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For those who are concerned about China’s economic well-being, the first half-year fig
ures released by the National Bureau of Statistics on Monday may not be enough to relieve them of their worr上海419
ies, especially given the ongoing trade conflict with the United States and weakening global demand.
上海419After all, a 6.2 percent growth in the second quarter — although still within the gove
rnment’s target range of 6-6.5 percent for the year — was the weakest in nearly three decades.上海419
This, together with lukewarm trade readings released on Friday — exports fell 1.3 percent in June from a year earlier and imports dropped 7.3 percent — sugge
sts economic conditions are still severe and, with external uncertainties on the rise, the economy “is under new dow
上海419女神会所nward pressure”, as NBS spokesman Mao Shengyong said at a news conference.
But again, this is really a question of do you see the glass half empty or half full, given that
China remains one of the world’s fastest-growing major economies. While pessimists focus on the diffi
culties, optimists see the silver lining of the Chinese economy’s remarkable resilience given the headwinds it faces.上海419
For example, retail sales, a major gauge of consumption, surged 9.8 percent, much higher than the expected 8.5 percen
t and also the highest since March 2018. Many analysts attribute the progress to the central government’s ef
forts to boost domestic consumption — these range from massive tax cuts of nearly 2 trillion yuan ($291 billion) to the iss上海419女神会所
uance of 2.15 trillion yuan of special bonds by local governments for infrastructure construction.
上海419Other strong data, such as a 6.3-percent increase in industrial output an
d a 5.8-percent rise in January-June fixed asset investment, all indicate that the fund
amentals for steady growth remain unchanged and the government still has ample room for policy maneuvers.
Actually, once last month’s much-better-than-expected gains in retail上海419女神会所
sales, factory output and fixed-asset investment were announced, the market quickly cast its vot
上海419女神会所e of confidence in the Chinese economy. The benchmark Shanghai Composite Index ended 0.4 percent up on Monday a
fter casting off losses that had pushed it down as much as 1.5 percent in the morning ahead of the data release.
Sino-US leaders’ 上海419品茶微信meeting on the sidelines of gathering in Japan expected to ease tensions
Pres上海419品茶微信ident Xi Jinping’s upcoming trip to Japan for the G20 Summit will reinforce international consensus on upholding multila
teralism and an open economy amid rising protectionism that looms large over the global economy, observers said.上海419品茶微信
They said Xi’s upcoming meeting with United States President Donald Trump on the上海419品茶微信
sidelines of the summit could also de-escalate bilateral trade tensions between the world’s two largest economies.
上海419品茶微信Xi will be in Japan from Thursday to Saturday to attend the 14th G20 Summit in Osaka at the in
vitation of Japanese Prime Minister Shinzo Abe, Foreign Ministry spokesman Lu Kang said on Sunday.上海419品茶微信
President underlines two-way cooperation, strategic coordination
China and Turkey should enhance mutual strategic trust and respect each other’s core interests
and major concerns on such issues as sovereignty, independence and territorial integrity, President Xi Jinping said on Tuesday.
Xi made the remark while meeting with Turkish President Recep Tayyip Erdogan at the Great Hall of the People in Beijing. Previously, Xi hosted a welcoming ceremony for Erdogan.
Erdogan said that Turkey firmly supports the one-China policy, and that it is a fact that the people of all ethnicities in Xinjian
g are leading a happy life amid China’s development and prosperity. Turkey will not allow anybody to sow dissension among the two countries, he said.
Noting that both China and Turkey are important emerging markets and developin
g countries, Xi said it is of great significance for them to enhance strategic cooperation.
The two countries also should strengthen strategic coordination, consolidate the politica
l foundation of the China-Turkey strategic cooperation and cooperative relationship, a
nd ensure that the bilateral relations always operate on a healthy and stable track, Xi said.
China appreciates that Erdogan has reaffirmed his commitment many times to not allow any forces to carry out anti-Chinese or separatist activities in Turkey, Xi said.
China attaches great importance to Turkey’s stance of supporting China’s fight against te
rrorism, Xi said, adding that China would like to enhance their anti-terrorism cooperation.
Xi said the two sides should enhance connection of development strategies and deepen practical cooperation. Hailing Turkey as an important partner for join
tly building the Belt and Road, Xi said that China would like to speed up connecting the Belt and Road with Turkey’s Middle Corridor plan, and pro
mote the cooperation in areas including trade, investment, science, energy, infrastructure and major projects.
University, said, “Although the DMZ meeting has created significant momentum that will help restart a change on the Korean Peninsula, as sanctions will remain in place, chances are
上海419品茶微信not high that the meeting will lead to a major change in the short-term trajectory of denuclearizing the peninsula.”
One of the most encouraging signs that emerged from the meeting between President Xi Jinpi
ng and US President Donald Trump on the sidelines of the G20 Summit in Osaka on Saturday was the s 上海419
oftening of Trump’s stance on the sanctions the US administration had imposed on Chinese telecommunications equi
pment provider Huawei. Trump said US companies can continue selling telecom components to Huawei. 上海419
If US companies indeed continue selling telecom components to Huawei, it will come as a big relief to the world at a time when th
e international community fears the “technology decoupling” of world’s largest and second-largest economies could u 上海419品茶微信
ndermine global technological development, especially the commercialization of 5G technology, in which Huawei is a leading global player.
Previously the US administration was reportedly mulling banning 5G telecom equipment designed and manufactured in China, includin 上海419
g those made by multinational companies such as Ericsson and Nokia, from the US market.
The fact is, as a global leader in 5G, Hu
上海419品茶微信awei is too big to fail. After the US administration banned American companies from selling chips to Huawei an
d other Chinese companies, Silicon Valley has suffered as much, if not more than, Huawei. Besides, some companies co
ntinued to supply chips to Huawei via their overseas branches in order to avoid violating the US ban. 上海419品茶微信
Hopefully, the Xi-Trump meeting and the likely resumption of trade talks between China and the U
S will prompt Washington to adopt a consistent and the right approach toward Chinese high-tech co
mpanies, not least because China tends to treat all companies, domestic as well as foreign, equally. 上海419品茶微信
For example, with research and development centers and manufacturing bases in China, Er
icsson and Nokia have won big contracts in the just launched bid for 5G network devices. These companies hav
e been supplying to markets and serving telecom operators and enterprises across the globe, by capi
talizing on China’s skilled workforce, world-class infrastructure and complete industrial chain.
Yet, if the US does not lift the ban, such companies would have to endure higher production co
sts. They could even be forced to transfer their businesses out of China, although both Ericsson and Nokia cl
aim they can operate production bases in other countries despite the higher costs, due to the flexible supply chain.
According to a news release from the local fire department, the battery of an electric bicycle parked beside a building for s
tudents ignited, starting the fire. The incident is still being investigated and some people have been detained.
This is not the first fatal fire caused by an electric bicycle. In December 2017, five people were killed and nine injured when an electric bike started a fire in Beijing, and
in July last year, one person was killed and another injured in Wuxi, Jiangsu province. In fact, type “electric bicy
cle” and “fire” into any online searching engine and you will get hundreds of pages recording them.
How could that happen?
me. There are already 300 million electric bicycles in China, roughly one for every four persons.
However, when it comes to charging the bikes, a big proble
m has emerged. As a growing number of people live in residential buildings without separa
China and the United States are expected to come to an agreement soon over trade frictions, analysts said, as the negotiating teams a
re reported to be discussing the wording of an accord and considering applying the brakes to their tariff standoff.
They made the prediction after Chinese and US officials said there had been concrete p
rogress on multiple issues in the latest round of trade talks in Washington.
During the latest talks, held from Thursday to Sunday in Washington, the seventh round since February of last year, th
e two sides focused on the text of an agreement, the Chinese delegation said, according to a Xinhua News Agency report.
The negotiators also had made substantial progress on such specific issues as technology transfers, protection of i
ntellectual property rights, nontariff barriers, the service industry, agriculture and exchange rates, the delegation said.
On the basis of the latest progress, the two sides are expected to continue their work
into the next stage, in accordance with the instructions of the two countries’ top leaders, according to Xinhua.
If Europe’s leaders, diplomats and security professionals had a vote in the 2020 US presidential elections, it doesn’t see
m likely they’d give it to President Trump. At least, that’s how it seemed at the 2019 Munich Security Conference.
Hundreds of dignitaries crammed into tight corridors, moving between the modest meeting halls of Munich’s Bayerischer Hof Hotel.
The event has grown in recent years. As prime ministers and presidents rub shoulders wit
h CEO’s and policy wonks, conversations straddle global differences and attempt to shape the world order.
Biden says US should remain committed to its allies abroad
It is an odd, almost old-fashioned mix. It’s rare at global summits these days that repo
rters can mingle with the people they cover and even engage them in casual conversation.
NATO Secretary-General Jens Stoltenberg surprised me, praising my sturdy weather-beating boots and trou
sers. He laughed when I told him he was lucky inside. I was outside, the sun was blazing and, frankly, I was baking.