Luo also noted that inte上海会所mpanies are the new

 this endeavor. Youku started its digital restoration project in 2017, with many results. E

arlier this year, iQiyi also launched its own restoration project featuring the use of ZoomAI, a video-en上海会所

hancing solution devised by the company, to restore and remaster 50 select TV dramas.

上海会所Before the adoption of new technologies, restoration of the old works, most often in lower resolution, was done manually and it

took a day to restore a 40-minute-long episode. Now, iQiyi’s ZoomAI software, comprising algorithm modules suc

h as color enhancement, sharpening, and white balance, can restore a high resolution feature film in just one hour.上海会所

The restoration process starts with scanning the film negatives or prints into a digital pict

上海会所品茶微信ure and raw sound format. Then each frame of the scanned material undergoes an automated digital res

oration process that involves the correction of color, brightness, and contrast. The process also involves the dig

ital removal of scratches and unnecessary noises, restoration and remastering of sound, said Liu Junhui, a senior director from iQiyi.上海会所

Even with the aid of AI technologies, digital restoration of old productions is no mean fea

上海会所品茶微信t, as increasing the image resolution is one thing, but restoring its original texture is quite another, which requ

ires technologies, as well as a craftsmanship spirit. For instance, 30-plus members of the Youku digital res

toration team worked for as long as a month to fully restore the 1983 megahit, The Bund.

“Our team has made various attempts to enhance audiences’ viewing experien上海会所

ce. If only the definition is increased through transcoding, audiences may feel that the im

ages have been doctored through filters. So we went to great lengths to restore the texture that is unique to the pe

riod when the classical series was shot,” said Guo Linna, a senior visual optimization engineer from Youku. 上海会所品茶微信

Though Youku’s digital restoration team is made up of no more than 40 members who

do not work full time, every week it can restore 100-plus episodes of old TV dramas.

Speaking of her original motivation, Guo said that she chose to restore those old TV series because on the one hand, she wa

上海会所品茶微信nted the post-80s generation to have better access to recalling childhood memories, and on the other hand, she wan

ted the younger generation to gain new experience through watching these classic works.

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The country’s GDP gre上海会所ent in the first quar

uarter, which represented the 14th consecutive quarter in the 6.4 percent to 6.8 percent range.

The country added 4.59 million urban jobs in the first four months, with total imports and expo上海会所品茶微信

rts up by 4.3 percent year-on-year and its foreign exchange reserves remaining above $3 trillion.

上海会所品茶微信Xi said there will be ample factors to reinfo

rce the steady, healthy and sustainable growth of the Chinese economy.

The president called the country’s large pool of resources a primary factor. C上海会所

hina has a population of nearly 1.4 billion, a 900-million-strong workforce, the w

orld’s largest middle-income population and over 100 million market entities.上海会所

47-year-old woman who suffered terminal kidney failure was saved after a transplant su

rgery using two kidneys from a donor who weighed just 1.3 kilograms – the lightest ki上海会所品茶微信

dney donor ever reported worldwide – a newspaper in Hubei province has reported.

上海会所The woman, surnamed Wang, from Duchang county, Jiangxi province, was diagnos

ed with uremia in June 2018 at Wuhan Union Hospital and had the transplant surgery at

the same hospital in July last year, Chutian Metropolis Daily reported on Wednesday.上海会所品茶微信

The kidneys used in the surgery came from a premature ba

by whose parents decided to donate after the baby’s death, the report said.

上海会所Following a year’s treatment, the baby’s kidneys have grown to the size of an adult’s and function healthily.

Wang has recovered her health, the hospital said.

The donor is now the lightest kidney donor in the world, the hospital announced on Wednesday.

Transplant surgeries using kidneys donated by infants are difficult, and infants w上海会所品茶微信

ho weigh less than five kilograms are not considered sources of organs in many countries, the hospital said.

The success of the surgery in Wuhan means sources of kidney for transplant surgeries

will be greatly expanded to include early infants, which will ease the gap between the number of organs don

ated and the number of patients with terminal kidney diseases waiting for transplant surgeries in China, the hospital said.

uozyxg.cn

On the other hand,上海会所he past, the Fed now has t

to take the delayed effect of balance sheet reduction conducted earlier into its consideration of rate cuts. The current phase-out of balanc

上海会所e sheet reduction already has some easing effect, and only after the balance sheet reduction ends in September, can its impact become clearer.

By incorporating that impact into consideration, the Fed can draw up a better rate cut plan that maximizes effects of the policy mix.上海会所

Thirdly, the market may have overestimated how much the Fed will cut the rates. There may be no more than three rate cuts by the end of 2020.

St. Louis Fed President James Bullard – the major advocate of this

round of rate cut – has suggested the use of the modern-day Taylor rule, which fairly well explains th上海会所

e Fed’s interest rate decisions. Even based on this model adopted by dovish Fed officials, we found that the degree of rate cuts may be weaker than m

上海会所arket expectation for quite some time going forward: at most one cut by the end of this year and likely two or three cuts by the end of 2020.

By contrast, before the June FOMC meeting, the market expected a higher-than-85-percent chance of more than one rate cut by the

end of this year as well as an about 60-percent chance of more than three cuts by the end of 2020, according to Bloomberg data.上海会所品茶微信

In conclusion, we think as economic downside pressure gradually emerges, the Fed will have to kick off the rate cut cycle. But the rate cut si上海会所品茶微信

gnal, timing and degree may not measure up to the market expectation. Therefore, two future developments appear possible:

First, investor sentiment can reverse drastically if the Fed’s action fails to meet market expec上海会所品茶微信

tation. Considering the market has fully priced in the unrealistic expectation of rate cuts sinc

e early June, any reversal of expectation can lead to short-term fluctuations of key price signals such as the US Treasury yield cu

rve, the US Dollar Index, and the gold price, which may pose extensive spillover shocks to asset portfolios.

Second, the long-term trend of rate cuts will continue even if the market expectation reverses. In the long

run, the Fed is expected to proceed with rate cuts in a fairly slow and smooth way. This will enlarge the monetary policy room of ot

her major economies and expedite the shift toward an easing global monetary environment, which may in turn lift the sen

timent of global stock markets and ease any currency risk of emerging markets gradually.

Cheng Shi is the managing director, head of research and chief economist of ICBC Interna

tional Holdings Ltd.Qian Zhijun is a senior economist of ICBC International Holdings Ltd.

chitudoudemao.cn

ion yuan in reducing tax and fee burdens, the figure in

As China’s measures to cut taxes and fees have been running on all cylinders, the coun

try has sla上海会所shed 893 billion yuan ($129.96 billion) in fiscal revenue from January to May, w

ith 109 million people’s salaries free from taxation, datafrom the State Taxation Administration showed on Thursday.上海会所

Compared with the annual target of 2 trillion yuan in reducing tax and fee burdens, the figure in the first five months ind

上海会所女神会所icated the task was 44 percent complete, said Zhang Yiqun, an expert in finance and taxation, adding China fare

s well in large-scale tax cuts and fee reductions and will definitely attain its goal in the end, according to Securities Daily.上海会所

Specifically, the newly issued tax-cut policies this year whittled down 351.1 billion yuan. Of the figure, 221.8 billion yuan boiled down t

o the deepening reform on value-added tax and 91.7 billion to inclusive policies for small and micro

上海会所 enterprises and special expense deductions for individual income tax. Meanwhile, 460.4 billion yuan were attributed to carryover effects of tax-reduction policies implemented since last year.

 new round of reductions in value-added tax rates started to take effect from April 1. A pullback of 221.8 billion yuan in overall taxation was accomplished between Ap上海会所ri

l and May, involving all industries, according to the official data, which also revealed manufacturing saved the most from the tax policy during the period, totaling 97 billion yuan, while the wholesale and retail industry achieved 80.8 billion yuan.上海会所女神会所

Privately and individually owned businesses are the biggest beneficiaries of inclusive policies targeting small and micro

enterprises, accounting for 83.4 percent in the total cuts of 66.8 billion yuan, achieved through implementing relevant policies.

Increasing the pre-tax deduction ratio for research and d上海会所女神会所evelopment expenses added a tax reduction of 87.8 billion yuan.

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She said whoever as上海会所品茶微信rship should be stro

strong and popu上海会所品茶微信lar enough and able to connect with European citizens

who showed the highest turnout in 20 years in the elections for the European Parliament in late May.

“They should be able to work in an efficient manner with world leaders and be strong enough to galvani

ze worldwide support. We live in a very challenging world, and Europe needs strong and effective leadership,” Islam said.

There have been major disagreements between leaders of the two major member states. German Chancellor Angela Merkel favors the process of lead candi

date, known as Spitzenkandidaten in German. She supported Manfred Weber, the lead candidate of the center-ri

ght EPP, the largest bloc in the European Parliament, a bloc of which Merkel is a member.

But French President Emmanuel Macron and some other EU leaders oppose Weber to replace Jean-Claude Juncker as president of European Commission.

exstorm.org

And the process to re上海会所女神会所 nuclear issue can

 achieve progress o上海会所女神会所nly if the neighboring countries including China, the Republic of Korea, Japan and Russia can

mediate between Pyongyang and Washington and bring them back to the negotiation table. Joint third-party eff

orts have become even more necessary now that the US-DPRK talks are deadlocked.

If the neighboring countries are willing to provide large-scale economic help to the DPRK, the latter could take active part in global affairs while expediting its denu

clearization process. And if the DPRK integrates with the international community, it will learn from China’s ope

ning-up experience how to accelerate its economic development for the benefit of its people.

Jin Qiangyi, head of International Politics Institute at Yanbian University

Strong China-DPRK ties key to peninsula stability

Xi was invited by top DPRK leader Kim Jong-un to visit the country and chose to do so in

the year marking the 70th anniversary of the establishment of Beijing-Pyongya

eblqb.cn

ing addresses the 1上海会所女神会所 Council of Heads of

President calls 上海会所女神会所on members to support regional links to Belt and Road Initiative

Members of the Shanghai Cooperation Organization should follow the trend of economic globalization and

build the SCO into a community with a shared future, President Xi Jinping said on Friday.

Xi made the remark while delivering a speech at the 19th

meeting of the Council of Heads of State of the SCO in Bishkek, Kyrgyzstan’s capital.

SCO members should promote the multilateral trading system, buil

d an open global economy and put forward more policies to facilitate trade and investment, he said.

Xi proposed making full use of cooperation platforms such as the China Intern

ational Import Expo to promote the openness, exchanges and integration of regional economies.

www.fangzhenjiang.cn

inopec establish joint venture with Russian companie

hina Petrole上海会所品茶微信um and Chemical Corp, the world’s larg

est refiner by volume, has agreed to establish a joint venture with Russia’s Novatek and Gazp

rombank to market natural and liquefied natural gas (LNG) in China, Sinopec said on Thursday.

The agreement, which aims to sell LNG produced by Novatek in the Arctic, was signed fo

llowing talks in Moscow between Russian President, Vladimir Putin, and Chinese President, Xi Jinping.

The agreement will be of considerable economic and social benefit an

d will further diversify China’s natural gas imports, while meeting ever-increasing ga

s demand in the country, said Dai Houliang, China Petrochemical Corp president.

www.aaart.org.cn

mier Li Keqiang presides over a State Council meeting on

上海会所品茶微信Premier Li Keqiang called for greater strides in reform and opening-up to stimulate market vitality and to tra

nsform and upgrade economic structure in revitalizing the rust belt in Northeast China.

Li’s remarks came as he presided over a State Council meeti

ng on Thursday on revitalizing the country’s traditional industrial bases.

He underscored the importance of transforming government functions a

nd bettering the business environment, and urged government departments to offer m

ore support to provinces in the Northeast in streamlining administration.

The tax cuts and fee reduction policies must be implemented in full, and the country w

ill make the region a priority in special transfer payments to localities, he said.

The reform of State-owned enterprises must be moved forwa

rd, and more work must be done to expand the private sector, he said.

changjiangjiaoxiang.cn

Low travel costs may stimulate college students to trave

el more frequently, and enable them to have higher budgets for spending on accommodati

on and destination entertainments,” said Sun Peiming, director of e-commerce at Sichuan Airlines.

Last year, along with graduate students, there were 37 million enrolled college students in the country,

according to the National Bureau of Statistics. In 2018, students registered on Qunar flew 4.4 time

s annually on average, higher than the average of 3.45 times nationwide, according to the company.

“Low prices have a decisive impact on their choices. Compani

es that provide cheaper options will attract more students and gain the initiative in seizing tho

se future backbone consumers,” said Liu Simin, a researcher at the Beijing Foreign Studies University.

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