The central bank annou上海千花网sures to reform the

e interest rate regime on Saturday. It decided to use the loan prime rate (LPR), the price of loans banks offer to their best cli

ents, as a new reference for bank loans, instead of the existing one-year benchmark lending rate.上海千花网

The new LPR was reported for the first time on Tuesday at 4.25 percent for one-year loans, low

上海千花网女神会所er than the 4.35 percent one-year benchmark lending rate which has been unchanged since August 2015. The LP

R for five-year loans was at 4.85 percent, according to the National Interbank Funding Center.

Many analysts have seen the new measure as an alternativ上海千花网女神会所

e way of cutting overall interest rates. In response, central bank officials said the reform itself

cannot replace the monetary policy or other policies, but it can improve the effectiveness of monetary policy.

Sun Guofeng, head of the central bank’s Monetary Policy Department, said the market-oriented inte上海千花网女神会所

rest rate reform will not have a direct impact on the renminbi exchange rate. “The market rates are directly

上海千花网related to the exchange rate, but this reform is not involved with changes of market rates.”

He said the current interest rate spread between China and the United States “is within a comfortable zone”.

While many developed countries use monetary easing to spur econ上海千花网女神会所

omic growth, China is the only country among major economies to retain a normal mone

上海千花网tary policy, and the valuation of yuan-denominated assets is still at a relatively lower level. All of these factors can hel

p to maintain the renminbi exchange rate at a stable and adaptive level, Sun added.

Even under the new scheme, the interest rate level for mortgage loans will not decline, as the government will not ease the rea上海千花网女神会所

l estate control policy nor use real estate as a tool to stimulate short-term economic growth, said

Liu, who disclosed that the interest rate policy for personal mortgages will be revealed in several days.

www.ltdlc.cn

Facing external uncert 上海千花坊a has been unswe

rvingly opening to the outside world to increase its resilience to risks

and shoulder its responsibility as a major country,” said Wang Xiaosong, a researc 上海千花坊

h fellow with the National Academy of Development and Strategy under Renmin University of China.

 上海千花坊Covestro, a global chemicals giant that has been in China for nearly 20 years, is plannin

g to upgrade its China headquarters in Shanghai to its Asia-Pacific headquarters.

Holly Lei, president of Covestro China, said after the move, the 上海千花坊

company could better coordinate global resources to grow together with China.

 上海千花坊China is Covestro’s biggest single market and Shanghai is hom

e to its largest plant while housing its Asia-Pacific innovation center, said Lei.

Covestro is not alone in terms of expanding its business ambitions in the world’s second-largest economy. 上海千花坊

French carmaker PSA Peugeot Citroen plans to set up a regional procurement center in Sha

nghai. German chemicals giant BASF has increased investment to upgrade its innovation center in Shan

ghai after investing in a $10 billion production facility in Zhanjiang. The city is also home 上海千花坊女神会所

to Tesla’s gigafactory, which is under construction with an investment of over 50 billion yuan ($7.1 billion).

Investments from the European Union, Singapore, Japan and countries included in t 上海千花坊

he Belt and Road Initiative all grew at double-digit rates in the first half and the investm

ent structure is being optimized, said Hua Yuan, director of the municipal commission of commerce.

The high-tech service industry reported an actual use of foreign investment of $1.7 bil 上海千花坊女神会所

lion in the first six months, posting a hefty annual growth of 29.6 percent, said Hua.

A series of opening-up measures in multiple fields and industries and the impro

ving business environment has ramped up foreign investment interests in China.

nyavov.cn

iyi continues membe上海乌托邦h despite challenges

Chinese on-demand video streaming platform iQiyi Inc reported a 15 percent year-on-year increase in revenu

e in the second quarter of 2019, continuing to see strong growth in its paid membership.上海乌托邦女神会所

Unaudited results show the company’s second-quarter revenue reached 7.1 billion yuan ($1 billion). The report also n

oted iQiyi’s net loss expanded to 2.3 billion yuan from 2.1 billion during the same period in 2018.上海乌托邦

Membership services mainly drove the company’s revenue. The company attributed this to its premium content — es

上海乌托邦女神会所pecially original programming — as well as various operational initiatives during the quarter.

For the second quarter, iQiyi’s membership revenue grew 38 percent year-over-year to 3.4 billio

n yuan, in line with the 50 percent growth it posted as its member rolls jumped to 100.5 million from上海乌托邦

67.1 million during the same period last year. Among overall subscribers, 98.9 percent are paid.

“We achieved continued revenue growth in the second quarter despite some rec

ent challenges facing our industry,” said Wang Xiaodong, chief financial officer上海乌托邦

of iQiyi. “Our membership business generated solid growth, with subscription revenues increasing 38 per

cent year-over-year, driven by our strong content slate during the quarter. As our IP-centered diversification strateg上海乌托邦女神会所

y grows to scale, we are constantly expanding the scope of our value-added services and pursuing better mon

etization. We believe our long-term growth landscape remains intact, and we will conti上海乌托邦

nue to invest in our original content and technology which serve as the dual engines to drive future growth.”

Online advertising service revenue was 2.2 billion yuan in the second quarter, down 16 percent ye上海乌托邦女神会所

ar-on-year mainly due to the challenging macroeconomic environment in China, content launch dela

ys and slower-than-expected recovery of its in-feed advertising, the company explained.

prxffc.cn

As the principal dan上海品茶微信nd dozens of other da

ncers from the Liaoning Ballet of China will take their original ballet Hua Mulan to the United States a

nd Canada in late August, representing the troupe’s first performance of the classic outside of China.上海品茶微信

For Yu, who entered the Liaoning Ballet in 2009, it has been a unique process.

“In the past, I often played the roles of a swan or a princess. This tim上海品茶微信

e, I had to become a man who is ultimately found to be a woman,” she says. To act Mulan’s p

art well, she had to do push-ups and fight with sticks on stage, just like the male dancers.

上海品茶微信The story originates from a Northern Dynasty (386-581) folk song, known as the Ballad of Mulan. The song tells the tal

e of a valiant girl who joins the army on behalf of her ailing father, battles enemies to defend her country and fights with

high distinction. However, she refuses the accolades thrust upon her and ultimately retires to her hometown.上海品茶微信

Besides the physical techniques required, Chinese b

allet cares about portraying its characters’ inner world and expressing emotions.

“Playing the legendary warrior has made me grow up and deepened my understanding of performance, life and Chin上海品茶微信

ese culture,” Yu says. “You should be able to impress yourself before you can impress your audience.”

Qu Zijiao, 57-year-old director of the Liaoning Ballet, says: “To tell Ch

上海品茶微信inese stories to global audiences, the legend of Mulan is more relatable than others.”

She says it is a touching story, and Mulan’s heroic spirit, perseverance, and love fo

r country and peace can resonate with people everywhere, adding that many European and American audiences are

already familiar with her story thanks to Disney’s classic animated film, which introduced上海品茶微信

the legend of Mulan to the West. Additionally, the recent release of initial footage from Disney’s u

pcoming live-action remake of Mulan has sparked renewed interest in the character.

上海品茶微信The 100 plus-minute ballet Hua Mulan incorporates classic and modern art elements that will suit the taste of today’s a

udiences at home and abroad, according to Wang Yong, choreographer-director of the show.

olyfwg.cn

the investment mark上海千花坊et of food waste dispos

al facilities will expand to a scale of 152.4 billion yuan ($22.18 billion) as

the garbage sorting and recycling campaign makes headway, providing related compa上海千花坊

nies with various business opportunities, according to the E20 Institute of Environment Industry.

上海千花坊女神会所Aiming at a greater market presence and higher production efficiency, companies are rac

ing to maximize the use of intelligent and cutting-edge technologies in waste disposal.

A good example is the Chinese payment giant Alipay, which has rolled out a mini-program to h上海千花坊

elp sort garbage by using artificial intelligence and augmented reality technologies.

By scanning waste items with their smartphones, users can learn in seconds how to sort their trash.上海千花坊女神会所

In addition, the internet and big data technologies are also u

sed by companies to assess and analyze the demand for bins in different areas.

Industry body calls on authorities to implement government guidelines

上海千花坊Officials at China’s leading auto industry association are calling for local authoriti

es to implement the central government’s guidelines for boosting car consumption in the wake of ve

hicle sales in the country having fallen for 13 months in a row as of the end of July.

Overall vehicle sales in the world’s biggest vehicle market stood at 1.8 million in July, falling 4.3 percent from t上海千花坊女神会所

he same month last year, according to the China Association of Automobile Manufacturers.

Total sales in the first seven months of this year totaled 14.13 million, down 11.4 percent year-on-year.上海千花坊

The association expects the fall to become less severe in coming m

onths because of a lower comparable base figure from the second half of last year a上海千花坊

nd because of the measures implemented to help with car consumption.

It estimated that China’s vehicle sales would drop 5 percent this year上海千花坊女神会所

from 2018 to 26.68 million vehicles. It has also trimmed its forecast for a rise in new ene

rgy vehicle sales to 1.5 million from a forecast of 1.6 million made at the start of the year.

www.zzyosj.cn

Though RYB Education上海419hat Oswaldo has

a valid work visa, the regulations mean that as a Colombian citizen

whose mother tongue is Spanish, he is ineligible to work as an English-language teacher.上海419

An undercover investigation by China Central Television recently showed that salaries p

上海419品茶微信aid to foreign English-language teachers are much higher than those for Chinese nationals doing the same job.

For example, at one training institution in Beijing, a Chinese teacher of English can earn 300 yu

an an hour, while foreign teachers can earn as much as 1,800 yuan per hour simply by talking to the students.上海419

When the undercover reporter asked to see the qualifications and working visas of foreig

n teachers at one training institute, his request was refused because it “violates the teachers’ privacy”. A different i

nstitute refused to show the reporter the relevant documents because it was a “business secret”.上海419

At another online English training institution, the reporter discovered that two of the English-language te

achers were Portuguese nationals, even though the上海419品茶微信

institution repeatedly assured him that all of its teachers were native speakers.

Chu Zhaohui, a senior researcher at the National Institute of Education

Sciences, said the market for foreign teachers is like a gold rush, with abundant o上海419

pportunities, few regulations and big profits for those who want to make a quick buck.

“For foreigners, applying for jobs in English-language teaching at training establis上海419品茶微信

hments is straightforward-often, simply submitting a resume is enough, and usually they are not r

上海419equired to undergo background checks, provide references or proof of qualifications,” Chu said.

He added that parents and students are more forgiving of fo

reign teachers’ lack of teaching credentials, especially if they are white-skinned nati上海419品茶微信

ve speakers, because they assume that all foreigners have the ability to teach their mother tongue.

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Tencent came out of 上海419论坛ded regulatory freeze

 in new games as it rode Peacekeeper Elite and other titles like Honor of Kings to reignite growth in a business that co

ntributed 30 percent of its revenue. The company said it released 10 games in the second quarter.上海419论坛女神会所

“Although we thought our recently revised estimates would be low enough, second quarter of 2019 topline growth on

上海419论坛ce again missed both our and the Street’s expectations,” said Alicia Yap, an analyst of Citigroup Global Markets Asia, wh

ich maintained a Buy Rating on Tencent shares after the results were published.

“We expect gaming revenue to re-accelerate starting from the second q上海419论坛女神会所

uarter onward,” David Dai, a Hong Kong-based analyst at research and broke

rage firm Bernstein, told Bloomberg News, adding this would also drive a surge in overall revenues.

Tencent’s performance is actually in line with the bigger picture for other digital outfits.上海419论坛

Digital ad spending in the world’s second-largest economy is

expected to hit $79.82 billion in 2019, growing 22 percent from the year before, said eM上海419论坛女神会所

arketer. But the figure represents a reduction from the 28 percent growth seen last year.

The slower growth in economy combined with the prolific ad inventory at rival Bytedan

上海419论坛ce will weigh on marketing demand and ads, said a research note from Citic Securities.

“But given Tencent’s abundant share in online traffic (over

40 percent) and relatively low monetization rate of the ad上海419论坛女神会所

business in China, the current stalemate wouldn’t last too long,” the Citic report said.

On a positive note, the new revenue category of “FinTech and Business Services” set up this ye

ar that includes payment and cloud services churned out 22.9 billion yuan, up 37 percent on co上海419论坛

mparable business last year. The sector was fueled by rapid growth in commercial payment volumes.

“We have learned from our industry contacts that Te上海419论坛女神会所

ncent’s WeChat Pay has enhanced efforts to improve profitability

by phasing out/reducing subsidies,” Nomura Securities said in its own research note.

chitudoudemao.cn

angdong province, o上海419论坛esday to cope with the

The ongoing situation has disrupted travel plans for many passengers and caused inconvenience.Passengers also expr

essed deep concerns about their recent trips to Hong Kong amid a massive backlog of flights.Huang Yanheng, 29, who上海419论坛品茶微信

works at a consulting company in Beijing, plans to travel to Indonesia next week and needs to transfer in Hong Kon

上海419论坛g.”I planned the trip almost half a year ago but the woes at the airport still remain. Therefore I had to cancel my trip

,” he said, adding that he will try to avoid nonessential travel to Hong Kong.The expedition along the world’s thi

rd-longest river is Dyke’s third noteworthy achievement. In 2014, he claimed to have become the first person to wa上海419论坛

lk the length of Mongolia, solo and unsupported, something China’s civil aviation authority and airlines have been spari

上海419论坛品茶微信ng no efforts in accommodating passengers in Hong Kong affected by flight cancellations.Hong Kong International Airport was forced to susp

end all check-ins for departing flights for a second straight day on Tuesday afternoon as protesters returned and br

ought chaos to the airport, hours after it resumed a limited number of flights in the morning.The Civil Aviation Admini上海419论坛

stration of China said that efforts will be made to increase the transfer capacity of airports in the Guangdong-Hong K

ong-Macao Greater Bay Area to avoid disruption to trips between the mainland and Hong Kong following rece

nt disruptions at the special administration region’s airport.It will enhance flight capacity as well as provide eas上海419论坛品茶微信

ier access for passengers to reschedule or refund tickets, the administration said on Monday.he ma

naged in 78 days. And, in 2016, he was described as the first person to have traversed the length of inland M上海419论坛品茶微信

adagascar, a journey of 2,574 kilometers that took 155 days.Dykes is already thinking about his next a

dventure and says he would like to do something in China.”I’d like to do something

shorter but just as ambitious and make it more interactive and educational,” he said.

shlfac.com

Our profits were not m上海会所m reducing investme

He said the company’s strong performance in Q2 demonstrated the resilience of its superior business model.

“We will continue to increase investment in technology, such as artificial上海会所

intelligence, big data, cloud computing continue to sustain investment. At the same t

上海会所ime, we will continue to invest in new categories, such as fresh food and supermarket,” Liu added.

China’s capital city Beijing is expected to build over 10,000 5G base stations b

y the end of 2019, the overseas edition of the People’s Daily reported on Wednesday.上海会所品茶微信

Statistics show China Tower, China’s telecommunications tower infrastructure service provider

, has completed construction and delivered 7,863 5G base stations, and operators opened 6,324 5G base s

上海会所tations at the end of July in Beijing, according to the Beijing Communications Administration.

Multiple measures are ongoing and expected to be taken to further

promote the construction of 5G infrastructure, the municipal telecom authority said.上海会所品茶微信

To guarantee the high-quality development of 5G technology, procedure standards have been dev

上海会所eloped throughout the planning process. A special plan for 5G infrastructure construction has been made by B

eijing Municipal Commission of Planning and Natural Resources and Beijing Communications Administration.上海会所品茶微信

The plan covers development status, aim, overall plan, key areas and implementation sug

gestions for building 5G infrastructure systems including base stations, office buildings, pipelines and power.

Specific requirements for buildings have been made in line with the development of 5G technology, according to a specificat上海会所

ion for the mobile communication infrastructure of buildings, taking effect on July 1.

5G base stations have been constructed in key areas, including and上海会所品茶微信

surrounding area the International Horticultural Exhibition 2019 Beiji

ng in Yanqing district of city, Shougang Park, home of the Beijing 2022 Winter Oly

mpics organizing committee, and Tian’anmen Square and the Forbidden City along Chang’an street.

shlfae.com

Beijing new airport fl上海419论坛start selling tickets

Passengers can now book flights departing from Beijing

Daxing International Airport, according to a report by Beijing Youth Daily.上海419论坛

Compared to those departing from Beijing Capital Internat

上海419论坛ional Airport, flights operating out of the new airport, which will to begin operation on Sept 30, are

generally priced lower because of route charges and services included in the tickets, the report said.

On the ticket booking platform of Qunar, an online travel company, tickets are available上海419论坛女神会所

for flights from the new airport to Shanghai, Guangzhou, Chengdu and Kunming from Sept 30.

In addition, international routes, including to London, He

上海419论坛lsinki, Casablanca, Fukuoka and Kathmandu, can be booked and the prices are gen

erally cheaper than those taking off from the Beijing Capital International Airport.

The new airport, built to meet China’s surging air service demand and take the pressure off上海419论坛女神会所

Beijing Capital International Airport, will serve as a second international airport for Beijing.

Located 46 kilometers south of downtown Beijing, it will be the world’s largest s

上海419论坛ingle-terminal airport and is expected to handle more than 100 million passengers a year.

At 7:30 pm on July 15, 1971, United States President Richard Nixon

spoke to the nation from a television studio in Burbank, California.上海419论坛

“I have requested this time tonight to announce a major development in our efforts to build a lasting peace in the wo

rld,” he began, before reading an announcement that was also being made in Beijing.上海419论坛女神会所

It said that Premier Zhou Enlai and Henry Kissinger, Nixon’s assis

上海419论坛tant for national security affairs, had met for talks in Beijing from July 9 to 11. Kn

owing that Nixon wanted to visit China, Zhou, on behalf of the Chinese government, had invited him to come to the co

untry at an “appropriate date” before May 1972. Nixon had accepted the invitation “with pleasure”.上海419论坛女神会所

Nixon said, “The meeting between the leaders of China and the United States is to seek the normalization of relations bet

上海419论坛ween the two countries and also to exchange views on questions of concern to the two sides.”

More than two years of complex, subtle and deter

mined diplomatic efforts and negotiations preceded the announcement.上海419论坛女神会所

Nixon wrote in his memoirs, published in 1978: “Despite the almost miraculous secrecy we had been able to maintain, the C

hina initiative was actually one of the most publicly prepared surprises in history.”

www.howcode.cn