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Regulator warns four cities to keep property pricescheck

hina’s housing r上海龙凤1314品茶微信egulator has warned four Chine

se cities over price rises in the past three months, the Economic Observer reported.

Local governments of Foshan, Suzhou, Dalian and Nanning were urged by the Ministry of Housing and Urban-Rural Dev

elopment to stabilize land and housing prices as well as market expectations.

This came a month after six other cities were also warned over similar reasons on April 19.

Zhang Dawei, chief analyst with Centaline Property, said the main reason behind this is the real estate market in some

cities is at risk of going out of control, and the land market shows signs of overheating.

China’s house prices continued to stabilize despite slight increases

in April, according to the National Bureau of Statistics. Sixty-seven out of the 70 major Chine

se cities saw an increase in the number of newly built homes that were sold in April.

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Under the baton of conductor Zhang Guoyong, the co

oncert included Chinese folk orchestral works, for example Celebration Overture, and well-known Russia

n folk songs, such as The Long Road and Kalinka, performed by musicians from both countries.

According to Xi Qiang, Party secretary of the orchestra, the concert m

ainly focused on the 70th anniversary of the establishment of diplomatic relations bet

ween China and Russia, as well as the deep friendship between the Chinese and Russian people.

“The ambience of the concert was consistently festive. It also f

eatured a diversified format, alternating between duet an

d ensemble, tenor solo and chorus,” said Zhao Dongsheng vice-president of the orchestra.

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Unreliable entities list not specific to anyoneMinistry

hina’s list of “unreliable entities” is not specific to any sectors, enterprises or individu

als, said Gao Feng, spokesperson for the Ministry of Commerce, at a news conference on Thursday.

The system for the unreliable entity list is currently

undergoing necessary procedures and will be published shortly, Gao said.

The establishment of the system is a reference to international practices, and the

implementation process will protect the legitimate rights and interests of enterprises.

Companies that abide by Chinese law and the spirit of contracts have nothing to worry about, the spokesman added.

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to the 2019 Global Cities Report released by internationa

ased by international consultancy firm AT Kearney.

The report features the Global Cities Index and the Global Cities Outlook, revealing the world’s top-performing cities and those with the most potential.

The average Index scores of the original Chinese cities have grown three times faster than that of Nort

h American cities, and in the Outlook, the Chinese cities improved 3.4 times faster than European cities.

Beijing ranked ninth in the global cities index while Shanghai took the 19th spot. East China‘s Suzhou made it into the top 100 for the first time.

German carmaker Mercedes-Benz will recall 44,900 automobiles in China due to a tyre problem, according to China’s market regulator.

The recall, starting from Oct 25, was filed by Mercedes-Benz (China) Automotive Sales Co. and

Beijing Benz Automotive Co. It involves its imported and parts of domestically-produced cars manu

factured between April 20, 2016 and May 4, 2019, according to the State Administration for Market Regulation.

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In April, the CSRC pledged to promote the opening-up

 of stock index futures. At present, onshore stock index futures are unavailable to overseas invest

ors, and they can only hedge risks associated with investing in A shares through offshore instruments.

“After the stock index futures market opens up, investor bases will dive

rsify, helping China’s capital market achieve a higher efficiency in asset pricing,” Wang sai

d, adding that capital market reform and opening-up is part of China’s moves to promote quality development.

“One of the key priorities this year is to accelerate the development o

f direct financing and the capital market, to strengthen the capital market’s capacity to pr

omote economic growth,” Guo Shuqing, the People’s Bank of China’s Party secretary and head of the China Ban

king and Insurance Regulatory Commission, said in an interview with China Central Television on Monday.

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hich means even if Beijing does not take countermeasures

ch means even if Beijing does not take countermeasures equal in scale to Washington’s, the US economy will not be left unscathed.

Tariff hike will harm both China and US

The list of products subject to US tariff hike covers daily necessities, light industry and machinery, with the main targets

being agricultural and food products, and general manufacturing goods produced by light industries.

In terms of agricultural and food products, China is the third-largest supplier to the US, with processed fruits and

vegetables; fruit and vegetable juice; fast food and snacks; fresh vegetables and tea leaves being the main items.

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Ministry: Foreign firms won’t disregard own interests

Enterprises in any country will not disregard their own interests and blindly follow other cou

ntries’ “political command”, Foreign Ministry spokesman Lu Kang said on Thursday, after comp

anies confirmed cooperation with Chinese telecommunications equipment maker Huawei will continue.

Panasonic made a “solemn statement” on Thursday that it is supplying Huawei normally, rebukin

g reports that it will cut parts of the component supply. British Telecom, parent group of telecom oper

ator EE, said on Wednesday Huawei will continue to supply their 5G radio network infrastructure, Xinhua reported.

China hopes that the US can take a serious attitude about going back to the negotiating table and ensure that negotiations are meaningful, said Lu.

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urged to avoid more damage to China tiesonly

Beijing urged Washington on Saturday “not to go too far” in harming China’s interest

s, and called for it to change course to avoid further damaging bilateral ties.

China firmly opposes the United States’ recent remarks and actions that harmed China’s interests, in

cluding its resorting to political means to suppress normal operations of Chinese companies, State Coun

cilor and Foreign Minister Wang Yi said in a phone call with US Secretary of State Mike Pompeo.

History and reality show that China and the US both benefit f

rom cooperating with each other, while both suffer from bilate

ral conflicts, and cooperation is the only proper choice for the two major countries, Wang said.

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A key element of the campaign is also to prevent bureau

cratism and practicing formalism for formalism’s sake and to guide Party me

mbers to keep the Party’s commitments in mind, it added.The global eco

nomy is undergoing very large structural shifts, driven by three mega-trends. One is the digital transformation of th

e foundations on which economies are built and run. Another is the growing purchasing power and economic strength of e

merging economies, China in particular. And third, there are broad-based political economy trends, which inclu

de rising nationalism, various forms of populism, political and social polarization, and a possible breakdown of the

multilateral framework within which the global economy has functioned since the end of World War II.

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launched early last year, has contributed 257 milli

n yuan ($38 million) in sales of more than 780 types of products with the Winter Games logo as of the first quarter this year.

The Organizing Committee on Friday also unveiled its plans for volunteer recruitment and training. International recruit

ment, which will be launched in December through an online system, aims to select 27,000 volunteers to di

rectly serve the Games’ operation, while another 80,000 or so will work as city volunteers.

The Games’ official mascot will be unveiled in the second half of this year.

The Ministry of Education (MOE) of China has issued a statement

warning the country’s middle and primary schools against unauthorized selections and rankings.

The statement, made public on Thursday, was based on several lists of so-called “top

100 middle and primary schools in China” recently released by some institutions.

The MOE has never authorized any organizations or institutions to carry out such selections or rankings, according to the statement.

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