On behalf of our hundreds of millions of footwear cons

sumers and hundreds of thousands of employees, we ask that you im

mediately stop this action to increase their tax burden,” the group said.

The group’s reasoning echoes an earlier comment from David French,

senior vice-president for government relations at the Nat

ional Retail Federation, who said, “Saying that China is paying these tariffs doesn’t hold water.”

About 99 percent of all shoes sold in the US are imported. Last year alo

ne, it imported 2.5 billion pairs, nearly 70 percent of which came from China, ma

king the Asian country the largest source for US shoe imports, according to statistics provided by the FDRA.

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In contrast, the US seems to take it for granted that tarif

s are a weapon it can employ to bring China to its knees and extract one-sided

concessions, apparently ignorant to the fac

t that China is not what it was in the late 1800s and early 1900s when the country was forced into signing humil

iating treaties, which resulted in the opening of trading ports and paying of indemnities to Western powers.

Perhaps the blame for the breakdown in the talks should be laid at the door of the mind-set o

f the West, which sees only winners and losers, rather than a holistic whole in

which all benefit from each other.

That Eastern viewpoint explains why

China still hopes that the US will meet it halfway for

the benefit of both countries and both

peoples as well as the development of the world economy.

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Not only are there missing links on the causality chai

 between long-term structural factors and actual economic performance, it is also unclear how long those factors would take to constrain GDP growth to a part

cular level. In fact, 20 years ago, the same long-term factors were used to warn of a possible fall in Chinese GDP growth.

Because of the complexity of China’s growth trajectory, many economists seem to base their assessments of potenti

al on performance. After every drop in China’s GDP growth since the second quarter of 2012-when growth fell be

low 8 percent-economists have emerged to declare that performance was in line with potential.

Difficult to determine potential growth rate

To be sure, there are various estimates of China’s potential growth rate, ranging from 5 perc

ent to 8 percent. But it is difficult to determine which is reliable. For one thing, there is reason to believe that

most estimates fail to discount cyclical factors adequately when calculating the long-term trend.

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China welcomes financial institutions around the worl

 to participate in financing Belt and Road projects, Xi said, adding that multiple participants will bring common benefits.

Xi announced that China will support 5,000 people from innovative sectors in Belt and Road

countries in conducting exchanges, training programs and joint research in the next five years.

Xi called for joint efforts to facilitate trade and investment and oppose protectio

nism, saying that the flow of products, funds, technology and people can propel forces for economic growth.

According to Xi, more than 150 countries and internat

ional organizations have signed cooperation documents to jointly build the Belt and Road.

The BRI has opened new space for global economic growth and

built a new platform for international trade and investment, Xi said.

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Some facts may be twisted and distorted to sensatio

nal proportions. But nothing can obliterate the tangible benefits the development initiative has brought. In less than six

years, the nascent Belt and Road are already changing development landscapes in multiple places and dime

nsions. Thanks to the initiative, East Africa has seen its first expressway, the Maldives its first cross-sea bridge, Belar

us its own car-manufacturing enterprise, and landlocked Kazakhstan finally has access to the sea.

And while China-Cambodia trade may not look to be in perfect balan

ce at this point, Belt and Road cooperation between the two neighbors is laying a solid fo

undation for the latter’s future progress. Take the Sihanoukville Special Economic Zone for instance. An exem

plary project under the framework of the Belt and Road Initiative, it is expected to host 300 enterprises, create 100,0

00 industrial jobs, and serve as a resident-friendly new community housing 200,000 people.

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A large number of Chinese cultural heritage sites are b

eing restored as well. We have no room for even the slightest error,” Song said.

Liu Qingzhu, a cultural heritage expert at the Chinese Academy of Social Sciences, said, “In anci

ent times, thunderstorms were the biggest threats for wooden architecture. They became much safer after l

ighting rods were widely installed. However, the use of electricity in restorations has created a new problem.”

Unlike the stone structures of much ancient architecture in the W

est, wood was the primary building material in ancient China. “If a fire similar to the one at Notre

Dame in Paris happened at a Chinese building, the whole building would probably burn down,” Liu said.

Hours after the fire in Paris, the Palace Museum in

Beijing, China’s former imperial palace from 1420 to 1911 and also known as the Forbidden City, held an eme

rgency meeting to go over its fire-prevention efforts. It is the world’s biggest architectural complex made of wood.

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Besides the successful capture of the first black

k hole image, two earlier detections of gravitational waves from

black hole mergers also were products of international collaboration.

In February 2016, the Laser Interferometer Gravitational-Wave Observatory in the United States announ

ced the first observation of gravitational waves generated by a black hole merger. The following June, it annou

nced the second detection of a gravitational wave event from colliding black holes.

Wu said Tianqin has potential for even greater discoveries.

“LIGO used interferometers on the ground with an arm length of 4 km. But with satellites, the arm length will increas

e to 170,000 km. So the space-based probes (enabled by Tianqin) will be able to detect gravitational waves at much l

ower frequencies generated by the merging of massive or supermassive black holes,” he said.

“It will also enable us to see the smaller black holes during the infancy of the universe, as w

ell as understand the history of black hole growth and the evolution of galaxies,” he said

www.cn-yongan.com

Thanks to the extension of the subsidiary policy of new e

energy vehicles (NEV), sales of NEVs reached 111,000 in March, up 100.9 percent year-o

n-year, with NEV wholesales accounting for 254,000 units in the first quarter.

CPCA predicts a 40 percent increase in NEV sales to 1.7 million

units in 2019, based on these first quarter figures.

As China began to cut manufacturing sector VAT from 16 to 13 percent on April 1, som

e imported and high-end vehicle brands lowered prices to boost sales nationwide.

As the industrial chain of domestic-made goods are comparatively longer than that of imports howe

ver, most domestic manufacturers have not lowered prices for goods, including automobiles.

“Consumers should not expect too much on price cuts of automo

biles, but choose vehicles based on demand and affordability,” CPCA said.

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With 32 turbines by the blue sea, the Punta Sierra wind far

rm has been in operation since Feb 4, 2018.

It is the first Pacific Hydro wind farm in Chile and the first wind farm invested in by China in the South American country.

The $150 million project, financed and constructed by China State Power Investment Corpo

ration, has an installed capacity of 82 MW and will generate about 282 GWh/year, which can meet electri

city demands for 130,000 households and reduce carbon emissions by 157,000 tons per year.

Located in Russia’s Yamal Peninsula in the Arctic, the Yamal liquefied natural gas project reached f

ull production capacity with its three production lines, each of which has a capacity of 5.5 milli

on tons per year, with operations starting in December 2017, August 2018 and December 2018, successively.

The project is the world’s largest of its kind within the Arctic Circle and is also the first m

ega- energy cooperation project implemented in Russia after the Belt and Road Initiative was proposed.

It is owned by Russia’s Novatek (50.1 percent), France’s Total (20 percent), China N

ational Petroleum Corporation (20 percent) and China’s Silk Road Fund (9.9 percent).

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Rice project benefits nations in Asia, Africa

Chinese scientist says resilient varieties boost harvests, minimize use of fertilizers

A decadelong agricultural project spearheaded by Chinese scientists has helped alleviate poverty for more than 1.6 million f

arming households in 18 Asian and African countries through cultivation of high-yield and resilient rice strains.

The Green Super Rice project, led by the Chinese Academy of Agric

ultural Sciences, has generated 78 rice varieties that boast an average 20 percent increase in har

vest per hectare while minimizing the use of fertilizers, pesticides and irrigation, said Li Zhikang, a professor and

researcher of rice breeding at the academy and a leading member of the project, on Tuesday.

The total area planted with the varieties in participating countries h

ad expanded to 6.12 million hectares by the end of last year, including around 3.4 million hect

ares in the Philippines, 1.3 million hectares in India and 1.1 million hectares in Vietnam, he said.

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