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Trade agreements can affect the types of goods being

traded and they can redirect trade toward one country, away

from others. They cannot directly affect any country’s worldwide current account balance. A count

ry that saves less than it invests will have to borrow foreign funds to import foreign goods to make up that difference.

There are two ways to reduce the US trade deficit. A serious recession would reduce investme

nt, but nobody advocates that as a strategy. The only other path is to change the US financial and gove

rnment system to encourage increased savings. China has almost nothing to do with it.

Ironically, the disputes between the US and China center around both nations’ legitimate desires to

protect some current low-skilled jobs, or at least to allow an easier transition to new jobs and industries.

US administration’s economic policy has rightly focused on the need to

retain jobs for working-class people in the US. And, China’s companies that export to the U

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The General Office of the State Council will take cha

e charge of the task, according to the decree signed by Premier Li Keqiang.

All government services, unless otherwise specified by laws and regulations or involving state secrets, shall

be processed online in line with the procedures determined by the State Council, the decree noted.

Government service providers must not require enterprises or ind

ividuals to submit information that is already acces

sible through information sharing. Neither are they allo

wed to put the submitted information to other uses.

The decree also confirms the legal validity of electronic signatures, seals, certificates and archives.

The decree came into effect the day it was made public.

avnfi.cn

Before the drug was available on the Chinese mai

nland, there was little effective therapy for the disease, and patients depended mainly on treat

ment such as respiratory and nutrition supports, said Xiong Hui, Beijing Medical Association rare disease c

ommittee member and Peking University First Hospital deputy director of pediatrics.

Spinraza debuted on the Chinese mainland having been fast-tracked through the marke

t approval process for rare disease drugs, which, available overseas since July, are urgently needed in China.

The drug began the approval process in September and was issued a license in February.

Premier Li Keqiang said in February that the government will step up efforts to gua

rantee more than 20 million rare disease patients have access to required medication.

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Chinese Navy to send huge fleet to take part in sea parade

Chinese Navy will send 32 warships and 39 aircraft to take part in a joint sea parade in waters near Qingdao.

Nearly 20 ships from about 10 countries will participate in the sea parade on Tuesday, deputy commander of the PLA Navy Qiu Yanpeng said.

A Singapore Navy frigate arrived on Friday in Qingdao, Shandong province, becoming the first for

eign warship to arrive ahead of a grand event to honor the 70th birthday of the People’s Liberation Army Navy.

The PLA Navy will hold multinational naval activities in Qingdao and nearby waters from Mo

nday to Thursday to celebrate its founding anniversary. They will include a joint sea parade, high-level sy

mposiums, public tours of ships, military music performances and other cultural exchanges.

A press center opened on Wednesday in Qingdao for the upcoming multi

national naval activity.eputy commander of the PLA Navy, attends a press conference for the u

pcoming multinational naval activity to mark the 70th anniversary of the People’s Liberation Army Navy at t

zzyosj.cn

If the nose of the Boeing Max 8 model rises, threaten

ning a midair stall, the MCAS system automatically points the plane’s nose down

to gain speed needed to stay aloft. Boeing added larger, more fuel-efficient engines to upgr

ade the existing 737 airframe to compete with European rival Airbus. The new engines are positioned close

r to the fuselage, changing the aircraft’s aerodynamics and pushing the nose up in certain conditions.

Boeing created MCAS to make the new Max planes handle more like previ

ous versions of the 737, a popular model used by airlines around the world. Some in the aircra

ft industry, including pilots, have said Boeing did not provide adequate notice of the new plane’s flight ch

aracteristics or how to shut off the new anti-stall device if necessary. A group of pilots in

dependently compiled and circulated a 13-page manual about the new system. Oth

ers have said Boeing provided adequate notice of the changes and how to disable MCAS.

The version of MCAS installed on the Ethiopian Airlines pl

ane had relied on information from one sensor that sent back bad information.

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Fourth, the daunting challenges that China faces at this po

point in its economic development are far more important than whether its slowdown is

a gap or a trap. What comes after the catch-up to advanced economies operating on the technological frontier? This

is where China’s stated goal of shifting from imported to indigenous innovation comes in. Middle-versus high-inco

me status is a relative comparison for developing economies seeking to operate on that frontier. Notwithstanding the

temporary effects of periodic exogenous disturbances-such as deleveraging, global slowdowns, or even trad

e wars-catching up to the frontier and joining others pushing to move beyond it is the ultimate reward of economic development. That goal is ensh

rined in President Xi Jinping’s aspiration for China to achieve high-income status by 2050.

And fifth, productivity growth is far more important than GDP gro

wth in determining a country’s development prospects. As such, I would be far more wor

ried about China falling into a productivity trap than a GDP growth trap. A new study on total factor prod

uctivity (TFP) by a team of Chinese researchers offers some comfort here. Like the work of Pritchett and Summers, thi

s latest assessment of Chinese TFP growth reveals several discontinuities over the past 40 years.

a3o5.cn

Extra pilot averted disaster on previous Boeing 737 Max 8 flight

An off-duty pilot in the cockpit of a Boeing 737 Max 8 jet jumped in to help

crew disable a malfu

nctioning flight-control system as it experienced difficulties in October, according to Bloomberg.

The next day, with a different crew, the same plane crashed into the sea off Jakarta, killing all 189 people on board.

On doomed Lion Air Flight 610, pilots searched in a handbook f

or a way to stop the plane from nosediving, according to an exclusive Reuters report.

Reuters cites the information from three people with knowledge of the contents of the cockpit voice recorder that has never been made public.

Indonesia’s National Transportation Safety Committee (KNKT) has refused to comment to CNN on the content of the voice r

ecorder as the investigation is still ongoing. Boeing also refused to comment to CNN on the matter Wednesday.

Indonesian authorities found the cockpit voice recorder in the Java Sea on January 14 and said it could take up to a year to publish a full report into the crash.

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The Olympic giant slalom champion won three giant slalo

  Hirscher’s season tally of 10 wins was reduced to nine after the Court of Arbitration for Sport upheld Stefan Luitz’s ap

peal against a doping violation and reinstated the German’s victory in Beaver Creek on December 2.

  Luitz was disqualified when he was photographed inhaling oxygen from a mouthpiece between the fi

rst and second runs. The International Ski Federation (FIS) ruled it was against anti-doping rules at FIS events. Luitz lodged an app

eal on January 29 and it was heard on March 11. The panel ruled that the World Anti-Doping Code prevails over FIS laws.

  ”FIS fully accepts the decision of CAS and all World Cup records and the World Cup star

ting list for giant slalom has been adjusted to reflect the decision,” said an FIS statement.

  Visit CNN.com/Sport for more news, features and videos

  Pinturault won the giant slalom in Andorra to seal second place on the overall season standings and become the most s

uccessful French ski racer ever with a 23rd World Cup win, eclipsing compatriot Carole Merle, who retired in 1994.

chinacctm.cn

Then Trump claimed — wrongly — that the EU was unwillin

  g to “negotiate with the Obama administration” about trade. In fact, the prev

ious administration sought to conclude a Transatlantic Trade and Investm

ent Partnership — or TTIP — with Europe, though was unable to get the deal across the line. Trump’s own talks on t

rade with Europe have been inconclusive, after he threatened to spark a trade war.

  Trump vs. his global counterparts

  Trump’s comments on Brexit also illustrated the tendency of a Pre

sident who admires dictators to throw allied leaders under the bus.

  He criticized Prime Minister Theresa May, whose credibility has been shredded by parliamentary defeats.

  ”She didn’t listen to that and that’s fine, I mean, she’s got to do what she’s got to do,” said Trump, who was forced into

a rare apology last year after hammering May’s Brexit strategy on the eve of meeting her in the UK.

www.yuyingleyou.com.cn

He promised to address allegations of corruption reve

  ealed in a report in January in an effort to draw some of the energy out of the opposition campaign to unseat him and President Jovenel Moise.

  But his mention of Roberto was seen as nothing more than lip service in the Miron slum, where Roberto and his mother s

hared one room. She and her family now believe whoever killed her son may seek them out for revenge if they keep talking.

  ”Ever since his death they’ve been threatening us. They said that if we don’t shut up about this case we will get it, ‘We know where you work’. That’s what they said.”

  ”They’ve been threatening us by phone. They said that, ‘We know you work at the hosp

ital so if you don’t shut up about this case we will find you’. That’s what they said,” Pricil insisted.

  A surviving son, Jovency Journal, 24, showed CNN text messages in Creole.

  ”I see you have been active on the Roberto case. Be careful not to follow him,” said one.

  Another threatened: “We’ll do to you worse than what happened to Roberto – they might not even be able to find your body”.

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