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Trade agreements can affect the types of goods being

traded and they can redirect trade toward one country, away

from others. They cannot directly affect any country’s worldwide current account balance. A count

ry that saves less than it invests will have to borrow foreign funds to import foreign goods to make up that difference.

There are two ways to reduce the US trade deficit. A serious recession would reduce investme

nt, but nobody advocates that as a strategy. The only other path is to change the US financial and gove

rnment system to encourage increased savings. China has almost nothing to do with it.

Ironically, the disputes between the US and China center around both nations’ legitimate desires to

protect some current low-skilled jobs, or at least to allow an easier transition to new jobs and industries.

US administration’s economic policy has rightly focused on the need to

retain jobs for working-class people in the US. And, China’s companies that export to the U

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This issue is similar to the environment. External critics

ent. External critics of China don’t appreciate that Chinese themselves realize there

are issues to be addressed. They are doing so. These developments should be encouraged.”

President Xi Jinping, who spoke at the Second Belt and Road Foru

m for International Cooperation in Beijing recen

tly, listed areas in which China will improve the environment for foreign investment.

The president said the nation will work hard to create a business environ

ment that respects the value of intellectual prop

erty, will improve the legal system for IPR protection at all levels, will strengthen law enforcement and pr

otection for the legitimate rights and interests of foreign IP owners and will bar the

forced transfer of technology, improve protection of trade secrets and crack down on infringement.

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Before the drug was available on the Chinese mai

nland, there was little effective therapy for the disease, and patients depended mainly on treat

ment such as respiratory and nutrition supports, said Xiong Hui, Beijing Medical Association rare disease c

ommittee member and Peking University First Hospital deputy director of pediatrics.

Spinraza debuted on the Chinese mainland having been fast-tracked through the marke

t approval process for rare disease drugs, which, available overseas since July, are urgently needed in China.

The drug began the approval process in September and was issued a license in February.

Premier Li Keqiang said in February that the government will step up efforts to gua

rantee more than 20 million rare disease patients have access to required medication.

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Thus, another feather in China’s cap is its establishme

nt of a comprehensive social security system in record time. Having set up the foundation,

it can now focus on targeted improvements. For example, in 2017, China provided special funds for pre-preg

nancy and other medical checkups for women, benefiting 12 million women, or 91.7 percent of the target group.

The country’s modernization could not have occurred without the people increasing their capabilities. Beyond general educ

ation for the population, the government has increased the knowledge and experience of officials to be at the fore

front of solving problems. Specialist schools and academies have been set up in multiple fields, including a national soci

al security school in Beijing to build the capacity of social security officers across the nation.

It is the totality of the Chinese experience over the past four decades, in rebuilding the

country in so many ways, that has become an inspiration for other countries. C

hina has been a diligent student learning from others. Today, it also has many experiences to share with the world.

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Fourth, the daunting challenges that China faces at this po

point in its economic development are far more important than whether its slowdown is

a gap or a trap. What comes after the catch-up to advanced economies operating on the technological frontier? This

is where China’s stated goal of shifting from imported to indigenous innovation comes in. Middle-versus high-inco

me status is a relative comparison for developing economies seeking to operate on that frontier. Notwithstanding the

temporary effects of periodic exogenous disturbances-such as deleveraging, global slowdowns, or even trad

e wars-catching up to the frontier and joining others pushing to move beyond it is the ultimate reward of economic development. That goal is ensh

rined in President Xi Jinping’s aspiration for China to achieve high-income status by 2050.

And fifth, productivity growth is far more important than GDP gro

wth in determining a country’s development prospects. As such, I would be far more wor

ried about China falling into a productivity trap than a GDP growth trap. A new study on total factor prod

uctivity (TFP) by a team of Chinese researchers offers some comfort here. Like the work of Pritchett and Summers, thi

s latest assessment of Chinese TFP growth reveals several discontinuities over the past 40 years.

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The Italian Senate warmly welcomes Xi for his visit, Casell

llati said, noting that the Italian and Chinese peoples have always trusted each other and

maintained profound friendship, with close ties in such fields as economy and trade, and culture.

The Senate speaker said she agrees with Xi on his remarks about the traditional friendly exchanges between the two cou

ntries dating back over 2,000 years, published in leading Italian newspaper Corriere della Sera ahead of his visit.

China and Italy are major countries that boast a rich culture, she said, adding that Italy is willing to boost communication and c

ooperation with the Chinese side in such fields as culture, art, language, heritage protection, tourism, science and tec

hnology, and innovation, and encourage their youths to increase exchanges and mutual understanding.

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New rocket engine to lift heavier satellite loadcommercial

China has developed a world-class solid-propellant rocket engine that is expected to boost the country’s capabilities in launching small satellites, its developer said.

The Academy of Aerospace Solid Propulsion Technology in Xi’an, Shaanxi province, a subsidiary of China Aeros

pace Science and Technology Corp, announced that the first ignition test of the engine was successfully made on Tuesday.

The academy said in a statement that the engine uses several ad

vanced technologies and high-performance composite materials and has world-class capa

bility. It can be used with the country’s new-generation solid-fuel rockets, giving such rockets more power to l

ift small satellites and also promising good competitiveness in the commercial launch market, it said.

The academy said the engine has a diameter of 2.65 meters, contains 71 metric tons of solid p

ropellant and produces 200 tons of thrust-making it the biggest and most powerful known solid

-propellant engine in China. The engine that previously held that distinction is made by the China Aer

ospace Science and Industry Corp Fourth Academy in Wuhan, Hubei province, and produces 180 tons of thrust.

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Shandong first “5 g unmanned bus” on the road test

  On January 22nd, jinan 5 g communication intelligence made auto test road, shandong first “unmanned bus” on

the road test.According to introducing, the bus set automatic car driving system, network system, platform monitoring system, se

curity control system, automatic shutdown system and station automatic parking sy

stem into an organic whole, equipped with laser radar, high-definition cameras,

integrated navigation positioning equipment.Can automatic deceleration, brake lights, and pedestrians.

  Shandong first “5 g unmanned bus” on the road test

  Unmanned bus bridge is equipped with a driver, but his hands and feet don’t operate steering wheel, brakes, clutch device s

uch as a car, just moment monitoring vehicle driving state, to ensure that the test is not unexpected.

  It is understood that the unmanned buses in the future can be widely used in the air

port shuttle buses, BRT road, industrial park, large community (planning), etc. A variety of scenarios.

  Shandong first “5 g unmanned bus” on the road test

  On January 14, the first 5 g bus in chengdu, sichuan province empty test run, the bu

s display marked “5 g first car”, implemented 5 g network on loop to the 28 km full coverage.

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Chen Kun is a very sensitive, delicate, high-performance

Chen Kun is a very sensitive, delicate, high-performance, showing a unique melancholy

temperament. Even playing the soft role of “Yuhua Tian” can surprise many girls.

Recently, when Chen Kun participated in an event, fans and passers-by all knew that Chen Kun would appear.

Everyone was surrounded by three layers of interior and three layers of periphery. When Chen Kun appeared under the

protection of staff and bodyguards, the crowd immediately burst into excitement. Everyone was calling Chen Kun’s name,

hoping that the idol could see his side. Chen Kun wore a black down suit that day. His long black hair was also pinched by a black hairpin. As he walked, he folded his hands together to thank the fans for their enthusiasm.

At first, Chen Kun followed the staff. When he was halfway there, a passer-by shouted, “Yang Kun, how handsome!” As a result, Chen Kun, who had already taken several steps, turned around and corrected the passers-by seriously: Chen Kun, not Yang Kun.

Chen Kun’s serious corrective expression not only made passers-by laugh, but also the assistant beside Chen Kun could not help laughing.

Chen Kun corrected the mistake and looked at the passer-by with a firm eye. Then he was pulled forward by the assistant.

The passer-by nodded and laughed. Estimate is also a slip of the tongue, although Yang Kun and Chen Kun

are only one word apart, are also stars, but the difference in appearance is several grades.

On the evening of the 27th, Chen Kunfawen responded suspiciously to the video with the wrong name and wrote,

“When the plane landed, they turned on their mobile phones. I just got up.

I was a little embarrassed to hear my voice in a video. The other party looked up and stayed there for a while.

Suddenly he laughed, and I laughed embarrassingly. The beauty of life lies in coincidence.”

I didn’t expect Chen Kun to be such a real person in private, but do fans like Chen Kun also have new skills to stop idols?

 

Life is full of surprise and happiness.

Knowing how to treat things

with the eyes of looking for

beauty can always find many happy things.

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last chapter closed with the arrival of Li Yue who shouted

the last chapter closed with the arrival of Li Yue who

shouted out falsely that the army was that of the two

arch rebels Li Jue and Guo Si come to capture the imperial cavalcade. But Yang Feng recognized the voice of Li Yue and bade Xu Huang go out to fight him. Xu Huang went and in the first bout the traitor fell. The White Wave rebels scattered, and the travelers got safely through Zhiguan Hills. Here the Governor of Henei, Zhang Yang, supplied them plentifully with food and other necessaries and escorted the Emperor to Zhidao. For his timely help, the Emperor conferred upon Zhang Yang the rank of a Grand Commander. Yang Feng moved his army to the northeast of Luoyang and camped at Yewang.

  Capital Luoyang was presently entered. Within the walls all was destruction. The palaces and halls had been burned, the streets were overgrown with grass and brambles and obstructed by heaps of ruins. The palaces and courts were represented by broken roofs and toppling walls. A small “palace” however was soon built, and therein the officers of court presented their congratulations, standing in the open air among thorn hushes and brambles. The reign style was changed from Prosperous Stability to Rebuilt Tranquillity, the first year (AD 196)。

  the year was grievous with famine. The Luoyang people, even reduced in numbers as they were to a few hundreds, had not enough to eat and they prowled about stripping the bark off trees and grubbing up the roots of plants to satisfy their starving hunger. Officers of the government of all but the highest ranks went out into the country to gather fuel. Many people were crushed by the falling walls of burned houses. At no time during the decadence of Han did misery press harder than at this period.

  A poem written in pity for the sufferings of that time says:

Mortally wounded, the white serpent poured forth its life blood at Mangdang Hills;Blood-red pennons of war waved then in every quarter, Chieftain with chieftain strove and raided each other’s borders, Midst the turmoil and strife the Kingship even was threatened.

Wickedness stalks in a country when the King is a weakling,

Brigandage always is rife,

when a dynasty’s failing, Had one a heart of iron,

wholly devoid of feeling, Yet would one surely

grieve at the sight of such desolation.

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