other professional measure that relates to safety. Anyone without experience climbing mountains above 8,000 meters, and witho
ut adequate capability for independent movement is not allowed on Mount Qomolangma,” he said.
Both overseas and domestic climbers must apply as part of a team, not personally, he said.
Tibet installed a new ladder in a section of the climbing route in 2017, and provided climb
ing ropes as long as 6,000 meters along the path between a section at 6,600 meters and the summit at 8,844 meters.
Cleanup efforts on the mountain involve both environmental considerations and climbing sa
fety. The work has become routine, said Tashi Gyatso, the deputy secretary of the regional government.
recent and future tariffs will cut about 0.3 percent of global GDP in the short ter
m, with half stemming from negative effects on business and market confidence.
Failure to resolve the trade differences and further escalation in other areas, such as the auto
industry, which would cover several countries, “could further dent business and financial market se
ntiment, negatively impact emerging market bond spreads and currencies, and slow investment and trade“, the research said.
Experts urged the US government to stop its protectionism and proposed options for a resolution between the two countries.
Chen Wenling, chief economist of the China Center for International Economic Exchanges, said the US needs to correct moves that have
already added pressure to global economic prospects. Otherwise, it will “pay the price” for its protectionist behavior, she said.
tribute to deleveraging, Hu said.
“The large-scale reduction of taxes and fees could efficiently reduce burdens on enterpris
es and strengthen their ability to repay debts and absorb equity financing,” she said.
Zhu Min, chair of the National Institute of Financial Research at Tsinghua University, sai
d it is clear that China will “move more on fiscal policy than monetary policy” to offset short-term economic challenges.
This year’s tax and fee cut on enterprises－worth nearly 2 trillion yuan ($297.8 billion)－is “really encouraging”, which will
improve their productivity and efficiency, said Zhu, a former deputy managing director of the International Monetary Fund.
The debt level, especially for State-owned enterprises, is still high, Zhu said, making i
t necessary to continue deleveraging to contain risks and achieve sustainable growth.