rcing to countries other than China under the tariff specter, the FDRA said there had been com
panies moving away, but “footwear is a very capital-intensive industry, with years of planning required to m
ake sourcing decisions, and companies cannot simply move factories to adjust to these changes”.
Douglas H. Paal, vice-president of the Asia Program at the Carnegie Endowme
nt for International Peace, said the footwear industry’s complaints are justifiable, albeit a little late.
“Since their issues do not involve critical technologies, the
re might be room for the administration to offer a degree of relief,” Paal told China Daily.
The app and database will help us gather more precise and well-rounded data on the population, distri
bution, ages, gender ratio, birth and deaths of wild pandas, who live in deep mountains and are hard to tr
ack,” said Chen Peng, a researcher with the base who co-authored a paper on “Giant Panda Face Recognition Using Small Database.”
“It will definitely help us improve efficiency and effectiveness in conservation and management of the animals,” Chen said.
China has carried out four scientific field research project of giant pandas in the wild.
The giant panda was scientifically discovered 150 years ago and n
amed in the city of Ya’an, Sichuan. It remains one of the world’s most endangered species.
The number of captive pandas was 548 globally as of November last y
ear. Fewer than 2,000 pandas live in the wild, mostly in the provinces of Sichuan and Shaanxi.
magazine of the Communist Party of China Central Committee. He said more efforts a
re needed to implement the proactive fiscal policy and boost efficiency this year.
Preventing and defusing local governments’ hidden debt risks is key to controlling major risks, he said.
Innovative financial tools will be introduced for debt swaps, and the indebted comp
anies will be allowed to choose the same way, under guidance from the local governments, Liu Shangxi, hea
d of the Chinese Academy of Fiscal Sciences, the Ministry of Finance’s think tank, told China Daily.
“The total amount of hidden debt waiting to be swapped has not yet been calculated, as this
round of debt swaps will not involve the government’s administrative orders, but depends on the ma
rket’s appetite based on the evaluation of the potential default risks and the companies’ solvency,” he said.
inds of market-driven reforms needed to make this happen. The Chinese government is investing heavily in resear
ch and development, but it should be noted that the R&D spending as a percentage of GDP is still lower than that of the US.
Nobody likes competition against themselves. So, it must be admitted that China’s transition to a high-tech, high-
value-added economy will come as a shock to many companies around the world. The US economy, which has about 7
percent of GDP in high-tech manufacturing, will be lightly affected by this change.
On the other hand, advanced manufacturing contributes around 20 percent of GDP in Sout
h Korea, Japan, Germany and a few smaller European countries. They will be much more directly affected.
growth targets, based on excessively low estimates of potential growth, lead to lower actual growth. Fo
r an economy the size of China’s, a difference of even 1 percentage point has a huge impact on welfare.
Many economists would counter that a conservative growth target is useful－or even necessary－to create space for struct
ural adjustment. But this claim is unconvincing. Reducing China’s excessive reliance on investment in real es
tate－one of the economy’s most serious structural problems－does not necessarily require a reduction in FAI gro
wth, let alone GDP growth. Nor is slower GDP growth a prerequisite for improving financial stability.
China must pursue as high a growth rate as possible
In my view, because no one is sure what exactly China’s potential growth rate is, the best strategy is to try to achieve as high a g
rowth rate as possible, so long as it doesn’t worsen inflation and hinder structural adjustment.
way to more than a decade of export-led double-digit economic grow
th, and the ongoing shift from export-led quantitative economic growth to inno
vation-led qualitative development, which has accelerated under President Xi Jinping’s leadership.
China’s industrialization peaked between the late 1990s and 2008, when the
global financial crisis broke out. Now China’s rate of growth is decelerating, which has been
the norm for all industrialized countries from Great Britain in the 19th century to the US in the 20th century.
In China, deceleration is a sign that rebalancing toward consumption and innovation by 2030 is on track.
Nevertheless, the living standard in China continues to improve st
eadily. Today, it is about a third relative to the US. In other words, it has multiplied six tim
es relative to US living standard, thus supporting the rise of the world’s largest emerging middle-income group.
cult to legally protect in the past, causing “huge trouble for American tech
nology companies in protecting core and critical technologies” that they could not patent.
The latest amendments to the Anti-Unfair Competition Law, which unde
rwent a substantial revision in 2017, have emphasized protecting trade secrets.
He said in that in January, China’s Supreme People’s Cour
t set up an IPR court to handle complex appeals on patent litigation.
Chan said “all these measures” have led to progress for 59 percent of t
he US companies operating in China in protecting trademarks and brands in the pa
st five years, according to the American Chamber of Commerce in China.
ton-based Institute for China-American Studies, specifically praised the new Foreign Investm
ent Law－passed in March by China’s national legislature and effective in 2020－which he said is “a far
sighted piece of legislation” that “will firmly usher in a new round of reform and opening-up”.
“Strong measures to deal with political, regulatory and administrative noncompliance are envisaged. A robust wor
king mechanism to promptly address foreign businesses’ complaints is also envisaged,” said Gupta, who believes the p
rovisions are a big step in assuring foreign businesses that the playing field is leveled in China.
“It is the predictability, transparency and nondiscrimination bent of the law which, in my view, will lead to a significant inw
ard flow of foreign capital in key services and advanced manufacturing sectors,” he said.
and will not allow any forces to use its territory to conduct any anti-China activities.
The two leaders witnessed the signing of bilateral cooperation documents after the meeting.
hinese tech giant Huawei reported a 149 percent rise in research and development spendin
g from 2014 to 2018, faster than its counterparts Apple and Samsung, according to a Bloomberg report released last Friday.
The company’s R&D expenditure increase was just behind Amazon, which rose 210 percent during the 5-year period.
China is now Nepal’s biggest source of foreign investment
, second-largest trade partner and second-largest source of foreign tourists.
Ahead of the First Belt and Road Forum for International Coopera
tion, China and Nepal signed a memorandum on Belt and Road cooperation in May 2017.
China, but it belongs to the world. China has put forward the idea of boosting global development vi