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#1 16/05/18 02:49:42

chitianshi520
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Registered: 11/02/18
Posts: 172

This will encourage genuine groups to play a bigger role

A cosmetics dealer in Yongjia Bennie Logan Jersey , Zhejiang Province really made up for his employees' hard work this year by offering them a total of 800,000 yuan ($128,724) in cash prizes during his company's year-end lucky draw event, a Net user disclosed on his Sina Weibo account.


Posted photos showed one employee beaming over nabbing the grand prize - a box containing 20,000 yuan in cash.


The head of the facial mask distributor announced on his Weibo account that other distributors could also participate in the draw - with the purchase of his product, of course.


News of the drawing garnered both praise for the employer and envy for his employees. "This boss makes hundreds of millions and it is nice of him to offer up 800 Blaine Gabbert Jersey ,000 yuan to entertain his employees. Wish everyone could work for such a generous boss," commented the Net user.


"Are there still any vacancies at this company? I could work there for free, just give me two chances like this every year," wrote another netizen. "Why are other people so lucky to have such a good boss?" commented a third Weibo user.


NEW YORK, Aug. 19 (Xinhua) -- U.S. stocks ended sharply lower after a volatile trading session Wednesday, as investors digested the closely-watched minutes from Federal Reserve's July meeting released in the afternoon.


The Dow Jones Industrial Average tumbled 162.61 points Dion Lewis Jersey , or 0.93 percent, to 17,348.73. The S&P 500 dropped 17.31 points, or 0.83 percent, to 2,079.61. The Nasdaq Composite Index lost 40.30 points Malcolm Butler Jersey , or 0.80 percent, to 5,019.05.


As there is no Fed policy meeting in August, Wall Street kept a close eye on the Fed minutes.


According to the minutes, most U.S. Federal Reserve officials believed conditions for tightening monetary policy were approaching, but failed to give clear signals on the timing of the first interest rate hike in nearly nine years.


The minutes left mixed signals on whether or not the Fed officials decide to raise the interest rate at the next monetary policy meeting in September. Many Fed officials Austin Johnson Jersey , including chairwoman Janet Yellen, have said that it's appropriate to raise the benchmark interest rate this year.


Market investors widely see September or even later as the most likely time for a Fed rate increase.


Dampening investor sentiment, oil prices plunged Wednesday as a government report showed that U.S. crude stockpiles last week increased unexpectedly.


Dragging by the diving oil prices, the energy sector, the biggest laggard among the S&P 500's ten sectors, slumped 2.79 percent Wednesday.


On the economic front Kevin Dodd Jersey , the Consumer Price Index (CPI) for All Urban Consumers added 0.1 percent in July on a seasonally adjusted basis, below market consensus of 0.2 percent, the U.S. Labor Department reported Wednesday. Over the last 12 months, the all items index rose 0.2 percent before seasonal adjustment.


The index for all items less food and energy also rose 0.1 percent in July, which grew 1.8 percent for the 12 months ending July.


"The retracement in energy costs will likely drag headline CPI back into negative territory by the end of the quarter, and will filter through to the broader economy throughout the rest of the year Luke Falk Jersey ," said Jay Morelock, an economist at FTN Financial, in a note.


Overseas, Chinese equities witnessed wild swings Wednesday as persistent worries about economic pressures continued to weigh on market sentiment, with the key Shanghai index fluctuating more than 6 percent.


The benchmark Shanghai Composite Index closed 1.23 percent higher to finish at 3,794.11 points Brynden Trawick Jersey , reversing losses of more than 5 percent in the morning trading session, on speculation of fresh government support, including an expected reserve requirement ratio cut.


The ongoing campaign to establish Communist Party of China (CPC) branches at non-governmental organizations (NGOs) across China is part of the authorities' efforts to root out shady or illegal entities, experts said.


This will encourage genuine groups to play a bigger role in providing public services that used to be partly shouldered by the government.


NGOs that have started to form Party organizations according to government policies said their daily operations are as smooth as before, and that foreign media claims about the Party's "attempt to strengthen its control over the NGOs" are not true.


The General Office of the CPC Central Committee and the State Council General Office on Monday jointly issued a guideline to "reform social organizations' management systems and boost their healthy and orderly development."


Besides vowing to provide preferential financial and taxation incentives to encourage NGOs to take over many government agencies' previous functions in providing public services, the guidelines also emphasized the Party's role in ensuring the political correctness of NGO operations.


"Party organizations in NGOs should unite the masses and ensure the NGOs' correct political directions Harold Landry Jersey ," the guidelines read, adding that Party organizations should raise questions over important NGO decisions, large expenditures and activities involving overseas organizations.


The guideline is a more complete reform plan after the authorities issued a trial guideline over Party construction work at NGOs in September last year. This said if an NGO has three or more Party members, it should establish branch Party organizations. NGOs with fewer Party members can establish joint Party organizations across similar NGOs, the document said.


This corresponds with the country's ongoing campaign to revitalize the Party's role in State-owned and private companies in order to unite more people around the Party and reduce corruption and malpractice.


In a report on Monday, Radio Free Asia accused the NGO management reform of twisting the roles of NGOs.


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