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The fresh crisis in the 上海后花园’s third-largest econ

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.”

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More than 90 percen上海后花园e respondents said th

d they were worried about the prospects of Hong Kong tourism in the next year.

Wong Ka-ngai, chairman of the Hong Kong Tour Guides General Union上海后花园

, said that the tourism sector saw positive data in the first half of 2019, but recent prot

ests sent it into deep recession during the July-August period, which traditionally is the high tourist season.上海后花园品茶微信

A tour guide used to receive 12 to 15 tour groups per month on average in July and August in p

上海后花园revious years. But this year, the protests led to mass cancellations by tour groups from the Chinese mainland, Sou

theast Asia, Europe and the United States, Wong said. Many tour guides received no groups in August, he said.

The city’s tourism sector is facing a recession worse than that during the Severe Acute Respiratory Syndrome out上海后花园

break in 2003, said Lau Chun-yuen, chairman of the Hong Kong Certified Tour Escort Association.

Many tourism employees would use revenues earned in the high season to h

elp get through the off-season. Lau fears that if the situation further deteriorates, the w上海后花园品茶微信

ork and life of tourism employees will be affected, which may cause a wave of employee outflow in the industry.

At about 4 pm on Monday, Airport Authority Hong Kong canceled the day’s rema

ning flights in and out of Hong Kong after radical protesters “seriously disrupted” operations at Hong Kong In上海后花园

ternational Airport, stranding hundreds of passengers from around the world.

China must boost high-quality development, according to a meeting of the P

上海后花园品茶微信olitical Bureau of the Communist Party of China Central Committee presided over by

President Xi Jinping on July 30. Xi has talked about high-quality development many times this year.

President Xi stressed the need to unswervingly advance supply-side structural r

eform, foster new growth points and achieve high-quality development in a down-to-earth manner.

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US toy prices may rise d上海后花园e to additional tariff

Experts warn it would damage small companies as consumers pay for the hit

上海后花园For the US toy industry, President Donald Trump’s threatened 10 percent tariff on

an additional $300 billion worth of Chinese goods starting from Sept 1 would come during the peak holiday shi上海后花园女神会所

pping month, when many Chinese toy manufacturers send their products to the United States.

上海后花园Though some US toy companies have come up with contingency plans, like lowering their relian

ce on manufacturing in China, many will still make the US consumer pay more if the tariffs hit.

“Hasbro will have no choice but to pass along the increased costs to our US custo上海后花园

mers,” said Brian Goldner, CEO of toy company Hasbro. He said the Pawtucket, Rhode Islandbased company, the

上海后花园女神会所maker of popular products such as Monopoly and GI Joe, was working to reduce its reliance on manufacturers in Chi

na, but he also said it has built up extra inventory, incurring additional storage costs, as it braces for tariffs.

It’s hard to tell whether companies will alleviate the impact of a new tariff before the holiday season arrives, Linda Bolton We上海后花园

iser, a senior research analyst at financial services firm D.A. Davidson Companies, told China Daily.

上海后花园女神会所But she said that they will try to find alternative suppliers, and work with their procurement teams to optimize product mix

and sourcing options. Many also will continue to move manufacturing from China to countries like Vietnam.

“They will do as much as they can to mitigate or offset the impact of the tariffs through all the different measures, but it’s un上海后花园

certain now to what extent they will be able to either partially or fully offset the impact,” Weiser said.

上海后花园女神会所”The good news is that the tariff is only 10 percent, so a product-price increase of 5 percent is neede

d to keep gross profit dollars unchanged. However, the gross margin would decline,” she said.

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Anticipating an increas上海后花园mainland mobile

 payment service providers such as Alipay and WeChat Pay are also stepping up the pace to expa

nd in Hong Kong, starting with mainland tourists and cross-border transportation.上海后花园女神会所

In security trading, agencies are using easier processes and lower cost to lure new clients. Val

上海后花园uable Capital Ltd, a Hong Kong-based broker backed by SINA Corporation Group, started to open stock a

ccounts online from last September after the service was allowed by local governments.

The startup recently set foot in the A-shares market as well, promising to charge only one third of the industry’s av上海后花园女神会所

erage commission so its Hong Kong clients can trade in the three markets of the mainland, Hong Kong and the United States.

上海后花园”Financial companies in the Bay Area have been spontaneously exploring the integration of their services for individuals and corporations in the re

gion,” said Xing Yujing, president of the Shenzhen Central Subbranch of the People’s Bank of China, the country’s central bank.

A blacklist recording institutions and individuals who have mistreated i上海后花园女神会所

nfants and young children will be established to better govern the nursery industry, a

ccording to draft regulations released by the National Health Commission on Tuesday.上海后花园

Violators will be banned from providing childcare services, according to one of the two drafts released by the co

mmission’s department of population monitoring and family development to solicit public opinion until Aug 8.

上海后花园The draft pledges zero tolerance against assaults on minors and seeks to hold violators accountable.

Surveillance and alarm systems at nursery institutions will be required to oper

ate around the clock and achieve full coverage of areas where children might appear.上海后花园女神会所

“Footage should be stored for no less than 90 days and it is forbidd

en to stop recording, alter or delete video footage for no proper reason,” it said.

She believed they are prepared to follow unified rules and regulations so that capital flow channels in the Bay Area cou

上海后花园女神会所ld be essentially linked, instead of the current system of product-based integration.

She said a joint committee of GBA financi

al institutions should be established to coordinate the differences of rules

and standards in Hong Kong, Macao and Guangdong so they could operate under a unified set of guidelines.

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based on director Lu’s e上海后花园品茶微信g experience in a sp

special military上海后花园品茶微信 bureau to investigate paranormal incidents, is co-financed by Beijing Culture, Hua

yi Brothers Media and Tencent Pictures.Marking as director Ding’s latest action flick after A Better Tom

morrow 2018S.W.A.T. is about a team of Chinese special forces which cracks down a drug-producing base.

he 22nd Shanghai International Film Festival concluded with a star-studded ceremony

at the Shanghai Grand Theatre. As one of the largest celebrations of the film industry in Asia, the

event was held from June 15 to 24, during which 522 movies were screened in 47 local cinemas.

The festival witnessed new and enhanced exchanges and connections between the Chi

nese film sector and those in countries involved in the Belt and Road Initiative.

Iranian film Castle of Dreams was the big winner at the 22nd Shanghai Inte

rnational Film Festival, winning best actor, best director and best feature film honors.

The film Inhale-Exhale, a coproduction of Georgia, Russia and Sweden, won

the Grand Jury Prize, with its leading actress Salome Demuria taking the best actress award.

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Wei Jianguo, vice-president of the China Center for Inte

rnati上海后花园onal Economic Exchanges, warned that although China would not be happy to see the so-called trade war expand into the fields of finance, tech

nology or geopolitics, the country must be prepared for all kinds of confrontations.

“The US has repeatedly violated the multilateral mechanism based on World Trade Organizat

ion rules. Due to the influence of hard-line hawks, it is likely to continue the trade war,” he said.

China has less motivation to further stimulate economic growth, but the government needs t

o search for more methods to control debt and reduce default risks, according to officials and economists.

China’s macroeconomic leverage ratio, or the total debt-to-GDP proportion, rose slightly in the first quarter, but the over

all leverage level still remained stable, Huang Xiaolong, deputy head of the Financial Stability Bureau of the Peo

ple’s Bank of China, the central bank, said at a media conference on Wednesday.

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On Friday, State Councilor and Defense Minister Gen

eral Wei Fenghe met with Shanahan and both sides agreed to deepen exchanges and cooperation, pr

operly manage risks and allow military-to-military relations to become a stabilizing factor for bilateral ties.

China launched an investigation into FedEx because the United States express delivery service provider allegedly failed to

deliver parcels to designated addresses, a violation of Chinese postal regulations, a senior official said, adding that

all foreign delivery companies should obey local regulations when operating in China.

The State Post Bureau did not disclose how many parcels were allegedly rerouted, and said it recently received comp

laints from an unspecified number of FedEx clients saying the company rerouted their parcels to destinations other

than the designated addresses without informing them or asking for permission.

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While eating alone is hardly a novel experience in many

“Chinese culture is family-based. Everyone wants to have a group of people eating toget

her, so eating is more of a collective behavior. People either eat with family members at home or with colle

agues and clients at work,” said Cai Yani, who has directed a series of short videos about solo dining.

Eating together is considered crucial for family bonding. On a typical Chinese dining table, one rarely finds dishes for indi

viduals; instead, there is usually a range of dishes-meat, fish, vegetables and soup-for everyone to share.

Restaurants usually boast round tables with a rotatable surface, known as a “lazy Susan” in the West, to make sharing easier.

The move away from the traditional sharing approach is largely due to a demo

graphic shift in the country, especially a sharp rise in the number of unmarried people. Statistics from the Mi

nistry of Civil Affairs show that more than 200 million people were living on their own in 2017.

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The administration has established over 360 new moni

itoring stations in the China Seismic Experimental Site, which spans Sichuan and Yunnan pro

vinces, since construction of the project was launched about one year ago, Zheng Guoguang, vic

e-minister of emergency management and head of the administration, told a news conference on Friday.

The area previously had about 1,000 monitoring stations.

China is the only country that lists forecasting earthquakes as a government responsibility.

Considering our limited knowledge about earthquakes, the forecasting work has to be based on observation. However, the we

ak signals from underground are often disrupted by electromagnetic interference, he said.

He said that in cooperation with the government of Shenzhen, Guangdong

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Some analysts held a more prudent opinion that a sustai

ainable recovery in earnings growth may come later, as a large portion of the recovery in the firs

t quarter is attributable to financial stocks, and notable improvements in revenue growth have not emerged.

During the first quarter, the aggregate revenue of A-share companies grew by 10.9 pe

rcent year-on-year, compared with 11.5 percent for the whole of 2018, according to Wind Info.

Analysts from Huatai Securities pointed that liquidity condition of l

isted companies has improved in the first quarter, with nonfinancial companies’ ca

sh flow generated from business operations having begun to cover the cash flow needed by investments.

This positive change could mean that capital expenditure of listed companies may acc

elerate in the second half of this year, spurring fixed-asset investment from a macro perspective.

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