红古| 桐梓| 青浦| 长春| 睢县| 定安| 马尔康| 绿春| 汶上| 忻州| 镇雄| 左贡| 马关| 澎湖| 纳溪| 临沧| 洪雅| 昭通| 头屯河| 忻城| 平凉| 东光| 顺平| 赫章| 同仁| 宾阳| 柳江| 芜湖市| 柳城| 松溪| 武都| 永仁| 德格| 鹤峰| 即墨| 和龙| 扎鲁特旗| 和布克塞尔| 襄垣| 新巴尔虎左旗| 扶沟| 元江| 缙云| 保靖| 南陵| 扶沟| 峡江| 富顺| 三河| 邹平| 荣昌| 西乌珠穆沁旗| 饶河| 余干| 谷城| 泗县| 仁寿| 南乐| 平顶山| 西盟| 三都| 漠河| 景县| 福清| 昌江| 台前| 绛县| 镇江| 沛县| 南城| 德庆| 台中县| 留坝| 嵩县| 佛冈| 金秀| 宁都| 泉州| 邵阳县| 定日| 岱岳| 桂东| 衡水| 都兰| 防城港| 湖南| 工布江达| 九江市| 罗源| 汉阴| 黟县| 滦平| 元坝| 上高| 湟源| 松溪| 宝鸡| 唐山| 广灵| 利川| 松原| 楚州| 丰宁| 吉首| 灵台| 全州| 隆回| 佳县| 荆州| 平定| 陵水| 德令哈| 黄埔| 广宁| 泽库| 青海| 谷城| 延安| 虎林| 睢宁| 岑巩| 尼勒克| 龙岗| 肃北| 潼南| 札达| 丹阳| 江陵| 陆河| 平乐| 聂荣| 平远| 湄潭| 黄岩| 贺州| 法库| 长海| 彰武| 景东| 寻甸| 类乌齐| 获嘉| 伊金霍洛旗| 周口| 和布克塞尔| 青州| 博罗| 巩义| 江津| 清河门| 大荔| 阜新市| 开封市| 平度| 路桥| 涟水| 衡东| 西盟| 磐石| 黑河| 乐清| 天长| 江城| 宝丰| 太白| 济宁| 上甘岭| 来安| 隰县| 大龙山镇| 同仁| 澄海| 南昌县| 寻乌| 成都| 江西| 罗城| 聊城| 南靖| 平邑| 民丰| 花都| 周至| 乌兰| 兰溪| 丰顺| 兴县| 屏东| 竹山| 南县| 盐田| 海原| 循化| 磁县| 凭祥| 延安| 都安| 隆林| 双城| 沙圪堵| 长白山| 丰县| 高县| 贡嘎| 兴平| 新建| 疏勒| 浦江| 柯坪| 子洲| 本溪市| 旬阳| 绵阳| 宾川| 金平| 原阳| 临川| 祥云| 桂阳| 铁岭市| 宜章| 福山| 行唐| 宾县| 广西| 井陉矿| 台南市| 温宿| 上犹| 青白江| 曲靖| 龙江| 大安| 徐闻| 滦县| 新和| 龙湾| 阿荣旗| 夷陵| 海林| 玉田| 廉江| 萧县| 璧山| 长岭| 达拉特旗| 眉山| 太谷| 通化市| 明溪| 乳源| 宁波| 禄劝| 清原| 宁陵| 丁青| 天池| 千阳| 象州| 长白山| 新宾| 阆中| 泾县|

巧吃香蕉:这样吃,一周瘦8斤!小伙伴们都惊呆了~

2019-10-16 08:15 来源:今视网

  巧吃香蕉:这样吃,一周瘦8斤!小伙伴们都惊呆了~

  AerialphototakenonJune1,2018showstheQingdaoJiaozhouBayBridgeinQingdao,eastChinauangdaodistrict.(Xinhua/GuoXulei)AerialphototakenonJune1,2018showstheQingdaoJiaozhouBayBridgeinQingdao,eastChinauangdaodistrict.(Xinhua/GuoXulei)AerialphototakenonJune1,2018showstheQingdaoJiaozhouBayBridgeinQingdao,eastChinauangdaodistrict.(Xinhua/GuoXulei)AerialphototakenonJune1,2018showstheQingdaoJiaozhouBayBridgeinQingdao,eastChinauangdaodistrict.(Xinhua/GuoXulei)AerialphototakenonJune1,2018showstheQingdaoJiaozhouBayBridgeinQingdao,eastChinauangdaodistrict.(Xinhua/GuoXulei)ChinesePresidentXiJinping(C)andotherleadersattendingthe18thShanghaiCooperationOrganization(SCO)summitposeforagroupphotoaheadofabanquetinQingdao,eastChinasShandongProvince,June9,2018.(Xinhua/DingLin)ChinesePresidentXiJinpingaddressesabanquetheldforguestsattendingthe18thShanghaiCooperationOrganization(SCO)summitinQingdao,eastChinasShandongProvince,June9,2018.(Xinhua/XieHuanchi)ChinesePresidentXiJinping(C,front)andguestsattendingthe18thShanghaiCooperationOrganization(SCO)summitheadforabanquetinQingdao,eastChinasShandongProvince,June9,2018.(Xinhua/LiXueren)

TheSoyuzMS-09spacecra,AlexanderGerstofGermanyandcosmonautSergeyProkopyevofRussiablastsofftotheInternationalSpaceStation(ISS)fromthelaunchpadattheBaikonurCosmodrome,Kazakhstan,June6,2018.(Photo/Agencies)TheSoyuzMS-09spacecra,AlexanderGerstofGermanyandcosmonautSergeyProkopyevofRussiablastsofftotheInternationalSpaceStation(ISS)fromthelaunchpadattheBaikonurCosmodrome,Kazakhstan,June6,2018.(Photo/Agencies)TheSoyuzMS-09spacecra,AlexanderGerstofGermanyandcosmonautSergeyProkopyevofRussiablastsofftotheInternationalSpaceStation(ISS)fromthelaunchpadattheBaikonurCosmodrome,Kazakhstan,June6,2018.(Photo/Agencies)TheSoyuzMS-09spacecra,AlexanderGerstofGermanyandcosmonautSergeyProkopyevofRussiablastsofftotheInternationalSpaceStation(ISS)fromthelaunchpadattheBaikonurCosmodrome,Kazakhstan,June6,2018.(Photo/Agencies)TouristsdressedinKoreanethnicgarbposeinfrontoftheYaluRiverinDandong,Liaoningprovince,onMay1.(YUHAIYANG/FORCHINADAILY)KimJong-unsvisitreaffirmedDPRKslong-standingfriendshipwithChinaOnMarch25,ZhouLinqingrodethetrainfromDandong,Liaoningprovince,toPyongyang,capitaloftheDemocraticPeople,whichisclearlyvisibleacrosstheYaluRiver,,whichtakesaboutsevenhours,isusuallysmoothanduntroubled,butonthisoccasionZhouoralongtimebeforemovingon,,helearnedthatthetrainhadbeenstoppedtomakewayforaspecialtraincarryingKimJong-un,whowasheadingtoBeijingfortalkswithPresidentXiJinpingaspartoftheDPRKtopleader,havingarrivedinSingaporeon,Liaoningprovince,onMay1.(YUHAIYANG/FORCHINADAILY)BackinPyongyang,ZhouandhisbusinesspartnersfromtheDPRKwatchedalengthyTVnewsreportaboutKimshistoricmeetingwithXi,includingfootageofahandshakebetweenthesmilingleadersthatquicklywentviralonsocialmedia."IcloselymonitortheinternationalsituationregardingtheDPRKbecausechangescaninstantlyanddirectlyaffectcross-bordertrade,,"the54-year-oldsaid."Dontgetmewrong-eenXiandKimwasdefinitelyworthcelebrating,re,"hesaid,,ZhouglancedatabusinesswomanfromtheDPRKwhowastalkingtooneofhisemployeesaboutplacingordersforawiderangeofitems."Itseemslikesheneedseverything,"omersinDandong,Liaoningprovince,onMay1.(YUHAIYANG/FORCHINADAILY)GaoliStreetisoneofthemostpopularplacesinDandongfosdesk,smallChineseandDPRKnationaldeskflagsflankacollectionofbooksaboutKimIl-sung,theDPRKsfounderwhowasKimJongun,,whicharewritteninChinese,carefullytogleanhintsthatwouldhelphimdecodethemindsetofthecountry-destinationwithplentyofbusinesspotential."Peopleareusuallymystified,buttheydon,itisuniqueinmanyways,suchasitspoliticalsystemandthewaybusinessesarerun,butaslongasyoureallyunderstandhowthingsworkthere,itsjustbusinessasusual,"saidZhou,,Liaoningprovince,whichsellsgoodsfromtheDemocraticPeoplesbusinesshasdeclinedasaresultofsanctionsimposedontheDPRKbytheUNlastyear.(YANGQING/XINHUA)SanctionsbiteInAugustandSeptember,theUNSecurityCouncilimposedtwosetsofsanctionsontheDPRK,,iron,leadandseafood,,Ksminingsector,Zhouhasbeenaffected."tions,",threemonthsafterthesanctionswereimposed,thetradevolumebetweenChinaandtheDPRKwas$310million,ayear-on-yeardeclineof50percent,auseitseconomyisheavilyinfluencedbytheinternationalsi,,2015,thedayitopenedforbusiness.(PANYULONG/XINHUA)ThegoodnewsforZhouisthatDPRKresidentsrelyheavilyonsmallbusinessestoprovidethemwithallkindsofgoods,butthecountrysunstableelectricitysupplymeansnonelectricalitemsareespeciallypopular."Thefactisthatdemandisrisingandunstoppable,",roadandriverroutesdirectlyconnectedwithSinuiju,acityintheDPRKclosetotheborder,morethan70percentofChinastradewiththecountrypassesthroughDandong,heinternationalsituationinvolvingtheDPRK,and,moreimportant,,whichopenedin1943andconnectsDandongandSinuiju,hasfallensharplysinceChinaimplementedtheUNsanctions,accordingtoZhang,aveterancross-borderbusinessmanwhodeclinedtogivehisfullname."ForpeopleinDandong,themostobviouschangesarethattherearenoyoungwomenfromtheDPRKservingatjointventurerestaurantsthatarefamousforauthenticDPRKcuisine,andseafoodfromtheDPRKisnolongeravailableondinnertables,"(FREDDUFOUR/FORCHINADAILY)SpeculationZhangaddedthatlocalpeoplehavenotreactedtospeculationinsomepartsofChinathatDandongcouldbeafutureShenzhen-thecityinGuangdongprovincethatwasthecountryelopmentduringameetingintheDPRKonApril20."e,andthestatusofthenewbridgeacrosstherivertheywontbelieveeverythingtheyreadabouttheDPRK,"hesaid,(WENSHAN/FORCHINADAILY)BridgingthegapToboostcross-bordertrade,constructionofanewcrossing,officiallycalledtheNewChina-DPRKFriendshipBridge,,thenewbridge-about12kmdownstreamfromtheold940-meter-longconstruction-hasntbeenputintousebecauseconstructionofaroadtoconnectitwithSinuijuhasntstartedyet."Atthemoment,thenewbridgeonlyfunctionsasaholderforneonlights;istalkabouttheopening-upoftheDPRK;whenwilltrucksbeabletousethisexpensivebridge"Zhangsaid."SomeofmyfriendsbelievethehypeandhaveevenaskedmehowtheycanbuypropertyinSinuiju-theyaredeadlyserious."AftertheUNimposedthelatestsanctions,YaoXing,28,amemberoftheyoungergenerationofcross-borderbusinesspeopleinDandong,shiftedhisfocusfromimportingdieseltotakingtouriststotheDPRK."WeveseenarisingnumberofyoungChineseshowinganinterestinvisitingthecountrybecausetheyhavehe,businessisbooming,",Yaoatingthecountryisnotasdifficultastheyhadassumedandthatitcouldbefuntotakeatrip."Therisingdemandmeanswehaveto,manypeopleviewtheonce-a-dayinternationaltraintotheDPRKasanattractioninitsownright,althoughthe220-kilometerjourneycantakeuptosevenhoursbecauseofsecuritychecks,",thebusinessman,saidthatgiventhesanctionsimposedovertheyears,"Ofcourse,likeeveryoneelseinDandong,Iwillcloselyfollowthemeetingbetween,IalsowanttoseetheUNtakeitshandsoffthesanctionsbutton,whichwouldhaveanimmediate,beneficialeffectonmybusiness,"hesaid.

  PeopleattendtheofficialopeningceremonyoftheFIFAFanFestinMoscow,Russia,onJune10,2018,(Photo:ChinaNewsService/WangXiujun)PeopleattendtheofficialopeningceremonyoftheFIFAFanFestinMoscow,Russia,onJune10,2018,(Photo:ChinaNewsService/WangXiujun)PeopleattendtheofficialopeningceremonyoftheFIFAFanFestinMoscow,Russia,onJune10,2018,(Photo:ChinaNewsService/WangXiujun)PeopleattendtheofficialopeningceremonyoftheFIFAFanFestinMoscow,Russia,onJune10,2018,(Photo:ChinaNewsService/WangXiujun)PeopleattendtheofficialopeningceremonyoftheFIFAFanFestinMoscow,Russia,onJune10,2018,(Photo:ChinaNewsService/WangXiujun)PeopleattendtheofficialopeningceremonyoftheFIFAFanFestinMoscow,Russia,onJune10,2018,(Photo:ChinaNewsService/WangXiujun)VolunteersworkatthepresscenteroftheShanghaiCooperationOrganizationQingdaoSummitinQingdaoCity,EastChina’sShandongProvince,June7,alistsfromhomeandabroadatthepresscenter.(Photo/VCG)VolunteersworkatthepresscenteroftheShanghaiCooperationOrganizationQingdaoSummitinQingdaoCity,EastChina’sShandongProvince,June7,alistsfromhomeandabroadatthepresscenter.(Photo/VCG)VolunteersworkatthepresscenteroftheShanghaiCooperationOrganizationQingdaoSummitinQingdaoCity,EastChina’sShandongProvince,June7,alistsfromhomeandabroadatthepresscenter.(Photo/VCG)VolunteersworkatthepresscenteroftheShanghaiCooperationOrganizationQingdaoSummitinQingdaoCity,EastChina’sShandongProvince,June7,alistsfromhomeandabroadatthepresscenter.(Photo/VCG)VolunteersworkatthepresscenteroftheShanghaiCooperationOrganizationQingdaoSummitinQingdaoCity,EastChina’sShandongProvince,June7,alistsfromhomeandabroadatthepresscenter.(Photo/VCG)

  AmancarrieshiswifewhileracingintheWifeCarryingcompetitiontomarktheCityDayinKrasnoyarsk,Russia,June10,2018.(Photo/Agencies)MencarrytheirwivesoveranobstaclewhileracingintheWifeCarryingcompetitiontomarktheCityDayinKrasnoyarsk,Russia,June10,2018.(Photo/Agencies)MencarrytheirwivesoverawaterobstaclewhileracingintheWifeCarryingcompetitiontomarktheCityDayinKrasnoyarsk,Russia,June10,2018.(Photo/Agencies)MencarrytheirwivesoverawaterobstaclewhileracingintheWifeCarryingcompetitiontomarktheCityDayinKrasnoyarsk,Russia,June10,2018.(Photo/Agencies)AmancarrieshiswifewhileracingintheWifeCarryingcompetitiontomarktheCityDayinKrasnoyarsk,Russia,June10,2018.(Photo/Agencies)sMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)TherequirementoftheroyalsletBeijingembroideryblossomintheMingandQingdynasties(1368-1911)sinceitwasbornintheTangDynasty(618-907).Anditgotanothername,royalembroidery,inancientChina,Beijingembroiderywasfollowedbymanycommonworkshops,becomingoneofthe"EightWondersofYanjing",sMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)TherequirementoftheroyalsletBeijingembroideryblossomintheMingandQingdynasties(1368-1911)sinceitwasbornintheTangDynasty(618-907).Anditgotanothername,royalembroidery,inancientChina,Beijingembroiderywasfollowedbymanycommonworkshops,becomingoneofthe"EightWondersofYanjing",sMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)Comparedtoothertraditionalembroideries,suchastheworksfromSuzhouandHunan,Beijingembroideryisknownforitsrichhuedcolors,,,thecraftswerelistedasanationalintangibleculturalheritage,,sMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)Thefounder,YuDan,broughtherworks,aseriesoffineclothesdazzlingwithBeijingembroiderytoashowatthePrinceKung,fromtoddlerstoyoungwomentoagedcouples,sdailylifeinformsofmoderndesign,sMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)Thedesigneraddedlighthuesintheseries,includingpaleblueandlightpink,tomaketheclothesmoresuitablefordailywear."Basedonthetraditionalcrafts,wealsocreatesomenewpatterns,,lilyflowerwasnotincluded,butnowweuseitonmanyofourclothes,",sMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)"Theseclientsdontthinktheyhaveenoughconfidencetowearsuchclotheswithpowerfulanimalpattern,",YuestabsMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)sMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)sMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)sMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)

TheSoyuzMS-09spacecra,AlexanderGerstofGermanyandcosmonautSergeyProkopyevofRussiablastsofftotheInternationalSpaceStation(ISS)fromthelaunchpadattheBaikonurCosmodrome,Kazakhstan,June6,2018.(Photo/Agencies)TheSoyuzMS-09spacecra,AlexanderGerstofGermanyandcosmonautSergeyProkopyevofRussiablastsofftotheInternationalSpaceStation(ISS)fromthelaunchpadattheBaikonurCosmodrome,Kazakhstan,June6,2018.(Photo/Agencies)TheSoyuzMS-09spacecra,AlexanderGerstofGermanyandcosmonautSergeyProkopyevofRussiablastsofftotheInternationalSpaceStation(ISS)fromthelaunchpadattheBaikonurCosmodrome,Kazakhstan,June6,2018.(Photo/Agencies)TheSoyuzMS-09spacecra,AlexanderGerstofGermanyandcosmonautSergeyProkopyevofRussiablastsofftotheInternationalSpaceStation(ISS)fromthelaunchpadattheBaikonurCosmodrome,Kazakhstan,June6,2018.(Photo/Agencies)

  AstaffmemberrepairsaculturalrelicatarestorationhospitalinthePalaceMuseuminBeijing,June9,sCulturalandNaturalHeritageDay,thefirstbatchof40peoplewatcheddoctorsrepairingpiecesfromsomeofthemuseumscollections,includingpiecesofcalligraphy,paintings,bronzewareandclocks,,,000squaremetersandhasthenationsmost-advancedrestorationstudios.(Photo:ChinaNewsService/LiuGuanguan)ShanJixiang(C),thecuratorofthePalaceMuseum,poseswithvolunteersattheopeningofitsrestorationhospitaltothepublicinBeijing,June9,sCulturalandNaturalHeritageDay,thefirstbatchof40peoplewatcheddoctorsrepairingpiecesfromsomeofthemuseumscollections,includingpiecesofcalligraphy,paintings,bronzewareandclocks,,,000squaremetersandhasthenationsmost-advancedrestorationstudios.(Photo:ChinaNewsService/LiuGuanguan)StaffmembersrepairculturalrelicsatarestorationhospitalinthePalaceMuseuminBeijing,June9,sCulturalandNaturalHeritageDay,thefirstbatchof40peoplewatcheddoctorsrepairingpiecesfromsomeofthemuseumscollections,includingpiecesofcalligraphy,paintings,bronzewareandclocks,,,000squaremetersandhasthenationsmost-advancedrestorationstudios.(Photo:ChinaNewsService/LiuGuanguan)AvolunteertalkstovisitorsaboutculturalrelicsrestorationatahospitalinthePalaceMuseuminBeijing,June9,sCulturalandNaturalHeritageDay,thefirstbatchof40peoplewatcheddoctorsrepairingpiecesfromsomeofthemuseumscollections,includingpiecesofcalligraphy,paintings,bronzewareandclocks,,,000squaremetersandhasthenationsmost-advancedrestorationstudios.(Photo:ChinaNewsService/LiuGuanguan)AstaffmemberrepairsaculturalrelicatarestorationhospitalinthePalaceMuseuminBeijing,June9,sCulturalandNaturalHeritageDay,thefirstbatchof40peoplewatcheddoctorsrepairingpiecesfromsomeofthemuseumscollections,includingpiecesofcalligraphy,paintings,bronzewareandclocks,,,000squaremetersandhasthenationsmost-advancedrestorationstudios.(Photo:ChinaNewsService/LiuGuanguan)ShanJixiang,thecuratorofthePalaceMuseum,meetswithvisitorstoarestorationhospitalinthePalaceMuseuminBeijing,June9,sCulturalandNaturalHeritageDay,thefirstbatchof40peoplewatcheddoctorsrepairingpiecesfromsomeofthemuseumscollections,includingpiecesofcalligraphy,paintings,bronzewareandclocks,,,000squaremetersandhasthenationsmost-advancedrestorationstudios.(Photo:ChinaNewsService/LiuGuanguan)ShanJixiang,thecuratorofthePalaceMuseum,meetswithvisitorstoarestorationhospitalinthePalaceMuseuminBeijing,June9,sCulturalandNaturalHeritageDay,thefirstbatchof40peoplewatcheddoctorsrepairingpiecesfromsomeofthemuseumscollections,includingpiecesofcalligraphy,paintings,bronzewareandclocks,,,000squaremetersandhasthenationsmost-advancedrestorationstudios.(Photo:ChinaNewsService/LiuGuanguan)

  BrewerBudweisersBrianPerkinsscoreswithtailor-madestrategyfortheboomingChinamarketBrianPerkins,globalvice-presidentforBudweiserbeerbrandatbrewerAnheuser-BuschInBev,isunlikecommonfolkwholivenuptheirsummerswithrooftopbarbecueswithbeer,,instead,prefers,thissummerissignificantbecauseit-thesoccerWorldCup-,Budweiserhasbeenapa-organizinggroundactivities,launchingthecompanysnewpromotionalcampaign,arrangingthesaleschannelsinkeyglobalmarketsincludingChina,theUnitedStates,theUnitedKingdomandBrazil,andmuchmore-,aSouthAfricannationalandanalumnusofCambridgeUniversityandHarvardBusinessSchool,,"RedLightcups"inover300foodstreets,6,000karaokesingingclubsandbars,10,000hypermarketbranches,30,000restaurantsand170,ongoingconsumptionupgrade,hesaid."Theinerproductstoday,",theLeuven,Belgium-headquarteredparentofB,theparentofBudweiserbeerbrand,$"E-commerceisimportanttoourbusiness,especiallyasyoungChineseconsumersagedbetween18and30havealreadychangedtheirshoppinghabitsfromofflinetoonline,"saidPerkins,who,heisspearheadingBudweisersexpansionintoothersaleschannelssuchasrestaurants,off-tradeconsumptionspotssuchasnightclubsandkaraokesingingclubs."Chinaisoneofthemostimportantmarketsintheworldforus,"hesaid.",,Shanghaiisonemar"HedoesthatbytravelingacrossChinaquiteoften."ItraveltoChinaprobablyfourtimesayearandImveryclosetoChinesecolleaguesandactuallytheyvebecomepersonalfriends,"hesaidinMay."Imveryexcited.""TheChinamarketwastraditionallydominatedbylow-pricedbeer,butrecentyearshaveseenrapidgrowthinmoreexpensiveinternationalbrandsandadeclineincheapdomesticbrands,"saidZhaoShiyuan,swesternandnortheasternregionswhereeconomicdevelopmenthasspawnedhigherincomes,betterqualityoflife,lifestyleaspirations,allofwhichareresultingin,orarelikelytoleadto,,PerkinssaidhewillbeinMoscowearlytomakesureBudweisersbrandactivationisperfect-afterall,itisanopportunityto"bringpeopletogether"."WellhaveaBudweiserboatwithabigscreenthatwillgoupanddowntheMoscowriver,llhavespecialpromotionsatthecityllalsohaveaBudweiserhotel."Despitehistightschedule,,,sinvestmentinsoccerissaidtobe"thebiggest",withouthavingtodown10to15Budweiserbeersduringatensegame.AdogincostumeplayswithaballduringacontestwiththethemeofFIFAWorldCupinLima,Peru,onJune10,2018.(Xinhua/LuisCamacho)AwomaninteractswithherdogduringacontestwiththethemeofFIFAWorldCupinLima,Peru,onJune10,2018.(Xinhua/LuisCamacho)AwomaninteractswithherdogduringacontestwiththethemeofFIFAWorldCupinLima,Peru,onJune10,2018.(Xinhua/LuisCamacho)DogsincostumeareseenduringacontestwiththethemeofFIFAWorldCupinLima,Peru,onJune10,2018.(Xinhua/LuisCamacho)

  AnaerialviewofacolorfulsaltlakeinYuncheng,ShanxiProvince,June6,,thesaltlake,knownasChinas"DeadSea",displaysdifferentcolorsasaresultofmicroorganismsinthewater.(Photo/IC)AnaerialviewofacolorfulsaltlakeinYuncheng,ShanxiProvince,June6,,thesaltlake,knownasChinas"DeadSea",displaysdifferentcolorsasaresultofmicroorganismsinthewater.(Photo/IC)AnaerialviewofacolorfulsaltlakeinYuncheng,ShanxiProvince,June6,,thesaltlake,knownasChinas"DeadSea",displaysdifferentcolorsasaresultofmicroorganismsinthewater.(Photo/IC)

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  BrocadepaintingTheDrunkenBeautydisplayedattheParisChinaCulturalCenteronJune5,2018.()ExhibitionReconstruction:TechniquesandDesignofChineseSilkopenCultureDepartment,andorganizedbytheChinaNationalSilkMuseum,theexhibitionisanotherhighlightoftheChineseCultureandTourismMinistrysinternationalprogramofChinaWeek:InheritanceandInnovat,thenewexhibitionpresentsthetechniquesandcharmoftheancientChinesesilkthroughfoursub-themes:Broderie,Impression,Tissage,andTeinture,thatis,embroidery,printing,nJune5,2018.()ZhouWei,theevent’scuratorandassistanttothedirectoroftheChinaNationalSilkMuseum,saidtheexhibitioninfusednewdesignswithtraditionalcraftsman,thecenteralsoheldapubliclectureon"ReconstructionofChineseSilksDesignMaterials"onJune4,andanindustrialexchangemeetingthemed"Reconstruction:TechniquesandDesignofSilk"()Theindustryexchangemeetingon"Reconstruction:TechniquesandDesignofSilk"isheldattheParisChinaCulturalCenteronJune5,2018.()TheexhibitionhallofTeinture.()AmodelshowsasilkflowerdressattheParisChinaCulturalCenteronJune5,2018.()AmodelsshowsasilkdressattheParisChinaCulturalCenteronJune5,2018.()AmodelshowssilkscarvesandhandbagsattheParisChinaCulturalCenteronJune5,2018.()VisitorslookatanembroidereddressattheParisChinaCulturalCenteronJune5,2018.()

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  PresidentXiJinpingdeliversaspeechatthe18thMeetingoftheCouncilofHeadsofMemberStatesoftheShanghaiCooperationOrganizationinQingdao,ShandongProvince,onSunday.(Photo/ChinaDaily)PresidentXiJinpingmakesanobservationaboutatraditionalChinesepaintingwithsummitattendeesonSunday.(Photo/ChinaDaily)LeadersofSCOmemberstatessigndocumentsonSunday.(Photo/ChinaDaily)Fireworks,alightshowandaperformancearestagedtowelcomeSCOleadersonSaturday.(Photo/ChinaDaily)JournalistsphotographasecurityrobotatthenewscenterofthesummitonFriday.(Photo/ChinaDaily)JournalistscovertheSCOQingdaoSummitonSunday.(Photo/ChinaDaily)GiantpandasplayfootballatWolongShenshupingBaseofChinaConservationandResearchCenterforGiantPandasinNgawaTibetanandQiangAutonomousPrefecture,SouthwestChina’,allbornin2017,willpa,ChinasgiantpandacamTVchannel,accordingtothecenter.(Photo/VCG)GiantpandasplayfootballatWolongShenshupingBaseofChinaConservationandResearchCenterforGiantPandasinNgawaTibetanandQiangAutonomousPrefecture,SouthwestChina’,allbornin2017,willpa,ChinasgiantpandacamTVchannel,accordingtothecenter.(Photo/VCG)GiantpandasplayfootballatWolongShenshupingBaseofChinaConservationandResearchCenterforGiantPandasinNgawaTibetanandQiangAutonomousPrefecture,SouthwestChina’,allbornin2017,willpa,ChinasgiantpandacamTVchannel,accordingtothecenter.(Photo/VCG)GiantpandasplayfootballatWolongShenshupingBaseofChinaConservationandResearchCenterforGiantPandasinNgawaTibetanandQiangAutonomousPrefecture,SouthwestChina’,allbornin2017,willpa,ChinasgiantpandacamTVchannel,accordingtothecenter.(Photo/VCG)

  

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发行失败多利率高 发债难恐拖累经济

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2019-10-1608:56:52来源:中国证券报

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当二级市场呈现破位下跌之时,债券发行市场也遭遇严冬。据不完全统计,最近一个月取消发行的债券总额超过1400亿元。同时,债券发行 利率持续走高,部分公开发行的信用债票面 利率已接近8%。债券发行市场的动荡程度正处于历史上最严峻的时期。业内人士指出,当前债市调整趋势依旧,利率上行还难言到顶,但债券融资成本上涨正加速向实体经济外溢,金融严监管和紧货币对经济的负作用开始显现并持续积累,或将酝酿债市转机。

发行失败多利率高

进入5月,取消发债的公告依然不少。以中国货币网为例,5月前3个工作日,在网站“其他与发行相关的事项”一栏中,共发布了18则公告,其中有12则公告是关于取消或推迟发债的,还有1则是延长簿记建档时间。

据不完全统计,4月7日至5月4日,在近一个月时间里共有163支债券被取消或推迟发行,计划发行总额为1444亿元。

市场人士指出,当前发行市场情况可能比2016年四季度还严峻,与2016年4月份类似。数据显示,2016年4月共有146支债券被取消或推迟发行,总额为1488亿元;2016年11月至12月共有137支债券被取消或推迟发行,总额1432亿元。

从券种上看,最近被推迟发行或遭遇发行失败的债券仍以 银行 间债券市场的超短融、短融、中票为主,但包括 企业债 、 公司债 、资产支持证券在内的其他主要类型的非金融企业信用类债券也均出现了推迟发行或发行失败的案例。连利率债一级市场都受到波及。4月25日,国家开发银行宣布调整4月27日的债券发行计划,取消了原定发行的三支固息债中的7年期品种。

即使是发行成功的债券,融资成本也都出现大幅上行。

银行间市场交易商协会公布的定价估值显示,自4月中旬以来,短融中票定价估值不断上涨,到最近一次(5月2日)公布时,5年期AAA级、AA+、AA各级别定价估值已分别升至4.71%、5.02%和5.46%,处于近两年高位,相比年初时约上涨40BP至50BP.

而在实际发行过程中,能够按照协会估值定价的并不多,不少企业发债利率远超过定价估值,甚至部分公募债票面利率已逼近8%。数据显示,4月以来共有16支公开发行债券的票面利率达到7%及以上水平;其中,4月27日发行的5年期企业债“17贵州物流园项目债”及3年期公司债“17昆仑01”的发行利率双双高达7.8%。

发债难终将拖累经济

分析人士认为,近期信用债一级市场低迷,是债券供需双杀、矛盾激化的结果。供给方面,进入二季度后,债券供给压力季节性加大,加上部分企业为避免补年报,赶在4月30日前发债,导致4月份信用债供给增多。需求方面,在金融严监管和去杠杆趋势下,债券市场持续调整,机构配置力量减弱,风险偏好下降,信用债需求最受冲击。鉴于当前信用债供需矛盾依旧,债券发行难度和发行成本恐难见回落。

业内人士指出,当前金融监管趋严、货币偏紧依旧,金融去杠杆正持续推进,债市调整趋势难改,在这一过程中,债券融资成本上行正加速向实体经济外溢。一方面,债券融资难度加大、成本提高,提升了发债企业尤其是主要靠债券融资的部分企业的财务压力;另一方面,随着债券融资利率不断走高,社会融资成本面临上行压力。

该业内人士指出,虽然目前存贷款基准利率未调,贷款利率上行还不明显,但在债券融资成本提高后,一些企业势必会转道信贷融资,增加信贷需求,在金融防风险趋势下,银行类机构既存在成本约束又面临额度控制,自然有提高贷款利率的动力,市场利率上涨向信贷、非标等融资渠道传导的可能性是客观存在的。进一步看,融资成本上涨将导致社融萎缩,终将作用于经济增长。由此来看,当前债券市场动荡期未完,且随着金融严监管和紧货币对经济的负作用开始显现并持续积累,终将抑制利率上行空间甚至酝酿转机。

责任编辑:李盼(EN057)

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