i上海乌托邦ng-up in its coastal and border areas so that it could take a leading role in cooperation with countries in Northeast Asia. He noted that the new round of efforts to revitalize the Northeast has seen po sitive progress, and now is a crucial period for promoting economic transformation in the region. It is also a period that will see key problems in the region, he said. It is also important for the region to maintain stable economic perfor mance, speed up the replacement of old growth engines with new ones and make pro active efforts to enable the inflow of industries transferred from otherRead More →

portant stabilizing factor, he said. China’s research and devel opment spending ranks second in the world, acc ounting for around 2.18 percent of its GDP, while emerging strategic industries, th e sharing economy and other new growth engines are also seeing continuous expansion. The strong leadership of the Communist Party of China and the solid material and technological foundation built through dec ades of rapid development in the era of reform and opening-up will also help shore up economic growth, he said. He added that China also has enormous resilience, potential and flexi bility in development, deep experience in ma croeconomic regulation and ample spaceRead More →

 increase from 10.5 percent to 15.7 percent over the same period last year. Huawei’s smartphone sales grew in all regions and the company did particularly well in the European market, with sales up 69 percent. Apple ranked third on the list with sales declining to 44.56 million and market share down to 11.9 percent in the first quarter of 2019. China’s smartphone vendors OPPO and Vivo ranked fourth and fifth, respectively, on th e list released by Gartner, indicating a 2.7 percent decline in global smartphone sales in the first quarter of this year. According to another market research firm IDC, shipments by Huawei increasedRead More →

ed by 8.4 percentage points, as the global financial crisis caused demands to fall drastically. It i s possible that the Sino-US trade dispute could have a similar impact on the job market. So the government should implement an expansionary macroeconomic policy to create a loose em ployment environment and better implement social security measures to cope with frictional u nemployment and the structural employment problem of college graduates. To offset the possible negative impact of the Sino-US trade dispute on college graduates’ employment, the government sho uld also expand post-graduate enrollment, increase internships for unemployed college graduates and imp lement favorable policies to easeRead More →

eral merchandise trade between the two countries has declined by more than 15 percent since September 2018, when the second round of tariffs went into effect. “This has also impacted global value chains in East Asia and other trading partners,” the report said. “We’ve seen the trade tariffs that have been introduced on both sides have already been damaging trade,” said Dawn Holl and, chief of the Global Economic Monitoring Branch in the UN Department of Economic and Social Affairs. Holland said the adverse effects of trade tensions on economic growth in China “has been partly offset by some stimulus measures”. According to the report,Read More →

Shares of Luckin Coffee, a fast-growing rival to Starbucks in China, rose 20 percent in their US stock market debut Friday. The Chinese company, which opened its first store in Beijing less than two years ago, has 2,370 locations and plans to surpass the 3,700 stores Starbucks has in China by the end of the year. But unlike Starbucks, Luckin is losing money. It brought in $125 million in revenue last year, but spent much more th an that on coffee beans, store rent and other costs. Last year, it lost $475 million. Most of Luckin’s stores are small, have few seats and are usedRead More →

foreign company not only jeopardizes fairness and justice in world trade, it also poses a tangible threat to the security of 5G networks. As Huawei said in a statement, “If the US restricts Huawei, it will not make the US safer, nor will it make the US stronger. It will only force the US to use inferior and expensive alternative equipment.” Inferior equipment that might be exploited by criminals and terrorists. That the order is politically motivated rather than for security purposes can be seen from the fact that i t is merely the latest in a series of moves by Washington targeting Huawei-one ofRead More →

gime of intellectual property rights protection. Again, this is what foreign negotiat ors are seeking, but also is important for China’s own economy as it transitions to being a technology leader. Trade agreements can affect the types of goods being traded and they can redirect trade toward one c ountry, away from others. They cannot directly affect any country’s worldwide current account bal ance. A country 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, butRead More →

US soy farmers have urged Washington to work for a positive solution to the current tarif f dispute with the world’s top oilseed buyer China, and avoid further escalation of trade tensions. In a statement released late Tuesday, the American Soybean Association (ASA) described the t hreat by US President Donald Trump’s administration to increase the tariff rate from 10 percent to 25 p ercent on $200 billion worth of Chinese goods as the “worst case” for US soybean growers. “This is a predicament for soy growers,” said Davie Stephens, ASA president and a soybean farmer from Kentucky. “With depressed (soybean) prices and unsold stocksRead More →

to give lectures to the students to provide access to new developments in the international space sector. “We want to make sure that they will be able to design satellites when they complete their study here and go back to their countries,” Cui said. He added that compared with their Chinese peers, the foreign students are more active in class and are better at asking questions and sharing their thoughts. The foreign students will choose either remote sensing or comm unications satellites as the topic for individual research at the Shenzhou Institute, Cui s aid, adding that their choice will depend on what they willRead More →