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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 上海龙凤1314女神会所
vernments to ensure stable fiscal spending and further implement tax and fee cuts, the ministry said.
上海龙凤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 上海龙凤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 上海龙凤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
上海龙凤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 上海龙凤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 上海龙凤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 上海龙凤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 上海龙凤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.
In addition to th上海龙凤1314品茶微信e exhibition, inheritors of intangible cultural heritages for
上海龙凤1314m 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.
上海龙凤1314品茶微信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上海龙凤1314品茶微信
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.”
上海龙凤1314The 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.上海龙凤1314
At a time when the world has reached a critical crossroad with global economic growth foundering, and raging trade frictions and development problems com
ing to the fore, Xi has embarked on a series of overseas trips since the beginning of June to promote multilateralism, free trade and economic gl上海龙凤1314品茶微信
obalization. By so doing, he has sent a clear signal to the world once again that China, as a responsible power, stands by int
ernational rules and is committed to addressing international issues, driving global growth and promoting peace.
However, the road ahead for China is far from smooth, typically fraught with risks.
上海龙凤1314品茶微信And although Trump has allowed US companies to sell components
to Huawei, he did not remove the company from the US’ blacklist. Which suggests the two sid
es need to make greater efforts to narrow the fundamental gaps underlying the Sino-US trade dispute.
But since a comprehensive, enforceable deal could still prove elusive, China will continue to
deepen reform and opening-up to cope with any risks and challenges that emerge in the future
two female Chi上海龙凤1314女神会所nese climbers: Ma Liyamu from the Xinjiang Uygur autonomous region, and Tsang Yin Hung from Hong Kong.
For Ma and Tsang, it was their second ascent to the summit of Mount Qomolangma, as Ma had reached th
e top of the mountain in 2016, and Tsang conquered it in 2017. But for Sun, this was her first such experience.
“What surprised me when I reached the top was the shadow of Mount Qom
olangma on other mountains. It was simply magnificent and stunning and it was a heavenly experience,” she shared.
Growing up, Sun didn’t have any aspirati
ons to climb Mount Qomolangma, but she loved drawing, especially nature and mountain scenes.
Having worked as a designer, she had some mountaineering exp
erience after climbing Mount Manaslu in September last year. Before she came into contact w
ith Ma, it was not in her mind to form an all-female, all-Chinese team to summit the mountain.
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.
aspects,” he said, adding that besides a growth rate withi
n a reasonable range, the economy is likely to register accelerated prog
ress toward higher-quality development this year amid a new round of reform and opening-up.
“Structural opportunities (in the capital market) may con
tinuously emerge from the development of the new economy and mass co
nsumption upgrades, fueling the long-term inflow of international capital,” he said.
IMF Managing Director Christine Lagarde sai
in a recent interview with China Central Television that China’s economic d
evelopment now allows for “a focus on quality growth”, rather than necessarily quantity growth.
“And China’s development is clearly at the stage whe
re it can afford and should afford to do that,” Lagarde said.
Over the past year, amid the escalation of US-China trade tensions, credit tighten
ing took place in China, macroeconomic stress was seen in Argentina a