The root cause for the repeated twists and turns in the China-US trade talks lies, to a grea
t extent, in the United States’ serious deviation from, and disdain for, the objective laws of econ
omics. The fact that China will never accept its unreasonable demands further complicates the matters for the US.
The US administration’s often competing and clashing objectives－though m
any of them are understandable－cannot be realized simultaneously. For instance, the U
S hopes to revive its industries and boost its real economy while maintaining the huge bubble in its financial market.
A dream called sustainable reindustrialization
Yet the US expends huge amounts of its resources just to maintain its mo
netary hegemony and thus ensure its financial sector offers higher pay and return on inv
estment compared with the real economy sectors, which helps it to maintain its advantage in
A shares, in the final step as part of the November 2019 Semi-Annual Index Review, according to the report.
About 109 companies will be added and three removed from the MSCI China A Onshore Index, whic
h will take place as of the close of May 28, and the three largest additions to this index would be the
Wens Foodstuff Group A, Contemporary A and Shenzhen Mindray A, the MSCI said.
In addition, the MSCI China A Onshore Small Cap Index will see 503 stocks added and 49 cut, with most of the new addi
tions coming from newly eligible ChiNext stocks, according to an official statement of MSCI.
MSCI also updated the list of China A Mid Cap securities that may potentially be adde
d to the MSCI China and the MSCI Emerging Markets Indexes as part of the third step of th
ct “regular sales” of “defense articles” to Taiwan and back its participation in international organizations.
“We urge the US side to keep its promise, abide by the one-China policy a
nd the three joint communiques, and block the bill’s progress,” Geng said.
He urged the US to “appropriately handle the Taiwan question to avoid serious da
mage to Sino-US cooperation in key areas, and the peace and security of the region”.
Experts said the bill will further damage Sino-US relations, and the confr
ontational approach taken by the US against China will damage regional peace and security.
Yuan Zheng, director of US foreign relations research at the Institute of American Studies under the Chinese Academy of
Social Sciences, said the recent passage of US naval vessels through the Taiwan Straits, arms sales and
political support to Taiwan are meant to help Taiwan separatists and pressure Beijing.
rcrowding and rampant construction plaguing cities, and the development of cities will also offer unique ways to bring about rural revitalization,” Chen said.
“As restrictions on hukou will gradually be removed, cities need to be well-prepared to offer
accommodation and employment opportunities, and allow children of migrant workers to have equal access to education,” Chen added.
China has made steady progress in urbanization, as the ranks of permanent urban r
esidents stood at 831 million at the end of 2018, up 17.9 million from the previous year, said the National Bureau of Statistics.
Last month, the National Development and Reform Commission said it
plans to increase the urbanization rate by at least 1 percentage point by the end of this year.
Shen Chi, vice-director of the China Center for Urban Development, said the government’s new
plan will help foster high-quality and sustainable economic development across the nation.
“Relaxing the hukou policy will be a key step in promoting the free flow of labor across
the nation,” Shen said. “A systematic consideration and arrangement of the integratio
A team of 16 federal investigators was traveling to Jacksonville, Florid
a on Saturday after a Boeing jetliner with 143 people on board slid off a runway into a sha
llow river while trying to land at a military base during a thunderstorm, injuring 21 people.
The Boeing 737-800 chartered by the US military was arriving from Na
val Station Guantanamo Bay in Cuba with 136 passengers and seven crew members when it slid
into the St. Johns river at the end of the runway at Naval Air Station Jacksonville, authorities said.
No one was badly hurt and the 21 people taken to a hospital w
ere listed in good condition, the local sheriff’s office said.
The National Transportation Safety Board said on Twitter th
at 16 investigators were arriving in Jacksonville on Saturday.
ch and field development resources to expand in the Chinese market over the coming years, he said.
Ministry of Commerce spokesman Gao Feng said last month that the two countries’ negotiating teams are hashing out the text of a deal, including an enforcem
ent mechanism, based on mutual respect and benefit. Both countries, the world’s two biggest ec
onomies, have been intensifying their consultations and aiming to break the deadlock in a timely manner.
In the ninth round of trade consultations, negotiators discussed tec
hnology transfers, protection of intellectual property rights, non-tariff measures, the s
ervice sector, agriculture, trade imbalances and enforcement mechanisms.
Trade between China and the US amounted to 815.86 billion yuan ($121.7 billion) in t
he first quarter of the year, an 11 percent year-on-year decline, according to the General Administration of Cus
toms. In March, Sino-US trade climbed 0.1 percent to 291.35 billion yuan, according to the administration.
l make positive contributions in implementing the 2030 Agenda for Sustainable Development of the United Nations.
The leaders also pledged to pursue trade and investment liberalization
and facilitation, reject protectionism and unilateralism and uphold the rule-based mul
tilateral system with the World Trade Organization at the center, according to the communique.
Xi told reporters that the consensus reached by the leaders has set the right course for the development of the BRI.
Our shared goal is that we work together to make the interconnectivity among various countries more efficient, foster mo
re robust economic growth, develop even closer international cooperation and enable people to live a better life, he said.
Xi also said BRI cooperation projects will be market-based. To ensure s
ustainable development, the leaders agreed to promote a level playing field for business com
munities and create a nondiscriminatory business environment, he said.
Figures show faster Q1 development, signaling a healthy start for industries
Most provinces in China achieved faster-than-expected growth in the first quarter of 2019, reflect
ing the resilience of the country’s sprawling industrial economy, the country’s top industry regulator said on Tuesday.
Huang Libin, a spokesman for the Ministry of Industry and Information Technology, said at a news conference that 22 p
rovinces’ industrial growth rates from January to March were higher than their targets for the whole year and driven
partly by central and local governments’ favorable policies to accelerate supply-side reform.
Industrial output in Zhejiang province grew 8.9 percent year-on-yea
r in the first quarter, compared with the 7.3 percent it recorded for all of 2018 and faster
than its 2019 target, Huang said, without specifying the province’s growth goal.
“We are in the critical stage of industrial upgrading and seeking high-quality development. The upb
eat readings will continue boosting market expectations and confidence,” he added.
ting the spirit of December’s Central Economic Work Conference.
Macro policies should be stable, micro policies should be flexible and social policies should guarantee the basic needs of the grassroots
people, the statement said. Macro policies should focus on promoting high-quality growth and stimulating market vitality.
The importance of manufacturing’s high-quality development in stabilizing economic growt
h was stressed. Traditional industries should be guided to upgrade, and new industries should grow stronger.
The development of small and medium-sized companies and private businesses should be supported through measures like s
peeding up the supply-side structural reform of finance and providing better loan services, the stat
ement said. It also reaffirmed that houses should be used for living rather than for profit.
Reform should be further deepened and opening-up boosted, and forei
gn capital should have bigger access to the Chinese market. Poverty reduction is a key meas
ure of building a moderately prosperous society in all respects, which must be achieved by the end of next y
past couple of years, and the country also constructed one of the biggest seaports in the Caspian Sea,” Hajiyev said, addi