What’s happening in 上海乌托邦e world next week

Chinese officials and experts have urged politicians in the United States to stop using the situat

ion in Hong Kong as a bargaining chip for negotiations or as leverage for fueling competition with Beijing.上海乌托邦品茶微信

Senior politicians such as US Vice-President Mike Pence and House Speaker Nancy Pel

osi have spoken out on or pushed legislation concerning the recent violent protests in the city.上海乌托邦品茶微信

Pence angered China on Monday by telling the Detroit Economic Club that “for the Un

ited States to make a deal with China”, Beijing needs to “respect the integrity of Hong Kong’s laws”.

上海乌托邦”Our administration will continue to urge Beijing to act in a humanitarian manner,” Pence added.

In response, the Foreign Ministry’s Commissioner’s Office in the Hong Kong Special A

dministrative Region said on Tuesday that China resolutely opposes any country attempting to “take Hong Kong’s s上海乌托邦

tability and prosperity as well as the well-being of more than 7 million Hong Kong residents as a bargaining chip”.

“Do not daydream about China making a deal using its territorial sovereignty and national reunification,” an unnamed spokesperson上海乌托邦品茶微信

said in a statement, calling for a halt to intervention in China’s domestic affairs, including Hong Kong affairs.

On Aug 6, Pelosi said in a written statement that “the extraordinary outpourin

上海乌托邦品茶微信g of courage from the people of Hong Kong stands in stark contrast to a cowardly government”, and she reite

rated her call for suspending “future sales of munitions and crowd control equipment to the Hong Kong police force”.

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The major stock indexe上海乌托邦Dow Jones Industrial

Average, Nasdaq Composite and S&P 500 – closed up more than 1 percent each Tuesday.

上海乌托邦After Monday’s selloff, the biggest of the year, Tuesday’s rebound of 312 points put the Dow at 26,023.

On Monday, the Dow lost 767.27 points, or 2.9 percent, after US President Donald Trump called China a currency manipulator.

“There is more uncertainty in the global environment,” Usha Haley, the W. Frank Barton Distinguished Chair in In上海乌托邦

ternational Business and a professor of management at Wichita State University, told China Daily. “It does not contribute t

上海乌托邦女神会所o planning or investment in the global economy and doesn’t benefit China or the US. We’re in uncharted territory.”

“Most investors and traders do not find meaningful the designation of currency manipulator and most belie

ve it is unlikely to foster successful negotiations,” Andrew Karolyi, a finance professor at Cornell University, told Ch上海乌托邦

ina Daily. “Fluctuations in the yuan continue to reflect market supply and demand pressures and have for several y

ears. I would not rule out a US-China trade deal before the end of 2019 or early 2020. There are incentives in both co

上海乌托邦女神会所untries to stabilize trade flows and ease the burden of trade policy uncertainty.”

But Trump may be able to use the currency-manipulation charge to his advantage, one expert said.

“Unfortunately, the declaration that China is a currency manipulator can be used by the pr上海乌托邦女神会所

esident as a reason to take further unilateral actions against China,” Steve Charles Kyle, an economics pr

ofessor at Cornell University, told China Daily. “It is clearly bad news for both the USA and China. The USA will see highe

上海乌托邦r prices as tariffs take effect, and China will see fewer exports as the US buys less and also as production moves elsewhere.”

With equity markets roiled and supply chains disrupted, Goldman Sachs now ex

pects the Fed to cut interest rates by at least a quarter- point i女神会所n September and October.上海乌托邦

Trump has frequently called for more cuts in the federal funds rate, which has a target of 2-2.25 percent.

If inflation is close to the Fed’s 2 percent target in December, Goldman Sachs believes rate cuts will stop.

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The new area will facilita上海乌托邦nvestment and cap

capital flows and realize the free flow of goods, according to the plan.

上海乌托邦The area will be built into a special economic function zone with global influ

ence and competitiveness, to better serve the country’s overall opening-up strategy, it says.

上海乌托邦By 2025, the Lingang area will have a relatively mature institutional system of investment and trade liberalization and faci

litation. By 2035, it will be built into a special economic function zone with strong global market influence and co

mpetitiveness, becoming an important platform for the country to integrate into economic globalization.上海乌托邦

The addition of the Lingang area is a major strategic decision made by the Communist Party of China Central Co

mmittee to further opening up, Vice Commerce Minister Wang Shouwen told a press conference Tuesday.上海乌托邦品茶微信

It also demonstrates China’s clear stand to adhere to all-round opening up in the new era an

d an important measure taken to actively lead the healty development of economic globalization, Wang said.

上海乌托邦An institutional system with “investment and trade liberalization at its core” will be established in the area, Wang said.

It will be supported in promoting investment and trade liberalization and facilit

ation, including free flow of investment, trade, capital, transportation and employment, the plan says.上海乌托邦品茶微信

According to the plan, a tax system and policy with international competitiveness will be implemented in the area.

Income tax shall be levied at a reduced rate of 15 percent within five years fro

m establishment for qualified enterprises engaged in manufacturing and R&D in ke上海乌托邦

y fields including integrated circuits, artificial intelligence, biomedicine and civil aviation, says the plan.

China will study and implement subsidy policies for the balance of personal i

ncome tax on overseas talents, and explore tax policy arrangements for pilot fr上海乌托邦品茶微信

ee trade accounts under the prerequisite that they do not lead to tax base erosion and profit shifting, it says.

The area will improve risk prevention and safety supervision and s

et up an open industrial system with global competitiveness, according to the plan.

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The central governmen 上海乌托邦upports the Hong Ko

ng police in strict law enforcement, and stands by HKSAR government agencies and judici

 上海乌托邦ary bodies in handing out punishment to violent criminals according to law, he said.

Yang also said that the principle of “one country, two systems” is the best institu

 上海乌托邦品茶微信ional arrangement for maintaining long-term prosperity and stability in the SAR.

The Democratic Alliance for the Betterment and Progress of Hong Kong — the largest

political party in the Legislative Council — welcomed the Hong Kong and Macao Affairs Office’s remarks. 上海乌托邦

Holding this news conference showed the importance the affairs office attaches to the HKSAR, as well as support for the S

 上海乌托邦AR government and the police force, said the party’s Chairwoman Starry Lee Wai-king.

The central government’s expectations are in line with those of most Hong Kong people, Lee said.

The HKSAR government on Monday strongly denounced escalated and repeate

 上海乌托邦品茶微信d violence by protesters and vowed to give full support to police to strictly enforce the law.

For the first time in the 29-year history of the Fortune Global 500 list, Chinese companies (129) outnumber those from t

he United States (121). This is also the first time that a country other than the US has more companies on the list. 上海乌托邦

Among the 129 Chinese enterprises on the list, 119 are domestic in nature

whose average revenue increased 9.2 percent year-on-year-higher than the average

 上海乌托邦品茶微信revenue growth of Fortune Global 500 companies. These enterprises’ rates of profit and net asset profit were 5.3 pe

rcent and 9.9 percent, up 0.2 percentage points and 1.0 percentage point year-on-year.

The Chinese enterprises have also taken firm steps toward high-quality development. And although they have enc 上海乌托邦品茶微信

ountered some difficulties due to the Sino-US trade frictions and the technological containment measures t

 上海乌托邦aken by the US government and some US enterprises, their growth has continued unabated.

Three major factors are behind the Chinese enterprises’ continuous and rapid development: reform, demand and innovation. China’s supply-side str 上海乌托邦品茶微信

uctural reform has improved the market competition environment, promoted qualitative supply, increased t

he enterprises’ earning power, and enhanced their development potential and momentum.

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erence is held on the d上海乌托邦aper China’s Nation

The white paper gave outer space and cyberspace the same weight as the nucl

ear force in China’s national security, calling them “the major security fields”.上海乌托邦

With its goal of developing outer space for peaceful pur

上海乌托邦品茶微信poses, China actively took part in international cooperation in outer space, it said.

It listed cyberspace security as a “key area for national security, economic growth

and social development” and said China is facing severe security threats from cyberspace.上海乌托邦

Boris Johnson has won the United Kingdom’s leadership election 92,153 vo

tes to 46,656, becoming prime minister and leader of the ruling Conservative Party.上海乌托邦品茶微信

Johnson had been widely expected to win ever since Theresa May, the nation’s outgoing prime minister, announced on May 24

that she was resigning following heavy criticism of her handling of the UK’s exit from the European Union.

上海乌托邦In a short but impassioned acceptance spee

ch, Johnson thanked his leadership opponent Jeremy Hunt and May. He said that the p

arty will “deliver Brexit, reunite the country and defeat” the leader of the opposition Labour Party Jeremy Corbyn.

“That’s what we are going to do,” Johnson sai上海乌托邦品茶微信

d. “We know that we can do it, the people in our country know that we can do it, and I know that we will do it.”

Johnson and Hunt were the last people standing in the leadership battle that had initially involv

上海乌托邦ed 10 hopefuls and was ultimately decided in a postal vote open to the party’s 160,000 members.

Johnson takes over as party leader immediately and will be sworn in as prime minister on Wednesday.

He was an outspoken critic of May and says he will take the UK out of the EU on Oct 31, with or without a deal with the political bloc.上海乌托邦品茶微信

Following the result, May congratulated Johnson and said he will have her “full support from the back benches”.

“Many congratulations to Boris Johnson on being elected leader of the Conservatives-we now need to work togethe上海乌托邦品茶微信

r to deliver a Brexit that works for the whole UK and to keep Jeremy Corbyn out of government,” she wrote on Twitter.

Brexit Party leader Nigel Farage wrote on social media: “I wish Boris Johnson well as Prime Minis

ter with his do or die pledge to deliver Brexit on Oct 31. Does he have the courage to deliver?”

www.shejio.org

David Wang, head of上海乌托邦nomics at Credit Suisse

 said another cut in the reserve requirement ratio — which wi

上海乌托邦ll reduce funds banks keep in vaults and boost lending — may be conducted later this year.

“As the United States Federal Reserve will probably gradually cut interest r

ates and domestic inflationary pressure may ease, China’s monetary policy options are exp上海乌托邦品茶微信

ected to further broaden,” said Cheng Shi, chief economist of ICBC International.

上海乌托邦To support financial reforms, the People’s Bank of China — the cent

ral bank — may refrain from broad-based easing but adopt more structural tools in the

coming months, such as targeted reserve cuts to boost lending to small businesses, Cheng said.上海乌托邦品茶微信

On the fiscal side, policies facilitating debt financing of infrastructure projects may be stepped up, he added.

The country has set a 2.15-trillion-yuan ($312.4 billion) spe

cial local government bond issuance quota to help finance infrastructure projects.

Iris Pang, director of ING in China, said policymakers may even

上海乌托邦roughly double the fiscal stimulus for infrastructure projects to 4 trillion yuan.

This will offset the expected reduction in exports and related supply-chain reloc上海乌托邦

ation activities, securing the GDP growth rate for the second half at 6.3 percent.

上海乌托邦品茶微信
JPMorgan’s Zhu said the economy may slow a bit in the second half but ma

nage to grow by 6.2 percent for the full year, as increased infrastructure investment and stab上海乌托邦

le consumption will counter the drag from exports and manufacturing investment.

上海乌托邦品茶微信
Xue Yi, a finance professor at the University of International Business and Economics in Beijing

, said the debut of the Nasdaq-style tech-heavy STAR Market will also lend support to the economy.

On Monday, the first 25 companies are due to debut on the Shanghai Stock Exchange’s STAR Market.上海乌托邦

“In the second half, the much-anticipated new board is expected to raise public interest i

上海乌托邦品茶微信
n the whole capital market and usher in more funds, thus reducing financing costs for listed firms,” Xue

said, adding that much more of the new board’s boost to the economy will unfold in the long run.

cctif.cn

i said he wants to use t上海乌托邦女神会所 along with K

Kim and other com上海乌托邦女神会所rades from the DPRK to map out plans for bilateral coope

ration, writing a new chapter in the traditional friendship between the two countries.

Xi added that he and Kim are confident about and capable of bringing bil

ateral ties to a stage of new development in the new era to deliver more benefits to the peo

ple from both countries and promote peace, stability and prosperity in the region and the world.

Editor’s Note: President Xi Jinping will pay a two-day visit to the De

mocratic People’s Republic of Korea from Thursday. How should we evaluate the sign

ificance of the visit? Two experts share their views with China Daily’s Pan Yixuan. Excerpts follow:

DPRK not bargaining chip in talks with US

Some argue that China wants to play the “DPRK card” at President Xi’s e

xpected meeting with US President Donald Trump on the sidelines of the G20 su

mmit scheduled for June 28-29 in Japan. Their argument could not be more wrong.

www.lgcrm.cn

On a month-on-month basis, new home prices in Dalia

 and Nanning 上海乌托邦女神会所rose 0.7 percent and 0.9 percent, respectively. On a year-on-

year basis, new house prices in these cities grew 13.2 percent and 11.5 percent, respectively.

Although excluded from the 70 major Chinese cities surveyed by the

National Bureau of Statistics, Foshan and Suzhou also saw a surge in home prices in April.

There are signs that the central government will not change its resolution to control house p

rices, Zhang said, adding that in the future the real estate market will continue to crack down on speculation.

On May 11, Suzhou tightened housing policies further, China Daily earlier reported. The dow

n payment ratio for a family’s first home purchase has been raised from 20 percent to 30 percent.

Newly built property in certain parts of the city cannot be traded for a three

-year period after purchase, and for five years in the case of pre-owned property.

qiancengdian.cn

So by holding lectures, conducting dialogues and screen

ning movies related to the countryside and contributed by guest authors, the region’s local literary legacy can both be re-examined and extended.

Many modern and contemporary works of Chinese literature touch on common rural issues – childhood upbringing, family inheritance and people’s exp

erience of being stuck on the bottom rung of society – that have been rooted in Chinese farming culture for thousands of years.

China’s urbanization has been rapidly progressing to the extent that rural life has become

something unfamiliar to the majority of the population, which is very different from what it was like just three de

cades ago, according to Ge Fei, author and a Chinese literature professor at Tsinghua University in Beijing.

He was rst day of the festival, interpreting what it means to us when rural societies fade away.

qianpadae.com

Students to be vital cogs in travel sectordents born betwe

College students born between 1995 and 2000 are becoming a vital new part of the dynamic travel market in China, with most of th

e young students making their first summer trips after enrolling in colleges, a new study said.

Though the motivation for making tours is relatively high among college students, their choices are

limited due to economic constraints with price being the major criteria for booking flight tickets, said the stud

y conducted by Qunar, an online travel firm owned by Ctrip, China’s largest online travel agency.

During summer vacations, students tend to choose flights that depart b

tween midnight and 2 am, as well as between 5 am and 9 am. The number of bookings of red-e

ye and budget flights is nearly three times higher than other regular flights, the Qunar study said.

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