Category 上海品茶微信

On behalf of our hundreds of millions of footwear cons

sumers and hundreds of thousands of employees, we ask that you im

mediately stop this action to increase their tax burden,” the group said.

The group’s reasoning echoes an earlier comment from David French,

senior vice-president for government relations at the Nat

ional Retail Federation, who said, “Saying that China is paying these tariffs doesn’t hold water.”

About 99 percent of all shoes sold in the US are imported. Last year alo

ne, it imported 2.5 billion pairs, nearly 70 percent of which came from China, ma

king the Asian country the largest source for US shoe imports, according to statistics provided by the FDRA.

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Mired in Brexit deadlock and forced to delay Britain’s M

 March 29 exit from the EU, May’s Conservatives suffered major losses in local election

s this month and are trailing in opinion polls before May 23 European Parliament elections.

With Labour and Brexit-supporting rebels in the Conservatives p

lanning to vote against her deal, it is unlikely to be approved as things stand.

Pro-Brexit Conservative lawmakers were unimpressed with May’s failure to set a firm date to quit. One, who declined to be na

med, described it as “yet further procrastination which is causing appalling damage to the Conservative Party.”

Another, Andrew Bridgen, said May was “an increasingly beleaguered and isolated prim

e minister who is desperate to salvage something from her premiership and is prepared to drive thro

ugh an agreement that would fatally hamstring any future prime minister in negotiations with the EU.”

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Not only are there missing links on the causality chai

 between long-term structural factors and actual economic performance, it is also unclear how long those factors would take to constrain GDP growth to a part

cular level. In fact, 20 years ago, the same long-term factors were used to warn of a possible fall in Chinese GDP growth.

Because of the complexity of China’s growth trajectory, many economists seem to base their assessments of potenti

al on performance. After every drop in China’s GDP growth since the second quarter of 2012-when growth fell be

low 8 percent-economists have emerged to declare that performance was in line with potential.

Difficult to determine potential growth rate

To be sure, there are various estimates of China’s potential growth rate, ranging from 5 perc

ent to 8 percent. But it is difficult to determine which is reliable. For one thing, there is reason to believe that

most estimates fail to discount cyclical factors adequately when calculating the long-term trend.

www.koryoung.com.cn


hina’s growth a source of hope for allong proclaimi

With Chairman Mao Zedong proclaiming the founding of the People’s Republic of China on

Oct 1, 1949, the Chinese people began leaving behind a century of colonial humiliation and building a new life.

What remains poorly understood by the wider world even seven decades later is how dire were

the conditions in China during those days. While China sustained its triumph, Chinese people’s living stan

dard 70 years ago was barely 5 percent relative to their counterparts in the United States.

It was a dire starting point.

Transitions that raised China’s living standard

In the late 1970s, Deng Xiaoping introduced “reform and opening-up” policies

and established special economic zones, which ultimately facilitated China’s entry int

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China’s trade with the US amounted to 815.86 billi

on yuan ($121.7 billion) between January and March, a decrease of 1

1 percent year-on-year, according to the General Administration of Customs.

In March, Sino-US trade climbed 0.1 percent to 291.35 billion yuan, the administration said.

Li Kuiwen, spokesman for the customs authority, said trade tensions between the two cou

ntries have had certain impacts on companies’ operations, but the impact is “generally controllable”.

Li said economic and trade cooperation remains the ballast of Sino-US re

lations, and he is hopeful that China and the US will achieve mutually beneficial results.

China’s economy, despite headwinds, has enjoyed a good start in 2019, and the country

has the confidence to achieve the annual projected growth goal, said the nation’s top economic regulator.

Yuan Da, spokesperson with the National Development and Reform Commission, said the

first quarter’s stable economic development has laid a solid foundation for annual growth.

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AI major now available at universitiesigence-powered

Universities in China will welcome the first group o

f undergraduate students majoring in artificial intelligence in September.

According to a list issued by the Ministry of Education, 35 universities received approval to establish th

e four-year undergraduate AI-related majors amid the country’s drive to build a strong AI talent pool.

They include many prestigious universities such as Beijing Jiao

tong University, Beihang University, Nanjing University and Xi’an Jiaotong University.

Lin Youfang, vice-dean of the School of Computer and Information Technology at Beijing Jiaotong University, said the scho

ol plans to enroll about 30 undergraduate students majoring in AI in September.

There might be more students majoring in AI who transfer from other m

ajors through a selection process if the new major proves to be successful, he said.

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sees big growth in Marcha supermarket in Lianyungang

China’s consumer price index (CPI), a main gauge of inflation, rose 2.3 p

ercent year-on-year in March, the National Bureau of Statistics (NBS) said Thursday.

The increase was up from 1.5 percent in February.

Food prices climbed 4.1 percent year-on-year in March, up from 0.7 perc

ent in February, yet on a month-on-month basis food prices went down 0.9 percent, the NBS said.

Due to low vegetable yields in spring and cold rainy weather, prices of fresh vegetables posted a fast growth of 16.2 perce

nt year-on year in March, contributing 0.42 percentage points to the year-on-year CPI growth.

The growth of the pork price rebounded after declining for 25 consecutive months, rising 5.1 percent year-on-year in March.

On a month-on-month basis, the pork price moderately went up 1.2 percent on average nati

onwide as outbreaks of African swine fever were gradually contained, according to the NBS.

www.koryoung.com.cn


The objective is part of its larger goal, set in 2014, to m

move 100 million rural residents, mostly migrant workers, to cities by 2020.

Under the plan, cities with a population under 3 million should remove all limits on hukou — hous

ehold registration — and cities with populations between 3 million and 5 million should relax restrictio

ns on new migrants. Having hukou in a city generally confers more social benefits on residents.

Megacities including Beijing and Shanghai should improve the points system to qu

alify for household registration, allowing more people to settle in those cities.

“In the future, the main driving force of China’s urbanization will be conferring the benefits of urban

citizenship on rural migrant workers,” said Xu Lin, former director of the NDRC’s development plan

ning department. “In this process, it is key to offering new migrants treatment equal to that of city residents.”

China has made steady progress in urbanization, as permanent urban residents amounted

to 831 million at the end of 2018, up by 17.9 million from the previous year, according to the National Bureau of Statistics.

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The 10 percent deduction rate, which applies to buyers of ag

ricultural goods, will be cut to 9 percent, said the statement.

“The VAT reform is not simply lowering the tax rate, but focusing on the integration with the overall tax reform. It has continued to ma

ke progress toward the long-term goal of establishing a modern VAT system, and it also leaves room for cutting the number of VAT brac

kets from three to two in the future,” said Wang Jianfan, director of the department of taxation under the Ministry of Finance.

To implement the statutory taxation principle, China will also accelerate legislation to deepen VAT reform, Wang said.

The joint statement came after Premier Li Keqiang said on Wednesday that China will imp

lement a series of measures to cut VAT rates and ease the tax burden in almost all industries.

Earlier this month, Li said in his 2019 Government Work Repo

rt that VAT reform was key to improving the tax system and achieving better income distribution.

sh419es.com


Explosive device found in Ireland appears similar to thos

  A “viable improvised explosive device” contained in a plastic envelope was found in

a postal collection center in Limerick, western Ireland, the Irish police said in a statement.

  Police were alerted to a suspicious item shortly after 6 a.m. local time on Friday, authorities said in an earlier statem

ent. The army’s bomb disposal team arrived at the An Post’s collection center at 9:50 a.m. local time, where the package was found.

  ”On arrival a cordon was established and the building was evacuated for the duration of the operation. A viable impr

ovised explosive device contained in a plastic envelope was identified and made safe,” the Irish police statement said.

  London’s Metropolitan Police is cooperating with the Irish police on these investigations, both forces

said in separate statements on Friday. group calling itself the IRA previously claimed responsibility for sending five packages cont

aining improvised explosive devices to the UK earlier in March, but British police said they had only recovered four.

  On March 5, three devices were sent to major London transport hubs — Waterloo Stati

on and offices at Heathrow and City Airports — in what police said appeared to be part of a “linked series.”

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