The US Treasury design亚博平台娱乐千花坊 was seen by analysts a

?a new excuse for more protectionist measures.The Treasury move reeks of arbitrariness and unilater

亚博平台娱乐千花坊alism, and will disrupt international trade rules and order as well as dampened investors’ confidence, experts said.

“By labeling China a currency manipulator, the US is in fact continuing its maximum-

pressure approach in trade talks,” said Liao Qun, chief economist of the China CITIC Bank International.亚博平台娱乐千花坊女神会所

China and the US have been locked up in drawn-out trade disputes since last year.

On Monday, Chinese companies have halted purchases of US farm prod

亚博平台娱乐千花坊uce after the US decided to impose additional 10-percent tariffs on $300 billion?worth of

Chinese imports, as the US move seriously violated the consensus reached by the two heads of state in Osaka.

NO INTENTION TO DEVALUATE CURRENCY

亚博平台娱乐千花坊女神会所China has long been committed to keeping the yuan’s exchang

e rate basically stable at a reasonable and balanced level, the central bank said.

The Chinese currency is the strongest among the G20 and is one of the currencies that has seen substantial appreciation.

From the beginning of 2005 to June this year, the currency’s nominal e亚博平台娱乐千花坊

xchange rate appreciated 38 percent and real exchange rate strengthened 47 percent.

Last month, the IMF found in its latest annual assessment that the renminbi exchange rate was broadly in line with fundamentals.亚博平台娱乐千花坊女神会所

From the macro perspective, the yuan’s exchange rate is buoyed by the coun

try’s sound fundamentals, strong economic resilience, stable fiscal position, c亚博平台娱乐千花坊

ontrollable financial risks, balanced cross-border capital movement and sufficient foreign exchange reserves.

China has no intention to gain trade advantages by devaluing its currency, as the yuan’

亚博平台娱乐千花坊女神会所s depreciation cannot necessarily lift exports, said Song Xiangyan, an analyst with the PBOC.

A large devaluation probably leads to panic capital outflows and competitive currency devaluation of China’s trading par

tners, which will undermine the country’s financial stability and hurt imports, Song added.

China will be committed to the promises on exchange rates made at all G20 summit亚博平台娱乐千花坊女神会所

s and abide by a market-determined exchange rate system, the PBOC governor Yi Gang said Monday.

Refusing competitive devaluation, the country will not resort to exchange r

ates in handling external uncertainties such as trade disputes, Yi said.

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David French, senior vice亚博平台娱乐后花园government re

?relations at the National Retail Federation, a leading opponen

亚博平台娱乐后花园t of tariffs in the US, said tariffs imposed over the past year haven’t worked, and there is no evid

ence the equivalent of another tax increase on US businesses and consumers will yield new results.

“We are disappointed the administration is doubling-down on a flawed tariff strategy that亚博平台娱乐后花园女神会所

is already slowing US economic growth, creating uncertainty and discouraging investment,” French sa

id, adding that additional tariffs “will only threaten US jobs and raise costs for American families on everyday goods”.

亚博平台娱乐后花园”Although the result of Sino-US trade talks and its impact on China’s economy is not entirely predictable at this stage, in gene

ral we are positive about China’s commitment to its opening-up policy and are optimistic about China’s economy and b

usiness environment,” said Eric Liu, managing partner of Shanghai-based Zhao Sheng Law Firm.亚博平台娱乐后花园女神会所

hina’s financial services sector is seeing acceleration of opening-up, which will likely attr

act big names in the global securities industry, gradually reshaping the local securities landscape, experts said.

亚博平台娱乐后花园During the 2019 World Economic Forum’s Annual Meeting of the New Champ

ions in Dalian, also known as the Summer Davos Forum, Premier Li Keqiang said that China will allow full foreign o

wnership of securities firms, futures business and life insurance companies by 2020.亚博平台娱乐后花园女神会所

With that, the limit on foreign ownership in the financial services sector wi

ll be lifted one year in advance, compared to the former plan announced in mid-2018.

亚博平台娱乐后花园In late March, the China Securities Regulatory Commission approved the establishment of JP

Morgan Securities (China) Co Ltd and Nomura Orient International Securities Co Ltd, which are joint-ve

nture securities firms with the foreign company taking the controlling 51-percent sta亚博平台娱乐后花园女神会所

ke. UBS Securities was the first to get such approval in China at the end of last year.

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A senior ROK official also 亚博平台娱乐会所on Saturday that Seoul

ul is exploring all options in the trade dispute including scrapping an intelligence sharing pact.

亚博平台娱乐会所On Saturday, some radical protesters in the Hong Kong Special Administ

rative Region removed a national flag from a flagpole near Tsim Sha Tsui Star Ferry Pi

er and tossed it into the harbor. The next morning, some local patriotic residents raised the flag again.亚博平台娱乐会所品茶微信

It seems certain “protesters” in the Hong Kong SAR have been turning so radical that they are commi

亚博平台娱乐会所tting illegal deeds. By removing the national flag from the flagpole and tossing it into the sea, they ha

ve openly broken the National Flag Law and insulted their own motherland. Their deeds make them more suitable for the

word “rioters” than “protesters” and it is time the local police of Hong Kong held them responsible for their illegal deeds.亚博平台娱乐会所品茶微信

In Japan, a controversial statue symbolizing “comfort women” was withd

rawn from an art exhibition on Saturday after organizers received security threats.

亚博平台娱乐会所Comfort women is a euphemism for those, many of them Korean, forced to work in Ja

pan’s World War II military brothels and is a highly emotional topic for people of both countries.

Japan says the issue was settled by past agreements and apologies but many ROK citizens say J亚博平台娱乐会所

apan did not go far enough and have demanded further compensation for victims. The current flar

e-up over the issue comes during the recent trade dispute between the countries.

亚博平台娱乐会所品茶微信Statue of a Girl Of Peace attracted a flood of complaints since Aichi Triennale, an internat

ional art exhibition being held in central Japan, opened just three days ago, organizers said.

The festival decided to remove the statue after it received “terror threats” by tele亚博平台娱乐会所

phone and e-mail, Aichi Governor Hideaki Omura told a news conference on Saturday.

“Yesterday we also received a fax saying, ‘Get rid of it fast or else I’m亚博平台娱乐会所品茶微信

going to bring a can of gasoline and cause some trouble,'” Omura said.

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top leader guides test亚博平台娱乐千花坊of new-type rocket sys

Kim Jong-un, top leader of the Democratic People’s Republic of Korea (DPRK), again guided the test-firing of “a newly-developed large-caliber multiple la

亚博平台娱乐千花坊unch guided rocket system” on Friday, the official Korean Central News Agency (KCNA) reported Saturday.

The report said Kim guided the test-firing at the observation post “early in the Friday morning,” without mentioning the site where the test-firing took place.

The test-firing “satisfactorily confirmed the altitude control level flight performance, trac亚博平台娱乐千花坊

k changing capability, accuracy of hitting a target and warhead explosion power of the guided ordnance rocket,” said KCNA.

亚博平台娱乐千花坊According to the report, Kim expressed “great satisfaction” with the result of the test-firin

g, saying that “another Juche-oriented weapon planned and so desired by the Party has been made.”

Kim also guided the test-firing of the weapon system on Wednesday, when he emphasiz

亚博平台娱乐千花坊ed that the system has “a great strategic significance” for boosting the combat capability of the country’s army.

The European Union’s disagreement with the United States over Iran widened when the EU vowed on Thursday to co

ntinue working with Iranian Foreign Minister Mohammad Javad Zarif despite the latest US sanctions against him.亚博平台娱乐千花坊

The US Treasury Department announced on Wednesday its sanctions on Zarif. “Javad Zarif implements the reckless agenda of Iran’s S

upreme Leader, and is the regime’s primary spokesperson around the world,” US Treasury Secretary Steven Mnuchin said in a st

亚博平台娱乐千花坊atement. The US put sanctions on Iranian Supreme Leader Ayatollah Ali Khamenei on June 24.

“We regret this decision,” said Carlos Martin Ruiz De Gordejuela, a spokesman for EU foreign policy chief Federica Mogherini.

“From our side, we will continue to work with Mr Zarif as Iran’s most senior diplom

at and in view of the importance of maintaining diplomatic channels,” he said, as quoted by the Agence France-Presse.亚博平台娱乐千花坊

The EU has been trying to salvage the 2015 Iran nuclear deal, officially known as the Joint Comprehensive Plan of Actio

n (JCPOA) that was reached in July 2015 by Iran and China, France, Germany, Russia, the United Kingdom and the US. US

亚博平台娱乐千花坊President Donald Trump pulled the US out of the deal last May and reimposed sanctions

on Iran, endangering the implementation of the agreement also endorsed by the UN Security Council.

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Fiscal, monetary poli亚博平台娱乐419p economy stable

As prevailing uncertainty around trade will still weigh on private secto

亚博平台娱乐419r confidence, we continue to expect policy efforts to boost direct public spending. O

n the fiscal front, the pace of government bond issuance will likely remain relatively fast at around June’s l

evel in the coming couple of months to support infrastructure spending,” he said.亚博平台娱乐419

The Political Bureau meeting said China’s economy is facing “new risks a

亚博平台娱乐419女神会所nd challenges” and the country will continue to carry out supply-side structural ref

orm, boost domestic consumption, further open up the economy and stabilize foreign trade and employment.

On Monday, Xi said that “while difficulties and challenges in economic operati

ons should be noticed, the economy’s long-term improving trend remains unchanged”.亚博平台娱乐419

“(China will) unswervingly deepen supply-side structural reform and foster new gro

wth engines to push high-quality economic development in a down-to-earth manner,” he said.

亚博平台娱乐419女神会所ndependent travel to Taiwan will be suspended from Thursday, given current cross-St

raits relations, according to a Ministry of Culture and Tourism statement on Wednesday.

The so-called self-guided travel to Taiwan has been trialled since June 2011.亚博平台娱乐419

Under the terms of the program, mainland residents in 47 cities including Beijing, S

hanghai and Xiamen in Fujian province can apply for individual entry permits to Taiwan.

亚博平台娱乐419女神会所Travel agency sources said that all tourists with plans to visit Taiwan now have to join tour groups.

Most of the trainees at vocational education centers in the Xin-jiang Uygur autonomous region have graduated from th

e centers and have started to play a positive role in the society, Xinjiang officials said on Tuesday.亚博平台娱乐419女神会所

The centers aim to help people who have been influenced by terrorism and extre

亚博平台娱乐419mism understand their mistakes and the possible public harm they could cause, they said.

“Many people have found suitable jobs that they like after graduation and begun to ha

ve considerable income. Furthermore, they have also been helping others to pursue a better life,” s亚博平台娱乐419女神会所

aid Shohrat Zakir, chairman of the regional government. He spoke in Beijing at a n

ews conference on Xinjiang’s development held by the State Council Information Office.

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The central governmen 亚博平台娱乐乌托邦upports the Hong Ko

ng police in strict law enforcement, and stands by HKSAR government agencies and judici

?亚博平台娱乐乌托邦ary bodies in handing out punishment to violent criminals according to law, he said.

Yang also said that the principle of “one country, two systems” is the best institu

?亚博平台娱乐乌托邦品茶微信ional arrangement for maintaining long-term prosperity and stability in the SAR.

The Democratic Alliance for the Betterment and Progress of Hong Kong — the largest

political party in the Legislative Council — welcomed the Hong Kong and Macao Affairs Office’s remarks.?亚博平台娱乐乌托邦

Holding this news conference showed the importance the affairs office attaches to the HKSAR, as well as support for the S

?亚博平台娱乐乌托邦AR government and the police force, said the party’s Chairwoman Starry Lee Wai-king.

The central government’s expectations are in line with those of most Hong Kong people, Lee said.

The HKSAR government on Monday strongly denounced escalated and repeate

?亚博平台娱乐乌托邦品茶微信d violence by protesters and vowed to give full support to police to strictly enforce the law.

For the first time in the 29-year history of the Fortune Global 500 list, Chinese companies (129) outnumber those from t

he United States (121). This is also the first time that a country other than the US has more companies on the list.?亚博平台娱乐乌托邦

Among the 129 Chinese enterprises on the list, 119 are domestic in nature

whose average revenue increased 9.2 percent year-on-year-higher than the average

?亚博平台娱乐乌托邦品茶微信revenue growth of Fortune Global 500 companies. These enterprises’ rates of profit and net asset profit were 5.3 pe

rcent and 9.9 percent, up 0.2 percentage points and 1.0 percentage point year-on-year.

The Chinese enterprises have also taken firm steps toward high-quality development. And although they have enc?亚博平台娱乐乌托邦品茶微信

ountered some difficulties due to the Sino-US trade frictions and the technological containment measures t

?亚博平台娱乐乌托邦aken by the US government and some US enterprises, their growth has continued unabated.

Three major factors are behind the Chinese enterprises’ continuous and rapid development: reform, demand and innovation. China’s supply-side str?亚博平台娱乐乌托邦品茶微信

uctural reform has improved the market competition environment, promoted qualitative supply, increased t

he enterprises’ earning power, and enhanced their development potential and momentum.

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Death toll rises to亚博平台娱乐419论坛n Southwest China landslide

As of 4 pm Saturday, 29 people are dead and 22 more remain missing af

亚博平台娱乐419论坛ter a landslide hit Southwest China’s Guizhou province, local authorities said.

On Tuesday night, a landslide lashed a village in Shuicheng county of the city of Liupanshui, burying 21 houses. Rescue work soon started.

A total of 40 people had been rescued from the site, according to the local emergency rescue command.亚博平台娱乐419论坛女神会所

Multiple rescue teams and experts have been working on the site into the fourth day, se

亚博平台娱乐419论坛arching for the missing people. Disease control personnel have been sanitizing the area.

The local government has set up a temporary settlement point in a local middle school, offering medical services and psychological counseling.

A 30-million-yuan (about $4.35 million) disaster relief fund has been allocated by the ministries of finance and e亚博平台娱乐419论坛女神会所

mergency management and will be used to support the search, rescue and relocation of victims, as well as other disaster relief work.

Experts from Wuhan Asia Heart Hospital in Central China’s Hubei province

亚博平台娱乐419论坛have travelled thousands of kilometers across the nation to conduct examinations on chi

ldren with congenital heart diseases and carry out surgeries free of charge, Chutian Metropolis Daily reported.

Ever since the hospital was founded in 1999, the team of medical experts led by Tao L

iang, head of the hospital’s cardiothoracic surgery department, has paid visits to a number of poverty-str亚博平台娱乐419论坛女神会所

icken regions, old revolutionary base areas and remote mountainous areas. In the past eight years, they have visited T

ibet autonomous region five times, bringing professional medical assistance to local residents.

亚博平台娱乐419论坛Phuntsok Yangdron, a 16-year-old Tibetan girl, received help from experts at Wuhan Asia Heart Hospital seven years ago.

In 2012, she was diagnosed with leakage in her left atrium and right heart cro

wn. Later, she was transferred to Wuhan to receive heart surgery, and Tao was her surgeon.亚博平台娱乐419论坛女神会所

The two met again this year when the hospital’s expert team revisited Yangdron’s hometown in Naidong county, Shannan, Tibet autonomous

region. The teenage girl was excited to see Tao, she said. “I still remember how frightened I was when I went to Wuhan. I w

亚博平台娱乐419论坛女神会所as 9 years old, alone and far away from home, and was about to receive my first ever heart surgery.”

But Yangdron was lucky. “The doctors at the hospital were very kind to me,” she said. “They comforted m

e, took care of me. They gave me the courage to do the surgery without too many worries.”

After undergoing the minimally invasive surgery, Yangdron recovered quickly and the operation was a total success.

chechezhineng.cn

America First’ policy deba亚博平台娱乐夜生活Asia Societygeneral

Consuls general from China, India, Japan and South Korea discuss Trump’s impact on trade

亚博平台娱乐夜生活品茶微信The Trump administration’s “America First” policy was scrutinized by the c

onsuls general of India, Japan, South Korea and China at an Asia Society seminar.

The US, which is the largest trading partner of each of the four countries, has major trade disputes with all of them.亚博平台娱乐夜生活

The Asia Society Northern California in San Francisco hosted the seminar on Wednesday.

亚博平台娱乐夜生活品茶微信In his presidential campaign of 2016, Donald Trump emphasized “America First”. Trump explained then that what he m

eant was that his administration would prevent other nations from taking advantage of the United States.

Since taking office, Trump has advocated the use of tariffs in the global trad亚博平台娱乐夜生活

ing system. The Trump administration also has withdrawn from the Trans-Pacific Pa

rtnership (TPP) and renegotiated the North American Free Trade Agreement (NAFTA)

亚博平台娱乐夜生活品茶微信with Mexico and Canada, and the United States-Korea Free Trade Agreement (KORUS) with?South Korea.

The US revoked?preferential trade status for?India on June 5. Though China is atop his agenda wit

h the current trade dispute between the two countries, Trump is also highly critical of Japan’s trade policies.亚博平台娱乐夜生活

The biggest concern of businesspeople in the Asia-Pacific region is unpredictability, Japanese Consul Ge

亚博平台娱乐夜生活品茶微信neral in San Francisco Tomochika Uyama said at the forum. He said he hoped the US would go back to the TPP.

From India’s perspective, the “America First” policy would be “something danger

ous” if it were an “isolation policy”, said Indian Consul General in San Francisco Sanjay Panda.亚博平台娱乐夜生活

“In today’s world, you can’t have isolation. You have to work toget

亚博平台娱乐夜生活品茶微信her and face problems together,” said Panda. “The biggest crisis in the world is water, not t

errorism. To solve the global challenges, we have to work together around the clock.”

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ontaining desertificati亚博平台娱乐乌托邦e Kubuqi desert offers

s China’s experience in environmental treatment as well as achievi

亚博平台娱乐乌托邦品茶微信ng the 2030 Agenda goals, he said, adding that the country actively promoted the alignment between

international cooperation on the Belt and Road Initiative and the implementation of the 2030 Agenda.

China also stands ready to work with all sides to push forward the global environmental gover亚博平台娱乐乌托邦

nance and protection, and contribute to making the world a place with a well-preserved ecology, Xi said.

A company prefers, of course, to be above reproach. But, failing that, the next best thing is unquestionably to get rid of the body, f

亚博平台娱乐乌托邦品茶微信or it is being found with it wrapped in the carpet that brings remorse and the loss of trust from its customers.

Which is the position FedEx finds itself in now.

It has claimed that it misdirected three of Chinese telecommuni亚博平台娱乐乌托邦品茶微信

cations giant Huawei’s packages to the United States in May due to what it called “operational error”.

亚博平台娱乐乌托邦Yet investigation by the Chinese authorities has found these were not due to any

oversight but rather part of a deliberate pattern of behavior in which the US ex

press services company is also suspected of holding up more than 100 Huawei packages entering China, as well as other violations of the law.亚博平台娱乐乌托邦

And with the investigation still on-going, it is expected that more wrongdoings are yet to be revealed.

亚博平台娱乐乌托邦Responding to China’s investigation on Friday, FedEx blamed the mishandling of the packages on the “unclear” rules of the US Com

merce Department, claiming they bring “great complexity” to its operation. “That is why we sued” the department, it said.

As one of the first foreign express delivery companies coming to China nearly 40 year亚博平台娱乐乌托邦品茶微信

s ago, FedEx is well aware of China’s postal law. But it has obviously underestimated the country’s dete

rmination to enforce it to the letter. Otherwise, it would have not given such a feeble excuse when it was discovered to have

亚博平台娱乐乌托邦delivered the three Huawei packages to the US, not their intended destination, which for one of the top-no

tch companies in the industry handling 15 million packages a day is a rather telling slip.亚博平台娱乐乌托邦品茶微信

Not to mention that the on-going probe has just unveiled that it provided “cus

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hina-US trade talks to 亚博平台娱乐419me in Shanghaid conditi

City has ‘good conditions’ for hosting negotiations, ministry spokesman says

?亚博平台娱乐419Top negotiators from China and the United States will meet in Shan

ghai on Tuesday and Wednesday for the first time since President Xi Jinping and his US coun

terpart Donald Trump agreed in June to resume economic and trade consultations.?亚博平台娱乐419女神会所

Analysts said that holding the 12th round of talks in Shanghai, the c

?亚博平台娱乐419ountry’s financial hub, will help the US have a more direct understanding of China — a nation

that is determined to further open up. Previously, the trade talks in China took place in Beijing.

Ministry of Commerce spokesman Gao Feng said that holding the negotiations in different plac?亚博平台娱乐419女神会所

es is not unusual. “Shanghai has good conditions for conducting consultations,” Gao said.?亚博平台娱乐419

The meeting is expected to implement the consensus reached between the top leaders of both

?亚博平台娱乐419女神会所countries at the G20 Summit in Japan last month, Gao said at a regular news conference.

US Treasury Secretary Steven Mnuchin and Tr

?亚博平台娱乐419ade Representative Robert Lighthizer will meet wi

th Vice-Premier Liu He to continue negotiations aimed at improving the bilateral trade re

lationship, the White House said in a statement on Wednesday.?亚博平台娱乐419女神会所

Ni Yueju, a researcher at the Institute of World Econo

mics and Politics at the Chinese Academy of Soc

?亚博平台娱乐419ial Sciences, said Shanghai remains at the forefront of the country’s opening-up.

“The choice to hold the next round of trade talks in Shanghai demonstrates Chi

na’s determination to further open up the economy,” Ni said, adding that the cou?亚博平台娱乐419女神会所

ntry’s first free trade zone was located in the municipality.

“The planned negotiations will mainly cover issues th

?亚博平台娱乐419at have not yet been resolved, for example, whether the US will lift tariffs o

n Chinese products and remove Chinese companies from a blacklist,” Ni said.

The US placed several Chinese companies, like t?亚博平台娱乐419女神会所

elecommunications giant Huawei Technologies, on an Entity List tha

t prevents them from buying from US companies without Washington’s approval.

?亚博平台娱乐419″In the upcoming talks, the two sides may also discuss whe

ther China will resume its purchase of US agricultural products,” Ni said.?亚博平台娱乐419女神会所

If both sides can negotiate on the basis of sincerity and equality, they may achi

eve some breakthroughs in addressing the aforementioned issues, Ni added.

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