Despite a “global slowd上海419lia’s economy has ma

Despite a “global slowd上海419lia’s economy has ma

aged to stay afloat thanks to a raft of stimulus measures and a surge in Chinese

demand for commodities, a new report by Deloitte Access Economics said on Monday.上海419品茶微信

While Australia has experienced falls in the real estate market, severe drought, stagnant wage gro

上海419wth and weak consumer spending over the past 18 months, strength in its robust resources sector has not waned.

This, combined with record low interest rates and generous tax breaks that were introduced by t上海419

he newly-elected Morrison government should help keep Australia’s economy on track, Deloitte Ac

cess Economics Partner Chris Richardson said in the firm’s latest Business Outlook for the month of June.上海419品茶微信

“Overall global growth looks set to stay in the slow lane through the rest o

f 2019 and through 2020 as well, though the extent of that slowdown looks to be co

上海419ntained as central banks start to boost their assistance to growth, and as government budgets do the same,” he said.

“Remarkably, despite the global slowdown, the world has given Australia a big pay上海419品茶微信

rise, as China’s stimulus means a surge in the demand for and prices of Australian coal and iron ore.”

上海419Although Australia’s inflation levels remain subdued mainly because of low wage growth, Richardson said the cou

ntry’s central bank is now beginning to change direction when it comes to monetary policy.上海419

“For years the Reserve Bank of Australia (RBA) thought full employme

nt meant unemployment of “around 5.0 percent,” but now it thinks unemployment can go a lit上海419

tle under 4.5 percent before wages start to party. Australia can go stronger-for-longer before inflation revs up,” he said.

上海419品茶微信”But getting unemployment under 4.5 percent is more than the RBA can do by itself, so official ra

tes are headed to 0.75 percent or 0.5 percent pretty fast, and things get more complicated after that.”

“We may be in for a phase in which Australia joins much of the world in having interest rates very low for some time. Th上海419品茶微信

at change of tack by the RBA is keeping the Australian dollar under control despite sky-high commodity prices.”

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Following the DPP’s id上海419aking Taiwan an ind

Following the DPP’s id上海419aking Taiwan an ind

ependent entity, the island leader Tsai Ing-wen and other DPP officials have intensified their pro-ind

ependence activities, especially in the fields of education, culture and administration, sinc上海419

e she took office in 2016. In fact, Lai Ching-te, Tsai’s rival in the island’s next leadership election in January 2020, ope

上海419品茶微信nly pitched himself as a worker for “Taiwan independence” before stepping down as the head of the executive body.

To send a clear message against secessionism to the Tsai admini

stration and give a strong warning to separatist forces on the island, the mainland has h上海419

eld military exercises in the Taiwan Straits and sent warplanes and warships around the island.

上海419品茶微信But at the instigation of the US administration, thanks to its acts and resolutions and promise of support, the DPP co

uld try to further push forward its “pro-independence” agenda and cross the red line and worsen the situation ac

ross the Straits. Therefore, the US should review its policy and stop selling dreams to the Taiwan authorities.上海419

The Taiwan Assurance Act of 2019 is a serious violation of the one China principle a

上海419品茶微信nd the three joint communiqués, which the Sino-US relationship is built on. The US’ int

erference in China’s internal affairs will not only endanger one of the world’s most important bilateral ties and jeo

pardize peace and stability in the Asia-Pacific region, but also increase the possibility of the mainland using w上海419

hatever means necessary to realize the final reunification of the island with the motherland.

上海419品茶微信The US has frequently meddled in Taiwan affairs, which has significa

ntly undermined Sino-US ties, creating worries and risks across the Straits.

But since China is committed to safeguarding its sovereignty and territo

rial integrity, and achieving national reunification, the US should not hope to succ上海419品茶微信

eed in its design of splitting the country by leading the island authorities down the garden path.

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One of these has come w上海419ened high-spe

One of these has come w上海419ened high-spe

ed railway that connects Guangdong province, the Guangxi Zhuang autonomous regio

n and Guizhou province. Foshan is the hub for an economic cooperation pilot zone among the上海419女神会所

上海419three regions that was established as a result of their newly enhanced transportation links.

The pilot zone, designed for further integration of the Pearl River Delta region and to answer the need

s of the Belt and Road Initiative, will be a testing ground for innovative policies and new ways of social governance.上海419

It is set to connect the areas from Southwest China to South China with not only high-spe

上海419女神会所ed trains but also a more extensive and efficient network of water, air and land transportation.

Plans for complementary development among the three regions are expected to come into effect soon. Foshan, as well as much of Guangd

ong, has long been one of the country’s leaders in trade and manufacturing, while Guizhou has valuable energy and mineral resources an上海419

d Guangxi is best known as an agricultural base. Smooth leveraging of their strengths and better allocation of th

上海419女神会所eir resources would be in favor of their overall development, according to a government assessment of the pilot zone.

A newly bonded region is also expected to bring industries from develop

ed areas such as Foshan to the less-developed inland areas, and create a continuous ro上海419

ute for travelers to savor a shifting landscape from coasts to forests and deep mountains within a day.

上海419Internet PlusBesides going westward inland, Foshan is also pursuing an “Internet Plus” strategy.

In 2015, Foshan introduced an action plan to establish intelligent manufacturing by 2025. It also launched a plan to上海419女神会所

make the city go “full Internet Plus” last year, in a bid to better connect the players to the market.

Customs clearance has been greatly simplified thanks to the coupled benefits brou上海419女神会所

ght by the Internet and reduced procedures. That simplicity is now taking over many other facets of doing business in the city.

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Radev said that the up上海419ulgaria-China relatio

Radev said that the up上海419ulgaria-China relatio

上海419tions will strengthen the foundation of bilateral ties.Lawyers in Hong Kong joined on Wednesday the

wide condemnation against the violent takeover of the city legislative chambers, saying in a statement that it “had crossed th上海419

e line of freedom of expression and could be deemed a political act with a hidden agenda”.

They called on the legal community to unite and send a clear message that the Hong Kong Spec

ial Administrative Region, a community that upholds the rule of law, will never tolerate violence.上海419女神会所

The statement represented more than 135 members of the legal community, including Maria Tam Waichu, deputy director of the Basic Law Committee of the S

tanding Committee of the National People’s Congress. The statement was read by barrister and lawmaker Priscilla Leung Mei-fun in front of the council’s b上海419

uilding, which was besieged, occupied and defaced by radical protesters on Monday night.

上海419女神会所Leung said radical protesters had attacked the “one country, two systems” principle by their a

ctions after breaking into the legislative complex. Protesters were seen tearing up Basic Law doc

uments, waving the colonial-era Hong Kong flag and defacing the city’s regional emblem after they occupied the chamber.

“That shows they were there with a cause,” Leung said, adding that disturbing上海419女神会所

the public order for political reasons already crossed the bottom line of the Hong Kong community.

The statement also said that the city will never acquiesce to violence and that extremist protesters must receive legal punishment.上海419女神会所

Joining Leung was barrister Kacee Ting Wong, who criticized lawyers of the city’s opposition camp as turning a blind eye to violence. Ting

said they had failed in their responsibility to safeguard and maintain the rule of law of Hong Kong’s legal systems.

Bulgaria would like to play an active role in building the Belt and Road and become a door and hub to connect Europe with Asia, he said.

Bulgaria would like to enhance cooperation with China in such areas as tr

ade, transportation and aviation, and it welcomes Chinese investment, Radev said.

Bulgaria supports multilateralism and the World Trade Organization, and would like to enhance coordination with China, he added.

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Worse, disruptions in pro上海419duction and supply would slo

Worse, disruptions in pro上海419duction and supply would slo

ow the pace of 5G’s commercialization worldwide, including in the US. As a 5G technology leader, Huawei has set up 14 R&D and 36 joint innovation centers a

上海419round the world, joined more than 400 standards organizations, industrial alliances and open source communities.

Also, nearly half of Huawei’s revenue comes from overseas and more than 70 percent of its employees are local recruit上海419

s. And 33 of its 92 core suppliers, as disclosed by Huawei late last year, are US enterprises including chip-making companies Broadcom, Qualcomm, Mi

cron, Intel, Texas Instruments and NVIDIA Corporation, and software vendors Google and Microsoft.上海419

In 2018, Huawei spent $70 billion on procurement of parts, of which $11 billion went to US co

上海419mpanies. So a US technology export ban would not only affect Huawei’s operations but also drag down the US companies’ stocks.

China’s new negative lists, which were shortened to introduce greater opening-up, will take effect on July 30, the country’s top economic regulator said.

Negative lists identify sectors in which foreign participation is restricted. Experts s上海419

aid the shortened lists will help China foster high-quality growth and a better business climate for foreigners.

The National Development and Reform Commission and Ministry of Commerce, released two updated negative lists for t

上海419his year on Sunday. The lists, for nationwide implementation, now comprise 40 detailed regulations for fo

reign investors, down from 48, while the one for free trade zones has 37 listed items, down from 45.

As 3GPP, a standards organization, said, banning Huawei, its most important contributor, from relevant discussions on technology could lead to the organ上海419品茶微信

ization’s breakdown and thus create grave uncertainties for the development of 5G standards.

On the other hand, the change in the attitude of some international organizations including the lawsuit filed by上海419品茶微信

Fed-Ex, which redirected two Huawei parcels to US addresses, against the US Commerce Department reflect the pr

evious US ban on Huawei and other Chinese companies did disrupt normal business cooperation.上海419品茶微信

It’s time the US realized the importance of cooperation with economies such as China, which is home to companies such as Huawei.

The global telecom sector is large enough to accommodate both China an

d the US, especially as each has its own unique advantages, said Ren Zhengfei, the fo

under of Huawei. And only through cooperation can Chinese and US companies sharpen their co

mpetitiveness, build a win-win relationship, and pave the way for a bright future for the global digital economy.

The author is a professor at the School of Public Policy and Management, Tsinghua University, and deputy director of China Institut

e for Science and Technology Policy at Tsinghua University. The views don’t necessarily represent those of China Daily.

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hina is expected上海419品茶微信ral meeting to rei

hina is expected上海419品茶微信ral meeting to rei

iterate its commi上海419品茶微信tment to international cooperation, oppose protectionism and

preserve the stability of the existing international economic order, said Zhou Fangyin, a senior researcher

of international relations at the Guangdong Institute for International Strategies.

Global leaders from economies that represent over 80 percent of the w

orld’s GDP will gather in Osaka later this week to discuss such issues as the global eco

nomy, trade and investment, innovation, the environment, energy and employment.

The summit comes amid growing concerns that trade friction between China and the US threatens global economic growth.

“China strives to expand economic and trade partnerships via multilateral trading platforms or regional economic cooper

ation mechanisms, which, to some degree, help boost confidence in the international community,” Zhou said.

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various fields including manufacturing and agricult

ure and boost上海419品茶微信 growth of the digital economy,” said Wang Zhiqin, head of IMT2020 (5G) Pr

omotion Group, a team established by the ministry to accelerate the development of 5G in China.

“Issuing licenses for China Broadcasting Network Corp, the fou

rth 5G carrier, will help build a next-generation communication network,” Wang added. “Gr

anting four 5G licenses is conducive to fostering rational competition and investment in the market.”

She said the ministry will take key measures to promote 5G applica

tion, strengthen industrial management, better allocate resources, encourage co

mpanies to participate in 5G-network construction and further integrate 5G with vertical industries.

High-speed 5G technology is expected to revolutionize the tech world in the

near future as it will be able to transmit data at least 10 times faster than 4G technology.

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A total of 277,000 vehicles from SAIC Motor were sold

A total of 277,000 vehicles from SAIC Motor were sold

 overseas last year, a year-on-year increase of 62.5 percent, making it the nation’s leadi

ng whole-vehicle exporter for three years in a row,” said Chen Hong, Party secretary and chairman at SAIC Motor.

Anheuser-Busch (AB) InBev, the world’s largest brewer by production volume, will add m

ore premium brands and install solar panels in nine of its Chinese breweries by the end of this year.

In addition to creating diversified product and brand portfolios in China – the comp

any’s second-largest market after the United States – AB InBev plans to further develop a premium segment in Chin

a, which currently accounts for less than one percent of the country’s beer market.

Jan Craps, CEO and president for AB InBev’s Asia-Pacific region, said the company h

as identified premium products as an important growing trend across most consumer goods in China.

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hina to enter world of 5G with commercial licenses

hina to enter world of 5G with commercial licenses

China will soon issue licenses for the commercialization of 5G, as the country has already established a competitive advanta

ge in the superfast wireless technology, the country’s top industry regulator said on Monday.

The Ministry of Industry and Information Technology sa

id 5G is entering a critical period of commercial deployment globally and China’s 5G indu

stry has established a competitive advantage through a combination of innovation and open cooperation.

Many foreign companies, including Nokia, Ericsson, Qualcomm and Intel, have participa

ted in China’s technical 5G tests. These foreign companies have already particiapted in three phases of tests

organized by China to get their 5G products and solutions ready for commercial use in the country.

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flight times available in first – and second-tiercities

flight times available in first – and second-tiercities

are quite tight,” said Li Xiaojin, a professor of aviation economics at the Civil Aviation University of China in Tianjin.

“Instead, by launching new flights at smaller cities, airlines may be able to realize net profits after two to three years of operati

ons. In the beginning stage, there are usually some favorable policies in price and services. In the next few year

s, the flight times available at those smaller airports may become precious, as well,” he said.

Shanghai-based Chinese budget carrier Spring Airlines has establis

hed three strategic bases since 2017. They are the airports in Yangzhou, Jiangsu province, Ningbo, Zhejiang province, and Shantou, Guan

gdong province, in addition to its main hub airports in Shanghai. Without much competition from major State-owned

airlines, Spring has achieved significant room for growth of launching more flights.

In summer and fall flying seasons of last year, about three quarters of Spri

ng’s flights departed from third-tier cities. Spring has a promising prospect, driven by the

growing passenger demand from smaller cities, according to a research report of Changjiang Securities.

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