ns limits immediate deterioration in trade relations but offers no indication of breakthro
上海419论坛ughs. Markets abhor uncertainty, and questions swirl around how business will react to unp
redictability over trade, the slowing global economy and Britain’s departure from the European Union.
“In a world where markets are up, the economy is still strong, consumers are spending, you mig上海419论坛
ht imagine you would hear people talking about growth or expansion,” Tom Barkin, president of the F
ederal Reserve Bank in Richmond, told The Wall Street Journal. “What I’m hearing is nervousness.”上海419论坛女神会所
The Fed left interest rates unchanged at its June meeting, but some analysts expect a rate cut when the Federal Open Ma
rket Committee meets July 30-31. However, Goldman Sachs warned that a rate cut could increase expectations for f上海419论坛女神会所
uture easing and this could undermine market stability and become a “channel for political pressure on Fed decisions”.
Trump has called for a rate cut and argued that the current target rate of 2.25 to 2.5 percent constrai上海419论坛
ns the US economy. Analysts at Bank of America warn that the Fed’s willingness to counteract the negative effect of the trade di上海419论坛女神会所
spute on the economy “could encourage an even tougher stance on trade which would trigger even more Fed acco
mmodation, and so on. The end result would be a loss of Fed policy ammunition with an economy that is still soft.”
The US economic recovery, which began in July 2009, is now 10 years old and the longest period of eco
nomic expansion in the nation’s history. Most analysts foresee slower growth ahead, but not a recession.
The Institute for Supply Management (ISM) reported Monday that its index of factory activity nationwide dropped to 51.7 in Jun
e from 52.1 in May, its lowest since October 2016. It was the third consecutive month the index declined. A rea
ding above 50 shows expansion in the manufacturing sector, which represents about 12 percent of the US economy.
The ISM said businesses were concerned about the ongoing US-China trade dispute, especiall
y because it disrupted supply chains and increased uncertainty among manufacturers. However, US factor
ies reported an increase in hiring, including replacement of retirees and adding summer help.
Father-sharing”, a mini interactive program on WeChat platform, recently went viral on social media.
Although the name suggests it is taking the sharing business to a whole new level, the program
is just a promotion campaign by the Guangdong-based furniture maker Oppein.
Similar to a ride-hailing app, the mini program shows different kinds of “fathers” – businessmen, athletes, etc. Users can choose their f
avorite one, just like they select a car. Once the selection is done, a video pops up to explain what exactly is “father-sharing”.
The over 5-minute video focuses on the important role fathers play in raisi
ng a child. Most dads are busy with their work and it’s hard for them to spend time with their c
hildren, and that is where the idea of “father-sharing” business took shape. At the end of the film, the protagonist, a “sh
ared father”, decides to quit his job because he believes family matters, and it cannot be replaced.
both sides have the sincerity to solve the existing problems.
“The purpose decides everything,” Liu said, in English. “China wants a very equal and dignif
ied deal, and under this premise, a good, cooperative deal,” he said. “I hope our US colleagues would understand this.”
Liu said he believed both sides have a strong desire to reach a deal. “We need to work hard tog
ether to surpass the temporary difficult period of time, and then we’ll have a bright future,” he said.
Asked by China Daily how China and the US could help world economic growth, whose p
rospects have been already compromised by the escalation of trade tensions between the two countries, Liu said co
operation serves the interests of the two sides and the whole world, while conflict hurts both.
“We have tremendous common interests and many commo
n foes, only through cooperation could we solve these problems,” Liu said.