The US’ trade deficit stems from its extremely low natio

nal savings rate and has to be compensated by other countries’ national savings, which in tu

rn adds to the trade deficit. On the other hand, China’s efficiency in the manufacturing industry makes it a lar

ge exporter of manufactured goods to the US and helps it sustain its high savings rate.

A high growth rate means higher trade deficit for US

Given that the US economy is driven by domestic demand, consumpt

ion in particular, instead of exports, a high rate of ec

onomic growth will widen the trade deficit, as it would have to import more products than it exports. In such a sit

uation, the implementation of large-scale infrastructure construction projects would further increase the trade deficit.

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screenshot of the “father sharing” mini programher” is also

While some netizens praised the story, others felt cheated for the home decoration advertisement afte

r the video. Jiang Luxian, a lawyer from Chengdu, Sichuan province, said the advertisement probably violates relevant provisions of the A

dvertising Law, and the creativity of “sharing father” is also improper for public order and traditions.

Oppein, the creator behind the promotion, however, said on social media that

it hoped everyone would pay attention to the lack of father figures, and return to the family for love.

“Everything can be shared in this era, apart from family love,” the company said.

China’s foreign direct investment climbed 6.4 percent year-on-year to 305.24 billio

n yuan ($44.38 billion) in the first four months, the Ministry of Commerce said Thursday.

Meanwhile, investment from South Korea, the United States and Germany in Chin

a grew 114.1 percent, 24.3 percent and 101.1 percent year-on-year, respectively.

In April alone, FDI amounted to 62.95 billion yuan, up 6.3 percent year-on-year.

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Boosting rural areas will help solve dilemmas of ove

rcrowding and rampant construction plaguing cities, and the development of cities will also offer unique ways to bring about rural revitalization,” Chen said.

“As restrictions on hukou will gradually be removed, cities need to be well-prepared to offer

accommodation and employment opportunities, and allow children of migrant workers to have equal access to education,” Chen added.

China has made steady progress in urbanization, as the ranks of permanent urban r

esidents stood at 831 million at the end of 2018, up 17.9 million from the previous year, said the National Bureau of Statistics.

Last month, the National Development and Reform Commission said it

plans to increase the urbanization rate by at least 1 percentage point by the end of this year.

Shen Chi, vice-director of the China Center for Urban Development, said the government’s new

plan will help foster high-quality and sustainable economic development across the nation.

“Relaxing the hukou policy will be a key step in promoting the free flow of labor across

the nation,” Shen said. “A systematic consideration and arrangement of the integratio

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Kim Jong-un says 3rd summit with Trump possible

PYONGYANG – Kim Jong-un, top leader of the Democratic People’s Repub

lic of Korea (DPRK), said he is willing to meet the US president again on certain cond

itions, the official Korean Central News Agency (KCNA) reported on Saturday.

Kim made the remarks in his policy speech marking the First Session of the 14th Supreme People’s Assembly (SPA) on Frid

ay, a day after he was re-elected as chairman of the DPRK’s State Affairs Commission (SAC).

“If the United States adopts a correct posture and comes to the third DPRK-US summit with a certain methodology that can be shar

ed with us, we can think of holding one more (round of) talks,” Kim said. “It is necessary for both sides not to table t

heir unilateral demands but find out a constructive solution to meet each other’s interests.”

The top leader said he will “wait for a bold decision” from Trump “with patience till the end of this year.”

In his speech, Kim blamed the United States for only considering

its own interests during the second DPRK-US Summit in Vietnam’s Hanoi this Febru

ary. This has led the DPRK to question Trump’s willingness to improve relations with the DPRK.

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She said she hoped to hold a third vote on the agreement l

later this week and was working to build support for the deal, which sets out the terms of withdrawing from the EU and the outline of future relations with the bloc.

May warned opponents that continuing to reject the deal could lead to a “slow Brexit” that postpones the country’s departure indefinitely.

With the March 29 Brexit day set almost two years ago days away and the withdr

awaal agreement lacking Parliament’s approval, European leaders agreed to a postponement last week to avoid a ch

aotic cliff-edge departure that would be disruptive for the world’s biggest trading bloc and deeply damaging for Britain.

However, the EU granted a shorter delay than May sought. It said if Parliament approves

the proposed divorce deal, the UK would leave the EU on May 22. If not, the government has until April 12 to tell the

27 remaining EU countries what it plans to do – leave without a deal, cancel Brexit or chart a path to a new option.

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After decades of rapid GDP growth, China’s economy has en

entered a new era of moderately slowing expansion and a transition to a high-quality grow

h model. That has pushed economists to reconsider some long-term issues, such as whether the economy wo

uld cool down sharply before a considerable rise in wealth, especially after a period of fast growth.

“The key method to ensure China’s role as a high-income cou

ntry is to adjust industrial structures and promote productivity,” said Zhu Min, an inf

luential Chinese economist and former deputy managing director at the International Monetary Fund.

High-tech manufacturing, the service industry and the digital economy will be the new engines

for the economy, while some traditional driving forces, such as injecting funds into the market, are losing momentum, Zhu said.

China’s total GDP exceeded 90 trillion yuan ($13.4 trillion) in 2018, and the per cap

ita GDP was about $9,700. Economists predict that if the country maintains growth of at least 6 percent th

is year, which is likely given the current momentum, its per capita GDP this year would surpass $10,000.

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Xi stresses role of finance in serving real economyBEIJING

general secretary of the Communist Party of China (CPC) Central Committee, underscored that China should deepen supply-side

structural reform in the financial sector and strengthen the sector’s ability to serve the real economy.

Xi made the remarks when presiding over a group study session of the CPC Central Committee Political Bureau Friday afternoon.

The country should keep a fine balance between maintaining growth and forestalling risks and deal with risks in key areas

in a targeted and effective manner, he said, adding that China should deepen opening-up of the financial sector.

Xie Duo, Party secretary and chairman of Silk Road Fund Co., Ltd, briefed on the issue and made suggestions.

Xi pointed out that finance is a core competitiveness of a country, financial security is an im

portant part of national security, and the financial system is a major fundamental system in the process of economic and social development.

ezgpui191.cn

In their article, the Conservative ministers warned that econom

  national security, and peace in Northern Ireland would be compromised in the case of a no-d

eal Brexit, and added the scenario would risk inflaming the nationalist sentiment in Scotland.

  ”Far from Brexit resulting in a newly independent United Kingdom, stepping boldly into t

he wider world, crashing out on March 29 would see us poorer, less secure and potentially splitting up,” they write.

  Rudd, Clark and Gauke also cautioned members of the European Research Gro

up (ERG), a Parliamentary alliance whose members advocate for a no-deal Brexit and have previously voted do

wn May’s deal, that their lack of cooperation would be responsible for a postponement in the Brexit process.

  ”It is time that many of our Conservative parliamentary colleagues in the ERG recognized that Parliament will stop a disastrous No Deal Brexit on Mar

ch 29. If that happens, they will have no one to blame but themselves for delaying Brexit,” they wrote.

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Because of sanctions, Iran’s health sector is struggling to

  keep up with soaring prices of medications and medical instruments, doctors tell CNN.

  European banks, fearing secondary US penalties, are reluctant to do business with Iranian companies even those not blacklisted b

y the US. Medical companies have had to resort to paying intermediaries exorbitant sums to secure ne

eded supplies, including imported medicines and medical instruments which have more than tripled in value du

ring Iran’s rapidly dropping currency, health professionals explain.Sanctions is the first problem in our country and in ou

r system. We can’t transfer the money and make the preparations for surgery. It’s a big problem for us,” says Dr. Mo

hammad Hassan Bani Asad, managing director of the Gandhi Hotel Hospital. “We have the procedures, but we don’t hav

e the instruments. It is very difficult for patients and maybe leads to death of some patients.”

  Though most of Iran’s medicines are domestically manufactured, much of the primary materials, m

any of them imported, are in short supply. And while the state provides universal healthcare, so

me of the treatment needed for critical cases cannot be covered by state insurance.

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The corridor includes a network of highways, railways and

infrastructure and Gwadar is an important part of it. Pakistan has been trying to get the assistance needed for development and di

versify sources of investment from many countries such as Saudi Arabia and Qatar. Gwadar is not an exclusive platform.

The China-funded CPEC helps build the infrastructure at the port, and the improved condition

will attract more investment which then in turn boosts the development of Gwadar and the whole of Pa

kistan. Inclusiveness and multilateral cooperation are exactly the ideas that the BRI champions.

Admittedly, geostrategic competition is prevailing in the region. If added with the different inter

t demands of Afghanistan and Iran and the historical enmity between India and Pakistan, the region can be one of the most volatile plac

es in the world. Joint development is the only path that could lead the region into long-term peace and stability. This is also the broader objective of the BRI.

China hopes that all the investment coming into the region can be connected so as to be best utilized. Regional countri

es should enhance cooperation via coordination. Meanwhile, all should hold an open attitude toward investment from outside the region.

As each regional power vies for a foothold and seeks its development, both competition and cooperation feature in this process. All

the countries face the question of how to turn strategic hedging into benign competition. The BRI provides the answer.

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