Trade agreements can affect the types of goods being

traded and they can redirect trade toward one country, away

from others. They cannot directly affect any country’s worldwide current account balance. A count

ry that saves less than it invests will have to borrow foreign funds to import foreign goods to make up that difference.

There are two ways to reduce the US trade deficit. A serious recession would reduce investme

nt, but nobody advocates that as a strategy. The only other path is to change the US financial and gove

rnment system to encourage increased savings. China has almost nothing to do with it.

Ironically, the disputes between the US and China center around both nations’ legitimate desires to

protect some current low-skilled jobs, or at least to allow an easier transition to new jobs and industries.

US administration’s economic policy has rightly focused on the need to

retain jobs for working-class people in the US. And, China’s companies that export to the U

www.aishedesaf.com

China is an important stakeholder in Arctic affairs,” Wang

“The country has always adhered to international treaties, such as the Charter of the United Nations, the United Natio

ns Convention on the Law of the Sea, and the Spitsbergen Treaty, as well as other international laws and upheld the p

rinciple of respect, cooperation and common winning and sustainability when actively participating in Arctic affa

irs and contributing Chinese wisdom and power in the sustainable development of the Arctic region,” he said.

The annual Arctic Circle Forum, established in 2013 and initi

ated by Iceland’s then-president Olafur Ragnar Grimsson, is a platform to help the inter

national community care for, understand and protect the Arctic and discuss Arctic governance.

changjiucf.cn

This issue is similar to the environment. External critics

ent. External critics of China don’t appreciate that Chinese themselves realize there

are issues to be addressed. They are doing so. These developments should be encouraged.”

President Xi Jinping, who spoke at the Second Belt and Road Foru

m for International Cooperation in Beijing recen

tly, listed areas in which China will improve the environment for foreign investment.

The president said the nation will work hard to create a business environ

ment that respects the value of intellectual prop

erty, will improve the legal system for IPR protection at all levels, will strengthen law enforcement and pr

otection for the legitimate rights and interests of foreign IP owners and will bar the

forced transfer of technology, improve protection of trade secrets and crack down on infringement.

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The Belt and Road Initiative, which originated in C

 China but belongs to the world, has become an open and inclusive platform for international cooperation and a well-recog

nized global public good thanks to the concerted efforts of the parties involved, Xi said.

Calling think tanks significant forces for Belt and Road constructi

on, the president said developing think tank exchanges and cooperation helps deepen mu

tual trust, unite consensus and promote the BRI to achieve high-level development.

He expressed the hope that the think tank network would develop in-depth academic exchanges to promote solid coope

ration under the BRI and contribute to the building of a community with a shared future for mankind.

Also on Wednesday, a ceremony to mark the release of the English and French editions

of a compilation of remarks by Xi on the Belt and Road was held in Beijing by the State Council Information Office.

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hinese Navy to send huge fleet to take part in sea parade

Qiu Yanpeng (middle), deputy commander of the PLA Navy, attends a press confer

ence for the upcoming multinational naval activity to mark the 70th anniversary of the People’s Liber

ation Army Navy at the press center in Huanghai Hotel in Qingdao, Shandong province, Ap

ril 20, 2019. About 200 journalists from home and abroad attended the press conference.Chinese Navy

will send 32 warships and 39 aircraft to take part in a joint sea parade in waters near Qingdao.

Nearly 20 ships from about 10 countries will participate in t

he sea parade on Tuesday, deputy commander of the PLA Navy Qiu Yanpeng said.

A Singapore Navy frigate arrived on Friday in Qingdao, Shan

dong province, becoming the first foreign warship to arri

ve ahead of a grand event to honor the 70th birthday of the People’s Liberation Army Navy.

The PLA Navy will hold multinational naval activities in Qingdao and nearby waters from

Monday to Thursday to celebrate its founding anniversary. They will include a joint sea parade, high-level sympo

siums, public tours of ships, military music performances and other cultural exchanges.

www.olyfwg.cn

Premier Li signs revised regulation on gov’t informati

Premier Li Keqiang has signed a revised regulation on the disclosure

of government information to better respond to public concerns.

The revision, based on the 2008 version, is aimed at increasing openness of government

affairs and resolving prominent problems in government information disclosure.

It also represents the headway and achievements made in this field over the past years and clarified the scope of governm

ent information disclosure, calling for constantly expanding information disclosure.

Stressing the need to improve the legal rights and interests of the a

pplicants and related parties when applying for information disclosure in accordance with pr

ocedures, the revision also made necessary stipulations on the improper exercise of application rights by a small num

ber of applicants affecting the normal conduct of government information disclosure.

Efforts should be made to improve the effectiveness of government information disclosure by using information techn

ology, to enable government information to play its due role in serving the people, it added.

pldyjo.cn

Vehicle sales in China continue to drop, NEV sales rise

hinese sales of passenger vehicles, MPVs, SUVs and minivans in March dropped 12 percent on a yearly basis to 1.78 million units.

This is the 10th consecutive monthly decrease, according to the C

hina Passenger Car Association (CPCA), Changjiang Times reported.

The MPV sector saw the largest sales decline, 20.2 percent to 130,000 units in the pas

t month, while SUVs and sedans dropped 10.7 and 12 percent, respectively.

The decreases in 2019’s first quarter are mild compared with those at the end of the last year, CPCA said.

As the State-VI emission standards will be implemented from July 1 this

year, some Japanese brands have launched corresponding products ahead of their co

unterparts, and performed well in sales and consumer confidence, CPCA said.

“Automobile sales in North China, and those in the county and township level, are still weak,” the association added.

hheeh.cn

If the nose of the Boeing Max 8 model rises, threaten

ning a midair stall, the MCAS system automatically points the plane’s nose down

to gain speed needed to stay aloft. Boeing added larger, more fuel-efficient engines to upgr

ade the existing 737 airframe to compete with European rival Airbus. The new engines are positioned close

r to the fuselage, changing the aircraft’s aerodynamics and pushing the nose up in certain conditions.

Boeing created MCAS to make the new Max planes handle more like previ

ous versions of the 737, a popular model used by airlines around the world. Some in the aircra

ft industry, including pilots, have said Boeing did not provide adequate notice of the new plane’s flight ch

aracteristics or how to shut off the new anti-stall device if necessary. A group of pilots in

dependently compiled and circulated a 13-page manual about the new system. Oth

ers have said Boeing provided adequate notice of the changes and how to disable MCAS.

The version of MCAS installed on the Ethiopian Airlines pl

ane had relied on information from one sensor that sent back bad information.

www.osmsxl.cn

Apple, in rare reversal, pulls plug on wireless charging mat

Apple Inc on Friday said it is canceling the AirPower wireless charging mat that

the company announced in 2017 on t

he same day as its iPhone X, a rare public retreat for the gadget maker known for splashy product launches.

The mat was intended to wirelessly charge up to three Apple products at

once, such as an iPhone, Apple Watch and AirPods wireless headphones.

While wireless charging has spread through the gadget industry, chargi

ng three devices at once with higher wattage “fast charging” has proved challengi

ng. Furniture seller Ikea, for example, sells a $60 matt that can handle three

phones but it only features slower 5-watt charging.

In a statement, Apple said that it had concluded that its AirPower mat “will

not achieve our high standards.”

“We apologize to those customers who were looking forward to this launch,”

Dan Riccio, Apple’s senior vice president of Hardware Engin

eering, said in the statement. “We continue to believe that the future is

wireless and are committed to push the wireless experience forward.”

ax125.cn

Extra pilot averted disaster on previous Boeing 737 Max 8 flight

An off-duty pilot in the cockpit of a Boeing 737 Max 8 jet jumped in to help

crew disable a malfu

nctioning flight-control system as it experienced difficulties in October, according to Bloomberg.

The next day, with a different crew, the same plane crashed into the sea off Jakarta, killing all 189 people on board.

On doomed Lion Air Flight 610, pilots searched in a handbook f

or a way to stop the plane from nosediving, according to an exclusive Reuters report.

Reuters cites the information from three people with knowledge of the contents of the cockpit voice recorder that has never been made public.

Indonesia’s National Transportation Safety Committee (KNKT) has refused to comment to CNN on the content of the voice r

ecorder as the investigation is still ongoing. Boeing also refused to comment to CNN on the matter Wednesday.

Indonesian authorities found the cockpit voice recorder in the Java Sea on January 14 and said it could take up to a year to publish a full report into the crash.

www.xzzygk.com