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.
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
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.
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.