In the 1950s, the Amer 上海千花网try was seen as the

e prototype of how business should be run. Car company executives were seen as the most capable manage

 上海千花网品茶微信rs. In 1953, president Eisenhower chose Charles Wilson, known as “engine Charlie,” to be his Secretary of Defense.

Then, in 1961, president Kennedy chose Ford president Robert McNamara for the same position. (Of course, McNamara’s incredible mismanagement of the war in Vietnam reduced any confidence that car company executives were especially competent.)

By the late 1960s, the “big three “car companies in the US – General Motors, Ford, and Chrysler – formed a virtual oligopoly and turned lazy. 上海千花网

I remember American cars my father bought in these years often overheating and breaking down by the side of the road. Dad would have to stay by the car with my m

other and sisters while I walked a long way to find a service station and arrange a tow. (This was long before mobile phones.) 上海千花网品茶微信

So, American consumers were ready for more competitive Japanese-made cars, which had consistently high

er quality, to enter the market. My father switched to Japanese cars in the 1970s, and never bought another American-made car. 上海千花网

American car companies saw their profits fall and were not able to pay their workers t

he very high wages made possible by a closed, non-competitive market. The US government responded by

 上海千花网品茶微信imposing quotas on the import of Japanese cars and by pushing Japan to rapidly raise the value of the yen.

Obviously, there was a conflict. American consumers benefitted from the cheaper, better cars while workers at the big three saw their jobs become less secure and the

ir wages fall. Fortunately, the protection was only partial and temporary, so the competition eventually forced US carmakers to improve.

Competition is at the heart of the current disputes over globalization and technology. On net, the spread of econo 上海千花网品茶微信

mic opportunities around the world has been a great boon. Many products are more widely and cheaply available than ever before.

Many countries, including China and India, have greatly reduced poverty and given opportunities to their people that would have been undreamed of by earlier ge 上海千花网

nerations. American and Western European companies and consumers have greatly benefitted.

But nobody really likes competition against themselves. Most people like some degree of stability and protection. A worker w

ho has put in 20 or 30 years in an industry will definitely feel that it is unfair to have to move to a much lower-pa

ying service job. A company facing new competitors will try to convince its home government to stop the competition.

Americans saw many benefits from the second globalization period. As Japanese and, later Chinese, manufacturers began to export t

o the US, many consumer goods became a lot cheaper in US stores. Many American companies made good profits by exporting t

o the newly open markets or by outsourcing manufacturing to cheaper and/or better factories outside the US.

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One of the purposes of China opening up its capital acco

ount is to effect上海品茶微信女神会所ively use international resources, improve Chinese enter-prises’ co

mpetitiveness in the global markets, adjust its economic structure and change its economic d

evelopment model from quantitative growth to innovation-led qualitative development.

Supply-side structural reform key to progress

China should also deepen its financial system reform and accelerate the opening up of its capital account, because only

by deepening the financial sector’s supply-side structural reform can it improve its financial services en

vironment, meet the financing needs of its real economy, and become a leader in the global financial sector.

Since the yuan’s internationalization is an irreversible trend, China should take meas

ures to make the yuan a major international currency, expand its international influence. On the

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A group of boys on bicycles gather on a dusty side

Foot on pedal, 10-y上海龙凤女神会所ar-old Murtaja Qureiris is about to lead the group of a

round 30 children. In video footage obtained by CNN, he is wearing rolled up denim jean

s and black flip-flops on his feet, and grinning at the camera recor

ding the event. It may look like a regular bike ride, but the group is staging a protest.

Moments after they set off, Qureiris gets lost in the sea of boys, strug

gling to keep up as he lifts a megaphone and presses it against his lips. “The people demand human rights!” he shouts.

As a boy, Qureiris participated in demonstrations like this bike

ride, expressions of dissent in Saudi Arabia’s Eastern Province during the 2011 Arab Spring.

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The country’s GDP grew by 6.4 percent in the first quar

uarter, which represented the 14th consecutive quarter in the 6.4 percent to 6.8 percent range.

The country added 4.59 million urban jobs in the first four months, with total imports and expo

rts up by 4.3 percent year-on-year and its foreign exchange reserves remaining above $3 trillion.

Xi said there will be ample factors to reinfo

rce the steady, healthy and sustainable growth of the Chinese economy.

The president called the country’s large pool of resources a primary factor. C

hina has a population of nearly 1.4 billion, a 900-million-strong workforce, the w

orld’s largest middle-income population and over 100 million market entities.

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Minister General Wei Fenghe speaks at the Shangri-La Dialo

The People’s Liberation Army will adamantly support regional and world peace, but will not be

“bullied or preyed upon” by foreign powers into giving up national sovereignty and legitimate int

erests, State Councilor and Defense Minister General Wei Fenghe said on Sunday in Singapore.

Experts said Wei’s speech at the Shangri-La Dialogue, a key defense summ

it, marked a milestone in Chinese military diplomacy as Wei showcased the PLA’s confide

nce, positions on key issues and its sincerity and willingness to exchange and cooperate with other countries.

It is the first time in eight years that a Chinese defense minister has participated in the event.

Building a community with a shared future for mankind is the right path forward an

d the trend of the times amid growing uncertainty and instability around the world, he said.

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So by holding lectures, conducting dialogues and screen

ning movies related to the countryside and contributed by guest authors, the region’s local literary legacy can both be re-examined and extended.

Many modern and contemporary works of Chinese literature touch on common rural issues – childhood upbringing, family inheritance and people’s exp

erience of being stuck on the bottom rung of society – that have been rooted in Chinese farming culture for thousands of years.

China’s urbanization has been rapidly progressing to the extent that rural life has become

something unfamiliar to the majority of the population, which is very different from what it was like just three de

cades ago, according to Ge Fei, author and a Chinese literature professor at Tsinghua University in Beijing.

He was rst day of the festival, interpreting what it means to us when rural societies fade away.

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“I think there are advantages and opportunities on b

oth sides if we can get people to sit down and really look at how do we put these pieces together,” Holden said.

He listed infrastructure, energy, education and business-to-business relationships as potential areas of coope

ration between China and the US, and he suggested such cooperation could start from subnational bilateral exchanges.

“It’s so important to be working at the state and local level. Because in that fashion, by buildin

g these relationships now, hopefully we get a more stable relationship nationally going forward,” said H

olden.hina’s relevant government department decided to open an investigation into US shipping company Fed

Ex, for suspected infringement of Chinese customers’ legitimate rights and relevant laws and regulations.

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Ameesha Chauhan, who is in a hospital in Kathmandu

andu recovering from frostbite she contracted during crowded conditions, told AFP that cli

mbers without basic skills should be barred to prevent a recurrence of this year’s deadly season.

The 29-year-old Indian had to wait 20 minutes to come down from the peak. She saw some clim

bers without basic skills fully relying on their Sherpa guides. Officials should change the qualification cri

teria. Poorly trained climbers put their own lives at risk and also the lives of the Sherpas, Chauhan said.

Some climbers died due to their own negligen

ce. They insisted on reaching the top even when their oxygen was running out, she added.

New European Parliament reflects divided policy options

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All of this has inspired confidence that the Chinese eco

Chinese economy can reach its indicative growth target of 6-6.5 percent in 2019.

Lower growth rate may mean more room for adjustment

Most Chinese economists seem quite comfortable with this targeted range. One explanati

on is that China’s potential growth rate is 6-6.5 percent, and a target should be set accordingly. Another is that a

lower growth rate would give the economy more room for structural adjustment.

From 1978 to 2008, China averaged an impressive 9.5 percent annual g

rowth rate. Then the global financial crisis struck, causing growth to plummet from 9.7 p

ercent in the third quarter of 2008 to 6.6 percent in the second quarter of 2009. A 4-trillion-yuan ($640 billion) sti

mulus package, introduced in November 2008, soon brought about a powerful rebound, with GDP growth rea

ching 12.1 percent in the first quarter of 2010. But since then China’s economic growth has been declining, partly b

ecause the government withdrew its stimulus. Last year, China’s GDP grew by 6.6 percent.

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It was Washington’s decision to recognize Jerusalem

as the capital of Israel and Israeli sovereignty over the Golan Heights that fueled the massive protests from Palest

inians and the Arab world and deepened the enmity between the Palestinians and Israelis.

The Trump administration has closely aligned itself with Israel’s right wing, and on Su

nday night, US President Donald Trump reinforced this when he tweeted his “100%” su

pport for Israel’s actions, blaming the violence on “terrorist groups Hamas and Islamic Jihad”.

Israel and Hamas have fought three wars since the Islamic militant group s

eized control of Gaza from Western-backed Palestinian forces in 2007, but its leader Ism

ail Haniyeh said Hamas is “not interested in a new war” and is ready to “return to the state of calm” if Israel stop

s its attacks “and immediately starts implementing understandings about a dignified life”. In the past, Hamas has hal

ted attacks in return for the easing of an Egyptian and Israeli blockade imposed on Gaza.

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