iyi continues membe上海乌托邦h despite challenges

Chinese on-demand video streaming platform iQiyi Inc reported a 15 percent year-on-year increase in revenu

e in the second quarter of 2019, continuing to see strong growth in its paid membership.上海乌托邦女神会所

Unaudited results show the company’s second-quarter revenue reached 7.1 billion yuan ($1 billion). The report also n

oted iQiyi’s net loss expanded to 2.3 billion yuan from 2.1 billion during the same period in 2018.上海乌托邦

Membership services mainly drove the company’s revenue. The company attributed this to its premium content — es

上海乌托邦女神会所pecially original programming — as well as various operational initiatives during the quarter.

For the second quarter, iQiyi’s membership revenue grew 38 percent year-over-year to 3.4 billio

n yuan, in line with the 50 percent growth it posted as its member rolls jumped to 100.5 million from上海乌托邦

67.1 million during the same period last year. Among overall subscribers, 98.9 percent are paid.

“We achieved continued revenue growth in the second quarter despite some rec

ent challenges facing our industry,” said Wang Xiaodong, chief financial officer上海乌托邦

of iQiyi. “Our membership business generated solid growth, with subscription revenues increasing 38 per

cent year-over-year, driven by our strong content slate during the quarter. As our IP-centered diversification strateg上海乌托邦女神会所

y grows to scale, we are constantly expanding the scope of our value-added services and pursuing better mon

etization. We believe our long-term growth landscape remains intact, and we will conti上海乌托邦

nue to invest in our original content and technology which serve as the dual engines to drive future growth.”

Online advertising service revenue was 2.2 billion yuan in the second quarter, down 16 percent ye上海乌托邦女神会所

ar-on-year mainly due to the challenging macroeconomic environment in China, content launch dela

ys and slower-than-expected recovery of its in-feed advertising, the company explained.

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The State Council meet上海乌托邦lso called for enh

anced information sharing between government departments and platforms, vowing to

上海乌托邦品茶微信introduce a unified national electronic licenses sharing system and electronic invoice service platform.

Meanwhile, financial institutions will be encouraged to provide financing for platform firms.

However, observers have also expressed concerns over negative effects felt during the r上海乌托邦

apid expansion of the sector such as unfair competition, infringement and other issues.

Targeting these challenges for regulation, an arrangement was also reached at the meeting. China will follow an acco

上海乌托邦品茶微信mmodative and prudential approach and seek fair regulating methods conducive to fair competition, said the statement.

The penetration rates of fiber optic and 4G networks have both exceeded 98 percent in Chin

a’s administrative villages, according to the Ministry of Industry and Information Technology (MIIT).上海乌托邦品茶微信

China’s telecom universal services have promoted internet applicatio

ns including tele-education, telemedicine and e-commerce in rural China, said MIIT chief e

上海乌托邦ngineer Zhang Feng at a seminar on telecom universal service and ICT for poverty alleviation.

The services had enabled more people in remote areas to enjoy equal access to basic public services, Zhang said.

The MIIT has launched five batches of pilot projects since the end of 20上海乌托邦品茶微信

15, covering 130,000 administrative villages in 27 provinces with fiber network and ext

ending 4G connections by building 36,000 4G base stations, explained Wen Ku, an official with the MIIT.上海乌托邦

Statistics showed that in the pilot rural area, the network speed, with the average download

上海乌托邦品茶微信rate exceeding 70M per second, is basically as fast as that in Chinese urban cities.

China will expand universal telecom service support an

d improve school network access in rural and remote areas, said Wen.

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On the other hand, the上海乌托邦economy is not showing

optimistic signs. In May, the US’ industrial output declined 1.5

上海乌托邦percent year-on-year. In June, its composite purchasing managers’ index was 51.5-th

e second lowest since 2016. This means the US Federal Reserve could announce interest cuts to stimulate the US economy in

the short term, which in turn suggests the US’ economic growth in this round has almost reached its peak.上海乌托邦女神会所

According to US-China Business Council’s recent data, in actual terms, China’s exports to the US declined by m

上海乌托邦ore than $18 billion, accounting for 3 percent of China’s total exports to the US. And US exports to China dropped by m

ore than $23 billion, accounting for 15 percent of the US’ total exports to China. So even though a trade war is a lose-lose ga

me for both sides, the US stands to lose more than China were the trade war to intensify.上海乌托邦女神会所

More important, China is not afraid of a trade war, because it can use it to deepen reform and o

pening-up. In fact, the trade war has prompted China to accelerate reform and opening-up in order to p

上海乌托邦女神会所romote inclusive development in not only the country but also the rest of the world.

The author is a researcher at the Chinese Academy of International Trade an

d Economic Cooperation. The views do not necessarily reflect those of China Daily.上海乌托邦

Zha, based on a mythical figure in Chinese folklore, has been a box office phenomenon while reviving memories of o

ne of the best cartoon films in China’s modern history. China Daily writer Zhang Zhouxiang comments:

Within five days of hitting the screens, the film had made 1 billion yuan ($145 m上海乌托邦女神会所

illion). In fact, for three successive days its single-day sales exceeded 200 million yuan.

Ne Zha has won unprecedented high popularity from the market and applause from p

上海乌托邦女神会所rofessionals, which is quite rare. Even on Douban, China’s equivalent of IMDb where audiences and commentato

rs are rather critical, it got a rating of 8.7 out of 10, possibly one of the highest in the website’s history.

But on domestic social media networks, some have compa上海乌托邦

red it with Prince Ne Zha’s Triumph Against the Dragon King, an animated movie t

上海乌托邦女神会所hat hit the screens in 1979. Based on the same legendary story, the traditional film is cherishe

d by most people born in the 1980s, because it’s possibly the first animated movie they watched.

grcua.cn

As the country enters a 上海乌托邦socialism with Chine

se characteristics, the less than optimal structure and allocation of functions among Party and State instituti

 上海乌托邦ons have created problems leading to low efficiency, which have made institutional ref

orms imperative. But given the complexity and risks involved and the possible profound influence of the ref

orm, the CPC Central Committee has adopted a cautious but proactive approach to the issue. 上海乌托邦女神会所

Coordinating the reform of Party and State institutions

 上海乌托邦The Third Plenary Session of the 18th CPC Central Committee in November 2013 pu

t forward the task of “coordinating the Party and State institutions’ reform and straightening ou

t departments’ responsibilities and relationships”, while Xi, also China’s president, asked the Central Leading Gr 上海乌托邦女神会所

oup for Deepening Overall Reform to intensify research on the reform of Party and State institutions in 2015.

 上海乌托邦The Third Plenary Session of the 19th CPC Central Committee passed the Decisio

n of the CPC Central Committee on Deepening the Reform of the Party and State Institutions and the Plan on De

epening the Reform of the Party and State Institutions in February 2018, which has propelled the comprehensive im 上海乌托邦女神会所

plementation of the reform. After one and a half years of strenuous efforts, the framework of a system for Party and State

 上海乌托邦institutions’ functions which meets the requirements of the new era was basically established.

First, the national governance system and capacity have been comprehen

sively strengthened thanks to the emphasis on a systematic and holistic approach to 上海乌托邦女神会所

strategic reforms. This round of reform is aimed at promoting various reforms in central-and provincial-level institutions

 上海乌托邦女神会所and restructuring the leadership, governance, military and mass work syste

ms, as well as strengthening the leadership of the Party, enhancing governments’ executive

powers, the armed forces’ fighting capability, and the vitality of mass organizations.

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ankoubei’s Wuhan m 上海乌托邦s how inland regions

Known as the Chicago of China and located alongside the Yangtze River, Wuhan, capital

of Central China’s Hubei province, has been a business hub throughout the nation’s modern history. 上海乌托邦女神会所

In recent years, the city’s Hankoubei area has represented the “Wuhan model”, showing th

 上海乌托邦e world how China’s inland regions have found innovative ways to develop their economies.

Since the start of the Age of Exploration in the early 15th century, global

trade has been focused on oceans, and the coastal regions in eastern China have emerged rap 上海乌托邦女神会所

idly over the past century. However, the vast inland regions of China were left behind because of their geographic di

 上海乌托邦sadvantages, and lack of transportation and communications channels and platforms.

This situation has been changing in recent years, as the nation is shifting its attention t

o its inland regions, to open them up and integrate them into the world economy. 上海乌托邦女神会所

With the proposal of the Belt and Road Initiative, China’s international trade is entering an “inland age”.

Hankoubei’s Wuhan model shows how inland regions can open up 上海乌托邦

The local government of Wuhan is making efforts to build the Hankoubei area into the nation’s biggest domestic trade center.

 上海乌托邦女神会所The area is located between the largest railway station in Asia, the largest airport in Central China and the largest deep-water port in Central China.

In September 2016, the Hankoubei International Commodity Trade Center was listed as a national pilot market for fore

ign trade by on-the-scene purchasing, the only such market in Central and western China. 上海乌托邦女神会所

During the first Wuhan International Commodity Fair of Friendship City, taking place from Nov 14

-16, more than 100 overseas mayors, officials and entrepreneurs visited Hankoubei, where hun 上海乌托邦

dreds of kinds of goods from more than 20 countries and regions around the world were exhibited. More than 100 i

nternational buyers were attracted to the event, and about 40 agreements were reached.

 上海乌托邦女神会所Since its opening-up in 2009, the area has aimed to become a commodity distribution center

for not only Chinese inland regions but the outside world. The Hankoubei wholesale market has gener

ated an annual trade volume of more than 150 billion yuan ($22.9 billion) over the last three years.

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Time ripe for promotin上海乌托邦e in Northeast Asia

The Korean Peninsula is seeing positive signs over denuclearization, with both the Democratic People’s Republic of Korea and the Republic of Korea making all th

e right gestures. Tension has been eased and motivation for regional cooperation boosted. There cannot be a better time for promoting a regional po上海乌托邦

litical and security agenda, as well as economic and cultural exchange, for a peaceful and prosperous Northeast Asia.

These are the best times for Northeast Asia since the 19th century. Countr

ies in the region were colonized by the Western powers, and later by their Asian neig上海乌托邦

hbor, Japan. After World War II, Northeast Asia was caught in the Cold War and divided into two camps.

It has remained the only region still plagued by the Cold War mentality, because the United States has refused to make上海乌托邦

peace with the DPRK. To defend itself from the US, the DPRK resorted to developing nuclear weapons.

In 2018, the DPRK declared a major shift in its national policy, from the previous parallel developmen上海乌托邦品茶微信

t of nuclear weapons and economy to the current focus on the economy. This move has been viewed as an

上海乌托邦initiative to halt nuclear development and extend an olive branch to the other nations.

The DPRK’s concession on its nuclear development has led to breakthroughs in its foreign relations. Two summits between US President Dona

上海乌托邦ld Trump and DPRK top leader Kim Jong-un have been held, as well as three meetings between the DPRK and ROK leaders.

China-Japan relations, which had hit rock bottom following differences over the Diaoyu Isl

ands, are back on track. The ROK and China have started to mend relations that were strained because of US d上海乌托邦品茶微信

eployment of the Terminal High Altitude Area Defense anti-ballistic missile system in the ROK.

China-DPRK relations reached a new high. The positive signs in this region and in the bilateral relations have created a favo

rable atmosphere for regional economic cooperation. Talks on a trilateral China-Japan-ROK free trade ag

reement have resumed, and Japan has voiced its willingness to engage in the Belt and Road Initiative.上海乌托邦品茶微信

All stakeholders in the region should look at the bigger picture and build a peaceful and prosperous Northeast Asia.

First, all the Northeast Asian countries should reach a consensus on cooperation. All nations should safeguard regional stability and press ah

ead for greater development for the long-term goal of building a peaceful and prosperous region.

gzbbae.com

Khoi, the main sfick上海乌托邦女神会所ing ring, was ac

spect in a drug-t上海乌托邦女神会所rafficking ring, was accused of organizing the gang’s members to traffic more than 100 kil

ograms of heroin into China, said Yan Qiwei, head of the narcotics control department in Guangxi.

Vietnamese police uncovered a major cross-border drug-trafficking case in February last yea

r, and seized 100.8 kg of heroin, which the suspects were planning to traffic into China from Laos via a b

order crossing in Vietnam. Khoi escaped to China, Yan said, but was detained in Huizhou, Guangdong, in October.

In order to curb drug smuggling from the Golden Triangle, China has tightened manageme

nt in border areas and strengthened law enforcement cooperation with Laos, Myanmar and Th

ailand on intelligence sharing and the control of chemicals used in the production of drugs.

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Action plan to ta上海乌托邦女神会所thane emissions

hina’s top enviro上海乌托邦女神会所nmental watchdog has pledged to make a greater effort to control emissions of methane,

a more potent greenhouse gas than carbon dioxide, by enhancing monitoring capability and drafting an action plan.

“To meet domestic and international needs for tackling climate cha

nge, the ministry will list methane as a key target in its work of controlling non-carbon dioxide g

reenhouse gases,” Jiang Zhaoli, deputy head of the department of climate change at the Ministry of Ecology and En

vironment, said at a forum on Wednesday recognizing National Low Carbon Day.

Methane is over 20 times more powerful than carbon dioxide in warming the earth.

While conducting research on major sources of methane and reduction of emissions, the minist

ry will also endeavor to get more exact data through monitoring to serve decision-making, he said.

qckwb.cn

echnological products will not bring systemic ris

We can combine th上海乌托邦女神会所e new measure with the proposed list of unreliable entities to be

tter safeguard technological security. Second, we should have better export controls over national security-related products.”

China will establish a list of unreliable entities — a blacklist of foreign

parties that harm the interests of Chinese companies — the Ministry of Commerce said recently.

Mei said it is necessary for China to take measures to better control r

isks, and it needs to continue to foster an open, transparent and fair business environment.

The National Development and Reform Commission recently held a ser

ies of seminars to discuss the country’s efforts to better exploit rare earth resources, imp

rove the industrial structure, protect resources and foster high-quality development of the commodities.

shlfapp.cn

AB InBev has invested 24.5 million yuan in installin

 in installing solar panels that cover about 50,000 square meters.

As AB InBev’s biggest Budweiser brewing and bottling facility in the world, the Foshan

rewery in Guangdong province delivers 20 percent of its global production volume.

AB InBev has teamed up with the United Nations Environment

Programme in Foshan to advance the 2025 Sustainability Goals in China.

With China the host country, the 48th World Environment Day o

n June 5 had a Chinese slogan that said “Take action to save the blue sky”.

Regarding the company’s plan to upgrade power supply systems in n

ine of its Chinese breweries by the end of this year, Craps said that the breweries’ solar p

anels cover a combined floor area of 410,000 square meters, equal to the size of 57 football pitches.

www.ash88.cn