pany’s monetization of games, the timing of online ad recovery, fintech p
roduction traction, and progress in industrial internet and software development.上海乌托邦品茶微信
Chinese tech heavyweight Lenovo Group Ltd saw its profit more than double in the quarter which ended in June, on the back of
a record high personal computer market share and strong performance in its internet data center business.上海乌托邦
Its profit hit $162 million compared with an average estimate of $154 millio
n by nine analysts, according to data service provider Refinitiv. Its revenue rose to $上海乌托邦
12.51 billion, marking year-on-year growth for the eighth consecutive quarter.
Yang Yuanqing, chairman of Lenovo, said the Beijing-based company has cemented its positi上海乌托邦品茶微信
on as the world’s largest PC maker, grabbing a record 24.9 percent market share in the quarter.
“We have seen robust growth in market segments such as gaming PCs, and light
上海乌托邦PCs, with related revenue jumping by about 30 percent year-on-year,” said Yang.
According to him, the company also performed quite well in Japan after it acquired a 5
1 percent stake in Japanese technology firm Fujitsu Ltd’s personal computer business.上海乌托邦
“Our enhanced operational efficiency also contributed to our better profit
s,” Yang said. The company’s gross profit margin hit 16.4 percent in the quarter.
Lenovo’s strong performance came as global PC market rebounded from April to上海乌托邦品茶微信
June. Year-on-year growth during the quarter reached 4.4 percent, which was nota
bly higher than expected as the easing of supply shortages combined with looming trade tensions which increased the上海乌托邦
demand, according to data from the market research company International Data Corp.
“Supply for Intel’s processors improved markedly during the quarter, allowing most PC vend上海乌托邦品茶微信
ors to fulfill old orders while also shipping a healthy supply of new PCs into the channels,” Jitesh Ub
rani, research manager for IDC’s Mobile Device Trackers, said in a research note.
in new games as it rode Peacekeeper Elite and other titles like Honor of Kings to reignite growth in a business that co
ntributed 30 percent of its revenue. The company said it released 10 games in the second quarter.上海419论坛女神会所
“Although we thought our recently revised estimates would be low enough, second quarter of 2019 topline growth on
上海419论坛ce again missed both our and the Street’s expectations,” said Alicia Yap, an analyst of Citigroup Global Markets Asia, wh
ich maintained a Buy Rating on Tencent shares after the results were published.
“We expect gaming revenue to re-accelerate starting from the second q上海419论坛女神会所
uarter onward,” David Dai, a Hong Kong-based analyst at research and broke
rage firm Bernstein, told Bloomberg News, adding this would also drive a surge in overall revenues.
Tencent’s performance is actually in line with the bigger picture for other digital outfits.上海419论坛
Digital ad spending in the world’s second-largest economy is
expected to hit $79.82 billion in 2019, growing 22 percent from the year before, said eM上海419论坛女神会所
arketer. But the figure represents a reduction from the 28 percent growth seen last year.
The slower growth in economy combined with the prolific ad inventory at rival Bytedan
上海419论坛ce will weigh on marketing demand and ads, said a research note from Citic Securities.
“But given Tencent’s abundant share in online traffic (over
40 percent) and relatively low monetization rate of the ad上海419论坛女神会所
business in China, the current stalemate wouldn’t last too long,” the Citic report said.
On a positive note, the new revenue category of “FinTech and Business Services” set up this ye
ar that includes payment and cloud services churned out 22.9 billion yuan, up 37 percent on co上海419论坛
mparable business last year. The sector was fueled by rapid growth in commercial payment volumes.
“We have learned from our industry contacts that Te上海419论坛女神会所
ncent’s WeChat Pay has enhanced efforts to improve profitability
by phasing out/reducing subsidies,” Nomura Securities said in its own research note.
Bureau of Statistics indicated the infrastructure investment growth rate, year-to-y
ear, retreated to 3.8 percent in the first seven months, compared with 4.1 percent in the first six months.上海419品茶微信
Economists have said they think the policy stance likely will be loosened again in Augus
上海419t to support economic growth. As a result, growth is expected to be stronger in the next two months.
“In the current environment, we believe economic growth is likely to be strong only when there is clear policy support, like
in the first quarter and in June,” said Song Yu, chief China economist at Beijing Gao Hua Securities.上海419品茶微信
Goldman Sachs research showed on Friday that by the end of June, the official general government sp
上海419ending balance recorded a deficit of 1.6 percent of GDP, the largest half-year deficit since 2011. The gr
eater than expected half-year deficit is from the combined effects of tax and fee cuts and more public spending.
Despite some fiscal challenges and rising debt levels, the government will continue to step up fiscal suppo上海419
rt, as needed, to ensure the economy doesn’t slow more than policymakers can tolerate in the near
term, said Wang Shengzu, co-head of Investment Strategy Group Asia at Goldman Sachs.上海419品茶微信
Enthusiasm for new game titles to keep company in pink of health, say experts
Enthusiasm for new game titles and the development of industrial software
上海419are the key factors that will determine the future financial health of tech giant T
encent Holdings Ltd following the release of the company’s second quarter earnings.上海419品茶微信
Shares of the Hong Kong-listed fell 2.82 percent, or HK$9.6 ($1.22), to settle on Thursday at
HK$330.4, after it reported its core gaming business rebounded in the three months ending in June.
Net profit jumped 35 percent year-on-year to 24.14 billion yuan ($3.4 billion) in the t上海419
hree months to June, while revenue rose 21 percent to 88.8 billion yuan in the same period.
The company experienced a slowdown in the online advertising sec上海419
tor. The segment accounts for 18 percent of Tencent’s overall revenue.
“Our assumption is that the macro environment will remain difficult for the rest of the year and that the situation of the上海419品茶微信
heavy supply of advertising inventory will continue for the rest of the year and potentially into next y
ear,” Tencent Chief Strategy Officer James Mitchell said in an earnings call late on Wednesday.
newly-built Beijing Daxing International Airport begins
operation at the end of September, the report said. 上海千花坊女神会所
5G technology development will be led by typical application
上海千花坊s including 5G+8K HD video, 5G+ telemedicine and 5G+ auto
pilot, while 5G infrastructure construction in relative areas will also be strengthened.
Having selected 34 different light poles in different regions, a beta-test of 5G base stati 上海千花坊女神会所
on construction using urban light poles has also been carried out, and the construc
tion of 5G base stations on 15 light poles has now entered the final implementation stage in Beijing. 上海千花坊
About 20,000 5G base stations were built nationwide in China
by the end of June, with 90 percent of these base stations in Beijing, Shanghai, Guan 上海千花坊女神会所
gzhou and Shenzhen, according to a report by business news portal 21jingji.com.
5G technology is expected to create more than 8 million job opp 上海千花坊
ortunities and 2.9 trillion yuan ($412 million) in economic ad
ded value by 2030, the China Academy of Information and Communications Technology said.
上海千花坊女神会所The academy also projected the 5G industry will make a direct contribution to about 6 percent of the country’s GDP by 2030.
The number of internet users has surged to 830 million in 2018
from 620,000 in 1997, according to the National Bureau of Statistics (NBS). 上海千花坊
On Tuesday, the NBS released a report on China’s achievements on ec
onomic and social development since the People’s Republic of China was founded 70 years ago. 上海千花坊
Telecommunication industry has been developing fast in 70 years. In 2018, the traffic consumption of mobile internet rea
ched 71.1 billion GB, 56.1 times of the amount in 2013. At the end of 2018, 368 million peo 上海千花坊女神会所
ple accessed internet through optical fiber and 1.17 billion people accessed it through 4G.
for the park to compensate her loss. The case was heard on April 23 and the verdict is pending.
Since being disclosed by a number of Chinese media over the weekend, the case 上海夜生活
has sparked heated discussions on social media about whether it is reasonable for the world’s second largest W
alt Disney park to deny visitors the right to bring their own food. Some argue that the food and beverages supplied wi
上海夜生活品茶微信thin the park are overpriced, making the motivation behind the policy appear dubious.
In an online poll by local media shobserver.com, 40 percent of the respon
dents said they don’t mind such a policy as long as there is no price difference between the food sold in and o
utside of the park. The poll attracted more than 3,000 people in less than six hours. 上海夜生活品茶微信
Shanghai Disneyland has banned outside food, alcohol and nonalcoholic beverages over
600 milliliters inside its park since November 2017, more than a year after its opening.
This is not the first time Shanghai Disneyland got sued over the p 上海夜生活
olicy. In June 2018, a lawyer from Suzhou, Jiangsu province, tried to take the theme pa
rk to court by accusing it of violating consumer rights. But the court turned down his appeal. 上海夜生活
Wang, together with three of her classmates and a mentor, approached the case
上海夜生活品茶微信as a “service contract dispute”, calling the ban an unfair term in standard-form
consumer contracts. She also cited a statement by the Supreme Court, which said the policy of no outside food
and beverages in the catering industry is a “bullying term”, according to thePaper.cn. 上海夜生活
In one of its recent school journals, Wang and her three classmates, who are all majoring in
international law, said it’s the nature of legal practitioners to find fault with the status quo. 上海夜生活
In 2014, a college student in Yantai, Shandong province, won a lawsu
it against a local cinema that prohibited him from bringing his own drink. 上海夜生活品茶微信
Globally, three out of the six Disneyland parks are open to food and drinks from beyond
its services, while the three in Asia – Tokyo, Hong Kong and Shanghai – carry a no-outside-food-and-drink policy.
frequently than the stick. Though it used a lighter touch in administ
ration after World War II — and this approach had limits; see above — Britain never went so fa上海会所品茶微信
r as to risk its own position. Indeed, when push came to shove the cudgel was still happily relied upon; discontent in t
上海会所he 1950s and ’60s was smothered with a force today’s protesters couldn’t begin to imagine.
Police, after all, did nothing to stop the Legislative Council from being
ransacked and defaced with the colonial flag early last month — compare that treatment wi
th the hundreds killed in protests under British rule. What’s more, even limited improvements in governance w上海会所品茶微信
ere done cynically, as a means of pacifying a restive population. “Democratic” reforms were never se
riously pursued until negotiations began between Britain and China for the restoration of Chinese sovereignty. Su
rely we can put two and two together and see this as more than mere coincidence.上海会所
But for some, this strategy worked. With a few token concessions — none of which compare to the rights the po
pulation now enjoys — certain segments were won over to the idea of living as colonial subjects. Thi
s led to a sort of Stockholm Syndrome, where despite being occupiers the British were looked upon more fav上海会所品茶微信
orably as time passed. Sovereignty and self-determination were sacrificed at the altar of getti
ng ahead in a notoriously unequal system, where class divisions only grew more and more pronounced.上海会所
Long-standing inequalities with deep roots in the colonial period are now blamed by nostalgics on post-handover adm
inistration, and this misplaced blame is amplified by bad actors with an axe to grind. Thes上海会所品茶微信
e contradictions won’t be resolved so long as outside forces attempt to interfere, and th
ere certainly won’t be any progress if the city’s past is viewed through rose-colored glasses.
park to takee over Hennessy Road, a major thoroughfare in the heart of the shopping district in Causeway Bay, bloc
king traffic and disturbing tourists. In hit-and-run tactics, they also went to Wan Chai, taking similar actions.上海419品茶微信
Those protesters face the risk of arrest because they deviated from the planned rally’s location.
Under Hong Kong’s Public Order Ordinance, participating in an unlawful assembl
上海419y is punishable by five years’ imprisonment, and rioting carries a maximum penalty of 10 years.
Also on Sunday, demonstrators continued to occupy the Hong Kong International Airport arrivals hall for a third day.
In a separate development, the city’s major airline, Cathy Pacific, confirmed on Sat上海419品茶微信
urday that a Hong Kong pilot charged with rioting for taking part in a recent protest has been grounded.
上海419On Friday, the embattled airline received a warning from the Civil Aviation Administration of China, the national aviat
ion regulator, over the possible safety risk the pilot posed and queries from passengers and the public.
The airline also confirmed that two of its employees had been dismissed for misconduct.上海419品茶微信
In Beijing, the Foreign Ministry urged the United Kingdom to stop interfering in China’s inte
rnal affairs and to refrain from making random, inflammatory accusations regarding Hong Kong.
上海419品茶微信The refutation came after the British Foreign Office said that new Foreign Secret
ary Dominic Raab spoke by telephone on Friday with Lam about the situation in Hong Kong.
“I’d like to point out that Hong Kong today is a special administrative
region of the People’s Republic of China. Long gone are the days when it was under B上海419品茶微信
ritish colonial rule,” Foreign Ministry spokeswoman Hua Chunying said on Saturday.
relics with the help of digital renderings of the murals, full-scale replicas of important c
aves and movie-like presentations that employ the imaging technology of the academy.上海千花网女神会所
“We are heading in the right direction,” Wu said, adding that the efforts should be expan
上海千花网ded beyond the Mogao Caves to cover other grottoes and cultural heritage offerings.
“The idea is to tap these resources, under the right conditions, for the people to enjoy at any time and in any place.”
Conservation of Buddhist artworks at the Mogao Caves is encouraging similar efforts at home and abroad上海千花网女神会所
Editor’s note: As the People’s Republic of China prepares to celebrate its 70th anniversary on Oct 1, China Daily is feat
uring a series of stories on the role regions have played in the country’s development and where they are today.
上海千花网When asked in front of foreign visitors what it takes to sustain the love for his jo
b after three decades, mural restorer Yang Tao said it is all about having “peace of mind”.
“You need to be in a state of tranquility, to guide a stable hand to mend the lines and reconnect the dots,” said Ya上海千花网女神会所
ng, 52, who works at the Mogao Caves near the major Silk Road hub of Dunhuang, Gansu province.
The UNESCO World Heritage Site is home to some of the best examples in the wo
上海千花网rld of Buddhist murals, sculptures and writings located in nearly 500 grottoes. They c
over a large expanse of Chinese history, including the golden age of the Tang Dynasty (618-907).
Yang’s approach to repairing and preserving the iconic works of art for future genera上海千花网女神会所
tions reflects the serious conservation efforts undertaken in Dunhuang in recent decades.
Possible missile deployment raising concerns in Asia-Pacific, Beijing says
The United States’ intention to deploy new missiles in the Asia-Pacific region has raised co 阿拉爱上海
ncerns, and China will take countermeasures if necessary, the Foreign Ministry and experts said.
阿拉爱上海女神会所Hua Chunying, a spokeswoman for the Foreign Ministry, said China will not “sit idly by” and wat
ch its interests being compromised if the US deploys intermediate-range missiles in the region.
She said China “will not allow any country to stir up trouble on 阿拉爱上海
our doorstep” and “will take all necessary measures to safeguard nati
onal security interests” in a statement published on the ministry’s website late on Monday. 阿拉爱上海女神会所
The comments came days after the US unilaterally withdrew from the Intermediate-Range Nuclear Forces Treaty sig
ned with the Soviet Union in 1987, which banned land-based missiles with a range of 500 to 5,500 kilometers. 阿拉爱上海
Following the withdrawal, US Defense Secretary Mark Esper said over the weekend
that he wanted to deploy midrange conventional missiles in the Asia-Pacific within months.
阿拉爱上海Hua warned that international and region
al security will be severely undermined if the US insists on the deployment.
“For a long time, the US has been grossly interfering in the affairs of regional countries in the Asia-Pacific,” she said.
“Politically, it has tried to drive a wedge between them by promoting a so-ca 阿拉爱上海女神会所
lled Indo-Pacific strategy. It has adopted a selfish, beggar-thy-neighbor approach in econo
mic affairs while making military deployment and strengthening military allies in the region.”
阿拉爱上海The US has been shifting blame by using China as an excuse on issues including the INF
Treaty and hyping up the so-called China missile threat in disregard of the facts, Hua said.
“Despite strong international opposition, the US chose 阿拉爱上海女神会所
to withdraw from the INF Treaty. Now it is hastily seeking to deploy interm
ediate-range missiles in Asia. This, in fact, reveals the real intention of the US withdrawal from the treaty,” she added.
es cannot be solved thoroughly, enterprises may pay fees doubtfully and even be forced to p
ay, lowering their expectations over tax and fee cut policies and dampening the policy impact,” said G上海会所品茶微信
an, citing that tax and fee cuts are the key measures to counter economic downside pressure.
The notice also ordered the establishment of a working system to efficiently deal with denouncements of una上海会所品茶微信
uthorized charges and conduct punishments accordingly, and to cancel every unfounded governmental re
上海会所quirement for enterprises to accept services provided by third parties, Gan said.
In the first six months, China’s newly introduced tax and fee cuts have saved busines
ses 1.17 trillion yuan ($166 billion), partially completing its annual plan to cut nearly 2 trilli上海会所品茶微信
on yuan worth of tax and fees on enterprises, said data from the State Taxation Administration.
In recent years, the country has stepped up efforts to tackle unauthorized fees le
上海会所vied on businesses, with the State Administration for Market Regulation havin
g detected and dealt with 620 million yuan worth of illegitimate corporate fees in its inspection last year.
“Incorporating the payment of various types of fees, such as labor union fees and city clean上海会所品茶微信
ing fees, onto the online taxation platform has helped to slash arbitrary charging by local taxation offi
cials in recent years,” said a representative of a Nantong, Jiangsu province-based textile manufacturer.
上海会所ngsu province has taken the lead in eliminating illegitimate charges, he added.
Liu Chunsheng, an associate professor at the Central University of Financ
e and Economics, said the situation of illegitimate charging may differ markedly in上海会所品茶微信
different places and called for unified rules to regulate local taxation officials’ behavior.