As for China, US seclu上海会所ans scientific fields that r

t rely heavily on importation of advanced equipment will be affected the m

ost. “The silver lining of US pressure is that China will be forced to innovate and be self-suffi上海会所

cient,” Pan said. “The US cutting off exchanges will slow us down a little, but will not stop our strides for progress.”

上海会所品茶微信Given the uncertainty of the situation, scientists and scholars around the world fear that the worl

d will be divided into two major blocs, like during the Cold War. “Splitting the world into two syst

ems and hyping the clash of civilizations will be disastrous for all humanity,” Pan said.上海会所

“The current international systems were mostly put in place after World War II, but this world

上海会所品茶微信order did not anticipate the astonishing rise of China,” he said. “As a result, some norms within the current glob

al systems must change in order to accommodate the new dynamics, a process in which China is willing to help.”

China has been slowly and sincerely contributing its own standards

and knowledge to global governance, especially in regard to the social impact and上海会所

governance of artificial intelligence, biosciences and other emerging technologies, Pan said.

上海会所”China is not a disrupter, but a contributor to the current world order,” he said.

China’s economic growth weakened to 6.2 percent year-on-year in the second quarter, but remained stable on the wh

ole in the first half of this year at 6.3 percent, according to data released by the National Bureau of Statistics on Monday.上海会所品茶微信

The country’s industrial output rose by 6.3 percent year-on-year i

n June, compared with 5 percent in the previous month, official data showed.

But in the first half of this year, industrial output growth dropped to 6 percent, down from 6.5 percent in the first quarter.上海会所品茶微信

Fixed-asset investment growth was 5.8 percent in the first six month

s combined, compared with 6.3 percent in the first quarter, according to the NBS.

Retail sales increased by 8.4 percent year-on-year in the first hal上海会所

f of this year, compared with 8.3 percent in the first quarter, the data showed.

Production rises 34.6 percent for new energy vehicles and 20.1 percent for solar cells year-on-year in H1, the NBS said.上海会所品茶微信

The bureau said that growth remained on track despite increasing external uncertainties and new downward growth pressure.

www.xxxcj.cn

hina rolls out psycholo上海会所program targeting elderly

hina has intr上海会所oduced a two-year pilot program to find out the psychological condition

s and needs of senior citizens at the primary level, the National Health Commission (NHC) announced Thursday.上海会所

Covering 1,600 urban communities and 320 villages, the pilot program targets permanent re

上海会所品茶微信sidents aged 65 or above, said Wang Haidong, director of NHC‘s Department of Ageing and Health.

Under the program, psychological assessment is carried out based on the personal will of the elderly, said Wang, adding that

necessary mental interventions and suggestions of medical treatment would be offered depending on the results.上海会所

The program is initiated in response to increasingly prominent mental problems among the elderly over the recent years, according to the NHC.

In wake of urbanization and the acceleration of aging proc

ess, China sees an expanding population of migrant and left-behind senior people, who are vu上海会所品茶微信

lnerable to mental issues, especially when they catch chronic diseases or lose their spouses or friends.

With training sessions, the program is expected to improve the ability of medical workers a

上海会所t the primary level to better identify common psychological issues and offer corresponding help, Wang said.

data storage has become a top 10 emerging technology of 2019 on this year’s World

Economic Forum’s annual list released in Dalian, Northeast China’s Liaoning province.上海会所品茶微信

Other technological breakthroughs with the greatest potential to make a positive impact on our world include social ro

bots, cheaper and safer nuclear reactors and a novel way of reining in rogue proteins.

上海会所品茶微信The technologies on the list were selected based on their potential to have a mainstrea

m impact on societies and economies within five years and be both disruptive and attractive to investors and researchers.

“From income inequality to climate change, technology will play a c

ritical role in finding solutions to the challenges our world faces today. This year’s e上海会所品茶微信

merging technologies demonstrate the rapid pace of human innovation and offer a glimpse int

webaobo.cn

Commenting on the上海会所s argument that the futur

re trade agree上海会所ment should tilt in the direction favourable to the US side, Gao said the esse

nce of Sino-US economic and trade cooperation is mutual benefit and win-win cooperation.上海会所

China has always stressed that consultations should be conducted under the principles of mutual respect, equality and mutual benefit, he said.

“If an agreement could be reached, it should be balanced, equal an上海会所品茶微信

d mutually beneficial, and China’s core concerns must be properly addressed,” Gao said.

上海会所Commenting on the US side’s recent claim that China agrees to

purchase large quantities of US agricultural products, Gao said China and the United States are str

ongly complementary in agricultural trade and have huge room for cooperation.

“Affected by Sino-US economic and trade frictions, agricultural trade上海会所品茶微信

between the two countries has taken a blow, which is something we do not want to see,” Gao said.

“Trade in agricultural products is an important issue that needs to be discussed betw

een the two sides,” Gao said. “We hope that the two sides will proceed from the fundamental interests o上海会所品茶微信

f the two peoples and find a solution to the problem on the basis of equality and mutual respect.”

Gao expressed the hope that the two sides will follow the important instructions given at the meet

上海会所品茶微信ing of the heads of state of the two countries, accomodate each other’s reasonable concerns on the basis of

equality and mutual respect, and seek mutually beneficial and win-win solutions to create a stable and

predictable trade and investment environment for enterprises of the two countries and the rest of the world.

“This is not only in the interests of China and the United States and their

peoples, but is also the common expectation of the international community,” he said.

hbLumei.com

On the other hand,上海会所he past, the Fed now has t

to take the delayed effect of balance sheet reduction conducted earlier into its consideration of rate cuts. The current phase-out of balanc

上海会所e sheet reduction already has some easing effect, and only after the balance sheet reduction ends in September, can its impact become clearer.

By incorporating that impact into consideration, the Fed can draw up a better rate cut plan that maximizes effects of the policy mix.上海会所

Thirdly, the market may have overestimated how much the Fed will cut the rates. There may be no more than three rate cuts by the end of 2020.

St. Louis Fed President James Bullard – the major advocate of this

round of rate cut – has suggested the use of the modern-day Taylor rule, which fairly well explains th上海会所

e Fed’s interest rate decisions. Even based on this model adopted by dovish Fed officials, we found that the degree of rate cuts may be weaker than m

上海会所arket expectation for quite some time going forward: at most one cut by the end of this year and likely two or three cuts by the end of 2020.

By contrast, before the June FOMC meeting, the market expected a higher-than-85-percent chance of more than one rate cut by the

end of this year as well as an about 60-percent chance of more than three cuts by the end of 2020, according to Bloomberg data.上海会所品茶微信

In conclusion, we think as economic downside pressure gradually emerges, the Fed will have to kick off the rate cut cycle. But the rate cut si上海会所品茶微信

gnal, timing and degree may not measure up to the market expectation. Therefore, two future developments appear possible:

First, investor sentiment can reverse drastically if the Fed’s action fails to meet market expec上海会所品茶微信

tation. Considering the market has fully priced in the unrealistic expectation of rate cuts sinc

e early June, any reversal of expectation can lead to short-term fluctuations of key price signals such as the US Treasury yield cu

rve, the US Dollar Index, and the gold price, which may pose extensive spillover shocks to asset portfolios.

Second, the long-term trend of rate cuts will continue even if the market expectation reverses. In the long

run, the Fed is expected to proceed with rate cuts in a fairly slow and smooth way. This will enlarge the monetary policy room of ot

her major economies and expedite the shift toward an easing global monetary environment, which may in turn lift the sen

timent of global stock markets and ease any currency risk of emerging markets gradually.

Cheng Shi is the managing director, head of research and chief economist of ICBC Interna

tional Holdings Ltd.Qian Zhijun is a senior economist of ICBC International Holdings Ltd.

chitudoudemao.cn

According to Yang Yonghong, head of China Railway Uru

umqi Group’s Alataw Pass Station, the rapid inspection and clearan

c上海会所品茶微信e services for China Railway Express freight trains have led to a rise in imports.

He was speaking at an indoor transfer station where containers from a train that had arrived fr

om Poland (via Kazakhstan) were being loaded onto a train bound for Chongqing. T

he change was necessary because the track gauge in Kazakhstan is wider than in China.上海会所

According to Yang, the indoor transfer station, the largest in Asia, can handle 15 train

s a day. Because more trains are expected to pass through the port in the future, the company plans上海会所品茶微信

to transform an outdoor transfer station into an indoor facility so the procedure won’t be affected by strong winds. The 80 Porsche cars were just one of the cargoes being transferred that day.

“When the China Railway Express was launched, the trains were heavily loaded on their outbound journeys, but most of the containers were empty when they returned. Now, about 70 percent of trains returning to China are also heavily loaded. The change is very obvious,” he said.上海会所

According to the Alataw Pass Customs, from January to May, only about 30 percent of the containers on China Railway Expre

ss trains returning from Europe were empty, a fall of more than 9 percent year-on-year.

上海会所品茶微信Yang said, “As many companies have benefited from the cheaper, but more efficient, service p

rovided by the China Railway Express service, I believe more and more containers will be filled on the trains’ return journeys.”

The development of the Alataw Pass has also boosted the development of Alashankou, which is home to just 14,000 residents.

“Many businesses have noted the potential of the land port and the city, so they have set up branches and factories here. It’s h上海会所

ard to imagine that before 1992 the Alataw Pass was nothing but the Gobi Desert and strong winds,” Di, the Party chief, said.

www.gzbbde.com

ion yuan in reducing tax and fee burdens, the figure in

As China’s measures to cut taxes and fees have been running on all cylinders, the coun

try has sla上海会所shed 893 billion yuan ($129.96 billion) in fiscal revenue from January to May, w

ith 109 million people’s salaries free from taxation, datafrom the State Taxation Administration showed on Thursday.上海会所

Compared with the annual target of 2 trillion yuan in reducing tax and fee burdens, the figure in the first five months ind

上海会所女神会所icated the task was 44 percent complete, said Zhang Yiqun, an expert in finance and taxation, adding China fare

s well in large-scale tax cuts and fee reductions and will definitely attain its goal in the end, according to Securities Daily.上海会所

Specifically, the newly issued tax-cut policies this year whittled down 351.1 billion yuan. Of the figure, 221.8 billion yuan boiled down t

o the deepening reform on value-added tax and 91.7 billion to inclusive policies for small and micro

上海会所 enterprises and special expense deductions for individual income tax. Meanwhile, 460.4 billion yuan were attributed to carryover effects of tax-reduction policies implemented since last year.

 new round of reductions in value-added tax rates started to take effect from April 1. A pullback of 221.8 billion yuan in overall taxation was accomplished between Ap上海会所ri

l and May, involving all industries, according to the official data, which also revealed manufacturing saved the most from the tax policy during the period, totaling 97 billion yuan, while the wholesale and retail industry achieved 80.8 billion yuan.上海会所女神会所

Privately and individually owned businesses are the biggest beneficiaries of inclusive policies targeting small and micro

enterprises, accounting for 83.4 percent in the total cuts of 66.8 billion yuan, achieved through implementing relevant policies.

Increasing the pre-tax deduction ratio for research and d上海会所女神会所evelopment expenses added a tax reduction of 87.8 billion yuan.

www.qiuLuhuang.cn

And the process to re上海会所女神会所 nuclear issue can

 achieve progress o上海会所女神会所nly if the neighboring countries including China, the Republic of Korea, Japan and Russia can

mediate between Pyongyang and Washington and bring them back to the negotiation table. Joint third-party eff

orts have become even more necessary now that the US-DPRK talks are deadlocked.

If the neighboring countries are willing to provide large-scale economic help to the DPRK, the latter could take active part in global affairs while expediting its denu

clearization process. And if the DPRK integrates with the international community, it will learn from China’s ope

ning-up experience how to accelerate its economic development for the benefit of its people.

Jin Qiangyi, head of International Politics Institute at Yanbian University

Strong China-DPRK ties key to peninsula stability

Xi was invited by top DPRK leader Kim Jong-un to visit the country and chose to do so in

the year marking the 70th anniversary of the establishment of Beijing-Pyongya

eblqb.cn

eijing to keep investigating C上海会所品茶微信boat collisio

Beijing said on Mo上海会所品茶微信nday it will continue to investigate thoro

ughly and carefully the collision of Chinese and Filipino boats in the

South China Sea, and handle the incident properly with Ma

nila based on facts and in a cooperative and friendly manner.

A Chinese fishing boat and a Filipino fishing boat collided accident

ally in the waters near Liyuetan in the South China Sea

early Monday morning, Foreign Ministry spokesman Lu Kang said.

Extending China’s condolences to the Filipino fishermen who expe

rienced the collision, Lu emphasized the collision wa

s an accident, and said China and the Philippines have communicated several times over the incident.

shlfbe.com

While many people doubt whether Mo could top the s

success of winning the Nobel Prize in Literature in 2012, Zhang Qinghua, professor at Beijing Normal University, believes that Mo’s way of dealing with this h

as been to make a return to his hometown, a village in Gaomi, Shandong province, both in reality and spiritually.

Mo didn’t publish any new work in the five years following the award, when in 2017 he

released several short stories, poems and theater works, mainly reminiscing about his hometown.

Unlike Mo’s former novels, Peking University professor Chen Xiaoming notes th

at his new works are more reserved, realistic stylistically and employ more simple language. Literary cri

tic Li Jingze is impressed that Mo has remained acutely sensitive to the realities of urban and rural life.

www.qianpadbe.com

Stage collapse kills child in Fujian provincetists may have f

An accident Saturday night where a

theater stage collapsed has killed one child and injure

d 14 people, said the local emergency management office in Zhangzhou, Fujian province on Sunday.

The Jinshuixian theater in Zhangzhou Development Zone hosted a children’s dance audition the night of May 25.

During the audition, part of the theater’s center stage collapsed, killin

g a 13-year-old participant. Injured participants are receiving treatment in hospitals.

Companies and organizers involved in the accident are in police custody.

www.shlfec.com