To bring an end to the protests sparked by the proposed amendments to the special administrative region’s extradit
ion law, Hong Kong’s Chief Executive Carrie Lam Cheng Yuet-ngor announced on Tuesday her ad上海千花网
ministration’s decision not to restart the suspended legislative process for the amendments, saying the “bill is dead”.
上海千花网女神会所The demonstrations, some of them violent, have threatened the health of the city’s economy and thus the well-being of its resi
dents, and Lam also unveiled a raft of practical initiatives aimed at strengthening communication between th
e SAR government and the public, with the ultimate objective of improving governance in the SAR.上海千花网女神会所
It might be demanding too much of those leading the protests to have the kind of vision and political courage exhibited by the chief exec
上海千花网utive in her willingness to make compromises in policymaking in the face of public opposition. But they sh
ould have the wisdom to realize that persistent political conflict and unrest do not bode well for the city and residents, es
pecially at a time when the local economy is still licking its wounds from the ongoing Sino-US trade row.上海千花网女神会所
Hong Kong’s economy has slowed significantly over recent months, with the yea
上海千花网r-on-year GDP growth having eased to 0.6 percent in the first quarter of this year — the
slowest expansion in a decade — as both foreign trade and domestic consumption have been hard hit by the tra
de conflict between the Chinese mainland and the United States, the city’s two largest trading partners. Any es上海千花网女神会所
calation of the social conflict witnessed recently will only further harm Hong Kong’s economy and people’s livelihoods.
上海千花网Yet, the organizers of some of the mass rallies have said they will announce
more protests in the coming days until the bill is officially withdrawn from the legi
slative agenda. But more social unrest will only hinder efforts to tackle the fundamental problems that have a ta上海千花网
ngible effect on the lives of Hong Kong residents, particularly the younger generation — such as the severe housing s上海千花网女神会所
hortage, lack of social upward mobility and the widening wealth gap, which have fueled the social discontent.
signed and engi上海千花网neered in California and includes components from several countries in
cluding the United States”, and “final assembly is only one part of the manufacturing process”.上海千花网
Apple has been expanding its R&D push in China, one of the world’s largest consumer
上海千花网electronics markets. Since 2017, it has established four R&D centers in the country – one each in Beijing, Sh
enzhen, Shanghai, and Suzhou – entailing a combined investment of 3.5 billion yuan ($509 million) and em
ployment for over 1,000 people dedicated to innovation in hardware, software and services.上海千花网
More efforts are needed from Chinese companies to explore the potential of massive data as mounting firms globally own “d
上海千花网女神会所ark data” and very few know how to use it, an industry insider said during the three-day Annual Meeting of the New Ch
ampions 2019, also known as Summer Davos, which ended Wednesday in Dalian, Liaoning province.
“Many companies or organizations didn’t fully realize the potential of “da
rk data”, which refers to all the unknown and untapped data generated by an org上海千花网女神会所
anization’s systems, devices and interactions”, said Song Haiyan, senior vice-president and general manager of se
上海千花网curity markets of Splunk, a US company leveraging software to search and analyze data.
“The chaos of being unable to deal with such data creates tremendous opportu
nities for motivated companies to learn, as well as for Splunk to empower them to use it,” she said.上海千花网女神会所
Another challenge for companies using data is that they tend to simply collect d
ata but do not use it to predict something that they don’t even know, she added.
上海千花网女神会所In the wake of such problems, Song said Splunk has integrated some premium solutions, including artificial int
elligence, across the platform to help companies better use “dark data”, as well as predict future outcomes.
Splunk, founded in 2003, is a Nasdaq-listed company. Its total revenues hit $425 mil上海千花网女神会所
lion for its fiscal first quarter ending April 30 this year, which was a 36 percent increase year-on-year.
“I am glad to see that here in China, companies are putting the use of AI into a higher-than-ever role in their b
usinesses,” she said, adding that she was confident about business growth in the country.
e prototype of how business should be run. Car company executives were seen as the most capable manage
上海千花网品茶微信rs. In 1953, president Eisenhower chose Charles Wilson, known as “engine Charlie,” to be his Secretary of Defense.
Then, in 1961, president Kennedy chose Ford president Robert McNamara for the same position. (Of course, McNamara’s incredible mismanagement of the war in Vietnam reduced any confidence that car company executives were especially competent.)
By the late 1960s, the “big three “car companies in the US – General Motors, Ford, and Chrysler – formed a virtual oligopoly and turned lazy. 上海千花网
I remember American cars my father bought in these years often overheating and breaking down by the side of the road. Dad would have to stay by the car with my m
other and sisters while I walked a long way to find a service station and arrange a tow. (This was long before mobile phones.) 上海千花网品茶微信
So, American consumers were ready for more competitive Japanese-made cars, which had consistently high
er quality, to enter the market. My father switched to Japanese cars in the 1970s, and never bought another American-made car. 上海千花网
American car companies saw their profits fall and were not able to pay their workers t
he very high wages made possible by a closed, non-competitive market. The US government responded by
上海千花网品茶微信imposing quotas on the import of Japanese cars and by pushing Japan to rapidly raise the value of the yen.
Obviously, there was a conflict. American consumers benefitted from the cheaper, better cars while workers at the big three saw their jobs become less secure and the
ir wages fall. Fortunately, the protection was only partial and temporary, so the competition eventually forced US carmakers to improve.
Competition is at the heart of the current disputes over globalization and technology. On net, the spread of econo 上海千花网品茶微信
mic opportunities around the world has been a great boon. Many products are more widely and cheaply available than ever before.
Many countries, including China and India, have greatly reduced poverty and given opportunities to their people that would have been undreamed of by earlier ge 上海千花网
nerations. American and Western European companies and consumers have greatly benefitted.
But nobody really likes competition against themselves. Most people like some degree of stability and protection. A worker w
ho has put in 20 or 30 years in an industry will definitely feel that it is unfair to have to move to a much lower-pa
ying service job. A company facing new competitors will try to convince its home government to stop the competition.
Americans saw many benefits from the second globalization period. As Japanese and, later Chinese, manufacturers began to export t
o the US, many consumer goods became a lot cheaper in US stores. Many American companies made good profits by exporting t
o the newly open markets or by outsourcing manufacturing to cheaper and/or better factories outside the US.
and a former ch上海千花网品茶微信airman of Morgan Stanley Asia, warned that if the US and China, wh
ich have accounted for fully 44 percent of world GDP growth since 2008, opt for a superficial res
olution or fail to come to terms on their trade conflict, the global economy could well falter.
Bipartisan political support for China bashing in the savings-shor
t US threatens to turn a trade war into a protracted and destructive economic cold war, Roach said.
“Now, more than ever, a fragile world is in desperate need of political will and wisdom,” he said.
Xiong Aizong, assistant researcher at the Chinese Academy of Social Sciences’ Institute of World Economics and Pol
itics, agreed that multilateral mechanisms are the best solution to tackle global issues.
he next five to seven years, China’s policy support for new energy vehicles will drive g
lobal growth,” said Kou Nannan, head of research at Bloomberg New Energy Finance.
As early as in 2012, the State Council introduced a pipeline to guide the development of the natio
n’s EVs, with a goal of producing 2 million units and selling 5 million EVs by 2020. Later on, cent
ral and local governments carried out a series of subsidy policies in the NEV industry, such as purchase tax exemption an
d purchase subsidies, to offer greater support to the industrialization of China’s NEV industry.
According to the agency, China will specifically lead in the e-bus market. It is estimated that by
2025, China’s e-bus fleet share will reach 50 percent, and by 2040, the ratio will rise to roughly 80 percent.