It promises not only a lot of useful infrastructure investment but to lower trade cost between very important parts of the world, which promotes international trade and prosperity across the wide stretch of Eurasia, Obstfeld said.
It may have some negative impact on the economies of both countries in the long run, but there haven't been signs of this for the time being. Only market confidence has been slightly affected shortly after the tariff plan was announced.
It is the 12th time the ministry and the committee have jointly compiled and released the report on Chinese language.
It is the music of defiance and rebellion, of freedom and youth. It's a song that parents hate and that evokes dollar signs in the minds of osteopathic doctors.
It is therefore not surprising that China's rapidly growing "fintech" (financial technology) industry has established the biggest global market for digital payments, accounting for roughly half of the global total.
It is important for the two sides to constructively manage disputes and differences, and create a better environment for the stable and healthy development of bilateral relations, he added.
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It might seem strange to have a sentimental attachment to some bricks and mortar. But I have had this feeling quite a lot since I heard the news recently that the flats in Clydebank that my grandparents lived in since they were built in 1971 until my granddad passed away in 2015, are going to be demolished in the next five years. Some of my earliest memories are times at these flats, being taken there to visit my grandparents when I was a preschooler.
It is not the first time that Changan, partner of Mazda and Ford, has tried to break people's stereotype of Chinese brands.
It said SCO countries could apply to be tapped into an emergency mechanism it established in April when they are stricken by disasters like typhoons, rainstorms, severe storm patterns, sandstorms or fires.
It is the only port that has achieved double-digit growth in cargo and container handling capacity among major coastal ports across the country. According to Beibu Gulf Port Group, its cargo throughput rose 19.6 percent year-on-year to about 222 million tons in the first 10 months of 2020.