Shanghai will encourage more cultural and tourism sites to launch nighttime activiti
上海龙凤419es and upgrade the overall service capacity for the nighttime economy, said the city’s authorities.
A village in Yongjia county of Wenzhou was flooded as torrential dow
npour burst a nearby barrier lake, leaving 18 dead and 14 missing on Saturday.上海龙凤419品茶微信
The Shanzao village was submerged by the flood early Saturday morning after T
上海龙凤419yphoon Lekima made landfall at about 1:45 am on Saturday in Wenling of Zhejiang.
The mountain torrential flood, with its highest water level rising above 10 meters within 10 minutes, inundated the vi
llage, besieging 120 villagers who found out it was too late to retreat to higher safety places, the Yongjia government said.上海龙凤419
Over 300 people were involved in the search and rescue mission at the village on Saturday.
Che Jun, Zhejiang’s Party secretary, rushed to the Shanzao village Saturday afternoon to check the damage and casualties.
上海龙凤品茶微信419In Hangzhou, capital of Zhejiang, trees along the scenic West La
ke were blow down by the howling gale at noon, crumbling road lamp poles.
In nearby Shanghai, the local meteorological observatory issued an orange alert on Typhoon Lekima Satur
day afternoon, with heavy downpours expected in its urban area within the next six hours.上海龙凤419
The Shanghai Disney Resort, including Shanghai Disneyland, was closed on Saturday for safety reasons.
It is the first time that Shanghai Disneyland has closed do
上海龙凤品茶微信419wn due to inclement weather conditions since its opening in June 2016.
People who had tickets for Shanghai Disneyland for Saturday can visit the park on any
other day within the next six months (by February 10, 2020), according to the resort.
utional investors, gradual proliferation of product development, and initial signs of fee reductions have been driving the future gr
上海龙凤419owth of China’s ETF market,” said Ray Chou, a partner with Oliver Wyman and co-author of the report.
For example, the E Fund ChiNext ETF, the biggest ETF that tracks the startup board in Chi
na, has seen increases in the number of institutional and retail investors holding上海龙凤419品茶微信
shares, with more than 480 percent and 340 percent growth from 2017 to 2018, respectively.
He suggested that fund management companies develop differentiat
上海龙凤419ed propositions to address investor needs, with pensions being a particularly prom
ising area thanks to the philosophy of long-term investment commitment and stable returns.
China offers consumers three ways to save for retirement – the national pension sys上海龙凤419品茶微信
tem, voluntary occupational pensions, in the form of annuities and covering only a min
上海龙凤419品茶微信ority of the population, and private savings, said Fang Lianquan, a researcher at the Cen
ter for International Social Security Studies of the Chinese Academy of Social Sciences.
“With regulators giving the green light to pension targeted securities investment funds last year, targeted security investm上海龙凤419
ent funds, which fall into the third category, are quickly gathering pace in China,” Fang said.
上海龙凤419″In China the retirement or pension market is on the rise. As regulators started to en
courage commercial pensions, that’s definitely an area that players should look into,” Chou noted.
A report from the Chinese Academy of Social Sciences released la上海龙凤419品茶微信
st year said that the pension gap in China would expand to 890 billion
上海龙凤419yuan by 2020, but the nation’s younger generation seemed ill-prepared for their later years.
According to a survey jointly conducted by investment fu
nd Fidelity International and internet giant Ant Financial last A上海龙凤419品茶微信
ugust, Chinese people aged between 18 and 34 believed they need at least 1.63 million
yuan for a comfortable retirement. But in fact, they have average monthly savings of only 1,339 yuan per capita.
good global vision, political foresight, and understanding of international relations,” he said. “She has ac
complished a lot in the past eight years, thus, moving to lead ECB won’t be difficult for her.”上海龙凤419品茶微信
Wei, also a member of the Academic Committee of the International Mo
上海龙凤419netary Institute of Renmin University of China, said that he also appreciates Lagarde’s ef
forts in making the Chinese currency RMB part of the IMF Special Drawing Rights basket on Oct 1, 2016. It made the R
MB the fifth currency in the basket, joining the US dollar, euro, Japanese yen and British pound.上海龙凤419品茶微信
Edward Tse, founder and CEO of management consultancy Gao Feng Advisory, said that Lagarde’s comp
上海龙凤419rehensive experiences in multilateral institutions would make her a qualified ECB head.
He said that an important part of leading the ECB is balancing the p
olitical interests among eurozone members, so political skills are essential and somet上海龙凤419品茶微信
imes are more important than technical skills. And, in the ECB, there are already many economists to assist her.
“The most important part of leading the ECB is political sensitivity and political coord
上海龙凤419品茶微信ination capacity,” he said. “So EU leaders’ choice of Lagarde is very reasonable.”
He added that the EU’s economy lacks vitality, so whoever is ECB head will find it hard to change the situation.
“If Lagarde gradually solves the current problems with her high political sensitivity, it is already the best scenario,” he said.上海龙凤419
The European Union on Wednesday lowered its forecasts for economic growth next year fo
上海龙凤419品茶微信r both the 19-country eurozone as well as other countries within the bloc, partly due to the United Kingdom’s i
mpending exit from the bloc as well as current trade tensions around the world. Eurozone growth is expected to pick up f
rom 1.2 percent this year to 1.4 percent in 2020, down from a previous estimate of 1.5 percent.上海龙凤419
Tse said that EU’s economy has entered a structural downturn, and in many countries, ma
king short-term adjustments cannot help them achieve rapid economic development.上海龙凤419品茶微信
“Up till now, EU countries haven’t found the means for quic
k economic growth yet, which is different from the situation in China and t
he US, where innovation acts as the main driver for economic development,” he said.
hina’s metro syst上海龙凤419品茶微信em has seen burgeoning growth over the past decades, with up close to 4,600 kilometers built since
the country’s first subway line opened in Beijing back in 1969, according to the 21st Century Business Herald.
Currently, 33 Chinese cities have subways, of which 21 entered the rail transit era in the last 10 years, the newspaper said.
Shanghai led all other Chinese cities with operating mileage of 669 kilometers as of Jun
e 6 this year, followed by Beijing and Guangzhou, with 617 kilometers and 473 kilometers.
Shenzhen’s 285 kilometers of operating mileage won its fourth spot, bu
t the figure lagged far behind the first three, while narrowing the gap with cities such as W
uhan, Chengdu and Chongqing, the newspaper added by compiling relevant data.
As a whole, 13 out of the 33 cities ran lines exceeding 100 kilometers in the same period.