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Organization at the co上海千花坊女神会所 system with the Wo

onsensus for en上海千花坊女神会所 suring a transition to a climate neutral European Union by 2050 was not reached,” said Romanian President Klaus Ioh

annis. Romania’s six-month presidency at the Council of the European Union will end on June 30.上海千花坊女神会所

At the news conference, Tusk also noted that the biggest risks t

上海千花坊女神会所o the global economic outlook are trade and geopolitical tensions.

“We will take this message to the G20 in Osaka, where we will try to p

ersuade our partners to cooperate, rather than threaten one another,” he said.

上海千花坊This week will be joyful for those who have gotten high scores in their national college e

ntrance examinations, but miserable days for t

hose whose scores may deny them the opportunity to study in a university.

She vowed to follow up, given that the violence has undermined the c上海千花坊女神会所

ity’s long-cherished value of the rule of law, one of Hong Kong’s cornerstones.

“This is something that we should seriously condemn because nothing is more important than the rule of law in Hong Kong,” Lam said上海千花坊.

The clashes escalated as masked protesters, demanding withdrawal of the extradition

law amendment that had been suspended on June 15, broke into the legislative complex at around 9 pm on Monday.上海千花坊

They tore pictures of Legislative Council presidents off the wall, painte

d profane language on the wall and damaged the facility, including chairs and glass cabinets.

On the same day, a large number of demonstrators took to th

e street to march against the government’s extradition bill in a relatively peaceful fashion.

 

www.chitudoudemao.cn

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

The country’s GDP grew by 6.4 percent in the first quar

uarter, which represented the 14th consecutive quarter in the 6.4 percent to 6.8 percent range.

The country added 4.59 million urban jobs in the first four months, with total imports and expo

rts up by 4.3 percent year-on-year and its foreign exchange reserves remaining above $3 trillion.

Xi said there will be ample factors to reinfo

rce the steady, healthy and sustainable growth of the Chinese economy.

The president called the country’s large pool of resources a primary factor. C

hina has a population of nearly 1.4 billion, a 900-million-strong workforce, the w

orld’s largest middle-income population and over 100 million market entities.

uozyxg.cn

Minister General Wei Fenghe speaks at the Shangri-La Dialo

The People’s Liberation Army will adamantly support regional and world peace, but will not be

“bullied or preyed upon” by foreign powers into giving up national sovereignty and legitimate int

erests, State Councilor and Defense Minister General Wei Fenghe said on Sunday in Singapore.

Experts said Wei’s speech at the Shangri-La Dialogue, a key defense summ

it, marked a milestone in Chinese military diplomacy as Wei showcased the PLA’s confide

nce, positions on key issues and its sincerity and willingness to exchange and cooperate with other countries.

It is the first time in eight years that a Chinese defense minister has participated in the event.

Building a community with a shared future for mankind is the right path forward an

d the trend of the times amid growing uncertainty and instability around the world, he said.

www.zsdbv.cn

The panda is a rare all-white individual in wild pandas, whi

ch showed that the albinism genes exist

in the wild population of giant pandas in Wolong, he said.

“The panda looked strong and his steps

were steady, a sign that the genetic mutation may not have quite impeded its life,” said Li.

Increasing access to mobile Internet technology has encouraged more

Chinese tourists to share travel experiences online, according to a new report.

Data from TongCheng-eLong, a leading

online travel service platform in China, showed that 60.8 percent of its users had sha

red their travel experiences online in the

past year, mainly by posting photos featuring local scenery or cuisine, said the

report released by TongCheng-eLong and Chinese travel services and social networking platform Mafengwo.

Shooting a minute or two of mobile phone videos on the move has become a

new trend among Chinese travellers, the report said.

The report said 42.3 percent of the platform’s users had shared their travel moments through short videos.

www.ashkk.com

the country will basically realize rural and agricultura

al modernization and ensure that both urban and rural residents enjoy equal public services.

By the middle of this century, digital villages will be completely built nationwide to advance rural revitalization.

To fulfill such targets, the country will accelerate the constructi

on of IT infrastructures in rural areas, upgrading rural internet facilities and information services.

More efforts will be made to boost the rural digital economy, with wider use of digital techno

logies in agriculture and the development of e-commerce and various emerging creative industries in rural regions.

While providing more support for rural technological innovation, the co

untry will strengthen ecological protection in rural areas with digital technologies.

www.cctif.cn

population, including psychological needs, so the servi

services will aim precisely at those most in need,” she said.Shan Jixiang, former director and curator of the Palace Muse

um, has been hired as Palace Museum Research Institute chief, one month after his retirement.

Wang Xudong, current director of the Palace Museum, on Wednesday handed the offer letter, dated May 6, to Shan.

Xi Huan, vice-president of Beijing Hospital, said major medical institutions need to mak

e more efforts to improve services for the elderly, including the promotion of disease prevention educ

ation and increased follow-up visits for elderly patients who have been discharged from the hospital.

“Big hospitals should provide more help for elderly patients, and more follow-up nursing services after they leave the ho

spital, so they can get timely help if problems occur at home or at community health centers,” he said.

lunran.cn

All of this has inspired confidence that the Chinese eco

Chinese economy can reach its indicative growth target of 6-6.5 percent in 2019.

Lower growth rate may mean more room for adjustment

Most Chinese economists seem quite comfortable with this targeted range. One explanati

on is that China’s potential growth rate is 6-6.5 percent, and a target should be set accordingly. Another is that a

lower growth rate would give the economy more room for structural adjustment.

From 1978 to 2008, China averaged an impressive 9.5 percent annual g

rowth rate. Then the global financial crisis struck, causing growth to plummet from 9.7 p

ercent in the third quarter of 2008 to 6.6 percent in the second quarter of 2009. A 4-trillion-yuan ($640 billion) sti

mulus package, introduced in November 2008, soon brought about a powerful rebound, with GDP growth rea

ching 12.1 percent in the first quarter of 2010. But since then China’s economic growth has been declining, partly b

ecause the government withdrew its stimulus. Last year, China’s GDP grew by 6.6 percent.

www.trwater.com.cn

China’s pledges included shortening its negative lis

 for foreign investments, opening up more sectors to foreign busines

ses, guaranteeing fair competition and planning new free-trade zones and ports.

Sourabh Gupta, resident senior fellow at the Washington-based Institute for China-American Studies, specifically praise

d the new Foreign Investment Law-passed in March by China’s national legislature and effective in 2020-which he s

aid is “a farsighted piece of legislation” that “will firmly usher in a new round of reform and opening-up”.

“Strong measures to deal with political, regulatory and administr

ative noncompliance are envisaged. A robust working mechanism to promptly address fo

reign businesses’ complaints is also envisaged,” said Gupta, who believes the prov

isions are a big step in assuring foreign businesses that the playing field is leveled in China.

www.ypwhl.cn

She added that Nepal sticks to the one-China poli

cy and will not allow any forces to use its territory to conduct any anti-China activities.

China’s State Council made public a decree Tuesday to prompt the integrated platform building for e-gov

ernment services to optimize the business environment and make government services more easily available.

The decree clarifies the goal and overall structure of the integrated

platform for e-government services, aiming to standardize the services nationwide, facil

itate information sharing and coordinate services among regions and departments at various levels.

The two leaders witnessed the signing of bilateral cooperation documents after the meeting.

China is now Nepal’s biggest source of foreign in

vestment, second-largest trade partner and second-largest source of foreign tourists.

Ahead of the First Belt and Road Forum for International Cooperat

ion, China and Nepal signed a memorandum on Belt and Road cooperation in May 2017.

www.avnfi.cn