Month: May 2019
Three officials in Wuxi, East China’s Jiangsu province, have been given Party and administrative
punishments on Thursday over an inappropriate question about whether kindergarten children wer
e involved in gangs, the local government said on its official Wechat account.
According to the government of Wuxi’s Xishan district, Feng Dongyan, director and Party ch
ief of the Xishan Education Bureau, has been given the punishment of warning within the Party.
Wang Zhaoyu, director of the educational bureau’s general office, has been given a serious war
ning within the Party and removed from office. Lu Zhongxian, director of the bureau’s educational equ
ipment and student aid management center, was also given a serious warning and dismissed.
President Xi Jinping’s upcoming visit to Russia reflects close cooperation between China and Russia, which is impo
rtant to maintain the stability of the international community amid rising uncertainties, analysts said.
Xi will make a state visit to Russia from June 5 to 7 and attend the 23rd St. Petersburg Inter
national Economic Forum, Foreign Ministry spokesman Lu Kang announced on Wednesday.
The trip is part of the annual exchange of visits between the two countries’
heads of state, after Russian President Vladimir Putin attended the Second Belt and Road For
um for International Cooperation in Beijing in April and had talks with Xi on the sidelines.
The visit will further display the strength of bilateral ties, which are developing “very good” momentum both politically and
economically, said Ruan Zongze, vice-president of the China Institute of International Studies.
September. The two countries should continue to understand, trust an
d support each other on issues related to core interests and major concerns, Xi sa
id, adding that the two sides should share more experiences on governance and development. Xi called on the two nat
ions to enhance connections under the frameworks of the Belt and Road Initiative and FOCAC.
China will continue to support Niger to fight terrorism and safeguard regional peace and stabilit
y, Xi said. China would like to help Niger improve its people’s livelihood through such measures as m
edical assistance and via exchanges in areas including culture, youth, women and think tanks.
Mutual understanding between the people of both nations should also
be promoted, Xi said. He stressed that as long as all countries stick to the dev
elopment paths that suit their own national situations, make joint efforts to build the Belt and Road and remain dedi
cated to fulfilling the goal of building a community with a shared future for mankind, they will definitely achieve success.
ears to be stabilizing on the back of recently enhanced supportive measures.
The report expanded the number of countries it scrutinizes for curr
ency manipulation to 21 from 12. Countries with a current account surplus with the US e
quivalent to 2 percent of GDP were put on the watch list, compared with 3 percent of GDP before.
China didn’t meet the “currency manipulator” criteria listed by the US Treasury, but Washi
ngton will continue assessing the RMB’s performance given China’s large trade surplus with the US, the report said.
The US Treasury removed India from the watch list, while it added Singapore, Malaysia and Vietnam.
“Chinese authorities have not used the exchange rate in prior easing
cycles to support growth, and they are unlikely to do so now, as this could pose macr
oeconomic stability risk,” said Andrew Fennell, lead sovereign analyst for China at Fitch Ratings.
ed by 8.4 percentage points, as the global financial crisis caused demands to fall drastically. It i
s possible that the Sino-US trade dispute could have a similar impact on the job market.
So the government should implement an expansionary macroeconomic policy to create a loose em
ployment environment and better implement social security measures to cope with frictional u
nemployment and the structural employment problem of college graduates.
To offset the possible negative impact of the Sino-US trade dispute on college graduates’ employment, the government sho
uld also expand post-graduate enrollment, increase internships for unemployed college graduates and imp
lement favorable policies to ease the enterprises’ financial burden so they can recruit more employees.
has taken a tougher line on protection of agriculture. France, for example, is opposed to including agriculture in transatlantic trade talks.
The Greens are one of the big winners in the elections (even beating Germ
any’s Social democrats into second place), and they will seek to impose strict conditions reg
arding climate change, the environment and human rights on future trade deals. This attitude will also make it dif
ficult to agree a new trade deal with the US, as it has not endorsed the 2015 Paris climate agreement.
Although the nationalist and populist parties now have more seats, it does not mean they will form a united front in the EP. Th
ere are divisions on trade, on the environment and on dealing with China. Some of these parties, such as the Na
tional Front, are seen as firm opponents of free trade, whereas Alternative for Germany and Matteo Sal
vini’s Lega Nord in Italy tend to be more supportive (depending on the content of the trade agreement).
m a nationalist point of view and if a trade agreement is seen as overall beneficial for their co
untry, they could support it. For instance, Italy voted in favor of the EU agreement with Japan but again
st the agreement with Canada. The content of the agreement is key. For instance, these parties do not like clauses tha
t curtail the powers of single EU member states, such as the establishment of new regulatory or arbitration bodies.
Another uncertainty is Brexit. Whether it will happen or not? And what might change under
a new British prime minister? The new Brexit Party under Nigel Farage was the clear leader in the EP
election in the United Kingdom, but the UK’s 73 EP members have to leave the EP as soon as Brexit takes place.
uled to become a shareholder of the joint venture by the end of 2019, holding at least 1 percent of i
ts equity. According to Chinese norms, it is mandatory for international brands to produce vehicles in China bearing its names.
Luca de Meo, CEO of SEAT, said: “China is the benchmark country for electric vehicles. We aim to be a part of this ecos
ystem in order to exchange knowledge and make progress in achieving global mobility that is more sustainable.”
Currently, JAC, Volkswagen and SEAT are building a 4 billion yuan ($579 million) research and development center in Hefei, which is expected to open in 2021.
JAC and SEAT also plan to develop their own platform for smaller electric cars, a segment that is growing faster than the large-sized ones in China.
“The close cooperation between SEAT and JAC will allow us to create synergies, which wil
l significantly increase our market coverage,” said Volkswagen CEO Herbert Diess, who is also chairman of SEAT.
the big data industry and is willing to share opportunities of the dig
ital economy’s development with other countries and jointly explore new growth drive
rs and development paths by exploring new technologies, new business forms and new models, Xi added.
With increasingly wider applications of digital technologies in China, the country is expected to genera
te and store 27.8 percent of global online data by 2025, up from 23.4 percent last year, according to a re
port by market researcher International Data Corp and data storage firm Seagate.
In comparison, the US share will stand at 17.5 percent by 2025, a drop from its 21 percent share in 2018, the report added.
United Nations Secretary-General Antonio Guterres said that f
rom medicine to transportation to farming, big data presents the world with a r
emarkable tool to advance global progress, but with that opportunity also comes risk.
ded over Brexit, most agree that it will shape the future of the United Kingdom for generations to come.