The central bank annou上海千花网sures to reform the

The central bank annou上海千花网sures to reform the

e interest rate regime on Saturday. It decided to use the loan prime rate (LPR), the price of loans banks offer to their best cli

ents, as a new reference for bank loans, instead of the existing one-year benchmark lending rate.上海千花网

The new LPR was reported for the first time on Tuesday at 4.25 percent for one-year loans, low

上海千花网女神会所er than the 4.35 percent one-year benchmark lending rate which has been unchanged since August 2015. The LP

R for five-year loans was at 4.85 percent, according to the National Interbank Funding Center.

Many analysts have seen the new measure as an alternativ上海千花网女神会所

e way of cutting overall interest rates. In response, central bank officials said the reform itself

cannot replace the monetary policy or other policies, but it can improve the effectiveness of monetary policy.

Sun Guofeng, head of the central bank’s Monetary Policy Department, said the market-oriented inte上海千花网女神会所

rest rate reform will not have a direct impact on the renminbi exchange rate. “The market rates are directly

上海千花网related to the exchange rate, but this reform is not involved with changes of market rates.”

He said the current interest rate spread between China and the United States “is within a comfortable zone”.

While many developed countries use monetary easing to spur econ上海千花网女神会所

omic growth, China is the only country among major economies to retain a normal mone

上海千花网tary policy, and the valuation of yuan-denominated assets is still at a relatively lower level. All of these factors can hel

p to maintain the renminbi exchange rate at a stable and adaptive level, Sun added.

Even under the new scheme, the interest rate level for mortgage loans will not decline, as the government will not ease the rea上海千花网女神会所

l estate control policy nor use real estate as a tool to stimulate short-term economic growth, said

Liu, who disclosed that the interest rate policy for personal mortgages will be revealed in several days.

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International carmak上海千花网 insolated. GM’s two

International carmak上海千花网 insolated. GM’s two

o joint ventures-SAIC-GM and SAIC-GM-Wuling – saw their sales in the fir

st seven months drop 13 percent to 945,646 and 28 percent to 853,212, respectively.上海千花网

French carmakers have been further marginalized. The market share of Peugeot, Citroen and Renault combined w

上海千花网女神会所as a meager 0.7 percent in the first seven months, down from 1.6 percent in the same period last year.

PSA Group’s Chinese joint venture Dongfeng Peugeot Citroen Automobiles has

decided to halve its workforce to 4,000 as it closes one plant and sells another.

“We’re just a whisker away from having to withdraw from Chi上海千花网

na,” one person close to the PSA board told Reuters. “It really is that serious.”

Its sales in the country shrunk almost threefold to 251,700 vehicles last year from a 2014 peak of 731,000, according to Reuters.

上海千花网女神会所Premium carmakers have managed to grow though despite the headwind in the overall car market.

Lexus, Toyota’s premium arm, saw its sales from January to July total 109,933, up 31 percent year-on-year.

Mercedes-Benz’s July sales grew 11 percent from July 2018 to 60,093,上海千花网

bringing its sales in the first seven months to 410,097, up 2 percent year-on-ye

ar. Audi delivered 56,365 vehicles in July, up 6.1 percent from one year earlier.

Sales from January to July grew 2.5 percent year-on-year to 368,867 in its largest market.上海千花网女神会所

Some 8,500 groups of dancers from 150 countrie

s and regions are competing at the 2019 Blackpool Dance Festival (China), w

hich kicked off at the Shanghai Baoshan Sports Center on Sunday and will last through Tuesday.上海千花网

Top ballroom dancers including Domen Krapez and Natascha Karabey fr

上海千花网女神会所om Germany, Eldar Dzhafarov and Anna Sazhina from Russia, and Troels Bager a

nd Ina Jeliazkova from the United States performed at the opening ceremony.

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China and the US had上海千花网close partners in integr

China and the US had上海千花网close partners in integr

grated research and development for most of the past four decades, Hu said.

上海千花网From 2012 to 2015, the number of collaborative research projects involving Chinese and US institutions increased by m

ore than 80 percent, according to a blue paper on China’s contribution to STI and global governance published by the ac

上海千花网品茶微信ademy last year. Chinese and US scientists had co-authored more than 55,000 papers by 2014.

Moreover, scientists from both countries had cooperated on climate change, clean energy, environmental protection, hea

lth, agriculture and other fields related to sustainable development and people’s livelihoods, the blue paper said.上海千花网

It added that Chinese enterprises had set up research and development facilities in the US, w

hile US companies had established more than 800 R&D centers in China covering industries including el上海千花网品茶微信

ectronics, information technology, software, food manufacturing, cosmetics, home furnishing and finance.

“These interactions have created a flow of talent and know-how to provide be上海千花网

tter products and services for the people of both countries and the world,” Hu said.

Over time, China and US had developed different but crucial positions in the global in

dustrial system and value chain, Hu said. The US was at the top, given its leading position in STI and emerging ind上海千花网品茶微信

ustries, while China was at the middle and lower end of the industrial and value chain, but striving to climb up.

Like Japan, Singapore, South Korea and other countries before it, China was improv上海千花网

ing its people’s living standards through education, trade, infrastructure investment and technologies.

上海千花网品茶微信”These feats mean China will inevitably close its gap with developed countries,” Hu said. “But

it does not mean China wants to or is capable of challenging the US’s global dominance.”

Historically, China’s technological rise was not an issue that troubled the US, he said, b上海千花网

ecause the US maintained its lead role by attracting the best talent from around the world to fuel its STI efforts – p

ushing new frontiers, making ne上海千花网品茶微信w products and climbing up the industrial value chain.

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modern service indust上海千花网eQianhai of Shenzhen

modern service indust上海千花网eQianhai of Shenzhen

 the zone is striving to be a world-class modern service industry cooperation zone with complete infrastructure, an

上海千花网品茶微信important production service center in the Asia-Pacific region, and a key base for international service trade.

At the end of 2017, the added value of firms registered in the zone reached about 150 billion yuan ($22.4 billion), ac

hieving the national target of output value per square kilometers of up to 10 billion yuan.上海千花网

The Qianhai Shenzhen-Hong Kong Modern Service Industry Coopera

上海千花网品茶微信tion Zone was approved by the State Council in August 2010, which is of strategic signific

ance on the occasion of the 30th anniversary of the establishment of the Shenzhen Special Economic Zone.

Guided by the principles of innovation, marketization, and internati上海千花网

onal standards, the zone is positioned as a pioneer in institutional and mechanism in

上海千花网品茶微信novation, the close cooperation of mainland Chia and Hong Kong, and the industrial upgrading of the Pearl River D

elta. Four major industries developed in the zone are finance, modern logistics, information services, and technological services.

Based on the existing solid cooperation foundation, the Guangdong-Hong Kong-Macao Greater Bay Area will m上海千花网品茶微信

ake full use of existing major cooperation platforms including Qianhai of Shenzhen, Nansha of Guangzhou, and H

engqin of Zhuhai to explore a new model for coordinated development. It will increase the

上海千花网pragmatic cooperation between the nine cities involved in the Pearl River Delta, Hong Kong, and

Macao, by promoting exchanges of personnel, materials, capital, and information. The cooperation platform w

ill inject a new impetus for Guangdong-Hong Kong-Macao development and play an exemp上海千花网品茶微信

lary role in the close cooperation among Chinese mainland, Hong Kong, and Macao.

Nansha of Guangzhou will join together with Hong Kong and Macao to build itself a high-standard getaway for opening-up. It will fu上海千花网品茶微信

lly leverage the advantages as a national high-tech zone and a pilot free trade zone, taking the functio

ns of international shipping and financial and technological innovation in the Greater Bay Area.

www.fyace.org

More than 18,500 vaccinations have been provided, and

More than 18,500 vaccinations have been provided, and

 more than 4,300 clients completed the standard s

eries of three vaccinations within six months.

上海千花网品茶微信The Boao pilot zone is the first place o

n the Chinese mainland allowed to import HPV 9-valent vaccine

s and other drugs without needing central government permission, in line with the nine prefe

rential policies granted by the State in 2013 – in this case, speci上海千花网

al permission to import medical technology, medical equipment and medicine.

The provincial health and drug administrations will also s

end more supervisors to the pilot zone to provide guidance and coordination and strengt上海千花网品茶微信

hen supervision of medical institutions, the statement said.he rates o

f incidence for dozens of vaccine-preventable diseases last year dropped to a re

cord low in China, thanks to the national immunization program, the Chinese Center for Disease Control and Prevention said.

上海千花网品茶微信According to the center, the program has expanded from three vaccines against six diseases when it was introduced in 1978 to 14 vaccines against 15 contagious ones now.

Since the early 21st century, vaccination rates for newborns and children in China have remained steady at more than 90 percent.

Gauden Galea, the World Health Organization representative in China, recognized the country’s achi

evements in preventing more than 4 million deaths throu

gh its extensive immunization program over the past 40 years.上海千花网

During an event last week to mark the annual National Child Vaccination Awareness Day, which falls on April 25 each ye

ar, he said that more than 300 million cases of infectious diseases, including polio, diphtheria and measles, had been avoided in China.

Restoring public confidence in vaccines and maintaining a high vaccination rate have emerged as global health issues recently, as an increasing number of count上海千花网品茶微信

ries, including the United States, Italy and the Philippines, have observed increasing or even record-breaking surges of measles in the past two years.

The WHO blamed vaccine hesitancy, meaning reluctance or refusal to take vaccinations on u

nfounded doubts about their safety and effectiveness, and listed that as one of the major threats to public health this year.

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all for a new multil上海千花网女神会所t combines missio

all for a new multil上海千花网女神会所t combines missio

on-oriented ru上海千花网女神会所les with a commitment to shared prosperity and environmental recovery and that leads by example, with or without the US.

“A new multilateralism must prioritize the role of global public goods needed to deliver shared prosp

erity and a healthy planet, promote cooperation and collective action to bring fairness and bal

ance to market outcomes, coordinate policy initiatives to mitigate common risks, and ensure that no nation’s pursuit of t

hese broader goals infringes on the ability of other nations to pursue them,” they said in a report published at a forum in

Osaka on Tuesday organized by China Daily. “In short, we need a global green ‘new deal’ to reclaim multilateralism.”

With the US having signaled its intention to withdraw from the Paris Agreement, other cou

ntries such as China, Germany and the UK are leading the way by phasing out fossil fuels, investing in clean techn

ologies and advancing green industrial policies, they said. “But actions at home must be globalized.”

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It’s important we have both of the visions. One is the visi

It’s important we have both of the visions. One is the visi

on to look into the future amid urban life, and the other is to look back

on rural history – it’s our past,” he says, adding that this contradiction – resisting urban

ization while at the same time embracing progress – has driven the emergence of modern thought and di

scourse, which has become the internal motivation for change in art, literature and philosophy.

Ethnic Tibetan writer A Lai, famous for his novel Settling Dust, which was also published und

er the title Red Poppies, says many of the writers today still depict rural life as they imagine it, rather than ob

serving and reflecting on it by honestly facing the challenges posed by globalization.

“We should be aware that many of the problems facing Chinese farmers and villagers today are universal,” he says.

ashpp.com

to reroute two other packages sent from Vietnam to

to reroute two other packages sent from Vietnam to

addresses elsewhere in Asia without authorization.

“Express service providers should never interrupt normal services for noncommercial purposes,” Ma said.

“FedEx values our business in China. Our relationship with Huawei Technologies and our relationships with all of our custom

ers in China are important to us,” the company said in a statement posted on its website on Saturday.

“FedEx holds itself to a very high standard of service. FedEx will fully cooper

ate with any regulatory investigation into how we serve our customers,” it said.

On Tuesday, FedEx China said in a statement that a small number of Huawei parcels were rerouted by mistake.

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new college graduates aged up to 24 years old increased by

new college graduates aged up to 24 years old increased by

ed by 8.4 percentage points, as the global financial crisis caused demands to fall drastically. It i

s possible that the Sino-US trade dispute could have a similar impact on the job market.

So the government should implement an expansionary macroeconomic policy to create a loose em

ployment environment and better implement social security measures to cope with frictional u

nemployment and the structural employment problem of college graduates.

To offset the possible negative impact of the Sino-US trade dispute on college graduates’ employment, the government sho

uld also expand post-graduate enrollment, increase internships for unemployed college graduates and imp

lement favorable policies to ease the enterprises’ financial burden so they can recruit more employees.

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The results of the elections for the European Parliame

The results of the elections for the European Parliame

nt are broadly in line with expectations. Although pro-European Union parties have won a majori

ty of the seats, the EP is more fragmented than before with traditional center-right and center-left par

ties losing seats to Liberals and Greens, and Euroskeptic parties increasing their vote share. This is likely to

make it more difficult for the EU to agree new trade deals and choose new leaders for EU institutions.

The heads of government of EU states met on Tuesday to discuss who will fill the top jobs.

The new EP and the EU leadership face a difficult international environment, especially on th

e trade front. The United States administration, already engaged in a tariff war with China, has its sights on the

EU as well, describing the bloc as “a foe”. The US has imposed 25 percent tariffs on European steel and aluminum an

d threatened to slap similar tariffs on European cars unless the EU opens up its agricultural market.

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