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
sing monitor report on flooding in Iran via Fengyun. The analysis estimated the coverage and
terrain characteristics of the flooded area, which greatly assisted the country’s evacuation efforts.
China has launched 17 Fengyun series meteorological satellites, of which seven are currently operational.
The World Meteorological Organization has included China’s Fengyun se
ries of meteorological satellites as a major element of its global Earth observation system.
ountries should work together for a better future in today’s world that is globaliz
ed and multipolar, Javier Solana, former secretary-general of NATO, said in an interview with China Daily.
Solana hailed the development of relations between China and the Europea
n Union, saying they could work together to uphold the existing international system.
“I think cooperation between China and the European Union is very impor
tant. And fortunately, that relationship now is in a good direction,” said Solana, who se
rved as the EU’s high representative for common foreign and security policy between 1999 and 2009.
He expected China to play a bigger role in the upcoming Group of 20 summit in Osa
ka, Japan, saying that leaders of major powers should sit down and have productive talks.
He hailed the Belt and Road Initiative, and said it is a good platform for international cooperation.
championships,” said Guan, also President of the Chinese Taekwondo Federation. “This is the first time I have seen such kind of thing.”
Zheng, who had beaten Walkden three times in a row, took a dominant lead of 20-10 in the closin
g stages of the women’s over 73km category final, but the referee disqualified Zheng alleging she had committed 10 fouls during the bout.
Wakden then secured her third successive world taekwondo title by the referee’s punitive declaration.
“Our athlete has worked very hard for this gold medal and it was taken away so easily by the referee. This is very dirty.”
Guan said that the Chinese team will launch an appeal to the World Taekw
ondo, the sport’s world governing body, and the International Olympic Committee (IOC).
“We will definitely appeal to the decision,” he said. “And this refe
ree’s qualification should be stripped of. This scandal is a serious damage to our sport.”
to sell chips to ZTE, a Chinese multinational telecommunications equipment and
systems company, even after imposing huge fines on the company. By so doing, the US has act
ually encouraged China to increase investment in its high-tech sector. So, even if China and the US were to strike a de
al, China would be prompted to import lower volumes of energy and agricultural products from the US.
In macroeconomic terms, the China-US trade dispute has added h
uge uncertainties to the US economy and raised the likelihood of recession. Which cou
ld thwart the US president’s chances of being re-elected in 2020. And the trade dispute c
ould prevent the US from taking the measures it intends to in order to consolidate its national power.
nment debt management and stable economic growth, especially at a time when trade te
nsions with the United States have imposed more downward pressure, said economists.
More financial resources and investors will be involved in the debt resolution process, said Qiao Baoyun, head of the Acad
emy of Public Finance and Public Policy at the Central University of Finance and Economics.
The last round of local government debt swaps started in 2015 and ended in August 2018, w
hich saw 14.34 trillion yuan ($2.08 trillion) of local government debt being swapped into bonds.
Local governments are set to face more debt burden in the next three ye
ars, as many of the previously issued bonds are set to expire, income from land sales has
World-renowned architect Ieoh Ming Pei, commonly known as I.M. Pei,
has died at the age of 102 at his home in Manhattan, according to multiple reports on Thursday.
Praised as “one of the most revered architects in the world” by The New York Times, Pei has le
ft the world many of its most well-known architectural designs, among many other intangible heritages.
Pei’s modern designs and high-profile projects led him to be considered one of the most high-prof
ile architects of the 20th century, with the renovation of Paris’ Louvre Museum perhaps the most famo
us project he embarked on. He was also involved in the building of the Rock and Roll Hall of Fame in Cleveland.
What Pei valued most in architecture, as he put it, was that it must “stand th
e test of time”. He also valued simplicity: “The simpler the solution, the more powerful it is,” he once said.
Using the database, researchers are able to carry out automatic facial recognition on panda faces to tell one animal from another, the center said.
Panda researchers hope algorithms and AI technology will help them analyze data on pandas both in captivity and the wild.
The app and database will help us gather more precise and well-rounded data on the population, distributi
on, ages, gender ratio, birth and deaths of wild pandas, who live in deep mountains and are hard to track,” said Chen Peng, a researcher w
ith 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 named in the city of Ya’an, Sichuan. It remains one of the world’s most endangered species.
as added huge uncertainties to the US economy and raised the likelihood of recession. Which could
thwart the US president’s chances of being re-elected in 2020. And the trade dispute could pre
vent the US from taking the measures it intends to in order to consolidate its national power.
As for China, the significant deviation in the US’ stances and objectives
in the trade talks should be a warning for it to more strictly stick to its principles. And the
fact that the US wants to challenge the laws of economics should not be reason for China to try to do the same.
China may grant official 5G licenses, instead of the interim licenses previously planned, to tel
ecom carriers this year and is likely to start commercial use of the superfast wireless technology na
tionwide in the near future, possibly as soon as October, according to people familiar with the matter.
Given that the US economy is driven by domestic demand, consumption in particular, instead of exports, a high rate of eco