After his inauguration, US President Donald Trump has begun to reset the White House trade policies. But the consequences of his "America First" stance could be disastrous.
President Donald Trump was sworn into power on Friday, assuming a tremendous amount of responsibility for the welfare and security of Americans. And as the United States is the world's sole superpower and highly interdependent with the rest of the world, Trump also shoulders great responsibility for global peace and development.
The United States' foreign friends and partners had hoped that as the new US President, Donald Trump might temper the aggressive rhetoric he employed when campaigning, and that somehow, as one commentator put it, "the trailer would turn out to be worse than the movie".
Chinese companies are showing more ambition to reach into the international market, especially in the rapidly evolving technology sector, with a major acquisition announced on Thursday.
Viacom Inc's Paramount Pictures reached a co-financing agreement with Shanghai Film Group and Huahua Media that will help the money-losing studio pay for movie production over the next three years.
China National Chemical Corp said it filed for US antitrust approval with the Federal Trade Commission for its proposed $43 billion takeover of Swiss agrochemical company Syngenta AG.
The improvement in demand for investment will help consolidate the foundation for domestic economic growth in the current year, after fixed-asset investment in the private sector witnessed a mild uptick at the year-end of 2016, the National Bureau of Statistics said on Friday.
The National Bureau of Statistics announced on Friday that the added value of industrial enterprises above designated size - defined as State-owned and non State-owned industrial companies with annual revenue of over 20 million yuan ($2.9 million) - rose 6.0 percent year-on-year in 2016, the same as that in the first three quarters.
China's domestic consumption has remained a strong contributor to the economy, helping drive it as the country has undergone economic restructuring in recent years - but last year it flagged, according to the latest official statistics released in Beijing on Friday.
The real estate sector's contribution to overall gross domestic product growth is likely to drop significantly in 2017, according to the head of the National Bureau of Statistics.
The macroeconomic data out of China was better than expected in 2016, due in large part to an expansionary fiscal policy, some rebound in the housing market and, true to form, an ample supply of credit. As a result, the weakness in the secondary sector was surprisingly contained. Credit losses were avoided; impairments have only gradually manifested in financial institutions' balance sheets. Deflationary pressures subsided as supply-side reforms gave life to producer prices, helping to support profit margins and reducing the debt burden.
China's regions which boast balanced economic structures took the lead in the growth stakes throughout last year, while more inner regions that used to lag behind are catching up through industrial upgrades, the latest regional economic data has showed.
|
|
|
|
|
|
|
|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
