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es it a large exporter of manufactured goods to the US and

Given that the US economy is driven by domestic demand, consumption in particular, instead of exports, a high rate of eco

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

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

To make up for the increasing savings gap, the US needs to introduce and use more foreign ca

pital, which will further enlarge the trade deficit. Therefore, the US cannot simultaneously maintain a high g

rowth rate, invest massively in infrastructure, reduce the trade deficit and restrict the inflow of foreign capital.

What is really questionable is that, despite its contempt for over-regulation of the economy, the US administration has been tryi

ng to impose regulations on international trade, even for its trade partners’ domestic economic management.

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Wang stressed if one side is trying to place extreme press

extreme pressure on the other, it will cause a legitimate counterattack.

“The measures from us are not only to safeguard China’s own rights, b

ut to protect the basic rules of the current multilateral trading mechanism,” Wang said.

Wang made the remark in a joint news conference with his Russian

counterpart Sergei Lavrov during his visit to the Black Sea coastal city of Sochi.

Experts warned that the rising US tariffs on Chinese imports risks a full-blown trade war, which will bring harm to both sides.

Major Wall Street stock indexes declined more than 2 percent on Monday, followi

ng China’s announcement of countermeasures in response to Washington’s latest tariff move.

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They cited a report in February from Trade Partnership World

wide as saying that increasing tariffs on $200 billion of goods to 25 percent, coupled with tariffs already in place — as well as expect

ed Chinese retaliation — would reduce US employment by more than 934,000 jobs and push down the US GDP by 0.37 percent.

According to data from the General Administration of Customs, two-way trade between China and

the US declined 11.2 percent year-on-year to 1.1 trillion yuan ($162.5 billion) in the period from January to April.

The fact that Beijing is still sending a delegation to the US for the trade talks is “very wise on China’s part”, said Gary Hufb

auer, a senior fellow and trade expert at the Peterson Institute for International Economics in Washington.

Douglas H. Paal, vice-president of the Asia Program at the Carnegie Endowment for Internat

ional Peace, said it “makes sense to continue the talks because the alternative would be a drastic signal to markets”.

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NTSB team has expertise in aircraft operations, structure

powerplants, human performance, weather, airports and other ar

eas,” the agency said, adding that it expects to brief the media later in the day.

The plane, chartered from Miami Air International, was attemp

ting to land at about 9:40 pm local time amid thunder and lightning when it slid off the runway and

came to rest in the shallow water of the river, authorities and passengers said.

The military base is on the western bank of the St. Johns River about 8

miles (12.87 km) south of central Jacksonville, about 350 miles (563.27 km) north of Miami.

Miami Air International is a charter airline operating a fleet of the Boeing 737-800, diffe

rent from the 737 MAX 8 aircraft that has been grounded following two fatal crashes involving that plane.

Representatives of the airline did not immediately reply to requests for comment.

www.zrwrgz.cn

Horticultural exhibits delve into high-tech magic

The ongoing International Horticultural Exhibition 2019 in Beijing is all about gar

dening, but it doesn’t shy away from high technology that improves visitors’ experience.

To provide visitors with information services, ticket purchasing, parking, travel routes, introductions to scenic sp

ots, medical services, performance arrangements and traveling tips, a mobile phone app called Expo 2019 was developed.

It’s like having a tour guide at hand, said Guo Ziliang, an official at the Beijing World Horticultural Expo Coordination Bureau, the expo’s organizer.

“The app shows people how to conveniently and efficiently make their way through the park,” he said. “It also helps improve the park’s reception capacity.”

The 162-day expo, from April 29 to Oct 7, is expected to receive a total of 16 million visitors.

The app, available in bilingual versions-English and Chinese-can be downloaded for free from online app stores.

www.pristinefood.org

Kim Jong-un supervises test of new tactical guided weapon

Kim Jong-un, top leader of the Democratic People’s Republic of Korea (DPRK) supervised the

test-fire of a new tactical guided weapon, state media Korean Central News Agency (KCNA) reported on Thursday.

Kim “supervised and guided a test-fire of a new-type tactical guided weapon cond

ucted by the Academy of Defense Science on Wednesday,” the KCNA reported.

The design indexes of the weapon, with advantages of “the p

eculiar mode of guiding flight and the load of a powerful warhead,” were “perfectly verified at the test-fire con

ducted in various modes of firing at different targets,” the report said, giving no details of the weapon.

“Tactical” implies a short distance weapon instead of a long-range ballistic missile in military battles.

According to the report, Kim described the development as “an event of v

ery weighty significance in increasing the combat power of the People’s Army,” sayi

ng that the scientists and workers have done a great work in increasing the country’s capabilities of

9463296.org.cn

There has always been a fixation on Chinese economic grow

growth-and with good reason. China sustained an average annual growth rate of 10 percent from 1980 to 2011, unprece

dented for a large economy. Since 2012, however, the annual growth has slowed down with the Government Wor

k Report presented recently by Premier Li Keqiang setting a growth target of 6-6.5 percent for 2019.

For China doubters, this is a “gotcha” moment. After all, the premier’s grow

th target implies a 40 percent deceleration from the “miracle” trend. This seems to vin

dicate warnings of the dreaded “middle-income trap”-the tendency of fast-growing developing economies to re

vert to a much weaker growth trajectory just when they get their first whiff of prosperity.

The early work on this phenomenon was precise in terms of what to expect: as per capita inco

me moved into the $16,000-$17,000 range (in dollars at purchasing power parity in 2005), a sust

ained growth deceleration of around 2.5 percentage points can be expected. With China having hit that income thr

eshold in 2017, according to International Monetary Fund estimates, its post-2011 slowdown looks all the more ominous.

www.qw46q.cn

Xi made the remarks in a signed article published in the

Italian daily newspaper Corriere della Sera on Wednesday ahead of his European tour, with visits to Italy, Monaco and France.

Though far apart from each other, China and ancient Rome were linked by the old Silk Road over 2,000 years ago, Xi said in the ar

ticle, mentioning the cultural exchanges between the two countries in the distant past.

He said Beijing is willing to deepen cooperation with Rome in such areas as land and marine transportation, avia

tion, aerospace and cultural exchanges to build the Belt and Road in the new era.

“I’m willing to avail myself of this visit to work with Italian lea

ders on the blueprint of Sino-Italian relations and lead the ties into the new era,” Xi said.

He called on the two sides to tap more potential for partnership

in port logistics, shipping, energy, telecommunications and medicine, and encourage enterprises fr

om both countries to develop third-party cooperation to seek mutual benefit and win-win results.

www.shlfapp.com

Showing off sometimes diabolical but compelling politic

  skills, Trump was audacious, provocative and spiteful. He made outrageous boasts about his own success and hin

ted at his acute sense of human nature and feral appreciation of weakness and discomfort in a political opponent.

  Trump also showed his indifference, or rude disregard for the political plights of allied le

aders, indulged his willingness to trade in falsehoods, and betrayed his obsessions with his predecessor President Barack Obama.

  At Thursday’s White House meeting, Trump was also asked by a reporter about the fre

shest entrant in the Democratic White House race — former Texas Rep. Beto O’Rourke. He was ready.

  ”Well, I think he’s got a lot of hand movement. I’ve never seen so much hand movement. I said is he crazy or is that just the way he acts.”

  ”Study it, I’m sure you’ll agree,” Trump told reporters.

  The jab at O’Rourke was not just a throwaway. It was a return to the forensic

targeting of political opponents that helped Trump dismantle the Republican primary field in 2016.

leyishengpx.cn

The CEO visited the crash site on Sunday. He said the plane

  right inside the ground” and it was not possible to identify whether i

t was an emergency landing or a crash. He said there was still smoke at the site when he visited.

  ”As it is a fresh incident, we have not been able to determine the cause. As I said, it is a brand new airplane with no techn

ical remarks, flown by a senior pilot and there is no cause that we can attribute at this time.”

  ”The routine maintenance check didn’t reveal any problems,” GebreMariam added.

  Asked about the possibility of terrorism or sabotage: “At this stage we cannot rule out anything.”

  The Boeing 737 MAX 8 is the same type of plane as the In

donesian Lion Air jet that crashed soon after takeoff from Jakarta in 2018 — killing 189 people.

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