澳门金鼎娱乐场在线

<em id="LqJ"></em>
<dd id="LqJ"></dd>

  • <ol id="LqJ"><object id="LqJ"><input id="LqJ"></input></object></ol>
  • <progress id="LqJ"></progress>

      澳门金鼎娱乐场在线

      $720.00-880.00

      现货287

      澳门金鼎娱乐场在线Therapiddevelopmentoftheserviceindustryhasbeenamajortrendintheglobaleconomicstructuraladjustment,andChinacouldtakethisopportunitytomakeabreakthroug,theChineseeconomywillencountersuchopportunitiesasdeepeningthereform,expandingdomesticdemandandenhancingthecountrysstatusininternationaldivisionoflabor,andconditions,andbasedonthelawofevolutionfortheinternalstructuresoftheserviceindustriesoftypicalindustrializedcounties,suchastheUnitedStates,France,Germany,JapanandSouthKorea,thispaperanalyzesthedevelopmentofChinasserviceindustryandlooksaheadonthefuturedevelopmentofthecountrysServiceIndustryandItsMainFeaturesInternationalexperiencegainedinthedevelopmentoftheserviceindustryshowsthatthedevelopmentofserviceindustryinChinaisparallelwiththeindustrialdevelopment,andthecircu,theinternalrestructuringofChinasserviceindustrytalliesbasicallywiththefactsandexperiencespresentedbytypicalindustrializedcountriesandthedevelopmentoftheproducerservicestallieshighlywithinternationalexperiences;yettheoverallleveloftheserviceindustryfallsshortand,inparticular,theaddedvalueoftheciopment,withitsproportiononaratherlowsideSincethereformandopeningup,China~2011,%inrealterms,%duringthesameperiod,,~2011,theannu%,~,theproportionoftheaddedvalueofChina%%,Chinasper-capitaGDPtopped5,430USdollars(calculatedinUSDatcurrentprices),equivalentto8,594internationaldollars(calculatedininternationaldollarsin1990).Accordingtointernationalexperience,Chinasserviceindustryiswitnessingitssecond-stagedevelopment,namely,aperiodinwhichthedevelopment,in2011theproportionoftheaddedvalueofChinasserviceindustryinthecountrysGDPwasalmost15percentagepointslowerthanthatofSouthKorea,27percentagepointslowerthanthatofGermanyandJapan,andmo,theproportionofChinasserviceindustrypresentsitselfidenticalwithinternationalexperiences,thedecreasingproportionoftheserviceindustryhasbeendwindlingincontrasttothedirectcomparisonsconductedinthesameyears,,thestatisticalunderesindustrybutdevelopsatalevelevidentlylowerthanthelevelfeaturingtypicalindustrializedcountriesduringsamedevelopmentperiodsAccordingtoSingelmanns"QuarteringMethod",resultsfromsortingouttheindustry-classifieddataonChinasserviceindustryfindthat,from1990suptothepresent,thecirculatingserviceindustryhasalwaysbeenthemostessentialindustryinChina~1996,theproportionoftheaddedvalueofthecirc%%,%,theproportionofthecirculatingindustryremainedrelativelystable,%in2010(Figure1).Figure1 ChangesinInternalStructureofChinasServiceIndustryDuring1991~2010Comparedtothesamedevelopmentperiodsexperiencedbytypicalindustrializedcountries,thedevelopmentlevelofChina,000~9,000internationaldollars,theproportionoftheaddedvalueofChinascirculatingserviceindustryturnedout6~10percentagepointsorsolowerthanthatoftheUnitedStates,FranceandSouthKorea,and3~5percentagepointslowerthanthatofJapanandGermany(Figure2).Figure2 ContrastbetweentheProportionofChinasCirculatingServiceIndustryandTypicalIndustrializedCountriesInaddition,comparisonoftherelationshipsbetweentheproportionoftheaddedvalueofChinascirculatingserviceindustryandsecondaryindustryandthatofJapan,SouthKoreaandFranceinthesameperiodofdevelopmentdemonstratesthatthedevelopmentofChinascirculatingserviceindustryisonthewholeconsistentwiththelawsrevealedbyinternationalexperience,thatis,duringthemiddleandlaterperiodsofindustrialization,theproportionofthe%featuringthecirculatingserviceindustriesofJapan,SouthKoreaandFrance,theproportionofChina,whichtallieshighlywiththatofthetypicalindustrializedcountriesduringthesamedevelopmentperiodsSince1990s,theproportionoftheaddedvalueofChinasproducerservicesinthecountry%%,thoughhitbyanarrayoffactorssuchastheinternationalfinancialcrisisin2008,theproportionofproducerserviceswentdownslightly,yettheindustrywasnothamperedseverely.,Chinahasmadesignificantprogresstowardsfinancialsectorderegulationvialiberalizingbanklendingrates,expandingtheQFIIquota,increasingtheflexibilityoftheexchangerate,,includingbanklendingratesandexchangerates,arenowclosermarketequilibriums,andmarketm,Chinatructuralimbalancesduetooverregulations,Chinaneedsto:1)removecontrolsondepositrates;2)furtherincreasetheRMBsexchangerateflexibility;3)furtheropenupitscapitalaccount;and4)liberalizemarketaccesstothefinancialindustrybyremovingexcessiveandhavebeenwrittenintothethirdplenums"Decision",themostchallengingquestionishowtodesignthespecificreformprogramstbeonhighalertincludethefollowing,manyofwhichreflectlegacyissuesoftheoldsystem:,Chinaslocalgovernmentdebthasrisenquicklyinrecentyearstoabout32%,however,isthematuritymismatchbetweenlocalgovernmentliabilities(mostlyintheformofloansandtrustloans),thematurityofatypicalbankloanortrustloanis2-3years,whiletheprojectcashflowswillonlhtening,changeinprudentialregulationsonbanksandtrustcompanies,aswellasdeteriorationininvestorsentimentforwealthmanagementproducts(WMPs).InWesterncountries,theaveragematurityoflocalgovernmentdebtis7-10years,whichismuchclo,therewerenofailuresofbanksandtrustcompanies,andtherewereveryfewdefaultsofhighlyrisky(withriskssimilartojunkbondsinwesterncountries),trustcompaniesandWMPsareexceptionallystrong,butbecausemostofthesepoliticalsystemthatpenalieesofallbanks,trustcompaniesandWMPsleadtoincorrectpricingofcreditproductsissuedbysomeveryriskyborrowers,,,htsteptowardscorrectingthemispricing,,Chinasinterbankratesbecameveryvol,ahighvolatilityofinterestratestendstoconfusefinancialmarketparticipantsandcompaniesastowhatthemonetarypolicyintentionis,,asuddenspikeininterbankratescouldexacerbatethedurationriskf:theyhavedotowiththelackofcapacityinforecastingliquidity,lackofinter-governmentalcollaboration,theloan-to-depositratio,imprudentliquiditymanagementbybanks,shadowbankingactivities,aswellast,cross-bordercapitalflowsremainmanageableasformalcontrolsonQFIIandQDIIquotasremain,,assoonasthecapitalaccountisopen(,theQFIIandQDIIsystemsareabolished),large-scalecapitalinflowsand/oroutflowscouldleadtoexcessivevolatilityoftheexchangerate,destabilizethefinancialsystems,anddamagetherealeco"managedfloatingexchangerateregime",thevolatilityoftheRMB//7thatofMalaysianRinggit,1/13thatofKoreanwon,and1/,massiveinflowscouldresultifChinasbondmarketisopenedtoglobalinvestorsgiventhe2-3%interestratedifferentialbetweenChina)needtomovetowardsamoreliberalizationfinancialsystemsothattoimproveefficiency,and2)theneedtocontainanddefusetheabovementionedfinancialrisks,Chinats,alongwiththeplanedreformssuchasdepositratederegulationandcapitalaccountliberalization:,webelievethatakeyriskfacingthefinancialsystemistheexcessiverelianceoflocalgket,whichwillgraduallyreplaceloansandtrustloans,localgovernmentbondswithlongermaturitiesshouldaccountformorethan50%ofthefinancingsourcesforlocalgovernmentcapex(itisonly10%inChina).Tostartthereformprogram,Chinashouldmodifyitsbudgetlawtoallowindependentissuanceoflocalgovernmentbonds,establishacrediblecreditratingsystemforlocalgovernmentbonds,requirelocalgovernmentstopublishtheirbalancesheetsandmedium-termfinancialprojections,andestablishalegalframeworktoregulatetheapprovalprocedurebylocalpeople"manageddefaults".InaneconomyasbigasChina,afewfailuresofsmallbanksandafewdozendefaultsbyjunkbonds(orWMPs)peryearshouldbenormaland,indeed,,webelievethatregulatorsshouldpermitafewmoredefaultsofnon-standardWMPsintheremainderofthisyear,withsomemodestincreasesinthehaircut(fromthe7%haircutfortheCCTproduct)to,,10-20%.Theseeventsof"manageddefaults"maypotentiallypushupthefundingcostsby100-200bpsforhighlyriskyborrowers,buttheyarenecessaryforcontainingtheexcessiveborrowingviathetrustsector–bypricingoutsomeworstborrowers--andreducingsystemicrisks.

      澳门金鼎娱乐场在线ByLiuShijin,DevelopmentResearchCenteroftheStateCouncil(DRC)ResearchReportNo237,2011HowlongcanChinamaintainitsgrowthmomentumafterexperiencinga30-year-longfastgrowthToanswerthisquestion,thefirstthi,,:whetherChinawillfallintotheso-called"middleincometrap".WhenChina"spercapitaGDPexceeds4,000dollarsatmarketexchangerateandwhenthecountryfacesdiversecontradictionsandchallenges,therearegrowingconcernsanddiscussionsonwhetherChinawillfallintothe"middle-levelincometrap".ItisagainstthisbackgroundthattheDevelopmentResearchCenteroftheStateCouncil(DRC)haslaunchedaresearchprojectentitled"SurmountingtheMiddle-LevelIncomeTrap".Whilereviewingthemajorviewsintheresearchfindings,,China",dicatorsrelatedtodozensofcountriesand,,whichrequiredpatience,seriousnessandprofessionalismandforwhichs,,shouldthedollaratcurrentpriceorthepurchasingpowerparitybeselectedEv,weselectedthelong-termeconomicgrowthdataofvariouscountriesdevelopedbyrenownedeconomichistorianAngusMad,thisdatasetcoversawidescopeand,thisdatasethasalsoprovent"SqueezedGrowth"Inthecourseofdataanalysis,wecarriedouvesuccessivelyenteredtheprocessofindustrialization.(1)Britain,theUnitedStatesandothercountriesthatdevelopedfirstandhavebeenontheforefrontoftechnology.(2)Thelate-comingEuropeancountriesthathavesuccessfullycaughtupwithtechnologically-frontiercountries.(3)TheemergingindustrializedcountriesandregionsinEastAsiathathavetappedlatecomeradvantages,realizedlong-termrapiddevelopmentandscoredsomeprogressininnovationdriving.(4)TheLatinAmericancountriesandsimilarSoutheastAsiancountriesthathadlongpursuedanimportsubstitutionstrategy,createdgrowthmiraclesbutlaterfallenintothe"middle-levelincometrap".(5)TheformerSovietUnionandEastEuropeancountriesthathadlongstucktoplannedeconomy,realizedrapidgrowthandalsooncefallenintothe"middle-levelincometrap".Thehistoryoftheabovecategoriesofcountriesandregionsinindustrialgrowthindicatesthatsomearepioneersandsomearelatecomersindifferentperiodsandthatsomelatecomersaresuccessful,"typicalfacts"insteadof"regularfacts"isthatwehaveobservedtherepeatabilityofthesefactsbutwearenotclearabouttheinhe"typicalfacts",wehavenoticedthefactofthe"squeezedgrowth",thelate-comingcountriesaccomplishedroughlythesame"workload",,inaccomplishingthesameeconomicgrowthtask,BritainandtheUnitedStatesusedabout100years,Japanused70years,SouthKoreaandotherEastAsianeconomiesused50years,andChina(orChina"sdevelopedareas)"squeezedgrowth""pressure""squeezedgrowth"arefullyreleased,,suchas"economictakeoff".Butnowweshouldfocusourattentionongrowthslowdownafterthefastgrowthcomestoaterminal,namelytheissueof"economicslowdown",andthecompletedescriptionandinterpretationoftheprocessofthe"squeezed",wehavenoticed"middle-levelincometrap".opeancountries,whichmostlywitnesseddrasticgrowthslowdowninthe1970s,canberegardedasanothertypeofcountriesfallingintothe"middle-levelincometrap".henplannedecon,growt"successfullychasing",Japan,,growthslowdownisasignofaneconomythathassuccessfullygonethroughtheper,,theyallappearedafteraperiodoffastgrowth(oragoldenperiodofgrowth).,thegrowthslowdownofthosefallingintothe"middle-levelincometrap"appearedinLatinAmericancountrieswhentheirpercapitaincomereached4,000~6,000internationaldollarsandintheformerSovietUnionandEastEuropeancountrieswhentheirpercapitaincomereached5,000~7,"successfulchasers",thegrowthslowdownappearedwhentheirpercapitaincomereachedabout11,"lossofspeed"whentheystillhadpotentialsforfastgrowth,thelatterexperienceditaftertheirpotentialsforf,theeconomiesfallingintothe"middle-levelincometrap",bothLatinAmericancountriesandtheformerSovietUnionandEastEuropeancountries,allhadsomemajordefectsintheirsystems,strategiesandpoliciesforindustrialization,suchastheclosedimportsubstitutionstrategyadoptedbyLatinAmericancountriesandthesystemofplanzation,theireco"successfulchasers"weresuccessful,,wedevelopeda"six-factor"modelandattemptedtogiveapreliminarydescriptionandinterpretationoftheseproblems.ByGuShuzhongZhangLiangHongTao,ResearchInstituteofResourcesandEnvironmentPoliciesofDRCResearchReportNo3,morehillyslopesdeterminetheimportantstatusofandrolesplayedbyhillyslopesintermsoflanddevelopmentandutilizationChinasmountainousregionsandhillylandsmakeup65%ofthecountry,thelandreclamationratehasbeenlowerthan10%,inZhejiang,70%aremountainousregions,23%areplainsand6%(15mumakeonehectare),,yettheareaofhillocksandgentleslopesisequivalenttothatofthearableland;theprovinceofYunnanhasapercentageof94%ofmountainousandsemi-mountainousregionsandapercentageofonly6%,plainsandbasinshavebeendevelopedconsiderablyandthoseareregionswherepopulation,,thepotentialfordevelopmentofthoseregionshavebecomelimited,yetthoseregionsareshoulderingtheresponsibilityandpressureofensuringeco,exploitingandutilizingmowlevelonthewholeandthepotentialsandprospectsforanoveralldevelopmentandutilizationarehugeandbroad(1),,suchhilloc,hillocksandgentleslopesareatypical"marginalland",amarginaltypeamongvarioustypesofland,thuscausingtheinstabilityoftheland,andchangesareapttohappeninusesofthelandandthelandiseasilyusedasforest,grass,arableandconstructionland,whichisusuallyknownas"marginalswitchofuses".(2)elopmentandutilizationofhillocksandgentleslopesinZhejiang,theprovincehas36millionmuintotalofutilizablehillocksandgentleslopes,ofwhich33millionmuaresuitableforfarming,%;,%;520,000muarehardtoutilize,%.TheareaofthehillocksandgentleslopesinZhejiangisequivalenttothatoftheprovincesarableland,yetthehillocksandgentleslopeshavelimitedpopulationandindustries,,thecountrywidehillocksandgentleslopesaccountforapproximately10%ofthetotallandarea,beingbasicallyequivalenttothenationalarablelandstock.(3)D:,residentiallandandinfrastructureland(road,drainage,sewagetreatment,trashtreatment,water-supplyandpower-supplyfacilities,etc.).Theselandtypescanbeusedaslandresourcesfortheconstructionofcitiesandtoweisureandlandscapeareasaccordingtotheirspecificconditionsandtheoverallplanning,whichisbeneficialtothemaintenanceoftheecologicalenvironmen,moreplainscanbeobtainedasarablelandthatismoresuitablefsarablelandthroughnecessaryproj,hillocksandgentleslopescanbeutilizedaslandresourcesfordevelopingnewenergyresources(windpowerandsolarpower).portantwayforrelievinglandshortageatpresentperiod(1)Theplightsofensuringtheeconomicdevelopmentandmain,urbanizationandmodernizationcurrentlytakingplaceinChina,therehasbeenarobustdemandforland,especiallylandforconstruction,,Chinaisconfronted,andwillbelongconfrontedwiththepressureandchallengeoffoodsecurityandtherehasbeenanever-increasingpressureandrequirementforprotectingarableland."Ensuringtheeconomicdevelopmentwhilemaintainingtherock-bottomamountofarableland"hasbeenandwillbe,withinalongperiodoftime,forconstruction.(2),thehillocksandgentleslopes,asthe"marginalland",havebecomethetargetandhopeforrelievingtheplights:constructionlandsupply,aswellasoneofthemainchannelsforprovidingimportantlandresourcesforindustrialization,urbanizationandconstructionofthenewcountryside;ablelandoccupiedforindustrialization,urbanizationandconstructionofthenewcountrysideandinfrastructurefacilitiesandforeffectivelyprotectingarableland;(thoughthechoiceisnowatissueandshouldnotbeadvocatedatpresent)forcomplementingarablelandresourcesaccordingtolocalconditions;tureandforgraduallyrealizingthemaximumefficiencybyutilizingthelandforfarming,sGovernmentonAdvancingtheOverallDevelopmentandUtilizationofHillocksandGentleSlopesdemonstratesthat"theoveralldevelopmentandutilizationofhillocksandgentleslopesisamainwayforrealizingtheequilibriumbetweenoccupationandsupplementationofarableland,aneffectiveapproachforguaranteeingthereasonablelanddemandineconomicandsocialdevelopmentandanimportantmeasureforfacilitatingtheconstructionofthenewsocialistcountryside".ThusitcanbeseenthatZhejianghadanapparentintentionofdevelopingsomehillocksandgentleslopesintsGovernmentonStrengtheningArableLandProtectionandPromotingtheScientificDevelopmentofUrbanizationobservesthat"effortsshouldbemadetoearnestlychangetheurbanandrurallandusepatterns,tostrictlyprotectarablelandparticularlythefinelandindamareas,topromotetheeconomyandeffectiveutilizationoflandresourcesandtofacilitatethescientificeconomicandsocialdevelopment".ThusitcanbeseenthatYunnansintentionforexploitingandutilizinghillocksandgentleslopeswasinthefirstplacetoprotectthefinearablelandonwhichthepeopleofYunnanrelyforsurvivalwhereasindustrializationandurbanizationwasa"mandatoryoption".

      ByXiangAnbo,EnterpriseResearchInstituteofDRCResearchReportNo72,sMineralResourcesCharacterizedbyaRichAggregateyetaPer-capitaInadequacyBeingvastinterritory,Chinaisabigproducer,,Chinastot,ataper-capitacalculation,Chinasmineralresourcesonlyaccountfor58%oftheworldaverage,edby"ThreeMajoritiesandOneDifficulty",completecategorieswithunsatisfactorystructureandarelativelyconcentrate,,onlysuchmineralresourceswithtraditionaladvantagesastungsten,stibium,rare-earth,graphiteandmagnesite,seetheirper-capitadepositsexceedingtheworldaverage,whilethedepositsofthestrategicmineralresourcesthatareofvitalimportancetothenationaleconomyandthepeopleslivelihood,suchasiron,manganese,chromium,copper,aluminum,goldandsilver,,copperandaluminum,onlycometo1/6,1/6and1/9oftheworldaverage,,ofthe45sortsofkeymineralresources,onlythesupplyof23sortscanbeguaranteed,whilethesupplyof10sortshastobeguaranteedthroughimportsoveraprotractedperiodoftimeand5sortsdependmainlyonimportsasaresultofscarcity;andby2020,onlythesupplyof6sortscanbeguaranteed,sseveremineralconstraintsarereflectedbymorethan10sortsofmineralresources,suchasironore,bauxite,copperore,uranium,sylvite,nickelandmanganeseore,,copper,aluminum,leadandzincareallconstraintmineralsofChina,andcopperandaluminumrestrainChinasumptionofresourcesChinasindustrializationdriveisaprocessofindustria,Chinasuffersmoreres,ChinaisenteringeousconditionstobeusedbyChinatorealizeitsmechanization,electrization,electronizationandinformatizationsynchronically,relatedstudieshavepredictedthatby2020whenChinainitiallyrealizesitsindustrialization,Chinasper-capitaannualconsumptionofmineralresourceswillpossiblybelo,duetoChinaslargepopulation,,Chinawillstillincreaseitsconsumptionofmineralresource,thecoefficientofelastic,inordertoensureadevelopmentfornext20years,Chinawillneedatleast30billiontonsofironore,rs,thegrowthofdepositsofChinasmajormineralresourceshasbeenslowerthantheincreaseofmineralproducts,andtheincreaseofmineralproductsha,%%in2005,andfellduring2006and2008,yetwentupagaintoanall-timehighof62%in2006(withtheactiveandtimelyadjustmentofthedemandmadebyChineseenterprisesaccordingtopriceupsanddownsasareasonablefactor).IntermsoftheperiodofChinasindustrializationandinviewoftheinternationalexperience,foralongperiodoftime,thecontradictionsbetweenthesupplyanddemandofsomemajorandpillarmineralproductsinChinawillstillcontinuetoaggravate,andtheoverallimportdependencewillincreaseertheforeignresourcurcesofironore,bauxiteandcopperore,ChinamainlydependsonAustralia,Brazil,IndiaandSouthAfricaforironore,onAustralia,IndiaandJamaicaforbauxite,andonChile,Mongolia,candtraderelationswiththesecountriesaswellasitsinvestmentinresourceindustriesofthesecountries.澳门群英会官网地址ByHanJun,DevelopmentResearchCenteroftheStateCouncil(DRC)ResearchReportNo52,nChinahad,forlong,practicedadualistsystemforurbanandruralareas,,differentmechanismswereemployedtoprovidepublicservicesforurbanandruralresidentsandtheallocationofpubliccfinance,tovisionofruraleducation,medicalcare,socialsecurity,publicinfrastructureandotherpublicservices,boththe,proposedin1998,edeconomicandatbuildinganewsocialistcountrysidewouldbeamajorhistorictask,ruralcove,var,thesupportbypublicfinanceforruraldevelopmenthasbeenextendedfromtheformerrelativelynarrowagriculturalproductiontotheprovisionofruralpublicservicesandtheconstructionofpublicinfrastructures,andgraduallytoruraleducation,medicalcare,old-ageinsurance,culture,roadconstruction,,governmentsatalllevelandintensity,,comprehensivefreecompulsoryeducationhasbe,Chinabegantoincludeallruralstudents(includingthoseincountiesandtowns)acrossthecountryintothecoverageof"twoexemptionsandonesubsidy",,atotalof150millionruralstudentsreceivingcom,theycanhavefreetextbooksprovidedbythegovernmentandmillionsofpo,thenewruralcooperativem,ithasbasicallycoveredallrura,amin,,theexperimentonanewruralinsurancesystemwascomprehensivelylaunchedin2009toexplorehowtoestablishanewruralinsurancesystemincorporatingpersonalcontribution,,atotalof10,Chinahaslaunchedaprojecttorenovateramshackleruralhousesandprovidedsubsidy,theStateprovidedfiscalsubsidyfor800,,theconstructionofruralwater,electricity,road,naturalgas,Internetand~2010period,atotalof215millionruralpeoplehadgainedaccesstosafedrinkingwater,cts,focusingonthewater-savingtransformationinlargeirrigationareas,thedemonstrationprojectsonwater-savingirrigation,andthekeycouystemWhileChinahasmadegreateffortsandscoredsomeachievementsinequalizingbasicpublicservicesbetweenurbanandruralareasinrecentyears,theurban-ruraldisstillprominent,andthe,thesystemsoneducation,health,cultureandotherpublicservices,,bothsystemadjustmenandrurallooksisstillsharp(1)TheproblemofunsaferuraldrinkingwaterisstillprominentCurrently,therearetwomainprob,about220millionr0arededucted,Chinalanforruralsafedrinkingwaterprojects(2005~2015):thepopulationwhofailedtobeincludedinthenationalplanafterthere-evaluationbytheMinistryofWaterResourcesin2004,thenewlyaddedpopulationarisingfromwatersourcepollutionanddepletion,earthquake,higherstatewaterqualitystandardsandengineeringrelocation,andthenewlyaddedpopulationarisingfromtheexpandedcove,asengineeringconstructionadvances,theeasyprojectshavebeenlargelycompletedandmostoftheremainingpeoplearelivinginareasfarfromwatersources,wherewaterqualityispoor,topographyiscomplex,,mostprovincesandction.

      ByGongSen,ZhangWenkuiChenChangshengResearchReportNo122,2010Ensuringandimprovingpeopleswell-beinginvolvesemploymentpromotion,incomedistribution,education,healthcare,housingguarantee,socialassistanceandsocialinsurance,andtheliableentitiesincludeindividuals,families,employingunits,ermsofeducation,healthcare,housing,,thefirstthreearebasicpublicservi~2015,irst30yearssincereformandopeningup,sassumethattheannualaverageexportgrowthrateis12%orsobetween2010~2015,~%during2010~2015period,thenaccordingtothepreliminarycalculationmadeatconstantpricesof2008,thedeclineoftheexpo~,,,basedonthedifferencesinaddedvalueratesofbothdomesticandforeigndemand,securityandthehouseholdconsumptionratearebothonthelowside,sdomesticdemand,investmenthasgrownhighly,,theimprovem,tofurthertapthelatentpotentialitiesforthegrowthofthxpenditureinclusiveofsocialinsurancefund,theproportionofexpenditureonbasicsocialsecurity(includingeducation,healthcareandhousing)intotalexpenditurespentbythegovernmentsofcountrieswiththeirper-capitaGDPreaching3000~%onanaverage(,,DC.),whilesuchaproportioninChinaregistered38%orsoin2008(figuredoutaccordingtoChinaFinancialYearbook,2009,ChinaSocialInsuranceYearbook,2009andstatisticalbulletinsondevelopmentofsocialundertakings).Comparingthetwopercentages,GDP,,healthcare,housingsecurity,socialassistanceandold-agelife,%(WangShanmai,"GivingPrioritytoDevelopingSocialSecurityRequiresUrgentInput",,January13,2009),2%(WHO,),1%(LiuZhifeng,"DevelopingLow-rentHousingIsaMoveforImprovingtheUrbanHousingSecuritySystem",,May25,2008),%(Weigand,,DC:WorldBank.)%[Asher,:,Robert,etal.(eds.)ClosingtheCoverageGap::WorldBank.]respectively,%,whileproportionsoffivetypesoffinancialexpenditurespentbyChinain2008(figuredoutaccordingtoChinaFinancialYearbook,2009,ChinaSocialInsuranceYearbook,2009andstatisticalbulletinsondevelopmentofsocialundertakings)%,%,%,%and0%respectively,%.ComparingthepercentagesbetweenChinaandtheaforesaidcountries,,,,,rsandthehouseholdconsumptionrate,thehouseholdconsumptionrateoftheEastAsiancountrieswiththeirper-capitaGDPreaching3000USdollarsorsoshouldbearound60%(/WDI.),%,ionofnationalincometoisprimarydistributionofitsnationalincome,theabsoluteincomelevelo,theincomegapbetweenregions,ruralandurbanareas,,someproblemsthatcropupintheprimarydistributionhav,slaborshareisbasicallyinlinewiththe"UCurve"(Inthecourseoftheeconomicdevelopmentinvariouscountries,thechangeoflaborshareinprimarydistributionshowstheUCurve,namely,thelaborsharedeclinesbeforeitrises,,LiuLinlinWangHongling:"UCurveofLaborShareEvolutioninGDP",EconomicResearch,1stIssueof2009)supportedbyinternationalstatistics,andthewideningincomegapbetweenChineseresidentsalsotallieswith"KuznetsCurve"(WangXiaoluFanGang:"AnAnalysisoftheTrendsoftheIncomeGapinChinaandtheInfluencingFactors",EconomicResearch,10thIssueof2005).AccordingtoKuznetsanalysis(Kuznets,,AmericanEconomicReview,)ofthechangingincomegap,asimilarityexistsbetweenChinaandthecountriesofmaturemarketeconomy,namely,industrializationandurbanizationwillinitiallycauseandaggravatethelowratioofthelaborshareinincomedistributionandthegrowingdisparityandwillyetimprovetheincomedistributioninthelongrun.澳门金鼎娱乐场在线

      澳门金鼎娱乐场在线ByBaShusong,ResearchInstituteofFinanceofDRCResearchReportNo17,2013(Total4266)Recently,withbankfinancialproductsbecomingahotspottopicinChina,,thedefinition,connotationandmeaningoftheshadowbankinggivenbytheinternationalfinancialcirclearecloselylinkedwiththeeconomicandfinancialstructures,differentstagesoffinanciald,managingdirectorofPacificInvestmentManagementCompany(PIMCO),,theinternationalf:ScopingtheIssues,aresearchreportpublishedbyFinancialStabilityBoard(FSB)inApril2011,shadowbankingrefersto"asystemofcreditintermediationthatinvolvesentitiesandactivitiesoutsidetheregularbankingsystem,andraisessystemicriskaswellasregulatoryarbitrageconcerns."Factorsfortheshadowbankingtotriggersystemicrisksmainlyinclude:maturitymismatch,liquiditytransformation,arly,thestructuresoftheshadowbankingarevariedduetothevarietyoffinancialstructures,differentdevelopmentstagesoffinancntermediationsystemconductedthroughriskdiversificationandleverageenlargementcenteredonsecuritizationofmoneymarketfundssuchasinvestmentfundsandinvestmentbanks,whereasshadowbankinginEuropemainlyincludespresentfinancialsystemlikethoseholdingadominantpositionihadowbankingfromdifferentperspectivestocorrespondtothepresentChinesefinancialmarket,whichgenerallyincludesfourscopes:thenarrowestscope,whichmakesshadowbankingtoonlyinvolvebankfinancingbusinessandtrustcompanies;thenarrowscope,whichinvolvesbankfinancingbusinessandsuchnon-bankfinancialinstitutionsastrustcompanies,financecompanies,autofinancingcompanies,financialleasingcompaniesandconsumerfinancecompanies;thewidescope,whichinvolvessuchform-basedbusinessasthenarrowscope,inter-bankbusinessandentrustedloans,aswellassuchnon-bankfinancialinstitutionsasfinancingassurancecompanies,petty-loancompaniesandpawnshopsandsoforth;thewidestscope,ttentionandiscurrentlythemostprevalent,namely,thenon-bankfinancialinstitutionssuchasbankfinanropeandtheUnitedStatesBasedonabove-mentioneddefinitionandfeaturedescription,andinlinewiththeperformanceoftheshadowbankingsystemintheinternationalfinancialcrisis,scopingtheshadowbankingshouldmainlyincludethefollowingthreeaspects:First,whethe,shadowbankingintheUnitedStatesandEurope,suchasthehedgefund,hadnotbeenmonitoredtothefulland,propelledbysuchfinancialinnovationsascounterpurchaseandassetsecuritization,suchinstitutionshadconstantlyexpande,whethershadowbankingischaracterizedbymaturitymismatchandhigh-leverageoperation,,theshadowbankingliabilitiesintheUnitedStatesandEuropewerefocusedonshort-termwholesalefinance,suchastheinter-banklendingandcommercialbills,butinvestmentsweremadeinprotractedandpoorlymobileassetssuchasassetsbackedsecurities,,thebalancesheetsofthemajorUSinvestmentbankshadexpandeddrastically,evenwiththeaverageleveragescoringa40-foldincreaseorsoand,duringthecrisis,theferociousde-,whethershadowbankingisofrelevanceandinfectiousness,,theshadowbankingsystemhadcorrelatedwiththecommercialbankingsystembymeansofbusinesscontactandequityinvestmentinEuropeandtheUnitedStates,spreadingthecrisis-incurredrisksquicklyfromtheshadowbankingsystemtothetrad,althoughthedrivingforcebehindtheemergenceoftheshadowbankingsysteminChinaisbasicallyaimedattheregulatoryarbitrageandisalsocharacterizedbyliquiditytransformationandcreditrisks,andalthoughsomeriskcontrollinksshouldbestrengthened,theshadowbankingsystemhasbeenbroughtundertheregularsupervisionsystemonthewholeandisnottypicallycharacterizedbythehighleverageandthematuritymismatchthatmaytriggersystemicrisksand,meanwhile,thesizeofthesaid,,thebankfinancialproductsfallwithinthestatisticalrequirementsenforcednowbysupervisiondepartments,theperformanceofthefinancialproductsissuedbycommercialbanksshouldbesubmittedtosupervisiondepartmentsatregularintervals,andtheparticularsofthefinancialproductsshouldalsobesubmittedtmmercialBankspromulgatedin2005andtheMeasuresonManagementofSalesofFinancialProductsofCommercialBanksimplustcompanies,includingaccessmanagementandcapitalregulation(MeasuresonManagementofNetCapitalofTrustCompanydemandsthatthetrustcompaniesnetcapital-to-riskcapital-ratioshouldsurpass100%).ConstrainedbysuchrulesandregulationsastheMeasuresonManagementofFinanceCompaniesofEnterpriseGroups,theProvisionalMeasuresontheAssessmentofIndicatorsMonitoringRisksofFinanceCompaniesofEnterpriseGroups,theMeasuresfortheImplementationofAdministrativeApprovalsforNon-BankFinancialInstitutions,theMeasuresonManagementofAutoFinancingCompaniesandthePilotMeasuresonManagementofConsumerFinanceCompanies,thesupervisioncompanies,withreferencetotheregulatoryrequirementsovercommercialbanks,havesetupacompletesetofprud,Chinasshadowbankingsystemindependentlyandrelevantinformationshouldbedisclosedfullytomatcheverysumoffundswithcorrespondingassetsandtoenableeachearningstocovertherisksonthewhole(AccordingtoWinddata,theanticipatedannualrateofreturnonbanks%,%,andwithinthesame6-monthperiod,%%respectively;accordingtoSB,anAmerican-fundedsecuritytrader,onlylessthan10%ofthefinancialproductsyieldaninterestratehigherthan5%).Hence,risksoffinancialproductsshouldbebasicallyclosetothoseofsimilarinvestmentproductsiseway,thetimelimitforover90%oftheassetsisgenerallywithin5years,andthedegreeofm,currentlytrustcompaniesinChinashouldnotoperateonborrowingsandcannotgiveloanstobankseither,,thetrustfundsarebeingoperatedinaseal-offway,,highleverageandmaturitymismatcharenotthefeaturesofthetrustfunds....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.

      ChengGuoqiangAgriculturewasoneofthemostdifficultissuesinthenegotiationforChinasentryintotheWorldTradeOrganization(WTO)andoneofthe,theevaluationoftheimpactimposedonChineseagricultureduringthe10yearssinceChinasentryinineseagricultureinthepastdecade,weanalyzedandidentifiedthebasicexperiencegainedfromtheopeningupofChineseagricultureandtheissuescallingforattentionduringtheprocess,andputforththestrategicdirectionandpolicyoptio:Openingup,GrowthandStructuralChangeChinasentryintotheWTOandtheexpandedopening-upofChineseagri,inthepastdecade,Chinahascontinuedtopushforwardtheopening-upofagricultureintermsofscopeanddepth;activelybuiltupthecapacityformakingcoordinateduseofboththedomesticandforeignmarketsandresources;strivedtoimprovetheoverallquality,operationefficiencyandmarketcompetencyofagriculture;andprovidestrongsupportandguaranteeforthenationalfoodsecurity,thesupplyofmajorfarmproducts,thesteadyandrapidgrowthofthenationaleconomy,:ernofagricultureInthepastdecadesinceChinasaccessiontotheWTO,%,lessthanaquarteroftheworldaverageof62%,makingChinaoneofthecountrieswiththelowesttariffsforfarmproductsintheworld1;compliedwiththecommitmentsconcerningtariffquotaadministration,adoptedimportcontrolanddomesticmarketmeasuresonkeyfarmproductssuchasgrainsandcotton,aswellasmeansofagriculturalproductionsuchasfertilizers2;cancelledsubsidiesforfarmproductexpor%.Meanwhile,Chinahasactivelyencouragedtheagriculturalintroductionandtheutilizationofforeigninvestment,andlaunchedprogramsinintegrateddevelopment,processingandcirculationoffarmproductsandtechnologicalRD,whichhaveplayedapositiveroleinpromotingthedevelopmentofmodernagriculture,upgradingthestructureofthefarmproductprocessingindustry,ricultureandtheestablishmentofanopen,fairandreasonableframeworkforinternationalandbilateralagriculturalcooperation;exploredandimplementedthe"goingglobal",includingprivateones,areactiveinoverseasinvestment,andhavelaunchedagriculturaldevelopmentandcooperativeoperationinSoutheastAsia,AfricaandSouthAmerica,formingasustained,stableandr,soa,ChinahaspromotedbilateraltradeliberalizationwithASEANandNewZealand;fullyparticipatedintheDohaRoundnegotiationstofacilitatetheestabli,Chineseagriculturehasbasicallyintegratedintotheinternationaltradesystem,withitsopening-upbeingbroadenedanddeepened,rehensiveproductioncapacityimprovedcontinuouslyInthepasttenyearsaftertheaccessiontotheWTO,Chinahastakenactivemeasurestodealwiththeimpactoffiercemarketcompetition,frequenttradefrictions,theinternationalfinancialcrisisandtheextremelyvolatilemarketoffarmproducts;managedtoaddressthechallengesoftheriseofthecostsofagriculturalproduction,declineofcomparativeinterests,andfrequentnaturaldisasters;,%,1%%from1998to2001beforeChinasaccessiontotheWTO(Table1).Table1ChangeoftheChineseEconomicStructure(%)from1978to2010LiZhijunTheCPCCentralCommitteeandtheStateCouncilhave,basedonthestates863Program,973Program,theProgramfortheStudyandIndustrializationofGeneticallyModifiedPlants,andtheProgramfortheIndustrializationofNewandHighTechnologies,theexecutivemeetingoftheStateCouncildeliberatedandapprovedinprincipletheim,progresshasbeenmadeinthecultureofnewtransgenicvarieties,thecloningofnewgenes,transgenictechnology,bio-safetytechnology,andtheindustrializationofthesetechnologiesthroughcontinuedeffort,theStateCouncilissuedPoliciesforAcceleratingtheDevelopmentofBio-industry,inwhichitsetforwardtheconceptof"acceleratingthebuildingofbio-industryintoapillarhi-techindustryandoneofthestatesstrategicemergingindustries".:"Continuetocarryoutimportanttechnologicalprogramsforcultivatingnewtransgenicvarieties;acceleratethedevelopmentoffunctionalgenesandnewbiologicalvarietieswithhighpracticalvalueandproprietaryintellectualpropertyrights;promotetheindustrializationofnewtransgenicvarietiesonthebasisofscientificevaluationandadministrationaccordingtolaw."Effortsarebeingintensifiedandthelegalsystemrefinedfortheprotectionoftheintellectualproperty(IP)ofChinawing:Article25ofthePatentLaw;afewsectionsintheStateIntellectualPropertyOffices"GuidelinesforExamination";RegulationsonAgriculturalTransgenicBio-safety;theStateCouncilinJune2008andthePoliciesforAcceleratingtheDevelopmentofBio-industrydistributedbytheGeneralOfficeoftheStateCouncil,whichcontainexplicitrulesonreinforcingbio-safetyandIPprotection,,themainproblemsinthisrespectare:imperfectlegislation,whichisdisjointedandonalowlevel;inadequatemacro-coordinationbetweendepartmentsandweaklawenforcement;insufficiantstrategicmoveforboostingagriculturethroughscientificandtechnologicaladvancesTransgenictechnology,whichisessentialtomodernbiotechnology,isknownas"oneofthemajortechnologiesappliedmostrapidlyinhumanhistory".Touseittocultivatehigh-yield,high-quality,multiresistantandefficientnewvarietiescanreducetheinputofpesticidesandfertilizersandisverymeaningfulforeasingtheresourceconstraints,protectingecologicalenvironment,improvingthequalityofproducts,ationoftransgen,enthusiasticallyfollowedbydevelopingcountries,havedesignatedtransgenictechnologyasastrategicfocusforseizingthefuturecommandingpositionofscienceandtec,genomics,andinformationsciencehasspurredtherapidprogressoftransgenic;newgenes,propertiesandproductsareconstantlyemerging;,newtransgenicvarietiesaroundtheworldaretransformingfromfirst-generationproductssuchaspest/herbicide-resistantvarietiestosecond-generationproductswithbetternutritionandhigheryieldsandthird-generationproductssuchasindustrialproducts,medicine,,th,typicallysoybeans,cotton,maizeandrape,(1mu=1/15ha.)esolutiontotheconstraintsoffarmland,waterandotherresources,tonationalfoodsecurity,antstrategygearedtofutureglobalcompetitionandthespecializationofindustries,andavitalapproachtoensuringnationalfoodsecurity;itisalsoamajordevelopmentstrategyforboostingagriculturethroughscientificandtechnologicalaecultivationofnewtransgenicvarieties,trytoseizetheeconomicandtechnologicalcommandingposition,andacceleratethestudyandapplicationoftransgenictechnology,inordertoprovidescientificandtechnologicalsupportforthesustainabledevelopmentofChinaIPoftransgenictechnologyFirst,thedevelopmentoftransgenictechn,transgenictechnologyhasamajorimpactontraditionalIPintermsofthesubjects,objects,tationduringimplementationmakesitdifficultattransgenictechnologycombinesthepartialgenesofmicroorganisms,plants,animals,ande,takingadvantageofloopholesinWTOlegislation,somedevelopedcountriesrestricttransgenicbio-productswithgreenbarriers,fthelackofafinalconclusionaboutthesafetyofgeneticallymodifiedorganisms(GMOs)intheinternationalcommunitya,certainrestrictionso,regardingthedevelopmentoftransgenictechnology,developedcountrieshavepowe,thebiodiversityresourcesindevelopingcountriesareyettobeeffectivelelatedAspectsofIntellectualPropertyRightshasbroughtaboutanunprecedenteddevelopmentandunificationoftheglobalIPregime,buttheglobalgeneticresourcesprotectionsystembuiltaroundtheConventiononBiologicalDiversityhasjustbeenlaunchedandislessenforceablethantheAgreement,hencetheglobalsituationofthes,developedcountriesvoraciouslypreyonandtakecontrolofthegeneticresourcesofdevelopingcountries,developnewvarietiesofcropswithadvancedtechnology,applyforpatentprotection,andgainhugeprofitsbysellingtheresultstodevelopingcountriesaspatentedtechnologiesandfruitsathighprices.澳门金鼎娱乐场在线

      用户评论

      熊金萍

      手动试压泵

      ——AnalysisofEconomicPerformanceintheFirstHalfof2010andProspectsfortheWholeYearDRCTaskForceonAnalysisofEconomicPerformanceInthefirsthalfof2010,,thepriceriseremainedatareasonablelevel,theriskofassetbubblewasreducedandtheeconomicperform,undertheimpactoftheEuropeansovereigndebtcrisis,therecoveryoftheworldeconomyhassloweddownanditislikelythatdomesticinvestmentcoul,inthelatterhalfoftheyear,themacro-controlpolicyshouldbefocusedonenforcingsteadymicro-adjustments,andtheorientationandflexibilityofthepolicyshouldbeenhancedonthebasisofmaintainingthesuccessesachievedinthefirsthalfoftheyearinpreventingthebubbleeconomyandholdingtheinflationinchecktoalleviatecontradictionsandrisksandtograduallyrealizethestabletransitionoftheeconomicpolicyfromacrisis-fightingonetoaconventionalone,soasincethebeginningof2010,withanumberofmacro-controlmeasuresbeingimplemented,thedynamicalstructurefortheeconomicgrowthhasbeenimproved,theriskofassetbubblehasbeenreducedconsiderablyandtheeconomicperformancehasonthewholepresentedapatternof"highgrowthandlowprices".alstageofcombatingthefinancialcrisis,,consumptionturninthepreviousyimulusplan,,thegovernment-ledinvestmentfellgraduallyandthemar,2009,ofthefixedassetinvestment,%,%%fromJanuarythroughMayof2009,%,theexportvalueallregisteredlessthan90billionUSdollarsineachmonth,withthegrowthdecliningbyanaccumulativetotalofmorethan20%.Nevertheless,exportvalu,,%fromayearago,and,positiveresultshavebeenachievedasaresultofthe,suchasautomobiles,homeelectricalappliancesandtourism,theconsumptiondemandhasshownasteadilygrowingmomentum,rketunveiledbytheStateCouncilhaveloomedupgradually,,thedecreaseeanegativeg,adjustmentshavebe%sincethebeginningoftheyearandtheShanghaiandShenzhen300hasdroppedbyanaccumulativetotalof29%.Theevaluationlevelonthestockmarketshasremained,growthofmoneycredithasbeencont,withtheresumptionoftheelasticitymechanismofexchangerates,thepressureofmoneyinputarisingfromfundsoutstandingforforeignexchangehasbeenalleviated,alsobeneficialtosomeextenttocontainingtheformationofthebubbleeconomy.澳门金鼎娱乐场在线ZhangLiqunChina,weshouldno,bytakingthedownturnoftheeconomicgrowthandtheintensifyingpressureofmarketcompetitionastheturningpoint,acceleratetheeconomicrestructuringan,suchastheunstabledemandintherealestatemarket,thedelayoftheprocessofurbanization,obstaclesagainstindustrialrestructuring,unclearpropertyrights,interestsandresponsibilitiesanddefectivefulfillmentofgovernmentduties,ralongperiodoftimeandisaleadingforceforexpandingconsumptionanddomesticdemandAtthepresenttimeandforalongperiodoftimeinthefuture,improvinglivingconditionsoftheChinesepeoplewi,carstockperthousandpersonshadreachedabout52inChina,whila,,(floorspace)inChina,whilethatofJapanandtheUnitedStatesamountedto42squaremeters(in2008)and74squaremeters(in2000),inclusiveofurbanizationprogress,fvitalimportancetoimprovingtheabilitytocombatexternalimpactandstabilizingeconomicgrowthSince2002,theconsumptionupgradingfocusedonhousitalretailsalesofconsumergoodshasexceeded50%.After2009,growthofdomesticdemandhasreliedtoalargee,particularlytheever-improvingcapabilityforthegrowthofconsumptiondemand,eofconsumptiongrowthsincethisyear3,,itispredictedthattheconsumptionwon,uncertaintiesmayincreaseevidentlsedonhousingandtransportationontoatrackofstableandsust(1)Linkinstitutionalbuildingcloselywithpolicyreadjustmentandguidehousingdemandtoastableandsusand,themostimportantistolevyhousingpropertytaxandthecapitalgainstax4,thatis,tolevytaxesonthos,weshouldactivelysupportandreasonablyguidethepurchaseofhomestobeusedastheirownerstrativecontrolovermortgageloanssoastograduallyturntherigidpurchaseofhomestobeusedastheirownersresidencesorforimprovinghomeownershousingconditionsintoaleadingforcebehindtherealestatemarketdemandandtoenhancethestabilityandsustainabilityofthegrowthoftherealestatemarketdemand.(2)ActivelycreateconditionsforentryofcarsintohouseholdsEndeavoringtoentercarsintohouseholdsisonthewholeinli,restrictingdisplacementandexhaustemissionsandlimitinguseofcars,weshouldimproveandstabilizepoliciestowardhouseholdcaruseasurbanizationUrbanizationprovidesthewidestspaceforsupportingChina,byOctober2010,Chinasurbanpopulation(permanentresidentpopulation)hadtotaled667million,%.InternationalcomparisonssuggestthatChina,whatmeritsattentionisthat,accordingtohouseholdregisters,Chinasnon-agriculturalpopulationreached450millionin2009,meaning,wewillgiveurbanhouseholdregisterstoabout500millionregister-freeurbanandruralpopulationsinChina,in31yearsfrom1978to2009,thenumberofpeo,weshouldbynomeansunderestimateChinasfutureurbani,governmentpublicserviceandlong-termplanforurbandevelopmentarethreebottleneckissuesrestrictingurbanizationprocess(1)AcceleratethereformofhouseholdregistrationsystemPilotpracticehasbe,themainproblemsexistintheopennessofthepublicwelfareandemploymentchancesthatarecloselylinkedwiththehouseholdregister,formofthehouseholdregistrationsystem.(2)EmphasisshouldbelaidonprovincialcapitalsandmunicipalitieswithindependentplanningstatustoexpeditetheenhancementofurbangovernmentsabilitytoofferpublicservicesToopenupurbanhouseholdregistration,wemustexpeditetheenhancementofurbangovernmentsonsystemtogetherwiththeacceleratedenhancementofgovernments,province-levelmunicipalities,provincialcapitalsandmunicipalitieswithindependentplanningstatus(%%ofallcities)accommodated32%formofthehouseholdregistrationsystemaswellasconstructionofgovernmentsutregistersinthesecities,wecouldexpeditetheenhancementofthepublicservicecapabilities,onthisbasis,integrateandstandardizethecontofthepublicservicesystemaccordingtourbanpopulationgrowthafterthehouseholdregistrationlimitationhasbeenloosenedsoastomatchtheimprovementoftheurbangovernmentpublicservicecapabilitiestotheneedforpopulationtransfertourbanareasandtoguaranteethegradualoverallopennessoftheurbanhouseholdregistrationsystem.

    1. <em id="LqJ"></em>
    2. <th id="LqJ"></th>

      澳门金鼎娱乐场在线 | Sitemap

      澳门阳城亚洲版官网 澳门大阳城在线登录 大红鹰体育ios下载苹果 红9体育下注 澳门和记指定入口
      澳门永乐体育网址 澳门塞班岛苹果下载 亚洲城888体育ios下载全站 澳门永利app安卓 澳门星际足球网站