A cold atomic clock has only lost the accuracy equal to one second in 30 million years during two years in orbit onChina’s space lab Tiangong-2, according to the Chinese Academy of Sciences (CAS), People’s Daily Online reported on July 26.
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Chinese-made cars for the first time topped auto sales inChilein the first half of the year, local media reported on Friday.Less than a decade since Chinese cars entered the Chilean market, they came to account for 15.6 percent of total auto sales in the six months from January to June, according the daily El Mercurio.Chinese car makers sold 31,000 units over the period, the daily said, citing a report from the National Automotive Association of Chile (ANAC), which reported total car sales hit a record 202,130 units.
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China's financial sector could contribute more to stabilizing economic growth, amid a better balance with risk control, to create new growth engines and boost domestic demand, according to a Cabinet-level meeting.The latest meeting of the State Council Financial Stability and Development Commission, chaired by Vice-Premier Liu He, highlighted improving efficiency of the monetary transmission mechanism — a way to influence economic growth through changing some monetary policy variables — to strengthen economic growth in the second half, according to a statement released on the State Council's website on Friday.The monetary transmission mechanism could be improved by adjusting bank lending rates, asset prices, market expectations and exchange rates. The final target is to channel more cheap funds, quickly and more easily, to some key areas such as manufacturing, high-tech and small-scale businesses, said economists.
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Recently, more and more Japanese companies have taken actions that show their positive attitude about participating in the Belt and Road (B&R) initiative, and Japanese leaders have also made some positive gestures. It seems thatJapan's participation in the B&R initiative will open up new space for China-Japan economic cooperation and create new growth points. Promoting mutual cooperation in third-party markets is conducive to both the economic development of third parties and the expansion of China-Japan economic and trade cooperation.Positive statements by Japanese leaders seem to draw the country closer to the B&R initiative. But the real driving force is the inevitable historical trend. That is, from "Datsu-A Ron", which means "Goodbye, Asia" to "returning to Asia."Japan implemented "Datsu-A Ron" almost 150 years ago. One major reason was that Asia was clearly behind at that time and it was necessary forJapanto catch up with t...
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As the China-US trade conflict escalates, there has been confusion in markets and media. There are different terms including trade dispute, trade war, economic war and soft war to describe the ongoing bilateral row, indicating that China and the US have differences in understanding, which may influence China-US relations and global order.
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The Donald Trump administration’s strategy of “America first” is considered by many as “America only”. They believe Trump has diverted his predecessor Barack Obama’s diplomacy to another direction.This diversion can be observed from the country’s recent diplomatic moves from withdrawals of multiple “international groups” to the relocation of the US embassy in Israel. However, the ongoing diplomatic strategies and logic of the US government are still a continuation of the former administration’s policies. The difference is that the current policies have shaken off the banner of the so-called liberalism, and become simpler and cruder.
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International trade order is at risk due to multiple factors intertwined together, which will bring more uncertainties to global economy.On one hand, the international trade order is now directed by three major voices. France and Germany are devoted to promoting traditional rule-based free trade, which can be seen from the World Economic Forum held in Davos, Switzerland at the beginning of this year; US President Donald Trump advocates reciprocal openness-based fair trade order; and China puts great energy on advancing one that is open and inclusive. On the other hand, major developed countries are taking various approaches to speed up the launch of new topics and new rules in pursuit of establishing a system for future revolution of international trade order. In the meantime, cooperation mechanisms like the G20 and the “BRICS Plus” are playing an active role in pushing reform of global governance.
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China and the US are trying to restart talks to avert a full-blown trade war, Bloomberg reported Tuesday. It quoted a source familiar with the matter as saying that representatives of US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are having private meetings. Another Western media source reported that US President Donald Trump is considering raising the tariffs from 10 percent to 25 percent on $200 billion of Chinese goods. It seems that Trump is trying to force China to make its biggest concession by both carrot and stick.
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China's Ministry of Finance announced Thursday it would channel 72.1 billion yuan (10.6 billion U.S. dollars) from the central budget to subsidize ecological functional zones this year.The funds were up by 15 percent from 2017, according to the ministry.The zones are defined as areas that play a central role in water and soil conservation, wind shielding, as well as the protection of biological diversity.The increased spending came as pollution control has been listed as one of China's "three tough battles" for the next three years, targeting a significant reduction in the emissions of major pollutants and an improvement in the overall ecological environment.Last year, China's central authorities issued guidelines on an ecological "red line" strategy that will make certain regions protected. The zones will be clearly defined by the end of 2020.
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China's Ministry of Commerce on Thursday said the country supported the reform of the World Trade Organization (WTO)."China is supportive of WTO reform, and hopes the reform will address the concerns of most members and reflect their needs," Ministry of Commerce spokesperson Gao Feng said at a press conference, commenting on the trade deal made between the United States and the European Union (EU), which included agreement on WTO reform.
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