moment for Treasury Department pronouncements to be credited by
yabo888体育419论坛女神会所market participants. Having seen the United States label China a manipulator, the worl
d will wonder whether and how the United States will get China to change its exchange-rate policies,” Summers wrote.
“If Chinese policies do not change, we will have only demonstrated our impotence to China and the world. Why is that desirable?”yabo888体育419论坛
He ended the article by saying: “There is a final problem with the Trea
sury Department’s manipulation claims. … We have only limited capacity to shape Ch
yabo888体育419论坛女神会所inese behavior. Should we not focus on areas where our position is clearly right and the stakes are high rather than areas w
here our claims are dubious and prosecuting them damages our economy?”
Summers served as treasury secretary in the administration of presidenyabo888体育419论坛
t Bill Clinton and as an economic adviser to former president Barack Obama.
Daniel Ikenson, director of the Cato Institute’s Center for Trade Policy Studies in Washington, said on social m
yabo888体育419论坛edia: “The Chinese did not devalue their currency. The yuan has been depreciating because of the tariffs and it is n
o longer tenable for China to continue to prop up the yuan. There is no manipulation.”
Last week, Trump said he would impose a 10 percent tariff on an additional $300 billion of Chinese goods starting from Sept 1.yabo888体育419论坛女神会所
In response, the yuan fell to a low of just beyond 7-to-1 against the US dollar on Monday. Allowing the yuan to fall red
uces the relative price for Chinese imports and makes US products comparatively more expensive.
yabo888体育419论坛Trump called the action “currency manipulation” and an attempt t
o steal US jobs and depress wages. The Treasury Department designated China a currency m
anipulator, but the US can’t seek formal penalties until it attempts to strike a deal with China.yabo888体育419论坛女神会所
The major stock indexes－the Dow Jones Industrial Average, the Nasdaq c
omposite and the S&P 500－closed up more than 1 percent each on Tuesday. Afte
r Monday’s sell-off, the biggest of the year, Tuesday’s rebound of 312 points put the Dow at 26,023.
The Commissioner’s Office of China’s Foreign Ministry in Hong Kong has lodged stern representations with US Consu
late General on its officer meeting “Hong Kong Independence” activists, a statement on the office’s website said on Thursday.yabo888体育419品茶微信
The statement came after it was reported that an officer at the US Consulate Gene
yabo888体育419ral in Hong Kong and Macao held a meeting with major “Hong Kong Independence” activists.
An official at the Commissioner’s Office urgently summoned a senior official at the US Consulate General to lodge stern repres
entations, expressing strong disapproval and firm opposition, and requiring clarification, according to the statement.
The official of the Commissioner’s Office emphasized that China is rock-firm in upholding natioyabo888体育419
nal sovereignty and security and Hong Kong’s prosperity and stability, and in opposing any inter
ference in Hong Kong affairs by any country, organization or individual in whatever form, the statement said.
yabo888体育419品茶微信We strongly urge the members of the US Consulate General in Hong Kong and Macao to abide by international law and basic
norms governing international relations, including the Vienna Convention on Diplomatic Relations and the
Vienna Convention on Consular Relations, and observe their obligations as consular personnel, said the statement.yabo888体育419
They are urged to immediately make a clean break from anti-China forces who stir up tro
uble in Hong Kong, stop sending out wrong signals to violent offenders, refrain from meddling with
yabo888体育419品茶微信Hong Kong affairs, and avoid going further down the wrong path, said the statement.
China’s foreign trade of goods rose 4.2 percent year-on-year in the first seven m
onths of this year to 17.41 trillion yuan ($2.49 trillion), customs data showed Thursday.
Exports increased 6.7 percent year-on-year to 9.48 trillion yuan during the period,yabo888体育419
while imports grew 1.3 percent to 7.93 trillion yuan, the General Administration of Customs (GAC) said.
China saw its trade surplus widen by 47.4 percent year-on-year to 1.55 trillion yuan during the same period.
yabo888体育419品茶微信China’s trade mix continued to optimize with the general trade growing both in volume a
nd proportion in the January-July period. General trade grew 5.7 percent year-on-year and accounted for 5
9.8 percent of the total trade, 0.8 percentage points higher than the same period of last year.
own in economic growth will result in more sluggish labor demand,” he said.
yabo888体育龙凤He added that the manufacturing sector has been troubled by weak expor
ts and sluggish prices, while the construction sector is suffering from sliding inve
stment. Both sectors played important roles in stabilizing employment, he added.yabo888体育龙凤
The authorities should adopt measures to further improve the business environment, especially for private and smal
yabo888体育龙凤l and medium-sized enterprises, which accounted for more than 90 percent of urban employment.
“It is also important to enable further opening-up in the servic
e sector, especially for finance, education, medical care and telecommunications,” he said.yabo888体育龙凤女神会所
During the second quarter of this year, China’s smartphone shipments totaled 97.9 mil
lion units, down 6.1 percent year-on-year, the latest report from the International Data Corporation showed.
yabo888体育龙凤Smartphone vendors shipped a total of 180 million phones during the first six months, down 5.4 percent from a year earlier.
During the second quarter and the first six months, most manufacturers’ new product relyabo888体育龙凤女神会所
eases and the pace of shipments became faster to some extent, IDC said, adding that Huawei put more effo
yabo888体育龙凤rts into the domestic market and its shipment performance exceeded expectations.
Huawei maintained the top position in the market, with shipment volumes of 36.3 million units, up 27 percent from the year-ago
period. Its market share rose to 37 percent from 27.4 percent. The tech giant was also the only company that regiyabo888体育龙凤女神会所
stered an increase in shipments among the top five smartphone makers, IDC report showed.
Vivo, with shipments of 18.3 million units and a market share of 18.7 percent, came in sec
ond. It was followed by OPPO, whose shipments fell 13.9 percent to 18.2 million units.yabo888体育龙凤
Xiaomi ranked fourth. Its smartphone shipments fell 19.3 percent, the biggest drop amo
ng the top five smartphone makers, to 11.7 million units, with a market share of 11.9 percent.
yabo888体育龙凤女神会所Apple finished the second quarter in the fifth position. Its smartphone shipments fell 6.2 p
ercent to 6.6 million units, while its market share was basically flat at 6.7 percent from a year earlier.
President Xi Jinping has encouraged residents of a mountainous township in Fujian provi
?yabo888体育419nce to continue their unrelenting efforts to consolidate poverty reduction outcomes and achieve rural vitalization.
Xi, who also is general secretary of the Communist Party of China Central Committee and chairman of the Central Military Co?yabo888体育419
mmission, made the remark in a letter replying to residents of the township of Xiadang, in the province’s Shou-ning county.
?yabo888体育419In a letter to Xi, the villagers wrote they had shaken off poverty and e
xpressed their gratitude to the CPC Central Committee and the general secretary.
Xi’s letter, published on Tuesday, recalled the three arduous
journeys he made to the township, saying he still has vivid memories of the area.?yabo888体育419品茶微信
Xi worked in Fujian between 1985 and 2002. He made his first trip to the township to lea
rn about poverty alleviation and provide instructions on the work on July 19, 1989, when he was Par
ty secretary of Ningde. The township was once among the most remote and poorest areas in Ningde.?yabo888体育419
It took him a three-hour car ride and a two-hour walk in scorching sum
mer heat to reach the township, which had no paved roads at the time, according to
Xinhua News Agency. He made another two trips to township, later that year and in 1996.?yabo888体育419品茶微信
Xi expressed his delight after learning that the township had shaken off poverty, and he offered hearty congratulations to villagers.
After 30 years of unremitting efforts, Xiadang has shifted from being almost inaccessible to being easily reached and has?yabo888体育419
been transformed inside and out, with residents having an increasing sense of gains and happiness, Xi said.
It has been a vivid example of the truth of such sayings as, “A slow sp
?yabo888体育419品茶微信arrow should make an early start” and “Little strokes fell great oaks”, he said.
Xi said he hopes the villagers will forge ahead with a persistent spirit, enhance their confi
dence and make sustained and arduous efforts to consolidate the outcomes of poverty reduction.
He also encouraged them to explore a path of rural vitalization with the characteristics of eastern Fujian during the process.?yabo888体育419品茶微信
The letter to Xi was written by six Party members on behalf of all villagers in the township.
Xinhua contributed to this story.
ble-edged sword hurting both sides. We hope that the US will adhere to the basic principles of the
yabo888体育后花园market economy, and take more measures that benefit others as well as itself,” Cong added.
Hong Junjie, a professor of international trade at the University of International Business and Economics in Beijing, said tha
t while China was looking for reasonably priced agricultural products from the US, it was also making targeted adjustyabo888体育后花园女神会所
ments to its supply chain of agricultural imports, largely motivated by the ongoing Sino-US trade dispute.
“This move will not only enhance its food security, but may also further improve the quality of ag
ricultural products, bringing its people more options of farm goods across the world,” Hong added.yabo888体育后花园女神会所
“The US must be aware that China’s purchase of agricultural product
s is only based on reasonable market prices and good quality, and the country certainly
yabo888体育后花园has many choices in global markets,” said Huo Jianguo, vice-chairman of the China Society for WTO Studies.
Huo said it is time for the US to help its farmers sell their products in overseas markets with more policy guarantees.
yabo888体育后花园女神会所”Moreover, the impact has affected to the whole industrial chain. The growing trade tension can only hold back
purchases in the market and cause price competition that damages the market environment,” he said.
On Thursday, the day after the 12th round of trade talks concluded on a “constructive” note, according to US neg
otiators, the US leader threatened to levy 10 percent additional duties on another $300 billion of Chinese goods styabo888体育后花园
arting Sept 1, breaking the promise that it would not impose further tariffs on Chinese imports.
Not being content with that, the White House also had issued a memorandu
m to the United States trade representative demanding it “use all available means toyabo888体育后花园女神会所
secure changes at the WTO that would prevent self-declared developing countries from
rnational businesses, cross-border financial services, frontier technology research and devel
?yabo888体育会所opment and cross-border services trade, and speed up the industrial upgrading of existing companies.
The plan says the new area will be granted greater administrative power for self-development, self-reform and self-innovatio
?yabo888体育会所品茶微信n, and regularly promote its experience to spearhead a new round of reform and opening-up of the Yangtze River Delta.
The government will support the new area to foster more mature institutional and adm
inistrative systems and motivate market entities to participate in the international market, said Wang.?yabo888体育会所
Wang Xin, director of the research bureau of the People’s Bank of China (PBOC), the
country‘s central bank, said the PBOC will actively support the Shanghai Pilot Free Trade Zone construction.?yabo888体育会所品茶微信
The central bank will implement on trial basis more open, convenient and freer financ
e policies in the Lingang area, building a new open and innovative highland of finance, the director added.
hina on Tuesday voiced strong opposition to the US decision to label it “a currency manipulator,” stressing that China has nev?yabo888体育会所
er resorted to competitive devaluation and will not use the currency as a tool to deal with trade disputes.
In a response to the designation, China’s central bank refuted the unilateral move, saying the labe
l does not meet the quantitative criteria for the so-called “currency manipulator” set by the US Treasury.?yabo888体育会所品茶微信
“The US labeling is an arbitrary unilateral and protectionist
practice, which seriously undermines international rules and will significantly i
?yabo888体育会所mpact the global economy and financial markets,” the People’s Bank of China (PBOC) said in an online statement.
US TYPICAL MAXIMUM-PRESSURE TRICK
Ronald Wen, a Hong Kong-based senior banker, said the alleged currency manipulatio?yabo888体育会所品茶微信
n is a new weapon used by the US in the trade friction with China, sending a signal that t
he US-waged trade war is being expanded to more fields, including forex and financial markets.
because China has sufficient resources to counter the challenge, said Zhang Yansheng, forme
yabo888体育千花网r secretary-general of the academic committee of the National Development and Reform Commission.
To protect its interests, China vowed last week that it will take necessary countermeasures if the US tariffs come into force.yabo888体育千花网品茶微信
Zhang warned that China should prepare to deal with an uneasy relationship with the US over the long term, as he thinks the co
nfrontation will persist until 2035, after which they will enter a phase of strategic cooperation and conversation.
“To fight a strong opponent, the key for China is to build a
yabo888体育千花网品茶微信sound environment for innovation, world-class companies and universities,” he said.
Unlike previous rounds of taxing Chinese imports, the US administratio
n is targeting a wide swath of consumer goods, thereby using US families as a hoyabo888体育千花网
stage in trade negotiations, according to Matt Priest, president of the Footwear Distributors and Retailers of America.
Wei Jianguo, former vice-minister of commerce, agreed that additiona
l tariffs on Chinese imports will be passed on to US workers, consumers and companies.
yabo888体育千花网品茶微信Capriciousness will not help the US government improve its position in trade talks with China, but wi
ll harm its reputation, Wei said. He said the US approach of placing extreme pressure on its
trade counterpart won’t work, and China’s core concerns must be addressed during consultations.yabo888体育千花网
China saw encouraging economic growth in the first half, especially in attrac
yabo888体育千花网品茶微信ting foreign direct investment and foreign trade. With its fast-growing ma
nufacturing and service sectors, as well as massive domestic market, the country is capable of withstanding any pr
essure if no deal is reached, said Xue Rongjiu, deputy director of the China Society for WTO Studies.yabo888体育千花网
yabo888体育千花网品茶微信He said Washington should drop its fantasy of pressing Beijing with its same old tricks of maximum pressure. If it tr
uly wants a deal, then it will need to show both real sincerity and actions to prove it can keep its word.
ding unlawful assembly and assault, according to the latest figure given by police.
yabo888体育乌托邦”Violent protesters who breached the law should also be brought to justice,” a government spokesperson said.Pro
testers hold up placards reading “No (Japan)” during a rally against Japan’s decision to remove the Republic of Kore
a from a so-called “white list” of favored export partners, near the Japanese embassy in Seoul on Syabo888体育乌托邦
Waving banners and signs and chanting anti-Japan slogans, thousands of protesters marched in Seoul on Saturday to exp
ress their anger at Japan’s decision to downgrade the Republic of Korea’s trade status amid an escalating diplomatic row.
yabo888体育乌托邦品茶微信Huge crowds swarmed the streets in front of the Japanese embassy, carrying signs that read “Boy
cott Japan” and “No Abe”, referring to Japanese Prime Minister Shinzo Abe. They shouted “We co
ndemn the Abe government” and “Let’s end humiliating South Korea (ROK)-Japan relations”.
The protesters later marched to a nearby boulevard for a candlelight vigil, also calling for the Seyabo888体育乌托邦
oul government to end a military intelligence-sharing pact with Tokyo and fully discard a 2015 deal bet
ween the countries over compensating ROK women who were forced to work in Japan’s World War II military brothels.
yabo888体育乌托邦Police didn’t immediately provide a crowd e
stimate, but organizers said about 15,000 people participated in the rallies.
The protest came a day after Japan’s Cabinet approved the removal of the ROK fro
m a list of countries with preferential trade status, which would require Japaneseyabo888体育乌托邦品茶微信
companies to apply for case-by-case approvals for exports to the ROK of hundreds of items deemed sensitive.
yabo888体育乌托邦The decision followed a July measure to strengthen controls on certain technology e
xports to ROK companies that rely on Japanese materials to produce semiconduc
tors and display screens used in smartphones and TVs, which are key ROK export products.yabo888体育乌托邦品茶微信
Seoul says the Japanese trade curbs could hurt its export-dependent economy and has accused Japan of weaponizing
trade to retaliate over bilateral disputes stemming from their bitter wartime history.
President Xi Jinping meets with foreign leaders invited to multinational naval events ma
yabo888体育419品茶微信rking the 70th anniversary of the founding of the PLA Navy in Qingdao, East China’s Shandong province, on Ap
Forces asked to prioritize work related to troops’ combat readiness, welfare
President Xi Jinping urged the Chinese military to continue reforming its policy system, saying this is crucial to building a world-class force.yabo888体育419
Xi, who is also general secretary of the Communist Party of China Central Committee and
yabo888体育419品茶微信chairman of the Central Military Commission, said at a meeting of the Political Bureau of the CPC Central Co
mmittee on Tuesday in Beijing that reforms of the military policy system are intended to resolve institutional hin
drances to allow the armed forces to better fit into their new roles and fulfill their new missions.yabo888体育419
He said the military must make all-out efforts to push forward reforms of its policy syste
yabo888体育419m, and he urged it to strengthen communication with service members to rally support for reforms.
Xi called for the military to integrate policy system reforms with other parts of the ongyabo888体育419品茶微信
oing military overhaul that have been ongoing for nearly four years. He also asked fo
yabo888体育419rces to prioritize work during reforms that concerns troops’ combat readiness and welfare.
The military should use new ideas and try new methods in reforms
and should also enhance research and appraisal work to facilitate reforms, he said.yabo888体育419品茶微信
Xi said the Party and central government must spare no efforts in supporting reforms a
nd that the military must update the central departments about the reforms’ development.
yabo888体育419The president also extended greetings at the meeting, on behalf of the CPC Central Committee and the Central Military Com
mission, to all members of the People’s Liberation Army and the People’s Armed Police Force as well as militiam
en and reservists as the 92nd anniversary of the founding of the country’s armed forces falls on Thursday.yabo888体育419品茶微信
In another development, Xi promoted 10 senior officers of the armed forces to the rank of general or a
yabo888体育419品茶微信dmiral at a ceremony on Wednesday at the Central Military Commission’s headquarters in Beijing.
In addition, the president recently gave citations and honorary titles to several military units and service members.
Around 1.08 million first-instance court cases on the environment and resources have been registe
yabo888体育龙凤女神会所red in China in the five-year period since the June 2014 establishment of the Adjudication Trib
unal for Environment and Resources at the Supreme People’s Court (SPC), an SPC vice-president said Tuesday.
Jiang Bixin revealed the figure at a press conference marking the fifth anniversary of the aboyabo888体育龙凤
ve-mentioned adjudication tribunal that was created to lead and guide environment- and resources-re
yabo888体育龙凤lated adjudication work across the country, among the SPC’s moves to step up work in the area.
Around 1.03 million cases on the environment and resources we
re concluded by courts of various levels during the same period, he said.yabo888体育龙凤女神会所
The period saw the registration of more than 113,000 new criminal cases on
yabo888体育龙凤the environment and resources and the conclusion of over 108,000 cases of this typ
e amid courts’ intensified crackdown on crimes of polluting and damaging the environment, Jiang said.
Among its efforts to improve systems, mechanisms and ways for environment- and reyabo888体育龙凤女神会所
sources-related adjudication work, the SPC has pushed for steady progress in forming adjudication bodies spe
yabo888体育龙凤cializing in handling cases on the environment and resources at courts of various levels.
As of June 2019, there were a total of 1,201 adjudication bodi
es specializing in handling cases on the environment and resources natioyabo888体育龙凤女神会所
nwide, including 352 adjudication tribunals and 70 circuit courts, according to Jiang.