management, said they are seeing high levels of cash globally. But she also stressed that, alth
ough it increases liquidity, cash may not necessarily be a safe strategy in the long run.
Faced with many uncertainties, including downward pressure on China’s economy and escalating trade fricti
on between China and the United States, 36 percent of the 465 Chinese high net worth ind
ividuals – those with average personal wealth of at least 10 million yuan ($1.45 million) – polled by the Hurun Research In
stitute said that the focus of their investment strategy will be to “avoid risks” this year, mainly by increasing
asset allocation to fixed income products, gold, bank deposits and currency products in the next three years.
Mark Haefele, chief investment officer at UBS global wealth management, said that investors sometimes focus too much on th
eir home region. “Diversification is still the best way to access opportunities and sidestep domestic risks,” he said.
ric and actions regarding the Taiwan question, violated the one-
China principle and the three China-US joint communiques,” he said.
“This has undermined China’s sovereignty and security, sent a seriously wrong message to Taiwan secessionists, and
disrupted regional peace and stability,” Shao said, adding that China must, and will be, reunified.
“If anyone tries to separate Taiwan from the mainland, the Chinese
military will adamantly protect its territorial integrity at all costs,” he said.
As for the South China Sea, Shanahan accused China of undermining fr
eedom of navigation and overflight in the region, and militarizing the local islands.
and even a refrigerator sticker can be delicately made and worthy of being added to your personal collection,” said Zhou.
The success of creative products released by the Palace Museum in Beij
ing and Shanghai Disney Resort has set a good standard for local souvenirs, experts said.
Since 2015, users of the Palace Museum’s official app have received photos and info
rmation of one collection every day, bringing the collections and their fans closer.
As many as 480 styles of phone cases are created by the design tea
m of the Forbidden City. “We designed headphones with beads, and our foll
owers said this design let them feel like the emperor when making calls,” Shan Jixiang, former curator of the P
alace Museum who retired earlier in April, was quoted as saying by the Xinhua News Agency.
By the end of 2017, the Palace Museum released more than 10,000 products. It gen
erated 1.5 billion yuan ($223.8 million) in revenue from its creative products in 2017 alone.
titutions, companies and colleges in Beijing, including the Beijing sub-council of the China Council for the Promotion of Inte
rnational Trade, Beijing Enterprises Group Real-Estate Co and the Beijing Forestry University have participated in nong
overnmental exchange projects in countries such as Cambodia, Mongolia, Myanmar and Nepal.
Generally, those Belt and Road projects involve such fields as business cooperation, cultura
l exchanges, protection of women and children, charity, environmental protection and responses to natural disasters.
In 2018, Beijing and Phnom Penh, Cambodia, became sister cities.
Beijing Enterprises Group has been working on a Sino-Camb
odian special economic zone which is planned to be built as a new industrial city.
Qian Xu, president of the group’s Real-Estate Co, which is in charge of the project, said the company has completed the
regulatory planning process for the special economic zone and will start on infrastructure construction soon.