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For comparison, China’s economy shrank 6.8% in the first quarter. Marketplace China correspondent Jennifer Pak has more on this from Shanghai. The follow is an edited transcript of her conversation with Marketplace’s Sabri Ben-Achour.
Sabri Ben-Achour: So what does an economic rebound look like on the streets of Shanghai?On the surface, it looks like everything is back to normal, except most people are still wearing face masks. Popular shops and restaurants — those that are still open that is — are full on weekends, but I’m starting to see a number of small shops posting signs, looking for someone to take over their lease. So times are a bit tough.
Ben-Achour: And 3.2% year over year, that’s a big turnaround from the almost 7% contraction in the first quarter alone. How did China manage that?
Pak: Well, it’s partly due to the authorities being quite aggressive about containing the coronavirus — of course, after initially dragging their feet. They went from sealing off whole cities and provinces with high infection rates to now doing widespread testing and tracing. For example, there was an outbreak recently in Beijing, and that’s what they did. So now what we’re seeing are road construction projects, factories churning out more products. But there isn’t that much demand for that stuff, especially in the U.S. or Europe. So millions of people are out of work. Officials say unemployment for June still hovers close to 6%.
Ben-Achour: Well, 6% is far better than double-digit unemployment rates in the U.S. Does this mean that the U.S. and the rest of the world could rely on Chinese consumers?
Pak: Maybe not. That unemployment figure it doesn’t really account for millions of workers from the countryside who are in the cities and jobless. And, unlike the U.S., China’s government has not been giving cash handouts to its citizens. People are watching what they spend, so retail sales remain fairly weak, falling 1.8% last month compared to a year earlier.
When the quarantine is no longer needed, come visit me in Shanghai!”To get more latest Shanghai news, you can visit shine news official website.
That was my grand invitation to colleagues and friends before I took
up my position as Lianhe Zaobao’s Shanghai correspondent. However, I
knew I was too ambitious the moment I landed in Shanghai. Not
considering the 14-day centralised quarantine, international flights and
customs clearance procedures during the pandemic were already enough to
turn avid travellers away.
The air was tense before I boarded the plane and departed for Shanghai.
Singapore Changi Airport’s departure hall stood empty. There were no
tearful goodbyes. A handful of people walked past hastily, in silence.
Stores were shuttered. Of the few that were open, customer greetings had
changed from a friendly “Welcome!” to a reminder to “check-in digitally
by scanning the QR code”.
Knowing that I would be stuck in an enclosed cabin for five hours, I decided to put on a face shield in addition to my medical mask, thinking that two layers of protection would suffice. It was not until I saw how securely protected the other travellers were that I realised the insignificance of my so-called protective measures. More than half of the travellers in the waiting area were in snow white personal protective equipment (PPE) complete with N95 face masks, face shields, and hats. Some people even wore disposable foot covers, determined to thoroughly protect themselves from head to toe.
However, due to the multiple layers of protection, some people
recorded higher body temperatures while boarding. They had to remove
their hats to lower their body temperatures before joining the queue
again. The PPEs also made going to the toilet a cumbersome task, and
many passengers chose to not eat or drink throughout the flight. For the
first time ever, I was able to use the lavatory without having to
queue.
While the number of protection measures have increased, inflight
services have been reduced. Inflight meal services are no longer
available on the Singapore Airlines’ flight to Shanghai, while inflight
products are distributed before boarding the aircraft. These include a
bag of snacks and drinks, a kit containing a surgical mask,
anti-bacterial wipes and a hand sanitiser, and a pair of headphones for
the inflight entertainment system.
Three hours into the flight, the air stewardesses emerged again — not with meals and drinks — but with thermometers to measure body temperatures and check if the passengers were feeling alright.After more than five hours, the plane landed at Shanghai Pudong International Airport. Passengers seated at the front rows excitedly stood up and reached for their bags, but were immediately stopped by the air stewardesses. A moment later, two Chinese customs quarantine officers entered the cabin. They checked the passenger list and ensured that all of us had completed our online health declarations before the flight. The passengers disembarked in batches, while those who failed to submit their health declarations were the last to leave.
Then came Covid-19 testing. We were given a coronavirus sampling sheet and a test tube after presenting our health codes to the quarantine officers. We then headed to the test site that was ten minutes away from the collection point via a temporarily built passageway. I knew nasal swab tests could easily cause discomfort and was secretly relieved when I heard that we were going to take a blood test. To my horror, I was asked to tilt my head backwards after the blood test. I screamed, “Isn’t a blood test enough?” The swabber replied calmly, “After I swabbed both sides of the nose, I would also need to do a throat swab. Then only would the results be accurate.”
The Chinese government has stopped renewing press credentials for foreign journalists working for American news organizations in China and has implied it will proceed with expulsions if the Trump administration takes further action against Chinese media employees in the United States, according to six people with knowledge of the events.To get more China latest news, you can visit shine news official website.
The actions and threats raise the stakes in the continuing cycles of retribution between Washington and Beijing over news media organizations. Those rounds of retaliation are a prominent element of a much broader downward spiral in U.S.-China relations, one that involves mutually hostile policies and actions over trade, technology, education, diplomatic missions, Taiwan and military presence in Asia.
American news organizations immediately affected by China’s latest actions include CNN, The Wall Street Journal and Getty Images. Journalists from all three organizations tried to renew press cards with the Foreign Ministry last week, but were told the cards, which are usually good for one year, could not be renewed. In total, at least five journalists in four organizations have been affected, several reporters said.
One journalist said Foreign Ministry officials told him that his fate depended on whether the United States decided in the fall to renew the visas of Chinese journalists working in America who are under new visa regulations imposed by the Department of Homeland Security in May. Other journalists have received similar messages.
The journalist said he was told by Chinese officials that if the Trump administration decided to expel Chinese journalists, Beijing would take reciprocal action. Many of the Chinese journalists work for state-run news organizations.
Foreign journalists working in China must renew their press cards to get new residence permits from the Public Security Bureau, the main police organization. The residence permits are the equivalent of visas that allow foreigners to live in China. The journalists with expired press cards were told by police officials after their discussions with Foreign Ministry officials that they would be given residence permits that are good until November 6.
They were given letters from the Foreign Ministry that said they could continue to work in China for the time being despite the expired press cards, according to a copy of one such letter obtained by The New York Times.
The early November end point for the residence permits corresponds to when the Trump administration might decide not to renew visas for many Chinese news media employees in the United States, which would result in their expulsions.
In May, the administration announced that all Chinese journalists would now have 90-day work visas — a significant reduction from the open-ended, single-entry visas they had gotten previously. The journalists would be allowed to apply for extensions of 90 days each. In early August, the visas expired, but the Department of Homeland Security, in consultation with the State Department, did not expel any of the Chinese journalists or renew their visas, which meant they got a de facto extension of 90 days, according to the language of the new regulation.
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The $20 trillion U.S. Treasury market is giving the Federal Reserve a thumbs-up for its efforts to revive inflation after the coronavirus pandemic threatened to inflict a damaging bout of deflation on the U.S. economy.
A surge in gold prices above $2,000 and ounce and a weakening dollar have also focused attention on the outlook for inflation. If investors are betting price increases will accelerate, the hope is that consumers and companies spend enough for that to happen, given inflation is still well below the Feds 2% target. That goal has never been reached on a sustained basis since it was adopted in 2012.
But Fed officials are more worried about the economy running out of steam than overheating. Theyre warning Congress about the dangers of spending too little, not splurging too much.
There are already signs that the pickup in inflation pricing wont continue to accelerate at the same pace, and that means the Fed is likely to keep monetary policy loose -- perhaps even looser than now -- for years to come in the belief it can adjust if inflation suddenly surges.
The market signals are “exactly what the Federal Open Market Committee should want to see at this juncture when inflation expectations are too low and policy space is limited,” Evercore ISI vice chairman Krishna Guha wrote in a note to clients.
Ten-year breakeven rates –- which combine the yields on standard and inflation-linked Treasuries into a measure of what bond markets expect consumer prices to do -- have jumped to about 1.69%, from as low as 0.47% in March.
Actual consumer prices rose 1% in July from a year ago, pushing core inflation to a four-month high of 1.6%. And consumer expectations for inflation in three years time increased to 2.73%, the most in more than a year.
But economists generally saw the pickup as a reversal of distortions created by the virus lockdown, rather than a red flag. Fed Bank of Boston President Eric Rosengren agreed.
“It is very premature to be concerned about a significant increase in inflation,” Rosengren told Bloomberg Television. He said its “critically important” for Congress to provide more fiscal support for the economy.
The White House and Democratic leaders are arguing over how much additional money is needed. Key parts of the government rescue effort, like extra unemployment benefits, have begun to expire –- a potential drag on demand, just as a resurgent virus sets back efforts to reopen the economy.
With 12 years experience in Forex Trading, he do live trading in you.tube with 20,000 subscribers and live training in facebook with 30,000 follower everyday non stop.
He focus on financial intelligence and wealth creation pragmatic approach in setting trading plan, goals and daily process to make decision carefully.
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WikiFX App is a third-party inquiry platform for company profiles.WikiFX has collected 17001 forex brokers and 30 regulators and recovered over 300,000,000.00 USD of the victims.
It, possessed by Wiki Co., LIMITED that was established in Hong Kong Special Administrative Region of China, mainly provides basic information inquiry, regulatory license inquiry, credit evaluation for the listed brokers, platform identification and other services. At the same time, Wiki has set up affiliated branches or offices in Hong Kong, Australia, Indonesia, Vietnam, Thailand and Cyprus and has promoted WikiFX to global users in more than 14 different languages, offering them an opportunity to fully appreciate and enjoy the convenience Chinese Internet technology brings. WikiFXs social media account as below:
In order to help more investors, WikiFX has launched the “Wiki Fair” forum, which aims to provide urgently needed and professional services to Nigerian forex investors.
The exposure function of “Wiki Fair” includes the following features:
1: Allow investors who have been defrauded by illegal broker to complain directly in the forum (as shown in the screenshots)
As long as there is sufficient evidence, a review panel and an executive team will contact the broker to discuss the complaint or expose it directly through the media. Here are the exposure channels:
The art of trend following or trend spotting is something that is not new. Traders and investors have been doing it for years.
I have personally tried scalping, day trading, swing trading and position trading. I prefer long term trading any day.
So, I want to give you 3 main reasons why learning to spot trend is essential.
1. It is a popular strategy among professional traders
What if you bought gold when it dropped during the 2008 financial crisis and then closed your eyes from that point onwards？ You would have made a handsome profit and return just from buying and holding.
One thing that is common among many retail traders is that they are very technical focused and they are more inclined to get into day trading.
While day trading may be profitable for a small group of traders, theres no harm to look at what the big boys are doing.
Professional traders are mostly fundamentals focused and they make decisions based on leading economic indicators like surveys, housing starts & M2 money supply rather than lagging economic indicators like inflation rates & new home sales.
Unfortunately, retail traders are trading based on what the lagging economic indicators are telling them. That is why they lose big time.
Professional traders hold their trades for months to ride the trend. While this method may not be suitable for everyone, the big trends are where the big profits are made.
2. Less stress, less headaches
One of my favourite aspects about holding a trade for weeks and months is that it can free up time for me to do other things. Of course, I have to do the initial research before I put on the trade.
But once I‘ve put on a position, I don’t really have to stare at the charts all day, which is what a lot of beginner retail traders do.
With that said, Ive tried scalping and day trading when I first started out as a trader.
I find that I‘m mak ing more trades but yet my profits didn’t increase by a significant amount. In fact, my attempt to scalp led to losses. Maybe scalping just isnt for me.
Most fans may know that WOW Classic is being launched in a series of stages as planned. The first phase was officially launched, and the second phase was designed to provide the basis for Classic Battlegrounds and the next batch of endgame content. Although some players are already anxiously awaiting this content, the vast majority of players are still slowly completing many areas and missions of the game through buy gold classic WOW as they reach the highest level at a more reasonable speed.
From the beginning, it sounds like WOW official plans to set the release schedule of the classic stage of WOW to the speed of the average player in the game. Obviously, developers don't want the most stubborn players to be bored in the final game, but need to maintain a certain balance. Ordinary players should not feel that Molten Core is meaningless when they reach the age of 60. That's certainly not the original vanilla experience, so this time it shouldn't.
In a recent discussion, Ion had the following observations on the duration of each phase and how the release schedule worked:
"Try to keep it a bit flexible. If you were to ask me to ballpark a random number, I’d say for the first couple: probably around a couple of months. Part of it is that we don’t want people to feel ridiculously pressured to powerlevel if they want to participate in the next steps. But it’s something where we don’t want to lay out a rigid schedule ahead of time because we want to remain flexible looking at how the community is advancing. If people are still working their way through Blackwing Lair and Zul’Gurub and only a handful of guilds feel like they’ve defeated Nefarion, and even then they still have tons and tons of gear that they want we don’t want to rush Ahn’Qiraj out and kind of undercut that experience if most players aren’t ready for it. So I think I would say Phase 1 to 2 would probably be one of the faster progressions because we would want to get Dire Maul out there, the beginnings of the PvP system, a couple of world bosses. And then beyond that it’s just going to be watching how players are dealing with the content."
With this in mind, it makes sense to have a fairly long time between stages. The first phase to the second phase may be the fastest leap, as players compete for the first PvP battlefield to arrive. The second phase may be launched sometime this fall or early winter. We will invest the second phase of the time frame from December 2019 to January 2020.
As for the subsequent stages, it seems that the interval between each stage may be longer so that players can browse new content at a reasonable speed. The third phase will arrive in the summer of 2020, which seems to be a good choice, although most hardcore players will definitely find it too far away. Keep in mind that developers are paying more attention to the average progress, and the World First Guild will not determine progress for these releases.
Priest healer guide - Preist talent spec and build
The more clearly defined healing class in WOW Classic, the Priest is a well-rounded healer will access to not only bountiful heals, but plentiful shield and buffs, too. They can only use armor armor, so if the mob escapes the tank holder, they are vulnerable to greater damage and have to fight other casters to prevent falling. Literally, lower-level spells can be difficult to cope with changing needs and the conservation of mana, but the slowness of adopting this approach does not stop newcomers.
Considering that we are looking for a 15-20 level of this guide, designating it as Holy will not have a major impact on the solo level and will significantly increase the healing potential. At the same time choose treatment focus and sacred specialization, so that the treatment effect is occasionally improved without having to panic because of the displaced enemy, because these enemies will weaken your outing skills.
Shaman healer guide - Shamen talent spec and build
Having access to a shield makes the Shaman a bulkier healer than the Priest. Their totems provide a beneficial gain, and their main healing spells - healing waves - become stronger each time they are subsequently cast against the same target. This makes the shaman's mechanical strength heavier than other therapists, requiring players to think more about the effects of their spells to maximize their mana efficiency.
Just like their simple treatment, an effective 15 to 20 shaman build is easy to understand. Maximizing improved healing waves and tidal focus in the recovery tree will make your treatment faster and consume less mana in the long run. This means less treatment time and greatly reduces the fear of running mana reserves.A visually odd choice of healer given their use of heavy armor and shields, the Paladin is a competent healer with the kind of survivability newcomers can get behind. They even have the least amount of dedicated healing spells to toss out. They're more known for helpful buffs than their heals, but they get the job done and should be seen as a very beginner-friendly choice.
The whole point of the healer Paladin talent tree is to unlock Holy Shock. But it's at the bottom of the Holy tree and not somewhere we'll reach when in our first few dungeon runs. The focus eventually turns to improving party buffs, but we'll make a start on the Holy tree to grab the increased Intellect from Divine Intellect and the healing spell knockback reduction from Spiritual Focus.
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