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nt history, the relocation of some manufacturing industries from
上海龙凤1314China to overseas destinations is inevitable given the extent of China’s development. On the other h
and, this phenomenon does not mean China will lose its manufacturing and economic power.上海龙凤1314品茶微信
During the previous five industrial migrations, the economic development of the leading countries that hosted such industries didn’t stop after
some of the traditional sectors relocated to other countries. Instead, they soon saw the rise of new industries, high-end m上海龙凤1314
anufacturing and the service sector－and they are still developed economies. For example, the US is still the world’s larg
上海龙凤1314品茶微信est economy even 60 years after the third industrial migration, while Japan, Germany and Britain are ranked among the
top seven economies in terms of size and quality even decades after the industrial migration.上海龙凤1314
Relocation speed and scope not alarming
As a country with the world’s largest population, the third-largest territory, and the longest continuous上海龙凤1314
economic growth curve, China’s case will be the same even after the relocation of some of its manufacturing industries.
First, as mentioned above, the speed and scope of the manufacturing units’ relocation from China are not as fast and large as s
上海龙凤1314品茶微信ome people imagine. The industrial relocation from China started after the 2008 global financial crisis br
oke out, accelerated in 2012, and gained pace last year due to the Sino-US trade conflicts.
But the consequences are not expected to be very serious. For instance, from 2008 to 2018, global trade grew at an annual aver
age rate of 2.4 percent, while China saw 6.3 percent annual average export growth, which shows China’s export g上海龙凤1314品茶微信
rowth has been not only steady, but also 3.9 percentage points higher than that of global trade.
As a result, the share of China’s exports in global exports rose from 8.9
percent in 2008 to 12.9 percent in 2018, an increase of 4 percentage points. Which is a clear indica上海龙凤1314
tion that the relocation of manufacturing industries from China is not fast enough to make us feel worried.
Second, the rapid rise of emerging manufacturing industries in China will to a large extent offset t上海龙凤1314
he impact of the relocation of low-end industries on its entire manufacturing industry and e上海龙凤1314品茶微信
conomy. Therefore, China will continue to be a manufacturing and economic powerhouse.
In addition to th上海龙凤1314品茶微信e exhibition, inheritors of intangible cultural heritages for
上海龙凤1314m Guizhou demonstrated the production process of the traditional handicrafts. Visitors can enjo
y Guizhou’s liquor and tea while admiring the intangible cultural heritage performances.
上海龙凤1314品茶微信hinese restaurant Summer Palace at China World Hotel began serving the Peking roast du
ck last week under the guidance of Chef Yuan Chaoying, a culinary expert specializing in Beijing cuisi
ne. The chef is bringing the golden-brown, mouthwatering dish for customers throughout the summer.
“From the Forbidden City to the Temple of Heaven, Beijing has plenty of incredibl上海龙凤1314品茶微信
e sights. But one of the city’s greatest attractions, Peking duck, is actually made in the kitchen,” said Ste
phan Kapek, general manager of the hotel. “Summer Palace now has its own version of this iconic dish.”
上海龙凤1314The activity is part of the 2019 China Tourism Culture Week, which is hosted by the Ministry of Culture and Tourism. It is t
aking place in 34 China Culture Centers and 19 China National Tourist Offices around the world from May to June.上海龙凤1314
At a time when the world has reached a critical crossroad with global economic growth foundering, and raging trade frictions and development problems com
ing to the fore, Xi has embarked on a series of overseas trips since the beginning of June to promote multilateralism, free trade and economic gl上海龙凤1314品茶微信
obalization. By so doing, he has sent a clear signal to the world once again that China, as a responsible power, stands by int
ernational rules and is committed to addressing international issues, driving global growth and promoting peace.
However, the road ahead for China is far from smooth, typically fraught with risks.
上海龙凤1314品茶微信And although Trump has allowed US companies to sell components
to Huawei, he did not remove the company from the US’ blacklist. Which suggests the two sid
es need to make greater efforts to narrow the fundamental gaps underlying the Sino-US trade dispute.
But since a comprehensive, enforceable deal could still prove elusive, China will continue to
deepen reform and opening-up to cope with any risks and challenges that emerge in the future
two female Chi上海龙凤1314女神会所nese climbers: Ma Liyamu from the Xinjiang Uygur autonomous region, and Tsang Yin Hung from Hong Kong.
For Ma and Tsang, it was their second ascent to the summit of Mount Qomolangma, as Ma had reached th
e top of the mountain in 2016, and Tsang conquered it in 2017. But for Sun, this was her first such experience.
“What surprised me when I reached the top was the shadow of Mount Qom
olangma on other mountains. It was simply magnificent and stunning and it was a heavenly experience,” she shared.
Growing up, Sun didn’t have any aspirati
ons to climb Mount Qomolangma, but she loved drawing, especially nature and mountain scenes.
Having worked as a designer, she had some mountaineering exp
erience after climbing Mount Manaslu in September last year. Before she came into contact w
ith Ma, it was not in her mind to form an all-female, all-Chinese team to summit the mountain.
nitiative is a challenge, but achievable,” she said, adding that at the heart of this challenge lies great potenti
al for innovation and creativity, such as new disaster risk prediction and analysis, and disaster-resilient infrastructures.
Huang Runqiu, vice-minister of the Ministry of Ecology and Environment, said dis
aster risk reduction of natural hazards along the initiative is crucial for its success and sustainability.
Regions at the heart of the initiative, such as the Tianshan-Pamir Platea
u, the Himalayas, eastern parts of the Qinghai-Tibet Plateau and South Asia, are facing serio
us disaster threats due to tectonic movements, fragile ecosystems and extreme weather, he said.
Henrik Slotte, a senior disaster management expert from the UN Environm
ent Program, said poorly managed infrastructure projects can damage the ecosystem.
After a disappointing performance in 2018, China’s economy appears to be stabiliz
ing. In the first quarter of 2019, GDP growth, at 6.4 percent year-on-year, matched that of the previous quarter. But grow
th in industrial production exceeded expectations, expanding by 6.5 percent year-on-year (and by 8.5 percent in Mar
ch). Even exports growth was positive, albeit weak, despite the ongoing trade frictions with the United States.
Moreover, fixed-asset investment (FAI) grew by 6.3 percent－0.2 percentage points higher than in the previous quar
ter. Investment in real estate grew the fastest (11.8 percent), followed by manufacturing (4.6 percent) and in
frastructure (4.4 percent). The growth of investment both in real estate and infrastru
cture was stronger not only sequentially, but also year-on-year. As usual, consumption growth was stable.
than 150 countries, including 37 heads of state or government, for the thre
e-day event starting on Thursday, Wang said, adding the forum, themed “Belt and Road Coop
eration: Shaping a Brighter Shared Future”, aims to bring about high-quality cooperation under the initiative.
President Xi Jinping will deliver a keynote speech at the op
ening ceremony of the forum, and chair the leaders’ round-table summit, Wang said.
Saying the BRI has delivered real benefits to participating countries, Wang stated the hats like “debt traps” cannot be put onto t
he head of the Belt and Road, and this is not something any participating country would recognize.
He added that international communities should base their understandings and comments about the BRI on the facts.
Trade volume between China and the countries participating in the B
RI has exceeded $6 trillion, the number of investment is over $80 billion and arou
nd 300,000 jobs have been created for the people from the countries involved in the initiative, Wang said.