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To bring an end to the protests sparked by the proposed amendments to the special administrative region’s extradit
ion law, Hong Kong’s Chief Executive Carrie Lam Cheng Yuet-ngor announced on Tuesday her ad上海千花网
ministration’s decision not to restart the suspended legislative process for the amendments, saying the “bill is dead”.
上海千花网女神会所The demonstrations, some of them violent, have threatened the health of the city’s economy and thus the well-being of its resi
dents, and Lam also unveiled a raft of practical initiatives aimed at strengthening communication between th
e SAR government and the public, with the ultimate objective of improving governance in the SAR.上海千花网女神会所
It might be demanding too much of those leading the protests to have the kind of vision and political courage exhibited by the chief exec
上海千花网utive in her willingness to make compromises in policymaking in the face of public opposition. But they sh
ould have the wisdom to realize that persistent political conflict and unrest do not bode well for the city and residents, es
pecially at a time when the local economy is still licking its wounds from the ongoing Sino-US trade row.上海千花网女神会所
Hong Kong’s economy has slowed significantly over recent months, with the yea
上海千花网r-on-year GDP growth having eased to 0.6 percent in the first quarter of this year — the
slowest expansion in a decade — as both foreign trade and domestic consumption have been hard hit by the tra
de conflict between the Chinese mainland and the United States, the city’s two largest trading partners. Any es上海千花网女神会所
calation of the social conflict witnessed recently will only further harm Hong Kong’s economy and people’s livelihoods.
上海千花网Yet, the organizers of some of the mass rallies have said they will announce
more protests in the coming days until the bill is officially withdrawn from the legi
slative agenda. But more social unrest will only hinder efforts to tackle the fundamental problems that have a ta上海千花网
ngible effect on the lives of Hong Kong residents, particularly the younger generation — such as the severe housing s上海千花网女神会所
hortage, lack of social upward mobility and the widening wealth gap, which have fueled the social discontent.
and a former ch上海千花网品茶微信airman of Morgan Stanley Asia, warned that if the US and China, wh
ich have accounted for fully 44 percent of world GDP growth since 2008, opt for a superficial res
olution or fail to come to terms on their trade conflict, the global economy could well falter.
Bipartisan political support for China bashing in the savings-shor
t US threatens to turn a trade war into a protracted and destructive economic cold war, Roach said.
“Now, more than ever, a fragile world is in desperate need of political will and wisdom,” he said.
Xiong Aizong, assistant researcher at the Chinese Academy of Social Sciences’ Institute of World Economics and Pol
itics, agreed that multilateral mechanisms are the best solution to tackle global issues.
rch center at t上海千花网女神会所he administration, the Center of Sh
anghai International Film and TV Festival and the audiovisual communication research ce
nter at Peking University, about 1,500 films were screened exclusively online in 2018, a drop from 2,400 in 2016.
The drop is partly a result of the rising budgets for online movies, which as the survey also shows, have gr
own a hundredfold, surging from several hundred thousand yuan in 2015 to tens of millions of yuan in 2018.
“We hope to see the quality of films continue to improve as more budget is alloca
ted to such projects,” says Lu Di, director of the research center at Peking University.
Ma Zhongjun, founder of Shanghai-based Ciwen Media and a Chinese pla
ywright, stated at the summit that some key elements of quality online works are inn
ovation, either in characters or plots, and a smooth and rigorous film production process ranging from the choic
addressed are the issues that the business community is concerned about”.
“It is excellent that President Xi recognized some problems,” especially those associated with its Belt and Road Initi
ative, such as transparency and corruption, said Craig Allen, president of the US-China Business Council.
Experts also were interested in how the reform policies and laws would be implemented, something Xi addressed in his speech.
“People are very positive about the direction, but they need to
know the details” of how the promises would be delivered, Overholt said.
Xi, citing the old Chinese saying “honoring a promise carries the weight of gold”, pledged to install a binding mec
hanism for international agreements, to make sure governments at all levels operate in well-regulated wa
ys, and to update laws and regulations to abolish unjustified practices, keeping in line with the needs of opening-up.
ancing needs, sustainable development and debt sustainability, according to Finance Minister Liu Kun.
“We will build a high-standard and high-quality financing system to s
upport long-term and sustainable BRI investment while preventing debt risks,” Liu said.
He suggested promoting financing cooperation for projects in
third-party countries, equity investment and attracting more private funding.
Enhancing debt and risk management is a key consideration for deepening BRI financi
ng cooperation, said Yi Gang, governor of the People’s Bank of China, the central bank.
“The debt issue in developing countries should be treated objective
ly. If debt growth is accompanied by infrastructure improvement, enhancement of people’s liveliho
ods and productivity and poverty reduction, it will be beneficial for the sustainability of long-term debt,” Yi said.