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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.
f the railroads and pipelines running through the Alataw Pass are the arteries of the boom
上海会所ing crossborder trade, Urumqi, Xinjiang’s capital, is working to position itself as the brain.
That goal has been brought within reach by a smart, real-time monitoring system th
at consolidates freight information and train timetables for the China Railway Express.上海会所品茶微信
The system is located at the Urumqi International Inland Port Area, a railway con
tainer distribution center of 67 square kilometers near the outskirts of the city.
Pointing to a giant screen showing trains in operation on a digital map, Ma Chunlei, an official with上海会所
the port area authority, was unable to hide his pride in the system, which will be officially rolled out in August.
The map is flanked by charts displaying different types of freight, trade volumes for inbound上海会所品茶微信
and outbound goods, and the number of trains currently passing through the region.
上海会所The highlight of the screen, according to Ma, is that it calculates how many cargo cars are empty
and available for reloading during the each train’s journey across the Eurasian continent.
“For example, we can tell that this train from Duisburg is scheduled to arrive in Urumqi in two days and it has 10 empty cars,” he said, circling the number with a laser pointer.上海会所品茶微信
“The capacity of those 10 freight cars could easily be wasted if we did not have access to such information and could not share it with businesses along the route,” he added.
“Thanks to the smart system, businesses in neighboring Kazakhstan can stockpile goods at designated stations (to be loaded) before the train continues on its journey to China.”
Institutes for In上海419论坛品茶微信ternational Studies, said the Xi-Trump meeting will undoubtedly be in the spotlight during the G20 Summit.
Chen said that long-lasting trade friction has led to downside risk for the Chinese economy, and a negative impact also looms over the US economy.
The International Monetary Fund warned earlier this month that US-China tariffs tha
t have been implemented or proposed could cut global economic output by 0.5 percent, or $455 billion, in 2020.
The Xi-Trump meeting will help ease tensions between Beijing and Washington in trade disputes, Zhou said. “You can
‘t expect the meeting to resolve the trade issue, but it will inject impetus into trade talks,” he added.
Stephen Roach, a faculty member at Yale University and a former chairman of Morgan Stanley Asia, said in the Preview Policy
Report for the G20 Osaka Summit that resolution is possible, but it won’t be easy in the current climate.
tions Research Institute, said that against the backdrop of growing globa
l discord, Xi’s visit demonstrates the strategic relationship of the two countries.
During Xi’s visit, the two leaders will attend a series of events commemorating the 70th anniversary of the establishment of bilater
al ties, which will include the official opening ceremony of a panda facility at Moscow Zoo, Zhang said. A pair of gia
nt pandas were delivered to Moscow Zoo in April for research cooperation.
St. Petersburg State University, Putin’s alma mater, will award Xi an h
onorary doctorate during the visit, Zhang said. P
utin was granted the same honor by Tsinghua University, Xi’s alma mater, in April.
both sides have the sincerity to solve the existing problems.
“The purpose decides everything,” Liu said, in English. “China wants a very equal and dignif
ied deal, and under this premise, a good, cooperative deal,” he said. “I hope our US colleagues would understand this.”
Liu said he believed both sides have a strong desire to reach a deal. “We need to work hard tog
ether to surpass the temporary difficult period of time, and then we’ll have a bright future,” he said.
Asked by China Daily how China and the US could help world economic growth, whose p
rospects have been already compromised by the escalation of trade tensions between the two countries, Liu said co
operation serves the interests of the two sides and the whole world, while conflict hurts both.
“We have tremendous common interests and many commo
n foes, only through cooperation could we solve these problems,” Liu said.
tier city, we will expand to neighboring lower-tier cities. For example, we have developed ve
ry well in Xiamen (Fujian province), and based on this we will expand to smaller cities nearby,” he said.
About 70 percent of small-town youths live from paycheck to paycheck, and most of their money goe
s on household items, luxuries, entertainment and travel, according to a report on this age group rec
ently released by the Central Committee of the Communist Youth League of China.
“They also like quality products, good brands and are interested in being trendset
ters,” said Sun Hongyan, a researcher at the China Youth and Children Research Center.
Sun, the main author of the report, said 35.5 percent of small-town youths use mob
ile phones or electronic devices that feature the latest designs from well-known brands.