CEW Editorial

P03| The New Area of Shanghai Free Trade Zone has officially set sail

Cover Story

P14| Hong Kong's economy is in danger

Hong Kong is facing the most serious situation since its return. The most urgent and overwhelming task at present is to stop riots, restore order, jointly protect our homeland and prevent Hong Kong from sliding into the abyss of decline.

This is the clear statement of the Central Committee on the Hong Kong issue.

In June, Hong Kong's exports fell to HK$309.6 billion, down 9% from the previous year, the worst performance since 2016, while Hong Kong's imports also fell by 7.5%. In June, the value of total retail sales in Hong Kong plunged by 6.7%. 

In fact, the shortcomings of Hong Kong's economy have already emerged, and the riots have exacerbated the rate at which Hong Kong's economy is sliding into recession.

Since this year, Hong Kong's GDP growth in the first and second quarters has been only 0.6%, the lowest in the past decade. The adjacent Shenzhen and Guangzhou not only have surpassed and are catching up with GDP, but also left them far behind in the first half of this year at the growth rates of 7.4% and 7.1% respectively. The Macao SAR, which is one country, two systems, has always been neglected by Hong Kong, but its per capita GDP has increased from $15,505 before the handover to $82,600 per capita, ranking second in the world.

The only certainty is that Hong Kong's greatest long-term advantage remains its national advantage.

Special Report

P24| Interview with Guan Tao, former director of the Balance of Payments Department of the State Administration of Foreign Exchange

P27| The "Exchange of Experiences in Overcoming Poverty and Attacking Strong Poverty in the Old Revolutionary Areas of China" was held in Beijing

P32| Hu Huaibang, former chairman of the National Development Bank, fell out of business

P38| Huang Qifan's oral description: The birth of Shanghai Diamond Exchange

China Creattion in 70 Years

P34| Big aircraft: The Chinese dream of a generation of aviators

Pictures

P44| Pangu Grand View "Dragon Head" Taobao judicial auction

Macro&Policy

P48| What's the meaning of the central government's reintroduction of housing without stir-frying?

P51| Does the renminbi need to worry about breaking 7?

P53| 60% of the target of 2 trillion tax cuts and fee cuts

Finance&Capital

P55| Market value has shrunk by 90%. Is Sohu worth more than Sohu Tower?

P57| Ali improved express industry: Spending ten billions on Shentong

P59| The death of the "Share King" in GEM

P61| Business secrets of former directors of finance office

P63| The shock wave of the Ruihua Event

P65| Zhongzhi is a white knight again?

P67| Rich woman He Qiao-nu's "Rescue Story"

Industry&Company

P73| Will house prices rise when land prices rise in first, second and third tier cities?

P76| Longhu real estate holds a set of land: joint live broadcasting platform conspiracy "directional transfer" land?

P80| Can't Lifan professional manager team?

P82| Xiao Hong Shu wants "Huang"?

P84| Can Muji continue its "middle-class myth"?

Region&City 

P88| Investigation on pollution of dead livestock and poultry treatment center in Youxian County, Hunan Province

P92| Is it safe to vaccinate against HPV in Hong Kong?

P96| How can Henan Province, a major grain-producing province, keep its "Central Plains Granary"?

P99| Ningdu power supply: Escorting "One Village, One Product"

International

P100| Chinese students crashed at American airlines school. Is it just unfortunate?

Opinions  

P102| Don't take exchange rate too seriously

Column

P103| Looking at the difference between American and European economy and monetary dispute through stock market

P106| You have Han Shangyan this summer. I have crayfish

Reading

P108| The book on Ren Zhengfei's desk: How Chinese enterprises avoid the "American Trap"