Hufbauer also said that 上海会所ere is a trickle, not a floo

of departures” of foreign companies to other countries, adding that reworking their supply chains in China or exiting is costly.

Foreign Ministry spokesman Geng Shuang said on Tuesday that the US allegation tha 上海会所品茶微信

t China wants to make a deal because of an economic slowdown is “entirely misleading”.

 上海会所”China is not the only one that wants to conclude a trade deal. The US wants it, too,

” Geng said at a regular news conference. “American people, especially consum

ers, strongly oppose the trade war and the additional tariffs on Chinese goods. Their voice speaks volumes.” 上海会所品茶微信

Stephen Roach, one of Wall Street’s leading authorities on Asia,

 上海会所suggested in an interview that China is in no rush to cut a trade deal with the US.

“I think they’re going to stay cautious on moving aggressively to cut a deal out of the fear of a weak e

conomy, as President Trump would like us to believe,” he said Monday on CNBC’s Trading Nation. 上海会所

The senior fellow at Yale University said he was in China last week

 上海会所品茶微信 and the general sense was that the economy was slowing in the manufacturing sector.

“The larger, more rapidly growing services sector was likely to provide a source of resilience,” he said.

China’s services sector, which contributed 54.9 percent to the country’s total GDP, rose 7 percent in the first half, surpa 上海会所

ssing a 3 percent increase in primary industry and a 5.8 percent rise in secondary industry, officials said on Mon

day. Primary industries extract raw materials, while secondary industries make products from those materials.

 上海会所品茶微信Simon Lester, associate director of the Herbert A. Stiefel Center for

Trade Policy Studies at the Cato Institute in Washington, said, “I don’t think the latest Chi

na GDP numbers have changed the calculation for either side in how to approach the current trade war.” 上海会所

Craig Allen, president of the US-China Business Council, said that in a global eco

nomy where nations are interconnected, any slowdown in China’s econ 上海会所品茶微信

omy will have global implications, including for US exporters and investors in China.

boervon.cn

Already, opposition t上海会所gton-triggered tra

 war is intensifying within the US. For example, the US Chamber of Commerce – one of the country’s most powerful bu

上海会所siness lobbies – has called for the reversal of all tariffs imposed over the past two years.

The effects of the trade war have already spread to cross-border investment

. In recent years, rising Chinese production costs have driven many foreign enterp上海会所女神会所

rises – and, increasingly, even Chinese enterprises – to relocate their operations to lower-cost countries such as

Vietnam and Thailand. The trade war is accelerating this process. According to the Vietnamese government, inward for

上海会所eign direct investment increased by nearly 70 percent year-on-year in the first five months of 2019, the highest such i

ncrease since 2015. Meanwhile, the growth of US investment in China is slowing.上海会所女神会所

Essential to improve investment environment

上海会所The US administration wants American companies to leave China. It is u

p to China to persuade them to stay. That means improving the local investment envi

ronment, including responding to foreign companies’ justifiable complaints – say, by strengthening intellectual p上海会所

roperty rights protection – and, more broadly, better adhering to World Trade Organization rules.

But the pressure on China does not end there. The US is also eager to exclude the count

上海会所女神会所ry’s high-tech companies from global value chains. Trump recently announced that he would allow US co

mpanies to continue to sell to Chinese high-tech giant Huawei, after a months-long campaign against the company. But it r

emains highly unlikely that the US administration – which reversed a similarly aggressive policy toward sm

artphone company ZTE last year – will abandon its efforts to strangle China’s high-tech industries.上海会所女神会所

China has three options. First, it could accede to US pressure to disengage from global value chains. Second, it could remain

committed to integration, hoping that, thanks to existing interconnections, sanctions on Chinese high-tech com上海会所

panies will also hurt their US counterparts (such as Qualcomm) enough for the US administration to back d

上海会所女神会所own. The third option is to focus on supporting domestic high-tech companies’ effo

rts to strengthen their own positions within global value chains and develop contingency plans.

www.ashchc.com

Located at the apex of th上海会所dong-Hong Kong-Maca

o Greater Bay Area, which aims to be a world-class technological hub, SSGKC will play a key role in cr

上海会所eating an innovation platform for the coordinated development of the cities in the region. Officials said it can be smoothly con

nected with the business environments of Hong Kong and Macao and promote multilateral economic collaborations.上海会所品茶微信

Of particular interest, the local government said it aims to build a data exchange center and a technological innovation park for the greater bay area.

As the country’s only pilot zone for intellectual property applications and protection, SSGKC will provide compr

ehensive services to protect the achievements of companies and facilitate their patent applications. Meanwhile, it pla上海会所

ns to build an International IP Exchange Center for the Belt and Road Initiative, the local government said.

“One of the main reasons that overseas resources and companies are choosing to cooperate with the knowledge city or settle do上海会所品茶微信

wn here is that SSGKC is relentless in its efforts to be as good as its global counterparts in terms of IP pr

上海会所otection,” said Yu Long, president of Sino-Singapore International Joint Research Institute.

More than 80 IP-related organizations and institutes are located in SSGKC, including the IP

Court of Guangzhou, one of the patent examination centers of the China National Intellectual Property Ad上海会所品茶微信

ministration and the first overseas representative office of the Intellectual Property Office of Singapore.

上海会所Li Lietao, co-founder and board chairman of Lion TCR Pte, a renowned clinical-stage biotechnolo

gy company in Asia, said his decision to move the company from Singapore to SSGKC two years ago has been proven wise.

He said he was attracted by the familiar planning of SSGKC, which, in上海会所品茶微信

itially based on the planning idea of Liu Thai-Ker, former master planner of Singapore, has be

en developed into a naturally harmonious community on the 123-square-kilometer plot.

funhorsy.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

She said whoever as上海会所品茶微信rship should be stro

strong and popu上海会所品茶微信lar enough and able to connect with European citizens

who showed the highest turnout in 20 years in the elections for the European Parliament in late May.

“They should be able to work in an efficient manner with world leaders and be strong enough to galvani

ze worldwide support. We live in a very challenging world, and Europe needs strong and effective leadership,” Islam said.

There have been major disagreements between leaders of the two major member states. German Chancellor Angela Merkel favors the process of lead candi

date, known as Spitzenkandidaten in German. She supported Manfred Weber, the lead candidate of the center-ri

ght EPP, the largest bloc in the European Parliament, a bloc of which Merkel is a member.

But French President Emmanuel Macron and some other EU leaders oppose Weber to replace Jean-Claude Juncker as president of European Commission.

exstorm.org

inopec establish joint venture with Russian companie

hina Petrole上海会所品茶微信um and Chemical Corp, the world’s larg

est refiner by volume, has agreed to establish a joint venture with Russia’s Novatek and Gazp

rombank to market natural and liquefied natural gas (LNG) in China, Sinopec said on Thursday.

The agreement, which aims to sell LNG produced by Novatek in the Arctic, was signed fo

llowing talks in Moscow between Russian President, Vladimir Putin, and Chinese President, Xi Jinping.

The agreement will be of considerable economic and social benefit an

d will further diversify China’s natural gas imports, while meeting ever-increasing ga

s demand in the country, said Dai Houliang, China Petrochemical Corp president.

www.aaart.org.cn

Li’s restaurant isn’t the only one to feature “isolated dining” Eater

ries boasting the concept, which originated in Japan, have sprung up in many cities includi

ng Shanghai, Xi’an, capital of Shaanxi province, and Shenzhen and Guangzhou, both in Guangdong province.

Kong Yanling is a big fan of singles-friendly restaurants. The 25-year-old unattached Xi’an res

ident remembers passing a Korean-style chicken restaurant a few years ago and deciding to drop in.

However, the waitress at the door told her the restaurant only served large, shared platters. Kong took the hint and left.

She has also found herself dining with strangers involuntarily when waiters have asked if she minded other people sharing her table.

“I don’t mind eating alone, but sometimes things like that really bugged me. I am ve

ry happy to see more singles-friendly restaurants appearing so there is more choice when eating out,” she said.

www.pLaycruises.net

The move followed a State Council decision in April to es

tablish a policy framework for applying a fairly low RRR for small and medium-

sized banks in a bid to lower financing costs for MSEs.

Home prices in 70 major Chinese cities continued to stabilize despite slight increases in April, official data showed Thursday.

New home prices in four first-tier cities — Beijing, Shanghai, Shenzhen and Guangzhou — increased 0.6 percent month

on month in April, up from the 0.2-percent increase in March, said the National Bureau of Statistics (NBS) in a statement.

New home prices climbed 0.8 percent in 31 second-tier cities, and rose 0.5 percent in 35 third-tier cities.

As for resold homes, prices in the four first-tier cities reported a 0.4-percent growth mo

nth on month, while those in 31 second-tier cities went up 0.6 percent, narrowing from the 1.2-percent increase in March.

qiancengdian.cn

Over the years, many people have been calling for hotels

 not to provide disposable daily necessities. But some customers say not providing the items would cause them inconvenience.

A latest survey by Ctrip.com shows that more than 80 percent of clients back hotels not providing disposable daily necessities.

Beijing’s Yanqing district plans to help more than 20,000 primary and secondary scho

ol students master skiing and skating skills over the next three years, a move designed to spur enth

usiasm among the district’s residents for the Beijing 2022 Winter Olympic Games and beyond.

Set to run from Feb 4 to 20 in 2022, the Winter Olympics will be held in Beijin

g and co-host city Zhangjiakou in adjacent Hebei province in less than 1,000 days.

Yanqing, 74 kilometers northwest of central Beijing, will host several events, including Alpine skiing, bobsled, skeleton and luge.

boervon.cn

More nurses sought to treat elderly population

Health authorities will redouble their efforts to train nurses in eldercare as the

proportion of older people in the popula

tion expands and tens of millions of

people struggle with disabilities, a senior health official said on Wednesday.

Jiao Yahui, deputy chief of medical administration and supervision at the Nation

al Health Commission, said there are not

enough nurses to cope with the growing needs of the country’s elderly.

A regulation on the training of healthcare workers and standards of service is being drafted.

It is expected to boost the number of nurse’s aides, Jiao said ahead of

International Nurses Day on Sunday.

The nurse’s aides will complement the work of full-fledged nurses to meet the demand for services for the elderly, she said.

www.ypqsr.cn