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anuary 2017, he pledged GDP growth at 4 percent. More recently, he projected
上海千花网女神会所US growth at 3 percent. Yet analysts estimate US growth this year at 2.5 percent or less. Quali
tative assessments suggest deterioration, as the growth of domestic demand is slumping.
Worse, US GDP growth forecasts for 2020 indicate softening to 1.8 per上海千花网
cent, possibly a (near-recession) slowdown－especially if trade and tech wars still
escalate. In the absence of negative surprises, China’s GDP growth is lik
上海千花网ely to stay within the target of 6.2 percent in 2019 and possibly in 2020 as well, with
supportive fiscal and monetary conditions. US tariff wars are likely to penalize the Chinese economy by less
上海千花网女神会所than 0.5 percent of GDP, which could be offset by just a modest depreciation of the renminbi.
If recent policy mistakes in the White House prevail, slower growth in i
nvestment spending, rising concern for continued trade wars and destabilizing geopolitics are likely to foster downside上海千花网
risks in global economic prospects, as risks for further downgrades morph into actual realities.
The author is the founder of Difference Group and has served at India, China and
上海千花网女神会所America Institute (US), Shanghai Institutes for International Studies (China) a
nd the EU Centre (Singapore). The views of the article do not necessarily represent those of China Daily.
Key indexes decline as US threat to impose tariffs rattles global investors上海千花网
China’s A-share market, together with other Asian peers, tumbled on Friday, after the
unexpected tariff threat from the United States overnight rattled investors globally.
上海千花网女神会所The benchmark Shanghai Composite Index fell by 1.41 percent to close at 2867.84 poi
nts, while the smaller Shenzhen Component Index ended 1.42 percent lower at 9136.46 points.
More than 3,000 shares, or 85 percent of the shares listed on mainland bourses in total, registered losses on上海千花网
Friday, with brokerages, energy equipment manufacturers and the shipping sector leading the fall.
上海千花网女神会所Low investor sentiment was witnessed in other Asian bourses on Friday, with Hong Kong’s Hang Seng, Japan’s Nikkei a
nd South Korea’s Kospi losing 2.35 percent, 2.11 percent and 0.95 percent, respectively.
gnized as the top three missions for environmental protection work. “What we need to do is not only to reduce pollutio
上海千花网but to improve the mechanism to better secure environmental protection work in the future.”
In April 2018, Fujian launched the nation’s first eco-cloud platform, w
here the government can manage data in real-time on air, water and soil in the p上海千花网品茶微信
rovince, offering more scientific support to the government’s policymaking.
上海千花网Before 2016, Fu Xin had never thought of working in the Tibet autonomous region.
The area in southwestern China is not only far away from his hometown of Shanghai, but the situation was further compou
nded by Fu’s f上海千花网amily situation. His mother was recovering from lung cancer surgery, his mother-in-law breast cancer t
上海千花网品茶微信reatment, and his young daughter needed the care and love of both her parents.
Fu, then aged 36, was a deputy principal of the high school attached to Shanghai Normal University. The
re seemed little could lure him away. But Fu said when he was dispatched by the Shanghai Muni
cipal Education Commission to Tibet in 2016 to aid local education, there was little to hold him back.上海千花网品茶微信
“I wanted to help children in the less-developed Tibet region to access the same quality education
上海千花网resources as those living in other areas of the country,” Fu said. “It’s my duty as an educator.
“I am so grateful that my family is supportive, especially my w
ife, who told me to take it easy as she would take good care of the whole family.”上海千花网品茶微信
For three years, Fu worked as deputy director of the Shigatse City
上海千花网Education Bureau and principal of the Shanghai Experimental School there.
Every year since he arrived, he has led a group of 40 teachers from Shanghai who come to support Tibet’s education. They stay year-r
ound and only return home for family visits during the Spring Festival, which normally falls in February.上海千花网
So far, their efforts have paid off.
上海千花网品茶微信The performance of students at schools the team has helped has impro
ved markedly. For two consecutive years, all senior high students have been accepted to fi
rst-and second-tier universities, compared with a level of around 80 percent three years ago.上海千花网
The number of students passing the junior high school entrance exam has nearly doubled.
According to Fu, the education environment in Tibet has been improving in recent decades due to government efforts.
上海千花网品茶微信”Basic education facilities have been established, including canteens, dor
ms, labs and classrooms,” he said. “But the toughest part to tackle was the lack of edu
cation resources, school culture and modern teaching methods for a holistic education.
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.
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.
trade, they could decline by 0.134 percent, 0.323 percent and 0.869 percent. Th
e US tariff hikes therefore will increase the economic pain of the US and world economies.
Agricultural products, chemicals and chemical products, textiles and g
arments are the main US items targeted by China’s higher tariffs. But despite the higher tar
iffs providing some protection for domestic industries, Chinese consumers might have to pay more to purchase them.
In the first four months of this year, the volume of Sino-US trade dropped by 15.7 percent to $161.23 billion. In terms of product
structure, US exports of raw materials and foods to China saw the biggest decline, among which the export of so
ybeans plummeted by half in March compared with the same period last year. And US exports of plant products, mi
nerals, jewelry and precious metals declined by more than 85 percent in the first quarter.
ward underground to Lize Financial Business Area, which is about 3.5 km from Caoqiao Statio
n, so passengers can transfer to Line 14 and Line 16, which are under construction, and Line 11, which is planned.
Masood Khalid, Pakistani ambassador to China, said Chinese culture is a reflection of the cou
ntry’s long and rich history. “It is a civilization that has made an imprint on global culture,” he said.
The ambassador listed a variety of manifestations of Chinese culture, which include Chinese cuisine, dance, art, and costume.
“The way Chinese people attach importance to their family and their children, lookin
g after the elderly – all these practices and traditions have been inherited over time,” he said. “Then after har
d work, they come together with their families and friends.”
A city terminal will be established in the Lize Financial Business Area, p
roviding check-in and luggage check services. Passengers will enjoy more convenience with
the ability to check their luggage and get their boarding passes before they arrive at the new airport.