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Washington’s countervailing measures on Chinese imports violate body’s laws
The United States has challenged the authority of the World Trade Organization by ignoring a上海419
WTO ruling, and such a move may escalate trade tension with China, experts said on Wednesday.
上海419品茶微信The WTO announced on Tuesday that the revised countervailing measures imposed by t
he US on imports of certain products from China were inconsistent with WTO laws.
However, the US failed to comply with the WTO ruling and上海419
accused China of “using State-owned enterprises to subsidize its economy”.
上海419The WTO mechanism is what members use to settle trade disputes, and countries in most cases abide by the rulings made by th
e organization, said Xue Rongjiu, deputy director of the China Society for WTO Studies.上海419品茶微信
“If member economies don’t follow this procedure, the rule-based global multilateral system
will be damaged and threatened by protectionism,” Xue said, adding that under such circumstances, some
上海419members may be forced to also use trade as a geopolitical weapon to ensure their interests.
Upholding the findings of a WTO dispute panel made public in March 2018, a WTO appellate body ruled that the US acted inc
onsistently with its provisions of subsidies and countervailing measures agreement.上海419品茶微信
The Ministry of Commerce urged the US to take immediate and concrete
action to “correct the wrong practices” in the anti-subsidy investigation against China and to c
上海419reate a fair and stable international trading environment for companies from both countries.
“Although both the panel of experts and the appellate body in this case
have ruled that the US countervailing measures violate WTO rules and asked the US to c上海419品茶微信
orrect its action, the US didn’t comply with the WTO ruling and continued to adopt tra上海419
de remedy measures against Chinese products in recent years,” the ministry said in a statement on Tuesday.
China (CPC) Central Committee and chairman of the Central Military Commission, shake
s hands with residents of a community at Songshan District in Chifeng City, Inner Mongolia au上海419
tonomous region, July 15, 2019. Xi went on an inspection tour in Inner Mongolia Monda
上海419品茶微信President Xi Jinping made an inspection tour to North China’s Inner Mongolia autonomous region on Monday.
At a local community in Songshan district of Chifeng city, Xi, also general secretary of the Communist Party of China Central Comm
ittee, learne上海419d about the grassroots party-building work as well as the development of national integration and unity.
Later, he visited the Chifeng Museum, where he was briefed on the evolution of local
history and culture of the city and talked with the inheritors of the epic of King Gesar.上海419品茶微信
The Gesar epic tradition was listed as a World Intangible Cultural Heritage in 2009.
上海419Country still has room to render policy support for economic growth, World Bank official says
China’s GDP growth slowed to 6.2 percent year-on-year in the second quarter, its slowest pace in the 27 years since qua
rterly record keeping began. But analysts said the brisk retail sales growth and stable employment, together wi上海419品茶微信
th possible support measures to be rolled out in the second half, will help bolster full-year growth.
Growth in the April-June period was 0.2 percentage point lower than the first quarter. GDP g上海419
rowth came in at 6.3 percent in the first half, the National Bureau of Statistics said on Monday.
上海419品茶微信Retail sales rose by a higher-than-expected 9.8 percent year-on-year in June, the fastest sinc
e March 2018, and increased by 8.4 percent year-on-year in the first half, compared with 8.3 percent in the first quarter.上海419
Industrial output rose by 6.3 percent year-on-year in June, beating general market expectatio
ns, compared with 5 percent in the previous month, the NBS said. But in the first half, industrial ou上海419品茶微信
tput growth dropped to 6 percent, down from 6.5 percent in the first quarter.
Fixed-asset investment growth was 5.8 percent in the first six months, compared with 6.3 percent in the first quarter, the NBS said.
Mao Shengyong, a spokesman for the NBS, said that “growth remained on tr
ack despite increasing external uncertainties and new downward growth pressure”.
“The 6.3 percent growth in the first half is in line with our expectations
and our full-year forecast of 6.2 percent growth,” said World Bank Country Director for China
Martin Raiser. In fact the data suggest “some stabilization of domestic demand, which is welcome”, Raiser added.
For those who are concerned about China’s economic well-being, the first half-year fig
ures released by the National Bureau of Statistics on Monday may not be enough to relieve them of their worr上海419
ies, especially given the ongoing trade conflict with the United States and weakening global demand.
上海419After all, a 6.2 percent growth in the second quarter — although still within the gove
rnment’s target range of 6-6.5 percent for the year — was the weakest in nearly three decades.上海419
This, together with lukewarm trade readings released on Friday — exports fell 1.3 percent in June from a year earlier and imports dropped 7.3 percent — sugge
sts economic conditions are still severe and, with external uncertainties on the rise, the economy “is under new dow
上海419女神会所nward pressure”, as NBS spokesman Mao Shengyong said at a news conference.
But again, this is really a question of do you see the glass half empty or half full, given that
China remains one of the world’s fastest-growing major economies. While pessimists focus on the diffi
culties, optimists see the silver lining of the Chinese economy’s remarkable resilience given the headwinds it faces.上海419
For example, retail sales, a major gauge of consumption, surged 9.8 percent, much higher than the expected 8.5 percen
t and also the highest since March 2018. Many analysts attribute the progress to the central government’s ef
forts to boost domestic consumption — these range from massive tax cuts of nearly 2 trillion yuan ($291 billion) to the iss上海419女神会所
uance of 2.15 trillion yuan of special bonds by local governments for infrastructure construction.
上海419Other strong data, such as a 6.3-percent increase in industrial output an
d a 5.8-percent rise in January-June fixed asset investment, all indicate that the fund
amentals for steady growth remain unchanged and the government still has ample room for policy maneuvers.
Actually, once last month’s much-better-than-expected gains in retail上海419女神会所
sales, factory output and fixed-asset investment were announced, the market quickly cast its vot
上海419女神会所e of confidence in the Chinese economy. The benchmark Shanghai Composite Index ended 0.4 percent up on Monday a
fter casting off losses that had pushed it down as much as 1.5 percent in the morning ahead of the data release.
The shipbuilding started in March 2018. Niels-Erik Lund, president and CEO of Sunstone, said the progress has been go
ing well, which represents China’s superb management in the shipbuilding industry.上海419品茶微信
Shenzhen in South China’s Guangdong province released 39 measures to further deepen the r上海419
eform and innovation of the Qianhai and Shekou Area of the China (Guangdong) Pilot Free Trade Zone on July 8.
上海419The measures cover four aspects: creating a sound investmen
t environment, improving trade facilitation, promoting financial inn
ovation to serve the real economy, and advancing trials in the field of human resources.上海419品茶微信
To create a sound investment environment and attract more foreign investment, the Qianhai and Shekou Area is a
上海419llowed to introduce innovative tax services in line with international standards. Wholly foreign-owned co
nstruction enterprises in the area, when undertaking Sino-foreign joint construction projects in the province, w
ill be free of restrictions on the proportion of Chinese and foreign investment.上海419品茶微信
The Qianhai and Shekou Area will be granted the administrative authority to register free import and export tech
上海419nology contracts, as well as the record management of imported cosmetics with no special purposes. The ap
plication of single-window platforms for international trade throughout the city, in which cross-border traders can sub
mit regulatory documents at one location, will be promoted in the area to improve trade facilitation.上海419
Financial institutions in the Qianhai and Shekou Area are permitted to handle renminbi derivatives and other busi
上海419品茶微信nesses for overseas agencies in accordance with relevant regulations under the premise of legal compliance an
d controllable risks. The area is also encouraged to carry out pilot work in securitizing intellectual property rights.
The approval authority for the establishment of Sino-foreig上海419
n joint ventures or wholly foreign-funded human resource recruitment agencies wi
上海419品茶微信ll be delegated to the Qianhai and Shekou Area. The area is also authorized to formulate regulations on the man、
agement of professionals from Hong Kong and Macao in accordance with national laws and regulations.
The pilot plan also includes construction of a higher education cluster and synergetic platform which integrates production, teach
The Nanning municipal government and the financial supervision admini上海419
stration of Guangxi Zhuang autonomous region officially issued the Construction Plan of the
上海419品茶微信Financial Opening-up Gateway Nanning Core Area for ASEAN (2019-2023) on July 7.
The plan shows that Guangxi will strive to establish a regional leading financial industrial structure a
nd a distinctive financial industry functional system by 2023, as well as complete the上海419
basic construction of Nanning Core Area, which will serve as the financial opening-up gateway for ASEAN.
上海419品茶微信The plan is divided into six parts, with the scope covering 2.6 square kilometers of Nanning Wuxiang New District and the sur
rounding areas. The key issues are divided into 121 items in 21 sectors. It requires the integration of financial ins
titutions’ business formats and functional types, as well as the construction of financial headquarters, fin上海419
ancial information service areas, financial operation service areas, and science and technology financial industry zones.
The plan focuses on Nanning Core Area, establishing an insurance innovation comprehensive experim
上海419品茶微信ental pilot zone, as well as a green finance reform and innovation demonstration zone. It will bu
ild a regional RMB offshore financial center, regional currency transaction clearing center, as well as a cross-border inv
estment and financing service center. It will create a financial 上海419品茶微信back-office service base, wealth management service base, financial information se
rvice base, and financial exchange training base. It will form a China-ASEAN commodity spot trading market, gold ind
ustry trading market, regional equity investment market, regional property rights trading market, and capital cu
上海419品茶微信ltivation service market. It will improve the area’s building supply, inte
rmediary service, credit reporting service, living service, talent support, and business environment.
The planning period is 2019-2023 and is clearly implemented in three phases: the first phase will be fully launched in 2019; the s上海419
econd phase will be effective by early 2020; and the third phase will be completed by 2023.上海419品茶微信
In the future, Nanning will fully build Nanning Core Area, striving to take the lead in achievi
ng key policies, major projects, and key supporting projects to provide an open financial gateway for ASEAN .
To better preserve the grasslands and reduce environmental degradation caused by grazing
, local herdsmen have returned their lands to nature and resettled in county urban areas. 上海419
In cooperation with China Pacific Insurance Co, the management committee guarantees the conservators with compens
上海419品茶微信ation of up to 300,000 yuan ($43,600), covering injuries and accidents,” said Mou Yonghong, an o
fficial from Sanjiangyuan National Park’s Lancang River Management Committee.
A mechanism for livestock compensation has also been established: each lost cow is compensated with 500 to 1,500 yuan ($70-200), depending on age. 上海419品茶微信
To encourage more residents to take part in environmental protection, the lo
cal government has combined this goal with poverty alleviation. They offer positions of “e
上海419cological conservators” for every registered family, paying each family a monthly subsidy of 1,800 yuan ($260). The co
nservators are responsible for patrolling the lands, collecting and disposing of garbage and monitoring wildlife.
With more people working as conservators, Tsewang Dorje, deputy head of the 上海419品茶微信
ecological management station of Namsei village, noted the overall environmental awareness of l
ocals has progressed, and environmental protection has gradually become part of their lives. 上海419
“We see little rubbish left on the mountains now. Every year bef
上海419品茶微信ore the season for picking chongcao, we train the villagers and ask them to fill in the pits afte
r digging the caterpillar fungus so as to reduce damage to the pasture. They’ve also learned the habit of taking their food wa
ste down the mountains. Their conscientiousness has grown a lot,” he recalled.
“When people’s awareness of the environment improves, my work becomes 上海419
much easier,” echoed Lekga, who has worked as a conservator for three and a half years.
As the environmental status advances, the wildlife population increases. One problem, accordin 上海419品茶微信
g to locals, is damage to houses, livestock and people caused by animals such as brown bears and wolves.
To address such concerns, Sanj 上海419iangyuan National Park’s managem
ent committee has purchased insurance for more than 17,000 ecological conservators.
“I used to be a herder. I moved out from my pasture because I learned lives
tock cause damage to the land,” recalled 50-year-old Dorje Tsering, a Tibetan herd 上海419品茶微信
sman who moved to downtown Yeqing village in Yushu’s Zhidoi county around six years ago.
After relocation, Dorje Tsering and his family now receive an annual sub
sidy of 2,100 yuan ($300) each, paid for by the county government. The family also mak
es money by picking chongcao, or Chinese caterpillar fungus, every year in May and June, as many other villagers do. Cat
erpillar fungus is one of the most precious ingredients in traditional Chinese medicine.
hina will intensify efforts to make its hog farming sector safer and ensure stable supplies after the industry has
上海419been seriously affected by African swine fever outbreaks, the Ministry of Agriculture and Rural Affairs said on Thursday.
“We will place equal importance on disease prevention and control and on pork output to st
abilize hog production and try to guarantee market supplies,” Vice-Minister of Agriculture and Rural Af上海419
fairs Yu Kangzhen said at a news conference organized by the State Council Information Office.上海419
Yu was elaborating on a guideline released by the State Council on Wednesday regarding intensifying prevention and control of African swine fever.
Outbreaks of the fever have been effectively contained in China in recent months following strict controls and prevent
上海419品茶微信ion efforts taken since early August after the first domestic outbreak of the disease was reported. But the co
untry still faces severe challenges in the disease’s prevention and control, and sustained efforts are needed, he said.
Yang Zhenhai, chief of the ministry’s Animal Husbandry and Veterinary Medicine Bureau, said monit上海419
oring has shown the number of live hogs in China fell by nearly 23 percent year-on-year in May due to the outbreaks.
The ministry will work with related authorities to urge local governments to implement policies and m上海419品茶微信
easures designed to support hog raising, including offering preferable loans to hog farmers and cash subsidies to those wh
上海419ose animals were slaughtered due to swine fever prevention and control measures, he said.
The authorities will encourage hog farmers to replenish stock and organize technicians to hel
p them solve problems in hog raising. Meanwhile, the ministry will guide local authorities to help hog fa上海419品茶微信
rms improve waste treatment facilities, and prevent them上海419
The ministry will also support cross-regional transport of pork to replace transport of live pigs－which is still co
mmon practice in many places－to reduce the chance of the spread of disease, Yang said.上海419品茶微信
As of Wednesday, Yu said, 143 swine fever outbreaks had been reported in China, 44 of them this year. To prevent it spre
ading, nearly 1.2 million hogs were slaughtered. Quarantine measures have been lifted in 25 provincial areas, he added.
“In general, the frequency of swine fever outbreaks has noticeably decreased, and hog p
roduction, transport and distribution are gradually being restored,” Yu said.
hinese President Xi Jinping holds a welcome ceremony for Turkish President Recep Tayyip Erdogan
上海419before their talks in Beijing, capital of China, July 2, 2019. Xi held talks with Erdogan at the Great Hall of the People in Beijing on Tuesdhinese President Xi Jinping held talks with his Turkish counterpart Recep Tayyip Erdogan at the Great Hall of the People on Tuesday, pledging more efforts to promote strategic cooperation between the two sides and work for sound bilateral ties.
Last year, China’s per-capita gross national income (GNI) hit $9,732, higher than that of middle income countries, according to a report released by the National Bureau of Statistics Monday.上海419
This year marks the 70th anniversary of the founding of the People’s Republic of China. Over the past seven decades, China’s national economy maintained rapid growth, with a tangible rise in its economic aggregate, the report said.
The report, which elaborates economic and social development achievement since the founding of New China 70 years ago, show
ed China’s GDP was 67.9 billion yuan in 1952, with per-capita GDP of 119 yuan. In 1978, C上海419品茶微信
hina’s GDP rose to 367.9 billion yuan, accounting for 1.8 percent of the global economy and ranking No 11 in the world.
Since the country began to implement reform and opening-up in 1978, China’s economy has maintained rapid growth. Its econo
mic aggregate surpassed 1 trillion yuan in 1986 and 10 trillion yuan in 2000, becoming the sixth-largest economy in the world上海419
. In 2010, China’s economic aggregate was 41.21 trillion yuan, overtaking Japan to become the second-largest economy.
上海419Over the past three years, China’s economic aggregate has topped 70 trillion yuan, 80 trillion yuan and 90 trillion yuan, respectively. Last year, Ch
ina’s economic aggregate reached 90.03 trillion yuan, accounting for nearly 16 percent of the global economy, while its
per-capita GNI reached $9,732, higher than the average level of middle income countries.上海419品茶微信
China’s financial strength has also improved greatly, with big increase in fore
ign reserves. In 1950, China’s fiscal revenue was only 6.2 billion yuan, and the figure rose to 113.2 billion yuan in 1978.上海419品茶微信
Since the country began its reform and opening-up, China has seen a surge in fiscal revenue. In 1999, China’s national fis
cal revenue exceeded 1 trillion yuan for the first time, and reached 11.72 trillion yuan in 2012, and 18.34 trillion yuan in 2
018. Between 1951 and 2018, China registered an average annual growth of 12.5 percent in fiscal revenue, providing st
rong capital guarantee to promote economic development and improve people’s livelihood.
Since the reform and opening-up, China’s foreign exchange reserves have show
ed stable growth. As of 1978, the figure stood at $167 million, ranked 38th in the world. By
the end of 2006, China’s foreign reserves surpassed $1 trillion and become the world’s largest. The figure w
as $3.07 trillion as of the end of last year, ranking at the top worldwide for 13 consecutive years.
Industrial structure continued optimization and upgrade over the past 70 yea
rs. At the early stage of the founding of the country, China’s agricultural production has weak bases, wit
h lower grain output. Since the reform and opening-up, the agricultural economy witnessed rapid development. In
2012, China’s total grain output rose to 612.23 million tons from 304.77 million tons in 1978, while the total output value of ag
riculture, forestry, animal husbandry and fishery increased to 8.63 trillion yuan from 139.7 billion yuan.