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ing gap between increased spending and the slower expansion of income, some local governments, especially at the co
unty level, are facing fiscal pressure. But the central government will transfer more funds to local go 上海龙凤1314女神会所
vernments to ensure stable fiscal spending and further implement tax and fee cuts, the ministry said.
上海龙凤1314By the end of July, local governments had issued 2.55 trillion yuan in new b
onds for the year, accounting for 82.8 percent of the annual quota of 3.08 trillion yuan.
A quota of 2.15 trillion yuan for local governments’ special bonds－mainly meant to s 上海龙凤1314
upport infrastructure projects－had been 65 percent used up by the end of July, the Ministry of Finance said.
Market speculation is that there will be additional bond quota space to bolster fiscal spending in coming months. But a seni 上海龙凤1314女神会所
or official at the Financial Department of the Ministry of Finance said in an interview this week: “It is unlik
上海龙凤1314ely that the government will raise the quota for local government bonds, or for the special bonds.”
Local government special bonds are seen as an important measur
e to support infrastructure investment, and they also are not included in local 上海龙凤1314
budgeted debt. The annual quota was set by the Government Work Report in March.
About 1.55 trillion yuan in local government special bonds had been iss 上海龙凤1314女神会所
ued in the first half, the Ministry of Finance said. The remaining 600 billion yuan
issuance must be finished by September－a State Council requirement to speed financing for key projects.
China should have an expansionary and much stronger fiscal policy in order to inc 上海龙凤1314
rease public spending and prevent a further slowing of economic growth, said Yu Yo
ngding, a senior economist at the Chinese Academy of Social Sciences. Yu spoke at a recent forum.
The fiscal deficit ratio, which may surpass the government target of 2.8 per 上海龙凤1314女神会所
cent of GDP this year, should be compensated by issuing more central government
bonds, said Yu, who also suggested the central bank lower interest rates for the bond issuance.
One of Japan’s two “urban prefectures”, Osaka is home to the country’s thir上海419论坛
d-largest city and its commercial center, having played a vital role in Japan’s economy for ov
er 1,700 years. This summer, it expects to gather around 30,000 people for the G20 summit, the centerpiece of the 2019 G20 meetings.上海419论坛
Tourists may be disappointed by being unable to access the i
conic, gull-winged Osaka Castle, which is expected to be used as a backdrop for G20 events.
上海419论坛Some 700 schools in the city will close on the summit days in order to reduce congestion, according to local press reports.
The participants are leaders from 19 countries and the European Union. The 19 countries are A
rgentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy
上海419论坛女神会所, Japan, Mexico, Republic of Korea, Republic of South Africa, Russia, Saudi Arabia, Turkey
, United Kingdom and United States of America. In addition, leaders of invited guest countrie上海419论坛女神会所
s and representatives of invited guest international organizations
will participate in the summit along with leaders from the G20 members.
The host country of the G20 summit leads the group over the course of one year from Decemb
er through the following November as the G20 presidency. The G20 presidency also organizes relevant ministerial and working group meetings.
Together, the nations of the G20 account for around 80 percent of global economic out
put, nearly 75 percent of all global trade, and about two-thirds of the world’s population.
上海419论坛The G20 was formed in 1999, in the wake of the Asian financial crisis, to unite finance ministe
rs and central bankers from twenty of the world’s largest established and emerging econom
The G20 initially focused largely on broad macroeconomic policy, but it has expanded its ambit. The 2018 summit in Argentina
focused on fair and sustainable development, while the previous summit in Germany drilled down on issues including corruption, money laundering and international tax havens.
Economic and financial coordination remains the centerpiece of each summit’s agenda, but issues such as the
future of work, terrorism and global health are recurring focuses as well. This was increasingly true in the d
ecade following the global financial crisis, when the G20 was able to turn its attention beyond acute economic crisis management.
ies. A decade later, at the height of the global economic crisis, the G20 was elevated to include heads of state and government.上海419论坛女神会所
China has been working to find ways to make it happen. Even as a “zer
o-sum game” mindset and “winner-takes-all” strategies prevail, China is showing the w上海419论坛女神会所
orld that the real story of business is not black or white, and win-win results can be realized.
上海419论坛As some Western countries move backward by erecting “walls”, China is working hard to bu
ild “bridges” by promoting multilateralism for open and inclusive development, analysts said.
Jin Canrong, a professor of international studies at Renmin Universit上海419论坛女神会所
y of China, wrote in an article that common development, universal security and sha
red governance are key elements of the new type of international relations, while a community with a shared future c
上海419论坛alls for equality, mutual respect, mutual benefit and win-win cooperation among nations.
The Belt and Road Initiative has been a platform for building the commu
nity with a shared future for mankind and also a new path to improve global g上海419论坛女神会所
overnance and increase mutual understanding between different civilizations.
By the end of July, 136 countries and 30 international organizations
had signed cooperation agreements with China on jointly building the Belt and Road.上海419论坛
Miguel Angel Sanchez, general secretary of Colombian Liberal Party, said th
at the strategic purpose of the BRI is to align with China’s development strategy, with par
上海419论坛女神会所ticipating countries achieving high-level, high-quality cooperation so as to improve people’s livelihoods.
It does not mean building an independent bloc with China at its center, but rat
her, it aims to secure common development while respecting cultural diversities, Sanchez added.上海419论坛
China has made it clear that it strives to develop by upholding and maintaining world peace through its development. Xi sai
d on a number of occasions that China will do well only when the world does well, and vice versa.上海419论坛女神会所
Simon J. Gill, United Seychelles Party whip and National Executive Committee mem
ber, said Xi’s strategic vision represents an advanced power as it focuses on people-centered development.
China doesn’t care only about itself, and it adopts a win-win approach that delivers tangi上海419论坛女神会所
ble benefits to countries, Gill said, adding that Seychelles is also a beneficiary of cooperation with China.
Borrowing costs will get lower for companies in China starting Tuesday through a
key interest rate reform brought out by the People’s Bank of China, the central bank, to maintain ec上海419
onomic momentum amid the continuing trade friction with the United States.
上海419女神会所Analysts say the interest rate reform will lower financing costs for small a
nd private companies and encourage investment in the manufacturing sector.
The PBOC unveiled the policy over the weekend, saying it would introduce a new reference rate, the loan prime rate－the pr上海419
ice of loans banks offer their best clients－for setting the prices of business and household loans. The earlier re
上海419ference rate, the one-year benchmark lending rate, will be replaced in the future.
The announcement is seen as China’s most significant market-based interest rate reform for over a decade, experts said.上海419女神会所
The PBOC said in a statement that, starting Tuesday, 18 qualified commer
cial banks, including State-owned banks, city and rural commercial banks and foreign banks, will report their lend
上海419ing reference rate every month. Analysts expect the first loan prime rate will be much lower than the current 4.35 per
cent one-year benchmark lending rate, which has been unchanged since August 2015.
The statement said commercial banks will be allo上海419
wed to float the lending rates up by certain percentage points above the medium-ter
上海419女神会所m lending facility rate of the central bank. The medium-term lending rate is the cost that commercial banks sho
uld pay for borrowing from the central bank, and it was set at 3.3 percent on Thursday.
Sheng Songcheng, a central bank adviser and former head of the PBOC’s
statistics department, said the reform will help keep lending rates lower.
Moreover, the changes will enable the PBOC to effectively influence Chin上海419女神会所
a’s entire interest rate system by selling or buying financial instruments on the open
market, much like how Western central banks implement monetary policy, Sheng said.
d Cross Society of China arrived in Kabul again, marking the beginning of the project’s second phase. It is expected that an add
itional 150 Afghan children with congenital heart disease will be selected after screening in Ka 上海千花网品茶微信
bul and then sent to hospitals in China for treatment, said Liu Xuanguo, vice-president of the CRCF.
In addition to Afghanistan, the foundation has provided h 上海千花网
umanitarian assistance to 26 countries in Asia and Africa in recent years. Among the pro
上海千花网jects, it has established emergency centers in Pakistan, provided free diagnosis and treatment to children with co
ngenital heart disease in Afghanistan and Mongolia, built a blood dialysis center in B
angladesh, constructed mobile hospitals for Syria and Iraq and donated rescue vehicles in Cambodia and Laos, he said. 上海千花网
“Most of the programs have been carried out since 2017, follow
ing the proposal of the Belt and Road Initiative (in 2013),”
Liu said. “Humanitarian assistance is badly needed in many countries involved in the 上海千花网品茶微信
initiative. Although much smaller in scale compared with international assistance delivered by the Chinese gov
ernment, China Red Cross humanitarian assistance has played a very important role in promoting frie
上海千花网ndship between China and these countries, and emotional connectivity between different peoples.”
For example, a foundation project that has provided free treatment in Chinese hospitals over the past two years to 100 Mo
ngolian children under age 14 with congenital heart disease has won high praise from the Mongolian government a 上海千花网
nd was recognized as one of the best humanitarian assistance projects in the country last year, Liu said.
In June, another Chinese medical team arrived in Ulaanbaatar, the capital of Mongolia, to screen around 100 of the m
ost urgent cases of congenital heart disease for free treatment in Hohhot, the capital of 上海千花网品茶微信
the Inner Mongolia autonomous region, and in Wuxi, Jiangsu province.
In neighboring Pakistan, an emergency center established by the foundation in Gwadar in 上海千花网
cooperation with the Pakistani Red Crescent Society has also won the praise of locals, Liu said.
As of the end of April, three medical assistance teams sent by the Red 上海千花网品茶微信
Cross Society of China had been to the center in Gwadar since its establishment in Sep
tember 2017. Large numbers of Chinese employees work there to assist with various projects.
The Flowertime festival is a biennial initiative launched in 2013 by the City of Brussels and the ASBL (non-profit organi
zation) Tapis de Fleurs de Bruxelles. Themed “A World of Floral Emotions”, more than 30 top florists fro上海后花园
m 13 countries decorated rooms of Brussels City Hall, a UNESCO masterpiece of Gothic architecture.
上海后花园女神会所Brussels famous Grand Place hosted the occasion with a stunning flower arch com
posed of 500 fuchsias. This year, the artistic direction is once again in the hands of the world-famous Floraliën, and th
e renowned Manneken Pis have been dressed up by the floral artist Geoffroy Mottart.上海后花园
Foreign government officials and experts slammed the violence perpetrated by rad
ical protesters in China’s Hong Kong Special Administrative Region and voiced supp上海后花园
ort for the legitimate actions taken by the HKSAR government and local police to restore order.
上海后花园女神会所Mohammad Faisal, a spokesman for Pakistan’s Ministry of Foreign Affairs, said Hong Kong affairs are completely China
‘s internal affairs, and Pakistan understands the actions taken by the Chinese central government and the HK
SAR government to uphold national sovereignty and maintain the city’s prosperity and stability.上海后花园
Helen Sham-Ho, a former Australian politician, said the current chaotic situation in Hong Kong is damaging its pros
perity, adding that there is no doubt that the priority is to regain order and police have the right to uphold law and order.
Michael Borchmann, a law expert and former government official from German上海后花园女神会所
y, said that the purpose of the ongoing protests in Hong Kong is to stir up chaos and turmoil in the city, and is
not a response to the draft extradition bill, Nouvelles d’Europe cited him as saying.
Borchmann said it is true that freedom of speech and freedom of assembly are prot上海后花园女神会所
ected by law in Hong Kong, but this doesn’t give people the right to use violence to i
mpose on the freedoms of others. Criticism of China by some voices in the Western media was irrelevant, he added.
criminal actions of the demonstrators that are denying democracy and freedom to law-abiding Hong Kong residents.
And although Washington has repeatedly denied playing any role in the violent demonstrations in Hong Kong, the ill-inten上海后花园
tioned remarks from these prominent US political figures belies both those denials, since they have incited
上海后花园Hong Kong residents to engage in confrontation with both the SAR government and the central government.
If the increasing violent acts employed by the Hong Kong demonstrators are still being categorized as p上海后花园女神会所
eaceful calls for democracy by these US politicians and others, what happened in Hong Kong in the pa
st weeks has shown people around the world the ugly and violent side of Western-style democracy.
Here is what rioters have done in Hong Kong in the name of upholding democracy上海后花园
They have repeatedly occupied public spaces to stage illegal demonstrations, they have blocked roads and h
ijacked subway carriages so that people cannot go to work, they have attacked police officers, police stations and pol
上海后花园女神会所ice family quarters, even passers-by, and they have stormed the airport forcing it to shut down three times so far this month.
The Hong Kong police have done what they are supposed to do, which is enforce the law, fight crimes and uphold social order.
Yet by turning a blind eye to the iron-clad evidence of what is happening in the SAR, some polit上海后花园
icians in the US have criticized the Hong Kong police claiming they have used excessive force. One only has to re
call the police actions in Ferguson in the US and in Paris, France, to see how restrained the Hong Kong police have bee上海后花园女神会所
n. But using a double standard in this way has become typical US behavior. Anti-China forces in the West should not un
derestimate China’s determination to safeguard stability and prosperity in Hong Kong. Nor should they un上海后花园
derestimate China’s capability to defend its territorial sovereignty and security.
Meanwhile, the agitators and insurrectionists in Hong Kong should discard an
y illusion they may have that they will get away with their illegal acts and crimes. And th上海后花园女神会所
e SAR government will continue to enforce the law in the city and bring any lawbreakers to justice.
s Development Research Center, said the US tariffs targeting Chinese imports will not
only harm the interests of US consumers, but also drag down the US economy.上海会所
In addition, tariffs will seriously dampen the confidence of the international marke
t and create new uncertainties to the world economy, Wang said at a seminar in Beijing.上海会所品茶微信
New measures ease foreign companies’ market access, help inspire greater investor confidence
上海会所Despite the Sino-US trade dispute, China has attracted a great deal of f
oreign direct investment from diversified sources in the first seven months of 2019, layi
ng a solid footing for the second half, experts and company leaders said on Tuesday.
The remarks came after the Ministry of Commerce said on Tuesday that FDI in the Chi上海会所品茶微信
nese mainland rose 7.3 percent year-on-year to 533.14 billion yuan ($75.5 billion) between January and July, res
ponding positively to the government’s opening-up and liberalizing measures.
上海会所New growth momentum has been created by plans to establish six new pilot free trade
zones and releasing two shortened negative lists for foreign investment to allow access to more industrial sectors, said
Lu Ming, vice-dean at the Academy of China Council for the Promotion of International Trade.上海会所
The newly revised negative lists, which took effect July 30, ease foreign market acce
ss in agriculture, mining and manufacturing. The service sector has also s上海会所品茶微信
een substantial opening-up in transportation, infrastructure, culture and value-added telecommunications.
Xue Rongjiu, deputy director of the China Society for WTO Studies, said the new measures are key for driving FDI growth.上海会所
Foreign investors are optimistic on the long-term development of the economy an
d industry because the country advocates multilateralism, deepens reform and expands opening-up, in pa
rticular for companies from e上海会所品茶微信conomies involved in the Belt and Road Initiative, he said.
r supply. Villagers made a living by growing crops.
“As an official, I shoulder the responsibility of bringing benefits to the villagers,” said Zhang, who led the village co上海龙凤
mmittee to build power and water supply networks and explored ways to increase villagers’ income.
Zhang mobilized villagers to plant apple trees, bringi上海龙凤女神会所
ng in over 10 times the income that growing corn did. Apples p
roduced in Xinhu have now been exported to various Southeast Asian countries.
上海龙凤More than 670 households in Xinhu have been lifted out of poverty over the past few
years. And the per capita income of the village has exceeded 30,000 yuan ($4,250).
“No matter how low your rank is, you must always remember to work for上海龙凤女神会所
the people, taking effective measures to address their concerns,” Zhang said.
Hao Biao, a former county official of Wuqi, Yan’an, shares the Zhang Yangang’s view.
Wuqi county had long suffered from a fragile environment, severe desertification and natural disasters. Hao上海龙凤
was shocked by the barren mountains when he first arrived in the county in 1995.
上海龙凤女神会所”Locals used to graze goats on the mountains, and the grass barely grew, let alone forests,” Hao said.
Hao encouraged locals to breed goats in captivity to re
store the ecology. However, his suggestions drew the ire of the local people.上海龙凤
Hao remembered that a farmer threatene
d to herd his goats to Hao’s office if grazing on the mountains was forbidden.
上海龙凤女神会所Hao used every occasion he could to explain the policy to the peopl
e, and eventually the locals agreed to participate in the captive breeding program.
onship that meets the requirements of the new era,” it said.
The resumption of the China-Japan strategic dialogue is a key sign that Beijing an上海会所
d Tokyo have pushed forward their bilateral relations on the right track and forged closer ties, said Lu Hao, a re
上海会所品茶微信searcher at the Chinese Academy of Social Sciences’ Institute of Japanese Studies.
Official exchanges and communication mechanisms, including the strategic dialogue, were suspended after the two cou
ntries became mired in a dispute over China’s uninhabited Diaoyu Islands in the East China Sea.上海会所
Lu said the strategic dialogue mechanism plays a vital role for the two neighbors, especial
ly as they are both facing unprecedented conditions and a rapidly changing global environment.
上海会所品茶微信”The dialogue not only focuses on improving bilateral ties but also touch
es on some of the important regional and international issues of common interest,” Lu
said, adding that boosting mutual understanding and cooperation between China
and Japan, the world’s second-and third-largest economies, helps promote regional stability and prosperity.上海会所
On Friday, while meeting with Japanese Foreign Minister Taro Kono, Le, the vice-minister, said China and Japan should k
eep up the positive momentum brought by the improved ties and enhance short-term goals while strengthening long-term ones.
Describing the meeting in Osaka between Xi and Abe as fruitful, Kono said Japan is expecting a state visit by Xi next spring and i上海会所品茶微信
willing to work with China “in various fields and face global challenges shoulder to shoulder”.
Zhou Yongsheng, a professor and deputy director of the Ja
panese Studies Center at China Foreign Affairs University, said, “As Sino-J上海会所
apanese relations have shown signs of warming in recent years, both
上海会所品茶微信countries should cherish the momentum and build new relations featuring a shift from
competition to collaboration under the guidance of the strategic dialogue mechanism. Prom
oting Sino-Japanese ties will benefit the peace and prosperity of Asia and improve global governance.”