Washington’s countervailing measures on Chinese imports violate body’s laws
The United States has challenged the authority of the World Trade Organization by ignoring a上海419
WTO ruling, and such a move may escalate trade tension with China, experts said on Wednesday.
上海419品茶微信The WTO announced on Tuesday that the revised countervailing measures imposed by t
he US on imports of certain products from China were inconsistent with WTO laws.
However, the US failed to comply with the WTO ruling and上海419
accused China of “using State-owned enterprises to subsidize its economy”.
上海419The WTO mechanism is what members use to settle trade disputes, and countries in most cases abide by the rulings made by th
e organization, said Xue Rongjiu, deputy director of the China Society for WTO Studies.上海419品茶微信
“If member economies don’t follow this procedure, the rule-based global multilateral system
will be damaged and threatened by protectionism,” Xue said, adding that under such circumstances, some
上海419members may be forced to also use trade as a geopolitical weapon to ensure their interests.
Upholding the findings of a WTO dispute panel made public in March 2018, a WTO appellate body ruled that the US acted inc
onsistently with its provisions of subsidies and countervailing measures agreement.上海419品茶微信
The Ministry of Commerce urged the US to take immediate and concrete
action to “correct the wrong practices” in the anti-subsidy investigation against China and to c
上海419reate a fair and stable international trading environment for companies from both countries.
“Although both the panel of experts and the appellate body in this case
have ruled that the US countervailing measures violate WTO rules and asked the US to c上海419品茶微信
orrect its action, the US didn’t comply with the WTO ruling and continued to adopt tra上海419
de remedy measures against Chinese products in recent years,” the ministry said in a statement on Tuesday.
For those who are concerned about China’s economic well-being, the first half-year fig
ures released by the National Bureau of Statistics on Monday may not be enough to relieve them of their worr上海419
ies, especially given the ongoing trade conflict with the United States and weakening global demand.
上海419After all, a 6.2 percent growth in the second quarter — although still within the gove
rnment’s target range of 6-6.5 percent for the year — was the weakest in nearly three decades.上海419
This, together with lukewarm trade readings released on Friday — exports fell 1.3 percent in June from a year earlier and imports dropped 7.3 percent — sugge
sts economic conditions are still severe and, with external uncertainties on the rise, the economy “is under new dow
上海419女神会所nward pressure”, as NBS spokesman Mao Shengyong said at a news conference.
But again, this is really a question of do you see the glass half empty or half full, given that
China remains one of the world’s fastest-growing major economies. While pessimists focus on the diffi
culties, optimists see the silver lining of the Chinese economy’s remarkable resilience given the headwinds it faces.上海419
For example, retail sales, a major gauge of consumption, surged 9.8 percent, much higher than the expected 8.5 percen
t and also the highest since March 2018. Many analysts attribute the progress to the central government’s ef
forts to boost domestic consumption — these range from massive tax cuts of nearly 2 trillion yuan ($291 billion) to the iss上海419女神会所
uance of 2.15 trillion yuan of special bonds by local governments for infrastructure construction.
上海419Other strong data, such as a 6.3-percent increase in industrial output an
d a 5.8-percent rise in January-June fixed asset investment, all indicate that the fund
amentals for steady growth remain unchanged and the government still has ample room for policy maneuvers.
Actually, once last month’s much-better-than-expected gains in retail上海419女神会所
sales, factory output and fixed-asset investment were announced, the market quickly cast its vot
上海419女神会所e of confidence in the Chinese economy. The benchmark Shanghai Composite Index ended 0.4 percent up on Monday a
fter casting off losses that had pushed it down as much as 1.5 percent in the morning ahead of the data release.
hina’s innovative and high-quality development,” Sui Zhenjiang, vice-mayor of Beijing, said on Wedne
sday during a 5G industrial development and investment summit held in Yizhuang, in southeastern Beijing.
“Beijing is actively transforming itself as a national scientific and tech
nological innovation center. With advantages in complete telecom infrastructure, abunda
nt talent and strong research and development capabilities, we have the resolve to accelerate the push for making brea
kthroughs in 5G technologies and build an independent and innovative 5G industrial system,” Sui said.
As of May 24, the three major telecom operators－China Mobile, Chin
a Telecom and China Unicom－have established 4,700 5G base stations in Beijing, acc
ording to Wang Gang, head of the Beijing Municipal Bureau of Economy and Information Technology.
ng cell technologies should be established to promote greater transparency, they said, so that before a trial begins scient
ists would need to pass an ethics review and provide a list of names of all participating scientists and institutions.
Universities and research institutes should strengthen education a
nd training in bioethics and scientific and medical professionalism, covering research sci
entists and students of science, medicine and the humanities at all levels, they said.
In addition, more efforts should be undertaken to eliminate prejudice agains
t people with disabilities, which exists in the minds of some scholars, they said. Following the gene-edited baby inci
dent, government departments have vowed to improve supervision, and new regulations are being made or revised.
inesses, McMillon said brick-and-mortar stores have become hybrid, and forward fulfillment centers.
He said Sam’s Club has been gaining strength in the country. The high-end m
embership store that was launched in China in 1996 has about 2 million members nati
onwide. By 2020, there will be 40 such clubs either in operation or in construction in the country. The format ha
s 23 stores currently in 19 cities stocking quality fresh food and membership products.
Globally Walmart has 11,300 stores, with a third of them large stores.
According to Kantar Worldpanel, in 2018 Walmart’s market share was 5.4 percent, an improvement from t
he 5.2 percent in 2017. Last year it opened 33 new stores, including 21 hypermarkets, four Sam‘s Club and eight compact stores.
Jason Yu, general manager of Kantar Worldpanel China, said Walmart has to roll out
more innovations to further improve its operational efficiency and achieve growth through