trying to emulate the impressive growth of developing economies before them. An underperformi
ng global economy, and rising national and international tensions, will make that task even harder. If th
e world is serious about reducing poverty further, it must pay far more attention to their progress.
he US has repeatedly threatened to impose tariffs on about $300 billion of Chinese ex
ports to the United States. China showed the greatest sincerity in the Sino-US trade
talks and refused wild demands by the US side, said Foreign Ministry spokesman Geng Shuang on Tuesday.
China has become the most popular investment destination for global companies, since the country launched its reform and opening-up policy, said Geng Shuang.
The companies will choose which countries to invest in, or which partners to coope
rate with based on their interests and market rules. No words can influence them, Geng said.
China welcomes foreign companies to increase investment in the country, and the country will continue gi
ving efforts to create a more stable, fair, transparent and predictable business environment for foreign investors, said Geng.
ople. However, neither the US nor China can expect to keep, much less get back, low-wage, low-skilled manufacturing jobs.
Many people have the impression that Chinese goods are dominant in US markets. That is true only in a few highly com
petitive, low-profit sectors. According to US Commerce Department data, China has more than 50 percent of the
US market in such items as umbrellas, toys, prepared feathers, footwear, straw products, and bedding.
Chinese exporters have from 20 to 50 percent of the US market in ot
her low-value-added markets, plus electrical machinery and equipment, mechanical app
liances, and iron and steel. In most other categories, China has less than 20 percent of the US market.
China also assembles and then exports a lot of phones, computers and other gad
gets to the US. But, most of the profits and wages go to Japanese or South Korean componen
Wang Yang, an analyst with Soochow Securities based in Suzhou, Jia
ngsu province, said that apart from the economic recovery underpinned by su
pportive policies, cyclical factors also imply that earnings growth will continue to recover in the rest of the year.
According to Wang, the current profit cycle of A-share companies started from 2
016 and should end with recovery this year, as the cycles usually last for 12 to 14 quarters.
This year’s gradual recovery in earnings growth could help the A-share market to withstan
d external uncertainties, said Yan Xiang, an analyst with Shenzhen-based Guosen Securities.
“It is quite different from 2018 when earnings growth of most companies deteriorated. Earn
ings growth, a determinant of the market trend, is likely to be on the recovery path,” Yan said in a note.
technology in China and people’s heavy use of online shopping, mobile payment and
banking services have allowed e-visa services to take root quickly in the country.
“Such services, which save the time and trouble of sending passports and paper documents back and fort
h, suit the young groups, who usually don’t plan for a trip far ahe
ad of time,” said Li Ailing, founder of lvyouquan.com, which provides tourism information to agencies.
Objectivity and impartiality were emphasized in the latest draft revisions to the Jud
ges Law and the Procurators Law submitted to China’s top legislature for review on Saturday.
According to the drafts, judges should adjudicate based on facts an
d the law, guided by objectivity and impartiality. Procurators should do the same.
Procurators must strictly ensure that crimes are punished only
under the law, and protect human rights. They must prosec
ute criminals while protecting the innocent from criminal prosecution, the draft revisions say.
eholds consisted of renters, but today owners are in the majority, with the 2013 American Hou
sing Survey reporting that 54 percent of single-person households were owner-occupied.
According to the survey, between 2003 and 2013, owners accounted for 55 percent of the growth in single-person househo
ds. And among single-person households led by someone under the age of 45, two thirds are renters, but among single-
person households with someone over the age of 65, owners are a 70 percent majority.
Single-person households tend to spend more on housing than ot
hers, and these households may prefer to rent rather tha
n buy houses. And even if they do buy a house, the preference is for multifamily homes
rather than single-family ones, according to Deloitte senior US economist Daniel Bachman.
That may influence the structure of the housing market, which is still recovering from the im
pact of the recession of 2008 and recent changes in housing finance, Bachman wrote in an article.