nt history, the relocation of some manufacturing industries from
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and, this phenomenon does not mean China will lose its manufacturing and economic power.红包群龙凤1314品茶微信
During the previous five industrial migrations, the economic development of the leading countries that hosted such industries didn’t stop after
some of the traditional sectors relocated to other countries. Instead, they soon saw the rise of new industries, high-end m红包群龙凤1314
anufacturing and the service sector－and they are still developed economies. For example, the US is still the world’s larg
红包群龙凤1314品茶微信est economy even 60 years after the third industrial migration, while Japan, Germany and Britain are ranked among the
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Relocation speed and scope not alarming
As a country with the world’s largest population, the third-largest territory, and the longest continuous红包群龙凤1314
economic growth curve, China’s case will be the same even after the relocation of some of its manufacturing industries.
First, as mentioned above, the speed and scope of the manufacturing units’ relocation from China are not as fast and large as s
红包群龙凤1314品茶微信ome people imagine. The industrial relocation from China started after the 2008 global financial crisis br
oke out, accelerated in 2012, and gained pace last year due to the Sino-US trade conflicts.
But the consequences are not expected to be very serious. For instance, from 2008 to 2018, global trade grew at an annual aver
age rate of 2.4 percent, while China saw 6.3 percent annual average export growth, which shows China’s export g红包群龙凤1314品茶微信
rowth has been not only steady, but also 3.9 percentage points higher than that of global trade.
As a result, the share of China’s exports in global exports rose from 8.9
percent in 2008 to 12.9 percent in 2018, an increase of 4 percentage points. Which is a clear indica红包群龙凤1314
tion that the relocation of manufacturing industries from China is not fast enough to make us feel worried.
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he impact of the relocation of low-end industries on its entire manufacturing industry and e红包群龙凤1314品茶微信
conomy. Therefore, China will continue to be a manufacturing and economic powerhouse.
China will offer customized data services for disaster prevention throug
h its Fengyun meteorological satellites for more countries along the Belt and Road, said a
senior official of the China Meteorological Administration’s National Satellite Meteorological Center.
The services will be provided based on the results of a survey of 81 countries. By the end
of April, 22 countries, including Afghanistan, Pakistan, Iran, Russia, Libya and Sudan, had responded to the survey.
All of the respondents said they wanted to install the application software platforms
of the Fengyun satellites for weather forecasting, as well as climate and environment monitoring.
They also requested a range of services, especially in monitoring rainf
all, droughts, dust storms, heavy fog and lightning, in addition to training courses on F
engyun meteorological satellite data analysis, remote-sensing applications and data collection.
?question whether the US is really trying to improve the DPRK-US relationship and it is wondering whe
ther its previous steps to promote engagement with Washington were the right thing to do.
In what was the most comprehensive review of Pyongyang’s recent i
nteraction with Washington, the DPRK leader put the ball decisively back in Was
hington’s court after the US president floated the idea of a third summit on Thursday.
Washington maintains unabated zeal for a deal of some sort, because ot
herwise the engagement with Pyongyang since last year
would be regarded as failure. So, more likely than not, it will try to find a way to keep the possibility of a summit alive.
But the “correct manner” Pyongyang demands is Washington forsaking its “max
imum pressure” and demonstrating sufficient goodwill by relieving, or completely rollin
g back, sanctions, putting an end to the state of war, or, even better, offering economic incentives.
China and the European Union have committed to achieving major progress this year in negotiations for a high-level bilateral in
vestment agreement with a view to concluding the ambitious accord next year, according to a joint statement.
The two sides pledged to widen market access, eliminate discriminatory requireme
nts for foreign investors and establish a balanced investment protection framework, according to a joint statem
ent issued after the China-EU leaders’ meeting held in Brussels, Belgium, on Tuesday.
Premier Li Keqiang, European Council President Donald Tusk and Eur
opean Commission President Jean-Claude Juncker co-chaired the annual meeting and reach
ed consensus on a wide range of issues, including bilateral ties, global challenges and governance.
They committed to building an economic relationship based on openness, nondiscrim
ination and fair competition, ensuring a level playing field, transparency and mutual benefit, the statement added.
Two-way trade between the EU and China reached more than $682 billion last year. The E
U is China’s biggest trading partner, and China is the EU’s second-largest trading partner.