Mei likely formed her opinions about the difficulties of reaching Sichuan by reading a poem by Li Bai (701 to 762) who penned the famous line about it being as hard to reach as heaven. The poem is required reading for every Chinese school student, and there is a kernel of truth at its center.
Meanwhile, the focus is now squarely on central banks and monetary policy. We continue to expect the Federal Reserve to deliver 50 basis points in rate cuts this year, with the first cut of 25 bp at the meeting this month-end and the European Central Bank to respond with the introduction of tiering and a first rate cut in September.
Meanwhile, the service sector rose 7.7 percent year-on-year in the first quarter, outpacing a 3-percent increase in agriculture and 6.4 percent in the secondary industry. It accounted for 56.5 percent of the overall economy.
Medical professionals are seen wearing the face shield developed with the help of Amazon. (Amazon Photo)
Michael Cronan (Photo via Wikipedia)
Meanwhile, the policy blueprint confronts head-on the deep-seated social problems such as the severe housing shortage, stagnant upward social mobility for the youth and the widening wealth gap that have plagued Hong Kong society for years, if not decades, and fueled the political radicalization. Some 2,000 new policy measures aim to diversify the economy, meaningfully increase land and housing supply and facilitate the career development of thousands of young people by subsidizing their employment in mainland cities in the Guangdong-Hong Kong-Macao Greater Bay Area.
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Media outlets are trusted more than the Trump administration, but the disparity along party lines is strong. About 50 percent of Democrats said the national media outlets got the facts right almost all or most of the time, while only 25 percent of Republicans said so.
Meng Hongwei, former Chinese vice-minister of public security and president of Interpol, has been charged with bribery by the Tianjin Municipal People's Procuratorate No 1 Branch, according to the Supreme People's Procuratorate on Friday.
Meeting the press on Friday, Secretary for Education Kevin Yeung Yun-hung said the one-sided question has failed the purpose of the history subject and is thus unsuitable for assessing the students' ability.
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