On the one hand, judging上海龙凤1314ustrial developme

nt history, the relocation of some manufacturing industries from

上海龙凤1314China to overseas destinations is inevitable given the extent of China’s development. On the other h

and, this phenomenon does not mean China will lose its manufacturing and economic power.上海龙凤1314品茶微信

During the previous five industrial migrations, the economic development of the leading countries that hosted such industries didn’t stop after

some of the traditional sectors relocated to other countries. Instead, they soon saw the rise of new industries, high-end m上海龙凤1314

anufacturing and the service sector-and they are still developed economies. For example, the US is still the world’s larg

上海龙凤1314品茶微信est economy even 60 years after the third industrial migration, while Japan, Germany and Britain are ranked among the

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Relocation speed and scope not alarming

As a country with the world’s largest population, the third-largest territory, and the longest continuous上海龙凤1314

economic growth curve, China’s case will be the same even after the relocation of some of its manufacturing industries.

First, as mentioned above, the speed and scope of the manufacturing units’ relocation from China are not as fast and large as s

上海龙凤1314品茶微信ome people imagine. The industrial relocation from China started after the 2008 global financial crisis br

oke out, accelerated in 2012, and gained pace last year due to the Sino-US trade conflicts.

But the consequences are not expected to be very serious. For instance, from 2008 to 2018, global trade grew at an annual aver

age rate of 2.4 percent, while China saw 6.3 percent annual average export growth, which shows China’s export g上海龙凤1314品茶微信

rowth has been not only steady, but also 3.9 percentage points higher than that of global trade.

As a result, the share of China’s exports in global exports rose from 8.9

percent in 2008 to 12.9 percent in 2018, an increase of 4 percentage points. Which is a clear indica上海龙凤1314

tion that the relocation of manufacturing industries from China is not fast enough to make us feel worried.

Second, the rapid rise of emerging manufacturing industries in China will to a large extent offset t上海龙凤1314

he impact of the relocation of low-end industries on its entire manufacturing industry and e上海龙凤1314品茶微信

conomy. Therefore, China will continue to be a manufacturing and economic powerhouse.

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sitors learn abou上海龙凤1314品茶微信nd techniques to

In addition to th上海龙凤1314品茶微信e exhibition, inheritors of intangible cultural heritages for

m Guizhou demonstrated the production process of the traditional handicrafts. Visitors can enjo

y Guizhou’s liquor and tea while admiring the intangible cultural heritage performances.

hinese restaurant Summer Palace at China World Hotel began serving the Peking roast du

ck last week under the guidance of Chef Yuan Chaoying, a culinary expert specializing in Beijing cuisi

ne. The chef is bringing the golden-brown, mouthwatering dish for customers throughout the summer.

“From the Forbidden City to the Temple of Heaven, Beijing has plenty of incredibl

e sights. But one of the city’s greatest attractions, Peking duck, is actually made in the kitchen,” said Ste

phan Kapek, general manager of the hotel. “Summer Palace now has its own version of this iconic dish.”

The activity is part of the 2019 China Tourism Culture Week, which is hosted by the Ministry of Culture and Tourism. It is t

aking place in 34 China Culture Centers and 19 China National Tourist Offices around the world from May to June.

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“I think there are advantages and opportunities on b

oth sides if we can get people to sit down and really look at how do we put these pieces together,” Holden said.

He listed infrastructure, energy, education and business-to-business relationships as potential areas of coope

ration between China and the US, and he suggested such cooperation could start from subnational bilateral exchanges.

“It’s so important to be working at the state and local level. Because in that fashion, by buildin

g these relationships now, hopefully we get a more stable relationship nationally going forward,” said H

olden.hina’s relevant government department decided to open an investigation into US shipping company Fed

Ex, for suspected infringement of Chinese customers’ legitimate rights and relevant laws and regulations.

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rvices will be provided based on the results of a sur

China will offer customized data services for disaster prevention throug

h its Fengyun meteorological satellites for more countries along the Belt and Road, said a

senior official of the China Meteorological Administration’s National Satellite Meteorological Center.

The services will be provided based on the results of a survey of 81 countries. By the end

of April, 22 countries, including Afghanistan, Pakistan, Iran, Russia, Libya and Sudan, had responded to the survey.

All of the respondents said they wanted to install the application software platforms

of the Fengyun satellites for weather forecasting, as well as climate and environment monitoring.

They also requested a range of services, especially in monitoring rainf

all, droughts, dust storms, heavy fog and lightning, in addition to training courses on F

engyun meteorological satellite data analysis, remote-sensing applications and data collection.

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Disaster-proofing the world’s largest infrastructure ini

nitiative is a challenge, but achievable,” she said, adding that at the heart of this challenge lies great potenti

al for innovation and creativity, such as new disaster risk prediction and analysis, and disaster-resilient infrastructures.

Huang Runqiu, vice-minister of the Ministry of Ecology and Environment, said dis

aster risk reduction of natural hazards along the initiative is crucial for its success and sustainability.

Regions at the heart of the initiative, such as the Tianshan-Pamir Platea

u, the Himalayas, eastern parts of the Qinghai-Tibet Plateau and South Asia, are facing serio

us disaster threats due to tectonic movements, fragile ecosystems and extreme weather, he said.

Henrik Slotte, a senior disaster management expert from the UN Environm

ent Program, said poorly managed infrastructure projects can damage the ecosystem.

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Chinese firms ideal partners on Belt and Road Initiative

Firms from China and the UK are ideal partners in many countries along t

he Belt and Road Initiative, a China-Britain Business Council official said in Beijing.

“The UK has taken a very positive view on seizing these opportunit

ies for UK businesses, particularly our banks, our large consultancy firms and our infr

astructure companies,” said Jeff Astle, managing director of China operations at the council.

British expertise in areas of financial services, banking, legal services, consulting services around engineering pro

vides a broad range of opportunities for UK firms to collaborate with Chinese firms in other countries, Astle said.

“We benefit from many English legal jurisdictions in many

of these countries, the English language and our businesses have long history and experiences in these coun

tries. That means we are a great ideal partner for Chinese firms in many of these Belt and Road counties,” said Astle.

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On the basis of the four China-Japan political documen

s and in the spirit of seeing history as a mirror as well as facing the future, the two nations sho

uld continue to work toward the long-term, healthy and stable development of bilateral relations, he said.

As major economies in the world, China and Japan both support free trade and obey WTO rules, Li said.

He also welcomed Japanese businesses to expand investment in China

as the country will continue to unwaveringly deepen reform and expand opening-up.

China stands ready to move forward with talks with Japan and other rel

ated parties to further the negotiations regarding the Regional Comprehensive Econo

mic Partnership as well as the China-Japan-Republic of Korea Free Trade Agreement, he said.

Li also voiced China’s support for Japan’s hosting of the G20 Summit, which is slated this year

to be held in Osaka, and he hoped it would inject fresh impetus into global economic growth.

Kono expressed his appreciation for efforts made by the Chinese premier in helping return bilateral relations to the right track.

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Cooperation is the best choice for China and the US,” Ga

 said. “This is not only beneficial to the two countries and their peoples, but also conducive to the entire world.”

The words came as the US Department of Commerce reported that the US trade deficit with China narrowed by 6.4 perce

nt to $34.5 billion in January. US goods exports to China dropped 22.3 percent to $7.1 billion, the lowest since Sep

tember 2010, and Chinese imports dropped 9.6 percent to $41.6 billion, the Commerce Department said.

The trade imbalance has been at the center of monthslong tensions between China and the US. Other iss

ues at the top of the list for their consultations include technology transfers and protection of intellectual property rights.

Gao said guaranteeing that companies can pursue technical cooperation based on voluntary principles and business rules is cond

ucive to creating a fair and competitive business environment and promoting high-quality economic development.

“It is in line with China’s need to further deepen reform and opening up,” he said.

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Before the start of the China Cup, Cannavaro said that fans

 and media need to focus on long term development of Chinese soccer instead of what happens at the tournament.

“It’s like building a house-the first job is to build a solid foundation,” he said

“Based on that, we can have success. Compared to Japan and South Korea, their plans started decades ago.

“They are 20 to 25 years ahead of China in terms of their soccer development.”

Another factor was that Cannavaro did not recall China’s best striker, Wu Lei, who is now playing for Espanyol in La Liga.

Other experienced veterans, such as captain Zheng Zhi, were passed over in order to make way for younger players.

Cannavaro said he sought out the opinion of Lippi, who now serves as an adviser, including player selection.

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China, Italy agree to expand legislative exchanges

ROME, March 22 — Visiting President Xi Jinping met with Italian Senate Speaker Maria Elisabetta Alberti

Casellati here Friday on expanding exchanges and cooperation between the two countries’ legislative institutions.

China and Italy have enjoyed a traditional friendship, with the ancient Silk Road closely linking the two peoples, Xi said.

Since they established diplomatic relations nearly 50 years ago, the China-Italy ties have seen healthy and stable devel

opment, and the two countries have become important partners who trust each other and work together, Xi said.

The visit is meant to consolidate the stability and strategic nature of the China-Ita

ly relations in the long term, and comprehensively elevate the level of their mutually beneficial cooperation, Xi said.

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