China’s science-technology innovation board, dubbed the STAR Market, opened at the Shanghai Stock Exchange on Mon
上海千花坊day, and officials and analysts said it will help support innovation-driven economic growth and capital market reform.
A series of new systemic arrangements have been introduced in the Nasdaq-style board, such as the registration-based init上海千花坊
ial public offering system, a wider daily price limit and strengthened information disclosure requirements.
上海千花坊女神会所The first 25 companies listed on the board made a strong debut, with an average da
ily increase of 140 percent, possibly because there is no price change limit for the first five trading days. At oth
er A-share markets, there is a 10-percent daily price limit. Shanghai-based integrated circuit maker Anji Mi上海千花坊
croelectronics reported the biggest daily jump of 400 percent to close at 196 yuan ($28.50) per share.
There are over 3 million individual investors qualified to invest in the new board while the n
上海千花坊女神会所umber and scale of listed companies in the STAR Market is relatively small at present, leading to the firs
t-day surge of prices, said Yang Delong, chief economist at Shenzhen-based First Seafront Fund.
Trading rules set by the Shanghai exchange and the China Securities Regulator上海千花坊
y Commission allow for a daily price fluctuation of 20 percent on the STAR Market after the first trading week. B
ut Yang warned investors of the possibility of price drops on the board in the next few days.
Liu Zhongyuan, di上海千花坊女神会所rector of securities investment at the National Council for Social Security Fund, said at the listing cerem
ony on Monday that the fund will invest in the STAR Market by sticking to its long-term investment pattern, in hop
es of supporting the development of technology startups and the real economy.
上海千花坊The new tech board, which was initiated in November, has realized the highest level of innovation in
terms of systems and ideas under the current framework, said Fu Lichun, research director at Northeast S
ecurities. With no existing model to refer to, efficiency in inaugurating the board is “stunning”, he said.上海千花坊女神会所
Bob McCooey, chairman of Nasdaq Asia Pacific, wrote in
Lu Kang, after serving as chief of the Foreign Ministry’s Information Department and as a
上海千花坊品茶微信ministry spokesman since 2015, took the office of director-general of the ministry’s Department of N
orth American and Oceanian Affairs, according to the ministry’s updated website.
The ministry department Lu now serves handles affairs related to North American and O上海千花坊品茶微信
上海千花坊ceanian countries and regions, including the United States, Canada and Australia.
Lu undertook his new role at a time the relationship between Beijing
and Washington has been strained by economic and trade tensions.上海千花坊
The region’s affairs, particular those involving the US, are not ne
上海千花坊品茶微信w to Lu, as he worked as a deputy head of the regional department in 2010-2012.
His knowledge and work background with the US were further enhanced when
he was a minister at the Chinese Embassy in the United States from 2012-2015 – the last s上海千花坊
top before he led the information department and spoke to media on a regular basis in 2015.
上海千花坊品茶微信Born in 1968 in East China’s Jiangsu province, Lu started his diplomatic career with the first few of his posts, all part
of the Foreign Ministry’s agencies focused on international organizations and conferences.
He served as an attaché, then a third Secretaryat China’s Permanent Mission to the United Nations from 1996-1999.上海千花坊
Lu started serving the ministry’s Department of Arms Control and Disarmame
nt in 2001 before taking the role of counselor at the Chinese Embassy in Ireland in 2006-2008.上海千花坊品茶微信
The diplomat obtained a master’s degree in public policy after his study at the National University of Singapore in 2000-2001.
Conductor Yu Long chose Chinese composer Chen Qigang’s violin concerto, La Joie de la Sou
ffrance (The Joy of Suffering) to appear on his new album with the Shanghai Symphony Orc上海千花坊
hestra, Gateways. But Yu’s first encounter with Chen was not exactly harmonious.
上海千花坊Yu wanted to perform one of Chen’s compositional works during the
Beijing Music Festival, an annual classical music festival held in the capital, which Yu fou
nded in 1998 and of which he was artistic director from 1998 to 2018. However, Chen said no. Instead, the co
上海千花坊女神会所mposer floated the idea of having a concert where the repertoires were all written by him.
“Usually a concert featuring work written by one composer is held to commemorate them after death. It did not seem like a good i
dea to me back then,” recalls Yu. “However, after listening to Chen’s work, I changed my mind. The concert was s上海千花坊
uccessful and I told Chen immediately after the concert how touched I was by his music.”
上海千花坊女神会所On the latest album, entitled Gateways, the first recording of the Shanghai Sy
mphony Orchestra signed it signed to Deutsche Grammophon label in June 2018, Yu, the co
nductor and artistic director of the 140-year-old orchestra, selected two of Chen’s works to feature the album: the v
iolin concerto, La joie de la sufferance and Wu Xing (The Five Elements).上海千花坊女神会所
“When we discussed the programs for the orchestra’s first album with DG, we all agreed to tell Chinese stories through mu
上海千花坊sic. An important mission of the album is to bridge the gap between traditional Chinese culture and an in
ternational audience,” says Yu. “Chen’s work is frequently played worldwide and enjoyed by people from different c
ultures. He has a unique way of combining traditional Chinese philosophy with Western music. You can fee
l his incredible imagination in his music, therefore, it was among the first we chose.上海千花坊女神会所
Under the baton of Yu, the China Philharmonic performed Chen’
s music during the concert in 2002, including Wu Xing (The Five Elements) and Iris De
上海千花坊女神会所voilee, as well as a world premiere of Chen’s Reflet d’un Temps Disparu for erhu (a bowed two-string instrument) and
orchestra, which was adapted from the composer’s piece with the same title originally written for cello and orchestra.
Since then, Yu has led China’s symphony orchestras in performing Chen’s work worldwide.
Heritage Administration and Sichuan University in 1996 and he later published a series of relevant academic papers followi
ng research in the west of Tibet. His son David also nurtured his passion for archaeology during that time.上海千花坊
“One step follows the other, and we’ve kept going,” he sm
上海千花坊品茶微信iles. “We’re still ‘amateurs’, but it’s good to see David turn into a real professional.”
Strategy is helping institutions achieve better rankings at home and abroad
A veteran of such US universities as the University of Chicago and Yale University has become the first foreigner appointed by a Beij上海千花坊
ing university to a management position since the reform and opening-up policy was launched in 1978.
上海千花坊David Zupko was recently appointed deputy director of Tsinghua University’s global cooperation
and communication office after working at different universities in the United States for more than 20 years.
In 2017, when he was asked by the National Cultural Heritage Ad上海千花坊品茶微信
ministration if he would consider exhibiting his family collection in China, he agreed.
His sentiment was echoed by Wang Xudong, the then director of the Dunhuang Academ上海千花坊
y, who spent over a year contacting institutions abroad and around China to contribute to the exhibition.
上海千花坊品茶微信The Pritzker Art Collaborative brought 35 artifacts to the exhibition in Dunhuang. It is joined by key Chin
ese institutions, such as the National Museum of China, the Palace Museum and the Shaanxi History Mus
eum in Xi’an, as well as several other major overseas collections, including the Al Thani Collection owned by the Qatari ru上海千花坊
ling family, the State Hermitage Museum in St. Petersburg, and Hirayama Ikuo Silk Road Museum in Japan.
Abegg-Stiftung, a Swiss collection that mainly features textiles, dropped its “zero l上海千花坊品茶微信
oan policy” for the exhibition, opting in favor of cultural exchange and supplying 16 artifacts to the exhibition.
A hanging brocade with roundel featuring a pair of stags locking horns, on loan from Abegg-Stiftung, is one of the m
ost important exhibits on display. It is believed to have been hung as decoration in the tents of Tubo nobles as a symbol of power.上海千花坊品茶微信
“The Silk Road carries a message for all of us today,” Thomas Pritzker says. “The world will
always have problems … Yet each culture has its own history and values, which are unique.
“If we learn more about another country’s culture, it will be easier to find ways to solve these problems,” he says.
nnovative compan上海千花坊ies and attached much importance to IP protection,” Li said.
上海千花坊BeiGene, a Chinese biotechnology company, is building its state-of-the-art manufacturing site in SSGKC.
The company was founded by Wang Xiaodong and John Oyler in 2010. Wang has served as a membe上海千花坊女神会所
r of the National Academy of Sciences in the US and a foreign associate of the Chinese Academy of Sciences.
“Hopeful ly, some innovative medicines will be soon produced in the new plant in SS上海千花坊
GKC and be distributed to the world in the future,” said a senior executive of BeiGene.
上海千花坊女神会所”We believe our location in SSGKC could help us achieve greater influence because it could radiate to the surrounding mar
kets such as China’s Hong Kong and Macao as well as Southeast Asian countries,” the executive said.
Herman Lee, vice-president for market and business development at Guangzhou CanSemi Technology Inc, said the upg
rade of SSGKC is very encouraging for his company, and could help it further enrich its talent pool.上海千花坊女神会所
The company will invest a total of 7 billion yuan in facilities in SSG
KC that will produce 12-inch wafers, of which the first phase is expected to be put into use in上海千花坊女神会所
the fourth quarter of 2019 with a monthly production capacity of 20,000 wafers.
“As we know, SSGKC will enjoy the same treatment as the free trade zone in terms of market access, investment promotions and t
上海千花坊女神会所alent attraction after its upgrade. Meanwhile, many administrative services could be fulfilled inside the district, w
hich could further improve efficiency, meaning more money for the companies involved,” Lee said.
ally those whole-heartedly trumpeting an all-round trade war.
But as Paulson also pointed out, what is at stake goes far above and beyond a trade war.
上海千花坊Which is why, despite their continuing differences, Beijing and Washington should work together to make the upcoming Xi-Trump meeting a success.
Economic disputes will not come in the way of China’s reform and opening-up efforts to attract investment
Over the past year, the US government has unilaterally provoked and escalated economic and trade friction with China, with negative impacts on bilateral economic, trade ties and global economic development.上海千花坊
During this rare dispute, voices from home and abroad have made a lot of statements, making the cause and the facts clearer. China-US economic and trade friction in上海千花坊
volves a lot of issues, which need further clarification. The Chinese believe in truth and are not afraid of the clarifications.
• Is the Sino-US trade relationship a zero-sum game?上海千花坊女神会所
Some people in the US stirred up economic and trade friction with China with a solitary reason in mind – loss of profit to US firms and excessive gains for Chinese firms in bilateral
上海千花坊trade, making the issue a threat to Washington’s economic and even national security. This view, which is full of Cold War bias, reflects the hegemony and zero-sum ga
me thinking. Is Sino-US economic and trade relation a zero-sum or win-win game? The answer is clearly both in theory and in practice.
In international economic cooperation, trade relations are based on mutually beneficial exchanges, rather than a zero-sum game in which one side benefits and the o
t上海千花坊女神会所her loses. International trade can lead to optimized allocation of global resources, the common development of all economies involved and the common pr
ogress of human society. The history of international trade and the trade between China and the US have proved that such a practice is effective, and such p
ractical experience has long been the basic principle of international economic study. Since the establishment of diplomatic relations between the two co上海千花坊女神会所
untries, bilateral trade in goods increased 252-fold, from less than $2.5 billion to $633.5 billion between 1979 and 2018.
In the past four decades, two-way investment has grown from almost zero to over $160 bil
lion, making the two countries a vital investment partner for each other. The history of Sino-US ec
onomic and trade relations proves that both countries have benefited in industrial development and optimization. The trade relations have cre
ated a situation in which both parties won rather than one in which China progressed and the US lost out.
• Is US’ insistence on “fair trade “really fair?
Some people in the United States accuse China of adopting unfair and unequal trade policies that
have caused the US trade deficit with China. They tried to grab fair trade as a way to keep the moral high
ground in public opinion. However, what is “fair trade”? Fairness is a matter of history. In international trade, due to the difference in the stages of developm
ent, specific conditions and interests from different countries, in order to make trade happen smoothly, the
international community has formed trade rules through negotiations on an equal footing.
tee steady business growth. In the future, we will increase investment in AI applications in the finance and manu
facturing sector, enhance our AI technology, such as machine learning, natural language processing and deep learning, consolidate customer rela
tionships, as well as cultivate the new generation of AI talent for China,” He from SAS China said.
Since World War II, globalization came in two stages. From 1945 to roughly 1975, the United States, Western Europe, and Japan
achieved steady economic growth, with the benefits of that growth spread widely throughout the population. In F
rance, this period is called “30 glorious years” and in Germany it is known as the “economic miracle”.
The second stage of globalization started in the late 1970s and has continued until today with a process of reform and open
ing-up not only in China but in countries of the former Soviet Union and in India.
This has been great for the world. China alone has lifted more than 850 million peopl
e out of dire poverty. But it has also increased competition faced by workers and companies.
The partial globalization of 1945-1975 worked great for average workers in the West. For much of this period, a young perso
n could get a high-paying and apparently secure job in a factory that would allow him to live a middle-income lifestyle.
It’s very hard to believe now, but in 1980, the US city with the highest average wage was Flint, Michigan, followed closely by Detroi
t. Other leading cities in terms of wages were Chicago, Houston, Milwaukee, Youngstown and Cleveland – all
of which were centers of industry and manufacturing. At that time, San Jose, the center of then quite small Silicon V
alley was fourth, San Francisco sixth, and capital Washington was eighth. New York City did not make the top 10.
Many people in the US and Western Europe look back nostalgically on those 30 years aft
er WWII when artificial limits on global competition protected extremely high-paying manufacturing jo
bs. It is very sad to see only empty, rusting factories where thousands of people used to work.
It’s tempting to use tariffs or other protectionist measures to try to
retain the companies that provide these high-paying manufacturing jobs. But, most o
ften the protections just lead to unproductive companies, declining innovation, and slowing GDP growth.
nds because all my saved money has been spent on building a new home for the yo
上海千花坊ung couple and buying new necessities for them, such as household appliances,” Shan said.
Luckily, Shan had reason to celebrate because he was saved by a new rule.
Right before the wedding, a specific standard was established banning high-priced betrothal gifts, or caili in上海千花坊
Chinese. Other extravagant customs, including holding grand wedding ceremonies or funeral rites as well as inviting an e
xorbitant number of guests and using lots of cars to pick up the bride and her relatives, were also prohibited.上海千花坊
The government of Feixiang district – which covers 265 villages, including Shan’s, with a population of 410,000 – found the competitio
上海千花坊n to see who could give the best betrothal gifts and hold the grandest wedding ceremonies had become a big headache for villagers.
Families of young women envied those who gave lots of money to a bride’s family and held ex
pensive ceremonies with many guests, said Cai Fuhai, Party chief of Nanduqi village.上海千花坊女神会所
They would ask parents of their soon-to-be sons-in-law for similar treatment, Cai said.
According to the standard, no more than six cars can be used for picking up the bride and her rela
tives. Previously, up to 40 cars would be used as part of a grand and impressive wedding ceremony.上海千花坊
Furthermore, guests are served a simple meal – a vegetable and meat stew, or daguocai in Chinese – rather than a meal wit
上海千花坊女神会所h dozens of courses. Finally, group wedding ceremonies are encouraged and betrothal gifts are discouraged.
Families who obey the standard may enjoy benefits such as free physical examinations for parents and
newborns at local hospitals. Pregnant women may also receive discounts for examinations during pregnancy, Cai said.
Families who do not obey the rules are required to make a self-critical s
peech during a meeting attended by villagers and local government officials. Those wh上海千花坊女神会所
o refuse to make the speech and admit their wrongdoings are exposed on local television and other media platforms.
Villagers fall in line
According to the Feixiang district government, more than 1,000 families of young wom
en have refrained from demanding betrothal gifts from their bridegrooms’ families since 2017. About 1
00,000 households in the district have signed commitment letters promising to obey the standard.
Government statistics show that the cost of a wedding has been cut to less than 30,000 yuan, down b
y about 80 percent, and the current cost for a funeral is less than 5,000 yuan, just a sixth of the previous cost.
nds and has expanded into the United States and Britain by signing Western bands. It also promote
上海千花坊s one of the country’s most popular outdoor musical events, the Strawberry Music Festival, whi
ch was launched in Beijing by the company in 2009 and has since expanded into dozens of Chinese cities.
“The first reason to form a band was to attract more girls,” says the singer-songwriter Gao Xiaosong, who formed his own band in 1990 while he was studying rada上海千花坊
r engineering at Tsinghua University in Beijing. “But the most important thing was that when I learned to play guitar I wanted to explore more be
autiful sounds of the instruments, so I was eager to find people who shared my interests and who wanted to play music together with me.”
Gao is credited with creating a music genre during the 1990s called “campus folk music”, which won a
上海千花坊品茶微信large fan base in China then with poetic lyrics about youth, romance and friendship, accompanied by guitar.
One of the major contributors to indie music’ development in the country is the emerg
ing live house venues and small bars, which offer the indie rock bands stages to perform.
live bar called School is among the most popular places for indie music bands and music fans.
School, tucked in a narrow hutong in downtown Beijing, was co-founded by Liu Fei, a former band agent and music festival organizer, about nine years ago.
“We wanted to have a place to enjoy music and drink together so we decided to l上海千花坊品茶微信
aunch School,” says Liu, 36, a Beijing native. “The place connects like-minded people.”
As Liu sat in the two-floor venue he was accompanied by a black dog that he adopted last year. He spotted the stray sitting outside the l
ive bar and decided to take it in. It was the Year of the Dog, so Liu considers her as an omen of good things and named her School, after the club.
“Like us, she really enjoys crowds and loves to listen to music,” Liu says.上海千花坊品茶微信
Among the young bands that started to give performances at School and gained a fan base is Penicillin, an indie rock group whose members were all born after 1990.
“They started with performing in front of fewer than 10 people and now they have a stable fan base with about 100,000 fol
lowers on their Sina Weibo account,” says Liu, adding that the lead vocalist and guitarist, nicked-named Xiaole, has the n
atural charisma of a rock star with his solid technique, songwriting talent and onstage composure.