Category 红包群龙凤1314

On the one hand, judging红包群龙凤1314ustrial developme

nt history, the relocation of some manufacturing industries from

红包群龙凤1314China to overseas destinations is inevitable given the extent of China’s development. On the other h

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

top seven economies in terms of size and quality even decades after the industrial migration.红包群龙凤1314

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.

Second, the rapid rise of emerging manufacturing industries in China will to a large extent offset t红包群龙凤1314

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.

dnrjpa.cn

Former US treasury红包群龙凤1314女神会所lson may hav

ve over-estima红包群龙凤1314女神会所ted the impacts of US sanctions on Huawei in his latest Financial Times pi

ece. Because they do not work like a “death sentence” at all with Huawei raking in 5G contracts at home and abroad.

But he made a critically important point in warning that “we now face the very real prospect that an economic iron curtain may descend”.

The US approach that threatens to “Balkanize” technology and “decouple” it from China, as Paulson suggested, risks dividi

ng the global technological and economic landscape, isolating the US itself, and undermining US capabilities for innovation.

His observations deserve a broader audience, especially those whole-heartedly trumpeting an all-round trade war.

But as Paulson also pointed out, what is at stake goes far above and beyond a trade war

www.prxffc.cn

The 5.1 percentage point growth of leverage ratio is

?out of our expectations, and it was maintained because of

countercyclical policies,” said Zhang Xiaojing, a senior economist with the CASS.

But the deleveraging process should continue, and more measur

es will be introduced to ease the debt burden, es

pecially for the private sector, said Lian Weiliang, deputy head of the National Development and Reform Commission.

One of the key measures is to further promote the debt-to-equity s

wap program, to inject more social funds into indebted companies through holding the com

panies’ shares, the NDRC official said. “We will choose more qualified private companies to join this program.”

ypqsr.cn

“I think there are advantages and opportunities on b

oth sides if we can get people to sit down and really look at how do we put these pieces together,” Holden said.

He listed infrastructure, energy, education and business-to-business relationships as potential areas of coope

ration between China and the US, and he suggested such cooperation could start from subnational bilateral exchanges.

“It’s so important to be working at the state and local level. Because in that fashion, by buildin

g these relationships now, hopefully we get a more stable relationship nationally going forward,” said H

olden.hina’s relevant government department decided to open an investigation into US shipping company Fed

Ex, for suspected infringement of Chinese customers’ legitimate rights and relevant laws and regulations.

www.jvuau.cn

rvices will be provided based on the results of a sur

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.

www.yt178.cn

Noting that China has the world’s biggest middle-incom

income population, Xi said that China would open up its market continuously and welcome quality products from around the world.

China does not pursue a trade surplus intentionally, and it would like to import more com

petitive farm products, finished products and services to promote the balance of trade, Xi said.

China will promote greater openness in modern services, manufacturin

g and agriculture, allow foreign capital to hold the controlling share in more areas and buil

d some new free trade pilot zones to further ease market access for foreign capital, he said.

China will speed up making relevant rules and regulat

ions and ensure the implementation of the Foreign Investment Law, Xi said, adding that the cou

ntry will push forward supply-side structural reform through fair competition and international cooperation.

gzbbas.com

Well-tuned steps urged for poverty eradicatio

President Xi Jinping underlined on Monday the need to shore up areas of weakness and carry out more targeted pove

rty alleviation efforts in building the country into a moderately prosperous society in all respects.

Xi, also general secretary of the Communist Party of China Central Committee and chair

man of the Central Military Commission, made the remark while presiding over the fourth meeting of t

he Central Committee for Financial and Economic Affairs. Xi is head of the committee.

The meeting stressed the importance of achieving targets for poverty alleviation across the boar

d and focusing efforts on areas of extreme poverty, according to a statement released after the meeting.

It is important to tackle the remaining difficulties faced by people still confronting hard

ships in terms of their access to education, medical care, quality housing and safe drinking water after ens

uring that their basic needs for food and clothing have been met, the statement said.

It added that solving prominent environmental pollution probl

ems must be prioritized to ensure periodical targets can be achieved before 2020.

www.shlfsm.com

This so disappointed and frustrated it that it has begun

?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.

www.chitudoudemao.cn

As the central government started a new round of subsi

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.

khlee.com.cn

But one of the first things taught to economics gradu

?students, even back in my day, is to be wary of the perils of data mining. And the middle-income tra

p is a classic example of the pitfalls of endless number crunching. Give me a database and a po

werful computer, and I can “validate” almost any economic relationship masquerading as an analytical co

njecture. There are five key reasons to dismiss the widespread diagnosis that China is ensnared in the middle-income trap.

First, a middle-income trap may not even exist. That is the conclusion of a rigorous empirical stud

y by Lant Pritchett and Lawrence Summers that covers a broad cross section of 125 economies from 1950 to 20

10. The best they could come up with is a strong tendency for growth discontinuities and mean reversion. At the recent China Development Forum in Be

ijing, Summers went further in assessing likely outcomes in rapidly growing developing economies, dubbing any

mean-reverting slowdown as merely a tendency to close a “post-miracle gap”. Needless to say, the statistical regularity of s

uch periodic growth gaps is very different from the permanent quagmire of a growth trap.

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