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These high net worth individuals each possess inve
Meanwhile, 79 percent of the Chinese high net worth individuals polled said they are optimistic about their inves
tment returns for the next six months, while the average number was 62 percent in the North Asian markets.
Despite the fact that the benchmark Shanghai Composite Index sh
ed nearly 24 percent in 2018, 67 percent of Chinese participants said they will increase their inv
estments in the stock market in the next six months, much higher than the 51 percent registered in North Asia on average.
UBS found that cash still makes up about 30 percent of the investmen
t portfolios of Chinese high net worth individuals, which is the lowest among all surveyed Asi
a-Pacific markets, and even lower than the global average of 32 percent. Although China’s number is relatively lo
w, it is comparatively one of the most significant parts of the investment portfolios of high net worth individuals.
Tariffs pose threat to global industrial chains, official says
The tariff increases that the United States has placed on Chinese goods affect not only the interests of Chinese companies and consumers, but also their US cou
nterparts and threaten the security of global industrial and supply chains, according to a senior Chinese industrial official.
“We once again urge the US to stop unreasonably suppressing Chin
ese companies. Chinese companies deserve to invest and operate in a fair and just en
vironment in the US and the world,” Vice-Minister of Industry and Information Technology Wang Zhijun said.
Concerning the US decision to further increase tariffs on Chinese imports, Wang s
aid during a recent interview with news media that the total impact is “controllable”.
The nearly $200 billion of Chinese goods hit by additional US tariffs on May 10 acco
unted for 41.8 percent of China’s US exports in 2018, or 8 percent of its total exports.
improved markedly. Their population has grown fro
rom about 2 million in the 1950s to about 13 million, and their religious rights and practices are protected by the law.
Nor would it adopt a double standard and criticize China’s efforts to counter terrorism and extremism. Last year, tourists fr
om home and abroad paid more than 150 million trips to Xinjiang, thanks to the improved security situation in
the region. That Xinjiang has not witnessed any violent or terrorist incidents in recent years proves the effect
iveness of the joint efforts of the government and local people in maintaining regional peace and stability.
Xinjiang is undoubtedly in its best development stage in histo
ry. Facts speak louder than words, but still they cannot wake up persons pretending to be asleep.
The targeting of Hikvision is just par for the course for the curren
t US administration, which is obsessed with impeding China’s development.
Disaster-proofing the world’s largest infrastructure ini
nitiative is a challenge, but achievable,” she said, adding that at the heart of this challenge lies great potenti
al for innovation and creativity, such as new disaster risk prediction and analysis, and disaster-resilient infrastructures.
Huang Runqiu, vice-minister of the Ministry of Ecology and Environment, said dis
aster risk reduction of natural hazards along the initiative is crucial for its success and sustainability.
Regions at the heart of the initiative, such as the Tianshan-Pamir Platea
u, the Himalayas, eastern parts of the Qinghai-Tibet Plateau and South Asia, are facing serio
us disaster threats due to tectonic movements, fragile ecosystems and extreme weather, he said.
Henrik Slotte, a senior disaster management expert from the UN Environm
ent Program, said poorly managed infrastructure projects can damage the ecosystem.
Learning to work together in an orderly, high trust lev
, and supported by diverse interest groups will prevent conflicts among stakeholders in the South China Sea,” Santarita said.
China is in the midst of implementing a host of reforms, which are focused on opening up its economy to foreign compet
ition and strengthening its private sector. They are needed to upgrade its industries and avoid the dreaded middle-income trap.
Many of these reforms are exactly what the United States is asking for in the trade negotiation
s, but China is actually pursuing these reforms primarily to achieve its own long-term internal economic goals.
He said Asia’s emphasis on “respect for authority, respect for the environm
ent and the discipline to control the use of resources” will also see Asian leaders purs
uing a more eco-friendly development path and honor their commitments to the Paris climate agreement.
“If there is harmony, discipline, stability and the primacy of family and com
munity over the individual, then any problem can be easily addressed,” Santarita said.
hina, International Pavilion big expo drawsing distr
As landmarks of the International Horticultural Exhibition 2019 Beijing China, the China Pavilion and the Inter
national Pavilion are attracting large numbers of visitors thanks to their unique designs and functions.
Covering an area of 5 square kilometers, the expo is being held in the capital’s Yanqing district.
Following the ancient wisdom of the Chinese people, the China Pavilion takes the shape of a green b
uilding that can “breathe” and has “life”, as described on the exhibition’s official website.
Core portions of the pavilion are composed of terraced fields. Fun
ctions of both irrigation and insulation are at play, and th
e fields help reduce energy consumption of the building while also offering heating or cooling functions.
Noting that China has the world’s biggest middle-incom
income population, Xi said that China would open up its market continuously and welcome quality products from around the world.
China does not pursue a trade surplus intentionally, and it would like to import more com
petitive farm products, finished products and services to promote the balance of trade, Xi said.
China will promote greater openness in modern services, manufacturin
g and agriculture, allow foreign capital to hold the controlling share in more areas and buil
d some new free trade pilot zones to further ease market access for foreign capital, he said.
China will speed up making relevant rules and regulat
ions and ensure the implementation of the Foreign Investment Law, Xi said, adding that the cou
ntry will push forward supply-side structural reform through fair competition and international cooperation.
Well-tuned steps urged for poverty eradicatio
President Xi Jinping underlined on Monday the need to shore up areas of weakness and carry out more targeted pove
rty alleviation efforts in building the country into a moderately prosperous society in all respects.
Xi, also general secretary of the Communist Party of China Central Committee and chair
man of the Central Military Commission, made the remark while presiding over the fourth meeting of t
he Central Committee for Financial and Economic Affairs. Xi is head of the committee.
The meeting stressed the importance of achieving targets for poverty alleviation across the boar
d and focusing efforts on areas of extreme poverty, according to a statement released after the meeting.
It is important to tackle the remaining difficulties faced by people still confronting hard
ships in terms of their access to education, medical care, quality housing and safe drinking water after ens
uring that their basic needs for food and clothing have been met, the statement said.
It added that solving prominent environmental pollution probl
ems must be prioritized to ensure periodical targets can be achieved before 2020.
Growth resilience may surprise on the upside in more
?aspects,” he said, adding that besides a growth rate withi
