Skip to content
the percentage of adult smokers to 20 percent by 2030, we have a lot of work to do,” he said.
The biggest obstacle to tobacco control in China is the powerful toba
cco industry, which is one of the biggest tax contributors to the government, he said.
Despite an increasing number of cities having local regulations on tobacco control,
national legislation is still lacking, due to causes including influence from the industry, he said.
“Only a few big cities, such as Beijing, Shanghai and Shenzhen h
ave strict tobacco control regulations and law enforcement, but in most areas in China suc
h regulations are absent,” he said. “The prevalence of tobacco has caused serious health conseque
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.
was aware of the incident and was gathering information.
The charter company is contracted by the military for its twice-weekly “rotator” roundtrip
service between the US mainland and Guantanamo Bay, said Bill Dougherty, a spokesman f
China is concerned about protecting its own rapidly growing intellectual property, leading to increased reco
gnition of the issue’s importance, according to US citizens with business ties to the country.
Frank Wu, president of the Committee of 100, a nonpartisan leadership organization of prominent Chinese Ame
ricans in business, government, academia and the arts, said, “China has made great progress. China has its own inte
llectual property to protect. That includes both in the global marketplace and also internally.or the Jacksonville base.
It flies every Tuesday and Friday from the Naval Station Norfolk in Virginia to the Jacksonvil
le air station and on to Cuba. It then flies back to Virginia with a stop again at Jacksonville, Dougherty said.
tment, and it could also leverage on more bank lending and attract private funds to increase investment, said Xu.
In the meantime, allowing retail access to local government bonds will help diversify the
investor base and increase market liquidity, said Amanda Du, an analyst at Moody’s Investors Service.
The analyst expected access for retail investors to widen to encompass all local government bonds in 2020.
hina’s economy grew at a faster-than-expected 6.4 percent year-on-year in the first qua
rter, according to data released by the National Bureau of Statistics on Wednesday.
The growth was unchanged from that registered in the fourth quarter of last year.
The country’s industrial output posted steady growth in the same period, up by 6.5 percent
year-on-year, compared with 5.7 percent in the previous quarter, official data showed.
Fixed-asset investment growth was 6.3 percent in the first quarte
r, compared with 6.1 percent in the first two months, according to the NBS.
Retail sales increased by 8.3 percent year-on-year in the same pe
riod, compared with 8.2 percent in the first two months, the data showed.