The Institute for Fiscal Studies warned that his plans wou

The foreign secretary, Hunt, has proposed reducing the rate of corporation tax paid b

上海会所y companies to 12.5 percent, matching the rate in Ireland among the lowest of any major economy.

The institute disputed the claims of some low-tax advocates that the policy would pay for itself by d

riving up company investment and encouraging overseas companies to locate in Britain.上海会所

More than 1,000 items of military equipment including some of the most advanced weapons and concepts are being exhibited at the Army-2019 Military an

d Technical Forum this week in Kubinka, Russia, a city about 60 kilometers west of Moscow.上海会所品茶微信

More than 1,500 enterprises and organizations are in attendance at the show, which features nearly 27,000 products and technologies. It will last until Sunday.

“This year we’ve invited delegations from over 100 countries to take part in ARMY-2019. Official meetings will be held with 70 of them on the sidelines of the forum. … The level o

上海会所品茶微信f representation of partner countries is quite high this year: Over 30 of them are headed by defense ministers, their deputies and chiefs of the general st

aff,” said Sergey Chemezov, CEO of Rostec, Russia’s state-owned company that specializes in the defenses and military high-tech industries.

Paul Johnson, director of the IFS, said cutting corporation tax, and another promise made by H上海会所品茶微信

unt to raise defense spending, would “leave no scope to relieve the pressure on other areas of pub上海会所

lic spending without tax rises, or a fiscal stance which risked putting debt on a rising path”.

Both Conservative leadership contenders announced this week they will bring down the barriers to talented overseas workers.

Johnson said he would make the UK “much more open” to high-skilled migrants such as scientists, while Hunt prom

ised to scrap the immigration target of keeping net migration below 100,000, which has never been met.

Hunt said: “We’re not going to be a country that changes from Little Britain int

o Little England and pulls down the shutters and says ‘Foreigners not welcome’.”

www.chanquanjiaoyi.cn

Boeing MAX jets were grounded worldwide follow

lowing crashes March 10 in Ethiopia and October 29, 2018, in Indonesia that killed a total of 346 passengers and crew.

上海龙凤Preliminary investigations suggest the aircraft’s Maneuvering Characteristics Augmentation System (MCAS), an autom

ated anti-stall device, apparently forced the noses of Lion Air and Ethiopian Airlines flights down and into a fat

al plunge when it erroneously determined the planes were about to stall. To avoid a stall, MCAS points the nose of the plane down to gain air speed.上海龙凤

There are about 400 MAX jets in service worldwide, including about 97 in China. Wall Street analysts expect Boeing to spend abo

上海龙凤ut $1 billion to update and install new software worldwide to prevent the MCAS system from rep

eatedly pointing the nose of the plane down and to prevent the system from being activated by only one of two exterior sensors.上海龙凤品茶微信

In the interview with the news website Axios, Muilenburg refused to上海龙凤

say the MCAS system was a “red flag” during the MAX’s six-year development and cer

tification process. He said there were a “number of factors” involved in the fatal crashes.上海龙凤品茶微信

Earlier this month, Muilenburg said he expected some MAX jets to return to commercial service by

上海龙凤the end of the summer, but it could be months before the worldwide fleet returns to the air. Boe

上海龙凤品茶微信ing said it has completed the software update for the MCAS system and has tested it on 207 flights totaling 360 hours. The

US Federal Aviation Administration has not said when its review of the updated software will be completed.

www.qiancengdian.cn

McLaren are absolute world leaders in what they do, sho

wcasing the very best that Surrey has to of er,” said Samuels. “The mayor

and the governor thoroughly enjoyed their time there, and it was the perfect way to round of a t

rip which I hope will lead to the further strengthening of links between Liaoning province and Surrey.”

hina and Russia signed two important joint statements, one to develop the lately upgraded bilateral relations and the oth

er to promote world stability during President Xi Jinping’s state visit on Wednesday.

The statements were signed by Xi and Russian President Vladimir Putin at the Kremlin in Moscow.

The two leaders decided on Wednesday to lift the bilateral relationship to a comprehensive strategic partnership of coor

dination for new era, and the two governments issued a joint statement on developing the lifted partnership.

In the other statement, the two governments focus on reinforcing global strategic stability.

trwater.com.cn

This topic has gone viral among Chinese netizens, an

d turned into a red-hot search item on Sina Weibo, China’s equivalent to Twitter.

The gross output value of the Chinese snack industry has reached 2.22 trill

ion yuan, according to a report released in December by the Circulation Industry Pro

motion Center, which is affiliated with the Ministry of Commerce.

Online e-commerce has accelerated the market penetration rate of snack food, cultivating and promoting purchasing habits of

customers, the report said, adding that snacks accounted for nearly 30 percent of the total online food sales.

A total of 15 tons of mahua (fried dough twists) and 10,769 pieces of subing (crispy cookies) sold out

in just four days. An 8-year-old snack company predicted its revenue would top 10 billion yuan this yea

r. All these have shown China’s snack industry is developing at an unprecedented speed.

qianpadag.com

The US’ trade deficit stems from its extremely low natio

nal savings rate and has to be compensated by other countries’ national savings, which in tu

rn adds to the trade deficit. On the other hand, China’s efficiency in the manufacturing industry makes it a lar

ge exporter of manufactured goods to the US and helps it sustain its high savings rate.

A high growth rate means higher trade deficit for US

Given that the US economy is driven by domestic demand, consumpt

ion in particular, instead of exports, a high rate of ec

onomic growth will widen the trade deficit, as it would have to import more products than it exports. In such a sit

uation, the implementation of large-scale infrastructure construction projects would further increase the trade deficit.

www.Love-u.cc

Top regulator says economy set for growthand

Transformation of traditional industries speeding up, riding wave of high tech

The Chinese economy is poised for more vigorous growth after gathering new strength through upgrad

es in traditional industries and accelerating the growth of high-tech industries and emerging sectors.

The country will further expand market access with a nationally unified, annually released and timely adjusted negative list for m

ore market vitality, according to the National Development and Reform Commission, China’s top economic regulator.

Meng Wei, spokeswoman of the commission, said at a media conference on Fri

day that China has made steady progress in cultivating new momentum and promoting t

www.fangzhenjiang.cn