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.

www.leyishengpx.cn

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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In the 1980s, the share of the US in the world econ

omy was more than 20 percent; in the past four decades, it has steadily

declined to 15 percent. At the same time, China’s share (in purchasing powe

r parity terms) has soared from 5 percent to about 20 percent. While the PPP indicators inflate the

pace of progress, the trend lines do herald a coming structural shift in the world economy.

China can foster the share of developing nations

In the future, the well-being of the advanced economies will de

pend on the rising living standards in less-wealthy nati

ons. And just as US leadership supported the role of the advanced countries in the 20th century world, Ch

ina has the potential to foster the share of emerging and developing countries in the 21st century.

In particular, the China-proposed Belt and Road Initiative can redirect domestic overcapacity and ca

pital for regional infrastructure development to improve trade and relations with Southeast and So

uth Asia, Central Asia, the Middle East and Europe-even across the Americas and Sub-Saharan Africa.

zaddw.cn

McGuinness identified a great number of opportuni

ties brought by the BRI, which by some estimates could be worth 1.8 billion pounds ($2.33 billion) annually to the British economy.

As a financial hub for international infrastructure investmen

t, British firms and international companies based in the UK stand ready to provide many of the ser

vices required along the Belt and Road, especially as it becomes more of a shared venture, she said.

They can also provide private financing required by the project and support thro

ugh green finance, consultancy, rule of law and foreign exchange, McGuinness added.

Seventy years after the founding of the People’s Republic of China, ties between China and UK h

ave gone from strength to strength, with bilateral trade now worth nearly 70 billion pounds, McGuinness said.

“I look forward to celebrating this long, fruitful relationship with our Chinese counterp

arts, and to marking the next chapter of our partnership in the Belt and Road,” she added.

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For example, technologies like artificial intelligence

have improved the company’s stocking and inventory processes.

“Earlier we were reliant on the intuitions and experience of the local operation team. With the

use of technology like AI and big data, we are getting more accurate answers.”

As a larger and older retailer, Walmart has constantly worked with startups, said McMillon, citing the new Omega 8 platf

orm that enables retail innovation startups to collaborate with Walmart China to create better services for customers.

McMillon cited the example of a scanning ring developed by a starup for

Walmart that shortens pickup time for JD Daojia orders to less than 10 minutes and impr

ovements in the overall efficiency by 50 percent. Walmart’s WeChat mini-program has over 30 million members and is

developing an e-commerce service based on WeChat to help customers shop more easily and more accurately.

njLongrun.cn

The Chinese economy’s staggering aggregate and grow

wing contributions to global growth tend to mask its extremely unbala

nced development and widening gaps between the rich and the poor. That’s why before determin

ing whether a country is developed or not-and to present a comprehensive picture of its economy-the entire

gamut of the country’s economic data, including its aggregate and per capita GDP, should be taken into consideration.

The WTO treats developing and developed countries differently because some developing and least-developed countries

were deprived of their development rights and thus their chances to develop in the past because of colon

ialism and militarism. The WTO provides special treatment for some countries to ensure all economies get the chance

to develop without the fear of being squashed by the developed countries and their discriminative policies.

That China and the European Union, two staunch supporters of multilateralism and free tr

ade, reaffirmed their commitment at the China-EU Summit in Brussels on Tuesd

ay to cooperate on WTO reform, in order to ensure its continued relevance and allow it to meet the global trade c

hallenges is encouraging. The consensus reached between the two sides will help carry the WTO reform forward.

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He said that based on the research of national legislator

China produces more than 80 million tons of hazardous waste per year, instead of the official figure of 40 million tons.

Therefore, the total capacity for hazardous waste treatment in the country is insufficient, according to Wang.

The utilization rate of the capacity for hazardous waste dispo

sal also remains low. According to data that the Ministry of Ecology a

nd Environment provided to the NPC Standing Committee in 2017, only about 25 percent of China’s capacity was

in full operation and data from other sources also shows low utilization rates, Wang said.

“Some enterprises have failed to build sound systems for hazardous waste manageme

nt as required, or failed to implement them,” Wang said, adding that some companies had turned a blind eye to loo

pholes in the production process that could result in hazardous waste leakage.

In one case, Baoxun Precision Screws Co Ltd in Zhejiang province was found to have dumped about 1,072 tons of hazardou

s sludge into the Yangtze River in Anhui and Jiangsu provinces from July 2016 to May 2017.

xiaovfuli.cn

My party refuses to compromise, I regret therefore

 I can no longer sit for the party,” an emotional Conservative MP Nick Boles said in the par

liament chamber shortly after the announcement of the vote results to quit the party.

“I accept that I have failed,” he added.

British cabinet ministers were once again reportedly instructed to

boycott the votes as MPs make a second attempt to coalesce around an alternative deal.

May had suggested she would “engage constructively” with the indicative votes process.

May’s plan that she negotiated with the EU has been rejected twice by historic margins in Parliament.

The withdrawal agreement section of her deal was voted down again by MPs on Friday.

Mrs May now has until 12 April to either seek a longer exten

sion from the EU to take a different course or decide to leave the EU without a deal.

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