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orporated into the Organization Department of the CPC Cen
上海会所tral Committee, the State Administration of Radio, Film and Television included in t
he Publicity Department of the CPC Central Committee, and the State Bureau of Religious Affairs merged into the Un
上海会所ited Front Work Department of the CPC Central Committee in a bid to transfer relevant administrative fu
nctions to the Party institutions to help them better and more directly perform their duties.
Third, the reform of the Party and State institutions has legal safeguards 上海会所
as the rule of law is the basic strategy of socialism with Chinese characteristics. To
this end, Xi made it clear that major reforms should be carried out in accordance with law. Consequently, na
上海会所tional laws and Party regulations were amended, and the Decision of the Standing Committee of the National P
eople’s Congress on Adjustment of Responsibilities of Administrative Departments Concerning Laws and R
egulations in the Party and State Institutions Reform was passed on Apr 27, 2018. 上海会所
Later, the NPC Standing Committee amended more than 40
上海会所laws. The Decision on Adjustment of Responsibilities of Administrative De
partments Involving Laws and Regulations in the State Council Reform was issued by the State Council, China’s Ca
binet, on May 24, 2018, and the problem of the legitimacy of restructuring, adjusting responsibility, and m 上海会所
anaging and enforcing the law before the revision of relevant laws and regulations was solved.
Reform regulations straightened out
上海会所Besides, the General Office of the CPC Central Committee has straightened out the Part
y regulations and relevant documents on the Party and State institutions reform, abolishing three and rev
ising 35 documents. Which has provided the legal and regulatory basis for institutional reform. 上海会所
And fourth, the Party disciplinary system and national supervision sy
上海会所stem have been unified. The Decision on Comprehensively Deepening the Party and
State Institutions Reform proposed to establish national-, provincial-, municipal-and prefecture-level su
pervision committees to jointly work with the Party disciplinary organs, in order to unify
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 securities 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 MSCI-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 started 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.
Two beluga whal上海会所品茶微信es have landed safely in Iceland, where they will live out their days in a whale sanctuary.
The pair, Little Grey and Little White, who had spent years in captivity as performers at the Changfeng Ocean World in Shangh
ai, were flown to the other side of the world in specially made slings and containers that were designed to their exact physical requirements.
The two 12-year-old female whales journeyed 9,223 kilometers,
including the flight from Shanghai Pudong International Airport to Iceland’s Keflavik
International Airport and trips by truck and ferry, to end up at their new home in a natural bay on Heimaey, one of the
Westman Islands, located off the southern coast of Iceland. They arrived on Wednesday.
Andy Bool, head of Sea Life Trust, said: “We’re absolutely delighted Littl
e Grey and Little White have safely touched down in Iceland. This is a complex but insp
iring project and we’ve been working with the whales for months, helping to prepare them for traveling to their new home.”
olice in six cou上海会所品茶微信ntries, including China and Vietnam, have rescued
more than 1,100 foreign women who were abducted and forced into marriages for pro
stitution purposes, and arrested 1,332 suspects, according to the Ministry of Public Security on Friday.
Between July and December last year, police from six countr
ies — China, Myanmar, Cambodia, Laos, Vietnam and Thailand — conducted a special campaign to t
arget the abduction and trafficking of women in the border areas.
During the drive, police uncovered 760 abduction and marriage fraud cases. They
caught 1,332 suspects, including 262 foreigners. They rescued 1,130 foreign women and 17 children.
over a week befo上海会所品茶微信re the G20 summit suggests the DPRK nuclear issue could be discussed between Xi and Trump on the sidelines of the summit.
With Pyongyang seeking economic development, there is an opportunity for China and the DPRK to strengthen their compre
hensive friendship and deepen cooperation. The two sides have already strengthened cooperation in tourism, pe
ople-to-people exchanges and pharmaceuticals, which are allowed by the UN sanctions.
During their meeting, Xi and Kim might discuss how to deepen cooperation in security, including den
uclearization, and trade and regional development, including exploring the potential of T
umen River economic cooperation, and cooperation in developing China’s northeast region.
To work with other countries in such programs, the DPRK has to expedite the denuclearization process and focus on its eco
nomy, because a peaceful Korean Peninsula will be conducive to the DPRK’s economic development, and vice-versa.
led with a few of her friends to Japan in January. Despite living in Beijing, she bought return flight ticke
ts that departed from the nearby city Tianjin to Japan, and the return tickets cost less than 1,500 yuan in total.
“It’s a great deal as I can save more money for shopping in Japan. It’s convenient to take a high-speed train fr
om Beijing to Tianjin, which only took half an hour, and then I caught a taxi to go to Tianjin airport,” she said.
Last year, the per capita spending of college students on flights edged up 2.6 percent year-on-year, the study said witho
ut disclosing specific numbers, and indicated their high sensitivity on flight ticket prices. Despite that they try to save m
ore money in buying flight tickets, college students prefer to stay at better hotels.
ch means even if Beijing does not take countermeasures equal in scale to Washington’s, the US economy will not be left unscathed.
Tariff hike will harm both China and US
The list of products subject to US tariff hike covers daily necessities, light industry and machinery, with the main targets
being agricultural and food products, and general manufacturing goods produced by light industries.
In terms of agricultural and food products, China is the third-largest supplier to the US, with processed fruits and
vegetables; fruit and vegetable juice; fast food and snacks; fresh vegetables and tea leaves being the main items.