buy electric home applia上海千花网 a supermarket i

Policies to enhan上海千花网ce entrepreneurship, employment and consumption are encouraging people to spend

上海千花网品茶微信Consumption will continue to be the strongest driver of China’s economic growth

and the country’s regulators are looking at ways to further liberalize its potential.

Immediately after the three-day Dragon Boat Festival at the beginning of June, during which, according to China’s Ministry of C上海千花网

ulture and Tourism, Chinese tourists spent 39.3 billion yuan ($5.72 billion) on domestic travel, the country’s sav

上海千花网品茶微信vy internet users were busy arranging their shopping carts for the online sales day on June 18.

“It is the best time to stock up on those daily necessities of life for the whole year,” said Hong X

in, a 28-year-old office worker in Suzhou, Jiangsu province, who had her eye set on a toilet paper and

上海千花网品茶微信washing liquid value deal on Tmall, one of the country’s biggest e-commerce platforms.

She said the sales day was not just about saving money, but also about en

joying better products. “For example, wet toilet tissue is quite expensive if you buy it in

the supermarket one pack at a time, but it is much more affordable during the sales day if you buy in bulk,” she said.上海千花网

Consumers like Hong, who have a strong willingness to spend to make their lives easier, are adding

impetus to national consumption, which achieved an eye-catching performance in the first quarter of上海千花网品茶微信

2019, according to Nielsen, the New York-headquartered information, data and measurement company.

Nielsen’s report said that in the first quarter, China’s consumer trend index, which measures perceptions of local job pr

ospects, personal finance and willingness to spend, was close to a historical high.

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Will the maximum pr上海千花网ed on China take effec

Using maximum pressure to achieve its goals is a trick frequently used by some in the United States for international negotiations cal

上海千花网led “the art of trading”. Its main feature is using the means of multifaceted attacks and unlimited requirements while at the same time gaming against its opponent in m

ultiple issues that cross different fields, and then resorting to selected compromising moves to achieve the goals of core interests, to maintain hegemony through power, and to defeat the opponent t上海千花网

hrough bullying and deception. Some people in the US think that “maximum pressure” is extremely powerful, and decidedly useful when dealing with China.上海千花网

Is the “maximum pressure” measure really effective? In dealing with some small and weak countries, the US government has arbitrarily waved the big stick of sanctions and relied on its power and maximum pressure to impose its own interests. Some countries, shadowed by the powerful economic and political pressur上海千花网

e from the US, either because of a lack of overall strength or because of long-term dependence on the US, have been forced by the US to make compromises in accordance with the require

上海千花网ments of the US in negotiations, and they have to quiet down and let the US get what it wants. This is a situation that happens often and inevitably leads some people in the US to form the opi

nion that all countries, including China, will be afraid of the maximum pressure strategy and will certainly yield and surrender under their powerful pressure.

• Can trade protection make the “return of the manufacturing industry” to the US possible?

上海千花网女神会所Since the Trump administration came to power, it has put forward the proposal of “buying US goods and hiring US workers”, emphasizing the “return of the manufacturing industry”. Some people in the US

offered preferential policies to enterprises that came back to the US to set up factories. For those enterprises that moved their factories abroad, they were threatened with tariffs, forcing ente

rprises to return to the US for production. Can these trade protectionist practices really enable the US to achieve a return of the manufacturing industry?上海千花网女神会所

Whether the return of the manufacturing industry can be achieved depends first on the reasons behind the outflow of manufacturing from the US.

From the perspective of the US domestic economy, its manufacturing outflow is determined by how the local economy works.上海千花网女神会所

In the process of economic globalization, US multinational companies have transferred more and more industries to developing countries to a

chieve maximum profitability. Through industrial transfer, they reduce costs, expand markets, divert pollution, and i

ncrease the profitability of capital. At the same time, more and more capital has left the real economic sector with lo

wer profit margins, and turned to the financial sector to engage in financial speculation, leading to the hollowing out and virtualization of the US economy.

• Can economic and trade friction promote US economic prosperity?

Since 2019, the employment rate and the market value of the US stock market have remained high. In the first quarter, the actual GDP annualized quarter-on-quarter

preliminary value was 3.2 percent. Since the introduction of economic and trade friction by the US against China, the US economy seems to be

doing well. This has made some people in the US confident about constantly escalating trade friction with China. But to o

bjectively evaluate the so-called prosperity of the US economy requires a comprehensive and rational analysis.

Based on some indicators, the US economy is prospering. However, whether it will continue to prosper depends on the

state of capital accumulation. In the first quarter of 2019, the seasonally adjusted fixed-capita

l investment growth rate of the US private sector was only 1 percent, significantly lower than growth rates in 20

17 and 2018. According to US official data, US durable goods orders fell 2.1 percent from the previous month in April 2019, surp

assing the expected 2 percent decline. Shipments of core capital goods – a leading indicator of economic expansion – fell by 0.9 percent in April. Fr

om the perspective of development trends, economists are unsure about the prospects of the US economy. According to a recent survey released by the Na

tional Association for Business Economics, many economists predicted that the possibility of a recession in the US ec

onomy by the end of 2020 will almost double, mainly due to the US government’s trade protectionist policies.

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Pacts mulled in president’s visit to Central Asia

Trip will includ上海千花网女神会所e bilateral talks with leaders of nations at regional organization’s meeting

China will sign an array of cooperation agreements with Kyrgyzstan and Tajikistan during President Xi Jinping’s state visits to the

two Central Asian countries to further strengthen their ties, a senior diplomat said on Monday.

As an important outcome of Xi’s visits, Beijing will also sign a joint statement with each country on furthering their com

prehensive strategic partnerships, Vice-Foreign Minister Zhang Hanhui said at a news briefing.

Xi will also attend the 19th meeting of the Council of Heads of State of the Shanghai Cooperation Organization in Bishkek, the Kyrgyz

capital, during his stay from Wednesday to Friday, as well as the fifth summit of the Conference on Interaction and

Confidence Building Measures in Asia in the Tajik capital of Dushanbe during his visit from Friday to Sunday.

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hina to remain steadfast protecting national security

First, China has undisputable sovereignty over islands and their surrounding waters in the South China Sea, backed by a wealth of historical and legal basis,” Shao said.

For a long period of time, various nations’ normal passage and flight in the region have never been obstructed. “There i

s no issue over the freedom of navigation and overflight in the South China Sea,” he said.

However, the US has frequently sent vessels and aircraft to trespass into Chinese mar

itime territory and airspace, and has conducted intense intelligence gathering and special drills in the region.

“These actions damage the peace and security of the region,” Shao said. “As a result, the PLA

has installed necessary defense equipment on the islands in accordance with security needs. This is within

the natural rights of a sovereign state, and a necessary measure to counter those provocative actions.”

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an India in terms of economic might-the past two years

s have seen Modi front-loading India’s unique religious, cultural and civilizational links with neighboring countries.

This pragmatic approach has not just made the Sino-Indian summits most frequent but hopefully also more produ

ctive. Modi has not had as many one-on-one meetings with any other global leader. And since this trend is like

ly to continue, it could see them jointly responding to the White House’s blitzkrieg against friends and foes alike.

The fact that Russia still faces serious economic challenges and the US has slipped into confrontations with some coun

tries will provide further traction for Modi and Xi to play larger roles in setting the tone and tenor of multilateral debate

s and initiatives. Their synergy in tackling regional and global issues will continue to have positive effects on bila

teral equations, which remain an essential prerequisite for the two countries’ peaceful rise.

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Development of huge shale oil field goes full steam

This year, PetroChina’s Xinjiang Oilfield Company has been fully develop

ing the Jimsar shale oil field, which boasts 1 billion tons of shale oil reserves, Xinhua reported.

The company has mobilized 36 drilling rigs, started drilling on 47 wells and completed eight wells till now. The daily drille

d footage surpassed 2,000 meters and the total drilled footage reached 160,000 meters.

PetroChina has ramped up exploration efforts on Bohai Bay Basin, Songliao Basin, Ordo

s Basin and Junggar Basin in recent years and shale oil was listed as one of the four exploration goals. Dagang Oilfi

eld, Xinjiang Oilfield, Tuha Oilfield and Changqing Oilfield have been set as important demonstration zones.

Xinjiang Oilfield Company said it planned to mobilize 45 drilling rigs this year to finish drilling nearly 100 wells.

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China has to walk a fine balance between local govern

nment debt management and stable economic growth, especially at a time when trade te

nsions with the United States have imposed more downward pressure, said economists.

More financial resources and investors will be involved in the debt resolution process, said Qiao Baoyun, head of the Acad

emy of Public Finance and Public Policy at the Central University of Finance and Economics.

The last round of local government debt swaps started in 2015 and ended in August 2018, w

hich saw 14.34 trillion yuan ($2.08 trillion) of local government debt being swapped into bonds.

Local governments are set to face more debt burden in the next three ye

ars, as many of the previously issued bonds are set to expire, income from land sales has

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True, the first quarter of 2019 yielded better-than-expe

ted results. But the higher rate of FAI growth was to a large extent driven by a strong increase in investment in real estate, which is l

ikely to weaken sooner or later owing to the government’s commitment to cooling China’s “real-esta

te fever”. And, given the trade frictions with the US, China’s export performance for the rest of 2019 is highly uncertain.

To compensate for declining investment in real estate and weakening exports, China must maintain reasonable growth in inf

rastructure investment. To that end, the government should pursue higher spending (taking advantage of a strong fis

cal position), supported by accommodative monetary policy (amid very low inflation).

Fiscal and monetary expansion may be out of fashion among China’s mainstream economists, who insist that struct

ural adjustment must be the priority. But it could go a long way toward bolstering China’s economic per

formance in 2019, without impeding structural reform. The challenge is to strike the right balance.

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No quick fix for decades-old Israeli-Palestinian enmity

Concern over the recent escalation of tensions between Palestinians and Israelis have been temporarily relieved after Palestin

ian leaders in Gaza agreed a cease-fire with Israel early on Monday. Right now, nothing is more important than u

pholding the cease-fire as the atmosphere between the two rivals has not been so combustible since 2014.

Since Friday, militant groups in Gaza have fired more than 600 rockets a

nd other projectiles at southern Israeli cities and villages, killing four Israeli civilians, wit

h Israel retaliating with air and artillery strikes, killing 27 people, including 14 civilians, in Gaza.

The latest border clashes, the most deadly since 2014, have occurred against the backdrop of the changing Middle East po

licy of the United States, which has seen the US drop any pretense of impartiality and make clear its support of Israel.

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need to promote exchanges among civilizations and

 dialogues based on harmony in diversity and inclusiveness. We need to undertake the cultural responsibility of inter

national communicators, and let exchanges of culture and among civilizations, as well as mutual learning, co

nstantly serve as bridges for people’s friendship, the impetus of international cooperation and bond of world peace.

Second, we should become builders of world peace and development. The wheel of humanities’ de

velopment is unstoppable. Peace, reconciliation and harmony are historical trends. Equality, mut

ual trust and win-win cooperation are historical necessities. Yet, as international conventions are attacked an

d multilateral mechanisms are challenged, the anti-globalization tendency rises, and unilateralism and tra

de protectionism are becoming increasingly fierce. We must adamantly safeguard the contemporary interna

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