Liu Xiangdong, a rese上海千花网the China Center for Int

ternational Economic Exchanges, said besides the policies launched to further stimulate c

上海千花网onsumption upgrade, the authorities needed to regulate the consumption environment in elderly car

e, healthcare and information while easing market entry in the healthcare, education and elderly care industries.

上海千花网Foreign companies are also showing a positive attitude toward the Chinese market.

“The implementation of more opening-up policies in the field of consumption is contributing to the shift of China’s econom

ic growth model from investment orientation to consumption orientation, which is more sustainable,” said St上海千花网品茶微信

phane Rinderknech, CEO of L’Oreal China, one of the world’s leading beauty products makers.

“Today, we are more confident than ever in developing and seizing opp上海千花网

ortunities in China. With a continuously improving business environment, consumers’ trust and

our great China dream team, we are confident in making China the number one market for L’Oreal Group in the near fut

上海千花网品茶微信ure,” he said. “We hope the joint efforts between the Chinese government an

d companies will further stimulate China’s domestic consumption and benefit consumers.”

Faced with trade friction with the United States, experts believe consumption will play a major

role in offsetting the negative impact on trade and putting economic growth on a firm footing.上海千花网品茶微信

“China is a market with a population of 1.4 billion and 400 million middle-income earners, and there is a strong dem

and for consumption upgrade,” said Wang Bin, an official at the Ministry of Commerce. “The domestic consumption ma

rket is full of potential and it is China’s biggest advantage to maintain long-term stable development.”

Rural areas offer more consumption potential, according to experts.

“The country’s exports in the first five months (of 2019) had been increasing but at a slower pace… in the future, the trade surp

lus will inevitably narrow,” said Xu Hongcai, deputy chief economist at the China Center for International Economic E

xchanges, arguing that the degree of dependence on foreign trade will decrease.

He said the country needed to turn to domestic demand to power ec

onomic growth, and the country’s ongoing urbanization offered large potential.

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In the 1950s, the Amer 上海千花网try was seen as the

e prototype of how business should be run. Car company executives were seen as the most capable manage

 上海千花网品茶微信rs. In 1953, president Eisenhower chose Charles Wilson, known as “engine Charlie,” to be his Secretary of Defense.

Then, in 1961, president Kennedy chose Ford president Robert McNamara for the same position. (Of course, McNamara’s incredible mismanagement of the war in Vietnam reduced any confidence that car company executives were especially competent.)

By the late 1960s, the “big three “car companies in the US – General Motors, Ford, and Chrysler – formed a virtual oligopoly and turned lazy. 上海千花网

I remember American cars my father bought in these years often overheating and breaking down by the side of the road. Dad would have to stay by the car with my m

other and sisters while I walked a long way to find a service station and arrange a tow. (This was long before mobile phones.) 上海千花网品茶微信

So, American consumers were ready for more competitive Japanese-made cars, which had consistently high

er quality, to enter the market. My father switched to Japanese cars in the 1970s, and never bought another American-made car. 上海千花网

American car companies saw their profits fall and were not able to pay their workers t

he very high wages made possible by a closed, non-competitive market. The US government responded by

 上海千花网品茶微信imposing quotas on the import of Japanese cars and by pushing Japan to rapidly raise the value of the yen.

Obviously, there was a conflict. American consumers benefitted from the cheaper, better cars while workers at the big three saw their jobs become less secure and the

ir wages fall. Fortunately, the protection was only partial and temporary, so the competition eventually forced US carmakers to improve.

Competition is at the heart of the current disputes over globalization and technology. On net, the spread of econo 上海千花网品茶微信

mic opportunities around the world has been a great boon. Many products are more widely and cheaply available than ever before.

Many countries, including China and India, have greatly reduced poverty and given opportunities to their people that would have been undreamed of by earlier ge 上海千花网

nerations. American and Western European companies and consumers have greatly benefitted.

But nobody really likes competition against themselves. Most people like some degree of stability and protection. A worker w

ho has put in 20 or 30 years in an industry will definitely feel that it is unfair to have to move to a much lower-pa

ying service job. A company facing new competitors will try to convince its home government to stop the competition.

Americans saw many benefits from the second globalization period. As Japanese and, later Chinese, manufacturers began to export t

o the US, many consumer goods became a lot cheaper in US stores. Many American companies made good profits by exporting t

o the newly open markets or by outsourcing manufacturing to cheaper and/or better factories outside the US.

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Stephen Roach, a 上海千花网品茶微信t Yale University a

 and a former ch上海千花网品茶微信airman of Morgan Stanley Asia, warned that if the US and China, wh

ich have accounted for fully 44 percent of world GDP growth since 2008, opt for a superficial res

olution or fail to come to terms on their trade conflict, the global economy could well falter.

Bipartisan political support for China bashing in the savings-shor

t US threatens to turn a trade war into a protracted and destructive economic cold war, Roach said.

“Now, more than ever, a fragile world is in desperate need of political will and wisdom,” he said.

Xiong Aizong, assistant researcher at the Chinese Academy of Social Sciences’ Institute of World Economics and Pol

itics, agreed that multilateral mechanisms are the best solution to tackle global issues.

changhaisheng.cn

In the first frame of上海千花网女神会所 stamp from the U

United States s上海千花网女神会所ums up his attitude toward disability and his encouragemen

t for all people with disabilities, with a caption that reads “disabled doesn’t mean unable”.

“A lot of disabled people are actually very willing to participate in cultural activities. Stamp exhibi

tions provide them with a means to communicate with other people,” Li says. “I would like to he

lp them strengthen their love for life and the belief to never give in to disability.”

Bai Yudong, a leather sculptor from the post-1990s generation, has am

azed netizens with his skill in carving vivid representations of animals into leather.

When he carves images of cats and dogs, he makes them come alive because of his splendid carving skills as well as the way in whi

ch he adds soul to his works.He said that before he carves, he spends a lot of time communicating with his clients abo

ut why they want the carving, listening to their stories. “The creative proce

ss is actually a process of emotional integration between me and the clients that goes into the carving,” he added.

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The government of the 上海千花网品茶微信 Special Admi

inistrative Regio上海千花网品茶微信n’s decision to suspend legislation on proposed amendment

s to the city’s extradition laws received wide support and understanding from various sectors, as it i

s believed this move will help allay social disputes and ensure the city’s long-term stability and prosperity.

On Saturday, the region’s Chief Executive Carrie Lam Cheng Yuet-ngor announced the decision to restore c

alm and order in society after concerns, doubts and even conflicts were seen over the amendments.

The suspension would allow the government to further communication with all sectors o

f society, better explain the proposed legislation and listen to different views on the matter, Lam said.

The decision received support from central government bodies including the Hong Kong and Macao Affairs Office of the St

ate Council, the Foreign Ministry and the Liaison Office of the Central People’s Government in the HKSAR.

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Australian-born Assan上海千花网品茶微信aximum penal

ty of 10 years in 上海千花网品茶微信prison for each charge. He was initially accused of violating the US Espionage Act.

He was sentenced to 50 weeks in jail in May for breaching the Bail

Act in Britain after having been expelled from Ecuador’s Embassy in London, where he was gra

nted refuge in 2012 while on bail in Britain over sexual assault allegations against him in Sweden.

Assange has said that he does not consent to being extradited to the US over charges related to leaking government secrets.

More evidence and details emerged as prosecutors laid out their cas

e in the federal death penalty trial of Brendt Christe

nsen in the slaying of 26-year-old missing Chinese scholar Zhang Yingying, at the federal courthouse on Thursday.

Christensen, 29, a former physics graduate student at the University of Illinois,

is accused of picking up Zhang at a campus bus stop, then raping and torturing her in his apartment,

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Pacts mulled in president’s visit to Central Asia

Trip will includ上海千花网女神会所e bilateral talks with leaders of nations at regional organization’s meeting

China will sign an array of cooperation agreements with Kyrgyzstan and Tajikistan during President Xi Jinping’s state visits to the

two Central Asian countries to further strengthen their ties, a senior diplomat said on Monday.

As an important outcome of Xi’s visits, Beijing will also sign a joint statement with each country on furthering their com

prehensive strategic partnerships, Vice-Foreign Minister Zhang Hanhui said at a news briefing.

Xi will also attend the 19th meeting of the Council of Heads of State of the Shanghai Cooperation Organization in Bishkek, the Kyrgyz

capital, during his stay from Wednesday to Friday, as well as the fifth summit of the Conference on Interaction and

Confidence Building Measures in Asia in the Tajik capital of Dushanbe during his visit from Friday to Sunday.

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It noted that China’s surplus comes mainly from lab

bor-inte上海千花网女神会所nsive products, and the country saw deficits for products including aircraft, integrated circuits, auto

mobiles and agricultural products, indicating that both countries have capitalized on their respective industrial advantages.

“Strict controls by the US over exports to China is one of the important reasons for the trade deficit,” the re

port said, adding that the measures involve around 3,100 items in 10 categories, mostly high-tech products.

Tom Harper, a researcher at the University of Surrey in southea

stern England, said since the Sino-US trade friction escalated, the impact is already being

felt on global supply chains. For example, China has sought to move away from the US to other countries for the goo

ds it needs. Brazil, for example, has begun to supply China with soybeans previously bought from the US.

These moves demonstrate the dangers of trade conflicts, with US farmers bearing the brunt of Chinese tariffs, Harper said.

changhaisheng.cn

decline from 85 million in 2018 to 42 million in 2040. In th

he next five to seven years, China’s policy support for new energy vehicles will drive g

lobal growth,” said Kou Nannan, head of research at Bloomberg New Energy Finance.

As early as in 2012, the State Council introduced a pipeline to guide the development of the natio

n’s EVs, with a goal of producing 2 million units and selling 5 million EVs by 2020. Later on, cent

ral and local governments carried out a series of subsidy policies in the NEV industry, such as purchase tax exemption an

d purchase subsidies, to offer greater support to the industrialization of China’s NEV industry.

According to the agency, China will specifically lead in the e-bus market. It is estimated that by

2025, China’s e-bus fleet share will reach 50 percent, and by 2040, the ratio will rise to roughly 80 percent.

www.euitdm.cn

n accordance with security needs. This is within the natura

ral rights of a sovereign state, and a necessary measure to counter those provocative actions.”

Mutual trust also is growing between China and countries in the region due to joint effo

rts. The overall situation in the South China Sea is stable and becoming better, Shao said.

“Countries from the region have the will, wisdom and capability to manage differences and jointly

promote peace, thus transforming the area into a sea of peace, friendship and cooperation,” he said.

On the Korean Peninsula question, China insists on denuclearizing the penin

sula, and solving issues through dialogue and consultation, Shao said.

“China has consistently, seriously, fully and rigorously implemented

the United Nation’s resolutions regarding the peninsula,” he said. “China also is willing to

work with various parties to promote the denuclearization of the peninsula via political solutions.”

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