Thelma

in the first seven mon 上海龙凤1314Given the widenin

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.

sxyslm.cn

Concerned about the上海龙凤1314nancial fallout after

aggressive recruitment efforts have been made by UK universities to attract non-European students.

Meanwhile, favorable policies were announced by the UK’s Department for Education上海龙凤1314

, such as allowing international students to stay up to one year after their study visas expire.

上海龙凤1314女神会所According to the 2019 survey conducted by higher education marketing company QS, which covered more

than 75,000 students and 71 universities from around the world, 77 percent of prospective inte上海龙凤1314

rnational students claim that extending the post-study leave period for the UK’s visa offer to one year would incr

上海龙凤1314女神会所ease the likelihood of them studying in the UK. And 54 percent of students stated that feeling welcome as an inte

rnational student is one of the five important factors they consider when choosing a university.

However, Zerzan says the major reason for the UK being one of the fav上海龙凤1314

orite destinations for Chinese overseas students is that British education has a trad

ition of innovation by linking academic foundations with the needs of industry. This helps to instill in its grad上海龙凤1314女神会所

uates a need for continuous learning, an innovative and entrepreneurial approach to life as well as

strong practical and relevant skills that are appreciated by employers globally.

Zerzan adds that many foreign universities aim to recruit Ch上海龙凤1314

inese students for short-term financial gains, which might result in a mismatc

h in partners, poorer research output and possible frustrations on both sides.上海龙凤1314女神会所

And he also points out that international student mobility is not just about economic funding.

“The environment now is one where there is a mass flow of students上海龙凤1314

and lecturers – a mass flow of knowledge – and the UK has to engage in that so Chinese stud

ents are among the top academic performers and contribute greatly to scholarly ex上海龙凤1314女神会所

change and academic research and development within the UK education sectors,” he says.

youhuileyuan.cn

cteristics of mu上海龙凤1314品茶微信ons with the chara

In addition to th上海龙凤1314品茶微信e exhibition, inheritors of intangible cultural heritages for

上海龙凤1314m Guizhou demonstrated the production process of the traditional handicrafts. Visitors can enjo

y Guizhou’s liquor and tea while admiring the intangible cultural heritage performances.

上海龙凤1314品茶微信hinese restaurant Summer Palace at China World Hotel began serving the Peking roast du

ck last week under the guidance of Chef Yuan Chaoying, a culinary expert specializing in Beijing cuisi

ne. The chef is bringing the golden-brown, mouthwatering dish for customers throughout the summer.

“From the Forbidden City to the Temple of Heaven, Beijing has plenty of incredibl上海龙凤1314品茶微信

e sights. But one of the city’s greatest attractions, Peking duck, is actually made in the kitchen,” said Ste

phan Kapek, general manager of the hotel. “Summer Palace now has its own version of this iconic dish.”

上海龙凤1314The activity is part of the 2019 China Tourism Culture Week, which is hosted by the Ministry of Culture and Tourism. It is t

aking place in 34 China Culture Centers and 19 China National Tourist Offices around the world from May to June.上海龙凤1314

At a time when the world has reached a critical crossroad with global economic growth foundering, and raging trade frictions and development problems com

ing to the fore, Xi has embarked on a series of overseas trips since the beginning of June to promote multilateralism, free trade and economic gl上海龙凤1314品茶微信

obalization. By so doing, he has sent a clear signal to the world once again that China, as a responsible power, stands by int

ernational rules and is committed to addressing international issues, driving global growth and promoting peace.

However, the road ahead for China is far from smooth, typically fraught with risks.

上海龙凤1314品茶微信And although Trump has allowed US companies to sell components

to Huawei, he did not remove the company from the US’ blacklist. Which suggests the two sid

es need to make greater efforts to narrow the fundamental gaps underlying the Sino-US trade dispute.

But since a comprehensive, enforceable deal could still prove elusive, China will continue to

deepen reform and opening-up to cope with any risks and challenges that emerge in the future

weishow.com.cn

The 5.1 percentage point growth of leverage ratio is

 out of our expectations, and it was maintained because of

countercyclical policies,” said Zhang Xiaojing, a senior economist with the CASS.

But the deleveraging process should continue, and more measur

es will be introduced to ease the debt burden, es

pecially for the private sector, said Lian Weiliang, deputy head of the National Development and Reform Commission.

One of the key measures is to further promote the debt-to-equity s

wap program, to inject more social funds into indebted companies through holding the com

panies’ shares, the NDRC official said. “We will choose more qualified private companies to join this program.”

ypqsr.cn

One aim of the literature festival is to improve the cul

ltural appeal of the countryside so as to attract people back, Jia says. The organizers are als

o working to promote communication between the authors and the villagers, and encourage more reading activities.

Rural resident Ren Chunhua, 63, who now works as a narrator at a local history gallery, was list

ening to Ge Fei’s lecture in her gallery neighboring the festival venue and wanted to buy his work and got the write

r’s signature. She thought Ma’s work inspired by village life in the 1950s was well-written and accurately reflected the reality there.

Literature aficionado Cao Liang drove for two hours from Taigu county to attend the lectures. Having coll

ected all of Su’s books and being familiar with many of the guest authors’ works, he is currently writing his own novel.

Villagers took turns to attend the festival, a move which Ren believes will in

vigorate the local cultural environment and raise Jiajiazhuang’s profile.

qianpadbe.com

When asked if China will stop exporting rare earth mat

aterials to the US, Gao Feng, the ministry’s spokesman, said China

has been the world’s largest supplier of rare earth materials and has always been keen to m

eet the demand of its trade partners on this material to promote the rare earth industry.

The ministry made the remarks after the Trump administration starting May 10 raised tariffs on Chinese goods and rest

ricted Huawei’s business operations, which has harmed the interests of companies and financial markets on both sides.

“While satisfying domestic demand, China is always willing to fulfill other coun

tries’ rightful needs for rare earth materials,” he said. “But if any country plans to use the rare earth materials that Ch

ina exports to make products that will suppress China’s development, it is not acceptable.”

www.12xe6.cn

Disaster-proofing the world’s largest infrastructure ini

nitiative is a challenge, but achievable,” she said, adding that at the heart of this challenge lies great potenti

al for innovation and creativity, such as new disaster risk prediction and analysis, and disaster-resilient infrastructures.

Huang Runqiu, vice-minister of the Ministry of Ecology and Environment, said dis

aster risk reduction of natural hazards along the initiative is crucial for its success and sustainability.

Regions at the heart of the initiative, such as the Tianshan-Pamir Platea

u, the Himalayas, eastern parts of the Qinghai-Tibet Plateau and South Asia, are facing serio

us disaster threats due to tectonic movements, fragile ecosystems and extreme weather, he said.

Henrik Slotte, a senior disaster management expert from the UN Environm

ent Program, said poorly managed infrastructure projects can damage the ecosystem.

www.aishedesac.com

Balancing growth with structural reformting perform

After a disappointing performance in 2018, China’s economy appears to be stabiliz

ing. In the first quarter of 2019, GDP growth, at 6.4 percent year-on-year, matched that of the previous quarter. But grow

th in industrial production exceeded expectations, expanding by 6.5 percent year-on-year (and by 8.5 percent in Mar

ch). Even exports growth was positive, albeit weak, despite the ongoing trade frictions with the United States.

Moreover, fixed-asset investment (FAI) grew by 6.3 percent-0.2 percentage points higher than in the previous quar

ter. Investment in real estate grew the fastest (11.8 percent), followed by manufacturing (4.6 percent) and in

frastructure (4.4 percent). The growth of investment both in real estate and infrastru

cture was stronger not only sequentially, but also year-on-year. As usual, consumption growth was stable.

www.weishow.com.cn

Chinese firms ideal partners on Belt and Road Initiative

Firms from China and the UK are ideal partners in many countries along t

he Belt and Road Initiative, a China-Britain Business Council official said in Beijing.

“The UK has taken a very positive view on seizing these opportunit

ies for UK businesses, particularly our banks, our large consultancy firms and our infr

astructure companies,” said Jeff Astle, managing director of China operations at the council.

British expertise in areas of financial services, banking, legal services, consulting services around engineering pro

vides a broad range of opportunities for UK firms to collaborate with Chinese firms in other countries, Astle said.

“We benefit from many English legal jurisdictions in many

of these countries, the English language and our businesses have long history and experiences in these coun

tries. That means we are a great ideal partner for Chinese firms in many of these Belt and Road counties,” said Astle.

www.ax148.cn

Noting that China has the world’s biggest middle-incom

income population, Xi said that China would open up its market continuously and welcome quality products from around the world.

China does not pursue a trade surplus intentionally, and it would like to import more com

petitive farm products, finished products and services to promote the balance of trade, Xi said.

China will promote greater openness in modern services, manufacturin

g and agriculture, allow foreign capital to hold the controlling share in more areas and buil

d some new free trade pilot zones to further ease market access for foreign capital, he said.

China will speed up making relevant rules and regulat

ions and ensure the implementation of the Foreign Investment Law, Xi said, adding that the cou

ntry will push forward supply-side structural reform through fair competition and international cooperation.

gzbbas.com