Moreover, Washington has forbidden US companie

 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.

Love-u.cc

China has to walk a fine balance between local govern

nment debt management and stable economic growth, especially at a time when trade te

nsions with the United States have imposed more downward pressure, said economists.

More financial resources and investors will be involved in the debt resolution process, said Qiao Baoyun, head of the Acad

emy of Public Finance and Public Policy at the Central University of Finance and Economics.

The last round of local government debt swaps started in 2015 and ended in August 2018, w

hich saw 14.34 trillion yuan ($2.08 trillion) of local government debt being swapped into bonds.

Local governments are set to face more debt burden in the next three ye

ars, as many of the previously issued bonds are set to expire, income from land sales has

7893391.cn

Intensified law enforcement also benefits overseas ent

erprises in China. Last year, intellectual property authorities punished violators in more

than 6,000 cases of infringing on rights of trademark registrants from overseas, with a t

otal value of 151 million yuan ($22 million), an increase of 50.1 percent over the previous year, the report said.

An agreement to support young scholars’ research into the Silk Road was signed between China and UNESCO during a ses

sion of the Conference on Dialogue of Asian Civilizations in Beijing on Wednesday.

Under the agreement, an international academic program will be launched with funding of $1 mill

ion from the Chinese government to scholars under 35 years of age from around the world.

Hosted by the Ministry of Education and UNESCO, the session – entitled “Safeguardin

g the Diversity of Asian Civilizations” – focused on cultural interactions among Asian people and disc

ussed challenges in terms of revitalizing the multiple cultures of Asian countries and regions.

chuangxiangjie.cn

Wang said the Sino-US trade talks have made important

and substantive progress thanks to efforts from both sides. Meanwhile the talks face some serious problems which need to be resolved.

The top diplomat said that as long as the negotiations meet the general direction of China’s reform an

d opening-up policy, adhere to China’s basic needs about high-quality development and serve the com

mon interests of the Chinese and US people, the negotiator teams from both sides could have the capability and w

isdom to settle their reasonable demands and eventually achieve a win-win agreement.

Wang said China insists on upholding national sovereignty, safeguarding the inter

ests of its people and defending national honor when negotiating with any country.

According to the General Administration of Customs, trade between

China and the US in the first four months stood at 1.1 trillion yuan ($160 billion).

lirxb.cn

Hospital head removed after 5 infants diern Medical Univers

Investigators criticize lax management, failure to control enterovirus outbreak

Liu Ruilin, Party secretary and president of Shunde Hospital of Southern Medical University, has been

removed from his positions after five babies died and 14 fell ill during an enterovirus outbreak at the hospital.

The five newborns who died had other underlying diseases, such as pneumonia, before c

ontracting the virus, according to a statement from the Guangdong Health Commission on Saturday.

Thirteen of the sick babies have been discharged from the hospital, w

hile the other one continues to be treated and is in a stable condition, the commission said.

An investigation determined that the case became serious because

of the combination of the intestinal virus with lax hospital management.

www.roseway2013.org

he premier attached great importance to such measur

asures as reducing the rate of the value-added tax, increasing the

tax exemption for research costs and reforming individual income tax.

The measures should not only ease the tax burden for manufacturing com

panies but also reduce taxes for construction enterprises, which provide a great num

ber of jobs, Li said, adding that all industries should be covered by the benefits of tax cuts.

Li pledged more efforts to urge government departments and State-owned e

nterprises to pay off their debts so that the effects of tax reduction are not diminished.

The government will take further measures to deepen reform and opening-up, en

courage innovation and entrepreneurship and promote fair competition, Li said, adding that com

panies should also seize the opportunity to promote high-quality growth.

pristinefood.org

hina deeply disappointed by US tariff planpointm

hina voiced deep disappointment late on Wednesday about Washington’s plan to raise tariffs on Chinese imports on Fr

iday, saying that it will take necessary counter-measures if the US tariffs increase takes effect.

The planned tariffs increase on $200 billion worth of Chinese

imports from 10 percent to 25 percent was filed by the Office of the US Trade Representative, and

the filing appeared on Wednesday in the Federal Register, the Associated Press reported.

In response, an unnamed spokesman for the Ministry of Commerce said in a statement on the ministry’s website that escal

ating trade friction does not serve the interests of people in the two countries and the world.

Major US trade bodies have urged the Trump administration to avoid further escalating tensions by suddenly incr

easing tariffs on Friday, while experts said it’s sensible for China to continue negotiations in a measured way.

www.whcoding.cn

Not only are there missing links on the causality chai

 between long-term structural factors and actual economic performance, it is also unclear how long those factors would take to constrain GDP growth to a part

cular level. In fact, 20 years ago, the same long-term factors were used to warn of a possible fall in Chinese GDP growth.

Because of the complexity of China’s growth trajectory, many economists seem to base their assessments of potenti

al on performance. After every drop in China’s GDP growth since the second quarter of 2012-when growth fell be

low 8 percent-economists have emerged to declare that performance was in line with potential.

Difficult to determine potential growth rate

To be sure, there are various estimates of China’s potential growth rate, ranging from 5 perc

ent to 8 percent. But it is difficult to determine which is reliable. For one thing, there is reason to believe that

most estimates fail to discount cyclical factors adequately when calculating the long-term trend.

www.koryoung.com.cn

died and 24 were injured in a fire in Guilin, the Guangxi Zh

According to a news release from the local fire department, the battery of an electric bicycle parked beside a building for s

tudents ignited, starting the fire. The incident is still being investigated and some people have been detained.

This is not the first fatal fire caused by an electric bicycle. In December 2017, five people were killed and nine injured when an electric bike started a fire in Beijing, and

in July last year, one person was killed and another injured in Wuxi, Jiangsu province. In fact, type “electric bicy

cle” and “fire” into any online searching engine and you will get hundreds of pages recording them.

How could that happen?

The all-too fast expansion of the industry is to bla

me. There are already 300 million electric bicycles in China, roughly one for every four persons.

However, when it comes to charging the bikes, a big proble

m has emerged. As a growing number of people live in residential buildings without separa

ypcxf.cn

The aircraft, a Sukhoi Superjet 100 from Aeroflot Russ

sian Airlines, was bound from Moscow for Murmansk in Russia’s far north.

It made an emergency landing at the airport shortly after takeoff with 73 passengers and five crew members aboard.

The aircraft circled before making a hard landing back at the airport after the crew issued a mayday alert.

As seen in CCTV footage, the plane touched down hard and skidded along the runway, spewing out plumes of black smok

e and nearly completely afire. The plane’s undercarriage collapsed as it slowed to a halt on the tarmac.

Yelena Markovskaya, spokeswoman for the Moscow interregional tr

ansport investigation department of the Investigative Committee of the Russian Fed

eration, said on Monday that 37 people survived, including four crew members.

www.shadoujiazu.com.cn