On the other hand, the上海乌托邦economy is not showing

optimistic signs. In May, the US’ industrial output declined 1.5

上海乌托邦percent year-on-year. In June, its composite purchasing managers’ index was 51.5-th

e second lowest since 2016. This means the US Federal Reserve could announce interest cuts to stimulate the US economy in

the short term, which in turn suggests the US’ economic growth in this round has almost reached its peak.上海乌托邦女神会所

According to US-China Business Council’s recent data, in actual terms, China’s exports to the US declined by m

上海乌托邦ore than $18 billion, accounting for 3 percent of China’s total exports to the US. And US exports to China dropped by m

ore than $23 billion, accounting for 15 percent of the US’ total exports to China. So even though a trade war is a lose-lose ga

me for both sides, the US stands to lose more than China were the trade war to intensify.上海乌托邦女神会所

More important, China is not afraid of a trade war, because it can use it to deepen reform and o

pening-up. In fact, the trade war has prompted China to accelerate reform and opening-up in order to p

上海乌托邦女神会所romote inclusive development in not only the country but also the rest of the world.

The author is a researcher at the Chinese Academy of International Trade an

d Economic Cooperation. The views do not necessarily reflect those of China Daily.上海乌托邦

Zha, based on a mythical figure in Chinese folklore, has been a box office phenomenon while reviving memories of o

ne of the best cartoon films in China’s modern history. China Daily writer Zhang Zhouxiang comments:

Within five days of hitting the screens, the film had made 1 billion yuan ($145 m上海乌托邦女神会所

illion). In fact, for three successive days its single-day sales exceeded 200 million yuan.

Ne Zha has won unprecedented high popularity from the market and applause from p

上海乌托邦女神会所rofessionals, which is quite rare. Even on Douban, China’s equivalent of IMDb where audiences and commentato

rs are rather critical, it got a rating of 8.7 out of 10, possibly one of the highest in the website’s history.

But on domestic social media networks, some have compa上海乌托邦

red it with Prince Ne Zha’s Triumph Against the Dragon King, an animated movie t

上海乌托邦女神会所hat hit the screens in 1979. Based on the same legendary story, the traditional film is cherishe

d by most people born in the 1980s, because it’s possibly the first animated movie they watched.

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