Yang Jiechi, member of the Political Bureau of the Communist Party of China Central Committee and director of the Office of the Foreign Affairs Commission of the CPC Central Committee and Wang Yi, State Councilor and Foreign Minister,attended the ceremony.
"I think it is so important to show other Australians the different landscapes China has to offer. I think so many Australians, when they think about China, imagine the historical sites of Beijing and the exciting things to see in Shanghai but have no idea about other beautiful places, like Sanya or the many other places people have been taken to in this TV series," Bradley said.
China may be tempted to again respond in kind. But since it "only" imported a total of $131 billion of goods from the US in 2017, it may limit its direct retaliation options. Nonetheless, China can retaliate via other channels, including sales of US Treasuries, or by disrupting supply chains that are essential to US businesses.
An escalation of trade tensions represents a growing downside risk to our baseline global forecast as the US administration looks determined to reduce the US trade deficit and curb China's strategic ambitions stated in its "Made in China 2025" plan. With the US international trade data showing a rising trade deficit in February－the widest since 2008－and a cumulative deficit vis-à-vis China on the rise－the deficit was $65.2 billion year-to-date, up almost $11 billion than the same period in 2017－we (at Oxford Economics) fear trade tensions will escalate further in the coming weeks.
The agency will take over the foreign assistance duties of the ministries of commerce and foreign affairs, State Councilor Wang Yong said as he delivered the reform plan at a plenary meeting of the 13th National People's Congress.