in the first seven mon 压博娱乐登入开户龙凤1314Given the widenin

ing gap between increased spending and the slower expansion of income, some local governments, especially at the co

unty level, are facing fiscal pressure. But the central government will transfer more funds to local go?压博娱乐登入开户龙凤1314女神会所

vernments to ensure stable fiscal spending and further implement tax and fee cuts, the ministry said.

?压博娱乐登入开户龙凤1314By the end of July, local governments had issued 2.55 trillion yuan in new b

onds for the year, accounting for 82.8 percent of the annual quota of 3.08 trillion yuan.

A quota of 2.15 trillion yuan for local governments’ special bonds-mainly meant to s?压博娱乐登入开户龙凤1314

upport infrastructure projects-had been 65 percent used up by the end of July, the Ministry of Finance said.

Market speculation is that there will be additional bond quota space to bolster fiscal spending in coming months. But a seni?压博娱乐登入开户龙凤1314女神会所

or official at the Financial Department of the Ministry of Finance said in an interview this week: “It is unlik

?压博娱乐登入开户龙凤1314ely that the government will raise the quota for local government bonds, or for the special bonds.”

Local government special bonds are seen as an important measur

e to support infrastructure investment, and they also are not included in local?压博娱乐登入开户龙凤1314

budgeted debt. The annual quota was set by the Government Work Report in March.

About 1.55 trillion yuan in local government special bonds had been iss?压博娱乐登入开户龙凤1314女神会所

ued in the first half, the Ministry of Finance said. The remaining 600 billion yuan

issuance must be finished by September-a State Council requirement to speed financing for key projects.

China should have an expansionary and much stronger fiscal policy in order to inc?压博娱乐登入开户龙凤1314

rease public spending and prevent a further slowing of economic growth, said Yu Yo

ngding, a senior economist at the Chinese Academy of Social Sciences. Yu spoke at a recent forum.

The fiscal deficit ratio, which may surpass the government target of 2.8 per?压博娱乐登入开户龙凤1314女神会所

cent of GDP this year, should be compensated by issuing more central government

bonds, said Yu, who also suggested the central bank lower interest rates for the bond issuance.

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“I think there are advantages and opportunities on b

oth sides if we can get people to sit down and really look at how do we put these pieces together,” Holden said.

He listed infrastructure, energy, education and business-to-business relationships as potential areas of coope

ration between China and the US, and he suggested such cooperation could start from subnational bilateral exchanges.

“It’s so important to be working at the state and local level. Because in that fashion, by buildin

g these relationships now, hopefully we get a more stable relationship nationally going forward,” said H

olden.hina’s relevant government department decided to open an investigation into US shipping company Fed

Ex, for suspected infringement of Chinese customers’ legitimate rights and relevant laws and regulations.

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The legacy plan for the Olympic and Paralympic Win

ter Games was unveiled in February. Plans aim to optimize the

venues’ designs and operations to be beneficial to the hosting regions after 2022.

“Here, you have the venues from 2008 that are going to be used in 2022 for a complete set of winter sports. This is a wonde

rful legacy story,” said Juan Antonio Samaranch, vice-president of the International Olympic Committee.

Powering all the 2022 venues using green energy while minimizing environmental impacts, while

planning for their post-Games operations, are key in venue preparation this year, Liu said.

To support the preparations financially, Beijing 2022 has signed nine domestic market

ing partners and four second-tier sponsors, while the Games’ licensing program, whic

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Ministry: No winners in China-US trade wartrade war, and C

There is no winner in a trade war, and China hopes to solve the issue through dialogue rather than unilateral mea

sures, said Gao Feng, Commerce Ministry spokesperson at a news conference on Thursday.

The two countries should meet each other halfway and resolve problems through cooperation and discussion, Gao said.

Qin Guangrong, former Party chief of southwest China’s Yunnan Province, is being investigated for suspe

cted serious violations of Party disciplinary rules and laws, according to the country’s top anti-graft body Thursday.

Qin is being investigated by the Communist Party of China Central Com

mission for Discipline Inspection and the National Supervisory Commission.

He voluntarily surrendered.The peaceful resolution of Sino-US tra

de tensions is the expectation of the whole world, the spokesman added.

www.chitudoudemao.cn

Balancing growth with structural reformting perform

After a disappointing performance in 2018, China’s economy appears to be stabiliz

ing. In the first quarter of 2019, GDP growth, at 6.4 percent year-on-year, matched that of the previous quarter. But grow

th in industrial production exceeded expectations, expanding by 6.5 percent year-on-year (and by 8.5 percent in Mar

ch). Even exports growth was positive, albeit weak, despite the ongoing trade frictions with the United States.

Moreover, fixed-asset investment (FAI) grew by 6.3 percent-0.2 percentage points higher than in the previous quar

ter. Investment in real estate grew the fastest (11.8 percent), followed by manufacturing (4.6 percent) and in

frastructure (4.4 percent). The growth of investment both in real estate and infrastru

cture was stronger not only sequentially, but also year-on-year. As usual, consumption growth was stable.

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This so disappointed and frustrated it that it has begun

?question whether the US is really trying to improve the DPRK-US relationship and it is wondering whe

ther its previous steps to promote engagement with Washington were the right thing to do.

In what was the most comprehensive review of Pyongyang’s recent i

nteraction with Washington, the DPRK leader put the ball decisively back in Was

hington’s court after the US president floated the idea of a third summit on Thursday.

Washington maintains unabated zeal for a deal of some sort, because ot

herwise the engagement with Pyongyang since last year

would be regarded as failure. So, more likely than not, it will try to find a way to keep the possibility of a summit alive.

But the “correct manner” Pyongyang demands is Washington forsaking its “max

imum pressure” and demonstrating sufficient goodwill by relieving, or completely rollin

g back, sanctions, putting an end to the state of war, or, even better, offering economic incentives.

www.chitudoudemao.cn

China is willing to work with New Zealand to enable

their bilateral relations to continue to play a pioneering role in China’s relations with the West, he added.

Xi also called on both sides to step up mutual understanding, trust

and respect each other’s core interests and major concerns with an open, inclusive spirit.

Xi added that China welcomes New Zealand to take part in building the Belt and Road.

He also urged greater bilateral cooperation in international affairs, jointly pro

moting the development of an open world economy and safeguarding multilateralism and the multilateral trading regime.

China has prioritized coping with the challenges of the climate change and is willing to wo

rk with New Zealand to jointly promote the sustainable development of Pacific island countries, he said.

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Mikaela Shiffrin extends record run as Marcel Hirscher hints

  She’s ski racing’s undoubted new queen, but Mikaela Shiffrin finished the

slalom season in regal fashion with victory in the final race in Andorra.

  The 24-year-old clinched her 16th win of a record-breaking season

Saturday to take her tally to 59 World Cup titles overall.

  The victory was also her 40th slalom win to equal the record of Swedish great

Ingemar Stenmark, who heads the all-time list with 86 World Cup wins.

  Overall champion Shiffrin, who topped the slalom standings from Slovakia’s P

etra Vlhova and Swiss Wendy Holdener,

is hot favorite to clinch the giant slalom crystal globe Sunday.

  The American has a 97-point lead over Vlhova, with 100 points available to the winner in Andorra.

  Shiffrin, who passed Vreni Schneider’s mark of 14 wins in a season

earlier this month, could become the first skier — mal

e or female — to win the World Cup title in overall, slalom, giant slalom and the

faster super-G discipline in the same season.

  She secured a third straight World Cup overall crown earlier this season and first super-G c

rystal globe to add to a fourth consecutive slalom world title in Sweden last month. She also won super-G gold in Are.

changjiucf.cn

Modi’s visit to disputed region imperils thaw in ties

Recently, China and India were engaged in a jagged excha

nge of words over Modi’s visit to South Tibet, a mountainous region under substantial dispute b

etween the two Asian giants. Although China’s stance on the boundary issue is cons

istent and crystal-clear that it has never recognized the so-called “A

runachal Pradesh” and is firmly opposed to any Indian leaders’ presence there, it was Modi who has repeatedly touched the raw nerve.

Such exchange – though it has happened in the past during China’s Spring Festivals in February 2015 and February 2018 – is p

articularly noteworthy: Modi’s latest visit followed the in

formal leadership summit in Wuhan in April 2018 which was widely seen as the key effort

from both sides to improve diplomatic ties and rebuild trust since the 73-day-long armed standoff in Doklam.

Such actions by Modi would inevitably affect the progress

ade by both sides, further complicating the boundary issue and exacerbating mutual suspicion.

Modi’s recent presence in South Tibet was largely driven b

y electoral considerations, aimed at mobilizing support for Bharatiya Janata Party (BJP) ahe

ad of the general elections, which are due in India in April and May 2019 to constitute the 17th Lok Sabha.

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When the dough has formed, dust your working surface with

h flour and dust your hands again. Transfer the mixture over and continue to knead it until its surface becomes smo

oth, this should take about 10 minutes. Let it rest. After about 4-5 hours, kneed it again. You’re ready to go!

How to roll the perfect dumpling wrapper?

Take the dough and roll it out into a long sausage shape. Using a knife, cut it into simi

lar sized pieces, roughly about 2 inches in length. Press each one into a rough circle.

The trick is never to let go of the wrapper while your rolling. It feels counter-int

uitive, but hold onto the top of the wrapper, use the rolling pin in an upward mot

ion towards the center. Move the dough around and keep rolling until you have a thin, circular wrapper.

Alternatively, you can pick pre-rolled wrappers from your local shop or Chinese supermarket.

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