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.
gion must focus on the key elements of greater integration and high-quality developmen
t to lead the growth of the whole Yangtze River Economic Belt and East China, the statement said.
The meeting called for better awareness of integrated development and putting the region’s growt
h into the perspective of a unified strategy, as well as the development of a modern economic system.
It also required adequate coordination and implementation to ensure the effective implementation of various tasks in the plan.
The delta region, including Shanghai and Jiangsu, Zhejiang and Anhui provinces, is among the areas with the most robust econ
omic growth, the highest level of opening-up and the strongest capacities in innovation in China.
The total GDP of the delta region reached 21 trillion yuan ($3.06 trillion) in 2018, which
accounted for around one-fourth of the national total, according to Economic Daily.
producing specialized bicycles for health, sports and slow urban lifestyles.
Century-old bike-maker Shanghai Phoenix Enterprise (Group) Co Ltd and Tianjin Flying Pigeon Cycle Development Co are
transforming to produce sports and leisure bicycles based on the fast growth for these types of products.
The output of such bicycles priced above 1,000 yuan saw an 18.5 percent year-on-year increase to 8.43 millio
last year, up 10.5 percentage points over the previous year and accounting for about 11.5 percent of the total.
Other companies including Bike8, Onelap and Incolor continue to manufact
ure innovative bicycles by improving the intelligent and network connecting levels of their products
ter Games was unveiled in February. Plans aim to optimize the
venues’ designs and operations to be beneficial to the hosting regions after 2022.
“Here, you have the venues from 2008 that are going to be used in 2022 for a complete set of winter sports. This is a wonde
rful legacy story,” said Juan Antonio Samaranch, vice-president of the International Olympic Committee.
Powering all the 2022 venues using green energy while minimizing environmental impacts, while
planning for their post-Games operations, are key in venue preparation this year, Liu said.
To support the preparations financially, Beijing 2022 has signed nine domestic market
ing partners and four second-tier sponsors, while the Games’ licensing program, whic
e in trying to forecast earthquakes, it may very well happen in China,” said Tappo
nnier, also foreign associate member of the United States’ National Academy of Sciences.
Four leading ethics scholars in China are urging government authorities to intensify their supervision over scientific research to re
duce the chances of unethical use of biomedical technologies involving gene editing and stem cells.
The appeal, published in the journal Nature on Wednesday, referen
ced a major ethical scandal in November, when a Chinese scientist announced he had pro
duced the world’s first twin human babies whose genes were altered to make them immune to HIV.
According to the administration, the country is stricken by an average 20 earthquakes abo
ve magnitude 5 every year. There is an earthquake above magnitude 8 every decade. Since the turn of
the new millennium, more than 91,800 people have been killed by earthquakes in the country.
decade is likely to be driven by greater global financial sector integration,” said Alfred Schip
ke, the International Monetary Fund’s senior resident representative for China.
Chinese students are increasingly diversifying their choices of destinations for overseas stud
ies, with more students choosing to go to the United Kingdom, Australia and Canada, a new report showed.
In a multiple choice survey for the annual Report on Chinese Students’ Overseas Study, released
on Tuesday, while the United States remains the most popular destination for overseas study this year, pref
erred by 43 percent of the respondents, this was down by 8 percentage points compared with 2015.
US dominance looks uncertain as the number of students inclined to study in the UK r
ose sharply in 2019, accounting for 41 percent, up 9 percentage points compared with 2015.
As landmarks of the International Horticultural Exhibition 2019 Beijing China, the China Pavilion and the Inter
national Pavilion are attracting large numbers of visitors thanks to their unique designs and functions.
Covering an area of 5 square kilometers, the expo is being held in the capital’s Yanqing district.
Following the ancient wisdom of the Chinese people, the China Pavilion takes the shape of a green b
uilding that can “breathe” and has “life”, as described on the exhibition’s official website.
Core portions of the pavilion are composed of terraced fields. Fun
ctions of both irrigation and insulation are at play, and th
e fields help reduce energy consumption of the building while also offering heating or cooling functions.
He also said improving transparency for projects’ financing is needed, especially for green
financing, and using local currencies in BRI investments to curb exchange rate risks. “The opening of local curr
ency-denominated bond markets will effectively attract long-term funds and reduce risks of currency mismatches,” he said.
Christine Lagarde, managing director of the International Monetary Fu
nd, said at the forum that China’s increased focus on the long-term success of BRI projects and the
BRI debt sustainability framework “are very welcome steps in the right direction”.
The further opening-up of China’s financial sector, such as the b
ond market, will enable diversification and foster renminbi internationalization, she said.
stars in today’s China, will take the opera makeover to the stage of the Chang
‘an Grand Theater on May 25, as the closing show of this year’s Meet in Beijing inte
rnational arts festival. Celebrated Peking Opera artist Gao Mukun will star as Xiang Yu.
For 48-year-old Zhang, it’s a dream come true.
“It’s always been my dream to play concubine Yu since I was learni
ng Peking Opera in Tianjin in the 1980s, but I didn’t get the chance,” Zhang said at a news conf
erence in Beijing on Tuesday. “I look forward to it very much and I hope the audience will like it.”Zhang is an inh
eritor of the “Cheng School” of Peking Opera, a performing style founded by Cheng Yanqiu (1904-58), one of the great Pe
king Opera masters of the 20th century. While Mei Lanfang’s “Mei School” is fam
ous for his smooth, moderate and poised style in playing elegant female roles, Cheng style is kn
own for interpreting tragic women with frequent changes in sounds and rhythm.
nergy of all parties, Belt and Road cooperation will definitely become deep and concrete, steady and extensive,” the report said.