Footwear makers: cut and run from tariffsrtment at the
US sneaker giant Nike and fancy shoemaker Allen Edmonds have joined the chorus of busines
s groups calling for the White House to hit the brakes on its move to raise duties on Chinese shoes an
d other products, further challenging President Donald Trump’s claim that China is paying for the tariffs.
A week after Trump threatened to impose tariffs on the remaining $300 billion of goods imported from Chi
na, more than 100 American shoe and sneaker companies, brands and retailers signed an open letter to the president saying the p
olicy “would be catastrophic” for consumers, businesses and the US economy.
“Your proposal to add tariffs on all imports from China is ask
ing the American consumer to foot the bill,” said the letter, dated on Monday and signed by
the companies. It was posted on the website of the Footwear Distributors and Retailers of America (FDRA).
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.
Moreover, Washington has forbidden US companie
to sell chips to ZTE, a Chinese multinational telecommunications equipment and
systems company, even after imposing huge fines on the company. By so doing, the US has act
ually encouraged China to increase investment in its high-tech sector. So, even if China and the US were to strike a de
al, China would be prompted to import lower volumes of energy and agricultural products from the US.
In macroeconomic terms, the China-US trade dispute has added h
uge uncertainties to the US economy and raised the likelihood of recession. Which cou
ld thwart the US president’s chances of being re-elected in 2020. And the trade dispute c
ould prevent the US from taking the measures it intends to in order to consolidate its national power.
Panda researchers hope algorithms and AI technology will
The app and database will help us gather more precise and well-rounded data on the population, distri
bution, ages, gender ratio, birth and deaths of wild pandas, who live in deep mountains and are hard to tr
ack,” said Chen Peng, a researcher with the base who co-authored a paper on “Giant Panda Face Recognition Using Small Database.”
“It will definitely help us improve efficiency and effectiveness in conservation and management of the animals,” Chen said.
China has carried out four scientific field research project of giant pandas in the wild.
The giant panda was scientifically discovered 150 years ago and n
amed in the city of Ya’an, Sichuan. It remains one of the world’s most endangered species.
The number of captive pandas was 548 globally as of November last y
ear. Fewer than 2,000 pandas live in the wild, mostly in the provinces of Sichuan and Shaanxi.
ed it from repaying investors’ principal and interest. La
September, 53 people in the company were transferred for examination and prosecution.u’an, a county in
China’s Hebei province, 50 kilometers away from Beijing’s Tiananmen Square, is looking to build an innovation-driven coun
Emerging fields including online lending, investment, pension services, consumer reb
ates, financial mutual aid and virtual currencies have become “disaster areas” for economic crimes, said Gao.
Since the collapse of P2P online lending platforms beginning last Jun
e, public security authorities have investigated and handled more than 400 illegal fun
draising platforms and arrested more than 60 fugitives from 16 countries and regions.
“To grab excessive profits, the criminals keep changing and upgrading their criminal
methods, which are usually strongly deceptive,” he said. “Investors should be very cautious.”
The phone call took place days after the US Commerce Dep
artment announced on Wednesday it will add telecommunications eq
uipment maker Huawei and its affiliates to the Entity List on Wednesday. Being on the list
bars the company from buying US technology without government approval due to security concerns.
On the same day, US President Donald Trump signed an executive order that bars US companies fr
om using telecom equipment from manufacturers considered a national security risk, without mentioning Huawei by name.
Such moves, as well as the increase of tariffs on $200 billion worth of Chinese goods earlier this m
onth, complicated the prospect of continuing the bilateral trade talks that have been ongoing for more than a year.
China has always believed in and hoped to solve trade differences thr
ough talks, but such talks should be equal, Wang said. In any talks, China must protect its legitim
Liu, who turned himself in, stepped down in Janua
ary as chairman of the China Securities Regulatory Commission, a position he kept for three years before being replaced by Yi Huiman.
The central commission said in the statement that Liu is cooperating with the probe.
hina’s housing regulator has warned four Chinese cities over price rises in the past three months, the Economic Observer reported.
Local governments of Foshan, Suzhou, Dalian and Nanning were urged by the Ministr
y of Housing and Urban-Rural Development to stabilize land and housing prices as well as market expectations.
This came a month after six other cities were also warned over similar reasons on April 19.
Renminbi to remain stable, regulator saysknotes at a ba
Central bank vice-governor voices confidence amid currency volatility
The monetary authority vowed to stabilize the renminbi amid escala
ted trade tensions, while continuing to push forward financial opening-up and pr
otecting overseas investors’ legal rights, said a senior official from the central bank on Sunday.
“We have the foundation, confidence and capacity to maintain a stable foreign exchange ma
rket in China, and keep the renminbi exchange rate at a reasonably stable equilibrium,” said Pan Gongsheng, vi
ce-governor of the People’s Bank of China, the central bank, said in a statement on its website.
Before his pledge, the onshore renminbi rate depreciated to 6.9182 per do
llar at Friday’s close, the weakest level since December, and the offshore renminbi rate h
Top regulator says economy set for growthand
Transformation of traditional industries speeding up, riding wave of high tech
emphasized that the company was committed to con
2019年5月21日
上海楼凤
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weimiaow
ontinuously working with customers as well as industry and governme
nt stakeholders to ensure its technology adheres to all of their requirements.
The US Department of Homeland Security issued an alert warning on Monday that Chinese-made drones may be se
nding sensitive flight data back to their manufacturers in China, where it can be accessed by the government there.
According to a report by CNN, the alert warns companies and organizations that the US gov
ernment has “strong concerns about any technology product that takes American data into the territory of an au
thoritarian state that permits its intelligence services to have unfettered access to that data.”
The report does not name any specific manufacturers, but nearly 80 percent of the
drones used in the US and Canada come from DJI, according to industry analysis.
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