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d a condemnation of the incident. It is unacceptable that such atrocious acts happened in
the airport, considered among the most popular with tourists internationally, the federation said.上海乌托邦品茶微信
The Democratic Alliance for the Betterment and Progress of Hong
Kong said what the protestors did to Fu was “lynching” and reckless. It has tainted Hong
上海乌托邦Kong’s reputation in the international community, the city’s largest political party said in a statement.
The Federation of Trade Unions, the city’s largest union, also denounce
d the violence, saying that what protestors did was lawless and in defiance of Hong K上海乌托邦
ong’s rule of law, morals and ethics. They bring shame to Hong Kong, the statement said.
The guide, who has been working in Hong Kong for more than 20 years, said to his know上海乌托邦
ledge that this is the first time the airport has shut down for something other than a natural disaster.
He said his income was affected because a large number of tours had been canceled in recent months.
上海乌托邦He said he was worried that the incident would harm Hong Kong’s image as a tourist d
estination, but that he believes Hong Kong remains a safe city and that the unrest is only temporary.
上海乌托邦品茶微信Li Lei, a 30-year-old traveler from Chengdu who was taking a transfer flight in Hong
Kong to the Maldives, said he slept at the airport last night as his flight was canceled.
“I was angry and worried,” he said. “But Hong Kong belongs to China. Chinese people shall not be afraid of standing on Chinese soil.”上海乌托邦
Vice-Premier Liu He spoke by phone with US Trade Representative Robert Lighthizer and Treasur
y Secretary Steven Mnuchin on Tuesday evening at the request of the US, according to the Ministry of Commerce.
China strongly opposed US plans for an additional 10 percent tariff上海乌托邦品茶微信
on $300 billion worth of Chinese goods originally scheduled to start from Sept 1.
The two parties agreed to speak again via phone within two weeks, the ministry said.上海乌托邦
Liu is also a member of the Political Bureau of the Communist Party of China Centr
al Committee and chief of the Chinese delegation in the China-US comprehensive economic dialogue.上海乌托邦品茶微信
Minister of Commerce Zhong Shan, Governor of the People’s Bank of China Yi Gang, and N
ing Jizhe, deputy head of the National Development and Reform Commission, were on the call.
percent year-on-year in the first seven months of the year to 17.41 trillion yuan ($2.49 trillion).
上海乌托邦During the period, China’s trade with the US declined 8.1 percent year-on-year to 2.1 trillion yuan. The Euro
pean Union remained China’s largest trading partner between January and July, with trade volume
up 10.8 percent year-on-year to 2.72 trillion yuan, followed by ASEAN, up 11.3 percent to 2.35 trillion yuan.上海乌托邦女神会所
Convicts on death row soon will be able to meet not only with their close fami
上海乌托邦ly members but also with other relatives or friends, according to a new guideline rel
ased by the top court on Friday to better protect the rights and interests of those to be executed.
China’s Criminal Procedure Law has permitted death convicts to have contact with their close family members such as a spo上海乌托邦女神会所
use and children before execution, but starting Sept 1, when the guideline takes effect, thos
e about to be executed may also meet with other relatives or friends with a justifiable reason.
上海乌托邦Ni Jianjun, deputy head of the international economics department wi
th China Institute of Contemporary International Relations, said it is possible that Ch
ina can find other markets besides the US to purchase agricultural products, but it may take much time.上海乌托邦女神会所
Hua Changchun, an analyst with Guotai Junan Securities, said the biggest impact of the planned new tariffs o
n the US will be inflation, and it will cause urgent need for the US to find new sources of good suppliers.
上海乌托邦Hua said even though the US planned tariffs targeting Chinese goods will reduce China’s e
xports, US importers also need to bear tariffs and seek new import suppliers from other countries, wh
ich is costly and troublesome. Ultimately, these effects will be reflected in the costs o上海乌托邦女神会所
f US companies’ operation and consumer consumption, creating cost-driven inflation, Hua said.
Chief Executive Carrie Lam; Tung Chee-hwa, vice-chairman of the Chinese People’s Political C
上海乌托邦女神会所onsultative Conference National Committee; Wang Zhimin, director of the Liaison Office of
the Central People’s Government in the HKSAR; Xie Feng, commissioner of the Ministry of Foreign Affairs of the P
e上海乌托邦ople’s Republic of China in the HKSAR; and Cai Yongzhong, political commissar of the PLA Hong Kong Garrison.
Earlier this week, a spokesman for the Hong Kong and Macao Affairs Office of the State Council, the nation’s t
上海乌托邦女神会所op Hong Kong affairs authority, stressed Hong Kong’s priority is to punish those engaged in violent acts. He appealed to
people from all walks of life in Hong Kong to reject violence and stand firm in defense of the rule of law.
US Federal Reserve on Wednesday lowered interest rates for the first time since the 2008 global financial crisis,上海乌托邦女神会所
amid rising concerns over trade tensions, a slowing global economy and muted inflation pressures.
The Federal Open Market Committee (FOMC), the Fed’s rate-setting body,
上海乌托邦trimmed the target for the federal funds rate by 25 basis points to a range of 2 perc
ent to 2.25 percent after concluding its two-day policy meeting, in line with market expectation.
“Through the course of the year, weak global growth, trade policy uncertai
nty, and muted inflation have prompted the FOMC to adjust its assessment of the app上海乌托邦女神会所
ropriate path of interest rates,” Fed Chairman Jerome Powell said at a press conference Wednesday afternoon.
Despite strong job growth and solid consumer spending, the cen
上海乌托邦女神会所tral bank chief pointed out that manufacturing output has declined for two consecutive qua
rters, business fixed investment fell in the second quarter, and domestic inflation shortfall has continued.
“The Committee moved from expecting rate increases this year, to a上海乌托邦
patient stance about any changes, and then to today’s action,” Powell said.
“It’s primarily about risk management and a recalibration in response to rising ri
上海乌托邦女神会所sks associated with global growth and trade tensions,” Tim Duy, professor at the Uni
versity of Oregon and a Fed expert, wrote in a Bloomberg opinion piece earlier this week.
Shanghai has good conditions for conducting consultations,” Gao said, without elaborating.
上海乌托邦女神会所US Treasury Secretary Steven Mnuchin and Trade Representative Robert Ligh
thizer will meet with Chinese Vice-Premier Liu He to continue negotiations aimed at i
mproving the bilateral trade relationship, the White House said in a statement on Wednesday.上海乌托邦女神会所
China will never seek hegemony, expansion or spheres of influence, and the People’s Libera
上海乌托邦tion Army will continue to develop its capability with a “reasonable and appropriate” budget to protect n
ational interests and world peace, a defense white paper published on Wednesday said.
The white paper, on China’s national defense, published by the Informa上海乌托邦
tion Office of the State Council, is the 10th of its kind since 1998 and the first compr
上海乌托邦女神会所ehensive one since the 18th National Congress of the Communist Party of China in 2012.
“The development of China’s national defense aims to meet its rightful se
curity needs and contribute to the growth of the wo上海乌托邦女神会所rld’s peaceful forces,” the paper said.
“History proves and will continue to prove that China will never follow the beaten track of big powers seeking hegem
上海乌托邦ony. No matter how it will develop, China will never threaten any country or seek any sphere of influence.”
Senior Colonel Wu Qian, a spokesman for the Ministry of National Defense, said the上海乌托邦女神会所
PLA has expanded its global outreach via cooperation and humanitarian mission
s, but such a trend is not at odds with China’s commitment to following the path of peaceful development.上海乌托邦
“The PLA stepping onto the world stage is to effectively protect China’s overseas interests
and provide more public security services in adherence with common expectations of the interna
tional community,” he said. “In other words, the PLA brings security, not threat; opportunity, not challenge to the world.”
It received dozens of high-quality papers on Zhaojun culture and att
上海乌托邦女神会所racted the attendance of a large number of academics from all over the country.
During the meeting, the Chinese Association of Ethnology Study awarded certificate上海乌托邦
s to the experts, and the Institute for Harmonious Culture of Hebei Province donated books to the forum.
上海乌托邦Ma Ji, chairman of the Zhaojun Culture Research Branch of the Chinese Association of Ethnology Studies, said that Zh
aojun culture has in recent years been attracting the interest of more and more people.上海乌托邦女神会所
Ma said that the forum provided a platform for researchers to exchange ideas o
n Zhaojun’s culture and promoted the development of the tourism industry in Inner Mongolia.
上海乌托邦After the forum, experts visited Zhaojun Museum.
Founded in 2008, the Zhaojun Culture Research Branch of Chinese Association of Ethnology Studies plays a significant rol
e in researching and publicizing Zhaojun culture. Currently, it has more than 800 members.上海乌托邦女神会所
The Chinese Minority Groups Ancient Books and Treasures Exhibition opened on July 5 at the Inner Mongolia Art M
上海乌托邦useum in Hohhot, capital of North China’s Inner Mongolia autonomous region. The event is hosted by the Nati
onal Research Office for Ancient Books of Minority Groups under the State Ethnic Affairs Commission (SEAC).
Since its launch in 2016, the exhibition has been held in Nanning, Guangxi Zhu上海乌托邦女神会所
ang autonomous region; Urumqi, Xinjiang Uygur autonomous region; Kunm上海乌托邦
ing, Yunnan province; Beijing; Lijiang, Yunnan province; and Chengdu, Sichuan province.
Over 60 original documents from ancient books were exhibited, and more than 2,000 a
上海乌托邦ncient books with academic value that were collected and published by a number of
provinces and regions over the past 30 years will also be showcased. The exhibition will run until July 15.
The exhibition is meant give audiences a feel for ancient Chinese civilization, raise awareness of th上海乌托邦女神会所
e importance of protecting ancient books, promote ideological and cultural exchanges am
上海乌托邦女神会所ong a variety of minority groups, build a strong sense of community among the Chinese
people, and consolidate the socialist values of equality, solidarity, mutual assistance, and harmony.
ccidentally discovered that baijiu from his hometown, a small village in
Lichuan city, Hubei province, was popular with some consumers in first-tier cities.上海乌托邦品茶微信
Fu Lei, product manager at Yefu Academy Cultural and Creative Industries Co, said: “Yefu’s mother used to work in a baijiu distillery, so he has a s
上海乌托邦品茶微信pecial interest in baijiu and likes drinking and collecting baijiu products. He misses products from his childhood a
nd has mentioned many of them in his stories, including the local vegetables, tea and alcohol.”上海乌托邦
The baijiu brand Wuximan was first presented as a gift to people who bought other local products, but the
上海乌托邦品茶微信number of repeat purchases of the drink rose unexpectedly. The company then started sell
ing it online or through Yefu’s personal social media platforms to his followers at 99 yuan a bottle.上海乌托邦
With artistic packaging featuring his poetry and lyrics on a terrazzo bottle, the brand was produced by a small workshop in Yefu’
上海乌托邦品茶微信s village from mountain spring water and pure red sorghum. On good days, more than 100 bottles a day are sold.
Fu said: “Baijiu is a niche market and consumers mainly come from big cities, where there are either
expensive high-end brands or low-end ones. It is not easy for people to obtain pure-grain baijiu,上海乌托邦
and we try to sell them good-quality original products that are reasonably priced.”
上海乌托邦Ardoin, from Alltech Beverage Division China, said the Chinese ma品茶微信
rket is evolving much faster than elsewhere, and innovation is the key to survival.
“Chinese consumers like completely different flavors to those in Euro上海乌托邦
pe or the US, and they are far more open-minded about trying something new,” he said.
Vice-Premier Liu He had a phone call with US Trade Representative Robert Lighthizer and Treasury S上海乌托邦品茶微信
ecretary Steven Mnuchin on Thursday evening, the Ministry of Commerce said in a statement Friday.
上海乌托邦Liu is also a member of the Political Bureau of the Communist Party of China Central Comm
ittee and chief of the Chinese side of the China-US comprehensive economic dialogue.
They exchanged views on implementing the consensus reac上海乌托邦品茶微信
hed by the two heads of state in Osaka, as well as the next round of trade talks.
Minister of Commerce Zhong Shan attended the call.
not repeat its mistakes or even “play with fire” over the is
sues, Wang said, warning it against attempts to create new trouble for Sino-US ties.上海乌托邦品茶微信
Ma Xiaoguang, spokesman for the State Council Taiwan Affairs Office, sa
上海乌托邦id the transit is an attempt by Tsai and the Democratic Progressive Party to use fore
ign forces to challenge the one-China principle and disrupt cross-Straits peace and stability for political purposes.上海乌托邦品茶微信
No forces should underestimate China’s determination and ability to s
afeguard its national sovereignty and territorial integrity, Ma said in a news release.
上海乌托邦The Democratic Progressive Party has ignored the safety and wellbeing of
the people of Taiwan and has misjudged the situation by courting foreign support and s
erving as a pawn for foreign intervention in China’s domestic affairs, Ma said.上海乌托邦
China has sufficient policy tools and new measures to further optimize its fo
上海乌托邦品茶微信reign trade structure and deepen ties with new markets, especially those involved in the Be
lt and Road Initiative, in the second half of the year, a senior customs official said on Friday.
“We face a series of challenges in achieving stable foreign trade growth,” said Li K上海乌托邦
uiwen, spokesman for the General Administration of Customs, at a news briefing.
He made the comment after customs released the country’s trade dat上海乌托邦
a for the first half of the year. Foreign trade increased by 3.9 percent year-on-year, tot
上海乌托邦品茶微信aling 14.67 trillion yuan ($2.16 trillion), with exports growing by 6.1 percent year-on-year. Imports rose 1.4 pe
rcent, and the country’s trade surplus widened by 41.6 percent year-on-year to hit 1.23 trillion yuan during the same period.
Last year, foreign trade in the first half grew by 7.9 percent year-on-year, with exports rising 4.9 percent and imports up 11.5 percent.上海乌托邦
“The sector remains quite resilient” against the headwinds of Sino-US trade disputes and slowing global economic growth, he said.
Li also said that Sino-US trade frictions have had some impact on t上海乌托邦
he country’s foreign trade, but the impact is “largely controllable”. “Our foreign trade as a who
le continued to expand as the world remains optimistic about the potential of the Chinese market,” he said.
Herd instinct is the human nature to follow the crowd and act collectively – and market expectation always does not change smoothly but t
上海乌托邦ends to over-react to new information. The current market expectation of the US Federal Reserve’s rate cuts is a case in point.
On June 20, the latest meeting of the Fed’s policy-setting Federal Open Market Committee shrugged off the market’s high expectation of rate cuts and gave no clear policy signal confirming a cut.
We believe the market had overreacted in forming its expectation of rate cuts after the Fed swiftly adopted a dovish tone from the end of last上海乌托邦
year. Specifically, we believe market expectation – it has formed since May – of a change in policy stance, as well as the timing and degree of rate cuts, may not fully materialize.
We will elaborate on this now. It should be noted the misconceived expectation of Fed rate cuts could ind上海乌托邦
uce a drastic reversal in investor sentiment and asset price fluctuations, if the Fed’s moves miss expectation.
Firstly, the market may have overestimated the degree of the Fed’s policy stance change. A clear rate cut signal may not emerge until the end of this month.上海乌托邦
According to Bloomberg, the Fed funds futures market has recently priced in a 98.5-percent chance that the Fed will lower rates at least once this year.
上海乌托邦品茶微信However, the Fed’s earlier forward guidance only indicated the end of monetary policy n
ormalization, which does not necessarily point to the beginning of a rate cut cycle. Also, the Fed h
as removed the word “patient” from the latest FOMC meeting statement but did not confirm a rate-cut stance.
We believe that because of the following two reasons, the Fed is still on cautious lookout, and t
here will not be any clear rate cut signal or plan until the next FOMC meeting at the end of this month.上海乌托邦品茶微信
Externally, the Fed is expected to stand pat until trade dispute uncertainties ease, to give itself an advantage in its game with the US Administration.
The Fed would put itself in an unfavorable position if it initiated a rate cut before majo上海乌托邦品茶微信
r uncertainties over the China-US trade dispute are removed, because the pre-emptive move may enc
ourage the US Administration to escalate the trade dispute, which will in turn pose a dilemma to the Fed.
That’s because any escalation in trade tensions will, on the one hand, d
ssipate and even offset the easing boost from rate cuts and force the Fed to accelerate the上海乌托邦品茶微信
rate cut pace. On the other hand, the escalation could further fuel imported inflation, which will significantly reduce the
Fed’s room for rate cuts. The Fed will then face a policy-making dilemma of whether to further cut rates.
hing is especial上海乌托邦女神会所ly problematic in threatening to turn a trade war into a protracted and destru
ctive economic cold war,” Roach said. “Now, more than ever, a fragile world is in desperate need of political will and wisdom.”
Discussions between the Chinese and US trade teams are underway, said Vice-Minister of Commerce Wang Shouwen on Monday.
Speaking at a news briefing, Wang said China supports necessary reform in the World Trade Organization to promote its authority and efficiency.
“We hope the G20 summit could further build positive consensus on advocating for the
multilateral trading system and opposing unilateralism and protectionism.”
The country will stick to open policies, building a free, fair, nondiscri
minatory, transparent, foreseeable and stable trade and investment environment, Wang said.