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China launches first ro上海乌托邦ace from platform a

hina carried out the country’s first seaborne space launch on Wednesday, from a platf

orm in its territorial waters in the Yellow Sea, opening a new chapter in its space industry.上海乌托邦女神会所

A Long March 11 solid-propellant carrier rocket blasted off at 12:06 pm fr

上海乌托邦om a mobile launch platform — a modified submersible craft — in the Yellow Sea off the e

astern province of Shandong and then sent seven satellites into orbit about 600 kilometers above the Earth.

The mission — the first seaborne space launch in the world in five years — showcased China’s mastery of上海乌托邦

the technologies and capabilities required for

上海乌托邦女神会所such operations and indicates the country has found an alternative to its ground-based launch centers.

China is striving to expand its launch service portfolio and promote its carrier roc

kets to more countries, especially those wishing to have their own affordable satellite networks.上海乌托邦

A government draft released Friday said that children under six years old can take public transpor

t for free and those aged between six and 14 can avail of half-price tickets when presenting valid ID cards.

上海乌托邦The draft was jointly released by the Ministry of Transport and Na女神会所

tional Development and Reform Commission and is now open for public comments.

Height rather than age is the current determinant for deciding who can avail of cut-price or free tickets.上海乌托邦

Children whose height is below 120 centimeters can get fre

e tickets, while those between 120 and 150 centimeters can buy children’s tickets.

上海乌托邦女神会所Children taller than 150 centimeters are required to buy adult tickets under current policy.

As youngsters now tend to grows taller than their age, the current st

andards are believed to be unfair and there have been calls for overhauling the policy.上海乌托邦女神会所

The draft also highlighted that children who get free tickets should take up no more than 10 percent of buses’ passenger capacity.

The new policy will not be applicable to buses with nine seats or fewer

shadoujiazu.com.cn

Fujian boosting busine上海乌托邦arving from Putia

Fujian province’s ecological and business environment is boosting the conf

idence of foreign investors, who plan to invest more money, international business execut上海乌托邦

ives and diplomats said at a symposium hosted by the Ministry of Foreign Affairs in Beijing on Friday.

上海乌托邦品茶微信Fujian is working to build an eco-province and has greatly improved its business enviro

nment, State Councilor and Foreign Minister Wang Yi said on Friday at the event promoting Fujian in Beijing.

Through May in 2019, the province saw a steady rise in investment and foreign trade-with exports up by 10.9 percent year-上海乌托邦品茶微信

on-year, 5 percentage points above the national average-provincial Vice-Governor Guo Ningning said.

Fujian has been working hard to create an increasingly pro-business environm上海乌托邦

ent, including reforms to speed project approvals and deepen tax and fee cuts, Governor Tang Dengjie said.

ABB, a digital technology company based in Switzerland, has invested 2 billion yuan ($290.7 million) to build a business hub.

上海乌托邦品茶微信”It is ABB’s largest and most advanced R&D and manufacturing si

te globally,” said Lars Eckerlein, ABB Group’s CFO for Asia, Middle East and Africa.

Indonesia’s Ambassador to China Djauhari Oratmangun said business and investment上海乌托邦品茶微信

from Indonesia has added to Fujian’s digital economy, and said he expects to see more cooperation.

Fujian’s digital economy hit 1.4 trillion yuan in 2018. Its growth上海乌托邦

rate of 22 percent was second in China, the provincial government said.

Fujian has also worked to build an ecologically friendly province.上海乌托邦品茶微信

“A sound ecosystem is a core competitive strength that underp

ins its development,” said Yu Weiguo, secretary of the Fujian Provincial Committee of the Co

mmunist Party of China. He noted Fujian’s high ranking in air and water quality and forestry coverage.

ourside.cn

Expectation of Fed ra上海乌托邦s an over-reaction

Herd instinct is the human nature to follow the crowd and act collectively – and market expectation always does not change smoothly but t

上海乌托邦ends to over-react to new information. The current market expectation of the US Federal Reserve’s rate cuts is a case in point.

On June 20, the latest meeting of the Fed’s policy-setting Federal Open Market Committee shrugged off the market’s high expectation of rate cuts and gave no clear policy signal confirming a cut.

We believe the market had overreacted in forming its expectation of rate cuts after the Fed swiftly adopted a dovish tone from the end of last上海乌托邦

year. Specifically, we believe market expectation – it has formed since May – of a change in policy stance, as well as the timing and degree of rate cuts, may not fully materialize.

We will elaborate on this now. It should be noted the misconceived expectation of Fed rate cuts could ind上海乌托邦

uce a drastic reversal in investor sentiment and asset price fluctuations, if the Fed’s moves miss expectation.

Firstly, the market may have overestimated the degree of the Fed’s policy stance change. A clear rate cut signal may not emerge until the end of this month.上海乌托邦

According to Bloomberg, the Fed funds futures market has recently priced in a 98.5-percent chance that the Fed will lower rates at least once this year.

上海乌托邦品茶微信However, the Fed’s earlier forward guidance only indicated the end of monetary policy n

ormalization, which does not necessarily point to the beginning of a rate cut cycle. Also, the Fed h

as removed the word “patient” from the latest FOMC meeting statement but did not confirm a rate-cut stance.

We believe that because of the following two reasons, the Fed is still on cautious lookout, and t

here will not be any clear rate cut signal or plan until the next FOMC meeting at the end of this month.上海乌托邦品茶微信

Externally, the Fed is expected to stand pat until trade dispute uncertainties ease, to give itself an advantage in its game with the US Administration.

The Fed would put itself in an unfavorable position if it initiated a rate cut before majo上海乌托邦品茶微信

r uncertainties over the China-US trade dispute are removed, because the pre-emptive move may enc

ourage the US Administration to escalate the trade dispute, which will in turn pose a dilemma to the Fed.

That’s because any escalation in trade tensions will, on the one hand, d

ssipate and even offset the easing boost from rate cuts and force the Fed to accelerate the上海乌托邦品茶微信

rate cut pace. On the other hand, the escalation could further fuel imported inflation, which will significantly reduce the

Fed’s room for rate cuts. The Fed will then face a policy-making dilemma of whether to further cut rates.

www.shejio.org

Second, all parties should strengthen cooperation and push

h for denuclearization with one voice.Third, the Northeast Asian countries, while

上海乌托邦handling disputes between each other, should be willing to make some compromises. All nations s

hould learn to meet each other halfway to resolve conflicts, including territorial disputes.

Fourth, the Northeast Asian countries should accelerate development of free trade zo上海乌托邦

nes. The future of Northeast Asia hinges on the integration of the nations in the region.

Last, the BRI should be a cohesive and driving force for a close-knit Northeast Asia. The

上海乌托邦女神会所initiative, aligned with the development agendas of individual nations, will spur integration and cement c

rossborder cooperation in the region.nghai denizens walk past the skyscrapers of the city’s Lujiazui fina上海乌托邦

While the integrated development of the Yangtze River Delta region has p

rogressed steadily ever since it was elevated to a national strategy in 2018, fina

ncial institutions have been evaluating the potential in this land for future growth.上海乌托邦女神会所

Ma Chunlei, director of Yangtze River Delta Regional Cooperation Office, said at the Lujiazui Forum in Shanghai in Jun

e that the provinces and the municipality included in the strategy-Jiangsu, Z

上海乌托邦女神会所hejiang, Anhui and Shanghai-will release their respective detailed action plans by the middle of this month latest.

Some 320 key projects will be carried out in the next three years to lay a

better groundwork for the integrated development of the delta region, said Ma.

These will include connecting dead-end roads and proliferating the use of QR codes at major subway stations in the area.上海乌托邦女神会所

Bank of Communications see one-third of its 10 trillion yuan ($1.45 trillion) a

ssets coming from the Yangtze River Delta region, said the bank’s vice-chairman Re

n Deqi. He further said the bank was advancing innovation in its financial management mechanisms.

www.21nh.cn

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.

pineapplehouse.cn

After about 20 上海乌托邦女神会所, there was an aerial collisio

n between two E上海乌托邦女神会所urofighters, with fatal consequences,” she said.

The third pilot saw two parachutes descending to the ground, indicating pilot ejection mecha

nisms were triggered after the crash in Germany’s Mecklenburg Western Pomerania state, the defense minister reported.

“One pilot was recovered alive, but the second pilot was dead

when he was found,” said von der Leyen. “We share in the grief of the relatives.”

Eyewitness videos showed the burning planes falling from the sky and later, two plumes of smoke rising from the ground.

Firefighters were deployed to extinguish fires from the wr

eckage. Police warned the public not to approach potentially dangerous debris at the site.

The Eurofighter Typhoon was jointly developed by Britain, G

ermany, Italy and Spain. More than 550 of the jets have been delivered since 2003, at a cost of close to $

www.pineapplehouse.cn

n an unusual move上海乌托邦女神会所s sends a stron

ng signal to busin上海乌托邦女神会所esses, 24 of the EU leaders chose instead to reflect supp

ort for the mid-century goal as a footnote in their final statement:

“For a large majority of member states, climate neutrality must be achieved by 2050.”

Time is running out

Since French President Emmanuel Macron in March launched the

push for the EU to absorb as much as it emits by 2050, along with three other nations, supp

ort had snowballed, showing the growing political prominence of the fight against global warming.

Addressing the holdouts during the summit, German Chancellor A

ngela Merkel pointed to months of climate protests by youths that helped propel Gre

en parties to their strongest showing yet in May’s European Parliament elections.

shuyin-edu.cn

The two countries上海乌托邦品茶微信n for a brig

ght future of bila上海乌托邦品茶微信teral ties and reached a streak of major consensuses, Xi sa

id, adding that the two sides agreed that China and the DPRK need to unswervingly pass down their tra

ditional friendship from generation to generation and continue writing new chapters of the times.

Beijing and Pyongyang also agreed that a political settlement of the nuclear issue in the Korean Peninsula is a popular aspiration

and an inevitable trend, and that they need to continue to stick to peace talks so as to make even greater co

ntributions to peace, stability and prosperity in the region and the wider world, Xi said.

Kim said that in their joint socialist construction endeavor, the DPRK and China have alrea

dy formed a tradition of sharing weal and woe as well as supporting each other and cooperating.

The two leaders affirmed the socialist system as the core of mainta

ning the DPRK-China friendship during their four meetings in the past year, Kim said.

www.qhfaaa.com

i said he wants to use t上海乌托邦女神会所 along with K

Kim and other com上海乌托邦女神会所rades from the DPRK to map out plans for bilateral coope

ration, writing a new chapter in the traditional friendship between the two countries.

Xi added that he and Kim are confident about and capable of bringing bil

ateral ties to a stage of new development in the new era to deliver more benefits to the peo

ple from both countries and promote peace, stability and prosperity in the region and the world.

Editor’s Note: President Xi Jinping will pay a two-day visit to the De

mocratic People’s Republic of Korea from Thursday. How should we evaluate the sign

ificance of the visit? Two experts share their views with China Daily’s Pan Yixuan. Excerpts follow:

DPRK not bargaining chip in talks with US

Some argue that China wants to play the “DPRK card” at President Xi’s e

xpected meeting with US President Donald Trump on the sidelines of the G20 su

mmit scheduled for June 28-29 in Japan. Their argument could not be more wrong.

www.lgcrm.cn

Students to be vital cogs in travel sectordents born betwe

College students born between 1995 and 2000 are becoming a vital new part of the dynamic travel market in China, with most of th

e young students making their first summer trips after enrolling in colleges, a new study said.

Though the motivation for making tours is relatively high among college students, their choices are

limited due to economic constraints with price being the major criteria for booking flight tickets, said the stud

y conducted by Qunar, an online travel firm owned by Ctrip, China’s largest online travel agency.

During summer vacations, students tend to choose flights that depart b

tween midnight and 2 am, as well as between 5 am and 9 am. The number of bookings of red-e

ye and budget flights is nearly three times higher than other regular flights, the Qunar study said.

sjhtjn.cn