The US’ trade deficit stems from its extremely low natio

nal savings rate and has to be compensated by other countries’ national savings, which in tu

rn adds to the trade deficit. On the other hand, China’s efficiency in the manufacturing industry makes it a lar

ge exporter of manufactured goods to the US and helps it sustain its high savings rate.

A high growth rate means higher trade deficit for US

Given that the US economy is driven by domestic demand, consumpt

ion in particular, instead of exports, a high rate of ec

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

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

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Moreover, Washington has forbidden US companie

 to sell chips to ZTE, a Chinese multinational telecommunications equipment and

systems company, even after imposing huge fines on the company. By so doing, the US has act

ually encouraged China to increase investment in its high-tech sector. So, even if China and the US were to strike a de

al, China would be prompted to import lower volumes of energy and agricultural products from the US.

In macroeconomic terms, the China-US trade dispute has added h

uge uncertainties to the US economy and raised the likelihood of recession. Which cou

ld thwart the US president’s chances of being re-elected in 2020. And the trade dispute c

ould prevent the US from taking the measures it intends to in order to consolidate its national power.

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I cannot believe this could happen during the world cha

championships,” said Guan, also President of the Chinese Taekwondo Federation. “This is the first time I have seen such kind of thing.”

Zheng, who had beaten Walkden three times in a row, took a dominant lead of 20-10 in the closin

g stages of the women’s over 73km category final, but the referee disqualified Zheng alleging she had committed 10 fouls during the bout.

Wakden then secured her third successive world taekwondo title by the referee’s punitive declaration.

“Our athlete has worked very hard for this gold medal and it was taken away so easily by the referee. This is very dirty.”

Guan said that the Chinese team will launch an appeal to the World Taekw

ondo, the sport’s world governing body, and the International Olympic Committee (IOC).

“We will definitely appeal to the decision,” he said. “And this refe

ree’s qualification should be stripped of. This scandal is a serious damage to our sport.”

cn-yongan.com


Panda researchers hope algorithms and AI technology will

The app and database will help us gather more precise and well-rounded data on the population, distri

bution, ages, gender ratio, birth and deaths of wild pandas, who live in deep mountains and are hard to tr

ack,” said Chen Peng, a researcher with the base who co-authored a paper on “Giant Panda Face Recognition Using Small Database.”

“It will definitely help us improve efficiency and effectiveness in conservation and management of the animals,” Chen said.

China has carried out four scientific field research project of giant pandas in the wild.

The giant panda was scientifically discovered 150 years ago and n

amed in the city of Ya’an, Sichuan. It remains one of the world’s most endangered species.

The number of captive pandas was 548 globally as of November last y

ear. Fewer than 2,000 pandas live in the wild, mostly in the provinces of Sichuan and Shaanxi.

www.xujiaqing.net.cn


The latest figures from the National Cultural Heritage Administ

stration show China had 5,354 museums by the end of 2018, and museums across the country held some 2

6,000 exhibitions in 2018 and received 1.126 billion people, an increase of 30 percent and 16 percent, respectively.

The International Council of Museums organized the annual I

nternational Museum Day in 1977 to address the changing roles of museums.

Museums across the world are reinventing their roles to become more interacti

ve, audience focused and active in delivering creativity and knowledge to their communities.School students and adult

visitors learn about making prints and carving stamp seals and learn about the appreciation of and technological me

thods being used in the conservation of the age-old buildings at the Palace Museum, May 1

xujiaqing.net.cn


the country will basically realize rural and agricultura

al modernization and ensure that both urban and rural residents enjoy equal public services.

By the middle of this century, digital villages will be completely built nationwide to advance rural revitalization.

To fulfill such targets, the country will accelerate the constructi

on of IT infrastructures in rural areas, upgrading rural internet facilities and information services.

More efforts will be made to boost the rural digital economy, with wider use of digital techno

logies in agriculture and the development of e-commerce and various emerging creative industries in rural regions.

While providing more support for rural technological innovation, the co

untry will strengthen ecological protection in rural areas with digital technologies.

www.cctif.cn


ed it from repaying investors’ principal and interest. La

September, 53 people in the company were transferred for examination and prosecution.u’an, a county in

China’s Hebei province, 50 kilometers away from Beijing’s Tiananmen Square, is looking to build an innovation-driven coun

Emerging fields including online lending, investment, pension services, consumer reb

ates, financial mutual aid and virtual currencies have become “disaster areas” for economic crimes, said Gao.

Since the collapse of P2P online lending platforms beginning last Jun

e, public security authorities have investigated and handled more than 400 illegal fun

draising platforms and arrested more than 60 fugitives from 16 countries and regions.

“To grab excessive profits, the criminals keep changing and upgrading their criminal

methods, which are usually strongly deceptive,” he said. “Investors should be very cautious.”

clevru.cn


At 65 meters in diameter, the radio telescope Tianma-or

 heavenly horse-located in the suburban Songjiang district, is the largest omnibearing movable telescope in Asia an

d is ranked third in the world in comprehensive performance. It began providing celestial observations in 2012.

While Tianma was not directly involved in the observations that led to the black hole image, its ability to see other phenome

na in the universe on certain wavelengths, contributed to the precise calibration of the final data for the image, s

cientists in Shanghai said. Tianma is part of the East Asia Very Long Baseline Interferometry Network, or EAVN.

Shen Zhiqiang, head of the Chinese Academy of Sciences’ S

hanghai Astronomical Observatory and a member of the Event Horizon Telescope (EHT) inter

national team that assembled the black hole image-more than 200 astronomers worldwide linked via a g

lobe-spanning array of eight ground-based radio telescopes-said that the equipme

lanqiaowangluo.cn


Top regulator says economy set for growthand

Transformation of traditional industries speeding up, riding wave of high tech

The Chinese economy is poised for more vigorous growth after gathering new strength through upgrad

es in traditional industries and accelerating the growth of high-tech industries and emerging sectors.

The country will further expand market access with a nationally unified, annually released and timely adjusted negative list for m

ore market vitality, according to the National Development and Reform Commission, China’s top economic regulator.

Meng Wei, spokeswoman of the commission, said at a media conference on Fri

day that China has made steady progress in cultivating new momentum and promoting t

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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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