he re-weightings and consequent portfolio rebalancing should not be viewed in isolation. In particular, the inve
上海千花坊女神会所stment index changes will be phased in over many months, which will allow investor
s to gradually and smoothly re-allocate their investments, thus mitigating the impact on volatility; and the c上海千花坊
ontinuing inflows of new AUM across constituent markets, which should help to further smooth capital flows.
上海千花坊女神会所The author is a financial sector specialist with the ASEAN+3 Macroeconomic Resear
ch Office (AMRO), a regional macroeconomic surveillance organization. This is an excerpt from the organ
ization’s latest report. The views don’t necessarily represent those of AMRO or China Daily.上海千花坊
In an international conference on religious freedom he hosted in Washington
上海千花坊女神会所from Tuesday to Thursday, US Secretary of State Mike Pompeo again showed how freely his tongue can wag in an ef
fort to portray the United States as a beacon of freedom in a world that he painted as pitch-black.
Alleging that “83 percent of the world’s population live in countries where religious freedom is either threatened or deni上海千花坊
ed entirely”, the evangelical Christian even helpfully proffered a list of those countries he considers culpable.
上海千花坊女神会所Not surprisingly, given his past lambastings of it, China came in for a tongue-lash
ing with Pompeo asserting it is “home to one of the worst human rights crises of our time”.
This is not the first time he has pointed an accusing finger at China’s policies in the Xinjiang Uygur autonomous region. Bu上海千花坊
t this time he took his rhetoric up a notch describing it as “the stain of the century”.
上海千花坊女神会所He might want to look closer to home for that, as the detention centers on the US southe
rn border are more fitting of that description, having been described by some as “concentration camps”.
Even the US president has admitted, “they’re very crowded, in many cases”. 上海千花坊
But Pompeo carefully avoided overstretching his tongue when presenting h
is examples of China’s human rights abuses. He failed to mention that the many illegal religions and s上海千花坊女神会所
ocial organizations in China and elsewhere in the world are funded by his government for its own political purpos
上海千花坊女神会所es; and that many separatist organizations are on the payroll of Washington under the name of freedom fighters.
ation disclosure are the underlying reasons why some market players chose to cross the line frequently, Lian said. The m
echanism will improve the efficiency of inspection, promote fair competition and reduce transaction costs. 上海419品茶微信
The country also encouraged the applications of the Internet Plus model and
上海419technologies such as big data to regulate over acts of bad faith more effectively.
The State Council issued a circular on July 18 outlining measures to form professional drug
-inspection teams, as part of efforts to strengthen drug supervision and guarantee drug safety. 上海419品茶微信
According to the circular, drug inspectors will be recognized by drug authoriti
上海419es and authorized to conduct compliance verification and risk judgment on places where drugs are develop
ed and produced, as well as ensure that drugs are produced in accordance with laws and regulations.
The drug teams will be established by 2020 at both national a
nd provincial levels, the circular said, with an emphasis on high-risk drugs like vaccines.
The circular also determined the division of power and responsibilities for both teams.
Drug-inspection teams under the State Council drug regulatory department will be responsible for on
site inspections on the research and development of drugs, medical equipment, and cosmetics for special use. 上海419品茶微信
These teams will also be responsible for overseas ins 上海419
pections and targeted inspections of drugs, medical equipment and cosmetics.
Provincial teams will meanwhile conduct onsite inspections on the production of drugs, medical equipment, and cos
metics. They will also inspect pharmaceutical wholesale enterprises, headquarters of retail chains, as well as thir
d-party online sales platforms, and provide guidance for regulatory departments at county level.
Rules and process specifications for drug inspection should be further improved, and a national unified database and informat 上海419品茶微信
ion platform should be established for drug inspectors at different levels to share information.
cent in the second quarter of 2019, down from 6.4 percent in the first qua
rter but still within the government’s annual targeted range of 6-6.5 percent.上海龙凤419品茶微信
Despite the moderating GDP growth, activities rebounded visibly in June, with almost all the growth indicators beating expe
上海龙凤419ctations, a sign that effects of the government’s policies are filtering through, which will be more evident in
the second half, said Mao Shengyong, spokesman of the National Bureau of Statistics.
UBS economist Wang Tao expected the People’s Bank of China (PBO上海龙凤419品茶微信
C), the country’s central bank, to further ease liquidity to ensure continued credit reb
上海龙凤419ound in H2 and cut the reserve requirement ratio (RRR) by 100 basis points without adjusting the benchmark rates.
Cheng Shi, the chief economist with ICBC International Holdings Ltd, echoed Wang’s view and said followi
ng the possible rate cut of the Fed, the PBOC is lik上海龙凤419品茶微信
ely to lower the interest rates of open market operations or the medium-term lending facility.
上海龙凤419The PBOC adopted targeted RRR reduction twice this year to support priv
ate as well as micro and small enterprises. The latest RRR cut, announce
d in May and being conducted in three phases, unleashed a total of 280 billion yuan of liquidity into the market.
The government is expected to continue the proactive fiscal policy, w上海龙凤419品茶微信
ith more support for weak links such as public services and infrastructure.
上海龙凤419Meng Wei, a spokeswoman of the National Development and Reform Commission, said the government would p
ush forward the construction of major projects and boost investment in the private sector.
The growth of infrastructure investment is expected to rebound to “m上海龙凤419品茶微信
id-high single digits” in H2 from 4.1 percent in H1, said Wang Tao, the UBS economist.
The government could also ease the criteria for the issuance of sp上海龙凤419品茶微信
ecial local government bonds, and allow them to fund local infrastructure projects along with
major national projects, said Lian Ping, chief economist with the Bank of Communications.
With the Office of the United States Trade Representative threatening to impose new tariff
s on $4 billion worth of European Union goods, the trade conflict between the US and the EU has inten上海千花坊品茶微信
sified. And if the US makes good the threat it issued on July 1, the additional tariffs would cover $25 billion of EU go
上海千花坊ods－in April the US had decided to impose additional tariffs on $21 billion of EU products. In addition, the US adm
inistration launched a Section 301 investigation against the digital service tax of France on July 10.
Washington’s move seems to have roots in the 15-year-old dispute over the su上海千花坊
sidies given to Boeing by the US and to Airbus by the EU. The US is using tariffs t
上海千花坊品茶微信o exert pressure on the EU to reduce subsidies to Airbus so Boeing can maintain its competitiveness in the global ma
rket and the jobs in the US plane manufacturing industry could be protected.
The US is wielding tariff as weapon also to increase its bargaining chips in the negotiations over “three zeros”－zero ta上海千花坊
riff, zero tariff barriers and zero subsidy－for non-auto industrial products.
Since the US and the EU have wide differences over auto and agri上海千花坊品茶微信
cultural products, the negotiations remain mired in uncertainty, although Washington com
pelled Brussels to continue the talks by threatening to impose fresh tariffs on EU goods in April.上海千花坊
As US President Donald Trump prepares to launch his re-election campaign, he is trying to mitigate US farmers’ sufferings, as the
votes from the agricultural belts helped him win the 2016 presidential election. The US administration has pro上海千花坊品茶微信
vided numerous subsidies for farmers to help offset their losses due to the US’ trade disputes with China, the EU and othe
r economies, but subsidies alone cannot solve the farmers’ problems. So Washington has put some EU agricu
ltural products on the tariff list in an effort to protect its agricultural products market.
However, the fact that the EU has agreed to resume negotiations on subsidies to the plane ma
nufacturing industry does not mean it will not take countermeasures if the US does impose mo
re tariffs on EU goods. In April, when the US levied additional tariffs on $21 billion of EU go
ods, Brussels responded by imposing tariffs on€20 billion ($22.43 billion) of US products.
tional Security Advisor John) Bolton’s advice and allows New START to expire, he will likely become th
e first president since John Kennedy to fail to conclude at least one agreement with Russia to reduce上海龙凤419品茶微信
nuclear dangers, and he will have opened the door to a new and dangerous nuclear arms race”.
上海龙凤419Russia does not plan to deploy new weapon systems on the European part of its territory afte
r the US withdrawal from the INF Treaty, unless new US missiles are installed in Europe, the Russian Perm上海龙凤419
anent Mission to NATO announced after a meeting of the NATO-Russia Council in Brussels on July 5.
Chen Yu, a researcher at the Institute of Eurasian Studies at the Beijing-based China Institu
上海龙凤419品茶微信tes of Contemporary International Relations, said there has been a letup in the competition between Russi
a and the US in recent years in geopolitical hot spots such as Syria, Ukraine and Venezuela.
In unusual but true stories this week, we have the Beatles’ first contract with Brian Epstein to be auc上海龙凤419
tioned, a toddler becoming the youngest person to climb the Three Peaks, a café in Vietnam that le
上海龙凤419品茶微信ts your feet mingle with the fish while enjoying coffee, a solar-powered plane comp
leting a 1,700-kilometer flight in Russia, and Egyptian dwarfs resorting to football to integrate into society.
All the odd and interesting anecdotes from around the world are here in our review.上海龙凤419
The Beatles’ first contract with Brian Epstein to be auctioned in London
“If the INF Treaty is allowed to expire, there are more poss
上海龙凤419ibilities that the two nuclear powers will come to a conflict accidentally,” Chen said.
“If Russia and the US freed themselves from the treaty, there would be no lim
itations on developing and deploying new short and medium-range missiles,” Chen said.上海龙凤419品茶微信
Shen Jiru, a researcher with the Institute of World Economics and Politics at the Chinese Acade
my of Social Sciences, said: “The treaty has long served as a stabilizer for Europe. Once it is te
rminated, the consequences are serious. There will be a new round of an arms race.”上海龙凤419品茶微信
No breakthrough was expected on the INF Treaty at the Geneva meeting on Wednesday, Reuters quoted US officials as say
ing. In addition, the US is not planning to discuss renewal of New START, they said.
the ship the captain suggested that he should have a Chinese name.
“He named me Gao Tianrui, based on the pronunciation of my English name,” he said.上海千花网女神会所
After Taiwan he worked in several places, including New York, Singapore and a 12-year stint in Hong Kong.
上海千花网Crossman first came to the Chinese mainland in 1981, when he went to Shanghai and Suzhou in Jiangsu province.
“Wherever I went, I had at least 30 people following me, asking about Hong Ko
ng, how much I earned and how I felt about the victory of the Chinese women’s volleyball上海千花网
team,” he said. In 1981, the Chinese women’s volleyball team won the world championship for the first time.
上海千花网女神会所His first visit to Beijing was six years later on business. “There were few cars and lots of bicycles on the roads.”
Crossman and his family moved to Beijing in 1997, when the traffic was heavier a
nd the city busier. “There were only two subway lines, with no air conditioning,” he said.上海千花网
Since then he has lived and worked in Beijing.
上海千花网女神会所His parents separated when he was young, and he lived in many
different places in the US, so he never felt like he had a regular home there.
I had no hometown in the United States,” he said. “Your home is where your things are. In this sense, Beijing is my home.”
Crossman can make traditional Beijing bean-paste noodles, and when he goes to a restaurant, he ord上海千花网
ers dumplings, mashed eggplant and fermented bean curd, a traditional Beijing dish.
上海千花网女神会所He can often be found chatting with local people, especially taxi drivers.
“I am more familiar with the lives of taxi drivers than most Beijingers,” he上海千花网
said. “When I see their license numbers, I can tell how many years they have worked.”
ory of Music Middle School, in Beijing. Her score for pipaperformance ranked first among candidates in the country. From 1981-1987, she stu
died at the Central Conservatory of Music (in Beijing), where she became the first reci 上海419论坛
pient of a master’s degree in the pipa(in the country). Then, she began teaching at the school. However, she was not s
上海419论坛品茶微信atisfied with the “stable life.” In 1990, she traveled — alone — to Los Angeles (LA), to pursue further studies in the pipa.
Wu felt lost when she first arrived in LA, as most Americans, who had never seen the pipa, were not
accustomed to the musical instrument. As she struggled to adapt to her new life, Wu performed, in her 上海419论坛
spare time, in communities and primary and middle schools (in LA), to help Americans understand the beauty of the
上海419论坛品茶微信pipa. At the same time, though, Wu felt as if she were in music heaven, because she was able to study various ge
nres of music, including jazz, musicals, electronic music and rock and roll, to her heart’s content.
To help Americans understand the beauty of the oriental mus
ical instrument, she has, for the past three decades, played the pipa during numer 上海419论坛品茶微信
ous musical performances, including recitals and symphony and chamber music concerts. As a result, ma
上海419论坛ny Americans have become Wu’s fans. As Musical America (the oldest American magazine on classical music) noted, “She is th
e very model of a modern soloist, but more importantly, her work is part of a big step in the evolution of Western classi
cal music. Thanks to her, the pipa is no longer an exotic curiosity, let alone a complete mystery.” 上海419论坛品茶微信
Compared with Western music, traditional Chinese music tends to be more abstract, which leaves one with greater ro
上海419论坛om for imagination. After you watch a pipa performance, you may enjoy its lasting, and pleasant, aftertaste.
Wu’s adventurous spirit and virtuosity have led to collaborations across disciplines, and ha
ve allowed her to reach wider audiences, as she has worked to break through cultural and musical border 上海419论坛品茶微信
s. As a result, an increasing number of Westerners have been fascinated by the unique charm of Wu
上海419论坛’s “lute -like instrument.” During the past 29 years, Wu has achieved fruitful results in collaborating with Kronos Q
uartet. Early in 1995, Wu and Kronos premiered their first project, Tan Dun (a Chinese contemporary classical co 上海419论坛品茶微信
mposer and conductor)’s Ghost Opera, at the Brooklyn Academy of Music (in New YorkW
ithin a short time, Wu and Kronos embarked on a worldwide musical tour. Their performances were well received.
good global vision, political foresight, and understanding of international relations,” he said. “She has ac
complished a lot in the past eight years, thus, moving to lead ECB won’t be difficult for her.”上海龙凤419品茶微信
Wei, also a member of the Academic Committee of the International Mo
上海龙凤419netary Institute of Renmin University of China, said that he also appreciates Lagarde’s ef
forts in making the Chinese currency RMB part of the IMF Special Drawing Rights basket on Oct 1, 2016. It made the R
MB the fifth currency in the basket, joining the US dollar, euro, Japanese yen and British pound.上海龙凤419品茶微信
Edward Tse, founder and CEO of management consultancy Gao Feng Advisory, said that Lagarde’s comp
上海龙凤419rehensive experiences in multilateral institutions would make her a qualified ECB head.
He said that an important part of leading the ECB is balancing the p
olitical interests among eurozone members, so political skills are essential and somet上海龙凤419品茶微信
imes are more important than technical skills. And, in the ECB, there are already many economists to assist her.
“The most important part of leading the ECB is political sensitivity and political coord
上海龙凤419品茶微信ination capacity,” he said. “So EU leaders’ choice of Lagarde is very reasonable.”
He added that the EU’s economy lacks vitality, so whoever is ECB head will find it hard to change the situation.
“If Lagarde gradually solves the current problems with her high political sensitivity, it is already the best scenario,” he said.上海龙凤419
The European Union on Wednesday lowered its forecasts for economic growth next year fo
上海龙凤419品茶微信r both the 19-country eurozone as well as other countries within the bloc, partly due to the United Kingdom’s i
mpending exit from the bloc as well as current trade tensions around the world. Eurozone growth is expected to pick up f
rom 1.2 percent this year to 1.4 percent in 2020, down from a previous estimate of 1.5 percent.上海龙凤419
Tse said that EU’s economy has entered a structural downturn, and in many countries, ma
king short-term adjustments cannot help them achieve rapid economic development.上海龙凤419品茶微信
“Up till now, EU countries haven’t found the means for quic
k economic growth yet, which is different from the situation in China and t
he US, where innovation acts as the main driver for economic development,” he said.
pital Land signed strategic cooperation agreements with a host of traditional art workshops, guilds and institutes of higher learning.
The Beijing company also aims to integrate investment, technological research and retail facilities to further pro上海419论坛
mote Chinese intangible cultural heritage as well as investing in a 5 billion yuan cultural foundation.
上海419论坛女神会所The goal is to help every link in the intangible culture industry chain-from designers and inheritors to producers-to solve their
problems and convert intangible culture into marketable products with a practical value, Li says.
When a product is created, the Beijing company will invest in its production, increase its added value and help it to gain market presence.上海419论坛
Li says Beijing Capital Land will also use its outlet shops a
cross the country to promote products bearing elements of intangible culture.
上海419论坛To date, the company has also reached strategic agreements with several o
nline retail giants, including Alibaba, JD and Vipshop, to boost sales of these products.
The goal is to enable customers to better appreciate the beauty of Chinese culture and to build uniquely Chinese cultural brand, Li says.上海419论坛
Authorities expect the park to become a testing ground for national efforts in intangible cultural heritage protection.
上海419论坛女神会所ang Chenyang, an official at the Ministry of Culture and Tourism’s int
angible cultural heritage division, says that he hopes the park will provide opportunities to co
mbine exciting cultural heritage products from all over China, and promote the upgrading of the traditional arts上海419论坛
and facilitate in-depth cooperation between those involved in art creation, design and marketing.
Beijing currently has more than 12,000 municipal-level intangible cultural heritage prac上海419论坛女神会所
tices, according to Li Yang, a senior official with the Beijing Municipal Culture and Tourism Bureau.
“We hope Yongyuan will become a new name in the capital’s ‘national cultural center’ development in the future,” Li Yang says.上海419论坛
The Beijing government issued guidance in June to support the development of platfor
ms for cooperation in the fields of intangible cultural heritage, culture creation and health.上海419论坛女神会所
The guidance pushes for rational utilization of the city’s historical build
ings and former industrial sites, turning them into intangible cultural heritage hal
ls for protection, research, publicity and academic exchange purposes, according to Li Yang.
erce said it would issue licenses to US companies seeking to sell products to Huawei when there is no threat to national security.上海楼凤
上海楼凤品茶微信Huawei was put on the US Entity List in May, which banned it from
buying technologies originating in the US without special government approval.
Liang said despite the US government “crackdown”, Huawei has achieved growth上海楼凤
in the first half of this year and specific financial data will be released by month’s end.
The senior executive also explained that the company’s self-developed operating system Hong-Me上海楼凤
ng is designed to power internet of things applications such as self-driving vehicles and remote medical services.
上海楼凤品茶微信”When it comes to operating systems for smartphones, Android and its open ecosystem is
still the top choice. It is undecided yet whether to use HongMeng for smartphones,” Liang said.
According to Huawei, the company will step up investments to ensure cybersecurity and protect users’ privacy.
In 2018, Huawei has evaluated 2,778 of its mainstream suppliers
for cybersecurity risks, and verified the progress of related corrective action plans上海楼凤
. It also signed a data protection agreement with 582 suppliers for privacy protection, and performed due diligence on
上海楼凤品茶微信these suppliers, said the 2018 Sustainability Report which Huawei unveiled on Friday.
Lyu Tingjie, a professor at Beijing University of Posts and Telecommun
ications, said Huawei has demonstrated strong resilience toward all the geopolitical pressure, and its c
onsistent research and development input will help it overcome all the challenges.上海楼凤
“But the US government has become the biggest source of uncertainty for the global electronics industry. It constantly chang
上海楼凤品茶微信es its attitude and failed to clarify what products can be resumed to sell to Huawei,” Lyu said.
On Friday, Liang also highlighted Huawei’s determination to pursue green devel
opment by achieving innovation in the course of its 5G research, product development, and engineering.
Huawei has managed to reduce the 上海楼凤power consumption per 5G site to 20 percent less than the
industry average. This has been made possible by the new Huawei chipsets, system software, pr
ofessional services, and advanced hardware and heat dissipation technologies.上海楼凤品茶微信
“These innovative technologies have made Huawei’s 5G more energy-efficient. With the right solutions, Huawei’s 5G will be a green technology,” Liang said.