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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China has to walk a fine balance between local govern

nment debt management and stable economic growth, especially at a time when trade te

nsions with the United States have imposed more downward pressure, said economists.

More financial resources and investors will be involved in the debt resolution process, said Qiao Baoyun, head of the Acad

emy of Public Finance and Public Policy at the Central University of Finance and Economics.

The last round of local government debt swaps started in 2015 and ended in August 2018, w

hich saw 14.34 trillion yuan ($2.08 trillion) of local government debt being swapped into bonds.

Local governments are set to face more debt burden in the next three ye

ars, as many of the previously issued bonds are set to expire, income from land sales has

7893391.cn

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

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The National Health Commission issued draft regulatio

ns in February for the clinical application of new biomedical technologies, stipulating that clini

cal research that involves human trials, including gene editing, stem cells, organ transplants be

tween species and assisted reproductive technologies, must secure the approval of the commission in advance.

Under the draft, which is yet to be adopted, violators may face punishments including fines, revocation of business permits or criminal charges.

The commission this year will complete its revision of an existing r

egulation on ethical inspection of human-related biomedical research that was adopted in 2016.

Authorities are also considering establishing a national ethics co

mmittee that supervises life science technologies and researchers to ensure compliance wi

th ethical standards, Huang Jiefu, former vice-minister of health, told China Daily in an earlier interview.

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Nevertheless, it is difficult to separate cyclical elements

and external shocks from the long-term trend and to conclude that China’s potential growth rate really is 6-6.5 percent.

Many Chinese economists cite long-term supply-side structural factors-such as demographic agi

ng, environmental degradation, and a lack of progress on reform-to argue that China has simply en

tered a new stage of development, characterized by significantly lower potential growth rates.

Structural factors don’t explain falling growth rate

While this may be true-everyone in China agrees that 9-10 perce

nt annual growth rates are a thing of the past-there is no clear indication of how much Chin

a’s growth potential has actually declined. Long-term supply-side structural factors do not explain, for exam

ple, why the growth rate fell from 12.1 percent in the first quarter of 2010 to 7.4 percent in the third quarter of 2013.

trwater.com.cn

The objective is part of its larger goal, set in 2014, to m

move 100 million rural residents, mostly migrant workers, to cities by 2020.

Under the plan, cities with a population under 3 million should remove all limits on hukou — hous

ehold registration — and cities with populations between 3 million and 5 million should relax restrictio

ns on new migrants. Having hukou in a city generally confers more social benefits on residents.

Megacities including Beijing and Shanghai should improve the points system to qu

alify for household registration, allowing more people to settle in those cities.

“In the future, the main driving force of China’s urbanization will be conferring the benefits of urban

citizenship on rural migrant workers,” said Xu Lin, former director of the NDRC’s development plan

ning department. “In this process, it is key to offering new migrants treatment equal to that of city residents.”

China has made steady progress in urbanization, as permanent urban residents amounted

to 831 million at the end of 2018, up by 17.9 million from the previous year, according to the National Bureau of Statistics.

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Instead of solely emphasizing high yields, the Green Su

 Super Rice project is geared to guarantee stable yields while beefing up crops’ resistance against drought, flooding and diseases,” Li said.

“Thus, farmers are able to save a large amount of resources, such as fertilizers or irrigation water, to fight those issues,” he added.

The sustainability of the approach is welcomed by Philippine agricultural researchers and farmers, according to Jose

Yorobe, a consultant with the International Rice Research Institute in the Philippines. He attended a meeting in Beij

ing on Tuesday, along with dozens of representatives from participant countries, that marked the project’s conclusion.

“Because of climate change and population growth, developing countries are now pressured to increase rice prod

uctivity,” he said. “Some high-yield modern varieties are still vulnerable to inclement weather, pests and disease.”

www.ypfna.cn

Elwell defended the agency’s reliance on experts from ma

anufacturers and said the current system had produced an unprecedented safety record i

n the US. He said the FAA was “fully involved” in the certification of the Boeing 737 Max 8, including “133 of the 297 flight tests”.

Senator Richard Blumenthal questioned the FAA’s oversight of the Boeing 737 Max jet, argu

ing that reliance on the manufacturer put “the fox in charge of the henhouse”.

Blumenthal said Boeing rushed to get the 737 Max in the air to compete with Europe’s Airbus and disregarded critical safety features.

“There needs to be rigorous reform so the FAA is put back in charge of safety,” he said. “The

fact is that the FAA decided to do safety on the cheap, which is neither safe nor cheap,” he said.

Senator Jerry Moran asked what it would take for the FAA on its own to certify airc

raft. Elwell said: “Ten thousand additional FAA employees and $1.8 billion” per year.

ozsnl.cn

While May was addressing her lawmakers, MPs in the mai

n chamber debated eight other Brexit options, ranging from leaving abruptly with no deal to revoking the divorce altogether.

While there was no majority support for any, the option calling for a referendum on any depa

rture deal, and another suggesting a UK-wide customs union with the EU, won more votes than May’s deal did two weeks ago.

Oliver Letwin, a Conservative former cabinet minister who led parliament’s unusual power grab, said it ha

d been expected that none would immediately win a majority, and lawmakers would have another chance on Monday.

The uncertainty around Britain’s most significant political and economic change since W

orld War II has left allies and investors aghast. Sterling dipped after Wednesday’s events.

If May’s deal were to pass, her office said there would be a contest to replace her after May 22, when Britain would leave the EU.

www.qiancengdian.cn

Researchers have unearthed a trove of well-preserved

fossils representing more than 50 previously undescribed animal species dating back 518 million years.

The soft tissues of their bodies, including muscles, organs, eyes and mouths are still visible in some

of the 4,351 fossils discovered in Yichang, Hubei province, according to a new study published in the journ

al Science on Friday. The excavated fossils represent 109 species, including known jelly fish, arthropods and algae.

Fu Dongjing, associate professor at Northwest University in Xi’an, Shaanxi, also the first author of the paper, said the research g

roup started exploring the ancient ruins in the summer of 2007, in Changyang Tujia autonomous county. It was lo

cated on the bank of Qingjiang River where a representative insect from the Cambrian period was first found.

The new trove of fossils called the Qingjiang biota-the living organisms of a region-ha

ve the potential to greatly inform the understanding of early animal evolution, according to the study.

About 542 million years ago, life on earth diversified at an extremely rapid pace, known as t

he Cambrian explosion. Almost all present animal categories appeared at that time. Many creatures wen

t extinct in the process of evolution, but others became the initial form of future organisms.

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