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ectors have been a “wild west” where Chinese firms did not hesitate to
copy each other or foreigners. But, as China has developed its own technology and moved u上海千花网品茶微信
p the value chain, protecting intellectual property rights has become a high priority for the government.
上海千花网At the China Development Forum in March, Vice-Premier Han Zheng emphasized: “We w
ill step up our efforts for IPR protection as well as law enforcement in various aspects, and establish a sy上海千花网
stem of punitive punishment for IPR infringement to significantly raise the cost of violating the law.”
上海千花网品茶微信And, President Xi announced that China will strengthen intellectual property rights protectio
n in his April speech to the second Belt and Road Forum for International Cooperation.上海千花网
Also, the removal of the requirement that foreign companies enter in
上海千花网to joint ventures should alleviate any fears about mandatory technology transfers.
Financial market reforms
Reform of the financial sector is moving especially rapidly. China will allow full foreign ownershi上海千花网
p of securities firms, futures businesses and life insurance companies by 2020, a year earlier than was s
上海千花网品茶微信cheduled, Premier Li Keqiang told the Summer Davos Forum. Foreign institutions will be offered treatment e
qual to that of domestic companies in credit references, credit ratings and payments, he said.
Li emphasized that this reform is part of a broader push to force domestic上海千花网
firms to upgrade as they face foreign competition. “Further opening to foreign investors, we are no
上海千花网品茶微信t just providing them with opportunities to enter the Chinese market. We are also providing opportu
nities for the financial sector to upgrade and to improve its quality on a level playing field,” Li said.
Measures to boost private sectorThe Chinese government has also recently announced mea上海千花网品茶微信
sures to improve the availability of credit for the private sector and reduce taxes on it.
In a discussion with foreign CEOs at the Summer Davos meeting, Li noted that small and medium-sized companies and private e上海千花网
nterprises provide over 80 percent of employment in urban areas and 60 percent of GDP.
The annual China International Small and Medium Enterprises Fair has played an increasin
上海千花网女神会所gly important role of strengthening cooperation between Chinese business owners and their overseas counterparts, said the event’s organizers.
This year’s fair will start on Oct 10 in Guangzhou, capital of Guangdong province, with 6,000 booths that cover a total area of 150,000 square meters.
Over the past 13 years, more than 8,200 overseas companies had participated in the fair,上海千花网
and 16 countries and international organizations had served as co-hosts of the event.
Following Russia and India, South Africa becomes a co-host of the fair this year, showing the important role of the fair of promoting trade and
上海千花网女神会所economic cooperation among members of BRICS, a commonly used acronym for the emerging-market economies of Brazil, Russia, India, China and South Africa.
International business fair promotes entrepreneurial cooperation, trade
The United Nations Industrial Development Organization is another co-host of this year’s event.
“Thanks to its growing importance of promoting cooperation among global SMEs, more countries and international organizations have shown their interests in co
-hosting the event,” said He Zuoxian, deputy director-general of the Guangdong SME Bureau and director-general of the Bureau of CISMEF.上海千花网
He said a growing number of countries, including the United Arab Emirates, Nigeria, Britain and Israel, are preparing to s
end delegations to the event and will talk to the organizers about possible cooperation with the fair in future years.上海千花网女神会所
Edith Vries, director-general of the Department of Small Business Development of South Africa, said the annual CISMEF has become a global sta
ge where the country’s entrepreneurs display their products to the international market.
“We intend to use the fair as a platform to unlock markets for our small businesses and cooperatives,” Vries said.
he next five to seven years, China’s policy support for new energy vehicles will drive g
lobal growth,” said Kou Nannan, head of research at Bloomberg New Energy Finance.
As early as in 2012, the State Council introduced a pipeline to guide the development of the natio
n’s EVs, with a goal of producing 2 million units and selling 5 million EVs by 2020. Later on, cent
ral and local governments carried out a series of subsidy policies in the NEV industry, such as purchase tax exemption an
d purchase subsidies, to offer greater support to the industrialization of China’s NEV industry.
According to the agency, China will specifically lead in the e-bus market. It is estimated that by
2025, China’s e-bus fleet share will reach 50 percent, and by 2040, the ratio will rise to roughly 80 percent.
This year, PetroChina’s Xinjiang Oilfield Company has been fully develop
ing the Jimsar shale oil field, which boasts 1 billion tons of shale oil reserves, Xinhua reported.
The company has mobilized 36 drilling rigs, started drilling on 47 wells and completed eight wells till now. The daily drille
d footage surpassed 2,000 meters and the total drilled footage reached 160,000 meters.
PetroChina has ramped up exploration efforts on Bohai Bay Basin, Songliao Basin, Ordo
s Basin and Junggar Basin in recent years and shale oil was listed as one of the four exploration goals. Dagang Oilfi
eld, Xinjiang Oilfield, Tuha Oilfield and Changqing Oilfield have been set as important demonstration zones.
Xinjiang Oilfield Company said it planned to mobilize 45 drilling rigs this year to finish drilling nearly 100 wells.
ward underground to Lize Financial Business Area, which is about 3.5 km from Caoqiao Statio
n, so passengers can transfer to Line 14 and Line 16, which are under construction, and Line 11, which is planned.
Masood Khalid, Pakistani ambassador to China, said Chinese culture is a reflection of the cou
ntry’s long and rich history. “It is a civilization that has made an imprint on global culture,” he said.
The ambassador listed a variety of manifestations of Chinese culture, which include Chinese cuisine, dance, art, and costume.
“The way Chinese people attach importance to their family and their children, lookin
g after the elderly – all these practices and traditions have been inherited over time,” he said. “Then after har
d work, they come together with their families and friends.”
A city terminal will be established in the Lize Financial Business Area, p
roviding check-in and luggage check services. Passengers will enjoy more convenience with
the ability to check their luggage and get their boarding passes before they arrive at the new airport.