Measures to improv亚博娱乐yb156会所e lives, boost demand

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Measures to improv亚博娱乐yb156会所e lives, boost demand

State Council executive meeting chaired by Li says consumption will be buoyed

亚博娱乐yb156会所hina will take more measures, including improving services for people’s daily lives and

encouraging cultural and tourism consumption, as part of efforts to better meet t

亚博娱乐yb156会所品茶微信he need for consumer sector upgrades to further unleash the potential of domestic demand.

The decision was made on Wednesday at the State Council executive meeting chaired by Premier Li Keqiang.

“Government departments should enhance guidance and policy support, work out亚博娱乐yb156会所

more ways to spur business activities and provide greater convenience to consumers,” Li said.

亚博娱乐yb156会所品茶微信It was noted at the meeting that, in response to the trends in commercial transformati

on and consumer upgrades, the use of technologies such as big data will be encouraged, and individualized spen

ding on goods and services, smart consumption and other new business models will be boosted. Traditional shop

亚博娱乐yb156会所ping malls and aging factory buildings can be converted into new types of consumer facilities for multiple, comp

rehensive purposes. Pedestrian shopping areas can be renovated in accordance with local conditions.

Reforms to streamline administration, enhance compliance oversight and delive亚博娱乐yb156会所品茶微信

r better services will be deepened. Local governments will be supported in carrying out

亚博娱乐yb156会所the testing of registrations requiring one license and multiple venues for business brands. The power to approve

qualifications for retail sales of refined oil will be delegated to municipal-level governments.

Regions where conditions are ripe will be encouraged to include community education, eldercare, me亚博娱乐yb156会所品茶微信

dical care and household services in the renovation of old residential communities. Such efforts to c

reate clusters of services that make life more convenient for people will receive fiscal support.

亚博娱乐yb156会所E-commerce will be introduced to more rural areas and weak link

s in cold chain logistics for farm products will be strengthened at a faster pace.

It was agreed to take measures to stimulate consumption in culture and tourism亚博娱乐yb156会所品茶微信

. Policies will be formulated and implemented for ticket price cuts or exemptions at touri

st attractions, free admission during offseasons and ticket discounts for performances.

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To resolve the proble亚博娱乐yb156千花坊articipating in the prog

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

亚博娱乐yb156千花坊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亚博娱乐yb156千花坊女神会所

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.

亚博娱乐yb156千花坊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亚博娱乐yb156千花坊女神会所

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

亚博娱乐yb156千花坊女神会所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亚博娱乐yb156千花坊

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

亚博娱乐yb156千花坊女神会所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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Last year, civil aviation亚博娱乐yb156会所er traffic reached 610

?million, and it continued to grow at a double-digit rate, adding 10.9 p

亚博娱乐yb156会所ercent year-on-year, according to the Civil Aviation Administration of China.

Among the total passenger traffic, the Beijing-Tianjin-Hebei region, the Yangtze River Delta, and亚博娱乐yb156会所品茶微信

the Guangdong-Hong Kong-Macao Greater Bay Area have witnessed the largest passenger flows, but the

growth rate in those mature and saturated markets had been relatively slower when compared to smaller cities.

亚博娱乐yb156会所Currently, Embraer accounts for nearly 70 percent of the market share of regional aircraft in the 70 to 150 seat segme

nt in China. Eight airlines, including China Southern Airlines, Hebei Airlines, Tianjin Airlines, Colorful Gui亚博娱乐yb156会所品茶微信

zhou Airlines and Guangxi Beibu Gulf Airlines, operate 105 Embraer commercial aircraft in China and Mong

olia. Bombardier Inc of Canada, China’s home-built ARJ 21 and Russia’s Sukhoi take the rest of the market.

亚博娱乐yb156会所In April, the E195-E2 model received certification from the Brazilian Civil Aviation Agency, the US Federal Aviation Ad

ministration and the European Aviation Safety Agency, and it is waiting to get certified by the Chinese authority.

Embraer, the third-largest aircraft manufacturer after Boeing Co and Airbus SE, is n亚博娱乐yb156会所品茶微信

ow in discussions with domestic carriers about the potential purchase of its latest aircraft model.

China has the largest number of plateau airports globally, and they are mainly locate亚博娱乐yb156会所

d in western China, such as the Tibet autonomous region, as well as Qinghai, Sichuan and Yunnan provinces.

“Those plateau airports require aircraft with good highland performances and a reasonable seat layout, to meet the de

亚博娱乐yb156会所品茶微信mand of areas with high altitude and lower customer flows. The E195-E2 model would be a jet that is ideal for tho

se areas,” said Guo Qing, vice-president of sales and marketing at Embraer China.

“Airlines may choose to configure the cabin in two classes with 120 seats亚博娱乐yb156会所品茶微信

or a single class with up to 146 seats. It has significantly lower costs per trip, which w

ill enable carriers, especially budget airlines, to extend additional secondary markets,” he said.

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Fortunately, the leading亚博娱乐yb156419论坛up on employment has

e tools to ease the pressure on the job market. As the largest group of jo

亚博娱乐yb156419论坛女神会所b seekers, college graduates have an entire year to find jobs. In addition, college gra

duates have several options to seek employment immediately or in the near future-for instance, they can start their ow

n business or choose to pursue further studies. Plus, statistics show that more than 90 percent of college graduates find a亚博娱乐yb156419论坛女神会所

job within six months of leaving college, sometimes by accepting salaries lower than their expectations.

As for migrant workers, they have always been flexible in the job ma亚博娱乐yb156419论坛

rket. Due to the ever-improving employment information channel and rising demand for

workers in the service industry, the actual demand for migrant workers has been continuously rising in recent years.

亚博娱乐yb156419论坛女神会所The government, on its part, should improve its economic efficiency, overcome

uncertainties and take measures to fulfill enterprises’ requirements to ensure sustained eco

亚博娱乐yb156419论坛nomic growth, which in turn would further increase the demand for labor. The government should also accelerate re

form and opening-up, and implement targeted macroeconomic policies to minimize ec

onomic fluctuations and narrow the gap between job seekers’ expectations and the real condition in the market.亚博娱乐yb156419论坛女神会所

Take college graduates for example. The majority of them expect to get

a salary higher than the existing market rate-and many of them prefer to work in China’s

亚博娱乐yb156419论坛eastern region, first-tier cities and/or large enterprises. This indicates there is a gap between college graduates’ expect

ations and the actual situation in the job market. Besides, many college graduates’ knowledge and practical skills can

not fulfill the requirements of the market, especially those of big companies.亚博娱乐yb156419论坛女神会所

So the authorities should moderately loosen macroeconomic policy to create more jo

bs, strengthen social security and improve information sharing to cultivate more talents.亚博娱乐yb156419论坛女神会所

The author is a professor at the School of Economics, Renmin Univer

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

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High-tech spurs growt亚博娱乐yb156夜网condhand goods market

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

亚博娱乐yb156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.亚博娱乐yb156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.

亚博娱乐yb156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.亚博娱乐yb156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

亚博娱乐yb156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.亚博娱乐yb156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.

亚博娱乐yb156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.

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The secondhand econ 亚博娱乐yb156千花网 the internet era will

able more consumers to enjoy added value through new modes of business, advanc

?亚博娱乐yb156千花网品茶微信ed technologies and upgraded experiences”, according to industry insiders.

According to a report from market consultancy Big D

ata Research, the market volume of the country’s secondhand economy reached 202.54 billi?亚博娱乐yb156千花网

on yuan ($29.5 billion) in the first quarter of this year, a 5.5 percent increase year-on-year.

?亚博娱乐yb156千花网品茶微信”One important reason for the market rise is that the consumption upgrade is dri

ing changes in the consumption habits of younger generations, especially those born after 1990,” said He Fan, fo

under and CEO of Huishoubao, an app enabling the recycling of electronic devices online.?亚博娱乐yb156千花网

They tend to pursue lifestyles and have consumption habits that ar

?亚博娱乐yb156千花网品茶微信e more environmentally friendly, sustainable and fashionable, he said.

Another reason, according to Li Renjian from CITIC Capital, is that the use of advanced internet technologies including b

ig data and artificial intelligence has boosted the competitiveness of the whole sector.?亚博娱乐yb156千花网

Huafer, an online platform for secondhand maternity items developed by Par

terre Beijing Technology Co Ltd, is riding the wave by focusing on female users.

?亚博娱乐yb156千花网品茶微信Huafer offers new mothers a platform to buy and sell products that their babies no longer need.

“Unlike other secondhand products, those used by new mothers and babies are us

eful only for a short period of time,” said Zheng Xiaowen, CEO of Huafer.?亚博娱乐yb156千花网品茶微信

The Beijing-based company has proved a hit. Two years after it was established, the firm has more

than 1.9 million registered users and over 80,000 users have made transactions through its platform.

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There is no single deve亚博娱乐yb156419论坛path, and all countrie

es have the right to explore their own path of development and their own human rights protection model.

亚博娱乐yb156419论坛Xinjiang is China’s internal affair, and it concerns China’s sovereignty, n

ational security and territorial integrity. The problems in Xinjiang are not ethnic or relig

亚博娱乐yb156419论坛品茶微信ious issues, but issues of terrorism and violent crimes. The Chinese government has taken measures

according to the law to respond to these challenges to ensure social stability and the fundamental interests of local people.

The measures China has taken in Xinjiang are to not only fight ag亚博娱乐yb156419论坛

ainst terrorism, extremism and separatism, but also prevent more people from being br

亚博娱乐yb156419论坛品茶微信ainwashed by harmful ideology that is often packaged in religion and nationalism.

These measures have reversed Xinjiang’s security situation within a few ye

ars. Over the past nearly three years, Xinjiang has not witnessed any violence incidents, wh亚博娱乐yb156419论坛

ich is a significant achievement for a region that is three times as large as France with a population of about 24 mil

l亚博娱乐yb156419论坛品茶微信ion comprising 47 ethnic groups and many different religions.Reviewing the reform of Party and State institutions at a m

eeting on July 5, Xi Jinping, general secretary of the Communist Party of China Central Committee, said the ref

orm’s achievements should be consolidated and China’s system and capacity for governance modernized.

Xinjiang was once at a crossroad where it threatened to become another hotbed and亚博娱乐yb156419论坛品茶微信

exporter of terrorism. China has turned it to a region of stability and prosperity.

Beijing has invited foreign envoys, ambassadors, international organization officials and repo

rters to visit Xinjiang many times. Almost all of the people who have seen Xinjiang, including the vo

cational education training centers, for themselves have said that it is different from the Western media’s reports.

The duplicity and hypocrisy of some Western countries are evident in their one-sided and baseless criticism of the a

nti-radicalism measures employed in Xinjiang. It seems only after Beijing gives a green light to the spre

ad of terrorism, extremism and separatism will these Western countries pocket their accusing fingers.

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Such growing pains s亚博娱乐yb156乌托邦table for Chinese hi-tec

ech players. The good news is that the niche market pursued by Chinese space startups is a huge one, given China’s strong domestic demands

亚博娱乐yb156乌托邦品茶微信for microsatellite launch. If the quick emergence of Chinese space startups offers any indication to the future, I’d be c

onfident to see at least a couple of them rise to be credible contenders in the international space game.

亚博娱乐yb156乌托邦Editor‘s note: China Radio International recently published a commentary on its website exposing t

he hypocrisy of US government’s criticism of the human rights situation in other countries. Excerpts below:

The United States has long used human rights as a means of putting pressure on other co亚博娱乐yb156乌托邦品茶微信

untries. Whenever it is unhappy with some country, it will publish a human rights report of that country.

亚博娱乐yb156乌托邦However, it should reflect on its own human rights situation before criticizing other c

ountries. For many nonwhite Americans, the “American Dream” is actually an “Am

erican nightmare” as white supremacy and incitement to hatred have become so rampant in the country.亚博娱乐yb156乌托邦品茶微信

Data from Mapping Police Violence show that there are hundreds of police shootings of African-Americans in the US each year, many fatal.

亚博娱乐yb156乌托邦In international politics, US politicians turn a blind eye to their own country’s bad human rights record, while issuing irres

ponsible comments about human rights in other countries. Recently they even attacked China’s policies in the Xin

jiang Uygur and Tibet autonomous regions, accusing China of restricting religious freedom.

Are US politicians sure that they are not blaming themselves? Their words are like jokes that aren’t funny.亚博娱乐yb156乌托邦品茶微信

How can US politicians blame other countries? They should look at their own problems first.

亚博娱乐yb156乌托邦The US has widening social gaps, worsening sec

urity conditions, worse gender inequality and racial discrimination.

It is time the US cured its own diseases first.亚博娱乐yb156乌托邦

For all its self-promotion that it is a defender of human rights, the US

亚博娱乐yb156乌托邦品茶微信is unable, or unwilling, to address the issue of racial discrimination.Until it can talk of i

ts own human rights situation with a clear conscience, it is in no position to criticize other countries.

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uawei to use self-devel亚博娱乐yb156千花网ating system in smar

Huawei said on Friday that the company will use its HongMeng operating system in smart TV products to be unveiled in August.

亚博娱乐yb156千花网The move is part of Huawei’s broader push to increase the applications of its in-house resea

rch and development capabilities amid the US government’s restrictions on the company.亚博娱乐yb156千花网品茶微信

Yu Chengdong, CEO of Huawei’s consumer business group, said the smart-screen products, considered the futur

e of smart TVs, will use Huawei’s self-developed HongMeng operating system to connect home appliances.

亚博娱乐yb156千花网These smart-screen products are Huawei’s first step into the TV sector.

Alibaba’s chip-making subsidiary Pingtouge Semiconductor T

hursday launched its first processor XuanTie 910 built on an open-source architecture.亚博娱乐yb156千花网

The processor can be used in applications in fields including 5G, arti

ficial intelligence (AI) and autonomous driving, according to Alibaba.

亚博娱乐yb156千花网品茶微信The processor is built on the RISC-V hardware instruction set architecture (ISA) that is

open and energy saving, it said, adding that RISC-V is widely seen as one of the core architectures for chip dev

elopment under the artificial intelligence of things (AIoT) technology in the mobile internet era.亚博娱乐yb156千花网

The processor is over 40 percent more powerful than the current best RISC-V processors

亚博娱乐yb156千花网品茶微信and can greatly reduce the design and manufacturing costs of high performance chips.

In the sectors of 5G, AI, network communication and autonomous driving, the processor c

an more than double the performance of chips and reduce the cost of chips by more than half, it said.亚博娱乐yb156千花网

Alibaba announced the establishment of Pingtouge Semiconductor in S

eptember 2018, just months after it acquired Chinese chipmaker C-SKY Microsystems.

亚博娱乐yb156千花网Experts on Thursday called for more effort to be made to enhance integration of digital technolog

ies and the physical world, so their application can benefit human beings in smart, safe ways.

“Technologies such as virtual reality, augmented reality and mixed real亚博娱乐yb156千花网品茶微信

ity have been widely applied in modern life, such as performing medical operations from a dista

nce and helping car navigation by transmitting real road conditions,” said Li Peigen, a member亚博娱乐yb156千花网品茶微信

of the Chinese Academy of Engineering and president of the Chinese Mechanical Engineering Society

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A number of on-campus 亚博娱乐yb156会所ookstores that display

y the unique characteristics of different universities will be established across the country by the end of 2020, the guideline said.

?亚博娱乐yb156会所Universities should explore how to turn a traditional bookstore into an integrated cultural activities center, where book clubs, aca

demic salons, exhibitions and leisure-time gatherings could be held. University libraries and publishing house?亚博娱乐yb156会所品茶微信

s should help bookstores keep up with students‘ needs by sharing information and resources, according to the guideline.

?亚博娱乐yb156会所The guideline also supports campus bookstores recycling and selling second-hand books to help save and reuse resour

ces and build a greener campus. Branded bookstore chains are welcome to open outlets on university campuses.

Physical bookstores in universities are encouraged to play a part in work-study and entrepreneurship programs, according to the document. Cam?亚博娱乐yb156会所品茶微信

pus bookstores can offer work-study jobs to students. It also encourages university graduates to run such bookstores as a startup business.

?亚博娱乐yb156会所Phuntsok Yangdron, a 16-year-old Tibetan girl, received help from experts at Wuhan Asia Heart Hospital seven years ago.

In 2012, she was diagnosed with leakage in her left atrium and right heart crown. La

ter, she was transferred to Wuhan to receive heart surgery, and Tao was her surgeon.

The two met again this year when the hospital’s expert team revisit?亚博娱乐yb156会所

ed Yangdron’s hometown in Naidong county, Shannan, Tibet autonomous reg

?亚博娱乐yb156会所品茶微信ion. The teenage girl was excited to see Tao, she said. “I still remember how frightened I was when I went to Wuhan. I wa

s 9 years old, alone and far away from home, and was about to receive my first ever heart surgery.”?亚博娱乐yb156会所

But Yangdron was lucky. “The doctors at the hospital were very kind to me,” she said. “T

?亚博娱乐yb156会所品茶微信hey comforted me, took care of me. They gave me the courage to do the surgery without too many worries.”

After undergoing the minimally invasive surgery, Yangdron recovered quickly and the operation was a total success.

Experts from Wuhan Asia Heart Hospital in Central China’s Hubei province h?亚博娱乐yb156会所品茶微信

ave travelled thousands of kilometers across the nation to conduct examinations on child

ren with congenital heart diseases and carry out surgeries free of charge, Chutian Metropolis Daily reported.

Ever since the hospital was founded in 1999, the team of medical experts led by Tao Lia

ng, head of the hospital’s cardiothoracic surgery department, has paid visits to a number of poverty-stric

ken regions, old revolutionary base areas and remote mountainous areas. In the past eight years, they have visited Tib

et autonomous region five times, bringing professional medical assistance to local residents.

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