After stocks plummeted last month, US markets are surging once again, on hopes of restarting trade talks with China.
上海后花园May this year was one of the worst months of May for US stocks in several years, with US markets seeing wild swings amid the US-initiated trade dispute with China.
But in a sudden about-face, stocks skyrocketed this week. The main rise came Tuesday after US President Donald Trump hel上海后花园
d a telephone conversation with Chinese President Xi Jinping saying looking forward to meeting at this month’s G20 summit in Osaka, Japan.
The news caused the US Dow Jones Industrial Average to surge nearly 400 points. Stocks上海后花园品茶微信
continued to rise on Wednesday, on signals from the US Federal Reserve that it could cut interest rates later.
上海后花园James M. Roberts, an economist at the Heritage Foundation, told Xinhua that the news about the two presidents’ meeting next week is “certainly encouraging.”
“It is not surprising that markets have reacted favorably,” Roberts said. “Assumin
g that the meeting stays on track, markets should continue to view the upcoming G20 hopefully.”上海后花园品茶微信
Desmond Lachman, a resident fellow at the American Enterprise Institute, told Xinhua that markets were buoyed Tuesday
by Trump’s announcement that talks with China would restart, as well as by European Central Bank (ECB) Preside
nt Mario Draghi’s indication that he might soon respond to European economic weakening by restarting the ECB’s bond buying program.上海后花园品茶微信
That gave the impetus for global bond yields to decline and stocks to rally, he said.
Experts said that markets would be pleased by an agreement by both sides to continue talking.
“Both President Trump and President Xi would benefit from a favorable outcome to their bilateral meeting and to the G20 overall,” Roberts said.上海后花园品茶微信
Chief trade negotiators of China and the United States will communicate in line with the
instructions made by the two heads of state, China’s Ministry of Commerce (MOC) said Thursday.
Negotiating teams from both sides will earnestly implement the instructions and make preparations fo
r the meeting of the two heads of state during the G20 Summit in Osaka, MOC spokesperson Gao Feng told a news conference.
“We believe both sides can find ways to properly solve their problems through equitable dialogue and accommodating each other’s legitimate concerns,” he said.
Beijing and Washington had been hammering out a trade deal, but the talks stalled last month after the Trump administration hiked tariffs on $200 bi
llion worth of Chinese goods and threatened to impose further tariffs on additional Chinese imports.
Lachman said US markets would be kept moving if Trump took further US import tariffs on China off the table at the G20 meeting.
hina’s metro syst上海龙凤419品茶微信em has seen burgeoning growth over the past decades, with up close to 4,600 kilometers built since
the country’s first subway line opened in Beijing back in 1969, according to the 21st Century Business Herald.
Currently, 33 Chinese cities have subways, of which 21 entered the rail transit era in the last 10 years, the newspaper said.
Shanghai led all other Chinese cities with operating mileage of 669 kilometers as of Jun
e 6 this year, followed by Beijing and Guangzhou, with 617 kilometers and 473 kilometers.
Shenzhen’s 285 kilometers of operating mileage won its fourth spot, bu
t the figure lagged far behind the first three, while narrowing the gap with cities such as W
uhan, Chengdu and Chongqing, the newspaper added by compiling relevant data.
As a whole, 13 out of the 33 cities ran lines exceeding 100 kilometers in the same period.
urity”, signed an executive order on May 15 that led the US Department of Commerce to put Huawei and its affilia
tes on an Entity List, which would restrict the sale or transfer of US technologies to the company.
Craig Allen, president of the council, said many of its members are suppliers to Huaw
ei, and all of them have been impacted by the Department of Commerce’s move.
Founded in 1973, the council represents around 200 US companie
s doing business with China, including Apple and Microsoft. It also includes chipmakers Inte
l and Qualcomm, which have said they would stop offering supplies to Huawei until further notice.
The members will follow US law, but there is a cost associated with that, Allen told China Daily.
aditional snacks, visitors can take in a parade involving 28 teams from Asian countries at the main venue, Xu said.
The parade, with singing and dancing, is held twice a day. Members of the public who want
to experience the food festival and parade at the main venue need to register online in advance at www.damai.cn.
During Asian Civilization Week, the public can attend several cu
ltural performances, films or exhibitions with Asian features at lower prices or free.
For example, an Asian arts exhibition will be held at the Beijing 798 Art Zone n
ext week, said Wang Xiuqin, an official from the China Arts and Entertainment Group.
“Our aim is to help more people understand Asian culture and attend related activities,” he said.
ative safer, more sustainable and disaster-proof, according
to the declaration published during the two-day International Conference on Silk-road Disa
ster Risk Reduction and Development, which concluded in Beijing on Sunday.
Sunday marked China’s 11th National Disaster Prevention and Reducti
on Day, an annual event which began in 2009 after a devastating earthquake hit Sich
uan and neighboring provinces on May 12, 2008, leaving over 87,000 dead or missing.
More than 700 scientists from around 40 countries, regions and international organizations supported the declaration. It reco
mmended actions including data-sharing, investing in disaster risk reduction technologies and in
frastructure, and jointly enhancing disaster preparedness and response protocols.
to skiing, skating and other winter sports, which in turn will promote more national and int
ernational winter sports events. With the aim to better develop winter sports, governments at all levels shou
ld issue policies to encourage more people, in particular, teenagers, to follow and play winter sports.
Besides, the government should learn from the experiences of Nordic countries how to increase the popularity of winter sports.
Li Hai, director of the School of Economics and Management, Shanghai University of Sport
Winter sports have become increasingly popular in recent years, especially after China won the bid to host the 2022 Winte
r Olympics, creating a huge opportunity for the development of the winter sports industry.