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.
powerplants, human performance, weather, airports and other ar
eas,” the agency said, adding that it expects to brief the media later in the day.
The plane, chartered from Miami Air International, was attemp
ting to land at about 9:40 pm local time amid thunder and lightning when it slid off the runway and
came to rest in the shallow water of the river, authorities and passengers said.
The military base is on the western bank of the St. Johns River about 8
miles (12.87 km) south of central Jacksonville, about 350 miles (563.27 km) north of Miami.
Miami Air International is a charter airline operating a fleet of the Boeing 737-800, diffe
rent from the 737 MAX 8 aircraft that has been grounded following two fatal crashes involving that plane.
Representatives of the airline did not immediately reply to requests for comment.
conomy and Informatization, the trade-in program targets the 603,000
vehicles complying with State-III emissions standards or below in this city.
Shanghai also encourages owners of public service vehicles — such as buses, sanitation vehi
cles, postal cars, taxis and light logistics vehicles — to replace their current vehicles with electric ones.
The city will improve auto financing, leasing and used car trading, as well as the construction of charging poles and hydrogen
refueling stations, to promote the use of new energy vehicles, the commission added.
The Shanghai Automotive Industry Corporation G
roup (SAIC), China’s largest automobile manufacturer, has set up a 3 billion yuan fu
nd to support the trade-in program, with trade-in models limited to its Roewe, MG and Maxus brands.
A gasoline vehicle trade-in would enjoy a subsidy of 10,000 yuan per vehicle, while a new en
ergy vehicle trade-in would receive a subsidy of 15,000 yuan, the manufacturer said.
In fact, the group had lowered prices of its Roewe- and MG-branded
vehicles last month, in response to China’s VAT reduction policy that started April 1.