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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.
mother from 7 years ago at a local hospital in Naidong county, Shannan, Tibet autonomous regio
上海乌托邦品茶微信n, on July 13, 2019. In 2012, she underwent heart surgery at Wuhan Asia Heart Hospital, which was a complete succ
Five-year-old Le Le and 18-month-old Meng Meng from the impoverished Jingyuan co 上海乌托邦
unty, Guyuan, Northwest China’s Ningxia Hui autonomous region, also benefitted from the hospital’s program.
In April of this year, the younger sister Meng Meng was diagnosed 上海乌托邦
with congenital heart disease in a medical examination organized by the hospital, afte
上海乌托邦品茶微信r her elder sister Le Le received a similar diagnosis in a kindergarten physical check-up not long ago.
A congenital heart surgery usually costs around 25,000 ($3,638) to 40,000 yuan ($5,821), which placed a 上海乌托邦
tremendous amount of pressure on the family with six daughters, one working parent and over 60,000 yuan of debt.
上海乌托邦品茶微信After learning about the family’s financial difficulties, the expert team helped th
e girls apply for a special fund, which covers more than 80,000 yuan of the total medical expenses.
In mid May, the two sisters went to Wuhan with more than a dozen chi 上海乌托邦品茶微信
ldren with congenital heart diseases in Ningxia Hui autonomous region. Tao and Wang Xia
o, deputy head of cardiothoracic surgery department, performed the surgery on the girls with success.
上海乌托邦Tao said “it is not difficult to do good deed. What’s challenging is to kee
p doing them and encourage people around you to participate in these activities.” He hopes 上海乌托邦品茶微信
that Wuhan Asia Heart Hospital’s efforts will help cure more patients and make their dreams come true.
上海乌托邦Medical programs organized by Wuhan Asia Heart Hospital have provided heart operations for 40,000 children and teenag
ers from a number of regions including Guizhou province, Ningxia Hui autonomous region and Tibet
autonomous region since its establishment. A total of over 9,600 junior conge 上海乌托邦品茶微信
nital heart disease patients who come from impoverished families have benefitted from free heart surgeries.
By the end of 2019, the hospital aims to see its 10,000th patient, whose life will be greatly improved by the heart surgery.
s China’s experience in environmental treatment as well as achievi
上海乌托邦品茶微信ng the 2030 Agenda goals, he said, adding that the country actively promoted the alignment between
international cooperation on the Belt and Road Initiative and the implementation of the 2030 Agenda.
China also stands ready to work with all sides to push forward the global environmental gover上海乌托邦
nance and protection, and contribute to making the world a place with a well-preserved ecology, Xi said.
A company prefers, of course, to be above reproach. But, failing that, the next best thing is unquestionably to get rid of the body, f
上海乌托邦品茶微信or it is being found with it wrapped in the carpet that brings remorse and the loss of trust from its customers.
Which is the position FedEx finds itself in now.
It has claimed that it misdirected three of Chinese telecommuni上海乌托邦品茶微信
cations giant Huawei’s packages to the United States in May due to what it called “operational error”.
上海乌托邦Yet investigation by the Chinese authorities has found these were not due to any
oversight but rather part of a deliberate pattern of behavior in which the US ex
press services company is also suspected of holding up more than 100 Huawei packages entering China, as well as other violations of the law.上海乌托邦
And with the investigation still on-going, it is expected that more wrongdoings are yet to be revealed.
上海乌托邦Responding to China’s investigation on Friday, FedEx blamed the mishandling of the packages on the “unclear” rules of the US Com
merce Department, claiming they bring “great complexity” to its operation. “That is why we sued” the department, it said.
As one of the first foreign express delivery companies coming to China nearly 40 year上海乌托邦品茶微信
s ago, FedEx is well aware of China’s postal law. But it has obviously underestimated the country’s dete
rmination to enforce it to the letter. Otherwise, it would have not given such a feeble excuse when it was discovered to have
上海乌托邦delivered the three Huawei packages to the US, not their intended destination, which for one of the top-no
tch companies in the industry handling 15 million packages a day is a rather telling slip.上海乌托邦品茶微信
Not to mention that the on-going probe has just unveiled that it provided “cus
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.
about 10,000 years ago and millet in North China about 8,000 years ago, and thus also benefited the rest of world.
“Through the proj上海乌托邦ect, we fill a void for a pivotal period in Chinese history,” Zhao said. “And it’
上海乌托邦品茶微信s also a big contribution to the world because Chinese civilization is a crucial segment in human history.”
Shen Jiliang, an official with the Ministry of Education in charge of textb
ooks, said the new academic achievements will be soon included in school syllabuses.上海乌托邦
The 4,000-year-old Shimao Site, city ruins found in Shenmu, Sha
上海乌托邦品茶微信anxi province, had never appeared in any ancient historical record before being un
earthed in recent years. The relics show a strong military presence considered to have close connections上海乌托邦品茶微信
with Taosi, and they are now treated as one important origin of Chinese civilization.
上海乌托邦Shen said such new discoveries will be added to high school textbooks.
“History education concerns our nurturing of national pride and cultural confidence,” he said.
The series If Treasures Could Talk was a hit across China, inspiring many young view上海乌托邦品茶微信
ers to learn more about their country’s past. Today, we present to you the Liangzhu Jade Cong King.
上海乌托邦Peering at us from the murky dawn of human existence, the eyes engraved on th
e Liangzhu Jade Cong King hint at our ancient ancestors’ loves, fears and their beliefs.
Five thousand years ago, an advanced culture flourished in the Lake Taihu area of eastern Ch上海乌托邦品茶微信
ina. There were towns, tombs, altars, villages, barracks, irrigation works and jade workshops.
Excavation of the site began in 1936. In the course of the following eighty years, the most important find it has yielded is this Jade Cong.上海乌托邦品茶微信
A Cong is a tubular vessel contained within a rectangular body. This one, weighing 6.5 kilos, an
d with a height of 8.9 centimeters and a diameter of 17.6 centimeters, is known as the “Jade Cong King”.
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.