of the Chinese economy and effectively promoted the country’s long-term stable development.
The Nielsen report also found consumers’ personal financial situation and willingness to spend have been robust.上海千花网
In Q2, the sub-index for personal finance increased from 70 in Q1 to 71, hitting a historical high, and local j
上海千花网品茶微信ob prospects and willingness to spend came in at 77 and 61 respectively, the report said.
Sargent said the Chinese government’s efforts to further cut tax an
d lower fees have reduced the cost of enterprises and enhanced their vitality.上海千花网
The consumer trend index for different regions in China remained stable, reaching 124 in the eastern region while the
northern and southern regions achieved steady growth in the past three quarters, the report showed.上海千花网品茶微信
In addition, indices for first, second and third-tier cities all have increased steadily in the past four quarters, part
icularly in the past six months, driven by better personal finance and rising willingness to spend, the report said.
“In the first half of this year, people’s livelihood indicators such as employmen上海千花网
t, costs and income all performed well. Among them, prices were basically stable, and the supply and de
mand of the whole market balanced, boosting residents’ willingness to spend,” Sargent analyzed.
He said the consumption structure of residents was further improved by a change in consumption concept and m上海千花网品茶微信
ode, which gradually released the potential of service consumption demand.
The report also showed 68 percent of Chinese consumers prefer domestic brands, and even for the 62 percent of co
nsumers who would buy foreign brands, domestic brands are still their first choice.上海千花网品茶微信
Cost performance is the main reason why consumers choose domest
ic products, but for them, quality also weighs in higher than price.
rld center of tourism and leisure, and the building of a service platform for trade cooperation betwee
n China and Portuguese-speaking countries as basis, to promote an appropriate, diversified a上海千花网女神会所
nd rational layout of the industrial structure, and to realize the sustainable long-term development.
上海千花网If elected, Ho said that he will accelerate the public housing program, and address the housing ne
eds of residents with different incomes, especially of the “sandwich class” who are neither eligible
to apply for public rental housing nor able to afford private housing, and young people.上海千花网女神会所
Ho also said he will improve the comprehensive quality and competitiveness of young people, impl
上海千花网ement active policies on youth employment and entrepreneurship, and actively encourage young people to pa
rticipate in the development of the Guangdong-Hong Kong-Macao Greater Bay Area.
After the elaboration of his political platform, he also responded to上海千花网女神会所
the questions of some members of the chief executive election committee, concerning h
上海千花网ousing, education, employment, environment protection and gaming industry.
The two-week promotion period of election campaign started from Sa
turday. Ho’s campaign office will organize over 40 public activities during this period.上海千花网女神会所
olice in Southwest China’s Yunnan province have seized a total of 114.9 kilogra
上海千花网ms of drugs and captured 18 suspects in five recent cases, local authorities said Saturday.
On July 22, police on the China-Myanmar border city of Lincang busted two cases after receiving tip-offs about drug traf
ficking, with 32.67 kg of methamphetamine seized and seven suspects caught.上海千花网女神会所
A drug gang was busted in the city’s Gengma County on July 29, during which police found 23
.26 kg of methamphetamine from backpacks carried by three drug dealers nabbed on the spot.
anuary 2017, he pledged GDP growth at 4 percent. More recently, he projected
上海千花网女神会所US growth at 3 percent. Yet analysts estimate US growth this year at 2.5 percent or less. Quali
tative assessments suggest deterioration, as the growth of domestic demand is slumping.
Worse, US GDP growth forecasts for 2020 indicate softening to 1.8 per上海千花网
cent, possibly a (near-recession) slowdown－especially if trade and tech wars still
escalate. In the absence of negative surprises, China’s GDP growth is lik
上海千花网ely to stay within the target of 6.2 percent in 2019 and possibly in 2020 as well, with
supportive fiscal and monetary conditions. US tariff wars are likely to penalize the Chinese economy by less
上海千花网女神会所than 0.5 percent of GDP, which could be offset by just a modest depreciation of the renminbi.
If recent policy mistakes in the White House prevail, slower growth in i
nvestment spending, rising concern for continued trade wars and destabilizing geopolitics are likely to foster downside上海千花网
risks in global economic prospects, as risks for further downgrades morph into actual realities.
The author is the founder of Difference Group and has served at India, China and
上海千花网女神会所America Institute (US), Shanghai Institutes for International Studies (China) a
nd the EU Centre (Singapore). The views of the article do not necessarily represent those of China Daily.
Key indexes decline as US threat to impose tariffs rattles global investors上海千花网
China’s A-share market, together with other Asian peers, tumbled on Friday, after the
unexpected tariff threat from the United States overnight rattled investors globally.
上海千花网女神会所The benchmark Shanghai Composite Index fell by 1.41 percent to close at 2867.84 poi
nts, while the smaller Shenzhen Component Index ended 1.42 percent lower at 9136.46 points.
More than 3,000 shares, or 85 percent of the shares listed on mainland bourses in total, registered losses on上海千花网
Friday, with brokerages, energy equipment manufacturers and the shipping sector leading the fall.
上海千花网女神会所Low investor sentiment was witnessed in other Asian bourses on Friday, with Hong Kong’s Hang Seng, Japan’s Nikkei a
nd South Korea’s Kospi losing 2.35 percent, 2.11 percent and 0.95 percent, respectively.
composer Dmitri Shostakovich’s String Quartet No 8’s first movement during the 90-minute concert.
上海千花网女神会所”It is said that classical music is a high art or high culture but it’s not true in China,” says Yang
. Now 30, he was born in Beijing and started to learn the cello at the ripe old age of 8.
Giving background to the composers and their work helps audiences “enjoy classic上海千花网
al music”, he says. “That’s why we’ve been trying to do our bit to help usher them
上海千花网into the world of classical music with simple and fun knowledge and anecdotes about the art form and the works.”
Yang and the band have a loyal following. Hsieh Peiwen is one of the
m. She flew from Taipei to Beijing to attend the quartet’s concert on June 16.上海千花网女神会所
“The musicians of the quartet use simple language and easy-to-understand stories to explain the history of classical music. This a
上海千花网pproach made me interested in the composers and their pieces,” says Hsieh, who has been following the quartet since 2013.
“The quartet has solid technique and the musicians are dedicated to popularizing classical m上海千花网女神会所
usic among audiences who may have no classical music training or background. It’s inspiring,” she adds.
The quartet is performing at the National Library Arts Center to Aug 24.
上海千花网The repertoires include Franz Joseph Haydn’s first movement of String Quartet in
D Minor, Op 76, No 2, Wolfgang Amadeus Mozart’s String Quartet No 19 in C Ma上海千花网
jor, K 465, and Franz Schubert’s Death and the Maiden, String Quartet No 14 in D Minor, D 810.
The quartet was founded in 2005 by cellist Yang and violinist Ning, both former students of the Central Conse
rvatory of Music. The other members are viola player Qi Wang and violinist Su Yajing. Violinist Ma Weijia, a co-foun上海千花网女神会所
der of the quartet, left in 2011 and joined the string quartet at the National Center for the Performing Arts.
Yang relayed how Shostakovich was influenced by World War II, and how the compo
ser created the work, which they were about to play, in three days (July 12-14, 1960).上海千花网女神会所
The musicians closed the concert with Totem, a string quartet work created by Chinese composer Zhang Chao, who spent tw
o years in his hometown in Southwest China’s Yunnan province observing and researching ethnic folk music.上海千花网
The quartet reached out to the audience and established a bond as they explained each piece of work before performing it.
上海千花网女神会所With background stories of the composer
s and their pieces, as well as photos, the quartet highlighted the appeal, centr
ality and emotion of classical music to the audience, especially the younger members.
Chinese and Western elements and values can find common ground. A good example being the part in the trailer where the matchmaker describes the qu
alities that make for a good wife, namely a woman being “quiet, composed, graceful, disciplined”. This is said with M上海千花网品茶微信
ulan appearing in two images. One has her dressing as a woman, the other with her practicing sword. Obviously Disney de
上海千花网scribed Mulan as a warrior, an independent female who can save herself instead of waiting for someone to save her.
That’s a good point where Chinese and Western values are similar because gender equality and female independence are上海千花网
now valued in both cultures. It will strike a chord with both Chinese and Western audiences.
上海千花网品茶微信But whatever styles her clothes and makeup follow, Mulan is a Chinese legendary heroine and she embodies the virtues of Chinese wo
men. Disney’s Mulan should also prompt the Chinese movie industry to make better use of Chinese stories. Chinese scriptwriters an
d directors can well tell stories about Chinese ancient heroes to the world, instead of waiting for Disney or H上海千花网
ollywood to tell them. Good stories move audiences of the whole world because their hearts are interconnected.
上海千花网品茶微信The top 500 Chinese companies saw their revenue reach 45.5 trillion yuan, an increase of 14.8 perce
nt year-on-year, accounting for more than a half of China’s GDP that broke through 90 tr
illion yuan last year, according to Fortune magazine’s Chinese edition on Wednesday.
The net profits of the 500 companies reached 3.635 trillion yuan, up 4.21 percent from a year earlier, and the threshold to list in China’s Fortune 500 r上海千花网品茶微信
anking rose to 16.23 billion yuan revenue, up by 17 percent year-on-year, said the magazine.
The top three companies are China Petroleum & Chemical Corporation (Sinopec), Petrochina Company Limited and China上海千花网
State Construction Engineering Corporation Limited, with 2.89 trillion yuan, 2.35 trillion yuan and 1.3 tr
illion yuan in revenue, respectively, and 63.09 billion yuan, 52.59 billion yuan and 38.24 billion yuan in profits, respectively.
上海千花网品茶微信The top 10 most profitable companies are China’s “Big Four” banks – Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of Ch
ina and the Bank of China – and China Mobile Limited, Ping An Insurance (Group) Company of China Ltd, China Me
rchants Bank Co Ltd, Tencent Holdings Ltd, Bank of Communications Co, Ltd and Alibaba Group Holding Ltd, a上海千花网品茶微信
nd their total profits reached 1.46 trillion yuan, accounting for 40.3 percent of the 500 companies’ profits.
Policies to enhan上海千花网ce entrepreneurship, employment and consumption are encouraging people to spend
上海千花网品茶微信Consumption will continue to be the strongest driver of China’s economic growth
and the country’s regulators are looking at ways to further liberalize its potential.
Immediately after the three-day Dragon Boat Festival at the beginning of June, during which, according to China’s Ministry of C上海千花网
ulture and Tourism, Chinese tourists spent 39.3 billion yuan ($5.72 billion) on domestic travel, the country’s sav
上海千花网品茶微信vy internet users were busy arranging their shopping carts for the online sales day on June 18.
“It is the best time to stock up on those daily necessities of life for the whole year,” said Hong X
in, a 28-year-old office worker in Suzhou, Jiangsu province, who had her eye set on a toilet paper and
上海千花网品茶微信washing liquid value deal on Tmall, one of the country’s biggest e-commerce platforms.
She said the sales day was not just about saving money, but also about en
joying better products. “For example, wet toilet tissue is quite expensive if you buy it in
the supermarket one pack at a time, but it is much more affordable during the sales day if you buy in bulk,” she said.上海千花网
Consumers like Hong, who have a strong willingness to spend to make their lives easier, are adding
impetus to national consumption, which achieved an eye-catching performance in the first quarter of上海千花网品茶微信
2019, according to Nielsen, the New York-headquartered information, data and measurement company.
Nielsen’s report said that in the first quarter, China’s consumer trend index, which measures perceptions of local job pr
ospects, personal finance and willingness to spend, was close to a historical high.
he next five to seven years, China’s policy support for new energy vehicles will drive g
lobal growth,” said Kou Nannan, head of research at Bloomberg New Energy Finance.
As early as in 2012, the State Council introduced a pipeline to guide the development of the natio
n’s EVs, with a goal of producing 2 million units and selling 5 million EVs by 2020. Later on, cent
ral and local governments carried out a series of subsidy policies in the NEV industry, such as purchase tax exemption an
d purchase subsidies, to offer greater support to the industrialization of China’s NEV industry.
According to the agency, China will specifically lead in the e-bus market. It is estimated that by
2025, China’s e-bus fleet share will reach 50 percent, and by 2040, the ratio will rise to roughly 80 percent.