The impact will be g上海后花园trollable. In 2018, the

 dependence of China’s growth on exports was only 18.24 percent, and the impact of exports on China’s economic growth is graduall

上海后花园y decreasing. Since the beginning of this year, despite the slowdown in world economic growth and international trade, China’s economy has st

arted well, and the main economic indicators have remained within a reasonable range. China is optimizing its economic structure, changing its dev

elopment mode, and improving its quality and efficiency. The Chinese economy is well poised to maintain the healthy trend of stable growth.上海后花园

• What is China’s position and attitude toward Sino-US economic and trade friction?

Since some people in the US provoked the Sino-US economic and trade friction, the two sides have increasingly taken divergent approaches to this issue. That is, s上海后花园

hould it be taken as a zero-sum game or based on mutual benefit, being addressed through confrontation or cooperation? Should the countries stay enc

losed or open up, maintaining a monopolistic or competitive market? Should the countries stick to unilateralism or multilateralism? All these differences are underpinned by the ulti上海后花园女神会所

mate question of whether the world is governed by the old way of hegemonism, or a new approach by building a community with a shared future for m

上海后花园女神会所ankind. China’s position and attitude toward these major fundamental issues is clear, firm and consistent.

Faced with the economic and trade friction provoked and escalated by some people in the US, China does not want a trade war. However, the country is not afra

id of a trade war and will fight one if necessary. Proceeding from safeguarding the common interests of the two countries and the world trade order, Chin上海后花园女神会所

a has responded to the concerns raised by the US with great sincerity. China overcame various difficulties, proposed practical solutions, and conducted 11 rounds of high-level ec

onomic and trade consultations with the US, which demonstrated China’s sincere desire of not fighting a trade war. How

ever, the US has continuously challenged China’s bottom line and overstepped the red line of norms governing international relations, att上海后花园女神会所

empting to sacrifice China’s rights to development and even damaging China’s sovereignty and dignity.

No matter how the situation develops, China runs its own affairs well. The fundamental way to deal with ec

onomic and trade friction is to develop itself through reform and opening-up, which China will continue to deepen.

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He recommended that under the normal circumstances

market could deter爱上海同城对对碰mine the RMB exchange rate, but if extreme situations arise, the central bank

can exercise some intervention to prevent spillover effects of exchange rate volatilities on neighboring countries.

Yi, the PBOC governor, said the current fiscal policy package is strong enough to counter headwinds, even if

the situation gets a little worse, and “a discussion” could be opened if the scenario turns “tremendously worse”.

Looking forward, the unemployment rate, rather than the GDP growth rate, should receive more atte

ntion. “The Chinese economy is presently doing reasonably well, and I don’t worry too mu

ch about the unemployment problem. So long as people still have jobs, it’s not a concern if growth slows slightly. But this ma

tter deserves to be very closely watched, particularly as now trade tensions escalate rapidly,” Huang said.

If trade tensions start to have “bigger impacts” on the economy, he said

nd force low-end manufacturers to move out more rapidly, it might increase the pres

sure on unemployment. So supporting domestic consumption and encouraging the development of the servi

ces sector, especially labor-intensive services, could help mitigate the pressure, he said.

shanghaidianbaobao.cn

Li Shuping, head of Feixiang district, in Handan city, Hebei

 province, said his district has been trying to address the issue of extravagance.

Li said they were trying to reverse the trend of residents comparing the hosting of w

edding ceremonies and funerals, which has resulted in jealousy and complaints.

The district has ordered all officials to take the lead in rejecting the trend, and residents in 265 village

s have signed letters of commitment against extravagance in hosting such events, he said.

The district has also released a standard on hosting such events to prevent comparison among villagers. It includes re

quiring the wedding ceremony be finished within a day and no fireworks, he said.

Through these efforts, expenditure on events has been significantly reduced, which has been welcomed by villagers, Li said.

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f rice and fertilizer futures, guiding more compan

anies and fund managers entering the market, and assisting in formulating the Futures Law.

“As prices of bulk commodities fluctuated frequently and shar

ply in recent years, the real economy has a huge demand for risk management,” Lu said, str

essing the importance of accelerating the development of the futures market amid uncertainties.

China stepped up efforts to open up the commodity futures mar

ket last year, making three futures contracts available to f

oreign investors so far, including crude oil, iron ore and purified ter

ephthalic acid (PTA), a raw material for making plastics.

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Market-oriented reform and opening-up will improve pr

roductivity in the service sector, which is an important thing that China is focusing on to stabilize economic growth,” Zhu said.

Chen Yulu, a vice-governor of the PBOC, also supported a “full-scale” opening of the financial sector. In the future, foreign invest

ors are welcome to conduct all forms of financial business in China, excepting those being named on a neg

ative list, and authorities are researching a new regulatory system, Chen said at the forum on Saturday.

Li Daokui, director of the Academic Center for Chinese Economic Practice and Thinking at Tsing

hua University, said China “should be more confident” in accelerating opening-up of its financial sec

tor, which will help global investors seize numerous opportunities in the Chinese market.

Domestic financial institutions are now capable of engaging in fiercer competition with global peers as their serv

ice abilities in many aspects, such as banking and insurance, have improved a lot over the past years, Li said.

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He said China firmly opposes this and hopes that the US w

Reportedly, the United States administration is considering extending its attacks on

Chinese companies by blacklisting China’s largest surveillance equipment manufacturer Hikvision.

If so, Hikvision — which has about 20 percent of the global market share and has been the

leading player in the industry for seven consecutive years — will become the fourth Chinese company Wa

shington has targeted after the telecommunications companies ZTE and Huawei, and drone maker DJI.

Unlike the previous three companies, which the US administrat

ion has justified the attacks on with the excuse 2019/05/22/shangjianxiachuicn-3/it is protecting national security, the premise for

setting its sights on Hikvision, which serves customers in more than 150 countries, including the US, is t

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es it a large exporter of manufactured goods to the US and

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.

shejio.org

The integrated development of the Yangtze River Delta re

gion must focus on the key elements of greater integration and high-quality developmen

t to lead the growth of the whole Yangtze River Economic Belt and East China, the statement said.

The meeting called for better awareness of integrated development and putting the region’s growt

h into the perspective of a unified strategy, as well as the development of a modern economic system.

It also required adequate coordination and implementation to ensure the effective implementation of various tasks in the plan.

The delta region, including Shanghai and Jiangsu, Zhejiang and Anhui provinces, is among the areas with the most robust econ

omic growth, the highest level of opening-up and the strongest capacities in innovation in China.

The total GDP of the delta region reached 21 trillion yuan ($3.06 trillion) in 2018, which

accounted for around one-fourth of the national total, according to Economic Daily.

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Some companies find niche markets in the industry by

producing specialized bicycles for health, sports and slow urban lifestyles.

Century-old bike-maker Shanghai Phoenix Enterprise (Group) Co Ltd and Tianjin Flying Pigeon Cycle Development Co are

transforming to produce sports and leisure bicycles based on the fast growth for these types of products.

The output of such bicycles priced above 1,000 yuan saw an 18.5 percent year-on-year increase to 8.43 millio

last year, up 10.5 percentage points over the previous year and accounting for about 11.5 percent of the total.

Other companies including Bike8, Onelap and Incolor continue to manufact

ure innovative bicycles by improving the intelligent and network connecting levels of their products

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Reflecting China’s increasing global footprint, the next

 decade is likely to be driven by greater global financial sector integration,” said Alfred Schip

ke, the International Monetary Fund’s senior resident representative for China.

Chinese students are increasingly diversifying their choices of destinations for overseas stud

ies, with more students choosing to go to the United Kingdom, Australia and Canada, a new report showed.

In a multiple choice survey for the annual Report on Chinese Students’ Overseas Study, released

on Tuesday, while the United States remains the most popular destination for overseas study this year, pref

erred by 43 percent of the respondents, this was down by 8 percentage points compared with 2015.

US dominance looks uncertain as the number of students inclined to study in the UK r

ose sharply in 2019, accounting for 41 percent, up 9 percentage points compared with 2015.

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