The central bank annou上海千花网sures to reform the

e interest rate regime on Saturday. It decided to use the loan prime rate (LPR), the price of loans banks offer to their best cli

ents, as a new reference for bank loans, instead of the existing one-year benchmark lending rate.上海千花网

The new LPR was reported for the first time on Tuesday at 4.25 percent for one-year loans, low

上海千花网女神会所er than the 4.35 percent one-year benchmark lending rate which has been unchanged since August 2015. The LP

R for five-year loans was at 4.85 percent, according to the National Interbank Funding Center.

Many analysts have seen the new measure as an alternativ上海千花网女神会所

e way of cutting overall interest rates. In response, central bank officials said the reform itself

cannot replace the monetary policy or other policies, but it can improve the effectiveness of monetary policy.

Sun Guofeng, head of the central bank’s Monetary Policy Department, said the market-oriented inte上海千花网女神会所

rest rate reform will not have a direct impact on the renminbi exchange rate. “The market rates are directly

上海千花网related to the exchange rate, but this reform is not involved with changes of market rates.”

He said the current interest rate spread between China and the United States “is within a comfortable zone”.

While many developed countries use monetary easing to spur econ上海千花网女神会所

omic growth, China is the only country among major economies to retain a normal mone

上海千花网tary policy, and the valuation of yuan-denominated assets is still at a relatively lower level. All of these factors can hel

p to maintain the renminbi exchange rate at a stable and adaptive level, Sun added.

Even under the new scheme, the interest rate level for mortgage loans will not decline, as the government will not ease the rea上海千花网女神会所

l estate control policy nor use real estate as a tool to stimulate short-term economic growth, said

Liu, who disclosed that the interest rate policy for personal mortgages will be revealed in several days.

www.ltdlc.cn

During an excavatio上海千花网 wooden slip was une

earthed from a well at a 2,200-year-old relic site in the mountainous

Liye town, Longshan county, Hunan province. The front and back of the slip contain the fo上海千花网女神会所

rmula in Chinese characters, which is believed to be the earliest and most complete such model in the country.

The slip was among some 38,000 bamboo and wooden pieces found in the well and d

上海千花网ates to the Qin Dynasty (221-206 BC), China’s first unified empire that was powerful but short-lived.

The discovery of these slips, as well as other excavations at the Liye relic site, is deemed on

e of the most important archaeological findings in China since the beginning of the 21st century上海千花网女神会所

It is not only because the Liye slips were 10 times the total number of Qin slips discovered in other parts of China before, but also be

cause the Liye slips bear more than 200,000 characters, documenting the political, economic and social aspects of Liy

上海千花网e life, a riverside military fortress during Qin rule. The relics are helping historians to understand more about the dyn

asty’s bureaucracy and economic systems, as written records about Qin were previously unclear.

After years of decoding and interpreting the information on the slips, researchers from Hunan are n上海千花网女神会所

ow sharing some of their findings about the Qin era with a display of some 175 slips at A Tale of A S

mall Town, an exhibition at the National Museum of China in Beijing that runs through Sept 6.上海千花网

These objects are from the collections of the Hunan Provincial Institute of Archaeology in Changsha and the Liye Qi

n Slips Museum near the relic site. Bamboo and wooden slips were the primary上海千花网女神会所

media for texts before paper was invented by Cai Lun, an official of the Eastern Han Dynasty (25-220).

Pieces from the collection of Liye slips, which have been cleaned, date from 222 BC to 20上海千花网

8 BC, unfolding a panoramic view of administrative management at the prefecture level then, as well as ep

itomizing the area’s social life. It is through these tiny slips and glimpses of a small t上海千花网女神会所

own’s past that people today are able to get a bigger picture of the rise and fall of Qin rulers.

Archaeologists and historians view the significance of the Liye slips rivalin

g that of the discovery of Qin’s Terracotta Warriors in Xi’an, Shaanxi province, in 1974.

www.gdpyhr.cn

At the end of 上海千花网e number of telephone user

ers was 1.75 billion, ranking top of the world. The number of mobile internet users (3G and

4G) doubled to 1.31 billion in 2018 from 580 million in 2014, an average increase of 22.4 percent year-on-year. 上海千花网品茶微信

Internet consumption unlocked residents’ consumption potential. By the end of 2018, the number of internet users inv

olved in online shopping reached 610 million, accounting for 73.6 percent of all internet users.

 上海千花网China’s express business has remained the top of the world after it surpassed the US in 2014. At t

he end of 2018, the number of express delivery rocketed to 50.7 billion from 1.53 million in 1988.

Kong Chief Executive Carrie Lam Cheng Yuet-ngor warned on Tuesday that escala

ting violence is pushing the special administrative region into an “abyss of destruction”. 上海千花网品茶微信

She appealed to the public to calm down, set aside differences on political issues and reject violence.

Meeting reporters ahead of the Executive Council, Lam appealed to the public, in a voice trembling with emotion, to pause and think.

“The top priority now is to oppose violence and safeguard the rule of law,” she said. “Rational discussions will start afte 上海千花网品茶微信

r the city’s law and order is restored. And that’s when we can mend what has been torn apart.”

Lam said developments over the past week validated her concerns that Hong Kong was in a dangerous situation. She re

minded people that Hong Kong had been ripped apart by violent protests that started on 上海千花网品茶微信

June 9, which saw radicals clash with the police, and residential and business areas become virtual war zones.

Lam said the chief executive’s responsibility is to ensure that Hong Kong remains a safe, orderly and law-abiding city.

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to the contemporary ag上海千花网ake it relevant to ever

The 2020 Pirelli Calendar by Paolo Roversi entitled “Looking for

Juliet“. The photographer’s project, which involves actr上海千花网女神会所

esses and singers of different cultures and countries, takes its cue from the Shakespearean drama and the inter

上海千花网section of love, strength, youth and beauty embodied by its female protagonist.

The protagonists of “Looking for Juliet” were invited by the photographer to presen

t the role of Juliet in an ideal casting session that sees them act, pose, sing; each th上海千花网女神会所

rough their own emotion, art form, personality, character and interpretation of the role.

上海千花网Roversi chose nine personalities to interpret the role of Juliet. They include the British actors Claire Foy, Mia Goth an

d the British actor and activist Emma Watson, the American actors Indya Moore, Yara Shahidi and Kristen Stew

art, the Chinese singer Chris Lee (Li Yuchun), the Spanish singer Rosalia, and the Franco-Italian artist Stella Roversi.上海千花网女神会所

Shot in Paris and Verona over a week in May, Roversi says of his calendar: “I am stil

l searching for my Juliet and I will be searching all my life. Because Juliet is a dream上海千花网

 The Democratic People’s Republic of Korea (DPRK) fired two short-range projectiles off its east coast on Saturday, the fi

上海千花网女神会所fth such launch in over two weeks, according to the Republic of Korea’s Joint Chiefs of Staff (JCS).

The projectiles, presumed to have been short-range ballistic missiles, wer

e launched at 5:34 am and 5:50 am local time each from the DPRK’s eastern coa上海千花网

stal city of Hamhung in South Hamgyong province into its eastern waters.

They flew about 400 km at an altitude of some 48 km and a maximum speed of Mach 6.1 or higher.上海千花网女神会所

The JCS said in a statement that it saw a high possibility for the DPRK’s additional proj

上海千花网ectile launches as the DPRK forces were under summertime drills and the combi

ned forces of the ROK and the United States launched their joint military exercises.上海千花网女神会所

The ROK-US joint military drills kicked off on Monday, and were scheduled to last for about 10 more days.

qiancengdian.cn

The government has set上海千花网f doubling GDP per

er capita from 2010 to 2020 and clearly will reach that goal.

上海千花网女神会所Nicholas Lardy, an often-cited Washington-based expert on the Chinese economy, argues i

n his recent book The State Strikes Back: The End of Economic Reform in China that China could have co

上海千花网ntinued to grow at 10 percent per year throughout this decade if not for policy mistakes.

His core argument is that Japan and South Korea continued high growth r

ates until they reached GDP per capita equal to 60 to 70 percent of the US, so why can’t China?上海千花网

With all due respect, I think this is a silly argument. The early growth in both Japan and South Korea was based on for

上海千花网eign demand for exports. In South Korea, these exports were manufactured largely by state-led companies.

China is a much larger economy. There is not enough potential import demand in the worl

d to continue as a main driver of the economy’s growth. It takes longer to grow organically from domestic demand.

上海千花网女神会所Japan saw very fast economic growth from the 1950s to the 1970s based on technological c

atch-up and on fast export growth to the US. The export industries of Japan – mostly cars and electronics –

are extremely competitive. But, much of the domestic economy is protected and inefficient.上海千花网

A series of trade disputes with the US in the 1970s and 1980s culminat

上海千花网女神会所ed in the Plaza Accords in 1985 that limited Japanese exports to the US and forced Jap

an to roughly double the value of the yen. So, export-led growth was no-longer an option.

Instead of opening-up and reforming its domestic economy, Japan first chose to use monetary stimulus in the late 1980s, which上海千花网

resulted in an immense real-estate bubble and led to the real-estate and stock market collapses in 1990 to 1992.

Through the 1990s and 2000s, Japan then tried to use very large infrastructure investm上海千花网女神会所

ents to stimulate the economy. This just resulted in negligible growth, ecological damage and a government-d

ebt-to-GDP ratio of more than 200 percent – by far the highest in the world. In contrast, China’s strategy of str

uctural reform, opening up, and increasing domestic competition will lead to more sustainable GDP growth.

www.jvuau.cn

Zhejiang province’s expo上海千花网emained steady in

 the first five months of the year despite headwinds from the China-US trade dispute, and the prov

ince’s export growth in the first half is expected to reach 9 percent year-on-year, said its governor on Friday.上海千花网品茶微信

Yuan Jiajun, governor of Zhejiang province, said at a news conference that despite Sino-US t

上海千花网品茶微信rade disagreements, the growth rate of the province’s exports in the first five months rose 8.4 percent, and t

hat the province’s two-way trade in 2018 totaled 2.85 trillion yuan ($414.8 billion), of which exports comprised 2.1 tril

lion yuan. Zhejiang’s total exports last year accounted for 12.9 percent of the national total, ranking third nationwide.上海千花网品茶微信

“Trade conflicts between China and the United States have jeopardized China’s trade environment. T

herefore, we are taking active measures to ensure both the growth rate and the national proportion of

上海千花网Zhejiang’s imports and exports to contribute to national economic development,” Yuan said.

Last June, the provincial government launched an online sup

ervision system that stores the information of enterprises’ export orders, he said.上海千花网品茶微信

Enterprises submit their export order information into the system so that the government is able to monitor ente

上海千花网rprises’ export situations to make forecasts and provide support for those enterprises.

Currently, over 40,000 exporters in Zhejiang have been registered in the monitoring syste

m, and each month the system offers export forecasts and analysis, serving as guidance for the go上海千花网品茶微信

vernment to take supportive measures when necessary to ensure healthy growth.

上海千花网In addition to boosting exports, the government is taking steps to foster new growth engines.

“Traditional trade may be hurt by the tough external environment, and therefor

e we have put emphasis on new trade sources such as crossborder e-commerce,” he said.上海千花网品茶微信

In 2018, the import and export value of Zhejiang’s cross-border e-com上海千花网

merce totaled 27.6 billion yuan, up 44.3 percent year-on-year, said Hangzhou Customs.

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awei’s logo looks simil上海千花网 makeup on her

Meanwhile, Chinese telecom giant Huawei has unexpectedly spar

ked a wave of discussions as Liu’s petal-shaped head ornament looked surprisingly similar to the comp上海千花网

any’s logo in one scene. Some Western netizens on Twitter even asked: “Is that a Huawei logo on her forehead?”

上海千花网女神会所Mulan represents a household name in China, but the character fir

st gained fame worldwide in 1998 thanks to the eponymous Disney animated movie.

Disney is an undeniable master of adaptations, exploring good stories and transformin上海千花网

g them into global legends. However, like Disney’s other adaptations, Mulan has also raised some doubts.

上海千花网女神会所First of all, Mulan in the Disney version appears as a self-independent

woman who tries to break free of China’s ancient feudal shackles and meet her true self.

“It is my duty to fight,” Mulan said at the end of the trailer. But the saying, much discussed online, comes after an old na上海千花网女神会所

nny told Mulan: “Quiet, composed, graceful, disciplined — these are the qualities we see in a good wife.”

Many believed that the word “fight” here has double meanings. Mulan’s ambition goes beyond being a sword-wielding he

上海千花网roine, where she could also slash away the stereotypes of ancient Chinese women.

In the minds of most Chinese audiences, however, family bonds and patriotism should reign in Mulan’s story.

After all, the entire society paid great respect to the thoughts of Confucius and Mencius in anci上海千花网

ent times. Therefore, Mulan is not really pursuing freedom, but rather firmly following their core ideas of “Ke Ji Fu

上海千花网女神会所Li,” which means that a person should restrain their words and deeds in order to comply with social norms.

Also, the topic Mulan Fujian Tulou has trended as a hot hashtag on Chinese social medi

a. Tulou represents a Chinese architectural style known for inward-looking circular and square layouts un上海千花网女神会所

ique to China’s southern provinces. But history records Mulan as living in northern China.

ypidv.cn

Several issues that ne上海千花网 clarified about Sino

When the US government escalated economic and trade friction, a ridiculous argument of self-deception was floated by some in the US. It

上海千花网was claimed that “additional tariffs were good for the US”. From last year’s “trade war is good”, it has now come down to that China is payin

g huge tariffs to the US … These huge taxes will be directly handed over to the US Treasury, and tariffs will bring more wealth to the US, even more than tra

ditional trading. This claim goes completely against the common sense of economics.上海千花网品茶微信

It is just the rhetoric of some in the US to hide the dangers of trade wars and fool people.

As far as the essence of trade protectionism in capitalist countries goes, a great ec

onomist has revealed that the protective tariff system that the capitalist class implements in the name of the上海千花网

state and the nation is merely a means of artificially “creating factory owners, exploiting independent workers and capitalizing the production materials and living materials of the people”.In fa

ct, while trade protectionism harms the interests of other countries, it also harms the interests of US citizens. It is a redistribution of interests that benefits only a few large monopolies in the US上海千花网品茶微信.

Trade friction harms the interests of ordinary US consumers. A large part of China’s exports to the US are ordinary consumer goods, and the price elasticity of demand is small. Therefore, according to the tax-transfer

principle, when the US imposes tariffs on Chinese goods, most of them will eventually be passed on to US consumers. A study from Goldman Sachs, a famed investment bank, believes tha

上海千花网品茶微信t after the US government imposed tariffs on Chinese goods last year, Chinese exporters did not lower their prices “to compete in the US market”. Therefore, tariff costs were mainly pa

ssed on to US companies and households, resulting in a rise in consumer prices. It has pushed up the core inflation rate in the US.

• Can Sino-US trade friction hurt the Chinese economy?上海千花网品茶微信

The US has continuously escalated Sino-US trade friction and used trade bullying and various other m

easures against China, which will undoubtedly adversely affect the production and operation of Chinese enterprises and people’s consu

mption and expectations, and increase downward pressure on the economy. However, if we take a long-term, comprehensive and fundamental vie

to calmly and objectively examine it, rather than being caught in the short-term economic fluctuations or the consideration of gains and losses for the mom

ent, we can draw the conclusion that the impact will be generally controllable and positive. The good trend is unchanged, the comprehensive ad

antages are obvious, and the means of regulation are sufficient. There are more opportunities than challenges.

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member demonstrates a gesture capturing system durin

hanghai has unveiled its first dedicated artificial intelligence incubator as part of its push t上海千花网o make AI a cornerstone of its industrial transformation.

上海千花网Launched in Shanghai’s Wujiaochang, an area home to multiple leading

research houses such as Fudan University and Tongji University, the first 3,000 square-mete

r AI Space serves as an accelerator to turn abstract AI ideas into prototypes and potentially into tangible products.上海千花网

Backed by the Shanghai Commission of Economy and Informatizati

o上海千花网n, the facility will provide working space, data bases, technical support, financing and res

ources match-making with application scenarios. Such a model will be duplicated across the city in due time.

上海千花网Five AI startups have signed memoranda of understanding with the first AI space, c

overing areas from the combination of AI and medical care, education and big data.

The incubator was launched earlier this week on the same occasion whe

n the city announced the setup of a series of awards, dubbed SAIL, dedicated to an AI-th

emed contest, whose results will be announced ahead of the 2019 World Artificial Intelligence Conference in August.

“The SAIL awards are not only an influential part of the WAIC competition, but an impor上海千花网

tant carrier in the integration of industries, universities, researches and application in the field of AI

,上海千花网女神会所” said Zhang Ying, chief engineer of the Shanghai Commission of Economy and Informatization.

With four subcategories, the SAIL awards are expected to facilitat

e the development of AI and accelerate its transformation from concepts to reality.

Official statistics上海千花网女神会所 showed that the city is already home to 1,000 companies with AI as its core b

上海千花网女神会所usiness. According to a plan issued last year by municipal authorities, Shanghai is looking to lead the pack by b

ecoming a global AI hub, with plans to expand the scale of i上海千花网女神会所ts industry to more than 100 billion yuan ($14.4 billion) by 2020.

www.qinhuaili.cn

The online audio 上海千花网品茶微信ourishing in the

 country, with 上海千花网品茶微信more and more audio visual products of increasingly high quality being created,” said Cui Chenghao, deputy Party secr

etary of the research center of the National Radio and Television Administration, during the summit.

Cui, who is also the deputy editor of the report, points out that major online video platforms in China, including Tencent platform

iQiyi, have been pouring capital into the production of original content and the quality of most works have rea

ched a level that is comparable to those produced by broadcasting companies.

“For instance, most original online shows no longer depend solely on the star factor of famous personalities. More and more new

actors are appearing in these programs,” he says.Cui also claims that technological advancements have been dri

ving growth in the online media market since 2018 when technology such as 4K (ultra-high definition) and 8K re

solution as well as virtual reality started becoming more prevalent in the industry.

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