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war is intensifying within the US. For example, the US Chamber of Commerce – one of the country’s most powerful bu
上海会所siness lobbies – has called for the reversal of all tariffs imposed over the past two years.
The effects of the trade war have already spread to cross-border investment
. In recent years, rising Chinese production costs have driven many foreign enterp上海会所女神会所
rises – and, increasingly, even Chinese enterprises – to relocate their operations to lower-cost countries such as
Vietnam and Thailand. The trade war is accelerating this process. According to the Vietnamese government, inward for
上海会所eign direct investment increased by nearly 70 percent year-on-year in the first five months of 2019, the highest such i
ncrease since 2015. Meanwhile, the growth of US investment in China is slowing.上海会所女神会所
Essential to improve investment environment
上海会所The US administration wants American companies to leave China. It is u
p to China to persuade them to stay. That means improving the local investment envi
ronment, including responding to foreign companies’ justifiable complaints – say, by strengthening intellectual p上海会所
roperty rights protection – and, more broadly, better adhering to World Trade Organization rules.
But the pressure on China does not end there. The US is also eager to exclude the count
上海会所女神会所ry’s high-tech companies from global value chains. Trump recently announced that he would allow US co
mpanies to continue to sell to Chinese high-tech giant Huawei, after a months-long campaign against the company. But it r
emains highly unlikely that the US administration – which reversed a similarly aggressive policy toward sm
artphone company ZTE last year – will abandon its efforts to strangle China’s high-tech industries.上海会所女神会所
China has three options. First, it could accede to US pressure to disengage from global value chains. Second, it could remain
committed to integration, hoping that, thanks to existing interconnections, sanctions on Chinese high-tech com上海会所
panies will also hurt their US counterparts (such as Qualcomm) enough for the US administration to back d
上海会所女神会所own. The third option is to focus on supporting domestic high-tech companies’ effo
rts to strengthen their own positions within global value chains and develop contingency plans.
he Sichuan-Tibet Railway, the second railway line linking the Tibet autonomous region to other parts of China, will opera
te high-speed trains with a designed running speed of 200 kilometers per hour, thecover.cn reported.
China Railway Eryuan Engineering Group Co Ltd, which is designing the line, revealed a draft plan on Wednesday that tra
ins on the whole Sichuan-Tibet line will travel with a designated speed of 200 km/h, with some segments limited to 160 km/h.
The 1,600-kilometer-long line under construction is designed to start from Chengdu, pass through Ya’an and Kan
gding, then enter Tibet via Qamdo and end at Lhasa. The 140-kilometer Chengdu-Ya’an high-speed railway, whic
h serves part of the Sichuan-Tibet Railway, started operation last year with a maximum speed of 200 km/h.
The volunteer team－led by Wu Liangliang, a security guard who has gained online fame for his fluent self-taught En
glish－has also been part of the site’s efforts to provide a more personal management style, in addition to the city go
vernment’s introduction of various measures, including a mobile app, to help tourists.
Larry Goodrich, from Seattle, who has been traveling with his wife
in the Yangtze River Delta for three weeks, lauded the volunteers’ contributions.
Having worked in the computer industry since “the era of brick-si
zed cellphones”, the 65-year-old said that while technology has provided unimaginable con
venience, traveling is about being a part of the destination and interacting with local residents.
“The human connection is always better,” said Goodrich.