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 “Despite the upswing in the US 
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Post “Despite the upswing in the US
CHANGSHA , Dec. 4 (Xinhua) -- Over 180 officials, experts andrepresentatives from China and the United States gathered inChangsha, capital of central China's Hunan Province, to explorecooperation in sustainable energy.

They discussed possible solutions for urban environmental issuessuch as air pollution, sponge city construction and sewagetreatment at the third Sino-U.S. Energy and Environment Forum,themed "Recycling of fugitive gas emission under global concerns onwater , air and soil".

Devinder Mahajan, director of the Institute of Gas Innovationand Technology in the United States, said that as two of thelargest emitters of greenhouse gases, China and the United Statesshared common goals and challenges in conserving energy and shouldtap into each other's strengths.

"The two countries have the same duties and obligations toensure energy security and cope with environmental challenges,"said Zhuang Jia, with China's Ministry of Science andTechnology.

Strengthening cooperation in such areas can also help boosteconomic growth in both countries , he added.

China and the United States signed a 10-year energy andenvironment cooperation framework in Washington in 2008. Theframework sets goals and lays out steps to expand Sino-U.S.cooperation in energy security, environmental sustainability andclimate change.

Guided by the framework, over 30 universities in both countriesset up the Sino-U.S Energy and Environment Innovation ResearchCenter in 2015. Multiple techniques developed by the center havebeen successfully applied, according to Chai Xiaoli, head of thecenter. Enditem

BRUSSELS, Sept. 1 (Xinhua) -- Authorities in Belgium have lost trace of more than 300 ,000 guns in the past decade, local media reported on Tuesday, citing new data from the country's federal firearms department.

Sudpresse local newspaper group reports that an inventory carried out by the government department in June found 426,939 firearms were registered in Belgium, down from 889,937 recorded in 2006 when a new weapons law was enacted.

It is reported that part of the difference in numbers is explained by the fact that , over the past decade, about 125,000 guns have been handed in to authorities, but that still leaves approximately 330,000 weapons unaccounted for between 2006 and this year.

Federal firearms department chief Philip Ide told Sudpresse: "More than 300,000 arms have disappeared in one way or another. They exist , but nobody knows where they are or who owns them."

According to Flemish newspaper Het Laatste Nieuws, it is feared that at least 100,000 of these missing weapons have reached the criminal underworld.

Belgian federal justice minister Koen Geens said in an interview with Flemish public broadcaster VRT on Tuesday that the government is preparing a new firearms amnesty in light of the new data, to encourage people to come forward if they own a gun that has not been properly registered.

He said: "People are not easily separated from something that in reality they are no longer allowed to have."

The firearms department believes that the majority of the missing guns are in the French-speaking Wallonia region, in the south of the country.

Mr Ide told Sudpresse: "In the south, firearms possession has been engrained in local culture for generations. That could be explained by the fact that Wallonia is bigger and its residents are more isolated from urban areas than in Flanders [the Dutch-speaking north]."

Flemish newspaper Het Nieuwsblad says the province around the southern Belgian city of Namur has the highest concentration of firearms in circulation , at 81 per 1,000 population.

Belgium's 2006 gun law, which aimed to make it more difficult for private citizens to acquire firearms, came in the aftermath of a public shooting in Antwerp in which two people were killed.

Investors monitor stock prices at a securities company’s outlet in Shanghai in this file photo. Mainland investors appear cool so far on today’s launch of the Shanghai-Hong Kong Stock Connect scheme. — Zhang Suoqing

TODAY’S launch of the stock connect scheme allowing Shanghai and Hong Kong investors to trade on each other’s bourse will be a mostly one-way street, with foreign money pouring into China’s mainland, but little to entice mainland cash southward for now.

Overseas stock exchanges have long been hoping to attract a share of the mainland’s massive personal deposits — worth 50.4 trillion yuan (US$8.2 trillion) in September — but mainland investors have been unmoved.

They showed scant enthusiasm for the Qualified Domestic Institutional Investor program , which lets Chinese citizens buy shares in foreign companies through mutual funds, most of them focused on the United States.

“Despite the upswing in the US (markets), we haven’t seen distinct improvement in demand for QDII products,” said Howhow Zhang, fund analyst at Z-Ben Advisors in Shanghai. Analysts estimate that only 25-35 percent of the available QDII quota has been sold to mainland investors.

Punters cool to stock linkup

Domestic punters appear similarly cool on the connector.

“There are around 3 million retail investors who are eligible for the (stock connect) program, given the minimum asset requirement ,” said Lu Wenjie, China equity analyst at UBS in Shanghai, citing official data from the exchanges.

“So far only 2 percent of them have signed up.” The percentage of those with the intention to trade is much lower.

The Chinese government set an asset requirement for mainland investors into Hong Kong at 500,000 yuan in securities and cash deposits, while the China Household Finance Survey published in 2013 found the average Chinese urban resident had 2.4 million yuan in net assets. And many suspect that understates their actual wealth, thanks to widespread tax evasion.

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Post Re: “Despite the upswing in the US
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