Trade tensions unilaterally initiated by the US administration will not only hurt other economies but also undermine the interests of US companies, according to a recent white paper released by the Chinese government.
Toward this end, Alibaba announced a partnership with Shanghai retail conglomerate Bailian Group Co in February.
Travelers from home and abroad enjoy the sights of the Bund in Shanghai on Sept 27, 2018. [Photo/IC]
Tourism-driven revenues will drop by 1.18 trillion yuan (8 billion) of the year.
Trade and trade deficit have become toxic words to both US political parties. Besides Trump, the other three candidates in the 2016 US presidential election, Hillary Clinton, Bernie Sanders and Ted Cruz, all opposed the Trans-Pacific Partnership (TPP) for fear of upsetting the powerful trade unions, which are overwhelmingly against trade.
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Transactions on China's mobile payment systems were worth trillion in 2017, almost 30 percent more than in 2016, according to People's Bank of China, the central bank. The number of mobile financial transactions totaled .6 billion, up 46 percent year-on-year.
Tourists pose for a selfie in front of the 18th-century Anglican church in Malacca. [Photo/Agencies]
Total investments to build the facility, located in Cikarang district's industrial zone in West Java province, were 700 million U.S. dollars, according to Xu Feiyun, president of SAIC GM Wuling Motor Indonesia (SGMWI) that runs the facility.
Toward that end, China is committed to carrying out agricultural demonstration projects, building or upgrading agricultural technology demonstration centers, and using these centers to focus on agricultural research, demonstration and training. In addition, transferring technologies and cooperating with African countries to increase productivity are seen as crucial.