dongguan Securities Co上海千花坊女神会所

Ltd, said that the measures will help banks offload distressed debt from their

balance sheets and will help ease the pressure from the rising nonperforming loans.

“It will also benefit private companies and help them resolve debt risks. And it could sav

上海千花坊女神会所e companies that have strong growth potential but are in temporary difficulties,” Li said in a research note.

As of June 30, the contract value of the debt-for-equity swap program reached 2.4 trilli

on yuan ($350 billion) with about 1 trillion yuan already in place and ready for investment. The value of new contr上海千花坊

acts of debt-for-equity swaps signed in this year reached 390 billion yuan, according to the NDRC.

上海千花坊女神会所Zeng Gang, deputy director of the National Institution for Finance and Developmen

t, said: “The debt-for-equity swaps will improve the financing ability of companies, reduce

their borrowing costs and boost their profitability as well as their business sustainability.”

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On the other hand, the上海乌托邦economy is not showing

optimistic signs. In May, the US’ industrial output declined 1.5

上海乌托邦percent year-on-year. In June, its composite purchasing managers’ index was 51.5-th

e second lowest since 2016. This means the US Federal Reserve could announce interest cuts to stimulate the US economy in

the short term, which in turn suggests the US’ economic growth in this round has almost reached its peak.上海乌托邦女神会所

According to US-China Business Council’s recent data, in actual terms, China’s exports to the US declined by m

上海乌托邦ore than $18 billion, accounting for 3 percent of China’s total exports to the US. And US exports to China dropped by m

ore than $23 billion, accounting for 15 percent of the US’ total exports to China. So even though a trade war is a lose-lose ga

me for both sides, the US stands to lose more than China were the trade war to intensify.上海乌托邦女神会所

More important, China is not afraid of a trade war, because it can use it to deepen reform and o

pening-up. In fact, the trade war has prompted China to accelerate reform and opening-up in order to p

上海乌托邦女神会所romote inclusive development in not only the country but also the rest of the world.

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

d Economic Cooperation. The views do not necessarily reflect those of China Daily.上海乌托邦

Zha, based on a mythical figure in Chinese folklore, has been a box office phenomenon while reviving memories of o

ne of the best cartoon films in China’s modern history. China Daily writer Zhang Zhouxiang comments:

Within five days of hitting the screens, the film had made 1 billion yuan ($145 m上海乌托邦女神会所

illion). In fact, for three successive days its single-day sales exceeded 200 million yuan.

Ne Zha has won unprecedented high popularity from the market and applause from p

上海乌托邦女神会所rofessionals, which is quite rare. Even on Douban, China’s equivalent of IMDb where audiences and commentato

rs are rather critical, it got a rating of 8.7 out of 10, possibly one of the highest in the website’s history.

But on domestic social media networks, some have compa上海乌托邦

red it with Prince Ne Zha’s Triumph Against the Dragon King, an animated movie t

上海乌托邦女神会所hat hit the screens in 1979. Based on the same legendary story, the traditional film is cherishe

d by most people born in the 1980s, because it’s possibly the first animated movie they watched.

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High-tech spurs growt上海夜网condhand goods market

n the first half of 2019, a total of 6.86 million used cars

上海夜网were sold across China, up 3.9 percent year-on-year. Overall sales hit 43.4 billio

n yuan, according to the latest data from the China Automobile Dealers Association.上海夜网品茶微信

Luo Lei, deputy secretary-general of the China Automobile Dealers Association, said earlier that the booming market is tha

nks to the central government’s decision to remove limits on the flow of used vehicles across regions.

上海夜网Since last year, China has ramped up efforts to scrap limits on cross-region flow of used

cars, as part of the country’s broader push to make the automobile industry globally competitive.

“This will encourage consumers to switch cars more frequently and

help enterprises to adjust their plans and explore untapped demand,” Luo said.上海夜网品茶微信

China has about 240 million cars on the road, data from CADA showed, yet about 78 percent are from first-and second-tier cities.

“But demand for used vehicles chiefly comes from consumers in small cities, resulting in huge dema

上海夜网品茶微信nd-supply imbalances geographically,” according to data from Youxin, an online used car dealer.

To tap into the demand, major car dealers including Renrenche, Youxin and CA

RS are all gearing up to enter more cities and provinces to boost market share.上海夜网

Major ride-hailing firm Didi is also entering the mar

ket by buying used vehicles directly from Renrenche in a bid to lower costs.

上海夜网品茶微信”The transaction volume between the two sides is likely to exceed

2 million vehicles in three years,” said Renrenche in an earlier statement.

Major internet behemoths are also joining the fray.

xshp118.cn

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Sun said in a letter o 上海乌托邦 that he had the “profou

und respect and humility” to communicate with Caixin, and would like to have a “transpar

 上海乌托邦品茶微信ent, unreserved conversation” with Caixin to talk about the business of his company and industry development.

He also expressed his apologies to Sogou CEO Wang Xiaochuan, who Sun once derided as a “wa 上海乌托邦

ge earner” while calling himself an “entrepreneur” during an interview with the Chinese news website Jiemian.

 上海乌托邦Specifically, Sun said he will introduce his business and industry development to and cooperate with re

gulatory agencies, meet their requirements and maintain on-time responses and long-term communication. 上海乌托邦品茶微信

Wanda Sports is very confident in the outlook of China’s sports industry and believes the sports market in China could be a

 上海乌托邦most promising one across the world,” said Yang Hengming, chief executive officer (CEO) of the company.

As a sports-related unit of Chinese conglomerate Dalian Wanda Group, Wanda Sport 上海乌托邦

s Group Co started trading Friday with initial public offering (IPO) of some 23.8 million American deposit

 上海乌托邦品茶微信ory shares (ADSs) priced at eight U.S. dollars per ADS on the Nasdaq Global Market under the ticker symbol of “WSG.”

The three core businesses of Wanda Sports, namely the mass participation, spectator sports, and digital, production, sports so

lutions (DPSS), are competitive among the world’s leading players in the sports industry. “Over the past three yea 上海乌托邦

rs, Wanda Sports has made significant progress in terms of revenue, profit and cash flo

 上海乌托邦w. Our business in China develops notably well,” Yang told Xinhua Friday after its IPO ceremony.

“Wanda Sports is going to play a greater role in China’s sports m 上海乌托邦品茶微信

arket and is dedicated to advancing the market at large,” said Yang.

Yang believes that being listed on Nasdaq fits Wanda Spor

 上海乌托邦ts’s global presence well and will help increase its international visibility.

Wanda Sports has expanded the footprint of its business to Europe, North America

and Asia with some 60 overseas offices and more than 1,600 employees across the world. 上海乌托邦品茶微信

Considering the valuation of the company and current market conditions, W

anda Sports adjusted down the size of its offering to approximately 190.4 million dollars.

www.bendidaojia.cn

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hina’s courier sect上海419论坛inues to expand in H1

China’s courier sector keeps steady expansion in the

上海419论坛first half of the year (H1), according to the State Post Bureau (SPB) Thursday.

The combined revenue of the sector in domestic market hit 21上海419论坛

3.8 billion yuan ($31.08 billion), up 18.3 percent year on year, SPB data showed.

上海419论坛女神会所A total of 27.13 billion parcels were handled during the period, up 25.8 percent from a y

ear ago, and June alone saw 5.4 billion parcels delivered, according to the SPB.

Cross-border courier services rebounded fast thanks to the countr上海419论坛女神会所

y’s preferential policies, booming online retail sales and higher clearance efficiency.

上海419论坛The business revenue of the cross-border service increased 16.9 percent to 33.86 billion yu

an in H1 compared with a year ago, with 630 million parcels delivered during the period.上海419论坛

China plans to extend the courier network and improve computer systems, services and int

上海419论坛女神会所ernational connections by 2020, when the target annual revenue of the courier sector will hit 800 billion yuan.

Sun Yuchen, or Justin Sun, the 29-year-old cryptocurrency entrepreneur and this year’s Warren Buffett lunch winner, apologized

for his excessive marketing and publicity stunt on the Chinese social media platform Weibo on Thursday.上海419论坛

Sun said the lunch meeting came from his admiration of Warre

n Buffett and his love for philanthropy, and he also wanted to take the opportunit

上海419论坛女神会所y to promote the blockchain industry, though it turned out to be an overblown marketing attempt.

The Chinese entrepreneur won the auction for this year’s Buffett lun

ch with a record high $4.57 million bid in June, while he canceled the planned lunch m上海419论坛

eeting, claiming he had “a sudden kidney stone attack” in a Tuesday post on Weibo.

上海419论坛女神会所However, according to a Wednesday report from Chinese media outlet Caixin, Sun was put on a border control list by C

hinese authorities that would restrict him from traveling abroad for allegations includi

ng illegal fundraising, money laundering, gambling and spreading pornography.

chengduyidong.cn

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Even though profits of 上海夜生活firms continue dropping

 the decline is narrowing from the 3.3-percent year-on-year drop in the first quarter (Q1) to 1.9 percent in Q2, said Zhu.

上海夜生活女神会所On the positive side, manufacturers of consumer product posted fast profit growth, and pr

ofits of firms in the hi-tech manufacturing and strategic emerging industries continue expanding.

In the January-June period, consumer product manufactures saw their profits increase 7.4 pe上海夜生活

rcent year on year. Producers from the hi-tech manufacturing reported a 2.3-percent gro

上海夜生活wth, while profits of those from the strategic emerging industry climbed 0.4 percent.

Meanwhile, Saturday’s data showed progress in the country’s e

ffort to help reduce corporate leverage through supply-side structural reform.上海夜生活女神会所

The asset-liability ratio of major industrial firms decline

d to 57 percent at the end of June, down 0.3 percentage points from a year earlier.

For State-owned industrial companies, the ratio fell 1.1 p

上海夜生活ercentage points to 58.5 percent, according to Zhu.

n a factory of Sany Heavy Industry Co Ltd, China’s leading m

achinery equipment maker, robots are working alongside human workers.上海夜生活女神会所

In an orderly, accurate and efficient manner, they are producing

concrete pump trucks that will be used to build the world’s tallest skyscrapers.

上海夜生活Smart factories like this are nothing new in Central China

‘s Hunan province. Over the past few decades, it has been leveraging int上海夜生活女神会所

elligent manufacturing for industrial upgrading as well as high-quality economic development.

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A previous release sa 上海419Heyu was a former pol

 to rehear the case, as it believed after a series of investigations, reviews of files and materials, as well a

 上海419品茶微信s visits with people involved in the case, that the 2007 ruling was based on the wrongful application of laws.

The 1999 ruling will also be reviewed at the rehearing, the court added.

The case received national attention in April when a local newspaper reported several gangs, including one led by Sun, were 上海419

smashed in a crackdown against organized crimes in Kunming. Sun was then detained for the gang activities.

The case triggered widespread public concern over possible corruption in the judicial and prison syst

 上海419品茶微信ems after follow-up stories discovered Sun was the same man convicted of the multiple charges in 1

998 and that he had therefore mysteriously escaped death and been living as a free man.

Sun became shareholder of several enterprises and controlled many bars after leaving prison. 上海419

As the controversies were spreading on Chinese social media, a central inspection group to fight gangrelated cri

 上海419品茶微信mes arrived in Yunnan, and demanded a thorough investigation of how Sun appeared to have escaped justice.

In an early release of the inspection group in May, 11 people in Yunnan, including a former senior prison official and a local high cou 上海419

rt judge, had been detained over their possible roles in helping Sun escape capital punishment.

By Friday, the number of officials involved in Sun’s case had increased to 20, according to the official release.

 上海419品茶微信Sun’s case also sparked public speculation because of his various identiti

es and family connections, who were widely believed to have sheltered his legal activities.

However, specific information about Sun’s family released on Friday shows that statements previously spread online were u 上海419

ntrue, especially the speculation that Sun’s biological father was a very influential person.

 上海419品茶微信Chen Yue, Sun’s biological father, joined the Kunming Public Security Bureau in 1 973 aft

er leaving the army. He divorced Sun’s mother, Sun Heyu, in 1982, and left the police in 1985

www.shangmenli.cn

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The piano concerto Dr 上海夜生活ed Chamber was join

tly composed by Yang and Hungarian composer Gyula Fekete. It was co

 上海夜生活品茶微信mpleted in 2014 and has been performed both in and outside China. Yang later improved the

arrangement of the piece and the new version was debuted in her Malaysian hometown, where she was accompanied by

the China National Symphony Orchestra under the baton of renowned conductor Tang Muhai. 上海夜生活

Spending most of her career in China, Yang is dedicating more of her ti

 上海夜生活me to promoting ties between China and Malaysia, both of which she now calls home.

Yang was born in 1974, the year Malaysia and China established diplomatic relations. Recent

ly, she joined China’s Guangxi Symphony Orchestra on a performance tour of Malaysia to mark t 上海夜生活品茶微信

he 45th anniversary of bilateral diplomatic relations between the two countries.

“Malaysia is close to China and the two countries cooperate across various fields,” she

 上海夜生活says. “As a Malaysian and a Chinese daughter-in-law, I feel I need to do more to promote that.”

A series of events, collectively named “Chongqing Day,” kicked off at

the ongoing International Horticultural Exhibition in Beijing on Thursday 上海夜生活.品茶微信

The events will introduce the economic development, local products, tourist attractions and culture of Chongqing.

The Chonqing Garden was also opened to the public, which displays the city’s distinctive pla

 上海夜生活品茶微信nt life and geological features. The garden will host 10 art performances with local characteristics.

An exhibition of intangible cultural heritage will also be held

in the garden, featuring paper cutting, stone carving, wood carving and more. 上海夜生活

Multiple high-speed railways will shorten journeys to nearby regio

 上海夜生活品茶微信ns and help develop closer business ties across the country, Chen Hong reports.

With a newly approved railway hub development plan, Zhanjiang in South China’s Gu

angdong province is gaining new momentum to accelerate its economic growth to become a regional leader 上海夜生活.

According to the new plan, five high-speed rail lines will intersect

 上海夜生活品茶微信in the downtown area of the southern port city, cutting the journey time to other cities in

the province and more efficiently connecting Zhanjiang with the rest of the country.

www.ashtt.com

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The defendant appealed上海千花坊but the origina

al ruling was supported by the Nanjing Intermediate People’s Court.

上海千花坊”Although Jiang didn’t touch the girls directly, his behavior also seriously harmed the children,” the court said.

Courts nationwide have always exhibited “zero-tolerance” for defendants上海千花坊女神会所

who sexually assault juveniles, and those who harmed children with extremely cruel beha

上海千花坊vior were sentenced to death without hesitation in line with the Chinese Criminal Law, the statement said.

Statistics from the top court show that courts across the country concluded 3,567 cases of child上海千花坊女神会所

molestation last year, 605 more than in 2017. From January to June, the number reached 1,803.

Defendants in about 30 percent of these cases caused sexual harm to children throu

上海千花坊gh instant messaging tools, and victims have become younger, the statement said.

“The rising figure, on one hand, means legal awareness to protect juveniles has been enhanced in society, while on the ot

her hand it represents that the judicial fight against such offenses has also been strengthened,” the top court said.上海千花坊女神会所

For example, some courts in Shandong and Sichuan provinces have worked with local public se

curity departments, education institutes and civil affairs administrations to intensify security tra

上海千花坊ining for left-behind children to improve their awareness of self-protection, the statement said.

Meanwhile, some internet enterprises have also been urged by judic

ial authorities to increase reviews of online content to ensure harmful information ca上海千花坊

n be removed in a timely manner, and to design and offer a much safer online environment for children, it added.

上海千花坊女神会所Xu Hao, a criminal lawyer at Beijing Jingshi Law Firm, said the disclosed cases will

be a guide to help judges more effectively handle such offenses and offer more accurate senten上海千花坊

A private Chinese company used its own carrier rocket to send two satellites and several experimental payloads into space on T

hursday, marking the first successful orbital mission by the country’s commercial space industry.上海千花坊女神会所

The SQX-1 Y1 solid-propellant carrier rocket, the first in the SQX-1 series, blasted off a

t 1:00 pm from a launchpad located in rocky terrain at the Jiuquan Satellite Launch Center in the Gobi Desert.

Nearly 15 minutes after the ignition, the 25-meter-tall rocket successfully deployed two satellites — one from the State-owne

上海千花坊女神会所d defense conglomerate, China Aerospace Science and Industry Corp, and the other from the Beijing I

nstitute of Technology — into a low-Earth orbit about 300 kilometers above the ground.

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Liu Zhiye, vice-preside上海龙凤1314Life Sciences Group, sai

said the guideline’s emphasis on health promotion and disease prevention, not just disease treatment, will help people stay heal

thy and ultimately reduce medical expenditures, especially those on drugs and disease care.上海龙凤1314

上海龙凤1314品茶微信”The guideline will inject new developme

nt by strengthening the disease prevention sector, especially training a

上海龙凤1314nd education facilities, community health centers, and social media,” she said. P

atient education and mental healthcare should be covered by medical insurance programs, she added.上海龙凤1314

Zheng Qunyi, chairman of Herbalife Nutrition China, said disease prevention is the most economical and effective health str

上海龙凤1314品茶微信ategy, and Herbalife Nutrition is very encouraged by this new guideline because the company’s corporate vision is ali

gned with the national health agenda. Herbalife Nutrition has been actively

promoting healthy lifestyles through “nutrition plus exercise” in its business practices.上海龙凤1314

Wu Xiaobin, president of BeiGene Ltd, a global biotechnology company focusing on molecul

上海龙凤1314arly targeted and immuno-oncology cancer therapeutics, said the guideline reflect

ed the Chinese government’s concern over people’s health awareness a

nd its determination to increase the affordability and accessibility of medicines for its people.上海龙凤1314

He pointed to cancer as a top disease concern in Chin

上海龙凤1314品茶微信a, and the guideline and action plan is aiming to make the overall five-year cancer s

urvival rate higher than 43.3 percent and 46.6 percent by 2022 and 2030, respectively.上海龙凤1314

BeiGene will continue its research-based strategies, such as developing treatments for pre

valent cancers in China to serve the national health agenda, he said, adding上海龙凤1314

the company will make more efforts in R&D to develop first-in-class medicines.

The accessibility and affordability of innovative drugs in Chi上海龙凤1314品茶微信

na have largely improved, thanks to efforts by the Chinese government,

Wu said, believing Chinese companies will play a more important role in those areas in the future.

www.headun.cn

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