BEIJING, Aug. 19 (Xinhua) — The Bank of China (BOC) Cross-border Renminbi (RMB) Index (CRI) increased 21 points month on month to 293 in June, according to the BOC on Wednesday.
The degree of activity in RMB cross-border transactions hit a record high in the month, and the degree of activity in RMB direct investment also witnessed year-on-year and month-on-month growth in June.
Meanwhile, the RMB under the current account saw a net inflow in June. Enditem
Category Archives: News
Wang Jianlin named world’s richest Chinese
HANGZHOU, Aug. 19 (Greenpost) — Wang Jianlin, chairman of China’s property and entertainment giant Dalian Wanda Group, has overtaken Hong Kong’s Li Ka-shing to become the richest Chinese in the world, according to the new Hurun Rich List, reported Xinhua.
Wang’s wealth increased more than 50 percent year on year to 260 billion yuan (40.6 billion U.S. dollars) as of early June, Hurun Research Institute said in a press release on Wednesday.
Hong Kong tycoon Li Ka-shing, 87, was the second richest with a fortune of 200 billion yuan and Jack Ma, founder and chairman of Internet giant Alibaba, was named third richest with wealth of 165 billion yuan.
The list includes 1,577 tycoons from 18 countries and regions worth a minimum 2 billion yuan. Of those listed, 302 are from Kong Kong, Macao, Taiwan and foreign countries.
Their combined wealth was 12.7 trillion yuan, equalling the annual gross domestic product of Russia.
Rupert Hoogewerf, chair and chief Hurun Report researcher, said that Hurun had released this first rich for Chinese worldwide in response to global attention given to Chinese business people.
Hurun has released a China Rich List since 1999.
Wang Jianlin started with real estate. In 2001, at a real estate yearly meeting, he was there together with Feng Lun, Alex Xu and Liu Yonghao as keynote speaker. 14 years later, he became the first richest Chinese while the others still very rich, but mostly focusing on real estate.
Wang has been transforming his real estate into cinemas and entertainment site. He also collected a lot of world famous art works.
He thinks internet is just a tool while Jack Ma is using internet to make numerous shops. Let’s see what will happen in the next 14 or 15 years.
Wang was born in Oct. 24, 1954. He joined the Chinese army in 1970 and graduated from Liaoning University in 1986.
Wang’s success benefitted from China’s opening up policy and the support of governments at various levels. It was also his own and his team’s wisdom to understand the leader’s will and transform his group a couple of times according to the trend.
Source Xinhua
Editor Xuefei Chen Axelsson
Sweden’s strategy ahead of COP21
Stockholm, Aug.19(Greenpost)–Sweden has drawn up a strategy that is to guide Sweden’s work ahead of the climate change conference, COP21, in Paris later this year, according to a statement published in the government website.
The strategy identifies priorities and positions in the Government’s climate policy at national, EU and international level.
The objectives and parts of the strategy
The overarching objective of the strategy is for the UN climate change conference in Paris in 2015 to result in a global, fair and legally binding climate agreement that helps to keep global warming as far below two degrees as possible over time. The strategy rests on three pillars:
- Sweden is to be a leading country and tighten its national climate policy. Sweden is also pushing for the EU to raise its ambitions in terms of emissions reductions.
- The new climate agreement needs to be dynamic so that countries’ binding emissions targets can be subsequently raised.
- A good agreement will only be achieved if willing countries cooperate. Sweden is to prioritise cooperation with the countries that are also pushing for an ambitious agreement and that are most vulnerable to the effects of climate change.
Climate change hits the already vulnerable the hardest
The effects of climate change affect all countries, but poor and vulnerable countries that do not have the resources to adapt to the changes are particularly hard hit. All countries must make the transition to a sustainable society with low emissions and high resilience to the effects of climate change. If done properly, a transition of this kind also has positive effects on economic development and poverty reduction, energy security and improved health, as well as important environmental targets such as clean air.
It is also important to take account of the challenges that come with such a transition. Sweden is encouraging a broader discussion on how the global investment flows can be aligned so that they support socially, economically and environmentally sustainable development with a considerably smaller prevalence of fossil fuels. Important global components include putting a price on carbon dioxide and not subsidising fossil energy.
Raised climate ambitions needed
A new climate agreement under the UN is crucial for international climate efforts. The agreement should be guided by science and include emissions commitments that, over time, can limit global warming to a level as far below two degrees as possible. This will require a higher level of climate ambition as well as new, enhanced initiatives in every country of the world and among central actors, including Sweden and the EU.
COP 21 can provide the political momentum to push forward a higher level of ambition concerning emission reductions also in the EU. Progress is needed regarding both emissions reductions and climate adaptation. Climate financing is important to strengthen climate action. Other tools and instruments for implementation, such as technology development, technology diffusion and capacity development, are also key to achieving the higher climate ambitions. Climate financing will be a crucial issue for whether the world can agree on a new climate agreement in Paris.
Pressure remains on Chinese economy
BEIJING, Aug. 12 (Xinhua) — Newly released economic indicators fell short of market expectations, revealing that the Chinese economy still lacks momentum and downward pressure remains.
China’s value-added industrial output, which measures the final value of industrial production, expanded 6 percent year on year in July, down from 6.8 percent for June, the National Bureau of Statistics (NBS) said Wednesday.
The decline in output growth ended a steady recovery trend recorded in the second quarter of this year.
NBS statistician Jiang Yuan attributed the drop mainly to flagging external demand, a weak property sector and lowered production of some consumer goods, including automobiles and cigarettes.
Year-on-year growth in the first seven months stood at 6.3 percent, the same level as the growth for the first half of the year.
The NBS data only tracks the output of large Chinese companies with annual primary business revenues of more than 20 million yuan (3.16 million U.S. dollars).
Industrial output in China’s western regions increased by 7.9 percent in July, trailed by 7.4 percent in central areas and 6 percent in eastern regions.
Manufacturing output rose 6.6 percent, mining output added 5.6 percent, while that of the electricity, heating, gas and water sectors dropped 0.2 percent, the bureau said.
China’s fixed-asset investment, a major driver of growth, also witnessed slightly slower growth, with no sign of improvement for investment in property and infrastructure.
Retail sales held steady in July, as the growth rate was just 0.1 percentage point lower than a month ago.
Qu Hongbin, chief China economist at HSBC, said the data fell below general market expectations.
The declining output and investment growth showed the rebound in June was just temporary and pressure for growth was again on the rise, Qu said.
“With gloomy prospects for external demand, China will still need to rely on domestic demand to maintain steady growth, indicating that future monetary and fiscal policies should continue to be relaxed,” he said.
China’s exports dropped 0.9 percent from a year earlier in the first seven months, according to new customs data.
A research note from Minsheng Securities also said China’s growth is still facing huge pressure and the country needs to make more efforts to realize its goal of annual economic growth of around 7 percent.
China should take more pragmatic measures to stabilize growth, including further cuts in the reserve requirement ratio (RRR) and more targeted measures to reduce long-term interest rates, Minsheng said.
Qu added that the disappointing figures will also reinforce the market’s expectations for further depreciation of China’s currency, the yuan, posing risks of overcorrection in the exchange rate, which may lead to retaliation from other countries.
On Tuesday, China’s central bank changed the exchange rate formation system to take into consideration the closing rate of the inter-bank foreign exchange market on the previous day, as well as supply and demand in the market and price movements of major currencies.
The central parity rate of the yuan weakened by about 1.6 percent against the U.S. dollar Wednesday, following a 2-percent depreciation on Tuesday.
HSBC forecast an additional 25-basis-point interest rate cut and a 200-basis-point cut to the RRR in the second half to sustain growth.
The central bank has cut both interest rates and the RRR three times since the beginning of this year. Enditem
Source Xinhua
China Headlines: All you need to know about China’s new FX policy
BEIJING, Aug. 12 (Greenpost) — When China’s central bank unexpectedly adjusted its yuan central parity system, it triggered the currency’s biggest decline for decades.
So, what exactly happened?
On Tuesday, the People’s Bank of China (PBOC) changed the way it calculated the yuan central parity rate, to close the gap between the rate and the actual trading rate on the money markets.
From Tuesday, the central parity rate has taken into account the previous day’s inter-bank market closing rate, supply and demand in the market and price movements of other major currencies.
Ma Jun, a central bank economist, described the change to the way the central parity rate is calculated as a “one-off” technical correction that should not be seen as the beginning of a devaluation trend.
Just what is the central parity rate?
Each trading day at 9:15 a.m. Beijing time, the central parity rates of the yuan are announced against 11 major currencies including the euro, sterling, U.S. dollar and yen. The rates are determined by a weighted average of pre-opening prices offered by market makers. When the inter-bank FX market opens 15 minutes later, trading may only take place within 2 percent of the rate.
Why now?
The U.S. dollar is strong and a sharp appreciation in the real yuan rate has hit China’s exports hard. The figures for July slumped by 8 percent. Furthermore, the central parity rate has gradually deviated from the market rate “by a large amount and for a long duration,” according to the PBOC, which has undermined “the authority and the benchmark status” of the central parity system.
How did markets react?
On Wednesday, the yuan declined sharply for the second day in a row, leading to a heavy sell-off in regional currencies and raising concern worldwide that volatility will become a drag on global economic growth.
Asian stocks fell.
The yuan is expected to remain weak and volatile in the near term.
Is this a deliberate move to stimulate exports?
Tuesday’s move is regarded as another step towards allowing market forces to determine the value of the yuan, but is probably not enough to make much difference to either exporters or China’s trade partners.
HSBC say the move does not mean that China has begun to purposely devalue the yuan.
“In an environment of soft global recovery, the benefits of beggar-thy-neighbor competitive devaluation are neither clear nor easy to reap,” was the bank’s analysis of the situation.
How will this affect the Chinese people?
A weaker yuan makes imported products more expensive and foreign travel more costly.
The Chinese are just getting used to their new prosperity. Shopping has become very important to them, especially shopping for imported goods. Foreign travel for its own sake, but more specifically for shopping, is central to the aspirations of China’s new wealthy classes. Those who plan to study abroad, particularly at American schools, will also feel the pinch.
Is all this good or bad for the yuan’s chances of a quick inclusion in SDR?
The International Monetary Fund (IMF) has welcomed the reform, which will certainly raise the prospects for the yuan becoming part of the IMF special drawing rights (SDR) currency basket sooner rather than later.
The change does not directly affect the push for SDR inclusion, but an IMF spokesman said on Wednesday that “a more market-determined exchange rate would facilitate SDR operations in case the yuan was included in the currency basket.”
What’s the risk?
The depreciation might trigger capital flight, dealing a blow to the stability of China’s financial system. Bloomberg economists Fielding Chen and Tom Orlik reckon that a 1-percent depreciation against the dollar will suck 40 billion U.S. dollars out of China. While 40 billion U.S. dollars is certainly not chicken feed, with massive foreign exchange reserves, substantial bank deposits and a controlled capital account, China is well set to deal with such an eventuality.
So, what next?
The PBOC has promised more FX reform along the lines of “market- orientation” and opening up the FX market. More foreign entities are being allowed to participate in China’s financial markets, and the onshore-offshore yuan exchange rate will gradually be unified. Enditem
China Focus: Chinese exporters see limited impact from weakening yuan
SHANGHAI, Aug. 12 (Greenpost) — China’s renminbi extended its sharp drop against the U.S. dollar on Wednesday from the previous day, but exporters say a weakened yuan has a limited effect on their business.
The official guidance rate of the Chinese currency shed 1.6 percent, or 1,008 basis points, on Wednesday, following Tuesday’s sharp fall of 1.9 percent.
Such a sharp decline against the greenback is unusual for the Chinese currency, which has been moving within a narrow range this year despite a firming dollar on expectations of the U.S. Federal Reserve’s rate hikes.
Analysts have largely attributed the correction in the exchange rate to China’s response to the IMF’s call for the currency to better reflect market forces, but the yuan’s weakening came on the heels of weak July export data. Yet exporters have shown a mixed response to the yuan’s drop in value.
“The depreciation does benefit Chinese exports, but to a limited effect.” said Liang Hong, chief economist at China International Capital Corporation.
Liang said that the depreciation that came as a result of tweaking the formation of the renminbi’s central parity rate will only marginally relieve the pressure on growth brought by slowing exports.
China’s July exports slid 8.3 percent from a year ago, far below the street consensus of -1.5 percent.
“The depreciation will boost confidence among exporters after the sluggish July export data,” said Lu Dong, deputy manager at the Shanghai branch of China Export & Credit Insurance Corp. “But that is not the purpose for the yuan’s slide and it won’t be the start of massive depreciation against the dollar.”
According to Julian Evans-Pritchard, China economist at Capital Economics, the change in how the reference rate is set is primarily intended as a move toward greater liberalization of the foreign exchange market ahead of the IMF’s decision about whether or not to include the renminbi in the SDR basket.
Though the yuan has depreciated significantly against the dollar, the drop in value is not as pronounced compared to other currencies.
Still, the yuan’s largest single day drop in almost two decades has some exporters cheering.
“Nothing makes me happier than seeing the yuan weaken against the dollar,” said Jiang Zhencheng, general manager of Shanghai Tianmao Stationary Co. Ltd.
“A strong yuan has blunted our competitiveness in the international market. The correction is such a relief for us as the United States is our key market,” Jiang said.
“The depreciation will benefit textiles and light industry as the two sectors in China are very export-oriented,” said CITIC analyst Ju Xinghai.
However, the actual positive impact of the depreciation is not as much as in theory because change in the exchange rate will lead to price adjustment, Ju added.
“The devaluation of the renminbi does work to our advantage. However, as a weaker yuan pushes up trade volume, our export price will also have to readjust,” said Li Qi, director of production at Licheng Clothing Group.
“Even if we don’t, our overseas clients will demand it anyway,” Li said. Enditem
Iceland’s Central Bank to raise the interest rates by half percentage points.
Stockholm, Aug. 19(Greenpost)–
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise the Bank’s interest rates by 0.5 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 5.5%.
According to the Bank’s new forecast, GDP growth will be just over 4% this year and about 3% per year for the two years thereafter. Over the forecast period, growth will be about ½ a percentage point below the Bank’s May forecast per year. It will be robust nevertheless, and a positive output gap will widen in the coming term, with GDP growth driven by domestic demand – especially private consumption – to a greater extent than in recent years. Investment will be weaker than previously forecast, however, and labour demand will grow more slowly.
Inflation has risen in the recent term but is still below the Bank’s inflation target, particularly if the housing component of the CPI is excluded. However, the inflation outlook has deteriorated markedly since the last forecast, owing to the recent wage settlements, and inflation expectations have risen. Inflation is forecast to rise to 4% early in 2016 and to hover in the 4-4½% range over the next two years before easing towards the target, as the forecast implies that the monetary stance will be tightened in the near future.
Changes in the economic outlook since May are attributable primarily to the effects of large pay increases following the wage settlements and the monetary tightening that inevitably accompanies pay hikes of such size. The changes also stem from global factors, which have contributed to a more pronounced decline in import prices than previously expected, and improved terms of trade, which counteract the inflationary effects of the pay rises. Furthermore, the króna has appreciated slightly, in spite of substantial foreign currency purchases by the Central Bank.
If inflation rises in the wake of the wage settlements, as is forecast, the MPC will have to raise interest rates still further in order to bring inflation back to target over the medium term. How much and how quickly will depend on future developments and on how the current uncertainty plays out, including the degree to which large pay increases are passed through to prices, on the one hand, and the degree to which they prompt rationalisation and productivity growth, on the other. Developments in terms of trade, credit growth, and real estate prices are important factors as well. In addition, the interest rate path will depend on whether other policy instruments are used to contain demand-side pressures in the coming term.
Overnight lending: 7.25%
Seven-day collateralised lending: 6.25%
Seven-day term deposits: 5.50%
Current account: 5.25%
2022 Olympics effect emerging in China
Stockholm, Aug. 16(Greenpost) — Still roughly seven years to go before the 2022 Winter Olympics open in Beijing, the “Olympic Effect” has begun to emerge.
For co-bidder Zhangjiakou, the successful bid not only means holding snow events, but also a catalyst for social and economic development.
Changes have already taken place in Chongli, a county in Zhangjiakou where cross country, freestyle and other skiing events would be held. Polluting mines are being closed, a specific measure to clear smog.
And, Chongli has attracted more tourists and skiing fans since Beijing launched the joint bid with Zhangjiakou in November, 2013.
The 2022 Winter Games is expected to further bolster local tourism and the skiing industry. Zhangjiakou expects the 2022 event to generate 350 billion yuan of investment and create 200,000 jobs.
Preparations for the Winter Olympics will accelerate the economic integration of this area into Beijing and Tianjin, its two developed neighboring municipalities.
A high-speed railway under construction linking Beijing and Zhangjiakou will cut the travel time from the capital to Chongli to around 50 minutes.
In Beijing, the authorities have vowed to curb air pollution, cutting PM2.5 by 20 percent by 2017, and by 45 percent in 2022. The Olympics will push Beijing to clean its sky. In another word, more blue skies might be the most important legacy of the event.
Beijing beat Almaty by 44 votes to 40 to win the hosting rights of the 2022 Winter Olympics at the 128th IOC session on July 31. Enditem
Source Xinhua
Vice Minister Ren Qiliang visits Sweden
Ren Qiliang, Vice Minister of Overseas Chinese Affairs Office of the State Council visits Sweden
By Xuefei Chen Axelsson
STOCKHOLM, Aug. 16 (Greenpost)– Ren Qiliang, Vice Minister of Overseas Chinese Affairs Office of the State Council has led a delegation of five members to visit Sweden during Aug. 13-15.
During his visit in Stockholm, Ren had helped cut the ribbon for the new office building of Swedish Chinese Federation of Industry and Commerce.
Ren said he was happy to attend this opening, he believed that the building would create good conditions for overseas Chinese in Sweden and facilitate them to conduct various activities such as lectures, dancing and singing as well as tourism, Chinese cousin, Kongfu and green-tech.
President of Swedish Chinese Federation of Industry and Commerce, Gongshanglian, Wang Jianrong also briefed the delegation about their plans in the future.
After the grand ceremony, the delegation also visited Swedish Chinese National Federation or Huazong which held a brief lunch meeting with the company of Chinese Embassador Chen Yuming.
During the lunch meeting, Ye Peiqun, Execultive Chairman of Swedish Chinese National Federation said over the past five more years, Chinese in Sweden has made great efforts in protecting Chinese interest and serving as a bridge between Sweden and China.
Ren said he was glad to see the Chinese in Sweden are successful in their work and life.
In the afternoon, Ren and his delegation held a seminar with Chinese in Sweden organized by the Chinese Embassy.
Counselor Guo Yanhang presided over the seminar.
Ren said the main purpose for his visit to Sweden is to greet the Chinese and listen to Chinese voices about their difficulties and needs.
“In the past, over 60 million overseas Chinese have made great contribution to China’s development, now China has developed a lot and China likes to have more cooperation with the overseas Chinese,” Ren said.
Guo Yancai, Chairwoman of the Women’s Committee under the Swedish Chinese Federation or Hualian, said the summer camping in China this summer was very good. She hopes there will be more of this kind of activity.
The Chinese schools masters including Ruijing, Ruiqing, Xinxing and others also mentioned to unite to conduct activities under the leadership of the Overseas Chinese Affairs of the State Council.
They are grateful for the assistance from the State Council and the Chinese Embassy.
Other members of the delegation include, Zhou Hong, Lu Haitian, Liu Hongmei and Zou Chuanbiao.
Ye Kexiong, from Qingtian, Liu Fang from Lianghu, Shuang Yan from European China Cultural Education Center and Chen Xuefei from China-Europe Cultural Association and two scores of other representatives attended the seminar.
China to regulate online equity financing platforms
Stockholm, Aug. 16 (Greenpost) — China’s securities regulator will soon begin inspecting online equity financing platforms to address risks brought by illegal activities and help the platforms better serve the real economy, according to Xinhua.
The China Securities Regulatory Commission (CSRC) will oversee several kinds of online platform, including equity-based crowdfunding, which allows investors to receive a stake in a company funded by pooling money from many people via the Internet, said Deng Ge, spokesman for the CSRC, at a press conference Friday.
The inspection aims to discover and correct illegal activities, minimize risks and lead platforms to perform better in serving the real economy, Deng said.
The inspection will focus on several aspects, including whether the online fund raisers have promoted themselves publicly, whether the accumulated number of equity holders has exceeded 200, and whether the raisers have collected private equity funds in the name of equity-based crowdfunding, Deng said.
Some institutions are operating in the name of “equity-based crowdfunding,” which are actually non-public equity financing or private equity funds raising, hence do not fall within the scope of equity-based crowdfunding activities allowed by the guidelines on promoting the healthy development of Internet finance unveiled easier in July, Deng said.
The CSRC has recently told governments at the provincial level to forbid institutions and individuals from illegally issue stocks under the guise of equity-based crowdfunding.
To support innovation and the healthy development of Internet finance, new policies were rolled out in July in guidelines by ten central government departments and industry regulators, including the People’s Bank of China (PBOC).
More regulation is needed to deal with Internet finance crime, and self-discipline is also required if the industry is to build a sound and honest environment for finance players.
“Internet finance could help small and micro enterprises with investment and fund raising, and also upgrade the quality and efficiency of financial services,” an official with the PBOC said during a press conference. Enditem
Source Xinhua
专访画家陆大有：年轻人要读书，读书，读好书！
北欧绿色邮报报道（记者陈雪霏）－－当代中国画杰出人才一级美术师，南京书画院特聘画家陆大有先生日前在接受本报记者专访时表示，年轻人要读书，读书，读好书！
陆大有是在8月9日在斯德哥尔摩举行的纪念反法西斯战争胜利和中国抗日战争胜利70周年之际接受记者采访的。陆大有先生的画也在市中心的赛格广场进行了展出。8月14日－16日，他正在瑞典西部的卡尔斯塔德市的一个著名画廊举行个人画展。
中国驻瑞典大使陈育明（左）在瑞典华人总会执行主席叶沛群（右）的陪同下参观了陆大有（中）的画展并合影留念。陈雪霏拍摄。
他是中国美协会员，江苏省花鸟画研究会，江苏省徐悲鸿研究会会员。
在谈到他的艺术之路时，陆大有先生感慨地说，艺术之路是一条艰难的路，往事不堪回首，如果没有强烈的兴趣和爱好，是很难成才的。
陆大有从小特别爱好画画，对画画有强烈的兴趣。“我是那种我要学，我要走这条路的人，我从14岁开始就专门往这方面转。”
陆大有1958年生于南京，毕业于苏州美专后入中央美院国画系进修。经过艰苦的努力，他的作品多次参加国内外美展，并获奖，2002年被国家人事部授予“当代中国画杰出人才”。
近年来先后在国内外举办个人画展三十余次，出版个人画集十余种。可以说，陆大有的画尤其是花鸟画得到了专家学者们的认可，也得到了市场的认可。
提到他的成功秘诀，陆大有说，艺术这条路是非常艰苦的，要想成功，前提是不怕吃苦。他以自己的亲身感受讲述了艺术道路的要求，他认为，年轻人应该琴棋书画都要试试。
“主要有八个字，任何一个搞艺术门类的孩子， 或者走这条路的人，都是有天分，勤奋，修养和机遇这八个字。如果没有天分，再勤奋，即使天天不睡觉， 到八十岁也不一定能成功，天分是与生俱来的，从小发现孩子的天分，去培养他，孩子又愿意去吃苦，去奋斗，就容易成功了。” 他说。
他说作为画家，对学问的要求更高，因为中国绘画里的修养指的是读万卷书，行万里路，交万个友，画万幅画，最后再遇到一些名师的指路。
陆大有认为没有深厚的文化底蕴，想达到艺术的高度也是很难的。
“中国画和西洋画最大的差别就是内在的修养，这个修养就是读万卷书，行万里路，这个是非常艰难的，所以，你读书必须破万卷，才能有足够的休养，中国的历史，世界的历史，中国的儒家，道家和佛家的方方面面都要了解，都要研究。”他说。
他说，东西方画的主要区别在于，中国画更注重哲学理念。西洋画更注重科学性。中国画讲究的是散点透视，西洋画讲究的是焦点透视。西方画是点状的。中国用的是水墨，他们用的是油彩。
因此，年轻人如果要成才，就必须“读书读书读好书，首先把书读好了，才能搞好艺术，有的人到一定程度就上不来了，因为没有文化底蕴，因为书没读好。”
他指出，现在国内最大的问题是文化受市场的冲击太大，人们比较浮躁，不能沉下心来做学问，因为做学问必须要静下心来，一味地追求市场，追求经济价值，没有一定的学术性，在历史上是站不住脚的。
曾经出现一种现象，就是读艺术类院校的人，都认为考艺术类可以降低分数线，好多人就是因为可以降分而考艺术类院校，所以文化不具备，以后，走到一定时候，没有内在的文化休养和内在的文化素质，所以创作就上不来，就到不了一定高度，就不能得到专家的认可，不会得到学术的认可，也不会得到市场的认可。
因此，他给家长的建议是不要把自己的意愿强加到孩子身上，如果发现他们有这方面天份，也有意愿，就引导孩子去学习，加强培养。
Top story: China,Belt & Road partners more cooperation on new energy
BEIJING, Aug. 13 (Greenpost) — The Sixth China (Gansu) International New Energy Expo held in China’s wind power base Jiuquan city of Gansu on August 8-9 drew 36 counties around the world to seek opportunities to cooperate with China on new energy development.
With energy self-sufficiency rate being at only 55 percent, Belarus hopes to bring in Chinese technology and investment to develop wind power, solar power and biomass energy to raise ratio of renewable energy in the energy structure, according to Belarusian First Deputy Energy Minister Leonid Shenets, reported China Securities Journal.
Pakistan is actively developing solar energy and plans to launch 3 GW solar PV power projects in 2016 for which Pakistan hopes to utilize Chinese new energy technology, according to State Minister for Water and Power Abid Sher Ali.
Several other countries of Central Asia, West Asia, South Asia, Africa, Oceania, as well as European Union have also expressed intent on cooperation with China on new energy development.
China’s new energy had stepped on fast development since 2005 and has topped the world in terms of wind power installed capacity, according to Liang Zhipeng, deputy director with department of new energy and renewable energy under the National Energy Administration (NEA), noting that China has ranked the second globally in terms of solar PV installed capacity. Chinese-made solar PV panels took up about 67 percent of the world’s total as of the end of 2014, Liang said.
The Belt and Road initiative has brought new cooperation opportunities for China and other countries worldwide on renewable energy development, said Wang Sicheng a researcher with the Energy Research Institute of the National Development and Reform Commission (NDRC), noting that more and more domestic new energy companies such as wind power enterprises will “go out” and explore international opportunities.
China had five wind turbine manufacturers export 189 wind turbines totally 368.75MW overseas in 2014, bringing total export capacity to 1.76125GW by the end of 2014, according to statistics by the Chinese Wind Energy Association. Enditem
Top story: Consumers prefer plug-in hybrid electric vehicles to BEVs
BEIJING, Aug. 11 (Xinhua) — Chinese consumers prefer plug-in hybrid electric vehicles (PHEV) to blade electric vehicles (BEV), according to a report released by the country’s automobile guild and a leading global marketing research firm on Tuesday.
About 14 percent of respondents would prefer to buy a PHEV for its longer run time and lower reliance on charging facilities, while only 8 percent prefer BEVs, despite the fact that sales of BEVs almost doubled those of PHEVs in the first half of 2015, according to a report released by the China Association of Automobile Manufacturers (CAAM) and Nielsen.
Sales of new energy vehicles in H1 more than doubled those in the first half of last year, and China is likely to become the world’s largest electric vehicle market, according to CAAM.
The report also said short run times, long charging times and too few maintenance stations are major barriers to growth of China’s electric vehicle market and revealed that consumers expect more preferential policies for buying and using new energy cars. Enditem
China needs stronger agricultural production: minister
BEIJING, Aug. 11 (Xinhua) — China will increase agricultural production to ensure an adequate and secure food supply.
The goal was unveiled in guidelines to accelerate the transition to modern agriculture, issued last week by the State Council.
“Better production should be the primary objective for the development of modern agriculture,” Minister of Agriculture Han Changfu said Tuesday.
Production capacity should always be of prime importance, Han said, adding that modern agriculture was more efficient and environmentally friendly through the use of technology and better trained farmers.
The government is trying to build a more sustainable agricultural sector, keeping high yields while reducing the use of fertilizer and pesticides to control soil and water pollution.
New, creative approaches to industrial chains are needed, as are farm subsidies, loans and training for farmers.
China’s summer grain output reached a record high of 141 million tonnes in 2015 after 11 consecutive years of growth. Chinese people will consume 50 billion kg more food in 2020 than in 2010.
Given the growing appetite, food safety will continue to be prioritized by policymakers, the Ministry of Agriculture said. Enditem
Rise of China benefits German export : EU think-tank
BRUSSELS, Aug. 11 (Xinhua) — The emergence of China is one of the leading contributors for the superb export performance of Germany in the 2000s compared to other European countries, a recent report by the Brussels-based think tank Bruegel said.
Germany is Europe’s export superstars, with an increase of 154 percent in exports between 2000 and 2013 compared to 127 percent in Spain, 98 percent in Britain, 79 percent in France and 72 percent in Italy, according to the report.
In addition, Germany is seen as a leading role model of successful adjustment from the “sick man of Europe” in the 2000s to an economic powerhouse today, because of a quick rebound in export growth after the financial crisis in 2009.
According to the European Union (EU) trade monitors, Germany contributes one third of the total trade volume between China and Europe. In the five years after the financial crisis, German exports to China almost doubled, a stronger increase than in any other European country.
To explain Germany’s exceptional export performance relative to other European countries, the Bruegel economists found that Germany has benefited more from the opening up of China compared to other European countries.
First, China has become an important sourcing region lowering the production costs of European exporters, the report said.
According to the indicators of the sourcing pattern of European exporters, the biggest gainers from sourcing in China were Britain and Austria. UK exporters, who offshored to China, almost doubled their export market share to the world, while Austria’s exporters increased their export market share by 70 percent compared to exporters which did not offshore to China.
Germany, as the largest European importer of Chinese goods, its imports accounted for 21 percent of all the 28 members of EU.
However, for the export market share of German exporters, sourcing from China was only marginally important. The most important benefit comes from the rapid modernization of China.
The modernization of China exhibited a growing demand for German products with its comparative advantage in machinery, transport equipment and other manufactured goods, the report said.
China has favored particularly Germany’s exports, the economists said, as Germany is the world’s top exporter of cars, vehicle parts, machinery, and engine parts.
Meanwhile, German products has won a global reputation on quality. About 40 percent of German exporters offer top quality goods relative to the market average, the report said.
The most essential reason for Germany’s exceptional export performance is that German export business model builds on quality.
“The focus on quality may explain why export growth in Germany rebounded quickly after 2009 in spite of rapid rising nominal wages,” the report said.
The economists said high quality comes from the effective management. German exports business operate with a decentralized and less hierarchical organization which empowers workers at lower levels of the firm hierarchy.
“Germany is a world champion in exporting because it is a world champion in organizing,” the report noted. Enditem