Jason Yu, general ma乐动娱乐唯一正规官网乌托邦arket consultancy Ka

ntar Worldpanel China, said the quality and good prices of Costco’s food products are a major

attraction to Chinese consumers, as the demand for such products has grown. The retailer could bol乐动娱乐唯一正规官网乌托邦品茶微信

ster its fresh food offerings to increase their customer retention rate here, Yu said.

乐动娱乐唯一正规官网乌托邦”As Chinese consumers put more stress on healthy products and higher living standar

ds, the retail industry’s growth has remained robust in China and the momentum will continue,” he said.

Wang Caidi, 57-year-old retiree in Shanghai, left the store with avocados, cheese, m乐动娱乐唯一正规官网乌托邦品茶微信

ilk and a pizza. She said quality foods enticed her to travel the 40 kilometers to the store.

“The products are of good value. I may come here one month later when it is less crowded,” she said.

乐动娱乐唯一正规官网乌托邦Membership at Costco Shanghai has been available since July 1, with an annual membership

card priced at 299 yuan ($42). The company put its Chinese membership at over 120,000.

The store, with a shopping area of 14,000 square met乐动娱乐唯一正规官网乌托邦

ers, is located in suburban Minhang district, nearly 30 km from the city’s center.

Richard Zhang, Costco’s senior vice-president for Asia, said on A

乐动娱乐唯一正规官网乌托邦品茶微信ug 20 that the location was influenced by the presence of seven international schools i

n the area, indicating a large group of middle class consumers who are Costco’s targets.

He also said that the market has matured sufficiently for Chinese consumers to be “ready to pa乐动娱乐唯一正规官网乌托邦

y for a membership card”. Little effort was spent on educating the market about membership.

Costco is the world’s largest membership-only re

乐动娱乐唯一正规官网乌托邦品茶微信tailer. Walmart, the world’s largest retailer, has opened 26 membership-based Sam’s Club stores in Ch

ina. The latest opened in June in northern Shanghai, only 10 km from the Costco outlet.

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Even British Prime M乐动娱乐唯一正规官网乌托邦oris Johnson, describe

by the US leader as the “right man for the job”, told the US leader at a

Sunday breakfast meeting that “we don’t like tariffs on the whole … We are in favor of trade pe乐动娱乐唯一正规官网乌托邦品茶微信

ace”, having said on his arrival on Saturday that the trade war was “not the right way to proceed”.

乐动娱乐唯一正规官网乌托邦Rarely have European leaders spoken with such unity on an issue. By doing so they will have hoped to drive home the messa

ge to the US leader that in a closely interconnected global economy, no one wins in a trade war, everyone loses.

Hopefully, that message has been received, since the US leader said on Monday that the two sides will begin乐动娱乐唯一正规官网乌托邦

“serious negotiations” soon, as both sides understand the consequences and where the other stands.

China wants to make a deal. But that deal can only be reached based on equality and mutual re乐动娱乐唯一正规官网乌托邦品茶微信

spect. It does not want any “decoupling” of the world’s two largest economies, as some in the US have tru

乐动娱乐唯一正规官网乌托邦mpeted, knowing it benefits from that coupling. But it will not acquiesce to unreasonable demands.

Let us hope his talks with the European leaders have helped the US l

eader appreciate that the interconnectedness of the US and Chinese economies also b乐动娱乐唯一正规官网乌托邦品茶微信

enefits the US, and that a trade deal is in everyone’s best interests, the US included.

China, the second-largest economy of the world and neighbor to 21 countries, is set to celebrate its 70th anniversary on October 1.乐动娱乐唯一正规官网乌托邦

The path of development set by the Chinese leadership and the Communist Party of China was n

乐动娱乐唯一正规官网乌托邦ot an easy job as there was much suffering in the prior century before it founded as a sovereign state.

The vision and statesmanship of the Chinese leadership and commitment of its people ch乐动娱乐唯一正规官网乌托邦品茶微信

anged the status of the country from one with a backward economy tow

ards a prosperous one that is playing an active role in the international arena.

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What’s happening in 乐动娱乐唯一正规官网乌托邦e world next week

Chinese officials and experts have urged politicians in the United States to stop using the situat

ion in Hong Kong as a bargaining chip for negotiations or as leverage for fueling competition with Beijing.乐动娱乐唯一正规官网乌托邦品茶微信

Senior politicians such as US Vice-President Mike Pence and House Speaker Nancy Pel

osi have spoken out on or pushed legislation concerning the recent violent protests in the city.乐动娱乐唯一正规官网乌托邦品茶微信

Pence angered China on Monday by telling the Detroit Economic Club that “for the Un

ited States to make a deal with China”, Beijing needs to “respect the integrity of Hong Kong’s laws”.

乐动娱乐唯一正规官网乌托邦”Our administration will continue to urge Beijing to act in a humanitarian manner,” Pence added.

In response, the Foreign Ministry’s Commissioner’s Office in the Hong Kong Special A

dministrative Region said on Tuesday that China resolutely opposes any country attempting to “take Hong Kong’s s乐动娱乐唯一正规官网乌托邦

tability and prosperity as well as the well-being of more than 7 million Hong Kong residents as a bargaining chip”.

“Do not daydream about China making a deal using its territorial sovereignty and national reunification,” an unnamed spokesperson乐动娱乐唯一正规官网乌托邦品茶微信

said in a statement, calling for a halt to intervention in China’s domestic affairs, including Hong Kong affairs.

On Aug 6, Pelosi said in a written statement that “the extraordinary outpourin

乐动娱乐唯一正规官网乌托邦品茶微信g of courage from the people of Hong Kong stands in stark contrast to a cowardly government”, and she reite

rated her call for suspending “future sales of munitions and crowd control equipment to the Hong Kong police force”.

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n addition, every 乐动娱乐唯一正规官网乌托邦uards are required to m

?make another check on prisoners who are on suicide watch.

Online media registration for the second China International Import Expo opened on Friday.乐动娱乐唯一正规官网乌托邦女神会所

The registration system at media.ciie.org will be accessible until September 30.

When registering for a media pass, foreign journalists who will be travelling to China to cover the event need to spe

乐动娱乐唯一正规官网乌托邦cify their outlet in the “foreign media organizations” listing under the media organization category, and select the “for

eigners for temporary stay in China” option when entering their personal information.

After signing up online, the system will generate a confirmation letter f乐动娱乐唯一正规官网乌托邦

or foreign journalists to apply for a J-2 visa at Chinese embassies, consulates or visa age

乐动娱乐唯一正规官网乌托邦女神会所ncies authorized by the Ministry of Foreign Affairs of the People’s Republic of China in their countries.

Resident foreign journalists in China will also need to register in the system, and selec

t the “foreigners for permanent stay in China” option when filling out their information.乐动娱乐唯一正规官网乌托邦

Epstein was housed in the Special Housing Unit, even as guards are requir

乐动娱乐唯一正规官网乌托邦女神会所ed to remove prisoners on suicide watch from the unit, according to a Twitter post by Preet Bharara, a former US

Attorney for the Southern District of New York. The SHU separates inmates such as accused sex of

fenders deemed likely to be harmed by other prisoners from the general population.乐动娱乐唯一正规官网乌托邦

Epstein had been confined to the correctional center while he appealed a district judge’s refusal to let him

live under 24-hour guard in his opulent townhouse on Manhattan’s Upper East Side

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The major stock indexe乐动娱乐唯一正规官网乌托邦Dow Jones Industrial

Average, Nasdaq Composite and S&P 500 – closed up more than 1 percent each Tuesday.

乐动娱乐唯一正规官网乌托邦After Monday’s selloff, the biggest of the year, Tuesday’s rebound of 312 points put the Dow at 26,023.

On Monday, the Dow lost 767.27 points, or 2.9 percent, after US President Donald Trump called China a currency manipulator.

“There is more uncertainty in the global environment,” Usha Haley, the W. Frank Barton Distinguished Chair in In乐动娱乐唯一正规官网乌托邦

ternational Business and a professor of management at Wichita State University, told China Daily. “It does not contribute t

乐动娱乐唯一正规官网乌托邦女神会所o planning or investment in the global economy and doesn’t bene?t China or the US. We’re in uncharted territory.”

“Most investors and traders do not find meaningful the designation of currency manipulator and most belie

ve it is unlikely to foster successful negotiations,” Andrew Karolyi, a finance professor at Cornell University, told Ch乐动娱乐唯一正规官网乌托邦

ina Daily. “Fluctuations in the yuan continue to re?ect market supply and demand pressures and have for several y

ears. I would not rule out a US-China trade deal before the end of 2019 or early 2020. There are incentives in both co

乐动娱乐唯一正规官网乌托邦女神会所untries to stabilize trade flows and ease the burden of trade policy uncertainty.”

But Trump may be able to use the currency-manipulation charge to his advantage, one expert said.

“Unfortunately, the declaration that China is a currency manipulator can be used by the pr乐动娱乐唯一正规官网乌托邦女神会所

esident as a reason to take further unilateral actions against China,” Steve Charles Kyle, an economics pr

ofessor at Cornell University, told China Daily. “It is clearly bad news for both the USA and China. The USA will see highe

乐动娱乐唯一正规官网乌托邦r prices as tariffs take effect, and China will see fewer exports as the US buys less and also as production moves elsewhere.”

With equity markets roiled and supply chains disrupted, Goldman Sachs now ex

pects the Fed to cut interest rates by at least a quarter- point i女神会所n September and October.乐动娱乐唯一正规官网乌托邦

Trump has frequently called for more cuts in the federal funds rate, which has a target of 2-2.25 percent.

If in?ation is close to the Fed’s 2 percent target in December, Goldman Sachs believes rate cuts will stop.

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Executive, Carrie Lam, t乐动娱乐唯一正规官网乌托邦e Secretaries of D

They defaced the national emblem mounted at the entrance of the office and painted offensive graffiti on the office’s exterior.

乐动娱乐唯一正规官网乌托邦Lam said the vandalism is in blatant defiance of the nation’s sovereignty and an open chal

lenge to the “one country, two systems” principle. It has caused great harm to the SAR, which is governed u乐动娱乐唯一正规官网乌托邦

nder the principle, and it hurt the sentiments of people in Hong Kong and on the Chinese mainland.

Lam also strongly denounced the “astonishing and outrageous” attacks

乐动娱乐唯一正规官网乌托邦in Yuen Long in the New Territories. Late on Sunday night, attackers in white shir

ts, some wearing masks, assaulted bystanders and commuters at the Yuen Long subway station with bamboo sticks an

d metal poles. They said they were targeting radical protesters who have disrupted local order.乐动娱乐唯一正规官网乌托邦品茶微信

The attackers completely disregarded law and order as they indiscriminately assaulted innocent people, she said, addin

g that what they did was appalling and totally unacceptable. She requested that the police chief conduct an extensive a

乐动娱乐唯一正规官网乌托邦nd in-depth investigation into the incidents and punish those who violated the law.

The SAR government has zero tolerance for any kind of violence at any time, anywhere and toward anyone.

Commissioner of Police Lo Wai-chung pledged that the police investigation will begin imm乐动娱乐唯一正规官网乌托邦品茶微信

ediately, and the force will pursue offenders at all costs in order to bring them to justice.

He also dismissed allegations that the police force acted leniently when facing the violent乐动娱乐唯一正规官网乌托邦

attackers at the Yuen Long subway station. The police force is against any kind of violence, Lo stressed.

Wang Zhimin, director of the Liaison Office, made the “stron

乐动娱乐唯一正规官网乌托邦品茶微信
gest condemnation” of the vandalizing of the office on Sunday night.

Saying that Hong Kong has seen a series of radical protests that exceeded the bo

undaries of peaceful demonstration, Wang said these acts have challenged the city’s rul

e of law and seriously undermined the fundamental interests of Hong Kong residents.乐动娱乐唯一正规官网乌托邦品茶微信

He said he believed the Hong Kong government and its law-enfo

rcement bodies will punish those responsible according to the law.

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Monday’s collision was 乐动娱乐唯一正规官网乌托邦女神会所h involvg a German

The United Stat乐动娱乐唯一正规官网乌托邦女神会所es on Monday imposed new sanctions on Iran targeting its Supreme Leader Ayatollah Ali Kh

amenei and other senior officials, a move further worsening the already strained Washington-Tehran ties.

US President Donald Trump signed an executive order on Monday at the White House, which he said is “imposin

g hard-hitting sanctions on the supreme leader of Iran and the office of the supreme leader of Iran and many others.”

Trump accused Khamenei of being ultimately “responsible for the hostile conduct of the regime.”

The newly added sanctions will deny Iranian leadership’s access to financial resources, blocking the

m from using the US financial system or accessing any assets in the United States, according to the White House.

US Treasury Secretary Steven Mnuchin revealed in a following press conference on

Monday that the new order will freeze billions of additional dollars in Iranian assets.

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n an unusual move乐动娱乐唯一正规官网乌托邦女神会所s sends a stron

ng signal to busin乐动娱乐唯一正规官网乌托邦女神会所esses, 24 of the EU leaders chose instead to reflect supp

ort for the mid-century goal as a footnote in their final statement:

“For a large majority of member states, climate neutrality must be achieved by 2050.”

Time is running out

Since French President Emmanuel Macron in March launched the

push for the EU to absorb as much as it emits by 2050, along with three other nations, supp

ort had snowballed, showing the growing political prominence of the fight against global warming.

Addressing the holdouts during the summit, German Chancellor A

ngela Merkel pointed to months of climate protests by youths that helped propel Gre

en parties to their strongest showing yet in May’s European Parliament elections.

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i said he wants to use t乐动娱乐唯一正规官网乌托邦女神会所 along with K

Kim and other com乐动娱乐唯一正规官网乌托邦女神会所rades from the DPRK to map out plans for bilateral coope

ration, writing a new chapter in the traditional friendship between the two countries.

Xi added that he and Kim are confident about and capable of bringing bil

ateral ties to a stage of new development in the new era to deliver more benefits to the peo

ple from both countries and promote peace, stability and prosperity in the region and the world.

Editor’s Note: President Xi Jinping will pay a two-day visit to the De

mocratic People’s Republic of Korea from Thursday. How should we evaluate the sign

ificance of the visit? Two experts share their views with China Daily’s Pan Yixuan. Excerpts follow:

DPRK not bargaining chip in talks with US

Some argue that China wants to play the “DPRK card” at President Xi’s e

xpected meeting with US President Donald Trump on the sidelines of the G20 su

mmit scheduled for June 28-29 in Japan. Their argument could not be more wrong.

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On a month-on-month basis, new home prices in Dalia

?and Nanning 乐动娱乐唯一正规官网乌托邦女神会所rose 0.7 percent and 0.9 percent, respectively. On a year-on-

year basis, new house prices in these cities grew 13.2 percent and 11.5 percent, respectively.

Although excluded from the 70 major Chinese cities surveyed by the

National Bureau of Statistics, Foshan and Suzhou also saw a surge in home prices in April.

There are signs that the central government will not change its resolution to control house p

rices, Zhang said, adding that in the future the real estate market will continue to crack down on speculation.

On May 11, Suzhou tightened housing policies further, China Daily earlier reported. The dow

n payment ratio for a family’s first home purchase has been raised from 20 percent to 30 percent.

Newly built property in certain parts of the city cannot be traded for a three

-year period after purchase, and for five years in the case of pre-owned property.

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