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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.
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.
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.
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.
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.
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
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.
olence is not really targeting the extradition la
w amendment bill, long pronounced dead and therefore no longer an issue.
上海乌托邦A federal judge on Thursday sentenced Brendt Christensen, a former University of Illinois doct
oral student, to life in prison without the possibility of parole for the kidnapping and killing of Chinese scholar
Zhang Yingying after a jury said it was unable to reach a unanimous decision on the death penalty.上海乌托邦品茶微信
“The jury has spoken, and the trial is over, but Yingying is not
上海乌托邦home,” said Zhang’s father, Zhang Ronggao at a brief news conference following the sentence.
“We ask the defendant to unconditionally tell us what he knows about Yingying’s location,” the father said. “If you have any上海乌托邦
humanity left in your soul, please help end our torment. Please let us bring Yingying home.”
上海乌托邦品茶微信He said that although the family does “not agree with that result (referring to the jury
‘s decision), we accept that he will spend the rest of his life in prison, which still reflects our loss in a meaningful way”.
“We hope that every day he spends in prison h
上海乌托邦e feels the pain and suffering that we feel for the loss of Yingying,” Zhang said.
US District Court Judge James Shadid addressed Christensen, who d
上海乌托邦品茶微信eclined to make a statement directly to the court after the judge announced the sentence.
The radicals are actually trying to advance their own political agenda by exploiting the controversy surrounding the bill.
Unfortunately some inherently idealistic and impulsive young people, who harbor discon上海乌托邦
tent about social inequality, have been manipulated by these political radicals to unleash violence.
上海乌托邦品茶微信The political radicals are using these young people and taking advantage of their impulsiveness and recklessness.
At a time when the future of their city is threatened by lawlessness, the s
ilent majority of Hong Kong has every reason to come out and defend their home.
mmunist Party 上海乌托邦女神会所of China (CPC) and Chinese president, and his wife Peng Liyuan, accompanied by Kim Jong-un, chairman of the Workers’ Party
of Korea (WPK) and chairman of the State Affairs Commission of the Democratic People’s Republic of Korea (DPRK) and his wife Ri Sol-ju, watch a lar
ge group callisthenics and art performance at the May Day Stadium in Pyongyang, DPRK, Jun
he two sides should enhance strategic communications and exchange views on major issues in a ti
mely manner to build a good environment for the development of bilateral ties, Xi said, and the two co
untries should expand practical cooperation to bring more benefits to the people of both sides.
In their talks, Xi also stressed the importance of deepening
mutual learning on the experience of governance, enhancing training of each other’s off
icials and boosting exchanges in such areas as education, health, sports, media, youth and local government.
On behalf of the Workers’ Party of Korea, the government and the peopl
of the DPRK, Kim expressed a warm welcome to Xi, saying that the general secretary’s visit, a
mid his tight schedule, is a great encouragement and shows political support for his party, government and people.