On the one hand, judgingyabo888体育龙凤1314ustrial developme

nt history, the relocation of some manufacturing industries from

yabo888体育龙凤1314China to overseas destinations is inevitable given the extent of China’s development. On the other h

and, this phenomenon does not mean China will lose its manufacturing and economic power.yabo888体育龙凤1314品茶微信

During the previous five industrial migrations, the economic development of the leading countries that hosted such industries didn’t stop after

some of the traditional sectors relocated to other countries. Instead, they soon saw the rise of new industries, high-end myabo888体育龙凤1314

anufacturing and the service sector-and they are still developed economies. For example, the US is still the world’s larg

yabo888体育龙凤1314品茶微信est economy even 60 years after the third industrial migration, while Japan, Germany and Britain are ranked among the

top seven economies in terms of size and quality even decades after the industrial migration.yabo888体育龙凤1314

Relocation speed and scope not alarming

As a country with the world’s largest population, the third-largest territory, and the longest continuousyabo888体育龙凤1314

economic growth curve, China’s case will be the same even after the relocation of some of its manufacturing industries.

First, as mentioned above, the speed and scope of the manufacturing units’ relocation from China are not as fast and large as s

yabo888体育龙凤1314品茶微信ome people imagine. The industrial relocation from China started after the 2008 global financial crisis br

oke out, accelerated in 2012, and gained pace last year due to the Sino-US trade conflicts.

But the consequences are not expected to be very serious. For instance, from 2008 to 2018, global trade grew at an annual aver

age rate of 2.4 percent, while China saw 6.3 percent annual average export growth, which shows China’s export gyabo888体育龙凤1314品茶微信

rowth has been not only steady, but also 3.9 percentage points higher than that of global trade.

As a result, the share of China’s exports in global exports rose from 8.9

percent in 2008 to 12.9 percent in 2018, an increase of 4 percentage points. Which is a clear indicayabo888体育龙凤1314

tion that the relocation of manufacturing industries from China is not fast enough to make us feel worried.

Second, the rapid rise of emerging manufacturing industries in China will to a large extent offset tyabo888体育龙凤1314

he impact of the relocation of low-end industries on its entire manufacturing industry and eyabo888体育龙凤1314品茶微信

conomy. Therefore, China will continue to be a manufacturing and economic powerhouse.

dnrjpa.cn

veillance image showyabo888体育龙凤1314 and the two tena

The body of the missing girl taken by two tenants in her home in Hangzhou was found

at sea in Shipu county, Ningbo, at around 3 pm on Saturday, Metropolitan Express reported.yabo888体育龙凤1314

A member of the search and rescue team said a person fishing at sea found the body near Yushan Island, 30 kilometers away from the girl’s last known location.

yabo888体育龙凤1314女神会所”I just got the news that my daughter has left the world and gone to

heaven. We don’t have chance to be father and daughter in this life. I hope she will be my daug

hter in the next life and I can take care of her,” the girl’s father wrote on a social media account.yabo888体育龙凤1314

The 9-year-old girl, Zhang Zixin, had lived with her grandparents in Qingxi village in Chun’an county of East China’s Zhejian

yabo888体育龙凤1314女神会所g province. The two tenants, surnamed Liang and Xie, took the girl away on the morning of July 4, saying they wo

uld attend a wedding ceremony in Shanghai. On July 7, they didn’t return home as promised and lost contact with the family.yabo888体育龙凤1314

On July 8, the couple committed suicide in Ningbo, a city in Zhejiang. The girl was nowhere to be found.

The girl’s resident card was found along the Xiangshan coastline in Ning

yabo888体育龙凤1314女神会所bo by search and rescue staff on Wednesday night, Qianjiang Evening News reported.

Resident card issued by Hangzhou authorities can be used to t

ravel on buses and subways or to access social security services or in libraries and parks.

Hundreds of people including Xiangshan police and civiliyabo888体育龙凤1314

an rescue teams have taken part in the search on the sea and nearby mountains.

yabo888体育龙凤1314女神会所As more details of the case were dug out by domestic media, people found it hard to understand the motive of the tenants.

They arrived in Qingxi village from South China’s Guangdong province in the middle of June and stayed in a 7 Days Inn for half a month.

Starting from June 29, they rented a room at the girl’s grandparents’ house. They acted politelyabo888体育龙凤1314

y and nicely, usually inviting the whole family to have dinner together and bought snacks and toys for the girl.

yabo888体育龙凤1314女神会所Later, they said they would go to Shanghai to attend their

friend’s wedding and wanted to invite the girl to be the flower girl and tour the city with them.

The girl’s father, who works in North China’s Tianjin, didn’t agree when the grandp

arents asked for his opinion. The girl and the two tenants persuaded the grandmother and got the nod

weishow.com.cn

cooperataidyabo888体育龙凤1314品茶微信Erdogan said that the

In addition to thyabo888体育龙凤1314品茶微信e exhibition, inheritors of intangible cultural heritages for

yabo888体育龙凤1314m Guizhou demonstrated the production process of the traditional handicrafts. Visitors can enjo

y Guizhou’s liquor and tea while admiring the intangible cultural heritage performances.

yabo888体育龙凤1314品茶微信hinese restaurant Summer Palace at China World Hotel began serving the Peking roast du

ck last week under the guidance of Chef Yuan Chaoying, a culinary expert specializing in Beijing cuisi

ne. The chef is bringing the golden-brown, mouthwatering dish for customers throughout the summer.

“From the Forbidden City to the Temple of Heaven, Beijing has plenty of incrediblyabo888体育龙凤1314品茶微信

e sights. But one of the city’s greatest attractions, Peking duck, is actually made in the kitchen,” said Ste

phan Kapek, general manager of the hotel. “Summer Palace now has its own version of this iconic dish.”

yabo888体育龙凤1314The activity is part of the 2019 China Tourism Culture Week, which is hosted by the Ministry of Culture and Tourism. It is t

aking place in 34 China Culture Centers and 19 China National Tourist Offices around the world from May to June.yabo888体育龙凤1314

At a time when the world has reached a critical crossroad with global economic growth foundering, and raging trade frictions and development problems com

ing to the fore, Xi has embarked on a series of overseas trips since the beginning of June to promote multilateralism, free trade and economic glyabo888体育龙凤1314品茶微信

obalization. By so doing, he has sent a clear signal to the world once again that China, as a responsible power, stands by int

ernational rules and is committed to addressing international issues, driving global growth and promoting peace.

However, the road ahead for China is far from smooth, typically fraught with risks.

yabo888体育龙凤1314品茶微信And although Trump has allowed US companies to sell components

to Huawei, he did not remove the company from the US’ blacklist. Which suggests the two sid

es need to make greater efforts to narrow the fundamental gaps underlying the Sino-US trade dispute.

But since a comprehensive, enforceable deal could still prove elusive, China will continue to

deepen reform and opening-up to cope with any risks and challenges that emerge in the future

weishow.com.cn

These high net worth individuals each possess inve

Meanwhile, 79 percent of the Chinese high net worth individuals polled said they are optimistic about their inves

tment returns for the next six months, while the average number was 62 percent in the North Asian markets.

Despite the fact that the benchmark Shanghai Composite Index sh

ed nearly 24 percent in 2018, 67 percent of Chinese participants said they will increase their inv

estments in the stock market in the next six months, much higher than the 51 percent registered in North Asia on average.

UBS found that cash still makes up about 30 percent of the investmen

t portfolios of Chinese high net worth individuals, which is the lowest among all surveyed Asi

a-Pacific markets, and even lower than the global average of 32 percent. Although China’s number is relatively lo

w, it is comparatively one of the most significant parts of the investment portfolios of high net worth individuals.

www.vnynui.cn

When asked if China will stop exporting rare earth mat

aterials to the US, Gao Feng, the ministry’s spokesman, said China

has been the world’s largest supplier of rare earth materials and has always been keen to m

eet the demand of its trade partners on this material to promote the rare earth industry.

The ministry made the remarks after the Trump administration starting May 10 raised tariffs on Chinese goods and rest

ricted Huawei’s business operations, which has harmed the interests of companies and financial markets on both sides.

“While satisfying domestic demand, China is always willing to fulfill other coun

tries’ rightful needs for rare earth materials,” he said. “But if any country plans to use the rare earth materials that Ch

ina exports to make products that will suppress China’s development, it is not acceptable.”

www.12xe6.cn

hina, International Pavilion big expo drawsing distr

As landmarks of the International Horticultural Exhibition 2019 Beijing China, the China Pavilion and the Inter

national Pavilion are attracting large numbers of visitors thanks to their unique designs and functions.

Covering an area of 5 square kilometers, the expo is being held in the capital’s Yanqing district.

Following the ancient wisdom of the Chinese people, the China Pavilion takes the shape of a green b

uilding that can “breathe” and has “life”, as described on the exhibition’s official website.

Core portions of the pavilion are composed of terraced fields. Fun

ctions of both irrigation and insulation are at play, and th

e fields help reduce energy consumption of the building while also offering heating or cooling functions.

www.ixhhw.cn

Chinese firms ideal partners on Belt and Road Initiative

Firms from China and the UK are ideal partners in many countries along t

he Belt and Road Initiative, a China-Britain Business Council official said in Beijing.

“The UK has taken a very positive view on seizing these opportunit

ies for UK businesses, particularly our banks, our large consultancy firms and our infr

astructure companies,” said Jeff Astle, managing director of China operations at the council.

British expertise in areas of financial services, banking, legal services, consulting services around engineering pro

vides a broad range of opportunities for UK firms to collaborate with Chinese firms in other countries, Astle said.

“We benefit from many English legal jurisdictions in many

of these countries, the English language and our businesses have long history and experiences in these coun

tries. That means we are a great ideal partner for Chinese firms in many of these Belt and Road counties,” said Astle.

www.ax148.cn

On the basis of the four China-Japan political documen

s and in the spirit of seeing history as a mirror as well as facing the future, the two nations sho

uld continue to work toward the long-term, healthy and stable development of bilateral relations, he said.

As major economies in the world, China and Japan both support free trade and obey WTO rules, Li said.

He also welcomed Japanese businesses to expand investment in China

as the country will continue to unwaveringly deepen reform and expand opening-up.

China stands ready to move forward with talks with Japan and other rel

ated parties to further the negotiations regarding the Regional Comprehensive Econo

mic Partnership as well as the China-Japan-Republic of Korea Free Trade Agreement, he said.

Li also voiced China’s support for Japan’s hosting of the G20 Summit, which is slated this year

to be held in Osaka, and he hoped it would inject fresh impetus into global economic growth.

Kono expressed his appreciation for efforts made by the Chinese premier in helping return bilateral relations to the right track.

sailingcity.org

As the central government started a new round of subsi

China and the European Union have committed to achieving major progress this year in negotiations for a high-level bilateral in

vestment agreement with a view to concluding the ambitious accord next year, according to a joint statement.

The two sides pledged to widen market access, eliminate discriminatory requireme

nts for foreign investors and establish a balanced investment protection framework, according to a joint statem

ent issued after the China-EU leaders’ meeting held in Brussels, Belgium, on Tuesday.

Premier Li Keqiang, European Council President Donald Tusk and Eur

opean Commission President Jean-Claude Juncker co-chaired the annual meeting and reach

ed consensus on a wide range of issues, including bilateral ties, global challenges and governance.

They committed to building an economic relationship based on openness, nondiscrim

ination and fair competition, ensuring a level playing field, transparency and mutual benefit, the statement added.

Two-way trade between the EU and China reached more than $682 billion last year. The E

U is China’s biggest trading partner, and China is the EU’s second-largest trading partner.

khlee.com.cn

China is willing to work with New Zealand to enable

their bilateral relations to continue to play a pioneering role in China’s relations with the West, he added.

Xi also called on both sides to step up mutual understanding, trust

and respect each other’s core interests and major concerns with an open, inclusive spirit.

Xi added that China welcomes New Zealand to take part in building the Belt and Road.

He also urged greater bilateral cooperation in international affairs, jointly pro

moting the development of an open world economy and safeguarding multilateralism and the multilateral trading regime.

China has prioritized coping with the challenges of the climate change and is willing to wo

rk with New Zealand to jointly promote the sustainable development of Pacific island countries, he said.

www.nqlbn.cn