Re-weighting of index上海419论坛apital flowsk prices at

Major stock and bond index providers have started, or have announced that they intend, to in

crease the weighting of China’s securities in their respective benchmark indexes over the course of 2019-20.上海419论坛品茶微信

Global index provider MSCI Inc. announced in February that China’s coverage in the MS

上海419论坛CI Emerging Market Index will increase from its coverage of 235 large-capitalization A-shares to 253 la

rge-and 168 mid-capitalization stocks. On a pro forma basis, A-shares will constitute 3.3 percent-a significant incr

ease from the current 0.7 percent-of the MSCI-EM Index when the process is completed in November.上海419论坛品茶微信

The FTSE Russell, the first international index provider of the Chinese ma

上海419论坛inland’s benchmarks 20 years ago, has elevated China’s A-shares to emerging market

status and started adding them to the FTSEEM Index from June 24, 2019. Upon full imple

mentation of phase 1 by March 2020, the A-shares will make up 5.7 percent of the index.上海419论坛品茶微信

And the Bloomberg Barclays Global Aggregate Bond (GAB) Index started the process of including China’s yuan-deno

上海419论坛minated government and policy bank bonds as a constituent on April 1. Other index providers, such as the FTSE R

ussell and JPMorgan, are reportedly also considering adding China’s debt to their indices.

The MSCI, FTSE Russell and Bloomberg Barclays GAB indexes cover a sizable share of the invest上海419论坛品茶微信

ible markets in the world. For example, the MSCI-EM alone is tracked by an estimated $1.9 trillion in

上海419论坛assets under management (AUM) from pensions, endowments, passive funds, and other investors. And the re-weighting

of these major global investment indexes is expected to result in a re-allocation of capital across emerging markets. As a

result, China’s asset market will inevitably become more important for global in上海419论坛品茶微信

vestors, notwithstanding the “noise” created by the ongoing US-China trade tension.

www.changhaisheng.cn

The US has said the IN上海夜生活s already dead beca

ause, it contends, Russia had for years violated it, in part by deve

loping and fielding the nuclear-capable SSC-8 ground-based cruise missile.上海夜生活女神会所

In February, Washington suspended its participation in the treat

上海夜生活y, saying it would quit the deal on Aug 2 if Russia does not return to compliance.

Moscow denied the allegation it violated the treaty and a

ccused Washington of breaking the accord, which the US likewise denied.上海夜生活

On July 3, Russian President Vladimir Putin signed a bill that suspends the country’s par

上海夜生活女神会所ticipation in the treaty. The decree was passed by the Russian parliament last month.

The INF Treaty, which was signed by US president Ronald Reagan and Soviet president Mikhail Gorbachev in 1987, has been c

onsidered a landmark arms control agreement. It bans Russia and the US from possessing, producing or c上海夜生活

onducting test flights of ground-launched cruise missiles and ballistic missiles

with a range of 500 to 5,500 kilometers. The treaty caps the number of deployed warheads at 1,550 for each side.上海夜生活女神会所

In an article in Arms Control Today, a monthly magazine on nonprolif

eration and global security, Daryl G. Kimball, executive director of the US-based Arms Cont上海夜生活

rol Association, suggested that the New Strategic Arms Reduction Treaty, also known as New START, be extended for f

ive years in order “to provide a foundation for a more ambitious successor agreement”.

上海夜生活女神会所”Without New START, there would be no legally binding, verifiable limits on the US or Ru

ssian nuclear arsenals for the first time in nearly half a century,” Kimball said.

New START was signed by Russia and the US in 2010 and took effect in 20

11. It replaced the 1991 START I treaty, which expired in 2009, and superseded the 2002

Strategic Offensive Reductions Treaty, which was terminated when New START took effect.

New START limits the US and Russia to 1,550 deployed warheads on 700 deployed delivery vehicles for long-range, strategic n

uclear warheads. Both sides have reduced their forces, meeting the mandated limits in February last year. If Mosco

w and Washington don’t come to an agreement on an extension, the agreement could die in 2021.

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Which shows Western,上海419论坛S, politicians and

media accuse China of violating human rights in Xinjiang not because they care for the people of the region but because they want to use hu

man rights as a weapon to attack China so they can hide their own atrocious human rights records.上海419论坛女神会所

上海419论坛Just as Deng Xiaoping said, some Western countries use issues su

ch as human rights to criticize China, but what they’re really after is China’s sovereignty. In pa

rticular, the US, given its grim human rights record, has no right to criticize China.上海419论坛

If governments and people across the world want to safeguard huma

n rights and promote the global cause of human rights, they should abandon their biases ag

ainst each other, respect cultural diversities and realize that human rights are really ab上海419论坛

out making people’s lives better, which is exactly what the central government has been doing in Xinjiang.

of the State Council, China’s Cabinet, on Wednesday, it was decided t上海419论坛

hat 10 percent of the shares of domestic large-and medium-sized State-owned e

nterprises will be transferred to the social security fund. Beijing News comments:上海419论坛女神会所

State capital belongs to the people and should benefit all members of society. It is also the co

mmon practice of developed countries to supplement social security fund with State-controlled capital.上海419论坛

After the money is transferred, the SOEs will enjoy the rights and profits

as financial investors, while the social security fund will be strengthened.

Before the move, the social security fund mainly rel

ied on enterprises and fees paid by individuals plus financial subsidies.上海419论坛女神会所

Especially, in the past round of SOE reform, many retirees were allo

wed to get their pensions without ever paying for them, which means the whole society sub上海419论坛女神会所

sidized the SOEs. Now the SOEs are flourishing and it is time they render some help back to society.

Money from the SOEs has long been considered an important way to supplement the social security fund. Howev上海419论坛

er, progress in achieving this goal has been rather slow. According to a national audit report, at the end of March this

year, only 113.2 billion yuan ($16.42 billion) of 23 SOEs had been transferred to the social security fund, which account

s for less than 10 percent of the planned total. Only four provinces had started the job.上海419论坛女神会所

There are vested interests behind this. For example, certain local government

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“Lagarde has excellent pe上海龙凤419MF chief, with a go

good global vision, political foresight, and understanding of international relations,” he said. “She has ac

complished a lot in the past eight years, thus, moving to lead ECB won’t be difficult for her.”上海龙凤419品茶微信

Wei, also a member of the Academic Committee of the International Mo

上海龙凤419netary Institute of Renmin University of China, said that he also appreciates Lagarde’s ef

forts in making the Chinese currency RMB part of the IMF Special Drawing Rights basket on Oct 1, 2016. It made the R

MB the fifth currency in the basket, joining the US dollar, euro, Japanese yen and British pound.上海龙凤419品茶微信

Edward Tse, founder and CEO of management consultancy Gao Feng Advisory, said that Lagarde’s comp

上海龙凤419rehensive experiences in multilateral institutions would make her a qualified ECB head.

He said that an important part of leading the ECB is balancing the p

olitical interests among eurozone members, so political skills are essential and somet上海龙凤419品茶微信

imes are more important than technical skills. And, in the ECB, there are already many economists to assist her.

“The most important part of leading the ECB is political sensitivity and political coord

上海龙凤419品茶微信ination capacity,” he said. “So EU leaders’ choice of Lagarde is very reasonable.”

He added that the EU’s economy lacks vitality, so whoever is ECB head will find it hard to change the situation.

“If Lagarde gradually solves the current problems with her high political sensitivity, it is already the best scenario,” he said.上海龙凤419

The European Union on Wednesday lowered its forecasts for economic growth next year fo

上海龙凤419品茶微信r both the 19-country eurozone as well as other countries within the bloc, partly due to the United Kingdom’s i

mpending exit from the bloc as well as current trade tensions around the world. Eurozone growth is expected to pick up f

rom 1.2 percent this year to 1.4 percent in 2020, down from a previous estimate of 1.5 percent.上海龙凤419

Tse said that EU’s economy has entered a structural downturn, and in many countries, ma

king short-term adjustments cannot help them achieve rapid economic development.上海龙凤419品茶微信

“Up till now, EU countries haven’t found the means for quic

k economic growth yet, which is different from the situation in China and t

he US, where innovation acts as the main driver for economic development,” he said.

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When we have performe上海千花坊around the world

Chen liked to say something to the audience about his pieces and I have always stopp

ed him. His music speaks for itself and is strong enough to communicate with people.”上海千花坊

Born in Shanghai, Yu, 55, studied piano with his grandfather, the composer Ding Shande, before he

上海千花坊品茶微信was trained at the Shanghai Conservatory of Music and later at the Hochschule der Kunst in Berlin. On

his return from Europe, Yu has become a central character in the development of the Chinese classical music scene.

Like Yu, Chen, 68, is also a Shanghai native. In 1977, Chen was enrolled to study composition at the Central Conservatory of Music in Beijing and in 1984上海千花坊

he moved to France where, for four years, he studied with Olivier Messiaen as the great French composer’s last pupil. He

上海千花坊品茶微信is best known as the musical director for the opening ceremony of the 2008 Beijing Olympic Games and composed the

song, You and Me. He is also known for his cooperation with Chinese film director Zhang Yimou on the 2001 ballet prod上海千花坊

uction, Raise the Red Lantern, based on Zhang’s film with the same title and the film, The Flowers of War, in 2011.上海千花坊品茶微信

The two works by Chen on the new album come from very different periods in his career.

 written between 1998 and 1999, is a five-movement suite, portrayi

ng the five traditional Chinese elements: water, wood, fire, earth and metal.上海千花坊

“When I first wrote Wu Xing, the piece was not well received, since the melodies were not smo

oth and not considered beautiful in a traditional way,” says Chen. “But, over the course of the last 20 years, a gr

owing number of people have developed a liking for it and it’s beyond my expectation.”上海千花坊品茶微信

The violin concerto, La joie de la Souffrance, was written in 2017, and Chen added color w

ith a percussion section. Maxim Vengerov played the solo part and the violinist premiered the work alon

g with China Philharmonic under the baton of Yu during the 20th Beijing Music Festival.

The Shanghai Symphony Orchestra also knows the violin conce

rto very well since it was a test piece for the 2018 Shanghai Isaac

Stern International Violin Competition and was played by the six finalists, accompanied by the Orchestra.

“The relationship between a composer and his music is like that of a biological father and his

children. For the interpreters, like the conductors and symphony orchestras, they are like the ‘f

oster parents’ of the work,” says Chen. “As the ‘biological father’, I can do nothing about my work after I finished wr

ting it, but Yu has his own understanding of my music, which sometimes surprises me.”

www.shlfcom.cn

ongyuan park is set up上海419llow inheritors to wor

A former cosmetics factory, the Sanlu Plant in Beijing has been repurposed to house, dev

elop and protect the future of China’s intangible cultural heritage, Yang Feiyue reports.上海419女神会所

A former factory and Beijing landmark has been transfo

上海419女神会所rmed into an intangible cultural heritage park in the capital’s downtown.

Several modern-looking buildings and a big lawn at its heart easily set Yongyuan apart from its hutong surroundings.

Yongyuan park sits on Xingfu Street in Beijing’s Dongcheng district where the Sanlu P上海419

lant, a well-known cosmetics manufacturer back in the ’80s and ’90s, once stood.

上海419女神会所The Sanlu Plant’s Dabao skincare brand was a household name nationwide, and the plant develope

d more than 100 products in markets such as hair care and fragrances. It contributed over 100 mil

lion yuan ($14.57 million) to the economy in the 1990s, making it Beijing’s number one taxpayer.上海419

In 2003, the plant’s cosmetics production line was transferred

out of the city, leaving the land at the center of the capital open for new use.

The Sanlu Plant began its search for a tenant and in 2018, Hong上海419

Kong-listed Beijing Capital Land came in and decided to develop its cultural operations.上海419女神会所

“The proprietor sympathizes with the concept of the cultural and creative indu

stries, and intangible cultural heritage,” says Li Yue, general manager with the inta

ngible cultural heritage platform, which Beijing Capital Land established last year.

shlfb.cn

Some netizens have e上海419论坛rn that change

ges could lead to 上海419论坛女神会所a cascade of costly adjustments, including road si

gns, bus schedules, official seals and hukou, or household registration documents.

Xinhua News Agency published a commentary on Friday calling for local authorities to further regulate their work procedures in the rectification of existing names.上海419论坛品茶微信

While acknowledging the cleanup as a correct move, as geographic names are basic social information that needs

上海419论坛to be regulated, the commentary also said soliciting the opinions of professionals and the public is necessary for a well-int

entioned campaign to be welcomed. It also suggested establishing a mechanism to prevent strange names from appearing again.

Gu Yan, a researcher at the National Development and Reform Commission’s Academy of Macroeconomic Research, said i上海419论坛

mproper names involving geographic locations should not have been approved in the first place.上海419论坛

hina’s State Administration for Market Regulation (SAMR) has released a draft revision of regu

上海419论坛品茶微信lations on the blacklist of defaulters in commercial activities on its website for public opinions.

The draft revision was introduced to improve market regulation based on a well-established business credit system, according to the SAMR.

Under the revised blacklist regulation system, supervision of market activities associated with上海419论坛

drugs, food, special purpose equipment and other areas vital to people’s life and health will be prioritized.

上海419论坛品茶微信The blacklist will be expanded from enterprises to self-employed

business-people, social organizations, individuals who hold direct accountability for the wron

gdoings in the blacklisted entities, and other market participants, according to the draft revision.上海419论坛

The revised version also specifies 36 wrongdoings wh

ich businesses and individuals should not conduct to avoid being blacklisted.

China’s market regulator put an interim version of the regulations into effect on April 1, 2016.上海419论坛品茶微信

The draft revision is open to public opinions until Aug 10.

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Rwanda’s Confucius i上海千花网 celebrates nniversary

Confucius Institute at the University of Rwanda on Wednesday held performances to celebrate the 70th anniver

上海千花网sary of the founding of the People’s Republic of China and the 10th anniversary of the establishment of the institute.

Confucius Institute at the University of Rwanda, is established in 2009 under the par上海千花网

tnership between China’s Chongqing Normal University and the University of Rwanda.

上海千花网品茶微信Over 300 people from China and Rwanda watched the performances held at the University of Rwanda campus in Rwanda’s capital city of Kigali.

Rwandan students from GSOB Secondary School in southern province kicked off the show wi上海千花网

th a chorus in Chinese, followed by Chinese tai chi, dancing, crosstalk and other performances staged by

上海千花网品茶微信students from the Confucius Institute’s different teaching locations across the country.

Confucius Institute at the University of Rwanda is the first Confucius institute established by the Chongqing Normal Unive

rsity, which serves as its starting point of establishing Confucius institutes in different continents, said Chen Zhijun, vi上海千花网品茶微信

ce-president of the Chongqing Normal University, shortly before the performances.

上海千花网Since 2009, Confucius Institute at the University of Rwanda has been expanding the s

cale to meet the needs of learning the Chinese language and culture for Rwandan people, said Chen, add

ing that the number of registered students has been increasing from over 200 in 2009 to over 5,100 in 2019.上海千花网

Young people hold the key to the future of the country, and the establishment of the Con

上海千花网品茶微信fucius Institute is meant to use skill and knowledge to empower the youth to explore their academic po

tential, said George Njoroge, principal of the College of Education at the University of Rwanda.

In the fast-changing world, knowing the Chinese language上海千花网品茶微信

and culture will give students an advantage in competition with others, he said.

Confucius institute, named after ancient Chinese philosopher Confuci

us, serves as a non-profit public institution to help foreigners better understand China thr

ough language teaching and culture introduction in universities overseas. The first such institute was established in

shlfccc.com

White House economic上海乌托邦udlow stated it is “v

ery, very important” for Beijing to “move immediately, quickly” on agricultural purchases, ev

en though he said there is “no timeline” and urged quality, not speed, for the negotiations.上海乌托邦

The immediate question of what comes next, however, may easily produce another round of foot-dragging.

上海乌托邦品茶微信Washington hopes to “pick up where we left off”, according to both US President Donald Trump and Kudlow. Beijing, on the o

ther hand, wants all tariffs to be removed as a precondition for a deal, which was not where the negotiations left off.

But then its perceptions of goodwill are no doubt fragile given the timing of substantial distractive factors in overall bilat上海乌托邦

eral relations, such as the disturbances in Hong Kong and US arms sales to Taiwan.

上海乌托邦品茶微信All in all, it is to be hoped the two sides can engineer a deal, but whether they can or not remai

ns to be seen. It will require realism and pragmatism from both.Zhang Ronghua, 89, and his gra

ndson Zhang Guoqing are the only inheritors of traditional oil-paper umbrella making in Xiangyang village. Xia上海乌托邦品茶微信

ngyang village has an over 400-year history of making handcrafted oiled paper umbrellas with bamboo stands. Made of oile

上海乌托邦d paper and bamboo frame, oil-paper umbrella is a traditional Chinese handicraft. The craftsmanship includes more than 80 procedures of so

phisticated techniques. Other than its utility, oil-paper umbrella is also indispensable in local traditional weddings.

Over the past 5,000 years, history has recorded the rise and fall of kingdoms and dynasties. One hundred and fifty years ago, the West c上海乌托邦品茶微信

onquered the world but failed to conquer the hearts of Chinese. Now, Uncle Sam is seeking unilateralism by abandoning world or

上海乌托邦品茶微信ders since World War II, but they encountered resistance all over the world, especially from China,” said Wang Y

aoheng, one of 12 contestants in the annual English Speech Contest held by the College of Liberal Arts & Law of

Dalian Minzu University on June 28. He made no secret of his admiration of Chinese culture.上海乌托邦

“After being informed of the speech contest, I was very excited about it. As a Chinese youth, I long for an opportunity to exp

ress my love for the culture of our motherland. In addition, this is also a fight back to those who turn a deaf ear to bo上海乌托邦品茶微信

th affairs at home and abroad. I want to tell them that we college students are not a “spoi

led generation, we are not the kind of know-nothing-but-pleasure” generation, Wang said.

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Yang Baosen premiered上海夜网 tells the story of

 a loyal military strategist against the backdrop of the Warring States Period (475-221 BC), in Shan

ghai in 1943, and it achieved great success. However, after the premiere, poor health meant that Y上海夜网女神会所

ang Baosen couldn’t perform the full-length piece again. Today, audiences rarely have the chance to enjoy it in all its glory.

上海夜网”One of Yang Baosen’s greatest achievements as a Peking Opera master was that he promote

d and transformed the performing style, especially that of the singing, of laosheng roles,” says 74-ye上海夜网女神会所

ar-old Peking Opera master Yang Naipeng, who studied with Yang Baozhong in Tianjin in 1958. “There are ove

上海夜网r 100 repertories performed by Yang Baosen, and it was an era that Peking Opera was heard as much as pop music today.”

Yang Naipeng’s 40-year-old son, Yang Shaopeng, also keeps the tradition of the performing style

alive and now performs with the Jingju Theatre Company of Beijing. Jingju means Peking Opera in Chinese.上海夜网女神会所

When Tianjin Jingju Theater Company was founded in 1956, Yang Baosen was the first

president of the company. According to Wang Zeqi, the current president of Tianjin Jingju Theater Company, other Peking Opera companies su上海夜网

ch as the National Peking Opera Company, which was founded in 1955, also invited Yang Baosen to join. H

上海夜网女神会所owever, he chose Tianjin on the condition that all of the members of his Bao Hua She join with him.

Walt Disney Pictures has released a Chinese-subtitled

trailer for its upcoming fantasy adventure film “Maleficent: Mistress of Evil.”上海夜网

A sequel to the 2014 film “Maleficent” with Angelina Jolie continu

ing to portray the title role, “Maleficent: Mistress of Evil” will further explore the complex rela上海夜网女神会所

tionship of Maleficent and her goddaughter Aurora as they face new threats to the magical land of the Moors.

上海夜网”Maleficent: Mistress of Evil” will hit theaters in the United States

on Oct 18, 2019, according to Walt Disney Pictures, the film’s production company.

Its releasing date for the Chinese mainland has yet to be announced.

“He was worried about the members of his troupe, so he brought them to Tianjin Jingju Theater Compa上海夜网女神会所

ny, making sure that they could still make a living,” says Wang.eking Opera artist Zhang Huoding (left) per

forms with 77-year-old artist Gao Mukun in a new remake of the classic opera Farewell My Concubine at Chan

g’an Grand Theater in Beijing, May 25, 2019, marking an end to the month-long Meet in Beijing Arts Festival. A repr

esentative Peking Opera piece, Farewell My Concubine tells a love story based on the legend of Xiang Yu, the warlord

of the ancient Chu Kingdom, and his beloved consort Yu Ji. In the new show, Zhang plays Yu Ji while Gao stars as Xian

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