China is a highly com上海千花网. In the past, some s

ectors have been a “wild west” where Chinese firms did not hesitate to

copy each other or foreigners. But, as China has developed its own technology and moved u上海千花网品茶微信

p the value chain, protecting intellectual property rights has become a high priority for the government.

上海千花网At the China Development Forum in March, Vice-Premier Han Zheng emphasized: “We w

ill step up our efforts for IPR protection as well as law enforcement in various aspects, and establish a sy上海千花网

stem of punitive punishment for IPR infringement to significantly raise the cost of violating the law.”

上海千花网品茶微信And, President Xi announced that China will strengthen intellectual property rights protectio

n in his April speech to the second Belt and Road Forum for International Cooperation.上海千花网

Also, the removal of the requirement that foreign companies enter in

上海千花网to joint ventures should alleviate any fears about mandatory technology transfers.

Financial market reforms

Reform of the financial sector is moving especially rapidly. China will allow full foreign ownershi上海千花网

p of securities firms, futures businesses and life insurance companies by 2020, a year earlier than was s

上海千花网品茶微信cheduled, Premier Li Keqiang told the Summer Davos Forum. Foreign institutions will be offered treatment e

qual to that of domestic companies in credit references, credit ratings and payments, he said.

Li emphasized that this reform is part of a broader push to force domestic上海千花网

firms to upgrade as they face foreign competition. “Further opening to foreign investors, we are no

上海千花网品茶微信t just providing them with opportunities to enter the Chinese market. We are also providing opportu

nities for the financial sector to upgrade and to improve its quality on a level playing field,” Li said.

Measures to boost private sectorThe Chinese government has also recently announced mea上海千花网品茶微信

sures to improve the availability of credit for the private sector and reduce taxes on it.

In a discussion with foreign CEOs at the Summer Davos meeting, Li noted that small and medium-sized companies and private e上海千花网

nterprises provide over 80 percent of employment in urban areas and 60 percent of GDP.

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For instance, an electric ca上海千花网run 350 kilomet

ers on one charge would earn 5 credits for its maker according to previous equations, and in the draft proposal the credits will be redu

ced to 2.5, according to Cui Dongshu, secretary-general of the China Passenger Car Association.上海千花网

He added that the proposed policy encourages better technology as more efficient power consumption will earn more credits.

上海千花网女神会所Analysts said the plan’s release will help carmakers to coordinate their production plans, es

pecially international ones, which have been slower than Chinese ones to respond to policy changes.

Herbert Diess, CEO of Volkswagen AG, called for a stable policy envi上海千花网

ronment at the World New Energy Vehicle Congress held in early July in Hainan province.

The German carmaker said almost half of its new energy vehicles produced in 2028 will

上海千花网女神会所be made in China. China has been the largest market for new energy vehicles since it overtook the United States in 2015.

So far there are around 3.5 million such vehicles on its roads.

The country’s new energy vehicle sales surged 65.9 percent year-on-year to 577,000 units上海千花网

during the January-June period, data from the China Passenger Car Association showed.

上海千花网女神会所The draft proposal is expected to help boost hybrids as well, to which Japanese carmakers have devoted much time and money.

They would still be considered fossil-fueled but re-classified as “low fuel consu

mption passenger vehicles” and thus will incur less negative points than traditional vehicles.

Under the current system, automakers in China are obliged to make up for a portion of the negative points they incur whe上海千花网女神会所

n they produce internal combustion engine vehicles with points won for producing new energy vehicles.

Analysts said the revision could see more traditional vehicles replaced with hybrids, because when automakers prod

uce hybrids. The proposed change came as a surprise, some experts and industry officials said, because the gove上海千花网女神会所

rnment has never before given any preferential treatment for hybrid technology.

“The new proposed policy is a roundabout way to promote hybrid cars,” said Cui in a social media post.

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mmon interests of the in上海千花网mmunity he said.

Large crowds gathered in Trafalgar Square in central London on Tuesday to protest against US Presiden

t Donald Trump’s state visit to the United Kingdom.上海千花网

Trump and his entourage arrived in the UK on Monday and spent the d

上海千花网品茶微信ay on ceremonial duties, before the political aspect of his visit began on Tuesday with a m

eeting with outgoing Prime Minister Theresa May, who is resigning at the end of this week.

Just down the road from her Downing Street office where that meeting took place, thousands of protestors assembled f上海千花网

or a demonstration against Trump’s visit, which included speeches from various people including Labour Party lea

上海千花网品茶微信der Jeremy Corbyn, who declined an invitation to dine with Trump during his visit. Also nearby in Parliament Square, the

famous Trump Baby Blimp, created for his visit to the UK last year, was once again flying.

As China launches garbage sorting work among cities at the prefecture l

evel and above this year, some wonder whether an opportunity to invest is presenting itself.

A listed job to inspect garbage sorting could have a salary of 400 yuan ($58.24) per day, and t上海千花网

here were 53 new registered garbage sorting companies by the last week of June according to news website 21jingji.com.

上海千花网品茶微信The sanitation market will be 200 billion yuan in the future, the website said, citing an industry insider.

As more cities carry out garbage sorting, demand for waste sorting store, collecti

on, transportation equipment and services will increase. Moreover, positions like waste sor

ter, inspector, project manager and sanitation engineer are currently common on recruitment websites.上海千花网

China’s solid waste clearance volume is only one-third of the US’ figure, and the marketizat

ion of the sanitation industry is less than 30 percent, the website asserted, citing Zhang Xiaowen,上海千花网品茶微信

deputy managing director of investment management department under Everbright Financial Holding Asset Management.

The market value of the US’ three listed garbage sorting companies — Waste Management,

Republic Service, and Waste Connections — surpasses $92 billion. Among these Waste Management is top, with a market value of $48.7 billion.

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The West Texas Interme上海千花网女神会所very climbe

US dollars to se上海千花网女神会所ttle at 56.65 dollars a barrel on the New York Mercantile Exchange, while Brent crude for A

ugust delivery jumped 2.63 dollars to close at 64.45 dollars a barrel on the London ICE Futures Exchange.

Oil prices also got some support after the latest data showed a larger-than-expected decline in US crude inventories.

Meanwhile, traders are awaiting a decision by the Organization o

f the Petroleum Exporting Countries and its allies on whether to extend a pact on cutt

ing 1.2 million barrels per day of production that expires this month.Beijing Jiaotong University; the Un

iversity of Science&Technology Beijing; the Beijing University of Posts and Tele

communications; the Beijing Forestry University and the Beijing University of Chemical Technology held a joint

press conference on Jun 18 on providing information about this year’s college entrance exam.

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The undergraduate pro上海千花网女神会所ed 391 student

 including the 24-上海千花网女神会所member 2016 class, since its inception. It has helped them make up for gaps in their academic education

with tailor-made online courses to boost their future career after retiring from athletic performances.

Short-track speedskater Wu Dajing, gold medalist in men’s 500-meter event at the 20

18 Pyeongchang Winter Olympics, hailed Xi’s warm reply as a strong motivator.

“It’s surprising and inspiring to receive his letter so quickly, having lear

ned that he personally watches us and cares for us while running a country,” Wu said on Wednesday.

“The president’s attention on us is a high honor, and we will make every minute count in school and in training to pay back his enco

uragement and support,” said Wu, who is working on his master’s thesis during the break in the winter sports season.

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Buildings at Tesla’s Sh上海千花网女神会所 nearly complete

Construction on 上海千花网女神会所the buildings at Tesla’s Shanghai plant has almost completed and the production equ

ipment is being prepared for installation, the auto news website Eelectrek reported on Sunday.

However, a representative at Tesla’s China branch said the plant is not yet finished, and these details are the same as th

e news released at the Tesla shareholders’ meeting, according to National Business Daily.

With an investment of over 50 billion yuan ($7.22 billion), the Shanghai plant, or Gigafactory 3, is the co

mpany’s first manufacturing facility outside the US and the first wholly foreign-funded automotive production project in China.

China is the world’s largest new energy automobile market, so

having manufacturing capacity in the country will help Tesla avoid increasingly unce

rtain import tariffs because of the trade tension between China and the US, said the new website.

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d other leaders of the Sha上海千花网女神会所n Organizatio

member count上海千花网女神会所ries and observer states, as well as r

epresentatives of regional and international bodies, head for group photo

s during the 19th meeting of the Council of Heads of State of the SCO in Bishkek, Kyrgyzstan, June

Xi called for joint efforts to fight the three evil forces — terrorism, separatism and extremism — as well as be

efing up security measures and halting the flow of terrorists and extremist forces.

Noting that Afghanistan is a neighbor of SCO countries and an important observer state in the organiz

ation, Xi said the SCO firmly supports an Afghan-owned and Afghan-led peace and reconciliation process.

SCO countries should cultivate new cooperation areas in such fields

as digital economy, ecommerce, artificial intelligence and big data, he said.

www.shejio.org

decline from 85 million in 2018 to 42 million in 2040. In th

he next five to seven years, China’s policy support for new energy vehicles will drive g

lobal growth,” said Kou Nannan, head of research at Bloomberg New Energy Finance.

As early as in 2012, the State Council introduced a pipeline to guide the development of the natio

n’s EVs, with a goal of producing 2 million units and selling 5 million EVs by 2020. Later on, cent

ral and local governments carried out a series of subsidy policies in the NEV industry, such as purchase tax exemption an

d purchase subsidies, to offer greater support to the industrialization of China’s NEV industry.

According to the agency, China will specifically lead in the e-bus market. It is estimated that by

2025, China’s e-bus fleet share will reach 50 percent, and by 2040, the ratio will rise to roughly 80 percent.

www.euitdm.cn

As for global GDP, manufacturing employment and

trade, they could decline by 0.134 percent, 0.323 percent and 0.869 percent. Th

e US tariff hikes therefore will increase the economic pain of the US and world economies.

Agricultural products, chemicals and chemical products, textiles and g

arments are the main US items targeted by China’s higher tariffs. But despite the higher tar

iffs providing some protection for domestic industries, Chinese consumers might have to pay more to purchase them.

In the first four months of this year, the volume of Sino-US trade dropped by 15.7 percent to $161.23 billion. In terms of product

structure, US exports of raw materials and foods to China saw the biggest decline, among which the export of so

ybeans plummeted by half in March compared with the same period last year. And US exports of plant products, mi

nerals, jewelry and precious metals declined by more than 85 percent in the first quarter.

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The number of unicorns in a given city is often consid

ered a barometer of innovation and entrepreneurship.

The majority of China’s unicorns are based in Beijing, Shanghai, Hangzhou and Shenzhe

n, with a combined number of 156, 19 more than the previous year and accounting for 77.2 percent of the total.

Nanjing, Guangzhou, Wuhan and Qingdao are new gathering places for unicorns, the report said.

Driven by global capital, China’s unicorns have accelerated the pa

ce at which they go public, with unicorns now taking an average of 71 months to IPO.

From January 2017 to May 2019, 36 unicorns were listed on the global stock market, with eight in 2017 and 21 in 2018.

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