Businesses and economists expect the new meeting of senior officials from Beijing and Washington to generate positive outcomes that not only will enable the two countries to avoid a trade war but also put the commercial relationship of the world's two largest economies on a more solid footing.President Xi Jinping's special envoy, Vice-Premier Liu He, arrived in Washington on Tuesday for economic and trade consultations at the invitation of the US government.Liu, also a member of the Political Bureau of the Communist Party of China Central Committee, led a delegation whose members come from major economic sectors of the Chinese government.The delegation members include Governor of the People's Bank of China Yi Gang, Vice-Chairman of the National Development and Reform Commission Ning Jizhe, Deputy Director of the Office of the Central Commission for Financial and Economic Affairs Liao Min, Vice-Foreign Minister Zheng Zeguang, Vice-Minister of Industry and Information Technology Luo Wen, Vice-Finance Minister Zhu Guangyao, Vice-Minister of Agriculture and Rural Affairs Han Jun and Vice-Minister of Commerce and Deputy International Trade Representative Wang Shouwen.Robin Xing, chief China economist at Morgan Stanley, said that while there still are risks and uncertainties that bear watching, negotiation and deescalation of tensions will likely be the endgame for the two countries."We maintain our longstanding view that the US and China will eventually negotiate a deal that will bring about a gradual and nondisruptive adjustment in the trade relationship, thereby limiting the impact of trade friction on economic growth," he said in a research note."Assuming the US does implement tariff hikes on $50 billion worth of goods from China, we believe the impact on China's growth could be partly cushioned by resilient global growth on the back of strong investment and improving productivity growth," he said.US businesses have voiced opposition to the proposed tariffs on $150 billion in Chinese imports announced by US President Donald Trump's administration.The office of the US Trade Representative started a three-day hearing on Tuesday about the tariffs proposed under the Section 301 of the US Trade Act of 1974, following an investigation into China's intellectual property practices. More than 2,700 comments were received.Apple Inc Chief Executive Tim Cook said in a recent White House meeting with Trump that he opposed the administration's approach on trade with China, according to a report by Bloomberg.Cook said his message focused on how cooperation can boost the economy more than nations acting alone.Jeremie Waterman, president of the China Center of the US Chamber of Commerce, said, "We welcome Chinese companies as very capable and powerful competitors. ... We don't think adding tariffs on Chinese products will benefit US businesses."The National Retail Federation, whose members include department stores, independent retailers, chain restaurants and grocery stores, also has opposed Trump's tariffs.David French, senior vice-president of the federation, was to testify on Wednesday about the difficulties associated with readjusting an existing supply chain."It's not as simple as flicking a switch and moving to another country," he told Inc. magazine. "Some countries don't have the port capacity to serve a market as large as the US, so even if you could find the manufacturing capacity, it could take longer to get it onto a container ship," French said.Zhong Nan contributed to this story.Contact the writers at [email protected] custom-rubber-bracelets
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A still image from a video shows senior women crossing their legs behind their heads. [Still image from a video / thepaper.cn] Click photo to view the video. Senior residents in an impoverished village in northern China have become high-level yoga practitioners in two years, with some even able to do advanced moves, such as standing upside down and doing splits, thepaper.cn reported. Better known as China's No 1 Yoga Village, Yugouliang village in Zhangbei county, Zhangjiakou city, Hebei province is a national-level impoverished village. The village lacks water and other natural resources, so it is hard to bring any investment project or capital into the village, said Lu Wenzheng, secretary of the poverty-relief working team that settled in the village in 2016. Young people go out to seek jobs, and those left are elderly, sick or handicapped, Lu said. Currently, there are 137 people from 67 impoverished households in the village. Not long before he settled in the village, Lu realized the villagers shared a skill that can be difficult for others. When Lu visited villagers' houses, he saw that villagers usually sat strait-backed but cross-legged on the kang, a heatable brick bed. The position reminded him of a similar one in yoga. Lu himself practices yoga. An idea came to him: why not ask the villagers to practice yoga together? The villagers are not in the habit of doing physical exercise. They always play cards in their spare time, said Jin Xiuying, a representative of the village's women's congress. She said villagers, including herself, had never heard of yoga. But her daughter told her it is very popular in cities and is good for health. If we want to become rich, we have to make our bodies strong first, said Jin, adding that many villagers suffered from slipped discs or hyperostosis, an excessive growth of bone. The village's leaders called on villagers to participate, but they reacted in different ways. Some said there were no facilities for yoga, while others wanted to give a try. At the beginning, seven women come to practice, said Zhao Yuhua, 72, who was in the first group to try it. When members of the first group told others how good yoga is, gradually men and other villagers joined in. The set routines of yoga practiced in cities do not work for our villagers, said Lu Wenzheng. Therefore, he combined some yoga movements with the villagers' daily working movements, such as pumping a bellows. Villagers are more familiar with the modified yoga routines and gain command of them quickly, he said. We practice yoga every day, with one hour in the morning and another one in the afternoon, said Guo Min, 72, As long as you keep on practicing, you will do it well. Zhang Zhimei, 72, used to have pain in her legs and could barely stand up. Last year, Lu gave her a series of illustrations of yoga movements to try. I practiced yoga according to the illustrations every day; now I can do these movements, Zhang said while demonstrating a martial arts squat on the ground. Photographer Zhao Zhannan witnessed the changes in the village. She used a camera to record the villagers' practicing yoga for more than a year and visited every household of yoga practitioners. The photos of senior citizens performing yoga with typical rustic scenery in the background won national awards and wowed netizens. As their stories quickly spread, the playground in the village was too small a stage for these yoga masters. The elderly were invited to stages at local and national TV stations to demonstrate their skills. I feel that the villagers' spirits are refreshed, Zhao said. Lifting morale goes before alleviating poverty. It is beyond the material level. All year, villagers practice yoga in the open air. It's very cold in winter, which is especially hard on the seniors. After seeing how difficult it is for them to keep on exercising, Lu has a goal. I want to build a yoga studio in the village, so that we will have a yoga studio with village characteristics next winter, Lu said.
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