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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.
ew stage of preparation for the Games,” said Chen Jining, mayor of Beijin
g and executive president of the 2022 Winter Olympics Organizing Committee. “We will end
eavor to deliver a fantastic, extraordinary and excellent Olympic and Paralympic Winter Games.”
The 1,000-day countdown — launched near the iconic Bird’s Nest and the
Water Cube, both 2008 venues — underlined Beijing’s focus on sustainability in prepa
ring a second time for an Olympic extravaganza by reusing existing resources built for the Summer Games.
According to the 2022 Winter Olympics organizing committee, 11 of the 13 v
enues needed in Beijing’s downtown, where all ice sports will be staged, will use existing faciliti
es built for 2008. Repurposing projects, such as transforming the Water Cube (which hosted swimming in 2008) into a
curling arena by filling the pool with steel structures and making ice on the surface, are well underway.
The ongoing International Horticultural Exhibition 2019 in Beijing is all about gar
dening, but it doesn’t shy away from high technology that improves visitors’ experience.
To provide visitors with information services, ticket purchasing, parking, travel routes, introductions to scenic sp
ots, medical services, performance arrangements and traveling tips, a mobile phone app called Expo 2019 was developed.
It’s like having a tour guide at hand, said Guo Ziliang, an official at the Beijing World Horticultural Expo Coordination Bureau, the expo’s organizer.
“The app shows people how to conveniently and efficiently make their way through the park,” he said. “It also helps improve the park’s reception capacity.”
The 162-day expo, from April 29 to Oct 7, is expected to receive a total of 16 million visitors.
The app, available in bilingual versions-English and Chinese-can be downloaded for free from online app stores.
According to Chilean Ambassador Luis Schmidt, the two countries on Wednesday secured a deal to open the Chinese market to Chilean pears.
He said he is expecting the first pear exports to China to take place soon.
Zhou Jin contributed to this story.
Liu Cailin, a Hebei Academy of Fine Arts graduate, is a member of the Tujia ethnic group.
At school Liu interned at design companies during summer and winter vacations. It wa
s then that he fell in love with jewelry design. Several months after he graduated, Liu opened his own workshop.
For lovers, every gift is special. Liu once received a message: a girl received a leaf from her boyfriend, and wanted to preserve it in some
way. Liu decided to make a silver piece of jewelry for her, one of more than 2,000 stories he’s turned into works of art.
Liu now has more than 1.2 million fans and monthly sales of 150,000 yuan ($22,283), a figure that could top 350,000 yuan.