Dealing with the economic bullying, trade protect

tionism and unilateralism of the United States is not just the business of China, it also matters to the recovery of the world economy,” Zhang said.

Regarding the future development of the SCO, Zhang said the short-term goal of the regional organization is to build a commu

nity of development and security while its long-term goal is to build a community with a shared future.

The “Annual Report on the Shanghai Cooperation Organization (2019)”, released by the Chinese Academy of Social Scien

ces on Monday, highlighted the challenges the regional body is facing due to unilateralism, protectionism and terr

orism against the backdrop of increasing global uncertainty and instability.

The report said political mutual trust among the SCO members has been strengthened and high-quality de

velopment of the BRI has injected fresh impetus into the member states’ cooperation.

www.shlf77.cn

hina’s subway network reaches ew of Shanghai metro

hina’s metro syst上海龙凤419品茶微信em has seen burgeoning growth over the past decades, with up close to 4,600 kilometers built since

the country’s first subway line opened in Beijing back in 1969, according to the 21st Century Business Herald.

Currently, 33 Chinese cities have subways, of which 21 entered the rail transit era in the last 10 years, the newspaper said.

Shanghai led all other Chinese cities with operating mileage of 669 kilometers as of Jun

e 6 this year, followed by Beijing and Guangzhou, with 617 kilometers and 473 kilometers.

Shenzhen’s 285 kilometers of operating mileage won its fourth spot, bu

t the figure lagged far behind the first three, while narrowing the gap with cities such as W

uhan, Chengdu and Chongqing, the newspaper added by compiling relevant data.

As a whole, 13 out of the 33 cities ran lines exceeding 100 kilometers in the same period.

www.shlf11.cn

domestic front, the yuan’s internationalization wil

 facilitate China上海夜生活品茶微信’s industrial structural adjustmen

t, and help Chinese enterprises further integrate into the world market, become m

ore technologically advanced and improve production efficiency by taking part in international competition.

The yuan’s internationalization will also enable domestic enterprises to avail of both domest

ic and international resources and markets, and thus promote rational allocation and full util

ization of production factors. Therefore, China’s plan for the internationalization of the yuan should be m

eticulous. For example, it could formulate a middle-and long-term plan for Eurasian regional financial co

operation and set up a Eurasian information sharing mechanism for the yuan’s internationalization.

China should also expedite the process of economic restructuring, and take steps to lessen the impact of the US’ monetary pol

icy on its economy as well as reduce its dependence on exports for economic development.

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The 5G licensing will be a significant boost to the do

omes上海龙凤1314女神会所tic economy as it will drive the transformation and upg

rading of the real economy, promote 5G applications in various fields including

manufacturing and agriculture and boost growth of the digital economy,” said Wang Zhiqin, head of IMT2020 (5G) Pro

motion Group, a team established by the ministry to accelerate the development of 5G in China.

“Issuing licenses for China Broadcasting Network Corp, the fourth

5G carrier, will help build a next-generation communication network,” Wang added. “Gr

anting four 5G licenses is conducive to fostering rational competition and investment in the market.”

She said the ministry will take key measures to promote 5G application, stren

gthen industrial management, better allocat上海龙凤1314女神会所e resources, encourage companies to part

icipate in 5G-network construction and further integrate 5G with vertical industries.

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Compared with wine and spirits, he said premium beer is

er is still in its early stages of growth in China.

“We will continue to enrich China’s consumption upgrading with a big focus on building ne

w capabilities that are key for sustainable market performance over the long run, such as investing in new b

eer styles, smart and green factories, e-commerce, digital marketing and analytics,” he said.

The Belgium-headquartered brewer has invested more than $3 billion in China since 1995.

The company expects its Foshan brewery, sitting in a strategic location in t

he Guangdong-Hong Kong-Macao Greater Bay Area, to embrace grid-connection at the

end of June and generate about 5 million kilowatt hours of electricity on an annual basis from 2019.

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A total of 277,000 vehicles from SAIC Motor were sold

 overseas last year, a year-on-year increase of 62.5 percent, making it the nation’s leadi

ng whole-vehicle exporter for three years in a row,” said Chen Hong, Party secretary and chairman at SAIC Motor.

Anheuser-Busch (AB) InBev, the world’s largest brewer by production volume, will add m

ore premium brands and install solar panels in nine of its Chinese breweries by the end of this year.

In addition to creating diversified product and brand portfolios in China – the comp

any’s second-largest market after the United States – AB InBev plans to further develop a premium segment in Chin

a, which currently accounts for less than one percent of the country’s beer market.

Jan Craps, CEO and president for AB InBev’s Asia-Pacific region, said the company h

as identified premium products as an important growing trend across most consumer goods in China.

ash520.cn

China boast 80% of world’s unicornsSince the term “unic

icorn” was first used by venture capitalist Aileen Lee six years ago to describe a privately held startups valued at $1 billio

n or more, the number of companies matching this label has mushroomed to 326, according to a report.

The United States is home to 156 unicorns, nearly half of the world’s total, followed by China with 94 unicorns, Jeff Desj

ardins, editor-in-chief of media site Visual Capitalist, said in a report called Visualizing the Unicorn Landscape in 2019.

The total valuation of the 326 unicorns has been raised to $1.1 trillio

n by investors, of which almost 30 percent is made up by the top seven unicorns with hig

hest valuation, including Bytedance, Uber, Didi Chuxing and WeWork, the report citing data from CB Insights said.

shlf888.cn

hina to realize full electronic toll coverage by year-end

More than 90 percent of vehicles on expressways in China should

be able to use the electronic toll collection (ETC) system by year-end, according to the Na

tional Development and Reform Commission and the Ministry of Transport.

The move is part of an effort to reach the goal of essentially re

moving all tollgates in two years, as laid out in the Gov

ernment Work Report in March. The brick-and-mortar tollgates will finally be rep

laced with the virtual ETC system, partly to reduce emissions and logistics costs.

In an action plan released on Tuesday, the commission and

ministry outlined a timetable for establishing the ETC syst

em, which allows drivers to pass electronic tollgates on expressways without stopping.

qianhuaes.com

hina, Russia chart closer ties, stabilityd Russian President

Joint statement of Xi, Putin meets expectations of two peoples, world

China and Russia signed two important joint statements, one to develop the lately upgraded bilateral relations and the ot

her to promote world stability during President Xi Jinping’s state visit on Wednesday.

The statements were signed by Xi and Russian President Vladimir Putin at the Kremlin in Moscow.

The two leaders decided on Wednesday to lift the bilateral relationsh

ip to a comprehensive strategic partnership of coordination for new era, and the two gov

ernments issued a joint statement on developing the lifted partnership.

In the other statement, the two governments focus on reinforcing global strategic stability.

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It’s important we have both of the visions. One is the visi

on to look into the future amid urban life, and the other is to look back

on rural history – it’s our past,” he says, adding that this contradiction – resisting urban

ization while at the same time embracing progress – has driven the emergence of modern thought and di

scourse, which has become the internal motivation for change in art, literature and philosophy.

Ethnic Tibetan writer A Lai, famous for his novel Settling Dust, which was also published und

er the title Red Poppies, says many of the writers today still depict rural life as they imagine it, rather than ob

serving and reflecting on it by honestly facing the challenges posed by globalization.

“We should be aware that many of the problems facing Chinese farmers and villagers today are universal,” he says.

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