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But it's not only the speed or quantity of growth that may make China a sustained engine for global economic growth. With policymakers reiterating the importance of "high quality growth," China's economy is entering a new era.
But fast-forward to 2019 and the old impression of China being exclusively a manufacturing powerhouse is starting to fade. Whether it is international scientific breakthroughs or exciting technological innovations, China’s contribution to global development is becoming more and more prominent.
But in a series of trade acts, Congress has delegated most of the power to the president. The 1934 Reciprocal Trade Agreement Act gave the president growing authority to negotiate trade deals and the US Trade Act of 1974 gave the president trade promotion authority to facilitate negotiations.
But he acknowledged that he still has to fill in some of the blank spaces in his plan. For example, there’d have to be international agreements on the conduct of space salvage operations, and a clear delineation of private property rights for salvageable hardware. Questions about such issues have been under debate for more than half a century. Now they’re quickly moving from the purely theoretical realm to the real world — and perhaps, real-world disputes.
But he also said that was also why the bond trading link was a mammoth project, which called for a massive infrastructure buildup from scratch in order to set up a framework for clearing, custody, execution and settlement operations, and a lengthy construction period.
来源：资阳报