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.
The State Council Information Office on Sunday issued a white paper
上海419on historical matters concerning Xinjiang Uygur Autonomous Region in northwest China.
China is a unified multiethnic country, and the various ethnic group上海419
s in Xinjiang have long been part of the Chinese nation. Throughout its long history, X
上海419injiang’s development has been closely related to that of China, the white paper said.
However, in more recent times, hostile forces in and outside China, especially se
paratists, religious extremists and terrorists, have tried to split China and bre上海419品茶微信
ak it apart by distorting history and facts, the document, titled “Historical Matters Concerning Xinjiang”, said.
上海419Xinjiang has long been an inseparable part of Chinese territory. Never has it bee
n the so-called “East Turkistan.” The Uygur ethnic group came into being throug上海419品茶微信
h a long process of migration and integration, the white paper said, adding that it is part of the Chinese nation.
In Xinjiang, different cultures and religions coexist, and ethnic cultures have been fostered and developed in the embrac上海419
e of the Chinese civilization. Islam is neither an indigenous nor the sole belief system of the Uygur people. It has ta
ken root in the Chinese culture and developed soundly in China, the document said.上海419品茶微信
The surge in religious extremism around the world has caused a rise in religious extremis
上海419m in Xinjiang and has resulted in an increasing number of incidents of terror and violence, it noted.
“Xinjiang’s fight against terrorism and extremism is a battle for justice and civilization
against evil and barbaric forces. As such it deserves support, respect and understanding,” it said.上海419品茶微信
The document said that some countries, organizations and individual
上海419s that apply double standards to terrorism and human rights have issued unjustified
criticism of Xinjiang’s effort. This kind of criticism betrays the basic conscience and j上海419品茶微信
ustice of humanity, and will be repudiated by all genuine champions of justice and progress, it said.
nghai-Tibet Plateau. The public knows little about most of the species. I am a Chinese wildli
fe photographer. I think I have a responsibility to shoot the species in Hoh Xil,” says Gu.上海千花坊女神会所
She arrived in Hoh Xil to shoot Tibetan antelopes for the first time in Ju
上海千花坊ne 2016. “I once went to the Qinghai-Tibet Plateau three times in two months to shoot the an
telopes. I once stayed in the depopulated zone in Hoh Xil for 40-plus days. I put up a tent where the antelopes li
ved, and I installed the photographic equipment in the tent. Every day, I entered the tent at 5:30 am, and I left the te上海千花坊女神会所
nt at 9 pm. I could only eat some canned congee, as fragrant food would attract nearby bears,” says Gu.
She is planning to make a documentary that reflects the natural ecology of Hoh Xil and Sanjiangyuan. “Th
上海千花坊ere are few images about the animals and plants in the depopulated zone. I need to spend mu
ch time shooting the species. I hope more people will gain a more comprehensive understanding of Hoh Xil a
nd Sanjiangyuan through my photos and videos,” says Gu. She provides her photos and videos to experts, to he上海千花坊女神会所
lp them conduct their research. Experts at the Northwest Institute of Plateau Biology, under the Chinese Ac
ademy of Sciences, spoke highly of Gu’s images of the migration of the
Tibetan antelopes. Experts cannot say for certain why the antelopes migrate every ye上海千花坊
ar, but they can study the reasons why the antelopes migrate through Gu’s photos and videos.
上海千花坊女神会所Gu serves as deputy secretary-general of the Hoh Xil Wildlife Conservation Association. She
has given lectures, in China and abroad, on photography and ecological protection. She also gives lect
ures attended by biology teachers from primary and middle schools, and she shares her experiences in Hoh Xil wi上海千花坊
th those teachers. The teachers share Gu’s concept of ecological protection with their students, and they help the students cul
tivate an interest in nature and the awareness of protecting the biological diversity on earth.上海千花坊女神会所
“Wildlife photography does not merely mean shooting beautiful photos, but also promoti
ng the species on earth to more people, so the public will pay attention to the species, and help protect the envi上海千花坊女神会所
ronment and the biological diversity on earth. We should respect all life on earth,” says Gu.
In an acknowledgment that the United States and the Democratic People’s Republic of Korea have been talking at cross-purposes, US Secretary of State M
ike Pompeo said on Monday that he hoped both sides could “be a little more creative” with what they bring to the ta
ble when the two sides restart talks aimed at denuclearization of the Korean Peninsula.上海夜网
The US position hasn’t changed, he said, it still wants full and final denuclearization of the DPRK in a way that it could verify.
上海夜网品茶微信But that in itself constitutes a change of approach from before — one that US President Donald T
rump signaled when he met with DPRK top leader Kim Jung-un in the demilitarized zone — as it drops t
he previous demand the DPRK denuclearize before receiving anything in return.上海夜网
Which suggests it’s not really creativity that’s required, but realistic expectations that can be translated into step-by-step moves.
上海夜网品茶微信Washington might want to bear in mind that the national legislature of the DPRK, the Supreme People’s Assembly, amended
the country’s Constitution in April, re-ascertaining leader Kim Jong-un’s status as a “representative of the state”.
Since few doubted Kim’s role as representative of his
country, the constitutional amendment naturally attracted little interest.上海夜网
But Pyongyang’s belated revelation of the full text of its amended C
上海夜网品茶微信onstitution reveals something that does deserve Washington’s attention.
Although it retains the DPRK’s commitment to being a “nuclear state” — which confirms the assumption that the DPRK has
been deeming itself as a legitimate nuclear power in its talks with the US — the most important change thro上海夜网
ughout the constitutional amendment is literally something that is absent in the present text.
The longstanding “Songun Policy”, the core DPRK national strategy that prioritized
the military in the affairs of state and allocation of resources, has been removed from the amended Const上海夜网品茶微信
itution. This policy simultaneously resulted in the country’s nuclear capabilities and its economic hardships.
Elaborating on the change, Kim stated in his speech at the April meeting that the DPRK’s central上海夜网
task is to concentrate all the energies of the state on economic construction. And the amended Con
上海夜网品茶微信stitution includes new phrases such as “socialist corporate responsibility management system” and “revolutionary busi
ness practices”. Terms reminiscent of those in the early stage of China’s reform and opening-up.
ions, institutions, supermarkets and companies since 2017. Since then, the authority has filed
13,400 cases and issued 15.15 million yuan ($2.2 million) in fines for improper garbage disposal. 上海夜生活
The number of cases and scale of fines have been increasing in past years.
上海夜生活品茶微信Fu Yong, deputy head of the urban management office in the Babaoshan area in Shijingshan district, said they have b
een checking companies and public institutes in their administrative region to follow the rules.
“Every year, companies in the region have to sign trash disposal contracts, and they should follow 上海夜生活
the classification rules accordingly. Otherwise, the sanitation departments will not collect their trash,” he said.
上海夜生活In addition, the city government has asked each district to build at least one waste s
orting demonstration residential community to conduct trash sorting within its area since 2017. 上海夜生活品茶微信
Now Beijing has 224 residential communities that are doing garbage sorting.
上海夜生活Wang Jian, a waste sorting supervisor at a residential community in Shij
ingshan district, said individuals can get points every time they dump garbage in ac
cordance with categories including recyclables, kitchen waste, hazardous waste and other waste. 上海夜生活品茶微信
“They can use their points to redeem rewards like waste bins or bags,” she said. “On
ce people get used to throwing waste by category, they will continue to do so even without a reward.” 上海夜生活
Li Weigang, an official with the waste classification and treatment depart
ment at Shijingshan district, said several State-owned enterprises－including Shougang Gr
上海夜生活品茶微信oup, which used to be a major steel producer in the capital－have entered the waste treatment industry.
Companies’ participation has helped authorities become familiar with garbage classification and treatment after sorting, whi
ch can assist with the plan’s implementation in residential communities, he said.
nounced plans to raise their basic old-age pensions, cnr.cn reported.
上海后花园Fifteen regions, including Hebei, Inner Mongolia, Jiangxi,
Shaanxi and Jiangsu上海后花园品茶微信, have promised to pay the raised pension to retirees before the end of July.
In Central China’s Henan province, the minimal basic pension sta
ndard for rural and urban residents will be increased to 103 yuan ($14.98) from 98, said Li Ha
ilong, deputy head of the provincial human resources and social security department.上海后花园
It is estimated the local government would provide additional funding of over 900 million yuan
to the pension scheme, which will benefit more than 15 million elderly rural and urban residents, Li said.上海后花园品茶微信
Regional plans to reduce enterprises’ social insurance premium rate are also being gradually implemented across the country.
上海后花园Statistics show in the first half of 2019 enterprise expenses for basic endowment insurance,品茶微信
unemployment insurance and employment injury insurance have been cut by over 128 billion yuan.
After companies’ social insurance premium rates were reduce
d to 16 percent from 20 percent, the savings can be invested into production, expansion and o上海后花园品茶微信
peration, said Gao Ying, personnel administration manager from an electronics company in Jiangxi.
A recent State Council executive meeting decided to fully implement trans
上海后花园ferring State assets to social security funds this year. More beneficial policies are ex
pected to be launched in the second half of 2019, as the country continues to advance social security reform.
A new natural gas network in the Xinjiang Uygur auton上海后花园品茶微信
omous region is making life for residents like Hazret Mamut much more convenient.
“I used to go to the gas station to change the fuel tank when it was empty, which used to take 10 minutes of riding an electric sco上海后花园品茶微信
oter,” Hazret recalled. But now, he only needs to turn the knob of the stove and the flame is lit.
“Using natural gas costs less than 20 yuan ($2.90) every month for cooking,” Hazret added.上海后花园
Such convenience in Hazret’s life is due to a natural gas p
roject conducted by PetroChina, one of China’s major oil companies.
Since the natural gas pipeline was put into operation in May in Wushi county in Aksu prefecture, Hazret’s home, a natural ga
s network covering all prefectures in southern Xinjiang has been established.
their cars have a 155-kilometer range deficit compared to the lower-tier 2020 versions at a price that’
s 30,000 yuan higher. Other buyers worry about the depreciation risks in these rapid updates.上海千花网
However, He Xiaopeng, chairman of Xpeng, said in a microblog cite
上海千花网品茶微信d by International Financial News these demands are unfair to the company. When
consumers compare the bare prices of the two types, He claimed, 2019 model buyers got lots of subsidies.上海千花网
An insider from Xpeng Motors told the newspaper the company started to promote a favorable poli
上海千花网cy by the end of May giving a total of 20,000 yuan to each consumer, and earlier buyers of 2019 G3 mode
ls affected by the government’s subsidy-cutting scheme have also been covered by the policy.
上海千花网品茶微信Therefore, the actual price paid by 2019 G3 buyers is comparatively lower than the 2020 G3 prices, the source added.
Xpeng Motors is not an exceptional case amid fast growth in the electric ve
hicle industry. In March, Tesla’s decision to adjust prices down also roused early bu上海千花网
yers’ anger, asking the company to subsidize the price difference or cooperate with them to return their cars.
But a lawyer interviewed by International Financial News said no legal ground exists to support these buyers’ requests.
上海千花网品茶微信Sun Shaojun, a motoring analyst, said Xpeng’s case represents a new
normal for the sector, as the electric vehicle industry sees exponentially faster development.
What makes Pablo Picasso such a quintessential 20th-century artist? It’s partly down to the visual ground he broke w上海千花网品茶微信
ith his Cubist painting, but some also has to do with the fact his interests extended far beyond painting.
Picasso’s innovations in perspective and technique dazzled the art wo上海千花网
rld for decades, paving the way for many of the important artistic movements of the last century.
As art historians and critics emphasize the visual ground he broke with his Cubist painting, Picasso’s poetry and oth上海千花网品茶微信
er written works are often overlooked in discussions of his long and varied career.
The artist did not begin to write until the age of 53. His literary endeavors上海千花网
resulted in hundreds of poems with a unique fusion of words and visual imagery.
ectors have been a “wild west” where Chinese firms did not hesitate to
copy each other or foreigners. But, as China has developed its own technology and moved u上海千花网品茶微信
p the value chain, protecting intellectual property rights has become a high priority for the government.
上海千花网At the China Development Forum in March, Vice-Premier Han Zheng emphasized: “We w
ill step up our efforts for IPR protection as well as law enforcement in various aspects, and establish a sy上海千花网
stem of punitive punishment for IPR infringement to significantly raise the cost of violating the law.”
上海千花网品茶微信And, President Xi announced that China will strengthen intellectual property rights protectio
n in his April speech to the second Belt and Road Forum for International Cooperation.上海千花网
Also, the removal of the requirement that foreign companies enter in
上海千花网to joint ventures should alleviate any fears about mandatory technology transfers.
Financial market reforms
Reform of the financial sector is moving especially rapidly. China will allow full foreign ownershi上海千花网
p of securities firms, futures businesses and life insurance companies by 2020, a year earlier than was s
上海千花网品茶微信cheduled, Premier Li Keqiang told the Summer Davos Forum. Foreign institutions will be offered treatment e
qual to that of domestic companies in credit references, credit ratings and payments, he said.
Li emphasized that this reform is part of a broader push to force domestic上海千花网
firms to upgrade as they face foreign competition. “Further opening to foreign investors, we are no
上海千花网品茶微信t just providing them with opportunities to enter the Chinese market. We are also providing opportu
nities for the financial sector to upgrade and to improve its quality on a level playing field,” Li said.
Measures to boost private sectorThe Chinese government has also recently announced mea上海千花网品茶微信
sures to improve the availability of credit for the private sector and reduce taxes on it.
In a discussion with foreign CEOs at the Summer Davos meeting, Li noted that small and medium-sized companies and private e上海千花网
nterprises provide over 80 percent of employment in urban areas and 60 percent of GDP.
China (CPC) Central Committee and chairman of the Central Military Commission, shake
s hands with residents of a community at Songshan District in Chifeng City, Inner Mongolia au上海419
tonomous region, July 15, 2019. Xi went on an inspection tour in Inner Mongolia Monda
上海419品茶微信President Xi Jinping made an inspection tour to North China’s Inner Mongolia autonomous region on Monday.
At a local community in Songshan district of Chifeng city, Xi, also general secretary of the Communist Party of China Central Comm
ittee, learne上海419d about the grassroots party-building work as well as the development of national integration and unity.
Later, he visited the Chifeng Museum, where he was briefed on the evolution of local
history and culture of the city and talked with the inheritors of the epic of King Gesar.上海419品茶微信
The Gesar epic tradition was listed as a World Intangible Cultural Heritage in 2009.
上海419Country still has room to render policy support for economic growth, World Bank official says
China’s GDP growth slowed to 6.2 percent year-on-year in the second quarter, its slowest pace in the 27 years since qua
rterly record keeping began. But analysts said the brisk retail sales growth and stable employment, together wi上海419品茶微信
th possible support measures to be rolled out in the second half, will help bolster full-year growth.
Growth in the April-June period was 0.2 percentage point lower than the first quarter. GDP g上海419
rowth came in at 6.3 percent in the first half, the National Bureau of Statistics said on Monday.
上海419品茶微信Retail sales rose by a higher-than-expected 9.8 percent year-on-year in June, the fastest sinc
e March 2018, and increased by 8.4 percent year-on-year in the first half, compared with 8.3 percent in the first quarter.上海419
Industrial output rose by 6.3 percent year-on-year in June, beating general market expectatio
ns, compared with 5 percent in the previous month, the NBS said. But in the first half, industrial ou上海419品茶微信
tput growth dropped to 6 percent, down from 6.5 percent in the first quarter.
Fixed-asset investment growth was 5.8 percent in the first six months, compared with 6.3 percent in the first quarter, the NBS said.
Mao Shengyong, a spokesman for the NBS, said that “growth remained on tr
ack despite increasing external uncertainties and new downward growth pressure”.
“The 6.3 percent growth in the first half is in line with our expectations
and our full-year forecast of 6.2 percent growth,” said World Bank Country Director for China
Martin Raiser. In fact the data suggest “some stabilization of domestic demand, which is welcome”, Raiser added.
ers on one charge would earn 5 credits for its maker according to previous equations, and in the draft proposal the credits will be redu
ced to 2.5, according to Cui Dongshu, secretary-general of the China Passenger Car Association.上海千花网
He added that the proposed policy encourages better technology as more efficient power consumption will earn more credits.
上海千花网女神会所Analysts said the plan’s release will help carmakers to coordinate their production plans, es
pecially international ones, which have been slower than Chinese ones to respond to policy changes.
Herbert Diess, CEO of Volkswagen AG, called for a stable policy envi上海千花网
ronment at the World New Energy Vehicle Congress held in early July in Hainan province.
The German carmaker said almost half of its new energy vehicles produced in 2028 will
上海千花网女神会所be made in China. China has been the largest market for new energy vehicles since it overtook the United States in 2015.
So far there are around 3.5 million such vehicles on its roads.
The country’s new energy vehicle sales surged 65.9 percent year-on-year to 577,000 units上海千花网
during the January-June period, data from the China Passenger Car Association showed.
上海千花网女神会所The draft proposal is expected to help boost hybrids as well, to which Japanese carmakers have devoted much time and money.
They would still be considered fossil-fueled but re-classified as “low fuel consu
mption passenger vehicles” and thus will incur less negative points than traditional vehicles.
Under the current system, automakers in China are obliged to make up for a portion of the negative points they incur whe上海千花网女神会所
n they produce internal combustion engine vehicles with points won for producing new energy vehicles.
Analysts said the revision could see more traditional vehicles replaced with hybrids, because when automakers prod
uce hybrids. The proposed change came as a surprise, some experts and industry officials said, because the gove上海千花网女神会所
rnment has never before given any preferential treatment for hybrid technology.
“The new proposed policy is a roundabout way to promote hybrid cars,” said Cui in a social media post.