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More comprehensive and well-targeted policy respon

ses are needed to tackle the current growth slowdown,” Elliot Harris, UN chief economist and assi

stant secretary-general for economic development, said Tuesday at a news conference. “It is increasingly clear that policies to pro

mote sustainable development will need to look beyond GDP growth and identify new and more robust measures of

economic performance that appropriately reflect the costs of inequality, insecurity and climate change.”

In response to slowing growth and subdued inflation, major central banks have eased their monetary policy stances. The recent mo

netary policy shifts have helped to stabilize global financial markets and capital flows to emerging economies.

However, the report cautions that a more protracted period of monetary accommodation could exacerbate fina

ncial imbalances, including further fueling debt accumulation and raising medium-term risks to financial stability.

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Faced with deep-rooted structural weakness, several large

eral large developing countries are struggling to recover from recessions or remain trapped on a low growth path.

The report highlights that per capita income growth in several parts of Africa, western Asia, L

atin America and the Caribbean is expected to remain very weak in the outlook period. That poses ad

ditional challenges for the Sustainable Development Goals, including the goal to universally eradicate poverty by 2030.

The report further notes that while poverty remains predominantly

rural, further progress on poverty-reduction also hinges on the effective management of o

ngoing urbanization. That is particularly relevant for Africa and South Asia, the two regions with the highest num

ber of people in poverty, which are expected to experience the most rapid pace of urbanization in the next two decades.

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he Ya’an-Nyingchi section is believed to be one of the

 world’s most challenging railway projects to build, as it will traverse the southeast

portion of the Qinghai-Tibet Plateau, which has intricate and difficult geological conditions.

Previous reports said that 80 percent of the Sichuan-Tibet Railway will

consist of tunnels and bridges, and the cumulative ascent of the line will exceed 16,000 me

ters, which is equivalent to double the height of Qomolangma, the world’s highest mountain also known as Mount Everest.

When the line is completed, the travel time by rail between Chengdu and Lhasa will shorten f

rom 48 hours to about 13 hours.hina’s national railway operator has on Wednesday added a new function to h

elp people buy tickets on the booking site 12306.cn and its related app, the Beijing News reported.

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According to the news portal Chinanews.com, Xie Diao and

d Zhou Kaixuan had known each other for many years and shared the same dormitory when they were in high school in C

hongqing. Both did well in their studies. After graduating from high school, Xie Diao went to Xidian Uni

versity, while Zhou Kaixuan was also admitted to Sichuan University, but soon dropped out of school. Xi’an Jiaotong Uni

versity later admitted Zhou in the second year. However, because of his addiction to games, he couldn’t continue hi

s studies. By that time, Xie had become a postgraduate in the Chinese Academy of Sciences.

After graduation, Zhou experienced frustration in finding a job and failed the civil service

exam. According to the report quoting Xie Zhonghua, Xie Diao tried to comfort Zhou at a previous high sch

ool reunion, but they had a quarrel later during the role-playing game Werewolf.

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he familiar discrediting of China’s policy toward the

 Uygurs in the Xinjiang Uygur autonomous region.

Which in itself is a worrying development since it may be the start of the US using the domestic affa

irs of other countries as a pretext to stifle the growth of foreign competitors to US companies.

Washington, of course, is trying to put the US on the high moral ground while embedding

its trade frictions with other countries into its political agenda and using its economic policy for its foreign policy aims.

In this way, it is hoping to achieve the colonization of the global

business world, allegedly under the banners of human rights, freedom and democracy.

If Washington really cared about the human rights situation in X

injiang, it would by no means ignore the development of the region. Over the past four

decades, the regions’ economy has increased more than 250 times, and the well-being of the Uygur people h

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n the case before Mehta, Trump and his business orga

anization sued to block the subpoena issued in April to Mazars USA, an accountant for the president and Trump Orga

nization. Trump’s lawyers accused Democrats of harassing Trump and said the subpoena “has no legitimate legislative purpose.”

Trump’s lawyers, in suing in both Washington and New York in attempt to beat back congressiona

l subpoenas, said congressional investigations are legitimate only if there is legislation that might result from them.

In the New York case, Trump, his business and family have sued Deutsche Bank and Capital One to prevent the fi

nancial companies from complying with subpoenas from the House Financial Services Committee and the House I

ntelligence Committee for banking and financial records. A Wednesday hearing is planned in that case.

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website of the Footwear Distributors and Retailers r to an

Different from the first several batches of tariffs that focused more on industrial and agricultural products, the most rece

nt 25 percent tariffs on Chinese imports target mostly consumer products, including sneakers, clothing and furniture.

Trump has, on his Twitter account, asserted that “there is no reason for the U.S. Consumer to pay the Tariffs”.

The open letter, however, said “there should be no misunderstanding” that US consumers pay for tariffs on products that are imported.

“As an industry that faces a $3 billion duty bill every year, we can assure you that any incr

ease in the cost of importing shoes has a direct impact on the American footwear consumer,” it said.

It is an “unavoidable” fact that as prices go up at the border due to transportation costs, labor r

ate increases or additional duties, the consumer pays more for the product, the footwear trade and business association said.

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weather, and the provincial government recently announ

nced that when conditions are right, artificial means will be used to make rain.

Chen Lijuan, the chief weather forecaster of the National Climate Center, sai

d rain is on the way to the northeast and will arrive next week. That should alleviate the

drought, but dry conditions will continue to make things worse in Yunnan, she said.

Zhou Wenyi, a 26-year-old from Kunming, Yunnan province, said that the weather is very strange this year.

“The climate of Yunnan is kind of like the southeastern Asian countr

ies, where April and May are the two hottest periods before the rainy season arrives. The hig

hest temperature in Yunnan’s summer period usually is around 21 to 22 C,” she said.

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Huawei launched its 5G smartphone in London on Thu

rsday as mobile network operators prepare to switch on 5G network in parts of the United Kingdom, Xinhua reported.

Also in Saturday’s call, Wang Yi urged the US to observe the one-China policy and the three joi

nt communiques between the two countries, and handle Taiwan-related issues carefully and properly.

The US House of Representatives passed a resolution reaffirmin

g the US commitment to Taiwan and the Taiwan Assurance Act of 2019 earlier this month.

Wang noted that China has expressed its firm opposition to the US recent negative remarks and actions related to Taiwan.

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The China-US trade disputes have significantly influe

enced the renminbi’s performance, said Wang Shengzu, co-head of Investment Strategy Group Asia Goldman Sachs.

But the currency is unlikely to slip out of a reasonable range, assuming there is no big shock from the trade talks, Wang said.

As a sound base for a stable renminbi, “the Chinese economy has shown sig

ns of bouncing up, shown by the faster-than-expected growth of industrial output, ret

ail sales, and credit in the first quarter, and this means that economic activity is improving with supportive pol

icies”, said Wang.Liu Shiyu, China’s former top securities regulator, was under investigation for alleged violations of

the law, according to a statement Sunday from the Central Commission for Discipline Inspection.

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