arry makes landfall at Louisia 上海夜网ening to tropical

 上海夜网Tropical storm Barry made landfall near Intracoastal City, US state of Louisiana, and weakened to a storm again from a hur

ricane on Saturday afternoon, according to the US National Hurricane Center (NHC). 上海夜网女神会所

hina and Japan should jointly resist protectionism and uphold mul

 上海夜网ilateralism as well as the free trade system in order to repair the broken global

industrial and supply chains, said former vice-premier Zeng Peiyan in Tokyo on Thursday. 上海夜网女神会所

“Trade protectionism had challenged the globalization process of the world and had bee

 上海夜网女神会所n a threat to the recovery of world economy as it has severely affected the normal operation of the global industrial chai

ns and supply chains,” said Zeng, now chairman of the China Center for International Economic Exchanges. 上海夜网

In Tokyo for the fifth round of a dialogue between Chinese and Japa

nese entrepreneurs and former high-ranking officials, Zeng called for an integrated effort 上海夜网女神会所

of the two countries to enhance regional cooperation and reach the Regional Comprehensive Economic Partn

 上海夜网ership deal as well as the free trade agreement between China, Japan and South Korea.

Barry became a hurricane as it was making its final approach toward the Gulf Coa

st onto the southern US state of Louisiana on Saturday morning, according to the NHC. 上海夜网女神会所

Barry is expected to bring dangerous storm surge and heavy rains across the north-central Gulf Coast foll

 上海夜网女神会所owing its landfall, mainly due to its slow movement toward the inland region. Residents in the

affected regions who had not been put under voluntary or mandatory evacuation were told to take shelter. 上海夜网

Local governments and residents have geared up for the hurricane. N

ew Orleans and Baton Rouge, the capital city of Louisiana, are among the cities at high risk 上海夜网女神会所

of flooding. Mississippi River is forecast to crest at 19 feet (about 5.8 meters) in New Orleans on Saturday.

In New Orleans, voluntary evacuations have been issued for areas which are not protected by levees. 上海夜网

Both US states of Louisiana and Mississippi have declared state of emergency in advance of Barry’s arrival.

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Over the past 40 year上海夜网女神会所00 million Chin

Over the past 40 上海夜网女神会所years, more than 700 million Chinese have emerged from poverty.

Since its 18th National Congress in 2012, over 80 million have been lifted out of poverty in

rural areas. The country plans to help over 10 million people emerge from poverty this year.

The CPC is also tasked with various jobs including tackling pollution and foresta

lling and defusing major risks amid a rising tide of unilateralism and protectionism on the global stage.

During an inspection tour in Jiangxi province in May, Xi said the country depends on the fir

m faith and strong will of the whole Party and all people to overcome major challenges at home and ab

road and secure new victories in building socialism with Chinese characteristicsXinhua contributed to this story.

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government’s decisio上海夜网女神会所d it hopes th

e government wil上海夜网女神会所l thoroughly explain the bill to different sectors and listen

to their opinions. It also urged communities not to use violent or radical means to express views.

The proposed amendments to the Fugitive Offenders Ordina

nce and the Mutual Legal Assistance in Criminal Matters Ordinance were scheduled to be disc

ussed at a full Legislative Council meeting for a second reading on Wednesday.

The meeting had to be canceled after a protest against the amendment

s brought the city’s main administrative and business areas to a standstill. If passed, the ame

ndments will enable the HKSAR to surrender fugitive offenders on a case-by-case basis to jurisdictions that curr

ently have no long-term agreements with Hong Kong, including the Chinese mainland, Macao and Taiwan.

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SAR government in上海夜网女神会所Kong in accordanc

ance with the law上海夜网女神会所 and uphold the SAR’s prosperity and stability with people from all sectors.

Since the return of Hong Kong, the policy of “one country, two systems” and Hong Kong people governi

ng Hong Kong with a high degree of autonomy has been faithfully implemented, and the rights a

nd freedoms of Hong Kong residents have been fully guaranteed according to law, Geng said.

Maintaining Hong Kong’s prosperity and stability serves not only China’s

interests, but also the interests of all countries across the world, he said.

“I would like to emphasize that Hong Kong is China’s SAR and its affairs ar

e purely China’s internal affairs that brook no interference from any country, organi

zation or individual,” Geng said, adding China’s determination to safeguard its sovereignty, security and

development interests, and uphold Hong Kong’s prosperity and stability is rock solid.

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The Sino-US trade tensions have had a limited impact

mpact on China’s financial markets and the effects will be “even smaller” in the future, Guo said.

Yi Huiman, chairman of the CSRC, also pledged earlier in May to continuously enhance the quality of listed firms as part of s

upply-side reforms in the financial sector to promote the high-quality development of the real economy.

The National Development and Reform Commission, China’s top economic planner, said on

Tuesday that the country is willing to continue supplying rare-earth metals to world markets but is oppo

sed to those who use products made with such rare earths to “suppress and dampen China’s development”.

It also said that the industries of China and the United States are highly compleme

ntary. Cooperation will benefit both countries while confrontation will only undermine their interests, it said.

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Recent monetary and fiscal stimulus measures are expe

cted to bolster domestic demand, partially offsetting the adverse impact of trade tariffs on overall growth,” the report said.

The US recently signaled its intention to impose additional tariffs on the European Union, primarily targeted at the

aircraft and food industries. It is in addition to the imposition of steel and aluminum tariffs that are already in place.

Amid unresolved trade disputes and higher tariffs, the projected growth of world tra

de has been revised downwards to 2.7 percent in 2019, slowing markedly from 3.4 percent in 2018.

The report warns that “the impact of a spiral of additional tariffs and retalia

tions would not only dampen growth of these large economies, but also have severe spi

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Trade agreements can affect the types of goods being

traded and they can redirect trade toward one country, away

from others. They cannot directly affect any country’s worldwide current account balance. A count

ry that saves less than it invests will have to borrow foreign funds to import foreign goods to make up that difference.

There are two ways to reduce the US trade deficit. A serious recession would reduce investme

nt, but nobody advocates that as a strategy. The only other path is to change the US financial and gove

rnment system to encourage increased savings. China has almost nothing to do with it.

Ironically, the disputes between the US and China center around both nations’ legitimate desires to

protect some current low-skilled jobs, or at least to allow an easier transition to new jobs and industries.

US administration’s economic policy has rightly focused on the need to

retain jobs for working-class people in the US. And, China’s companies that export to the U

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Nevertheless, it is difficult to separate cyclical elements

and external shocks from the long-term trend and to conclude that China’s potential growth rate really is 6-6.5 percent.

Many Chinese economists cite long-term supply-side structural factors-such as demographic agi

ng, environmental degradation, and a lack of progress on reform-to argue that China has simply en

tered a new stage of development, characterized by significantly lower potential growth rates.

Structural factors don’t explain falling growth rate

While this may be true-everyone in China agrees that 9-10 perce

nt annual growth rates are a thing of the past-there is no clear indication of how much Chin

a’s growth potential has actually declined. Long-term supply-side structural factors do not explain, for exam

ple, why the growth rate fell from 12.1 percent in the first quarter of 2010 to 7.4 percent in the third quarter of 2013.

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This issue is similar to the environment. External critics

ent. External critics of China don’t appreciate that Chinese themselves realize there

are issues to be addressed. They are doing so. These developments should be encouraged.”

President Xi Jinping, who spoke at the Second Belt and Road Foru

m for International Cooperation in Beijing recen

tly, listed areas in which China will improve the environment for foreign investment.

The president said the nation will work hard to create a business environ

ment that respects the value of intellectual prop

erty, will improve the legal system for IPR protection at all levels, will strengthen law enforcement and pr

otection for the legitimate rights and interests of foreign IP owners and will bar the

forced transfer of technology, improve protection of trade secrets and crack down on infringement.

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The Belt and Road Initiative, which originated in C

 China but belongs to the world, has become an open and inclusive platform for international cooperation and a well-recog

nized global public good thanks to the concerted efforts of the parties involved, Xi said.

Calling think tanks significant forces for Belt and Road constructi

on, the president said developing think tank exchanges and cooperation helps deepen mu

tual trust, unite consensus and promote the BRI to achieve high-level development.

He expressed the hope that the think tank network would develop in-depth academic exchanges to promote solid coope

ration under the BRI and contribute to the building of a community with a shared future for mankind.

Also on Wednesday, a ceremony to mark the release of the English and French editions

of a compilation of remarks by Xi on the Belt and Road was held in Beijing by the State Council Information Office.

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