Premier Li Keq上海千花坊女神会所iang pledged on Thursday that China will continue to b
roaden market access in a wider range of fields while expanding opening-up.
Li made the remark while meeting with 19 global business leaders from leading compan
ies gathered in Beijing for the seventh roundtable summit of the Global CEO Council.
China welcomes more foreign capital, Li said, and the country will
strive to build a market-oriented, law-based and internationalized business environment.
In the context of rising uncertainty and instability in the international situation, Li said, transnational compa
nies should work together to help stabilize and push for the growth of global trade and the eco
nomy, improve global industrial chains and safeguard peace around the world.
A centenarian recently enjoyed her 103rd birthday party with her children, grandchildr
en, great grandchildren and great-great grandchildren in Handan, North China’s Hebei province.
Li Xiuzhi, born in 1916, lives in the village of Nanhan in Guangping county, and has a family of 168 across five generations.
Her oldest daughter is 80 years old, while her youngest great-great-grandson is only nine months old.
She celebrated her birthday with her family and fellow villagers on
Friday. They first celebrated her birthday together when she was 80 years old.
gious Luxun and Maodun literature prizes, including Ge Fei, A Lai and Su Tong, together
with a group of renowned Shanxi writers and poets gathered that week to discuss literary depictions of the countryside.
The village has a literary tradition which dates back to the mid-20th century, when a new Chin
ese modern literary genre shanyaodan, a nickname for a potato that’s popular in North China, emerged.
Authors who follow the shanyaodan school of writing such as Zhao Shuli, Ma Feng and Xi
Rong were all living in the Shanxi countryside, where their work centered around rural life there.
Many of Ma’s works in particular were written in Jiajiazhuang, where he witnessed the changes to the village broug
ht about by the agricultural cooperatives during the 1950s after moving to work in Fenyang.
gton DC, a lot of the farm community is being hurt,” said Bob H
olden, former Missouri governor who co-founded the United States Heartland China Association.
“I think the manufacturing industry feels the same thing is occurring,” he added.
Holden is positive about the future of the relationship. “Honestly, both countries need each other,” he said.
“We need to be able to sell products in China. The Chinese population is wanting the goods that we can p
roduce here. China also gives us a workforce in some of our industries, which makes them com
petitive globally,” said Holden, who opened Missouri’s first trade office in China during his term from 2001 to 2005.
Astana consensus” on “not allowing differences to become disputes”, their “strategic guidanc
e” to their armed forces have ensured peace on their borders. This has prompted bilateral tra
de to finally cross its decade-long volume of $70-75 billion. For this year, China-India trade is set to cross $100 billion.
Likewise, China’s investments in India have witnessed a sharp upsur
ge from $688 million in 2016 to $5.6 billion last year. The United States’ decision to raise tariffs
on Chinese, as well as Indian, products is expected n Sino-Indian trade and invest
ment partnership. Critics may describe this as China’s tactical move triggered by its intensifying trade dispute w
ith the US. Yet there is no denying that the past two years have seen a marked shift in China-India relations.
tmosphere in the city during the Duanwu Festival, said the official. But the decision has been t
aken for good reasons. It’s all about the children, an investment in the future, the official said.
More than 10 million students across the country will sit for the gaokao this year.
he much-anticipated debate between a Chinese anchorwoman and an A
merican counterpart on a prime-time TV show Wednesday night turned out to be more like
a Q&A session, with the host and her guest disputing everything from tariffs to China’s developing nation status.
But Trish Regan, host of Trish Regan Primetime on the Fox Business N
etwork, and Liu Xin, who anchors The Point on China Global Television Network, or CGT
N, seemed to agree that something must be done to break the impasse between China and the US, which are em
broiled in a protracted trade dispute with the Trump administration escalating tariffs and Beijing retaliating.
et forces, and China has never taken any measures to deliberately devalue the currency to make its exports more at
tractive, said Guo, who is also head of the China Banking and Insurance Regulatory Commission.
According to Guo, the short-term fluctuation of the RMB exchan
ge rate was normal, and the depreciation will not last long given the stable economic growth base.
“Any speculative activities to short the RMB will suffer huge losses,” he warned.
The RMB’s daily trading reference, or the central parity for onshore trading, has been stabilized arou
nd 6.89 per dollar for eight days from May 20, and market watchers said market-oriented depreciation pressure was losing steam.
Yi Gang, the central bank governor, has said several times that the PBOC has ceased
direct intervention in foreign exchange markets, and the performance of RMB is address
d to bear the brunt of the tariff hike, because the tariffs will raise t
he prices of consumer goods. Besides, the higher tariffs will deal a blow to many US industries.
China’s countermeasure will have intended effect
The results of a quantitative simulation analysis show China’s counterm
easure of imposing tariffs on $60 billion of US goo
ds will have the intended effect, as the US’ losses are set to mount. According to the simulation analysis, China’s GDP, man
ufacturing jobs, exports and imports could reduce by 0.622 percent, 1.046 percent, 3.402 percent and 1.945 percent, w
hile that of the US could dip by 0.067 percent, 0.907 percent, 2.611 percent and 3.936 percent.
recent and future tariffs will cut about 0.3 percent of global GDP in the short ter
m, with half stemming from negative effects on business and market confidence.
Failure to resolve the trade differences and further escalation in other areas, such as the auto
industry, which would cover several countries, “could further dent business and financial market se
ntiment, negatively impact emerging market bond spreads and currencies, and slow investment and trade“, the research said.
Experts urged the US government to stop its protectionism and proposed options for a resolution between the two countries.
Chen Wenling, chief economist of the China Center for International Economic Exchanges, said the US needs to correct moves that have
already added pressure to global economic prospects. Otherwise, it will “pay the price” for its protectionist behavior, she said.
uppliers worldwide. In November, it unveiled a list of its 92 core suppliers for the first ti