inping before their ta上海楼凤lin in Moscow, Ru

In a written statement released after his arrival in Moscow for the three-

上海楼凤品茶微信day visit to Russia, Xi said China and Russia have created a role model of peaceful coex

istence and win-win cooperation between neighboring countries as well as between major world powers.上海楼凤

In a joint interview with the TASS Russian News Agency a

nd the Rossiyskaya Gazeta newspaper ahead of the visit, Xi said the two countries have alw上海楼凤品茶微信

ays firmly supported each other on issues regarding their respective core interests and major concerns.

The president called on the two countries to enhance support for each other, seek greater synergy between their dev

上海楼凤elopment strategies, expand areas of cooperation, and play a more constructive role in international aff

airs.resident Xi Jinping and his Russian counterpart Vladimir Putin head for the venue of their talks in Mosc

Continuous downpours in recent days have triggered serious floods in many regions in Central, 、上海楼凤品茶微信

East and South China, including Hunan and Jiangxi provinces, and Guangxi Zhuang autonomous region.

In the rescue work that often follows heavy rains, armed police officers and firefighters in br

上海楼凤ight orange life jackets are seen everywhere. Holding babies in their arms and car

rying the elderly on their backs, they have garnered respect and affection nationwide.

A cluster of village houses stand out in the well-arranged terraced rice fields in Pinglu county, North China’s Shanxi province, creating an idyllic summer scene.

Pinglu county, which lies at the border of Shanxi and Henan provinces, is an important grain producing area with a typical loess plateau landform.上海楼凤

Thousands of channels and valleys decorate the terraced fields with various colors, looking like beautiful and spectacular watercolor paintings.

About 2,600 people on Wednesday simultaneously performed military martial arts in Wuhan, Central China’s Hubei provi

上海楼凤nce, marking the 100 days countdown to the seventh World Military Games, which is scheduled to commence in the city in October.

The performance was held to celebrate both the upcoming global event and the 70th 

anniversary of the founding of the People’s Republic of China, according to organizers.上海楼凤

Around 2,600 performers from 26 teams fought their way to the final, in which the Wuchang

Polytechnic College team won the grand prize, while three other teams won first prize.

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On the other hand,上海会所he past, the Fed now has t

to take the delayed effect of balance sheet reduction conducted earlier into its consideration of rate cuts. The current phase-out of balanc

上海会所e sheet reduction already has some easing effect, and only after the balance sheet reduction ends in September, can its impact become clearer.

By incorporating that impact into consideration, the Fed can draw up a better rate cut plan that maximizes effects of the policy mix.上海会所

Thirdly, the market may have overestimated how much the Fed will cut the rates. There may be no more than three rate cuts by the end of 2020.

St. Louis Fed President James Bullard – the major advocate of this

round of rate cut – has suggested the use of the modern-day Taylor rule, which fairly well explains th上海会所

e Fed’s interest rate decisions. Even based on this model adopted by dovish Fed officials, we found that the degree of rate cuts may be weaker than m

上海会所arket expectation for quite some time going forward: at most one cut by the end of this year and likely two or three cuts by the end of 2020.

By contrast, before the June FOMC meeting, the market expected a higher-than-85-percent chance of more than one rate cut by the

end of this year as well as an about 60-percent chance of more than three cuts by the end of 2020, according to Bloomberg data.上海会所品茶微信

In conclusion, we think as economic downside pressure gradually emerges, the Fed will have to kick off the rate cut cycle. But the rate cut si上海会所品茶微信

gnal, timing and degree may not measure up to the market expectation. Therefore, two future developments appear possible:

First, investor sentiment can reverse drastically if the Fed’s action fails to meet market expec上海会所品茶微信

tation. Considering the market has fully priced in the unrealistic expectation of rate cuts sinc

e early June, any reversal of expectation can lead to short-term fluctuations of key price signals such as the US Treasury yield cu

rve, the US Dollar Index, and the gold price, which may pose extensive spillover shocks to asset portfolios.

Second, the long-term trend of rate cuts will continue even if the market expectation reverses. In the long

run, the Fed is expected to proceed with rate cuts in a fairly slow and smooth way. This will enlarge the monetary policy room of ot

her major economies and expedite the shift toward an easing global monetary environment, which may in turn lift the sen

timent of global stock markets and ease any currency risk of emerging markets gradually.

Cheng Shi is the managing director, head of research and chief economist of ICBC Interna

tional Holdings Ltd.Qian Zhijun is a senior economist of ICBC International Holdings Ltd.

chitudoudemao.cn

Boeing may reimburse airlines for 737 MAX grounding

Boeing CEO Dennis Muilenburg said on Wednesday that the aircraft manufacturer

上海千花坊is having “ongoing conversations” with airlines about possible reimbursements following the worldwide grounding of 737 MAX jets.

The airlines haven’t disclosed how much they are seeking from Boeing, but some analysts peg industrywide losses at about $1 billion. In an interview with Axios, Muilenb上海千花坊

urg didn’t say how Boeing would compensate airlines, but it could be cash, a discount on future orders or additional pilot training and services.

Airlines seeking compensation include Air China, China Eastern Airlines, China Southern Airlines, Norwegian Air, Turkish Air, Ryanair, Flydubai and United Airlines.上海千花坊品茶微信

“Reimbursement isn’t a technical problem,” John Cochran, president of Eaglemark, an aviation con

sulting firm and professor emeritus of Aerospace Engineering at Auburn University, told China Daily USA. “It’s a matter of first imp

ression. Some of what Boeing proposes to do may be contractual and it’s certainly sound public relations. Boeing wants to keep its customers happy.”上海千花坊

The 10,000-member pilots union for Southwest Airlines said this month it will ask B

oeing  for compensation to cover legal costs and lost income for pilots due to the 737 MAX grounding.

上海千花坊品茶微信The union hasn’t said how much pilots have lost, but it could be as much as $9 million a month, the Dallas Morning News reported.

Southwest has 34 MAX jets in its fleet. The airline said it plans to resume MAX flights on Sept

2, but the union said “there is no accurate estimate of when the MAX will return to service.”

上海千花坊品茶微信Airlines have used other planes when possible to replace grounded MAX jets, but some flights have been canceled. The airlines appa

rently seek compensation for lost revenue as well as storage and the cost of preparing the MAX to return to c

ommercial service when the US Federal Aviation Administration and other regulators say it’s safe to fly.

Boeing MAX jets were grounded worldwide following crashes March 10 in Ethiopi

a and October 29, 2018, in Indonesia that killed a total of 346 passengers and crew.

Preliminary investigations suggest the aircraft’s Maneuvering Characteristics Augmentation System (MCAS), an automated anti-stall device, apparently fo

rced the noses of Lion Air and Ethiopian Airlines flights down and into a fatal plunge when it erroneously deter

mined the planes were about to stall. To avoid a stall, MCAS points the nose of the plane down to gain air speed.

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This is the world’s fir爱上海品茶微信ying 5G technolo

According to Sic爱上海品茶微信huan Provincial People’s Hospital, the 5G emergency rescue system,

which integrates artificial intelligence, augmented reality, virtual reality and drone applications, allows a series of me

dical checks including blood tests, electrocardiograms and ultrasounds to be given to patients right away. The inf

ormation can then be transferred back to the hospital in real time, which greatly saved time in rescuing patients.

The rescue system also helped another 72-year-old patient who got a fracture in the earthquake. According to report from China

news.com, a temporary ward supported by 5G technology was established at the epicenter of the di

saster zone for consultation with doctors from Chengdu, as the aged patient had a previous history of high blo

od pressure and cerebral infarction, which necessitated more careful treatment.

“The 5G-based network thoroughly solved the problems of poor

definition and distortion of images, as well as interrupted signal transmissions,” said Li W

ei, deputy director of the emergency center of Sichuan Provincial People’s Hospital.

www.jvuau.cn

ntegration and De上海千花坊品茶微信nt Forum in She

uateng was name上海千花坊品茶微信d among the world’s best CEOs for the second cons

ecutive year according to Barron’s, a financial weekly published by Dow Jones & Company.

This is the 15th year Barron’s has released a World’s Best CEOs list, and the unihinese tech chair Ma was categorized

as a visionary founder in a group of people who run the thriving companies they bui

lt, along with Berkshire Hathaway CEO Warren Buffett, Amazon.com CEO Jeffrey Bezos and Facebook CEO Mark Zuckerberg.

Advanced Micro Devices CEO Lisa Su is a Chinese face among the 11 new arrivals on this year’s list.

Facebook’s (FB) Mark Zuckerberg and Alphabet’s (GOOGLE) Larry Page re

main on the list despite widespread criticism for their market dominance and handling of

user data, mainly because growth at their companies is still explosive, according to Barron’s.

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Australian-born Assan上海千花网品茶微信aximum penal

ty of 10 years in 上海千花网品茶微信prison for each charge. He was initially accused of violating the US Espionage Act.

He was sentenced to 50 weeks in jail in May for breaching the Bail

Act in Britain after having been expelled from Ecuador’s Embassy in London, where he was gra

nted refuge in 2012 while on bail in Britain over sexual assault allegations against him in Sweden.

Assange has said that he does not consent to being extradited to the US over charges related to leaking government secrets.

More evidence and details emerged as prosecutors laid out their cas

e in the federal death penalty trial of Brendt Christe

nsen in the slaying of 26-year-old missing Chinese scholar Zhang Yingying, at the federal courthouse on Thursday.

Christensen, 29, a former physics graduate student at the University of Illinois,

is accused of picking up Zhang at a campus bus stop, then raping and torturing her in his apartment,

www.hbLumei.com

Jinping takes questions at the 23rd St. Petersburg Interna

上海乌托邦品茶微信Speech in St. Petersburg highlights global teamwork, BRI coordination

President Xi Jinping reaffirmed China’s stance on promoting the process of economic global

ization and maintaining the multilateral trading system at a forum held in Russia on Friday.

China would like to share its most advanced scientific achievements with the world, inclu

ding 5G technologies, and jointly cultivate new core competitiveness and share its economic growth model, Xi said.

The president made the remarks in a speech at the plenary session of the 23rd St. Petersburg International Economic Forum.

Xi said that China will continue to deepen its reform and ope

ning-up, ease market access and build a market environment with fair competition.

www.7893391.cn

Li Xiuzhi (center) poses for a photo with her family on May

Wang Aiqin, one of Li’s granddaughters, said that Li has four sons who

take care of her in rotation every month, along wi

th her three daughters. Li can remember all her family members but is slightly deaf.

Li enjoys good relationships with her neighbors, and is healthy, having used to be a farm worker.

She lives a routine life and does regular exercise, while her diet

consists mainly of porridge, steamed buns and vegetables, Wang said.

“She likes to watch some TV programs of traditional operas, and we bought her a TV set,” Wang said.

www.swicbt.cn

So by holding lectures, conducting dialogues and screen

ning movies related to the countryside and contributed by guest authors, the region’s local literary legacy can both be re-examined and extended.

Many modern and contemporary works of Chinese literature touch on common rural issues – childhood upbringing, family inheritance and people’s exp

erience of being stuck on the bottom rung of society – that have been rooted in Chinese farming culture for thousands of years.

China’s urbanization has been rapidly progressing to the extent that rural life has become

something unfamiliar to the majority of the population, which is very different from what it was like just three de

cades ago, according to Ge Fei, author and a Chinese literature professor at Tsinghua University in Beijing.

He was rst day of the festival, interpreting what it means to us when rural societies fade away.

qianpadae.com

White paper: US backtracks on its pledgesington’s dema

The United States should take responsibility for the setback in economic and tra

de consultations with China, a government white paper said, warning that “red lines” cannot be crossed.

The US government has backtracked on its commitments three times in the trade negotiations with

China and should bear sole responsibility for the stalled progress, the paper said on Sunday.

The white paper, “China’s Position on the China-US Economic and Trade Consultations”, was

released by the State Council Information Office. It came amid ongoing tension between the world’s two largest economies.

Speaking at a news conference on Sunday, Vice-Minister of Commerce Wang Shouw

en said China is willing to work together with the US to find solutions concerning differences on the eco

nomic and trade fronts, and to reach a mutually beneficial and win-win agreement.

ypidv.cn