frequently than the stick. Though it used a lighter touch in administ
ration after World War II — and this approa
ch had limits; see above — Britain never went so fa上海会所品茶微信 r as to risk its own position. Indeed, when push came to shove the cudgel was still happily relied upon; discontent in t
and ’60s was smothered with a force today’s protesters couldn’t begin to imagine. Police, after all, did nothing to stop the Legislative Council from being
ransacked and defaced with the colonial flag early
last month — compare that treatment wi th the hundreds killed in protests under British rule. What’s more, even limited improvements in governance w上海会所品茶微信
ere done cynically, as a means of pacifyin
g a restive population. “Democratic” reforms were never se riously pursued until negotiations began between Britain and China for the restoration of Chinese sovereignty. Su
rely we can put two and two together and see this as more than mere coincidence.上海会所
But for some, this strategy worked. With a few token concessions — none of which compare to the rights the po
pulation now enjoys — certain segments were won over to the idea of living as colonial subjects. Thi
s led to a sort of Stockholm Syndrome, where despite being occupiers the British were looked upon more fav上海会所品茶微信
orably as time passed. Sovereignty and self-determination were sacrificed at the altar of getti
ng ahead in a notoriously unequal system, where class divisions only grew more and more pronounced.上海会所
Long-standing inequalities with deep roots in the colonial period are now blamed by nostalgics on post-handover adm
inistration, and this misplaced blame is amplified by bad actors with an axe to grind. Thes上海会所品茶微信
e contradictions won’t be resolved so long as outside forces attempt to interfere, and th
ere certainly won’t be any progress if the city’s past is viewed through rose-colored glasses.
Major stock and bond index providers have started, or have announced that they inten
上海会所d, to increase the weighting of China’s securitie
s in their respective benchmark indexes over the course of 2019-20. Global index provider MSCI Inc. announced in February that China’s coverage in the MSCI上海会所品茶微信
Emerging Market Index will increase from its
coverage of 235 large-capitalization A-shares to 253 la 上海会所rge-and 168 mid-capitalization stocks. On a pro forma basis, A-shares will constitute 3.3 percent－a significant inc
rease from the current 0.7 percent－of the MS
CI-EM Index when the process is completed in November. The FTSE Russell, the first international index provider of the Chinese mainland’s benchmarks 20 years ago, has elevated Chi上海会所
na’s A-shares to emerging market status and start
ed adding them to the FTSEEM Index from June 24, 2019. Upon f 上海会所品茶微信ull implementation of phase 1 by March 2020, the A-shares will make up 5.7 percent of the index.
And the Bloomberg Barclays Global Aggregate Bond (GAB) Index started the process of including China’s yuan-den上海会所
ominated government and policy bank bonds as a constituent on April 1. Other index providers, such as the FTSE R
ussell and JPMorgan, are reportedly also considering adding China’s debt to their indices.上海会所品茶微信
The MSCI, FTSE Russell and Bloomberg Barclays GAB indexes cover a
sizable share of the investible markets in the world. For example, the MSCI-EM alone is tr
上海会所acked by an estimated $1.9 trillion in assets under management (AUM) from pensions, endowments, passive funds, and
other investors. And the re-weighting of these major global investment indexes is expected to result in a re-allocation of capit
al across emerging markets. As a result, China’s asset market will inevitably become more important for glo上海会所
bal investors, notwithstanding the “noise” created by the ongoing US-China trade tension.
上海会所品茶微信Welcome shift for Chinese firms and global investors An increased weighting for China’s securities in these indexes in the MSCI would me
an a larger allocation of AUM by foreign fund managers into the Chinese markets. While this shift would b上海会所品茶微信
e a welcome development for both Chinese enterprises seeking financing and global i
nvestors searching for emerging opportunities, it potentially represents bad news for other emerging markets.
weightings and consequent portfolio rebalancing should
not be v
iewed in isolation. In particular, the investment index chan上海会所品茶微信 ges will be phased in over many months, which will allow investors to gradually and smoothly re-allocate th
ents, thus mitigating the impact on volatility; and the continuing inflow s of new AUM across constituent markets, which should help to further smooth capital flows.上海会所品茶微信
The author is a financial sector specialist with the
ASEAN+3 Macroeconomic Research Office (AMRO), a regional m上海会所 acroeconomic surveillance organization. This is an excerpt from the organ
latest report. The views don’t necessarily represent those of AMRO or China Daily.上海会所 Multiple local governments including those of Handan in Hebei province, Jinan in Shand
上海会所品茶微信ong province, and Tianjin have banned the so-called Beijing Bikini－which refers to men who roll up their sh
irts or T-shirts to expose their bellies in public places in summer. Aimed at promoting civilized behavior, the ban is a tim
ely move as the “Beijing Bikini” is considered offensive, especially by women.上海会所
Yet the good intentions of the local governments cons
上海会所titute only the first step toward promoting civilized behavior, par
ticularly in public places. So the authorities should consider all possible options
and devise an appropriate plan to ensure the ban on Beijing Bikini is actually implemented.上海会所品茶微信
In this regard, Handan’s move offers some food for thought, as civic inspectors in Hanshan district gift a T-shirt to men in B上海会所
eijing Bikini to cover themselves up. This method of correcting uncivilized behavior in a c
ivilized way reflects proper social management and sends a goodwill signal to the people in general.
上海会所品茶微信However, it is necessary to make certain facts clear, and adopt the most appropriate m
ethods to deal with the issue. For instance, men in Beijing Bikini cannot be held guilty of committing an of
fense. At most, their behavior may be deemed uncivilized. In sociological terms, the
act of a man wearing nothing above the waist could be defined as minor transgression.
a century ago, with the idea revived after the foundation of the People’s Re
public of China in 1949, but various hurdles
prevented it from progressing. Trains fina上海会所 lly began running on the first section of the line to open, from Chengdu to Ya’an in Sichuan province, in December.
d section of the line, between Ya’an and Nyingchi, will be one of the world’s most challenging railway projects because it winds through the Sichuan Ba
sin, Yunnan-Guizhou Plateau and Qinghai
-Tibet Plateau, climbing from 600 meters above sea level to nearly 4,5上海会所 00 meters, according to Zhao Jian, a professor of rail transportation at Beijing Jiaotong University.
“It will go
through complicated geological conditions fraught with avala nches, landslides, earthquakes, heat, karst caves and underground streams,” he said.上海会所
At its annual work conference in January, national railway
上海会所品茶微信operator China State Railway Group, which was then called China Railway Corp, said it would co
mplete the feasibility study for the Ya’an-Nyingchi section by June and finish preparations for construction by th
e end of September. The group is also in charge of national railway planning and construction.上海会所
Things seem to have been progressing rapidly in the past month. People’s Railway Dail
y, which is sponsored by the group, reported that the company reviewed the feasibility study for the Ya上海会所品茶微信
‘an-Nyingchi section on June 4 and reached a consensus that would be passed on.
On June 17, Peng Qinghua, Party secretary of Sichuan, said at a news confere
上海会所nce that construction of the Ya’an-Nyingchi section, spanning about 1,000 km, would begin soon.
“Bridges and tunnels will cover over 90 percent of the line, which mea
ns there will be nearly 800 km of tunnels and more than 100 km of bridges,” he said.上海会所品茶微信
The next day, when China State Railway Group announced its name change, finalizing its restructuring, it was disc
losed that a new office had been established to lead the Sichuan-Tibet railway project. A new company, Sic上海会所
huan-Tibet Railway, was also added to the existing 18 railway bureaus and companies controlled by the group.
On June 26, various government departments in Sichuan discu上海会所品茶微信
ssed the route selected for the Ya’an-Nyingchi section in the province and reached a conse
nsus on the proposed route, according to the website of Sichuan’s Department of Natural Resources.
The United States seems intent on playing the dangerous “Taiwan card” again by allowing Taiwan leader Tsai Ing-wen to stop over in the US on her way to “v
上海会所isit” some Caribbean countries this month. The US has already made a series of moves,
especially the passing of the Ta iwan Assurance Act by the House of Representatives, which has raised tensions across the Taiwan Straits.上海会所品茶微信
As part of its Indo-Pacific strategy, the US has been
trying to woo Japan, Australia and India to form a “ quadrilateral alliance”－known as Quad－aimed at containing China. But as the US pres上海会所
ident’s “America first” agenda is in defiance
of the norms followed by the international community, including US all 上海会所品茶微信ies, and considering its huge economic exchanges with China, India is reluctant to side w
ith the US in order to avoid of fending any party and ending up as a victim of the conflict between the world’s two largest economies.
And since Japan is also reluctant to blindly toe the US line, Washington is using the上海会所品茶微信
“Taiwan card” to bolster its Indo-Pacific strategy and strengthen its presence in the Asia-Pacific region.
By following their foreign masters’ guideline, the island’s politicia上海会所
ns such as Tsai create enough space for the US to play the “Taiwan card”. In fact, thanks to th
e covert support of some Taiwan politicians, the US has intensified its strategic activities－for instance, na上海会所品茶微信
vigating its warships through the Straits five times in the past five months, a frequency too high even by US “s
tandards”－in the Asia-Pacific region. Besides, the US has continued selling arms to the island.
By passing acts and resolutions indicating that the US’ relations with the island’s administration are strong not on
ly in political but also military fields, Washington is trying Beijing’s patience on the Taiwan question.
Worse, the US Congress has attempted to use Taiwan as a means to win brown
ie points in its conflict with the mainland by passing a number of acts related to the isl
and including the Taiwan Assurance Act, Taiwan Travel Act and the Asia Reassurance Initiative Act of 2018.
osed by new economic scenarios.The summit is organized by the Ministry of Industry and Information Technology, the St
上海会所上海品茶ate Administration for Industry and Comm
erce as well as Guangdong provincial government. An Asia-Europe seminar on SME Financing will kick off on Oct 11Focusing on fundin
g SMEs, it aims to bring light to the strains
caused by the difficulties of raising capital.上海会所 Organizers will invite 300 government officials, experts and financi
al institution insiders from 53 members of the Asia Europe Meeting to the seminar.
They will bring up their successful cases, to clarify the new service models for financing SMEs.
They will look at broader ways to attract investment and the need to improve the financing environment.
The Guangzhou Initiative, a framework to suppo
rt the financing development of SMEs in Asia and Europe, will be delivered at the event. 上海会所”This seminar is a solid response to Premier Li Keqiang’s address at the 11th Asia-Europe Meeting in Mongolia,” said He Zuoxi
an, deputy director-general of the SME Bureau of Guangdong at a media briefing before the event.上海会所上海品茶
“It will make a positive contribution to strengthening economic ties and the financi
ng cooperation system among Asian and European countries.” ‘Globally important’ fair shaping future course of SMEs at home and abroad
The Information Application Promotion for SMEs and the Information Forum will teach the companies how to embrace big data and the internet.上海会所上海品茶
Business insiders and researchers will expound their views on the advantages of cloud computing, big data, the mobile internet and other information technology, and popularizing their application in the manufacturing sector.
To wield greater influence in the international community, the event’s organizin上海会所上海品茶
g committee will also arrange a series of matchmaking events for Chinese and overseas SMEs.
China friendship上海会所品茶微信 said, adding that he and Xi had an in-depth exchange of views and reached important consensuses.
Following the banquet, Xi and Peng, accompa
nied by Kim and Ri, watched a large gr oup performance featuring calisthenics and artistic displays at the May Day Stadium.
police, together with their counterparts in Myanmar, Cambodia, Laos, Vietna m and Thailand, cracked human trafficking and marriage fraud cases involving
more than 1,100 foreign w omen who were sold to buyers in China, the Ministry of Public Security announced on Friday.
Authorities also arrested 1,332 suspects in the ca
ses, which were part of a special campaign last year. Most of the women were abducted or tricked into going to China and then forced to marry local men or offer sex services, officials said.