Last week, two central government authorities on Hong

 Kong affairs, the Hong Kong and Macao Affairs Office of the State Counc

il, and the Liaison Office of the Central People’s Government in the Hong Kong SAR, have also

expressed their support for the proposed amendments to Hong Kong’s extradition law.

A new United Nations report concludes that high trade tensions

and policy uncertainty are damaging global economic growth prospects.

A further escalation of the trade dispute between the US and China threatens both short- and mediu

m-term global growth prospects, according to the United Nations World Economic Situation and Pro

spects (WESP) mid-2019 report released Tuesday at UN headquarters in New York.

The report said that global merchandise trade-volume growth has slo

wed more sharply than expected, particularly in late 2018 and early

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Recent monetary and fiscal stimulus measures are expe

cted to bolster domestic demand, partially offsetting the adverse impact of trade tariffs on overall growth,” the report said.

The US recently signaled its intention to impose additional tariffs on the European Union, primarily targeted at the

aircraft and food industries. It is in addition to the imposition of steel and aluminum tariffs that are already in place.

Amid unresolved trade disputes and higher tariffs, the projected growth of world tra

de has been revised downwards to 2.7 percent in 2019, slowing markedly from 3.4 percent in 2018.

The report warns that “the impact of a spiral of additional tariffs and retalia

tions would not only dampen growth of these large economies, but also have severe spi

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The number of unicorns in a given city is often consid

ered a barometer of innovation and entrepreneurship.

The majority of China’s unicorns are based in Beijing, Shanghai, Hangzhou and Shenzhe

n, with a combined number of 156, 19 more than the previous year and accounting for 77.2 percent of the total.

Nanjing, Guangzhou, Wuhan and Qingdao are new gathering places for unicorns, the report said.

Driven by global capital, China’s unicorns have accelerated the pa

ce at which they go public, with unicorns now taking an average of 71 months to IPO.

From January 2017 to May 2019, 36 unicorns were listed on the global stock market, with eight in 2017 and 21 in 2018.

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The corn kernels burst out even in the cornstalk, just like

 popcorn,” said Liu Yueming, a technician in the promotion of scientific cultivation i

n the province. “It felt like the surface temperature was as high as 60 C. It’s a catastrophe.”

He said that some springs in a village called Haikou had drie

d up and the villagers didn’t have enough drinking water. “The village has 29 small water res

ervoirs, however, 14 of them have been used up so far. The drought is beyond imagination.”

“The villagers are doing everything they can to have enough drinki

ng water and then to also save as much as possible for their crops,” he added.

The region is also at greater risk of forest fires because of the high temperatures and low humidity.

The Yunnan Meteorological Bureau warned the public on May 13 about more dry

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improved markedly. Their population has grown fro

rom about 2 million in the 1950s to about 13 million, and their religious rights and practices are protected by the law.

Nor would it adopt a double standard and criticize China’s efforts to counter terrorism and extremism. Last year, tourists fr

om home and abroad paid more than 150 million trips to Xinjiang, thanks to the improved security situation in

the region. That Xinjiang has not witnessed any violent or terrorist incidents in recent years proves the effect

iveness of the joint efforts of the government and local people in maintaining regional peace and stability.

Xinjiang is undoubtedly in its best development stage in histo

ry. Facts speak louder than words, but still they cannot wake up persons pretending to be asleep.

The targeting of Hikvision is just par for the course for the curren

t US administration, which is obsessed with impeding China’s development.

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Also, these new first-tier cities have preferential po

policies for residence permits and financial incentives to lure more talent.

For example, Zhenjiang in Jiangsu province, promised bonuses of 150,000 and 200,000 yuan for house purchases to gradua

tes with master’s and doctoral degrees, respectively, after they work in the city for three years.

Haikou, capital of Hainan province, is attracting college students with a monthly rent s

ubsidy of 1,500 yuan, with an 18,000-yuan allowance to graduates who decide to buy an apartment there.

Employment, especially some groups such as college gradu

ates and demobilized military staff, remains a priority to the government.

Premier Li Keqiang said at a teleconference on May 13 that employme

nt pressure will be felt this year by a larger number of college graduates. However, promotin

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hina Eastern asks Boeing for 737 MAX compensation

hina Eastern Airlines confirmed to news outlet The Paper on Tuesday it has

officially lodged claims with Boeing for losses cause

d by the 737 MAX’s grounding and late delivery, adding the two companies will stay in communication over the issue.

The move makes China Eastern Airlines the first airline in China to ask Boeing for compensation, as the 737 M

AX suffered worldwide suspensions after two deadly crashes which took more than 300 lives in six months.

Fourteen Boeing 737 MAX jets under China Eastern Airlines have been grounded since March 11.

Boeing stressed that it refused to talk about any communications with its clients.

Bloomberg cited people with knowledge of the matter last Wednesday, saying

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It indicated that nearly 70 percent of tourists traveled over

d overseas to see wildlife at least twice a year. Asia, Africa and Europe are the top three destinations.

About 60 percent of interviewees said they would refuse to take part in tours that migh

t interrupt the normal life of animals in the wild or be harmful to them, even if such a tour might be exclusive.

More than 70 percent of tourists said they are glad to choose tours wit

h higher prices and which take more time in order to be more in touch with the wildlife.

“Wildlife watching has attracted millions of tourists annually and many travelers are driven by the affection of animals. Ho

wever, some activities on such tours have had an adverse impact on the wildlife,” Zhao said.

He said hundreds of thousands of wild animals across the world are taken away from natural habitats, forced into cap

tivity and subjected to abuse, both mentally and physically, in the name of entertainment and profit.

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However, the temperature now is about 30 C, much hig

higher than in previous years,” she said. “Also, the rainy season is supposed to begin after the May Day holiday, but I haven’t seen a drop of rain so far.”

Data from the National Climate Center shows that the average rainfall from April 1 to May 17 is 35.3 millim

eters, down almost two-thirds from the same period last year, the least recorded rainfall over that period since 1961.

In addition to the drought, the average temperature is 1.9 C higher than average for the period, the highest since 1961.

Chen, the chief forecaster, said that according to the mid- to long-term forecast ra

infall will relieve drought in the eastern part of Yunnan province, though its western part will still be plagued by the drought.

Surveillance from the National Climate Center shows that

drought is also occurring in the Inner Mongolia and Guangxi Zhuang autonomous regions, as well

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Weaker economic growth puts at risk essential invest

ments in areas such as education, health, climate change adaptation and sustainable infrastructure.

The growth outlook in all major developed economies and most developin

g regions has weakened due to a confluence of both domestic and external factors, the report said.

Following an expansion of 3 percent in 2018, world gross product growth is now projected to moderat

e to 2.7 percent in 2019 and 2.9 percent in 2020, reflecting a downward revision from the forecasts released in January.

The report identifies several downside risks that could trigger a sharper or more prolonged growth slowdown, potentially infl

icting significant damage on development progress. Those risks include a further escalation in trade te

nsions, a sudden deterioration in financial conditions, and the accelerating effects of climate change.

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