You Wenze, a spokes亚博足球app官网乌托邦he Foreign Affairs Com

mmittee of the National People’s Congress, said some US po

liticians have glorified violent crimes in Hong Kong as protests for human rights and freedom, wh亚博足球app官网乌托邦

ile smearing as violent suppression Hong Kong police efforts at law enforcement and maintaining social order.

亚博足球app官网乌托邦女神会所Move expected to energize Greater Bay Area, enrich practice of ‘one country, two systems’

China will support Shenzhen, adjacent to Hong Kong, in building a demonstration pi

lot zone for socialism with Chinese characteristics, under a guideline issued on Su亚博足球app官网乌托邦

nday by the Central Committee of the Communist Party of China and the State Council.

It will help better develop the Guangdong-Hong Kon

亚博足球app官网乌托邦g-Macao Greater Bay Area and enrich the practice of the “one country, two systems” principle, the gui

deline said, adding that it will be a good way to explore a new path in building a great modern socialist country in

an all-around way and providing strong support for realizing the Chinese dream of great national rejuvenation.亚博足球app官网乌托邦女神会所

The guideline said that by 2025 Shenzhen will rank among the

top cities in the world in economic strength and quality of development, with inten亚博足球app官网乌托邦

sive research and development investment and world-class industrial innovation capacity.

It will be built into a modern, international and innovative city by then, with its cultural power greatly enhanced and it亚博足球app官网乌托邦女神会所

s public service level and ecological environment quality reaching an international advanced level, it said.

By 2035, Shenzhen will become a national model of high-quality develo

亚博足球app官网乌托邦pment and a globally recognized center of innovation and entrepreneurship. It will become an exa

mple for China to build itself into a powerful modern socialist country, the guideline said.亚博足球app官网乌托邦女神会所

By midcentury, Shenzhen will become a global benchmark city in

its competitiveness, innovation and outstanding influence, it added.

shidaikangfuyiyuan.cn

Survey items include亚博足球app官网乌托邦 the use of land reso

ources, ownership, and natural and economic conditions. Permanent, basic farmla

亚博足球app官网乌托邦品茶微信nd will be a focus in the survey, which is expected to be unveiled to the public in 2020.

Currently, all 2,873 counties in China have finished the field investigation and quality review for the first round of the survey. Afte

r September, the ministry will work with local natural resource departments to double ch亚博足球app官网乌托邦

eck the results with updated information. The deadline for the final survey result is the end of the year.

According to Wang, data from 326 counties have been reviewed by the natural re亚博足球app官网乌托邦品茶微信

sources department at provincial level and are now under review at the state level.

Zhu Liuhua, deputy director of the State Council’s supervision team on the third national land survey, said the survey is s

upported by advanced remote sensing technology to guarantee the accuracy of the results.

Zhu said satellite remote imaging with resolution higher than one meter has been introd亚博足球app官网乌托邦

uced as the base mapping for the survey, and cloud computing

will help to review the map with pictures being taken at all sites by local professionals.亚博足球app官网乌托邦品茶微信

China’s second national land survey was conducted betwe

en 2007 and 2009. The country’s first national land survey ended in 1996. Accordi

亚博足球app官网乌托邦ng to the second national land survey, China has about 135 million hectares of arable land.

China is on track to achieve its goal of boosting the contribution of scientific and

technological progress in agriculture to more than 60 percent by the end of next year.亚博足球app官网乌托邦

Last year, innovations in the sector, including improved crop strains and more effective, environmentally friendly farm

ing practices, accounted for 58.3 percent of total growth, up more than 10 percent from 2005 and

nearly 5 percent higher than seven years ago, according to the Ministry of Agriculture and Rural Affairs.

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A total of 29 people wer亚博足球app官网乌托邦ed on offenses includi

ding unlawful assembly and assault, according to the latest figure given by police.

亚博足球app官网乌托邦”Violent protesters who breached the law should also be brought to justice,” a government spokesperson said.Pro

testers hold up placards reading “No (Japan)” during a rally against Japan’s decision to remove the Republic of Kore

a from a so-called “white list” of favored export partners, near the Japanese embassy in Seoul on S亚博足球app官网乌托邦

Waving banners and signs and chanting anti-Japan slogans, thousands of protesters marched in Seoul on Saturday to exp

ress their anger at Japan’s decision to downgrade the Republic of Korea’s trade status amid an escalating diplomatic row.

亚博足球app官网乌托邦品茶微信Huge crowds swarmed the streets in front of the Japanese embassy, carrying signs that read “Boy

cott Japan” and “No Abe”, referring to Japanese Prime Minister Shinzo Abe. They shouted “We co

ndemn the Abe government” and “Let’s end humiliating South Korea (ROK)-Japan relations”.

The protesters later marched to a nearby boulevard for a candlelight vigil, also calling for the Se亚博足球app官网乌托邦

oul government to end a military intelligence-sharing pact with Tokyo and fully discard a 2015 deal bet

ween the countries over compensating ROK women who were forced to work in Japan’s World War II military brothels.

亚博足球app官网乌托邦Police didn’t immediately provide a crowd e

stimate, but organizers said about 15,000 people participated in the rallies.

The protest came a day after Japan’s Cabinet approved the removal of the ROK fro

m a list of countries with preferential trade status, which would require Japanese亚博足球app官网乌托邦品茶微信

companies to apply for case-by-case approvals for exports to the ROK of hundreds of items deemed sensitive.

亚博足球app官网乌托邦The decision followed a July measure to strengthen controls on certain technology e

xports to ROK companies that rely on Japanese materials to produce semiconduc

tors and display screens used in smartphones and TVs, which are key ROK export products.亚博足球app官网乌托邦品茶微信

Seoul says the Japanese trade curbs could hurt its export-dependent economy and has accused Japan of weaponizing

trade to retaliate over bilateral disputes stemming from their bitter wartime history.

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David Wang, head of亚博足球app官网乌托邦nomics at Credit Suisse

?said another cut in the reserve requirement ratio — which wi

亚博足球app官网乌托邦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亚博足球app官网乌托邦品茶微信

ected to further broaden,” said Cheng Shi, chief economist of ICBC International.

亚博足球app官网乌托邦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.亚博足球app官网乌托邦品茶微信

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

亚博足球app官网乌托邦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亚博足球app官网乌托邦

ation activities, securing the GDP growth rate for the second half at 6.3 percent.

亚博足球app官网乌托邦品茶微信
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亚博足球app官网乌托邦

le consumption will counter the drag from exports and manufacturing investment.

亚博足球app官网乌托邦品茶微信
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.亚博足球app官网乌托邦

“In the second half, the much-anticipated new board is expected to raise public interest i

亚博足球app官网乌托邦品茶微信
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.

cctif.cn

The US must handle Taiw亚博足球app官网乌托邦sues correctly and

?not repeat its mistakes or even “play with fire” over the is

sues, Wang said, warning it against attempts to create new trouble for Sino-US ties.亚博足球app官网乌托邦品茶微信

Ma Xiaoguang, spokesman for the State Council Taiwan Affairs Office, sa

亚博足球app官网乌托邦id the transit is an attempt by Tsai and the Democratic Progressive Party to use fore

ign forces to challenge the one-China principle and disrupt cross-Straits peace and stability for political purposes.亚博足球app官网乌托邦品茶微信

No forces should underestimate China’s determination and ability to s

afeguard its national sovereignty and territorial integrity, Ma said in a news release.

亚博足球app官网乌托邦The Democratic Progressive Party has ignored the safety and wellbeing of

the people of Taiwan and has misjudged the situation by courting foreign support and s

erving as a pawn for foreign intervention in China’s domestic affairs, Ma said.亚博足球app官网乌托邦

China has sufficient policy tools and new measures to further optimize its fo

亚博足球app官网乌托邦品茶微信reign trade structure and deepen ties with new markets, especially those involved in the Be

lt and Road Initiative, in the second half of the year, a senior customs official said on Friday.

“We face a series of challenges in achieving stable foreign trade growth,” said Li K亚博足球app官网乌托邦

uiwen, spokesman for the General Administration of Customs, at a news briefing.

He made the comment after customs released the country’s trade dat亚博足球app官网乌托邦

a for the first half of the year. Foreign trade increased by 3.9 percent year-on-year, tot

亚博足球app官网乌托邦品茶微信aling 14.67 trillion yuan ($2.16 trillion), with exports growing by 6.1 percent year-on-year. Imports rose 1.4 pe

rcent, and the country’s trade surplus widened by 41.6 percent year-on-year to hit 1.23 trillion yuan during the same period.

Last year, foreign trade in the first half grew by 7.9 percent year-on-year, with exports rising 4.9 percent and imports up 11.5 percent.亚博足球app官网乌托邦

“The sector remains quite resilient” against the headwinds of Sino-US trade disputes and slowing global economic growth, he said.

Li also said that Sino-US trade frictions have had some impact on t亚博足球app官网乌托邦

品茶微信

he country’s foreign trade, but the impact is “largely controllable”. “Our foreign trade as a who

le continued to expand as the world remains optimistic about the potential of the Chinese market,” he said.

www.shuyin-edu.cn

Speaking about the music亚博足球app官网乌托邦’s music director Jesse

Warkentin, says: “Gershwin’s music is full of pictures, romantic and

sensory. And it takes the audience back to the city in 1945, at the end of World War II.”亚博足球app官网乌托邦女神会所

Sean Kelly, resident director of the musical, in Beijing, who spent two decades

亚博足球app官网乌托邦as principal dancer with Houston Ballet, had taught at the Beijing Dance Academy for a year in the early 1990s.

“Compared with the movie, the musical is more dramatic. And we worked hard on the casting to make

the dance dynamics come alive onstage,” Kelly says. “Chinese audiences enjoy musicals. But what e

xcites me more is that they like discussing the stories and characters with us after the shows.”亚博足球app官网乌托邦女神会所

A new musical marking the 70th anniversary of New China’s founding will premiere at the China National Theater for Children on July 6.

亚博足球app官网乌托邦Stars in the Flame?tells the story of children who lost their parents during the War of Resistance Against Japanese Aggression (1931-45).

It centers on the Battle of Songhu, also known as the Battle of Shanghai, which was one of the bloodiest conflicts during the war.

The work directed by Zhao Yu and composed by Wang

Gang is the opening play of the ninth China Children’s Theater Festival.亚博足球app官网乌托邦女神会所

“We went to Shanghai and Wuhan to learn about the history,” Zhao says.

“It was an unforgettable experience since we’ve learned many lesser-known sto

ries, especially those about the orphans who fought alongside our soldiers.”

Another children’s play, based on Danish author Hans Christian Anderse亚博足球app官网乌托邦

n’s classic fairy tale,?The Little Mermaid, will also open the festival on July 6. The Chinese-Dan

ish joint production is directed by Torkild Lindebjerg and composed by Dane Jens Tolsgaard.亚博足球app官网乌托邦女神会所

The festival is staged annually during the summer vacation under the theme, “art changes lives”.

From July 6 to Aug 11, 57 theatrical productions from 14 countries, including the United

States, Japan and Russia, will stage 191 performances at the China National Theater for Children.

shanyankun.cn

During Li’s visit to Jap亚博足球app官网乌托邦o sides signed docum

ents in areas 亚博足球app官网乌托邦such as cultural exchanges, medical care and public health, service trade, third-party mark

亚博足球app官网乌托邦女神会所et cooperation and building sea and air communication mechanisms, some of which have already yielded results.

And when Abe visited China, 12 cooperation documents-two agreements and 10

memorandums of understanding-and 52 documents on the Belt and Road Initiative were signed between the two governments, and companies and or亚博足球app官网乌托邦

ganizations from either side. These documents and cooperation projects on infrastructure facilities, logistics, inf

ormation technology and finance have laid the basis for upgrading China-Japan relations in the new era.亚博足球app官网乌托邦

However, to develop Sino-Japanese relations in a way that meet the requ

irements of the new era, some principles and guidelines have to be followed.

亚博足球app官网乌托邦Politically, the two sides should abide by the principles enshrined in the four political doc

uments inked by the two governments, and ensure the two sides are cooperation partners, not a threat to ea

ch other. Exchanges and coordination at all levels, particularly those between the leaders, should be strengthened to de亚博足球app官网乌托邦女神会所

epen mutual trust and help Sino-Japanese ties to evolve on a friendly and cooperative track.

On the economic front, the two sides should deepen cooperat

ion in investment, third-party markets, technology and innovation so as to boost mu亚博足球app官网乌托邦女神会所

tual economic growth and promote regional economic integration, including accelerating the regional economic coop

eration negotiation process, encouraging enterprises to increase investments in each other’s country and bu亚博足球app官网乌托邦女神会所

ild a fair, nondiscriminatory and predictable business environment for companies from both sides.

The cultural bonds between the two countries need to be further strengthened. And the two sides should expedite t

heir efforts to promote youth exchanges and people-to-people engagement in order to deepen mutual un

derstanding. It is good to see that the two governments have decided to take the 2019 China-Japan Youth Exchange Pro

motion Year as an opportunity to initiate senior-level cultural exchanges to bring the two peoples closer.

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Expectation of Fed ra亚博足球app官网乌托邦s an over-reaction

Herd instinct is the human nature to follow the crowd and act collectively – and market expectation always does not change smoothly but t

亚博足球app官网乌托邦ends to over-react to new information. The current market expectation of the US Federal Reserve’s rate cuts is a case in point.

On June 20, the latest meeting of the Fed’s policy-setting Federal Open Market Committee shrugged off the market’s high expectation of rate cuts and gave no clear policy signal confirming a cut.

We believe the market had overreacted in forming its expectation of rate cuts after the Fed swiftly adopted a dovish tone from the end of last亚博足球app官网乌托邦

year. Specifically, we believe market expectation – it has formed since May – of a change in policy stance, as well as the timing and degree of rate cuts, may not fully materialize.

We will elaborate on this now. It should be noted the misconceived expectation of Fed rate cuts could ind亚博足球app官网乌托邦

uce a drastic reversal in investor sentiment and asset price fluctuations, if the Fed’s moves miss expectation.

Firstly, the market may have overestimated the degree of the Fed’s policy stance change. A clear rate cut signal may not emerge until the end of this month.亚博足球app官网乌托邦

According to Bloomberg, the Fed funds futures market has recently priced in a 98.5-percent chance that the Fed will lower rates at least once this year.

亚博足球app官网乌托邦品茶微信However, the Fed’s earlier forward guidance only indicated the end of monetary policy n

ormalization, which does not necessarily point to the beginning of a rate cut cycle. Also, the Fed h

as removed the word “patient” from the latest FOMC meeting statement but did not confirm a rate-cut stance.

We believe that because of the following two reasons, the Fed is still on cautious lookout, and t

here will not be any clear rate cut signal or plan until the next FOMC meeting at the end of this month.亚博足球app官网乌托邦品茶微信

Externally, the Fed is expected to stand pat until trade dispute uncertainties ease, to give itself an advantage in its game with the US Administration.

The Fed would put itself in an unfavorable position if it initiated a rate cut before majo亚博足球app官网乌托邦品茶微信

r uncertainties over the China-US trade dispute are removed, because the pre-emptive move may enc

ourage the US Administration to escalate the trade dispute, which will in turn pose a dilemma to the Fed.

That’s because any escalation in trade tensions will, on the one hand, d

ssipate and even offset the easing boost from rate cuts and force the Fed to accelerate the亚博足球app官网乌托邦品茶微信

rate cut pace. On the other hand, the escalation could further fuel imported inflation, which will significantly reduce the

Fed’s room for rate cuts. The Fed will then face a policy-making dilemma of whether to further cut rates.

www.shejio.org

dancers pose for a group photo on theSpanish Day at

For anyone interested in Spanish and the vibrant cultures of the Spanish-s

亚博足球app官网乌托邦peaking world, the annual Spanish Day is a real feast that certainly cannot be missed.

As a traditional open day of the Beijing arm of the Cervantes Institute, a Spanish cultural center, the Spanish Day is celebrated to honor learners, lovers and promoters of Spanish, the world’s second most spoken native language.亚博足球app官网乌托邦

Held on June 22 this year, the event featured young soccer players and Spanish learners who staged a medley of sports and artistic performances. In addition, as a prelude to the exhibition Writer Picasso, those young participants also created a mega-sized mosaic artwork as a tribute to the Spanish master.亚博足球app官网乌托邦品茶微信

Supported by the embassies of Spanish-speaking countries such as Uruguay, Mexico and Argentina, the 12-hour-long open day sh亚博足球app官网乌托邦

owcased how diverse and intriguing the Spanish culture is through dance performances, film screenings, concerts, foods and more.

Construction of the second 330-meter-tall tower for one of the world’s largest cable-stayed bridges was completed in East China’s Jiangsu province on Thursday.

亚博足球app官网乌托邦品茶微信The 11,072-meter-long Hutong Yangtze River Bridge, linking the cities of Nantong and Suzhou, is de

signed with a main span of 1,092 meters, making it the world’s first road-rail cable-stayed bridge with a span over 1,000 meters.

Ning Chaoxin, with the China Railway Major Bridge Engineering Group Co., Ltd (MBEC), the project’s contractor, said the two c亚博足球app官网乌托邦品茶微信

able towers are the key force structure of the bridge. The longer the bridge spans, the higher the cable tower needs to be.

To ensure the shipping on China’s busiest waterway, the bridge is designed to have a longer span. About 73,000 cubic meters of concrete

and 11,000 tonnes of steel bars were used to build each tower, whose height is equivalent to a 110-storey skyscraper.

Ning said the huge construction volume is required so that the bridge can withstand

violent typhoons, magnitude-8 earthquakes and impacts from the collision of a 100,000-tonne ship.

The bridge will have a 6-lane expressway on the upper deck and four railway tracks on the lower deck.

The track laying on the bridge will start in January 2020, according to MBEC. The bridge is expected to ensure the river shipping on the Yangtze, while easing the roa

d and railway traffic pressure in the Yangtze River Delta region, China’s economic powerhouse.

www.sh419pp.com

Mnuchin also said Trump 亚博足球app官网乌托邦品茶微信 him to designa

te Iranian Foreig亚博足球app官网乌托邦品茶微信n Minister Mohammad Javad Zarif “later this week.” The n

ew order allows Mnuchin to impose sanctions on officials appointed to their position by the Iran’s supreme leader.

Facing mounting US pressure, Zarif, in response to the new sanctions, tweeted th

at the hawkish senior US officials close to Trump “despise diplomacy, and thirst for war.”

“Nobody in a clear mind can accept to have a dialogue with somebody that is threaten

ing you with more sanctions,” Iran’s ambassador to the United Nations Majid Takht Ravanchi told reporters on Monday.

Ties between the United States and Iran have deteriorated after Washing

ton walked away from the landmark 2015 Iran nuclear deal in May 2018 and rei

mposed energy and financial sanctions, which had been removed under the deal, on Iran.

Iran has suspended parts of its commitments subject to the nuclear deal and have threatened to go further.

www.ozsnl.cn