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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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

China will channel 上海会所品茶微信s from the Belt and

d Road Initiati上海会所品茶微信ve to Africa, he said, adding that both partners should respect market pri

nciples and ensure economic and social benefits to improve the continent’s capacity for sustainable development.

Wang said more than 880 cooperation projects will be carried out in the next three years.

In a news conference on Tuesday afternoon, Vice-Minister of Com

merce Qian Keming said that in their next step, China and Africa will carry out capacity-buil

ding cooperation and promote infrastructure, trade and investment cooperation. China will increase imports fro

m Africa to ensure the continent shares in the huge Chinese market, he added.

Ugandan President Yoweri Museveni said the eight major initiatives have helped address the de

velopment challenges facing African countries and will help guide their cooperation in the right direction.

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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

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tries virtual reality technology in a smart classroom prim

Use of new tec上海会所品茶微信hnologies in online education is breaking boundaries for the nation’s students

Yang Ming, a 33-year-old immobile and partially sighted man from

Chengde, Hebei province, never imagined he could become his family’s “financial adviser”.

However, in late April, he noticed trouble brewing in the financial stat

ements of a company whose stock was owned by his relatives, so he advised selling the shares.

Although they were reluctant at first, his relatives sol上海会所品茶微信d the s

hares at a slight loss, but kept most of their 4,000 yuan ($578) investment intact.

A short time later, the company’s stock went into free fall when the Shanghai Stock Exchange plunged as a result of risi

ng uncertainty over trade negotiations between China and the United States.

guapogang.cn

The world’s second-largest economy maintained its fore

eign exchange reserves at $3.095 trillion at the end of April. The reserve amount was stable, altho

ugh it slightly retreated from $3.098 trillion at the end of March, according to the State Administration of Foreign Exchange.

Li Yang, director of the National Institution for Finance and Development of the Chinese Academy

of Social Sciences, said that China is unlikely to sacrifice foreign exchange reserves to de

fend its currency, even if depreciation pressure rises amid any escalation in trade tension.

In May, the offshore RMB exchange rate against the US dollar dropped more than 3 percen

t under market pressure as global investors worried about the escalation of trade friction.

Guo Shuqing, Party secretary of the People’s Bank of China, the central bank, said on Monday that higher US tariffs on Chin

a’s imports triggered financial market volatility, and this also affected the offshore RMB.

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So far EU ministers have only agreed a modest mandat

 to discuss reductions in tariffs in industrial goods and to seek agreement on conformity assessments. EU Trade Commissioner Cecilia Malmstrom is opp

osed to any quota agreement on cars and has lambasted the national security excuse put forward by the White House.

The most prominent supporter of free trade is the center-right European People’s Party which lost sea

ts largely to right-wing parties opposed to free trade, and to the Greens which want tougher conditions attached to trade deals.

The center-left Socialists are also broadly in support of free trade but lo

st seats, while the pro-trade Liberals (the Alliance of Liberals and Democrats for Europe) gai

ned seats. But the Liberals are now aligned with French President Emmanuel Macron’s En Ma

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By late April, China had been hit by 129 African swin

fever outbreaks, affecting all 31 provinces, municipalities and autonomous regions on the mainland, since the country’s first reported outb

reak in Shenyang, Liaoning province, in August, according to the Ministry of Agriculture and Rural Affairs.

This resulted in more than 1 million pigs being slaughtered to prevent and control the disease, which is deadly to pigs but does no

t affect people. The ministry has called for intensified research and development to expedite the availability of v

accines for disease prevention and control, but admitted difficulties due to the complex nature of the virus.

China is the world’s largest producer and consumer of pork, with an a

nnual production of 700 million pigs. Pork accounts for 62 percent of meat con

sumption in China, and sustained outbreaks of African swine fever will cause devastating consequences to the pi

g industry and endanger China’s food security, the Chinese Academy of Agricultural Sciences said.

ashkk.com

The operation of the infant ward was suspended, and the hosp

ospital was ordered to solve management problems relating to the case, check on the condition of the surviving babies and console the parents.

A deputy director of the health bureau of the Shunde district of Fo

shan, Guangdong, was also fired, and others deemed responsible were punished.

No new case has been reported in the hospitals that have treated the affected babies.

The provincial health commission has ordered all the medical institutions in the province to check their infection-control procedures.

The viral strain that affected the infants was identified by the commission as Echo 11. It is an intestinal virus to which chi

ldren, especially infants, are susceptible. It is closely related to a respiratory infection.

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According to a Palace Museum statement, Shan retired

April 8 and was succeeded by Wang, former director of the Dunhuang Academy.

Shan is well known for his innovative changes to the Palace Museu

m, such as the introduction of a light show during the Lantern Festival.

By the end of 2018 over 80 percent of the Forbidden City had opened to visitors, compared with only 52 percent in 2014.

The Palace Museum established the Palace Museum Research Institute in Nove

mber 2013 as an unincorporated organization for scholarly inquiry and exchange.

The institute includes Palace Museum Institute researchers, scholars in the Palace Museum, and oth

er Chinese and international scholars, all coming together in an atmosphere of open scholarly exchange.

With a sustainable approach, the academy seeks to lead in scholarly developme

nt, formulate research strategies, evaluate scholarly writings, realize Palace Museum research goals, tra

in talent, publish quality material, and conduct international academic exchange.

www.yajkaz.cn