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SINGAPORE
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, Aug. 17 (Xinhua) -- Singapore shares closed 1.51 percent lower on Monday, dragged down by volatile Chinese stock prices.


Shanghai shares gained ground by close albeit volatile price swing throughout the day following gaining nearly six percent the previous week. Futures trading reflected underlying investor caution towards Chinese equities, with the China CSI300 futures still on downward trend.


Meanwhile, oil prices down near six-year lows also hit the Singapore oil-related stocks. Crude oil continued to struggle in the wake of global oversupply concerns, with U.S. crude reaching a six-year trough of 41.35 U.S. dollars struck on Friday.


Singapore's benchmark Straits Times Index fell 46.90 points to 3
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,067.35 points. Trading volume was 1.33 billion shares worth 1.06 billion Singapore dollars. Decliners outnumbered advancers 346 to 110, while 483 stocks did not move.


Asiatravel Holdings Limited closed flat at 19.2 Singapore cents. It announced its third-quarter revenue dropped 1.9 percent lower year-on-year to 22.2 million Singapore dollars, while its net loss narrowed to 2.1 million Singapore dollars for the quarter.


Since last quarter, Asiatravel has focused on turning around its business in Southeast Asia and Middle East. It has also been spending substantial resources and management time to set up a China operation center in Beijing which will be operational in September 2015.


It is working with two substantial China shareholders on this expansion plan. The plan includes fundraising and acquisition activity. The objective is to position it as a fully integrated China online domestic, international outbound and inbound player.


CMC Infocomm Limited shed 7 percent to 20 Singapore cents. It announced that it has won new orders worth 2 million Singapore dollars
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, including 1.4 million Singapore dollar worth of maintenance contracts from existing customers. This brings its order book to a total of 18 million Singapore dollars. The bulk of its order-book will be delivered within the next 18 months.


Among top gainers, Petra Foods Limited jumped 8 percent to 3.24 Singapore dollars, while UOB became one of the top losers by falling 3.4 percent to 19.88 Singapore dollars. (1 U.S. dollar equals to 1.41 Singapore dollars)


PRETORIA, Sept. 17 (Xinhua) -- South African and Chinese experts agreed on Thursday the world can draw lessons from Chinese President Xi Jinping's book -- The Governance of China.


The experts had a book review at a seminar hosted by the Africa Institute of South Africa and the South African Human Science Research Council (HSRC) in Pretoria.


Yazini Funeka April, a researcher at the HSRC
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, said the book is relevant to Africa and the world as it shows the leader's seeking of the governance most suitable for the country.


It inspires South Africa and the African continent to come up with the way that fits them, she said.


She also noted Xi's leadership has aroused great patriotism among Chinese.


She said that during her visits to China, she felt a strong sense of patriotism from people she met whatever their professions.


Zhao Kejin, an associate professor of international studies at Tsinghua University, said the book would remove a lot of misconceptions about China and make the world understand China better.


"There have been wrong arguments about China from the U.S. and other Western countries which have been failing to grasp the real truth. This book will make people understand what China is doing how it's governed and where it will go in the future
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," Zhao said.


Prof. Garth Shelton at the University of Witwatersrand in Johannesburg echoed the views, saying the book will correct some misconceptions about China peddled by the Western media.


The China described by the Western media is not the real China, he hinted.


"This book presents the real picture of China, its aspirations, dreams and ambitions
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, serving as an essential bridge to understand China now and in the future," Shelton said.


Shelton said the "Chinese dream" mentioned in the book is similar to the African aspirations for peace, stability and development.


"President Xi Jinping links the Chinese dream to the aspirations of the African people and commits China to peaceful development in his book," Shelton said.


This is of particular interest to Africa, given Africa's own challenge in promoting peace and development
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, he added.


"For anyone interested in China's economic development, political evolution and international relations, this book is an essential reading," he concluded.


Huang Youyi, Vice President of the Translators Association of China and one of those who translated the book into English
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, said the book has sold more than five million copies worldwide.


"It is our duty to tell the world our story and make the world understand our story," Huang said.


Jesse Duarte, Deputy Secretary General of South Africa's ruling African National Congress party, said the book could provide many lessons for the party, such as how China managed to lift so many people out of poverty.


"We get inspiration from the Chinese to take charge of our destiny and also take charge of our National Development Plan
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," she said.


Dr Essop Pahad, a former minister in the presidency, said "the book deals with not only Chinese matters but the world at large. President Xi understands that we are living in a global village with a common destiny."


He said the book also highlights the point that policymakers must be connected to the people so that they feel part of them.


And China's "zero tolerance" towards corruption is agreed by the South African government, he said, citing Xi's crackdown on corrupt officials at all ranks
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, both "tigers and flies".


"We (South Africa) have to expand and deal with tigers, particularly in the private sector. We have to keep the



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MessaggioInviato: 21 Mar 2018 04:14:11    Oggetto: Adv





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