The riots have become 新亚博体育注册会所iolent. The police ha

But this is also an exact description of the rising violence between two bitterly distrustful religious communities that I witn

essed on the streets of my native Belfast in British-ruled Northern Ireland exactly-uncannily-half a century ago as a te新亚博体育注册会所

enager in that unforgettable, agonizing August of 1969. The lessons I learned then would serve the people of the H

新亚博体育注册会所品茶微信ong Kong Special Administrative Region well today before they bring an unimaginable disaster upon themselves.

Violent protests against authorities never bring peace. They only bring war, destruction

and suffering-almost always on a scale that none of the demonstrators could have imagined when they took to the新亚博体育注册会所

streets. Prosperity never follows violent protests. At best, there is mass unemployment and despair as local bu

sinesses and national investment flee the territory-a process which could continue for decades. You do not build fac新亚博体育注册会所品茶微信

tories and hire workers when those factories could be razed in one of the endless clashes.

The “freedom” the demonstrators in Hong Kong have been demanding is illusory. It is fool’s gold. It is the mythical pot o

新亚博体育注册会所f gold at the end of the rainbow. This kind of “freedom” will never benefit the people of Hong Kong. At best it could be gra

nted, but at the cost of a serious decline in investment from both the Chinese mainland and other regions of Asia.

Hong Kong’s enormous advantage for decades, including the past two decades under Chinese a新亚博体育注册会所品茶微信

utonomous rule, has been that it is considered a secure, predictable and safe place to do business wit

h the mainland and with the wider region. But that no longer seems true. The longer the protests rage and the wi新亚博体育注册会所

der and more serious they become, the more that incalculable advantage will be eroded.

When I was a young boy, Belfast was still the largest ship building center on earth. In the late新亚博体育注册会所品茶微信

1960s, the British government invested in two gigantic gantry cranes called Goliath and Samson-at the time the

largest such pieces of machinery in the world-to build super oil tankers. They still stand today as tourist attr

新亚博体育注册会所actions, looming 32 and 35 floors high over the city. But they were never used industrially. Not once. The N

orthern Irish Civil War (known with masterly understatement as “The Troubles”) saw to that.

The great shipyard that at its peak employed 35,000 workers became an indust新亚博体育注册会所品茶微信

rial wasteland peopled only by ghosts. Even after peace finally returned to Northern Ir

eland, after 30 years of civil strife, the great complex on Queen’s Island never recovered, never revived.

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Both China and Japan 新亚博体育注册会所 building a relations

onship that meets the requirements of the new era,” it said.

The resumption of the China-Japan strategic dialogue is a key sign that Beijing an新亚博体育注册会所

d Tokyo have pushed forward their bilateral relations on the right track and forged closer ties, said Lu Hao, a re

新亚博体育注册会所品茶微信searcher at the Chinese Academy of Social Sciences’ Institute of Japanese Studies.

Official exchanges and communication mechanisms, including the strategic dialogue, were suspended after the two cou

ntries became mired in a dispute over China’s uninhabited Diaoyu Islands in the East China Sea.新亚博体育注册会所

Lu said the strategic dialogue mechanism plays a vital role for the two neighbors, especial

ly as they are both facing unprecedented conditions and a rapidly changing global environment.

新亚博体育注册会所品茶微信”The dialogue not only focuses on improving bilateral ties but also touch

es on some of the important regional and international issues of common interest,” Lu

said, adding that boosting mutual understanding and cooperation between China

and Japan, the world’s second-and third-largest economies, helps promote regional stability and prosperity.新亚博体育注册会所

On Friday, while meeting with Japanese Foreign Minister Taro Kono, Le, the vice-minister, said China and Japan should k

eep up the positive momentum brought by the improved ties and enhance short-term goals while strengthening long-term ones.

Describing the meeting in Osaka between Xi and Abe as fruitful, Kono said Japan is expecting a state visit by Xi next spring and i新亚博体育注册会所品茶微信

willing to work with China “in various fields and face global challenges shoulder to shoulder”.

Zhou Yongsheng, a professor and deputy director of the Ja

panese Studies Center at China Foreign Affairs University, said, “As Sino-J新亚博体育注册会所

apanese relations have shown signs of warming in recent years, both

新亚博体育注册会所品茶微信countries should cherish the momentum and build new relations featuring a shift from

competition to collaboration under the guidance of the strategic dialogue mechanism. Prom

oting Sino-Japanese ties will benefit the peace and prosperity of Asia and improve global governance.”

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In the Shanghai nati 新亚博体育注册会所oarding circle grew t

?to encompass peers across the nation after traveling to Hebei province’s Qinhuangdao to attend a domestic skate

?新亚博体育注册会所boarding contest sponsored by the American company Powell Peralta-the first skateboard brand to set up in China in 1990.

The company ran a retail store in Qinhuangdao selling impo?新亚博体育注册会所品茶微信

rted pro boards and high-quality parts like decks, trucks and wheels, meanwhile di

stributing monthly mimeographed fliers to its customers to share the latest skateboarding news.

?新亚博体育注册会所That’s how I found out about the skateboarding contest,” recalls Han. “I was

really surprised and excited to see skateboarders from across the country show up at the event.”

After the unprecedented gathering, the first generation of Chinese skaters began to explore way?新亚博体育注册会所品茶微信

s to promote the culture across the country, including opening local skateboard stores, filming videos a

nd setting up online communities and media events to share news related to the sport.

?新亚博体育注册会所Han, then a salesman at a leading dairy producer, decided to quit his stable job and start a ska

teboarding business. In 1999 he opened Shanghai’s first skate shop selling boards and accessories, in

cluding sneakers, clothing and other gear. Three years later, he launched his own skateboarding brand.?新亚博体育注册会所品茶微信

Then, around the turn of the century, major sk

ateboarding companies also began to arrive in China, one after another, b

?新亚博体育注册会所品茶微信y cooperating with skateboarding shops, sponsoring skaters and organizing standardized contests.

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More than volunteers h新亚博体育注册会所n recruited so far for the

econd-phase trial, and the initial work is underway at a hospit

al in Beijing and another hospital in Hangzhou, Zhejiang province, he said.新亚博体育注册会所品茶微信

Chuang Chuang, who runs Hangzhou Sunflower, a charity organiz

新亚博体育注册会所ation promoting LGBT rights that helped recruit volunteers in Hangzhou, said more

than 100 volunteers had approached the organization to register after hearing about the second-phase trial.

“Some of them were disqualified after our selection process, and the rest were referred to新亚博体育注册会所品茶微信

the hospital in Hangzhou,” he said. “They must pass physical tests before formally becoming volunteers.

新亚博体育注册会所品茶微信”Most of the volunteers I know are students or (other) young men. Some signed up initially, but withdrew after b

eing informed they would have to participate the whole trial, which lasts nearly two years.

Nuan Yang, a volunteer from Hangzhou, said he registered throug新亚博体育注册会所

h the organization as soon as he heard about the second-phase trial.

新亚博体育注册会所”品茶微信I hope to see the vaccine available for us as early as possible. Although HIV can be controlled and AIDS is almost a chronic dise

ase now, many people with HIV are living under heavy pressure and have to endure discrimination from others,” he said.

“If a vaccine is available to prevent the infection, fewer people will fear HIV and discriminate against carriers.”新亚博体育注册会所品茶微信

Shao said developing HIV vaccines was much harder than developing vaccines for other diseases because of the co

新亚博体育注册会所nstantly evolving nature of HIV, but progress has been made around the world in the past decade.

“AIDS is one of the most serious threats to human health, and we s新亚博体育注册会所品茶微信

hould never lose faith we will conquer it, even though it is very difficult,” he said.新亚博体育注册会所

The number of people living with HIV in China was estimated at around 1.25 million at the end of last year, and about

80,000 people become infected each year, according to the National Health Commission.

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As for China, US seclu新亚博体育注册会所ans scientific fields that r

t rely heavily on importation of advanced equipment will be affected the m

ost. “The silver lining of US pressure is that China will be forced to innovate and be self-suffi新亚博体育注册会所

cient,” Pan said. “The US cutting off exchanges will slow us down a little, but will not stop our strides for progress.”

新亚博体育注册会所品茶微信Given the uncertainty of the situation, scientists and scholars around the world fear that the worl

d will be divided into two major blocs, like during the Cold War. “Splitting the world into two syst

ems and hyping the clash of civilizations will be disastrous for all humanity,” Pan said.新亚博体育注册会所

“The current international systems were mostly put in place after World War II, but this world

新亚博体育注册会所品茶微信order did not anticipate the astonishing rise of China,” he said. “As a result, some norms within the current glob

al systems must change in order to accommodate the new dynamics, a process in which China is willing to help.”

China has been slowly and sincerely contributing its own standards

and knowledge to global governance, especially in regard to the social impact and新亚博体育注册会所

governance of artificial intelligence, biosciences and other emerging technologies, Pan said.

新亚博体育注册会所”China is not a disrupter, but a contributor to the current world order,” he said.

China’s economic growth weakened to 6.2 percent year-on-year in the second quarter, but remained stable on the wh

ole in the first half of this year at 6.3 percent, according to data released by the National Bureau of Statistics on Monday.新亚博体育注册会所品茶微信

The country’s industrial output rose by 6.3 percent year-on-year i

n June, compared with 5 percent in the previous month, official data showed.

But in the first half of this year, industrial output growth dropped to 6 percent, down from 6.5 percent in the first quarter.新亚博体育注册会所品茶微信

Fixed-asset investment growth was 5.8 percent in the first six month

s combined, compared with 6.3 percent in the first quarter, according to the NBS.

Retail sales increased by 8.4 percent year-on-year in the first hal新亚博体育注册会所

f of this year, compared with 8.3 percent in the first quarter, the data showed.

Production rises 34.6 percent for new energy vehicles and 20.1 percent for solar cells year-on-year in H1, the NBS said.新亚博体育注册会所品茶微信

The bureau said that growth remained on track despite increasing external uncertainties and new downward growth pressure.

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Luo also noted that inte新亚博体育注册会所mpanies are the new

?this endeavor. Youku started its digital restoration project in 2017, with many results. E

arlier this year, iQiyi also launched its own restoration project featuring the use of ZoomAI, a video-en新亚博体育注册会所

hancing solution devised by the company, to restore and remaster 50 select TV dramas.

新亚博体育注册会所Before the adoption of new technologies, restoration of the old works, most often in lower resolution, was done manually and it

took a day to restore a 40-minute-long episode. Now, iQiyi’s ZoomAI software, comprising algorithm modules suc

h as color enhancement, sharpening, and white balance, can restore a high resolution feature film in just one hour.新亚博体育注册会所

The restoration process starts with scanning the film negatives or prints into a digital pict

新亚博体育注册会所品茶微信ure and raw sound format. Then each frame of the scanned material undergoes an automated digital res

oration process that involves the correction of color, brightness, and contrast. The process also involves the dig

ital removal of scratches and unnecessary noises, restoration and remastering of sound, said Liu Junhui, a senior director from iQiyi.新亚博体育注册会所

Even with the aid of AI technologies, digital restoration of old productions is no mean fea

新亚博体育注册会所品茶微信t, as increasing the image resolution is one thing, but restoring its original texture is quite another, which requ

ires technologies, as well as a craftsmanship spirit. For instance, 30-plus members of the Youku digital res

toration team worked for as long as a month to fully restore the 1983 megahit,?The Bund.

“Our team has made various attempts to enhance audiences’ viewing experien新亚博体育注册会所

ce. If only the definition is increased through transcoding, audiences may feel that the im

ages have been doctored through filters. So we went to great lengths to restore the texture that is unique to the pe

riod when the classical series was shot,” said Guo Linna, a senior visual optimization engineer from Youku. 新亚博体育注册会所品茶微信

Though Youku’s digital restoration team is made up of no more than 40 members who

do not work full time, every week it can restore 100-plus episodes of old TV dramas.

Speaking of her original motivation, Guo said that she chose to restore those old TV series because on the one hand, she wa

新亚博体育注册会所品茶微信nted the post-80s generation to have better access to recalling childhood memories, and on the other hand, she wan

ted the younger generation to gain new experience through watching these classic works.

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panding market access 新亚博体育注册会所 new growth avenues

Yunnan student on Friday was allowed 30 percent extra time in the natio

nal college entrance exam, or?gaokao, due to her physical disability, local media has reported.新亚博体育注册会所

This is the first reported case of such an allowance in the province.

新亚博体育注册会所品茶微信Xu Ruiyang, who lives with spinal muscular atrophy, is confined to a wheelchair and writes slower than other students.

Authorities approved extra time for her, in a bid to let her operate on the same level as her classmates.

Premier Li says a ‘special difference’ can spur market vitality and jobs新亚博体育注册会所

China will issue more measures to further implement the country’s innov

ation-driven development strategy and incentivize business startups and innovation nationwide, the State

新亚博体育注册会所品茶微信Council’s executive meeting chaired by Premier Li Keqiang decided on Wednesday.

Global retail giant Walmart Inc is planning to further increase its investment in th

e Chinese market after opening a mega perishable products distribution center in South China’s Guangdong province in March.新亚博体育注册会所品茶微信

The US-based multinational said on Monday it would spend around 8 billion yuan

新亚博体育注册会所($1.16 billion) over the next 10 years to build or upgrade over 10 distribution centers to boost online

and offline businesses to meet Chinese customers’ demand for fresh goods and convenient services.

The investment plan came a day after China released a revised list of industries for foreig新亚博体育注册会所品茶微信

n investment, which includes logistics of ordinary goods, cold chain logistics for fresh agricultural goods and special medicines.

Walmart is looking for sustainable and quality growth in the Chinese market and the revised

新亚博体育注册会所品茶微信foreign investment list further supports its investment plan for upgrading local logistics

supply chains, said Ryan McDaniel, senior vice-president of supply chain with Walmart China.

Along with the catalog, two shortened negative lists were also rolled out.新亚博体育注册会所

The two lists, one for pilot free trade zones and one for the rest of the country, contain fe

wer access-limiting measures. Pilot FTZs now have 37 items that are restricted for foreign inv新亚博体育注册会所品茶微信

estors, down from 45, while non-FTZ areas are required to implement 40 items instea

d of 48.The negative lists outline sectors that are restricted to foreign investment.

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On the other hand,新亚博体育注册会所he past, the Fed now has t

to take the delayed effect of balance sheet reduction conducted earlier into its consideration of rate cuts. The current phase-out of balanc

新亚博体育注册会所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.新亚博体育注册会所

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新亚博体育注册会所

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

新亚博体育注册会所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.新亚博体育注册会所品茶微信

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新亚博体育注册会所品茶微信

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新亚博体育注册会所品茶微信

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.

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ge group callisthenics and 新亚博体育注册会所品茶微信s held at the May

Xi and his wif新亚博体育注册会所品茶微信g Liyuan, were greeted by Kim and

his wife, Ri Solju, at Pyongyang Sunan International Airport upon their arrival.

Under Chinese and DPRK national flags and large welcome banners, nearly 10,000 people

lined up at the airport, waving flowers and chanting cheerful slogans to greet the Chinese guests.

Following a grand welcoming ceremony complete with a 21-gun salute, Xi headed to the square of

the Kumsusan Palace of the Sun, where he became the first foreign leader to receive a salute at the hi

ghly symbolic site. Hundreds of thousands of people lined up along the road from the airport, waving flags and flo

wers and chanting “Long Live the China-DPRK Friendship” and other slogans to welcome Xi.

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Analysts attending the symposium said more efforts ar

?needed to tight新亚博体育注册会所品茶微信en export controls and establish a review mechanism that keeps track of whole processes of rare earth exports.

China, the world’s largest producer of rare earths, currently produces around 80 percent of the world’s supply of the metals.

The NDRC said in late May that China is willing to continue supplying rare

earth metals to global markets, but is opposed to those who use products made with Chi

nese rare earths to “suppress and dampen China’s development”.The 19th National Congress of the Communist Party

of China in October 2017 advocated that China would be developed into a modern socialist country that is prosp

erous, strong, culturally advanced, harmonious and beautiful by the middle of this century. But some in the United States c

onsider China’s resolve to develop itself into a prosperous and strong country as a matter of concern.

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