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.
quality of forestation, with high technologies employed to save rainwater, improve soil quality and ensure the survival rate of the trees.
A work plan issued by the bureau also put forward specific measures
to enhance efforts in bio-diversity, forest quality, soil quality, education about nature and water-saving.
China’s civil servant law, newly revised in December 2018, took effect Saturday.
The revised law clarifies systems of civil servant promotion and a
ssessment, and includes statutes to improve rewards and benefits such as pension schemes.
It also tightens supervision over civil servants, keeping its statute
s in line with the supervision law and disciplinary rules of the Communist Party of China.
The revised law bans civil servants from working as leaders of industry regulators or administrat
ive departments in charge of supervising businesses run by their spouses, children or in-laws.
technologies that it enables, are harnessed for the benefit of mankind while minimizing the risks to develo
pment, peace and security and human rights,” Guterres said in a congratulatory letter to the expo.
Miao Wei, minister of industry and information technology, said China has already made signif
icant progress in bolstering the big data industry with a string of big data platforms established in sec
tors such as manufacturing, commerce, finance, transportation and medical care.
“We will make a fresh push to integrate cutting-edge information technologies into the real econo
my, including establishing a national industrial data center, to better power the country’s sp
rawling manufacturing sector,” Miao said at the opening ceremony of the big data expo.
According to the ministry, China’s digital economy reached a total volu
me of over 31 trillion yuan ($4.5 trillion), or 34.8 percent of its GDP, in 2018.
“So far, eight nations－Venezuela, Bolivia, Algeria, Egypt, Laos, Myanmar, Thailand and Cambodia－have applied for places for some 20 candidates.”
Cui, meanwhile, said he looks forward to collaborating with his foreign students in the future.
During the ongoing International Horticultural Exhibition 2019 in Beijing’s Yanqing district, reporters fro
m various local and international media outlets can expect 5G technology coverage and floriculture lectures at the media center.
According to Ma Guoying, deputy head of the publicity and planning department of the expo’s coordinat
ion bureau, the media center, which opened on April 27, is fully covered by 5G-the fifth-generation wireless network.
“Reporters can get a 4K high-definition view of the expo through the 5G network,” she said.
Andres Osorio, a Colombian reporter who arrived on the center’s opening day, said it was easy to use.
“I am convinced that some of the students will become our partners in the future. Actuall
y, the former director of the Venezuelan space agency was one of the trainees here at the institute.
“So by teaching them, we are promoting not only spacecraft knowledge, but also China’s space industry standards.”