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China has also recently announced a strengthened reg

gime of intellectual property rights protection. Again, this is what foreign negotiat

ors are seeking, but also is important for China’s own economy as it transitions to being a technology leader.

Trade agreements can affect the types of goods being traded and they can redirect trade toward one c

ountry, away from others. They cannot directly affect any country’s worldwide current account bal

ance. A country 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 gov

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

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US soy farmers call for cool-down of trade tensions

US soy farmers have urged Washington to work for a positive solution to the current tarif

f dispute with the world’s top oilseed buyer China, and avoid further escalation of trade tensions.

In a statement released late Tuesday, the American Soybean Association (ASA) described the t

hreat by US President Donald Trump’s administration to increase the tariff rate from 10 percent to 25 p

ercent on $200 billion worth of Chinese goods as the “worst case” for US soybean growers.

“This is a predicament for soy growers,” said Davie Stephens, ASA president and a soybean farmer from Kentucky.

“With depressed (soybean) prices and unsold stocks fo

recast to double before the 2019 harvest begins in September, we nee

d the China market reopened to US soybean exports within weeks, not months or longer,” he added.

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Rich Chinese parents also caught up in college admissions scandal

Paying millions of dollars to secure their children a spot at an elite college may

sound absurd to many parents, but some are willing to do this.

Nicole Shen, the Chinese mother of a high school student in Palo Alto, California, said she would be wi

lling to pay a pretty penny upfront to get her daughter admitted to a top-tier university if she could afford it. “As long as eve

rything is legal,” she added.Zhao, 52, was introduced to William “Rick” Singer, a college consultant in California and the mast

ermind behind the scandal, by Michael Wu, who worked as an adviser at the Los Angeles area branch of in

vestment bank Morgan Stanley, according to the Los Angeles Times. Wu has since been fired.

Two wealthy Chinese families have recently been in the spotlight and t

he subject of widespread discussion after media reports showed they paid huge am

ounts in a high-profile college admissions scandal. The sums they paid dwarfed the typical amount footed by US parents.

The highest-known payoff to date is the $6.5 million by billionaire Zhao Tao, president and co-founder of Shandong Buchang Pharmaceuticals Co.

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Lan Fei, marketing center director for Guangzhou Wei

meizi Industrial Co in Guangdong province, said people in lower-tier cities have huge consumption power.

In 2016, the company’s oral care brand Saky reached customers in lower-tier cities for the first time. Mor

eover, the quality of oral care products in this market varies, so there is huge potential.

In addition to traditional sales channels such as supermarkets and stores, Saky was introduced to co

nsumers in lower-tier cities by livestreaming hosts on social media platforms. The hosts used en

tertaining methods to introduce oral care products and educate consumers about the correct way to use them.

“On Kuaishou, the host placed some sesame powder on a piece of c

orn, showing that Saky’s electric toothbrush could easily wash it away,” he said. “The host

also held a Saky electric toothbrush against a balloon (which did not burst) to demonstrate that its power could not damage teeth.”

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As the state was looking for innovative ways to tackle

 the Asian carp problem, Kentucky awarded Yu its first-ever fish house contract in fall last year. Under the deal, Yu’s Kentucky Fish

Center will buy Asian carp at a guaranteed price, with part of this coming from a government subsidy.

All fish at the center will be sold by auction to buyers in the US or overseas. S

ales will be overseen by the Kentucky Department of Fish and Wildlife Resources.

Kentucky provided a secured $734,000 fixed-assets loan to help the center begin oper

ating. Additional incentives will be awarded every year based on performance.

The center needs to reach certain goals: to remove 2.26 million kg of Asian

carp from Kentucky waters this year and increase that amount gradually to just ov

er 9 million kg annually by 2024. If those goals are met, the loan will be waived.

The entire program will cost Kentucky about $4 million.

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In the past couple of years, Dong Biyong, a mille

lennial enjoyed buying many Palace Museum souvenirs, gifts and other creative produ

cts. “I tried quite a few from makeup kits, lipstick, blush, to various creative gadgets. They are good so

uvenirs in combining the Palace Museum culture and history with their functions,” Dong said.

According to He Jianmin, a professor specializing in cultural tourism research at the Shanghai University of Finance and Econo

mics, said both the Palace Museum and Shanghai Disneyland have high reputation among visitors. Since both bo

ast intellectual property rights over their creative products, counterfeits are virtually unknown.

Shanghai Disneyland, a $5.5 billion theme park, received more than 11 milli

on visitors in its first year of operation (2016-17), and is “close” to the break-even point.

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In a large-scale randomized clinical study over a period

 of eight years, Ma found Chinese patients with advanced nasopharyngeal cancer suffered more side

effects than benefits from the additional chemotherapy, which cost about 13,400 yuan ($2,000) per patient.

The findings, published in the journal Lancet Oncology in 2012, drew the attention of

Western experts, and the United States and Europe revised their treatment guidelines.

More recently, Ma added a new drug to the original dual drug ch

emotherapy regimen, and moved post-radiotherapy chemotherapy to pre-radiotherapy.

In another clinical study of 480 cases, Ma and his team found th

at this regimen increased the five-year survival rate of patients by 8 percent.

The nasopharynx is in the upper part of the pharynx behind the nose, connecting the nostr

ils and throat. The location makes it hard for doctors to operate, so radiotherapy is the first choice

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Tesla probes car self-ignition case in Shanghai

US auto giant Tesla said on April 22 that no one was hurt in a vehicle se

lf-ignition accident at an underground garage in Shanghai and it has sent a team to the scene.

According to the Xinmin Evening News, the self-ignition of a white Tesla sedan took

place at about 8 pm on April 21 at a community garage in Shanghai’s Xuhui district, whe

re residents living in the apartment building were evacuated following the accident.

Footage caught on a surveillance camera showed that thick smoke ro

se from the car, followed by huge flames. Cars parked nearby were also damaged.

Due to the irritating odor, firefighters closed the en

trance of the garage to spray water before going inside to clear out the fire.

Tesla said on its official micro blog that it has alerted related agencies and was cooperative in verifying the incident.

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Automobile exhibitors including Volkswagen, BMW

 Mercedes-Benz, GM, Toyota, Hyundai, KIA, Ford, Tesla, and Volvo will bring their latest cutting-edge products.

The new technologies in intelligent manufacturing, aerospace and robot will be displayed at eq

uipment showing area, and exhibitors such as Hexago, Boeing and Bombardier will show their products.

Newcomers such as GSK and Siemens Healthcare will display thei

r new products at medical equipment and healthcare products area with Roche, Novar

tis, Astrazeneca, Johnson & Johnson, Bayer, Philips, DH, Thermo Fisher, and Novo Nordisk.

The quality life showing area will set new place to display pregnant w

oman, baby, and children products, and high-end consumer goods. Enterprises such as L ‘Ore

al, Unilever, P&G, Lego, Estee Lauder, Shiseido, Amorepacific, and Kao will set booths in the area.

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Information compiled by the NGO from government docum

ents show that at least 162 sources of drinking water across the country have been aba

ndoned or were slated for suspension over the past decade, mostly in the south.

It said many areas in the south must receive water diverted from far

away because of local pollution. For some areas in the north, diversion is chosen beca

use of water shortages. Many places in Jiangsu province have turned to the Yangtze for water.

Previously, cities in southern Jiangsu relied on Taihu Lake, China’s third-largest fresh

water lake, and other local water bodies for their drinking water. This changed, however, after a major outbr

eak of blue-green algae in 2007. The incident forced Wuxi to temporarily suspend water supplies. After the inci

dent, major cities in the Taihu basin turned to the Yangtze for drinking water, the report said.

In Taizhou, located on the north shore of the Yangtze, Xinghua is the o

nly one of six areas administrated by the city that has yet to tap the Yangtze for its drinking wat

er. But a diversion project from the river was listed on the Xinghua government’s agenda last year.

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