onship that meets the requirements of the new era,” it said.
The resumption of the China-Japan strategic dialogue is a key sign that Beijing an狗亚APP入口会所
d Tokyo h
ave pushed forward their bilateral relations on the right track and forged closer ties, said Lu Hao, a re 狗亚APP入口会所品茶微信searcher at the Chinese Academy of Social Sciences’ Institute of Japanese Studies.
anges and communication mechanisms, including the strategic dialogue, were suspended after the two cou ntries became mired in a dispute over China’s uninhabited Diaoyu Islands in the East China Sea.狗亚APP入口会所
Lu said the strategic dialogue mechanism plays a
vital role for the two neighbors, especial ly as they are both facing unprecedented conditions and a rapidly changing global environment.
狗亚APP入口会所品茶微信”The dialogue not only focuses on improving
bilateral ties but also touch es on some of the important regional and international issues of common interest,” Lu
said, adding that boosting mutual understanding and cooperation between China
and Japan, the world’s second-and third-largest economies, helps promote regional stability and prosperity.狗亚APP入口会所
On Friday, while meeting with Japanese Foreign Minister Taro Kono, Le, the vice-minister, said China and Japan should k
eep up the positive momentum brought by the improved ties and enhance short-term goals while strengthening long-term ones.
Describing the meeting in Osaka between Xi and Abe as fruitful, Kono said Japan is expecting a state visit by Xi next spring and i狗亚APP入口会所品茶微信
willing to work with China “in various fields and face global challenges shoulder to shoulder”.
Zhou Yongsheng, a professor and deputy director of the Ja
panese Studies Center at China Foreign Affairs University, said, “As Sino-J狗亚APP入口会所
apanese relations have shown signs of warming in recent years, both
狗亚APP入口会所品茶微信countries should cherish the momentum and build new relations featuring a shift from
competition to collaboration under the guidance of the strategic dialogue mechanism. Prom
oting Sino-Japanese ties will benefit the peace and prosperity of Asia and improve global governance.”
rnational businesses, cross-border financial services, frontier technology research and devel
?狗亚APP入口会所opment and cross-border services trade, and speed
up the industrial upgrading of existing companies. The plan says the new area will be granted greater administrative power for self-development, self-reform and self-innovatio
?狗亚APP入口会所品茶微信n, and reg
ularly promote its experience to spearhead a new round of reform and opening-up of the Yangtze River Delta. The government will support the new area to foster more mature institutional and adm
e systems and motivate market entities to participate in the international market, said Wang.?狗亚APP入口会所 Wang Xin, director of the research bureau of the People’s Bank of China (PBOC), the
‘s central bank, said the PBOC will actively support the Shanghai Pilot Free Trade Zone construction.?狗亚APP入口会所品茶微信 The central bank will implement on trial basis more open, convenient and freer financ
e policies in the Lingang area, building a new open and innovative highland of finance, the director added.
hina on Tuesday voiced strong opposition to the US decision to label it “a currency manipulator,” stressing that China has nev?狗亚APP入口会所
er resorted to competitive devaluation and will not use the currency as a tool to deal with trade disputes.
In a response to the designation, China’s central bank refuted the unilateral move, saying the labe
l does not meet the quantitative criteria for the so-called “currency manipulator” set by the US Treasury.?狗亚APP入口会所品茶微信
“The US labeling is an arbitrary unilateral and protectionist
practice, which seriously undermines international rules and will significantly i
?狗亚APP入口会所mpact the global economy and financial markets,” the People’s Bank of China (PBOC) said in an online statement.
US TYPICAL MAXIMUM-PRESSURE TRICK
Ronald Wen, a Hong Kong-based senior banker, said the alleged currency manipulatio?狗亚APP入口会所品茶微信
n is a new weapon used by the US in the trade friction with China, sending a signal that t
he US-waged trade war is being expanded to more fields, including forex and financial markets.
hina moved up three places to 14th among the world’s most innovative countries this
?狗亚APP入口会所year, according to a report by the World Intellect
ual Property Organization on Wednesday. The Global Innovation Index (GII) 2019 ranked 129 economies based on 80 indicators, inclu?狗亚APP入口会所
ditional measurements such as research and development investments, international patent ?狗亚APP入口会所品茶微信and trademark applications, as well as newer indicators like mobile phone app creation and high-tech exports.
mained in first place in quality of innovation among middle-income economies f or the seventh consecutive year, according to the report, and achieved the top spot in patents, utility mo?狗亚APP入口会所品茶微信
dels, trademarks and industrial designs by origin
, as well as high-technology and creative goods exports. The country also ranked second only to the US in 18 of the top 100 science and technology clusters.
?狗亚APP入口会所This year’s report named Switzerland as the world’s most innovative country, followe
d by Sweden, the United States of America, the Netherlands and the United Kingdom.
The US, China and Germany had the most leading science and technology clusters, the rep?狗亚APP入口会所品茶微信
ort noted, while Shenzhen-Hong Kong and Beijing were among the global top five clusters.
Over the past 40 years, China has built “a first-class intellectual property system and infra
?狗亚APP入口会所structure with repeated messages from the leadership of the importance of
intellectual property”, said the WIPO Director-General Francis Gurry in a previous China Daily report.
hina has made huge improvements in safeguarding education and employment of disabled citi?狗亚APP入口会所品茶微信
zens, according to a white paper released by the State Council Information Office on Thursday.
The white paper, which reviews the country’s achievements
?狗亚APP入口会所品茶微信in welfare of the disabled since its founding 70 years ago, said it has done its utmos
t to ensure that compulsory and continue education are available to students with disabilities.
econd-phase trial, and the initial work is underway at a hospit
al in Beijing and another hospital in Hangzh
ou, Zhejiang province, he said.狗亚APP入口会所品茶微信 Chuang Chuang, who runs Hangzhou Sunflower, a charity organiz
狗亚APP入口会所ation promoting LGBT rights that helped recruit
volunteers in Hangzhou, said more than 100 volunteers had approached the organization to register after hearing about the second-phase trial.
f them were disqualified after our selection process, and the rest were referred to狗亚APP入口会所品茶微信 the hospital in Hangzhou,” he said. “They must pass physical tests before formally becoming volunteers.
f the volunteers I know are students or (other) young men. Some signed up initially, but withdrew after b eing informed they would have to participate the whole trial, which lasts nearly two years.
Nuan Yang, a volunteer from Hangzhou, said he registered throug狗亚APP入口会所
h the organization as soon as he heard about the second-phase trial.
狗亚APP入口会所”品茶微信I hope to see the vaccine available for us as early as possible. Although HIV can be controlled and AIDS is almost a chronic dise
ase now, many people with HIV are living under heavy pressure and have to endure discrimination from others,” he said.
“If a vaccine is available to prevent the infection, fewer people will fear HIV and discriminate against carriers.”狗亚APP入口会所品茶微信
Shao said developing HIV vaccines was much harder than developing vaccines for other diseases because of the co
狗亚APP入口会所nstantly evolving nature of HIV, but progress has been made around the world in the past decade.
“AIDS is one of the most serious threats to human health, and we s狗亚APP入口会所品茶微信
hould never lose faith we will conquer it, even though it is very difficult,” he said.狗亚APP入口会所
The number of people living with HIV in China was estimated at around 1.25 million at the end of last year, and about
80,000 people become infected each year, according to the National Health Commission.
to take the delayed effect of balance sheet reduction conducted earlier into its consideration of rate cuts. The current phase-out of balanc
狗亚APP入口会所e sheet reduction already has some easing effect, and only after the balance sheet re
duction ends in September, can its impact become clearer. By incorporating that impact into consideration, the Fed can draw up a better rate cut plan that maximizes effects of the policy mix.狗亚APP入口会所
Thirdly, the market may have overesti
mated how much the Fed will cut the rates. There may be no more than three rate cuts by the end of 2020. St. Louis Fed President James Bullard – the major advocate of this
round of rate cut – has suggested the use of the mod
ern-day Taylor rule, which fairly well explains th狗亚APP入口会所 e Fed’s interest rate decisions. Even based on this model adopted by dovish Fed officials, we found that the degree of rate cuts may be weaker than m
狗亚APP入口会所arket expectation for quite some time going forward: at most one cut by the end of this year and likely two or three cuts by the end of 2020.
By contrast, before the June FOMC meeting
, the market expected a higher-than-85-percent chance of more than one rate cut by the end of this year as well as an about 60-percent chance of more than three cuts by the end of 2020, according to Bloomberg data.狗亚APP入口会所品茶微信
In conclusion, we think as economic downside pressure gradually emerges, the Fed will have to kick off the rate cut cycle. But the rate cut si狗亚APP入口会所品茶微信
gnal, timing and degree may not measure up to the market expectation. Therefore, two future developments appear possible:
First, investor sentiment can reverse drastically if the Fed’s action fails to meet market expec狗亚APP入口会所品茶微信
tation. Considering the market has fully priced in the unrealistic expectation of rate cuts sinc
e early June, any reversal of expectation can lead to short-term fluctuations of key price signals such as the US Treasury yield cu
rve, the US Dollar Index, and the gold price, which may pose extensive spillover shocks to asset portfolios.
Second, the long-term trend of rate cuts will continue even if the market expectation reverses. In the long
run, the Fed is expected to proceed with rate cuts in a fairly slow and smooth way. This will enlarge the monetary policy room of ot
her major economies and expedite the shift toward an easing global monetary environment, which may in turn lift the sen
timent of global stock markets and ease any currency risk of emerging markets gradually.
Cheng Shi is the managing director, head of research and chief economist of ICBC Interna
tional Holdings Ltd.Qian Zhijun is a senior economist of ICBC International Holdings Ltd.
, mining machinery, pesticides, furniture, home appliances, consumer electronics
狗亚APP入口会所品茶微信clothing, and other industries in 16 countrie
s,?including Burkina Faso, Ethiopia, and Zambia,?conducted one-on-one negotia tions with more than 90 Guangxi enterprises in seven major industries?s
panning?construction machinery, building
materials, food and medicine, daily house狗亚APP入口会所 holds, pesticide agricultural machinery, electronic equipment, as well as?medical equipment.
In addition, the fair also carried out the exhibition and sales of Guangxi specialty products. Hundreds of Nanning enterprise representatives and professional visitors conducted on-site procurement negotiations.狗亚APP入口会所
mportant fair taking place in southern China is playing an ever greater role in the small and medium-enterprises sector internationally, as it capitalizes on China’s successful multilateral cooperation programs. 狗亚APP入口会所品茶微信The 14th China International Small and Medium Enterprises Fair being held on Oct 10-13 in Guangzhou, capital of Guangdong province, is expected to have greate
r influence within the international community, according to the event’s organizers. The organizing committee of the fair, also known as CISMEF, said that a total of 31 countries and regions will send business delegations to the event.
More than 2,000 Chinese SMEs, as well as over 500 SMEs from nations such as Malaysia, Thailand and Russia, have confirmed their participation.狗亚APP入口会所品茶微信
The fair will provide 6,000 stands for participants in an exhibition area covering 150,000 square meters.
Major activities during the main course of the exhibition include a summit for Chinese SMEs and a seminar to upgrade financing among Asia-Europe SMEs.
A promotional convention to popularize new information technology will also be highlighted during the annual event.狗亚APP入口会所品茶微信
On its first day, CISMEF will have a China Small and Medium Enterprises Summit.
In it, Chinese and foreign government officials, well-known economists and representatives of outstanding entrepre
neurs, will exchange policies and measures as well as practical achievements in supporting the development of SMEs.
hina Petrole狗亚APP入口会所品茶微信um and Chemical Corp, the world’s larg
est refiner by volume, has agreed to establi
sh a joint venture with Russia’s Novatek and Gazp rombank to market natural and liquefied natural gas (LNG) in China, Sinopec said on Thursday.
The agreement, which aims to sell LNG produced
by Novatek in the Arctic, was signed fo llowing talks in Moscow between Russian President, Vladimir Putin, and Chinese President, Xi Jinping.
The agreement will be of considerable econom
ic and social benefit an d will further diversify China’s natural gas impo
rts, while meeting ever-increasing ga s demand in the country, said Dai Houliang, China Petrochemical Corp president.
el more frequently, and enable them to have higher budgets for spending on accommodati
on and destination entertainments,” said Sun Pei
ming, director of e-commerce at Sichuan Airlines. Last year, along with graduate students, there were 37 million enrolled college students in the country,
ng to the National Bureau of Statistics. In 2018, students registered on Qunar flew 4.4 time s annually on average, higher than the average of 3.45 times nationwide, according to the company.
ices have a decisive impact on their choices. Compani es that provide cheaper options will attract m
ore students and gain the initiative in seizing tho se future backbone consumers,” said Liu Simin, a researcher at the Beijing Foreign Studies University.
na, and the one-China principle is the foundation of China-US relations and an international consensus,” Shao said.
“The US side has conducted a series of negative r
hetoric and actions regarding the Taiwan questi on, violated the one-China principle and the three China-US joint communiques,” he said.
has undermined China’s sovereignty and security, sent a seriously wrong message to Taiwan secessionists, and disrupted regional peace and stability,” Shao said, adding that China must, and will be, reunified.
d, the Chinese military will adamantly protect its territorial integrity at all costs,” he said.
As for the South China Sea, Shanahan accused
China of undermini ng freedom of navigation and overflight in the region, and militarizing the local islands.