he China International SME Fair, first held in, is currentl

ly the largest and most influential international gala of its kind in the Asia-Pacific region.

Last year, it witnessed the signing of about 30 billion yuan ($4.46 billion) in busi上海品茶微信女神会所

ness and cooperative contracts between Chinese SMEs and their foreign counterparts.

Under the theme of Intelligence, Wisdom, Smart Manufacturing and Energy Conservation, this year’s event has attracted more than 2,700 SMEs from o上海品茶微信

ver 30 countries and regions, including Bulgaria, the United Arab Emirates and Myanmar. Zhu Xiaodan, governor of Guangdong, said at a rece

ption dinner on Oct 9 that SMEs play a unique and important role上海品茶微信

in stabilizing employment, improving people’s livelihoods and increasing taxes.

To support the steady recovery of the global economy, “Guangdo

ng is looking forward to deepening mutual cooperation with all parties from home and a上海品茶微信

broad, and making more efforts to facilitate local SMEs to experience healthy and innovative development,” Zhu said.

The fair provides four professional exhibitions that are scheduled to be held in three time periods at two venues.

上海品茶微信女神会所The first two exhibitions covering energy conservation, and textiles and apparel took place from Oct 10 to 13 at the Poly World Trade Center Expo.

The Smart Building Materials and Home Decorations Exhibition and the Intelligent Manufacturing and Equipme

nt Exhibition will be held at the Guangzhou International Sourcing Center respectively from Oct 16 to 20 and from Oct 24 to 27.

There are also two h上海品茶微信ighlights of the fair, one of which was a trade negotiation meeting for industrial cooperation and investment matchmaking held on Oct 10.

Organized by the Bank of China, the Ministry of Industry and Information Technology and the Guangd

ong provincial government, the meeting served as the first move after the bank and MIIT decided to initiate a five-year pla上海品茶微信女神会所

n (2016-20) to boost the internationalization of SMEs in August. The plan aims to facilitate their integration into the global market by stren

gthening information sharing and policy coordination, build

ing a cross-border matchmaking platform and innovating financial services.上海品茶微信女神会所

More than 350 overseas companies from 15 countries and regio

ns, as well as nearly 460 Chinese SMEs participated in this face to face meeting.

They covered industries such as modern agriculture, textile and apparel, advanced equipment and home appliances manufacturing.

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The administration 上海品茶微信女神会所ngan Ford since

e 2013 has violat上海品茶微信女神会所ed the Anti-Monopoly Law by setting up minimum resale prices for its downstream dealers in Chongqing.

This impinged on downstream dealers’ pricing autonomy and excluded a

nd limited competition within the brand, said the administration, adding that this pra

ctice weakened competition between brands and encroached on consumers’ legitimate rights.

In accordance with the Anti-Monopoly Law, the market regulator fined Changan Ford four percent of its past -year sales in Chongqing.

The administration said it will continue to enforce the Anti-Monopoly L

aw, ensure fair competition in the market, create a sound business environment, pro

mote high-quality economic development, and protect consumers’ legitimate interests.

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pending on health, education, and social protection coul

State Councilor and Defense Minister General Wei Fenghe will attend the Shangri-La Dialogue w

hich is set to open on Friday in Singapore, said Senior Colonel Wu Qian, spokesman for the Defense Ministry.

Wei’s attendance will be the second time China has sent its defense minister to the internati

onal security forum held by London-based think tank the International Institute for Strategic St

udies. The first time was in 2011, when General Liang Guanglie took part and delivered a speech.

General Wei is scheduled to speak on China’s security cooperation

with the international community and will meet heads of several foreign delegations to dis

cuss a wide range of topics, Wu said at a news conference in Beijing on Thursday.

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As the world’s second largest economy after the United

States, China has achieved extraordinary economic transformation over the past four decades. An

d as China’s economy has transformed, so has the size and make-up of its equity market.

FTSE Russell CEO Mark Makepeace said the company will continue to work with global customers and provi

de benchmark indexes and analysis solutions to promote investment in Chinese stocks and fixed-income products.

A British climber too weak to descend from Mount Qomolangma – know

n as Everest in the West – died on Saturday, officials said, the eighth climber to die on the

world’s tallest mountain and the 18th in Nepal’s Himalayas during the current climbing season.

Hiking officials attributed most of the deaths to weakness, exha

ustion and delays on the crowded route to the 8,850-meter (29,035 feet) summit.

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More comprehensive and well-targeted policy respon

ses are needed to tackle the current growth slowdown,” Elliot Harris, UN chief economist and assi

stant secretary-general for economic development, said Tuesday at a news conference. “It is increasingly clear that policies to pro

mote sustainable development will need to look beyond GDP growth and identify new and more robust measures of

economic performance that appropriately reflect the costs of inequality, insecurity and climate change.”

In response to slowing growth and subdued inflation, major central banks have eased their monetary policy stances. The recent mo

netary policy shifts have helped to stabilize global financial markets and capital flows to emerging economies.

However, the report cautions that a more protracted period of monetary accommodation could exacerbate fina

ncial imbalances, including further fueling debt accumulation and raising medium-term risks to financial stability.

chengduyidong.cn

Lee Byong-hyun, chairman of the executive board of UNE

said at the session’s opening ceremony that multilateral cooperation is crucial in tackling local, regional and global issues.

“My experience has taught me that the key for the success of international cooperation is dialog

ue,” he said. “This requires being curious about others, willing to open up and ready to listen with real engagement.”

Chen Baosheng, minister of education, said civilizations are enriched by exchanges, in which people learn from each other.

“To promote the world’s peaceful development, we need to see more and think more in light of protecting diverse Asian civiliza

tions. It’s encouraging to hold a more inclusive and modest attitude about equal dialogue among Asian civilizations.

“We need to keep the principle of amity, sincerity, mutual benefits and inclusive

ness in mind to make the dialogue among Asian civilizations an inspiration to the world an

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Four Chinese banks ranked among world’s top moneymakers

Four Chinese banks were among the world’s top 10 most profitable companies over

the past year concluding at the end of March, according to a report by Bloomberg.

The Industrial and Commercial Bank of China and China Construction Bank achieved a net in

come of $45 billion and $38 billion respectively over the past year, closely following Apple Inc, which retai

ned its title of world’s biggest moneymaker for the fourth straight year with a net income of $57.2 billion.

The Agricultural Bank of China and the Bank of China were respectively ranked at the

seventh and 10th places in the top profit list, with $31 billion and $27 billion in net incomes.

While financial service companies claimed nine spots among the top 10 most profitable compa

nies, no drugmakers or automotive firms appeared in the list for the first time in eight years, the report said.

shlfcm.com

Ministry of Industry and Information Technology data show

ed China’s digital economy had reached more than 27 trillion yuan ($4 trillio

n) in 2017, a year-on-year rise of 20.3 percent, accounting for nearly 33 percent of GDP.

Lu said the growth rate of the number of people working as new media operators in 2017 was mo

re than 10 times that of 2013. The growth comes as more consumers turn from mass media to new me

dia, which provides more information, is faster, has a more diversified presentation and cheaper cost.

Algorithm engineers, in particular, grew at exponential rates. More than fi

ve times as many people worked as algorithm engineers in 2017 than 2013, he said.

“Algorithm is the foundation for artificial intelligence. AI has started to integrate with other industr

ies and already had been successfully implemented in AI plus marketing, finance and assisted medical dia

gnosis. AI engineers will have more value as AI becomes more closely tied with more businesses,” Lu said.

nj419yw.com

Roughly 20 years ago, when China’s admission to the

World Trade Organization was being negotiated, China’s economy was ti

ny as a portion of world GDP. It was clearly a poor, less-developed country that, except in a f

ew areas, was not able to compete with Western companies in high-value-added products.

As Alexander Hamilton, the first US Treasury secretary, argued, a developing country may need to p

rotect its “infant industries” from already established foreign competitors. This was the policy foll

owed by the US in the 19th century and by Western Europe, Japan, and South Korea in the years after World War II.

China is no longer a poor country. It can no longer compete by using low-wa

ge labor. Fortunately, it has now developed world-class companies that are incre

asingly developing new products and services that can compete successfully in many foreign markets.

gzbbch.com

Earnings growth may sustain at a rather high speed

Wang Yang, an analyst with Soochow Securities based in Suzhou, Jia

ngsu province, said that apart from the economic recovery underpinned by su

pportive policies, cyclical factors also imply that earnings growth will continue to recover in the rest of the year.

According to Wang, the current profit cycle of A-share companies started from 2

016 and should end with recovery this year, as the cycles usually last for 12 to 14 quarters.

This year’s gradual recovery in earnings growth could help the A-share market to withstan

d external uncertainties, said Yan Xiang, an analyst with Shenzhen-based Guosen Securities.

“It is quite different from 2018 when earnings growth of most companies deteriorated. Earn

ings growth, a determinant of the market trend, is likely to be on the recovery path,” Yan said in a note.

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