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The Sino-Singapore Knowledge Forum was held in the city-state at the Four Seasons Ho
tel on Friday, when officials and top executives from both sides signed numerous agreements.上海千花网
It was the first time that the annual event has been held in Singapore. Previously, it had been hosted in Guangzhou, Guangdong province for the past five years.
上海千花网品茶微信As a flagship project of the Sino-Singapore Guangzhou Knowledge City, an example of bilateral cooperation, the SSK
F is currently the only high-level forum that is now taking turns to be held in China and Singapore, its organizers said.
Themed “forging new frontiers – all-round opening-up and innovation-driven development”, this year’s f上海千花网
orum was designed to tap the collective intelligence of think tanks, experts and business leaders from China and Singapore.
At the event, trending topics were explored during panel discussions regar
上海千花网品茶微信ding future cooperation and development between the two countries, the organizers said.
An estimated 250 guests from Singapore and China attended, following the Singa
pore-Guangdong Collaboration Council’s ninth meeting, which was held the morning of the same day.上海千花网品茶微信
A series of agreements were signed during the meeting.
Among them was a memorandum of understanding for the development of an international artificial intelligence innov
上海千花网品茶微信ation center funded by TUS Financial Group from China and Ascendas-Singbridge Group from Singapore.
In response to the Chinese government’s drive to create an international in
dustry innovation hub in the Guangdong-Hong Kong-Macao Greater Bay Area, the center is pl上海千花网
anned to be built at the Sino-Singapore Guangzhou Knowledge City and leverage its research and de
velopment resources to achieve breakthroughs in core chip technologies, local officials said.上海千花网品茶微信
The Sino-Singapore Guangzhou Knowledge City is located in the Guangzhou Development District.
ternational Economic Exchanges, said besides the policies launched to further stimulate c
上海千花网onsumption upgrade, the authorities needed to regulate the consumption environment in elderly car
e, healthcare and information while easing market entry in the healthcare, education and elderly care industries.
上海千花网Foreign companies are also showing a positive attitude toward the Chinese market.
“The implementation of more opening-up policies in the field of consumption is contributing to the shift of China’s econom
ic growth model from investment orientation to consumption orientation, which is more sustainable,” said St上海千花网品茶微信
phane Rinderknech, CEO of L’Oreal China, one of the world’s leading beauty products makers.
“Today, we are more confident than ever in developing and seizing opp上海千花网
ortunities in China. With a continuously improving business environment, consumers’ trust and
our great China dream team, we are confident in making China the number one market for L’Oreal Group in the near fut
上海千花网品茶微信ure,” he said. “We hope the joint efforts between the Chinese government an
d companies will further stimulate China’s domestic consumption and benefit consumers.”
Faced with trade friction with the United States, experts believe consumption will play a major
role in offsetting the negative impact on trade and putting economic growth on a firm footing.上海千花网品茶微信
“China is a market with a population of 1.4 billion and 400 million middle-income earners, and there is a strong dem
and for consumption upgrade,” said Wang Bin, an official at the Ministry of Commerce. “The domestic consumption ma
rket is full of potential and it is China’s biggest advantage to maintain long-term stable development.”
Rural areas offer more consumption potential, according to experts.
“The country’s exports in the first five months (of 2019) had been increasing but at a slower pace… in the future, the trade surp
lus will inevitably narrow,” said Xu Hongcai, deputy chief economist at the China Center for International Economic E
xchanges, arguing that the degree of dependence on foreign trade will decrease.
He said the country needed to turn to domestic demand to power ec
onomic growth, and the country’s ongoing urbanization offered large potential.
The FDA, which also regulates the cosmetics and beauty industry, says it is “concerned”
about the growing number of CBD products that make unproven health claims.
Not all cosmetic products need the FDA’s approval before they hit the market, but the FDA c
an take action against companies that claim unsubstantiated health benefits from their products.
It’s estimated that about 64 million US citizens have tried CBD in the past two years,
according to a January 2019 Consumer Reports survey of more than 4,000 people.
As for the size of the market, total sales of hemp-based CBD products are expected to
reach $22 billion by 2022, up from $619 million in 2017, according to Brightfield.
“There is high consumer interest in the demand of these products, and there’s a co
mplete lack of regulations in the available landscape,” Paul Armentano, deputy d
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.
ral rights of a sovereign state, and a necessary measure to counter those provocative actions.”
Mutual trust also is growing between China and countries in the region due to joint effo
rts. The overall situation in the South China Sea is stable and becoming better, Shao said.
“Countries from the region have the will, wisdom and capability to manage differences and jointly
promote peace, thus transforming the area into a sea of peace, friendship and cooperation,” he said.
On the Korean Peninsula question, China insists on denuclearizing the penin
sula, and solving issues through dialogue and consultation, Shao said.
“China has consistently, seriously, fully and rigorously implemented
the United Nation’s resolutions regarding the peninsula,” he said. “China also is willing to
work with various parties to promote the denuclearization of the peninsula via political solutions.”