'No winner' in US-driven trade war

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On Monday, as China's annual parliament gathering begins, it is expected to ratify the proposal.

There are 21 items to either be introduced or amended in the constitution, including the removal of set term limits for China's President and Vice President, a move that might extend the presidential tenure of the current General Secretary of the Communist Party of China (CPC), Xi Jinping, indefinitely.

The Chinese system is new, Xi said, because it unites all political parties and people without party affiliation toward a common goal, effectively preventing the flaws of the absence of oversight in one-party rule, or power rotation and nasty competition among multiple political parties.

Last year's growth came in at 6.9 per cent but that was supported by a boom in bank lending and real estate sales that regulators are trying to rein in amid concern about debt that has soared to the equivalent of 270 per cent of annual economic output - unusually high for a developing country.

The finance ministry previous year said the defense budget would top 1 trillion yuan ($145 billion) for the first time, after the exact figure was initially kept out of public documents released at the start of the annual legislative sessions. "This is a common practice", he said.

The defence budget of the U.S. which is the highest in the world amounted to United States dollars 602.8 billion. He said it is only natural that there is some trade friction between the 2 countries.

China also set its consumer price index at "around 3%" unchanged from a year ago and 1.8% year on year on December 2017.

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Joe McNamee, executive director of European Digital Rights, described the Commission's proposal as "voluntary censorship". Since then, the Commission has been pleased with how the companies have improved their efforts to removing hate speech .

Zhang, however, did not address the question of numbers, saying instead that past increases by a "modest margin" had gone to equipment upgrades, training and improving welfare and living conditions for troops.

An amendment to the US Constitution approved in 1951 limits presidents to two terms in office. China has the lion's share of over $580 billion in bilateral trade with the US.

"To say that the Belt and Road Initiative is a geo-strategic tool, in my view, this is a misinterpretation of the initiative", Zhang said. "It is increasingly clear that China and Russian Federation want to shape a world consistent with their authoritarian model - gaining veto authority over other nations' economic, diplomatic, and security decisions".

AFTER news of Chinese President Xi Jinping possibly ruling his country into the indefinite future, a transcript has surfaced of Donald Trump saying he might do the same.

Acknowledging their contribution to achievements made in the past five years, Xi called on non-communist parties and people without party affiliation to enhance confidence in the path, theory, system, and culture of socialism with Chinese characteristics, consolidate political orientation and actively offer their suggestions.

"These trends should be deeply concerning to the Asia-Pacific region and beyond", he said.

All these concrete results fully demonstrate that the initiative has really responded to the trend for win-win cooperation and the shared aspiration for common development, he said.

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