Given that the US economy is driven by domestic demand, consumption in particular, instead of exports, a high rate of eco
nomic growth will widen the trade deficit, as it would have to import more products than it exports. In such a situa
tion, the implementation of large-scale infrastructure construction projects would further increase the trade deficit.
To make up for the increasing savings gap, the US needs to introduce and use more foreign ca
pital, which will further enlarge the trade deficit. Therefore, the US cannot simultaneously maintain a high g
rowth rate, invest massively in infrastructure, reduce the trade deficit and restrict the inflow of foreign capital.
What is really questionable is that, despite its contempt for over-regulation of the economy, the US administration has been tryi
ng to impose regulations on international trade, even for its trade partners’ domestic economic management.
pplication software platforms of the Fengyun satellites for weather forecasting, as well as climate and environment monitoring.
They also requested a range of services, especially in monitoring rainfall, droughts, dust stor
ms, heavy fog and lightning, in addition to training courses on Fengyun meteorological satellite data ana
lysis, remote-sensing applications and data collection.
Many countries along the Belt and Road have high mountains, deserts, oc
eans and a lack of accurate meteorological information. The number of me
teorological disasters in the regions is more than double the global average, the administration said.
Wei Caiying, deputy general-director of the National Satellite Meteorol
ogical Center, said that real-time disaster monitoring by meteorological satellites co
uld provide these countries with a scientific basis for disaster prevention and reduction.
n, who came to the main venue of the festival on Thursday with four friends.
“We went to Thailand for a vacation last month. The beautiful sunshine and beaches there
are enchanting,” the 54-year-old Beijing native said. “Now, we have a second chance to experience its food.”
Yang Lin, 26, who described herself as a foodie, also went to t
he gala. “I love Korean food most, except for Chi
nese cuisine, and I’m happy that Beijing is holding such a big food exhibition.”
Xu Hejian, a Beijing official in charge of the event, said visitors can see how Asian food i
s made at the venue and sample various cuisines made by more than 200 food enterprises.
Wuyutai Tea is one of the companies.It’s a good opportunity for the younger generati
on to learn more about traditional Chinese delicacies and desserts,” said Chen Huaji, an employee. “Tea is
quite an important element of Chinese culture, and the exhibition offers a stage to show off the essence of Chinese food and Chinese culture.”