The IMF research, citing official data, found that the

 revenue collected by the US government through hefty tariffs on Chinese imports, has been paid almost entirely by US importers.

“Some of these tariffs have been passed on to US consumers, such as those on washing machines, wh

ile others have been absorbed by importing firms through lower profit margins,” the research said.

Any further increase in tariffs will likely be passed through to consumers, it said.

China and the US, the world’s two largest economies, have been embroi

led in a tit-for-tat trade confrontation over the past few months. Washington threatened to fur

ther escalate a tariff war and increased tensions by tightening restrictions on Chinese companies.

Earlier this month, the US raised tariffs on $200 billion of Chinese imports from 10 percent to 25 percent, and China took coun

termeasures. Then the US administration listed about $300 billion more of Chinese goods for possible tariff hikes.

shlfapp.com

The star apologized for the potential negative influenc

uence from his misbehavior via his official Weibo account on Tuesday, promising better behavior in the future.

The Beijing Center of Health Supervision warned punishment would follow if they can confirm these violations, adding the ma

tter has been under investigation in a post released on its official Sina Weibo account on Tuesday.

Based on these regulations, individuals who smoke indoors are fined

50 yuan ($7.20), which rises to 200 yuan if the culprits refuse to correct their violations. In

2016, another famous actor, Wen Zhang, was fined 50 yuan for smoking inside a restaurant.

ours that provide a window on wildlife without harming the animals are a welcome development for Chinese ani

mal-lovers, a recent survey found, as most people say ‘no’ to any activities that might have a negative impact on animals.

gzche.org

Updates for the Android will be unavailable to Huawei sm

smartphones that run on the system, and

future versions of the company’s handsets will not be

able to use services from Google, including the Google Play Store, Gmail and YouTube apps, which are

not covered by the open-source license and require a commercial agreement with Google, Reuters report said.

Android’s official account replied on Twitter Monday that while th

ey are complying with all US government requirements, “services like Google Play and

security from Google Play Protect will keep functioning on your existing Huawei device.”

www.lanqiaowangluo.cn

Some companies find niche markets in the industry by

producing specialized bicycles for health, sports and slow urban lifestyles.

Century-old bike-maker Shanghai Phoenix Enterprise (Group) Co Ltd and Tianjin Flying Pigeon Cycle Development Co are

transforming to produce sports and leisure bicycles based on the fast growth for these types of products.

The output of such bicycles priced above 1,000 yuan saw an 18.5 percent year-on-year increase to 8.43 millio

last year, up 10.5 percentage points over the previous year and accounting for about 11.5 percent of the total.

Other companies including Bike8, Onelap and Incolor continue to manufact

ure innovative bicycles by improving the intelligent and network connecting levels of their products

ashddd.com

They cited a report in February from Trade Partnership World

wide as saying that increasing tariffs on $200 billion of goods to 25 percent, coupled with tariffs already in place — as well as expect

ed Chinese retaliation — would reduce US employment by more than 934,000 jobs and push down the US GDP by 0.37 percent.

According to data from the General Administration of Customs, two-way trade between China and

the US declined 11.2 percent year-on-year to 1.1 trillion yuan ($162.5 billion) in the period from January to April.

The fact that Beijing is still sending a delegation to the US for the trade talks is “very wise on China’s part”, said Gary Hufb

auer, a senior fellow and trade expert at the Peterson Institute for International Economics in Washington.

Douglas H. Paal, vice-president of the Asia Program at the Carnegie Endowment for Internat

ional Peace, said it “makes sense to continue the talks because the alternative would be a drastic signal to markets”.

exstorm.org

need to promote exchanges among civilizations and

 dialogues based on harmony in diversity and inclusiveness. We need to undertake the cultural responsibility of inter

national communicators, and let exchanges of culture and among civilizations, as well as mutual learning, co

nstantly serve as bridges for people’s friendship, the impetus of international cooperation and bond of world peace.

Second, we should become builders of world peace and development. The wheel of humanities’ de

velopment is unstoppable. Peace, reconciliation and harmony are historical trends. Equality, mut

ual trust and win-win cooperation are historical necessities. Yet, as international conventions are attacked an

d multilateral mechanisms are challenged, the anti-globalization tendency rises, and unilateralism and tra

de protectionism are becoming increasingly fierce. We must adamantly safeguard the contemporary interna

qianpadbe.com

Consensus to lead to common prosperityries pose f

President says gathering sets stage for more Belt and Road progress, cooperation

More than $64 billion in deals were signed during the Second Belt a

nd Road Forum for International Cooperation, President Xi Jinping told members of the me

dia from home and abroad in Beijing after the three-day event concluded on Saturday.

In addition, Xi said, during the preparation and holding of the fo

rum, parties reached 283 pragmatic outcomes, including intergovernmental cooperation agre

ements, cooperative projects and the launch of multilateral cooperation platforms.

The outcomes fully demonstrate that joint building of the Belt and Road conforms to the trend of the times, wi

nning the hearts of the people, improving livelihoods and benefiting the whole world, he said.

www.gzbbam.com

D’s stock tumbled after the student first accused Liu in A

August, and its shares have slowly crawled back since Decembe

r. Hong Tao, an analyst from GF Securities, said the tech heavyweight has faced troubles. JD’s adv

anced logistics system, which is its core strength, has been overtaken by Alibaba’s Cainiao Logistics.

JD is in the spotlight as it is reducing salaries for its delivery staff and seeing a round

of shake-ups in its management team. Its chief technology officer Zhang Chen, chief lega

l officer Long Yu, and chief public affairs officer Lan Ye, all announced their resignation within just one month.

The company said in February that it would lay off 10 percent of its senior executives above vice-president level this year.

The 7-coin set contains two gold coins and five silver coins, with a variety of shapes. Designs i

nclude traditional Chinese ornamentation, dragon, phoenix, flowers and bird. All are legal tender.

The coins are made by Shenzhen Guobao Mint, Shenyang Mint and Shanghai Mint.

87877777.com

The latest official tone came from central bank’s D

puty Governor Chen Yulu over the weekend. He reassured that monetary policy will remain “p

rudent” and “with proper intensity”. The growth of broad money supply (M2) and aggregate social financi

ng should align with nominal GDP growth, according to a statement on the central bank’s website.

The deputy governor delivered a speech at the 39th mee

ting of the International Monetary and Financial Committee in Washington.

Chen also stressed that the further improvement of the exchange rate regime wo

uld “keep the renminbi exchange rate generally stable at an adaptive and equilibrium level”.

Lu Ting, chief economist in China with Nomura Securities, wrote in a research note that de

spite solid credit growth, underpinned by ongoing monetary and credit easing measures, the government is u

nlikely to engineer another long and large-scale “credit boom” due to much narrower policy room than before.

www.fqyp.org

But one of the first things taught to economics gradu

 students, even back in my day, is to be wary of the perils of data mining. And the middle-income tra

p is a classic example of the pitfalls of endless number crunching. Give me a database and a po

werful computer, and I can “validate” almost any economic relationship masquerading as an analytical co

njecture. There are five key reasons to dismiss the widespread diagnosis that China is ensnared in the middle-income trap.

First, a middle-income trap may not even exist. That is the conclusion of a rigorous empirical stud

y by Lant Pritchett and Lawrence Summers that covers a broad cross section of 125 economies from 1950 to 20

10. The best they could come up with is a strong tendency for growth discontinuities and mean reversion. At the recent China Development Forum in Be

ijing, Summers went further in assessing likely outcomes in rapidly growing developing economies, dubbing any

mean-reverting slowdown as merely a tendency to close a “post-miracle gap”. Needless to say, the statistical regularity of s

uch periodic growth gaps is very different from the permanent quagmire of a growth trap.

qw46q.cn