Boeing may reimburse airlines for 737 MAX grounding

Boeing CEO Dennis Muilenburg said on Wednesday that the aircraft manufacturer

上海千花坊is having “ongoing conversations” with airlines about possible reimbursements following the worldwide grounding of 737 MAX jets.

The airlines haven’t disclosed how much they are seeking from Boeing, but some analysts peg industrywide losses at about $1 billion. In an interview with Axios, Muilenb上海千花坊

urg didn’t say how Boeing would compensate airlines, but it could be cash, a discount on future orders or additional pilot training and services.

Airlines seeking compensation include Air China, China Eastern Airlines, China Southern Airlines, Norwegian Air, Turkish Air, Ryanair, Flydubai and United Airlines.上海千花坊品茶微信

“Reimbursement isn’t a technical problem,” John Cochran, president of Eaglemark, an aviation con

sulting firm and professor emeritus of Aerospace Engineering at Auburn University, told China Daily USA. “It’s a matter of first imp

ression. Some of what Boeing proposes to do may be contractual and it’s certainly sound public relations. Boeing wants to keep its customers happy.”上海千花坊

The 10,000-member pilots union for Southwest Airlines said this month it will ask B

oeing  for compensation to cover legal costs and lost income for pilots due to the 737 MAX grounding.

上海千花坊品茶微信The union hasn’t said how much pilots have lost, but it could be as much as $9 million a month, the Dallas Morning News reported.

Southwest has 34 MAX jets in its fleet. The airline said it plans to resume MAX flights on Sept

2, but the union said “there is no accurate estimate of when the MAX will return to service.”

上海千花坊品茶微信Airlines have used other planes when possible to replace grounded MAX jets, but some flights have been canceled. The airlines appa

rently seek compensation for lost revenue as well as storage and the cost of preparing the MAX to return to c

ommercial service when the US Federal Aviation Administration and other regulators say it’s safe to fly.

Boeing MAX jets were grounded worldwide following crashes March 10 in Ethiopi

a and October 29, 2018, in Indonesia that killed a total of 346 passengers and crew.

Preliminary investigations suggest the aircraft’s Maneuvering Characteristics Augmentation System (MCAS), an automated anti-stall device, apparently fo

rced the noses of Lion Air and Ethiopian Airlines flights down and into a fatal plunge when it erroneously deter

mined the planes were about to stall. To avoid a stall, MCAS points the nose of the plane down to gain air speed.

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In the next few years, the Nanshan park will speed up con

construction of the Tsinghua Shenzhen International Graduate School, SUSTech Institute of Microe

上海419论坛lectronics, Pengcheng Laboratory, Shenzhen Bay Laboratory and Nobel Laureate Laboratory.

The park will also dismantle old factories to add 3.5 million sq meters of floor space for industrial development.

Shenzhen’s first united headquarters building will also be located in the Na

nshan park to house 15 high-tech firms, 12 of which will be listed companies.上海419论坛

The zone’s Pingshan park, occupying 51.6 square kilometers, is the largest among the five parks across the city. It is divided into the

southern and northern areas. The northern area features a new-energy industry headquarters while the sout

上海419论坛hern area, where Shenzhen Technology University is located, is focused on education, intelligent manufacturing and innovative services.

In 2019, the Pingshan park will provide an additional 50,000 sq km of land for industrial development through urban rejuvenation and upgrading old industrial parks.

Shenzhen National High-Tech Zone, inaugurated in 1996, was transformed from Shenzhen Science and Technology Park, which was set up in 1985.

It is China’s second-largest national high-tech zone in terms of area and ranks No 2 in GDP amon上海419论坛

g the 157 national high-tech parks, following Zhongguancun in Beijing, according to the Ministry of Science and Technology.

It yielded 24.4 billion yuan ($3.87 billion) of GDP and 4.3 billion yuan of tax revenue per square kilometer in 2018, the biggest among

all its counterparts in the country. It accounted for 15 percent of the city’s total patent applications and yie

上海419论坛女神会所lded nearly 12 percent of the city’s total industrial output value last year. One-sixth of Shenzhen’s national-level high-tech enterprises are based in the zone

One of Britain’s leading economists said Chinese consumers will be the driving force of future global economic growth.

Jim O’Neill, chair of the international think tank Chatham House and former chief economist at Goldman Sachs, made the remarks in a speech on Wednesday at the c上海419论坛女神会所

elebration of the 70th anniversary of the founding of the People’s Republic of China and the second China-UK Economic and Trade Forum in London.

“What happens to the Chinese consumers is more important to China’s future,” O’Neill said.上海419论坛女神会所

“If China continues with 8 percent nominal GDP growth, which I believe is 5 percent real (GDP growth), and 3 percent pric

es (meaning inflation), and if the Chinese consumers become the 50 percent of that total, the change from the next year to the next decade is so

mewhere between $11 to $12 trillion, which is equivalent to create another China,” he said.

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She also said that 96 percent of Polish companies are

e small and medium-sized enterprises, many of which are family businesses and contribute the greater part of the country’s GDP.

“上海千花网Poland is known worldwide for the q

uality of its food, such as apples and milk, which are already available on the Chinese m

arket. We believe that Chinese consumers will be more open for new tastes of Polish food in the near future,” Skoczek said.

He said the CISMEF is an international event which features the highest level, largest scale and most wid

e-ranging influence in the Asia-Pacific region and specially serves SMEs. Over the past 13 years, 16 countries and international organizations in Asia, Europe, Oceania, America (North上海千花网

America and South America) and Africa have been invited to host the exhibition, with its international influence growing year by year.

The 14th CISMEF will feature South Africa and the United Nations Industrial Development Organization (UNI

DO). With an exhibition area of more than 1,000 square meters, South Africa will appear with more than 70 characteristic enterpris上海千花网女神会所

es in industries such as agriculture, and services, to promote and present distinctive local products, industrial investment environment and cultural customs. UNIDO will set up

a special promotion area in the International Hall to popularize the knowledge of industry, and provide technical support and projects needed by SMEs.上海千花网

Currently, 31 countries, regions and organizations have confirmed their participation and booked 1,028 booths, including South Africa,

UNIDO, Egypt (first time), Malaysia, Thailand, Cambodia, Myanmar, Greece, the UAE, the United Nations Office for South-South Cooperation, Japan, Poland, Sri Lanka, Russia, Sou

th Korea, Vietnam, Bulgaria, Iran, Nigeria, Germany, Indonesia, the USA, Spain, Australia, Qatar, Brazil, New Zealand, Israel, Taiwan, Hong Kong and Macao.

上海千花网女神会所Responding to the national strategy of opening up, the fair will host several international pavilions featuring the Belt and R

oad; China-Africa Cooperation Mechanism and the Guangdong-Hong Kong-Macao Greater Bay Area; Africa pavilion; Central and Eastern Euro

pe pavilion; Middle East pavilion and Hong Kong; and the Macao & Taiwan pavilion will be set up to present distinctive products and 上海千花网女神会所quality services.

A wide range of practical events, such as the second Asia-Europe SME Financing Seminar, SME Cross-border M

atchmaking Seminar and Business Promotion of Overseas Exhibition Groups and Purchase Presentation, will be held conc

urrently to build a capital, technology and intelligence networking platform for Chinese and foreign SMEs.

With 6,000 standard booths and an exhibition area of 150,000 square meters, the 14th CISMEF is hosted by the Ministry of Industry and Info

rmation Technology of the People's Republic of China, the State Administration for Industry & Commerce, the People

's Government of Guangdong Province, the Department of Small Business Development of South Africa and UNIDO.

www.shlf20.cn

Former US treasury上海龙凤1314女神会所lson may hav

ve over-estima上海龙凤1314女神会所ted the impacts of US sanctions on Huawei in his latest Financial Times pi

ece. Because they do not work like a “death sentence” at all with Huawei raking in 5G contracts at home and abroad.

But he made a critically important point in warning that “we now face the very real prospect that an economic iron curtain may descend”.

The US approach that threatens to “Balkanize” technology and “decouple” it from China, as Paulson suggested, risks dividi

ng the global technological and economic landscape, isolating the US itself, and undermining US capabilities for innovation.

His observations deserve a broader audience, especially those whole-heartedly trumpeting an all-round trade war.

But as Paulson also pointed out, what is at stake goes far above and beyond a trade war

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g private capital fo上海会所品茶微信t urged more effo

orts to attract p上海会所品茶微信rivate capital to sustainable infrastructure, and called on multilateral de

velopment banks to contribute more toward improving project preparation and country policy fra

meworks and maintaining supportive conditions by, for instance, providing better information for market players.

Stern said the G20 nations can promote sustainable economic growth and development, reduce poverty and improve living standards across the world.

“But they must move quickly and on scale,” he said. “The climate crisis is real and now; delay will be profoundly dangerous.”

Kevin Gallagher, director of the Global Development Policy Center at Boston University, and Richard Kozul-Wright, director of the Division

on Globalization and Development Strategies at the United Nations Conference on Trade and Development, have appealed t

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ake up a relatively上海419论坛品茶微信of the world’s e

 economy, Coun上海419论坛品茶微信cil of Foreign Relations staff members James McBride and

Andrew Chatzky wrote in a backgrounder published recently on the website of the US think tank.

While some are skeptical about the G20’s usefulness, they said, many

observers point out that its membership is more representative of the current internat

ional balance of power than other blocs formed earlier like the G7, which came into being in 1976.

The G20 initially focused on broad macroeconomic policy, but ha

s expanded its ambit, McBride and Chatzky wrote. Last year’s summit in Argentina focused on f

air and sustainable development, while the previous one in Germany addressed issues including corruption, mon

ey laundering, and international tax havens. At the 2016 summit in China, President Xi Jinping and US President Ba

rack Obama formally announced their countries’ accession to the Paris Agreement on combating climate change.

As part of the preparations for the Osaka G20 summit, the world’s leading think tanks

held a meeting in Tokyo on May 26-27 to work out policy recommendations for the leaders.

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After its 18th National上海品茶微信女神会所ctivities were undert

ertaken to brin上海品茶微信女神会所g the Party closer to the people and officials were urged to maintain discipline and moral integrity.

The Party also required its members to have a solid understanding of the Party’s Constitution,

Party regulations and major policy addresses, as well as to adhere to Party standards of behavior.

All the measures aim to help the CPC curb undesirable practices such as complacency, formality and bureaucracy.

He Yiting, vice-president of the Party School of the CPC Central C

ommittee, said the courage to carry out self-reform is a big advantage of the CPC.

“It is easier to launch a revolution against others than against oneself,” he said.

During the group study session, Xi also urged Party members and le

ading officials to keep studying and improve themselves, strengthen innovation in theo

ry, practice and culture, and enhance political integrity so as to comprehensively improve governance ability.

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Xi attributed the Par上海后花园品茶微信and victories to its

 remaining true上海后花园品茶微信 to its original aspirations and always keeping in mi

nd its missions to pursue happiness for the people and rejuvenate the Chinese nation.

As socialism with Chinese characteristics has entered the new era, Xi warned Party members and leading officials not to lose revoluti

onary spirit and fighting courage, and required them to eternally remain true to the Party’s founding mission.

He highlighted the importance of carrying out self-reform within the Party as some dange

rous problems and risks that possibly undermine the CPC’s long-term governance have surfaced from time to time.

Problems and impediments that could shake the foundation of the Party must be eradicated through thorough self-reform, and Party members should li

sten to the people’s voices and voluntarily accept the oversight of the people, he said.

“To forge iron, one must be strong,” said Xi in his first public address after being elected general secretary of the CPC Cent

ral Committee in November 2012. His words nearly seven years ago spurred the whole Party to carry out self-reform.

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Africa and China shou上海千花坊女神会所qual and peac

aceful developm上海千花坊女神会所ent model, not based on the mentality that one’s gain is anot

her’s loss, he said, adding that they should seek mutual benefit and win-win results.

Cooperation between Africa and China enjoys full vitality, and its strength lies in the abil

ity to take concrete and effective actions, Senegal’s Foreign Minister Amadou Ba said.

Soybean crops in China are expected to exceed 8.6 million hectares this year, makin

g for the fourth year of consecutive growth, the Ministry of Agriculture and Rural Affairs said on Wednesday.

Monitoring by the ministry showed soybean planting during both spring and summer this year ha

s increased across China, with a greater increase in Northeast China, the primary soybean pro

duction area, Pan Wenbo, chief for farming supervision at the ministry, said at a news conference.

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Monday’s collision was 上海乌托邦女神会所h involvg a German

The United Stat上海乌托邦女神会所es on Monday imposed new sanctions on Iran targeting its Supreme Leader Ayatollah Ali Kh

amenei and other senior officials, a move further worsening the already strained Washington-Tehran ties.

US President Donald Trump signed an executive order on Monday at the White House, which he said is “imposin

g hard-hitting sanctions on the supreme leader of Iran and the office of the supreme leader of Iran and many others.”

Trump accused Khamenei of being ultimately “responsible for the hostile conduct of the regime.”

The newly added sanctions will deny Iranian leadership’s access to financial resources, blocking the

m from using the US financial system or accessing any assets in the United States, according to the White House.

US Treasury Secretary Steven Mnuchin revealed in a following press conference on

Monday that the new order will freeze billions of additional dollars in Iranian assets.

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