in the first seven mon 上海龙凤1314Given the widenin

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.

sxyslm.cn

Many young people i上海千花网isunderstood US

 citizens. Even many Americans disagree strongly with US politicians. The v

iolence part of Hong Kong protesters is what an average American would frown upon.上海千花网

There was a “China is not an enemy” open letter to the US president recently in The Wa

上海千花网shington Post by a group from the academic, foreign policy, military and business communities, overwhelmingly from

the US, including a former US ambassador to China and professors from Yale, MIT and Harvard.

The letter reads in part: “US opposition will not prevent the continued expansion of the Chinese economy, a greater global mar上海千花网女神会所

ket share for Chinese companies and an increase in China’s role in world affairs…. We do not believe Beijing is an ec

nomic enemy or an existential national security threat that must be confronted in every sphere.”上海千花网

It is imperative for the protesters to heal the wound now and clearly stay

away from the rioters. Identify the right crowd and recognize one incontrovertible fact-t

hat Hong Kong is part of China. Upholding the “one country, two systems” principle is the first step toward上海千花网女神会所

restoring the rule of law in Hong Kong. Please do not become the ones you hated most. If Hong Kong becomes hell, you are

contributing to it, for, as the open letter mentioned earlier also says, “Efforts to isolate

China will simply weaken those Chinese intent on developing a more humane and tolerant society.”上海千花网

The wrong crowd cannot represent you, and you are the most unique if you avoid the crowd and turn back now.

The auction of a prominent dragon-shaped building in Pangu Plaza in Beijing bega

上海千花网n with a starting price of more than 5.18 billion yuan ($734 million) on Monday.

The auction, organized by the Beijing No 3 Intermediate People’s Court, is fo

r the 44-story No 5 building of the plaza near the National Stadium-also known as the B上海千花网女神会所

ird’s Nest-on the capital’s north-south axis in Chaoyang district. It will end at 10 am on Tuesday.

Since the court put the building-related information on e-commer

ce platform Taobao in July, the auction has been viewed about 120,000 times.上海千花网女神会所

But as of press time, just two people have registered to participate in the bidding.

According to the auction rules disclosed by the court, every participant should pay 1 billion yuan as a security deposit, a

nd the price will increase by 5 million yuan each time another participant joins.

funhorsy.com

show up at HK park to上海419论坛cewds rallupport o

wds rallNearly half a million people gathered at Tamar Park in Hong Kong on Saturday aftern

oon, sending out a loud call for an end to the violence and radicalism that has clouded the city since mid-June.上海419论坛

Braving light rain, 476,000 people demanded an end to all violence and the desecration

上海419论坛女神会所of national flags and emblems, as well as a halt to attacks on police stations and public facilities.

The participants chanted slogans while waving placards, banner

s and the flags of the nation and Hong Kong Special Administrative Region.上海419论坛

The city was fed up with the endless illegal marches, they said.

The rally was held after a tough week for the people of Hong Kong, with the city’s aviatio上海419论坛

n hub — Hong Kong International Airport — forced to cancel about 1,000 flights on Monday and Tuesday. In additi

on, a mainland tourist and reporter were assaulted by black-clad radicals at the airport on Tuesday night.上海419论坛

“Hong Kong was built up by Chinese people, not the British. And the young people here are throwing all of that away. I’m

上海419论坛女神会所disgusted by it,” said Erich Beck, a retired Australian who has lived in Hong Kong for 28 years.

Beck believes overseas elements are at play in the recent violent protests that have rocke

d the city, with the intent to “poison Hong Kong” in order to hurt China. He joined hundreds of thousands o上海419论坛

f local residents in an anti-violence rally on Hong Kong Island on Saturday afternoon.

Beck called on the city’s young people to think rationally about their behavior.

“How are you going to make the city better if it has all been thrown away?” he said.上海419论坛女神会所

The rally started at 5 pm, when people from all walks of l

ife took the stage to share their thoughts and common wishes. They incl

uded people from the education and legal sectors, the entertainment industry and the business sector.

www.shidaikangfuyiyuan.cn

Du Zhixiong, a resear上海会所ural Development

t Institute at the Chinese Academy of Social Sciences, said China

‘s agricultural sector was plagued by inefficient production practices for上海会所品茶微信

many years, while annual output was highly susceptible to changes in climate.

For example, from 1959 to 1961 large parts of the country experienced a severe drought.上海会所

In 1961, the arid conditions reduced the total crop yield by 61 million metric tons, a 30 percent fall from 1958.

Since the early 1980s, the central leadership has attached great significan

上海会所ce to agricultural innovation. In 2015, investment in scientific and technological research reached 55 billion yu

an ($7.8 billion at today’s rates), compared with 720 million yuan in 1978, Du said.

According to the ministry, more than 96 percent of fields dedicated to the cultivation上海会所品茶微信

of major crops, including rice, corn and wheat, are sown with high-yield, resilient species.

上海会所A number of crop-breeding platforms that employ scientifically proven approaches-such as the use of “dwarf-st

erile” wheat, the “super rice” system and hybrid corn breeding-have been established to fast-t

rack improvements in edible crops and ensure the food supply is reliable and safe in the long term.

The wide application of modern farming techniques ha上海会所品茶微信

s also helped farmers to raise yields and reduce damage to the environment.

At present, environmentally friendly methods are used to prevent and control pests on 56.7 mill

ion hectares under cultivation, accounting for 15 percent of the total area affected by such pests.

上海会所Meanwhile, smarter use of pesticides in demonstra

tion areas has reduced the use of chemicals by 20 to 30 percent, the ministry said.

The use of fertilizers has been further contained as a result of a nationwide campaign l上海会所品茶微信

aunched in 2005. It aims to tailor the use of synthesized fertilizers to suit local soil conditions

and improve awareness of the scientific management of fertilizers among farmers.

www.wjdynjl.cn

n reference to the rec上海夜生活 on Hong Kong poli

ce and the blockade of Hong Kong International Airport by some radical demonstra

tors, Abdulaziz Alshaabani, a Saudi Arabian expert on Chinese affairs, said such radical acts seriously unde上海夜生活

rmined the rule of law, hindered economic development and harmed the interests of Hong Kong’s people.

If the violence further escalates, Hong Kong’s prosperity and stability will suffer a severe blo

上海夜生活品茶微信w, undermining its well-deserved international image and status, the Saudi expert said.

Wilson Lee Flores, a columnist at The Philippine Star, said the continued chaos in Hong Kong, apparently created by an

ti-government protesters and encouraged by foreign influences, must be quickly stopped.上海夜生活

Strong measures should be taken as the chaos is not only bad for Hong Kong’s economy and tourism, but also disad

vantageous for the prosperity of the East Asian region as Hong Kong is an important financial and trade center, he said.上海夜生活品茶微信

China’s Mission to the European Union said on Wednesday that

what is happening in Hong Kong is now devolving into extreme violence.

上海夜生活It said in an online statement that any attempt to lump together the

rigorously lawful exercise of duties by Hong Kong police with the extreme and violent offe

nses by radicals is absolutely misleading and incorrect, and China is firmly opposed to such attempts.上海夜生活品茶微信

China’s diplomatic mission in Geneva also lashed out at the United Nati

ons human rights office on Wednesday, accusing its spokesman of making a “wro

上海夜生活ngful statement” about protests in Hong Kong that “sends the wrong signal to the violent criminal offenders”.

The Office of the Commissioner of the Foreign Ministry in the HKSAR said on Wednesday that the words and deeds of som上海夜生活品茶微信

e lawmakers from the United States have shown them to be the “black hands” behind the violent radicals in Hong Kong, ref

erring to a comment from US legislators including House Speaker Nancy Pelosi.

renrencanzheng.org

Hong Kong radicals’ at上海419论坛w signs of terrorism’

The Liaison Office of the Central People’s Government in the Hong Kong Special Administ

rative Region on Monday “strongly condemned” the violent acts by a small group of lawbreakers, after a polic上海419论坛女神会所

e officer was injured by homemade petrol bombs thrown by radical protesters on Sunday night.

The condemnation came after many civic leaders also expressed concerns over the appalli

上海419论坛ng acts by the radicals during multiple illegal protests at different locations of the city during the weekend.

During the violent clashes on Sunday, some rioters attacked the police stations wi

th highly fatal and destructive weapons, including launched petrol bombs.上海419论坛女神会所

An on-duty police officer sustained burns on both legs after being hit by a petrol bomb in Tsim Sha Tsui.

“There is no place in the world that would tolerate such atrocious violent acts. Hong Ko上海419论坛

ng will slide into an abyss, if such acts of terror were allowed,” the office said in a statement.

The most urgent, common aspiration of the public is to end violence and restore peace and order, the liaison office stressed.

上海419论坛女神会所Thus, it called on the Hong Kong society to firmly support the SAR go

vernment and the police force to bring all violent lawbreakers to justice.

Hong Kong police have exercised restraint and professionalism w

hen handling the violent and illegal protests that be上海419论坛gan in mid-June, the office said.

To date, a total of 12 police officers have been injured by laser beams poi

nted at them deliberately by radicals using laser pens, according to the department. So

上海419论坛女神会所far, about 700 people have been arrested in relation to illegal protests since mid-June.

The office expressed sympathy to injured officers and extended gratitude to the police force and their families.

9402267.org.cn

The current joint operat上海夜网t the first of its kind

 for Herbert Smith Freehills. The London-headquartered law firm has also been work

ing with Hiswara Bunjamin and Tandjung in Indonesia in a similar fashion for the last 15 years.上海夜网女神会所

Gavin Guo, international partner of Kewei, said that they had submitted an application for the joint operation to the Shang

上海夜网hai Municipal Bureau of Justice earlier this year and it took them three months to get the green light.

According to Guo, the joint operation of law firms is different from a joint ven

ture and does not include equity options. The two law firms are still independent e上海夜网女神会所

ntities but share administrative resources and provide one-stop legal services to clients.

Such joint operation models are attractive for multinational companies with operat上海夜网

ions in China and outbound Chinese companies, said Guo. Before this, companies need to go to a foreign la

上海夜网女神会所w firm and a Chinese law firm separately for legal services. This can be avoided as communication with both the l

aw firms can be completed in the same office and will incur only a single charge, he said.上海夜网

“Given the current global economic and political uncertainties and trade friction, governments are tightening their scru

上海夜网tiny and regulation in areas like foreign direct investment. The joint operation model will play a big role in te

rms of transaction habits, disputes resolution and even company strategies,” he said.

The first joint operation was set up by the Chicago-headquartered Baker McKenzie and Beijing Fenxun Partners in April 201上海夜网女神会所

5. In an action plan rolled out in April 2018, the Shanghai Municipal Bureau of Justice said it will study the possibility of pro

moting the joint operation model to the rest of the city to further improve the business environment.上海夜网

Domestic enterprises accelerate pace of innovation amid friction between China, US

The structure of China’s foreign trade will continue to improve with more flexibility in the second half of this year du上海夜网女神会所

e to its institutional, industrial and market advantages, officials and experts said on Thursday.

Li Kuiwen, a spokesman for the General Administration of Customs’ Department of Statis上海夜网

tics, said China has not only increased its market share with major economies such as the European Union th

is year, but its trade volume with emerging markets has also notably surged.上海夜网女神会所

Li’s remark came after the administration announced earlier on Thursday that China’s foreign trade grew 4.2 p

ercent year-on-year in the first seven months of the year to 17.41 trillion yuan ($2.47 trillion).

www.qiuLuhuang.cn

fugitives on class-A wa上海后花园e detainedA total of

of the 50 fugitives suspected of major crimes who are on a class-A wanted notice is

sued by China’s Ministry of Public Security have been detained, the ministry announced Thursday.

Of the 23 detainees, two are suspected of intentional homicide, eight are suspected of gan

g-related and organized crimes, seven are suspected of telecom and online fraud

and five are suspected of other major crimes of fraud, the ministry said at a press conference.上海后花园女神会所

Since the class-A wanted notice was issued on July 24, public security authorities

上海后花园nationwide have taken the highest-level measures of investigation and surveilla

nce on the 50 fugitives, said Jiang Guoli, deputy head of the criminal investigation bureau under the ministry.

He said seven of the fugitives voluntarily turned themselves in to the authorities under the pressure of the law and policies.上海后花园

Two fugitives were arrested by police with the help of tip-offs and thos

上海后花园女神会所e who offered tip-offs will be awarded 200,000 yuan ($28,400), Jiang noted.

The public security authorities are verifying a large number of clues about the fugitives provided by the public, he said.

Jiang stressed that the authorities and the people have the determination and ca上海后花园女神会所

pability to arrest the rest of the fugitives and urged them to surrender for leniency.

Shanghai unveiled a list of cultural activities and tour routes to boost its nighttime economy on Aug 8.上海后花园

A total of 105 scenic spots, art galleries, museums and memorials across the city have taken special me

asures to meet the growing demand for nighttime leisure from both Shanghai residents and to上海后花园女神会所

urists from around the world, according to the municipal culture and tourism bureau.

gzbbccc.com

Police will strictly enforc上海419ng Kong Special Admi

ministrative Region (HKSAR) government and police have condemned illegal assemblies by protesters in Ko

上海419品茶微信wloon and the New Territories and said that police will strictly enforce the law against all violent and illegal acts.

The HKSAR said on Saturday that protesters who breach the law should be brought to justice, while the police reiter上海419

ated on early Sunday that anyone participating in an unauthorized assembly will be committing an offence.

A large group of protesters gathered in Tai Po on Friday although their request of such an event had been turned down by the police.

上海419品茶微信They damaged public properties and blocked thoroughfares including the K

owloon entrance of the Cross-Harbor Tunnel, and they also set fires in various places.

According to the police, some protesters aimed laser beams at police officers and some even hurled objects and stones at police officers.

After repeated warnin上海419gs, the police dispersed the protesters, sometime using tear gas when necessary.

During the operation, HKSAR police arrested 16 people for unlawful assembly, possession of offe

上海419nsive weapon, assaulting a police officer and obstructing a police officer in the execution of duties.

The International Monetary Fund (IMF) said in a report on Friday that the yuan’s exchange r

ate was “broadly in line with medium-term fundamentals” and China’s central bank “has had little foreign exch上海419品茶微信

ange interventions in recent years”, a conclusion that clarifies China’s innocence from currency manipulation.

The IMF said that the country’s external position in 2018 was “broadly in li

上海419ne with the level consistent with medium-term fundamentals and desirable policies”.

The organization also welcomed China’s efforts to reform its exchange rate regime to make the yuan more fle

xible, according to its report released after its latest Article IV consultation with China that concluded on July 31.上海419品茶微信

The clarification by the IMF indicates that the US Treasury’s reckless claim on Mon

day of China engaging in currency manipulation is nothing but unfounded finger-pointing.

www.aishedesaf.com

IMF report proves 上海419t manipulating currency

The latest report by International Monetary Fund (IMF) conclude

上海419d that the exchange rate of the Chinese yuan was “broadly in line with medium-term f

undamentals”, and the Chinese monetary authority barely intervened in the foreign exchange market.上海419

The report, released late Friday in Washington, was a blow to the lab

eling of China as “a currency manipulator” by the US administration, experts said.

The value of the Chinese currency and the country’s external position i

上海419品茶微信n 2018 were “broadly in line with the level consistent with medium-term fun

damentals and desirable policies,” the report said, citing that China’s current account surplus fell by around 1 pe

rcentage point to 0.4 percent of GDP in 2018 and is projected to remain contained at 0.5 percent of GDP in 2019.

Estimates showed that the People’s Bank of China, the country’s central ban上海419

k, has had “little FX intervention”, said the report, which is based on IMF’s latest Ar

ticle IV consultation with China, a review of the Chinese economy that concluded on July 31.

上海419品茶微信The IMF’s conclusion came in just four days after the US Treasury officially la

beled China as a “currency manipulator” on Monday. The Chinese yuan

weakened to beyond 7 per dollar for the first time in more than a decade earlier this week.上海419

“The IMF conclusion is objective and reflected that the renminbi was assessed to be broadly

in line with medium-term fundamentals. The result kept pace with what it said in July,” said Zhang Xiaohui, a s

上海419品茶微信enior researcher of the China Finance 40 Forum (CF40), and former assistant governor of the PBOC.

What the IMF concluded is a just decision, reflecting that the US labeling simply doesn’t hold water, according to Yu Yo

ngding, a senior economist at the Chinese Academy of Social Sciences and a consultant of CF40.

www.7893391.cn