Since the area features two free trade zones in Shang

anghai and Zhejiang, Bank of China will come up with more offshore FTZ businesses in the near future.

上海千花坊Kong Qingwei, chairman of China Pacific Insurance (Group) Co Ltd, said t

he Yangtze River Delta region is a key driver of the group’s annual income and inno

vative development. Of the insurer’s 126 million customers in China, 30 million live in the region, and account for 80

billion yuan, or 25 percent, of the insurer’s 320 billion yuan in total premiums.上海千花坊品茶微信

As Kong understands, there are plenty of opportunities for insurance companies in the integr

ated development of the Yangtze River Delta region, with transportation as a top priority.上海千花坊

“Insurance capital can help the government to boost domestic consumption. A com

prehensive transportation network connecting railway, subway, ports and even airports ha

上海千花坊品茶微信s been a longstanding goal of many cities in this area. This is where insurers can play a big role,” he said.

Elderly care is another sector where insurance companies can find big opportunities, said Ko

ng. In early June, CPIC opened an elderly care community in Hangzhou, and is about to launch a new one in Nanjing.

“The idea is to let the senior citizens in Shanghai enjoy quality elderly

care services in other parts of the Yangtze River Delta region. More room in Sha上海千花坊品茶微信

nghai can thus be given to ambitious young entrepreneurs to set up their own businesses,” he said.

The integration of risk prevention schemes for peasants in the Ya

ngtze River Delta region is one more area where insurers can focus on, said Kong.上海千花坊品茶微信

Peasants’ income can be largely increased via products such

as cost insurance, yield insurance, income insurance or one-stop insurance service.

上海千花坊品茶微信He Haifeng, director of the Institute of Financial Policy, which is a part of the Chinese Academy of Social Sciences, said the

integrated development of the delta region presents many latent challenges. So, more efforts should be made to ref

orm finance and tax areas, to reduce fees in various fields, and improve the overall business environment.

sabel Ge Mahe sharpens US tech giant’s focus on the Chinese market with new initiatives

Isabel Ge Mahe, vice-president and managing director of Apple in C

hina, started off her career on the technical management side but graduated to bu

siness administration, leveraging both her aptitude and educational qualifications.

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various fields including manufacturing and agricult

ure and boost上海419品茶微信 growth of the digital economy,” said Wang Zhiqin, head of IMT2020 (5G) Pr

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

“Issuing licenses for China Broadcasting Network Corp, the fou

rth 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 applica

tion, strengthen industrial management, better allocate resources, encourage co

mpanies to participate in 5G-network construction and further integrate 5G with vertical industries.

High-speed 5G technology is expected to revolutionize the tech world in the

near future as it will be able to transmit data at least 10 times faster than 4G technology.

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Beverages, which used to focus on flavor, have als

so aimed to forge a connection to health. Concepts such as vegetable protein drinks,

MCT, or medium-chain triglyceride, and dietary fiber were unveiled. Riding the wave of nationwide phy

sical fitness, sales of snacks with less sugar and no sugar also showed an obvious increase.

Unique and distinctive snack food is enjoying growing popularity among young people born a

fter 1995, who pay more attention to innovative taste, unique design and clever names.

The Chinese snack industry has entered a fast lane of development. Its gross output value is

expected to grow by about 20 percent a year, hitting 3 trillion yuan by 2020, the report said.

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Paula Polito, client strategy officer at UBS global wealth

 management, said they are seeing high levels of cash globally. But she also stressed that, alth

ough it increases liquidity, cash may not necessarily be a safe strategy in the long run.

Faced with many uncertainties, including downward pressure on China’s economy and escalating trade fricti

on between China and the United States, 36 percent of the 465 Chinese high net worth ind

ividuals – those with average personal wealth of at least 10 million yuan ($1.45 million) – polled by the Hurun Research In

stitute said that the focus of their investment strategy will be to “avoid risks” this year, mainly by increasing

asset allocation to fixed income products, gold, bank deposits and currency products in the next three years.

Mark Haefele, chief investment officer at UBS global wealth management, said that investors sometimes focus too much on th

eir home region. “Diversification is still the best way to access opportunities and sidestep domestic risks,” he said.

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Substantial and resolute efforts must be made to prevent

 major contradictions and outstanding problems through coordinated planning and targete

d measures to make reform better serve the country’s economic and social development, Xi said.

The meeting reviewed and approved a series of official documents including a guideline on innovation and improving ma

cro-regulation, as well as a guideline on strengthening opening-up and cooperation in innovation capacity.

The meeting called for taking the supply-side structural reform as the main task, making coordinated efforts to stabilize eco

nomic growth, promoting reforms, readjusting the economic structure, improving people’s livelihoods, pr、

eventing risks, and ensuring social stability, according to a statement issued after the meeting.

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China attaches great importance to the development of th

 the big data industry and is willing to share opportunities of the dig

ital economy’s development with other countries and jointly explore new growth drive

rs and development paths by exploring new technologies, new business forms and new models, Xi added.

With increasingly wider applications of digital technologies in China, the country is expected to genera

te and store 27.8 percent of global online data by 2025, up from 23.4 percent last year, according to a re

port by market researcher International Data Corp and data storage firm Seagate.

In comparison, the US share will stand at 17.5 percent by 2025, a drop from its 21 percent share in 2018, the report added.

United Nations Secretary-General Antonio Guterres said that f

rom medicine to transportation to farming, big data presents the world with a r

emarkable tool to advance global progress, but with that opportunity also comes risk.

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Xi noted that China and Brazil are the biggest developing

 countries in the Eastern and Western hemispheres, and both are imp

ortant emerging markets. The two countries have a common wish and great potential for d

evelopment, he said, adding that both countries are important forces for promoting a multilateral world.

Since the establishment of diplomatic ties 45 years

ago, relations between China and Brazil have achieved fruitful outcomes, Xi said.

The president said it is a critical period for the two countries, and they

should forge ahead, and each side should deem the other as a partner for development.

Xi called on the two countries to respect, trust and support each other in making the China-Brazil relationship a model for d

eveloping countries’ cooperation and an important force in promoting world peace and progress.

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ate interests, heed its people’s will and safeguard the basic

The two countries should follow the direction set by their heads of state, manage d

ifferences on the basis of mutual respect and expand cooperation on the basis of mutual benefit, he added.

Ren Zhengfei, founder and CEO of Huawei, told the Nikkei Asian Review on Satu

rday that the company has not done anything that violates the law, and the ban will have a limited impact on its business.

However, Xiang Ligang, director-general of the telecom industry association Informat

ion Consumption Alliance, said the US ban will disrupt the global electronics industry, given the size of Hu

awei as the world’s largest telecom equipment maker and the second-largest smartphone vendor.

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Gao Feng, director of the ministry’s Economic Crime Inv

estigation Bureau, said that illegal fundraising and related economic crimes remain a serious issue.

Cases involving over 10 billion yuan and more than 1 million investors are frequent, Gao said.

“The spread of illegal economic crimes such as illegal fundraising is also pretty fast.”

To raise public awareness, educational activities were organized this week to mark the 10t

h national awareness day for combating and preventing economic crimes, which fell on Wednesday.

With a focus on combating and preventing illegal fundr

aising and pyramid schemes – two types of crime common in recent years – face-to-face cons

ultations were organized and online presentations were launched to illustrate the methods of illegal fundraising.

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an civilizations have written a brilliant chapter in hu

Being one of the earliest human settlements and a major birthplace of

human civilization, Asia takes up one third of the total land o

n Earth, has two thirds of the global population, and consists of 47 countries and more than 1,000 ethnic groups.

Asian people have made incredible cultural achievements over the past thousand

s of years and they have started cultural exchanges and mutual learning since the early days.

Asian people’s aspiration for better life should become reality

Geographically and culturally connected, Asian countries have

experienced similar historical situations and pursue the same dream.

Facing future, Asian countries should grasp overall situation and strive to turn people’s aspiration for a better life into reality.

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