Regulator warns four cities to keep property pricescheck

hina’s housing r上海龙凤1314品茶微信egulator has warned four Chine

se cities over price rises in the past three months, the Economic Observer reported.

Local governments of Foshan, Suzhou, Dalian and Nanning were urged by the Ministry of Housing and Urban-Rural Dev

elopment to stabilize land and housing prices as well as market expectations.

This came a month after six other cities were also warned over similar reasons on April 19.

Zhang Dawei, chief analyst with Centaline Property, said the main reason behind this is the real estate market in some

cities is at risk of going out of control, and the land market shows signs of overheating.

China’s house prices continued to stabilize despite slight increases

in April, according to the National Bureau of Statistics. Sixty-seven out of the 70 major Chine

se cities saw an increase in the number of newly built homes that were sold in April.

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Chen said the US is “disrupting the world order, weaken

Stephen Roach, a faculty member at Yale University and former chairman of Morgan

Stanley Asia, said the US government “blamed others for economic problems that are very much of its own making”.

There are plenty of realistic options for resolution between the two co

untries, Roach said in a recent article contributed to Beijing-based think tank China Watch. For

instance, he suggested, the US and China should take the lead in forging a global cyber accord.

“While additional tariffs from both US and China

will weigh on China’s growth outlook, we expect policy measures to offset so

me of the negative impacts,” said Tommy Wu, a senior economist at Oxford Economics, a British think tank.

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A key element of the campaign is also to prevent bureau

cratism and practicing formalism for formalism’s sake and to guide Party me

mbers to keep the Party’s commitments in mind, it added.The global eco

nomy is undergoing very large structural shifts, driven by three mega-trends. One is the digital transformation of th

e foundations on which economies are built and run. Another is the growing purchasing power and economic strength of e

merging economies, China in particular. And third, there are broad-based political economy trends, which inclu

de rising nationalism, various forms of populism, political and social polarization, and a possible breakdown of the

multilateral framework within which the global economy has functioned since the end of World War II.

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launched early last year, has contributed 257 milli

n yuan ($38 million) in sales of more than 780 types of products with the Winter Games logo as of the first quarter this year.

The Organizing Committee on Friday also unveiled its plans for volunteer recruitment and training. International recruit

ment, which will be launched in December through an online system, aims to select 27,000 volunteers to di

rectly serve the Games’ operation, while another 80,000 or so will work as city volunteers.

The Games’ official mascot will be unveiled in the second half of this year.

The Ministry of Education (MOE) of China has issued a statement

warning the country’s middle and primary schools against unauthorized selections and rankings.

The statement, made public on Thursday, was based on several lists of so-called “top

100 middle and primary schools in China” recently released by some institutions.

The MOE has never authorized any organizations or institutions to carry out such selections or rankings, according to the statement.

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The program will help them explore new education

ncepts, modes and methods and form new teaching characteristics

and styles, encouraging them to be leading talents in basic education.

They will play an exemplary and leading role in driving local rural teachers to improve their level of education and teach

ing, and consequently improve the quality of rural education in the central and western regions.

Institutions and individuals are prohibited from using overs

tatements and misleading words implying their my

opia treatments could cure the eye disease, according to a notice released Wednesday.

The words such as “full recovery”, “a cure for shortsightedness” and “to c

onquer myopia” could not be used in the advertisements, according to the notice ca

lling for greater oversight of the industry of myopia prevention and treatment.

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Shen was followed by Gan Jianping, managing partn

tner of Qiming Venture Partners, Xu Xin, founding partner of Capital Today, and Tong Sh

ihao, managing partner of GGV Capital. They ranked fifth, sixth and seventh respectively.

The list was ranked by investors’ portfolio companies that have gone public or been acquired for at least $200 million over

the past five years, or that have raised additional funding at a valuation of $400 million or more.

“A record number of international investors, pa

rticularly from China, and women investors are gradually changing the image of the Sil

icon Valley venture capitalist,” said Alex Konrad, associate editor at Forbes, in an editor’s pick.

He noted that after years of Midas dominance, the reign of Facebook and Twitt

er is over, as those deals and their well-known investors make way for a new generation.

“The increasing presence of Chinese investors in the Midas List is a solid reflection of the scal

e and vigor of the Chinese economy,” said Zhou Xuan, director of and a professor with the priva

te investment funds institute of the University of International Business and Economics in Beijing.

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As China has provided a clear policy of openness, transpare

ncy and reliability – a clear understanding of how the company can ensure sustain

able investments over a long period of time – Merck has initiated more

innovation hubs in China, Beckm

ann said. There will be more to come, in recognition of the innovative

environment here that is really moving in a positive direction.

“We think it’s great that Hainan has this free trade zone that has enabled innovative m

edicines to get a fast channel into China,” Gabor said, adding that Merck is trying

to work with Boao’s Su

per Hospital in therapy areas like oncology and infertility, as well as

chronic care disease.

Beckmann also took the Greater Bay Area as an example, describing it as a

very important region, specifically for the electronics industry.

“We have very important partners and customers in that regi

on, so it was quite natural for us to move with our innovation hub concept into the Greater Bay Area,” h

e said, adding that the company is building its digital initiatives with local

partners, such as Alibaba Health and Tencent.

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Information consumption vital to China’s economythe US inte

Information consumption has become a new engine for China’s economy, playing a vital role in d

riving domestic demand, creating jobs and pushing forward industrial upgrades, People’s Daily reported.

Last year, China’s information consumption rose 11 percent year-on-year to

5 trillion yuan ($745.39 billion), accounting for 6 percent of the GDP, according to the Internet Society of China.

To further boost information consumption, the Ministry of Industry and Inform

ation Technology and the National Development and Reform Commission unveiled an action plan in August.

According to the plan, by 2020, China’s spending on information consum

ption is expected to be 6 trillion yuan, with average annual growth of more than 11 perce

nt. Information technology is estimated to drive 15 trillion yuan in related consumption.

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The four new missions, according to Li, will improve the wat

quality of those areas worse than Grade V; regulate sewage outfalls along the river; alleviate phosph

orus-related pollution caused by mining and chemical production and regulate waste-water treatment facilities.

The other four missions contained in the action plan were already in process, said Li, inclu

ding protection of drinking water sources, regulations to tackle black and odorous water and solid waste disp

osal.hinese investment in US commercial real estate in 2017 plunged an estimated 55 percent from 2016, acc

ording to a report, but participants in the sector still expect Chinese capital to be a factor in the US.

The 2017 China-US Inbound Investment Capital Watch report from real estate comp

any Cushman & Wakefield put the estimated decline at $7.3 billion in 2017 from $16.2 billion in 2016.

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After 10 years of fastidious work, Zhang Weiren, a fruit

grower in Laixi of Qingdao, East China’s Shandong province, has been able to grow peach trees into the shapes of tab

les and chairs. The price of one of his peach branch chairs has now reached more than 20,000 yuan ($2,987).

In a farm in Jimo district of Qingdao, Zhang, 65, says that he plans to grow the tables and chairs at a ratio of four to one: four chairs to each table.

Zhang said that he started planting peach trees 15 years ago. He used to be a carpen

ter and often made wooden furniture, so, when planting peach trees, he liked to collect the roots of va

rious materials and use them for making ornaments, tables, chairs, figures, flowers, birds, and other root carvings.

As the raw materials became scarce however, Zhang had another idea, asking, “Can I p

lant tables and chairs myself?” Although his family were initially skeptical, Zhang persisted.

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