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Gold prices traded lower to $1,825 on positive vaccine news. With the pace of redemption accelerated recently, gold prices may fall further, according to gold ETF shares.To get more news about WikiFX, you can visit wikifx official website.
Following Pfizer and Modena, AstraZeneca lately announced its Covid-19 vaccine, with a lower cost, could be up to 90% effective. The news has raised prospects for a faster pace of economic recovery and thus less reliance on fiscal stimulus. Since hearing the first vaccine news, gold prices have fallen over 6.5%.
According to the number of ETF shares, SPDR Gold Trust (GLD) saw redemptions outpacing subscriptions, which reflects weaker demand for paper gold.
On the political front, Biden is ready to start the transition process, marking a clearing of post-election uncertainties and catalyzing a further decline in gold prices. Besides, Biden has nominated former Fed Chair Janet Yellen as the US Treasury Secretary, a position in which she may play a critical role in influencing US fiscal and tax policies.
Gold prices have broken a key support level at $1,870 and thus may open the door for further downside potential with an eye on $1,809.
All the above is provided by WikiFX, a platform world-renowned for forex information. For details, please download the WikiFX App: bit.ly/wikifxIN
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Microsoft's delaying one of the most highly anticipated features of its new Windows 11 software. The tech giant said it won't offer Android mobile phone apps on its new app store for PCs when its next iteration of Windows launches on Oct. 5 as a free upgrade for many users. Microsoft didn't give a date for when Android apps will be made available either. To get more microsoft, you can visit shine news official website.
Instead, the software said it plans to offer the new feature, developed in partnership with Intel and Amazon, available in a "preview" test "over the coming months.""We look forward to continuing our journey to bring Android apps to Windows 11," Microsoft said in its short statement on the matter Tuesday.
The move marks the first major setback for Microsoft's upcoming Windows 11 software, which is launching six years after Windows 10 hit store shelves. The new Android app support feature was an important selling point, alongside new visual looks, better organizational tools and improved gaming performance.
Microsoft announced its Android app support in June, saying people will be able to find search for and install Android apps from its Microsoft Store on Windows 11. The apps would be offered through a partnership with Amazon. Before Microsoft made its plans public, there had been a couple of ways to access Android apps on Windows 10, including if you had a Samsung Galaxy phone. But Microsoft's new way promises to make it easier.
"It's just seamless and smooth," Microsoft's Chief Product Officer Panos Panay said when announcing the new feature.
Cultural heritage is becoming a bigger driver in the Chinese market. Consumers are showing more national pride in their own heritage and stories. Brands that engage with these pieces of culture are reaping the rewards.To get more chinese culture news, you can visit shine news official website.
Brands across all categories rolled out campaigns for China's Qixi (七夕) Festival on 14 August. The day celebrates an ancient mythological love story between a cow-herder and a weaver. In modern times, the annual festival has become a Chinese Valentine's Day.
Luxury brands were typically active. Jing Daily reported on 8 luxury brands that won over Qixi Festival shoppers. Valentino, for example, crafted content around modern Chinese romance - in karaoke booths, aquariums and game centres.
Food and beverage brands also got involved. Coca-Cola launched limited-edition flavours around the theme of love, such as chocolate and rose.Florasis is a popular beauty brand in China. Its successful Qixi campaign boosted sales of the brand's eyebrow pencil range.
Florasis' campaign used the story of Zhang Chang, from the historical Chinese Book of Han. The story tells of a notable scholar who often drew his wife's eyebrows for her. Florasis made a short animation based on the story. It then used the hashtag #QixiDrawEyebrows across social platforms. The campaign also invited couples to share pictures and videos to echo the story.
All the while, Florasis widely promoted its eyebrow pencil range. Consumers clicked through to sales touchpoints from social platforms like Weibo, Douyin and Kuaishou.
Tmall data shows that sales from the eyebrow pencil range totalled A$2.35 million in the first 15 days of August. That figure exceeded the total sales for July (A$2.28 million).Australian brands need to study Chinese culture if they are to tap into this success. Chinese consumers have fewer opportunities to experience Australian brands in their home market. As travel restrictions continue, it will be important to engage consumers in relevant, localised ways.
What if we told you that the doctor was actually sitting in Mumbai, and carrying out the scan on the patient who was in Dehradun - separated by about 1,700 kms of the National Highway. To get more ericsson news, you can visit shine news official website.
Sounds impressive? Well, this is now in the realms of immediate possibility as the telecom service provider Vi (Vodafone Idea), using Ericsson's 5G infrastructure, is trialing the power of 5G to reach healthcare to remote parts of the country.This particular 5G trial was carried on the network set up by Vi on the government allocated 3.5 GHz mid band & 26 GHz mmWave band in Pune, using Ericsson Radios and Ericsson Dual Mode Core based on cloud native technology comprising 5G SA, 5G NSA & LTE packet core functions.
It may be recalled that the Department of Telecommunications (DoT) had early this year given the nod to Telecom Service Providers (TSPs) to conduct six-month trials for the use and application of 5G technology in India. Over a dozen telecom firms, both local and from other countries, have gotten the go-ahead.
Bharti Airtel, Reliance JioInfocomm, Vodafone Idea and MTNL, which have tied up with original equipment manufacturers and technology providers like Ericsson, Nokia, Samsung and C-DOT, have been given the permission.The high data speed, low latency and reliability of 5G is now expected to help medical practitioners reach patients and carry out tests and scans in ways that was unimaginable till now.
In a press statement, Jagbir Singh, CTO, Vi said: "Vi has developed a 5G ready network which builds on India's fastest Vi GIGAnet network verified by Ookla. With our 5G trials now, we are leveraging the power of 5G to provide healthcare access to remote parts of the country, amongst a range of other use cases for enterprises and consumers. Speed and latency are critical to 5G services, and therefore, our focus has been to achieve throughputs which can effectively enable relevant 5G use cases for the Digital India of tomorrow."
With the launch of 5G, the digital transformation of enterprises is expected to be accelerated. Further, 5G opens up opportunities for service providers beyond consumers to explore new revenue streams.
"Enhanced mobile broadband and Fixed Wireless Access are expected to be the early use-cases for 5G in India. Over time, we expect more enterprise related use cases to come up leveraging the benefits of 5G in sectors like healthcare, manufacturing, education etc," Amarjeet Singh, Vice President, Ericsson said. Ericsson and Vi have set a flexible Dual Mode Core in Pune to help enterprises leverage the network to test out remote video monitoring, telemedicine during the ongoing trials.
Ericsson's 5G Business Compass report estimates the total 5G-enabled B2B opportunity for Indian operators, across 10 industries, would be $17 billion by 2030. The top industries that are expected to leverage 5G for their digitalization include healthcare, manufacturing, energy and utilities, automotive and public safety.Meanwhile, Vi has also partnered with Nokia to trial 5G services through E-Band in areas where fiber is challenging to deploy.
While her latest tentpole Red Notice is set for its big Hollywood premiere tonight, Gal Gadot looks to have found her next project that is sure to be the fairest of them all. Sources tell Deadline that Gadot is in final negotiations to play the Evil Queen in Disney's live-action adaptation of Snow White, the one that started it all for the studio's legendary slate of animated features. Rachel Zegler is set to play the titular character, with Marc Webb directing and Marc Platt producing. Production is expected to start in 2022.To get more disney latest news, you can visit shine news official website.
The original Snow White and the Seven Dwarfs cartoon, based on the Brothers Grimm fairytale, was released in 1938. It was Disney's inaugural animated feature and became a massive success for the studio. Insiders say the live-action film will expand upon the story and music from the original. Benj Pasek and Justin Paul, the Oscar- and Tony-winning duo behind La La Land, The Greatest Showman and Dear Evan Hansen, will write new songs for the movie. A big reason the studio has taken its time on this adaptation is making sure it gets the music right, and insiders say the higher-ups are excited with what Pasek and Paul have come up with following early returns.
While casting for Snow White was long and thorough, studio execs always had their eye on Gadot for the role that started it all when it comes to classic Disney villains. Gadot was also intrigued at the opportunity of joining stars like Angelina Jolie and Cate Blanchett, who previously played iconic villains from the Disney vault. After scheduling was worked out, a deal closed this week.
Speaking of that busy dance card, Gadot has stayed on top of it over the past year with Wonder Woman: 1984 bowing last Christmas. Red Notice, which also stars Dwayne Johnson and Ryan Reynolds, bows on Netflix on November 12. She is also developing Cleopatra at Paramount, which she is producing. She can also be seen in Death on the Nile and is shooting Netflix's Heart of Stone.
Shanghai is an international metropolis with a blend of rich history and fashionable modernity. Following our Shanghai tours, one can feel the vigor and prosperity of this city from the museum to Yuyuan Garden then to the thriving Bund area. A short cruise on the Huangpu River is also a fantastic experience. Nearby water towns are unique and well worth a visit to round off your trip. Here lists Shanghai Travel Tips.To get more news about Shanghai travel tips, you can visit shine news official website.
Shanghai enjoys the subtropical marine monsoon climate, with distinct season differences, spring is warm, summer burning hot, autumn cool and comfortable while winter cold and cloudy. The hottest days in Shanghai come in Judy to August, with the highest temperature above 35 C (95 F). The coldest time is from the late January to early February. The best travel time to Shanghai is in spring and fall.
Violent crime is rare is Shanghai but some little crimes like pick-pocketing, bike theft and sexual harassment was occasionally. Pay attention to over friendly strangers, who probably dress well, speak fluent English, around the People's square, and entrances/exits of museums or art galleries who invited you to art gallery, tea shop or karaoke and you're unlikely to be physically harmed by will be forced to big a large bill for a simple bear something similar. Call 110 if you encounter such situations and the Chinese police would be of help.
Another scam happening in temple area, you will be lied and make a wish, burn an incense which ends up with hundreds or thousands of money; but the trick also comes directly like being asked how much you want to donate. Legitimate temples in Chain ever charge followers in this way.
Don't rush into or out of Shanghai metro trains in the last moment since the train doors will close before all passengers have boarded.
Shanghai Shopping Tips
Enjoying the reputation of "Shopping Paradise" and "Oriental Pearl", Shanghai offers great shopping chances with famed shopping "Four Streets and Four Cities". Nanjing road is the most prosperous street with a wide variety of shops from century's old, special shops or modern malls; Huaihai Road is celebrated for top-end designer's brands worldwide; North Sichuan road offers inexpensive merchandise while Middle Tibet Road is famed for food and tourism-related service.
The Four Cities for shopping in Shanghai are Yuyuan Shopping City, Xujiahui Shopping City, New Shanghai Shopping City nd Jiali Sleepless City, among them, Yuyuan is the place for specialist Chinese goods like antiques, local crafts, jade wares and jewelry;Xujiahui is the newly-built shopping and entertainment venue, offers costly and middle-priced goods; New Shanghai Shopping City offers the best facilities and amenities and Jiali Sleepless City facing Shanghai Railway Station, and on the Subway line 1, is a bustling commercial area.
There are still other streets and areas worth a visit in Shanghai like Hong Kong Famous Shops Street and Dimei Shopping Center beneath People's Square and Xiangyang Road; and the street vendors everywhere offers some great buys and don't forget to bargain.
Shanghai cuisine is derived from simple home cooked meals and their ingredients and cooking technique have been upgraded overtime to become the wonderful foods that they are now. Characterized by some as sweet and oily, and the most popular dishes like Shanghai Crawfishes, Xiaolongbao, Guotie, tangyuan, Guotie, new year cake, freshwater crab, shark's fin, dim sum, pear candy, etc. during your Shanghai trip. Xiaolongbao is known as "soup dumplings", a great-known shanghai specialty, which could be found cheaply on the street either fried or steamed on the street or at some Shanghainess restaurants. Be care about your first bite to prevent the squirt of liquid falling on your clothes.Recommended Shanghai restaurants are Maylinge Restaurant, the Zun Pin Shao Cai Gong Fang Restaurant (near Jing An Temple), and the Paul Restaurant.
Shanghai has the most colorful nightlife & entertainment activities in China, with cinemas showing foreign and Chinese films, and theatres featuring opera, dance, drama, acrobatics and puppets. The famous shows include Huangpu River Cruise, Acrobatic Show, and Shanghai Circus World and so on.
Xintiandi is the hottest new entertainment place for tourists to appreciate the history and modern life of Shanghai, also a popular venue for meeting local citizens and foreign visitors. The design of the house in Xintiandi area is attractive, known as the Shikumen style, looks unique; it consists of a wide range of international gallery, bars, cafes, boutiques as well as restaurants.
There are several interesting festival in Shanghai, like the Shanghai Tourism festival, comes in the second Saturday in September on Huaihuai Road, with kinds of funny activities held, such as the floats parade, a square concert, the display of international music fireworks, the German Beer Festival, the Rose Wedding, parachute-jumping performances (known as "ballet dances" in the air), exchanges between Chinese and foreign tea cultures, international tourism symposiums, and the showcase of the culture and art of A Dream of Red Mansions (a classical novel). In addition, Shanghai also promotes a series of tourism projects, such as being a Shanghai citizen for one day, looking for the roots in Shanghai, and taking a boat tour on the Huangpu River at night.
Plans by the ruling Chinese Communist Party (CCP) to extend compulsory Mandarin teaching to preschoolers across the country are part of an ongoing process of "cultural genocide" in the northern region of Inner Mongolia and in other regions of China with specific cultures, commentators told RFA on Wednesday.To get more china art news, you can visit shine news official website.
Starting from the fall semester of 2021, kindergartens in ethnic minority and rural areas that aren't already using Mandarin for childcare activities must begin to do so, according to a recent directive from the ministry of education.
The government is also launching a nationwide "batch training" scheme for kindergarten teachers to ensure a sufficient supply of qualified staff to meet the new demand.
The move is aimed at "enabling pre-school children in ethnic minority and rural areas and rural areas to gradually acquire the ability to communicate at a basic level in Mandarin, and to lay the foundations for the compulsory education phase," the directive said.
Yang Haiying, a professor at Japan's Shizuoka University, said the move is part of CCP general secretary Xi Jinping's plan to extend the CCP's political agenda from cradle to grave."I think that this is part of Xi Jinping's cradle-to-grave agenda, one that he is now eager to complete by September," Yang told RFA.
"He has already claimed to have lifted China out of poverty, and now he is trying to unify the Chinese nation culturally, too," he said. "That means linguistic unity, according to his beliefs.""This approach was successful in Inner Mongolia last year, through the use of comprehensive suppression [of opposing voices]," Yang said.
Plans to end the use of the Mongolian language in schools in China's northern region of Inner Mongolia sparked weeks of class boycotts, street protests, and a region-wide crackdown by riot squads and state security police in the fall of 2020, in a process described by ethnic Mongolians as "cultural genocide."The government has also introduced similar changes to the national curriculum that will phase out Korean-language teaching from schools in northeast China, which is home to a population of roughly 2.3 million Koreans, the largest population outside of the Korean Peninsula, of whom just under two million are Chinese nationals of Korean ethnicity.
In the northwestern region of Xinjiang, at least one county in northwest China's Xinjiang Uyghur Autonomous Region (XUAR) no longer offers Uyghur language instruction to students, officials told RFA in January 2021, despite being home to a mostly Uyghur population.
Meanwhile, Tibetan parents of affected children have told RFA that keeping young Tibetans away from their culture and language would have severe negative consequences for the future.
Language rights have become a particular focus for Tibetan efforts to assert national identity in recent years, with informally organized language courses in the monasteries and towns typically deemed "illegal associations" and teachers subject to detention and arrest.
The "education for national unity" policy has been traced back to a September 2019 speech by ruling Chinese Communist Party general secretary Xi Jinping, who told a conference on national unity: "The Chinese nation is one big family, and we will build the Chinese dream together."
Ethnic Mongolian scholar Khubis said previously Mongolian-medium kindergartens in the capital of China's norther region of Inner Mongolia have already begun to allow Han Chinese children to enroll.
"There were still a few Mongolian-medium schools and kindergartens left in Hohhot, because [previous] leaders supported Mongolian kindergartens when they were in power," Khubis said.
"But when kindergartens open in September, local Han children will all be allowed to enroll in Mongolian-medium kindergartens," he said. "With Han Chinese children coming in, the language used will naturally switch to Mandarin."
Chinese internet and media regulators are pledging to come down hard on "unhealthy" online fan groups as supporters of pop star Kris Wu took to social media to vehemently defend him against allegations of rape.To get more fashion news today, you can visit shine news official website.
The Central Commission for Discipline Inspection - the ruling Chinese Communist Party's disciplinary watchdog - said Thursday that the Cyberspace Administration of China, the internet regulator, has shut down 1,300 fan groups, disabled 4,000 online accounts, and removed more than 150,000 "toxic" remarks in a recent crackdown against "unhealthy" celebrity fan culture.
"The chaos in celebrity fan clubs, exposed by the ‘Kris Wu' incident, reflects that bad fan culture has reached a critical moment that must be corrected," the agency said, adding that "fan club" culture is "crazy" and "devil-possessed."We must cut off the black hand of the capital - and curb the wild growth of the entertainment industry, " the agency said.
The government's criticism of misused capital and the entertainment industry echoes its broader clampdown on the private sector. As President Xi Jinping increasingly emphasizes the ruling Communist Party's dominant role in every aspect of China's economy and society, regulators have targeted tech, education and other businesses with fines and restrictions. They've blamed private capital for everything from contributing to risks to data security and education inequality to threatening social stability.
China's National Radio and Television Administration - the country's top media regulator - has added to the scrutiny on celebrity media culture, saying earlier this week that it would spend a month clamping down celebrity variety shows that it accused of cultivating "star worshiping." It didn't specify in great detail how it would accomplish that, though.
Wu, one of China's biggest pop stars, was detained earlier this month by Beijing police. Authorities said that the 30-year-old artist has been accused of "repeatedly seducing young women into having sex," adding that the case is still under investigation.CNN reached out to Wu's representatives earlier this week but did not receive a response. He denied the allegations on his personal Weibo account last month, and his company at the time announced it was pursuing legal action against a woman who accused him of assault, calling the accusations "malicious rumors."
His once wildly popular social media accounts - including a Weibo account with more than 51 million followers - have been taken down. Louis Vuitton, Bulgari and other major luxury brands also cut ties with him last month as the allegations surfaced.
The incident triggered a social media firestorm in China. Many on social media voiced support or expressed thanks to a woman who, posting last month under the verified handle "Du Meizhu," alleged she was sexually assaulted by Wu when she was 17.
But many of Wu's fans also came to his defense. Fan groups called on brands to give Wu "another chance." The disciplinary agency held up several examples of what it described as extreme action from fans, including calls to fundraise for Wu's legal proceedings or break him out of detention.
The disciplinary agency also accused celebrity fan clubs of manipulating children into hurling verbal abuse, inciting violence and encouraging them to show off their wealth or extravagance.
Thursday's statement added to growing scrutiny on the media and online fandoms, and it reflects the government's longstanding, aggressive desire to regulate fan groups and the entertainment industry. Beijing has long been wary of the rise of celebrity worship culture and has made clear that celebrities need to be inoffensive in public to stay in their good graces.Douyin, the Chinese version of TikTok, said earlier this week it has removed 2.4 million abusive comments and nearly 8,000 videos by celebrity fans since June. And Kuaishou, Douyin's major rival in China, said last weekend that it had banned more than 100 accounts in its own crackdown on celebrity fan clubs since June 15.
Even before the Wu case, authorities were criticizing the space. The Cyberspace Administration of China said in June that irrational fan behavior has "destroyed the online environment and is adversely affecting the physical and mental health of minors."
Shanghai is a bright, vivid, international city that holds a lot of attractions for visitors. There are numerous amazing places to visit in Shanghai that are both familiar and foreign enough to enthral any visitor. Whether you're traveling to eat amazing food, shop until you drop, or to experience the history of a place, you'll find lots to do in this city.To get more news about China scenic spots, you can visit shine news official website.
Shanghai is a little intimidating for many visitors. If you haven't spent much time in Asia, it's a busy, chaotic, and very foreign place that can be difficult to navigate. But that's why we're here to help. Whether it's your first trip to this city, or if you're back for more, our guide to the city will help you overcome your nerves and language barriers and help you get the most from your visit.
If you're also wondering what the low down is on accommodation while you're away, don't worry! We've got this covered for you too. Check out the bestplaces to stay in Shanghai to find somewhere to meet your needs after a long day out exploring the vibrant hustle and bustle of this dazzling city.
Why it's so awesome: The Bund is more correctly known as Zhongshan Lu in Chinese and is a broad promenade running along the west bank of the Huangpujiang River. There is a strong European influence in this area, and many of the buildings wouldn't look out of place in some of Europe most popular capital cities! You'll see Gothic, Baroque, Neoclassical, Romanesque, Art Deco, and Renaissance influences all over this street. And it's also home to some of the best restaurants in the city.
What to do there: When you're visiting Shanghai, you absolutely must take a stroll along the Bund. One of the best times to do this is at night, when the buildings across the river are lit up in a dazzling array of colors. Take your time during your stroll and duck into the many boutiques and galleries along the way. And when you get hungry, pick a restaurant that looks busy and duck in for a snack! Shanghai is an international city, so everywhere you go should have an English menu or at least one with pictures on it.
Why it's so awesome: This temple and pagoda in their current forms date back to around the tenth century. It's still an active temple and is used for Buddhist ceremonies and worship, so make sure that you're respectful when you go there. The Temple includes five large halls, each of them dedicated to different important religious figures and containing different decorations.
What to do there: Remember that this is a working temple, so be quiet and respectful when you explore it. Make sure you spend some time in the Maitreya Hall, which contains a huge Buddha statue and the Grand Hall of the Great Sage, which contains amazing statues and a 16th-century bell. If you're physically able, check out the Belltower as well, which contains a five-ton bell from 1382. The Library too is an impressive sight if you enjoy books, complete with old manuscripts, ceremonial instruments, and around 500 gold painted Luohan Buddhas.
Why it's so awesome: This street has existed since the second half of the 19th century and is a major focal point for important events in Shanghai. It's filled with small shops, boutiques, restaurants, cinemas, shopping malls, and street vendors. So, no matter what you're looking for when you travel to Shanghai, you'll probably find it in this area!
What to do there: Grab your credit card and your cash and be prepared to spend some money. This area is always busy, so you'll have to be ready to deal with the crowds, but it also makes for a great day out window-shopping and people watching. Shop until your cards can't take anymore and then duck into one of the nearby restaurants for fortifications. And if you want to sit down for longer, see what's on at the cinema. Also, make sure you keep an eye out for street performances, which can really liven up the already busy street.
Why it's so awesome: This garden was first laid out in 1559 and includes more than 20,000 square meters. It has an inner and outer garden as well as a number of buildings that hold both historic and aesthetic appeal. There's more to see at these gardens than just plants. The buildings are also lovely to look at and decorated with dragons and other interesting reliefs and there are also attractive pavilions throughout the gardens.
What to do there: When you travel to Shanghai, you'll need a place to rest and recharge. And this is a great place to do it. The gardens are beautiful and serene, so spend some time there and soak up nature. Make sure you check out the Hall of Spring where the Company of the Little Swords headquartered when they ruled Shanghai between 1853 and 1855. The artificial rocks in this part of the garden are the only remnants of the work of famed garden designer Zhang Nanyang.
Why it's so awesome: Located in the Anyuan Lu district, this temple was erected in 1928 to replace the original temple from 1882. This is an important religious site in China, dedicated to the Buddhist faith and with connections to the monk Huigen. The different statues and buildings in this area are stunningly beautiful, and after a wander in this area, you'll start to understand the importance of spirituality in China today.
What to do there: Make sure you take the time to really explore the different sections of this Temple. The Hall of the Kings of Heaven or Tian Wang Dian is particularly spectacular. It contains statues of the four heavenly kings and two Shakyamuni sculptures carved from white jade and standing nearly two meters tall. Also, make sure you spend some time in the Hall of the Great Hero, where you'll see Buddhas of the Three Ages and 18 Luohan figures.
1. It is better to go to Shanghai in the spring. The weather is very comfortable here at this time. In addition, there are not many tourists here at this time of year. The main influx of them begins in June. In addition, you can get to the cherry blossom blooming season in March. Yes, you can see trees completely covered with white and pink flowers not only in Japan.To get more news about Shanghai travel tips, you can visit shine news official website.
2. It is not recommended to go here in the summer. A huge metropolis turns into almost a 24-hour sauna due to the numerous skyscrapers and the heat. The air is getting pretty dirty. Most likely, you will have to wear a mask on the street. It's pretty cold here in the winter. Please note that heating is not provided in the houses. You will have to warm up with the help of air conditioners here.
3. It is convenient to move around the city by public transport. Metro and buses will take you almost anywhere in Shanghai. However, it is worth remembering that the metro is open until 22.30. If you want to go somewhere after this time, then you will have to look for an alternative.
4. You can take a taxi on the street here. Please note that the checkers of the free car glow green. The cost of the trip is calculated on the counter plus $2 for boarding.
5. You can also rent a car. However, it is not recommended. First, you need to follow a number of rules to use a rented car. Accompanying you with a guide-translator is one of these rules. Secondly, local drivers and pedestrians almost do not observe traffic rules. You will have to be careful not to get into a traffic accident.
6. Shanghai is a very safe country. It's almost impossible to face some serious crime here. However, it is recommended to take care of pockets and handbags on busy streets. This is due to the fact that petty theft still occurs.
7. It is better to choose options that are close to metro stations when choosing a hotel. This will allow you to get to the sights quickly. Most of the hotels and tourist facilities are located on the west shore of the Huangpu River. This area is called the Puxi. Pudon is located on its eastern shore. This is the business center of the city. Housing prices are significantly higher here.
8. If you plan to make purchases in Shanghai, keep in mind that the prices for equipment and clothing are quite high here, unlike other cities in China.
9. Products can be bought in supermarkets. However, there are also features here. For example, the cost of fruit is indicated for 500 g. Eggs are sold by the piece in the local supermarkets. You will not find dairy products easy here. However, this is specific in many Asian countries.
10. Language difficulties may occur during the trip. Not many locals speak English. However, you will find price tags in English in some stores. All inscriptions in the metro are also duplicated in English. Of course, this will be ideal if you find a guide to accompany you on the Internet in advance. This service is very popular in China.
11. Keep in mind that there are a huge number of people here. You will have to adapt to moving in a dense crowd on the streets. Locals, for example, do not hesitate to push passersby with their elbows to clear the way.
12. A traditional breakfast with coffee, scrambled eggs or toast is not served in most hotels. Most likely, you will see Chinese noodles and wontons on the table. If there is coffee, it will be sweet and with milk.
13. It is allowed to smoke in restaurants and cafes here. It is not forbidden to do this even in the hotels.
14. There is Internet in most hotels. However, the traffic is low. You will hardly be able to call on Skype or to watch a movie online.
15. Credit cards are not accepted everywhere. Therefore, be sure to have cash.
16. Food is generally safe here. The main thing is not to forget about hygiene. Be sure to wash your hands before eating. You shouldn't drink tap water. Be sure to buy bottled water.
Chinese dissident artist Badiucao opened his first solo show in the northern Italian city of Brescia on Saturday, with works criticizing China's human rights record.To get more art in the news 2021, you can visit shine news official website.
Chinese officials tried to put pressure on the city to cancel the event - but organizers went ahead anyway in a bid to "support freedom of expression."
What makes it so controversial?
The exhibition, which bears the title "China is (not) near - Works of a dissident artist," is on display at the Museum of Santa Giulia.
"Because my art is always focusing on human rights issues in China ... it makes me almost the type of No. 1 enemy,'' Badiucao told reporters.
"So that is why, for me, it is really hard to actually having an exhibition in an established gallery, a museum like this," he added.
One of the more provocative works is a hybrid portrait of Chinese President Xi Jinping and Hong Kong chief executive Carrie Lam - highlighting the decline of rights in the former British colony.There is also a series of 64 paintings of watches that the artist created with his own blood. The work references the watches given to Chinese soldiers who took part in the brutal Tiananmen Square massacre in 1989.
The exhibition also includes a torture device that has been re-designed as a rocking chair. For the first few days of the exhibit, Badiucao will sit in the torture chair and read from a diary that was sent to him by a resident in Wuhan. The work details 100 days of records from the early stages of the coronavirus pandemic.
"Anyone who tried to tell the truth or some story different from China's government's narrative would be punished," Badiucao said.
He put out an appeal on social media for people in Wuhan to share their stories, saying: "I'd like to share the burden and risk with you, if you trust me you can send your information."Ahead of the show's premiere, China urged Italian officials not to let the exhibition go ahead.
The Chinese Embassy in Italy sent a letter to the city of Brescia, issuing veiled threats concerning Italy's trade ties with China.
Badiucao's works are "full of anti-Chinese lies" that "jeopardize the friendly relations between China and Italy," the embassy wrote in its letter.City officials and museum curators, however, pressed forward with the plans for the show.
"None of us in Brescia, neither in the city council nor among the citizens, had the slightest doubt about this exhibition going ahead," Deputy Mayor Laura Castelletti told news agency AFP.
Still, museum officials wanted to emphasize that exhibition "has no intention of offending the Chinese people or Chinese culture and civilization", the president of the Brescia Museums Foundation, Francesca Bazoli, said.
Beijing's widening clampdown on big technology firms sparked a major sell-off in their shares this week. The Nasdaq Golden Dragon China Index of nearly a hundred Chinese firms listed in the US plunged 13% at one point.To get more finance news China, you can visit shine news official website.
The rout followed the announcement of tough new regulations aimed at reining in the power of the country's billionaire entrepreneurs amid growing insecurity within China's Communist Party.The curbs have prompted questions about why the Asian powerhouse is taking such a hard line now, when its economy is only just recovering from the coronavirus pandemic.
One of the most recent interventions came last weekend when a band of popular education companies was ordered to stop profiting from the private tuition of millions of Chinese students. The shares of the three largest US-listed Chinese tuition firms TAL Education, New Oriental and Gaotu Techedu plummeted by 65-70% on the announcement.Earlier this month, ride-hailing app Didi was banned from Chinese app stores just days after its New York initial public offering (IPO), amid concern that user data could fall into foreign hands. Didi's shares lost $17 billion (€14.31 billion) in value in a week. Food delivery platform Meituan was this week ordered by Beijing to comply with new labor protection rules that sparked a 30% sell-off in its shares.
Investigations and new regulatory hurdles have become commonplace over the past year as President Xi Jinping tightens his grip on power. The most publicized was the halting in November of the IPO of Ant Group, which owns China's largest digital payment platform Alipay. Ant's founder Jack Ma - who is also co-founder of e-commerce giant Alibaba - was forced to lay low for several months after the billionaire criticized the new regulatory curbs.
Jacob Gunter, senior analyst at the Berlin-based Mercator Institute for China Studies (MERICS), noted that policymakers have threatened tougher regulations for some time and clearly believe that the post-pandemic era is the ideal time to carry out the reforms.
"These moves all indicate one overarching trend; China's leaders seem increasingly comfortable with accepting considerable economic damage in order to achieve non-economic goals," he told DW.Gunter thinks the likes of Ant, Didi and gaming giant Tencent make perfect scapegoats that will help to force other tech firms to toe the line.
"Cracking down on a few major tech companies is a really good way to send a message to the entire business community that policymakers are taking this very seriously," Gunter said. "I don't think they want to destroy Ant, Alibaba or Didi. The state just wants to have better control over them."
Investors take flight
The crackdown has left global investors reeling. They believed that the US - not Beijing - wanted to obstruct China's impressive growth path by launching a trade war.Two decades of sometimes double-digit economic growth, along with expectations that China will soon overtake the US as the world's number one economy, has boosted confidence in the future earnings of Chinese-listed firms.
"Let's not kid ourselves, most of the decision-makers on Wall Street are not China experts and certainly not in the field of Chinese policymaking," Gunter told DW. "They would do well to read up on the Xi Jinping Thought."The term, first coined in 2017, refers to the writings and speeches of the Chinese president, which among other things, seeks to ensure the Communist Party leadership has a strong hand in all activity within China and that the country prioritizes "socialism with Chinese characteristics."
It may surprise investors to know that the Party has been advocating since last year "the prevention of disorderly expansion of capital" amid concerns about the way that Chinese entrepreneurs have amassed huge wealth so quickly.
The huge financial losses - in some cases, halving the net worth of the start-ups' owners - may well be short-lived. Some analysts believe the recent sell-off is a huge bargain-hunting opportunity.On Thursday, Hong Kong's Hang Seng index - where many mainland startups are listed - rebounded after a strong sell-off earlier in the week. The Nasdaq Golden Dragon China Index also ticked up again.
Novartis on Wednesday won Food and Drug Administration approval for a genetic drug that can powerfully lower cholesterol with just two injections a year, one that it hopes could be widely used to lower the risk of heart disease complications.To get more latest news on novartis, you can visit shine news official website.
Called Leqvio, the drug works similarly to approved cholesterol-cutting medicines from Amgen and partners Sanofi and Regeneron, and comes with similarly high sales expectations as those drugs did upon arriving on market six years ago.
All three treatments target a protein, or the genetic instructions encoding for it, that slows the removal of so-called bad cholesterol from the blood. With Leqvio's approval, each is approved for people with heart disease who can't bring their cholesterol levels down enough by using older generic drugs known as statins, or those who have genetically high amounts.Leqvio's edge may lie in convenience. While Amgen's and Sanofi and Regeneron's drugs are typically given once or twice a month, Leqvio can be administered just twice a year after two injections in the first three months.
Novartis, which spent nearly $10 billion to buy the biotech developer of Leqvio two years ago, envisions the drug will be used in doctors' offices during regular visits, potentially helping patients stay on the drug and avoid heart complications that can become more likely if cholesterol is uncontrolled. Repatha, Amgen's drug, and Praluent, Sanofi and Regeneron's, are self-administered.
"We saw that there were extreme challenges with adherence," Victor Bulto, Novartis' head of U.S. pharmaceuticals, said of Repatha and Praluent. "We strongly believe that Leqvio, twice a year, will address the adherence challenges they had."
But the obstacles faced by Repatha and Praluent, which both disappointed commercially, involved more than just adherence. Their makers set unexpectedly high prices at launch that sparked widespread insurer resistance to covering them widely.
Moreover, long-term results from clinical trials showed the drugs didn't prevent heart attacks, strokes and deaths as well as many experts had expected based on their ability to lower cholesterol. Compared to placebo, both Repatha and Praluent reduced the risk of so-called major adverse cardiovascular events by about 15%.
That data, which emerged two years after the drugs were approved in 2015, led first Amgen and then Sanofi and Regeneron to deeply cut the price of their respective drugs.
With that history in mind, Bulto said Novartis has prepared for Leqvio's launch by working with 200 major U.S. health systems to identify patients who might qualify for treatment and select them based on their risk. It's similar to the "population health" approach the company has taken with the U.K.'s National Health Service, which signed a pact with Novartis to treat 300,000 people with Leqvio at a price that neither side disclosed.
Michael Sherman, the top doctor at New England-based health insurer Harvard Pilgrim Health Care, said Leqvio could help patients keep on treatment.
"People don't like self-injecting for something that doesn't have symptoms," like heart disease, Sherman said in an interview before Leqvio was approved. "Having something less frequent is game changing. I think it offers an opportunity for greater value."
Novartis priced Leqvio at $3,250 per dose for U.S. sale, meaning the first year of treatment will cost $9,750 and subsequent years $6,500. That's slightly higher than the $5,400-per-year price that the Institute for Clinical and Economic Review, a watchdog group on drug costs, said would be cost effective for Leqvio when used broadly, but lower than the $10,000 estimate for patients with rarer, genetically driven high cholesterol. Novartis plans to work with heart doctors to ensure they are comfortable seeking reimbursement from Medicare, which will cover many of the patients needing Leqvio, Bulto said. As an in-office procedure, Leqvio injections will be covered under the program's Part B, which requires physicians to buy a product and then bill Medicare after it's used. Cardiologists, who typically prescribe self-administered drugs, are less familiar with the Medicare procedures than cancer doctors, who are accustomed to giving patients injectable drugs like chemotherapy, Bulto said.
In the largest acquisition in its history, Ericsson is diving deep into the Communications Platform-as-a-Service market with its $6.2 billion acquisition of Vonage with plans to take its API and 5G capabilities to the next level.To get more latest news about ericsson, you can visit shine news official website.
"Imagine putting the power and capabilities of 5G, the biggest global innovation platform, at the fingertips of developers," said Ericsson CEO and President Börje Ekholm in a statement. "Then back it with Vonage's advanced capabilities in a world of 8 billion connected devices. Today we are making that possible."
Ericsson predicts that the deal will deliver revenue synergy opportunities, including white labelling and cross-selling of the combined portfolio, of approximately $400 million by 2025.
The goal is to vastly expand Ericsson's wireless enterprise global footprint, spearheaded by adding Vonage's cloud-based Vonage Communications Platform (VCP), which serves over 120,000 customers and over one million registered developers. Specifically, the API platform within VCP allows developers to embed communications-such as voice, video and messaging-into applications and products without the need for back-end infrastructure or interfaces.
"Network APIs are an established market for messaging, voice and video, but with a significant potential to capitalize on new 4G and 5G capabilities. Vonage's strong developer ecosystem will get access to 4G and 5G network APIs, exposed in a simple and globally unified way. This will allow them to develop new innovative global offerings," said Ekholm. "Communication Service Providers will be able to better monetize their investments in network infrastructure by creating new API-driven revenues. Finally, businesses will benefit from the 5G performance, impacting operational performance, and share in new value coming from applications on top of the network."
Combining Vonage's customer base and developer community with Ericsson's network expertise, 26,000 R&D specialists and global reach, the companies plan to create new opportunities to accelerate strategies and innovation. This includes accelerating enterprise digitalization and developing advanced APIs made possible by 5G.
Ericsson said these APIs can be applied to help ensure the quality of critical services like telemedicine, immersive virtual education and autonomous vehicles over wireless.
Vonage CEO Rory Read said the convergence of the internet, mobility, cloud and 5G networks is forming a digital transformation and intelligent communications "wave" that is changing the way businesses operate.
"The combination of our two companies offers exciting opportunities for customers, partners, developers and team members to capture this next wave," said Read in a statement.
With enterprise demand for programmable networks increasing, CPaaS solutions can help by democratizing network access by offering API enabled communications services. The fast-growing CPaaS market is expected to reach $22 billion by 2025, growing at 30 percent annually, Ericsson said.
The transaction is expected to be completed within the first half of 2022.Looking at the financial terms of the deal, Ericsson will acquire all of Vonage's outstanding shares at an all-cash price of $21 per share.
Vonage will become a wholly owned subsidiary of Ericsson and will continue to operate under its existing name. The Holmdel, N.J.-based communications specialist captured $1.4 billion in sales from September 2020 to September 2021.Vonage's 2,200 employees will remain with the company and the Vonage's CEO Read will join the executive team of Ericsson, reporting to Ekholm.
It was March 2017, and Larry Fine was on a Disney vacation in Orlando when his heart attacked him.To get more latest news on disney, you can visit shine news official website.
He had a big brunch, and watched The Muppets Present ... Great Moments in American History show. After a close family vote, Fine and his family decided to go back to the hotel for a rest.
That decision might have saved his life."So if we'd stayed in the park, and were running around, I might not have noticed that my heart was attacking me," Fine said.
He was lying in a pirate-themed hotel bed trying to take a nap, and his heart would not stop racing. And the beat felt irregular too.He went to an emergency department near Disney and ultimately needed open-heart surgery: a quadruple bypass. The ambulance ride to the downtown Orlando campus was the most stressful.
"They were trying to decide whether they had to like run the sirens and call ahead to get me into surgery immediately," Fine said. "And I was kind of freaking out."In local medical circles, there's a slang term for what happened to him. A nurse told Larry he had "failed the Disney stress test."
"He explained like, it was not uncommon for people to come in with heart issues who happened to have been in the park," Fine said.Disney declined an on-tape interview for this story. But in a statement, Disney said people have heart problems on vacation all over the world - Disney just happens to get a lot of visitors.
A record 75 million tourists visited Orlando in 2019 before COVID-19. The pandemic dropped those figures by 53 percent, but early indications are that tourism is rebounding.Honestly, we don't know how many people fail the Disney stress test. Anecdotally, it's common."Oh yeah, everybody knew that you're going to eventually go to the parks for something like that because it happened all the time," said former Orlando paramedic Josh Granada.
Through a public records request, we do know the fire departments in Orlando and Orange County were called Universal Studios, Sea World and Aquatica about 150 times in 2019. That does not include Disney - which has its own ambulance service not included in that count.Granada said when he worked at the firehouse closest to the theme parks, they would have to go at least once a shift. Most often, the calls were for patients who passed out.
"These are sedentary individuals, usually at their homes," Granada said. "And then now they take a vacation and they're all of a sudden gonna like walk five miles in a day and not drink enough water to sustain that. I mean, it's a recipe for disaster."
Dr. Gul Dadlani is the chief of cardiology at Nemours Children's Hospital and the former president of the American Heart Association's Orlando chapter.
Dadlani points to a couple risk factors: vacation stress, an increase in exercise, dehydration from the heat. And then there's the takeout diet loaded with salt.
There are more than 30 million people in the U.S. with some form of heart disease.
"These people are coming and visiting Central Florida. And as they come, they come with some inherent risk," Dadlani said. "And as their lifestyle changes when they arrive based on again, stress, exertion, diet, dehydration from the heat, all of those can play factors."
He said another common reason people fail the Disney stress test is because of an irregular heart rhythm called atrial fibrillation, or AFib. People forget to bring their medicine on vacation, and then drink alcohol - which can induce a run of AFib.
To have a better travel experience in Shanghai, here are some useful Shanghai travel tips which may be helpful for your Shanghai tour. When plan your trip to Shanghai, view our answers to questions about Shanghai travel to get a better understanding of Shanghai. To get more news about Shanghai travel tips, you can visit shine news official website.
What to Wear in Shanghai
Spring(March-May): It is necessary to wear sweaters and coats. What's more, the lighter clothes shall be prepared in case of warmer days.
Summer(June-September): When you choose to come to Shanghai in summer, it is necessary to carry a raincoat or an umbrella because the rainy season of Shanghai occurs in summer. It is suitable to pack skirts, shorts, T-shirts and other summer clothes. What's more, the sunglasses and sunscreen are necessary to appear in your luggage.
Autumn(October-November): If you choose to come to Shanghai in autumn, it is necessary to pack long-sleeve T-shirts, sweaters, coats in case of the cold days.
Winter(December-February of the next year): When you choose to come to Shanghai in winter, the thick sweater, thick coat, warm trousers are necessary to appear in your luggage. What's more, sometime when a cold snap hits Shanghai, it is necessary to wear a down jacket.
How to Get to Shanghai
Shanghai Transportation, to some extent, is strongly linked to Shanghai Tours. As the most developed city in China, Shanghai has the best transport network compared with other cities in China. At present, the main transportation modes in Shanghai are airplane, trains, buses, ships and so on. What's more, Shanghai Port is an important hub in China.
Shanghai has an extensive public transport system, largely based on buses, trolley buses, taxis, and a rapidly expanding metro system. Shanghai has invested heavily in public transportation before and after the 2010 World Expo, including the construction of the Hongqiao Transportation Hub of high-speed rail, air, metro and bus routes. What's more, all public transport can be paid by using the contactless Shanghai Public Transportation Card.
Note: Due to the large number of one-way streets, Shanghai buses tend to have different routes. If you are going to return on the same road, it is best to find out what the returning station is before getting off the bus.
Shanghai Food
Although Shanghai Cuisine is not regarded as one of the eight famous Chinese Cuisines, the Shanghai cuisine has gradually developed into the unique Shanghai-style dish system due to the long-term coexistence and mutual influence of Shanghai local and foreign dishes. With the population of more than tens of millions, as the biggest city in China, Shanghai is the nation's street food epicenter.
Shanghai Shopping
Known as the "shopping paradise", Shanghai has always been a gathering place for foreigners due to its special geographical location and historical background. Various high-end imported and domestic goods are abundant. With the establishment of the metropolitan status of Shanghai, "shopping" has become an indispensable part of Shanghai tourism. If you want to buy something for friends and relatives, please go to the normal shops.
Where to Stay in Shanghai
When you come to Shanghai, do not worry where to stay. As the most developed city in China, Shanghai is full of hotels, including 5-star hotels, comfortable, economic and cheap hostels. Hence, you can always find the most suitable hotel for you.
Things to Do in Shanghai
What to visit in Shanghai? What are the top attractions? What are the top things to do in Shanghai? Shanghai Attractions include many exciting sightseeing opportunities for travelers. Shanghai, known as the most developed city in China, offers quiet historical districts and attractions alongside its many new tourist sites. Shanghai also provides opportunities for exploration by water along the Chinese coast and its inland waterways due to the special position-at the estuary of the Yangtze River.
Shanghai Tour Bus Center
Shanghai Tour Bus Center is directly managed by the Municipal Tourism Administration to provide self-service travel services for tourists, including tourism information consultation and services, introducing travel routes, itinerary arrangement, cultural connotations, promotional activities and other information, as well as online booking services. Shanghai Tour Bus Center mainly provides the short-distance travel buses to Shanghai. The center mainly provides short and medium-distance routes in the surrounding areas of the city, Jiangsu and Zhejiang, such as "one-day tour", "two-day tour", "three-day tour", etc.
It is hard enough to revive lost ancient artistry, much less revitalize it in the modern world, but that hasn't stopped book artist Zhang Xiaodong.To get more art in the news 2021, you can visit shine news official website.
His exhibition "Leaves of Infinity," which will open tomorrow at the Art+ Shanghai Gallery, will display how the decorative skill of 1,500-year-old dragon-scale binding is being deployed in modern art.
Dating back to Tang Dynasty (AD 618-907), dragon-scale binding is based on a scroll, where pages are pasted with precise, equal spacing from each other. The illustrations in a book are cut into strips and each strip is pasted on the margin of each page. The result: When the scroll is spread out, the margins of the pages compose complete illustrations.The artistry was lost around the 17th century, after being passed down for generations by royals and scholars. Only one ancient example is left today, and it's housed in the Palace Museum in Beijing. This treasure records the pronunciation of Chinese characters in the Tang era.
Zhang, based in Beijing, came across dragon-scale binding in 2008, when e-books and mobile devices were beginning to dominate the publishing business. He was not afraid to go against the trend.
"I believe that one very basic human need is to satisfy the senses, such as sight and touch," he said. "I believe traditional books made of paper provide gratification for many people, including me. Dragon-scale binding is very old yet it has a sense of 'future' about it because of its dynamic flexibility."
The first book Zhang crafted will be displayed at the exhibition. It is a copy of the Buddhist scripture "Diamond Sutra," first printed during the Ming Dynasty (1368-1644) and written in 32 different fonts of Chinese characters.
With illustrations added to the book, Zhang's copy is indeed a feast for the eyes, with its delicate rice paper, dynamic illustrations and ink fragrance.
"When you flip through the book, one illustration disappears as soon as another appears," Zhang said. "That might give you the feeling of Zen."He doesn't stop with making books. Zhang also uses the techniques of dragon-scale binding to create or remake paintings, some of which are displayed in the exhibition.
The paintings are composed by an array of carefully cut colored pieces of paper, producing an effect somewhat like Venetian blinds. In a breeze, the paintings move like three-dimensional animations.He calls the art style qianye, which literally means "a thousand pages."
Two significant works in the exhibition are "Qianye Dunhuang" and "Qianye Dunhuang II." They depict frescos from the famous Buddhist caves of northwest China."I stayed in Dunhuang for a long time in 2020 and talked to many experts studying the frescos," Zhang said. "It inspired me to finish the works."
He calls the small pieces of paper that compose the paintings "leaves.""It's not easy to do because I often had to stop and ponder the shape of the 'leaves' so that they would perfectly portray the characters in the painting."
Also inspired by his experience in Dunhuang is Zhang's original work entitled "Non Sand."He said it was inspired by fascinating sunset scenery when he visited Mingsha Mountain, or the Singing Sand Dunes, near Dunhuang.
"I wanted to display the special texture there so that people would know Dunhuang has not only frescos but also stunning natural views," he said. "So I used a dye made from chestnut shells that had been soaked in water for more than two years to paint the 'leaves,' and then I cut them into a landscape painting.
Hong Kong-based SmarTone introduced an Ericsson network enhancement function which improves mobile connectivity on demand via a smartphone app, making it the first operator in the world to offer the feature.To get more latest news about ericsson, you can visit shine news official website.
Ericsson stated its Dynamic End-user Boost enables 4G and 5G users to improve speed and quality to ensure they have an optimal experience. The service is powered by the vendor's One Network, a cloud-based platform based on flexible network APIs.
SmarTone CTO Stephen Chau noted "customers may occasionally need to boost their mobile data connectivity when they are in business-critical or important social networking situations".
"Thanks to this new innovative application, our network is now capable of offering our customers the possibility to boost connectivity in an easy-to-use mobile app".
Martin Zander, head of One Network Solutions at Ericsson, explained the boost function "instantly maximises your content and user experience in a dynamic way", enabling operators "to better utilise unused capabilities in their networks".
Ericsson designed Dynamic End-user Boost as a white label service for operators to sell under their own brand.
The vendor cited recent research which found 50 per cent of business users and 40 per cent of consumers are willing to pay for better control of their user experience for critical mobile sessions.Ericsson informed the U.S. Department of Justice (DoJ) about an internal investigation into payments in Iraq when it signed a Deferred Prosecution Agreement (DPA) in 2019 to settle separate corruption probes, sources familiar with the matter said.The Swedish company's shares fell 14% on Wednesday over concerns that it might be subject to another fine by the DoJ following the disclosure of its Iraq investigation that found evidence of misconduct.
One of Ericsson's largest shareholders, Cevian Capital, told Reuters the company's actions were "unacceptable" after disclosure that some payments made in Iraq may have reached militant organisations, including Islamic State.
"The information that has now emerged is serious and the company's actions are, of course, unacceptable," Christer Gardell, Cevian's managing partner and co-founder said in a statement to Reuters.As we understand the situation, the DoJ was informed about the internal investigation at the time of the so-called Deferred Prosecution Agreement, and Ericsson losing almost SEK 50 billion in market value yesterday is a strong overreaction," he said.
The DoJ did not immediately respond to requests for comment.An Ericsson spokesman said it does not comment on dialogue with the U.S. authorities under the terms of its DPA.Analysts said if Ericsson had not shared its findings with the DoJ, this could have posed serious financial risks for the company.What has emerged with the 'Iraqi situation' is a remnant of this old mismanagement, " Cevian's Gardell said.
Swedish investment company Investor AB and Industrivarden are two of the largest investors in Ericsson with big voting rights and a say on how the company is operated.An Investor AB spokeswoman said Ericsson's Board and management had its full support. Industrivarden did not immediately respond to a request for comment.Ericsson started to turn around under CEO Borje Ekholm, who had served for a decade as CEO of the Wallenberg family-backed investment firm Investor AB.
"The company today takes these issues very seriously and has invested significant resources in solving the historical problems and ensuring that no new issues arise," Gardell said. "It needs to urgently address the remaining complexity and loss making businesses to help reduce such mismanagement in the future."
Before the threat of the coronavirus came about, Walt Disney World was steaming ahead with a bright future.To get more latest news on disney, you can visit shine news official website.
The theme park had just announced a number of projects on the way, including the Star Wars: Galactic Starcruiser, the multi-year transformation of EPCOT, Avengers Campus at Disneyland's California Adventure and the highly-anticipated TRON Lightcycle Run roller coaster coming to Magic Kingdom at Walt Disney World.
At the time, some of these projects were expected to open just in time for Walt Disney World's 50th anniversary celebration.On March 1, 2020, Gov. Ron DeSantis announced that two Floridians tested positive for the coronavirus. One was a 29-year-old Hillsborough County woman who had recently traveled to Italy, and the other was a 63-year-old Manatee County man who had come in contact with someone who tested positive.
On March 4, 2020, Disney leaders celebrated the grand opening of "Mickey and Minnie's Runaway Railway." The cartoon attraction was following in the footsteps and fanfare of the recent opening of Star Wars: Galaxy's Edge at Disney's Hollywood Studios just months prior.
In other parts of the world, Disney began shutting down its theme parks as the coronavirus threat grew. Theme parks in Shanghai, Hong Kong and even California began to shut down as a precaution. Meantime, Central Florida's theme park's remained open, stepping up their precautions by adding hand washing and sanitizing stations around the parks.
On March 12, 2020, Universal Orlando became the first park to announce it was closing due to the coronavirus pandemic. A short time later, Walt Disney World followed suit.
The sudden closure of Disney's Florida and California parks were just the latest sign of a tourism industry in freefall.
This was the first time in Walt Disney World's history that the parks had all closed due to an illness. The first time Walt Disney World closed was in 1999 for Hurricane Floyd. In 2001, the park's closed for a day due to the 9/11 terrorist attacks. Since then, the park had also closed for short times due to other hurricanes that rolled through the state.News 6 flew over Magic Kingdom on the day Walt Disney World closed its gates. The once bustling Main Street U.S.A. was a ghost town.
As the coronavirus threat continued to grow globally, Walt Disney World announced that its parks would be closed until further notice. This left many cast members wondering -- and concerned -- about the future.
After five weeks of paying its cast members during the down time, Disney was forced to furlough some of its thousands of employees beginning in April. In May, shortly after the initial closures, Disney officials reported its second-quarter profit dropped 91% to $475 million, down from $5.4 billion a year earlier.
The shuttered attractions forced more than 70,000 Disney workers to be furloughed for months, placing families into the state's crippling unemployment system. During this time, hundreds of families turned to area food banks for assistance.
Months after closing, Disney presented its reopening plans, saying select theme park's would reopen July 11. The reopening phase would begin with Magic Kingdom and Animal Kingdom, followed by EPCOT and Hollywood Studios on July 15.
With the reopening came a series of changes, including the theme park's reservation system and health and safety protocols.
Guests were forced to social distance on rides, experiences and attractions. Face masks were also required everywhere.The most recent change happened this week when Walt Disney World made facial coverings optional for vaccinated guests on its Skyliner system.
The company has brought back thousands of cast members, reopened most all of its resorts hotels and restaurants and celebrated its 50th anniversary. Some of the original experiences slated for the anniversary celebration had to be put on hold, while others opened just in time, including Remy's Ratatouille Adventure at EPCOT.
Chinese regional cuisines are the different cuisines found in different provinces and prefectures of China as well as from larger Chinese communities overseas.To get more news about shanghai Chinese cuisine, you can visit shine news official website.
A number of different styles contribute to Chinese cuisine but perhaps the best known and most influential are Cantonese cuisine, Shandong cuisine, Huaiyang cuisine and Szechuan cuisine.[1][2] These styles are distinctive from one another due to factors such as availability of resources, climate, geography, history, cooking techniques and lifestyle.[3] One style may favour the generous use of garlic and shallots over chilli and spices, while another may favour preparing seafood over other meats and fowl.
Jiangsu cuisine favours cooking techniques such as braising and stewing, while Sichuan cuisine employs baking, just to name a few.[1] Hairy crab is a highly sought after local delicacy in Shanghai, as it can be found in lakes within the region. Peking duck and dim-sum are other popular dishes well known outside of China.[1]
Based on the raw materials and ingredients used, the method of preparation and cultural differences, a variety of foods with different flavors and textures are prepared in different regions of the country. Many traditional regional cuisines rely on basic methods of preservation such as drying, salting, pickling and fermentation.
Cantonese cuisine (Chinese: 粤菜; pinyin: yuècài) is a regional cuisine that emphasises the minimal use of sauce which brings out the original taste of food itself.[6] It is known for dim sum, a Cantonese term for small hearty dishes, which became popular in Hong Kong in the early 20th century.[1][7] These bite-sized portions are prepared using traditional cooking methods such as frying, steaming, stewing and baking. It is designed so that one person may taste an assortment of different dishes in bite-size. Some of these may include rice rolls, lotus leaf rice, turnip cakes, buns, jiaozi-style dumplings, stir-fried green vegetables, congee porridge, soups, etc. The Cantonese style of dining, yum cha, combines the variety of dim sum dishes with the drinking of tea. Yum cha literally means "drink tea".
Kung pao chicken is a famous Sichuan dish
Sichuan cuisine (Chinese: 川菜; pinyin: chuāncài; spelled Szechuan or Szechwan in the once-common postal romanization) is a style of Chinese cuisine originating from the Sichuan Province of southwestern China, famed for bold flavors, particularly the pungency and spiciness resulting from liberal use of garlic and chili peppers, as well as the unique flavor of the Sichuan peppercorn (花椒; huājiāo) and Facing heaven pepper (朝天椒; cháotiān jiāo). Peanuts, sesame paste and ginger are also prominent ingredients in this style.
Main article: Anhui cuisine
Anhui cuisine (徽菜; huīcài or 徽州菜; huīzhōu cài) is derived from the native cooking styles of the Huangshan Mountains region in China and is similar to Jiangsu cuisine, but with less emphasis on seafood and more on a wide variety of local herbs and vegetables. Anhui province is particularly endowed with fresh bamboo and mushroom crops.
Fujian
Main article: Fujian cuisine
Fujian (Hokkien) cuisine (闽菜; mǐncài) is influenced by Fujian's coastal position and mountainous terrain.[10] Woodland delicacies such as edible mushrooms and bamboo shoots are also utilized.[10] Slicing techniques are valued in the cuisine and utilized to enhance the flavor, aroma and texture of seafood and other foods.[10] Fujian cuisine is often served in a broth or soup, with cooking techniques including braising, stewing, steaming and boiling.
Jiangsu cuisine (淮扬菜; huáiyángcài) is one of the major components of Chinese cuisine, which consists of the styles of Huai'an, Yangzhou, Nanjing, Suzhou and Zhenjiang dishes. It is especially popular in the lower reach of the Yangtze River. Huaiyang cuisine, one of the Four Great Traditions, is a style of Jiangsu cuisine.
Typical courses of Jiangsu cuisine are Jinling salted dried duck (Nanjing's most famous dish), crystal meat (pork heels in a bright, brown sauce), clear crab shell meatballs (pork meatballs in crab shell powder, fatty, yet fresh), Yangzhou steamed jerky strips (dried tofu, chicken, ham and pea leaves), triple combo duck, dried duck, Farewell My Concubine (soft-shelled turtle stewed with many other ingredients such as chicken, mushrooms and wine), and sweet and sour mandarin fish (Suzhou cuisine).
Hunan
Hunan cuisine (湘菜; Xiāngcài) is well known for its hot spicy flavor,[11] fresh aroma and deep color. Common cooking techniques include stewing, stir-frying, pot-roasting, braising, and smoking. Due to the high agricultural output of the region, there are many varied ingredients for Hunan dishes. Hunan cuisine is called Xiāngcài in China, because the abbreviation of Hunan Province is Xiāng (湘). Some typical dishes of Hunan Cuisine are steaming smoked meat, stew fish, rice noodle soup. Besides spicy, Hunan cuisine, especially western Hunan, also emphasizes on sourness. Therefore, different kinds of pickles are popular in Hunan, for example, Douchi is a type of fermented and salted black soybean.'
The China Federation of Literary and Art Circles published a resolution on professional ethics for China's literary and art industry on Tuesday, emphasizing the need to avoid misconduct like tax evasion, gambling and using drugs, to build a healthy entertainment industry. The federation also selected 44 outstanding figures as role models.To get more latest entertainment news, you can visit shine news official website.
The resolution listed several types of misconduct in the entertainment industry that should be avoided.Literary and art workers should resolutely resist committing illegal acts such as tax evasion, soliciting prostitutes, gambling and abusing drugs, and oppose pompous exhibition of wealth and comparing luxury items with others, the resolution noted.
It also requested the promotion of brilliant Chinese traditional culture and asked not to follow overseas trends blindly. The resolution also advocated the creation of film and TV works about realistic themes that praise a positive spirit. This trend of productions that tell stories grounded in reality has been felt by industry insiders.
Chinese director Teng Huatao, well known for his realistic TV dramas, told the Global Times on Wednesday that this trend shows how the creative capabilities of people in Chinese literary and artistic fields are growing stronger."Resolutely resist plagiarism and making low-quality works and oppose only focusing on box office revenue and gaining attention," the resolution added.
The resolution is most likely a response to scandals in the industry in recent years, as several entertainers have been strongly condemned or punished by the law because of misconduct cases that the resolution outlined.
Tax evasion is one of the most rampant problems in the Chinese entertainment industry as was the case of Chinese actor Deng Lun, who was recently punished for tax evasion and fined 106 million yuan ($16.6 million) , the Shanghai tax authorities released on March 15.
Before Deng, in December, 2021, China's top livestreamer Huang Wei, also known as Viya, was fined 1.34 billion yuan ($ 211 million) for dodging taxes. In August 2021, Chinese actress Zheng Shuang was ordered to pay 299 million yuan ($36,000) in fines, taxes and penalties for tax evasion. Furthermore, in 2018, Fan Bing Bing's tax evasion case shocked the whole country.
Drug scandals involving Chinese celebrities like singer Li Daimo and actor Kai Ko, have also been black marks on the industry. Shi Wenxue, a cultural critic in Beijing, told the Global Times on Wednesday that the resolution can help establish standards for the industry and play a supervisory role.
Shi mentioned the selection of role models previously launched by the federation, considering that the standards and the selection of exemplar figures are a system to regulate the industry."The resolution tells industry insiders what they can do and what they cannot, while the 44 role models with brilliant professional ethics set a good example for other entertainers," Shi said.
To further cultivate professional excellence, moral integrity and high-quality literary and artistic talent, Chinese authorities selected 44 literary and art figures who meet the standards for role models of the industry. The list includes actors Wu Jing and Huang Bo.The 44 candidates were chosen based on recommendations, opinions and strict examinations.
The Chinese city of Shanghai has announced its first deaths in a COVID-19 outbreak that has plunged the financial hub into a weeks-long lockdown and sparked widespread anger and rare protests.To get more news about coronavirus china update, you can visit shine news official website.
In a statement on Monday, the city said three people infected with COVID-19 had died on the previous day.They "deteriorated into severe cases after going into hospital, and died after all efforts to revive them proved ineffective," the city said.
While relatively low compared with other global outbreaks, the figures extend the pattern of recent weeks which has seen the city log tens of thousands of daily cases, most of which are asymptomatic.
In response, authorities have doubled down on Beijing's longstanding zero-tolerance approach to the virus, vowing to persist with onerous curbs on movement and isolating anyone who tests positive - even if they show no signs of illness.
Residents in Shanghai - one of China's wealthiest and most cosmopolitan cities - have chafed under the restrictions, with many complaining of food shortages, spartan quarantine conditions and heavy-handed enforcement.
Social media users ripped into authorities for the filmed killing of a pet corgi by a health worker and a now-softened policy of separating infected children from their virus-free parents.
In a rare glimpse into the discontent, videos posted online last week showed some residents scuffling with hazmat-suited police ordering them to surrender their homes to patients.Other footage and audio clips have indicated increasing desperation, including some showing people bursting through barricades demanding food.
Despite the blowback, China, where the coronavirus was first detected in late 2019, is sticking to its tried-and-tested zero-COVID policy of mass testing, travel restrictions and targeted lockdowns.
But the world's most populous nation has recently struggled to contain outbreaks in multiple regions, largely driven by the fast-spreading Omicron variant.
The country last reported new COVID-19 deaths on March 19 - two people in the northeastern rust-belt province of Jilin - the first such deaths in more than a year.The way China classifies coronavirus cases and reports deaths is obscuring the true impact of the Omicron wave and complicating its public health response more than two years into the pandemic, according to medical experts.
Authorities have reported more than 443,000 cases since March 1 and only two deaths, both in the northeastern province of Jilin. No fatalities have been recorded in Shanghai, despite the city of 26mn reporting more than 20,000 daily cases for almost two weeks. Several Shanghai residents have also told the Financial Times that their relatives died after testing positive for Covid-19.
Experts believe the low official toll is the result of shortcomings in the way China counts deaths, and that more people have been killed by the virus.
Accurately estimating the number of Covid-related fatalities is difficult given doubts about official case numbers, uncertainty about vaccine efficacy and a lack of publicly available data on overall Chinese mortality, the experts added.
Questions about the data could revive criticism of the Chinese government's handling of the pandemic, after Beijing was accused of underplaying the initial spread of the virus in Wuhan in early 2020.
Jin Dong-yan, a virologist at Hong Kong university, said mainland China took a different approach from places such as the US or Hong Kong, where people who died after contracting Covid-19 were included in official death data.
China's financial hub Shanghai reported over 27,000 coronavirus cases on Thursday, setting a record a day after President Xi Jinping said that the country must continue with its strict "dynamic Covid clearance" policy and pandemic control measures.To get more news about shanghai covid, you can visit shine news official website.
Shanghai is battling China's worst Covid-19 outbreak since the virus first emerged in Wuhan in late 2019, with the city's 25 million residents remaining largely under lockdown, though restrictions were partially eased in some areas this week.Raising hopes for a shift in policy, on Wednesday the Chinese Center for Disease Control and Prevention (CDC) published a guide on home quarantining on its social media.
Under China's tough rules, even people without symptoms must go into quarantine at centralized facilities, where many people have complained about poor conditions.
The CDC's guide on quarantine at home - in a well-ventilated room stocked with masks, sanitizer and other gear - raised hopes that the rule for quarantine at state facilities might be relaxed.
However, when asked by a social media user in an online comments section about who might be eligible for home quarantine, the CDC referred to the old rules.Shanghai authorities also gave no hint of any change in approach during a Thursday briefing.
On Thursday, Shanghai reported a record 2,573 symptomatic cases for the previous day, up from 1,189 a day earlier, while asymptomatic cases reached 25,146, up from 25,141.A city official said that cases continued to rise despite the lockdown in part because of a backlog of test results and because of ongoing transmission among family members.
On Wednesday, Xi said that China must stick to its strict "dynamic Covid clearance" policy while the global pandemic remains very serious, promising those enduring lockdowns that persistence will win out in the end.
Speaking during a visit to south China's Hainan island, Xi indicated there would be no immediate change of approach in pandemic control measures, saying that the country must stick to its approach, which has all but shut China's borders to international travel, and not relax prevention measures.
China's zero-Covid policy has been increasingly challenged by the fast-spreading omicron variant, putting millions of people under various forms of lockdown and disrupting supply chains while other countries have thrown off restrictions even though the virus is still spreading.
An April 7 study by Gavekal Dragonomics found that 87 of China's 100 largest cities by gross domestic product have imposed some form of quarantine curbs.On Thursday, authorities in the coronavirus-hit northeastern province of Jilin said they had stamped out local spread of Covid after battling to bring cases down since mid-March.
But the southern tech hub of Shenzhen appeared to be seeing a resurgence after quashing its own outbreak last month. On Thursday, authorities reported 21 new infections, including eight with symptoms and 13 without, its highest total since March 21.
Nearly 400 million people across 45 cities in China are under full or partial lockdown as part of China's strict zero-Covid policy. Together they represent 40%, or $7.2 trillion, of annual gross domestic product for the world's second-largest economy, according to data from Nomura Holdings.To get more latest china economy news, you can visit shine news official website.
Analysts are ringing warning bells, but say investors aren't properly assessing how serious the global economic fallout might be from these prolonged isolation orders.
"Global markets may still underestimate the impact, because much attention remains focused on the Russian-Ukraine conflict and US Federal Reserve rate hikes," Lu Ting, Nomura's chief China economist and colleagues wrote in a note last week.
Most alarming is the indefinite lockdown in Shanghai, a city of 25 million and one of China's premiere manufacturing and export hubs.The quarantines there have led to food shortages, inability to access medical care, and even reported pet killings. They've also left the largest port in the world understaffed.
The Port of Shanghai, which handled over 20% of Chinese freight traffic in 2021, is essentially at a standstill. Food supplies stuck in shipping containers without access to refrigeration are rotting.Incoming cargo is now stuck at Shanghai marine terminals for an average of eight days before it's transported elsewhere, a 75% increase since the recent round of lockdowns began. Export storage time has fallen, but that's likely because there are no new containers being sent to the docks from warehouses, according to supply chain visibility platform project44.
Cargo airlines have canceled all flights in and out of the city, and more than 90% of trucks supporting import and export deliveries are currently out of action.
Shanghai produces 6% of China's exports, according to the government's statistical yearbook for 2021, and factory closures in and around the city are further rattling supply chains.
Sony and Apple supplier plants in and around Shanghai are idle. Quanta, the world's biggest contract notebook manufacturer and a MacBook maker, has stopped production entirely. The plant accounts for about 20% of Quanta's notebook production capacity, and the company previously estimated it would ship 72 million units this year. Tesla has shuttered its Shanghai Giga factory, which produced about 2,000 electric cars a day.
On Friday, China's Ministry of Industry and Information Technology said in a statement that it sent a taskforce to Shanghai to work on a plan to resume production at 666 key manufacturers in the locked down city. Tesla executives hope they'll be allowed to reopen their doors by Monday, ending the factory's longest pause since its 2019 opening. The automaker has lost over 50,000 units of production thus far, according to materials reviewed by Reuters.
"The impact on China is major and the knock on effects on the global economy are quite significant," said Michael Hirson, Eurasia Group's practice head for China and Northeast Asia. "I think we're in for more volatility and economic and social disruption for at least the next six months."
The prolonged disruptions to Chinese manufacturing and shipping could help accelerate a key Biden administration initiative aimed at reducing US dependence on Chinese products and supply chains.In a report released last week, the World Trade Organization warned of a worst-case scenario involving decoupling global economies, spurred on by Russia's invasion of Ukraine, could reduce long-term global GDP by 5%.
That's highly unlikely given the deep financial connections between China and the US. Investment in each others' stocks and bonds reached $3.3 trillion at the end of 2020, according to data from Rhodium Group.
"These are still very intertwined economies," said Hirson. "That integration is not something that's going to be easily reversed because it would be incredibly costly for the US and for the global economy."
Still, American economic leaders believe decoupling is already underway. Oaktree co-founder Howard Marks wrote in late March that "the pendulum [has] swung back towards local sourcing" and away from globalization. Blackrock Chairman Larry Fink echoed the sentiment in a letter to the company's shareholders. "The Russian invasion of Ukraine," he wrote, "has put an end to globalization we have experienced over the last three decades.
In a speech to the Atlantic Council last week, Treasury Secretary Janet Yellen said the US is watching China's political and economic connections to Russia closely. "Going forward, it will be increasingly difficult to separate economic issues from broader considerations of national interest, including national security," she said.
While she said she hopes a "bipolar split" between China and the US can be avoided, "the world's attitude towards China and its willingness to embrace further economic integration may well be affected by China's reaction to our call for resolute action on Russia.
There are no queues at Belgrade's largest vaccination hub in Serbia. The interest in the vaccination against COVID-19 started dwindling as the pandemic showed signs of a significant slowdown in the country. To get more sinopharm news today, you can visit shine news official website.
Every day in late October around 45,000 people were being vaccinated, these days, the numbers are only a quarter of that. And only 58 percent of 7 million Serbian citizens have been vaccinated since the process started last January.
"We have administered more than 8 million vaccine doses," Zoran Bekic, head of the Belgrade Fair Vaccination Center told CGTN. "There have been no deaths caused by the vaccines or adverse effects of the immunization. The Sinopharm vaccine, of all the vaccines we used, produced the least reactions."
Compared with other countries globally, Serbia offers one of the biggest choices of vaccination to its citizens. There are five vaccines available, including those produced in China, Russia, and the U.S. and almost a year after the roll-out started, China's Sinopharm jab is still the most sought after.
One of Serbia's top virologists, Tanja Jovanovic, a professor from the University of Belgrade, explained: "In our country, the largest interest came from people wanting the Sinopharm vaccine ... regardless of their age or education. Obviously, the prevailing opinion here is that it's proven effective for combating new diseases and the way to go."
Тhe Sinopharm vaccine was the first to arrive in Serbia. A batch of 1 million doses came at the beginning of 2021 when it was the most urgently needed. And shortly after their arrival, the mass vaccinations started.
The Serbian health officials claim Sinopharm's product was widely accepted as an effective measure against the coronavirus. Thanks to investment from China, the nation decided to embark on a joint project to build a factory to produce the vaccine in Serbia. The work is under way on the outskirts of Belgrade and the first batches should leave the factory gates by the summer of 2022. After that, the doses produced there will be delivered to the entire country and some of its neighbors.
The United Arab Emirates has approved emergency use of Sinopharm's protein-based COVID-19 vaccine and it will be available to the public as a booster dose starting January 2022, the health ministry said.
The vaccine will be produced and distributed by a joint venture between the UAE's Group 42 and China National Biotec Group (CNBG), a unit of China National Pharmaceutical Group (Sinopharm), the ministry said in a statement on state media on Monday.
The approval came following a UAE-based study that included individuals who were previously vaccinated with two doses of Sinopharm CNBG's inactivated vaccine, the ministry added.
The UAE, a federation of seven emirates, on Monday reported 1,732 new coronavirus cases and one death. Authorities, who do not give a breakdown for each emirate, said around 91% of the population of some 10 million had been fully vaccinated.
As China battles Omicron-driven activity in some of its biggest cities, health officials in Shanghai today said its outbreak is under control, as later-affected Beijing tightened measures in a hot spot district.To get more news about coronavirus china update, you can visit shine news official website.
In Shanghai, which is entering its second month of lockdown, city officials said cases have been declining since Apr 22, though they didn't signal that measures will be relaxed anytime soon, according to Reuters.
Meanwhile, Beijing officials announced the closure of nonessential businesses in Chaoyang, its biggest district, which is home to several embassies and office buildings. Authorities also said mass testing will resume in four districts over the weekend.
The country's National Health Commission today reported 4,628 new local cases, including 356 symptomatic cases and 4,272 classified as asymptomatic. Shanghai had 4,269 cases, 4,024 of them asymptomatic. And Beijing had 72 cases, 17 of them asymptomatic. Twelve deaths were reported, all of them from Shanghai.
At the national level, Chinese officials are doubling down on its "zero COVID" policy and are pushing back on claims that the strict measures are hurting the global economy due to shuttered factories in lockdown areas and supply chain interruptions.
In a related development, China is planning for post lockdown scenarios by building permanent polymerase chain reaction (PCR) COVID-19 testing facilities, according to Reuters.Immediately after Beijing said it had detected a new coronavirus outbreak, officials hurried to assure residents there was no reason to panic. Food was plentiful, they said, and any lockdown measures would be smooth. But Evelyn Zheng, a freelance writer in the city, was not taking any chances.
Her relatives, who lived in Shanghai, were urging her to leave or stock up on food. She had spent weeks poring over social media posts from that city, which documented the chaos and anguish of the monthlong lockdown there. And when she went out to buy more food, it was clear many of her neighbors had the same idea: Some shelves were already cleaned out.
"At first, I was worried about Shanghai, because my family is there, and there was no good news from any of my friends," Ms. Zheng said. "Now, Beijing is starting, too, and I don't know when it will land on my head."Anger and anxiety over the Shanghai lockdown, now in its fourth week, has posed a rare challenge for China's powerful propaganda apparatus, which is central to the Communist Party's ability to stifle dissent. As the Omicron variant continues to spread across the country, officials have defended their use of widespread, heavy-handed lockdowns. They have pushed a triumphalist narrative of their Covid response, which says that only the Chinese government had the will to confront, and hold back, the virus.
But among a populace with growing evidence of the costs of that approach, an alternate story - of rage, frustration and despair - is finding an audience. The anger, if not contained, could pose the biggest political test for China's leadership since the outbreak began. China's leader, Xi Jinping, has staked his legitimacy on successful control of the pandemic, a message that has only been amplified ahead of this fall, when he is expected to claim an unprecedented third term.
Since Shanghai's lockdown began, residents there have railed against the harsh measures, which have led to food shortages, delayed medical care, shoddy quarantine conditions and even physical fencing around residents' homes. Officials have responded with their usual playbook, censoring critical posts, inundating state media with positive stories and blaming foreign forces for fanning false ones. But far from stemming the anger, they have fueled it.
Residents have compiled footage from their daily lives, showing rotting food or shouting matches with local officials, rebutting the authorities' story of a tidy, cheery outbreak response. They have banded together to repost deleted content with a speed and savvy that for a time overwhelmed censors' ability to keep up. Even some members of the political and academic elite have suggested that the government's propaganda about Shanghai is hurting its credibility.
China's commercial capital of Shanghai was dealt a blow on Monday as authorities reported 58 new COVID-19 cases outside areas under strict lockdown, while Beijing pressed on with testing millions of people on a May Day holiday few were celebrating.To get more news about shanghai covid, you can visit shine news official website.
Tough coronavirus curbs in Shanghai have stirred rare public anger, with millions of the city's 25 million people stuck indoors for more than a month, some sealed inside fenced-off residential compounds and many struggling for daily necessities.While Shanghai officials said the situation is improving, images on social media have unnerved the public at a time when hospitals and mortuaries in the city are overwhelmed.
On Monday, authorities said they were investigating five officials after videos showed a local care home transferring an elderly person in a body bag to a mortuary. The person was later found to be still alive.
Shanghai residents breathed a sigh of relief over the weekend at news that no cases had been confirmed outside areas under lockdown for two days, but disappointment came on Monday with the report of the 58 new infections among people who are allowed to move more freely around the city.Authorities did not comment on the new cases at a media briefing but members of the public weighed in online.
"They announced that they stamped out cases at the community level too early," one person commented on the Weibo platform.
Still, many people also took heart from data that showed encouraging trends, with 32 new deaths on Sunday, down from 38 a day earlier, and 6,804 new local cases, down from 7,189.Despite the drop in cases, more fences were erected at some residential blocks in Shanghai on Monday, although authorities said employees of companies the government has put on a production priority list could apply for a pass if the building they lived in had no cases for seven days.
The coronavirus first emerged in the Chinese city of Wuhan in late 2019 and for two years authorities managed to keep outbreaks largely under control with lockdowns and travel bans.
But the fast-spreading Omicron variant has tested China's "zero-COVID" policy this year, an important one for President Xi Jinping who is expected to secure a precedent-breaking third leadership term in the autumn.China's COVID policy is increasingly out of step with the rest of the world, where many governments have eased restrictions, or thrown them off altogether, in a bid to "live with COVID" even though infections are spreading.
New Zealand, which had some of the toughest curbs, finally opened its border on Monday, welcoming thousands of visitors for the first time since the start of the pandemic.China has given no hint of deviating from its policy despite a mounting toll on the world's second-largest economy, and ripples of disruption through global supply chains.
Beijing, with dozens of daily infections in an outbreak in its second week, has not locked down, instead relying, at least for now, on mass testing to locate and isolate infections.Twelve Beijing districts, including the largest one Chaoyang which is home to nightlife and embassies, will carry out a further three rounds of COVID-19 tests between May 3 and 5, a local official said on Monday. Chaoyang district accounts for the biggest share of infections in Beijing's outbreak.
The capital's restaurants are closed for dining in and some apartment blocks are sealed shut. The streets are quiet and the residents who do venture out have to show negative coronavirus tests to enter most public venues.Authorities are tracking down close contacts of confirmed cases, warning them to stay at home and contact authorities.
China's leaders are struggling to reverse an economic slump without giving up anti-virus tactics that shut down Shanghai and other cities, adding to challenges for President Xi Jinping as he tries to extend his time in power.To get more latest china economy news, you can visit shine news official website.
The ruling Communist Party has declared its "zero-COVID" goal of preventing all infections takes priority over the economy. It is a decision with global implications and comes despite warnings by experts including the head of the World Health Organization that the goal might be unattainable.We don't think it is sustainable," the WHO director-general, Tedros Adhanom Ghebreyesus, said Tuesday.
China kept infection numbers low until early this year with a strategy that shut down cities, but entailed soaring costs. Beijing has switched to "dynamic clearing" that seals buildings or neighborhoods if infections are found. But with thousands of new cases of the highly infectious omicron variant reported every day, that keeps most of Shanghai's 25 million people at home. Big parts of Beijing and other cities with tens of millions of people also are closed.
That is disrupting manufacturing and hampering the global flow of goods from smartphones to iron ore, increasing inflation risks in the United States and Europe. Consumer spending is weak, chilling Chinese demand for imports.
The ruling party is promising tax refunds and other aid to struggling entrepreneurs that Beijing counts on to create jobs and wealth. Premier Li Keqiang, the No. 2 leader, warned last week the employment situation is "complex and grim."
On Wednesday, Li called during a Cabinet meeting for officials to focus spending and credit policies on preventing job losses, state TV and the official Xinhua News Agency reported. They gave no details of possible new initiatives.
Despite promises of aid, forecasters say economic growth in the current quarter will fall as low as 1.8% over a year ago from an anemic 4.8% in the last quarter. Growth for the full year is forecast as low as 3.8%, below the ruling party's official 5.5% target and less than half of 2021′s 8.1% expansion.
"The Chinese government is willing to make some sacrifices on the economy in the short term to trade for long-term growth," said Nomura economist Ting Lu. However, he said, "achieving ‘zero COVID' is quite challenging, because omicron is more infectious."China's strategy is "not to pursue zero infection but to control the epidemic situation in the shortest time at the lowest social cost," said Zhao Lijian. "The vast majority of people in most areas in China live and work normally."
Complaints about food shortages and other hardships and videos posted online showing people in Shanghai and other areas arguing with police have been deleted by censors.
Public frustration and economic losses add to complications for Xi ahead of a ruling party congress in October or November at which he is expected to try to break with tradition and award himself a third five-year term as leader.
Xi, the most dominant Chinese leader since at least the 1980s, still is expected to secure another term. But experts say rivals might gain leverage to trim his powers. Supporters of market-style economic reforms also want to roll back policies that favor state industry and tighter control of the private sector, China's economic engine.
Wrangling over the cost of anti-virus strategies gives "an opening to his factional opponents" with "deeper ties to business sectors," said Diana Choyleva of Enodo Economics in a report. "They are more attuned than Xi and his supporters to the impact of zero-Covid on the economy and on middle-class citizens."
In a sign private industry is weakening, 4.4 million companies closed last year while only 1.3 million new enterprises opened, down from 13.8 million in 2019, according to Choyleva.
Among countries with both high vaccination rates and high rates of Covid-19 infection, most rely on vaccines made in China, a CNBC analysis shows.To get more sinopharm news today, you can visit shine news official website.
The findings come as the efficacy of Chinese vaccines faces growing scrutiny, compounded by a lack of data on their protection against the more transmissible delta variant. CNBC found that weekly Covid cases, adjusted for population, have remained elevated in at least six of the world's most inoculated countries - and five of them rely on vaccines from China.
CNBC identified 36 countries with more than 1,000 weekly new confirmed cases per million people as of July 6, using figures from Our World in Data, which compiles information from sources including the World Health Organization, governments and researchers at the University of Oxford. CNBC then identified countries among those 36 where more than 60% of the population has received at least one dose of Covid vaccine.
Those countries numbered six, and five of them use Chinese vaccines as a significant part of their national inoculation programs: United Arab Emirates, Seychelles, Mongolia, Uruguay and Chile. The one country among them that doesn't depend on Chinese vaccines is the United Kingdom.Mongolian state-owned news agency Montsame reported in May that the country has received 2.3 million doses of vaccine by China's state-owned Sinopharm. That far exceeds the 80,000 doses of Russia's Sputnik V and around 255,000 doses of Pfizer-BioNTech shot that Mongolia received as of last week.
Chile administered 16.8 million doses of vaccines from Beijing-based Sinovac Biotech - compared with 3.9 million doses of Pfizer-BioNTech and smaller amounts of two other vaccines, Reuters reported last month.
The UAE and Seychelles depended heavily on the Sinopharm vaccine at beginning of their inoculation campaigns, but each has more recently introduced other vaccines. In Uruguay, Sinovac's shot is one of the two most-used vaccines, alongside Pfizer-BioNTech's.Meanwhile, the United Kingdom has approved vaccines by Moderna, AstraZeneca-Oxford, Pfizer-BioNTech and Janssen. U.K. Covid cases have spiked in recent weeks as the more transmissible delta variant has spread there.
Sinopharm and Sinovac did not respond to CNBC requests for comment.
Several factors can cause a surge in Covid cases in countries with high vaccination rates. Vaccines don't offer 100% protection, so those who are inoculated can still be infected. At the same time, new variants of the coronavirus could prove better at overcoming vaccines.Countries should not stop using Covid-19 vaccines from China, epidemiologists say, especially while the supply of vaccines is limited among low- and middle-income nations.
Many of the countries and territories that approved vaccines by Sinopharm and Sinovac are developing nations that can't compete with wealthier countries for vaccines developed in the United States and Europe.
The Winter Olympic Games are well under way in Beijing and China is currently fourth in the medals' table with Germany. We've recently featured the country as part of a preview of the Year of the Tiger and the different ways ETF investors can access the country.To get more shanghai stock news, you can visit shine news official website.
As befits one of the most dynamic stock markets in the world, and one where retail investors play a big part, there's a great deal of moving parts in a complex investing landscape.
With complexity comes confusion, and some of the finer details appear baffling to the outside investor. This article looks under the hood of the various share classes, indices and exchanges.Let's start with the exchanges, the main ones being the Shanghai Stock Exchange (SSE) and the smaller Shenzhen Stock Exchange (SSZE). While Beijing is the Imperial City, its stock exchange has a much shorter history: the Beijing Stock Exchange launched officially in November 2021 with the aim of catering for innovate SMEs. Some 81 stocks began trading on that day.
The Shanghai Stock Exchange STAR Market was launched in 2019 as a domestic version of the Nasdaq. And the Hong Stock Exchange, founded in the nineteenth century, is part of the wider China investing universe. Hong Kong is a highly liquid stock market in a developed country, and some Chinese companies (like Tencent) over the years have chosen to float there.
The Shanghai Stock Exchange is home to a number of indices, the most commonly quoted being the SSE Composite, which is an all-cap index including A and B shares (of which more later). There are also indices based on a number of stocks and they are known as the SSE 180, 50 and 20, the last index focusing on mega-caps. The most quoted index of them all is the CSI 300, however, which is a blend of the top 300 stocks traded on the Shanghai and Shenzhen Stock Exchanges, weighted by size. The CSI 300 has been volatile since launch, with big spikes in 2015 and 2021, followed by sudden reversals.
Alibaba (BABA), China's other mega tech success story, is actually listed in New York as an American Depository Receipt (ADR), despite being headquartered in Hangzhou. The merry go round of China and US shares is a hot topic at the moment - where should Chinese companies list? - and is the subject of future article.
There's often a difference between the company's place of incorporation and listing location and H shares are an example of this: incorporated in mainland China BUT listed in Hong Kong.
There are some others types of stocks to be aware of, such as red chips, P chips and S chips. Red chips are domestic stocks in which the Chinese government has a large stake and take their name from the colour of the national flag. But red chips companies are incorporated outside mainland China, listed in Hong Kong and quoted in HK dollars. P chips are private Chinese companies listed in Hong Kong, BUT incorporated in the Cayman Islands, Bermuda and the British Virgin Islands - a long way from mainland China. And S chips are Chinese companies listed in Singapore.An investor faced with this wide choice of options might just think: I'll buy an index instead and that will make life simpler. But which one? You might want exposure to mainland China only, or a mixture of China, Hong Kong, Taiwan and Singapore stocks. Or you want to capture the whole range of Chinese companies listed all over the world.
So the investment kaleidoscope is always shifting in the index space too.Index provider MSCI announced in 2019 it would be upping allocation to China A-shares in its main indices, with the aim of increasing the allocation from 5% to 20%.
MSCI China (USD) targets large and mid-cap stocks, and has 740 constituents at time of writing, including China A shares, H shares, B shares, red chips, P chips and American Depository Receipts (ADRs).
Of the handful of pure China equity ETFs available to UK investors with a Morningstar Analyst Rating, Xtrackers MSCI China has the highest rating of Bronze.
Another ETF from the same company tracks the FTSE China A50 and that is rated Neutral. The FTSE China A50 index has a smaller sample than MSCI China and draws 50 stocks from the Shanghai and Shenzhen exchanges, and only includes A-shares and not B-shares. And the iShares China Large Cap ETF also tracks the FTSE China 50 as its benchmark.
Chinese regulators held an emergency meeting with domestic and foreign banks last month to discuss protecting trillions of dollars in overseas assets from US-led sanctions similar to those imposed on Russia, according to a report.To get more finance news China, you can visit shine news official website.
The Financial Times reports the April 22 meeting between representatives from China's central bank and finance ministry, and executives from all large banks operating in China, was called because Chinese officials are worried similar action could be taken against Beijing in the event of a regional military conflict.
While the officials and attendees did not mention specific scenarios, according to the report, the most likely trigger for international sanctions is thought to be a Chinese invasion of Taiwan.
The Chinese Communist Party considers the democratic island nation of 24 million as part of China, and President Xi Jinping staked his legacy on "reunification" of the last surviving bastion of the 1949 civil war."If China attacks Taiwan, decoupling of the Chinese and western economies will be far more severe than [decoupling with] Russia because China's economic footprint touches every part of the world," one of the people briefed on the meeting told the Financial Times.
Following Vladimir Putin's invasion of Ukraine on February 24, Western countries led by the US imposed sweeping financial sanctions on Moscow, including cutting it off from the Swift interbank messaging network and seizing $US300 billion of Russia's foreign currency reserves.
According to the Financial Times report, senior Chinese regulators asked bankers at the meeting what could be done to protect China's overseas assets, especially its $US3.2 trillion in foreign reserves.
China holds more than $US1 trillion in US Treasury bonds and owns huge amounts of real estate, including major New York office buildings and hotels.No one on site could think of a good solution to the problem," another person briefed on the meeting told the newspaper. "China's banking system isn't prepared for a freeze of its dollar assets or exclusion from the Swift messaging system as the US has done to Russia."
Others at the meeting reportedly questioned whether the US could afford to cut economic ties with China, given its vast dollar-denominated holdings and close trade relationship between the two countries.
Michael Pettis, finance professor at Peking University, said the fact that the attendees were not able to come up with a solution "shows the extent to which China is locked into a structural problem".
"As long as China runs large trade surpluses, it has no choice but to acquire foreign assets in exchange for the surpluses, and as long as it is incapable of rebalancing domestic demand, it has no choice but to run large trade surpluses," he wrote on Twitter.Prof Pettis noted it was interesting that, according to the report, when Chinese officials at the meeting were asked whether they could diversify into more yen or euro-backed assets, they replied that the idea was not practical.
"They are right. It isn't practical because if China stops acquiring American assets and instead acquires Japanese or European assets, the resulting capital inflows into those countries would cause the huge American trade deficit to shift to those countries," he said.
"Unlike the US, Japan and Europe are unable and unwilling to run the huge deficits that correspond to China's surpluses. It is mainly the US (and the anglophone economies) that are willing to run the huge deficits that allow other rich countries and/or commodity exporters to run surpluses. This means that the US provides the mechanism which allows other countries to repress domestic demand."
China's Tencent reported on Wednesday that its quarterly profit halved from a year ago and revenues stagnated, blaming cuts in advertising spending by consumer, e-commerce and travel businesses for its worst performance since it went public in 2004.To get more latest news about tencent, you can visit shine news official website.
The operator of the WeChat messaging platform and the world's largest video game company said ad sales slumped 18 percent in the first quarter ended March 31, following a 13 percent drop in the October-December period.COVID-19 lockdowns in China have hurt advertiser sentiment, while Tencent's ad business has also taken a knock from competition from rivals, including TikTok owner ByteDance.
Though the Shenzhen-based company has lost more than half its market value since it peaked in February 2021 following Beijing's regulatory crackdown to rein in the influence of large internet firms, it remains China's most valuable company.
In a call with analysts, Tencent President Martin Lau said that Beijing has begun to voice support for tech companies in recent weeks as COVID-19 outbreaks have sapped China's economic growth momentum. He cited a meeting on Tuesday where Chinese Vice Premier Liu He assured tech firms of the authorities' support for the sector.
"So you can see that from the senior-most level, there is a pretty clear supportive signal released," he said, adding it will take time before it will translate into a real impact on the company's business.
Lau also added that while stricter regulations could become "normal practices", coronavirus outbreaks had emerged as a bigger challenge.
James Mitchell, Tencent's chief strategy officer, said that the prolonged COVID-19 lockdown in Shanghai, in particular, had significantly hampered multinational corporations' advertising budgets as many tended to make their advertising decisions out of the city.
Still, regulatory curbs have hurt many of Tencent's revenue engines, including video games. After freezing new game licences for eight months, Beijing resumed issuing licences in April. But the latest batch of new licences did not include games from Tencent, which makes much of its money by developing games such as Honor of Kings and Call of Duty Mobile.Mitchell said he expected big firms like Tencent to receive game licences in the future, but that China will approve fewer games overall going forward. To account for that, Tencent has pivoted to focus on fewer but higher-quality games, and plans to introduce more big-budget games in 2023, he added.
Tencent's domestic game revenue dropped 1 percent in the first quarter while international game revenue rose 4 percent. With Chinese regulators imposing draconian measures to keep minors from playing video games and curbing aggressive monetization features, Tencent has turned to overseas markets for growth.
Revenue growth in its fintech and business services segment slowed to 10 percent in the first quarter, from 47 percent a year earlier.Total revenue was 135.5 billion yuan ($20bn) in the quarter, roughly the same as a year earlier, and below analysts' average 141 billion yuan ($21bn) estimate, according to Refinitiv.
Shawn Yang, Shenzhen-based managing director of Blue Lotus Capital Advisors, said the 51 percent plunge in quarterly profit was particularly concerning."I estimated a 17 percent or 18 percent decrease because I had learned that they had executed many cost-cutting measures," Yang said. "I couldn't guess that its profit has gotten this bad."
Cinemas, theaters and museums have closed in downtown Shanghai, and tickets have been refunded. The vast city's school system announced late Friday that it would switch to online learning. And across China, more than 100 neighborhoods have been labeled medium-risk or high-risk Covid zones, with frequent mandatory testing and partial or complete lockdowns.To get more news about coronavirus update china, you can visit shine news official website.
After two years of posting one of the world's most successful track records in managing the coronavirus, China suddenly faces a wave of cases. The country's National Health Commission said Friday that 1,100 new cases had been detected nationwide the day before.
Three-fifths of the cases this week are in people with no symptoms, a pattern that Chinese officials attribute to the country's high vaccination rate, and to extensive testing that is uncovering infections in people who appear healthy. But health officials caution that the high proportion of asymptomatic infections is no cause for complacency.
From a clinical point of view, no matter whether it is a clinically confirmed case or a clinically asymptomatic infection, they are all virus-positive infected people, and they are all contagious," said Wu Jinglei, the director of the Shanghai Health Commission.
Most of China's new cases have been in cities that attribute their outbreaks to the Omicron variant. Tiny pockets of the Delta variant are still occurring along China's borders.Each day, the National Health Commission announces the number of new cases from the day before, and it shows a steep ascent. Looking just at the announcements on Fridays, there were 60 cases nationwide three weeks ago, 104 cases two weeks ago, 117 a week ago and then 1,100 on Friday.
The cases reported on Friday were in 17 of China's 31 provinces. The National Health Commission announced Friday that it would allow the commercial sale of Covid rapid test kits, which China has avoided until now in favor of nasal or throat swabs that are processed at government-approved laboratories. Pharmacies and online stores are now allowed to sell them.
Several entire cities in northeastern China have gone into lockdown despite urgings from national officials to be more selective in choosing how extensively to restrict people's movements. The latest city to do so was Changchun, a large car-manufacturing center, which locked down on Friday.China has kept the virus under tight control until now with a national system of quickly detecting and quarantining anyone with a fever, along with all of that person's contacts. Even the contacts of these contacts are sometimes required to quarantine.
But finding healthy yet infectious people and quickly tracing their movements has proved more difficult. "We need to dig out the asymptomatic people, and it is sometimes more difficult to trace," Mr. Wu said.
The Shanghai Stock Exchange (SSE) is the largest in mainland China. The market trades stocks, funds, bonds and derivatives from a large number of listed companies. This page will break down how the SSE works, along with its various indices, rules and requirements. It will also detail how you can start trading on the SSE, with tips to help you get going. A list of the top brokers for trading on the Shanghai Stock Exchange is provided below.To get more shanghai stock news, you can visit shine news official website.
What Is The Shanghai Stock Exchange?
The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is the largest stock exchange in mainland China and the 4th largest in the world, with a market capitalisation of USD 6.98 trillion in 2020 and a daily trading volume of around USD 17.86 trillion. The SSE is a non-profit organisation that is managed and administered by the China Securities Regulatory Commission (CSRC).
The Shanghai Stock Exchange Composite (also known as the SSE Composite or Shanghai Composite) Index is the most common indicator used to reflect the performance of the SSE market. This is an index of all the stocks that are traded on the Shanghai Stock Exchange, of which there were over 1,800 in January 2021.
The market for shares and securities first appeared in Shanghai in June of 1866. At this point, Shanghai's International Settlement developed everything required for a thriving stock market: several banks, legal frameworks for joint-stock companies and interest in diversification.
The following years were rocky for the market, there were several crashes caused by credit and banking crises. In 1891, during a boom in mining shares, the "Shanghai Sharebrokers' Association" was founded by foreign businessmen, headquartered in Shanghai. In 1904, the association applied for the market to be renamed the Shanghai Stock Exchange.
1920 and 1921 saw the formation of the Shanghai Securities and Commodities Exchange and the Shanghai Chinese Merchant Exchange, both of which were merged into the Shanghai Stock Exchange in 1929.
The market closed on 5th December 1941 when Japanese forces occupied Shanghai. The exchange was briefly reopened in 1946, although it only remained this way for 3 years until the communist revolution in 1949 shut it down.
Recent History
The Shanghai Stock Exchange as we know it today was re-established on 26th November 1990 following years of cultural and economic revolution within the People's Republic of China. Trading operations began a few weeks after this, on 19th December.
In 1997, it was decided by the State Council of China that the Shanghai Stock Exchange would be managed directly by the China Securities Regulatory Commission (CSRC). A rough period from 2001-2005 saw the market's value halve, after peaking in 2001. This saw new rules put in place as well as a ban on new initial public offerings (IPOs). Full operation was resumed in 2006 after the ban was lifted.
2007 and 2008 saw a period of frenzy as China's stock exchange temporarily became the world's second-largest stock exchange. This culminated in the Shanghai Composite Index reaching an all-time high of 6,124.044 points on 16th October 2007. However, the annual report at the end of 2008 had the index down a massive 65%, largely because of the impact of the global economic crisis.
In 2019, the Shanghai Stock Exchange launched the STAR Market (officially the Shanghai Stock Exchange Science and Technology Innovation Board). The STAR market featured only technology-related companies and was touted as a direct rival to the US' NASDAQ market.
There are two main classes of stocks on the Shanghai Stock Exchange, A shares and B shares. These differ both in the currency they are quoted in and their accessibility for investment.
B-shares are quoted in US Dollars (USD) and are open to foreign investment. On the other hand, A-shares are quoted in the Chinese Yuan (CNY) and are only available to foreign investment through a qualified program known as QFII.
A QFII is a Qualified Foreign Institutional Investor. This is a program that allows international investors, with the correct license, to invest in major Chinese companies. Before the program was introduced in 2002, investors from other nations were not permitted to buy or sell stocks on any of the Chinese exchanges.
Much of the market cap of the Shanghai Stock Exchange is made up of former state-run companies like the major Chinese banks and insurance companies and you won't find popular foreign stocks like GameStop on there. In fact, many of the companies have only been trading on the SSE since 2001 following reforms to companies.
On April 28, as part of the spring meetings, International Finance Forum (IFF) joined hands with Central Asia Regional Economic Cooperation Institute (CAREC Institute) to host an event to celebrate the 30th anniversary of the establishment of diplomatic ties between China and five Central Asian countries.To get more finance news China, you can visit shine news official website.
With the theme of "New Global Landscape: Green Silk Road Cooperation in Central Asia," experts and leaders from the regions had a constructive discussion about climate change, energy transition and how countries could further work together to accelerate efforts on green innovation.
"This year marks the 30th anniversary of the establishment of diplomatic relations between China and Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan," Yu Hongjun, former Ambassador Extraordinary and Plenipotentiary of the PRC to the Republic of Uzbekistan, said in a keynote speech.
Yu added that China is expecting an even brighter growth outlook when it comes to the development of multi-national initiatives in the region.
Also at the event, Syed Shakeel Shah, Director of the CAREC Institute, said that China and the five Central Asian nations have laid a firm foundation for future bilateral cooperation, and that the CAREC Institute is making efforts to boost development and interconnectivity in the region.
Specifically, Syed Shakeel Shah pointed out that the Central Asian region is facing severe challenges brought by climate change and countries are in need of greater financial support through the development of green finance. To build a future with inclusive growth, governments and corporations must work together, he added.Meanwhile, Hu Xinglan, Principal Regional Cooperation Specialist of Central and West Asia Department of Asian Development Bank, shared the "CAREC 2030" strategy, a mission to create an open and inclusive regional cooperation platform. CAREC 2030 prioritizes five operational clusters from economic and financial stability to human development, encompassing both traditional and new areas of cooperation in the region.
Jointly formed by China and Central Asian nations, the CAREC Institute is an intergovernmental organization dedicated to promoting economic cooperation in Central Asia and along the Silk Road through knowledge generation and sharing. It now has 11 member countries, aiming to accelerate the economic management capacity of the countries and promote regional connectivity.
Recent tensions in China's real estate market have highlighted the risks inherent in the country's highly leveraged corporate sector. These risks have been building up for some time, as high investment rates have coincided with high levels of debt accumulation. Moreover, the source of debt has moved beyond the traditional banking sector, with non-bank financial institutions providing financing which is less stable and more susceptible to sudden changes in investor sentiment. In addition, tensions in large corporate sectors could be transmitted to the rest of the economy through a number of channels. These channels include households, which are themselves increasingly leveraged and whose wealth is significantly exposed to the real estate market. A wider Chinese growth slowdown could, in turn, have global repercussions, given the size of the Chinese economy, its important global trade linkages and the central role it plays in international commodity markets. Against this backdrop, this article will review the rise in financial risks in China's economy stemming from increasing private sector leverage, the interconnectedness between the financial and non-bank financial sectors, and households' rising debt exposures.To get more shanghai stock news, you can visit shine news official website.
Recent stress in the real estate sector has highlighted the tension in China's corporate sector between high rates of growth and high leverage. As the world's second largest economy, China has accounted for around one-third of global GDP growth over the last decade (Chart 1) while, at the same time, its share of global credit to the non-financial sector has increased from around 8% to 20%.
] To some extent, this reflects the contribution made by investment spending as one of the main drivers of growth. However, the recent turmoil in China's real estate sector and the payment difficulties experienced by several large Chinese property developers, such as Evergrande, illustrate the risks inherent in the high leverage, high growth and, ultimately, highly interconnected business model that is widespread among Chinese corporates, and real estate developers in particular.
At the same time, a significant proportion of debt financing originates outside the banking sector. China's debt-to-GDP ratio for the entire private sector now stands at over 250% (Chart 2). Given that the corporate component of this debt is the highest in the world, the banking regulations introduced by the Chinese authorities have increasingly placed limits on the provision of credit to highly leveraged corporates. While China's financial system remains largely bank based, a significant proportion of funding is supplied to the corporate sector by non-bank financial institutions. The so-called shadow banking sector facilitates corporate financing that can circumvent capital constraints and credit regulations. Moreover, investors commonly expect an implicit guarantee for returns on investment products issued by the shadow banking sector. Despite the fact that contracts clearly state that returns are not guaranteed, both individual and institutional investors assume that the issuing financial company and, in some cases, the local or central government, will make up any shortfall if the investments do not deliver the targeted returns.
] This leads to a significant underpricing of risks, which results in investor sentiment towards these products being subject to sudden change if a significant shortfall materialises. While the macroprudential regulations adopted by the authorities since 2015 have curbed the growth of shadow banking, its level of outstanding assets remains significant in size and continues to pose risks to the financial system. Moreover, large fintech companies are providing new sources of debt financing to the economy, thereby presenting new and additional challenges to the regulatory efforts made by the authorities to reduce leverage in the Chinese economy.
Finally, households could increasingly amplify the impact of corporate stress on the broader economy. For instance, household wealth is increasingly dependent on real estate market developments, and risks which materialise in the corporate sector could spill over to household wealth and, therefore, consumption. Similarly, wealth products provided by the shadow banking sector to households intertwine non-bank financial sector and household risks. As the level of household debt has been rising sharply in China, the interdependence of risk exposures in the private sector has given rise to systemic risks in China that could have adverse spillover effects, both domestically and internationally.
Considering China's global interconnectedness, developments in the country are important for the global economy. The stress in China's property sector has reverberated beyond its borders. Reports of Evergrande's liquidity distress intensified around mid-September (Chart 3, panel a), when the developer reportedly missed the payment deadline on a number of bonds, triggering risk-off sentiment in global financial markets. Global equities fell, temporarily, by around 2-3%, credit spreads widened, and indicators of investor uncertainty rose steadily against a backdrop of flight-to-safety considerations. In addition, metal and oil prices declined, highlighting potentially reduced demand for commodities resulting from a slowdown in real estate activity in China (Chart 3, panel b). While the global spillovers proved to be short lived, in part due to the belief that the Chinese government would take action to mitigate adverse spillovers within its own economy, real and financial shocks in the world's second largest economy have global repercussions. The ECB reported, in the May 2018 and May 2021 issues of its Financial Stability Review, that China's weight and systemic relevance in the global financial system is increasing - even if the country remains relatively isolated financially.[
] Against this backdrop, this article will review the rise in financial risks in China's economy deriving from increasing private sector leverage, the interconnectedness between the financial and non-bank financial sectors, and households' rising debt exposures.
A SoftBank-owned company is thriving by offering face-recognition technology fuelled by a blacklisted Chinese firm to the likes of Mastercard and Visa, an opportunity for the Japanese conglomerate, fraught with geopolitical and privacy risks.To get more finance news China, you can visit shine news official website.
Japan Computer Vision Corp (JCV), owned by SoftBank Group Corp's wireless unit, has struck deals on payments in recent months, a potential breakthrough for SoftBank founder Masayoshi Son's dream of driving new business through partnership between his tech investments.
If JCV sustains its expansion, it could become a standout example of SoftBank creating synergies with portfolio companies - a key part of Son's sales pitch to the tech industry.
But the surge faces risks as the facial-scanning system it offers to U.S. heavyweights Mastercard Inc and Visa Inc uses technology from SenseTime Group, a Chinese firm blacklisted by the United States over human rights concerns.
The JCV-SenseTime partnership highlights SoftBank's difficult balancing act as Son tries to position his conglomerate as a neutral player even while tensions mount between two key markets, the United States and China.
The billionaire said last month SoftBank is taking a cautious approach towards China due to a regulatory crackdown there that has roiled its portfolio.JCV said it keeps SenseTime and the credit card companies at arm's length - the Chinese firm is a technology partner with no access to Mastercard's and Visa's systems or data.
Mastercard said all of its biometric-checkout programme partners must adhere to European Union standards of data protection. Visa said it is working to define the use of biometrics in payments and believes such technology can help ensure a secure system.JCV's rapid expansion also faces privacy concerns from regulators and consumers as facial-recognition technology goes mainstream. SenseTime's shares plunged 50% last week with the end of a lock-up period after its initial public offering.
SenseTime told Reuters it aims to strengthen the partnership with JCV, which it believes will benefit businesses, and that the company has established an ethics council to ensure standards.
JCV said its technology is audited by a third party, Israeli cybersecurity startup CYE, to check for risk of data leakage and the company asks users to opt in to pay-by-face systems and allows them to opt back out.
"Offering the consumer those controls are really what's required to make this a very mainstream technology," said JCV CEO Andrew Schwabecher. SoftBank declined to comment.While there is no suggestion JCV is breaching any restrictions, the use of SenseTime technology reflects the limits of U.S. blacklisting in hobbling the expansion of Chinese technology.
JCV also sells body temperature scanners using the technology to retailers such as Fast Retailing Co's Uniqlo fashion chain and mall operator Aeon Co. It has shipped over 20,000 devices in Japan that scan more than a million faces daily.
"SenseTime's algorithm is absolutely the best, we've evaluated almost every one," JCV's Schwabecher told Reuters, citing its ability to identify customers even when the face is partially obscured by a mask or a hand.Fast Retailing said its temperature scanners do not store or transmit any of the information they capture. Aeon declined to comment.
JCV has built a software platform to run the SenseTime algorithm, which it says ranks highly in the U.S. government's own tests for its low error rate. JCV operates the system from Japan.SenseTime's algorithm analyses over 200 facial locations and the distance between them to create a digital key. JCV uploads the unique signature to the cloud, allowing users to authenticate payments using their face.Schwabecher said other companies will likely catch up with SenseTime, and JCV plans to offer alternatives on its platform in the future. "In two to three years, which vendor's algorithm you're using is probably not going to matter as much as it does today."
Uptake of facial scanning tech would allow greater personalisation of services, from targeted ads to offering customers their favourite burger at a food restaurant or suggesting a destination on getting in a taxi.
Americans have legitimate concerns about China-and, with House Speaker Nancy Pelosi's visit to Taiwan sparking new tensions, those concerns are only growing-but what many fail to see is that Beijing is not the economic juggernaut it is often believed to be. On the contrary, China's economy has become increasingly fragile. To use a word heavily overworked these days, its problems are systemic.To get more china economy latest news, you can visit shine news official website.
The root of the fears lies in China's impressive growth record. Some 40 years ago, China was one of the poorest and most backward countries in the world. But Deng Xiaoping's decision to open China to trade and foreign investment changed everything quickly. By the mid-1980s, the country's economy was growing at stupendous double-digit rates, in real terms. From then until 2010, real growth averaged just under 10 percent a year, outpacing just about every other economy in the world. (During that time, the United States saw 2.8 percent real growth a year.) China's rate of expansion decelerated after 2010 but still outdistanced almost every other economy, even considering the effects of Covid-19. The country is now the world's premier manufacturer and by some standards is already the world's largest trading nation. Its economy has climbed from a mere 3.2 percent of America's in 1980 to more than 70 percent today. Given this past performance, it is easy to understand why so many worry that China will soon blow past the United States to become the world's dominant economy.
Perhaps even more distressing than China's meteoric rise is the questions it has raised about America's approach to economic organization. China's purposeful, centralized approach, some say, might even be superior to America's seemingly chaotic market-based system. For years, many journalists returned from China full of praise for how Beijing's centralized planning had marshalled the nation's intellectual, labor, and natural resources to create huge ports seemingly overnight and whole cities in what shortly before were farmer's fields. After the planners in Beijing decided that the country needed high-speed rail, Western observers soon marveled at the phalanxes of powerful locomotives zipping along extensive webs of track. The stark contrast with the budget battles and political wangling that goes on in the United States made China's focused purpose seem all the more unsettling.
Impressive as this past is, China and its system are nonetheless poised for troubles. Partly, this has to do with the country's changing state of development. While the Chinese economy remained underdeveloped, planners had little trouble seeing the path ahead. All they needed to do was look at what the developed world had: roads, ports, rail links, and the construction of decent housing and reliable public utilities. Such obvious moves paid handsome economic returns. But as China's economy has advanced and just about caught up to the fully developed economies, the planners no longer have a clear model. Now, like any economy on the forefront of development, they must guess at future needs-a much harder task, and one that Beijing has not demonstrated it can do well.
China's centralized plans have increasingly gone awry. Part of the problem is that the planners have had trouble adjusting to the new reality. Instead of embracing the growth of services and other more advanced activities, they have frequently doubled down on the kinds of early development projects that once paid such high dividends but are no longer as urgent. Misguided central direction has given China roads, bridges, and high-speed rail links to nowhere. After decades of emphasis on housing, the Ministry of Statistics now estimates that some 65 million housing units are unoccupied in China, fully 20 percent of the country's entire housing stock. A growing list of misguided projects has wasted resources and left a legacy of debt.
The failure of the giant property developer Evergrande serves as a dramatic example. Much of the media attention has put the blame on the company's management. The managers are certainly not free of blame, but the bulk of the problem stems from an inappropriate government emphasis on residential construction, something that has become more and more obvious as other property companies find that they cannot service the debt they incurred following these government directives. At last count, the questionable debt already announced verges on some 10 percent of China's gross domestic product.
It is at the cutting edge of development, where there are no models, that market-based systems show their advantages. Without central direction, markets rely on a great diversity of decisions by individuals and companies. Because each of these actors makes independent efforts to envision the unknown future, the economy effectively spreads its bets across a wide variety of efforts. Most fail. There is considerable waste. But without the focused marshalling of resources typical of Chinese-like central planning, that waste tends to happen on a smaller scale. Indeed, large-scale failures in a market-based system tend to occur only when some central authority nudges market participants in one direction, as when government encouragement to lend to those with lower credit scores on favorable terms brought on the financial crisis of 2008-09. Still more important in meeting future challenges is how a market system's great diversity of efforts increases the chance that one or more of these independent projects will indeed capture future needs and score big, both for those who devised it and for the whole economy. Of course, if the central planners manage to capture a future need, their success can be huge, but their focused effort makes that hit a lot less likely.
We can see proof of the difference, albeit dimly, in the relative growth of debt in China. It is true that Beijing has kept the central government's debt burden light, certainly lighter than has Washington, but it is not this debt that finances the planners' projects. That burden falls instead on private firms, state owned enterprises (SOEs), and provincial governments, making the relevant debt measure the total of public and private debt. From 2010 to 2020, the most recent year for which complete data are available, this composite debt measure in China grew 23 percent per year-far faster than the nominal economy, which grew about 8 percent per year. Total debt rose from 180 percent of the nation's gross domestic product (GDP) in 2010 to almost 300 percent at last measure. This exploding debt overhang offers a rough estimate of the waste created by centralized mistakes. Compare it to the United States, where the equivalent debt aggregate grew about 5.6 percent a year. To be sure, that's faster than the 4 percent average growth of the nominal economy, but the gap between the two is much narrower than China's. The accumulated outstanding debt as a percent of U.S. GDP has risen just 14 percentage points during this time. Mistakes are apparent, but on a much smaller scale than China's centralized arrangements.
For all the growing evidence of the centralized system's weaknesses, President Xi Jinping strangely has pushed for greater centralization. Already his central planners, showing a lack of sensitivity to China's more advanced state of development, have pushed the same sorts of infrastructure projects that once worked so well but are more questionable now. True, the planning authority has also focused on more advanced activities. The Made in China 2025 plan, for example, stresses electric vehicles, biotech, aerospace, and artificial intelligence. But China retains the manufacturing focus from the earliest days of its opening and continues to ignore the undeniable developmental trend toward services present in other advanced economies. And the concentration-though it certainly garners positive press-carries risks. Especially where technology is concerned, there is no telling when something new will render today's "next big thing" obsolete. Should something like this happen-and it is far from unlikely-the record shows that China's central planners will have a hard time changing course.
Elden Ring wasn't just a hit with fans of FromSoftware's notoriously difficult action-RPGs. Today Tencent Holdings and Sony announced they've acquired 30% of the Souls-series developer's shares, split in favor of Tencent. FromSoftware is expected to gain $260 million from the arrangement.To get more latest news about tencent, you can visit shine news official website.
Today's announcement from FromSoft's parent company Kadokawa revealed that Sony and Tencent are acquiring 14.09% and 16.25% of FromSoft, respectively. The statement indicates that Kadokawa wants FromSoftware to be able to expand its development efforts; Kadokawa sees the "enhancement of capabilities for the creation, development and deployment of [FromSoft] game IP as one of the [Kadokawa] Group's highest priorities."
One of the aims is to give FromSoft the resources needed to grow Elden Ring into a franchise that extends beyond just video games.
Elden Ring was a long time coming, built on a foundation first laid down in FromSoftware's pioneering 2009 PS3 game Demon's Souls. A set of three spiritual sequels in the form of the Dark Souls trilogy, as well as two other similar titles (Bloodborne and Sekiro), certainly broadened the audience for these difficult and cryptic action-RPGs. But none have reached critical mass quite like Elden Ring, which outsold household names like Call of Duty and led to viral streaming sensations and hype that just won't die.
Tencent, a Shanghai-based conglomerate, has continued its trend of investments and acquisitions. It owns 5% of Assassin's Creed and Far Cry publisher Ubisoft, completed an acquisition of League of Legends' developer Riot Games, owns 40% of Epic Games, and has stakes in many, many, many, many other game companies. As Polygon notes, it also owns 5% of Activision Blizzard, which will transfer over to Microsoft should that megacorp's notable attempt to acquire the Call of Duty publisher clear regulatory screening.
Sony has also been on a spending spree too, though it looks a bit more modest compared to Tencent. Perhaps most notably, Sony acquired the once Microsoft-affiliated Bungie for $3.6 billion in January. The house of PlayStation also made a move to acquire Bluepoint, the studio which made a name for itself with critically acclaimed remakes. Sony also invested a billion dollars in Epic Games back in April.
China's economy grew 4.9% in the third quarter from a year earlier, slowing sharply from the previous quarter's 7.9% growth rate, as power shortages and supply-chain problems added to the impact from Beijing's efforts to rein in the real estate and technology sectors.To get more China business latest news, you can visit shine news official website.
While many economists expected China's year-over-year growth to trend lower in the second half of 2021, based in part on statistical comparisons to last year, the scale of the third-quarter slowdown was sharper than expected, falling short of the 5.1% growth forecast by economists polled last week by The Wall Street Journal.
The slower-than-expected gross domestic product growth reflects a range of factors, including policy makers' decision to pare back stimulus enacted in the immediate aftermath of the pandemic last year; a crackdown on the technology, private education and real-estate sectors; energy snafus caused in part by soaring coal prices and more aggressive energy targets; and disruptions to the supply chain caused by Covid-19 outbreaks, semiconductor shortages and port shutdowns.
When compared with the second quarter, China's GDP inched up just 0.2% in the three months ended Sept. 30, according to data released Monday by the National Bureau of Statistics. In the second quarter, China's GDP rose 1.3% from the prior quarter.
Despite the third-quarter slowdown, economists are generally confident that the Chinese economy will be able to make senior leaders' annual GDP growth target of 6% or more, which was set in March.
For the first nine months of the year, China's GDP expanded 9.8% compared with a year earlier, the statistics bureau said.
Fu Linghui, a spokesman for the statistics bureau, highlighted the economy's ability to maintain its post-pandemic rebound in the first nine months of the year, even in the face of what he described as the country "carrying forward its structural adjustments," a reference to the government's campaigns to deal with debt and inequality.
In an acknowledgment of the mounting risks to the economy, Mr. Fu said that "there are increasing uncertainties in the external environment, while the domestic economic recovery is unstable and unbalanced."Now that the statistical distortions from the pandemic are largely in the past, China's growth rate is expected to return to around its pre-coronavirus trajectory. Before China began feeling the impact of the pandemic early last year, its economy expanded at a pace of 6.1% in 2019, the slowest such year-over-year growth rate since 1990.
China was the only major global economy to grow during last year's pandemic-induced slowdown; its economy expanded 2.3%. With most economists expecting growth of 8% or more this year, Beijing policy makers instead set a relatively modest full-year GDP target of 6% or more for 2021, giving it more room to deal with long-festering issues in the economy-chief among them dizzying debt levels, particularly in the real-estate sector.
The question now is whether Beijing's campaign to impose greater discipline on its economy-as well as surging commodity costs and continued coronavirus-related distortions in the global economy-will take a larger-than-expected toll and force policy makers to re-emphasize growth.
Despite the sharp slowdown in the third quarter, China's policy makers so far appear to be relatively sanguine about the headwinds facing the economy.
On Friday, China central bank officials suggested it wouldn't resort to a relatively large stimulus to drive up the growth rate in the final quarter of the year, for example by flooding the financial system with liquidity or slashing benchmark interest rates.
Officials also played down risks from the debt crisis at China Evergrande Group, the country's most indebted property concern, whose troubles have rattled markets and raised questions about China's overall economic and financial health.
China's business capital Shanghai has spiraled back into the clasps of Covid-19 just ahead of the their most important political event. China's most important political event of 2022, and indeed of the coming five years, will kick off on October 16 when the 20th National Congress of the ruling Chinese Communist Party (CCP) and its 90 million members convenes.To get more Shanghai news, you can visit shine news official website.
The tightening comes as Shanghai reported 38 new infections, all of which were found in its quarantine system. The country that first reported Covid-19 cases in December 2019, now remains the only major government that is still grappling to control the spread of the fatal virus.
At least five districts have closed entertainment venues, including cinemas, bars and gyms, in an effort to stamp out transmission, according to statements issued by Covid prevention offices.
The creeping suspensions, as well as a ramp up in other restrictions like the lockdown of neighborhoods and individual residential compounds have left Shanghai's 25 million residents on edge.
Venues like gyms and bars have shut in the Shanghai districts of Changning, Putuo, Jiading, Yangpu, and Qingpu. Shanghai Disney Resort said on Saturday that some facilities have been shut and performances canceled to follow the Covid control requirements.
Mental health affected due to several shutdown
Social media users lamented the never-ending cycle of shutdowns and reopenings that's a feature of China's Covid Zero policy. Others speculated whether they may face another lockdown just months after a two-month ordeal that saw many in Shanghai struggle to access food and medical care. The flareup is occurring just days before China's once-in-five-years Party Congress, when President Xi Jinping is expected to secure a precedent-breaking third term in power.
Xi has made Covid Zero a cornerstone of his leadership, despite its growing social and economic cost, and China's propaganda machine has ramped up its defense of the policy this week in a sign there'll be no shift toward living with the virus any time soon.
WHO videos restricted
The World Health Organization chief's comment that the end of the pandemic is within reach sparked lively online debate -- and some censorship -- in China, the only major country still trying to stop the spread of the virus.
China Newsweek and popular online media outlet Guancha.cn reported on Tedros's remark and shared videos on social media platform Weibo, but those were removed in the afternoon. A hashtag on Tedros's comments that gathered some 4.5 million views also appeared to have been removed, and Chinese media disabled the comment function on Weibo posts sharing the news.
China has hinted at maintaining its radical "zero-COVID" policy even after the upcoming twice-a-decade Communist Party congress, with the party's flagship newspaper, the People's Daily, running a commentary warning against complacency with anti-virus measures for three days in a row through Wednesday.To get more china news today, you can visit shine news official website.
The paper claimed the strict policy to stem coronavirus infections, involving the imposition of lockdowns on cities when outbreaks occur, is still necessary given the spread of the highly contagious Omicron variant, the risks of mutations and a considerable number of elderly who have not completed vaccinations in China.Once the stringent restrictions are relaxed, "a large number of severe cases and deaths will occur," causing a strain on the country's health care system, the commentary said. It dashed hopes that the party congress, to be convened on Sunday, could provide clues to a shift in the zero-COVID policy.
The newspaper referred to a recent surge in infection cases in Japan, saying its relaxed anti-virus measures have caused "serious consequences" with a stretched medical system.
Chinese Foreign Ministry spokeswoman Mao Ning defended the country's stringent anti-virus policy at a press conference in Beijing Wednesday, saying it is "the most cost-effective" measure. "Only by ensuring COVID security can we achieve steady economic growth," she said.
Under the stringent restrictions, people in China must undergo frequent COVID testing and present negative results on their smartphone app to enter public spaces. Movements are restricted in high-risk areas, and travelers from abroad are subject to a minimum quarantine period of seven days.
The Chinese mainland on Tuesday reported about 1,700 COVID cases, including asymptomatic carriers and no deaths, according to authorities.
China's economy is set to rebound this year as mobility and activity pick up after the lifting of pandemic restrictions, providing a boost to the global economy.To get more china economy news latest, you can visit shine news official website.
The economy will expand 5.2 percent this year, according to our latest projections, versus 3 percent last year. That's good news for China and the world as the Chinese economy is now expected to contribute a third of global growth this year.
Even so, China still faces significant economic challenges. The contraction in real estate remains a major headwind, and there is still some uncertainty around the evolution of the virus. Longer-term, headwinds to growth include a shrinking population and slowing productivity growth.
Accordingly, as we note in our annual report for China, the economy needs comprehensive macroeconomic policies and structural reforms to secure the recovery and promote balanced, green, and inclusive growth.
We recommend keeping fiscal policy neutral this year, with additional monetary policy accommodation helping secure the recovery amid muted inflation pressures and growth below its potential. Orderly restructuring of troubled property developers will also help reduce risks.
With a shrinking labor force and diminishing returns to capital investment, growth in coming years will depend on boosting declining productivity growth. Without reforms, we currently estimate growth to fall below 4 percent over the next five years.
An ambitious but feasible set of reforms can improve these prospects-importantly, in a way that is inclusive by raising the role of household consumption in demand. Reforms such as gradually lifting the retirement age to increase labor supply, strengthening unemployment and health insurance benefits, and reforming state-owned enterprises to close their productivity gap with private firms would significantly help to boost growth in coming years. Undertaking such reforms would enable China's income level to rise by around 2.5 percent in five years.
Much is at stake. When China's growth rate rises by 1 percentage point, growth in other countries increases by around 0.3 percentage points, according to recent IMF staff analysis. That underscores how domestic reforms could boost China's economy and that of others too.
This article examines the practices, policies and politics of the Chinese Communist Party's (CCP's) governance of entertainment celebrities from 2005 to 2020. We identify and critically analyse four principle governing approaches with related examples: ‘banning celebrities', ‘governing through professional associations, laws and notices', ‘platform governance' and ‘co-opting stars'. We argue that celebrity governance should be understood within the broader framework of the CCP's ‘cultural governance' and encompasses two dimensions: ‘governance of celebrity' and ‘governance through celebrity'. We conclude the increasing governance of this elite group has shaped the formation of a ‘neoliberal subjectivity' with Chinese characteristics, which allows them to navigate the complex trade-off between the intertwined neoliberal market ideology and Party ideology in China's cultural and entertainment industry. The article sheds vital light not only on the understanding of China's celebrity and entertainment politics, but also on the logic, approach and politics of the CCP's celebrity and cultural governance.To get more latest entertainment news, you can visit shine news official website.
The Chinese Communist Party (CCP) has a long tradition of utilising mass entertainment to mobilise and educate to fulfil its political and ideological purposes (Cai Citation2016). From the ‘yangge drama' in the Yan'an area during the Anti-Japanese Resistance War (Liu Citation2010) and the ‘loyalty dance' and ‘model opera' during the Cultural Revolution (Lu Citation2004, McGrath Citation2010), through to the anti-corruption TV drama and the Chinese New Year Gala run by China Central Television (CCTV) in the reform era (Bai Citation2015, Zhao Citation1998), the CCP has enlisted and co-opted almost all possible cultural and artistic forms to promote Party ideology, innovate official propaganda and educate people about socialist values and ethics, all in the name of entertaining the masses. Mao Zedong's famous speech at the Yan'an Forum on Literature and Art in 1942, which stressed that art and cultural work should serve the socialist state and socialism, has shaped China's mass cultural and entertainment practices, and guided the CCP's art and cultural policies in Mao and post-Mao China (Fu Citation2015).
Since China's economic reform in the late 1970s, increased individual prosperity, leisure activities, transnational cultural flows, and the dramatic development of market-driven mass media have supported the rapid growth of mediated mass entertainment and China's cultural and entertainment industry (Xu and Zhao Citation2019). The ever increasing number of entertainment celebrities, as the public face of the industry and as a new type of sociocultural elite in post-socialist China, has demonstrated an enormous impact on young people's style, cultural values and consumption through their artistic works, commercial endorsements and lifestyles (Yue and Cheung Citation2019). To harness the influence of these cultural icons, the state proactively incorporates entertainment celebrities into the CCP's publicity work, such as in its television melodramas, public service advertising, cultural ambassadorship, and legal and educational campaigns (Yu Citation2012). Celebrities have also become a focus of state governance to ensure they pursue ‘professional excellence and moral integrity' , a lofty ideal promoted by the CCP for socialist artists and cultural workers. The instrumental role of mass entertainment and the legacy of China's socialist ‘role model' determine that because idols should play an ‘edutainment' role or, at the very least, be harmless to socialist values, ethics, Party policies and ideology, they require the constant guidance and supervision of the CCP.
Research literature on the governance of China's mediated mass entertainment has expanded over the last decade. Scholars, mainly in Chinese media and cultural studies, have studied media policies, regulations and censorship of TV drama, reality shows, imported foreign TV programmes, films, popular music, and the cultural and creative industry in general (Schneider Citation2012, Bai Citation2013, Chan Citation2016). By examining the legitimacy, practices, policies and politics of governing diverse types of popular media and cultural products, these studies have collectively revealed the dilemma confronting China's mediated mass entertainment in the reform era, that is, to simultaneously pursue market success and play an ‘edutainment' role within the CCP's cultural, moral and political framework. However, research on the governance of entertainment celebrities who are the public face of these entertainment products is needed. In celebrity studies, scholars have focused on the transformation, roles and politics of celebrities and celebrity practices in contemporary China (Edwards and Jeffreys Citation2010, Jeffreys Citation2015, Sullivan and Kehoe Citation2019). In a recently published paper, Lin and Zhao (Citation2020) examine ‘celebrity as governmentality' in China by tracing the history of celebrities in Confucian, Maoist and post-Maoist governmentalities. However, celebrity as subject of governance in the Chinese context remains understudied. This article aims to fill the gap by identifying and critically analysing the principle approaches utilised by the CCP to govern entertainment celebrities since 2005.
Archaeologists from the Datong Institute of Cultural Relics and Archaeology have reportedly unearthed a large trove of ancient terracotta figurines in the Shanxi province of China, according to state-run publication China Daily.To get more news about women in ancient china, you can visit shine news official website.
The figurines, found in the tomb of upper-class individuals who lived during from the Northern Wei Dynasty (386-534CE), depict a variety of dancers, domestic workers and labourers, providing a historically important glimpse into daily life of the period. The archaeological team stated that this discovery constitutes a watershed moment in the study of funerary culture. The female musicians depicted in this terracotta group will also provide a coveted link between ethnic costuming and national culture.
The Northern Wei Dynasty marked a nearly 150-year period of political turbulence and social reform, defined by political recentralisation, ethnic integration and the construction of a portion of what would become the Great Wall of China. Many of the finest known examples of ancient Taoist and Buddhist art known to contemporary audiences date from this period, including the Unesco World Heritage Sites known as the Longmen Grottoes and Yungang Grottoes.
The four great beauties from Chinese antiquity, regarded as the most stunning women of their era, date respectively from the Spring and Autumn (722-481 BC), Three Kingdoms (220-280 AD), Western Han dynasty (206 BC-9 AD) and Tang dynasty (618-907 AD) periods. Above and beyond their sublime appearance, which was enough to amaze even nature, the four Chinese beauties forged a reputation through the influence they had on the rulers of their time, and, as a result, the history of China. Legend has it that three of them caused their kingdoms to weaken and all came to a mysterious end.
Blancpain has decided to interpret the tale of these emblematic figures from ancient China on a set of dials, using all the artistic techniques expertly practiced in its Métiers d'Art workshops. It is in Le Brassus, in a country setting nestled in the heart of the Vallée de Joux, that Blancpain's artisans perpetuate ancestral skills transmitted from generation to generation. Be it champlevé enamel, engraving, shakudō, marquetry or enamel painting, each artistic craft is promoted on one piece of this special series, while all four watches feature a painted enamel beauty.
In all of Chinese history, only one woman has ruled in her own name as empress regnant. From A.D. 665, when she and her husband the Emperor Gaozong effectively took joint control of the imperial court, until her death in 705, Wu Zetian dominated an empire of over 50 million, oversaw the rise of a number of powerful women, such as her adviser Shangguan Wan'er and her daughter the Princess Taiping, and nearly established a dynasty all her own.To get more news about famous chinese women, you can visit shine news official website.
But was she a feminist? The question may appear odd, even faintly ridiculous, but in part due to the lack of other viable options, some modern Chinese feminists have sought to reclaim Wu Zetian's legacy from the politically motivated attacks of male historians and position her as a trailblazer in the field of women's rights.
If we apply only the most superficial definition of the Chinese word for feminism, nüquan, which when written is composed of the words for "woman" and "power" or "rights," she may even have a case. Wu Zetian wielded the highest power possible in China, and at no other point in ancient Chinese history were so many women involved in the upper reaches of politics - a legacy that outlasted Wu only to die when her grandson, Li Longji, eliminated Shangguan Wan'er in a coup in 710 and wiped out the Princess Taiping's entire family three years later.
Li - who later ruled as Emperor Xuanzong - proudly proclaimed that, in keeping with the teachings of the Confucian canon, he had done his duty to root out any women who dared to manipulate national politics and thereby eradicated a hidden threat to the stability of the empire.
While it's tempting to indulge in what ifs, modern-day attempts to restore Wu Zetian's reputation as a powerful, capable woman who might have set China on a different course are fundamentally misguided. Inevitable distortions aside, the historical record is clear: Wu Zetian not only didn't work for female emancipation, but she also sought to de-feminize herself, almost as if she preferred people forget she was a woman altogether.
Wu Zetian was of humble stock, born in 624 to a merchant family of the early Tang dynasty (618-907). Although considered a Chinese dynasty, the Tang's rulers were the product of hundreds of years of co-mingling between Han Chinese and nomadic Hu tribesmen to China's north. They identified with the dominant Confucian culture of the earlier Qin (221-206 B.C.) and Han dynasties (221 B.C.-A.D. 220), but their mentalities and lifestyles were heavily influenced by Hu culture, including the less tightly regimented gender norms of life on the steppe.
This brief relaxation of Chinese society's oppression of women offered Wu Zetian the window she needed, but even in the context of the Tang, her rise to power was still conditioned on her ability to bear sons. Wu gave birth six times; five of her children, including four sons and a daughter, made it to adulthood.
Her status as the mother of four potential imperial heirs would prove crucial in the palace battles to come, but Wu did not coddle her offspring. In their vicious fights over the future of the empire, Wu subjected her five surviving children and their various partners and children to violent torture. There was nothing sacred about their relationship, no maternal bond - merely fear, obedience, paranoia, and self-preservation.
Although hardly exempt from her mother's cruelty, histories from the early post-Tang period suggest that Princess Taiping was able to earn the empress's respect. The most politically astute of her siblings - at least among those who survived Wu's punishments - an 11th century history records that, "The Taiping Princess had a sensitive grasp of political strategy that led her mother to view her as an equal. As a result, she received a love that Wu's other children didn't, and the two on occasion conspired together."
Or perhaps simply Wu didn't see the Princess as a viable enough successor to be a threat. The empress wasn't interested in legitimizing the rule of another woman. To maintain the favour of her court ministers, she intended to uphold the tradition whereby only male kin could become emperor.
Throughout her reign, Wu Zetian took great pains to appear nonthreatening to China's patriarchal order. As part of her plan to replace the Tang dynasty with a separate Zhou dynasty, she legitimized her rule by authorizing the fabrication of Buddhist texts. For example, the main gist of the "Addendum to the Great Cloud Sutra" was that a "celestial woman of purity and light," an incarnation of the future Buddha Maitreya, needed to descend to earth and take control of the Tang imperial court. Although she may be ruling in a woman's body, the revisions emphasized that in essence she was a sexless incarnation of Buddha: "The Bodhisattva has no fixed form: for the salvation of those on Earth, they can assume any form, such as the woman who walks among you today."
Tesla is laying off some staff at its Gigafactory in Shanghai, Bloomberg reported, five weeks after Elon Musk praised them.To get more shanghai news, you can visit citynewsservice.cn official website.
Musk visited the Shanghai Gigafactory at the end of May as part of a two-day visit to China, which also included meetings with senior government officials and a lavish 16-course meal.
A video of the world's richest person giving a late-night speech to his Tesla staff was then shared by the Chinese state newspaper Global Times.
"Thank you for being here late at night," he began. "It's been incredibly impressive how you have been able to overcome so many difficulties and so many challenges.I just want to let you know, it warms my heart," Musk said, tapping his chest before making a fist pump.
Before leaving on a private jet back to the US, Musk also purchased burgers and soft drinks for 100 of the Gigafactory workers.
But just over a month after Musk's visit, some of those workers have lost their jobs, Bloomberg reported, citing unnamed sources familiar with the matter. The precise number of people who've been laid off is unspecified and some of these employees have been given the option to transfer to another part of the factory, these sources said. Insider reached out to Tesla for comment but did not immediately hear back.
Bloomberg reports that Tesla began notifying battery-production staff that they would be laid off earlier this week. That department makes up less than 1,000 of the Gigafactory's 20,000 staff, per Reuters.
The reason for these layoffs is also not clear. According to data from local trade group - the China Passenger Car Association - which was cited by CNN, deliveries from Tesla's Shanghai factory more than doubled in the second quarter of 2023 and accounted for over half of its global sales.
Six weeks before Musk's visit in May, the Shanghai plant came into the news after some staff took to social media to complain that they had their performance bonuses unfairly cut, Reuters reported.
Tesla workers then criticized Musk on Chinese social media, and some people even complained to his mom on Twitter.
Last year, Musk praised Tesla's Chinese staff for working until 3 a.m. - as some workers were required to sleep on the factory floor to keep production going during the country's strict COVID-19 lockdowns.
A Chinese city has sparked a backlash on social media after saying it would consider the use of lockdowns in the event of an influenza outbreak.To get more city news service, you can visit citynewsservice.cn official website.
The city of Xi'an - a tourism hotspot in Shaanxi province that is home to the famous terracotta warriors - revealed an emergency response plan this week that would enable it to shut schools, businesses and "other crowded places" in the event of a severe flu epidemic.
That prompted a mixture of anxiety and anger on China's social media websites among many users who said the plan sounded uncomfortably similar to some of the strict zero-Covid measures China had implemented throughout the pandemic and which have only recently been abandoned.Vaccinate the public rather than using such time to create a sense of panic," one user wrote on Weibo, China's equivalent of Twitter.
"How will people not panic given that Xi'an's proposal to suspend work and business activities were issued without clear instruction on the national level to classify the disease?" asked another.
While cases of Covid in China are falling, there has been a spike in flu cases across the country and some pharmacies are struggling to meet demand for flu remedies.However, Xi'an's emergency response plan will not necessarily be used. Rather, it outlines how the city of almost 13 million people would respond to any future outbreak based on four levels of severity.
At the first and highest level, it says, "the city can lock down infected areas, carry out traffic quarantines and suspend production and business activities. Shopping malls, theaters, libraries, museums, tourist attractions and other crowded places will also be closed."
"At this emergency level, schools and nurseries at all levels would be shut down and be made responsible for tracking students' and infants' health conditions."
The backlash comes as the central government in Beijing has emphasized the need to open the country back up following the removal of all Covid restrictions in January.Throughout the pandemic, China had enforced some of the world's most severe Covid restrictions, including lockdowns that stretched into months in some cities. It was also one of the last countries in the world to end measures such as mass testing and strict border quarantine periods, even amid growing evidence of the damage being done to its economy.
Xi'an itself was subject to a draconian lockdown between December 2021 and January 2022, with 13 million residents confined to their homes for weeks on end - and many left short of food and other essential supplies. Access to medical services was also affected. In an incident that shocked and angered the nation, a heavily pregnant woman was turned away from a hospital on New Year's Day because she didn't have a valid Covid-19 test, and suffered a miscarriage after she was finally admitted two hours later.Shortly before China removed its pandemic era restrictions the country had been rocked by a series of demonstrations against its zero-Covid policy.
Memories of being confined to their homes and of panic buying that in some areas led to food shortages remain fresh in people's minds and the idea of a return to Covid-style measures appears to have hit a nerve.
On April 22nd, NYU Shanghai officially unveiled its "Mini Course" online learning platform, providing the public with high-quality open-access educational resources from NYU Shanghai.To get more news about education resources for newcomers in Shanghai, you can citynewsservice.cn official website.
The Mini Course is an online platform for self-directed learning. Faculty members of NYU Shanghai offer short, pre-recorded online lectures in their areas of expertise. The course platform aims to provide the public with equal access to higher education, promote the values of liberal arts education, and connect the university with audiences at home and abroad.
At the launch event, NYU Shanghai Vice Chancellor Jeffrey Lehman emphasised the importance of open access to educational resources. He noted that universities serve society by sharing research and educational resources. NYU Shanghai's Mini Course platform embodies the next generation of online learning, allowing learners to follow their curiosity and benefit from faculty expertise.
The launch ceremony was co-hosted by NYU Shanghai's Education Development Foundation and the library. Around 120 people attended the event offline, while thousands more watched the live stream online. Shanghai HiTime Real Estate (Group) Co., Ltd. President Zhang Suoming congratulated the project on behalf of HiTime Group and its Chairman Ding Jinsong. HiTime Group has been a key supporter of the Mini Course since its inception and of NYU Shanghai since its establishment. He praised NYU Shanghai for empowering self-directed learning, regardless of one's background, and emphasised the importance HiTime Group places on education. A decade ago, HiTime Group began working with NYU Shanghai.
"Universities have a sacred role in the cultivation of human beings, and NYU Shanghai has produced a large number of outstanding talents for society since its establishment. We are grateful to NYU Shanghai for providing a window to share and learn. It provides opportunities for everyone to create more value for society in today's rapidly changing world.
NYU Shanghai's diverse and unique liberal arts education is reflected in the range of courses offered on the Mini Course platform. The official Mini Course website features 11 meticulously produced courses on topics such as public speaking, dance, legal psychology, the Chinese family, history, philosophy, computer music, social media, GitHub, game theory, and blockchain. The Mini Course app is available on the Apple and Android app stores, and selected videos are available on the Mini Course official account on Bilibili, making these courses accessible on computers and mobile devices.
The Mini Course platform is not a typical MOOC (Massive Online Open Course). The courses are taught by an international team of renowned academics and industry experts with extensive experience. These include the Chancellor and Provost of NYU Shanghai. The mini-courses have been selected and tailored specifically for Chinese-speaking audiences, according to the Research & Instructional Technology Services (RITS) team, which managed the project. They offer "Basics +" courses, which are more interdisciplinary in nature, rather than repurposing offline courses. For example, computer science and art are combined in the Computer Music course. The mini-course series is an example of NYU Shanghai's multiculturalism and commitment to liberal arts education through the combination of historical materials and cutting-edge technology.
Each course on the Mini Course platform consists of six to fourteen 10-minute lectures with Chinese and English subtitles. Some courses also include additional reading materials and practical exercises. Designed to meet the needs of online learners in China, the courses integrate engaging content with engaging visual elements. According to Zu Xiaojing, Director of the NYU Shanghai Library, the courses "enable learners to make effective use of their time, explore diverse content, and maximise learning outcomes".
NYU Shanghai Provost and Affiliated Professor of History Joanna Waley-Cohen moderated a panel of mini-course instructors, including Registrar and Professor of Philosophy Tong Shijun, Professor of Psychology Pekka Santilla, Assistant Professor of Dance Tao Siye, and Associate Professor of Business Practice Ilaf Elard.
Shanghai, the most populous city in China, is a global hub for finance, innovation, technology, manufacturing, and transportation1. This article aims to provide a snapshot of the recent happenings in Shanghai, as reported by the Shanghai Newspaper.To get more news about shanghai newspaper, you can citynewsservice.cn official website.
Shanghai is a city that never sleeps. It is constantly evolving and adapting to the changing times1. One of the recent developments in the city is the ease of applying for residence permits and business visas. Expatriates now have the option of keeping their passports with them instead of leaving them at the Exit-Entry Administration Department. This move is expected to attract more foreign talent and investment to the city.
The city is also a cultural hotspot. The second Citizens Collection exhibition organized by the Shanghai Citizens Art Festival is currently seeking Shanghai-style exhibits from local individual collectors. This event provides an opportunity for citizens to showcase their collections and contribute to the rich tapestry of Shanghai's culture.
In addition to its cultural offerings, Shanghai is also a city that values its tourists. Seventy local tourist attractions will offer half-price admissions from September 16 to 22 during the upcoming Shanghai Tourism Festival1. This initiative is expected to boost tourism and provide visitors with an affordable way to explore the city's many attractions.
On the economic front, China's express delivery sector expanded in August, indicating a robust courier industry. Furthermore, China's consumer price index edged up 0.1 percent in August compared with one year earlier1, while its producer price index went down 3% year on year. These statistics provide insight into China's current economic climate.
In sports news, Germany stunned the US 113-111 on Friday, advancing to their first-ever FIBA World Cup final1. Meanwhile, Serbia secured a spot in the gold medal game by defeating Canada 95-861. These exciting developments have captured the attention of sports enthusiasts worldwide.
Lastly, Shanghai is not just about business and entertainment; it also cares about its community. The Shanghai Tourism Festival organizers released a bunch of enterprise-initiated activities on Friday, making the event a gala of all that runs from September 16 to October 61.
In conclusion, Shanghai is a city that seamlessly blends tradition with modernity. It is a city that innovates and inspires. Whether it's through its business-friendly policies, vibrant cultural scene, or exciting sports events, Shanghai continues to make headlines for all the right reasons.
In ancient China, women did not enjoy the same status or political rights as men. They were subordinate to their fathers, husbands, and finally, their sons in a system known as the "three followings" or sancong1. This system often led to physical ill-treatment, social segregation, and competition for their husband's affections with concubines.To get more news about women in ancient china, you can visit shine news official website.
Despite these harsh realities, some women managed to break through these barriers. The practical realities of daily life meant many women could and did circumvent conventions1. Some even rose to live extraordinary lives producing great literature, scholarship, and even ruling the Chinese empire itself.
The societal status of both women and men in ancient China was closely related to the Chinese kinship system2. The marital division of labor of "men plow, women weave" is expected to widen the gap in power of household decision-making in favor of men, keeping women in a subordinate position.
In theoretical terms, women's contribution to society was recognized in the principle of yin and yang1. However, even here, the male (yang) with its associated qualities is considered predominant and subtly superior to the female (yin): hard versus soft, forceful versus submissive, level versus curved, light versus dark, rich versus poor, and so on.
Women were expected to excel in four areas: fidelity, cautious speech, industriousness, and graceful manners1. A woman's virtue was a particularly valued attribute in Chinese society1.
However, the status of women declined from the Song dynasty onward due to the rise of neo-Confucianism2. Restrictions on women became more pronounced2. Despite these restrictions, certain women developed female-specific occupations and exclusive literary circles. They also gained certain types of political influence inaccessible to men.
In conclusion, while women in ancient China were often relegated to a subordinate status within society, they still found ways to express themselves and make significant contributions. Their experiences provide valuable insights into the societal norms and cultural beliefs of ancient China.
Delta Air Lines is one of the leading airlines in the world, offering flights to more than 300 destinations across six continents. Delta Air Lines is also a reliable partner for travelers who want to fly from Detroit to Shanghai, a vibrant and cosmopolitan city in China.To get more news about delta detroit to shanghai, you can citynewsservice.cn official website.
Shanghai is a global financial center, home of the world's busiest container port, and a city of 24 million residents. Shanghai has a rich history, culture and innovation, attracting millions of visitors every year with its architectural wonders, artistic districts and culinary delights.
One of the most convenient ways to travel from Detroit to Shanghai is by flying with Delta Air Lines. Delta Air Lines operates direct flights between Detroit Wayne County Airport (DTW) and Shanghai Pudong International Airport (PVG), which take about 10 hours and 15 minutes. The flights depart from Terminal M at DTW and arrive at Terminal 1 at PVG.
Delta Air Lines offers comfortable and spacious seats, complimentary snacks and beverages, Wi-Fi access, entertainment options and friendly service on board. Delta Air Lines also provides various amenities at PVG, such as free shuttle buses, duty-free shops, restaurants and lounges.
Delta Air Lines also offers flexible booking options for travelers who want to save money or change their plans. Delta Air Lines has a Low Fare Commitment program that guarantees the lowest price for any flight booked on delta.com or through a travel agent. Delta Air Lines also has a Change or Cancel policy that allows travelers to modify or cancel their reservations without fees or penalties under certain conditions.
Delta Air Lines is committed to providing safe and reliable travel experiences for its customers. Delta Air Lines follows strict health and safety protocols to protect its passengers and crew from COVID-19. Delta Air Lines requires all passengers to wear masks, maintain social distancing and undergo temperature checks before boarding. Delta Air Lines also provides hand sanitizer stations, enhanced cleaning services and contactless check-in options at DTW and PVG.
Delta Air Lines is more than just an airline; it is a trusted partner for travelers who want to explore the world. Whether it is business or leisure travel, Delta Air Lines can help you reach your destination with ease and comfort. Book your flight with Delta Air Lines today .
Shanghai is a city with a rich history and culture, but also a city with a passion for basketball. Shanghai has two professional basketball teams: the Shanghai Sharks and the Shanghai Eastern Tigers. Both teams play in the Chinese Basketball Association (CBA), the top-tier league in China. In this article, we will introduce the features, achievements, and challenges of these two teams, and help you understand why basketball is so popular in Shanghai.To get more news about shanghai basketball, you can visit shine news official website.
The Shanghai Sharks: The Former Club of Yao Ming
The Shanghai Sharks are one of the most successful and popular teams in China. They have won four CBA championships, nine CBA Finals MVP awards, and 14 CBA All-Star selections. They are also known as the "Shanghai Dragons" or the "Shanghai Superstars".
The Sharks have a loyal fan base that spans across China and beyond. One of their most famous fans is Yao Ming, one of the greatest players in NBA history. Yao played for the Sharks from 1997 to 2002, and helped them win their first CBA title in 1998. He also led them to three consecutive finals appearances from 2000 to 2002. He was named the CBA Finals MVP three times (2000, 2001, and 2002), and was selected as an NBA All-Star eight times (2003-2011).
Yao retired from basketball in 2011, after playing for the Houston Rockets for 13 seasons. He is widely regarded as a legend and an icon in China and around the world. He is also involved in various social causes, such as education, health care, environmental protection, and disaster relief.
The Sharks have continued to be competitive and successful under different coaches and players over the years. Some of their notable players include:
Yi Jianlian: A former NBA player who played for several teams from 2010 to 2016. He was named the CBA Finals MVP twice (2014 and 2015), and was selected as an NBA All-Star once (2014).
Wang Zhizhi: A former NBA player who played for several teams from 2009 to 2016. He was named the CBA Finals MVP once (2013), and was selected as an NBA All-Star once (2013).
Zhou Qi: A former NBA player who played for several teams from 2008 to 2016. He was named the CBA Finals MVP once (2012), and was selected as an NBA All-Star once (2012).
Wang Zhizhi: A current player who plays as a shooting guard or a small forward.
Liang Hongbo: A current player who plays as a center or a power forward.
Zhang Yixuan: A current player who plays as a point guard or a shooting guard.
The Shanghai Eastern Tigers: The Younger Rivals of The Sharks
The Shanghai Eastern Tigers are another professional basketball team based in Shanghai. They were founded in 1997 by former NBA star Dennis Rodman, who wanted to promote basketball development in China. They play at the Dongcheng Gymnasium, which has a capacity of over 10,000 spectators.
Shanghai Sharelife is a reality television show that has captured the attention of audiences worldwide. The show, which is set in Shanghai, is a unique blend of romance, life, and reality TV.To get more news about shanghai sharelife, you can citynewsservice.cn official website.
The premise of Shanghai Sharelife is simple yet intriguing. It brings together celebrities and ordinary people under one roof, where they live together as housemates. The show provides a platform for these individuals to interact, form relationships, and navigate the complexities of cohabitation.
One of the key aspects of Shanghai Sharelife is its focus on authenticity. Unlike many reality shows that are heavily scripted, Shanghai Sharelife prides itself on its genuine portrayal of life. The interactions between the housemates are real and unscripted, providing viewers with a raw and unfiltered glimpse into their lives.
The show also offers a unique perspective on dating. With its cohabitation format, Shanghai Sharelife explores the dynamics of romantic relationships in a shared living environment. This aspect of the show has resonated with viewers, making it a popular choice for those interested in dating shows.
In addition to its engaging content, Shanghai Sharelife also boasts a diverse cast. The show features a mix of celebrities and ordinary people, each bringing their unique personalities and experiences to the table. This diversity adds depth to the show and makes for compelling viewing.
Shanghai Sharelife is more than just a reality TV show. It is a reflection of modern life, capturing the joys, challenges, and complexities of cohabitation and interpersonal relationships. With its authentic portrayal of life and unique format, Shanghai Sharelife is redefining the landscape of reality TV.
In the world of confectionery, there are certain items that evoke a sense of nostalgia and warmth. One such item is the iconic blue tin cookies.To get more news about blue tin cookies, you can visit shine news official website.
The blue tin cookies, also known as Danish butter cookies, have been a staple in many households for decades. These cookies, housed in their distinctive royal blue tin, are more than just a sweet treat. They are a symbol of tradition, of simpler times, and of shared moments.
The cookies themselves are a marvel of simplicity and perfection. Made with just a few basic ingredients - butter, sugar, flour, and eggs, they are a testament to the adage that sometimes, less is more. Each cookie is a perfect blend of sweet and salty, with a texture that is both crisp and melt-in-the-mouth.
But perhaps what makes the blue tin cookies truly special is the memories they hold. For many, these cookies are a reminder of childhood, of afternoons spent with grandparents, of festive celebrations, and of moments of comfort. The blue tin, once the cookies are consumed, often finds a second life as a storage container, a testament to its enduring appeal.
In conclusion, the blue tin cookies are more than just a confectionery item. They are a piece of history, a symbol of nostalgia, and a sweet reminder of the moments that make life worth living. So, the next time you see a blue tin of cookies, take a moment to savor not just the cookie, but the rich tapestry of experiences it represents.
In the digital age, ordering movie tickets has become a breeze. With just a few clicks or taps, you can secure a seat to the latest blockbuster or an indie gem. This guide will walk you through the process of ordering movie tickets, ensuring a smooth and enjoyable movie-going experience.To get more news about order movie tickets online, you can citynewsservice.cn official website.
The first step in ordering movie tickets is choosing the movie you want to watch. With a plethora of genres and styles to choose from, this can sometimes be the hardest part. Consider factors such as the genre, director, cast, and reviews when making your decision.
Once you've decided on a movie, the next step is to choose a cinema. Factors to consider include the location, the quality of the screens and sound systems, and the overall ambiance of the cinema. Some cinemas also offer additional amenities such as reclining seats, in-seat dining, and premium formats like IMAX or Dolby Cinema.
After choosing a cinema, you'll need to select a showtime. Most cinemas offer multiple showtimes throughout the day, giving you the flexibility to choose a time that fits your schedule. Remember to factor in additional time for previews and commercials, which can add up to 20 minutes to the runtime.
Now comes the actual process of ordering the tickets. This can typically be done through the cinema's website or a ticketing app. You'll need to create an account if you don't already have one. Once you're logged in, navigate to the page of the movie you want to see, select your showtime, and choose your seats if the cinema offers reserved seating.
Next, you'll be prompted to make a payment. Most ticketing platforms accept a variety of payment methods, including credit cards, debit cards, and digital wallets. Some platforms also offer the option to add on extras at this stage, such as popcorn and drinks, or premium seating options.
After making the payment, you'll receive a confirmation of your order. This will typically be sent to your email address, and may also be available in your account on the ticketing platform. The confirmation will include important details such as the movie title, showtime, cinema location, and your seat numbers.
On the day of the show, arrive at the cinema with plenty of time to spare. If you ordered concessions with your tickets, pick them up from the designated counter. Then, head to your auditorium and find your seats. Sit back, relax, and enjoy the show!
Ordering movie tickets might seem like a simple task, but there's an art to planning the perfect movie outing. By carefully choosing your movie, cinema, and showtime, and by navigating the ordering process with ease, you can ensure a seamless and enjoyable experience. So grab some popcorn, sit back, and let the magic of the movies transport you to another world.
Chinese news websites serve as a crucial source of information for millions of readers worldwide. They offer a unique perspective on global events, particularly those related to China, and provide a platform for understanding the country's culture, economy, politics, and more.To get more chinese news website, you can visit shine news official website.
One of the most prominent Chinese news websites is the "Chinese Daily". It provides real-time news and covers a wide range of topics. The website offers updates on the political landscape, both in China and internationally. It also features sections dedicated to finance, sports, health, and entertainment, catering to the diverse interests of its readers.
Another notable Chinese news website is the "BBC News Chinese"2. This website is the official Chinese-language version of the globally recognized BBC News. It provides comprehensive news coverage and in-depth analysis of various topics. The website is known for its unbiased reporting and high journalistic standards.
The "China News Service Website" is another influential Chinese news website. It distinguishes itself by offering news in English, making it accessible to a broader audience. The website is renowned for its in-depth reporting on China's economic and social developments.
These websites play a crucial role in shaping the understanding and perception of world events among Chinese readers. They offer a Chinese perspective on global affairs, thus fostering a sense of community among Chinese readers worldwide.
In conclusion, Chinese news websites are more than just a source of news. They are a cultural bridge that connects Chinese communities globally, fostering a sense of shared identity and mutual understanding. Through their comprehensive coverage of local and international news, these websites play a pivotal role in informing and shaping the worldview of their readers.
In the era of globalization, the role of media as a bridge between cultures cannot be overstated. Among these, English-language Chinese newspapers have emerged as a significant player, providing a unique perspective on China and its place in the world.To get more chinese newspapers in english, you can visit shine news official website.
One of the most prominent of these publications is the China Daily. As a national daily, it offers comprehensive coverage of events across the country. From economic trends to educational policies, the China Daily provides insights into the workings of the world's most populous nation.
Another noteworthy publication is the South China Morning Post. Based in Hong Kong, it offers a unique blend of local and international news. Its coverage extends beyond China, offering insights into broader Asian affairs. The South China Morning Post is particularly known for its incisive analysis and opinion pieces, which often challenge conventional wisdom and provoke thoughtful discussion.
The China News Service, with its official English-language website Ecns.cn, is another key player in this space. It provides a wide range of news, comments, analysis, photos, and videos on China's society, business, culture, science and technology, sports, and more. Its broad coverage makes it a valuable resource for anyone seeking to understand the multifaceted nature of contemporary China.
These English-language Chinese newspapers play a crucial role in shaping global perceptions of China. They offer a window into the country's complexities, from its rapid economic growth and technological advancements to its social challenges and cultural richness. By presenting news and analysis from a Chinese perspective, they help to foster a more nuanced understanding of the country and its people.
Moreover, these newspapers serve as a platform for dialogue and exchange. They not only report on China but also reflect on global events, offering Chinese perspectives on issues of international significance. In doing so, they contribute to a more balanced global discourse and promote mutual understanding between China and the world.
In conclusion, English-language Chinese newspapers are more than just a source of news. They are a bridge between cultures, a platform for dialogue, and a tool for fostering mutual understanding. As our world becomes increasingly interconnected, their role will only continue to grow in importance.
In the intricate landscape of global finance, China's Tax Identification Number (TIN) system plays a pivotal role in the administration of tax and fiscal policies. The TIN is a unique identifier that aids in streamlining tax collection and combating tax evasion, ensuring a fair and efficient tax system.To get more news about china tax id, you can citynewsservice.cn official website.
The Essence of TIN
The Chinese TIN is an 18-digit number, meticulously structured to ensure the accuracy and uniqueness of each taxpayer's identity. For individuals, this number is typically their Chinese ID card number. Entities, on the other hand, are assigned a TIN that corresponds with their Uniform Social Credit Code found on their Business Licence.
TIN for Individuals
For Chinese citizens, the TIN is their 18-digit ID number. This number follows a specific format, with the first six digits representing the area code, followed by an eight-digit birthdate sequence, and ending with a four-digit section that includes a checksum digit. Foreign nationals residing in China are assigned a TIN by the local tax office, which is crucial for fulfilling tax obligations within the country.
TIN for Entities
Businesses operating in China are required to register with the tax authority to obtain a TIN or Uniform Social Credit Code. This code is essential for all financial transactions and legal activities within the Chinese market. The transition from a 15-digit old TIN to the new 18-digit format reflects China's commitment to modernizing its tax system.
The Role of TIN in Compliance
The TIN system is integral to China's efforts to align with international tax standards. It facilitates the exchange of tax information with other countries and enhances transparency in financial dealings. For businesses, the TIN is indispensable for tax filings, obtaining tax incentives, and avoiding double taxation.
Conclusion
China's TIN system is a testament to the country's dedication to maintaining a robust and transparent fiscal framework. As China continues to integrate into the global economy, the TIN system will remain a cornerstone of its tax infrastructure, ensuring compliance and fostering trust in its financial systems.
Introduction
Shaxian Delicacies, originating from Shaxian District in Sanming, Fujian, China, is a beloved style of cuisine that has captured the hearts (and taste buds) of many. Let's delve into the rich history, flavors, and global success of this culinary gem.To get more news about shaxian delicacies, you can visit shine news official website.
Origins and Character
Shaxian District: Located in Fujian Province, Shaxian District is the birthplace of this delectable cuisine.
Business Model: Shaxian Delicacies follows a unique business model-"connected and not locked." It's family-oriented and mainly operated by locals from Shaxian County.
Adaptability: The dishes evolve based on regional tastes, making them universally appealing.
Expansion and Popularity
Nationwide Reach: In 1997, the government supported nationwide expansion. Shaxian Delicacies spread from Fujian to the Pearl River Delta, Beijing, and the Yangtze Delta.
Restaurant Count: By 2007, over 13,000 restaurants across China served Shaxian cuisine.
Variety: With 240 national delicacies, Shaxian Delicacies offers a diverse menu.
Overseas Success: It has settled in over 60 countries, including the UK, Japan, and the United States.
Authenticity and Trademark
Trademark Challenge: Shaxian is a place name, so trademark laws prohibit its use. Only the one with the Pac-Man-like graphic logo is authentic.
Franchised Enterprise: Controlled by SASAC, Shaxian Delicacies owners operate their stores and share profits.
Conclusion
Shaxian Delicacies bridges tradition and innovation, bringing a taste of Fujian to the world. Whether you're in London or Tokyo, a bowl of Banmian or Bianrou awaits-a true testament to the power of good food.
In an era where digital transactions are becoming increasingly commonplace, Alipay has emerged as one of the most popular and versatile mobile payment platforms globally. Launched by Alibaba Group, Alipay has transformed how people handle their finances, offering a wide array of services that extend beyond mere payments. Whether you're new to Alipay or looking to maximize its features, this guide will help you navigate the application with ease.To get more news about alipay application, you can citynewsservice.cn official website.
Getting Started
To begin using Alipay, you first need to download the app from your smartphone's app store. Available for both Android and iOS devices, the installation process is straightforward. Once downloaded, you'll be prompted to sign up for an account using your phone number. After verifying your number through an SMS code, you'll need to create a secure password to protect your account.
Linking Your Bank Account
One of the primary features of Alipay is its ability to link directly to your bank account, allowing for seamless transactions. To link your bank account, navigate to the "My" section of the app and select "Bank Cards." Here, you can add your bank details by entering your card number, expiration date, and other necessary information. Alipay supports a wide range of banks, ensuring that most users can easily connect their accounts.
Making Payments
Making payments with Alipay is incredibly convenient. The app supports multiple payment methods, including scanning QR codes, transferring funds to other Alipay users, and paying at participating merchants. To pay using a QR code, simply select the "Scan" option from the app's homepage and point your camera at the merchant's code. For peer-to-peer transfers, select the "Transfer" option, enter the recipient's Alipay ID or phone number, and specify the amount.
Managing Your Finances
Alipay offers a suite of financial management tools to help you keep track of your spending and savings. The app's "Wealth" section provides access to a variety of investment products, including savings accounts, mutual funds, and insurance policies. You can monitor your spending patterns, set budgets, and receive personalized financial advice based on your transaction history.
Utility Payments and Other Services
Beyond just financial transactions, Alipay facilitates payments for various utility services. Users can pay their electricity, water, gas, and internet bills directly through the app. Additionally, Alipay provides a range of lifestyle services, such as booking travel tickets, ordering food delivery, and even making charitable donations. These features make it a one-stop-shop for managing daily tasks and expenses.
Security Features
Security is a top priority for Alipay. The app employs advanced encryption technologies to protect user data and transactions. Features like fingerprint authentication, facial recognition, and dynamic passwords add extra layers of security. Additionally, Alipay's fraud detection systems monitor transactions for any suspicious activity, ensuring that your funds remain safe.
Troubleshooting and Support
If you encounter any issues while using Alipay, the app's comprehensive support section is there to help. The "Help Center" provides answers to common questions, step-by-step guides, and video tutorials. For more personalized assistance, users can contact customer service directly through the app's chat function or via a dedicated hotline.
Conclusion
Alipay's extensive array of features and user-friendly interface make it an invaluable tool for managing finances and conducting transactions. By following this guide, you can navigate the application with confidence, taking full advantage of everything it has to offer. Whether you're paying bills, making purchases, or investing in financial products, Alipay streamlines the process, making it easier than ever to stay on top of your finances.
