Most of the tunnels along the Lhasa-Nyingchi section of the Sich
上海夜网品茶微信uan-Tibet Railway have been completed, railway authorities said over the weekend.
The Bukamu Tunnel, one of the longest tunnels on the railway linking Lha上海夜网
sa and Nyingchi in Southwest China’s Tibet autonomous region, was completed on Fr
iday. With its completion, 96 percent of the tunnels on the Lhasa-Nyingchi section of the railway are finished.上海夜网
The 9,240-meter Bukamu Tunnel is located in Manling county of the reg
ion’s eastern Nyingchi city. According to the China Railway 17th Bureau Group, and it is
also the 37th tunnel to be completed for this section, leaving 10 other tunnels to be finished by the end of the year.上海夜网品茶微信
“Once construction began in October 2015, it took more than 300 workers 1,234 days to complete the tunnel,” said Y
an Qingjing, an official of the Lhasa-Nyingchi Railway Headquarters, which is part of the group.上海夜网
“The oxygen level in the region is merely 50 percent that of the plain are
as, with the tunnel’s location at an average elevation of 3,000 meters above sea level, a上海夜网品茶微信
nd the oxygen level inside the tunnel is only 19 percent of that of the plain areas,” Yan said.
The group’s statistics show that more than 90 percent of the tunnel is rock burst section, and that more than 3,000 ro上海夜网
ck bursts were counted during construction of the tunnel, with an average daily burst of three.
Wang Shucheng, director of the project, said the tunnel’s depth reaches上海夜网
1,381 meters at one point, and high geostress inside causes the tunnel’s highest tem
perature to reach 42 C, much higher than the railway tunnel construction safety temperature of 28 C.上海夜网品茶微信
“The tunnel is like a steam room,” said Kang Yanjun, who works with the group. “On
ce you get inside, you begin sweating profusely. It is like doing anaerobic exercise.”上海夜网品茶微信
The technicians must exert a lot of energy every time the
y work in the tunnel, and each person needs at least 10 bottles of water, Kang said.
mic conditions, solid job gains and moderately rising economic activity, though so
上海夜网ft business investment－did not necessarily warrant a rate cut (the decision was not unanimous). What mo
tivated Fed Chairman Jerome Powell’s decision may well have been the muted inflation pressures and par
上海夜网品茶微信ticularly global growth concerns, which the White House has undermined since the onset of its tariff wars in spring 2018.
Interestingly, the Fed cut did not cause a rally; it stumped the market. S&P 500 dropped almost上海夜网
2 percent and 10-year Treasury yields to about 2 percent. The Fed’s interest cut does not imply a start of a new r
上海夜网ate cut cycle. Instead, it does mean the post-2008 recovery is now over with darker clouds looming on the horizon.
Tariff wars cloud US and global forecasts
When US President Donald Trump assumed office in January 2017, he pledged GDP growth at 4 percent. More recen上海夜网品茶微信
tly, he projected US growth at 3 percent. Yet analysts estimate US growth this year at 2.5 percent or less. Qua
上海夜网litative assessments suggest deterioration, as the growth of domestic demand is slumping.
Worse, US GDP growth forecasts for 2020 indicate softening to 1.8 percent, possibl
y a (near-recession) slowdown－especially if trade and tech wars still escalate. In the absence of negative su上海夜网品茶微信
rprises, China’s GDP growth is likely to stay within the target of 6.2 percent in 2019 and possibly in 2020 as well, with su
上海夜网pportive fiscal and monetary conditions. US tariff wars are likely to penalize the Chinese economy by less th
an 0.5 percent of GDP, which could be offset by just a modest depreciation of the renminbi.
If recent policy mistakes in the White House prevail, slower growth in investment上海夜网品茶微信
spending, rising concern for continued trade wars and destabilizing geopolitics are likely to foster downside risks
上海夜网in global economic prospects, as risks for further downgrades morph into actual realities.
The author is the founder of Difference Group and has served at India, China and America In
stitute (US), Shanghai Institutes for International Studies (China) and the EU Cen上海夜网品茶微信
tre (Singapore). The views of the article do not necessarily represent those of China Daily.
rms of area and ranks No 2 in GDP among the 157 national high-tech parks, foll
上海夜网上海品茶owing Zhongguancun in Beijing, according to the Ministry of Science and Technology.
It yielded 24.4 billion yuan ($3.87 billion) of GDP and 4.3 billion yuan of tax revenue per square kilometer in 2018, the biggest among all its counterparts in th
e country. It accounted for 15 percent of the city’s total patent applications and yielded nearly 12 percent of the city’s to上海夜网
tal industrial output value last year. One-sixth of Shenzhen’s national-level high-tech enterprises are based in the zone
While the integrated development of the Yangtze River Delta region has progressed steadily ever since it was elevated to a national strategy in 2018, fin上海夜网
ancial institutions have been evaluating the potential in this land for future growth.
Ma Chunlei, director of Yangtze River Delta Regional Cooperation Office, said at the Lujiaz上海夜网上海品茶
ui Forum in Shanghai in June that the provinces and the municipality included in the strategy－J
iangsu, Zhejiang, Anhui and Shanghai－will release their respective detailed action plans by the middle of this month latest.
上海夜网上海品茶vSome 320 key projects will be carried out in the next three years to lay a better groundwork for the integrated development of the delta region, said Ma.
These will include connecting dead-end roads and proliferating the use of QR codes at major subway stations in the area.
Bank of Communications see one-third of its 10 trillion yuan ($1.45 trillion) a上海夜网上海品茶
ssets coming from the Yangtze River Delta region, said the bank’s vice-chairman R
en Deqi. He further said the bank was advancing innovation in its financial management mechanisms.
Since the area features two free trade zones in Shanghai and Zhejiang, Bank of China will come up with more offshore FTZ businesses in the near future.上海夜网上海品茶
Kong Qingwei, chairman of China Pacific Insurance (Group) Co Ltd, said the Yangtze River Delta reg
ion is a key driver of the group’s annual income and innovative development. Of the insurer’s 126 million customers in China, 30 m
illion live in the region, and account for 80 billion yuan, or 25 percent, of the insurer’s 320 billion yuan in total premiums.
technology in China and people’s heavy use of online shopping, mobile payment and
banking services have allowed e-visa services to take root quickly in the country.
“Such services, which save the time and trouble of sending passports and paper documents back and fort
h, suit the young groups, who usually don’t plan for a trip far ahe
ad of time,” said Li Ailing, founder of lvyouquan.com, which provides tourism information to agencies.
Objectivity and impartiality were emphasized in the latest draft revisions to the Jud
ges Law and the Procurators Law submitted to China’s top legislature for review on Saturday.
According to the drafts, judges should adjudicate based on facts an
d the law, guided by objectivity and impartiality. Procurators should do the same.
Procurators must strictly ensure that crimes are punished only
under the law, and protect human rights. They must prosec
ute criminals while protecting the innocent from criminal prosecution, the draft revisions say.