traded and they can redirect trade toward one country, away from others. They cannot directly affect any country’s worldwide current account balance. A count ry 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 gove rnment system to encourage increased savings. China has almost nothing to do with it. Ironically, the disputes between the US and China centerRead More →

roject, including Russia, Egypt and Algeria, and 17 domestic research teams, including on e from University of Science and Technology of China, have started research on the site, Zheng noted. The site will “offer research teams with observation equipmen t, support for outdoor observation and data sharing services”, he said. Wu Zhongliang, director of the administra tion’s Institute of Earthquake Forecasting, said the experimental site will help for m a “united front” at the national and international level to work on earthquake forecasting. Referring to earthquake forecasting as a hard nut to crack, Wu said the work can not see marked progress just in aRead More →

“The country has always adhered to international treaties, such as the Charter of the United Nations, the United Natio ns Convention on the Law of the Sea, and the Spitsbergen Treaty, as well as other international laws and upheld the p rinciple of respect, cooperation and common winning and sustainability when actively participating in Arctic affa irs and contributing Chinese wisdom and power in the sustainable development of the Arctic region,” he said. The annual Arctic Circle Forum, established in 2013 and initi ated by Iceland’s then-president Olafur Ragnar Grimsson, is a platform to help the inter national community care for, understand and protect theRead More →

and external shocks from the long-term trend and to conclude that China’s potential growth rate really is 6-6.5 percent. Many Chinese economists cite long-term supply-side structural factors-such as demographic agi ng, environmental degradation, and a lack of progress on reform-to argue that China has simply en tered a new stage of development, characterized by significantly lower potential growth rates. Structural factors don’t explain falling growth rate While this may be true-everyone in China agrees that 9-10 perce nt annual growth rates are a thing of the past-there is no clear indication of how much Chin a’s growth potential has actually declined. Long-term supply-side structural factorsRead More →

ent. External critics of China don’t appreciate that Chinese themselves realize there are issues to be addressed. They are doing so. These developments should be encouraged.” President Xi Jinping, who spoke at the Second Belt and Road Foru m for International Cooperation in Beijing recen tly, listed areas in which China will improve the environment for foreign investment. The president said the nation will work hard to create a business environ ment that respects the value of intellectual prop erty, will improve the legal system for IPR protection at all levels, will strengthen law enforcement and pr otection for the legitimate rights and interests ofRead More →

ment and progress, international communicators should further play up their special role in advancing unders tanding, deepening friendship and expanding cooperation in the fast-changing world. They should push world pro gress in the right historical direction while promoting exchanges among civilizations and mutual learning. First, we should act as promoters of exchanges among human civilizations. The mutual depende nce, exchanges and learning of different civilizations give shape to the abundant and colorful world tod ay. As the UNESCO Universal Declaration on Cultural Diversity points out, cultural diversity “is the common herit age of humanity”. The diversity of human civilizations is a basic characteristic of theRead More →

e charge of the task, according to the decree signed by Premier Li Keqiang. All government services, unless otherwise specified by laws and regulations or involving state secrets, shall be processed online in line with the procedures determined by the State Council, the decree noted. Government service providers must not require enterprises or ind ividuals to submit information that is already acces sible through information sharing. Neither are they allo wed to put the submitted information to other uses. The decree also confirms the legal validity of electronic signatures, seals, certificates and archives. The decree came into effect the day it was made public. avnfi.cnRead More →

ctural reform and consolidate outcomes in its efforts to cut overcapac ity, reduce excess inventory, deleverage entities and lower costs, the statement said. More efforts will also be made to strengthen the dynamics of micro-entities, im prove industry chains and ensure unimpeded flow of goods and services in the national economy. The meeting also pledged major new outcomes through enhanced reform and opening-up. More work will be done to seize new opportunities, improve scientific and technological innovation capacity and speed up green development, said the st atement, which also stressed the need for the country to take part in the reform of the global economicRead More →

of them are relatives, so the close ties between them are not broken by national borders. What th e school has been doing is to further strengthen the special bond between the two peoples,” he said. The school has preschool classes and first through third grades and all classes are taught in Chinese, Dai dialect and Burm ese, Sun said, adding that students can take advantage of free tuition and nutritious breakfasts. Jie En, 11, a Myanmar student at the school, said, “The teachers do not treat us differently because we come from a different country, and people cannot tell wh ether we are fromRead More →

year. We must build a presence there.”In the fourth quarter of 2018, Oppo outcompeted Samsung to become the largest smartphone vendor in Thailand with a market share of 22.2 percent, gro wing about 70 percent year-on-year, according to the market research company Canalys. Its products and services are also well received in other South Asian and Sout heast Asian countries, including India, and African countries such as Kenya. In 2018, Oppo shipped 113 million units of smartphones wor ldwide, garnering a global market share of more than 8 percent, according to IDC data. Other Chinese smartphone makers, including Huawei, Xiaomi and Vivo, are also lookingRead More →