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.
lliance on international disaster risk reduction, which included around 30 institution
s and universities from countries including Italy, Belgium, Nepal, Pakistan and Sri Lanka.
The alliance will serve as a new platform for international coordinati
on and provide scientific support for disaster relief and sustainable development.
The conference was co-hosted by the Chinese Academy of Sciences, the China Association for Science and Technology, the U
nited Nations Environment Program, the UN Office for Disaster Risk Reduction and the Alliance of Int
ernational Science Organizations, a group created to connect the scientific communities of BRI participants.
Bai Chunli, president of the academy, said in the conference’s opening ceremony on Saturday that areas along the Si
lk Road are prone to various natural disasters that have resulted in massive loss of life and economic damage.
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.