BEIJING, Aug. 24 (Xinhua) -- The United States is paying the price for launching a trade war, as China is forced to announce the levy of new additional tariffs on U.S. goods.China has announced that it will slap additional tariffs on U.S. imports worth about 75 billion U.S. dollars, covering 5,078 U.S. products with additional tariffs of 10 or 5 percent, in two batches starting on Sept. 1 and Dec. 15, respectively.The new tariffs will cover vehicles, auto parts and farm produce such as soybean and corn. U.S. farmers and manufacturers will soon feel the brunt.Through more than a year of trade f...
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“Stability is the foundation of economic development just as rule of law is the foundation of civil society. Instability in Hong Kong, like instability anywhere, retards economic growth.” Dr. Robert Lawrence Kuhn told People’s Daily.The China expert continued to stress that “it is understandable that leading Hong Kong entrepreneurs have criticized the violence, which directly impacts the value of their assets, especially real estate. Some wonder why it took them so long.”Dr. Kuhn is an American public intellectual, international corporate strategist and investment banker. Over the past decades...
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Over past weeks, repeated attacks by violent radicals in China's Hong Kong Special Administrative Region (SAR) have caused law-based governance and freedom, the two things cherished the most by Hong Kong citizens, to be trampled on the ground.Anti-China forces in the U.S. have not only openly cheered the violent protesters on and made irresponsible remarks about the riots, but provided money, benefits, and advice to the rioters.According to Ta Kung Pao, one of the most important newspapers in Hong Kong, Hong Kong Human Rights Monitor, a non-governmental organization (NGO) which played a va...
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Recently, US Senator Mitch McConnell published a commentary in the Wall Street Journal titled “We Stand with Hong Kong,” blaming Beijing for the chaos that has rocked the city for three months. The op-ed comes on the heels of a host of public statements by US lawmakers, demonstrating that Hong Kong has become a tool in their game against China.In the article, McConnell said the turmoil is the result of Beijing’s systematic ratcheting up of its domestic oppression and its pursuit of hegemony abroad. He also wrote that every trading nation and democracy that values individual liberty and privacy...
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Chinese social e-commerce giant Pinduoduo received 110 million orders for produce during its 12-day online shopping festival to promote sales of agricultural products, the company announced on August 26.Twenty thousand online store owners participated in the activity. People in megacities and new first-tier cities bought nearly 40 percent of agricultural products sold through the platform. South China’s Guangdong province and east China’s Zhejiang and Jiangsu provinces ranked top of the list, followed by Shanghai.Known for offering group deals with big discounts, Pinduoduo has registered 483 m...
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