traded and they can redirect trade toward one country, away
from others. They cannot directly affect any country’s worldwide current account balance. A count
ry that saves less than it invests will have to borrow foreign funds to import foreign goods to make up that difference.
There are two ways to reduce the US trade deficit. A serious recession would reduce investme
nt, but nobody advocates that as a strategy. The only other path is to change the US financial and gove
rnment system to encourage increased savings. China has almost nothing to do with it.
Ironically, the disputes between the US and China center around both nations’ legitimate desires to
protect some current low-skilled jobs, or at least to allow an easier transition to new jobs and industries.
US administration’s economic policy has rightly focused on the need to
retain jobs for working-class people in the US. And, China’s companies that export to the U
and external shocks from the long-term trend and to conclude that China’s potential growth rate really is 6-6.5 percent.
Many Chinese economists cite long-term supply-side structural factors－such as demographic agi
ng, environmental degradation, and a lack of progress on reform－to argue that China has simply en
tered a new stage of development, characterized by significantly lower potential growth rates.
Structural factors don’t explain falling growth rate
While this may be true－everyone in China agrees that 9-10 perce
nt annual growth rates are a thing of the past－there is no clear indication of how much Chin
a’s growth potential has actually declined. Long-term supply-side structural factors do not explain, for exam
ple, why the growth rate fell from 12.1 percent in the first quarter of 2010 to 7.4 percent in the third quarter of 2013.
study of Chinese history and religious traditions in college. Horne began studying Ch
inese in fourth grade, and it’s “both a personal journey and an intellectual journey”, he said.
“That diversity — another way to see the world, another way to look at things — has brought so much into my life,” Horne said.
Charlotte Christensen, vice-president of the Oregon China Council, has worked for years with Chinese people and organizations.
Christensen, who took second prize, also witnessed friendships going
beyond the personal level. The state of Oregon developed a sister-state/province rela
tionship with Fujian province 35 years ago and a state/municipality relationship with Tianjin in 2014.
“China raised 800 million of her people from poverty and made it a p
riority to restore her natural environment to become an ecological civilization,” she said.
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.
ber 2017 for graduate students. Many instructors at the school are working on AI-related res
earch so there will be no problem finding capable teachers for the new students, Lin said.
China’s booming AI industry has resulted in a growing demand for tal
ent. It is common for students in AI-related fields to have
already committed to companies before they even graduate and enter the job market, he said.
Master’s graduates majoring in AI can easily find jobs with salaries over 300,000 y
uan ($44,700) per year, and salaries for doctoral graduates are even higher, he said.
Chinese universities are catching up with their counterparts in the United
States in terms of basic research in AI and the numbe
r of published papers, yet they still lag behind in transforming research into application, he added.
European Union leaders gave Theresa May a new Brexit deadline of Oct 31, four months longer than the p
rime minister asked for, in a move the EU summit chair said would let Britain resolve its domestic deadlock on the issue.
“EU27/UK have agreed a flexible extension until 31 October,” European Council Pres
ident Donald Tusk tweeted after eight hours of talks that went into the early hours of Thursday.
“This means (an) additional six months for the UK to find the best
possible solution,” Tusk added on the eve of what would otherwise have been the day Britain
crashed out of the bloc with no deal to smooth the departure for businesses and citizens.
Britain, he stressed, could still leave earlier if May secures parlia
mentary backing for her Brexit treaty, or it could amend what it wants from a future trade pact. “Until t
he end of this period, the UK will also have the possibility to… cancel Brexit altogether,” Tusk added.
The agreement gives May more than the three months to June 30 that she asked for to bui
ld a parliamentary majority behind the withdrawal treaty she negotiated with the EU last year.
move 100 million rural residents, mostly migrant workers, to cities by 2020.
Under the plan, cities with a population under 3 million should remove all limits on hukou — hous
ehold registration — and cities with populations between 3 million and 5 million should relax restrictio
ns on new migrants. Having hukou in a city generally confers more social benefits on residents.
Megacities including Beijing and Shanghai should improve the points system to qu
alify for household registration, allowing more people to settle in those cities.
“In the future, the main driving force of China’s urbanization will be conferring the benefits of urban
citizenship on rural migrant workers,” said Xu Lin, former director of the NDRC’s development plan
ning department. “In this process, it is key to offering new migrants treatment equal to that of city residents.”
China has made steady progress in urbanization, as permanent urban residents amounted
to 831 million at the end of 2018, up by 17.9 million from the previous year, according to the National Bureau of Statistics.
rm has been in operation since Feb 4, 2018.
It is the first Pacific Hydro wind farm in Chile and the first wind farm invested in by China in the South American country.
The $150 million project, financed and constructed by China State Power Investment Corpo
ration, has an installed capacity of 82 MW and will generate about 282 GWh/year, which can meet electri
city demands for 130,000 households and reduce carbon emissions by 157,000 tons per year.
Located in Russia’s Yamal Peninsula in the Arctic, the Yamal liquefied natural gas project reached f
ull production capacity with its three production lines, each of which has a capacity of 5.5 milli
on tons per year, with operations starting in December 2017, August 2018 and December 2018, successively.
The project is the world’s largest of its kind within the Arctic Circle and is also the first m
ega- energy cooperation project implemented in Russia after the Belt and Road Initiative was proposed.
It is owned by Russia’s Novatek (50.1 percent), France’s Total (20 percent), China N
ational Petroleum Corporation (20 percent) and China’s Silk Road Fund (9.9 percent).
learly what it feels like to be a patient in need of transplant surgery and eagerly waiting for an
organ, since such organs are scarce,” he said. “I want to do the same to save others.”
With the number of registered organ donors increasing rapidly in China, it is expected that more patients with terminal illn
ess in need of organ transplants will be fortunate, like Zhao, and not have to wait very long.
By the end of February, the number of registered organ donors in China exceeded 1.05 mill
ion, compared with 1,087 in 2010, the year China began to pilot organ donations, according to the Chin
a Organ Donation Administrative Center. More than 64,000 organs have been donated since then, the center added.
The turning point came in 2015, when China banned the use of organs harvested from executed prisoners, which
made voluntary donations the only legitimate source of organs. Since then, the number of organ donations and the num
ber of organ donors have continued to increase rapidly, according to data from health authorities.
globally — not for China only, Asian Infrastructure Investment Bank President Jin Liqun said on Wednesday.