The US president stil免费抢红包福利群千花坊hat he will be able

e to coerce China into reaching a deal on his terms if more pain can be inflic

免费抢红包福利群千花坊女神会所ted on the country through use of even higher tariffs. “China should not retaliate — will o

nly get worse!” he tweeted on Monday after raising tariffs on $550 billion in Chine

se imports. It sounds like he wants to push the “war of attrition” forward, even at the cost of US businesses.免费抢红包福利群千花坊

Hopefully, the US companies’ pleas for a truce — in the form of their ap

plications for license to continue business as usual — will incentivize Washin

免费抢红包福利群千花坊gton to have second thoughts on the future relations between the world’s two largest economies.

Experts say restoring order key to halting economic damage and global spillover

Leading financial agencies, economists worldwide and Hong Kong officials have issued f免费抢红包福利群千花坊女神会所

resh warnings on the city’s potential for recession and the spillover effects on the global economy, as the mon

thslong turmoil in the key trade hub continues to dampen market confidence and disrupt business operations.免费抢红包福利群千花坊

They say that ending violence and resuming social order is the

免费抢红包福利群千花坊top priority amid early signs that global economic prospects could plummet.

In the latest escalation of violence, protesters used weapons including gasoline bombs to attack the police over t

he weekend, destroyed shops in the city and sabotaged the innovation, science and technology sectors, Hong Kong Special免费抢红包福利群千花坊女神会所

Administrative Region Chief Executive Carrie Lam Cheng Yuet-ngor told a news conference on Tuesday.

免费抢红包福利群千花坊The SAR’s exports in July saw a year-on-year drop of 5.7 percent, while imports in the same period plummeted 8.7 percent,

the SAR government’s Census and Statistics Department disclosed on Monday.

Japan’s leading brokerage, Nomura Securities, said in a research note on Monday, “We are con免费抢红包福利群千花坊女神会所

cerned that the ongoing political tensions in HK are now affecting the key pillars of the economy (s

uch as retail sales, tourism, property prices) and thus the outlook of corporate earnings.”

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Jason Yu, general ma免费抢红包福利群乌托邦arket consultancy Ka

ntar Worldpanel China, said the quality and good prices of Costco’s food products are a major

attraction to Chinese consumers, as the demand for such products has grown. The retailer could bol免费抢红包福利群乌托邦品茶微信

ster its fresh food offerings to increase their customer retention rate here, Yu said.

免费抢红包福利群乌托邦”As Chinese consumers put more stress on healthy products and higher living standar

ds, the retail industry’s growth has remained robust in China and the momentum will continue,” he said.

Wang Caidi, 57-year-old retiree in Shanghai, left the store with avocados, cheese, m免费抢红包福利群乌托邦品茶微信

ilk and a pizza. She said quality foods enticed her to travel the 40 kilometers to the store.

“The products are of good value. I may come here one month later when it is less crowded,” she said.

免费抢红包福利群乌托邦Membership at Costco Shanghai has been available since July 1, with an annual membership

card priced at 299 yuan ($42). The company put its Chinese membership at over 120,000.

The store, with a shopping area of 14,000 square met免费抢红包福利群乌托邦

ers, is located in suburban Minhang district, nearly 30 km from the city’s center.

Richard Zhang, Costco’s senior vice-president for Asia, said on A

免费抢红包福利群乌托邦品茶微信ug 20 that the location was influenced by the presence of seven international schools i

n the area, indicating a large group of middle class consumers who are Costco’s targets.

He also said that the market has matured sufficiently for Chinese consumers to be “ready to pa免费抢红包福利群乌托邦

y for a membership card”. Little effort was spent on educating the market about membership.

Costco is the world’s largest membership-only re

免费抢红包福利群乌托邦品茶微信tailer. Walmart, the world’s largest retailer, has opened 26 membership-based Sam’s Club stores in Ch

ina. The latest opened in June in northern Shanghai, only 10 km from the Costco outlet.

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While restaurants an 免费抢红包福利群千花网ge Chinese cities ha

s have a long history of doing business at night, other sectors, including tourism and culture, still have plenty of room to gro

w if they are to equal the standards set by international cities such as London or Amsterdam, Vernotti said.?免费抢红包福利群千花网

Jiang Hao, partner at global consultancy Roland Berger, said China’s nighttime economy has great potential. As the country ha

?免费抢红包福利群千花网s risen to become the second-largest economy in the world, people’s consumption capacity and willingness to buy are c

onstantly increasing. In the fast pace of city life, many people go shopping only after working during the day.

“The night economy gives people more time to buy and increases their choice, which will bri

ng more business opportunities and become a new growth driver for China’s economy,” he said.?免费抢红包福利群千花网女神会所

According to market consultancy iiMedia Research, 60 percent of consumption in China occurs at nigh

t. In the past three years, the country’s nighttime consumption has grown by 17 percent on average.

?免费抢红包福利群千花网Authorities nationwide recently unveiled plans to “light up” cities after du

sk. In Beijing, a series of policies were rolled out last month to encourage after-dusk eco

nomic activities, including extending the operating hours of several subway lines every Friday, Saturday and Sunday, a?免费抢红包福利群千花网女神会所

nd later closing hours at tourist spots, museums, sports grounds and art galleries.

Longer hoursThis month, Shanghai announced a list of cultural activities and tour rout?免费抢红包福利群千花网

es, with 105 scenic spots, art galleries, museums and memorials across the city extending the

ir business hours, or presenting special late-night shows or night-tour programs.

?免费抢红包福利群千花网女神会所Convenience store chain Bianlifeng, which was established in Decem

ber 2016, has already benefited from 24-hour operation at all its more than 800 outlets.

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Trump’s retaliation aga免费抢红包福利群夜生活me after Beijing on

?Friday said it would retaliate against Trump’s plans for the imposition of tariffs on $300 billion in Chinese goods on Se

pt 1 and Dec 15 by slapping levies on US imports valued at $75 billion on the same dates. In a statement, China’s Com免费抢红包福利群夜生活

merce Ministry said the action was “forced by the US’s unilateralism and protectionism.”

In response, Trump tweeted: “Our country has lost stupidly, Trillions of Dollars with China ov

免费抢红包福利群夜生活女神会所er many years. They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, &

they want to continue. I won’t let that happen! We don’t need China and, frankly, would be better off without them.”

Trump demanded that American companies “immediately st免费抢红包福利群夜生活

art looking for an alternative to China, including bringing your companies HOME and mak

ing your products in the USA.” Trump has no authority to tell US companies how to operate.

免费抢红包福利群夜生活Following Trump’s tweet post, David French, the senior vice-presid

ent of government relations of the National Retail Federation, tweeted: “It is un

realistic for American retailers to move out of the world’s second largest economy…”免费抢红包福利群夜生活女神会所

“Our presence in China allows us to reach Chinese customers and develop overseas markets. This, i

n turn, allows us to grow and expand opportunities for American workers, businesses and consumers.”

免费抢红包福利群夜生活The Dow Jones Industrial Average closed Friday at 25,628.90, down 623.34 points or 2.37 percent. N

asdaq closed at 7,751.77, down 239.62 points or 3 percent. The S&P 500 was also down, closing

at 2,847.11, down 75.84 points or 2.59 percent. The market closed down for the fourth week in a row.免费抢红包福利群夜生活女神会所

The continuing trade dispute and fears about a worldwide economic slowdown have led c

entral banks in the US and around the world to ease monetary policy in recent months.

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Tourism planning for免费抢红包福利群楼凤an New Area completed

The Chinese government has completed the compilation of a plan for tourism developme

nt up until 2035 in north China’s Xiongan New Area, according to the Ministry of Culture and Tourism.免费抢红包福利群楼凤

The plan has been submitted to the Publicity Department of the Central Com

免费抢红包福利群楼凤mittee of the Communist Party of China for approval, the ministry said in a statement.

China announced plans in 2017 to establish the Xiongan New Area, a mi

llennium green city in Hebei Province located about 100 km southwest of Beijing.免费抢红包福利群楼凤

The tourism industry will serve Xiongan in carrying out its task

s of relieving functions nonessential to Beijing’s role as the capital and helping coo

免费抢红包福利群楼凤女神会所rdinated development of the Beijing-Tianjin-Hebei region, according to the plan.

The government aims to build the Xiongan New Area into a model fo

r high-quality development of Chinese tourism, an international tourism destination with gre免费抢红包福利群楼凤

at influence in the Beijing-Tianjin-Hebei region, and a world-famous tourism city.

Xiongan should be developed into a pilot zone to promote effective integration of culture and tourism, the reform of the tour免费抢红包福利群楼凤女神会所

ism management system, and the innovative development of eco-tourism, the statement read.

Olympic Forest Park offers range of activities, abundant wildlife

The most crowded place in Beijing on a typical weekend morning is not the Sanyu免费抢红包福利群楼凤

anli Market or the Sanlitun shopping area, but a park near the North Fifth Ring Road.

Entering through the park’s south gate, you’ll typically see a group of people to the left warming up for exercises, cha

tting about their fitness levels, while to the right you may see teams of runners pass, sweating heavily.免费抢红包福利群楼凤女神会所

A vacant area just 14 years ago, Olympic Forest Park was built ahead of the 2008 Beijing Summer Olympics as a leisure area for athlet

es and coaches away from intense competition at National Stadium, also known as the Bird’s Nest.

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Nation helping world免费抢红包福利群419 shared futureent Xi Jin

Chinese President Xi Jinping delivers a keynote speech and calls for bui

lding a community of shared future for mankind and achieving shared and win-win dev

elopment ami免费抢红包福利群419d growing challenges and risks, at the United Nations Office in Geneva, Switzerlan

President’s Thought on Diplomacy has opened new vistas, achieved fresh progress

免费抢红包福利群419品茶微信Editor’s note:?Xi Jinping Thought on Diplomacy is the fundamental guideline for China’s diplomati

c work in the new era. China Daily is publishing a series of stories to examine how Xi’s proposals have

become internationally accepted and made great contributions to world peace and human progress.免费抢红包福利群419

When Brenda Kazule returned to Zambia after completing her master’s degree at the Institute of South-South Cooperation and

免费抢红包福利群419品茶微信Development at Peking University in June last year, she had a thick book in her unwieldy luggage.

Kazule, a traditional-affairs officer from Muchinga province, said the book —?Xi Jinping: The Governance of China?— is import

ant to her because it gave her insights about China’s development as well as the governing of the world’s most popu免费抢红包福利群419

lous country by the Communist Party of China, and she wanted to share it with her colleagues.

Since Xi Jinping was elected as general secretary of the CPC Central Committee in November 2012 and p免费抢红包福利群419品茶微信

resident of China in March 2013, the country’s diplomacy has opened new prospects and achieved new progress.

免费抢红包福利群419The book is a collection of several dozen speeches and essays by Xi on a variety of topics. It interprets the concepts and prin

ciples of the top CPC leadership’s governance and also helps foreign people better understand China’s development

path, its domestic and foreign policies and responses to international concerns about the country.免费抢红包福利群419品茶微信

Kazule said what impressed her most about the book was the cou

ntry’s targeted poverty-reduction policy and Xi’s vision on building a community with a shared fut免费抢红包福利群419

ure for mankind.f poverty alleviation efforts aim to solve a problem in China, the vision of building a community with a sh

ared future for mankind paints a picture of the whole world working together for com免费抢红包福利群419品茶微信

mon development and prosperity — as in a global village, where all countries have a common destiny, she said.

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Brazil has replaced the免费抢红包福利群千花网hina’s largest sour

rce of soybeans and cotton, and soon the US will also be substituted by other cou

ntries as the main supplier of chicken and wheat to China, if the trade row continues.免费抢红包福利群千花网女神会所

Japan now has free trade agreements with the European Union and some trans-Paci

免费抢红包福利群千花网fic countries, such as Australia and Canada, and the US has lost its advantage in its trade with Japan, not o

nly in soybeans and wheat-last year, US exports of pork to Japan declined by 35 percent.免费抢红包福利群千花网

Coercing Japan to buy US agricultural products will not be sustainable, and ther

e is still a long way to go for the US administration to ease the anxiety of its farmers.

免费抢红包福利群千花网女神会所Police in Fuzhou, the capital of Southeastern China’s Fujian province, said on Su

nday they had seized a handgun found in a FedEx parcel and launched an investigation into the case.

The parcel, carried by the United States express delivery service pro

vider, was shipped to a sporting goods company in Fujian from an American client, accor免费抢红包福利群千花网

ding to a statement released by the public security bureau of the city’s Jin’an district on its Sina Weibo account.

The handgun was discovered in the package and seized by polic

免费抢红包福利群千花网女神会所e, the statement said without releasing further details of the contents of the parcel.

It is not the first time that FedEx, which launched its business in China more than thre

e decades ago, has prompted official probes into alleged violations of Chinese postal regulations recently.免费抢红包福利群千花网

In early June, FedEx was placed under investigation after Huawei, one of China’s largest telecommunications ma

免费抢红包福利群千花网女神会所nufacturers, said it had diverted two parcels sent from Japan and addressed to Huawei in China to the US.

Initial results from the probe, released in late July, refuted Fed-Ex’s claim that the rerouting was an “operational error”. The com

pany was also suspected of holding back over 100 packages that Huawei had intended to deliver to China.

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You Wenze, a spokes免费抢红包福利群乌托邦he Foreign Affairs Com

mmittee of the National People’s Congress, said some US po

liticians have glorified violent crimes in Hong Kong as protests for human rights and freedom, wh免费抢红包福利群乌托邦

ile smearing as violent suppression Hong Kong police efforts at law enforcement and maintaining social order.

免费抢红包福利群乌托邦女神会所Move expected to energize Greater Bay Area, enrich practice of ‘one country, two systems’

China will support Shenzhen, adjacent to Hong Kong, in building a demonstration pi

lot zone for socialism with Chinese characteristics, under a guideline issued on Su免费抢红包福利群乌托邦

nday by the Central Committee of the Communist Party of China and the State Council.

It will help better develop the Guangdong-Hong Kon

免费抢红包福利群乌托邦g-Macao Greater Bay Area and enrich the practice of the “one country, two systems” principle, the gui

deline said, adding that it will be a good way to explore a new path in building a great modern socialist country in

an all-around way and providing strong support for realizing the Chinese dream of great national rejuvenation.免费抢红包福利群乌托邦女神会所

The guideline said that by 2025 Shenzhen will rank among the

top cities in the world in economic strength and quality of development, with inten免费抢红包福利群乌托邦

sive research and development investment and world-class industrial innovation capacity.

It will be built into a modern, international and innovative city by then, with its cultural power greatly enhanced and it免费抢红包福利群乌托邦女神会所

s public service level and ecological environment quality reaching an international advanced level, it said.

By 2035, Shenzhen will become a national model of high-quality develo

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By midcentury, Shenzhen will become a global benchmark city in

its competitiveness, innovation and outstanding influence, it added.

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PBOC interest rate refo免费抢红包福利群419 small businesses

Borrowing costs will get lower for companies in China starting Tuesday through a

key interest rate reform brought out by the People’s Bank of China, the central bank, to maintain ec免费抢红包福利群419

onomic momentum amid the continuing trade friction with the United States.

免费抢红包福利群419女神会所Analysts say the interest rate reform will lower financing costs for small a

nd private companies and encourage investment in the manufacturing sector.

The PBOC unveiled the policy over the weekend, saying it would introduce a new reference rate, the loan prime rate-the pr免费抢红包福利群419

ice of loans banks offer their best clients-for setting the prices of business and household loans. The earlier re

免费抢红包福利群419ference rate, the one-year benchmark lending rate, will be replaced in the future.

The announcement is seen as China’s most significant market-based interest rate reform for over a decade, experts said.免费抢红包福利群419女神会所

The PBOC said in a statement that, starting Tuesday, 18 qualified commer

cial banks, including State-owned banks, city and rural commercial banks and foreign banks, will report their lend

免费抢红包福利群419ing reference rate every month. Analysts expect the first loan prime rate will be much lower than the current 4.35 per

cent one-year benchmark lending rate, which has been unchanged since August 2015.

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wed to float the lending rates up by certain percentage points above the medium-ter

免费抢红包福利群419女神会所m lending facility rate of the central bank. The medium-term lending rate is the cost that commercial banks sho

uld pay for borrowing from the central bank, and it was set at 3.3 percent on Thursday.

Sheng Songcheng, a central bank adviser and former head of the PBOC’s

statistics department, said the reform will help keep lending rates lower.

Moreover, the changes will enable the PBOC to effectively influence Chin免费抢红包福利群419女神会所

a’s entire interest rate system by selling or buying financial instruments on the open

market, much like how Western central banks implement monetary policy, Sheng said.

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Led by Vice-Premier Hu免费抢红包福利群楼凤the group will be

?composed of six deputy group leaders and members from State Council departments and bureaus.

The office of the working group is to be located at the Ministry of Human Resources and Social Security, which will免费抢红包福利群楼凤女神会所

be in charge of the regular work, and meetings will be convened from time to time as needed.

Beijing has unveiled a three-year action plan to further reform and expa免费抢红包福利群楼凤

nd the city’s service industry, the municipal commerce bureau said on Aug 15.

免费抢红包福利群楼凤The plan came up with 190 specific measures to open wider in eight fields in the service sector, including science and tech

nology, internet information, finance, education, cultural tourism, health care and professional services.

New measures will be taken in the professional service field to stre免费抢红包福利群楼凤女神会所

ngthen international cooperation of professional service organizations such as law firms.

By easing restrictions and allowing wider market access for overseas investors, Beijing

has seen a growing number of new foreign businesses settled, including Toyota Fina免费抢红包福利群楼凤

ncial Services and BMW’s new subsidiary for digital solutions, said Yan Ligang, head of the bureau.

The city’s actual use of foreign capital was $8.59 billion in the first half of 2019, with 755 fo

免费抢红包福利群楼凤女神会所reign — funded enterprises set up. The added value of the service industry made up 82.8 percent of the city’s GDP.

The growth rate of the government’s fiscal income slipped to 3.1 percent in the year’s first seven months, the slowest in four years.

But moderation in fiscal income will not weaken authorities’ capacity for expa免费抢红包福利群楼凤

nsion of fiscal spending in the second half to back economic growth, economists said.

On Friday, the Ministry of Finance reported 12.56 trillion yuan ($1.78 tr

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rowth rate of 3.1 percent. That’s down from a 3.4 percent growth rate in the first half of the year.

Fiscal spending grew 9.9 percent from a year earlier to 13.8 trillion yuan i

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