Criticism / Suggestions » Friday, the econ

BEIJING JK Scott Jersey , Feb. 4 (Xinhua) -- China firmly opposes the Nuclear Posture Review (NPR) published by the United States Department of Defense, a spokesman from China's National Defense Ministry said Sunday.


The U.S. document presumptuously speculated about the intentions behind China's development and played up the threat of China's nuclear strength, spokesman Ren Guoqiang said.


The 74-page report cast China as "a major challenge to U.S. interests in Asia," saying the U.S. strategy for China is designed to "prevent Beijing from mistakenly concluding that it could secure an advantage through the limited use of its theater nuclear capabilities or that any use of nuclear weapons, however limited, is acceptable."


Ren reaffirmed that China will resolutely stick to peaceful development and pursue a national defense policy that is defensive in nature.


China has adhered to the policy of no-first-use of nuclear weapons at any time and under any circumstances. Under no circumstances will China use or threaten to use nuclear weapons against non-nuclear-weapon states or nuclear-weapon-free zones, he said.


China has always exercised the utmost restraint in the development of nuclear weapons and limited its nuclear capabilities to the minimum level required for national security, he added.


The United States, which possesses the world's largest nuclear weapons arsenal, should conform to the irreversible world trend of peace and development rather than run in the opposite direction, Ren said.


"We hope the U.S. side will discard its 'cold-war mentality,' shoulder its own special and primary responsibility for nuclear disarmament, understand correctly China's strategic intentions and take a fair view on China's national defense and military development," he said.


He urged the U.S. side to meet China halfway to make military relations between the two sides a stable factor in bilateral relations, and jointly safeguard global peace, stability and prosperity.




The National Football League has named Chinese pop star Kris Wu the official Super Bowl 52 ambassador for China. The 27-year-old also performed at the pregame show to become the first Chinese artist to sing at a live concert before the big game.


As one of the most influential artists in China, Wu has a large fan base in his home country, with over 28 million followers on China's Sina Weibo platform, and 5.8 million on Instagram.


The singer has topped the music charts in China with his single "Juice," and has recently become the first and only Chinese artist to hit number one on iTunes with his newly released single "Deserve."


Wu expressed his gratitude to the NFL and the Host Committee for the invitation and said, "It is my pleasure to be named ambassador to one of the world's most recognizable sports and entertainment events."


Wu also participated in the National Basketball Association All-Star Weekend last year. Stephen Curry of the Golden State Warriors and Russell Westbrook of the Oklahoma City Thunder both sent messages of support to Wu.


The Super Bowl is the annual championship game of the NFL, a professional American football league, as well as the culmination of a regular season that begins in the last summer of the previous year. It is the most-watched TV show in the US, with 111.3 million people tuned in during last year’s Super Bowl LI.


Wu frequently appear in the world’s renowned fashion and sports occasions as well. He walked the runway for Burberry at the London Fashion Week in 2016, and has played at the NBA All-Stars in 2016 and 2017.


The Super Bowl Live’s stellar lineup this year also included Brother Ali, Skylar Grey, X Ambassadors and many others led by Grammy-winning music producers Jimmy Jam and Terry Lewis.


Tencent Sports, one of China’s top digital streaming media outlets, covered the Super Bowl LII games, other events, as well as Wu’s performance and gameday experience.(Agencies)


WASHINGTON, Feb. 27 (Xinhua) -- U.S. economy in the fourth quarter of 2014 expanded at a slower pace than estimated despite robust growth of personal consumption spending.


According to the second estimate from the U.S. Commerce Department on Friday, the economy expanded at a 2.2 percent annual rate in the fourth quarter of 2014, revised down from the advance estimate of 2.6 percent.


The economy grew 5 percent in the third quarter and 4.6 percent in the second quarter after contracting in the first quarter of 2014. In whole 2014, the economy expanded 2.4 percent year on year, compared with an increase of 2.2 percent in 2013.


The Commerce Department said in a statement that the revised- down figure mainly reflected that the private inventory investment increased less than previously estimated.


The broad data in the fourth quarter showed a mixed picture for the economy. Personal consumption expenditures expanded at the fastest pace in four years, while business investment, government spending and exports decelerated.


Personal consumption spending, which accounts for about 70 percent of the U.S. economy, contributed 2.83 percentage points to the GDP growth in the fourth quarter, higher than its 2.21- percentage-point contribution in the third quarter. In the fourth quarter, the consumption expenditure increased 4.2 percent, compared with an increase of 3.2 percent in the third.


Consumption growth continued to trend upward as consumers' economic optimism remains near post-recession highs. A separate report showed Friday that U.S. consumer sentiment in February fell to 95.4 from 98.1 in January, an 11-year high level. The decline from January's historic high still left consumer confidence at the highest levels in eight years, according to a joint survey conducted by the Thomson Reuters and University of Michigan.


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