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).

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considerable excitement. True, the company faces similar

bstacles to those that Asian and Latin American platforms previously had to overcome, including a

lack of reliable payment systems, low trust between buyers and sellers, and logistics and deliv

ry bottlenecks. But the experience of other regions shows that these shortcomings can be addressed over time.

Internet regulations must not be disruptive

The bigger risk to these platforms stems from the inevitable and necessary increase in regulation of the internet arou

nd the world. In particular, diverse national regulatory regimes may inadvertently or deliberately disrupt or bloc

k the international development of e-commerce ecosystems, hurting lower-income countries in the process. Avo

iding the creation of such unintended obstacles should therefore be a high priority for the international community.

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Xi’s remarks will guide younger generations in taking his

tory as a mirror, and combining their personal ideals with the dream of national rejuvenation, Hu Xianzhong, a senior re

searcher at the China Youth and Children Research Center, said in an article published by China Youth Daily on Sunday.

Since the movement began nearly a century ago, the country’s youth

has been collectively marching with the times and the people under the leadership of the C

PC-whether in periods of revolution, construction, or in the nation’s campaign of reform and openingup, Hu said.

As the centenary of the movement draws near, a good understanding of its history will make yout

hs know more about why their futures are closely connected with the rejuvenation of the Chinese nation so that

they will find their niches and play bigger roles in the country’s socialist cause, he added.

Chen Yuhao, a postgraduate student at the U

niversity of International Business and Economics, said the spirit of patriotism, progress, democracy and s

cience is still the core value of Chinese youth, and should be upheld and carried forward in the new era.

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Bernard Dewit, chairman of the Belgian-Chinese Cham

ber of Commerce, said that industrial and trade relations between the EU and China will i

ncrease following the meeting, and that China has made great efforts to open its market to European companies.

“China’s new Foreign Investment Law, which has just been (approved), will greatly reassure European investors of the com

mitment of the Chinese government to further protect foreign investments in China,” he said.

Wang Yiwei, a professor of international relations at Renmin University of China, said in an article

published in the People’s Daily Overseas Edition on Wednesday that the Chinese and EU lead

ers’ strategic communication on important issues will help foster new areas for bilateral cooperation.

The concerted efforts made by the two sides to cope with the common challenges

and develop win-win cooperation will add stability to an increasingly uncertain world, he added.

Hu Yongqi contributed to this story.

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Ardern met with Premier Li Keqiang on Monday morn

ing, and the two witnessed the signing of four cooperative documents to pr

omote cooperation in tax issues, agriculture, finance and science at a signing cer

emony. A joint declaration on climate change was also released after their meeting.

Zhao Jianglin, a researcher of Asia-Pacific economic studies at the Chinese Academy of Social Sciences, said the visit by Ardern

will provide a timely boost to China-New Zealand relations after the dispute over the use of Chinese telecom equipment.

China has been a key trade partner with New Zealand, which could also provide important s

upport to the Belt and Road Initiative and China’s relations with countries in the South Pacific, she said.

A price cut swept China’s many sectors on Monday, as value-added tax rate reduction officially kicked in.

This year’s Government Work Report, which was released las

t month, said the rate bracket of 16 percent in manufacturing and other industries will

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North Korea has yet to issue any direct public statement on

  the decision to withdraw. Chad O’Carroll, an analyst and chief executive of the K

orea Risk Group, said the move was to be expected following the failure of the Hanoi summit.

  ”North Korea’s pull-out Friday from the Kaesong Lias

on Office has been on cards since Hanoi, given recent no-shows there,” he said on Twitter.

  He added that the move was designed to send a message that from

Pyongyang’s perspective “Seoul has insufficient influence” over the US-North Korea rela

tionship and that intra-Korean talks are increasingly pointless, “when sanctions prevent practical cooperation.”

  Following the Trump-Kim summit in Hanoi, the US and South Korea canceled major war ga

mes that have long been a source of tensions on the Korean Peninsula in order to “support diplomatic efforts” with Pyongyang.

  Speaking on Thursday, Joseph Dunford, chairman of the US Joint Chiefs of Staff, said he was “absolutely confide

nt” that smaller exercises held in place of the traditional war games enabled the US and South Korean forces to “maintain readiness.”

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Indian tech billionaire gives $7.5 billion to charitywealth to

  India’s second-richest man is giving billions to charity in what may be the country’s biggest single donation ever.

  Azim Premji, the billionaire chairman of Wipro (WIT), is handing shares in the

tech company worth nearly 530 billion rupees ($7.5 billion) to his philanthropic foundation.

  The tech tycoon has now donated a total of $21 billion to the Azim Premji Foundat

ion over several years, including 67% of Wipro’s shares, the foundation said in a statement.

  Premji, 73, has a fortune of more than $18 billion, according to the Bloomberg Billionaires Index.

  He was the first Indian to sign the Giving Pledge, a campaign started by Warren Bu

ffett with Bill and Melinda Gates to encourage billionaires around the world to commit most of their wealth to charity.

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Economist offers insights on China’s global growth

When the whole world is searching for a therapy to calm the anxiety arising from economic slowdown, China, the most important global growth engine, provides its

routes to maintain vitality – through supportive macro policies and technology-driven innovation.

That point of view was shared by Zhu Min, an influential Chinese economist and a former deputy managing director of the Intern

ational Monetary Fund. He sat down for an exclusive interview with China Daily, when international media desi

re to learn the reasons for China’s 2019 economic performance at the ongoing annual two sessions in Beijing.

“We did a study that estimated China will continue to have more than 6.3 or 6.4 percent growth this year,” he predicted.

Even if the pace of growth moderates from last year’s 6.6 percent, China is able to m

aintain the strongest economic engine and contribute more than 30 percent of the worl

d’s GDP growth, said Zhu, who is now the chair of the National Institute of Financial Research at Tsinghua University.

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Woman dies as food poisoning in Michelin-starred restau

  A Michelin-starred restaurant in the Spanish city of Valencia is at the center of a food poisoning outbreak that has killed one woman and affected 28 further diners.

  The 46-year-old victim died after eating a meal at Riff in the Mediterranean coast city. Regional health author

ities have also identified 28 more people that became ill after visiting the restaurant, according to a statement.

  The woman, who has not been identified, died in her home early Sunday morning. Her husband and 12-year-old son also suffered food poisoning but are now

in recovery, said authorities.All of the 29 victims of the outbreak had eaten at Riff between February 13 and 16.

  Food inspectors visited the restaurant on February 18 but did not find any explanat

ion for what could have contributed to the outbreak, reads the statement from the public health department.

  The inspectors took samples of food used in the tasting menu, which have been sent to Spain’s National Toxicology Institute for analysis.

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As election looms, Thais yearn for stabilityl Times Publish

Thailand’s Election Commission rejected Princess Ubolratana Rajakanya’s candidacy for next month’s general elec

tion on Monday. This is in keeping with the Thai tradition that says the monarchy must remain above politics.

This incident has added another twist to the election the run-up to which has been complicated.

In 2014, Thailand’s military seized control of the country after negotiations with rival political factions failed. Sub

sequently, then head of the army General Prayuth Chan-o-Cha took over as the Prime Minister. It is expected that the up

coming general election on March 24 would end the more than four-year-old rule of Prayuth’s junta.

However, originally scheduled for February, the election was postponed by one month due to King Maha Vajiralongkorn’s coronation, which led to unrest.

The military government has not done much for economic development, regardless of its con

tribution to social stability. Thus, the public hopes the election be held as soon as possible so th

at the junta can hand state power back to the people and the nation’s economy can be developed.

Hence, any news of election delay unsettles Thai people. Fortunately, one month is not too long a wait.

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