US sneaker giant Nike and fancy shoemaker Allen Edmonds have joined the chorus of busines
s groups calling for the White House to hit the brakes on its move to raise duties on Chinese shoes an
d other products, further challenging President Donald Trump’s claim that China is paying for the tariffs.
A week after Trump threatened to impose tariffs on the remaining $300 billion of goods imported from Chi
na, more than 100 American shoe and sneaker companies, brands and retailers signed an open letter to the president saying the p
olicy “would be catastrophic” for consumers, businesses and the US economy.
“Your proposal to add tariffs on all imports from China is ask
ing the American consumer to foot the bill,” said the letter, dated on Monday and signed by
the companies. It was posted on the website of the Footwear Distributors and Retailers of America (FDRA).
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.
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
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 Gao Feng said at a regular news conference.
The office of the United States Trade Representative proposed to take further action by imposing 25 percent of addition
al tariffs on Chinese imports with an annual trade value of approximately $300 billion. The USTR is seek
ing comment and will hold a public hearing regarding the proposed modification on June 17.
Gao said the impact of US tariffs imposed on Chinese products starting last year was “completely controllable.”
erprises in China. Last year, intellectual property authorities punished violators in more
than 6,000 cases of infringing on rights of trademark registrants from overseas, with a t
otal value of 151 million yuan ($22 million), an increase of 50.1 percent over the previous year, the report said.
An agreement to support young scholars’ research into the Silk Road was signed between China and UNESCO during a ses
sion of the Conference on Dialogue of Asian Civilizations in Beijing on Wednesday.
Under the agreement, an international academic program will be launched with funding of $1 mill
ion from the Chinese government to scholars under 35 years of age from around the world.
Hosted by the Ministry of Education and UNESCO, the session – entitled “Safeguardin
g the Diversity of Asian Civilizations” – focused on cultural interactions among Asian people and disc
ussed challenges in terms of revitalizing the multiple cultures of Asian countries and regions.
philosophies to enhance the exchanges and mutual learning of diverse civilizations.
Frederick W. Russell-Rivoallan, a program specialist and head of social and human sciences for UNESCO, hailed the dialogue of Asian civilizations.
“It’s a great way to concentrate in this part of world, but it’s also
a global inspiration – bringing countries together, understanding other cultures, respecting each
other and sharing with each other,” he said. “That’s the way that we can understand each other better and live together better.”
China will extend 1,000-Megabyte broadband connection to more than 300 cities and cut the
average service rates by 15 percent for small and midsized enterprises this year. The measures are desi
gned to achieve multiplying effects of expanding domestic demand, boosting employment and improving people’s lives.
The decision was made at the State Council’s executive meeting chaired by Premier Li Keqiang on May 14.
s higher than men in new media operators and data analysts among the five professions, illustrating that burgeoning career opportunities and skill requ
irements are presenting an unprecedented advantage for women. That’s a change from the past, when women
normally had more household duties, especially in the era of universal two-child policy, he said.
Lu also said that the number of people engaged in human-centered job positions was growing faster than other rules.
“It implied that jobs requiring insights into people’s preferences and habits, such a
s marketing and human resources, are irreplaceable by machine intelligence so far,” Lu said.
A survey jointly conducted by research firm Trustdata and LinkedIn in April found career starters w
ere establishing their career goals earlier than past generations, exhibiting a stronger self-driven momentum.
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
akes less than $9 from each iPhone. The total price of a phone is ridiculously counted as a Chinese export to the US.