eking Univer上海419sity’s National School of Development and a former member of the central bank’s monetary policy committee.
“But the adoption of (overly aggressive) macro-polices should be avoided” and there is no need to r
epeat 2009-type stimulation this time, Huang said last week. “Because it could have negative c
onsequences, including excessive production capacity, inflation and asset bubbles.”
Finance ministers and central bank governors from the G20 group gathered in Fukuoka, Japan, over the weekend and discuss
ed possible impacts of escalated China-US trade tensions on economic growth. The International Monetary F
und and the World Bank have recently downgraded their global growth projections for the next two years.
Finance Minister Liu Kun warned at the G20 meeting that protectionism co
uld hurt global growth. “All parties should pay close attention to downside risks and joint
ly protect the rule-based multilateral mechanism. Trade disputes should be resolved on a basis of fairness and ra
tionality,” said Liu, according to a statement on the ministry’s website on Sunday.
e上海千花坊品茶微信ficial, and the US has reaped substantial benefits from cooperation.
“China-US economic and trade cooperation has reached unprecedented depth and breadth,” the repo
rt said, noting that bilateral trade surged to $633.5 billion last year, about 252 times that of 1979.
Since the current US administration took office, it has ignored that, said Gao Feng, the ministry’s spokesman.
The US has propagated the notion of a “loss” of US trade with China and
uses the deficit as an excuse to provoke economic and trade friction, he said, ad
ding that the study was based on concrete facts and figures showing the nature and causes of the deficit.
The report shows that the US has made great profits from trade with China, Gao said.
The report found that bilateral trade in services exceeded $125 billion in 2018, and
two-way direct investment has totaled nearly $160 billion in the past four decades.
ed to scale the summit from the Nepali side on May 22 and 23. As a result, crowded conditions form
ed about 100 to 150 meters from the peak, Ma said in Kathmandu, Nepal’s capital. “I was force
d to wait in a line for about 20 minutes on my way down. Such circumstances can be fatal to climbers if the
y panic and consume more oxygen than planned. Also, they can easily get frostbite if they don’t keep moving.”
This year, about 90 percent of the climbers at Qomolangma are
first-timers. Lack of professional training and experience as well as undetected health issue
s should be mainly blamed for the casualties on the mountain rather than the traffic jam, Ma added. “Some expe
dition companies failed to prepare the climbers for crowded conditions which is really irresponsible.”
A growing number of people are eating alone, whether at home or in restaurants, and overturning traditional etiquette. Zhang Yangfei reports.
In China, food has always played a major role in promoting social cohesion. Communal eating is not on
ly familybased and deeply rooted in the nation’s cultural heritage, but is also regarded as an indicator of society’s health and stability.
Given that background, it is little wonder that eating alone, publicly or privately, has long been considered taboo.
However, in recent years things have started to change as a r
esult of demographic shifts and the growing influence of modern lifestyles.
According to a report released last year by the global market researcher
Kantar, 46 percent of people interviewed said they had eaten alone in the previous 24 ho
urs, a rise of 9 percent from 2017, and about 16 percent expressed a preference for eating solo.
e from the European Union,” Graham Brady, chair of the 1922 Committee that
can make or break party leaders, said following a meeting between his co
mmittee’s executive and May in parliament which he described as a “very frank exchange”.
The government has said lawmakers will be able to debate and vote on the Withdrawal Agre
ement Bill, the legislation required to enact May’s Brexit deal, in the week starting June 3.
“We have agreed that she and I will meet following the second reading of the Bill to agree a timetable for the el
ection of a new leader,” Brady said, adding that the conversation would take place whether the bill was passed or not.
May, who became prime minister in the chaos that followed the 2016 referendum when Brit
ons voted 52% to 48% to leave the EU, survived a no-confidence vote of her Conservative lawmakers in December.
ople. However, neither the US nor China can expect to keep, much less get back, low-wage, low-skilled manufacturing jobs.
Many people have the impression that Chinese goods are dominant in US markets. That is true only in a few highly com
petitive, low-profit sectors. According to US Commerce Department data, China has more than 50 percent of the
US market in such items as umbrellas, toys, prepared feathers, footwear, straw products, and bedding.
Chinese exporters have from 20 to 50 percent of the US market in ot
her low-value-added markets, plus electrical machinery and equipment, mechanical app
liances, and iron and steel. In most other categories, China has less than 20 percent of the US market.
China also assembles and then exports a lot of phones, computers and other gad
gets to the US. But, most of the profits and wages go to Japanese or South Korean componen
World Trade Organization was being negotiated, China’s economy was ti
ny as a portion of world GDP. It was clearly a poor, less-developed country that, except in a f
ew areas, was not able to compete with Western companies in high-value-added products.
As Alexander Hamilton, the first US Treasury secretary, argued, a developing country may need to p
rotect its “infant industries” from already established foreign competitors. This was the policy foll
owed by the US in the 19th century and by Western Europe, Japan, and South Korea in the years after World War II.
China is no longer a poor country. It can no longer compete by using low-wa
ge labor. Fortunately, it has now developed world-class companies that are incre
asingly developing new products and services that can compete successfully in many foreign markets.
candidates to the space technology academy, which then reviewed their qualifications and selected who would be admitted.
“Whether the candidates can get this opportunity depends on two fac
tors. First, their English proficiency is supposed to be good enough to handle our c
ourses－all of them are taught in English,” Li said. “And second, an ideal candidate should have at least a bac
helor’s degree as well as background in or some knowledge of the space industry.”
Candidates who pass the qualification screening are also required to write a research pr
oposal and provide an endorsement document signed by the space authority of their nation, he said.
Li said the program does not charge the students or their countries any fees. Ins
tead, the Shenzhou Institute gives each student 3,000 yuan ($445) per month as a stipend.
Cui Yufu, a senior designer of small satellites at the academy and a professor at the insti
tute, said the program has some advantages that other domestic and foreign space organizations don’t offer.
hina is stepping up the investigation and regulation of shareholder equity