in the first seven mon 亚博苹果客户端龙凤1314Given the widenin

ing gap between increased spending and the slower expansion of income, some local governments, especially at the co

unty level, are facing fiscal pressure. But the central government will transfer more funds to local go?亚博苹果客户端龙凤1314女神会所

vernments to ensure stable fiscal spending and further implement tax and fee cuts, the ministry said.

?亚博苹果客户端龙凤1314By the end of July, local governments had issued 2.55 trillion yuan in new b

onds for the year, accounting for 82.8 percent of the annual quota of 3.08 trillion yuan.

A quota of 2.15 trillion yuan for local governments’ special bonds-mainly meant to s?亚博苹果客户端龙凤1314

upport infrastructure projects-had been 65 percent used up by the end of July, the Ministry of Finance said.

Market speculation is that there will be additional bond quota space to bolster fiscal spending in coming months. But a seni?亚博苹果客户端龙凤1314女神会所

or official at the Financial Department of the Ministry of Finance said in an interview this week: “It is unlik

?亚博苹果客户端龙凤1314ely that the government will raise the quota for local government bonds, or for the special bonds.”

Local government special bonds are seen as an important measur

e to support infrastructure investment, and they also are not included in local?亚博苹果客户端龙凤1314

budgeted debt. The annual quota was set by the Government Work Report in March.

About 1.55 trillion yuan in local government special bonds had been iss?亚博苹果客户端龙凤1314女神会所

ued in the first half, the Ministry of Finance said. The remaining 600 billion yuan

issuance must be finished by September-a State Council requirement to speed financing for key projects.

China should have an expansionary and much stronger fiscal policy in order to inc?亚博苹果客户端龙凤1314

rease public spending and prevent a further slowing of economic growth, said Yu Yo

ngding, a senior economist at the Chinese Academy of Social Sciences. Yu spoke at a recent forum.

The fiscal deficit ratio, which may surpass the government target of 2.8 per?亚博苹果客户端龙凤1314女神会所

cent of GDP this year, should be compensated by issuing more central government

bonds, said Yu, who also suggested the central bank lower interest rates for the bond issuance.

sxyslm.cn

sitors learn abou亚博苹果客户端龙凤1314品茶微信nd techniques to

In addition to th亚博苹果客户端龙凤1314品茶微信e exhibition, inheritors of intangible cultural heritages for

m Guizhou demonstrated the production process of the traditional handicrafts. Visitors can enjo

y Guizhou’s liquor and tea while admiring the intangible cultural heritage performances.

hinese restaurant Summer Palace at China World Hotel began serving the Peking roast du

ck last week under the guidance of Chef Yuan Chaoying, a culinary expert specializing in Beijing cuisi

ne. The chef is bringing the golden-brown, mouthwatering dish for customers throughout the summer.

“From the Forbidden City to the Temple of Heaven, Beijing has plenty of incredibl

e sights. But one of the city’s greatest attractions, Peking duck, is actually made in the kitchen,” said Ste

phan Kapek, general manager of the hotel. “Summer Palace now has its own version of this iconic dish.”

The activity is part of the 2019 China Tourism Culture Week, which is hosted by the Ministry of Culture and Tourism. It is t

aking place in 34 China Culture Centers and 19 China National Tourist Offices around the world from May to June.

weishow.com.cn

an touches the wind亚博苹果客户端龙凤131 4品茶微信subway train, June

The train is au亚博苹果客户端龙凤131 4品茶微信tomatic driven. With intelligent monitoring and warning system, it can realize on-route fault early warning and initiat

e repair work when needed, compared with planned repair work on traditional subway trains.

The train can run at a speed of up to 140 kilometers per hour, faster than traditional subwa

y train. What’s more, it runs more stably because it uses full active suspension technology for the first time.

Thanks to the new sound-proof materials, the noise within carriages is five decibel lower than traditional carriages.

The train is also adaptable to bad operational environment. It can r

un smoothly in high or low temperatures, on high altitude, small-radius curves and big ramps.

The train is expected to undergo track test in July.

hmijw.cn

These high net worth individuals each possess inve

Meanwhile, 79 percent of the Chinese high net worth individuals polled said they are optimistic about their inves

tment returns for the next six months, while the average number was 62 percent in the North Asian markets.

Despite the fact that the benchmark Shanghai Composite Index sh

ed nearly 24 percent in 2018, 67 percent of Chinese participants said they will increase their inv

estments in the stock market in the next six months, much higher than the 51 percent registered in North Asia on average.

UBS found that cash still makes up about 30 percent of the investmen

t portfolios of Chinese high net worth individuals, which is the lowest among all surveyed Asi

a-Pacific markets, and even lower than the global average of 32 percent. Although China’s number is relatively lo

w, it is comparatively one of the most significant parts of the investment portfolios of high net worth individuals.

www.vnynui.cn

improved markedly. Their population has grown fro

rom about 2 million in the 1950s to about 13 million, and their religious rights and practices are protected by the law.

Nor would it adopt a double standard and criticize China’s efforts to counter terrorism and extremism. Last year, tourists fr

om home and abroad paid more than 150 million trips to Xinjiang, thanks to the improved security situation in

the region. That Xinjiang has not witnessed any violent or terrorist incidents in recent years proves the effect

iveness of the joint efforts of the government and local people in maintaining regional peace and stability.

Xinjiang is undoubtedly in its best development stage in histo

ry. Facts speak louder than words, but still they cannot wake up persons pretending to be asleep.

The targeting of Hikvision is just par for the course for the curren

t US administration, which is obsessed with impeding China’s development.

zzyosj.cn

rvices will be provided based on the results of a sur

China will offer customized data services for disaster prevention throug

h its Fengyun meteorological satellites for more countries along the Belt and Road, said a

senior official of the China Meteorological Administration’s National Satellite Meteorological Center.

The services will be provided based on the results of a survey of 81 countries. By the end

of April, 22 countries, including Afghanistan, Pakistan, Iran, Russia, Libya and Sudan, had responded to the survey.

All of the respondents said they wanted to install the application software platforms

of the Fengyun satellites for weather forecasting, as well as climate and environment monitoring.

They also requested a range of services, especially in monitoring rainf

all, droughts, dust storms, heavy fog and lightning, in addition to training courses on F

engyun meteorological satellite data analysis, remote-sensing applications and data collection.

www.yt178.cn

Balancing growth with structural reformting perform

After a disappointing performance in 2018, China’s economy appears to be stabiliz

ing. In the first quarter of 2019, GDP growth, at 6.4 percent year-on-year, matched that of the previous quarter. But grow

th in industrial production exceeded expectations, expanding by 6.5 percent year-on-year (and by 8.5 percent in Mar

ch). Even exports growth was positive, albeit weak, despite the ongoing trade frictions with the United States.

Moreover, fixed-asset investment (FAI) grew by 6.3 percent-0.2 percentage points higher than in the previous quar

ter. Investment in real estate grew the fastest (11.8 percent), followed by manufacturing (4.6 percent) and in

frastructure (4.4 percent). The growth of investment both in real estate and infrastru

cture was stronger not only sequentially, but also year-on-year. As usual, consumption growth was stable.

www.weishow.com.cn

Chinese firms ideal partners on Belt and Road Initiative

Firms from China and the UK are ideal partners in many countries along t

he Belt and Road Initiative, a China-Britain Business Council official said in Beijing.

“The UK has taken a very positive view on seizing these opportunit

ies for UK businesses, particularly our banks, our large consultancy firms and our infr

astructure companies,” said Jeff Astle, managing director of China operations at the council.

British expertise in areas of financial services, banking, legal services, consulting services around engineering pro

vides a broad range of opportunities for UK firms to collaborate with Chinese firms in other countries, Astle said.

“We benefit from many English legal jurisdictions in many

of these countries, the English language and our businesses have long history and experiences in these coun

tries. That means we are a great ideal partner for Chinese firms in many of these Belt and Road counties,” said Astle.

www.ax148.cn

Well-tuned steps urged for poverty eradicatio

President Xi Jinping underlined on Monday the need to shore up areas of weakness and carry out more targeted pove

rty alleviation efforts in building the country into a moderately prosperous society in all respects.

Xi, also general secretary of the Communist Party of China Central Committee and chair

man of the Central Military Commission, made the remark while presiding over the fourth meeting of t

he Central Committee for Financial and Economic Affairs. Xi is head of the committee.

The meeting stressed the importance of achieving targets for poverty alleviation across the boar

d and focusing efforts on areas of extreme poverty, according to a statement released after the meeting.

It is important to tackle the remaining difficulties faced by people still confronting hard

ships in terms of their access to education, medical care, quality housing and safe drinking water after ens

uring that their basic needs for food and clothing have been met, the statement said.

It added that solving prominent environmental pollution probl

ems must be prioritized to ensure periodical targets can be achieved before 2020.

www.shlfsm.com

denounced May’s “disastrous” handling of Brexit, conde

  mned the Conservative Party’s shift to the right and warned it was in danger of being taken over by extremists.

  Their announcement was timed for maximum impact, dropping just before the weekly s

ession of Prime Minister’s Questions. In a move freighted with symbolism, the three ex-Conservative MPs

joined the eight former Labour lawmakers on the opposition benches in Parliament on Wednesday.

  The move could mark the start of a reshaping of British politics as the clock continues to tick down to March 29, when the U

K is due to leave the European Union. With 37 days to go, Parliament has still not approved a Brexit deal.

  In a joint letter to May, Heidi Allen, Anna Soubry and Sarah Wollaston blamed their departure on the government’s “dismal failure to stand up to

the hard line ERG [European research Group],” whose members advocate a no-deal Brexit. The three lawmakers, who have

been vocal anti-Brexit campaigners, said that Britain’s exit from the EU had “re-defined the Conservative Party — undoing all the efforts to modernize it.”

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