China launches first ro上海乌托邦ace from platform a

hina carried out the country’s first seaborne space launch on Wednesday, from a platf

orm in its territorial waters in the Yellow Sea, opening a new chapter in its space industry.上海乌托邦女神会所

A Long March 11 solid-propellant carrier rocket blasted off at 12:06 pm fr

上海乌托邦om a mobile launch platform — a modified submersible craft — in the Yellow Sea off the e

astern province of Shandong and then sent seven satellites into orbit about 600 kilometers above the Earth.

The mission — the first seaborne space launch in the world in five years — showcased China’s mastery of上海乌托邦

the technologies and capabilities required for

上海乌托邦女神会所such operations and indicates the country has found an alternative to its ground-based launch centers.

China is striving to expand its launch service portfolio and promote its carrier roc

kets to more countries, especially those wishing to have their own affordable satellite networks.上海乌托邦

A government draft released Friday said that children under six years old can take public transpor

t for free and those aged between six and 14 can avail of half-price tickets when presenting valid ID cards.

上海乌托邦The draft was jointly released by the Ministry of Transport and Na女神会所

tional Development and Reform Commission and is now open for public comments.

Height rather than age is the current determinant for deciding who can avail of cut-price or free tickets.上海乌托邦

Children whose height is below 120 centimeters can get fre

e tickets, while those between 120 and 150 centimeters can buy children’s tickets.

上海乌托邦女神会所Children taller than 150 centimeters are required to buy adult tickets under current policy.

As youngsters now tend to grows taller than their age, the current st

andards are believed to be unfair and there have been calls for overhauling the policy.上海乌托邦女神会所

The draft also highlighted that children who get free tickets should take up no more than 10 percent of buses’ passenger capacity.

The new policy will not be applicable to buses with nine seats or fewer

shadoujiazu.com.cn

Based on the published da上海乌托邦ministry, students

 from financially strapped families were subsidized for nearly 100 million times in 2018. Taking higher educa

tion as an example, subsidies were offered 43.88 million times last year, amounting to 115 billion yuan in total.上海乌托邦

Zhao Jianjun, deputy director of the finance department of the Ministry of Education, said that the State Council has approved prog

上海乌托邦品茶微信rams of scholarships in higher and secondary vocational education. The programs came into effect early this month.

The United States has launched a Section 301 investigation into the digital services tax of the上海乌托邦

Government of France, the Office of the US Trade Representative (USTR) announced on Wednesday.

China took the second spot in the world’s top 10 richest countries, with priv上海乌托邦品茶微信

ate wealth reaching $23.6 trillion in 2018, a 130 percent surge over the previous year, ac

cording to Global Wealth Migration Review 2019, published by the research company New World Wealth.上海乌托邦

The US remains the world’s wealthiest country, with private wealth valued at $60.7 trillion in 2018.

上海乌托邦品茶微信The report said the global private wealth jumped to $204 trillion in 2018, and the world’

s top 10 richest countries’ private wealth accounted for 74 percent of global private wealth.

Let’s take a look at the richest countries in the world.上海乌托邦

“The United States is very concerned that the digital services tax which is expected to pass the French Senate tomorrow un

fairly targets American companies,” USTR Robert Lighthizer said in a statement.

上海乌托邦品茶微信”The President has directed that we investigate the effects of this legislation and determine whether it is discr

iminatory or unreasonable and burdens or restricts United States commerce,” Lighthizer said.

According to the USTR’s Office, France’s proposed 3 percent tax woul上海乌托邦品茶微信

d hit global tech companies with total annual revenues from the covered digital se

rvices of at least 750 million euros (844 million US dollars) globally and 25 million euros in France.上海乌托邦品茶微信

“The structure of the proposed new tax as well as statements by officials suggest that France i

s unfairly targeting the tax at certain US-based technology companies,” the USTR’s Office claimed.

sh419af.com

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.

www.shejio.org

Second, all parties should strengthen cooperation and push

h for denuclearization with one voice.Third, the Northeast Asian countries, while

上海乌托邦handling disputes between each other, should be willing to make some compromises. All nations s

hould learn to meet each other halfway to resolve conflicts, including territorial disputes.

Fourth, the Northeast Asian countries should accelerate development of free trade zo上海乌托邦

nes. The future of Northeast Asia hinges on the integration of the nations in the region.

Last, the BRI should be a cohesive and driving force for a close-knit Northeast Asia. The

上海乌托邦女神会所initiative, aligned with the development agendas of individual nations, will spur integration and cement c

rossborder cooperation in the region.nghai denizens walk past the skyscrapers of the city’s Lujiazui fina上海乌托邦

While the integrated development of the Yangtze River Delta region has p

rogressed steadily ever since it was elevated to a national strategy in 2018, fina

ncial institutions have been evaluating the potential in this land for future growth.上海乌托邦女神会所

Ma Chunlei, director of Yangtze River Delta Regional Cooperation Office, said at the Lujiazui Forum in Shanghai in Jun

e that the provinces and the municipality included in the strategy-Jiangsu, Z

上海乌托邦女神会所hejiang, Anhui and Shanghai-will release their respective detailed action plans by the middle of this month latest.

Some 320 key projects will be carried out in the next three years to lay a

better groundwork for the integrated development of the delta region, said Ma.

These will include connecting dead-end roads and proliferating the use of QR codes at major subway stations in the area.上海乌托邦女神会所

Bank of Communications see one-third of its 10 trillion yuan ($1.45 trillion) a

ssets coming from the Yangtze River Delta region, said the bank’s vice-chairman Re

n Deqi. He further said the bank was advancing innovation in its financial management mechanisms.

www.21nh.cn

dancers pose for a group photo on theSpanish Day at

For anyone interested in Spanish and the vibrant cultures of the Spanish-s

上海乌托邦peaking world, the annual Spanish Day is a real feast that certainly cannot be missed.

As a traditional open day of the Beijing arm of the Cervantes Institute, a Spanish cultural center, the Spanish Day is celebrated to honor learners, lovers and promoters of Spanish, the world’s second most spoken native language.上海乌托邦

Held on June 22 this year, the event featured young soccer players and Spanish learners who staged a medley of sports and artistic performances. In addition, as a prelude to the exhibition Writer Picasso, those young participants also created a mega-sized mosaic artwork as a tribute to the Spanish master.上海乌托邦品茶微信

Supported by the embassies of Spanish-speaking countries such as Uruguay, Mexico and Argentina, the 12-hour-long open day sh上海乌托邦

owcased how diverse and intriguing the Spanish culture is through dance performances, film screenings, concerts, foods and more.

Construction of the second 330-meter-tall tower for one of the world’s largest cable-stayed bridges was completed in East China’s Jiangsu province on Thursday.

上海乌托邦品茶微信The 11,072-meter-long Hutong Yangtze River Bridge, linking the cities of Nantong and Suzhou, is de

signed with a main span of 1,092 meters, making it the world’s first road-rail cable-stayed bridge with a span over 1,000 meters.

Ning Chaoxin, with the China Railway Major Bridge Engineering Group Co., Ltd (MBEC), the project’s contractor, said the two c上海乌托邦品茶微信

able towers are the key force structure of the bridge. The longer the bridge spans, the higher the cable tower needs to be.

To ensure the shipping on China’s busiest waterway, the bridge is designed to have a longer span. About 73,000 cubic meters of concrete

and 11,000 tonnes of steel bars were used to build each tower, whose height is equivalent to a 110-storey skyscraper.

Ning said the huge construction volume is required so that the bridge can withstand

violent typhoons, magnitude-8 earthquakes and impacts from the collision of a 100,000-tonne ship.

The bridge will have a 6-lane expressway on the upper deck and four railway tracks on the lower deck.

The track laying on the bridge will start in January 2020, according to MBEC. The bridge is expected to ensure the river shipping on the Yangtze, while easing the roa

d and railway traffic pressure in the Yangtze River Delta region, China’s economic powerhouse.

www.sh419pp.com

Mnuchin also said Trump 上海乌托邦品茶微信 him to designa

te Iranian Foreig上海乌托邦品茶微信n Minister Mohammad Javad Zarif “later this week.” The n

ew order allows Mnuchin to impose sanctions on officials appointed to their position by the Iran’s supreme leader.

Facing mounting US pressure, Zarif, in response to the new sanctions, tweeted th

at the hawkish senior US officials close to Trump “despise diplomacy, and thirst for war.”

“Nobody in a clear mind can accept to have a dialogue with somebody that is threaten

ing you with more sanctions,” Iran’s ambassador to the United Nations Majid Takht Ravanchi told reporters on Monday.

Ties between the United States and Iran have deteriorated after Washing

ton walked away from the landmark 2015 Iran nuclear deal in May 2018 and rei

mposed energy and financial sanctions, which had been removed under the deal, on Iran.

Iran has suspended parts of its commitments subject to the nuclear deal and have threatened to go further.

www.ozsnl.cn

tional Museum of 上海乌托邦女神会所all-encompassing expe

For example, wh上海乌托邦女神会所en the show was staged in the Basilica of San Giovanni Maggiore in

Naples, Italy, in 2017, Iacampo’s team used 3D scanning and mapping techniques to match their desig

ns to the interior of the historic structure, replicating their column designs with the real ones in the church.

Also on show at the exhibition at the National Museum of China is a re-creation of the su

bject of Van Gogh’s noted painting, Room at Arles. The painting depicts his bedroom, one of sev

eral rooms he rented in the building known as the Yellow House in Arles, southern France.

The painting is striking because of the contrast between its bright colors and sharp angles. The roo

m is also a testimony to a meaningful period in Van Gogh’s career: Not only did he aspire to m

ore freedom to his painting in Arles, but also, he invited his painter friend Paul Gauguin to stay and work with him. The

relationship between them gradually became tense and ended in tragedy when Van Gogh cut off his left ear lobe.

www.zaddw.cn

n an unusual move上海乌托邦女神会所s sends a stron

ng signal to busin上海乌托邦女神会所esses, 24 of the EU leaders chose instead to reflect supp

ort for the mid-century goal as a footnote in their final statement:

“For a large majority of member states, climate neutrality must be achieved by 2050.”

Time is running out

Since French President Emmanuel Macron in March launched the

push for the EU to absorb as much as it emits by 2050, along with three other nations, supp

ort had snowballed, showing the growing political prominence of the fight against global warming.

Addressing the holdouts during the summit, German Chancellor A

ngela Merkel pointed to months of climate protests by youths that helped propel Gre

en parties to their strongest showing yet in May’s European Parliament elections.

shuyin-edu.cn

emier Li Keqiang presides over a State Council meeting

上海乌托邦女神会所 Premier Li Keqiang called for greater strides in reform and opening-up to stimulate market v

itality and to transform and upgrade economic structure in revitalizing the rust belt in Northeast China.

Li’s remarks came as he presided over a State Council meeting on Thursday on revitalizing the country’s traditional industrial bases.

He underscored the importance of transforming government functions

and bettering the business environment, and urged government departments to offer

more support to provinces in the Northeast in streamlining administration.

The tax cuts and fee reduction policies must be implemented in full, an

d the country will make the region a priority in special transfer payments to localities, he said.

The reform of State-owned enterprises must be moved forw

ard, and more work must be done to expand the private sector, he said.

www.changjiangjiaoxiang.cn

But, in general, they have been weaker when compa

red with urban areas, Zhang said. “Problems such as loose organization and lack of ability to provide public ser

vices and governance exist in some rural areas, which urgently requires intensified efforts,” he said.

In recent years, some rural areas have improved governance throu

gh innovative measures based on the reality of their situation, Zhang said.

The ministry released 20 model cases on better governance in rural areas on Wednesday.

They cover aspects such as improving connections and interactions between vil

lage officials and residents, facilitating public participation in decision-making, and

finding solutions to eliminate social problems, such as extravagance and waste in hosting events.

wrplg.cn