CEW Editorial

P03| China needs more “5G industry”

Cover Story

P14| Why does the United States sit as the “parasite” of the world economy

Robert Lethizer is ahawkish representative of Trump’s cabinet. He has been described as an“economic Hitler” or “enthusiastic economic aggressor”. In his capacity asdeputy trade representative of the United States, he forced Japan to sign theSquare Agreement, which greatly humiliated the Japanese. During the negotiationof the Plaza Accord, the U.S. tariff and trade list was converted into an“airplane” and thrown to the Japanese negotiator. When the Japaneserepresentative spoke, he took a bored or disdainful attitude and dismantled themicrophone beside him.

It is this man who is nowinvited by Trump to resume his old career as the United States traderepresentative.

Today, Lethizer’s testimonyat the meeting of the U.S. -China Economic Security Review Committee in the 10years since China’s accession to the WTO on September 20, 2010, has become thetheoretical support and ideological cornerstone for inciting the United Statesto engage in trade wars with China from all levels of government andopposition.

This cliche is worthless atfirst, but it can be repeated thousands of times or confused, so it must berefuted.

Based on such considerations,China Economic Weekly invited Huang Qifan, Vice President of ChinaInternational Economic Exchange Center, and Niu Wen, chief commentator of ChinaEconomic Weekly, to write in-depth analysis and systematically refuteLethizer’s fallacy in order to face up to it.

Exclusives

P28| Rare earth power

Special Report

P38| 5 questions about 5G

P43| New Regulation of Supreme Law on reduction of sentence and parole: blocking the backdoor for corrupt officials to escape sentence

P46| Tianmao 618’s Home Story: Up New and Down

Experience

P52| Several climaxes of economic construction before the Reform and Opening-up

Pictures

P58| Come to Guangzhou and experience Asia on the tip of your tongue

Macro&Policy

P64| Villas in Violation

Finance&Capital

P67| Tomorrow is the sale of assets: Hengtai Securities Resale Equity

P69| The post-90s generation of China who are going to have lunch with Buffett

P73| Is Grey Group a “thunder treader” or a “wise eye”?

P76| Yunnan Chengtou in the Vortex

Industry&Company

P79| “National Sixth” is coming, and the “National Five” is under great pressure

P81| Transnational giants evading the sound water explosion

P85| Can “China silver first share” achieve 300 million state capital shares as willingly

P87| Zhang Yiming is a mobile phone? Will you repeat the mistakes of hammer, beautiful picture and LOVE VISION?

P89| After Wang Jianlin broke his arm to survive, he made a comeback.

P92| Chongqing Lifan frustrated shared vehicle: “Wanda Vehicle” is accused of being difficult to refund

Region&City 

P97| Shenzhen attracts talents globally

Economy&Law

P94| The whistleblower retaliated against Zhang Jiahui and his wife, vice president of Hainan High Court

Opinions  

P100| The root of Sino-US trade imbalance from the data of Sino-US trade in the first five months

P102| Pay equal attention to “putting in charge” and improve the efficiency of tax administration

Column

P104| Great attention should be paid to the deep battlefield of trade warfare-the deployment of financial market to resist the enemy

P108| Game, don’t be the spiritual opium of left-behind children

Reading

P110| In 1969, doubtful entrepreneurs in Silicon Valley