is it’s none of our business. It’s no more our business surely how Hong Kong is governed
than how Saudi Arabia is governed. In the latter case, we accept that,” he argued.上海龙凤419
Last week, Liu Xiaoming, the Chinese ambassador to the UK, said in a press con
ference in London that no foreign country should interfere in Hong Kong affairs.
上海龙凤419女神会所Liu also said the Western media have inescapable r
esponsibility for the current situation in Hong Kong, as selective reporti
ng and distortion have resulted in the prevalence of wrong information and have misled the public.上海龙凤419
Galloway echoed Liu’s view, adding: “This is part of a spectrum of attacks which ar
e designed to slow China’s advance, weaken China’s internal cohesion, with上海龙凤419
a view to stopping China from becoming the most important economy and country in the world.”
On Aug 12, the protesters marched into the Hong Kong International Airport and brought the pre上海龙凤419
mises to a standstill. The Hong Kong police’s handling of the situation was widely criticized by the Wes
上海龙凤419tern media, but Galloway argued that was not honestly dealt with by the Western press.
“What, in fact, is an example of light-handed police, is portrayed in the West
ern media as tyrannical, dictatorial policing. And that’s simply, objectively, not true.上海龙凤419女神会所
“If this was England, still more if it was in France, if Charles d
e Gaulle Airport was seized by protesters and had to be c
losed… they would be cleared violently within the first hours of such a protest,” he added.上海龙凤419
Martin Jacques, one of Britain’s best-known Sinologists, recently expressed his views on the
subject of Hong Kong, saying the period since 1997 was being criticized by the British that Ch上海龙凤419女神会所
ina was not being true to democracy. Jacques called it pure “British hypocrisy”.
omy was ignited by tensions within the coalition supporting Conte’s cabinet, made of
far-right, anti-immigrant League party and anti-establishment Five Star Movement (M5S).上海后花园女神会所
President Mattarella would play a key role in this phase, verifying with every political force hold
上海后花园ing seats in parliament whether an alternative majority could be shaped to form a new government.
Given the sensitive time of the crisis — which may bring the country to un
usual new polls in autumn, when some crucial deadlines loom — the head of state might also上海后花园女神会所
suggest forming a technocrat government, but only if parliamentary forces agreed to support it.
Among the urgent domestic affairs were the need to outline the country’s next budget, a上海后花园
nd have it passed by the Italian parliament, and preliminary by the European Union (EU), by the end of the year.
Another key budget-related priority was to avoid a possible value-added tax (VAT) hike.上海后花园
For most purchases in fact, Italy’s VAT is at 22 percent; but it would automatically rise to 25.2 percent on Jan 1, if the coun
上海后花园女神会所try did not find new revenue resources worth 23 billion euros ($25.5 billion) with the next budgetary plan.
Mattarella’s talks with parties’ leaders will continue through Th
ursday afternoon, according to the official schedule unveiled by the president’s office.
If such consultations do not deliver any political solution, the president wi上海后花园
ll have to dissolve the parliament, and call snap elections in a range of 45 to 70 days.
Meanwhile, major parties began defining their own position in the crisis.
A possible deal between the M5S — which holds the largest number of seats in both lower house and se上海后花园女神会所
nate — and center-left opposition Democratic Party (PD) was under the scrutiny of political analysts and media.
The two parties have harshly attacked each other in latest years, but their joining forces now could上海后花园
produce a majority in parliament — with the help of minor allies — cutting anti-immigrant League out.
上海后花园女神会所On Wednesday, the PD leadership approved a resolution opening to possible n
egotiations with the M5S, but only on condition that five program points were respected, including “a loyal EU me
mbership… a change in the country’s (tough) migration policies, and a major shift in social and economic recipes.”
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.
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.”