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the US administration is likely to use more often – are not so bright. Last month, a US judge found three large Ch
inese banks in contempt of court for refusing to produce evidence for an investigation into violations of sanctions aga上海千花坊
inst the Democratic People’s Republic of Korea. The ruling ignores the fact that, according to Chinese law, any request for ba
上海千花坊品茶微信nking records should be handled in accordance with the US-China mutual legal assistance agreement.
Chinese financial institutions thus need to prepare for more troubles, including the risk of being blacklisted – that is, deprived of the right to u
se the US dollar and important services, such as the Society for Worldwide Interbank Financial Telecommunication financial m上海千花坊
essaging service and the Clearing House Interbank Payments System. It is a punishment few companies can survive.
上海千花坊品茶微信Already, one Chinese bank has been included on the Correspondent Account or Payable-Through Acc
ount Sanctions list, meaning that it cannot open correspondent or payable-through accounts in the US.
Make more efforts to internationalize yuan上海千花坊
The Chinese government has few options here, but it can step up legislative efforts to protect Chinese banks’ interests, while encour
上海千花坊品茶微信aging Chinese financial institutions to treat compliance with US financial regulations with the utmost c
are. It should also continue working to internationalize the yuan, as there is still a long way to go on this front.
China remains committed to its 40-year-old process of reform and opening-up. Today, that process must focus on redoub
ling efforts to strengthen intellectual property rights protection, adhering to competitive neutrality and de上海千花坊品茶微信
fending multilateralism. But following through on this commitment will require China to find ways to manage escalating ten
上海千花坊sions with the US and avoid a costly – and potentially devastating – reconfiguration of the global economy.
The author, a former president of the China Society of World Econo
mics and director of the Institute of World Economics and Politics at the Chinese Aca上海千花坊品茶微信
demy of Social Sciences, served on the Monetary Policy Committee of the People’s Bank of China from 2004 to 2006.
e man as Wang Zhenhua, chairman of the board of Seazen – a real estate deve
loper based in Shanghai and listed in both Shanghai and Hong Kong. It reported th上海千花坊
at the alleged crime happened in a five-star hotel in Shanghai on Saturday, leaving the girl with lacerations on her vagina.
Beijing will push forward its waste sorting legislation soon, and the newly revised regul上海千花坊品茶微信
ation will clarify an individual’s responsibility to sort domestic waste, a senior official said.
A municipal regulation in Shanghai covering domestic waste management had taken effect on Monday and required every household and institution to sort上海千花坊
their trash into four categories: recyclable waste, hazardous waste, household food waste and residual waste.
Sun Xinjun, director of Beijing Municipal Commission of Urban Management, said Beijing will follow suit soon without giving a possible date.
“If the garbage is not sorted, the resident may face a fine of up to 200 yuan ($30),” he said上海千花坊品茶微信
, adding that the penalty will be no less than Shanghai’s garbage classification punishment.
Different from the four categories of separating trash in Shanghai, Beijing will use four other garbage classification sta
上海千花坊品茶微信dards: recyclables, kitchen waste, hazardous waste and other waste, according to Sun.
Some departments and public institutions in the capital hav
e already implemented waste management. Beijing produces nearly 26,000 metric tons of do上海千花坊
mestic waste every day, and 29 garbage disposal terminal facilities are already operating at their full capacity.
In 2018, Beijing collected 9.3 million tons of household waste.上海千花坊品茶微信
The girl, who hails from Shanghai’s neighboring Jiangsu province, made a phone call to her
mother, who was in Jiangsu, about the incident. The mother contacted Shanghai police, it reported.
The 9-year-old and another 12-year-old girl were brought to the hotel by Zhou, a friend of the 9-year-old’s mother. Zhou tol
d the mother that she took the girl to Shanghai to visit Disneyland, according to the report.
The report said Wang paid Zhou 10,000 yuan ($1,400) in cash after committing the alleged molestation.
the latest film by leading Chinese auteur Wang Xiaoshuai, sets to examine changing times in modern China.
It is a family saga about parenthood, friendship, struggle and forg
iveness. Covering a large stretch of space and time, t
he story moves from the 1980s to the present, and from the North to the South of China.
Known for realism, Wang is no stranger to prominent international film festivals. This time,
his work scooped two Berlin Film Festival awards – Silver Bear for Best Actress and Best Actor.
On the occasion of So Long, My Son screening in Chinese cinemas, China Daily sp
oke with him about the film’s production, his life and his view on Chinese auteur film.