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Category Archive 上海品茶微信

Government pledges more red tape cuts of items requiri

China will further cut the number of items requiring certificatio

n and refine the procedures through institutional inno

vation to improve government services and foster a more enabling business environment.

The decision was made at the State Council’s executive meeting, chaired by Premier Li Keqiang on Sunday.

Participants at the meeting agreed that the government’s efforts in recent years to repeal unwarranted certification requ

irements and deepen the reform of government functions have produced notable results.

“These are crucial steps benefiting both companies and individuals

,” Li said. “At a time when the economy still faces uncertainties, removing these unjustified cer

tification requirements will help boost market vitality and improve the business environment.”

hheeh.cn

hina’s growth a source of hope for allong proclaimi

With Chairman Mao Zedong proclaiming the founding of the People’s Republic of China on

Oct 1, 1949, the Chinese people began leaving behind a century of colonial humiliation and building a new life.

What remains poorly understood by the wider world even seven decades later is how dire were

the conditions in China during those days. While China sustained its triumph, Chinese people’s living stan

dard 70 years ago was barely 5 percent relative to their counterparts in the United States.

It was a dire starting point.

Transitions that raised China’s living standard

In the late 1970s, Deng Xiaoping introduced “reform and opening-up” policies

and established special economic zones, which ultimately facilitated China’s entry int

www.tcplea.cn

The kind of view that he expressed is certainly in th

 right direction, and I’m encouraged by all of that,” said Jack Perkowski, a Wall S

treet veteran and founder and managing partner of JFP Holdings in New York.

Perkowski said that when combined with a perceived lack of legal enforc

ement, the issue of protecting IPR has always been the single biggest hurdle for most

companies from the United States when thinking about entering the China market.

He said every aspect of doing business in China has gotten better in the past two decades in the view of international investors.

Perkowski said IPR protection has emerged as a key issue. “China is deve

loping economically and technologically, so the bar is getting higher,” he said.

Savio Chan, CEO of US China Partners Inc, a business development f

irm, said the government’s crackdown on “squatting”-registering a large number of tradem

arks in order to unfairly profit-will improve the environment and help enterprises build brands with real value.

euitdm.cn

China welcomes financial institutions around the worl

 to participate in financing Belt and Road projects, Xi said, adding that multiple participants will bring common benefits.

Xi announced that China will support 5,000 people from innovative sectors in Belt and Road

countries in conducting exchanges, training programs and joint research in the next five years.

Xi called for joint efforts to facilitate trade and investment and oppose protectio

nism, saying that the flow of products, funds, technology and people can propel forces for economic growth.

According to Xi, more than 150 countries and internat

ional organizations have signed cooperation documents to jointly build the Belt and Road.

The BRI has opened new space for global economic growth and

built a new platform for international trade and investment, Xi said.

www.gzbbwhl.com

NPC reviews Securities Law amendmentdamental law governin

Country may soon adopt revision to pave way for capital market reform

The top legislature deliberated on the draft revision of the Securities Law over the weeke

nd, signaling China may soon adopt the revision to pave the way for key capital market reforms, experts said.

On Saturday, the draft revision was submitted to a bimonthly s

ession of the Standing Committee of the National People’s Congress for a third reading, Xinh

ua News Agency reported. The session began on Saturday and continues through Tuesday.

Revision of the fundamental law governing the capital market h

as lasted for six years, with 2015 and 2017 having seen readings of two draft versions.

“The latest draft version is of great importance because it will provide legal grounds for the registration-based initial pub

lic offering system-a key reform that China’s capital market has been awaiting for years,” said Dong Dengxin, director of th

e Finance and Securities Institute at Wuhan University of Science and Technology.

xzzygk.com

The 10 percent deduction rate, which applies to buyers of ag

ricultural goods, will be cut to 9 percent, said the statement.

“The VAT reform is not simply lowering the tax rate, but focusing on the integration with the overall tax reform. It has continued to ma

ke progress toward the long-term goal of establishing a modern VAT system, and it also leaves room for cutting the number of VAT brac

kets from three to two in the future,” said Wang Jianfan, director of the department of taxation under the Ministry of Finance.

To implement the statutory taxation principle, China will also accelerate legislation to deepen VAT reform, Wang said.

The joint statement came after Premier Li Keqiang said on Wednesday that China will imp

lement a series of measures to cut VAT rates and ease the tax burden in almost all industries.

Earlier this month, Li said in his 2019 Government Work Repo

rt that VAT reform was key to improving the tax system and achieving better income distribution.

sh419es.com

Explosive device found in Ireland appears similar to thos

  A “viable improvised explosive device” contained in a plastic envelope was found in

a postal collection center in Limerick, western Ireland, the Irish police said in a statement.

  Police were alerted to a suspicious item shortly after 6 a.m. local time on Friday, authorities said in an earlier statem

ent. The army’s bomb disposal team arrived at the An Post’s collection center at 9:50 a.m. local time, where the package was found.

  ”On arrival a cordon was established and the building was evacuated for the duration of the operation. A viable impr

ovised explosive device contained in a plastic envelope was identified and made safe,” the Irish police statement said.

  London’s Metropolitan Police is cooperating with the Irish police on these investigations, both forces

said in separate statements on Friday. group calling itself the IRA previously claimed responsibility for sending five packages cont

aining improvised explosive devices to the UK earlier in March, but British police said they had only recovered four.

  On March 5, three devices were sent to major London transport hubs — Waterloo Stati

on and offices at Heathrow and City Airports — in what police said appeared to be part of a “linked series.”

www.fanxgq.cn

Premji accounted for 80% of “large donations” defined as m

  100 million rupees ($1.4 million) — from India’s richest individuals in the 2018 financial year, according to this year’s India P

hilanthropy Report by consulting firm Bain & Company and philanthropy fund Dasra. Private indi

viduals in India donate about 430 billion rupees ($6.2 billion) each year, the report said.

  Wipro was founded by Premji’s father in 1945 as a vegetab

le oil manufacturer, and transitioned to the technology industry in the 1980s under Premji

‘s leadership. It has since grown into one of India’s biggest IT services companies, with more than 160,000 em

ployees worldwide and over 1,200 clients in industries ranging from aerospace to retail.

  Premji’s foundation focuses on supporting education, and ru

ns the Azim Premji University in Bangalore. Its billionaire benefactor’s latest donation coul

d help it open a second university and “scale up significantly,” the organization said.

xxxcj.cn

Bernd H. Knöller, Riff’s head chef and owner, released a stat

  expressing deep regret over the incident and saying that he is collaborating with authorities to determine what happened.

  ”I have taken the decision to permanently close the restaurant until the cause of what happened ha

s been established and we can reopen with the necessary guarantees for the safety of staff and customers.”

  Riff holds one Michelin star, a prestigious award in the restaurant business.

  ”The owner-chef, who despite being German considers himself Valencian, conju

res up innovative cuisine,” reads the Michelin Guide entry for the restaurant.

  ”This is based around the highest quality, seasonal, local produc

ts to create successful culinary combinations and interesting set menus.”Crippling sanc

tions in Iran have seen its effect in the medical sector. CNN’s Fred Pleitgen reports on medical shortages in Tehran.

qianpadag.com

Both sides had specific discussions about a memorandum

of understanding on bilateral economic and trade issues, Xinhua reported. The two sides said they will step up their work

within the time limit for consultations set by both heads of state, and strive for consensus.

Vice-Premier Liu He, US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin headed the talks.

After tit-for-tat exchanges of hefty import tariffs, China and the US agreed in December to halt new ta

riffs for 90 days to allow for talks. Since then, the world’s two largest economies have conducted i

ntense negotiations on a wide array of topics, such as trade and structural issues.

Wei Jianguo, vice-president of the China Center for International Economic Ex

changes, said China and the US have maintained close contacts in recent m

onths, which reflects their positive desire to solve genuine problems and foster cooperation.

Wei, a former vice-minister of commerce, underlined the importance of conducting rule-based negotiations and seeking win-win solutions.

Diao Daming, associate professor at Renmin University of China’s School of International Studies, said the world’s two la

rgest economies can deliver positive results in future trade talks to allay global concerns.

hdflower.net.cn