I heard a
ting as the glass hit the floor.
我听见玻璃砸到地板上的叮当声。
The
ting of the bell announced the arrival of a new customer.
铃铛的轻响宣告着新顾客的到来。
She felt a
tingling sensation in her fingers after using the hand sanitizer.
她使用洗手液后，手指感到一阵刺痛感。
The
ting of metal on metal echoed through the empty hallway.
金属碰撞的丁当声在空荡荡的走廊里回响。
A
ting of guilt pricked at his conscience when he thought about skipping school.
一想到逃课，他就感到一丝愧疚刺痛着他的良心。
The
ting-a-ling of the ice cream truck brought joy to all the children in the neighborhood.
冰淇淋车的叮叮当当声给社区里的所有孩子带来了欢乐。
There was a
ting of excitement in her voice as she talked about her upcoming vacation.
当她谈论即将到来的假期时，声音里带着一丝兴奋的颤抖。
He couldn't ignore the
ting of anxiety that crept up every time he checked his email for the results.
每次他检查电子邮件以获取结果时，都忍不住感到一丝爬上心头的焦虑。
The soft
ting of the wind chimes added a peaceful melody to the evening breeze.
风铃的轻柔叮当声为晚风增添了一曲宁静的旋律。
A sudden
ting in her ear made her realize someone was calling her name from afar.
突然耳朵里的一阵声响让她意识到有人在远处叫她的名字。
However, Ma Ting, a professor of neuroinformatics at the Harbin Institute of Technology in Shenzhen, Guangdong province, said that when doctors make decisions as they diagnose patients, they are thinking about multidimensional data.
然而，广东省深圳市哈尔滨工业大学神经信息学教授马婷表示，当医生在诊断患者时做出决定时，他们考虑的是多维数据。
Zhou Ting, head of the Yaok Institute, said that Chinese consumers will make 60 percent of luxury purchases this year.
姚研究所所长周婷表示，今年中国消费者购买奢侈品的比例将达到60%。
Yang Ting, vice-president of Agilent and general manager of the company's Greater China commercial organization, said the enterprise will make investments in the China market with full confidence.
安捷伦副总裁兼大中华区商业机构总经理杨婷表示，安捷伦将满怀信心地在中国市场进行投资。
On the same filing, it said that Xu Jin and Qian Ting have been appointed as executive director and co-CEO respectively, while Huang Jingsheng has been appointed as non-executive chairman of the board, the chairman of the nomination committee and the chairman of the ESG committee of the board.
在同一份文件中，该公司表示，徐进和钱婷已分别被任命为执行董事和联席首席执行官，而黄京生已被任命为董事会非执行主席、提名委员会主席和ESG委员会主席。
Danone's Mizone is fourth at 4.6 percent and Master Kong of Ting Hsin International Group at 3.4 percent.
Speaking at the groundbreaking ceremony, Vinda SEA president Su Ting Nee said Malaysia was chosen after several countries were considered, with good infrastructure, a culturally diverse workforce and ease of logistics being the deciding factors.
He tells Duan Ting his business has hit the right chord with China's swelling pool of super rich.
Wang Ting contributed to this story.
It produces 16 million tires a year, exporting 52 percent of them and supplying 30 percent to car producers such as Dongfeng Peugeot Citreon Automobile Co, JAC Automobile Co and GAC Honda Automobile Co. Wang Ting contributed to this story
"We expect the central bank to eventually deliver two rounds of policy rate cuts and one reserve requirement ratio cut in the first half of 2024," said Lu Ting, chief China economist at Japanese financial services group Nomura.
Lu Ting, chief China economist at Nomura, said the People's Bank of China, the country's central bank, is highly likely to cut benchmark lending rates on Monday, when the PBOC injects liquidity via the medium-term lending facility.
Lu Ting, chief China economist at Nomura, a leading international financial institution, said measures to bolster housing demand would be more effective in stabilizing the market if the critical issue of presold home delivery was fully resolved.
Li Ting, manager of the investment advisory department at Tongguan Jinyuan Futures, said the weakening US economy is one of the reasons behind surging gold prices.
In the past two years, the five major industries contributed up to 70 percent of the city's industrial parks' new leasing demand, supporting Shanghai's rank as tops in the nation in these sectors, said Ding Ting, research director with JLL East China.
"China's economy has recently been showing signs of stabilization, as evidenced by the raft of headline data, including trade, credit and electricity consumption," said Lu Ting, chief China economist at Nomura.
Lu Ting, chief China economist at Nomura, said the better-than-expected September PMI data could be good for market sentiment in the short run, and some August data have already shown signs of stabilization.
Lu Ting, Nomura's chief China economist, said the recent raft of supportive measures in the property sector may not be enough to turn things around, and the government still needs to ramp up policy support to deliver a more sustainable recovery.
Lu Ting, chief China economist at Nomura, said his team expects consumer prices to drop at a slower pace with a 0.1 percent year-on-year decline in August, given that data showed that services price inflation remained robust in the summer and some food prices started to rebound in August due partially to the flooding in northern China.
"The ultralow inflation reading lends supports to our view that the People's Bank of China (the country's central bank) is likely to implement two more rounds of policy rate cuts of 10 basis points each, and another 25 basis points cut to the reserve requirement ratio over the rest of the year," said Lu Ting, chief China economist at Nomura.
Lu Ting, chief China economist at Nomura, said that his team expected manufacturing PMI to remain in contractionary territory in July, due to ongoing property woes and external challenges, while the nonmanufacturing PMI could weaken further on fading post-COVID pent-up demand for in-person services.
"After the cut in the short-term policy lending rate, the PBOC is highly likely to deliver a cut to the one-year MLF rate, which is … the most important benchmark rate in the PBOC's policy rate regime", said Lu Ting, chief China economist at Nomura, adding they believe the central bank will deliver a 10 basis point one-year MLF rate cut on Thursday, and a similar sized cut to the LPR on June 20.
Looking ahead, given the stabilizing food prices and a potential modest rebound in fuel prices, but a highly elevated youth unemployment rate and continued disinflationary pressures in some core goods, Lu Ting, chief China economist at Nomura, said his team expects CPI to inch up only marginally to 0.3 percent year-on-year in June.
“展望未来，鉴于食品价格趋于稳定以及燃料价格可能出现温和反弹，但青年失业率居高不下且某些核心商品仍面临持续的通缩压力，野村证券中国首席经济学家陆挺及其团队预计6月份CPI同比涨幅将仅微幅上升至0.3%。”
"The resilient nonmanufacturing PMI was mainly backstopped by a burst of suppressed demand during the first post-COVID Golden Week holiday, while the PMI for the construction sector dropped sharply on weak demand," said Lu Ting, chief China economist at Nomura.
野村证券中国首席经济学家陆挺表示，韧性十足的非制造业PMI主要得益于疫情后首个黄金周假期中被抑制需求的集中释放，而建筑业PMI则因需求疲软大幅下滑。
Lu Ting, chief China economist at Nomura, said his team forecast China's year-on-year GDP growth to rise further to 8.4 percent in the second quarter on a low base last year after 4.5 percent growth in the first quarter.
China is well on track to achieving the government's GDP growth target of "around 5 percent" for this year, said Lu Ting, chief China economist at Nomura.
野村证券中国首席经济学家陆挺表示，中国正顺利实现今年政府设定的“约5%”的GDP增长目标。
Meanwhile, high-end consumption, centering on luxury consumption, is a major force to stimulate domestic demand," said Zhou Ting, head of Yaok Research Institute.
Lu Ting, chief China economist at Nomura, warned that the falling inflation readings in March suggest that the post-COVID recovery momentum remains weak.
Lu Ting, chief China economist at Nomura, said these strong readings suggest China's economy has reached a sweet spot with the government's solid measures to stabilize the property sector and optimize COVID-19 control measures.
Lu Ting, chief China economist at global financial services group Nomura, said the January-February activity data shows improvement across the board from the fourth quarter of 2022.
"The CPI inflation may increase moderately to 2.6 percent in 2023, well within the official inflation target," said Lu Ting, chief China economist at financial services firm Nomura.
Lu Ting, chief China economist at Nomura, said, "The GDP growth target of around 5 percent is a reasonable and rational choice, as China's economy is still set to face multiple headwinds over the course of the year.
Lu Ting, chief China economist at Nomura, said that China's GDP growth target for 2023 is reasonable and rational, as the country's economy is still expected to face multiple headwinds over the course of the year.
Lu Ting, chief China economist at Nomura, said the uptick in year-on-year CPI inflation was mainly driven by the timing of the Chinese New Year holiday, which took place in January this year and February last year.
"February's PMIs all came in well above market expectations," Lu Ting, chief China economist at Nomura, said in a note.
"We feel especially encouraged that China will continue to expand high-standard opening-up, including in the fields of high-tech, energy conservation and environmental protection, in which the company has deep roots," said Yang Ting, vice-president of Agilent and general manager of Greater China Sales.
Lu Ting, chief China economist at Nomura, said the growth in CPI inflation was mainly driven by the Spring Festival holiday falling in January this year compared to February last year, and the decline in the PPI was driven by falling global energy prices.
Lu Ting, Nomura's chief China economist, said, "As sequential GDP growth in the fourth quarter of 2022 was much faster than we had expected, and as China's population seems to be reaching herd immunity quickly following the reopening in early December, we are raising our 2023 annual GDP growth forecast to 5.3 percent from 4.8 percent.
"The strong rebound was mostly driven by the release of pent-up demand for in-person services, including tourism, hospitality and entertainment, which were hit the hardest by the pandemic over the past three years, as people flocked to scenic spots, watched fireworks shows and crowded into restaurants and hotels," said Lu Ting, chief China economist at global financial services provider Nomura.
"Lu Ting, chief China economist at Nomura, said that his team thinks inflation is not a major concern for China in 2023, and they expect the policy stance to remain accommodative.
Lu Ting, chief China economist at Nomura, said that January's official manufacturing PMI was in line with market expectations, while the non-manufacturing PMI was well above market expectations, thanks to the release of pent-up demand for in-person services sectors.
"Unlike the rest of the world, China has continued to issue low inflation data due to weak domestic demand," said Lu Ting, chief China economist at Nomura, adding that the COVID-19 outbreaks severely curtailed economic activity in December, particularly in the services sector.
In light of China's recent policy moves, the markets have many reasons to turn positive, said Lu Ting, chief China economist with securities firm Nomura, in an economic outlook report for 2023.
Lu Ting, chief China economist at Nomura, said that while some pent-up demand is likely to be released with the further optimization of COVID-19 containment measures, there remain some factors that may hinder the recovery, such as the impact of COVID-19 and insufficient pent-up demand.
"Inflation should not be a major concern in 2023," said Lu Ting, chief China economist at Nomura.
Lu Ting, chief China economist at Nomura, said the November official PMIs were weaker than market expectations due to the rapid growth of COVID case numbers in a growing number of cities.
Lu Ting, chief China economist at Nomura, said the size and timing of this cut are largely in line with market expectations after the State Council's mentioning of using a RRR cut to bolster the economy, and is yet another policy move amid financial regulators' campaign to stabilize the property sector.
Lu Ting, chief China economist at Nomura, warned of downward pressure from renewed domestic COVID cases, troubles in the property market and weaker global growth.
"The sharp divergence between PPI inflation in China and the Eurozone (43.3 percent year-on-year in August) suggests China may be gaining a competitive advantage in manufacturing that could help bolster China's exports," said Lu Ting, chief China economist at Nomura.
The varied offerings not only attract gourmets with bars and Michelin restaurants but also provide culture lovers with art museums and book stores, as well as venues designed particularly for entertainment, sports and innovative lifestyles, according to Zhang Ting, vice-general manager of the marketing division with the Bund Finance Center.
"As the largest budget airline among ASEAN member countries, we will strengthen cooperation with other aviation industry players in the region, and contribute to people and economic exchanges," said Tang Ting, general manager of Air Asia China.
"Given some recent material steps taken to ease COVID controls, including reducing inbound quarantine times by half and removing the 'asterisk' on travel itinerary e-cards, we expect mobility to improve further and growth momentum to remain positive in July," said Lu Ting, chief China economist at Nomura.
Lu Ting, chief China economist at Nomura, said both PPI and CPI inflation for May were largely in line with market expectations and his team expects PPI inflation to trend down and CPI inflation to rise modestly.
Lu Ting, Nomura's chief China economist, said his team expects the official manufacturing PMI to rebound to 50.3 in June, returning to expansionary territory for the first time since February.
Lu Ting, chief China economist at Nomura, urged when attending the Tsinghua PBCSF Chief Economists Forum on Saturday that with the space of the monetary policy being limited for this year, the intensity of fiscal spending shall be stepped up and become better targeted.
在周六参加清华大学五道口金融学院首席经济学家论坛时，野村证券中国首席经济学家陆挺敦促，鉴于今年货币政策空间有限，应加大财政支出力度，并使其更加精准。
China should ramp up government spending and optimize how money is spent in the public sector to stabilize market expectations, safeguard steady local government operations and protect market entities, given that the country has limited room for monetary policy moves, said Lu Ting, chief China economist at Nomura.
Lu Ting, Nomura's chief China economist, said economic activity could weaken in March amid restrictions to combat the outbreak and a still weak property market, necessitating possible measures.
Seizing opportunities in the sunrise industry and working in industries with growth and development prospects helps university students better realize their value, enhance employment stability, improvement and quality, said Wang Ting, a professor at the Business School of China University of Political Science and Law.
"Falling PPI inflation and low CPI inflation will mean inflation will not be a barrier to Beijing launching more supportive policy easing and stimulus measures in 2022," said Lu Ting, chief China economist at Nomura Securities, in a research note.
"We may see another 50 basis point RRR cut in the first half of 2022, but still view the likelihood of a policy rate cut as quite small, due to elevated production-price inflation and still rising consumer-price inflation," said Lu Ting, chief economist in China at Nomura Securities.
"Overall there is some improvement, especially in the mining and utility industries," Bloomberg said quoting Lu Ting, chief China economist for Nomura Holdings Inc. Electricity shortage also eased last month, with power supply climbing 11.1 percent in October from a year earlier.
Lu Ting, Nomura's chief China economist, said year-on-year PPI growth may drop to 11.6 percent in November, due to the contained rise in coal prices and falling investment demand amid a weakening property sector.
Lu Ting, chief China economist at Nomura Securities, said China's efforts to ease the power shortage pressure would help enable growth of industrial production to rebound in the fourth quarter; but, rising power prices could pile inflation pressure on the economy.
Lu Ting, Nomura's chief economist in China, said he expected Beijing to ramp up monetary and fiscal supports to stabilize economic growth in the coming weeks.
Although the economy showed more signs of softening in August, the nation is expected to continue to implement property sector regulations aimed at stabilizing housing prices and developers' debt ratio, said Lu Ting, Nomura's chief China economist.
Ren Ting, associate dean and professor at Peking University HSBC Business School, said the most prominent feature of the new guideline is it gives out unified standards on relative regulatory approaches, covering the entire process of registration, information change and business cancellation.
"The widening divergence of PPI and CPI inflation points to a worsening profit margin for manufacturers and service providers, and may exert extra downward pressure on activity growth," said Lu Ting, Nomura's chief China economist.
Lu Ting, chief economist in China with Nomura Securities, expected credit growth, as measured by year-on-year growth in outstanding total social financing, to stabilize in the fourth quarter, followed by a likely growth pace back to above 11 percent toward the end of the year.
野村证券中国首席经济学家陆挺预计，以年度同比增速衡量的社会融资总量增长将在第四季度企稳，随后到年底时，这一增速可能回升至11%以上。
It can be seen as evidence of further progress made on China's dual-circulation development pattern that will divert more funding away from the property market and toward the real economy, like the high-tech manufacturing sector, said Lu Ting, Nomura Securities' chief economist in China.
"We expect PPI inflation to moderate to 8.6 percent year-on-year in August on stabilization of raw material prices, and to stay above 8 percent in the subsequent months before falling to around 7 percent toward the year-end," said Lu Ting, chief China economist at Nomura Securities, in a research note.
Lu Ting, Nomura's chief China economist, said he expects the new infection wave to be contained by mid-September or latest by late September, and tighter social distancing rules to be gradually eased in mid-October.
Lu Ting, chief China economist at Nomura Securities, said the momentum of manufacturing investment is expected to gather pace in coming quarters, thanks to continued policy supports for the sector, improving industrial profits, and the strength in medium- to long-term loans to the industrial sector over the past couple of months.
Lu Ting, Chief China Economist at Nomura, believes "the low CPI inflation reading, though largely driven by slumping pork prices, also provides space for Beijing to ease".
Beijing's overall policy solutions to the surging raw material prices include the use of policy easing rather than policy tightening to contain the rise of commodity prices, said Lu Ting, chief economist in China at Nomura Securities.
In a separate note on Wednesday, Lu Ting, Nomura's chief China economist, said the moderation in June was led mainly by the production sub-index, which fell to 51.9 in June from 52.7 in May, according to NBS data.
"Despite the sequential moderation in June from May, we believe PMI prints were still solid in the second quarter, pointing to the resilience of China's economy amid the recent, small-scale resurgence of COVID-19 in Guangdong province," said Lu Ting, Nomura's chief China economist.
"Stimulus measures in developed economies also brought sustained demand for products manufactured in China, said Lu Ting, chief China economist at Japanese bank Nomura.
Lu Ting, Nomura's chief China economist, said the still solid PMI readings suggest that the recent small-scale resurgence of COVID-19 cases in Anhui, Liaoning and Guangdong provinces had a "quite limited" impact on China's growth momentum thus far.
Lu Ting, chief China economist at Japanese bank Nomura, said in a research report that the strong export growth will continue to bolster industrial production in May.
Lu Ting, Nomura's chief China economist, said he expects the country's quarter-on-quarter economic growth to accelerate to 2 percent in the April-June period compared with 0.6 percent in the first quarter, amid faster retail sales and the delayed impact of infrastructure stimulus rolled out last year.
Lu Ting, Nomura's chief China economist, said the country's inflation may rise in the coming months amid increasing commodity and service sector prices, but will remain below the government's control target and therefore will not derail the Chinese central bank's commitment to "no sharp policy shift".
Some indicators of inflationary pressure, especially producer price inflation, are on the rise due to a global boom in commodity prices and the domestic antipollution measures in northern China, said Lu Ting, chief China economist at Nomura Securities.
Lu Ting, chief China economist at Nomura Securities, said that the large rebound is attributed to the lifting of constraints on economic activity before and during the Lunar New Year, and the ensuing release of pent-up demand in March thanks to the successful containment measures.
"Beijing is expected to implement tough restrictions on property market financing so it can channel more funding to other real economic sectors," said Lu Ting, chief China economist at Nomura Securities.
"Excluding distortions from base effects, trade growth was still quite solid," Nomura Holdings Inc. economists led by Ting Lu wrote in a note to Bloomberg.
Lu Ting, Nomura's chief China economist, said he expects the Chinese government to see through the high growth figures due to a low base and stick to the "no sharp shift" commitment, with neither hikes nor cuts to policy interest rates this year.
Lu Ting, Nomura's chief China economist, said the year-on-year PPI growth is expected to peak around the middle of the year and moderate thereafter with a whole-year growth of 4.2 percent, while the CPI growth may rise throughout the year and see an annual growth of 1.7 percent.
Lu Ting, chief economist in China with Nomura Securities, said he expected neither hikes nor cuts to policy rates and the reserve requirement ratio this year, and said the central bank plans to maintain a relatively stable renminbi against a basket of major currencies.
This expectation is based on the ongoing recovery of growth and a low base in 2020," said Lu Ting, chief economist for China at Nomura Securities.
The low CPI figures have provided further evidence that there is no need to be too concerned about the potential for a sudden or sharp tightening of monetary policy, said Lu Ting, Nomura's chief China economist.
The PMI decline reflects a weakening of the sequential growth momentum due to new COVID-19 cases and stricter government virus control measures, which include stricter social distancing rules, the reimposition of lockdown measures and travel bans in some parts of China, and nationwide initiatives to encourage migrant workers to stay in the cities of their workplaces for the upcoming Lunar New Year holiday, said Lu Ting, chief China economist at Nomura Securities, a Japanese brokerage, in a research note.
Lu Ting, chief China economist with securities firm Nomura, said that to fight the latest wave of sporadic and cluster COVID-19 cases, Chinese authorities have tightened social distancing measures, reimposed some locality-based lockdown measures and travel bans, and encouraged migrant workers to stay in the cities of their workplaces for the impending Lunar New Year holiday.
Recent economic indicators have shown that China's economic recovery has been on track, thanks to the successful containment of COVID-19, as well as swift and supportive macroeconomic policies, said Lu Ting, chief economist in China with Nomura Securities.
Lu Ting, chief economist in China with Nomura Securities, said that local government special bond quota may be decreased to 3 trillion yuan next year.
Lu Ting, chief China economist at Japanese brokerage Nomura Securities, said a rebound of global demand will enable China's exports to maintain a high rate of growth, underpinning the growth of the economy.
"We expect headline CPI inflation to drop further toward zero in the next several months on a still-unfavorable base effect driven by a massive rise in pork prices from end-2019 through the spring of 2020," Lu Ting, chief China economist with Nomura Securities, said in a research note.
"The rise in the Caixin services PMI points to a continued recovery in the services sector thanks to the successful containment of COVID-19, the associated relaxation of social distancing requirements and Beijing's continued policy support for small and medium-sized enterprises," Lu Ting, chief China economist at Nomura Securities, said in a research note.
The current reading, coupled with the still-solid official PMIs released earlier, suggests China's growth recovery remained on track last month, said Lu Ting, chief China economist at Nomura and other experts, in a research note.
Lu Ting, chief China economist at Nomura Securities, said services and retail sales are likely to further recover while infrastructure-linked investment will pick up speed with more government spending, leading to some predictions of fourth-quarter growth of 5.7 percent.
China's luxury goods industry is becoming a core force driving consumption growth in the country, said Zhou Ting, head of the Yaok Institute, who is also the chief researcher of the report.
It also strongly demonstrates our confidence in the tourism demand in the region," said Tang Ting, general manager of Air Asia China.
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