Throughout the history of international trade, protectionism has been a spectre stalking the world. The Smoot-Hawley Act of 1930 was adopted to protect US businesses and jobs and to increase government revenue by raising tariffs on imported goods. It led to a wave of international retaliation and an exacerbation of the Great Depression. In 1933, US gross domestic product plunged by 45 per cent compared with 1929, and the contribution of trade to GDP dropped from 11 per cent to 6.6 per cent. History is a mirror. Last week the US government announced new protectionist measures against China, resulting in the S&P 500 losing well over tn in market value. The impact was also felt by the European and Asian markets. There is no need for history to repeat itself only for us to learn the straightforward lesson that there is no winner in a trade war.
Three teams started the last leg of the world's longest race tied on points. If either of the other two - Spanish MAPFRE and Dutch Team Brunel - finished first they would have walked off with the silver cup. But Dongfeng heeded the advice of its weatherman and took a route close to the German coast to win the day.
Tibetan antelope are mostly found in the Tibet autonomous region, Qinghai province, and Xinjiang Uygur autonomous region. The species is under first-class state protection in China.
Tian'anmen Square (and the Monument to the People's Heroes), Tai'erzhuang ancient town in Zaozhuang, Shandong province and the former residence of Mao Zedong in Xiangtan, Hunan province will be the top three red sites attracting tourists.
Three people who were suspected of illegally using the insecticide dichlorvos in raising sea cucumbers were brought under control on Friday in Qingdao, Shandong province, after an examination of local sea cucumber production.
Thursday's disclosure was the first time China has released the exact number of corrupt fugitives abroad.
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Thunders, gales and hails were forecast for areas of above regions, said the NMC.
Tibet has vowed to lift 140,000 people out of poverty in 2018, local authorities said. The total population in the region is about 3.2 million.
Tikhanovskaya came second with only 9.9 percent of the vote, data showed. Three other candidates received less than 2 percent support.
Thursday’s report said the court heard 1,544 lawsuits filed against the city’s district governments last year. Seventeen percent resulted in rulings favoring the plaintiffs.