?starboard side of the officer’s quarters, where the captain’s quarters were,” he said. “The captain’s
bathtub is a favorite image among?Titanic?enthusiasts, and that’s now gone. That whole deck hole on that澳门真人线上亚博担保网会所品茶微信
side is collapsing, taking with it the staterooms, and the deterioration is going to continue advancing.”
He said the sloping lounge roof of the bow section would probably be the next part to be
澳门真人线上亚博担保网会所lost, obscuring views of the ship’s interior. “The?Titanic?is returning to nature,” he added.
The?Titanic, built by Belfast’s Harland and Wolff shipyard, sank after hitting an iceberg on her maide
n voyage from Southampton to New York in 1912, resulting in the deaths of more than 1,500 people.澳门真人线上亚博担保网会所品茶微信
The team of experts and scientists captured the first ultra-high definition 4K quality images using specially adapted cam
eras, and their research will help assess the wreck’s current condition and project its future, as well as making it pos
sible to visualize the wreck using augmented reality and virtual reality technology.澳门真人线上亚博担保网会所
Lori Johnson, a scientist on the project, said: “The future of the wreck is going to continue to deteriorate over time, it’s a natural
process. These are natural types of bacteria, so the reason that the deterioration process ends up being quite a bit
澳门真人线上亚博担保网会所品茶微信faster, is a group of bacteria, a community working symbiotically to eat, if you will the iron and the sulfur.”
Vescovo, a submersible pilot, said: “It’s a big wreck, I wasn’t quite prepared for how large it was. It was extraordinary to see it all, an
d the most amazing moment came when I was going along the side of the?Titanic?and the bright lights of the submers澳门真人线上亚博担保网会所
ible reflected off a portal and came right back, it was like the ship was winking at me. It was amazing.”
he Mid-Autumn Festival, an annual celebration of togetherness when the moon is at its fullest, is right around the corner, on
Sept 13, which means shop shelves will soon be teeming with a dazzling array of mooncakes.澳门真人线上亚博担保网会所品茶微信
This year, a new offering of the traditional pastry
will make its debut and test how Chinese consumers react to the faux meat craze that has overtaken some countries.
?to encompass peers across the nation after traveling to Hebei province’s Qinhuangdao to attend a domestic skate
?澳门真人线上亚博担保网会所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?澳门真人线上亚博担保网会所品茶微信
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.
?澳门真人线上亚博担保网会所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?澳门真人线上亚博担保网会所品茶微信
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.
?澳门真人线上亚博担保网会所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.?澳门真人线上亚博担保网会所品茶微信
Then, around the turn of the century, major sk
ateboarding companies also began to arrive in China, one after another, b
?澳门真人线上亚博担保网会所品茶微信y cooperating with skateboarding shops, sponsoring skaters and organizing standardized contests.
?which provides support to Guangdong province and the Guangdong-Hong Kong-Macao Greater Bay Area. It is an impo
rtant platform to deepen cooperation between China and Singapore,” noted Heng Swee Keat, Singa?澳门真人线上亚博担保网会所品茶微信
pore’s deputy prime minister and finance minister, when he and his team visited CSGKC in May.
?澳门真人线上亚博担保网会所With joint effort, the CSGKC maintains growth and embodies
ecological protection. The combination will attract professionals, he added.
Greeting Heng’s delegation, Zhang Shuofu, Party secretary of Guangzhou, said th?澳门真人线上亚博担保网会所品茶微信
at the two sides will deepen cooperation in scientific innovation, emergin
?澳门真人线上亚博担保网会所g industries, education, culture and ecological environment. They will also promote the collaboration of indust
ries and smart cities, to build the CSGKC into a highland of knowledge innovation.
Designated as a major innovation platform in the Bay Area, the CSGKC has gained much development in nine years.?澳门真人线上亚博担保网会所品茶微信
According to official statistics, the CSGKC has attracted 1,524 companies with registered capital totaling 133.4 billion yuan
($19.39 billion). It also completed investments in fixed assets worth 106.2 billion yuan.?澳门真人线上亚博担保网会所
Among them are CanSemi Technology, a 12-inch wafer chip supplier to be operational soon, equipment manufa
?澳门真人线上亚博担保网会所品茶微信cturer Greatoo Intelligent Equipment, biopharmaceuticals company BeiGene and other big names.
Collectively, they have launched 165 projects – 48 of w
hich are under construction – with a total investment of 77 billion yuan.?澳门真人线上亚博担保网会所品茶微信
Cooperation with international companies is boosting the development of the biomedicine industry in the CSGKC.
Earlier this month, the CSGKC administrative committee signed an agreement with Tessa Therapeutics in Sin?澳门真人线上亚博担保网会所
gapore for the latter to set up its China pharmaceuticals headquarters. The agree
?澳门真人线上亚博担保网会所品茶微信ment focuses on the research and development, production and sales of innovative immunotherapy.
Tessa will invest $120 million in the project. They will set up teams to launch clinical tests and strengthen the biomedic?澳门真人线上亚博担保网会所品茶微信
al innovation chain in Guangzhou, according to Andrew Khoo, co-founder and CEO of Tessa.
?war is intensifying within the US. For example, the US Chamber of Commerce – one of the country’s most powerful bu
澳门真人线上亚博担保网会所siness lobbies – has called for the reversal of all tariffs imposed over the past two years.
The effects of the trade war have already spread to cross-border investment
. In recent years, rising Chinese production costs have driven many foreign enterp澳门真人线上亚博担保网会所女神会所
rises – and, increasingly, even Chinese enterprises – to relocate their operations to lower-cost countries such as
Vietnam and Thailand. The trade war is accelerating this process. According to the Vietnamese government, inward for
澳门真人线上亚博担保网会所eign direct investment increased by nearly 70 percent year-on-year in the first five months of 2019, the highest such i
ncrease since 2015. Meanwhile, the growth of US investment in China is slowing.澳门真人线上亚博担保网会所女神会所
Essential to improve investment environment
澳门真人线上亚博担保网会所The US administration wants American companies to leave China. It is u
p to China to persuade them to stay. That means improving the local investment envi
ronment, including responding to foreign companies’ justifiable complaints – say, by strengthening intellectual p澳门真人线上亚博担保网会所
roperty rights protection – and, more broadly, better adhering to World Trade Organization rules.
But the pressure on China does not end there. The US is also eager to exclude the count
澳门真人线上亚博担保网会所女神会所ry’s high-tech companies from global value chains. Trump recently announced that he would allow US co
mpanies to continue to sell to Chinese high-tech giant Huawei, after a months-long campaign against the company. But it r
emains highly unlikely that the US administration – which reversed a similarly aggressive policy toward sm
artphone company ZTE last year – will abandon its efforts to strangle China’s high-tech industries.澳门真人线上亚博担保网会所女神会所
China has three options. First, it could accede to US pressure to disengage from global value chains. Second, it could remain
committed to integration, hoping that, thanks to existing interconnections, sanctions on Chinese high-tech com澳门真人线上亚博担保网会所
panies will also hurt their US counterparts (such as Qualcomm) enough for the US administration to back d
澳门真人线上亚博担保网会所女神会所own. The third option is to focus on supporting domestic high-tech companies’ effo
rts to strengthen their own positions within global value chains and develop contingency plans.
to take the delayed effect of balance sheet reduction conducted earlier into its consideration of rate cuts. The current phase-out of balanc
澳门真人线上亚博担保网会所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.澳门真人线上亚博担保网会所
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澳门真人线上亚博担保网会所
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
澳门真人线上亚博担保网会所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.澳门真人线上亚博担保网会所品茶微信
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澳门真人线上亚博担保网会所品茶微信
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澳门真人线上亚博担保网会所品茶微信
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.
The foreign secretary, Hunt, has proposed reducing the rate of corporation tax paid b
澳门真人线上亚博担保网会所y companies to 12.5 percent, matching the rate in Ireland among the lowest of any major economy.
The institute disputed the claims of some low-tax advocates that the policy would pay for itself by d
riving up company investment and encouraging overseas companies to locate in Britain.澳门真人线上亚博担保网会所
More than 1,000 items of military equipment including some of the most advanced weapons and concepts are being exhibited at the Army-2019 Military an
d Technical Forum this week in Kubinka, Russia, a city about 60 kilometers west of Moscow.澳门真人线上亚博担保网会所品茶微信
More than 1,500 enterprises and organizations are in attendance at the show, which features nearly 27,000 products and technologies. It will last until Sunday.
“This year we’ve invited delegations from over 100 countries to take part in ARMY-2019. Official meetings will be held with 70 of them on the sidelines of the forum. … The level o
澳门真人线上亚博担保网会所品茶微信f representation of partner countries is quite high this year: Over 30 of them are headed by defense ministers, their deputies and chiefs of the general st
aff,” said Sergey Chemezov, CEO of Rostec, Russia’s state-owned company that specializes in the defenses and military high-tech industries.
Paul Johnson, director of the IFS, said cutting corporation tax, and another promise made by H澳门真人线上亚博担保网会所品茶微信
unt to raise defense spending, would “leave no scope to relieve the pressure on other areas of pub澳门真人线上亚博担保网会所
lic spending without tax rises, or a fiscal stance which risked putting debt on a rising path”.
Both Conservative leadership contenders announced this week they will bring down the barriers to talented overseas workers.
Johnson said he would make the UK “much more open” to high-skilled migrants such as scientists, while Hunt prom
ised to scrap the immigration target of keeping net migration below 100,000, which has never been met.
Hunt said: “We’re not going to be a country that changes from Little Britain int
o Little England and pulls down the shutters and says ‘Foreigners not welcome’.”
hina Petrole澳门真人线上亚博担保网会所品茶微信um and Chemical Corp, the world’s larg
est refiner by volume, has agreed to establish a joint venture with Russia’s Novatek and Gazp
rombank to market natural and liquefied natural gas (LNG) in China, Sinopec said on Thursday.
The agreement, which aims to sell LNG produced by Novatek in the Arctic, was signed fo
llowing talks in Moscow between Russian President, Vladimir Putin, and Chinese President, Xi Jinping.
The agreement will be of considerable economic and social benefit an
d will further diversify China’s natural gas imports, while meeting ever-increasing ga
s demand in the country, said Dai Houliang, China Petrochemical Corp president.
tain a breakneck pace of economic development, which has brought booming economic prosperity.
Unfortunately, it has also brought a deteriorating environment. Seeing heavy smog, for ex
ample, many people feel that a worsening environment will destroy the happiness brought by economic growth.
Since 2012, the new leadership under President Xi Jinping has put forward a series of ecol
ogical ideas. On Sunday, Xi said at the opening ceremony of the exhibition that “green mountains and cle
ar waters are indeed mountains of gold and silver, and environmental improvement means great productivity”.
This idea, dubbed the theory of two mountains, enjoys immense popular support in China.
Xi, who is also general secretary of the Central Committee of the Communist Party o
f China, urged officials at all levels never to sacrifice the environment for economic growth.