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e technologies that it enables, are harnessed for the benefit of mankind while minimizing the risks to devel
opment, peace and security and human rights,” G
uterres said in a congratulatory letter to the expo. Miao Wei, minister of industry and information technology, said China has already made sig
progress in bolstering the big data industry with a string of big data platforms established in sect ors such as manufacturing, commerce, finance, transportation and medical care.
make a fresh push to integrate cutting-edge information technologies into the re al economy, including establishing a national
industrial data center, to better power the country’s sp rawling manufacturing sector,” Miao said at the opening ceremony of the big data expo.
detour before reaching a deal sooner or later, then the economic impact for consumers in China and t
he US, as well as other parts of the world, will be f
airly costly, said Chen Wenling, chief econ omist at the China Center for International Economic Exchanges.
they buy finished products or goods made from r aw materials and components, the tariffs still exist, Chen said.
ion will make goods produced by both countries less co mpetitive and cause large-scale job losses, said Chen.
uo, former vice-minister of commerce, said economic conflict s and trade friction between China and the US that draw global attention will happen fro
m time to time in the future, and these should be rationally regarded and prepared for.
American Soybean Association President Davie Stephens said on Tuesday.
Donald Trump threatened in a tweet on Sunday to increase tariffs. Stephens, a grower from Clinton, Kentucky, said that US farmers are in a tough situation, and with depressed prices
old stocks forecast to double before the 2019 harvest begins in September, farmers urgently need the China market. “We need a positive resolution of this ongoing tariff dispute, not further escalation of tensions,” he said in a release p
osted on the ASA web site. Nicole Kaeding, vice-president of federal and special projects at the Washington-based Tax Foun
dation, said that if the Trump administr
ation follows through on the president’s threat, it’s US taxp ayers, not Chinese taxpayers, who will pay the price — thanks to higher prices and fewer job opportunities.