First, buy American. According to the American Recovery and Reinvestment Act of 2009 signed by President Obama, any public works project funded by the new stimulus package must use steel and other manufactured goods produced in the US, with a few exceptions. Due to the provision’s obvious violation of the WTO rules, the US later added that it must be applied in a manner consistent with US obligations under international agreements, which many states have failed to follow in actual implementation.

Second, unilateral tariff barriers. According to the WTO provisions on anti-dumping and countervailing, when an imported product is ruled to be dumping or subsidized for lower-than-normal prices, the importing country can charge anti-dumping or countervailing duties on the particular product. However, the US hasn’t complied with the rule when imposing unilateral tariffs on steel and aluminum products from abroad. With no evidence that imported steel and aluminum products were subsidized or constituted dumping, the US government imposed tariffs to raise costs for imported products in order to protect local businesses. The unilateral tariffs imposed by the Trump administration on $250 billion of Chinese products are an example of government interference in competition, because Washington has no evidence of Chinese products being dumped or subsidized. The US government artificially increased the costs of Chinese products by 10 to 25 percent to weaken their competitiveness in the US market.

Third, agricultural subsidies. While the US often accuses other governments of subsidizing companies, its own practice in the agricultural sector shows what subsidies really are. The US Department of Agriculture usually determines the target prices of agricultural products prior to the actual harvest. When market prices are higher than the target levels, farmers take the revenue. When market prices are lower than the target levels, the agricultural department pays subsidies to make up for the price difference. Therefore, US agricultural products are very competitive in the international market.

During the 10th WTO ministerial conference held in Nairobi, Kenya in December 2015, ministers committed to abolishing export subsidies for farm exports. The move was considered a historic achievement as it ended the biggest distortion in the market. However, the Trump administration didn’t actually execute it, so the competition in the international agricultural market is still not equal and the US government has failed to maintain a neutral position.

Fourth, direct administrative restrictions. According to the US-Mexico-Canada trade agreement, by 2023, 40 to 45 percent of work on automobiles must be completed by workers earning at least $16 an hour as a measure to shift auto production away from Mexico. Cars are international trade commodities and their trade should be determined by competition, with the government maintaining neutral, but apparently, the US government doesn’t think so. After the renegotiation of the original North American Free Trade Agreement, the phrase “free trade” was noticeably absent from the name of the new pact.

What does a strong system led by the Communist Party of China (CPC) mean for the country? I have traveled around the world and can understand that better.

Let me start from the recent past. The US suddenly turned hostile toward China in 2018, launched an all-round trade war, and cracked down on Chinese enterprises like Huawei and ZTE. Given the crackdown, any other country would have panicked and its currency would have been the first casualty.

Countries including Russia, Iran and Turkey, which reeled under damaged ties with the US, couldn’t avoid currency depreciation. It wouldn’t surprise if the Chinese yuan came down to 10 or even 20 against the dollar due to the impact of the trade war.

Many Chinese people had lost their nerve last year. However, Washington failed to have its way after the yuan’s exchange rate against the dollar stabilized following a small dip. China could stave off the economic assault because of its strong system, and the US had to get down to negotiations.

China is a large society. Although the country’s rise has been braving the tides, the US cannot shake China down because of the CPC’s leadership.

India is often coaxed by the US. It has an economic aggregate about one-fourth of China’s. If in place of China, it were India that had to face the US’ wrath, I’m afraid the South Asian nation would wilt.

I always believe China has a 50-50 chance of becoming the most powerful country in the world in 50 years. As for India, the probability is slim. India could be the second- or third-largest power. The increase in the probability that China will become the top power depends on the maturity and strength of the CPC’s leadership.

The CPC is the force that unites China, which has a complicated history related to its frontiers and a big difference between its southern and northern parts. The CPC is a political power that brings together 56 ethnic groups from different regions.

China and the Association of Southeast Asian Nations are celebrating 25 years of dialogue partnership. Although there are disagreements, including territory in the South China Sea, analysts say the positives of the relationship are far greater than the disputes. Our correspondent Rian Maelzer reports from Vientiane, Laos, where the 11th East Asia Summit will be held this week.

The South China Sea territorial disputes have been a point of friction not only between ASEAN countries and China, but also within ASEAN as the 10 members have struggled to reach any consensus on the issue.

“But analysts say the dispute should not be allowed to cloud relations …since it doesn’t reflect the generally friendly and increasingly close ties between the parties,” said Rian Maelzer.

Dr. Huang Haitao from Zhou Enlai school of government, said, “That is just an anomaly, and china and all the asean countries, except the South China Sea disputes, there is no major disputes between china and all the asean countries.”

Abdul Majid Khan, former Malaysian ambassador to China, said, “These differences should not be exaggerated and we should put our minds, our diplomatic skills and I think for a start because of recent developments both sides should start step by step to regain the mutual trust and the confidence.”

There’s no doubt that at recent summits, the South China Sea issue has tended to overshadow issues such the negotiations of a Regional Comprehensive Economic partnership between ASEAN and six other countries, including China.

Professor Liu Aming from Shanghai academy of social sciences, said, “There are many many issues that is much much more important than the South China Sea dispute to the asean people, ASEAN countries and also to china.”

“On Wednesday, the ASEAN-plus China meeting will also be a celebration of 25 years of dialogue partnership between the two. So it’s a great opportunity for all sides to focus on the positives of that relationship,” Rian Maelzer said.

Approximately 1.2 million jobs could be created indirectly in Pakistan because of agreed projects under the China-Pakistan Economic Corridor (CPEC), media reports have said.

The CPEC has been blamed for causing a debt trap and economic distress in Pakistan, but facts have proved that the recent surge in Chinese investment is yielding employment benefits.

This is a hard-won achievement, but 1.2 million jobs aren’t enough. While the first phase of the CPEC concentrated on infrastructure projects, the second part should focus on employment creation by setting up special economic zones (SEZs) and supporting economic integration. The CPEC needs to accelerate the shift of its focus to provide more jobs for Pakistani people.

Although there has been much controversy about the CPEC over issues such as an uneven distribution of interests among Pakistani people, the project can only move forward. But it won’t be plain sailing due to challenges such as Pakistan’s foreign exchange crisis and security problems, and people should be prepared for potential setbacks. However, as long as the CPEC creates a lot of jobs, it will win the favor of Pakistani people.

The construction of transportation infrastructure under the CPEC framework has created many jobs for local people. This is obviously good news for the country’s poverty alleviation campaign. However, infrastructure work provides mainly limited-term employment.

It takes time to complete infrastructure construction, but the country will see a substantial decrease in job creation in the future if it relies heavily on infrastructure construction to generate employment. With about 200 million people, Pakistan needs long-term employment opportunities.

The CPEC has its weak points, but it also offers unique advantages. The CPEC is designed to connect Gwadar Port in southwest Pakistan with China’s inland areas, offering another shipping option for Chinese importers and exporters. Working on the CPEC’s SEZs should be stepped up to promote Pakistan’s manufacturing sector and its industrialization, making the country a new important exporter to China. This will provide more long-term jobs for local Pakistani people.

However, efforts by Chinese companies to expand local production may be hampered by factors such as security problems and the lack of skilled workers. If the Pakistani government can keep improving the business environment for manufacturers, the CPEC may play a better role in yielding employment benefits for local people.

The main objective of the system is to bridge the trust gap in society. When the plan was first unveiled in 2014, a detailed document said that “trust-keeping is insufficiently rewarded and the costs of breaking trust tend to be low.”

“The term ‘credit system’ has become popular only in recent years, but the concept of credibility is one the Chinese people have long sought. The goals of our work and the citizens are the same,” Chu of the Yichun Administration for Industry and Commerce told the Global Times.

According to Du, the establishment of the China Credit Research Center means that the country had already attached importance to the issue of trust at the beginning of the 21st century. This was not very long after China adopted the market economy and systems governing the marketplace were not yet mature.

In the years that followed, Chinese consumers’ confidence in companies continued to be eroded due to food-safety scandals such as the milk powder tragedy, and trust between people had fallen so low that no one even dared help an elderly person who had fallen in the road.

Du noted that Wenzhou is another city keen to implement the social credit system, and contacted her center for advice early on. In the 1990s, Made-in-China shoes brought Wenzhou fame and wealth, but the city soon became infamous for fake goods and a lack of business order.

“Wenzhou authorities hoped to improve their business environment and attract investment, so they needed such a credit system,” Du told the Global Times.

Du said that through the system, the country hopes to reinforce the public’s awareness of what socially accepted “good” and “bad” behavior is. Moreover, it is an incremental process for establishing the rule of law.

“The root cause for the lack of trust in our society is that the laws are lagging behind the country’s development. China must have a credit supervision body and must have a credit law,” Du said. “When law plays its proper role, the government will naturally step back.”

Domestic film “Song of Youth” was the highest grossing film on the Chinese mainland market on Wednesday, according to China Movie Data Information Network on Thursday.

The film, a drama set in a Chinese campus in the 1980s, grossed more than 10.7 million yuan (1.59 million US dollars).

It was followed by “Andhadhun,” an Indian black comedy, which earned 7 million yuan.

Coming in third was the Spanish thriller “Mirage,” taking in 6.5 million yuan.

BARCELONA, Spain, Feb. 24 (Xinhua) — Chinese tech company Huawei on Sunday its their Mate X, a foldable 5G ready smartphone, at an event attended by around 3,000 people held on the eve of the 2019 Mobile World Congress (MWC2019) which opens here on Monday.

The Mate X has a 6.6-inch screen, which can be opened out into an eight-inch OLED screen to allow the user to read or view videos.

“The Huawei Mate X is a step into unknown territory,” confirmed Richard Yu, CEO of Huawei’s Consumer Business Group.

He said the phone was a “masterwork of engineering” and that it folded in an “almost perfect” manner, while its 5G capacity would help “change the world that we currently know”.

The Mate X has a Balong 5000 processor, 8 GB of RAM and 512 GB internal memory, which Yu commented would make it the “reference point for the 5G smartphones still to come”.

Other points in favor of Huawei’s new smartphone are its lightness and the fact that even when folded it is only 11 millimeters thick.

“The VAT reduction policy strongly indicates the government’s determination to improve the problems associated with rare diseases,” Kevin Huang, founder and president of the Chinese Organization for Rare Disorders (CORD) told the Global Times.

CORD, a non-governmental organization, is committed to promoting cooperation between rare diseases patients, medical professionals, pharmaceutical companies and government departments. It also works on strengthening public understanding of rare diseases, improving access to medication to treat rare diseases and promoting policies.

Huang said the policy will surely attract more attention to rare diseases, and he expects more policies to be introduced following these initial steps.

On February 15, the National Health Commission (NHC) announced the establishment of a national cooperation network for the diagnosis and treatment of rare diseases to improve the diagnosis, treatment and management of rare diseases.

Led by the Chinese Academy of Medical Sciences and Peking Union Medical College, 324 hospitals nationwide which specialize in rare diseases will be involved in the network.

“Orphan drugs should be given priority for examination and approval, and effective drugs should be recommended for sale both in China and overseas simultaneously,” Jiao Hong, head of the National Medical Products Administration told China Youth Online on March 7.

“The market price of drugs depends on the selling price of pharmaceutical enterprises, import tariffs and the profits of drug distributors. The VAT reduction policy actually benefits pharmaceutical enterprises directly. At present, it is hard to say how much cheaper it will be for patients,” Huang said.

David Malpass, undersecretary for international affairs at the US Treasury Department, was selected as president of the World Bank Group for a five-year term beginning on April 9, 2019, the World Bank Group said in a statement Friday.

Malpass, 63, was chosen by US President Donald Trump in early February as the US candidate for the post, and has secured approval from the World Bank’s board after a campaign without competition.

The Board expressed its deep gratitude to Interim President Kristalina Georgieva for her dedication and leadership in recent months, the World Bank Group said in the statement. Former World Bank chief, Jim Yong Kim, abruptly announced his resignation in early January.

Candidates picked by the United States, the World Bank’s largest shareholder with 16 percent of its voting power, have all ended up assuming the leadership post since the institution’s inception in 1944.

This long-held tradition has put the credibility of the organization into question, given that emerging markets’ and developing economies’ total contributions to global economic growth have far outweighed those of the advanced economies in recent years.

Malpass, who once criticized the World Bank, has raised concerns within the international development community over his skepticism about the role of the bank and multilateralism.

In February, Malpass thanked the US president for selecting him to lead “the world’s premier development institution.”

Highlighting the 13-billion-US dollar capital increase and other reforms that the World Bank shareholders endorsed in April 2018, Malpass said, “With shareholders and dedicated staff, there is a great opportunity now to implement these constructive reforms that will lead to faster growth and greater prosperity.”

The US envoy for Venezuela will meet with Russian officials on Venezuelan crisis, said the US State Department on Saturday.

Elliott Abrams, the US Special Representative for Venezuela, will meet with Russian Deputy Foreign Minister Sergey Ryabkov and other Russian officials in Rome, the capital city of Italy, on March 18-19, said the State Department in a statement.

The two sides will discuss “the deteriorating situation in Venezuela,” according to the statement.

Following its recognition of Venezuelan opposition leader Juan Guaido as the nation’s “interim president” in late January, the Trump administration has kept piling up pressure on incumbent Venezuelan President Nicholas Maduro through sanctions and other measures.

In response to Washington’s support for Guaido, Maduro announced that he was severing “diplomatic and political” ties with the United States.

Moscow has condemned Washington’s threats against the legitimate Venezuelan leadership, calling them “blatant interference” in Venezuela’s internal affairs and a “flagrant violation” of international law.

The Russian Foreign Ministry said earlier this month that Russia is ready for consultations on the Venezuela crisis with the United States in accordance with the principles of the UN Charter.