The two countries sh上海419品茶微信nce cooperation on

Sino-US leaders’ 上海419品茶微信meeting on the sidelines of gathering in Japan expected to ease tensions

Pres上海419品茶微信ident Xi Jinping’s upcoming trip to Japan for the G20 Summit will reinforce international consensus on upholding multila

teralism and an open economy amid rising protectionism that looms large over the global economy, observers said.上海419品茶微信

They said Xi’s upcoming meeting with United States President Donald Trump on the上海419品茶微信

sidelines of the summit could also de-escalate bilateral trade tensions between the world’s two largest economies.

上海419品茶微信Xi will be in Japan from Thursday to Saturday to attend the 14th G20 Summit in Osaka at the in

vitation of Japanese Prime Minister Shinzo Abe, Foreign Ministry spokesman Lu Kang said on Sunday.上海419品茶微信

President underlines two-way cooperation, strategic coordination

China and Turkey should enhance mutual strategic trust and respect each other’s core interests

and major concerns on such issues as sovereignty, independence and territorial integrity, President Xi Jinping said on Tuesday.

Xi made the remark while meeting with Turkish President Recep Tayyip Erdogan at the Great Hall of the People in Beijing. Previously, Xi hosted a welcoming ceremony for Erdogan.

Erdogan said that Turkey firmly supports the one-China policy, and that it is a fact that the people of all ethnicities in Xinjian

g are leading a happy life amid China’s development and prosperity. Turkey will not allow anybody to sow dissension among the two countries, he said.

Noting that both China and Turkey are important emerging markets and developin

g countries, Xi said it is of great significance for them to enhance strategic cooperation.

The two countries also should strengthen strategic coordination, consolidate the politica

l foundation of the China-Turkey strategic cooperation and cooperative relationship, a

nd ensure that the bilateral relations always operate on a healthy and stable track, Xi said.

China appreciates that Erdogan has reaffirmed his commitment many times to not allow any forces to carry out anti-Chinese or separatist activities in Turkey, Xi said.

China attaches great importance to Turkey’s stance of supporting China’s fight against te

rrorism, Xi said, adding that China would like to enhance their anti-terrorism cooperation.

Xi said the two sides should enhance connection of development strategies and deepen practical cooperation. Hailing Turkey as an important partner for join

tly building the Belt and Road, Xi said that China would like to speed up connecting the Belt and Road with Turkey’s Middle Corridor plan, and pro

mote the cooperation in areas including trade, investment, science, energy, infrastructure and major projects.

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She also said that 9 上海419论坛ish companies are

e small and medium-sized enterprises, many of which are family businesses and contribute the greater part of the country’s GDP.

“上海千花网Poland is known worldwide for the q

uality of its food, such as apples and milk, which are already available on the Chinese m

arket. We believe that Chinese consumers will be more open for new tastes of Polish food in the near future,” Skoczek said.

He said the CISMEF is an international event which features the highest level, largest scale and most wid

e-ranging influence in the Asia-Pacific region and specially serves SMEs. Over the past 13 years, 16 countries and international organizations in Asia, Europe, Oceania, America (North上海千花网

America and South America) and Africa have been invited to host the exhibition, with its international influence growing year by year.

The 14th CISMEF will feature South Africa and the United Nations Industrial Development Organization (UNI

DO). With an exhibition area of more than 1,000 square meters, South Africa will appear with more than 70 characteristic enterpris上海千花网女神会所

es in industries such as agriculture, and services, to promote and present distinctive local products, industrial investment environment and cultural customs. UNIDO will set up

a special promotion area in the International Hall to popularize the knowledge of industry, and provide technical support and projects needed by SMEs.上海千花网

Currently, 31 countries, regions and organizations have confirmed their participation and booked 1,028 booths, including South Africa,

UNIDO, Egypt (first time), Malaysia, Thailand, Cambodia, Myanmar, Greece, the UAE, the United Nations Office for South-South Cooperation, Japan, Poland, Sri Lanka, Russia, Sou

th Korea, Vietnam, Bulgaria, Iran, Nigeria, Germany, Indonesia, the USA, Spain, Australia, Qatar, Brazil, New Zealand, Israel, Taiwan, Hong Kong and Macao.

上海千花网女神会所Responding to the national strategy of opening up, the fair will host several international pavilions featuring the Belt and R

oad; China-Africa Cooperation Mechanism and the Guangdong-Hong Kong-Macao Greater Bay Area; Africa pavilion; Central and Eastern Euro

pe pavilion; Middle East pavilion and Hong Kong; and the Macao & Taiwan pavilion will be set up to present distinctive products and 上海千花网女神会所quality services.

A wide range of practical events, such as the second Asia-Europe SME Financing Seminar, SME Cross-border M

atchmaking Seminar and Business Promotion of Overseas Exhibition Groups and Purchase Presentation, will be held conc

urrently to build a capital, technology and intelligence networking platform for Chinese and foreign SMEs.

With 6,000 standard booths and an exhibition area of 150,000 square meters, the 14th CISMEF is hosted by the Ministry of Industry and Info

rmation Technology of the People's Republic of China, the State Administration for Industry & Commerce, the People

's Government of Guangdong Province, the Department of Small Business Development of South Africa and UNIDO.

www.shlf20.cn

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

In the 1950s, the Amer 上海千花网try was seen as the

e prototype of how business should be run. Car company executives were seen as the most capable manage

 上海千花网品茶微信rs. In 1953, president Eisenhower chose Charles Wilson, known as “engine Charlie,” to be his Secretary of Defense.

Then, in 1961, president Kennedy chose Ford president Robert McNamara for the same position. (Of course, McNamara’s incredible mismanagement of the war in Vietnam reduced any confidence that car company executives were especially competent.)

By the late 1960s, the “big three “car companies in the US – General Motors, Ford, and Chrysler – formed a virtual oligopoly and turned lazy. 上海千花网

I remember American cars my father bought in these years often overheating and breaking down by the side of the road. Dad would have to stay by the car with my m

other and sisters while I walked a long way to find a service station and arrange a tow. (This was long before mobile phones.) 上海千花网品茶微信

So, American consumers were ready for more competitive Japanese-made cars, which had consistently high

er quality, to enter the market. My father switched to Japanese cars in the 1970s, and never bought another American-made car. 上海千花网

American car companies saw their profits fall and were not able to pay their workers t

he very high wages made possible by a closed, non-competitive market. The US government responded by

 上海千花网品茶微信imposing quotas on the import of Japanese cars and by pushing Japan to rapidly raise the value of the yen.

Obviously, there was a conflict. American consumers benefitted from the cheaper, better cars while workers at the big three saw their jobs become less secure and the

ir wages fall. Fortunately, the protection was only partial and temporary, so the competition eventually forced US carmakers to improve.

Competition is at the heart of the current disputes over globalization and technology. On net, the spread of econo 上海千花网品茶微信

mic opportunities around the world has been a great boon. Many products are more widely and cheaply available than ever before.

Many countries, including China and India, have greatly reduced poverty and given opportunities to their people that would have been undreamed of by earlier ge 上海千花网

nerations. American and Western European companies and consumers have greatly benefitted.

But nobody really likes competition against themselves. Most people like some degree of stability and protection. A worker w

ho has put in 20 or 30 years in an industry will definitely feel that it is unfair to have to move to a much lower-pa

ying service job. A company facing new competitors will try to convince its home government to stop the competition.

Americans saw many benefits from the second globalization period. As Japanese and, later Chinese, manufacturers began to export t

o the US, many consumer goods became a lot cheaper in US stores. Many American companies made good profits by exporting t

o the newly open markets or by outsourcing manufacturing to cheaper and/or better factories outside the US.

www.zaojiaowg.com

Boeing may reimburse airlines for 737 MAX grounding

Boeing CEO Dennis Muilenburg said on Wednesday that the aircraft manufacturer

上海千花坊is having “ongoing conversations” with airlines about possible reimbursements following the worldwide grounding of 737 MAX jets.

The airlines haven’t disclosed how much they are seeking from Boeing, but some analysts peg industrywide losses at about $1 billion. In an interview with Axios, Muilenb上海千花坊

urg didn’t say how Boeing would compensate airlines, but it could be cash, a discount on future orders or additional pilot training and services.

Airlines seeking compensation include Air China, China Eastern Airlines, China Southern Airlines, Norwegian Air, Turkish Air, Ryanair, Flydubai and United Airlines.上海千花坊品茶微信

“Reimbursement isn’t a technical problem,” John Cochran, president of Eaglemark, an aviation con

sulting firm and professor emeritus of Aerospace Engineering at Auburn University, told China Daily USA. “It’s a matter of first imp

ression. Some of what Boeing proposes to do may be contractual and it’s certainly sound public relations. Boeing wants to keep its customers happy.”上海千花坊

The 10,000-member pilots union for Southwest Airlines said this month it will ask B

oeing  for compensation to cover legal costs and lost income for pilots due to the 737 MAX grounding.

上海千花坊品茶微信The union hasn’t said how much pilots have lost, but it could be as much as $9 million a month, the Dallas Morning News reported.

Southwest has 34 MAX jets in its fleet. The airline said it plans to resume MAX flights on Sept

2, but the union said “there is no accurate estimate of when the MAX will return to service.”

上海千花坊品茶微信Airlines have used other planes when possible to replace grounded MAX jets, but some flights have been canceled. The airlines appa

rently seek compensation for lost revenue as well as storage and the cost of preparing the MAX to return to c

ommercial service when the US Federal Aviation Administration and other regulators say it’s safe to fly.

Boeing MAX jets were grounded worldwide following crashes March 10 in Ethiopi

a and October 29, 2018, in Indonesia that killed a total of 346 passengers and crew.

Preliminary investigations suggest the aircraft’s Maneuvering Characteristics Augmentation System (MCAS), an automated anti-stall device, apparently fo

rced the noses of Lion Air and Ethiopian Airlines flights down and into a fatal plunge when it erroneously deter

mined the planes were about to stall. To avoid a stall, MCAS points the nose of the plane down to gain air speed.

www.shlfapp.cn

Geng Shuang, spokesman of the Foreign Ministry

d China has always called for resolving trade tensions with the US through dia

上海千花坊logue and consultation, but it will firmly safeguard its own legitimate interests.

US threats to impose more tariffs on Chinese imports cannot intimidate the Chinese people, Geng added.上海千花坊

Gao said China’s stance toward tariffs is clear, that the country has always opposed

unilaterally imposed tariffs. “The US trade bullying eventually hurts its own businesses and consumers,” he said.上海千花坊女神会所

The “unreliable entities” list-a blacklist of foreign parties that, for noncom

上海千花坊mercial reasons, harm the interests of Chinese companies, will be released soon,

Gao said. Companies that abide by Chinese law and the spirit of contracts have nothing to worry about, he said.

上海千花坊女神会所Zhou Mi, deputy director of the Institute of American and Oceania Studies of the Chinese Academy of International Trade and Eco

nomic Cooperation, said it is necessary for China to push forward with the list of “unreliable entities,” and export restriction measures.

“These moves will bring about institutional improvement,” Zhou said. “They are

上海千花坊女神会所not meant to punish any company, but to guide all market entities to abide by the laws, regulations and commercial con

tracts. They can further level the playing field for both homegrown and foreign companies.”上海千花坊

In a recent survey, a majority of US and Chinese consumers expressed strong su

pport for bilateral trade due to a belief that both countries benefit from the exchan

ge of goods, said Mei Yan, senior partner and China chair at advisory firm Brunswick Group.上海千花坊

The online survey was conducted among 1,000 US consumers and 1,000 Chinese consumers in early June.

qiuLuhuang.cn

Nevertheless, va上海419女神会所ln and enforcemen

ment still exist 上海419女神会所lacross the country, due to different understanding of the latest taxation law, Zhang added.

The new policy announcement pointed out three scenarios of property

transfers, including parents granting housing ownership to their children, and discount cou

pons and hongbao, or red envelopes, stuffed with cash used by families and friends online, all should be free from taxation.

Six other taxation items which have been levied in the past have been left out. Stock inves

tors will not have to pay tax for their transaction fee returns from securities firms, for instance.

Zhang said that the announcement reassures the revised individual taxation law w

ould benefit households and individuals and dispels some unreasonable doubts, while eliminating unne

cessary inconsistencies between current and previous tax policies and making tax more practical and effective.

www.shoppingfair.org

As the tent could not上海乌托邦品茶微信s at once, it allo

allowed 94 stu上海乌托邦品茶微信dents into the tent and accommodated the rest at a home for the elderly in the town.

Music, fine arts and composition classes were given in the tent classroom.

In the music class, Zeng Yingtian taught the students how to sing As Resilient as Bamboo.

Written by a high school teacher in Changning, the song said quake-affected people would

not cry, even if they shed tears, as they were uncrushed bamboo and green hope would arise from the debris.

In the fine arts and composition classes, students were told to draw pictures of people involved in earthquake relief and write w

ords of gratitude. Some of the students sent their drawings to policemen and people in charge of quarantine.

Since the earthquake, the Changning quake zone has received donations of more than 100 million yuan from companies and individuals.

euitdm.cn

highlights support fo上海419品茶微信pingPeng Liyuan

General Secreta上海419品茶微信ry of the Central Committee of the Communist Party of China and Chinese President Xi Jinping depar

ted Friday for home after concluding a two-day state visit to the Democratic People’s Republic of Korea.

China would like to offer as much help as possible to the Democratic People’s Republic of K

orea to address its legitimate security and development concerns, President Xi said on Thursday.

Xi made the remark while meeting with Kim Jong-un, chairman of the Workers’ Party of Korea

and chairman of the State Affairs Commission of the DPRK, during his two-day state visit to the country.

Xi received a grand and warm welcome, with more than 250,000 DPRK people turning out to greet him.

The visit, Xi’s first as general secretary and head of state, and also the first of its kind

in 14 years, comes as the two neighboring countries are celebrating the 70th anniversary of their diplomatic ties.

China would like to enhance coordination and cooperation with

all relevant parties including the DPRK to play a positive and constructive role in pr

omoting the denuclearization of the Korean Peninsula and the peace of the region, Xi said.

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This is the world’s fir爱上海品茶微信ying 5G technolo

According to Sic爱上海品茶微信huan Provincial People’s Hospital, the 5G emergency rescue system,

which integrates artificial intelligence, augmented reality, virtual reality and drone applications, allows a series of me

dical checks including blood tests, electrocardiograms and ultrasounds to be given to patients right away. The inf

ormation can then be transferred back to the hospital in real time, which greatly saved time in rescuing patients.

The rescue system also helped another 72-year-old patient who got a fracture in the earthquake. According to report from China

news.com, a temporary ward supported by 5G technology was established at the epicenter of the di

saster zone for consultation with doctors from Chengdu, as the aged patient had a previous history of high blo

od pressure and cerebral infarction, which necessitated more careful treatment.

“The 5G-based network thoroughly solved the problems of poor

definition and distortion of images, as well as interrupted signal transmissions,” said Li W

ei, deputy director of the emergency center of Sichuan Provincial People’s Hospital.

www.jvuau.cn