Since both Beijing and Washington understandably want to hold their cards close to their chest s until Xi Jinping and Donald Trump actually sit down to talk, it remains difficult to foretell exactly ho 上海会所w the widely anticipated Saturday meeting between the two presidents on the sidelines of the G20 Summit in Osaka will play out. Both sides appear intent on seeking the best possible outcome, while being prepared for the worst. For all the harshness in thei上海会所 r respective rhetoric, both parties need some kind, or at least degree, of truce. Because both are beginning to feel the pain. Yet ironing out the obviouslyRead More →

oup, says an e上海后花园品茶微信xcellent film should resonate with the audience, evoke emotions and create a new world in the viewer’s mind. he “Shandong Day” event kicked off on June 20 at the ongoing International Horticultural Exhibition in Beijing, showcasing the picturesque landscapes and abundant cultural resources of East China’s Shandong province. The three-day event, themed under “Building dreams in the new era, displaying a b eautiful and new Shandong,” is designed to present the province’s natural environment, tra ditional culture, arts, and horticultural achievements through a series of activities. The Shandong Garden, which covers an area of 3,000 square meters, is designed using elements ofRead More →

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 →