Category: 上海龙凤

China and India are already working together to tackle t

 the impending oil crisis and the rising threat of the Islamic State group. China and India are the world

‘s largest and second-largest importers of oil and also the second-and fourth-largest buyers of liqu

efied natural gas. As such, energy imports are critical to their development. The US’ attempts at regime change in Ira

n and Venezuela-the world’s third-and fourth-largest oil suppliers-by imposing stifling sanctions accompanied by a m

ilitary buildup in the Gulf have raised the specter of the potential closure of the Strait of Hormuz.

China and India have revived their 2005 proposal and formed a “joint w

orking group on energy” to identify avenues for cooperation including how to rein in risi

ng oil prices. They already have a “joint working group on countering terrorism”. A

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The US Treasury removed India from the watch list, whil

Chinese authorities have not used the exchange rate in prior easing cycles to support growth, and they are unlikely to do so now, as this could pose mac

roeconomic stability risk,” said Andrew Fennell, lead sovereign analyst for China at Fitch Ratings.

The world’s second-largest economy maintained its foreign exchange

reserves at $3.095 trillion at the end of April. The reserve amount was stable, although it sli

ghtly retreated from $3.098 trillion at the end of March, according to the State Administration of Foreign Exchange.

Li Yang, director of the National Institution for Finance and Development of th

e Chinese Academy of Social Sciences, said that China is unlikely to sacrifice foreign exchange reserves to def

end its currency, even if depreciation pressure rises amid any escalation in trade tension.

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Chinese investment in the United States is creating go

ood jobs in areas that are poor, where good jobs are needed,” he said. “We should celebrate that advancement of econ

omic opportunity in the United States. And similarly, we should expand US investment in China.”

US goods exports to China declined by 7 percent in 2018, as trade disputes between

the two economies began to bite, but still outpaced growth in exports to the rest of the world over the past decade, ac

cording to the 2019 State Export Report released earlier this month by the US-China Business Council.

The report said China continued to be important to US economic growth, supporting more than 1.1 million jobs.

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In April, the CSRC pledged to promote the opening-up

 of stock index futures. At present, onshore stock index futures are unavailable to overseas invest

ors, and they can only hedge risks associated with investing in A shares through offshore instruments.

“After the stock index futures market opens up, investor bases will dive

rsify, helping China’s capital market achieve a higher efficiency in asset pricing,” Wang sai

d, adding that capital market reform and opening-up is part of China’s moves to promote quality development.

“One of the key priorities this year is to accelerate the development o

f direct financing and the capital market, to strengthen the capital market’s capacity to pr

omote economic growth,” Guo Shuqing, the People’s Bank of China’s Party secretary and head of the China Ban

king and Insurance Regulatory Commission, said in an interview with China Central Television on Monday.

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Beijing still open to talks, but will not bow to tariffs: China Daily

ith China retaliating in kind to the United States hiking the existing “punitive” tariffs on Chinese go

ods, the world was not left long in suspense wondering how Beijing would react to Washington putt

ing the kibosh on what was evidently an impending trade deal in such a high-handed manner.

With hindsight, it is easy to see that despite the product

ive efforts of the two negotiating teams, such a scenario was perhaps inevitable.

The US administration has made it clear on more than one occasion

that it wants to halt China‘s development in its tracks and therefore it is questionable whether it

has any real interest in striking a trade deal that is not tilted entirely to its advantage.

While Beijing, on its part, has consistently responded to Washin

gton’s attempts to turn the screws on it by each time giving it a sharp rap across the knuckles.

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Lan Fei, marketing center director for Guangzhou Wei

meizi Industrial Co in Guangdong province, said people in lower-tier cities have huge consumption power.

In 2016, the company’s oral care brand Saky reached customers in lower-tier cities for the first time. Mor

eover, the quality of oral care products in this market varies, so there is huge potential.

In addition to traditional sales channels such as supermarkets and stores, Saky was introduced to co

nsumers in lower-tier cities by livestreaming hosts on social media platforms. The hosts used en

tertaining methods to introduce oral care products and educate consumers about the correct way to use them.

“On Kuaishou, the host placed some sesame powder on a piece of c

orn, showing that Saky’s electric toothbrush could easily wash it away,” he said. “The host

also held a Saky electric toothbrush against a balloon (which did not burst) to demonstrate that its power could not damage teeth.”

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ide on camels on the Tengger Desert in Zhongwei in the Ning

Chinese bookings for domestic and overseas educational tours during the seasonal school vacation are on the rise, Yang Feiyue reports.

With two months to go before the summer vacation, parents have already gone out of their way to plan ahead for their children.

Since April, many have beaten a path to several brick-and-mortar shops in Beijin

g that are owned by the major domestic online travel agency, Ctrip, the company reports.

“The online views of our summer-vacation study tour products have increased by 120 percent in April as comp

ared with the previous month,” says Zhang Jie, general manager of Ctrip’s study-tour operations.

Zhang expects the number of young travelers who take educatio

nal trips to grow by more than 50 percent compared with the same period of last year.

At the moment, the United States, the United Kingdom, Australia, Japan and Canada are am

ong the most popular foreign destinations for those inquiring about study tours, while Beijing, Gansu prov

ince’s Dunhuang, Shanghai, Shaanxi province’s Xi’an and Jiangsu province’s Nanjing topped the domestic-destination list.

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Regulators seek source of illegal HPV vaccine

Drug regulators in Hainan province are investigating the suspected sources of HPV 9-valent vaccines that were illegally adm

inistered at Boao Yinfeng Healthcare International Hospital, whose business license was revoked as a result.

If a crime is found to have been committed, the case will be handed to public

security departments, according to a statement jointly issued on Sunday by Hainan’s Health Co

mmission, Market Supervision Administration, Drug Administration and Public Security Department.

It said the four departments will form a working group to supervise the investigations and legal enforcement.

The working group will contact people who received the vaccines at

Yinfeng hospital, listen to their opinions and take action to safeguard their rights.

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The e-card, which applies across the country as a n

tionally unified social security card, can be used as a recognized form of ID and

contains functions such as information reco

rds, self-service enquiries, medical insurance settlements and payments, and financial payments.

Each electronic social security card corresponds with an actual social security card. Therefore, card holders can get t

hings done by scanning the QR code of the e-card even if they forget to bring the actual social security card.

The first electronic social security card was issued in Qingdao, East China’s Shandong pro

vince, in April 2018, and the e-card has been rapidly growing in popularity because it is easy to obtain and use.

An official from the ministry said that more than 25 percent of the social security card holders will have e-cards nex

t year, and a nationwide unified social security card system will cover the payment and settlement.

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Although the scandal involving Visual China Group e

exposed disordered copyright management by stock-image providers, legal

professionals said the increased efforts to protect copyright should be applauded.

For example, the National Copyright Administration has launched crackdowns against pira

ted works every year, aiming to increase copyright protection through administrative measures.

Last year, it took online short videos, audio material, literary articles and music as major target

s. It eliminated 1.85 million web links with content that infringed copyright, and confiscated 1.23 million pirated works.

Wang, the Beijing lawyer, said he appreciated governme

nt attempts to protect copyright, but said such efforts are still insufficient.

He called for the country to improve copyright-related laws as soon as poss

ible, and especially to issue a specific rule for footage, pictures or other photographic works.

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