Treasury. He said the Belt and Road Initiative, or BRI, initiated six years ago, will play a “hugely i

mportant” role in global trade, which has been buffeted by rising protectionism and unilateralism.

 上海会所品茶微信The BRI aims to build the Silk Road Economic Belt and the 21st Century Maritime Silk Road and de

liver policies, infrastructure, trade, financial and people-to-people connectivity via a new platform for a brighter future.

“If it can be implemented collectively, it can transform the trade pattern in Asia, particularly between China and India, two of the major BRICS countries,” he added. 上海会所

O’Neill is known for coining the term BRIC, the group term for Brazil, Russia, India and China, in 2001, to describe the four rapidly-developing nations that symbolized the shifting balance in the global economy.

South Africa was added to the group nine years later, making it BRICS.

 上海会所品茶微信”China remains the only one of the BRICS countries that after 17 years has actually done exactly what we had expected it would achieve,” he said.

His opinion is that the ongoing trade dispute with the United States is not the most important challenge the country currently faces.

To continue its success, O’Neill said, China needs to address aspects of its aging population, which is a key contributor to the economic growth slowdown, and tackle environmental issues and population control in urban areas.

Yuan Renguo, former chairman of Kweichow Moutai Group, has been charged with acceptin 上海会所品茶微信

g bribes by Guiyang City People’s Procuratorate, according to Supreme People’s Procuratorate (SPP) on Friday.

The Guiyang City People’s Procuratorate has prosecuted the case to Guiyang City Intermediat

e People’s Court and the court hearing will be held at a later date, the SPP said in a statement on Friday.

According to the indictment, he took advantage of his job to gain benefits for other en 上海会所品茶微信

terprises and individuals, then accepted huge bribes either paid in cash or other properties.

Yuan, 62, was born in Renhuai, Guizhou, where the Moutai group is located. He joined Moutai in 1975 and became deputy manager in 1990.

yt178.cn

The China Railway Express service is carrying goods across Eurasia, attracting more custom

上海乌托邦ers and generating profits. Cui Jia and Wang Xiaoyu report from Urumqi and Alashankou, Xinjiang Uygur autonomous region.

Editor’s note: This is the fifth in a series of stories focusing on the Xinjiang Uygur autonomou上海乌托邦上海品茶

s region, looking at developments in the economy, the cultural and business sectors, and poverty alleviation measures.

With the completed customs clearance documents for 80 imported high-end cars in his ha

nd, Zhang Xiafei arrived at the customs office at the land port of Alataw Pass, Xinjiang Uygur autonomous region.上海乌托邦

Within minutes, a customs officer had logged all the details required for the vehicles to enter the Chinese market via a freight train service that connects Europe and China.

“These Porsche cars left Poland nine days ago. In a few days, they will arrive in Chongqing. The China Railway Express service is very reliable and punctual. More important, it has helped cut transport上海乌托邦上海品茶ation times by half compared with moving the goods by sea,” said Zhang, an employee of Jie’an Logistics, a freight company that has used the service regularly in the past year.

The China Railway Express, aka the China-Europe freight train, is a network of rail services that carry cargo between China and Europe via Central Asia. Nearly 70 percent of the trains use the Alataw Pass, a land port in the Gobi Desert on China’s border with Kazakhstan.

上海乌托邦上海品茶In March 2011, the first such service left the southwestern city of Chongqing headed for Duisburg, Germany. By the end of last month, 5,900 China Railway Express and China-Central Asia trains had used the border crossing.

The rising number of services and their growing popularity has made Northwest China’s largest land port busier than ever.

From January to the end of last month, 851 China Railway Express trains used the Alataw Pass crossing. The value of the freight the上海乌托邦

y carried was $5.2 billion, a rise of 69.6 percent year-on-year, according to the latest figures from the Alataw Pass Customs.

Every day, border security and customs officials deal with large numbers of trains and trucks lined up at checkpoints to be insp上海乌托邦上海品茶

ected, heading to or coming from countries in Europe and Central Asia. Meanwhile, crude oil is constantly pumped to China from Kazakhstan via a network of subterranean pipelines.

Since it opened in 1991, the Alataw Pass land port has been famous for strong winds almost all-year-round and for being a strategic

entry point for energy products. Now, it’s famous for the China Railway Express, and as a trade hub for a range of goods, such as imported cars, agri

cultural products and alcohol,” said Di Yongjiang, Party chief of Alashankou, a city established in 2012 based around the land port.

Wang Chuanjie, head of the Alataw Pass Customs, said: “Since May 2017, the China Railway Express has become a stable and regular service. To provide a bette

r service, we have teamed up with the border security authorities to conduct joint inspections, cutting inspection

times by 30 minutes. The customs clearance time has also been accelerated to ensure the efficiency of the tra

in service. Now, trains only need to stop at the port for six to 10 hours, from 12 hours before.”

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the purpose of promoting international exchanges and cooperation, and achieving win-win results, the events and forums will

上海千花坊上海品茶promote national macroeconomic policies, discuss national development strategies including supply-side struc

tural reform strategy, innovation-driven development strategy and the Belt and Road Initiative.

The events will also discuss new issues such as comprehensively deepening reform an上海千花坊

d accelerating the establishment of an “open new economic system“, helping SMEs learn about economic trends, address t

ransformation and development problems and break reform and innovation bottleneck.上海千花坊

Additionally, the events will guide enterprises in, innovating, reforming and developing healthily, organizing and mobilizing

social forces to support SME development and practically serve enterprises, pay attention to the actual effects of e

上海千花坊上海品茶vents, and help SMEs achieve breakthroughs in innovation and develop markets in the aspects of technology, idea and management.

The 2017 CISMEF is themed on “Intelligence, Wisdom, Smart Manufacturing, Energy Conservation”, and hosted

by the Ministry of Industry and Information Technology of the PRC, the State Administration for Industry & Commerce, the People’s Government of Guangdon

g Province, the Department of Small Business Development of South Africa and the United Nations Industrial Development Organization.上海千花坊上海品茶

There will be 6,000 international standard booths, and a total exhibition area of 150,000 square meters. Interna

tional theme exhibitions and domestic theme exhibitions will be held at Poly World Trade Center Expo from Oct 10 to 13; Intelligent Manufacturing & “In

上海千花坊上海品茶ternet+” Exhibition, Intelligent Building and Smart Home Exhibition, and Energy Conservation Exhibition will be h

eld at the Guangdong Tanzhou International Convention and Exhibition Center from Oct 12 to 15 and from Oct 20 to 23.

www.hebeishengxin.cn

Kweichow Moutai Co Ltd, China’s iconic high-end spirit maker, saw its share price exceed 1,000上海会所

上海会所yuan ($145) per share during Thursday trading, making a historical breakthrough and becoming the

most expensive stock in the A-share market, aided by continuously growing demand and its good earnings.上海会所

上海会所Most investors are not surprised by the robust performance of Moutai. Earlier this year, many investment firms, incl

上海会所uding Goldman Sachs and China International Capital Corp Ltd, were bullish on the growth potential of the stock.

They set the target price of Moutai at more than 1,000 yuan per share, attri

buting it to China’s sustained supply-side reforms and consumption upgrade, which have boosted investor sentiment toward such consumer stocks.

上海会所Moutai, a distiller from Maotai town in southwestern China’s Guizhou province, has made substantial gains this year. On Jan 1, it

closed at 598.98 yuan per share. On Thursday, it closed at 996.35 yuan per share, and its share price has surged 66 per上海会所

cent so far this year. Its performance has been better than 90 percent of the A-share listed companies.上海会所品茶微信

Now, its market value stands at 1.24 trillion yuan. Previously, it became the first consumer st

ock with a market value exceeding 1 trillion yuan. Last year, the overall GDP of Guizhou province reached 1.4上海会所

上海会所品茶微信8 trillion yuan, meaning the market value of Moutai accounts for nearly 85 percent of provincial GDP.

Moutai became the first stock that exceeded 1,000 yuan per share after 27 years. More than tw

o decades ago, there was a stock-now named INESA Holding Group-which once exceeded 1,000 yuan pe

r share. The company has experienced multiple structural 上海会所品茶微信changes and now its market value is less than 10 billion yuan.

Other major上海会所 liquor makers are reporting solid sales and also saw outsta

nding performance during Thursday trading. They include Sichuan province-based W

uliangye Yibin Co Ltd and LuzhouLaojiao Group, which led the advance of the spirits and consumer sector.

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hina further cl上海419品茶微信arified taxable items among individual e

arnings, with 11 sources of income exempted from taxation, according to a policy anno

uncement issued by the Ministry of Finance and State Taxation Administration on Tuesday.

China’s newly revised individual income taxation law came into force this

year. Zhang Yiqun, an expert in finance and taxation, said the move has significantly scal

ed back tax burden for individuals, increased household’s earnings, and played a great part in stabilizing eco

nomy, stimulating consumption and perking up confidence, according to Securities Daily.

Nevertheless, various explanation and enforcement still exist

across the country, due to different understanding of the latest taxation law, Zhang added.

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President Xi Ji上海419品茶微信nping on Thursday met with Japanese Prime M

inister Shinzo Abe ahead of the G20 summit slated to take place in Osaka, Japan.

Xi also met with his South Korean counterpart Moon Jae-in earlie

r in the day on promoting win-win cooperation, multilateralism and free trade.

Xi arrived in Osaka on Thursday afternoon for the G20 summit at the invitation of Japanese Prime Minister Shinzo Abe.

Economic issues, other global concerns on agenda in Osaka

Every year, leaders of the world’s 20 largest economies gather to discuss econo

mic and financial matters and coordinate policies on other issues of global significance.

Jim O’Neill, chairman of Chatham House, a London-based international affairs think tank, said improved effici

ency might be put on the agenda of this year’s G20 Summit, which will be held in Osaka, Japan, on Friday and Saturday.

www.ash22.cn

 of the domestic i上海后花园品茶微信nvestment portfolio of qualified domestic institutional investors funds in China.

By the end of 2018, only 13 Chinese QDII funds had Japanese assets included, with a total market value of around 77 million yu

an ($11 million), according to market tracker Wind Info. This accounted for 9.93 percent of the net value of all funds.

Liu Junwei, senior analyst at Everbright Securities, said that the ETFs in Japan will help to diversify risks as there were limited

products currently targeting the Japanese market. With the moderate pickup of Japan’s economy and its cen

tral bank’s bulk investment, product performance can be predicted with certain stability.

Traffickers from major overseas drug-producing regions have stepp

ed up efforts to infiltrate China in recent years, a senior anti-drug official said.

Police have found illegal drugs from the Golden Triangle, Golden Crescent and some South American countries being smuggled into the country throug

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uty director of th上海乌托邦品茶微信e Institute of American and Oceania Studies of the Chin

ese Academy of International Trade and Economic Cooperation under the Ministry of Commerce.

“During consultations, negotiators need to take into consideration both parties’ core concerns, and respond to these concerns in a

n effective way. That is an essential condition for reaching consensus on the text of a deal,” Zhou said.

Chen Wenling, chief economist at the China Center for International Economic Exchanges, said trade talks need to be conduc

ted in the spirit of mutual respect and equality, and China will safeguard its core interests under any circumstances.

China and the US, embroiled in a trade dispute, have exchanged hefty tariffs of up to 25 percent on each other’s imports over the past several months.

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r career on Taob上海千花网品茶微信ao, China’s e-commerce giant, in 2015, a time when leather carving was rare in China. The products they deve

loped have gained rapid acceptance among buyers, who have placed a steadily growing number of orders.

While Bai has seen other products on the internet that imitate his works, he doesn’t mind. “At least I am leading the industry,” he said.

Taiwan ethnic Puyuma singer-songwriter Hu De-fu, better known as Ara Kimbo, will give a concert, enti

tled The Call of the Valley, in Beijing’s Tianqiao Performing Arts Center on August 2, featu

ring some of his best known songs, including In a Flash and Wind from the Pacific Ocean. The songs to be performed du

ring the concert will feature new arrangements and be combined with poems written by Taiwan poets.

The 70-year-old folk singer-songwriter is known as the “Father of Taiwan Folk Music”. He started his music career dur

ing the 1960s and released his debut album, entitled Sky High Mountain Blues, at 54, which became a top seller in Taiwan.

www.qinhuaili.cn

ates has change上海后花园品茶微信d China’s population growth trajectory. As a result, China’s natural population growth

rate dropped below 1 percent in 1998, declining further to 0.381 percent in 2018 from a high of 2 percent in the 195

0s and 1960s. China’s demographic turnaround has also had a major impact on world population growth. In the early 195

0s, one out of every five persons in the world was a Chinese as was one out of every four newborns. But the ratio of Chin

a’s population to the world total had dropped to 18.9 percent by 2015 while that of newborns to 8.2 percent.

Besides, the quality of China’s population, reflected mainly in people’s phys

ical constitution and educational qualification, has greatly improved. According to the World Health O

rganization, Chinese people’s average healthy life expectancy at birth was 68.7 years in 2016.

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