A key element of the campaign is also to prevent bureau

cratism and practicing formalism for formalism’s sake and to guide Party me

mbers to keep the Party’s commitments in mind, it added.The global eco

nomy is undergoing very large structural shifts, driven by three mega-trends. One is the digital transformation of th

e foundations on which economies are built and run. Another is the growing purchasing power and economic strength of e

merging economies, China in particular. And third, there are broad-based political economy trends, which inclu

de rising nationalism, various forms of populism, political and social polarization, and a possible breakdown of the

multilateral framework within which the global economy has functioned since the end of World War II.

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China has also recently announced a strengthened reg

gime of intellectual property rights protection. Again, this is what foreign negotiat

ors are seeking, but also is important for China’s own economy as it transitions to being a technology leader.

Trade agreements can affect the types of goods being traded and they can redirect trade toward one c

ountry, away from others. They cannot directly affect any country’s worldwide current account bal

ance. A country that saves less than it invests will have to borrow foreign funds to import foreign goods to make up that difference.

There are two ways to reduce the US trade deficit. A serious recession would reduce investme

nt, but nobody advocates that as a strategy. The only other path is to change the US financial and gov

ernment system to encourage increased savings. China has almost nothing to do with it.

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launched early last year, has contributed 257 milli

n yuan ($38 million) in sales of more than 780 types of products with the Winter Games logo as of the first quarter this year.

The Organizing Committee on Friday also unveiled its plans for volunteer recruitment and training. International recruit

ment, which will be launched in December through an online system, aims to select 27,000 volunteers to di

rectly serve the Games’ operation, while another 80,000 or so will work as city volunteers.

The Games’ official mascot will be unveiled in the second half of this year.

The Ministry of Education (MOE) of China has issued a statement

warning the country’s middle and primary schools against unauthorized selections and rankings.

The statement, made public on Thursday, was based on several lists of so-called “top

100 middle and primary schools in China” recently released by some institutions.

The MOE has never authorized any organizations or institutions to carry out such selections or rankings, according to the statement.

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US soy farmers call for cool-down of trade tensions

US soy farmers have urged Washington to work for a positive solution to the current tarif

f dispute with the world’s top oilseed buyer China, and avoid further escalation of trade tensions.

In a statement released late Tuesday, the American Soybean Association (ASA) described the t

hreat by US President Donald Trump’s administration to increase the tariff rate from 10 percent to 25 p

ercent on $200 billion worth of Chinese goods as the “worst case” for US soybean growers.

“This is a predicament for soy growers,” said Davie Stephens, ASA president and a soybean farmer from Kentucky.

“With depressed (soybean) prices and unsold stocks fo

recast to double before the 2019 harvest begins in September, we nee

d the China market reopened to US soybean exports within weeks, not months or longer,” he added.

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Rich Chinese parents also caught up in college admissions scandal

Paying millions of dollars to secure their children a spot at an elite college may

sound absurd to many parents, but some are willing to do this.

Nicole Shen, the Chinese mother of a high school student in Palo Alto, California, said she would be wi

lling to pay a pretty penny upfront to get her daughter admitted to a top-tier university if she could afford it. “As long as eve

rything is legal,” she added.Zhao, 52, was introduced to William “Rick” Singer, a college consultant in California and the mast

ermind behind the scandal, by Michael Wu, who worked as an adviser at the Los Angeles area branch of in

vestment bank Morgan Stanley, according to the Los Angeles Times. Wu has since been fired.

Two wealthy Chinese families have recently been in the spotlight and t

he subject of widespread discussion after media reports showed they paid huge am

ounts in a high-profile college admissions scandal. The sums they paid dwarfed the typical amount footed by US parents.

The highest-known payoff to date is the $6.5 million by billionaire Zhao Tao, president and co-founder of Shandong Buchang Pharmaceuticals Co.

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Lan Fei, marketing center director for Guangzhou Wei

meizi Industrial Co in Guangdong province, said people in lower-tier cities have huge consumption power.

In 2016, the company’s oral care brand Saky reached customers in lower-tier cities for the first time. Mor

eover, the quality of oral care products in this market varies, so there is huge potential.

In addition to traditional sales channels such as supermarkets and stores, Saky was introduced to co

nsumers in lower-tier cities by livestreaming hosts on social media platforms. The hosts used en

tertaining methods to introduce oral care products and educate consumers about the correct way to use them.

“On Kuaishou, the host placed some sesame powder on a piece of c

orn, showing that Saky’s electric toothbrush could easily wash it away,” he said. “The host

also held a Saky electric toothbrush against a balloon (which did not burst) to demonstrate that its power could not damage teeth.”

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However, Li said as a business with a relatively low ent

ntry barrier, accidents can happen due to a lack of professional know

ledge. Indeed, many pet hotels provide fancy services such as pet swimming courses, but the qua

lifications of staff members are sometimes inadequate as the business is not strictly regulated.

Last month, a French bulldog drowned in a pet center in Quanzhou in Fujian province during a swimmi

ng lesson. The lack of basic knowledge to tell if the dog was struggling led to a tragedy that saddened internet users.

“It was heartbreaking news …before letting dogs swim, a simple health

exam is needed and its medical history should be checked. Dogs with epilepsy and car

diopulmonary problems should not be allowed to swim,” said Zhang Xu, a vet who owns a clinic in Hangzhou, Zhejiang province.

Even veterinary hospitals offering boarding services can be a problem in some cities like Beijing as current regulations prohibited them from doing so.

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In the past couple of years, Dong Biyong, a mille

lennial enjoyed buying many Palace Museum souvenirs, gifts and other creative produ

cts. “I tried quite a few from makeup kits, lipstick, blush, to various creative gadgets. They are good so

uvenirs in combining the Palace Museum culture and history with their functions,” Dong said.

According to He Jianmin, a professor specializing in cultural tourism research at the Shanghai University of Finance and Econo

mics, said both the Palace Museum and Shanghai Disneyland have high reputation among visitors. Since both bo

ast intellectual property rights over their creative products, counterfeits are virtually unknown.

Shanghai Disneyland, a $5.5 billion theme park, received more than 11 milli

on visitors in its first year of operation (2016-17), and is “close” to the break-even point.

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In spite of objections from his family, Zhang chos

 to start a photography studio in Beijing in 2011 rather than find a steady job.

“It takes a long time for people to understand this profession. Now with online promotio

n, I have been receiving more and more orders,” he said. “The clients now have to wait until next year for a

n appointment.”An evening gala was staged for the opening ceremony of the 2019 Beijing International Horticultural Exhi

bition in the capital’s Yanqing district on Sunday. The Chinese traditional dance performance used holo

graphic projection to present flying butterflies over the stage, and featured some segments of Kunqu Opera.eijing aut

horities have prepared an overall traffic plan to better serve visitors to the International Horticultural Exhibition 2019

Beijing that opened to public on Monday and is expected to attract more than 16 million tourists.

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Tesla probes car self-ignition case in Shanghai

US auto giant Tesla said on April 22 that no one was hurt in a vehicle se

lf-ignition accident at an underground garage in Shanghai and it has sent a team to the scene.

According to the Xinmin Evening News, the self-ignition of a white Tesla sedan took

place at about 8 pm on April 21 at a community garage in Shanghai’s Xuhui district, whe

re residents living in the apartment building were evacuated following the accident.

Footage caught on a surveillance camera showed that thick smoke ro

se from the car, followed by huge flames. Cars parked nearby were also damaged.

Due to the irritating odor, firefighters closed the en

trance of the garage to spray water before going inside to clear out the fire.

Tesla said on its official micro blog that it has alerted related agencies and was cooperative in verifying the incident.

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