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Given that the US economy is driven by domestic demand, consumption in particular, instead of exports, a high rate of eco
nomic growth will widen the trade deficit, as it would have to import more products than it exports. In such a situa
tion, the implementation of large-scale infrastructure construction projects would further increase the trade deficit.
To make up for the increasing savings gap, the US needs to introduce and use more foreign ca
pital, which will further enlarge the trade deficit. Therefore, the US cannot simultaneously maintain a high g
rowth rate, invest massively in infrastructure, reduce the trade deficit and restrict the inflow of foreign capital.
What is really questionable is that, despite its contempt for over-regulation of the economy, the US administration has been tryi
ng to impose regulations on international trade, even for its trade partners’ domestic economic management.
popular destinations for overseas study, accounting for 18 percent and 1
6 percent respectively, followed by Hong Kong, Germany and Japan, the report found.
The report was based on a survey conducted by Vision Overseas Consulting Co, a subsidiary of New Oriental Education and Technolo
gy Group and Kantar Millward Brown in January and February. The survey covered 6,228 students who plan to go to school ove
rseas or have returned to China after graduation, and their parents. It is the fifth consecutive year the report was released.
Sun Tao, president of Vision Overseas Consulting Co, said: “More students chose to go to the UK for overseas study b
ecause of its high-quality higher education institutions and relatively lower costs compared with the US.”
Many UK universities now offer one-year master’s program, which can
greatly decrease the students’ cost, he said, adding that the UK government has also im
powerplants, human performance, weather, airports and other ar
eas,” the agency said, adding that it expects to brief the media later in the day.
The plane, chartered from Miami Air International, was attemp
ting to land at about 9:40 pm local time amid thunder and lightning when it slid off the runway and
came to rest in the shallow water of the river, authorities and passengers said.
The military base is on the western bank of the St. Johns River about 8
miles (12.87 km) south of central Jacksonville, about 350 miles (563.27 km) north of Miami.
Miami Air International is a charter airline operating a fleet of the Boeing 737-800, diffe
rent from the 737 MAX 8 aircraft that has been grounded following two fatal crashes involving that plane.
Representatives of the airline did not immediately reply to requests for comment.
The call made by Xi Jinping, general secretary of the Communist Party of China Central Committee, for more study of the
May Fourth Movement, will help younger generations better understand the value of its spirit, observers said.
Xi underlined the need to strengthen studies of the May Fourth Move
ment and its spirit during a speech at the group study session of the Political Bureau of the C
PC Central Committee on Friday, according to a news release issued on Saturday.
This year is the 100th anniversary of the movement launch
ed by young intellectuals and participated in by people from all walks
of life. It was a political, anti-imperialist movement that stemmed from student demonstrations in Beijing on May 4, 1919.
Presiding over the session on the historical significance and modern value of the movement, Xi said the studies shoul
d elaborate on why the movement is of great and far-reaching significance for development and progress in conte
mporary China, and why Marxism has become a guide for the cause of the Chinese people’s revolution, construction and reform.
conomy and Informatization, the trade-in program targets the 603,000
vehicles complying with State-III emissions standards or below in this city.
Shanghai also encourages owners of public service vehicles — such as buses, sanitation vehi
cles, postal cars, taxis and light logistics vehicles — to replace their current vehicles with electric ones.
The city will improve auto financing, leasing and used car trading, as well as the construction of charging poles and hydrogen
refueling stations, to promote the use of new energy vehicles, the commission added.
The Shanghai Automotive Industry Corporation G
roup (SAIC), China’s largest automobile manufacturer, has set up a 3 billion yuan fu
nd to support the trade-in program, with trade-in models limited to its Roewe, MG and Maxus brands.
A gasoline vehicle trade-in would enjoy a subsidy of 10,000 yuan per vehicle, while a new en
ergy vehicle trade-in would receive a subsidy of 15,000 yuan, the manufacturer said.
In fact, the group had lowered prices of its Roewe- and MG-branded
vehicles last month, in response to China’s VAT reduction policy that started April 1.