uarter, which represented the 14th consecutive quarter in the 6.4 percent to 6.8 percent range.
The country added 4.59 million urban jobs in the first four months, with total imports and expo上海会所品茶微信
rts up by 4.3 percent year-on-year and its foreign exchange reserves remaining above $3 trillion.
上海会所品茶微信Xi said there will be ample factors to reinfo
rce the steady, healthy and sustainable growth of the Chinese economy.
The president called the country’s large pool of resources a primary factor. C上海会所
hina has a population of nearly 1.4 billion, a 900-million-strong workforce, the w
orld’s largest middle-income population and over 100 million market entities.上海会所
47-year-old woman who suffered terminal kidney failure was saved after a transplant su
rgery using two kidneys from a donor who weighed just 1.3 kilograms – the lightest ki上海会所品茶微信
dney donor ever reported worldwide – a newspaper in Hubei province has reported.
上海会所The woman, surnamed Wang, from Duchang county, Jiangxi province, was diagnos
ed with uremia in June 2018 at Wuhan Union Hospital and had the transplant surgery at
the same hospital in July last year, Chutian Metropolis Daily reported on Wednesday.上海会所品茶微信
The kidneys used in the surgery came from a premature ba
by whose parents decided to donate after the baby’s death, the report said.
上海会所Following a year’s treatment, the baby’s kidneys have grown to the size of an adult’s and function healthily.
Wang has recovered her health, the hospital said.
The donor is now the lightest kidney donor in the world, the hospital announced on Wednesday.
Transplant surgeries using kidneys donated by infants are difficult, and infants w上海会所品茶微信
ho weigh less than five kilograms are not considered sources of organs in many countries, the hospital said.
The success of the surgery in Wuhan means sources of kidney for transplant surgeries
will be greatly expanded to include early infants, which will ease the gap between the number of organs don
ated and the number of patients with terminal kidney diseases waiting for transplant surgeries in China, the hospital said.
to take the delayed effect of balance sheet reduction conducted earlier into its consideration of rate cuts. The current phase-out of balanc
上海会所e sheet reduction already has some easing effect, and only after the balance sheet reduction ends in September, can its impact become clearer.
By incorporating that impact into consideration, the Fed can draw up a better rate cut plan that maximizes effects of the policy mix.上海会所
Thirdly, the market may have overestimated how much the Fed will cut the rates. There may be no more than three rate cuts by the end of 2020.
St. Louis Fed President James Bullard – the major advocate of this
round of rate cut – has suggested the use of the modern-day Taylor rule, which fairly well explains th上海会所
e Fed’s interest rate decisions. Even based on this model adopted by dovish Fed officials, we found that the degree of rate cuts may be weaker than m
上海会所arket expectation for quite some time going forward: at most one cut by the end of this year and likely two or three cuts by the end of 2020.
By contrast, before the June FOMC meeting, the market expected a higher-than-85-percent chance of more than one rate cut by the
end of this year as well as an about 60-percent chance of more than three cuts by the end of 2020, according to Bloomberg data.上海会所品茶微信
In conclusion, we think as economic downside pressure gradually emerges, the Fed will have to kick off the rate cut cycle. But the rate cut si上海会所品茶微信
gnal, timing and degree may not measure up to the market expectation. Therefore, two future developments appear possible:
First, investor sentiment can reverse drastically if the Fed’s action fails to meet market expec上海会所品茶微信
tation. Considering the market has fully priced in the unrealistic expectation of rate cuts sinc
e early June, any reversal of expectation can lead to short-term fluctuations of key price signals such as the US Treasury yield cu
rve, the US Dollar Index, and the gold price, which may pose extensive spillover shocks to asset portfolios.
Second, the long-term trend of rate cuts will continue even if the market expectation reverses. In the long
run, the Fed is expected to proceed with rate cuts in a fairly slow and smooth way. This will enlarge the monetary policy room of ot
her major economies and expedite the shift toward an easing global monetary environment, which may in turn lift the sen
timent of global stock markets and ease any currency risk of emerging markets gradually.
Cheng Shi is the managing director, head of research and chief economist of ICBC Interna
tional Holdings Ltd.Qian Zhijun is a senior economist of ICBC International Holdings Ltd.
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.
hroughout the world, with a history of more than 2,000 years. In 2006, the traditional festival was listed as part of China’s
national intangible cultural heritage. In 2008, it was recognized as a public holiday in the Chinese mainland.
The Dragon Boat Festival commemorates the death of Qu Yuan, a Chu state
official and poet who lived during the Warring States Period (475-221 BC) before the reu
nification of China under the Qin Dynasty (221-206 BC). He was exiled after opposing his king’s decision to ally wit
h the neighboring state of Qin, and when Chu was finally conquered by Qin, he
committed suicide by drowning in the Miluo River on the fifth day of the fifth lunar month.
The Chu people, who admired Qu Yuan for his loyalty and integrity, th
rew rice dumplings into the river to feed the fish so they would not eat the body of their po
et hero. People then started dragon boat racing to scare off the fish.
Since then, the fifth day of the fifth month on the lunar calendar is cel
brated as the Dragon Boat Festival. The following are some customs for the festival.