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The chief executive of HSBC has stepped down after less than two years in the job, as the bank
ing giant revealed solid first half profits but warned it faced “challenging” geopolitics.yabo2018体育千花网女神会所
The bank has also said it could cut nearly 5,000 jobs due to a weaker outlook, and the depar
ture of John Flint comes as trade-war tensions flare between the United States and China.yabo2018体育千花网
Under Flint’s leadership, the bank has pivoted to Asia, which
accounted for more than half of its operating income in the second quarter.
HSBC Chairman Mark Tucker said talks over Flint’s future had been “going on for a while” and the decision was not taken lightly.yabo2018体育千花网女神会所
“In the increasingly complex and challenging global environment in which the bank op
rates, the board believes a change is needed to meet the challenges that we face and to capture the very s
yabo2018体育千花网ignificant opportunities before us,” Tucker said. “This is a decision about the future.”
HSBC said it would look both internally and externally for a new leader and that Noel Q
uinn, head of the commercial banking division, will be interim CEO in the meantime.yabo2018体育千花网
The 51-year-old Flint ran the bank’s retail and wealth management business be
fore taking over as chief executive last year. At that time, he was seen as a safe choice for theyabo2018体育千花网女神会所
top job and was known to be the favored selection of his predecessor, Stuart Gulliver.
yabo2018体育千花网In an interview with the Financial Times on Monday, Tucker said: “This had noth
ing to do with personalities; this was a unanimous decision of the non-executive directors.”
Tucker denied that Flint was opposed to new cost cutting plans, which HSBC revealed on Monday would result in up to
4,700 job cuts, or 2 percent of its 237,685-strong global workforce. The move is eyabo2018体育千花网女神会所
xpected to hit senior staff the hardest, helping reduce salary costs by as much as 4 percent.
HSBC made the surprise announcement as it reported a 15.8 percent rise in pretax profit to $12.4 billion for the six months to June 30.
edule,” Kang said. “We place ice blocks in the tunnel to prevent workers from getting sick b
yabo2018体育夜生活ecause of the high temperature, and we also use fans and oxygen transfer stations inside the tunnel.”
With a length of 2,416 kilometers, the Sichuan-Tibet Railway conne
cts Southwest China’s Sichuan province with the Tibet autonomous region. It is the seyabo2018体育夜生活
cond railway linking Tibet with the rest of the world, along with the Qinghai-Tibet Railway.
yabo2018体育夜生活女神会所A guideline on supporting the innovation of institutions and mechanisms for talent devel
opment in southern China’s Hainan province has been released by Chinese authorities.
Jointly issued by the Organization Department of the Communist Par
ty of China Central Committee, the National Development and Reform Commission, theyabo2018体育夜生活
Ministry of Education and four other authorities, the guideline stresses support for the island’s innovation of the traini
yabo2018体育夜生活女神会所ng, introduction and utilization of talent to provide a solid guarantee for its deeper reform and opening-up in all areas.
It calls for efforts to establish a more inclusive mechanism to introduce talent, further imp
rove the mechanism for the evaluation and stimulation of talent and enhance the services for talent.yabo2018体育夜生活
The guideline aims to help train and cultivate ranks of talent in 10 to 15 years who are well-structured, competent, vigoro
us and commensurate with Hainan’s bid to become a free trade port with Chinese characteristics.
yabo2018体育夜生活女神会所Hainan was approved in April 2018 to build a pilot free trade zone and e
xplore the establishment of a free trade port with Chinese characteristics.
Given the current climate of cross-Straits relations, the Chinese mainla
yabo2018体育楼凤nd suspended issuing individual travel permits for Taiwan on Thursday. What do
es the move suggest? Two experts share their views on the issue with China Daily’s Yao Yuxin. Excerpts follow:
yabo2018体育楼凤女神会所DPP should stop splittist activities
Taiwan witnessed rapid growth in tourist arrivals from the mai
nland in the eight years before Tsai Ing-wen became the island leader in 2016.
Individual travel to Taiwan was first permitted for residents of Beijin
yabo2018体育楼凤女神会所g, Shanghai and Xiamen, Fujian province, in 2011 when cross-Straits relations were goo
d thanks partly to Ma Ying-jeou being the Taiwan leader. The arrangement was extended to 47 mainland cities over the fol
yabo2018体育楼凤lowing three years. As a result, mainland tourist arrivals in Taiwan peaked at more than 4 million in 2015.
But tourist arrivals began dropping after Tsai took office, because she and her Democratic Progressive Party refused to rec
ognize the 1992 Consensus that there is only one China, which soured cross-Straits relations.yabo2018体育楼凤女神会所
Mainland visitors－a large number of whom are individual travelers－account for ab
out a quarter of Taiwan’s total tourist arrivals, so the new curbs could rattle the island’s tourism industry andyabo2018体育楼凤
hurt the broader economy. If the situation continues to worsen, the system for mai
yabo2018体育楼凤nland tourists to apply for group travel to the island might also be affected in the foreseeable future.
But ignoring the mainland’s huge contribution to the island’s tou
rism sector prosperity and economic growth, Tsai and the DPP have more brazenly pyabo2018体育楼凤女神会所
ushed forward their “Taiwan independence” agenda without thinking that, by fur
yabo2018体育楼凤ther straining cross-Straits relations, they are compromising the well-being of Taiwan compatriots.
Besides, without any evidence to prove their outrageous claim, Tsai
and her fellow DPP leaders accused the mainland of sending spies and interferiyabo2018体育楼凤女神会所
ng in the local elections last year, which put the safety of mainland individual travelers at risk.
communication Union, said China is a pioneer in reducing the digital divide, with a strong input of resources
?yabo2018体育后花园to ensure that more people can access fast, affordable mobile communication and broadband network services.
After the conclusion of an important meeting of the Communist Party of China Central Committee, the participants said Chi
na seeks to make its fiscal policy more effective and maintain “reasonably ample” liquidity. And instead of resorting to a sti?yabo2018体育后花园品茶微信
mulus in the real estate market, China will lay emphasis on “proactive fiscal policy and prudent monetary policy”.
It is a challenging balancing act, but the right stance at the right time.
?yabo2018体育后花园Meanwhile, White House pledged to impose an additional 10 percent tariff on Chinese imports to th
e US, which caused US stocks to tank 280 points. The White House needs a scapegoat as the Fed cuts ca
nnot offset Trump’s tweet policies, US growth is slowing and a slowdown is looming in 2020.
The CPC Central Committee seeks to avoid targeted but costly stimulus policies, which co?yabo2018体育后花园品茶微信
uld exacerbate new risks of asset bubbles over time, while ensuring adequate fiscal support. Since inf
rastructure investment remains relatively soft by historical standards, fiscal easing on investment is likely in the s
?yabo2018体育后花园品茶微信econd half of the year. And it could be tilted toward small enterprises and startups.
The International Telecommunication Union drafted the Dunhuang Initiative
on Thursday, calling for more countries and regions to promote internet connectivity.
Chen Zhongyue, deputy general manager of China Telecom, said the telecom carrier has been working hard to build b?yabo2018体育后花园
etter telecom infrastructure to help people in remote mountainous regions and districts enjoy fast internet services.
In Gansu province alone, the company has invested 1.9 billion yuan since 2016 to help reduce poverty through building
?yabo2018体育后花园品茶微信more 4G base stations in rural areas. Currently, 96 percent of poverty-stricken administrative villa
ges in Gansu has been covered by 4G signals and 99 percent have been covered by the optical network.
ded on Weibo by defending the integrity of China’s territory.
yabo2018体育419论坛Some State media, including People’s Daily, posted correct maps with the hashtag “R
ight way to open Chinese map” on Weibo and called on people to learn China’s territory better.
The ministry announced on its website that a nationwide program will be held at the end of this montyabo2018体育419论坛女神会所
h to educate the public about national territory and the map of China, as well as how to use the map correctly.
People living in Hotan prefecture in the southern Xinjiang Uygur autonomous region
yabo2018体育419论坛can travel to other parts of China along a newly opened expressway connecting th
e last prefecture in Xinjiang to the modern transportation infrastructure in the rest of the country.
The expressway, linking Shule county in Kashgar prefecture and Moyu countyyabo2018体育419论坛
in Hotan, stretches 434 kilometers and is a subsection of the G30 National Express
yabo2018体育419论坛女神会所way, which links Lianyungang in East China’s Jiangsu province with Horgos on the China-Kazakhstan border.
Construction of the expressway began in July 2017 and it opened on July 31. It has a designed speed of up to 120 kilometers per hour.
The Hotan prefecture had its first expressway linking Moyu county and Hotan cityabo2018体育419论坛
y in August last year, but the expressway was not connected with those in other parts of Xinjiang.
Hotan is located in southern Xinjiang, which is known for its hostile environ
yabo2018体育419论坛女神会所ment and complex geological conditions. It is also one of the poorest regions in China.
Pan Feng, president of a logistics company in Hotan, said the opening of the new expressway is great news for logistics comp
anies as it can shorten the travel time from Kashgar to Hotan from eight hours to just more than four hours.yabo2018体育419论坛女神会所
“The opening of the expressway will improve traffic infrastructure and benefit the economic development and po
verty alleviation of Hotan,” said Lu Jun, head of the construction team for the expressway.
yabo2018体育419论坛Extra efforts were taken to overcome construction difficulties and extreme weather, s
uch as sandstorms, rainstorms and flooding and to protect the local ecosystem, he said.
The total length of expressways in Xinjiang is expected to reach 5,234 km by the end of 2019, withyabo2018体育419论坛
an additional 434 km being built this year, according to the Xinjiang transport department.
?million, and it continued to grow at a double-digit rate, adding 10.9 p
yabo2018体育会所ercent year-on-year, according to the Civil Aviation Administration of China.
Among the total passenger traffic, the Beijing-Tianjin-Hebei region, the Yangtze River Delta, andyabo2018体育会所品茶微信
the Guangdong-Hong Kong-Macao Greater Bay Area have witnessed the largest passenger flows, but the
growth rate in those mature and saturated markets had been relatively slower when compared to smaller cities.
yabo2018体育会所Currently, Embraer accounts for nearly 70 percent of the market share of regional aircraft in the 70 to 150 seat segme
nt in China. Eight airlines, including China Southern Airlines, Hebei Airlines, Tianjin Airlines, Colorful Guiyabo2018体育会所品茶微信
zhou Airlines and Guangxi Beibu Gulf Airlines, operate 105 Embraer commercial aircraft in China and Mong
olia. Bombardier Inc of Canada, China’s home-built ARJ 21 and Russia’s Sukhoi take the rest of the market.
yabo2018体育会所In April, the E195-E2 model received certification from the Brazilian Civil Aviation Agency, the US Federal Aviation Ad
ministration and the European Aviation Safety Agency, and it is waiting to get certified by the Chinese authority.
Embraer, the third-largest aircraft manufacturer after Boeing Co and Airbus SE, is nyabo2018体育会所品茶微信
ow in discussions with domestic carriers about the potential purchase of its latest aircraft model.
China has the largest number of plateau airports globally, and they are mainly locateyabo2018体育会所
d in western China, such as the Tibet autonomous region, as well as Qinghai, Sichuan and Yunnan provinces.
“Those plateau airports require aircraft with good highland performances and a reasonable seat layout, to meet the de
yabo2018体育会所品茶微信mand of areas with high altitude and lower customer flows. The E195-E2 model would be a jet that is ideal for tho
se areas,” said Guo Qing, vice-president of sales and marketing at Embraer China.
“Airlines may choose to configure the cabin in two classes with 120 seatsyabo2018体育会所品茶微信
or a single class with up to 146 seats. It has significantly lower costs per trip, which w
ill enable carriers, especially budget airlines, to extend additional secondary markets,” he said.
ech players. The good news is that the niche market pursued by Chinese space startups is a huge one, given China’s strong domestic demands
yabo2018体育乌托邦品茶微信for microsatellite launch. If the quick emergence of Chinese space startups offers any indication to the future, I’d be c
onfident to see at least a couple of them rise to be credible contenders in the international space game.
yabo2018体育乌托邦Editor‘s note: China Radio International recently published a commentary on its website exposing t
he hypocrisy of US government’s criticism of the human rights situation in other countries. Excerpts below:
The United States has long used human rights as a means of putting pressure on other coyabo2018体育乌托邦品茶微信
untries. Whenever it is unhappy with some country, it will publish a human rights report of that country.
yabo2018体育乌托邦However, it should reflect on its own human rights situation before criticizing other c
ountries. For many nonwhite Americans, the “American Dream” is actually an “Am
erican nightmare” as white supremacy and incitement to hatred have become so rampant in the country.yabo2018体育乌托邦品茶微信
Data from Mapping Police Violence show that there are hundreds of police shootings of African-Americans in the US each year, many fatal.
yabo2018体育乌托邦In international politics, US politicians turn a blind eye to their own country’s bad human rights record, while issuing irres
ponsible comments about human rights in other countries. Recently they even attacked China’s policies in the Xin
jiang Uygur and Tibet autonomous regions, accusing China of restricting religious freedom.
Are US politicians sure that they are not blaming themselves? Their words are like jokes that aren’t funny.yabo2018体育乌托邦品茶微信
How can US politicians blame other countries? They should look at their own problems first.
yabo2018体育乌托邦The US has widening social gaps, worsening sec
urity conditions, worse gender inequality and racial discrimination.
It is time the US cured its own diseases first.yabo2018体育乌托邦
For all its self-promotion that it is a defender of human rights, the US
yabo2018体育乌托邦品茶微信is unable, or unwilling, to address the issue of racial discrimination.Until it can talk of i
ts own human rights situation with a clear conscience, it is in no position to criticize other countries.
tions for 222 domestically developed Class-1 new innovative drugs, while the figure
yabo2018体育龙凤品茶微信s for 2017 were 402 and 181. Class-1 new drugs refer to drugs that have never been mark
eted in China or overseas, and innovative drugs means drugs with independent intellectual property rights.yabo2018体育龙凤品茶微信
Among all the applications in 2018, 403 applications were for 198 drugs’ clinical trial approv
als, and 45 were for market approval for 24 drugs, while in 2017, 379 applications were for clinical trial appro
vals, involving 171 drugs, and 23 applications were for market approval, involving 10 drugs.
yabo2018体育龙凤In 2018, 323 applications were for 115 chemical drugs, and 123 were for 106 biologics, while
in 2017, 324 applications were for 112 chemical drugs and 76 applications were for 68 biologics.
yabo2018体育龙凤品茶微信Song Ruilin, executive president of the China Pharmaceutical Innovatio
n and Research Development Association, said Chinese pharmaceutical companies have ma
yabo2018体育龙凤de remarkable progress in innovative drug research and development in the past few years,
especially in the area of biologics, thanks to their focus on innovation and homegrown R&D.
“In terms of pharmaceutical innovation, where we are now is completely different from where we were 15 years ago,” he said.yabo2018体育龙凤
“Chinese companies used to focus on generics, but now they have been buil
ding up R&D capabilities and many invest generously in innovative drugs.”
yabo2018体育龙凤品茶微信From 1949 to 2008, less than five domestically developed drugs were approved by Chine
se authorities, while from 2008 to 2018, the number increased by about 10 times to about 40, according to Song.yabo2018体育龙凤
In 2018, nine Class-1 new drugs developed by domestic pharmaceutical companies wer
yabo2018体育龙凤品茶微信e approved in China, figures from the National Medical Products Administration showed.
Most of the nine new drugs are treatments for cancer or rare diseases, or anti-virus therapies tha
t are urgently needed in medical practice, according to the National Medical Products Administration.
China’s courier sector keeps steady expansion in the firs
yabo2018体育贵族宝贝女神会所t half of the year (H1), according to the State Post Bureau (SPB) Thursday.
The combined revenue of the sector in domestic marke
t hit 213.8 billion yuan ($31.08 billion), up 18.3 percent year on year, SPB data showed.yabo2018体育贵族宝贝
A total of 27.13 billion parcels were handled during the period, up 25.8 percent from
yabo2018体育贵族宝贝女神会所a year ago, and June alone saw 5.4 billion parcels delivered, according to the SPB.
Cross-border courier services rebounded fast thanks to the cou
ntry’s preferential policies, booming online retail sales and higher clearance efficiency.yabo2018体育贵族宝贝女神会所
The business revenue of the cross-border service increased 16.9 percent to 33.86 billion yua
yabo2018体育贵族宝贝n in H1 compared with a year ago, with 630 million parcels delivered during the period.
China plans to extend the courier network and improve computer systems, services and in
ternational connections by 2020, when the target annual revenue of the courier sector will hit 800 billion yuan.yabo2018体育贵族宝贝女神会所
Firms ramping up innovation efforts in new sectors like high-quality drugs and biologics
yabo2018体育贵族宝贝As China moves forward from being the world’s manufacturing powerhouse t
o an innovation-driven economy focusing on high-quality development, the innovation capa
bilities of Chinese pharmaceutical companies have been growing steadily, reflected by tyabo2018体育贵族宝贝女神会所
he rapid development of domestic biologics and innovative medicine sector, industry people said.
yabo2018体育贵族宝贝According to the Center for Drug Evaluation under China’s Natio
nal Medical Products Administration, it granted approvals for 91 drugs with prio
rity review status in the first half of this year, among which, 65 were domestic drugs while 26 were imported.yabo2018体育贵族宝贝女神会所
In fact, clinical trial and market approval application
s for high-quality biologics and innovative drugs have been increasing in China.
China has been developing its self-designed reactor technology in recent years to reduce reliance on foreign technology.
?yabo2018体育夜生活The company in November 2011 announced its own third-generation reactor
using ACPR1000 technology, which was developed based on lessons drawn from
the Fukushima earthquake crisis and which is believed to be safer than the CPR1000 model.?yabo2018体育夜生活品茶微信
The first four units of Yangjiang nuclear power plant are applying CPR1000 and improved tec
hnology based on it. Units five and six utilize the ACPR1000 technology, said the company.
?yabo2018体育夜生活品茶微信The localization rate of key equipment in the power plant exceeds 85 perce
nt and the average localization rate of the six units is more than 83 percent, it said.
?yabo2018体育夜生活The Yangjiang nuclear power plant is a significant symbol of the large-scale development of nuclear power in China.
A total of 1.51 billion rural tourist trips were made during
the first half of 2019, a year-on-year increase of 10.2 percent, a report said Sunday.
The report was released during a national work conference on rural tourism held by the M?yabo2018体育夜生活
inistry of Culture and Tourism. It was convened in Chengdu, capital of Southwest China’s Sichuan province.
The total revenue during the same time frame reached 860 billion yuan ($125 billion), according to the report.
As of the end of June, rural tourism in China had provided jobs to 8.86 million people, the report said.
?yabo2018体育夜生活Jacobelli said China is already at the forefront of nucle
ar power technology worldwide, with abundant experience in building and operati?yabo2018体育夜生活品茶微信
ng nuclear power stations, with higher standards in the nuclear sector to ensure safety.
?yabo2018体育夜生活Both units five and six of the power plant will be using the Firm-Sys, the digit
al control system developed by CGN for nuclear reactors and a key equipment used
for controlling and monitoring a station’s operations and management to ensure its safety.?yabo2018体育夜生活品茶微信
Unit one of the Yangjiang nuclear power plant was put into commercial operation on March 25,2014, followed by unit two on June 5,
2015. Unit three began operations on Jan 1, 2016, unit four on March 15, 2017 and unit five on July 12, 2018.