Given that the US economy is driven by domestic demand, consumption in particular, instead of exports, a high rate of eco
nomic growth will widen the trade deficit, as it would have to import more products than it exports. In such a situa
tion, the implementation of large-scale infrastructure construction projects would further increase the trade deficit.
To make up for the increasing savings gap, the US needs to introduce and use more foreign ca
pital, which will further enlarge the trade deficit. Therefore, the US cannot simultaneously maintain a high g
rowth rate, invest massively in infrastructure, reduce the trade deficit and restrict the inflow of foreign capital.
What is really questionable is that, despite its contempt for over-regulation of the economy, the US administration has been tryi
ng to impose regulations on international trade, even for its trade partners’ domestic economic management.
peration in AI governance including laws and regulations, ethical norms and international rules,” Wang said.
The State Council issued a plan in 2017 that set benchmarks for China’s AI sector, with the value of core AI indu
stries predicted to exceed 1 trillion yuan ($145 billion) and make the country the global leader of AI innovation by 2030.
In December, Tianjin unveiled a three-year plan to boost the innovative development of seven AI-related indust
rial chains including independent and controllable information systems, smart security, big data, advanced co
mmunications, intelligent connected vehicles, industrial robots and intelligent terminals.
According to the plan, the government will build Tianjin into an AI in
novation center and a hub of AI industries and innovative applications by 2020.
en he visited a museum of broken relationships in Chengdu, capita
l of Southwest China’s Sichuan province, with two friends in January. They tho
ught it would be a good thing for Taiyuan to have a place for people to bury souvenirs from a failed relationship.
They acted fast and opened the museum after three months’ preparation.
The world’s first museum of broken relationships was founded in Croatia in 2006 by two artists, who
ended their four-year relationship and got the idea of setting up a museum to house their leftover personal items.
China has several museums of broken relationships now, in Nanjing, Chen
gdu, Xi’an, Wuhan, Beijing, Chongqing, Jinan, Harbin, Changsha, Guangzhou and Changchun.