management, said they are seeing high levels of cash globally. But she also stressed that, alth ough it increases liquidity, cash may not necessarily be a safe strategy in the long run. Faced with many uncertainties, including downward pressure on China’s economy and escalating trade fricti on between China and the United States, 36 percent of the 465 Chinese high net worth ind ividuals – those with average personal wealth of at least 10 million yuan ($1.45 million) – polled by the Hurun Research In stitute said that the focus of their investment strategy will be to “avoid risks” this year, mainly by increasing assetRead More →

ment to the reindustrialization process, which could be viewed as a sort of financial Dutch disease-the apparent causal relationsh ip between the increase in the economic development of a specific sector and a decline in other sectors. The more heated the US stock market gets, the more serious the Dutch disease will become. And, ironically, the US leader is k een on strengthening the stock market to showcase his political and economic track record. Besides, the US administration cannot launch large-scale infrastructure construction projects, significantly red uce the trade deficit with China and deny Chinese investors access to its market all at the same time.Read More →

uppliers worldwide. In November, it unveiled a list of its 92 core suppliers for the first ti me. Thirty-three of them are from the US, including chip giants Qualcomm Inc and Intel Corp. Wang Yanhui, secretary-general of the Mobile China Alliance, said, “Huawei has also been pre paring for such a situation for some time and has hoarded chips to handle a worst-case scenario.” The company became the world’s third-largest buyer of semiconductors last year. China will definitely safeguard the legitimate rights and interests of its businesses, and Trump’s executive order is n ot a “constructive and friendly” gesture, Foreign Ministry spokesman Lu Kang saidRead More →

velopment of the region could play a vital part in leading regional growth, the statement said. It noted that the elevation of the integrated development of the Yangtze River Delta t o the status of a national strategy is a major decision adopted by the CPC Central Committee. Authorities in the four provincial areas must enhance their awareness of integrated development and boost their interaction and cooperation, it added. The meeting also decided to start a thematic education campaign of Party member s on the subject of remaining true to the Party’s original aspirations and keeping their mission firmly in mind. It called for strugglesRead More →

 she buys cosmetics, handbags and clothing from top brands through cross-border e-commer ce platforms every month. Sometimes, she drives for one to two hours to neighboring bigger cities, such a s Wuxi in Jiangsu, and Shanghai for shopping. She also plans two or three overseas trips every year. “I don’t have any housing or car loans, and don’t have to worry about daily costs, as I live with my parents. I usually spend all my sa lary on daily consumption and entertainment, which is quite common for people such as myself,” she said. Jason Yu, managing director of Kantar Worldpanel, said small-to wn youths lookRead More →

ion but still asks for compensation by resorting to litigation, I think such behavior may be an alleged fraud,” he said. The core of the problem lies in whether stock-image providers get authorization from copyright owners, he added. Zhao Zhanling, a legal researcher who specializes in intellectual p roperty cases at the China University of Political Science and Law, agreed, but said copyri ght owners and institutes given copyright authorization should respect this right and not abuse it for gain. He said stock-image companies need to make authorization a priority in their opera tions and pay more effort to finding a balance between commercial interestRead More →

untries can lead to the pooling of skills and expertise on tax collection. It can also strengthen natio nal tax rules in areas such as withholding tax, transfer pricing and dispute resolution to ensure that fair am ounts of taxes are collected, said Daniel Witt, president of the International Tax and Investment Center. “BRI countries should be careful not to create barriers to investment, an d the priority should be to look at practical solutions to remove complexities and co mpliance burdens on tax administrations and taxpayers,” Witt added. To serve the BRI, Liao Tizhong, director-general of the International Taxation Department, State Taxation Administration, saidRead More →

He told China Daily his company’s priority is to attract more peo ple, especially non-locals, to visit and boost sales, as local consumption has limited potent ial. The company is eyeing more business opportunities based on word-of-mouth among visitors, Long said. This “one-stop industrial tourism”, as Long calls it, has contrib uted more than 60 percent in total sales since his company started to feel out the market in 2005. Long witnessed the company transform from a State-owned enterprise to a market-orient ed limited company at the turn of century. By streamlining internal bodies and lifting the proportion of em ployees involved in production whileRead More →

old, has poor sperm motility and its genitals were damaged. Since it could not naturally impr egnate the female, experts had undertaken four insemination procedures since 2015. “It’s a disastrous loss for the protection of the species,” said Liu Nonglin, chief engineer of the Chinese Association of Zoolog ical Gardens. “The experts had researched former insemination surgeries, consulted colleagues and made the best surgery and rescue plan. The team even experimented on three male and two female large-sized Asian turtles usi ng the same surgical procedures. But the tragedy happened even though the surgery was well planned.” More than 1 meter in length and weighingRead More →

ly concentrated in first and second-tier cities. “JD has missed the good opportunity to expand its third-party logisti cs business, and there is little room for growth owing to the fierce competition in the segment.” In October, JD launched parcel delivery services for individuals in 17 cities including Beijing, Shanghai, Guangzhou and Shenzhen, and later extended it to 31 citie s. In order to use the service, customers would ask for a pickup through the firm’s app. Yang Daqing, a researcher at the China Society of Logistics, said such adjustm ent will bring about some negative effects in the short term, but if JD LogisticsRead More →