ge’s UK Independence Party won with 26.8 percent, followed by Labour on 24.7 percent and the Conse
rvatives on 23.3 percent. The Greens won 7.7 percent in 2014 and the Liberal Democrats 6.7 percent. Turnout was 35.6 percent.
Greater access to China’s financial sector will encourage global investors and dispel the gloom clouding the g
lobal economy amid Beijing’s trade tensions with Washington, according to senior officials and economists.
Chinese financial regulators are preparing a comprehensive opening-up, with more new measures in the pipeline. Foreig
n institutions with advanced performance in risk management, credit rating, consumer finance, endowments and
health insurance are especially welcome, senior officials stressed over the weekend.
The opening measures will offset part of the negative impacts of trade friction on economic re
covery, and enable China to reach its GDP growth target of above 6 percent this year, they said.
government on Tuesday to consider the costs it would bear through raising tariffs.
He reiterated that China will never capitulate under any external pressure and hopes the US meets China halfway.
The US has no need to “worry about” China’s affairs, Geng said at a daily news conference. The country has made progress i
improving its foreign investment environment and has become a popular investment destination, he sa
id, citing the expansion of US-based Exxon Mobil Corp and Tesla Inc in the market last year.
Geng stressed that China welcomes foreign companies to increase investment in the market and will co
ntinue to establish a more stable, fair, transparent and predictable investment and business environment.
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.
tain a breakneck pace of economic development, which has brought booming economic prosperity.
Unfortunately, it has also brought a deteriorating environment. Seeing heavy smog, for ex
ample, many people feel that a worsening environment will destroy the happiness brought by economic growth.
Since 2012, the new leadership under President Xi Jinping has put forward a series of ecol
ogical ideas. On Sunday, Xi said at the opening ceremony of the exhibition that “green mountains and cle
ar waters are indeed mountains of gold and silver, and environmental improvement means great productivity”.
This idea, dubbed the theory of two mountains, enjoys immense popular support in China.
Xi, who is also general secretary of the Central Committee of the Communist Party o
f China, urged officials at all levels never to sacrifice the environment for economic growth.
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.