ns limits immediate deterioration in trade relations but offers no indication of breakthro
上海419论坛ughs. Markets abhor uncertainty, and questions swirl around how business will react to unp
redictability over trade, the slowing global economy and Britain’s departure from the European Union.
“In a world where markets are up, the economy is still strong, consumers are spending, you mig上海419论坛
ht imagine you would hear people talking about growth or expansion,” Tom Barkin, president of the F
ederal Reserve Bank in Richmond, told The Wall Street Journal. “What I’m hearing is nervousness.”上海419论坛女神会所
The Fed left interest rates unchanged at its June meeting, but some analysts expect a rate cut when the Federal Open Ma
rket Committee meets July 30-31. However, Goldman Sachs warned that a rate cut could increase expectations for f上海419论坛女神会所
uture easing and this could undermine market stability and become a “channel for political pressure on Fed decisions”.
Trump has called for a rate cut and argued that the current target rate of 2.25 to 2.5 percent constrai上海419论坛
ns the US economy. Analysts at Bank of America warn that the Fed’s willingness to counteract the negative effect of the trade di上海419论坛女神会所
spute on the economy “could encourage an even tougher stance on trade which would trigger even more Fed acco
mmodation, and so on. The end result would be a loss of Fed policy ammunition with an economy that is still soft.”
The US economic recovery, which began in July 2009, is now 10 years old and the longest period of eco
nomic expansion in the nation’s history. Most analysts foresee slower growth ahead, but not a recession.
The Institute for Supply Management (ISM) reported Monday that its index of factory activity nationwide dropped to 51.7 in Jun
e from 52.1 in May, its lowest since October 2016. It was the third consecutive month the index declined. A rea
ding above 50 shows expansion in the manufacturing sector, which represents about 12 percent of the US economy.
The ISM said businesses were concerned about the ongoing US-China trade dispute, especiall
y because it disrupted supply chains and increased uncertainty among manufacturers. However, US factor
ies reported an increase in hiring, including replacement of retirees and adding summer help.
In a written instruction released on Friday, President Xi Jinping called on society to carry fo
rward the spirit and dedication of 95-year-old war hero Zhang Fuqing as China forges ahead in the new era.
Xi is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission.
Zhang, a native of Shaanxi province, behaved courageously in the Liberation War i
n 1948, repeatedly achieving military glory. He retired from active service in 1955.
Over the following decades, he kept his battle achievements a secret, even from his children. His story
was made public at the end of last year, as information about veterans nationwide was being collected by the authorities.
Xi hailed Zhang’s deeds, saying the elderly hero hid them for more than 60 years and stayed true t
o his original aspirations. As a soldier, Zhang defended the country; as a civilian, he works for the people’s well-being, Xi said.
their lawyers, saying they were not aware of Singer’s aims.
The Guos’ attorney, James Spertus, said Singer preyed on Chinese families who were not familiar with
the US education system, and he charged them sums far higher than those he received from his domestic clients.
In China, college admission is based largely on scores attained in the gaokao, the nati
onal college entrance examination, rather than a process involving essays, extracurricular activities and other factors.
Chinese students planning to apply for US colleges usually struggle with the persona
l essay, a critical part of the application process, because the US essay style is hugely different from the Chinese style.
Elizabeth Venturini, owner of Los Angeles admissions consultancy
College Career Results, said: “Unscrupulous college consultants know international stu
dents pay the full tuition price. If they can afford full tuition, they can afford their services.
“To command their high prices, they might promise a wealthy family that their child will
get into a top school by writing their essays, filling out their application, or through other unethical activities.”
that they are supposed to pay for themselves, and they should not embezzle funds for other purposes, it said.
Research projects that require external help should be made public at the university. If there are profits involved between
the research leader and external organizations, they should first sign a contract and submit it to the university, it said.
University administrative staff should not seek profits or advantages in applying for and allocating research funds, the ministry said.
Researchers should be held responsible for misuse of research funds. T
heir research projects will be suspended, their research funds will be recovered and th
ey will be prevented from applying for other projects within a certain period of time, the ministry added.
The management of research funds at Chinese universities is still done the traditional way,
with researchers paying the costs and then submitting a claim for reimbursement. As a result, financial staff
members often face piles of receipts, which are rather difficult to check, leaving room for loopho
accelerating its transition from high-speed growth to high-quality develo
pment, as its economic structure continues to upgrade, and new momentum sustains remarkable growth.
China has adopted a proactive fiscal policy this year with greater intensity and enhanced efficiency, rolling out substa
ntial tax cuts and fee reductions, and its economic growth in the first quarter has gotten off to a good start, Liu said.
The minister said his country will continue to significantly relax ma
rket access, enhance the protection of intellectual property rights, and carry out larg
er-scale tax cuts and fee reductions, so as to create a more attractive investment and business environment.
On the sidelines of the Development Committee meeting, Liu met with David Malpass, the new World Bank president, as scheduled.
ing as well as jointly reward and punishment system building among government depart
ments for high-quality development of cross-border posting and delivery services, Tu said.
In 2018, Chinese express delivery firms handled a record 50.71 billion p
arcels, up 26.6 percent from the previous year. Business revenue expan
ded by 21.8 percent to reach 603.84 billion yuan (about $90 billion).
China’s smartphone shipments fell 4.1 percent year on year in March to 26.94 million units,
data from the China Academy of Information and Communications Technology (CAICT) showed.
Last month, smartphones made up 94.9 percent of all mobile phone shipments in the country, acc
ording to a report from the CAICT, a research institute under the Ministry of Industry and Information Technology.
Despite the mobile phone market shrinking, the drop has been moderated, said the report.
Overall mobile phone shipments went down 6 percent in March, narrowing from the 19.9-percent slump in February to 28.37 million units, among which 95.1