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revenue collected by the US government through hefty tariffs on Chinese imports, has been paid almost entirely by US importers.
“Some of these tariffs have been passed on to US consumers, such as those on washing machines, wh
ile others have been absorbed by importing firms through lower profit margins,” the research said.
Any further increase in tariffs will likely be passed through to consumers, it said.
China and the US, the world’s two largest economies, have been embroi
led in a tit-for-tat trade confrontation over the past few months. Washington threatened to fur
ther escalate a tariff war and increased tensions by tightening restrictions on Chinese companies.
Earlier this month, the US raised tariffs on $200 billion of Chinese imports from 10 percent to 25 percent, and China took coun
termeasures. Then the US administration listed about $300 billion more of Chinese goods for possible tariff hikes.
to sell chips to ZTE, a Chinese multinational telecommunications equipment and
systems company, even after imposing huge fines on the company. By so doing, the US has act
ually encouraged China to increase investment in its high-tech sector. So, even if China and the US were to strike a de
al, China would be prompted to import lower volumes of energy and agricultural products from the US.
In macroeconomic terms, the China-US trade dispute has added h
uge uncertainties to the US economy and raised the likelihood of recession. Which cou
ld thwart the US president’s chances of being re-elected in 2020. And the trade dispute c
ould prevent the US from taking the measures it intends to in order to consolidate its national power.
Given that the US economy is driven by domestic demand, consumption in particular, instead of exports, a high rate of eco
nomic growth will widen the trade deficit, as it would have to import more products than it exports. In such a situa
tion, the implementation of large-scale infrastructure construction projects would further increase the trade deficit.
To make up for the increasing savings gap, the US needs to introduce and use more foreign ca
pital, which will further enlarge the trade deficit. Therefore, the US cannot simultaneously maintain a high g
rowth rate, invest massively in infrastructure, reduce the trade deficit and restrict the inflow of foreign capital.
What is really questionable is that, despite its contempt for over-regulation of the economy, the US administration has been tryi
ng to impose regulations on international trade, even for its trade partners’ domestic economic management.
essure, and psychological experts say that thinking of nothing is a mental
adjustment for people, which is
good for health as it can reduce the risk
of anxiety and depression by 25 percent, according to Workers’ Daily.
If people can’t manage their emotions effectively under high pressure, it will
harm their family life, work and social life, experts say.
The suggestion sparked reaction from netizens, with Sina Weibo user
Happy little witch123 asking, “Is it ok if I
accumulate the daily five minutes and me
ditate a hour on one day?” A WeChat user named yuenyuen said, “I’m not
bragging but I can meditate for a whole day.”
Just 20 days after the opening of a
museum of broken relationships in Taiyuan, capit
al of North China’s Shanxi province, its owner joked that it was turning into a blind date site, thecover.cn reported.
Since it opened to the public on April 25, the museum has received 500 visitors every day, aged between 16 and 25.
including existing ski resorts and some newly built projects, to host all eight Olympic snow sports
in 2022. The three clusters will be connected by a new high-speed railway, which will be completed by t
he end of this year. It looks beyond the Games to boost future winter sports tourism.
According to the organizing committee, all 26 venues for 2022 will be ready by June next year with the f
irst test event, a World Cup skiing series, scheduled to be held in Yanqing’s National Alpine Skiing Center in February.
About 90 percent of the earth moving work for the mountain center is now complete, and a 53-hecta
re forest reserve has been built nearby for transplantation of all the trees affected by the construction.
“The preparations are ready to step up to the next stage, from planning to
the readiness phase. Beijing is ahead in the race against time,” said Liu Yumin, dire
ctor of the planning, construction and sustainable development department of the 2022 Olympic Organizing Committee.
China’s plan to involve international communities in its space mis
sions to jointly conduct space research shows its determination to further enhance global coop
eration in space projects, according to the director of the United Nations Office for Outer Space Affairs. That incl
udes opening up its planned space station to other countries, especially developing countries.
China’s space station, which is expected to be completed and operating by 2022, will be the world’s first space station open
for cooperation with all UN member states in manned space flights and exploration. The station will be able to sup
port research on astronomy, space life sciences, biotechnology, microgravity fundamental physics and space materials science.
year-on-year in the first quarter, compared with 5.7 percent in the previous quarter.
The ministry said more than two-thirds of enterprises it surveyed received ample orders to
keep factories busy after the Spring Festival break, also signifying an upward trend.
Qu Xianming, an expert at the National Manufacturing Strategy Advisory Committee, s
aid the sound performance in the first quarter is the result of improved market expecta
tions and it mirrors the resilience and sustainability of the country’s manufacturing sector.
“The central government said in March that it would slash the value-a
dded tax rate of 16 percent in manufacturing to 13 percent. Such an aggressive cut sends a strong
positive signal to companies, which has motivated them to accelerate production and intensify investment,” Qu said.
Premier Li Keqiang called on China and Japan to boost cooperation in innovation to see more pra
gmatic outcomes, and to further work together in areas including finance, third-party markets and tourism.
The two countries should also create a fair and unbiased business environment for each other’s en
terprises, Li said in a meeting with visiting Japanese Foreign Minister Taro Kono in Beijing on Monday.
The meeting came after a China-Japan high-level economic dialogue,
co-chaired on Sunday by State Councilor and Foreign Minister Wang Yi and Kono. The dia
logue, also attended by ministers of agriculture, industry, commerce and environ
mental protection from both countries, was also the first to be held in China between the two nations since 2010.
Li congratulated attendees on the successful hosting of the dialogue in his opening remarks, noting that bilateral relation
s are back on the right track and have seen new progress thanks to joint efforts of the two sides starting last year.
hina and the United States will hold their eighth round of high-level economic and trade cons