The IMF research, citing official data, found that the

 revenue collected by the US government through hefty tariffs on Chinese imports, has been paid almost entirely by US importers.

“Some of these tariffs have been passed on to US consumers, such as those on washing machines, wh

ile others have been absorbed by importing firms through lower profit margins,” the research said.

Any further increase in tariffs will likely be passed through to consumers, it said.

China and the US, the world’s two largest economies, have been embroi

led in a tit-for-tat trade confrontation over the past few months. Washington threatened to fur

ther escalate a tariff war and increased tensions by tightening restrictions on Chinese companies.

Earlier this month, the US raised tariffs on $200 billion of Chinese imports from 10 percent to 25 percent, and China took coun

termeasures. Then the US administration listed about $300 billion more of Chinese goods for possible tariff hikes.

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Wang stressed if one side is trying to place extreme press

extreme pressure on the other, it will cause a legitimate counterattack.

“The measures from us are not only to safeguard China’s own rights, b

ut to protect the basic rules of the current multilateral trading mechanism,” Wang said.

Wang made the remark in a joint news conference with his Russian

counterpart Sergei Lavrov during his visit to the Black Sea coastal city of Sochi.

Experts warned that the rising US tariffs on Chinese imports risks a full-blown trade war, which will bring harm to both sides.

Major Wall Street stock indexes declined more than 2 percent on Monday, followi

ng China’s announcement of countermeasures in response to Washington’s latest tariff move.

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And, despite ongoing tensions, the total value of impo

orts and exports rebounded sharply in March, reaching 9.6 percent higher than March 2018. S

o, overall trade grew by 3.7 percent year-on-year in the quarter despite low growth rates in January and Febru

ary. Exports of electrical and mechanical products, which are higher value added, grew by 5.4 percent in the qua

rter. And, private sector trade grew 9.9 percent, far more than the overall growth rate.

I am worried to see that total investment in real estate grew by 11.8 per

cent year-on-year. Having lived through the 2008 finan

cial crisis in the United States, I’m wary of continued high investment in real estate in a time when property prices are al

ready astonishingly high and China’s living space per person has already surpassed that in Europe.

The bottom line is that fiscal and monetary policies combined with policies to promote structural transformation have

achieved a stable macroeconomic situation and steady movement toward supply side upgrading.

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He said that from a long-term perspective, populat

ion determines economic growth. Even though it will take some time, the large number of people i

n BRI-related economies will ultimately prove the potential for economic development in those countries.

Ma Yu, a researcher at the Chinese Academy of International Trade and Economic Cooperatio

n, said the BRI provides a new impetus for the recovery of the world economy. The improvement in infra

structure, and digital-related manufacturing brought by the BRI will restore the development capacity of the worl

d economy and bring new opportunities for the partnership between Chinese and local companies.

Also on Monday, the Office of the Leading Group for Promoting the Belt and Road Initiative

released an official report on the development, achievements and prospects of the BRI.

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rime scene officials inspect the explosion area at Shangri-La

Of the dead in the blasts, there are 35 foreigners, the police confirmed. Hospital sources

had earlier said nine foreigners were among those killed while 13 others have been injured.

Airline says flights continue despite curfew

SriLankan Airlines is telling passengers boo

ked on flights out of the country that they will be able to fly despite the curfew imposed.

The carrier says in a statement that travelers on all airlines operating out of Bandaranai

ke International Airport can access the airport by showing their tickets and passports at checkpoints.

The airline says security has been tightened at the airp

ort, and it advises passengers to arrive four hours before their scheduled flights.

Both Sri Lankan President Maithripala Sirisena and Prime Mi

nister Ranil Wickremesinghe have condemned the attacks and appealed for calm.

Prime Minister Ranil Wickremesinghe said t

he tri-forces and the police are conducting a thorough probe into the explosions.

In a special statement, the police urged the publi

c to stay indoors and not gather at the explosion sites which had been sealed off.

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Remaining poverty alleviation tasks are quite arduou

s, and government departments must make continuous efforts to ensure tasks are completed. Off

icials of poverty-stricken counties must keep a close eye on problems to ensure people can escape poverty.

The Party’s publicity work was also discussed. It’s the top political task to learn and publi

cize Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, the statement said. A

ll Party committees must pay great attention to publicity work and ensure the implementation of regulations.

A draft amendment to the Securities Law was submitted Saturday to a bimonthly session of

the National People’s Congress Standing Committee, China’s top legislature, for a third reading.

The latest revisions to the law include rules on the newly-devised science and technol

ogy innovation board, which will pilot a registration-based initial public offering (IPO) system.

Under the current IPO system, new shares are subject to approval from the China Securities Regulatory Commission before being listed.

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We are very proud to have the opportunity to be with

 them for the past 20-odd years,” she said.Currently, the zoo is busy preparing for the pandas’

travel back to China and trying its best to make them feel comfortable during the trip, Thomas added.

Many zoo visitors lined up to say goodbye to the pandas, and wrote down their best wishes on cards

and posted them on a friendship wall set up in front of the panda exhibition halls.

The farewell celebration will run through April 27.

The San Diego Zoo is globally recognized and a San Diego ic

on by hosting more than 4 million guests each year.

Late civil servant on ‘long march’ fighting poverty

Female civil servant Ma Xinjuan died, at the age of 39, only a

few months before Shangyan Village was lifted out of poverty in 2018.

“She was like the peach blossoms,” said Ma Caiqin, a villager of Shangyan. Peach blossoms are common during spring scene

ry at this once impoverished village in northwest China’s Ningxia Hui autonomous region.

But when Ma Xinjuan, former Party secretary of Huangh

ua Township, first came to the village, she received antipathy from some villagers.

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Xiongan has global reach, robust growthshows a constructio

Companies upbeat on 2-year-old new area as goals in place for development

Xiongan New Area, which was first announced two years ago, has been attracting

increasing attention from foreign companies given its huge development potential.

Located about 100 kilometers southwest of Beijing, Xiongan is aiming to become a significant part

of the Beijing-Tianjin-Hebei cluster, and plans to take over Beijing’s noncapital functions and pr

ovide a Chinese solution to “big city malaise”, including overcrowding, pollution and traffic congestion.

On April 1, 2017, China announced plans to establish Xiongan New Area, which an official statemen

t called “a strategy that will have lasting importance for the millennium to come, and a significant national event”.

Massimo Bagnasco, vice-president of the European Union Chamber of Commerce in China, said tha

t there are many opportunities for foreign companies to benefit from Xiongan.

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Shennongjia is home to many rare animals including gol

Xiang Zuofu, a professor of wildlife conservation at Central South University of Forestr

y and Technology in Hunan province and one of the leading authors of the study, said the phenomenon called allom

aternal nursing is not unusual among mammals including humans, but it’s the first evidence in an Old World monkey.

“Without the nanny, the golden snub-nosed monkeys might have become extinct,” Xia

ng said in an interview on Friday. “Golden monkeys are conceived every two years and they bear only one bab

y a time. If there is no allomaternal nursing, the survival rate of their infants would only be 20 to 30 percent.”

However, the rate may soar to over 50 percent under natural conditions when offspring also are nursed by other female monkeys, he said.

Golden snub-nosed monkeys live in high-elevation temperate forests in Hubei, Sichuan, Shaanxi an

d Gansu provinces. The cold, five-month-long winters, with nighttime temperatures easily dropping belo

w freezing, pose great challenges for them in raising infants, as do strong seasonal changes in the availability of food.

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Following his visits to Spain and Portugal in late 2018, Xi

came to Europe again in his first overseas trip this year, manifesting the great importance China attaches to Europe, Wang said.

In a world of unprecedented transformations, Xi noted that a stable, strategic and reciprocal China-EU relationship is urgently needed.

Wang said during his visit, Xi had in-depth communication with the European leaders to discuss cooperation in internation

al issues and reached important consensus of adhering to multilateralism, and discarding isolationism and unilateral moves.

He also said Xi and the European leaders agreed to enhance coordination and cooperation wit

hin the UN system, give full play to the constructive role of global and regional multilateral mechanisms s

uch as the World Trade Organization, the International Monetary Fund, the World Bank, and Group of 20 and the EU, and

actively contribute to solving international conflicts, combating climate change and promoting sustainable development.

In his keynote speech at the global governance forum, Xi raised “four deficits” in global affairs including governance deficit, tru

st deficit, peace deficit and development deficit. To address these deficits, he proposed a four-pronged approach of fairness and reas

onableness, consultation and understanding, joint efforts and mutual assistance and mutual benefit and win-win results.

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