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.

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The impact of heighten上海千花坊s between the world’

rld’s two largest economies goes far beyond their own borders, of course.

According to Reserve Bank of Australia Governor Philip Lowe, the Sino-上海千花坊品茶微信

US trade war poses the biggest risk to global economic stability. In a private meeting o

上海千花坊n Tuesday, Lowe said the trade dispute was hurting global investment, wages and e

conomic growth, the Sydney Morning Herald reported. That corroborates an earlier alarm about the trade w

ar sounded by the International Monetary Fund in May, saying it will “jeopardize” global growth.上海千花坊品茶微信

Yet despite all the negative consequences, the US leader has tried to rationalize the hefty ta

上海千花坊riffs he has imposed on Chinese goods by holding China responsible for all the US woes. “China has been ripping this c

ountry off for 25 years”, he said on Tuesday, ignoring the fact that Sino-US trade relations have benefited both sides ov上海千花坊品茶微信

er the years and their disputes — which exist among all trade partners — can only be solve

d through talks based on equality and mutual respect rather than hard-handedness.上海千花坊

Maximizing pressure may be part of his deal-making art. But as the trade dispute stretches into its second year, the confr

ontational stance on the part of Washington has only proved counterproductive.

上海千花坊For trade talks to make progress, the US has to take concrete actions to show its sincerity.

Interest rate reform not to have direct impact on renminbi exchange rate

Further monetary easing remains one of the options to support economic growth in Chin上海千花坊品茶微信

a, after the debut of the new market-driven lending rate, according to central bank officials.

“There is room for cutting interest rates and reserve requirement ratios,” Liu Guoqiang, deputy governor of the Peo上海千花坊

ple’s Bank of China, the central bank, told reporters on the sidelines of a news conference on Tuesday.

“The future adjustments will depend on the changes of economic growth pace and the price level indicated by the consumer price in上海千花坊品茶微信

dex,” said the senior central bank official. “The Chinese economy is not in deflation, and the marke

t rates have dropped obviously to a generally reasonable level at the moment.”

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Completion of tunnels上海夜网il line within reach

Most of the tunnels along the Lhasa-Nyingchi section of the Sich

上海夜网品茶微信uan-Tibet Railway have been completed, railway authorities said over the weekend.

The Bukamu Tunnel, one of the longest tunnels on the railway linking Lha上海夜网

sa and Nyingchi in Southwest China’s Tibet autonomous region, was completed on Fr

iday. With its completion, 96 percent of the tunnels on the Lhasa-Nyingchi section of the railway are finished.上海夜网

The 9,240-meter Bukamu Tunnel is located in Manling county of the reg

ion’s eastern Nyingchi city. According to the China Railway 17th Bureau Group, and it is

also the 37th tunnel to be completed for this section, leaving 10 other tunnels to be finished by the end of the year.上海夜网品茶微信

“Once construction began in October 2015, it took more than 300 workers 1,234 days to complete the tunnel,” said Y

an Qingjing, an official of the Lhasa-Nyingchi Railway Headquarters, which is part of the group.上海夜网

“The oxygen level in the region is merely 50 percent that of the plain are

as, with the tunnel’s location at an average elevation of 3,000 meters above sea level, a上海夜网品茶微信

nd the oxygen level inside the tunnel is only 19 percent of that of the plain areas,” Yan said.

The group’s statistics show that more than 90 percent of the tunnel is rock burst section, and that more than 3,000 ro上海夜网

ck bursts were counted during construction of the tunnel, with an average daily burst of three.

Wang Shucheng, director of the project, said the tunnel’s depth reaches上海夜网

1,381 meters at one point, and high geostress inside causes the tunnel’s highest tem

perature to reach 42 C, much higher than the railway tunnel construction safety temperature of 28 C.上海夜网品茶微信

“The tunnel is like a steam room,” said Kang Yanjun, who works with the group. “On

ce you get inside, you begin sweating profusely. It is like doing anaerobic exercise.”上海夜网品茶微信

The technicians must exert a lot of energy every time the

y work in the tunnel, and each person needs at least 10 bottles of water, Kang said.

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eries, Over the Sea I Co上海419论坛ently been bro

But there is one crucial difference; the young man is not alone but wi

th his father. That scene coincides with the Chinese title of this TV series, namely “stud上海419论坛女神会所

ying abroad with daddy”. The plot depicts the lives of three young Chinese s

上海419论坛tudents and their fathers, or mothers, who accompany them to a developed cou

ntry. Predicaments then arise. Study problems, issues with the homestay family, exam cheating and a campus shooting. This has ignited responses fro

m viewers, with mixed voices including both positive and faultfinding critical comments.上海419论坛

Increasing numbers of Chinese students are opting to go abroad to further their studies in colleges and universities. According

上海419论坛女神会所to data from UNESCO, overseas Chinese students now account for

14 percent of the global total. China tops the rankings of international stu

dents, according to Xinhua News Agency, reaching 660,000 in 2018. Of these 596,300 are self-funded.

The TV series has attracted a huge number of viewers and “overseas stu上海419论坛女神会所

dents” is a hot topic for online comment. On Sina Weibo, the com

ments of the hashtag about the TV series have hit more than 1.1 million.上海419论坛

Few Chinese families are wealthy enough to dispatch a parent to help a student face the challenges of life overseas.

上海419论坛女神会所Lucy Zhu, for example, points to her own experiences. “One day, in my seni

or year, I was driving, but suddenly my car was hit by another car being driven by a US te

enager. I had to deal with all the case proceedings and the insurance claim every step of the way,” she recalls.上海419论坛

In more ways than one, being an overseas student means there is a great learning curve. Jane Yang, now a US citizen, from Heb

ei province, studied as an international student at the University of Minnesota in 1988. “The early years a上海419论坛女神会所

broad, looking back, made me a more independent, open-minded person,” she says.

To Zhang Shuwei, the 20-something producer of the series, “the keyword

is more ‘daddy’ than ‘study abroad”‘, since the plot also depicts the lives of the three pa上海419论坛女神会所

rents, who accompany their children. Audience response suggests that they would like to learn more about the st

udents and their travails. The show has a rating of 3.5 out of 5 on review site Douban.

Yet on the other hand, the struggles of the overseas students portrayed in the TV series s

till managed to reveal typical issues faced or experienced by Chinese students who study abroad.

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The airport is now orga上海会所ale simulation exer

ercises for all departments stationed there to test its facilities and equipment. The exercises, running over more than two months, will see over 500 flights and ha

 上海会所品茶微信ndle 51,000 passengers and 35,000 items of luggage, according to the news release.

“The airport will also have to conduct several more test flights – for example, flying in low-visibility conditions – before being put into operation,” Guo said.

The airport, which is planned to open before Sept 30, will act as a second international airport for Beijing to re 上海会所

lieve pressure from rising demand for air travel on Beijing’s Capital International Airport.

By 2021, the new airport is expected to handle 45 million passengers a year. By 2025, that number is expected to grow to 72 million. 上海会所

A pair of gloves and socks were all the betrothal gifts needed for a rural man in China to prepare for a marriage in the 198

0s, but the gifts in modern times have evolved into huge amounts of money, putting great pressure on rural families.

 上海会所品茶微信”I took my wife home by riding a bicycle on the day I got married,” said Shan Yi

nhe, a 55-year-old rural villager in Handan, in northern China’s Hebei province.

A marriage ritual in the country’s northern areas usually starts with the bri

degroom picking up the bride in the morning from her home and bringing her to his home, bo

th accompanied by families, relatives and friends. Then a wedding ceremony is held around noon. 上海会所品茶微信

Shan got married in 1988 in Nanduqi village in Feixiang district, about 400 kilometers southwest of Beijing.

Shan prepared a pair of brand-new gloves and socks for his bride’s family, wh 上海会所

ich were all he could manage but were enough for him to begin a happy marriage.

Three decades and two adult sons later, Shan began to feel stressed by the high cost of modern marriages.

 上海会所品茶微信At the end of 2017, his second son was about to marry his girlfriend, with whom he had been in a relations

hip for five years. Shan was gratified to see his son happy. But the happiness was accompanied by great pressure.

He needed to come up with a lot of money – 60,000 yuan ($8,722) as betrothal gifts for the bride’s family – to pay for his son’s wedding.

“It is local custom for the bridegroom’s family to give money to the bride’s family, but the

amount has been mounting in the past few years,” Shan said, adding that there is competition among villagers.

Although the amount was at a medium level compared with the cost of other marriages in Shan’s village – where some h

ave topped 150,000 yuan – the expense he bore was equal to about two years of his family’s total income.

Shan earns 2,000 yuan a month as an accountant at the government of Tiantaishan town, which covers his vil

lage. He and his family also grow crops on 0.7 hectares of land, which can yield about 5,000 yuan each year.

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Rwanda’s Confucius i上海千花网 celebrates nniversary

Confucius Institute at the University of Rwanda on Wednesday held performances to celebrate the 70th anniver

上海千花网sary of the founding of the People’s Republic of China and the 10th anniversary of the establishment of the institute.

Confucius Institute at the University of Rwanda, is established in 2009 under the par上海千花网

tnership between China’s Chongqing Normal University and the University of Rwanda.

上海千花网品茶微信Over 300 people from China and Rwanda watched the performances held at the University of Rwanda campus in Rwanda’s capital city of Kigali.

Rwandan students from GSOB Secondary School in southern province kicked off the show wi上海千花网

th a chorus in Chinese, followed by Chinese tai chi, dancing, crosstalk and other performances staged by

上海千花网品茶微信students from the Confucius Institute’s different teaching locations across the country.

Confucius Institute at the University of Rwanda is the first Confucius institute established by the Chongqing Normal Unive

rsity, which serves as its starting point of establishing Confucius institutes in different continents, said Chen Zhijun, vi上海千花网品茶微信

ce-president of the Chongqing Normal University, shortly before the performances.

上海千花网Since 2009, Confucius Institute at the University of Rwanda has been expanding the s

cale to meet the needs of learning the Chinese language and culture for Rwandan people, said Chen, add

ing that the number of registered students has been increasing from over 200 in 2009 to over 5,100 in 2019.上海千花网

Young people hold the key to the future of the country, and the establishment of the Con

上海千花网品茶微信fucius Institute is meant to use skill and knowledge to empower the youth to explore their academic po

tential, said George Njoroge, principal of the College of Education at the University of Rwanda.

In the fast-changing world, knowing the Chinese language上海千花网品茶微信

and culture will give students an advantage in competition with others, he said.

Confucius institute, named after ancient Chinese philosopher Confuci

us, serves as a non-profit public institution to help foreigners better understand China thr

ough language teaching and culture introduction in universities overseas. The first such institute was established in

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African safari inspires L上海夜网 director Favreau

For most of us, it is just a daydream to quit our job, pull up stakes and travel around the world.

However, for Jon Favreau, doing just that may just have landed him上海夜网

the biggest project in his filmmaking career, after a six-month sabbatical to Africa earned him

上海夜网品茶微信the director’s chair on Disney’s $250 million live-action remake of its 1994 animation, The Lion King.

As one of the most anticipated blockbusters this summer, the new Lion King fi

lm will open across the Chinese mainland on Friday, a week earlier than North America.上海夜网

According to the producers, Favreau went on a safari to Africa six months befor

上海夜网品茶微信e even entering into talks with the Hollywood giant about taking the helm of the remake.

During his trip, the original film was used as frame of reference several times-first, when Favreau and other travelers saw a wart上海夜网

hog run past the safari vehicle and a member of the tour party started singing Hakuna Matata, a song from the mo

vie. The film was mentioned again later, when they saw several lions standing majestically on a rock.

上海夜网品茶微信In an introductory news release from Disney, Favreau says the Lion King story “pops up in music, on T

V shows, in comedy routines, as part of sketches … It’s such a deep part of our culture that it felt上海夜网

like there was a tremendous opportunity to build on that and to retell the story in a different medium.”

上海夜网品茶微信Widely regarded as a classic, the 1994 animated film won two Academy Awards-Best Original Song for Can You Feel the Love To

night, composed by Elton John and Tim Rice, and Best Score, thanks to composer Hans Zimmer.

In 1997, a stage production inspired by the film debuted on Broadw上海夜网品茶微信

ay, subsequently winning six Tony Awards. Now, more than 20 years later, the mus

ical has remained as one of Broadway’s biggest hits, recently staging its 9,000th show.

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ling the “firm and unbr上海419论坛ip” between of leader

Kim said he would上海419论坛女神会所 like to follow the will of the past generations of leaders, make joint efforts with Xi, in

herit and develop DPRK-China relations at a new historic point and map out a bright future for DPRK-China friendship.上海419论坛女神会所

Xi’s wife, Peng Liyuan, and Kim’s wife, Ri Sol-ju, also attended the meeting. Before their dep

arture, Xi and Peng attended a seeing-off ceremony held by Kim and Ri at the airport.上海419论坛

At a welcoming banquet held by Kim on Thursday evening, Xi said that Beijing is willing to join Pyongyang in opening up a bright future for bilateral ties, and lastin

上海419论坛女神会所g peace and common prosperity in the region.Recalling the 70 years of the China-DPRK relationship, Xi hailed the tr

aditional friendship as a shared, valuable asset forged and passed along by leaders of elder generations of both co上海419论坛

untries, saying that the friendship has remained strong and vigorous despite constant changes.

With the advent of the Ultra HD era characterized by enhanced set-top boxes, ever-evolving virtual realit上海419论坛

y technologies, and display devices nearly all with an aspect ratio of 16:9 – when many of the original classical TV and film pro

上海419论坛女神会所ductions made with the 4:3 aspect ratio – they now look like “running mosaics” on today’s much wider screens.

To top it all, due to multiple transfers of the original video file over the years, the edges of picture have become serrated. Plus, sto

red for decades, negatives of those classic shows have all been subject to severe color shift that calls for correction.

The good news is that digital restoration of classical TV dramas spearheaded by China’s top video streaming websites, like Youku and iQiyi, is now in full swing.上海419论坛女神会所

Protecting and restoring old films has always been under way, but previously the job was mainly funded by the government. By the end of 2011, as much as

265 million yuan ($38.6 million) had been appropriated for digital restoration work, giving a new shine to a total of 4,810 old fi上海419论坛

lms, said Luo Jianhui from China Netcasting Services Association at the 7th China Internet Audio-visual Conference held in May.

Luo also noted that internet companies are the new force in this endeavor. Youku started its digital restoration project in 2017, with many re

上海419论坛女神会所sults. Earlier this year, iQiyi also launched its own restoration project featuring the use of ZoomAI, a vi

deo-enhancing solution devised by the company, to restore and remaster 50 select TV dramas.

Before the adoption of new technologies, restoration of the old works, most often in lower resolution, was done manually and it to

ok a day to restore a 40-minute-long episode. Now, iQiyi’s ZoomAI software, comprising algorithm modules such上海419论坛女神会所

as color enhancement, sharpening, and white balance, can restore a high resolution feature film in just one hour

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Huateng, fo上海夜生活ealizing free movid restricand ch

vement across t上海夜生活he GBA. Ma Huateng, founder and chief executive of Tencent, believes rigid restrictions on the flow of talents in the GBA has prev

    、

ented Hong Kong companies from hiring people from the mainland and has raised the idea of a GBA ID card, which wou上海夜生活

ld allow Hong Kong and Macao residents to save their “mainland travel permit” information on their mobile pho

上海夜生活女神会所nes to give them greater mobility plus access to services such as mobile payments.

Talents who can speak three languages needed

What we are seeing now is a real demand for trilingual cand上海夜生活品茶微信idates who sp

eak English, Mandarin and Cantonese. They are essential to facilitate cross-border cooperation. Eventually the regi

on should be more open in order to bring in global talents to support the development, which is happening now. Bu

上海夜生活t we are seeing a high demand for returnees who have studied and/or worked in Western countries.

The rerun of restored classic TV dramas backed by some promotional campaigns on v

ideo-streaming sites has borne fruit. For example, the restored version of the 2010 TV h上海夜生活女神会所

istorical comedy-drama, Li Wei the Magistrate 3, on Youku has gained surprisingly high views that are mainly f

上海夜生活rom the fans of actress Zhao Liying, as the show starred their idol long before she joined the A-list.

During this year’s Spring Festival holiday, iQiyi released 25 restored classical works, like The Kan上海夜生活

gxi Dynasty and garnered massive views. So to tap the huge potential of the summer season, Youku has set up the “HD C

上海夜生活lassic” section featuring 1,000 restored classic film and TV productions in 1080P resolution.

Conductor Yu Long chose Chinese composer Chen Qigang’s violin concerto, La Joie

de la Souffrance (The Joy of Suffering) to appear on his new album wit上海夜生活

h the Shanghai Symphony Orchestra, Gateways. But Yu’s first encounter with Chen was not exactly harmonious.

Yu wanted to perform one of Chen’s compositional works during the上海夜生活女神会所

Beijing Music Festival, an annual classical music festival held in the capital, which Yu fou

nded in 1998 and of which he was artistic director from 1998 to 2018. However, Chen said no. Instead, the c

omposer floated the idea of having a concert where the repertoires were all written by him.上海夜生活

“Usually a concert featuring work written by one composer is held to commemorate them after death. It did not seem like a good

idea to me back then,” recalls Yu. “However, after listening to Chen’s work, I changed my mind. The concert was su上海夜生活女神会所

ccessful and I told Chen immediately after the concert how touched I was by his music.”

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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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