the world’s largest 上海品茶微信女神会所 and opened to the

The “Shandong上海品茶微信女神会所 Day” event at the International Horticultural Exhibition in Beijing starts on June 20. iqilu.com]The opening ceremony for the “Shan

dong Day” event is held on June 20 at the ongoing International Horticultural Exhibition in Beijinbroad attend

the opening ceremony of the “Shandong Day” event, which offers an effective platform to showcase the pro

vince’s beautiful landscapes and rich culture to the whole world. qilu.comPerformers from Shandong prov

ince stage the province’s unique dances and songs at the opening ceremony of the “Shandong Day” event in Beij

inilu.com]Folk artists from Shandong province showcase the province’s traditional handicrafts at the “Sha

ndong Day” event during the ongoing International Horticultural Exhibition in Beijing. qilu.com]Artists fr

om Shandong province stage traditional Chinese folk music performance at the Shandong Garden to ce

lebrate the “Shandong Day” event of the International Horticultural Exhibition in Bei

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The 5.1 percentage point growth of leverage ratio is

s out of ou上海品茶微信女神会所r expectations, and it was maintained because of countercyclical policies,” said Zhang Xiaojing, a senior economist with the CASS.

But the deleveraging process should continue, and more measures will be introduced to ease the debt burden, especially

for the private sector, said Lian Weiliang, deputy head of the National Development and Reform Commission.

One of the key measures is to further promote the debt-to-equity s

wap program, to inject more social funds into indebted companies through holding the co

mpanies’ shares, the NDRC official said. “We will choose more qualified private companies to join this program.”

By the end of April, the total value of debt-to-equity swap reached 2.3 trillion yuan ($332.8

billion). More than 20 percent was for the centra上海品茶微信女神会所l State-owned enterprises, inclu

ding China Baowu Steel Group Co Ltd, State Power Investment Co Ltd, and China Shipbuilding Industry Corp, acc

ording to data from the State-owned Assets Supervision and Administration Commission.

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“It’s quite unusual for FedEx to reroute all four par

cels by mistake. If they did, they will be held responsible for contract infringement,” sai

d Yin Shaocheng, an associate professor of law at Capital University of Economics and Business.

Huawei was among the Chinese tech companies recently entered on

to the US’ Entity List which bans US companies from selling components and software to them.

Vice-Minister of Commerce Wang Shouwen said there is no need to over-interpret the cas

e, since “foreign companies will be investigated when possible violations occur in accordance with Ch

inese laws”. Wang said China always protects the legitimate interests of foreign investors.

The strength of China’s economy is propelling its cities toward

s greater prominence on the global stage, a report has shown.

China is gaining ground on both Europe and North America as its impro

vement in performance and potential outpace those of Western cities, accordin

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he Malaysian king said his country is happy to see the

fruitful bilateral ties over the past 45 years, as well as the deepened friendship between the two peoples. Malaysia looks forward to

sustained prosperity and development of the countries’ relations to benefit the two peoples, he said.

Premier Li Keqiang and Malaysian Prime Minister Mahathir Mohamad also exchanged con

gratulations on the Friday anniversary. They vowed to expand practical cooperation.Beijing opened its first

bicycle-only road at 7 am Friday morning, and our reporter Cao Zinan became one of the first cyclists to try it out.

Follow Cao in this video, and get a glimpse of the 6.5-kilometer-long bikeway in northern Beijing.

nqlbn.cn


Responding to a question on China’s considerations behin

 behind sending Wei to this year’s Shangri-La Dialogue, Wu said that China chooses the head of its delegation in accordance with the situation.

He added that China and the United States are in active talks on whether Wei will meet Patrick M. Sha

nahan, acting US secretary of defense, during the event and information on that will be published later.

Wei has been in Singapore since Tuesday and has met with leaders of the Singaporea

n government as part of his visit to the Southeast Asian nation, Singapore media reported.

Zhao Xiaozhuo, a senior researcher of international military relatio

ns at the PLA Academy of Military Science, said that the attendance of Wei, as the second part

icipation of a Chinese defense minister to the Shangri-La Dialogue, shows that China plac

riuy8.cn


Xi calls for bolstering reform, developmentonomic gro

Xi Jinping, general secretary of the Communist Party of China Central Committee, called on Wednesday for further efforts to prevent and eliminate major

problems in the nation’s reform and development against the backdrop that uncertainties and instabilities are on the rise.

Xi, also Chinese president and chairman of the Central Military Commission, made the remarks whil

e presiding over a key meeting of the Central Committee for Deepening Overall Reform. He is the director of the committee.

Saying China is facing profound changes in its reform and development against the backdro

p of increasing external uncertain and unstable factors, Xi said the country must maintain a strategic focus.

Substantial and resolute efforts must be made to prevent major contra

dictions and outstanding problems through coordinated planning and targeted mea

sures to make reform better serve the country’s economic and social development, Xi said.

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Foreign investors believe that China has enough policy

icy tools to offset short-term downside pressure, while the financial risks are under control as the country’s debt level has shown signs of stabilizing, Zhang said.

China’s overall debt-to-GDP ratio had dropped to 249.4 percent

by the end of 2018, 1.5 percentage points lower than a year earlier, according to the PBOC.

If trade tensions escalate further, more opening-up policies in the sectors of medical

care and education will help boost global investors’ confidence in the Chinese economy, Zhang added.

By hiking the tariffs on $200 billion of Chinese goods from 10 percent t

o 25 percent just when it seemed the China-US trade talks would achieve a bre

akthrough, the United States has not only intensified the trade dispute but also ensured both sides take a knock.

ex079.cn


In contrast, the US seems to take it for granted that tarif

s are a weapon it can employ to bring China to its knees and extract one-sided

concessions, apparently ignorant to the fac

t that China is not what it was in the late 1800s and early 1900s when the country was forced into signing humil

iating treaties, which resulted in the opening of trading ports and paying of indemnities to Western powers.

Perhaps the blame for the breakdown in the talks should be laid at the door of the mind-set o

f the West, which sees only winners and losers, rather than a holistic whole in

which all benefit from each other.

That Eastern viewpoint explains why

China still hopes that the US will meet it halfway for

the benefit of both countries and both

peoples as well as the development of the world economy.

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The traditional family model of the man bringing hom

the bacon and the woman looking after the family doesn’t seem to have changed much eve

n today. As a result, Chinese mothers still shoulder most of the responsibilities of raising kids.

In the absence of fathers, mothers are more likely to pay greater attention to their kids and their

education. This could not only prevent the children from learning life skills, but also make them bur

dens for their mothers. And the greater the burden they become, the more their mothers would be stressed out.

Yet such anxiety could be easily shared by, if not transferred to, other family members. A highly emotional yet anxious moth

er is more likely to make a wrong decision about her child’s education, which in turn could have a negative imp

act not only on the child’s healthy growth but also the health of the mother and the husband-wife relationship.

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Not only are there missing links on the causality chai

 between long-term structural factors and actual economic performance, it is also unclear how long those factors would take to constrain GDP growth to a part

cular level. In fact, 20 years ago, the same long-term factors were used to warn of a possible fall in Chinese GDP growth.

Because of the complexity of China’s growth trajectory, many economists seem to base their assessments of potenti

al on performance. After every drop in China’s GDP growth since the second quarter of 2012-when growth fell be

low 8 percent-economists have emerged to declare that performance was in line with potential.

Difficult to determine potential growth rate

To be sure, there are various estimates of China’s potential growth rate, ranging from 5 perc

ent to 8 percent. But it is difficult to determine which is reliable. For one thing, there is reason to believe that

most estimates fail to discount cyclical factors adequately when calculating the long-term trend.

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