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

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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

display outside the Kani Doraku restaurant at the

One of Japan’s two “urban prefectures”, Osaka is home to the country’s thir上海419论坛

d-largest city and its commercial center, having played a vital role in Japan’s economy for ov

er 1,700 years. This summer, it expects to gather around 30,000 people for the G20 summit, the centerpiece of the 2019 G20 meetings.上海419论坛

Tourists may be disappointed by being unable to access the i

conic, gull-winged Osaka Castle, which is expected to be used as a backdrop for G20 events.

上海419论坛Some 700 schools in the city will close on the summit days in order to reduce congestion, according to local press reports.

The participants are leaders from 19 countries and the European Union. The 19 countries are A

rgentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy

上海419论坛女神会所, Japan, Mexico, Republic of Korea, Republic of South Africa, Russia, Saudi Arabia, Turkey

, United Kingdom and United States of America. In addition, leaders of invited guest countrie上海419论坛女神会所

s and representatives of invited guest international organizations

will participate in the summit along with leaders from the G20 members.

The host country of the G20 summit leads the group over the course of one year from Decemb

er through the following November as the G20 presidency. The G20 presidency also organizes relevant ministerial and working group meetings.

Together, the nations of the G20 account for around 80 percent of global economic out

put, nearly 75 percent of all global trade, and about two-thirds of the world’s population.

上海419论坛The G20 was formed in 1999, in the wake of the Asian financial crisis, to unite finance ministe

rs and central bankers from twenty of the world’s largest established and emerging econom

The G20 initially focused largely on broad macroeconomic policy, but it has expanded its ambit. The 2018 summit in Argentina

focused on fair and sustainable development, while the previous summit in Germany drilled down on issues including corruption, money laundering and international tax havens.

Economic and financial coordination remains the centerpiece of each summit’s agenda, but issues such as the

future of work, terrorism and global health are recurring focuses as well. This was increasingly true in the d

ecade following the global financial crisis, when the G20 was able to turn its attention beyond acute economic crisis management.

ies. A decade later, at the height of the global economic crisis, the G20 was elevated to include heads of state and government.上海419论坛女神会所

guapogang.cn

She said whoever as上海会所品茶微信rship should be stro

strong and popu上海会所品茶微信lar enough and able to connect with European citizens

who showed the highest turnout in 20 years in the elections for the European Parliament in late May.

“They should be able to work in an efficient manner with world leaders and be strong enough to galvani

ze worldwide support. We live in a very challenging world, and Europe needs strong and effective leadership,” Islam said.

There have been major disagreements between leaders of the two major member states. German Chancellor Angela Merkel favors the process of lead candi

date, known as Spitzenkandidaten in German. She supported Manfred Weber, the lead candidate of the center-ri

ght EPP, the largest bloc in the European Parliament, a bloc of which Merkel is a member.

But French President Emmanuel Macron and some other EU leaders oppose Weber to replace Jean-Claude Juncker as president of European Commission.

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Earlier, the Kenyan gove上海会所品茶微信d revealed that th

medical personnel 上海会所品茶微信who were sent to Sierra Leone and Liberia in 2015 will man points of entry to detect Ebola

cases. The team that returned in June last year was part of the African Union mission in Ebola in West Africa.

Contingency plans

Contingency plans had long been put in place in Uganda for possible imported Ebola cases, according to WHO. The gov

ernment has vaccinated about 4,700 health workers in 165 health facilities, including the one where the dead boy was treated.

“This is a sobering development that everyone has been working to avoi

d and highlights the complexity of the Ebola outbreak in the Democratic Republic of the

Congo,” Robert Redfield, director of the country’s Center for Disease Control and Prevention, said in a statement.

Redfield had issued a warning, a week ago, that the outbreak in the DR Congo could spread outside the country. He ad

ded that there was a risk of the current supply of vaccines running out before more is produced.

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Another crucial step is to encourage more talent to sta

 in 上海千花坊女神会所the region, and local authorities must create an enabling environment for starting and doing business in the Northeast, he said.

The three provinces in the Northeast-Liaoning, Jilin and Heilongjiang-saw GDP growt

h of 5.7, 4.5 and 4.7 percent last year, which is below the national average of 6.6 percent.

Meanwhile, the three provinces have also seen a continuous outflow of working-age citizens. In Liaoning, the number of peo

ple aged between 16 and 59 was down by 492,000 last year, according to the Liaoning Bureau of Statistics.he United Sta

tes’ trade deficit with China is not a matter of simple, objective truth. It has been brought on by actions of the US i

tself — a combination of export controls, market restrictions, competition, trade policies, currency dominance and other f

actors — officials and experts said in response to a report from the Ministry of Commerce on Thursday.

www.changhaisheng.cn

inopec establish joint venture with Russian companie

hina Petrole上海会所品茶微信um and Chemical Corp, the world’s larg

est refiner by volume, has agreed to establish 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 economic and social benefit an

d will further diversify China’s natural gas imports, while meeting ever-increasing ga

s demand in the country, said Dai Houliang, China Petrochemical Corp president.

www.aaart.org.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

Entrepreneurial activities and innovation will bolster th

e development of the Internet Plus model. This will help foster new drivers of g

rowth, deliver better services, boost consumption and expand employment,” Li said.

A 52-year-old man from Southwest China’s Sichuan province will sit f

or the national college entrance examination, or gaokao, on Friday for the 23rd time.

Liang Shi, who was born in 1967 in Wengong township, Rensh

ou county, Sichuan province, took the gaokao for the

first time in 1983 and also in the two following years, as his teacher parents insisted.

Liang, the fourth child in his family, said he realized his parents wi

shed their five children would study in university, but n

ne of them did. The family’s situation could not support his further studies and Liang started to work.

ozsnl.cn

arks the 70th anniversary of the establishment of China-Russi

Yunnan student on Friday was allowed 30 percent extra time in the natio

nal college entrance exam, or gaokao, due to her physical disability, local media has reported.

This is the first reported case of such an allowance in the province.

Xu Ruiyang, who lives with spinal muscular atrophy, is confined to a wheelchair and writes slower than other students.

Authorities approved extra time for her, in a bid to let her operate on the same level as her classmates.

Premier Li says a ‘special difference’ can spur market vitality and jobs

China will issue more measures to further implement the country’s innov

ation-driven development strategy and incentivize business startups and innovation nationwide, the State

Council’s executive meeting chaired by Premier Li Keqiang decided on Wednesday.

www.improvecfan.cn