David Wang, head of上海乌托邦nomics at Credit Suisse

 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.

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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.

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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

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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.

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AI can help teachers handle low-value, repetitive labo

bor such as gradin上海乌托邦品茶微信g assignments, allowing them to focus more on optimizin

g their lessons and paying closer attention to students’ performances,” he said.

AI can tutor and test students on general and relatively simple

knowledge so teachers can play a more advanced educational role.

“This will require teachers to have greater mastery of their subject,” Zhang said.

Li Linxuan, a 16-year-old high school student who uses Zhangmen, said when she first used the platfo

rm, the teacher conducted an initial evaluation and then gave her five questions.

“I was so surprised, because I just didn’t know how to answer them,” she said, adding that the teac

her said the questions had been chosen specifically to highlight her weaker knowledge points.

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Students to be vital cogs in travel sectordents born betwe

College students born between 1995 and 2000 are becoming a vital new part of the dynamic travel market in China, with most of th

e young students making their first summer trips after enrolling in colleges, a new study said.

Though the motivation for making tours is relatively high among college students, their choices are

limited due to economic constraints with price being the major criteria for booking flight tickets, said the stud

y conducted by Qunar, an online travel firm owned by Ctrip, China’s largest online travel agency.

During summer vacations, students tend to choose flights that depart b

tween midnight and 2 am, as well as between 5 am and 9 am. The number of bookings of red-e

ye and budget flights is nearly three times higher than other regular flights, the Qunar study said.

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Liu told Regan that China has made its position very cl

lear that if the US treats the Chinese negotiating team with respect and shows the willingness to talk wit

hout using outside pressure, there is a high possibility that there could be a productive trade deal.

“Otherwise, I think we might be facing a prolonged period of problems for both sides,” she said.

Regan, at the close of their 15-minute talk, said again, “No one wan

ts trade wars. But we have to think long hard about the right next steps.”

Liu, however, did counter an assertion by Regan that China’s government controls its entire economy.

“Everybody thinks that China’s economy is state-owned, state-controlled, every

thing is state, state, state. Let me tell you that is not the true picture,” Liu said. “We are a

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RMB’s value determined by market forcesce forex rese

Beijing will not sacrifice forex reserves to defend its currency, analysts say

China would rather rely on market-oriented forces to determine the renminbi’s value than defend its currency by d

ipping into its $3 trillion foreign exchange reserves amid trade disagreements, analysts said.

The United States Treasury announced on Wednesday that it could not label China a

s a “currency manipulator” after Washington monitored the recent performance of the RMB.

No evidence was found to show Chinese monetary authority intervention in foreign exchange markets over the past sev

eral months, according to the US Treasury’s semiannual foreign-exchange report to Congress.

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When the desired train tickets are not available at the tick

et booking site and the app of the China Railway Corporation, a person can use the “waiting” function, and the system will add the wanted ticket information to a list.

One person could make an order for three tickets in the waiting list, and the function will be

free and much more efficient than other third-party software to grab tickets, according to the operator.

When ticket buyers cancel or change their tickets, the system will allocate the returned tickets to waiting buyers on the list.

To use this function, people have to pass a verification process on their status through facial recognition.

They will have to prepay the maximum price for each ticket, and once the

y have obtained the tickets, the difference from the actual fare will be refunded. If they f

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than 10 million visitors each year. Architect Ieoh Ming Pei

World-renowned architect Ieoh Ming Pei, commonly known as I.M. Pei,

has died at the age of 102 at his home in Manhattan, according to multiple reports on Thursday.

Praised as “one of the most revered architects in the world” by The New York Times, Pei has le

ft the world many of its most well-known architectural designs, among many other intangible heritages.

Pei’s modern designs and high-profile projects led him to be considered one of the most high-prof

ile architects of the 20th century, with the renovation of Paris’ Louvre Museum perhaps the most famo

us project he embarked on. He was also involved in the building of the Rock and Roll Hall of Fame in Cleveland.

What Pei valued most in architecture, as he put it, was that it must “stand th

e test of time”. He also valued simplicity: “The simpler the solution, the more powerful it is,” he once said.

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In Forbes’s ranking, 309 of the world’s top 2,000 largest publ

 public companies are from the Chinese mainland and Hong Kong.

The United States has 575 companies, the most among the 61 countries and regions involved in the ranking.

Japan is third-largest contributor, with 223 companies joining in the list.

This year marks the 17th release of the Global 2000 ranking since it was first published by Forbes in 2003, when the Unite

d States was home to 776 companies in the list while the Chinese mainland and Hong Kong only had 43.

Industry-wise, banks and diversified finance make

up most of the list, with 453 companies appearing on it, followed by tech ind

ustry and construction industry, with 184 and 123 companies on the list, respectively.

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Faster checks for inbound pets in placegs, cats to got

No need for dogs, cats to go through quarantine if they meet set conditions

Pets owners no longer need to be separated from their beloved dogs or cats when they ar

rive in China from overseas if they meet certain conditions, under a regulation that took effect on May 1.

Dogs or cats with valid electronic chips arriving from 19 designated c

ountries or regions no longer have to undergo weeklong quarantines if they pass on-site inspe

ctions at ports of entry, according to the regulation released by the General Administration of Customs earlier this year.

The designated countries and regions are New Zealand, Australia, Fiji, French Polynesia, Hawaii and Guam of the Unite

d States, Jamaica, Iceland, the United Kingdom, Ireland, Liechtenstein, Cyprus, Portugal, Sweden, Switzerland, J

apan and Singapore, as well as China’s Hong Kong and Macao special administrative regions.

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The Belt and Road Initiative seeks to accelerate mo

modernization in emerging and developing economies with the participat

ion of the advanced economies. Yet, in recent months, Washington has claimed the initiative’s

projects are “debt traps” for Belt and Road countries. Which is a flawed effort at distraction.

BRI projects promote inclusive growth

If anything, Belt and Road projects seek to promote more inclusive global economi

c development. Certainly, China will make its share of mistakes, but it

has a track record of learning quickly from those mistakes.

In the postwar era, Washington and its allies had an

opportunity to lift the developing countries out of abject poverty. Yet success s

tories involve mainly those Asian economies that ignored the West’s growth lessons, which were

too often coupled with conditionality, debt and dependency, in the name of “structural adjustment”.

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