Upgraded bilateral project上海乌托邦portant role in bay area

The Sino-Singapore Guangzhou Knowledge City is getting

bolder in its reforms and experimentation, following an official upgrade centering on its ambitio上海乌托邦女神会所

ns to be a world-class knowledge city, an outstanding source of innovation in the region and a global talent magnet.

According to a framework agreement signed by the Chinese and Singaporean governments on Mo上海乌托邦

nday, the iconic Sino-Singaporean collaboration project based in Guangzhou, capital of South China’s

上海乌托邦Guangdong province, was officially elevated to the status of a State-level bilateral project.

Both governments pledged in the agreement that they will use the project to deepen coopera上海乌托邦

tion in the fields of technological innovation, advanced manufacturing, artificial intelligence, int

上海乌托邦女神会所ellectual property protection, smart city construction and urban management.

According to official figures, 1,216 companies have registered with SSGKC since 2010, with an

aggregate registered capital of 125.8 billion yuan ($18.1 billion) and about 91 billion yuan in fixed assets.上海乌托邦

Industry insiders said companies registered with SSGKC, especially those in the sector of biomedic

ines – including General Electric, BeiGene and Innocare – will see explosive growth once they are p上海乌托邦女神会所

ut into operation in the next two years and will make the community a global rising star in its field.

上海乌托邦Shortly after the agreement, the Guangzhou government said in a press release that as a model for a city’s

knowledge economy, SSGKC will undertake more innovative reforms and measures to make itself Guangzhou’s top in

vestment destination for global enterprises and an ideal place for them to develop.上海乌托邦女神会所

Companies in the knowledge city will also enjoy incentive policies that the c

ountry has gradually rolled out for the pilot free trade zones and will work together to cre

ate a model for the integration of advanced manufacturing with free trade, according to the local government.

The knowledge city is seeking approval from higher-level authorities

to launch 18 innovation policies, across the fields of intellectual property, financial services, foo

d and medicine supervision, and for the construction of key platforms, the press release said.

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Expectation of Fed ra上海乌托邦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

上海乌托邦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上海乌托邦

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上海乌托邦

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.上海乌托邦

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.

上海乌托邦品茶微信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.上海乌托邦品茶微信

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上海乌托邦品茶微信

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上海乌托邦品茶微信

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.

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He said that colla上海乌托邦品茶微信mon developmen

t by China and上海乌托邦品茶微信 Africa will underscore important contributions to strengthening the power of developing coun

tries, building of a new type of international relations and creating a community with a shared future for mankind.

The two-day meeting was attended by about 500 delegates, including more than 80 ministerial officials from 53 African countries and the African Union.

State Councilor and Foreign Minister Wang Yi said at the opening ceremony that Beijing’s coop

eration with the continent is different from that of traditional powers. For some time, some outsi

de forces have tried to slander and undermine China-Africa cooperation by fabricating accusations of neocolonialism an

d so-called debt traps, which are totally groundless and not accepted by the African people, he said.

Such attempts constitute a total lack of respect for Africa, a lack of understan

ding about China and an absence of knowledge about the friendship between the two, he said.

oxkinp.cn

America’s 上海乌托邦女神会所China basracted a more than

hing is especial上海乌托邦女神会所ly problematic in threatening to turn a trade war into a protracted and destru

ctive economic cold war,” Roach said. “Now, more than ever, a fragile world is in desperate need of political will and wisdom.”

Discussions between the Chinese and US trade teams are underway, said Vice-Minister of Commerce Wang Shouwen on Monday.

Speaking at a news briefing, Wang said China supports necessary reform in the World Trade Organization to promote its authority and efficiency.

“We hope the G20 summit could further build positive consensus on advocating for the

multilateral trading system and opposing unilateralism and protectionism.”

The country will stick to open policies, building a free, fair, nondiscri

minatory, transparent, foreseeable and stable trade and investment environment, Wang said.

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The two countries上海乌托邦品茶微信n for a brig

ght future of bila上海乌托邦品茶微信teral ties and reached a streak of major consensuses, Xi sa

id, adding that the two sides agreed that China and the DPRK need to unswervingly pass down their tra

ditional friendship from generation to generation and continue writing new chapters of the times.

Beijing and Pyongyang also agreed that a political settlement of the nuclear issue in the Korean Peninsula is a popular aspiration

and an inevitable trend, and that they need to continue to stick to peace talks so as to make even greater co

ntributions to peace, stability and prosperity in the region and the wider world, Xi said.

Kim said that in their joint socialist construction endeavor, the DPRK and China have alrea

dy formed a tradition of sharing weal and woe as well as supporting each other and cooperating.

The two leaders affirmed the socialist system as the core of mainta

ning the DPRK-China friendship during their four meetings in the past year, Kim said.

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ork has been se上海乌托邦品茶微信as a wave of strikes

ance’s rail netw上海乌托邦品茶微信ork has been severely disrupted, as a wave of strikes against President Emmanuel Macron’s labour reforms gets under way.

The start of the strike has been dubbed “Black Tuesday”, but the action will spread over three months, affecting two days in every five.

Staff at state railway SNCF are leading the strike, but the energy and waste collection sectors are also affected.

The unrest presents Mr Macron’s biggest challenge since his election last May.

How is the strike taking hold?
With the four main rail unions observing the strike, servic

es have been severely curtailed. Some 77% of SNCF drivers are on strike, and 48% of all staff.

Only one in eight high-speed TGVs are scheduled and only one in five regional trains.

Commuter lines into Paris have also been slashed and bus services have been hugely ove

rcrowded. Some stations were crammed for the few trains available, others were deserted.

The website that measures car traffic around the capital recorded about 420km (260 miles) of jams at rush hour.

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Speaking of China’s rol上海乌托邦品茶微信o steadfastly purs

e a peaceful deve上海乌托邦品茶微信lopment path and share development opportunities with all part

ies, especially through Belt and Road cooperation and more conveniences in market access.

He also called for equal dialogue based on mutual respect and adhere

nce to multilateral trade rules in addressing economic and trade problems, stressing tha

t relevant sides should never readily resort to protectionism and unilateralism.

Xi arrived here Friday for the CICA summit and a state visit to Tajikistan.

Tajikistan is the second leg of Xi’s two-country Central Asia trip, which also

took him to Kyrgyzstan for a state visit and the 19th Shanghai Cooperation Organization summ

it.The Fifth CICA Summit takes place at the Kohi Navruz (Navruz Palace) in Dushanbe, Tajikistan on Jun

www.headun.cn

On a month-on-month basis, new home prices in Dalia

 and Nanning 上海乌托邦女神会所rose 0.7 percent and 0.9 percent, respectively. On a year-on-

year basis, new house prices in these cities grew 13.2 percent and 11.5 percent, respectively.

Although excluded from the 70 major Chinese cities surveyed by the

National Bureau of Statistics, Foshan and Suzhou also saw a surge in home prices in April.

There are signs that the central government will not change its resolution to control house p

rices, Zhang said, adding that in the future the real estate market will continue to crack down on speculation.

On May 11, Suzhou tightened housing policies further, China Daily earlier reported. The dow

n payment ratio for a family’s first home purchase has been raised from 20 percent to 30 percent.

Newly built property in certain parts of the city cannot be traded for a three

-year period after purchase, and for five years in the case of pre-owned property.

qiancengdian.cn

So by holding lectures, conducting dialogues and screen

ning movies related to the countryside and contributed by guest authors, the region’s local literary legacy can both be re-examined and extended.

Many modern and contemporary works of Chinese literature touch on common rural issues – childhood upbringing, family inheritance and people’s exp

erience of being stuck on the bottom rung of society – that have been rooted in Chinese farming culture for thousands of years.

China’s urbanization has been rapidly progressing to the extent that rural life has become

something unfamiliar to the majority of the population, which is very different from what it was like just three de

cades ago, according to Ge Fei, author and a Chinese literature professor at Tsinghua University in Beijing.

He was rst day of the festival, interpreting what it means to us when rural societies fade away.

qianpadae.com

Students to be vital cogs in travel sectordents born betwe

College students born between 1995 and 2000 are becoming a vital new part of the dynamic travel market in China, with most of th

e young students making their first summer trips after enrolling in colleges, a new study said.

Though the motivation for making tours is relatively high among college students, their choices are

limited due to economic constraints with price being the major criteria for booking flight tickets, said the stud

y conducted by Qunar, an online travel firm owned by Ctrip, China’s largest online travel agency.

During summer vacations, students tend to choose flights that depart b

tween midnight and 2 am, as well as between 5 am and 9 am. The number of bookings of red-e

ye and budget flights is nearly three times higher than other regular flights, the Qunar study said.

sjhtjn.cn