The policy, effective fr上海千花坊019 to the end of

 applies to nine cities in Guangdong — Guangzhou, Shenzhen, Zhu

上海千花坊品茶微信hai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing, the ministry said.

It said the move aimed to encourage the development of the Guangdong-Hong Kong-Macao Greater Bay Area.

The functions of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone will be op上海千花坊

timized and improved, according to the outline development plan for the Guangdong-Hong Kong-Macao Greater Bay Area.

上海千花坊品茶微信Strengthening the role of Qianhai as an engine of cooperation and development. More policies will be added and imple

mented to further expand the development space of Qianhai. The zone will also interconnect with Hong Kong’s build上海千花坊

ing of an open and innovative industrial system to leap towards the high end of the global value chain.

Financial openness and innovation will be promoted: the offshore account (OSA) function will be dev上海千花坊品茶微信

上海千花坊eloped, the free trade account (FTA) system of Shanghai Pilot Free Trade Zone will be learned, and mo

re effective ways will be explored for capital account convertibility. A commodity trading platform will be built at Qia

nhai Mercantile Exchange and more new models to serve the real economy will be explored.上海千花坊品茶微信

Consisting of the Hong Kong and Macao special administrative regions and the nine cities i

上海千花坊n Guangdong, the area covers 56,000 square km. It had a combined population of about 70 million at the end of

2017.Based on the existing solid cooperation foundation, the Guangdong-Hong Kong-Macao cooperation platform will

make full use of existing major cooperation platforms including Qianhai of Shenzhen, Nansha of Guangzhou, and Heng上海千花坊

qin of Zhuhai to explore a new model for coordinated development. It will increase the pragmatic cooperation betwee

上海千花坊品茶微信n the nine cities involved in the Pearl River Delta, Hong Kong, and Macao, by promoting exchanges of person

nel, materials, capital, and information. The cooperation platform will in

ject a new impetus for Guangdong-Hong Kong-Macao development and play an exem上海千花坊品茶微信

plary role in the close cooperation among Chinese mainland, Hong Kong, and Macao.

fqyp.org

acao to set up devel上海千花坊 invest in Greater Bay

The government of China’s Macao Special Administrative Region (SAR) plans t

o set up an investment and development fund to support the development of the Gua上海千花坊

ngdong-Hong Kong-Macao Greater Bay Area, the SAR’s chief executive Chui Sai On has said.

上海千花坊女神会所During a question-and-answer session at the SAR Legislative Assembly Th

ursday, Chui told Macao’s legislative members that there were about 49 projects relating to M

acao’s participation in the Greater Bay Area set out in the outline development plan for the Greater Bay Area.

He said Macao’s basic fiscal reserves and surplus reserves amounted to 569.54 billion patacas (about 70.49 billion U.S. doll上海千花坊女神会所

ars), while there was 163.25 billion patacas (about 20.20 billion U.S. dollars) in foreign exchange reserves at the be

inning of 2019, and the government had the financial capability to establish such a fund.

上海千花坊The fund would be set up in the second half of 2019, and would be manag

ed by a government-owned entity operating independently of the current structure of pub

lic administration. It would be run in accordance with market-led and commercial principles, he added.上海千花坊女神会所

The chief executive said it was not only a way for improving returns on publicly-held capital and for the benefit of public fu

上海千花坊nds, but also for realizing policy goals mentioned in the Greater Bay Area outline development plan.

The Greater Bay Area consists of the Hong Kong SAR, the Macao SAR, as well as nine cities in Guangdong上海千花坊

Province — Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing.

上海千花坊女神会所China’s Ministry of Finance (MOF) Saturday announced a favorable tax pol

icy for overseas talent working in the Guangdong-Hong Kong-Macao Greater Bay Area.

Based on the individual income tax differentials between the Chinese mainland and Hong Kong, overseas high-end t上海千花坊

alent and professionals in short supply that work in the Greater Bay Area will get sub

sidies from Guangdong Province and Shenzhen Municipality to offset the differentials, according to the MOF.上海千花坊女神会所

The subsidies will be exempt from paying individual income tax.

www.fqyp.org

The State Council releas上海龙凤419eline on Tuesday for

 building a credit-based market regulation system. The bankruptcy mechanis

上海龙凤419品茶微信m is one part of the whole system. Besides local government, individuals and enterprises will also be regulated.

Companies with bad credit records will receive serious punishment, said Lian Weiliang, deputy head of the National Develo上海龙凤419

pment and Reform Commission. “For the worst scenario, the companies could be prohibited from the market.”

The measures for rating companies’ credit are being drafted, and market-oriented third-part上海龙凤419品茶微信

y institutions and industry associations will be involved in the rating process, according to Lian.

上海龙凤419According to the State Council’s guideline, individuals’ and co

mpanies’ credit performance will be recorded in a timely, accurate and comprehensive ma

nner, while targeted regulatory measures will be taken on market entities with different credit levels.上海龙凤419品茶微信

Credit defaulters will be held accountable in line with specific

regulations and laws and urged to rectify their irregular practices, it said.

上海龙凤419More efforts will be made to enhance credit regulation information disclosure and impro

ve regulatory efficiency by leveraging big data and other technologies, according to the guideline.上海龙凤419

The People’s Bank of China, the country’s central bank, is also buildin

上海龙凤419品茶微信g the country’s nationwide credit information system, which is composed of a national fin

ancial credit information database and market-oriented credit information institutions.上海龙凤419

By the end of August, the national database included information on 25.42 m

illion companies and 970 million individuals, becoming the world’s largest.上海龙凤419品茶微信

Including internet finance and peer-to-peer lending information in the national sys

tem is the next step in the top financial regulators’plan. The system will also in上海龙凤419

clude data from securities and insurance companies in the future, Wan said at an earlier conference.

“Information leakage and hacking could potentially be major threats to the credit information sy上海龙凤419品茶微信

stem’s security,” he said. “So far, the system is generally stable, and has not displayed any serious leakage risks.”

www.xujiaqing.net.cn

That all four have be上海贵族宝贝 to head their respective

e institutions suggests the EU leaders have agreed to a compromise. T

上海贵族宝贝his became apparent when the candidatures of Manfred Weber of the European Pe

ople’s Party (a group of Christian democratic and liberal-conservative parties), and Frans Timmermans of the P

rogressive Alliance of Socialists and Democrats were both rejected by some EU member states.上海贵族宝贝品茶微信

The European Council nominates the new European Commission presid

上海贵族宝贝ent, who then has to win an absolute majority of votes in the European Parliament to be ele

cted to the post. In order to strengthen democracy and transparency, the EU adop

ted a le上海贵族宝贝ad-candidate-or Spitzenkandidaten-system in 2014, according to which the European Council has

上海贵族宝贝品茶微信to nominate a candidate from the largest group in the new EP to head the commission. Which means the system is des

igned to ensure a candidate from the largest group in the EP would lead the commission.

The fact that von der Leyen’s candidacy was proposed by French Presid上海贵族宝贝品茶微信

ent Emmanuel Macron reflects the strong bond between France and Germany. W

上海贵族宝贝hile German Chancellor Angela Merkel abstained from the vote on the commission president to avoid any con

flict of interest, countries such as Hungary and Poland supported von der Leyen because Weber and Timmermans h上海贵族宝贝品茶微信

ave made things difficult for the countries by giving negative assessments about them.

Still, the Spitzenkandidaten system is rather weak, because member state上海贵族宝贝

s are still reluctant to transfer much power to the EU institutions. In particular, the n

omination of von der Leyen has broken the institutional balance between the Europ上海贵族宝贝品茶微信

ean Parliament and European Council, with the member states continuing to accumulate more power.

上海贵族宝贝Von der Leyen’s nomination steered clear of the Spitzenkandidaten proc

ess, and she needed the support of different groups to be elected. Notably, outgoing Eu

ropean Council President Donald Tusk called on the Group of Greens and the Euro上海贵族宝贝品茶微信

pean Free Alliance to support von der Leyen, as it has won 74 seats and become the fourth-largest group in the EP.

上海贵族宝贝品茶微信As for von der Leyen’s policy focus, it is apparent she would intensify European security cooperation and military construc

tion, as well as try to consolidate the union in order to increase the EU’s influence in the international arena.

yt178.cn

Shanghai’s three later-上海千花坊advantagesAfter en

ntering a new era, Shanghai encountered unprecedented opportunities

上海千花坊in domestic garbage treatment, reflected in three later-developing advantages.

(1) Shanghai has the advantage of “overtaking in bends”

上海千花坊女神会所Four first-tier cities across the world established modern garbage classification systems about 50 years ago.

These systems were first carried out from the perspective of the circular economy. Shangh

ai, as a catcher, started to classify and recycle municipal garbage through comprehensive integration.上海千花坊

Today garbage in Shanghai is classified into four categories: harmful; recyclable; organic; and other.

上海千花坊女神会所This integrates waste recycling, composting, incineration and landfills, and has the advantage of overtaking in be

nds. Shanghai for example provides a fixed subsidy for the construction of wet garbage resource facilities.

(2) Shanghai has the advantage of “backward force”上海千花坊女神会所

Shanghai’s waste treatment sets the maximum capacity of landfill and incineration fa

上海千花坊cilities, reverses the front-end classification collection and resource utilization, and reduces quantity at the source.

The city encourages classification by disposing

of organic garbage for free and calculating the cost of other garbage disposal.上海千花坊女神会所

Shanghai also promotes quality control and both rewards and

上海千花坊punishes district treatment facilities through its garbage treatment fee system.

(3) Shanghai has the advantage of “governance orientation”上海千花坊女神会所

Shanghai residents participate in making waste classification a bottom-up action.

Enterprises strengthen market-oriented changes and fulfill their corporate social responsibility.

yeaste.cc

It goes without saying上海会所it of both signatories

s from the treaty makes the future of other such nuclear agreements uncertain. To begin with, the stability of the

world order and international security could be undermined. The ruse to scrap the INF Treaty is the上海会所

US’ latest one in a series moves to nullify many international agreements and organizations since the incumbent US di

上海会所品茶微信spensation assumed office in January 2017. The US’ unilateral withdrawal from a number of multilateral agreements and mech

anisms, most of which were created due to its own efforts, has put the world order based on rules under extreme pressure.

Besides, the conflict between the US and Russia is preventing them from improving bilatera上海会所品茶微信

l relations. The actions of the US and Russia have further worsened their relations following their fac

上海会所e-off over the Ukraine crisis and the Syrian civil war, and led to multiple large-scale military exercises by both side

s in the Baltic Sea and the Black Sea in an apparent show of strength. Their withdrawal from the INF Treaty means the

ir tactical conflict has deteriorated into a strategic conflict, which has further jeopardized bilateral relations.上海会所

Worse, the two countries’ moves could abort the international disarma

ment process, because with the annulment of the INF Treaty, the US and Russia could develo

上海会所品茶微信p new intermediate-and short-range missiles without constraints, which in turn could trigger a new global arms race.

Also, the US’ withdrawal from the INF Treaty could set off a chain reaction, as it is almost certain that Washington will now d

eploy intermediate-range missiles in Europe and the Asia-Pacific region, heightening regional tensions and fu上海会所品茶微信

elling an arms race and geopolitical competition among major powers. The new arms race, which could prompt ma

jor powers to build new types of smart weapons, would pose a severe threat to international peace and security.

What is especially surprising is that some Western observers want to dra上海会所品茶微信

g China into the discussions on certain international issues regardless of wh

上海会所ether it is a party to such issues. Regarding the INF Treaty, which has played an important role in improving int

ernational relations, promoting nuclear disarmament, even safeguarding global strategic balance and stability, and ther

efore remains very much relevant and significant even today, China has made clear that it is opposed to not only上海会所 品茶微信

the US’ unilateral withdrawal from the treaty but also the West’s efforts to make it part of a new nuclear treaty.

www.yeaste.cc

That all four have be上海乌托邦head their respective in

e institutions suggests the EU leaders have agreed to a compromise. This became appa

rent when the candidatures of Manfred Weber of the European People’s Party (a gr上海乌托邦品茶微信

上海乌托邦oup of Christian democratic and liberal-conservative parties), and Frans Timmermans of the Prog

ressive Alliance of Socialists and Democrats were both rejected by some EU member states.

The European Council nominates the new European Commission president, who then has to win an absolute majority of vot上海乌托邦

es in the European Parliament to be elected to the post. In order to strengthen democracy and transparency, the EU ad

opted a lead-candidate-or Spitzenkandidaten-system in 2014, according to which the European Council has

上海乌托邦品茶微信to nominate a candidate from the largest group in the new EP to head the commission. Which means the system is desig

ned to ensure a candidate from the largest group in the EP would lead the commission.

The fact that von der Leyen’s candidacy was proposed by French Presid上海乌托邦

上海乌托邦ent Emmanuel Macron reflects the strong bond between France and Germany. Wh

ile German Chancellor Angela Merkel abstained from the vote on the commission president to avoid any con

flict of interest, countries such as Hungary and Poland supported von der Leyen because Weber and Timmermans hav上海乌托邦品茶微信

e made things difficult for the countries by giving negative assessments about them.

Still, the Spitzenkandidaten system is rather weak, because member states are still reluctant to transfer much power to the EU

上海乌托邦品茶微信institutions. In particular, the nomination of von der Leyen has broken the institutional balance between the Euro

pean Parliament and European Council, with the member states continuing to accumulate more power.

Von der Leyen’s nomination steered clear of the Spitzenkandidaten process,上海乌托邦

and she needed the support of different groups to be elected. Notably, outgoing Eur

opean Council President Donald Tusk called on the Group of Greens and the European Free Alliance to上海乌托邦品茶微信

support von der Leyen, as it has won 74 seats and become the fourth-largest group in the EP.

leoville-barton.cn

Constitutional revision 上海419论坛for Abeime Minister S

The election to Japan’s upper house on Sunday has acquired added significance because the result would be critical to the ruli

 上海419论坛ng Liberal Democratic Party’s attempts to amend the country’s pacifist Constitution.

Constitutional amendment, the amendment to Article 9 in particular, has been a controversial 上海419论坛

issue in Japan since the end of World War II. Article 9 renounces war, and notes that the proh

 上海419论坛品茶微信ibition on the use of force by Japan is a clear constitutional rule that the Japanese government has to follow. It also

prohibits the maintenance of armed forces and denies Japan the right of “belligerency”. 上海419论坛

And it is precisely to change Article 9-which would allow Japan to have a regular military and be

come a normal country-that Japanese Prime Minister Shinzo Abe has made constitutional amendment his goal. 上海419论坛

But Abe should realize that amending the Constitution is no small feat beca

 上海419论坛品茶微信use for that, the ruling coalition of the LDP and Komeito has to have a two-thirds ma

jority in both houses of parliament, and then win an absolute majority of votes in a ref

erendum. Several attempts have been made to amend the Constitution, but none has been successful. 上海419论坛

Abe should also know that the ruling LDP’s coalition

 上海419论坛品茶微信artner Komeito is a conservative party which is skeptical about amending Article 9.

Differences among political parties, even within o

ne party, have made it almost impossible for the LDP to amend the Constitution. 上海419论坛

For example, there are diverse voices on constitutional amendment within the Abe-led LDP. While some support rev

ising the pacifist Constitution to allow Japan to have a regular military, others say the Japa 上海419论坛品茶微信

n Self-Defense Forces, which has constitutional sanction, should be strengthened to the level of a full-fledged military.

 上海419论坛品茶微信The LDP and Nippon Ishin no Kai are in favor of a constitutional amendment. But the Constitutional Democratic Party of J

apan, Democratic Party for the People, and the Japanese Communist Party strongly oppose the idea.

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After more than 上海419′ work, Shanghai can take the

d in incorporating garbage classification into the rule of law.

 上海419品茶微信The regulations for example say that people can be fined up to 2,00

0 yuan for mixed garbage and 50,000 yuan for mixed transportation by units.

The regulations also hold that disposable cups and utensils cannot be used in the Shanghai Party internal office and  上海419government organs.

Hotels will no longer provide disposable household necessities or they’ll

 上海419品茶微信be fined at least 500 yuan and less than 5,000 yuan. Caterers cannot provide disposable tab

leware – if they do and fail to make corrections within a time limit, they will be fined the same amount. 上海419

Editor’s note: Japan has restricted the exports of three highly specialized products needed to make sem

 上海419品茶微信iconductors, smartphones and computers to the Republic of Korea, which could seriously hurt ROK enter

prises such as electronics giants Samsung and SK Hynix. At a meeting of the Council on Trade in Goods of the Wo

rld Trade Organization last week, the ROK criticized Japan’s move, saying it’s unjustified. What will be the impact of the Tokyo-Seoul spat on the regional eco

nomy and stability? Two experts share their views on the issue with China Daily’s Liu Jianna. Excerpts follow: 上海419品茶微信

Tokyo vents anger against ROK moves

 上海419Japan has restricted the exports of the three products to the ROK mainly to vent its anger agai

nst the ROK Supreme Court’s ruling last year that Japanese companies must compensate Koreans forced

to work in mines and factories and as “comfort women” before and during World War II, ROK President Moon Jae-in’s 上海419品茶微信

hard-line policy toward Tokyo, and the two countries’ conflicting policies on the Korean Peninsula nuclear issue.

Besides, Japanese Prime Minister Shinzo Abe wants to portray himself as

 上海419a strong leader who brooks no nonsense so his ruling Liberal Democratic Party, along with

its coalition partner Komeito, can win two-thirds of the seats in the upper house election on Sunday. To some exte

nt, Japan also intends to show the United States that it will respond aggressively to any moves it considers harm 上海419品茶微信

ful to the country, so that the US stops coercing Japan to compromise its economic interests.

The author is Shanghai Academy research fellow Center for China and Glob

alization(CCG) invited researcher. The views don’t necessarily reflect those of China Daily.

www.87877777.com

That said, the implication上海千花坊ital flows from the re

he re-weightings and consequent portfolio rebalancing should not be viewed in isolation. In particular, the inve

上海千花坊女神会所stment index changes will be phased in over many months, which will allow investor

s to gradually and smoothly re-allocate their investments, thus mitigating the impact on volatility; and the c上海千花坊

ontinuing inflows of new AUM across constituent markets, which should help to further smooth capital flows.

上海千花坊女神会所The author is a financial sector specialist with the ASEAN+3 Macroeconomic Resear

ch Office (AMRO), a regional macroeconomic surveillance organization. This is an excerpt from the organ

ization’s latest report. The views don’t necessarily represent those of AMRO or China Daily.上海千花坊

In an international conference on religious freedom he hosted in Washington

上海千花坊女神会所from Tuesday to Thursday, US Secretary of State Mike Pompeo again showed how freely his tongue can wag in an ef

fort to portray the United States as a beacon of freedom in a world that he painted as pitch-black.

Alleging that “83 percent of the world’s population live in countries where religious freedom is either threatened or deni上海千花坊

ed entirely”, the evangelical Christian even helpfully proffered a list of those countries he considers culpable.

上海千花坊女神会所Not surprisingly, given his past lambastings of it, China came in for a tongue-lash

ing with Pompeo asserting it is “home to one of the worst human rights crises of our time”.

This is not the first time he has pointed an accusing finger at China’s policies in the Xinjiang Uygur autonomous region. Bu上海千花坊

t this time he took his rhetoric up a notch describing it as “the stain of the century”.

上海千花坊女神会所He might want to look closer to home for that, as the detention centers on the US southe

rn border are more fitting of that description, having been described by some as “concentration camps”.

Even the US president has admitted, “they’re very crowded, in many cases”. 上海千花坊

But Pompeo carefully avoided overstretching his tongue when presenting h

is examples of China’s human rights abuses. He failed to mention that the many illegal religions and s上海千花坊女神会所

ocial organizations in China and elsewhere in the world are funded by his government for its own political purpos

上海千花坊女神会所es; and that many separatist organizations are on the payroll of Washington under the name of freedom fighters.

guapogang.cn