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.
including existing ski resorts and some newly built projects, to host all eight Olympic snow sports
in 2022. The three clusters will be connected by a new high-speed railway, which will be completed by t
he end of this year. It looks beyond the Games to boost future winter sports tourism.
According to the organizing committee, all 26 venues for 2022 will be ready by June next year with the f
irst test event, a World Cup skiing series, scheduled to be held in Yanqing’s National Alpine Skiing Center in February.
About 90 percent of the earth moving work for the mountain center is now complete, and a 53-hecta
re forest reserve has been built nearby for transplantation of all the trees affected by the construction.
“The preparations are ready to step up to the next stage, from planning to
the readiness phase. Beijing is ahead in the race against time,” said Liu Yumin, dire
ctor of the planning, construction and sustainable development department of the 2022 Olympic Organizing Committee.
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.
udents’ trust. Upon arrival, they were not only faced with the high altitude and thin
ner atmosphere, but also naughty students with a low level of basic knowledge.
Wang Qiming, a history teacher from Huai’an city, Jiangsu, said he experienced some friction when he taught his first class in 2015.
“The students knew less than those in Jiangsu. They didn’t behave well in class or listen to me, so if the situation had not been
handled carefully－if I had become impatient or irritated－the tension could have been harmful,” he said.
Wang decided to proceed slowly and adjust his schedule to match t
he students’ poor skills. He quickly realized that even the seniors sometimes acted like young chi
ldren and needed coaxing and incentives, which many local teachers overlooked.
“Many local teachers have problems. For example, when they teach a class, they may think th
at they have taught a lot at a slow pace with enough detail, and they get annoyed if students don’t remember. In
fact, you should give the children time to digest, sparing five minutes in each class to help them review the work,” he said.