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"The Belt and Road Initiative has transformed Xinjiang into a gate that opens to the west," said Nan.
Being constructed by Xe Pian-Xe Namnoy Power Company, a joint venture of South Korean, Thai and Lao companies, the hydroelectric power project is estimated to cost 1.02 billion U.S. dollars, and to have an annual electricity generation of approximately 1,860 GWh.
The additional duties will take effect at 12:01 on Aug. 23, 2018.
In August 2017, the United States unilaterally launched the Section 301 investigation against China despite opposition from China and the international community. The United States released a Section 301 investigation report in March 2018 and imposed 25 percent tariff on 34 billion U.S. dollars of Chinese exports to the United States on July 6 in disregard of 91-percent opposition in the comments it received. On July 11, the United States further escalated the situation by announcing a tariff list of Chinese products worth 200 billion U.S. dollars. Domestically, the 301 investigation runs counter to the U.S. President's Statement of Administrative Action approved by Congress; internationally, it has violated its commitment made in the resolution of the GATT trade dispute with the European Community in 1988. The tariffs are typical unilateralism, protectionism and trade bullying. They are a clear violation of the basic WTO principle of most-favored-nation treatment as well as the basic spirit and principles of international law.
In less than a month, 74 of the 100 measures have gone into effect. The further opening-up is not only a choice of Shanghai, but also a showcase of China's determination to deepen reforms to embrace the world.