recent and future tariffs will cut about 0.3 percent of global GDP in the short ter
m, with half stemming from negative effects on business and market confidence.
Failure to resolve the trade differences and further escalation in other areas, such as the auto
industry, which would cover several countries, “could further dent business and financial market se
ntiment, negatively impact emerging market bond spreads and currencies, and slow investment and trade“, the research said.
Experts urged the US government to stop its protectionism and proposed options for a resolution between the two countries.
Chen Wenling, chief economist of the China Center for International Economic Exchanges, said the US needs to correct moves that have
already added pressure to global economic prospects. Otherwise, it will “pay the price” for its protectionist behavior, she said.
old student from Xidian University in Shaanxi province, died from a rare cancer of the soft tissue. Wei was re
searching the disease on Baidu and came across an advertisement for treatments that proved ineffective.
After Wei’s death, Baidu announced a sweeping restructuring and optimization of its medical business, especially regardi
ng its paid listing practices. It also tightened regulations on medical promotion and enforced clear labeling rul
es that differentiate advertisements from credible medical information, according to media reports.
However, medical advertising remains one of the key sources of income for Baidu, and some are still trying to exploit the s
ystem. In April, the police in Shenzhen, Guangdong province, detained a team of medical fraudsters who drove up r
ankings on Baidu’s research results to promote faulty hospitals to patients, local authorities said.