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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.
April, despite the continuing downward trend of the automotive market, Securities Daily reported on Wednesday.
From January to April, the country’s NEVs market experienced strong gro
wth of sales and production, recording a year-on-year increase of 59.8 percent and 58.5 p
ercent, respectively, according to China Association of Automobile Manufacturers (CAAM).
China sold 97,000 NEVs last month, an increase of 18.1 percent year-on
-year, while the output reached 102,000, up 25 percent compared with a year earlier.
Pure electric vehicles saw a rise in both sales and output by 9.6 percent and 28.2 percent, respectively, to 71,000 units and 82,000 u
nits in April. Besides, about 26,000 plug-in hybrid vehicles were sold during the same period, surging by 50.9 p
ercent from a year earlier, and the output increased 13.6 percent to 20,000 units.
ity in nursing services,” Jiao said. “We will release a detailed standard for evaluating nursing services for the disab
led elderly population, including psychological needs, so the services will aim precisely at those most in need,” she said.
Xi Huan, vice-president of Beijing Hospital, said major medical institutions need to m
ake more efforts to improve services for the elderly, including the promotion of disease prevention edu
cation and increased follow-up visits for elderly patients who have been discharged from the hospital.
“Big hospitals should provide more help for elderly patients, and more follow-up nursing services after they leave the ho
spital, so they can get timely help if problems occur at home or at community health centers,” he said.
ties brought by the BRI, which by some estimates could be worth 1.8 billion pounds ($2.33 billion) annually to the British economy.
As a financial hub for international infrastructure investmen
t, British firms and international companies based in the UK stand ready to provide many of the ser
vices required along the Belt and Road, especially as it becomes more of a shared venture, she said.
They can also provide private financing required by the project and support thro
ugh green finance, consultancy, rule of law and foreign exchange, McGuinness added.
Seventy years after the founding of the People’s Republic of China, ties between China and UK h
ave gone from strength to strength, with bilateral trade now worth nearly 70 billion pounds, McGuinness said.
“I look forward to celebrating this long, fruitful relationship with our Chinese counterp
arts, and to marking the next chapter of our partnership in the Belt and Road,” she added.