Skip to content
Asia and Pacific Department Deputy Director Kenneth Kang, summarized that “China can play an important role and wou
ld benefit from further opening up and other structural reforms that enhance competition.”
The previously issued policy is sufficient to stabilize growth by 2020, desp
ite the recent US tariff hike, according to the fund’s report. “No additional policy ea
sing is needed, provided there are no further increases in tariffs or a significant slowdown in growth.”
Only if the trade tensions further escalate and threatChina’s Dragon Boat Fes
tival, or Duanwu, is just around the corner. Also called the Double Fifth Festival, the hol
iday, which falls on June 7 this year, is celebrated on the fifth day of the fifth month of the lunar calendar.en economic and
financial stability, additional policy easing, such as fiscal expansion, could be used to stabilize the economy, it said.
also learned to do acupuncture and cupping therapy. He said that he likes to study the philosophy contained in Chin
ese medicine, the balance of yin and yang and the five elements, which is also helpful for practicing tai chi.
Haase has been to many cities in China, including Beijing, Xi’an, Shanghai and Harbin. He found that every city in China has its ow
n characteristics. Haase’s hometown Victoria and Changsha have a longstanding friendship. He has made m
any local friends in Changsha, where also met his tai chi teachers, Chinese medicine teachers and his wife.
Haase thinks the most attractive aspect of Chinese culture is Chinese philosophy and Taoism. He has adapted the slow-pace
d lifestyle described in the Tao Te Ching, a book written by Lao Zi, the founder of Taoism. “The pace of life for mod
ern people is too fast. I think everyone should learn from the Tao Te Ching,” he said.
nd for decades and witnessed local farmers’ continuous battles against sandstorms.
“It didn’t just feel like a black storm, it was as if the whole desert was approachi
ng,” recalls Liu Conghui, a writer who was born, and still lives, near the farm Wang once worked.
As the menacing sandstorms made the area increasingly inhospitable, Liu’s whole community planned to up sticks.
To restore the local ecosystem, the Chinese government launched
a 10.7 billion yuan ($1.6 billion) project in 2001. A set of measures were adopted such as sav
ing water, converting farmland into grassland, providing treatment for dry riverways and building dams. In addition to t
hose measures, industrial and agricultural use of water in cities and counties along the river was limited.
Over the past two decades, Xinjiang has infused 7.7 billion cubic meters of water into
the dry trunk stream of the lower reaches of the Tarim River in 19 rounds of water diversion.