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 innovative China charts course for global growth Alerter l'administrateur Recommander à un ami Lien de l'article 

innovative China charts course for global growth
China's achievements in promoting an open and innovative economy and common development offer a good example for case study as global business leaders gather here to float creative ideas for guiding the world through a dramatic transformation.To get more latest china business news, you can visit shine news official website.
It is the fifth time the famed Fortune Global Forum has taken place in China, whose record of sustained development, commitment to win-win cooperation and contribution to global growth have kept wowing the world. Themed "Openness and Innovation: Shaping the Global Economy," the 2017 Fortune Global Forum is set to open in the southern Chinese metropolis of Guangzhou on Wednesday.
The forum comes at a time when technology is reshaping the business world in ways never seen before, and rising nationalism and growing distrust in businesses and other institutions are posing a threat to globalization, said Alan Murray, editor-in-chief of the Fortune magazine. Against this backdrop, more than 700 delegates, including senior executives from over 120 of the world's top companies, are expected to attend the three-day event for discussions on innovation, the future of globalization, 21st-century leadership and sustainable development, among other subjects. The platform, said Cai Chaolin, director of the Guangzhou forum's executive committee, will enable participants to have a positive impact on global economic and social development and create opportunities for enterprises. Meanwhile, Guangzhou has been described as an ideal location for the event, as it has long been a center of global trade and investment and has now also become a hub of innovation.
Currently, there are 120,000 sci-tech and innovative companies in Guangzhou, and 13 of China's top innovative companies are based here, according to the US business magazine Fast Company. "By creating a favorable business and innovative environment and laying out a number of key industries, Guangzhou has improved its ability to attract high-end elements, thus enhancing the city's influence and international popularity," Ni Pengfei, director of the City and Competitiveness Research Center of the Chinese Academy of Social Sciences, told Xinhua in a recent interview. In recognition of its innovative spirit, Guangzhou has been chosen as the permanent venue of the Fortune Brainstorm Tech International, a new event that focuses on technology and innovation and will take place annually. The forum comes as China is pushing forward comprehensive development in line with the blueprint drawn at the landmark 19th National Congress of the Communist Party of China (CPC) in October.
Taking stock of China's remarkable development over the past few decades, the new blueprint features, among others, the unremitting commitment of the world's second-largest economy to openness, win-win cooperation and common development. The commitment stems from China's increasingly close intertwinement with the rest of the world, and also from Chinese President Xi Jinping's grand vision of building a community with shared future for mankind.

  Aucun commentaire | Ecrire un nouveau commentaire Posté le 01-06-2018 à 07h47

 China Financial Opening Is not Quite What It Seems Alerter l'administrateur Recommander à un ami Lien de l'article 

Although trade tensions between the U.S. and China show no signs of abating, there are some reasons for cautious optimism. One is that the Americans have finally gotten around to giving the Chinese a concrete list of demands -- and, on at least one score, China is prepared to deal.To get more chinese financial news, you can visit shine news official website.
The Chinese financial market has long been closed to foreign ownership, despite widespread criticism from the U.S. and others. In November, following Donald Trump's state visit to Beijing, China's finance ministry announced that this was set to change in 2018, and now the Trump team is pushing China to make good on that promise.
The catch, of course, is that the practical impact of this opening will be minimal -- and for China, that's the point. It will accelerate its financial opening not because the Americans are demanding it, but because foreign financial firms no longer pose much of a threat. Chinese banks are now too big and too dominant domestically for foreign financial institutions to genuinely compete with them.Consider that the four largest banks in the world are all Chinese state-owned institutions. Together they have $11.9 trillion in assets. The world's next five biggest banks roughly match up to China's Big Four, accounting for $11.8 trillion, but they represent the largest institutions in four separate countries -- Japan, the U.S., the U.K. and France. No single country has financial firepower on China's scale. Just taking America's banking sector -- where the concept of "too big to fail" originated -- it would require the combined balance sheets of the top 10 lenders to equal the assets of just China's top four.
Within China, foreign firms own slightly more than 1 percent of total bank assets, compared to a full 36 percent owned by the five major state-owned institutions. Similarly, foreign banks account for less than 1 percent of annual earnings, or the equivalent of about 5 percent of the yearly profit made by just the Industrial & Commercial Bank of China. Starting from such a minuscule base, and up against such huge incumbents, foreign banks will always be relegated to the minor leagues in China, whether market restrictions are eased or not. And it's not just size that gives Chinese banks an advantage. They also benefit from a well-oiled industrial policy. "Buy China" stipulations apply to projects of any significant magnitude, foreign or domestic, and include purchases of financial services. Such requirements generally aren't written into formal policy documents, because they don't have to be -- everyone involved understands them. Cross-shareholding arrangements between state-owned financial institutions and the companies whose projects they finance help reinforce these requirements. Increasingly, China is even exporting this model through its Belt and Road initiative.
A final disadvantage for foreign firms concerns data management. Chinese regulators are finalizing the details of a new cybersecurity law that will cover cross-border data flows, protections for personal information, and other sensitive issues. It's aimed at protecting China's "critical information infrastructure," of which finance has been deemed a part, and will make handling certain kinds of data far more onerous. Foreign financial institutions will almost certainly face more restrictive rules than domestic ones.
The same approach applies to payment systems. China allowed Apple Pay into its market 2016, but only after WeChat and Alipay had achieved complete dominance in the mobile-payments space and Apple Inc. had agreed to partner with the state-owed payments system Union Pay.

  Aucun commentaire | Ecrire un nouveau commentaire Posté le 01-06-2018 à 08h07

 WoW Events Schedule for This Week of April 10 Alerter l'administrateur Recommander à un ami Lien de l'article 

WoW Events Schedule for This Week of April 10 This weeks events for Legion are scheduled to come. It includes new Mythic+ Affixes, new World Bosses, Battlegrounds bonus which will bring you some some quests and of course quests and challenges. Before the new expansion come to be live on August 14, Legion still has a lot of events that are worth your participating. Raiditem is the most reliable place to buy cheap wow gold items and WoW gold cheap. Keep close on Raiditem.com to get the latest WoW news and discount WoW items info at our site! During the event, you will get the Sign of Battle buff which will increase the amount of Honor earned from Battleground objectives and wins by 50%. Honor is used to unlock more PvP talents in Legion and allow players to Prestige up for rewards like Prestigious Bronze Courser and Alliance Enthusiast. Pick up the weekly bonus event quest from Archmage Timear to acquire Glory of the Melee, Badge of Honor, and 5 Marks of Honor. For this quest you must win 4 battlegrounds. The archaeology reward for the next week is Crown Jewels of Suramar -- a vendor item worth 5,000 gold! If you don't grab it in the next two weeks, you'll have to wait another 6 months for the rotation! Completing 8 archaeology quests unlocks an Artifact Tint from This Side Up. Argus weekly quests Fuel of a Doomed World and Invasion Onslaught reward 1,000 reputation with both Army of the Light and Argussian Reach. Unlocking Lightforged Draenei and Void Elves is gated behind Exalted reputation standing with both Argus factions. Win 4 battlegrounds for the weekly quest "A Call to Battle" and receive 5 Marks of Honor, a Badge of Honor & Glory of the Melee (Artifact Power token). Greater rewards and glory are waiting for you in the new battleground. More info on Legion events will be updated here. Besides, raiditem is the most trustworthy website selling a large amounts of WoW items at the most reasonable price. When you are looking for a place to buy WoW gold, select raiditem.com to enjoy the best service! Read More

  Aucun commentaire | Ecrire un nouveau commentaire Posté le 01-06-2018 à 08h25


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  Blog créé le 01-06-2018 à 07h20 | Mis à jour le 11-10-2018 à 09h33 | Note : Pas de note