An article by Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on following the path of financial development with Chinese characteristics and boosting China's strength in finance was published on Sunday.
The article by Xi, also Chinese president and chairman of the Central Military Commission, was published in this year's third issue of the Qiushi Journal, a flagship magazine of the CPC Central Committee.
China's financial development with Chinese characteristics not only follows the path of the development of modern finance, but also has distinctive features that suit China's national conditions, which is different from the Western financial development model, according to the article.
It notes that a financially robust country should be based on a strong economic foundation, possessing world-leading economic, scientific, technological and overall national strength.
The country should also have a series of key core financial elements, such as a strong currency and central bank, robust financial institutions and international financial centers, solid financial supervision, and a high-caliber team of financial talent, the article says.
To strengthen China's financial capabilities, it is essential to accelerate the building of a modern financial system with Chinese characteristics, the article says. It urges efforts to establish and improve a scientific and prudent financial regulation system, a reasonably structured financial market system, a financial institution system with division of tasks and collaboration, a complete and effective financial oversight system, a diversified and professional financial goods and services system, and an independent, controllable, safe and efficient financial infrastructure system.
Xi's article on boosting China's financial strength published
Xi's article on boosting China's financial strength published
International cruise ships brought more than 8,000 tourists to Shanghai over the past weekend, underscoring the growing momentum of the city's tourism market.
Last Saturday, two cruise ships, the Spectrum of the Seas and Mein Schiff 6, arrived in Shanghai with nearly 6,000 tourists, setting a new single day record for daily inbound arrivals at the city's Wusongkou International Cruise Terminal.
Two more ships, the MSC Magnifica and Adora Magic City, arrived the next day, docking alongside Mein Schiff 6. For the first time this year, the terminal received three cruise ships docked simultaneously.
Impressed by China's customs services, tourists shared their feelings after landing.
"The service is very good, very fast. Everything is very quick," said a tourist.
"We're going to Disneyland. It's a cool trip," another tourist expressed her expectations.
During the two-day period, Shanghai port handled more than 20,000 passenger entries and exits, more than half of which were made by international travelers. Over 90 percent of them are benefiting from the visa-free policies.
"[I traveled from] Chengdu to here. I'm here to Beijing and Beijing to the UK," a tourist talked about his schedule, whose destinations in China all covered in the visa-free policies.
"Very good, excellent policy, and anything that reduces the amount of time. We had a week in ten days in China already, then we're gonna come back into the city to do some shopping," another senior visitor said.
Authorities have also introduced measures to improve the visa process.
"To ensure a smooth entry, officials will get on the ships in advance to perform inspections. So, passengers can start their trips as soon as they disembark. While at the airports, we have also provided an online submission system for arrival cards. That will also save their time," said Zhu Xiaoxiang, Deputy Director of Immigration Inspection Division under Shanghai General Station of Immigration Inspection.
So far this year, Shanghai's customs and immigration agents have processed more than ten million visitors, with 305,000 international passenger trips through cruise terminals, marking a prosperous tourism market.
Over 8,000 cruise passengers touch down in Shanghai, providing major tourism boost
