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).
ary as chairman of the China Securities Regulatory Commission, a position he kept for three years before being replaced by Yi Huiman.
The central commission said in the statement that Liu is cooperating with the probe.
hina’s housing regulator has warned four Chinese cities over price rises in the past three months, the Economic Observer reported.
Local governments of Foshan, Suzhou, Dalian and Nanning were urged by the Ministr
y of Housing and Urban-Rural Development to stabilize land and housing prices as well as market expectations.
This came a month after six other cities were also warned over similar reasons on April 19.
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
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.
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.
tablish a policy framework for applying a fairly low RRR for small and medium-
sized banks in a bid to lower financing costs for MSEs.
Home prices in 70 major Chinese cities continued to stabilize despite slight increases in April, official data showed Thursday.
New home prices in four first-tier cities — Beijing, Shanghai, Shenzhen and Guangzhou — increased 0.6 percent month
on month in April, up from the 0.2-percent increase in March, said the National Bureau of Statistics (NBS) in a statement.
New home prices climbed 0.8 percent in 31 second-tier cities, and rose 0.5 percent in 35 third-tier cities.
As for resold homes, prices in the four first-tier cities reported a 0.4-percent growth mo
nth on month, while those in 31 second-tier cities went up 0.6 percent, narrowing from the 1.2-percent increase in March.
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.
not to provide disposable daily necessities. But some customers say not providing the items would cause them inconvenience.
A latest survey by Ctrip.com shows that more than 80 percent of clients back hotels not providing disposable daily necessities.
Beijing’s Yanqing district plans to help more than 20,000 primary and secondary scho
ol students master skiing and skating skills over the next three years, a move designed to spur enth
usiasm among the district’s residents for the Beijing 2022 Winter Olympic Games and beyond.
Set to run from Feb 4 to 20 in 2022, the Winter Olympics will be held in Beijin
g and co-host city Zhangjiakou in adjacent Hebei province in less than 1,000 days.
Yanqing, 74 kilometers northwest of central Beijing, will host several events, including Alpine skiing, bobsled, skeleton and luge.
level, and supported by diverse interest groups will prevent conflicts among stakeholders in the South China Sea,” Santarita said.