es it a large exporter of manufactured goods to the US and

Given that the US economy is driven by domestic demand, consumption in particular, instead of exports, a high rate of eco

nomic growth will widen the trade deficit, as it would have to import more products than it exports. In such a situa

tion, the implementation of large-scale infrastructure construction projects would further increase the trade deficit.

To make up for the increasing savings gap, the US needs to introduce and use more foreign ca

pital, which will further enlarge the trade deficit. Therefore, the US cannot simultaneously maintain a high g

rowth rate, invest massively in infrastructure, reduce the trade deficit and restrict the inflow of foreign capital.

What is really questionable is that, despite its contempt for over-regulation of the economy, the US administration has been tryi

ng to impose regulations on international trade, even for its trade partners’ domestic economic management.

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Asked whether China will retaliate by targeting certain US co

 companies, Lu said that as for foreign enterprises operating in Chi

na, there is no need for them to worry as long as their businesses are law-abiding.

S President Donald Trump issued an executive order on Wednesd

ay in which he declared a national economic emergency and banned the technology and

services of “foreign adversaries” deemed to pose “unacceptable risks” to US national security.

The US intention is so obvious that media outlets around the world have without exception interpr

eted this as targeting Huawei, by excluding the Chinese telecommunications giant from US networks.

Washington has repeatedly claimed that Huawei’s equipment poses a security threat, but for all the sound and fury, it sign

ifies nothing, as it has never produced any credible evidence, indeed any evidence at all.

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The conference also saw the launch of a scientific alli

lliance on international disaster risk reduction, which included around 30 institution

s and universities from countries including Italy, Belgium, Nepal, Pakistan and Sri Lanka.

The alliance will serve as a new platform for international coordinati

on and provide scientific support for disaster relief and sustainable development.

The conference was co-hosted by the Chinese Academy of Sciences, the China Association for Science and Technology, the U

nited Nations Environment Program, the UN Office for Disaster Risk Reduction and the Alliance of Int

ernational Science Organizations, a group created to connect the scientific communities of BRI participants.

Bai Chunli, president of the academy, said in the conference’s opening ceremony on Saturday that areas along the Si

lk Road are prone to various natural disasters that have resulted in massive loss of life and economic damage.

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anqing and Zhangjiakou are preparing another venues, in

including existing ski resorts and some newly built projects, to host all eight Olympic snow sports

in 2022. The three clusters will be connected by a new high-speed railway, which will be completed by t

he end of this year. It looks beyond the Games to boost future winter sports tourism.

According to the organizing committee, all 26 venues for 2022 will be ready by June next year with the f

irst test event, a World Cup skiing series, scheduled to be held in Yanqing’s National Alpine Skiing Center in February.

About 90 percent of the earth moving work for the mountain center is now complete, and a 53-hecta

re forest reserve has been built nearby for transplantation of all the trees affected by the construction.

“The preparations are ready to step up to the next stage, from planning to

the readiness phase. Beijing is ahead in the race against time,” said Liu Yumin, dire

ctor of the planning, construction and sustainable development department of the 2022 Olympic Organizing Committee.

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China has exercised great restraint and goodwill in

trying to maintain stable relations with the US,” he said.

Li Haidong, a professor of US studies at China Foreign Affairs Universi

ty, said Washington has pushed a hard line in relations with Beijing in recent years.

“The Taiwan question is much more complicated and nonnegotiable,” Li said.

“If the US side continues to misinterpret the one-­China policy, it will irreparably damage Sino­-US ties,” he warned.

The US Senate will have to vote on the act before it can become law. The time of the vote is unknown.

“The consensus among US officials is to be tough on China, and room for rational option

s is rapidly shrinking as overconfidence and rash actions become the new norm,” he said.

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Australia and Canada remain the third and fourth most p

popular destinations for overseas study, accounting for 18 percent and 1

6 percent respectively, followed by Hong Kong, Germany and Japan, the report found.

The report was based on a survey conducted by Vision Overseas Consulting Co, a subsidiary of New Oriental Education and Technolo

gy Group and Kantar Millward Brown in January and February. The survey covered 6,228 students who plan to go to school ove

rseas or have returned to China after graduation, and their parents. It is the fifth consecutive year the report was released.

Sun Tao, president of Vision Overseas Consulting Co, said: “More students chose to go to the UK for overseas study b

ecause of its high-quality higher education institutions and relatively lower costs compared with the US.”

Many UK universities now offer one-year master’s program, which can

greatly decrease the students’ cost, he said, adding that the UK government has also im

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Those involved in the BRI will strengthen synerg

y in development plans and initiatives of various countries and international organizations and in

tensify bilateral and the third-party market cooperation to help more countries raise their level of connectivity, Xi said.

He added that participants agreed that Belt and Road forums are an important platform for multilateral co

operation and should be held on a regular basis.

President calls for countries’ joint efforts in building Belt, Road in forum speech

President Xi Jinping pledged on Friday to take strong measures such as easing market

access for foreign capital and increasing imports to promote the higher-level opening-up of the country.

While delivering the keynote speech at the opening ceremony of the

Second Belt and Road Forum for International Cooperation in Beijing, Xi said that the p

urpose of building the Belt and Road is to achieve win-win cooperation and common development.

China will increase imports of goods and services on a larger scale, and it will further lower its tariff rates, Xi said.

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It’s time high-tech and internet companies designed a reaso

onable salary system to motivate their employees to give full play to their creativity and pro

ductivity, instead of forcing the workers to work long hours without adequate remuneration.

Chinese internet firms should learn from the managerial experiences of their foreign counterparts such

as Google and Facebook to incentivize their staff if they want them to work overtime and improve their productivity.

Huang Wei, a lawyer at Zhejiang Shenggang Law FirmWorkers’ rights and interests must not be compromised

The average leisure an average Chinese person enjoys is 2.27 h

ours a day compared with about 5 hours in developed countries suc

h as the United States, according to a research conducted by the Chinese Academy of Social Sciences.

Due to the “996” schedule in some high-tech and internet companies, the workers have even less leisure time, which affects not only t

heir daily life but also their health. Worse, many workers don’t even get paid for the extra work they do.

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The capital will carry out supportive policies on finan

 land and talent recruitment to attract companies and people engaged in high-end industries to settle down in the city, he added.

Furthermore, Beijing will guide districts to cultivate different industries to avoid repetition and overlap.

Beijing’s Haidian district focuses on high-tech development and innovation. It realized a GDP of 648 billi

on yuan ($96 billion) in 2018, eight times the average district’s level in the city. GDP per capita in the

district reached $28,000, or eight times the standard of moderately developed countries.

At present, the tertiary sector has become the biggest contributor to Haidian’s economy, whic

h now makes up around 90 percent of the total and is similar to levels in New York and Tokyo.

Innovative and capital-intensive industries such as information technology, finance and education provide

the bulk of Haidian’s GDP. The district has attracted several well-known domestic and overseas companies inclu

ding 31 unicorn enterprises — startups worth more than $1 billion — and 933 listed enterprises.

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Thursday’s defeat-the first test of newly appointed coach

 Fabio Cannavaro who is also helming CSL side Guangzhou Evergrande-was harder to swallow becau

se Team China had defeated Thailand in the round of 16 at the Asian Cup in the United Arab Emirates in January.

The 45-year-old Cannavaro, who took over from compatriot Marcello Lippi last week, ha

s made headlines and triggered controversy because of the dual club-and-country role.

“China now has the financial power to bring the best coach to manag

e its team, but that cannot bring any improvement overnight,” Cannavaro said after the loss.

“You need to set up a sustainable system in order to develop soccer over the long term.

“China cannot improve with only good tactics. I found that problem

during this year’s Asian Cup. And what I saw tonight confirmed my judgment.”

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