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China was and would remain a major destination for foreign investment, said Zhou. Before, foreign companies invested in China for low cost production; they manufactured products in China and then exported them or sold them through intermediary trade. Now, as China is releasing its import demands and
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Over the past 40 years since the reform and opening-up, China saw a fast-growing economy and steadily improved living standards of its people. Now, the Chinese society pays more attention to the quality of services such as healthcare and elderly care.
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Chinese companies have become the major force of technological innovation in the manufacturing of refrigerators, air conditioners and washing machines, as most developed countries have withdrawn from the manufacturing process and focus mainly on brand-building.
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This evidence takes us to an even bigger question: Is China is coming full circle — from an ancient civilization that once led the world in innovation and technology to a modern nation now focused on research, scientific development, indigenous innovation, and commercialization of these activities?
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“The war took away educational resources from most of these children,” Wang told the People’s Daily, saying that despite of this, the stories told by the children about life and death, nostalgia, family, and dreams impressed him a lot.
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The zero-sum mentality advocates conflicts and opposes cooperation. It is an immature concept generated in the early formation of the modern international relations, and also a typical form of egoism.
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Domestic demand has become a major driving force of China’s economic growth, contributing over 90 percent to China’s economic growth in 2017. Meanwhile, the dependence of the economy on trade dropped to 33 percent, lower than the world’s average of 42 percent.
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Any short term pain should be set against the immense strategic gain for China flowing from Trump’s worldview, and Trump was progressively dismantling the pillars of the US-led international order, he remarked.
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As WTO members, China and the US should solve economic and trade disputes under WTO framework. However, the US has ignored WTO dispute settlement mechanisms and arbitrarily handled foreign trade frictions by its domestic laws.
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China has plenty of economic tools and rich experiences. Over the past 40 years of reform and opening-up, the country has managed to cope with the Asia financial crisis and global financial crisis, as well as a series of other external impacts. It is because of the composure to deal with these risks
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In order to suppress other countries, the US has trampled on international rules, undermined world economic orders, and built high trade barriers. However, the economic globalization is an irreversible trend, and to deprive a major country of the right to develop also goes against the historical law
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In response to questions on the principle of competitive neutrality, Peng said that the government would remain neutral toward companies of all categories of ownership, and stood against the practice of setting up different sets of international rules based on a company's ownership type or simply di