The current joint operat微信群红包夜网t the first of its kind

?for Herbert Smith Freehills. The London-headquartered law firm has also been work

ing with Hiswara Bunjamin and Tandjung in Indonesia in a similar fashion for the last 15 years.微信群红包夜网女神会所

Gavin Guo, international partner of Kewei, said that they had submitted an application for the joint operation to the Shang

微信群红包夜网hai Municipal Bureau of Justice earlier this year and it took them three months to get the green light.

According to Guo, the joint operation of law firms is different from a joint ven

ture and does not include equity options. The two law firms are still independent e微信群红包夜网女神会所

ntities but share administrative resources and provide one-stop legal services to clients.

Such joint operation models are attractive for multinational companies with operat微信群红包夜网

ions in China and outbound Chinese companies, said Guo. Before this, companies need to go to a foreign la

微信群红包夜网女神会所w firm and a Chinese law firm separately for legal services. This can be avoided as communication with both the l

aw firms can be completed in the same office and will incur only a single charge, he said.微信群红包夜网

“Given the current global economic and political uncertainties and trade friction, governments are tightening their scru

微信群红包夜网tiny and regulation in areas like foreign direct investment. The joint operation model will play a big role in te

rms of transaction habits, disputes resolution and even company strategies,” he said.

The first joint operation was set up by the Chicago-headquartered Baker McKenzie and Beijing Fenxun Partners in April 201微信群红包夜网女神会所

5. In an action plan rolled out in April 2018, the Shanghai Municipal Bureau of Justice said it will study the possibility of pro

moting the joint operation model to the rest of the city to further improve the business environment.微信群红包夜网

Domestic enterprises accelerate pace of innovation amid friction between China, US

The structure of China’s foreign trade will continue to improve with more flexibility in the second half of this year du微信群红包夜网女神会所

e to its institutional, industrial and market advantages, officials and experts said on Thursday.

Li Kuiwen, a spokesman for the General Administration of Customs’ Department of Statis微信群红包夜网

tics, said China has not only increased its market share with major economies such as the European Union th

is year, but its trade volume with emerging markets has also notably surged.微信群红包夜网女神会所

Li’s remark came after the administration announced earlier on Thursday that China’s foreign trade grew 4.2 p

ercent year-on-year in the first seven months of the year to 17.41 trillion yuan ($2.47 trillion).

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e noted that there are sto微信群红包夜网女神会所statistic in the

village, and i微信群红包夜网女神会所nnovation and entrepreneurship have transformed the ancient village. He expressed hope that the

re could be more similar townships across the country to help the creation of jobs and innovation.

To make administrative services more accessible, Li said reforms must be conducted to enable the services to be accessed v

ia one website so that the public can be saved the trouble of making trips to government offices.

The Hong Kong Special Administrative Region government

on Saturday announced suspension of the proposed amendments to the city’s extradition laws.

Chief Executive Carrie Lam Cheng Yuet-ngor announced the decision three days after a protest-t

urned-riot against the amendment bill brought to a standstill the city’s main administrative and business areas.

The decision, Lam said, was made after the SAR government had

carefully evaluated the situation for the greatest interests of Hong Kong.

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hina’s economy has generally maintained stable growth

?this year, a微信群红包夜网品茶微信nd the central government will take a series of significant measures to promote high-quality economic development, Liu said.

Huang said China should be cautious about the impact of the slowing global growth and also hold some measures in reserve.

“If we use up all the ammunition, what are we going to do in a coup

le of years if the global economy suffers greater downturns, as some expect?” he asked.

Yi Gang, governor of the People’s Bank of China, the central bank, said

on Friday that interest rates and reserve requirement ratios still have “plenty of ro

om” for adjustment, but the monetary policy will remain “prudent” and should be “sober-minded”.

A flexible RMB is good for the Chinese and global economy, and the PBOC is not interv

ening in the foreign exchange rate market, Yi said. “I hope this situation will continue.”

www.shanghaidianbaobao.cn

For first time, scientists watch entire animal’s muscle sy

Researchers at Columbia University and the University of Chicago-affiliated Marine Biological Laboratory (MBL) have

mapped the full-body muscular activity of an animal while it was moving and behaving, for the first time in the world.

In the study, the researchers watched the patterns of muscle activity in a small aquatic animal called a hydraas. Based on prior su

ccess in mapping full-body neural activity in hydra, they pinpointed seven distinct patterns of hydra’s muscle act

ivity this time, according to a news release posted on the website of the University of Chicago on Thursday.

Hydra are freshwater organisms, only a few millimeters in length, and be

long to the phylum Cnidaria, which also includes jellyfish and coral. Their tubular bodies are c

omprised of two layers of muscle, each composed of a different cell type and separated by two nerve nets

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The meeting highlighted the importance of strengthen

?innovative capabilities as well as opening-up and cooperation in this regard, and called for improving the services and

environment for opening-up and cooperation so that development is promoted through opening-up, inn

ovation is advanced through reforms and win-win results are achieved through cooperation, it said.

Tough and newly emerging problems should be resolved through deepening reforms, the statement said, adding that the

capability of dealing with challenges and preventing risks should be intensified.

The meeting required Shanxi province, a coal-abundant area in North Ch

ina, to conduct pilot reforms in its energy industry and take the lead in the whole cou

ntry in areas such as promoting clean and low-carbon energy use and enhancing innovatio

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nd information technology, had confirmed at the Boao Fo

oao Forum for Asia, that China will grant 5G licenses this year, but didn’t disclose a specific date.

“5G, industrial internet and the internet of vehicles are among the country’s top development priorities

in the telecommunications industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Technology, sa

id on Friday during the World Telecommunication and Information Society Day.

Zhang called for accelerated efforts to set standards in key areas, including 5G, to expedite the com

mercialization of this forefront technology and bolster the nation’s core competitiveness.

Major Chinese smartphone maker Huawei Technologies Co has already unveiled its first 5G chip and first 5G fold

able smartphone, the Mate X, which is expected to hit the market in June, despite challenges involving the United States.

www.shanghaidianbaobao.cn

Conflict also disrupts growth. Although many conflic

icts appear to have a religious or ethnic basis, some scholars believe their root cause may be economic, with ethnic divisio

s serving as a way to exclude other groups from access to scarce resources and opportunities. Whatever its so

urce, inequality of opportunity has a highly disruptive effect on governance and hence growth.

But these obstacles are not insurmountable. For one th

ing, developing countries now have huge potential export markets in middle-inc

ome countries, and no longer depend entirely on advanced economies for access to global markets.

Belt and Road can play vital development role

There is also a renewed awareness of the importance of infrastructure in e

nabling growth. In addition to roads, railways and ports, electricity and digital conn

ectivity are crucial. In this regard, the rapid expansion of cellular wireless technology, combined with the install

ation of high-capacity undersea broadband pipes around Africa, represents major prog

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The country will continue to deepen supply-side stru

ctural reform and consolidate outcomes in its efforts to cut overcapac

ity, reduce excess inventory, deleverage entities and lower costs, the statement said.

More efforts will also be made to strengthen the dynamics of micro-entities, im

prove industry chains and ensure unimpeded flow of goods and services in the national economy.

The meeting also pledged major new outcomes through enhanced reform and opening-up.

More work will be done to seize new opportunities, improve scientific

and technological innovation capacity and speed up green development, said the st

atement, which also stressed the need for the country to take part in the reform of the global economic governance system.

It is also important to resolutely guard against the practice of forma

lities for formalities’ sake and excessive bureaucracy, as well as prevent fraud to ens

ure implementation of requirements set in the Central Economic Work Conference.

ash01.com

Chinese Navy to send huge fleet to take part in sea parade

Chinese Navy will send 32 warships and 39 aircraft to take part in a joint sea parade in waters near Qingdao.

Nearly 20 ships from about 10 countries will participate in the sea parade on Tuesday, deputy commander of the PLA Navy Qiu Yanpeng said.

A Singapore Navy frigate arrived on Friday in Qingdao, Shandong province, becoming the first for

eign warship to arrive ahead of a grand event to honor the 70th birthday of the People’s Liberation Army Navy.

The PLA Navy will hold multinational naval activities in Qingdao and nearby waters from Mo

nday to Thursday to celebrate its founding anniversary. They will include a joint sea parade, high-level sy

mposiums, public tours of ships, military music performances and other cultural exchanges.

A press center opened on Wednesday in Qingdao for the upcoming multi

national naval activity.eputy commander of the PLA Navy, attends a press conference for the u

pcoming multinational naval activity to mark the 70th anniversary of the People’s Liberation Army Navy at t

zzyosj.cn

Military drill near Taiwan ‘necessary’sman for the State Coun

Mainland slams response by island’s leader, who called exercise ‘a threat’

A spokesman for the Chinese mainland said a military drill by Chinese bombers and warships around Taiwan on Monday was routin

e and slammed the island’s administration for misleading the Taiwan people and hyping tensions.

On Monday, various warships, bombers and reconnaissance aircr

aft of the People’s Liberation Army Eastern Theater Command conducted “necessary train

ing” around Taiwan as a means to test the joint assault capability between different branches of the military, Senior Colone

l Zhang Chunhui, the theater command’s spokesman, said in a statement on Monday.

The exercise took place in waters east of Taiwan and was part of a scheduled PLA exercise, he said.

“It is completely within the normal legal rights of a sovereign cou

ntry, and it’s beneficial for maintaining peace and security in the Taiwan Straits,” Zhang said.

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