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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Lekima, the ninth typhoon of this year, made a second l

anding around 8:50 pm Sunday along the coastline in East China’s Shandong. 上海会所品茶微信

A deadly typhoon has killed at least 32 people in East China’s Zhejiang

上海会所province as of 1:30 pm on Sunday, with another 16 missing, local authorities said.

Most of the deaths occurred in Yongjia county, administered by Wenzhou city, where torrential downpours caused a land上海会所品茶微信

slide that blocked rivers. The barrier lake bursted and flooded people away. Twenty-three died and nine went missing there.

Three were killed in Lin’an, with four missing, while six died in Leqing, and three went missing in Linhai.上海会所

Nearly 1.08 million people have been evacuated to safe places, and close to 5 million

people in Zhejiang were affected, said the provincial flood control headquarters.

Lekima, the ninth typhoon of this year, landed around 1:45 am Saturday in Zhejiang, bringing heavy rainstorms and triggering flash floods.

上海会所In Zhejiang, the typhoon damaged more than 173,000 hectares of crops and 34,000 houses. Direct economic loss a

mounts to 14.57 billion yuan (about $2.1 billion), the headquarters said. Rescue operation is underway.

Lekima is moving northwards and will churn up the east coast of Shandong Province on Sunday.上海会所品茶微信

It is expected to make a second landing along the coastline in Shandong late Sunday, b

ringing strong wind and heavy downpours, the National Meteorological Center warned on Sunday.

上海会所Shandong air traffic management bureau said the typhoon will greatly affect tr

affic in airports of the area. A total of 47 flights have been adjusted.

In Shanghai, the local meteorological observatory issued an orange alert on Typhoon Lek上海会所品茶微信

ima Saturday afternoon, with heavy downpours expected in its urban area within the next six hours.

The Shanghai Disney Resort, including Shanghai Disneyland, was closed on Saturday for safety reasons.

上海会所It is the first time that Shanghai Disneyland has closed

down due to inclement weather conditions since its opening in June 2016.

People who had tickets for Shanghai Disneyland for Saturday can visit the park on a上海会所

ny other day within the next six months (by February 10, 2020), according to the resort.

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 US agricultural products by China according to its own domestic needs and favorable conditions to be offered by the US side for the purchase.

上海会所Minister of Commerce Zhong Shan, Governor of the People’s Bank of China Yi Gang, Vice Minister in Charge of the Nat

ional Development and Reform Commission Ning Jizhe, Deputy Director of the Office of the Central Commission for上海会所品茶微信

Financial and Economic Affairs and Vice Finance Minister Liao Min, Vice Foreign Minister Zheng Zeguang, Vice Mi

nister of Industry and Information Technology Wang Zhijun, Deputy Director of the Office of the Central Ag

上海会所ricultural Work Leading Group and Vice Minister of Agriculture and Rural Affairs Han Jun, and Vice Minister of Co

mmerce and Deputy China International Trade Representative Wang Shouwen joined the consultations.

The two sides will hold the next round of high-level economic and trade consultations in the United States in September.上海会所品茶微信

hina’s official manufacturing Purchasing Managers’ Index rose to 49.7 in July, up from

49.4 in June, according to a statement of the National Bureau of Statistics on Wednesday.

上海会所品茶微信The non-manufacturing business activity index stood at 53.7 in July, compared with 54.2 in the previous month.

The composite index, which combines results of manufacturing an

d non-manufacturing surveys, came in at 53.1 in July, up from 53 in June.上海会所

A reading above 50 indicates activity expansion while one below that mark means contraction

Skateboarding is thriving now, but it’s taken the hard work of dedi

上海会所cated and bruised practitioners to build up momentum, Xing Wen reports.

A low rumble, punctuated by the rhythmic “click, click, click” caused by the grouting bet

ween paving slabs. A scrape, a sharp “CLACK”, silence, and a clatter, followed by the return of that mo上海会所品茶微信

notonous rumble… It’s a soundtrack heard on nearly every street in almost every corner of the world.

It is the music of defiance and rebellion, of freedom and youth. It’s a song

that parents hate and that evokes dollar signs in the minds of osteopathic doctors.

上海会所品茶微信Yet, in Tokyo next year, it will be one of the loudest played pieces in the concerto of the Summer Olympics. Skateboarding

has finally arrived on the biggest stage in the world-and China is looking for a front-row seat.

These days, young people skateboarding wherever the street furniture for上海会所品茶微信

ms ramps, bumps, rails and ledges may be common-along with hearing slang terms lik

e “lock in” and “drop in”-but, the development of skating culture in China is a 30-year story.

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ould launch the new tech board and pilot the registration-based initial public offering syst

上海会所em. In a high-profile meeting in February, Xi called for improvements in the fundamental rules of capital markets.

The STAR Market has been seen as the testing ground of capital market reforms. No daily limit

of stock price rises or losses was imposed on the first five trading 上海会所品茶微信days, and after that a 20-percent dai

ly limit was adopted, versus a 10-percent limit for other boards of the A-share market.

上海会所As the 20-percent daily limit is applied from next Monday and as investors understand more about the fundame

ntals of the listed stocks, the volatility of the new market is set to decrease, Wang said.

“Prices of stocks on the STAR Market are expected not to continue g上海会所品茶微信

oing up or down together but to diverge, as investors take a closer look at the listed firms’ fu

ndamentals, instead of regarding stocks on the new board as a whole,” Wang said.

上海会所Li Daxiao, chief economist at Shenzhen-based Yingda Securities, said stocks of the new market m

ay be overvalued as investors chased the small amount of listings on the new board, citing that the average price-t

o-earnings ratio, a common gauge of valuation, of the STAR Market has risen to more than 100.上海会所品茶微信

But any bursting of a price bubble is unlikely to happen, Li said, as the number of listed firms will not increase sharply.

上海会所Although the new board may draw funds from the other submarket

s, it is unlikely to weigh on the performance of the whole A-share market in the third quarter, Li added.

“The actual impact of draining liquidity is limited, but it was the uncertainty that took a toll on in上海会所

vestor sentiment. With the smooth debut of the STAR Market, such concerns will gradually disappear,” Li said.

上海会所品茶微信The whole A-share market may rally in the third quarter, given ex

pectations of the accommodative monetary environment, the influx of foreign cap

ital, and the recovery in listed firms’ financial performances as the economy stabilizes, according to Li.上海会所品茶微信

On Thursday, the benchmark Shanghai Composite Index gained 0.48 per

cent to 2937.36 points, while the blue-chip CSI300 index rose 0.82 percent to 3851.07 points.

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 which provides support to Guangdong province and the Guangdong-Hong Kong-Macao Greater Bay Area. It is an impo

rtant platform to deepen cooperation between China and Singapore,” noted Heng Swee Keat, Singa 上海会所品茶微信

pore’s deputy prime minister and finance minister, when he and his team visited CSGKC in May.

 上海会所With joint effort, the CSGKC maintains growth and embodies

ecological protection. The combination will attract professionals, he added.

Greeting Heng’s delegation, Zhang Shuofu, Party secretary of Guangzhou, said th 上海会所品茶微信

at the two sides will deepen cooperation in scientific innovation, emergin

 上海会所g industries, education, culture and ecological environment. They will also promote the collaboration of indust

ries and smart cities, to build the CSGKC into a highland of knowledge innovation.

Designated as a major innovation platform in the Bay Area, the CSGKC has gained much development in nine years. 上海会所品茶微信

According to official statistics, the CSGKC has attracted 1,524 companies with registered capital totaling 133.4 billion yuan

($19.39 billion). It also completed investments in fixed assets worth 106.2 billion yuan. 上海会所

Among them are CanSemi Technology, a 12-inch wafer chip supplier to be operational soon, equipment manufa

 上海会所品茶微信cturer Greatoo Intelligent Equipment, biopharmaceuticals company BeiGene and other big names.

Collectively, they have launched 165 projects – 48 of w

hich are under construction – with a total investment of 77 billion yuan. 上海会所品茶微信

Cooperation with international companies is boosting the development of the biomedicine industry in the CSGKC.

Earlier this month, the CSGKC administrative committee signed an agreement with Tessa Therapeutics in Sin 上海会所

gapore for the latter to set up its China pharmaceuticals headquarters. The agree

 上海会所品茶微信ment focuses on the research and development, production and sales of innovative immunotherapy.

Tessa will invest $120 million in the project. They will set up teams to launch clinical tests and strengthen the biomedic 上海会所品茶微信

al innovation chain in Guangzhou, according to Andrew Khoo, co-founder and CEO of Tessa.

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econd-phase trial, and the initial work is underway at a hospit

al in Beijing and another hospital in Hangzhou, Zhejiang province, he said.上海会所品茶微信

Chuang Chuang, who runs Hangzhou Sunflower, a charity organiz

上海会所ation promoting LGBT rights that helped recruit volunteers in Hangzhou, said more

than 100 volunteers had approached the organization to register after hearing about the second-phase trial.

“Some of them were disqualified after our selection process, and the rest were referred to上海会所品茶微信

the hospital in Hangzhou,” he said. “They must pass physical tests before formally becoming volunteers.

上海会所品茶微信”Most of the volunteers I know are students or (other) young men. Some signed up initially, but withdrew after b

eing informed they would have to participate the whole trial, which lasts nearly two years.

Nuan Yang, a volunteer from Hangzhou, said he registered throug上海会所

h the organization as soon as he heard about the second-phase trial.

上海会所”品茶微信I hope to see the vaccine available for us as early as possible. Although HIV can be controlled and AIDS is almost a chronic dise

ase now, many people with HIV are living under heavy pressure and have to endure discrimination from others,” he said.

“If a vaccine is available to prevent the infection, fewer people will fear HIV and discriminate against carriers.”上海会所品茶微信

Shao said developing HIV vaccines was much harder than developing vaccines for other diseases because of the co

上海会所nstantly evolving nature of HIV, but progress has been made around the world in the past decade.

“AIDS is one of the most serious threats to human health, and we s上海会所品茶微信

hould never lose faith we will conquer it, even though it is very difficult,” he said.上海会所

The number of people living with HIV in China was estimated at around 1.25 million at the end of last year, and about

80,000 people become infected each year, according to the National Health Commission.

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o Greater Bay Area, which aims to be a world-class technological hub, SSGKC will play a key role in cr

上海会所eating an innovation platform for the coordinated development of the cities in the region. Officials said it can be smoothly con

nected with the business environments of Hong Kong and Macao and promote multilateral economic collaborations.上海会所品茶微信

Of particular interest, the local government said it aims to build a data exchange center and a technological innovation park for the greater bay area.

As the country’s only pilot zone for intellectual property applications and protection, SSGKC will provide compr

ehensive services to protect the achievements of companies and facilitate their patent applications. Meanwhile, it pla上海会所

ns to build an International IP Exchange Center for the Belt and Road Initiative, the local government said.

“One of the main reasons that overseas resources and companies are choosing to cooperate with the knowledge city or settle do上海会所品茶微信

wn here is that SSGKC is relentless in its efforts to be as good as its global counterparts in terms of IP pr

上海会所otection,” said Yu Long, president of Sino-Singapore International Joint Research Institute.

More than 80 IP-related organizations and institutes are located in SSGKC, including the IP

Court of Guangzhou, one of the patent examination centers of the China National Intellectual Property Ad上海会所品茶微信

ministration and the first overseas representative office of the Intellectual Property Office of Singapore.

上海会所Li Lietao, co-founder and board chairman of Lion TCR Pte, a renowned clinical-stage biotechnolo

gy company in Asia, said his decision to move the company from Singapore to SSGKC two years ago has been proven wise.

He said he was attracted by the familiar planning of SSGKC, which, in上海会所品茶微信

itially based on the planning idea of Liu Thai-Ker, former master planner of Singapore, has be

en developed into a naturally harmonious community on the 123-square-kilometer plot.

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d Road Initiati上海会所品茶微信ve to Africa, he said, adding that both partners should respect market pri

nciples and ensure economic and social benefits to improve the continent’s capacity for sustainable development.

Wang said more than 880 cooperation projects will be carried out in the next three years.

In a news conference on Tuesday afternoon, Vice-Minister of Com

merce Qian Keming said that in their next step, China and Africa will carry out capacity-buil

ding cooperation and promote infrastructure, trade and investment cooperation. China will increase imports fro

m Africa to ensure the continent shares in the huge Chinese market, he added.

Ugandan President Yoweri Museveni said the eight major initiatives have helped address the de

velopment challenges facing African countries and will help guide their cooperation in the right direction.

9319144org.cn

Xi and his wif上海会所品茶微信g Liyuan, were greeted by Kim and

his wife, Ri Solju, at Pyongyang Sunan International Airport upon their arrival.

Under Chinese and DPRK national flags and large welcome banners, nearly 10,000 people

lined up at the airport, waving flowers and chanting cheerful slogans to greet the Chinese guests.

Following a grand welcoming ceremony complete with a 21-gun salute, Xi headed to the square of

the Kumsusan Palace of the Sun, where he became the first foreign leader to receive a salute at the hi

ghly symbolic site. Hundreds of thousands of people lined up along the road from the airport, waving flags and flo

wers and chanting “Long Live the China-DPRK Friendship” and other slogans to welcome Xi.

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Beijing said on Mo上海会所品茶微信nday it will continue to investigate thoro

ughly and carefully the collision of Chinese and Filipino boats in the

South China Sea, and handle the incident properly with Ma

nila based on facts and in a cooperative and friendly manner.

A Chinese fishing boat and a Filipino fishing boat collided accident

ally in the waters near Liyuetan in the South China Sea

early Monday morning, Foreign Ministry spokesman Lu Kang said.

Extending China’s condolences to the Filipino fishermen who expe

rienced the collision, Lu emphasized the collision wa

s an accident, and said China and the Philippines have communicated several times over the incident.

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