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2020年09月20日 08:25 来源:环球通比牛牛

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环球通比牛牛ByZhangChenghui,WangGangZhengHong,,’sFinancialSectorLegalsystemexercisesgreatimpactsonthedevelopmentoffinancialsectorduetoitsnatureofbeinga“contract-intensiveindustry”whichinvolvesmuchmoreintensiveandcomplexcontractualarrangementsinthepr,itismorelikelytoseeproblemslike“asymmetricinformation”and“moralhazard”.Shouldcontractsareimplementedwithoutsupervision,tradingrisksareboundtogreatlyincrease,affectinginvestors’informationandwillingnesstoentertransaction,awsisacommonproblemduringpreviousfinancialcriseswhichwerecausedbyvariousreasons①.Onlywithanopenandtransparentsystemoffinanciallawswhicheffectivelyprotectstherightsofmarketparticipants,canthesystemsuccessivelyattractmarketplayersfromhomeandabroadtoinvestandparticipateinmarkettransaction,andachievethesustainabledevel’,ratherthanadministrativepower,ureboosttherealeconomyinamoreefficientwaythroughaseriesofreforms,whichobviouslyshouldbeled,,itisnolongerfeasibletoover,regulatoryauthoritiesfindithardtodealwiththecomplicatedfinancialmarket,whi,regulatorsstrengthentheirauthoritybyexpandingpower,worseningproblemslikevyingtoregulate,gettingprofitsfromregulation,,orwithintensifyingcompetitioninfinancialmarket,quickerinte,abstractandvaguewayofauthorizingthepoweroflawenforcement,andi,itisimportanttoregulateandadjustrelationsamongfinancialregulators,institutions,markets,andclientsthroughlegalmeans,’sFinancialSectorThefirstprincipleallocatingresources,,theimprovementoffinanciallawsshouldbeguidedbytheideathatmarketplaysadecisiv,properlyassignlegalresponsibilitiestocriticallinksandtolawenforcementinstitutionssoastocreateeffectivejudicialrestraint,,participantsaremorelikelytobedrivenbyprofits,,specialattentionshouldbegiventosupervisingthefinancialproductsandactivitiesthataremulti-sector,highlyleveraged,off-balance-sheetassets,’interestsandaccumulationofsystemicrisksduetounfairfactors,suchasimbalancebetweenpowerandresponsibility,imbalancebetweencostandprofit,,itisnecessarytomatchusufructoffinancialbusinesswithcorrespondinglegalresponsibilities,regulatesellersofhigh-riskproducts,severelypunishfraud,induction,andnon-compliancetransaction,,weshouldmakelawastrongerdeterrent,regulatethemechanismofascertainingrelevantpartiescivilorcriminalliabilities,terestsoffinancialconsumers(especiallysmallandmediuminvestors).Theprimaryparticipantsinfinancialmarketareinvestors,,smallandmediuminvestorswillmosteasilysufferlossesbecauseofopaqueinformation,,financialconsumers,especiallysmallandmediuminvesto,weshouldcreateamechanismoperationalinthelegalframework,’(1),weshouldkeepthelegislativeobjectivestable,andavoidfrequentadjustmentswiththechangesinsituationssoasnottoimpairtheauthorityofl,,itisimportanttoformulatelawsandregulationswithprotectingrightsasthepriority,a,weshouldformulatedetailedratherthangenerallaws,andmeanwhilemakeiteasiertoenforcelawsbymakingarticlesasdetailedaspossible,reducingambiguity,andavoidingthesituationwherehigher-levellawsareinconsistentwiththelower-levellawsb,weshouldaddarticlesforjudicialdecisionstoimprovethejustifiabilityoffinanciallaws.(2)Weshouldlegislateinamorescientificanddemocraticwaybyadjustingthelegislatingprocess,increasingthetransparencyoflegislatingandamendinglaws.,nitiativeDuringhisvisittoCentralAsiaandSoutheastAsiain2013,ChinesePresidentXiJinpingputforwardtheinitiativeofjointlybuildingtheSilkRoadEconomicBeltandthe21stCenturyMaritimeSilkRoad(hereinafterreferredtoastheBeltandRoadInitiative),whichhaveattrac“VisionandActionsonJointlyBuildingSilkRoadEconomicBeltand21stCenturyMaritimeSilkRoad”(hereinafterreferredtoas“VisionandActions”)issuedbytherelevantdepartmentsrecentlyexpoundsthevisions,goals,tasks,,duetotheinfluenceofthepoliticalcomplexityintheworldnowadays,artiesinvolvedandpromotetrust,dissolvedoubtsandbuildconsensusbymeansofdeep,weshouldfacilitatetherecognitionofthecoreconnotationoftheBeltandRoadInitiative,namely,“openness,inclusiveness,mutualbenefitandjointconstruction”,onthebasisofcarryingontheSilkRoadSpiritof“peaceandcooperation,opennessandinclusiveness,mutuallearningandmutualbenefit”.,,theconstructionoftheBeltandRoadisopentoallcountries,economies,internationalorganizations,,ofallparticipatingcountriesandeconomiessoastoreduceinvestmentandtradecostandbuildthenewdrivingforcefo,,pants,,pment,allparticipantsmayadoptvariousmodesofcooperationsuchasbilateral,multilateral,intra-regionalorinter-regional,diversified,calenterprisesalongtheBeltandRoad,businessesfromwesterncountriesandreleveofbeinginclusive,whichmeansitwillnotproactivelychallengetheexistingregionalcooperationmechanisms,but,onthecontrary,,,theinitiativeshouldbepromotedinawaythatallparticipants,includingChina,donotengageinzero-sumgames,ighborme,,createdandextendedbytheHanDynastygovernment,,theancientSilkRo,theBeltandRoadInitiativeisactuallyaprojectofjointconsultation,jointconstructionandbenefit-sharing,,ortheso-calledChineseversionofthe“MarshallPlan”.Withrespecttothespecificinstitutionalarrangementformutualconnectivitysuchaspolicycommunication,facilitiesconnectivity,unimpededtrade,financialintegrationandpeople-to-peoplebonds,andwithregardtotheachievingapproaches,cooperationcontents,andphasedobjectives,allpartiesinvolvedneedtobeengagedinjointconsultation,participation,construction,andbenefit-sharingsoastocreateacommunityofsharedinterests,andRoadThenewlyissueddocument,“VisionandActions”,,theBeltandRoadInitiat-,highlyefficientallocationofresourcesanddeepintegrationofmarkets;encouragingthecountriesalongtheBeltandRoadtoachieveeconomicpolicycoordinationandcarryoutbroaderandmorein-depthregionalcooperationofhigherstandards;andjointlycreatinganopen,inclusivean,itwillhelpChinaadapttothenewsituationandreqystemfeaturingmutualbenefit,win-winresults,balanceddiversity,,basedontheoverallframeworkoftheBeltandRoadInitiative,ChinawillgivefullplaytothecomparativeadvantagesofallregionsinChinaandfurtherimprovetheeconomicpositioninganddistributionofthefiveregionsinChinasuchasnorthwest,northeast,southeast,coastalareasandHongKong,MacauandTaiwan,soastofullyunleashtheinlandpotentialofopening-up,improvetheopening-uplevel,buildanewpatternofall-roundopening-up,andpromotethesustainableandsounddevelopmentofChina’seconomy.

,2015TheRecommendationsforthe13thFive-YearPlanforEconomicandSocialDevelopment(Recommendationsforshorthereafter)approvedattheFifthPlenarySessionofthe18thCentralCommitteeoftheCommunistPartyofChinafocusesonChina’sadaptationtothenewtrendofeconomicglobalizationandacceleratingthecultivationpsystem,whichconstitutesthesignificantguidelineforChinatorementsforAcceleratingtheEstablishmentofaNewOpening-UpSystemAtpresent,theexternalenvironmentandinternalconditionsforChina’ttothechangesinglobaleconomicpatternAftertheoutbreakoftheinternationalfinancialcrisis,theworldeconomyenteredthein-depthadjustmentperiodwi,developedcountriesadoptedquantitativeeasingpolicies(QE)oneafteranother,buttooknosubstantivemeasuresforstructuralreform,,takinggrowingsharesintheworldeconomy,but“growattwospeeds”,withUSeconomyembarkingonagrowingtrackagain,“towardstwodifferentdirections”,’seconomygro,Chinahastoacceleratetheestablishmentofanewopening-uwiththeincreasinglyfiercecompetitioninglobalrulesAftertheoutbreakofinternationalfinancialcrisis,theWTOprogressforfreetradewasseriouslyhindered,onsofTradeinServicesAgreement(TISA)andexpansionofInformationTechnologyAgreement(ITA)theydominated,leadingtofership(TPP)andTransatlanticTradeandInvestmentPartnership(TTIP),,developedcountriesincludednewissuesinnegotiationssuchaslaborstandard,environmentalprotection,intellectualpropertyright,“bordermeasures”to“behind-the-bordermeasures”soastoraisetheentrythtionalruleswiththeaimtoprotecttheinterestsofdevelopingcountries,butalsounderstandthatchangesininternationalrules,toaconsiderableextent,’,ChinamusttakeamoreproactiveandconfidentattitudetoacceleratetheestablishmentofsystemsopanopeneconomyatahighlevelInrecentyears,Chinahasmadegreateffortstopracticethe“GoGlobal”strategywhileintroducingforeigncapital,“BringIn”andGoGlobal”,China’soutboundinvestmenthitarecordhighof$,%.Comparedwiththeinboundforeigndirectinvestment,China’soutboundinvestmentwasdwarfedonlybyasmalldivideof$,,China’soutboundinvestmentwillsurpassforeigncapitalinflow,,whileadheringto“BringIn”strategy,Chinashouldtakemoreinitiativetogoglobal,advancetheimplementationthe“BeltandRoad”Initiative,andenhanceintern,itisrequiredtoacceleratetheinnovationinsystemsandmechanisms,andstrikeabetterbalancebetweenthetwo-wayinterestsof“BringIn”and“GoGlobal”.Weshouldfurtheropenupinexchangeoftheequivalenttreatmentofothercountriestopursuemutualbenefit,iveparticipationinglobaleconomicgovernanceAfter30yearsofreform,openingupandeconomicdevelopment,Chinahasdevelopedintotheworld’’smostimportantdesti,investmentandfinance,therehasbee,Chinawillhaveandmechanisms,boostitsinstitutionaladvantagesofopening-upandendationspointsoutthat“effortsshouldbemadetoperfectalegalized,internationalizedandfacilitatedbusinessenvironment,improvethesystemsandmechanismsthatboostmutualbenefitandwin-winresultsandalsoareadaptabletointernationaltradeandinvestmentrules”.Thedocumentspecifiesthegeneralrequirements,internationalizedandfacilitatedbusinessenvironmentTobuildalegalized,internationalizedandfacilitatedbusinessenvironment,itrequiressettingupafairandjustlegalsystem,atransparentande,legalmeasuresshouldbetedwithforeignaffairs,,openmarketwithorderlycompetitionandregulation,torespectnon-discriminatoryinternationalbusinesspracticesandtogivefairtre,intheareasofopening-upsuchastradeandinvestment,Chinashouldcomprehensivelyadvancethefacilitationofmanagementsystem,improveservicesupportsystemandfacilitatetheservicetomarketentities.

ZhangWenkui  sandthestateholdingcompaniesisnecessitatedbyvariousfactorsFirst,theoverlyextensivedistributionofthestate-ownedcapitalandtheholdingpositionofthestate-ownedcapitalinmostmajorenterprisesinvariousindustrieshaveresultedinaseriesofproblems,nthe"StrategicRestructuringofState-OwnedEnterprises(SOEs)",theverylimitedstate-ownedcapitalatthepresentisdifficulttosupportthecolossalstate-ownedeconomicsectorsandhasbeendistributedtoasmanyashundredsofthousandsofstate-ownedenterpriseslike"spreadingpepperpowder",,,000state-ownedenterprisesthathavecompletedcorporatetransformation,%amongtheseenterprises,%ofthetotal,%,%,%%.Theexcessivelyextensivelayoutofthestate-ownedeconomyandtheexcessivelylargeproportionofthestateequityhavemadeitd,562incorporatedcentralandprovinciallevelenterprises,t%,erimentontheestablishmentofmoderncorporatesystem,theirasset-liabilityratiowasstillashighas65%afterfouryearsofhardefforts,%es,thedeclineofasset-liabilityratioofthestate-ownedenterprisesbyeveryonepercentwillrequireaninputofRMB¥,weshouldcombinetheeffortsofincreasingassetsandreducingdebtswiththestrategicrestructuringofthestate-ownedeconomicsectorsandtransferthestate-ownedequitysharestothepublicandcorporateentitiessoastoutilizetherelativelyabundantsoci,Chinasreformisatacriticalstage,,liquidatingandregroupingthebadassetsofthebankingsystem,makingupthedeficiencyofthesocialsecurityfundandprovidingtheminimumlivingsec,thebalanceoftheChinesegovernmentdebtshasreachedaconsiderablyhighleveland,tdebtsoftheenterprisesormakeupthecapitalfundofthestate-ownedenterprisesthathavetobemaintainedThesefundswillnotonlyhelpimprovetheeconomicstructure,strengthenthekeyareasandrevitali,thefactthatthestateequitymonopolizesorconstitutestheoverwhelmingmajorityofthesharesofacompanyhasbecomeaseriousobstacletotheestabmandisestablishedondaymanagementrightoftheirenterprisesontheirbehalfandatthesametimeengagethedirectorstoexercisetheregularwh,theexcessiveconcentrationofthestateequityinamannerthatthepowersandfunctionsoftheownersareexercisedbytheadministrativeauthoritiesisevenmorelikelytoleadtoasituationinwhichtheshareholdersinterfereintheday-to-daydecision-makingorthecompanyis"controlledbyinsiders".Bothcasesaredetr,thephenomenonthatthestateequitymonopolizesorconstitutestheoverwhelmingmajorityofthesharesofthestate-ownedenterprisesthathavebeenincorporatedisverycommon,andmostoftheenterprisesconductingexperimentwithmoderncorpo%ofthe750companieslistedonthestockexchanges,thelargestshareholder(normallytheholderofstateshares)possessesequityfivetimesthatheldbythesecondlargestshareholder(normallytheholderofcorporateshares).Thisisanindicationthattheproblemofthelistedco,onepracticalandfeasiblemethodistoestablish,bysellingpartofthestateequityandintroducingnon-stateshareholdersthathavecloserinterestrelations,amechanismbywhichtheshareholders,…Ifyouneedthefulltext,pleaseleaveamessageonthewebsite.Asanintegralpartofthemodernstategovernancesystem,aracteristicsundernewcircumstances,effortsneedtobemadetohaveacomprehensiveandaccurateunderstandingofthemeaningintheanceModernizationinChinaItisclarifiedintheDecisionoftheCPCCentralCommitteeonMajorIssuesConcerningComprehensivelyDeepeningtheReform(hereinafterreferredtoastheDecision)thattheultimateobjectiveofcomprehensivelydeepeningthereformistoperfectanddevelopthesocialistsystemwithChinesecharacteristicsandpromhelatterissue,clarifyingthescientificconnotationof"stategovernancesystemandgovernancecapability"andinstructingthedirectionof"stategovernancemodernization"ntegrnancecapabilityaretheconcentratedexpresrtheleadershipofthePartyandincludessystems,mechanismsandlegalarrangementsineconomy,politics,culture,society,,itisacomgesocialaffairs,coveringvariousfieldssuchasreform,development,stability,domesticaffairs,rvinglypursuethesocialistpathandperfectanddevelopthesocialistsystemwithChinesecharactsecharacteristicsistopushforwalistpathwithChinesecharacteristicsispursued;thesocialistsystemwithChinesecharacteristicscanonlybeperfectcteristicscanwerealizestatejorshina,hepointedoutthatitwouldtakeusanother30yearsbeforewecouldset,thePartyproposedpromotingthestategovernancesystemandgovernancecapabilitymoderniwithChinesecha"forgoverningacountry,systemsplayafundamental,overallandprofoundrole."AfteroversixtyyearsofpilotpracticeforexploringthewaysforbuildingsocialismwithChinesecharacteristics,,ourtophistorictaskistoperfectanddevelopthesocialistsystemwithChinesecharacteristicsandprovideasetofcomplete,stableandeffectivesystemsforPartybuildingandnationaldevelopment,thewellbeingofthepeople,,institutionalizationofstategovernancereferstotheregulationofbasicnationalpoliticalsystemsduringstategovernance,coveringpowerallocation,settingofinstitutionsforexercisingthepower,functionsoforgansofauthority,restrictionandsupervisionofpublicpowerandprotectionofcivilrights,sothatstateandsocialaffairscouldgobyrelevantlaws,berealizedinlightofChina,governanceisthesumofvariousmethodsusedbyindividualsandinstitutions,eitherprivateorpublic,,th"whatkindofgovernancesystemacountrychoosesisdecidedbyhistory,culturaltraditionandeconomicandsocialdevelopmentofthatcountryandbyitspeople.""ThestategovernancesysteminChinaisthenationalsystemforthePartytoleadthepeopletoeffectivelygovernthecountry,whilestategovernancecapabilityistheabilityofthePartyinleadingthepeopletousethenationalsystemtoeffectivelyimplementgovernance."Promotingthestategovernancesystemandgovernancecapabilitymodernizationistheprocessforthesystemandabiliwtostre,stategovernancemodernizationinChinacannotseveritstiesfromChinesehistoryorculture,thepresentstategovernancemodernizationshouldcontainpreviousreasonablefactorsinstategovernance,asforgovernance-relatedtheories,experienceandpracticeofothercountries,wecannotentirelycopyorrejectthembutshoulddrawonandmakeuseoftheirachievements.ca亚洲城CQ9宙斯,,,gavefullplaytoitscomparativeadvantages,an,,China,previouslyaclosedcountrywithsmall-sizedeconomyandtradefeaturingproducingprimaryproducts,hasexpandeditstradesc,Chinaisthel,Chinawastheworld’slargestrecipientof,,China’scurrency,Renminbi(RMB),willbeincludedintheSpecialDrawingRights(SDR)veringbothsituationsathomeandabroad,makefulluseofdomesticandinternationalmarketsandresources,soastoserveChina’-,theopening-uppolicyshou’sforeigneconomicrelations,,itscompetitivea,acountry’sresourceendowme,however,acquiredfactors,comparedwithcompetitiveadvantages,becomemoresignificant,likehumanresources,technology,industrialbase,infrastructure,system,enterprisecompetitiveness,theimplementationofgovernmentstrategyandpolicyetc.,,thepreviousproperdevelopmentstrategiesmayceasetobeeffectiveorevenhavenegativeeffects,,itisnecessarytoadjusttheopening-upstrategywiththetimes,,theChineseeconomyhasenteredtheNewNormal,wherethegoalandimpetusofeconomicdevelopmentarechangingandthenewdevelopmentstrategyguidedby“FiveDevelopmentConcepts”(innovated,coordinated,green,open,sharing)raisesnewrequirementsforopeningupsothatthemedium-highrateof’,,globaleconomicgove,China’sforeigneconomicrelations,especiallyitscomparativeadvantages,sandchallenges,,ChinaneeternalfactorsimpactingChina’opening-upstrategyisvitalfoomicgrowth,whichhingesonthenumber,,productionfactorsincludenotonlytraditionallabor,capitalandland,butalsotechnology,information,management,andsystem,actsonacountry’,suchasintroducingcapital,technology,management,,likeintroducingtalent,improvingmanagementandtechnology,uctionfactors,likeintroducingresourcesandproductionfactorsinneed,removingthedisadvantagesinproduction;orchangingtheproportionofproductionfactorsbytransferringlaborfromagriculturalsectorswithlowefficiencytoefficientindustrialandservicesectors,sothatlaborproductivitywillincreaseexponentially();orraisingtheefficiencyofreso,productionfactorsmaybereduced,suchasbraindrainandcapitaloutflow,,thequalityofproductionfactorsislikelytobelowered,,theefficiencyofresourceallocationmaybeaffected,suchasadversetradeterms,anddeterioratingindustrialstructureinducedbyinternationalcompetition,,illmanagementleadstoeconomicrisks,,therefore,,improp,withdifferenttheoriesofforeigneconomicrelations,economiesa,highlyprotectingthedomesticmarke,boththeUnitedStatesandGermanyhaveadoptedthestrategyofprotectinghomeinfantindustriesduringcertainperiods,,ifthereistoomuchprotectionorprotectionfortoolong,domesticind,mostofthemexperiencedfinancialcurrencycrisis,socialunrestand“middle-incometrap”.Atthesametime,economiesinEastAsialikeJapan,Singapore,SouthKorea,China’sTaiwan,andHongKonghavetakenthe“export-oriented”strategy,whichhasimprovedtheirinternationalcompetitiveness,preventedthemfrom“middle-incometrap”,’snationaldevelopmentstrategy,,themostimportantobjectiveand’stwo-gapmodelsuggeststhelackofcapitaland,Chinahaslearnedfromothernationsa,itcarriesouttheexport-orientedstrategyinlabor-intensiveindustrieswithcomparativeadvantages,andthestrategyofimportsubstitutionincapiteexportprocessingindustryoverseas,,Chinahasdevelopedlabor-intensiveprocessingexportindustrieshighlycompetitiveintheinternationalmarket,whichhassuccessfullysolvedtheshortageofforeignexchangethatimpedesindustrialization,,anewstageforChina’,,,,thedrivingforceforeconomicdevelopmenthasbeentransformedfromthenumberofproductionfactorstoinnovationandtheresultingoptimizedstructure.

环球通比牛牛信誉:航拍广西梧州平流雾

广发体育注册环球通比牛牛ByLuoYuze,,2015WithgreatsignificanceforChinatobuildanewtypeofopeneconomysystem,’,withtheinflowofforeigncapital,equipment,technology,talentsandmanagementexperienceviaopening-uptotheoutsideworld,Chinahasmaderemarkableachievementsineconomicdevelopment,,influencedbysuchfactorsasregionalconditions,resourceendowmentanddevelopmentstages,China’sopening-upischaracterizedbydisharmonyandimbalanceof“highspeedintheeastbutlowinthewest”,and“strongmomentuminthecoastalareasbutweakintheinlandareas”.Aimingatconstructinganewtypeofopening-upandcooperationpatternfeaturingeast-westinteraction,north-southconnectivity,coordinateddevelopmentofthecoastalandinlandareas,andintegrationofdomesticandoverseasdevelopment,theBeltandRoadInitiativeprovidesacomprehensivestrategicfoundationforChinatooptimizethespatialallocationofeconomicactivities,connectdo,manyfactorsinvolved,geopoliticalcomplication,imbalancedeconomicdevelopmentandculturaldiversity,theBeltandRoadInitiativecallsforacompletepolicysupportsystemfromthegovernmentsoastofacilitateenterprises’internationalcooperationvia“GoGlobal”rward,theBeltandRoadInitiativehasreceivedactiveresponsesfrommorethan60countriesandregions,becomingthemajorconsensusofthec,thereareinevitableproblemsandchallenges,ingtheirpoliticalandsocialtransformation,,culturalandsocialconflictsintertwinedwithoneanother,,,theMiddleEast,CentralAsiaandSouthAsiaarecalledStrategicArcofInstability,,Chinahasactivelypromoted,withsometerritorydisputesunsettled,therearestillprominentproblemsandconflicts,’sinternationalstatusfurtherimproved,,thedevelopmentoftherelationshipbetweenthetwomajorcountrieswillhavegrowingimpactsonthisregion’uctureisthemainbottleneckthatconstrainsthe,ofthe54countrieswithdataforcompetitiveness,only4(Singapore,theUnitedArabEmirates,CroatiaandSlovenia)haveahigherinfrastructur(ADB),thatbetween2010and2020,Asia’sinfrastructureinvestmentdemandis$800billion,ofwhichonlyabout$20billioncanbeprovidedasloansfromADB,dRoadCountriesDuetothedifferencesineconomicdevelopmentlevel,allocationofeconomicactivitiesandpopulationdensityingeographicalareas,thecountriesinCentralAsiawithsparselypopulatedareas,,itismostlylikelythatthebestchoicefortheregionmaynotbethebestoneforaparticularcountry,,theinternationalinfrastructureconstructioninvolvesconflictofinterests,,inmanycases,,ooperationLaggingBehindSevereobstaclesarefoundintradeliberalizationandinvestmentfacilitationinmanycountriesduetounsoundandunstablelaws,lowconstructionleveloffreetradezone,manytradeandinvestmentbarriers,suchasstricterlicensesystem,non-unifiedcustomsproceduresanddocuments,inconsistentstandardsandregulationsforinfrastructureconstruction,,eitherlacksmajorcountries’leadershipandstrongpush,orfailstocoverallareasorinvolveslowlevelcooperation,startfortheconstructionoftheBeltandRoad,,“VisionandActionsonJointlyBuildingSilkRoadEconomicBeltand21stCenturyMaritimeSilkRoad”hasbeenpublished,becomingtheguidingdocumentforthisarea’,influencebro,grandplansforregionalcooperationwereputforwardbefore,suchastheInfrastructureDevelopmentPlanforAsianLandTransportproposedbytheUnitedNations’EconomicandSocialCommissionforAsiaandthePacificin1992andtheplantobuildapan-A①proposedinOctober,2010byASEAN,well-knownforitsenforcement,ltilateralcooperation,apartfromaleadershipplayer,itisalsoamusttohaveagoodtop-leveldesign,doanoverallplanning,setupcorrespondingmechanism,poolallkindsofresourcesandmobilizeenthusiasmandinitiativeofallparties.GuoLihongInourdiscussionaboutthemechanismforventurecapital,ecapitalandtheemergenceofvutinChinabythesamecompanyunderthecompanysysteminmostcases,thetwo,however,stayatdifferentlayersafterall,,,venturecapitalmakesup30percentoftheprivatecapitalmarket,whilethepriva,theproportionstakenupbyindividualsandfamilieshavecomedownfromthetoptothebottom,,whichgivetopconsiderationtosafety,,itisnecessarytonoticethatbothpensionfundsandinsurancefundsinourcountryareState-owned,,thesefundscanoperatemarket,atleastoneofthefollowingpreconditionsisnecessary:eitherthesenon-bankingfinancialinstitutionsareopentothegeneralpublic,orthemanagersoftheseinstitutionscanachievesuccessatthessCongresshasnowstarteddraftingoftheLawonInvestmentFundsandwilltrytopromulgateitbeforetheconclusionofthetermoftheNinthNationalPeople,ventu,however,itwilldependontheachievementsofthesectorofventurecapitaltodrawaconclusionw,therealisticsourceofventurecapitalintheimmediatefuturewillmainlybethatofgovernmentcapitalandoverseascapital,velycomplete,toexerciseself-disciplineinaccordancewithlawandtoestablishbusinessoncredibilityisaself-evidentaimofallkindsofeconomicactivities,dtoregisterwiththeAmericanSecuritiesTradingCommitteeandthatcanbetrade,,themotherbodyofNASDAQ,isnotagovernmentorgan,butsimplyalegalpersonbodysetupbysecuritiescompaniesandt,heM,however,governonlysecuritiesinvestmentfundsthat"specializeintheinvestmentofstocks,bondsandotherfinancialtools",itisstipulatedintheCompanyLawthatapartfrominvestmentcompaniesandholdingcompaniesdesignatedbytheStateCouncil,theaccumulativeamountofinvestmentbyacompanyinothetralCommitteeoftheCommunistPartyofChinainitsDecisionontheReformoftheScientificandTechnicalSystemthat"investmentfundsfornewundertakingscanbeestablishedtosupporthi-techdevelopmentthatchangesrapidlyandinvolvescomparativelybigrisks,"andthedirectivegivenbytheStateCouncilin1991intheProvisionalRegulationsonSomePoliciesConcerningState-levelHi-techIndustrialDevelopmentZonesthat"departmentsconcernedcanestablishventurecapitalfundsinhi-techindustrialdevelopmentzonesforuseetupventurecapitalcompanies."Viewedasawhole,thefairlyweaklegalbasisandextremeambiguityofmarketaccessconstituteoneofthemajorobstacleshinderingtheprosperityofventurecapital....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.

ByChengGuoqiang,InformationCenterofDRCResearchReportNo134,2013(Total4383)heglobalagriculturaldevelopmentstrategymeanstocomprehensivelytakesuchstrategicmeasureslikedirecttrade,diversifiedimport,overseasagriculturalinvestmentandnew-typeinternationalcooperationinagriculture,activelytapglobalagriculturalresources,effectivelyuseinternationalagriculturalmarket,profoundlyintegratetheglobalindustrialchainofagriculturalproduction,processing,logistics,markingandtrade,andestablishasustainable,stableandsafeglobalagriculturalproductsupplynetworkcateringtothenationalgrainsecuritystrategy,withtheglobal-perspective-basednationalgrainsecuritystrategyasthebasicgoalandthebettercoordinat,itisastrategicdemandtoensuren,inonetotwodecadestocome,alongwiththeconstantprogressofindustrializationandurbanization,increasingpopulation,andupgradinggrainconsumptionstructurecausedbyhigherincome,China,thecontradictioncausedbyscarceragriculturalresources;inparticular,alongwithtightenedrestraintoflandandwaterresourcesanddegradingcomparativeadvantageofagriculture,theallocationofresourcefactorswillbeincreasinglyshifindtheconsumptiondemand,whileitisneitherpossiblenorrealis,pureself-sufficiencyofagriculturalproduceswouldrequireover3billionmu(15mumakeonehectare)ofsowingland,,presentingagapofabout20%whichcou,greatresource,environmentalandeconomiccostwouldbepaidfortheignoranceofthelargepopulationandscarcelandresourcesinChinaandover,strategicallyspeaking,itisunavoidabletoimportagriculturalproductsfromforeigncountriesanduseoverseasagriculturalresourcestoensurethenationalgrainsecurityandtheeffectivesupplyofmajoragriculturalproducts,anditisurgenttoformulateandimplementtheglobalagriculturalstrategyandestablishasustainable,,Chinashouldfurtheropenitsagriculturesectortotheousmoreactiveopenfields,improvethestructureandqualityofsuchfields,dimentofthefurtheropeningupofagricultureandani,overseasagriculturalinvestmentandcooperationaswellasotherstrategicmeasurescannotonlyfullytaptheagriculturalresourceadvantageoftheglobe,catertothestrategicbenefitsofcountrieswithrichagriculturalresources,especiallydevelopingcountries,promotedevelopingcountriestoimprovetheself-sufficiencyofgrainandagriculturalproductsandenhancetheircapabilitytodealwithgrainrisksandensuregrainsecurity,buttheyarealsosignificanttomaintainastableandsoundglobalgrainmarket,eliminatepovertyacrossthewo,theyareimportantmovestodevelopgood-neighborandfriendshiprelationswithothercountries,especiallywithneighboringcountriesandestablishanew-typeglobalgovernancestruct,thereareasoundinternationalagriculturalresourcesbasisandd,globalagriculturalresou,,includingmorethan1billionhectares1suitablerespectivelyforgrowingpaddy,wheat,cornandsoyabean,indicatingapotentialyieldgrowthof8%-10%.Thepotentialforwheatyieldgrowthismainlyfromdevelopedcountriesandtransitioneconomies,whilethatforpaddy,menttheglobalagriculturalstrategyanddestrategyistoestablishanationalgrainsecuritystrategicmechanismbasedontheglobalperspective,andconstructasustainable,,thefollow,theimprovementofthecompreovethegrainsupportandprotectionsystemasthecore,strengthenandimprovethegrainreservesystemasthekey,improvetheagriculturalproductimportandadjustmentmechanismasthesupplementandbuildthemoderngrainmarketsystemasthesupport,soastoensuretheself-sufficiency2ofpaddy,wheatandotherstablegrainandformanewnationalgrainsecurityframeworkfeaturing"settingfootathomeandseekingglobalsupply".Second,theagricultural"goglobal"strategyshouldbeimplementedtoencourageenterprisesofvariouskindstoincreasetheiroverseasagriculturalinvestmentandgetinvolvedininternationalagriculturaltradeandcooperation,exploreandformthediversifiedagriculturalproductimportadjustmentmechanism,andestablishasustainable,,theinternationalcooperationonagricultureshouldbedeepenedandexpanded,withthefocusonagriculturalaid3toandcooperativedevelopmentofagriculturalresourceswithdevelopingcountriesorregions,edcountrieswithabundantagriculturalresources,activelyparticipateintheircomprehensiveagriculturaldevelopmentandtheconstructionoftheglobalsupplychain,andincreasetheeffectivesupplyofglobalagriculturalproductsthroughdiverseways;anditshouldalsosparenoeffortstoadvocatetheconceptof"globalresponsibility"toprotecttherighttofood,holdthatmajoragriculturalresourcecountriesandmajoragriculturalproductsexportershouldshouldercorrespondingdutiesandresponsibilitiestomaintainstableagriculturalproductionandproductssupply,reducetheshockofbiomassenergyonthesupplyandpriceofagriculturalproductsintheglobalmarketandsafeguardthebasicrighttofoodforpeopleoftheworld.,2,PresidentXiJinping’sscientificexpositionthatChina’seconomyisenteringthenewnormalwillbeadoptedasthegeneralideawhenweformulatedevelopmentstrategies,,2015isnotonlythelastyearofthe12thFive-YearPlan(2011-2015),butalsotheyearinwhichthenewFive-YearPlan(2016-2020),theyearof2015isalsoessentialinwhichasolidfoundationshouldb,averyimportantprerequisiteistocomprehendandfollowthegeneralideaof“understandingthenewnormal,adaptingtothenewnormal,andleadingthenewnormal”forChina’ndingoftheNewNormalAttheCentralEconomicWorkConferenceheldlastmonth,PresidentXiJinpinggaveasystematicexpositionoftheeconomicnewno’sdevelopmentinthefuture,itiscrucialtohaveasoberunderstandingofthechangesi,,majoreco,,,,developedeconomieshavealsocarriedouta“reindustrialization”strategy,resultinginane,oughprogressbeingmade,variouskindsofregionalcoope,andinthemeanwhileitmakesworldeconomicgovernancemorecomplicated,changeableanduncertain,whichtosomeextent,ewdDrivingForcesforEconomicGrowthFacingnewenvironments,opportunities,challengesandrequirementsintheeconomy’snewnormal,itisessentialtofullyunderstandthatdevelopmentisofle-incometrapandtomaintainChina’’swellknownthatdevelopmentisessential,,,ofcourse,isdifferentfromthetraditionalgrowthpattern,butitmuststillbeachievedataratewithquality,,,especiallyafterthereformandopening-upinthepastthreedecades,,China’spercapitaGDPwasabout$7,000,accountingforonlyone-eighthoftheUSandrepresentingalargegapbetweenthatofChile,ernandstrongcountrywithwealthypeople,Chinahastomaintainsustainable,,heindustrialrevolution,itisfoundthatthekeyfactordeterminingacountry’sdevelopmentiswhetherornotthecountry’,China’’,alleffortsforthecountry’,’slivelihood,,tomaintainastablesociety,,withregardtothetotalsupplyofanddemandforlaborforce,,asthestructureoflaborsupplyanddemandchangesinthefuture,,Chinawillhavemorethansevenmillionundergraduates,loyment,onlywhenmoderategrowthconnectedwiththepreviousgrowthmomentumismaintained,,financialsystemandbusinessoperationarelikelytobecoveredupduringhigh-speedgrowthduetotheriseofprices,,China’sfinancialriskshavealreadyaccumulatedtoacertainlevelthatcan’governmentdebtatalllevelshadamountedto30trillionyuan($)bytheendofJune2013,,assetpriceswouldshrinksubstantially,resultinginasha

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ByYeXingqing,,2015Intheprocessofsynchronouslypromotinganewtypeofindustrialization,informatization,urbanizationandagriculturalmodernization,,thestumblingstonesaresmall-scaleoperationandlowlaborproductivity,whichleadstolong-standinghighcost,itisdifficultforfarmerstohaveanincomecomparablewiththeaverageofthewholesociety,andtheKuznetseffect,supposedtoshowpresencewhenlaborisreallocated,-ruraldualsystem,specialdi,theChinesegovernmentshouldbecommittedtopromotingmoderate-scaleagriculturaloperationandimprovingagriculturallaborproductivity,whichshouldbearsofefforts,remarkable,agriculturaltechnologyinChinacontributed56%toagriculturalmodernization,61%ofagriculturalplowing,plantingandharvestingwasachievedbymechanizedfarming,over51%offarmlandwaseffectivelyirrigated,over95%offarmcropswereimprovedvarieties,andtheaveragecommodityrateofthreecropswasmorethan86%.Chineseagriculturehaswitnessedmoreimprovedvarietiesofcrops,betterutilizationofwaterresourcesforagriculturalproduction,greaterrateofmechanizedfarmingandhighercommodityrateofcrops,,Chinahasenteredintothemiddle-to-latestageofagriculturalmodernization(seeTable1).Table1DifferentStagesofAgriculturalModernization

八达官网手机版ByLvWei,,2015InMay2014,duringhisvisittoShanghai,PresidentXiJinpingpointedoutthatShanghaishouldbeintheforefrontofpromotingtechnologicalinnovation,andimplemenchnologicalinnovationcenterwithglobalinfluence,whichisnotonlynecessaryforShanghaitocarryouttransformationanddevelopment,butalsoimportantforCh,thisinitiativeshouldbewellplannedforitsfunctionnnovativeCountryInordertocarryouttheinnovation-drivendevelopmentstrategy,regionalinnovationsystemswithuniquefeaturesareneededandanumberoionalcompetitivenessTechnologicalinnovationcenterreferstotheplace,withtheirleadingabilityastheforerunneroftechnologicalinnovationintheareasoftalents,capital,technology,,theSiliconValleyandtheHighway128intheUSA,theTokyoMetropolitanAreainJapan,LondonandManchesterintheUK,MunichandStuttgartinGermany,TelAvivinIsrael,andSeoulinKoreaarealltheworld’novationcenternowadays,,theyaretheplacesthatgatherinnovationelementsandhigh-endinnovativetalents,withmulti-leveswithinternationalinfluence,,theyaretheplacesthatgroupcompanieswithinnovativevigorandinternationalinfluence,,theyaretheplacesthatenjoyfairmarketcompetition,regulatedl,theinnovationcentersarelargeregionalconceptsthatbreakthroughtheboundariesofcities,,theyaretheplaceswithoneorseveralinnovativecitiesasthecore,consistingofsomesurroundingcityclusterswithahighdegreeofopenness,industrialsupportandtechnologyabsor,theworldfamousinnovationcenter--theSanFranciscoBayAreawiththe“SiliconValley”asitscore,whichincludesSanJose,Oakland,SanFrancisco,andmanyothercityclusters;theinnovationclusteroftheHighway128intheeasternUnitedStatesissupportedbyBoston,NewYork,Philadelphiaandothernearbymetropolises;Japan’s“TokyoMetropolitanCircle”isacityclusterwithTokyoasthecore;Bangalore,thethirdlargestcityinIndia,,,theTokyometropolitanareaisestablishedthroughthegovernment’s“capitalcircleplanning”.ustocreateauniqueregionalinnovationsystem,andncenterAtpresent,,namelytheBohaiRimwithBeijingasitscore,theYangtzeRiverDeltaregionwithShanghaiasitscore,andthePearlRiverDeltaregionwithShenzhenasitscore;thecentralandwesternregionshavetechnology-intensivezonessuchasGuanzhongwithXi’anasitscore,ChengyuwithChengduandChongqingasthecore,,thecorecitiesofthethreemajorinnovativehighlands,Beijing,,technologyandculturalcenter,’suniversitiesa’stechnologicalsupplycenter,andincubatoroftechnologicalachievements,80%’rprisesandcutting-edgetechnologicalinnovationandentrepreneurialcompanies,,expenditureandinventionpatentsoftheenterprisesinShenzhentakeupmorethan90%,,Shanghaiisthecountry’seconomic,financial,,,Shanghai’inistrationofthestateagenciesandthenumberofresearchinstitutes,thenumberofacademiciansoftheChineseAcademyofSciencesandChineseAcademyofEngineering,thenumberoftalentsoftheNationalThousandTalentsPlan,thenumberofnationalscienceandtechnologyprojects,hosetolocateinShanghai;theRDexpe,ShanghaiisChina’,nuclearpowerequipment,arterialcivilaircraft,,’smostdevelopedareaineconomy,withstroncentratedsuchastechnologytalent,investment,venturecapital,entrepreneurialcompaniesandsoon,ountry,itssizeofventurecapitalisover2timesgreaterthanthatofthePearlRiverDeltaregion,%high,havingagoodbasisformanufacturingandrelativelycompleteindustrychainintheYangtzeRiverDeltaregion,JiangsuandZhejiang’slandcapacityan,theYangtzeRiverDeltaregionwithShanghaiastheleadingcityismosteligibleforbeingthefirsttechnologicalinnovationcenterwithtegyItisthenationalstrelt,andenableShanghaitoplaytheroleofthecorecityintheinnovationintensivezoneoftheYangtzeRiverDeltaregionInlightoftheinternationalexperience,itisdif,theCPCCentralCommitteehasinitiatedstrategiestofocusonthethreeregionaldevelopmentstrategies,namely,the“BeltandRoad”,thecoordinateddevelopmentoftheBeijing-Tianjin-Hebeiregion,,buildingthetechnologicalinnovationcenterinShanghaiwillacceleratethedevelopmentoftheYangtzeRiverEconomicBelt,whichistheefficientcombinationofthenationalinnovation-drivendevelopmentstrategyandtheregionaldevelopmentstrategy.,2015I.“NewNormal”MeansChina’sEconomyHasReachedaHigherStageintheCatch-upProcessIn2014,China’sGDP,calculatedbyannualaverageexchangerate,,oroverUS$10trillion,,duetothehigh-speedgrowthdrivenbylate-developingadvantages,Chinarealizedindustrialization,,however,itisimpossibletosustainrapidgrowthfor,majorchangeshavetakenplaceintheenvironmentandconditionsforChina’,suchaseconomicslowdown,andacceleratedstructuraladjustments,China’seconomicdevelopmenthasenteredatransitionalstagemarkedby“newnormal”.Suchtransitioniscommonlopi,inessence,thatChina’,ateachstageofthecatch-upprocess,havedifferentlate-developingadvantagesandgrowthpotential,resultingindifferenteconomicgrowthrates,’seconomicperformance,wecand,drivenbysystemreformorexternalenvironment,late-developingeconomies,,therearehuge,itiseasyforenterprisesto,thedeman,rapidoptimizationandupgradingarewitnessedinthestructuresofindustry,consumption,urbanandruralsocieties,’,thedemandsforinfrastructure,residents’oftenseenattheearlystagesduetotheincreaseindifficultyandcostofintroducingadvancedequipmentandg,growthdecelerationisthephenomenonandtheeffect,,late-developingcountriesfurtherclosethegapofpercapitaGDPwiththeadva,,makegreatprofitsandreleasethepressureofrisingcostsbycreatingbrand-newproducts,ages,’seconomicdevelopmententersintothenewnormalstate,meaningChina’seconomyshiftsfromhigh-speedgrowthfeaturedbyexpansionintwosessionsoftheNationalPeople’sCongressandtheChinesePoliticalConsultativeConference(NPCandCPPCC)closednotlongagothisyear,theChinesegovernmentsetthegrowthtargetfor2015atabout7%,,ratherthantheperiodicfluctuationcommonlyseen,,therearestillmultiplefavorableconditionsforChina’,withrespecttopercapitaGDP,thefigureinChinaisonlytwo-thirdsoftheglobalaverage,conomicgrowthandcontinuouslyraisepeople’,,’smore,260millionmigrantworkersneed,,withsome7millionuniversitygraduateseveryyear,goodinfrastructureandstrongabilityofintegratingandcoordinatingdifferentindustries,Chinaisenhancingitsinnovationabilityintheareassuchasaerospace,biology,newenergyandinformationtechnology,ceforeconomicgrowth.

环球通比牛牛,therearethreemetropolitancirclesinChina,namelytheYangtzeRiverDelta,,theyposs,theirdevelopmentstillfacesmanyrealisticproblems,requiringproperhandlingoftherelationshipbetweenthegovernmentandthemarketan,cities,includingmetropolises,reflectthedevelopmenthistoryofhumansocietyandembodypeople,livingincitiesandbecomingurbandwellershavebecomepeople,,citiessuchasXian,Luoyang,Kaifeng,NanjingandBeijingweresecondtononewhencomparedwithotherc,citiesandurbanizationinthemodernsenseonlyemergedafteri,urbanizationinChinastartedover100yearslaterthanWesternindustrializedcountriesandbackwardindustrializationw,especiallyafterthefirstindustrializationrevolution,theword"congregation"or"systematization",itsbecauseofthecongregationofpopulationandhumanactivitiesintherelativelynarrowspaceofcitiesthatpeoplecllayout,butalsofortheimprovementofpublicservicesupply,reductionofsupply,salsobecauseofthecongregationthatpeoplehavetobearthenegativeimpactresultingfromtrafficcongestionandoverburdenedpublicservices,,forcitydevelopment,besidescongregationintermsofscale,numberandscope,soundorganizationisalsoneededamongdifferentindustries,acrosssocialsectors,,thenegativeimpactinducedbycongregationofpopulationandvarioushumanactivitiescanbereduced,whilewithoutsuchorganization,,congregationandsystematizationhavegonebeyondthescopeofasinglecityrelatedtopopulation,industry,socialactivitiesandgovernance,butaretheresultofin-depthintegrationofcitiescountry,metropolitancirclescanintegrateandoptimizevariousnationalr,currently,thereareseveralmegametropolitancircleswithglobalinfluenceintheworld,includingtheNewYork–Boston–WashingtonmetropolitancircleandtheGreatLakesintheUnitedStates,theTokyometropolitancircleinJapan,,theRanstadcircleintheNetherlandsandtheRhine–,themetropolitancirclesaresupportedbythelayeredstructureinspacewithatryorregionandgreatlyeasedthevariousurbandiseasescausedbyover-congregationofpopulation,,Britain,France,Germany,Japanandotherdevelopedcountriesinsocialsystem,culturaltradition,geography,climateandresources,,peoplehopethatwhilecreatingmaterialprosperity,metropolitancirclescanalsokeepsustainableenvironmentandresources,withafairandsocialorderandawell-managedcitygovernance,soastoimprovetheliv,thereareobjectiverulestofollowfortheformationandgrowthofcities,theoptimizationofurbanspatialstructu,,ge,%,Chinasurbanizationoverthepastthirtyyearssexactlybecauseofthelarge-scopeurbanizationthatthreeultralargemetropolitancircles(theYangtzeRiverDelta,PearlRiverDeltaandBeijing-Tianjin-Hebeiregion)haveemergedinChina,,%ofeconomicactivities,thethreecirclesenjoyanimportantgeo-strategicpositionandthelocationadvantageandthushavethepotentialtogrowintoworld-levelones.Source:BrilliantAchievementsin20Years,’,,wewillbeabletofurthernarrowourgapwiththedevelopedcountries,furtherraisethestandardandqualityofthepeople’slifeandlayasolidfoundationf’seconomicdevelopmentinthenext20years,thearticlewillfirstanalyzethepotentialsinandchallengestoChina’generaldynamicandcalculableequilibriummodelofChina’ofutureeconomicdevelopment,itisnecessarytolookbackintoandsummarizetheechefuturedevelopmentaswellasthefundament’seconomyhaswitnessedprofoundchangesinthepast20yearswithrapidgrowthcoupledwithhugerestructuring:thefastindustrializationandurbanization,therapidemergenceofnonstate-ownedeconomy,greaterdependenceontheexternaleconomulationofcapitalinkindandtheincreaseinproductivity,,capitalinputcontributednearly60%totheoutputgrowth,productivityincreasecontributed30%,"makingupforthemissedlesson,"theannualincreaseininvestmentmaintainedatabout38%after1985andat40%areas,butalsohigherthanthatinSoutheastAsiannationswhichshareasimilarculaseinpeople’,people’sincomesawgreatincreasein17yearsasaresultofthefactthactricappliancesweremuchsoughtinthe1980s,butafterthat,,banandruralresidentstoreach4,,thedeclineinthestaterevenueledtoafallinthegovernmentsavings/investment,butthehugerise,%from1979to1997,accountingforover10%urcesflowamongthedepartments,enhancedthedispositionefficiencyandheightenedenterprises’equipmentintoChina,butalsoenabledustolearnthemodernmanagementskillsandboostedthecoomicgrowth,howevertheredeployment,higheroutputcanstillmaterializethroughdemandstructurechangetoenableproductiontoleantowardindustrieswithhigherproductivityandtoallowresourcest,,China’sindustrialrestructuringalsoconstitutesamajorconditionforthehigheconomicgrowthrate,particularlylargenumbersofworkforceinagriculturehavemovedintothesec%from1978to1997,,China’sfutureeconomicgrowthwillbedeterminedbywhetherthegrowthfactorsmentionedabovecanbemaintained.…Ifyouneedthefulltext,pleaseleaveamessageonthewebsite.ByXuHongqiang,,2015ShenzhenandHo,tioninscienceandtechnology,theconstructionofShenzhen/HongKongInnovationCircleandtheworld-classtechnologyinnovationcenterwillprovidenewandsustainableincentivestotheeconomicdevelopmentinthetwocitiesaswellasintheregion,upliftingChina’/HongKongInnovationCircleDrivenbytheneedforinnovationandaimingatdevelopingtheworld-classtechnologyinnovationcenter,Shenzhen/HongKongInnovationCircleispromotedbythegove,,highlyaggregatedregionalinnovationsystemandindustrialagglomerationwhichwilllead,,itmeansthatthroughcoordinatingthemanagementofinnovationresources,ShenzhenandHongKongwillimplementfavorablepoliciesfortechnologicalpersonneltofacilitatetheircross-borderwork,lifeandactivitiesinanattempttoshareinnovationresourcesinresearchworkforce,funds,preferentialtaxpolicies,markets,technologyinnovation,pushforwardtheupgradingofindustrialandeconomicstructureofShenzhen,HongKongandthePearlRiverDelta,/HongKongInnovationCircleBasedonthefollowingthreereasons,itisofgreatstrategicsignificancetobuildShenzhen/,facingeconomicrestructuring,,domesticeconomyisinadesperatenee,’seconomicstructureandincreasetheindustrialcompetitivenessofthePearlRiverDeltaAfter30yearsofdevelopment,Shenzhenhasmadegreatachievementsineconomicconstruction,rankingthe4thineconomicscaleamonglargeandmedium-sizedcitiesinmainlandChina,onlynexttoShanghai,Beijing,,intheprocessofrapideconomicdevelopment,Shenzhenisalsofacndenvironmentalcapacity,relativelylagging-behindsocialcon,ShenzheninitiatedthestrategicconceptionofconstructingtheBayAreaeconomywithafocusoncreatingBayAreaindustrialclustersofTaiShanBay,ShenzhenBay,DapengBayandDayaBay,aneffortofwhichresultsinthegradualformationofaregionalinnovationsystemmainlybasedonGuangzhou,/HongKongInnovationCircleandmakingthescientificandindustrialadvantagesofthetwocitiescomplementarytoeachotherwillpromotethetransformationofShenzhen’seconomicstructurea,pushforwardtheconstructionofregionalinnovationsystem,andrea’sadvantagesintechnologicalresources,andbringinnewdrivingforcesforecono/HongKongInnovationCirclewillhelpmakefulluseofsuchadvantages,turnthemintoindustryandbusinessopportunities,(GII)jointlyissuedbyCornellUniversityintheUnitedStates,theEuropeanInstituteofBusinessAdministration(INSEAD)andtheWorldIntellectualPropertyOrganization(WIPO)showsthatHongKonghasalwaysbeenamongthetopregions,,duringtherecentfouryears,HongKonghasexperiencedadecliningtrendonthelist,indicatingthatHongKong

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