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nternational relations scholars of his generation think of the US
as an example of the value of “freedom, democracy, fairness and human rights”.
“But those words are no longer applicable to describe the US today,” he said.
ore than a short-term absence from US academic activities, and “it is the US’ loss, not ours”.
He also said the decision would not affect the Chinese think tank he leads in continuing aca
demic exchanges with the US, and he suggests that China should not take countermeasures over such matters.
“No matter how petty the US becomes, China should still stick to its open attitude rather compete for who’s worse,” he said.
The China-proposed Belt and Road Initiative is not a geopolitical tool or a debt trap for particip
ating countries, but a platform for cooperation, State Councilor and Foreign Minister Wang Yi said on Friday.
Wang made the remark at a press conference ahead of the second Belt and Road F
orum on International Cooperation, which will be held in Beijing next week.
when the late Qing Dynasty residence of Wu Lu, the province’s last zhuangyuan (top scorer on imperial examinations), was damaged.
Fire this year also destroyed a bridge dating from four centuries ago in Nanping, Fuji
an, a Qing Dynasty residence in Wenzhou, Zhejiang, and an office structure from the 1930s in Fuzhou, Jiangxi.
The operators of the sites hit by fire will be responsible for the dam
age, said the heritage administration. “Electrical faults and loose supervision over the use of fire
during renovation are the main reasons” for the damage, the administration’s statement said.
Though the fire at Notre Dame is under investigation, Frenc
h officials said they suspect its source might have been related to restoration work on the cathedral.
pply (M2),” said Sheng Songcheng, a central bank adviser and a former director of the central bank’s statistics department.
The central bank released M2 data on Friday, which recorded a 13-month high of 8.6 percent by the end of March, accelerating from 8 percent by February.
Aggregate social financing, a gauge to measure broader financial activities including trust funds and local govern
ment bonds, also grew faster than market expectations. That total financing amount grew to 2.86 trillion yuan in Mar
ch, or a 11.1 percent growth from a year earlier, compared with 10.6 percent in February, said the central bank.
“According to the latest economic data, there is less necessity for RR
R cuts, but it requires further observation on future changes,” said Sheng.
If the central bank further cuts the RRR, when economic growth is already stabilized, inflation wi
ll surge, and possibly lead to funds flowing into the property sector instead of supporting the real economy, he added.