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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.

www.whcoding.cn

Shanghai strengthens 上海千花网tionsuangzhou’s Tianhe a

Making use of Guangdong-Hong Kong-Macao Greater Bay Area to become a hub

With its modern industrial system, Tianhe district in Guangzhou, South China’s Guangdong province, is seizing the oppo上海千花网品茶微信

rtunities brought about by the construction of the Guangdong-Hong Kong-Macao Greater Bay Area to become an

international first-class central business district, an international core area for innovation in science and t

上海千花网echnology, and a demonstration zone for Guangdong-Hong Kong-Macao cooperation.

Its solid industrial foundation and favorable business environment, as well as the gove

rnment’s strong policy support, attract large numbers of enterprises to the district.上海千花网品茶微信

By the end of November, 162 out of the Fortune Global 500 enterprises had invested in 228 proj

上海千花网ects in finance, science and technology, trade and commercial services in Tianhe. It is the city

‘s center for headquarters, with 104, or 29 percent of the total across Guangzhou, making Tianhe’s business dis

trict one of the three largest world-class central business districts in China. Among these, 95 percent of the h上海千花网

eadquarters in Tianhe are in the service sector and 25 headquarters are foreign-funded ventures.

上海千花网In the first three quarters of 2017, Tianhe’s GDP hit 304 billion yuan ($46 billion), up 9.5 percen

t year-on-year. Its GDP has been the highest among all the districts in Guangzhou for 10 years consecutively.

More importantly, experts said innovation, high-tech and service上海千花网

sectors have become the driving force of the district’s economic growth. The district go

上海千花网品茶微信vernment focuses more on quality rather than quantity when it comes to the economy.

With 53 innovation platforms and 51 startup incubators above city level, the district government is carrying out what it c

alls its “super incubator” strategy. It is making use of old industrial parks, factory workshops and public sites co上海千花网品茶微信

llectively owned by villagers to provide a platform for startups and to foster local economic growth. So far, Tianhe has cr

eated 29 of this kind of incubators for startups and innovation, covering a total area of 1.11 million square meters. The di

strict is also implementing a convenient “five-in-one” new business registration system.上海千花网品茶微信

As a center of finance and technology industries, Tianhe has 215 registered financial agencie

s and 33 enterprises listed on the stock market. It boasts 378 research and development institutes set u

p by enterprises, 86 institutes affiliated to universities and governments, and 239 engineering technology research centers.上海千花网品茶微信

Last year, 4,312 patent applications were submitted in Tianhe, 32 percent

of the city’s total and a rise of 45 percent year-on-year. Among these 1,158 patents were granted.

By the end of last year, Tianhe had 1,403 high and new-technology ent

erprises, as well as more than 50,000 science and technology enterprises.

www.shlfao.com

Will the maximum pr上海千花网ed on China take effec

Using maximum pressure to achieve its goals is a trick frequently used by some in the United States for international negotiations cal

上海千花网led “the art of trading”. Its main feature is using the means of multifaceted attacks and unlimited requirements while at the same time gaming against its opponent in m

ultiple issues that cross different fields, and then resorting to selected compromising moves to achieve the goals of core interests, to maintain hegemony through power, and to defeat the opponent t上海千花网

hrough bullying and deception. Some people in the US think that “maximum pressure” is extremely powerful, and decidedly useful when dealing with China.上海千花网

Is the “maximum pressure” measure really effective? In dealing with some small and weak countries, the US government has arbitrarily waved the big stick of sanctions and relied on its power and maximum pressure to impose its own interests. Some countries, shadowed by the powerful economic and political pressur上海千花网

e from the US, either because of a lack of overall strength or because of long-term dependence on the US, have been forced by the US to make compromises in accordance with the require

上海千花网ments of the US in negotiations, and they have to quiet down and let the US get what it wants. This is a situation that happens often and inevitably leads some people in the US to form the opi

nion that all countries, including China, will be afraid of the maximum pressure strategy and will certainly yield and surrender under their powerful pressure.

• Can trade protection make the “return of the manufacturing industry” to the US possible?

上海千花网女神会所Since the Trump administration came to power, it has put forward the proposal of “buying US goods and hiring US workers”, emphasizing the “return of the manufacturing industry”. Some people in the US

offered preferential policies to enterprises that came back to the US to set up factories. For those enterprises that moved their factories abroad, they were threatened with tariffs, forcing ente

rprises to return to the US for production. Can these trade protectionist practices really enable the US to achieve a return of the manufacturing industry?上海千花网女神会所

Whether the return of the manufacturing industry can be achieved depends first on the reasons behind the outflow of manufacturing from the US.

From the perspective of the US domestic economy, its manufacturing outflow is determined by how the local economy works.上海千花网女神会所

In the process of economic globalization, US multinational companies have transferred more and more industries to developing countries to a

chieve maximum profitability. Through industrial transfer, they reduce costs, expand markets, divert pollution, and i

ncrease the profitability of capital. At the same time, more and more capital has left the real economic sector with lo

wer profit margins, and turned to the financial sector to engage in financial speculation, leading to the hollowing out and virtualization of the US economy.

• Can economic and trade friction promote US economic prosperity?

Since 2019, the employment rate and the market value of the US stock market have remained high. In the first quarter, the actual GDP annualized quarter-on-quarter

preliminary value was 3.2 percent. Since the introduction of economic and trade friction by the US against China, the US economy seems to be

doing well. This has made some people in the US confident about constantly escalating trade friction with China. But to o

bjectively evaluate the so-called prosperity of the US economy requires a comprehensive and rational analysis.

Based on some indicators, the US economy is prospering. However, whether it will continue to prosper depends on the

state of capital accumulation. In the first quarter of 2019, the seasonally adjusted fixed-capita

l investment growth rate of the US private sector was only 1 percent, significantly lower than growth rates in 20

17 and 2018. According to US official data, US durable goods orders fell 2.1 percent from the previous month in April 2019, surp

assing the expected 2 percent decline. Shipments of core capital goods – a leading indicator of economic expansion – fell by 0.9 percent in April. Fr

om the perspective of development trends, economists are unsure about the prospects of the US economy. According to a recent survey released by the Na

tional Association for Business Economics, many economists predicted that the possibility of a recession in the US ec

onomy by the end of 2020 will almost double, mainly due to the US government’s trade protectionist policies.

www.shlf18.com

Pacts mulled in president’s visit to Central Asia

Trip will includ上海千花网女神会所e bilateral talks with leaders of nations at regional organization’s meeting

China will sign an array of cooperation agreements with Kyrgyzstan and Tajikistan during President Xi Jinping’s state visits to the

two Central Asian countries to further strengthen their ties, a senior diplomat said on Monday.

As an important outcome of Xi’s visits, Beijing will also sign a joint statement with each country on furthering their com

prehensive strategic partnerships, Vice-Foreign Minister Zhang Hanhui said at a news briefing.

Xi will also attend the 19th meeting of the Council of Heads of State of the Shanghai Cooperation Organization in Bishkek, the Kyrgyz

capital, during his stay from Wednesday to Friday, as well as the fifth summit of the Conference on Interaction and

Confidence Building Measures in Asia in the Tajik capital of Dushanbe during his visit from Friday to Sunday.

www.lanqiaowangluo.cn

And given that the other major economies are using fre

e trade zones上海千花网品茶微信j as a strategic means to play geopolitical and geo-economic games, China should accelerate the b

uilding of free trade zones with other countries under the bilateral or multilateral investment ag

reement framework for a diametrically opposite purpose: boosting global economic cooperation.

The focus of international trade policy has shifted from tariffs and licensing to convenient inves

tment and trade facilitation policies, and creating of a business-friendly climate. So while ope

ning up the domestic market and helping improve the utilization of foreign capital, China should also work out de

tailed rules on the foreign investment law, take steps to remove the obstacles to outbound Chinese investments, promote th

e free flow of global and domestic production factors, and expand its economic development space.

Important to reform global governance system

To stabilize the economy and prevent risks, China should seek more govern

ment-funded infrastructure investment projects in fields such as 5G networks, intellig

www.hebeishengxin.cn

Development of huge shale oil field goes full steam

This year, PetroChina’s Xinjiang Oilfield Company has been fully develop

ing the Jimsar shale oil field, which boasts 1 billion tons of shale oil reserves, Xinhua reported.

The company has mobilized 36 drilling rigs, started drilling on 47 wells and completed eight wells till now. The daily drille

d footage surpassed 2,000 meters and the total drilled footage reached 160,000 meters.

PetroChina has ramped up exploration efforts on Bohai Bay Basin, Songliao Basin, Ordo

s Basin and Junggar Basin in recent years and shale oil was listed as one of the four exploration goals. Dagang Oilfi

eld, Xinjiang Oilfield, Tuha Oilfield and Changqing Oilfield have been set as important demonstration zones.

Xinjiang Oilfield Company said it planned to mobilize 45 drilling rigs this year to finish drilling nearly 100 wells.

ax132.cn

In the men’s singles, the 3rd-ranked Shi Yuqi concede

d the first game 15-21 but found his rhythm and controlled the match to take the last two gam

es 21-5 and 21-11, stunning the world’s No 1 Kento Momota to seal the victory for China.

Earlier, China who has competed in every edition of the biennial tournament, has recorded two Cu

p-winning streaks of four (1995-2001) and six (2005-2015) titles during the 30-year history of the Su

dirman Cup, including the 2015 final which China also defeated Japan 3-0.Strong winds and heavy rainfall hit Bei

jing Sunday morning, causing over 100 flights to be canceled and delays for dozens of trains.

The capital’s meteorological bureau on Saturday af

ternoon issued a yellow alert for lightning expected in the city from 2 am S

unday until 2 pm in the afternoon. It also warned that some areas might face gusts of wind gusts and hail.

shlfat.com

Moreover, China’s economic development in the past three de

 decades has prompted a huge rise in urbanization, which has see

n large numbers of unattached young people from rural areas move to large cities in sea

rch of work. Their work-dominated lifestyles mean few have friends to share meals with.

To feed this massive market, catering companies have started providi

ng more options tailored to single customers. Meituan-Dianping, a popular food del

ivery company, told the Financial Times that 65 percent of its orders come from unmarried customers.

On food delivery platforms, many restaurants offer meal deals specifically for singletons. Pizza Hut provides 15-centimeter, o

ne-person bases, while stir-fry restaurants offer reduced portions or meal deals consisting of just one or two dishe

s and a bowl of rice, compared with traditional meals that must contain at least three main dishes plus a soup.

jsLongsun.com

Father of slain student petitions court for death penalty

It’s been nearly a year since Xie Diao, a postgraduate student of the Chinese Academy of Sciences, was stabbed seven tim

es to death by his high school classmate Zhou Kaixuan at a restaurant outside the school.

Xie Zhonghua, father of Xie Diao, has been immersed in grief in the past year: He often

dreamed of his son, but then would suddenly awaken and start sobbing uncontrollably.

The case will finally be heard in Beijing First Intermediate People’s Court on May 24. To get justice for his son, Xie Zhon

ghua took to the streets and publicized the case, gathering tens of thousands of signatures that he has su

bmitted to the court. He hopes that, through his petition, the court would sentence Zhou to death.

www.exdkjp.cn

China has to walk a fine balance between local govern

nment debt management and stable economic growth, especially at a time when trade te

nsions with the United States have imposed more downward pressure, said economists.

More financial resources and investors will be involved in the debt resolution process, said Qiao Baoyun, head of the Acad

emy of Public Finance and Public Policy at the Central University of Finance and Economics.

The last round of local government debt swaps started in 2015 and ended in August 2018, w

hich saw 14.34 trillion yuan ($2.08 trillion) of local government debt being swapped into bonds.

Local governments are set to face more debt burden in the next three ye

ars, as many of the previously issued bonds are set to expire, income from land sales has

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