The US’ trade deficit stems from its extremely low natio

nal savings rate and has to be compensated by other countries’ national savings, which in tu rn adds to the trade deficit. On the other hand, China’s efficiency in the manufacturing industry makes it a lar ge exporter of manufactured goods to the US and helps it sustain its high savings rate. A high growth … Read moreThe US’ trade deficit stems from its extremely low natio

hina promises to counter US tariffsay urged tes to c

China’s Ministry of Commerce on Thursday urged the United States to correct its use of tariffs, and vo wed to take necessary countermeasures if the US’ new tariff plan targeting $300 billion in Chinese imports takes effect. The US government’s bullying behavior and maximum pressure regime on China violate mu ltilateral trade rules, ministry spokesman … Read morehina promises to counter US tariffsay urged tes to c

He said those who are interested in doing business with

Chinese partners in countries involved the Belt and Road Initiative should work together to create a n ecosystem of a “one-stop shop”, providing diversified services to share in China’s prosperity along the Belt and Road. President Xi Jinping asked countries to create conditions for other civilizations to develop while keep ing their own vibrant. His … Read moreHe said those who are interested in doing business with

Move shows Beijing’s resolve to safeguard its interests

China said late on Monday that it will increase tariffs on the bulk o $60 billion of US imports to three categories of rates between 10 percent and 25 percent. For the rest of the US imports, the duty rate remains at 5 percent, acc ording to a statement released by the Customs Tariff Commission … Read moreMove shows Beijing’s resolve to safeguard its interests

Reducing poverty must begin with reducing ignorance. Ther

refore, giving rural children a good education is an important task in poverty relief, and also a crucial means to stop poverty from being passed on between generations,” he said. “The poor regions are the bottleneck in building a moderately prosperous society by 2020,” Xi wrote. While talking with students and teachers at a primary … Read moreReducing poverty must begin with reducing ignorance. Ther

countries work to tackle disastersrs ago during which the s

Scientists from China and other countries involved in the Belt and Road Initiative will work together to enhance scientific and technological coop eration in disaster prevention and mitigation, according to a joint declaration. The collaboration aims to make areas along the initiative safer, more sustainable a nd disaster-proof, according to the declaration published during the … Read morecountries work to tackle disastersrs ago during which the s

hina deeply disappointed by US tariff planpointm

hina voiced deep disappointment late on Wednesday about Washington’s plan to raise tariffs on Chinese imports on Fr iday, saying that it will take necessary counter-measures if the US tariffs increase takes effect. The planned tariffs increase on $200 billion worth of Chinese imports from 10 percent to 25 percent was filed by the Office … Read morehina deeply disappointed by US tariff planpointm

The budgetary restrictions over government investm

ent funds will be further tightened, and government-funded programs m ust not be constructed with capital advances from contractors, the regulation said. The regulation, to take effect in July, came after heightened efforts by the central government to rein in debts raise d by local authorities, which are estimated to have reached 18.4 trillion yuan … Read moreThe budgetary restrictions over government investm

Valid reports showing rabies antibody test results b

authorized laboratories are needed for pet dogs or cats ent ering China from countries or regions that are not on the approved list. As of April 19, the administration had authorized 62 laboratories in 37 countries to conduct the antibody tests.C ongressional Democrats stepped up pressure on President Donald Trump’s administration on Thursday as US … Read moreValid reports showing rabies antibody test results b

Sino-US talks on trade seen as productiveets with US Trade

Negotiators from two sides aim to meet next week in Washington to continue Vice-Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin met in Beijing from Tuesday to Wednesday for the 10th round of trade talks between China and the United States. The two sides are working on putting bilateral trade … Read moreSino-US talks on trade seen as productiveets with US Trade