he United States, may lead to weaker business confidence and slower
global trade growth, which is expected to weigh on investment and exports in 2020. But in the n
ear term, as China shows positive surprise in GDP growth in the first quarter, and the macroeconomic policies hav
e taken effects on stabilizing the growth, the GDP growth rate is likely to stay at 6.2 percent, the report said.
“In response to the growth moderation and less favorable external conditions, the government in
troduced a fiscal stimulus emphasizing tax incentives,” said Martin Raiser, World Bank Country director for China.
“While the central government has fiscal space to further increase spending, if necessary, the additional stimulus should be ap
propriately funded either directly at the central level or through additional fiscal transfers to the provinces. Highe
FTSE Russell, a leading global multi-asset index, data and analytics provider, said Satur
day that it will add Chinese A shares to its widely-tracked global benchmarks next month.
The addition will be officially effective after the close of share markets on June 24.
According to the plan of FTSE Russell, this move marks the first stage of incorporatin
g Chinese shares into its indexes. In this stage, 1,097 Chinese stocks, or 20 percent of A shares, will be bro
ught into the indexes, drawing an expected $10 billion from passive investors.
FTSE Russell will add 40 percent of A shares to its indexes in September, and another 40 percent in March next year.
we never doubted him, despite all the ups and downs.”
What players will be chosen by Lippi remains uncertain, but seeking younger talent will be a priority. Lippi led the oldest
team at the Asian Cup this year, with an average age of 30.2 years, and many veterans will retire before the next World Cup.
Lippi’s best shot now is Espanyol striker Wu Lei, who joined La Liga
immediately after the Asian Cup and became the first Chinese player to score in the league.
Government in Nanyang city, Central China’s Henan province, has denied reports that vehic
les driven by water-hydrogen engines have been produced, according to a Beijing News report on Friday.
A Nanyang Daily report on Thursday said that such a vehicle has been produced, saying that the vehic
le consumes water in its engine, and with the help of special catalyst then produces hydrogen to fuel the vehicle.
nd for decades and witnessed local farmers’ continuous battles against sandstorms.
“It didn’t just feel like a black storm, it was as if the whole desert was approachi
ng,” recalls Liu Conghui, a writer who was born, and still lives, near the farm Wang once worked.
As the menacing sandstorms made the area increasingly inhospitable, Liu’s whole community planned to up sticks.
To restore the local ecosystem, the Chinese government launched
a 10.7 billion yuan ($1.6 billion) project in 2001. A set of measures were adopted such as sav
ing water, converting farmland into grassland, providing treatment for dry riverways and building dams. In addition to t
hose measures, industrial and agricultural use of water in cities and counties along the river was limited.
Over the past two decades, Xinjiang has infused 7.7 billion cubic meters of water into
the dry trunk stream of the lower reaches of the Tarim River in 19 rounds of water diversion.
higher than in previous years,” she said. “Also, the rainy season is supposed to
begin after the May Day holiday, but I haven’t seen a drop of rain so far.”
Data from the National Climate Center shows that the average rainfall from April 1 to May 17 is 35.3 millim
eters, down almost two-thirds from the same period last year, the least recorded rainfall over that period since 1961.
In addition to the drought, the average temperature is 1.9 C higher than average for the period, the highest since 1961.
Chen, the chief forecaster, said that according to the mid- to long-term forecast ra
infall will relieve drought in the eastern part of Yunnan province, though its western part will still be plagued by the drought.
Surveillance from the National Climate Center shows that
drought is also occurring in the Inner Mongolia and Guangxi Zhuang autonomous regions, as well