ue to their cost advantage and rapidly growing domestic demand driven by income growth form the basis of their expan

上海会所ding scales. But the greatest factor driving Chinese enterprises’ continuous development is innovation.

Reform will promote innovation. Innovation will generate new demand and prompt Chinese enterprises to impr

上海会所品茶微信ove their quality, while technological innovation is key to their development and expansion. And to c

hange their long-term dependence on low-end products, the Chinese companies, with the government’s active h

elp, have invested more in research and development to facilitate their qualitative growth and expansion.上海会所

Last year, China’s total investment in R&D accounted for 2.18 percent of GDP, equivalent to the average of OECD countries, with the average R&D intensity o

上海会所f high-tech enterprises and A-share listed companies being about 3 percent and 4.87 percent.

Higher R&D investment has increased the enterprises’ capacity for independent innovation and competition advantage.

In particular, since the 18th National Congress of the Communist Party of China in November 2012, which for上海会所

mulated the innovation-driven development strategy and five new development concepts, Chinese en

上海会所品茶微信terprises have increased R&D investment and achieved remarkable breakthroughs in core technologies. In

fields as important as aviation, railways and 5G technology, Chinese enterprises have even taken a leading position.

Huawei is a good example of an innovation-driven high-tech Chinese company.上海会所

For years Huawei’s R&D intensity has been above 14 percent. In actual terms, Huawei’s R&D investment las

上海会所品茶微信t year was 101.5 billion yuan ($14.77 billion)-the fifth-highest in the world and more than that of Microsoft, Apple an

d Intel. Also, by the end of last year, Huawei had more than 87,800 global patents. No wonder Huawei’s R&D in

vestment and abundant innovation have placed Huawei at 61 on the 2019 Fortune Global 500 list.上海会所品茶微信

And despite Washington preventing US companies from selling components to Hua

wei in the first half of this year, the company’s mobile phone shipment grew continuously.

上海会所Since the beginning of this century, Chinese companies have been

applying or trying to apply modern information technology to improve production and ope

rations. The Internet Plus strategy has helped expedite the integration of enterprises and the inte上海会所品茶微信

net. And many enterprises have achieved rapid growth by making use of innovative business models thanks to IT.

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characteristics is the leadership of the Party, which plays a central role in co

ordinating the overall situation, he said, citing Shen­zhen as a good example of ha上海千花坊

ndling the relationship between market and government since China’s reform and opening-up began.

上海千花坊女神会所Early this week, Washington will review its decision on Huawei as scheduled. It put the co

mpany on its export-control list on May 15, delaying the restrictions for three months from May 21.

Although it might be the US suppliers of Huawei that care more about the outcome than the Chinese telecommu上海千花坊

nications giant itself, the US should not try to hold Huawei hostage to try and force China into agreeing to an unfair trade deal.

Huawei is confident that no power can hold back the pace with which the world wil上海千花坊女神会所

l step over the threshold into the 5G era and equally sure of its leadership advanta

ges in that technology, which come from its innovation and foresight. It spends about $20 billion a year on research a上海千花坊

nd development, and it has reportedly already begun research on the next generation 6G telecommunications technology.

Its profitability has endowed its vision with practical meaning. In the first half of this year,上海千花坊女神会所

its sales revenue reached 401.3 billion yuan ($57 billion), up 23.2 percent year-on-year, realizing a net profit of a

bout $5 billion — last year the company’s annual net profit was about $8.4 billion.

上海千花坊Indeed, Ren Zhengfei, founder and CEO of Huawei, in his most recent

media interview, even thanked the US for letting the world know how good Huawei is.

Despite this, the US government should take the opportunity to rethink its decision on Huawei.上海千花坊女神会所

However, all the signs suggest the US will not change its mind. Meng Wanzhou, Huawei’s chief financial officer, is still being detaine

d by Canada at the request of the US, and there has been no indication she will be released.

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the patients were Chinese employees working at Chinese compani

es in Pakistan, but now more than 80 percent of patients are Pakistanis.上海后花园

The foundation also planned to build a similar center in Pakistan’s Balochistan province last year, but the plan was del

ayed due to security concerns. However, the center is likely to be opened this year, Liu said.上海后花园女神会所

The foundation also plans to build more of these facilities to meet local demand for medica

l care and emergency services, but obstacles such as the threat of terrorism remain, he said.

上海后花园On May 11, a five-star hotel in Gwadar, Pakistan, was attacked by terrorists, resultin

g in four hotel employees and a soldier being killed. Yan Yibing, a member of the CRCF, said the attack o

ccurred just a few hundred meters from the emergency center where he and his Chinese colleagues worked.上海后花园

“I had never heard gunshots before, and at first I thought it was firecrackers,” he recalled. “Then we heard people shouting o

utside and realized an attack happened. We were very frightened, and none of us dared to make a sound.”上海后花园女神会所

Liu said the emergency center has been reinforced to mak

e it more secure for medical and Red Cross staff members working there.上海后花园

Global demand for humanitarian assistance is huge, so China will intensify its contribution, Liu said.

In Afghanistan, for example, the number of children wit

h congenital heart disease registered with local Red Crescent societies exceeds上海后花园

7,000. In Iraq, it is estimated that more than 10 million people need humanitarian assistance, he said.

“We will intensify efforts and try our best to deliver more inter上海后花园女神会所

national humanitarian assistance to help more people,” Liu said.

Chinese candidates for the 45th WorldSkills competition had their zeal drummed up at a morale-motivating confe

上海后花园女神会所rence held by the Ministry of Human Resources and Social Security in Beijing on Friday.

The biennial WorldSkills competition will be held from Aug 22 to 27 in Kazan, R

ussia, and will involve about 1,355 candidates from 69 member countries and regions.

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 criminal actions of the demonstrators that are denying democracy and freedom to law-abiding Hong Kong residents.

And although Washington has repeatedly denied playing any role in the violent demonstrations in Hong Kong, the ill-inten上海后花园

tioned remarks from these prominent US political figures belies both those denials, since they have incited

上海后花园Hong Kong residents to engage in confrontation with both the SAR government and the central government.

If the increasing violent acts employed by the Hong Kong demonstrators are still being categorized as p上海后花园女神会所

eaceful calls for democracy by these US politicians and others, what happened in Hong Kong in the pa

st weeks has shown people around the world the ugly and violent side of Western-style democracy.

Here is what rioters have done in Hong Kong in the name of upholding democracy上海后花园

They have repeatedly occupied public spaces to stage illegal demonstrations, they have blocked roads and h

ijacked subway carriages so that people cannot go to work, they have attacked police officers, police stations and pol

上海后花园女神会所ice family quarters, even passers-by, and they have stormed the airport forcing it to shut down three times so far this month.

The Hong Kong police have done what they are supposed to do, which is enforce the law, fight crimes and uphold social order.

Yet by turning a blind eye to the iron-clad evidence of what is happening in the SAR, some polit上海后花园

icians in the US have criticized the Hong Kong police claiming they have used excessive force. One only has to re

call the police actions in Ferguson in the US and in Paris, France, to see how restrained the Hong Kong police have bee上海后花园女神会所

n. But using a double standard in this way has become typical US behavior. Anti-China forces in the West should not un

derestimate China’s determination to safeguard stability and prosperity in Hong Kong. Nor should they un上海后花园

derestimate China’s capability to defend its territorial sovereignty and security.

Meanwhile, the agitators and insurrectionists in Hong Kong should discard an

y illusion they may have that they will get away with their illegal acts and crimes. And th上海后花园女神会所

e SAR government will continue to enforce the law in the city and bring any lawbreakers to justice.

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 and prejudice— no matter how soft-pedaled things got right before Hong Kong’s return — plays into the hands of tho

se who want to see China fractured. Whitewashing the crimes of colonial powers, to say nothing of waving their fla上海千花坊

g, demonstrates a profound ignorance of history. Imagine for a moment what the people killed in anti-colonial fights ac

ross the globe would think if they saw this wholesale embrace of their tormentors.上海千花坊女神会所

This is where the contrast between flags must be emphasized. Blind worsh

ip of any national symbol is dangerous, but the Chinese flag stands for very different prin

上海千花坊ciples than the British or US ones. The People’s Republic of China flag represents liberation and an end to exp

loitation, and was only raised after years of bloodshed and revolutionary struggle. That success was the cul

mination of a century of resistance to imperialism, feudalism and colonialism. Countless lives were lost in pursuit of this no上海千花坊女神会所

ble goal, and those martyrs live on in the flag’s red fabric, as do the many others who have stood against opp

ression all over the world. The Chinese people are well aware of this, and treat their flag with care and pride.

But that shouldn’t be conflated with the callous jingoism of “former” colonial powers. Victory in a war of liberation and rut上海千花坊女神会所

hless imperial conquest are polar opposites — the former should be a source of strength and motivation in the fac

e of adversity, the latter should be regarded with the deepest shame. I myself recall my childhood in Texas, wh

上海千花坊ere the flag of the US was invoked to justify unilateral action against countless countries and the massacring of millions. T

he stars and stripes are used as a cudgel against minority groups to this day, and a “love it上海千花坊女神会所

or leave it” attitude is deployed against any critics of the country’s record of bigotry and genocide.

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 arrested as unlawful protests continue, violent acts spread over weekend in SAR

Violence has escalated to a point that smacks of terrorism in the Hong Kong Special 上海419

Administrative Region, China’s top authority on the city’s affairs warned on Monday.

 上海419品茶微信In Beijing, Yang Guang, a spokesman for the Hong Kong and Macao Affairs Office of the State Coun

cil, said radical protesters have repeatedly attacked police officers in the past few days and have com

mitted serious violent crimes. Such violence has begun to show the “first signs of terrorism”, Yang said. 上海419

Yang strongly condemned protesters who threw gasoline bombs at police officers on Sunday night.

 上海419品茶微信A very small number of rioters hurled the bombs at police officers at police sta

tions in Cheung Sha Wan, Tsim Sha Tsui and Wan Chai on Sunday night. A police off

icer was hit by one such bomb thrown by a protester in Tsim Sha Tsui, causing burns to his legs.

An initial diagnosis showed that the officer suffered second-degree bu 上海419品茶微信

rns on 10 percent of his left leg, and first-degree burns on 3 percent of his right leg.

“We express our strong indignation and condemnation of this sinister, reckless and serious crime,” Yang said.

Such violent acts have brutally violated the rule of law and social order in Hong Kon 上海419

g, seriously threatened the lives of Hong Kong citizens and challenged Hong Kong’s prosperity and stability, he added. Such

acts must be “resolutely cracked down upon” in accordance with the law, and the affairs of

 上海419品茶微信fice firmly supports Hong Kong police enforcing the law and bringing criminals to justice as soon as possible.

The central government’s liaison office in Hong Kong also issued a serious condemnation of violent lawbreakers.

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g the order of the international financial community,” Liu said.

Zhang Xiaohui, a senior researcher for the CF40 and a former assistant governor of the Chinese central bank, said, “The IMF concl上海龙凤1314

usion is objective and reflects that the yuan was assessed to be broadly in line with medium-term fundamentals.”

上海龙凤1314品茶微信Besides refraining from competitively depreciating its own currency, China has also b

een committed to promoting international currency policy coordination, said Zhu, the bank official.

President Xi Jinping announced at the Second Belt and Road Forum for International Cooperation in Beijing in April tha上海龙凤1314

t China will more effectively engage in international macro-economic policy coordination, including more improve

ments to the exchange rate regime, to ensure that the market plays a decisive role in resource allocation.

According to the IMF news release on Friday, its executive directors agreed that grea

上海龙凤1314品茶微信ter exchange rate flexibility and deeper and better-functioning foreign exchange

markets would help China’s financial system be more capable of dealing with capital flow volatility.

Chen Yuan, chairman of the CF40 Executive Council and former上海龙凤1314

vice-chairman of the Chinese People’s Political Consultative Conference, ca

utioned that China needs to prepare for long-term disputes, including in the field of finance.

Chen suggested increasing yuan-denominated settlements in global comm上海龙凤1314品茶微信

odity trade and accelerating the internationalization of the yuan to reduce reliance on the dollar.

Zhou Xiaochuan, chairman of the China Institute of Finance and a former c

上海龙凤1314entral bank governor, said at the CF40 forum over the weekend that China may have to take

countermeasures in the face of any tariff or nontariff barriers imposed against the country.

It was not manipulation but market forces that pushed the recent depreciation of the yuan against the gree上海龙凤1314品茶微信

nback, said Phil Levy, chief economist at Flexport, a San Francisco-based logistics company.

“It is difficult to argue that a failure to intervene against those market forces constitutes currency manipulation,” he said.

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ves the interests of the two and the region, experts sai

d, as Beijing and Tokyo resumed strategic talks after a seven-year hiatus. 上海千花坊

On Saturday, a strategic dialogue between

Le Yucheng, China’s vice-minister of foreign affairs, and his Japanese

 上海千花坊女神会所counterpart, Takeo Akiba, was held at the Karuizawa mountain resort in Japan’s Nagano prefecture.

They had what was described as candid exchanges about bilateral and regional issues and said they would push

forward the consensus reached between President Xi Jinping and Japanese Prime Minister Shinz 上海千花坊

o Abe at the Group of 20 Summit in Osaka in June, a Foreign Ministry statement issued after the dialogue said.

“Both China and Japan advocated building a relationship that meets the requirements of the new era,” it said.

 上海千花坊女神会所The resumption of the China-Japan strategic dialogue is a key sign that Beijing a

nd Tokyo have pushed forward their bilateral relations on the right track and forged closer ties, said Lu Hao, a rese

archer at the Chinese Academy of Social Sciences’ Institute of Japanese Studies.

Official exchanges and communication mechanisms, includ 上海千花坊

ing the strategic dialogue, were suspended after the two countries becam

e mired in a dispute over China’s uninhabited Diaoyu Islands in the East China Sea.

 上海千花坊女神会所Lu said the strategic dialogue mechanism plays a vital role for the two neighbors, especially as they are both fa

cing unprecedented conditions and a rapidly changing global environment.

“The dialogue not only focuses on improving bilateral ties but also touches on

some of the important regional and international issues of common interest,” Lu said, 上海千花坊女神会所

adding that boosting mutual understanding and cooperation between China and Japan, the w

orld’s second-and third-largest economies, helps promote regional stability and prosperity. 上海千花坊

On Friday, while meeting with Japanese Foreign Minister Taro Kono, Le, the

 上海千花坊女神会所vice-minister, said China and Japan should keep up the positive momentum broug

ht by the improved ties and enhance short-term goals while strengthening long-term ones.

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The Hong Kong and Macao Affairs Office of the State Council on Monday s

trongly condemned radicals who threw petrol bombs at police officers Sunday night.上海419品茶微信

Yang Guang, spokesman for the HKMAO, said Hong Kong’s radical protesters repeatedly attacking police officers in the pa

st few days have committed serious violent crimes and have begun to show “signs of terrorism”.

上海419品茶微信He said a very small number of thugs hurled petrol bombs at police officers at the police

stations in Cheung Sha Wan, Tsim Sha Tsui and Wan Chai on Sunday night, causing burn injuries to a police officer.

“We express our strong indignation and condemnation of this sinister, reckless and serious crime,” he said.上海419

In the past few days, Hong Kong’s radical protesters have repeatedly attacked police officers with ex

tremely dangerous tools, which brutally violate the rule of law and social order in Hong Kong, seriously threaten the liv上海419

es of Hong Kong citizens and challenge Hong Kong’s prosperity and stability, Yang said.

He said such violent crimes should be “resolutely cracked down on” in accordance with the law, and the HKMAO fir上海419品茶微信

mly supports Hong Kong police enforcing the law and bringing criminals to justice as soon as possible.

Yang called Hong Kong police force “the backbone” in maintaining Hong Kong’s social security and the rule of law.

They have been dedicated to their duties in accordance with the law over上海419

the past two months and their contributions to restraining the riots are obvious to all and

上海419品茶微信have won praise and high respect from all those who love peace and stability, he said.

“Hong Kong has reached a critical juncture,” he said, adding that all those who ca

re about Hong Kong’s future should step up firmly to stop the violence and restore order.

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 for Herbert Smith Freehills. The London-headquartered law firm has also been work

ing with Hiswara Bunjamin and Tandjung in Indonesia in a similar fashion for the last 15 years.上海夜网女神会所

Gavin Guo, international partner of Kewei, said that they had submitted an application for the joint operation to the Shang

上海夜网hai Municipal Bureau of Justice earlier this year and it took them three months to get the green light.

According to Guo, the joint operation of law firms is different from a joint ven

ture and does not include equity options. The two law firms are still independent e上海夜网女神会所

ntities but share administrative resources and provide one-stop legal services to clients.

Such joint operation models are attractive for multinational companies with operat上海夜网

ions in China and outbound Chinese companies, said Guo. Before this, companies need to go to a foreign la

上海夜网女神会所w firm and a Chinese law firm separately for legal services. This can be avoided as communication with both the l

aw firms can be completed in the same office and will incur only a single charge, he said.上海夜网

“Given the current global economic and political uncertainties and trade friction, governments are tightening their scru

上海夜网tiny and regulation in areas like foreign direct investment. The joint operation model will play a big role in te

rms of transaction habits, disputes resolution and even company strategies,” he said.

The first joint operation was set up by the Chicago-headquartered Baker McKenzie and Beijing Fenxun Partners in April 201上海夜网女神会所

5. In an action plan rolled out in April 2018, the Shanghai Municipal Bureau of Justice said it will study the possibility of pro

moting the joint operation model to the rest of the city to further improve the business environment.上海夜网

Domestic enterprises accelerate pace of innovation amid friction between China, US

The structure of China’s foreign trade will continue to improve with more flexibility in the second half of this year du上海夜网女神会所

e to its institutional, industrial and market advantages, officials and experts said on Thursday.

Li Kuiwen, a spokesman for the General Administration of Customs’ Department of Statis上海夜网

tics, said China has not only increased its market share with major economies such as the European Union th

is year, but its trade volume with emerging markets has also notably surged.上海夜网女神会所

Li’s remark came after the administration announced earlier on Thursday that China’s foreign trade grew 4.2 p

ercent year-on-year in the first seven months of the year to 17.41 trillion yuan ($2.47 trillion).

www.qiuLuhuang.cn