Platts:Taihu cul­ture US-China fo­rum trade­kicks off war next un­set­tlesweek en­ergy in­dus­try

China Daily (Canada) - - TOP NEWS - By LIU XUAN li­ux­uan@chi­nadaily.com.cn By MAY ZHOU in Hous­ton mayzhou@chi­nadai­lyusa.com

Lead­ing of­fi­cials and schol­ars from around the world will gather in Bei­jing next week for the fifth meet­ing It’s hard of to China’s dis­cuss the flag­ship en­ergy cul­tural in­dus­try’s fo­rum fu­ture to with­out dis­cuss con­sid­er­ing how to build the a tar­iff com­mu­nity stand­off be­tween with a shared China and fu­ture the US, for as mankind was ev­i­dent through in the cul­tural S&P Global ex­changes. Platts En­ergy Fo­rum on The Wed­nes­day. fifth con­fer­ence of the Taihu In an­a­lyz­ing World macroe­co­nomic Cul­tural Fo­rum, in­di­ca­tors a Chi­nese and NGO en­ergy that de­mand, pro­motes Clau­dio Chi­nese Gal­im­berti, cul­ture head and serves of de­mand as a plat­form and re­fin­ing for an­a­lyt­ics in­ter­na­tional at S&P Global non­govern­ment Platts, said that ex­changes, en­ergy price will changes be held and Oc­to­ber a stronger 17 to 19 dol­lar in the would cap­i­tal. have a smaller im­pact on con­sumer This en­ergy year’s de­mand meet­ing than calls a slow­down on all coun­tries in global to growth. pro­mote a Gal­im­berti shared fu­ture, con­sid­ers push China for and ex­changes the US among to still be dif­fer­ent in the tar­iff cul­tures ne­go­ti­a­tion and lead the stage. in­ter­na­tional If so­lu­tions can’t com­mu­nity be found, in and the if di­rec­tion China and of the cul­tural United States com­mu­ni­ca­tion de­scend into an and all-out co­ex­is­tence, trade war, it ac­cord­ing would im­pact to GDP Yan growth Zhaozhu, neg­a­tively, pres­i­dent he said. of the fo­rum. Ac­cord­ing to Gal­im­berti’s “We pro­jec­tion, call on peo­ple a trade from war be­tween cul­tural fields the US from and China would and around re­duce the US world GDP by to about shoul­der 1.5 per­cent his­tor­i­cal in re­spon­si­bil­i­ties 2019 and 2020, lead­ing and pro­mote the US con­nec­tiv­ity into a re­ces­sion. of dif­fer­ent cul­tures,” he For said. China, the pro­jected GDP The loss three-day would meet­ing be about is 1 ex­pected per­cent to and see 1.5 nearly per­cent a re­spec­tively, thou­sand caus­ing par­tic­i­pants many prob­lems. in­clud­ing govern­ment of­fi­cials Such from a sce­nario China, would Kyr­gyzs­tan, stop the up­ward Azer­bai­jan, trend for Poland, en­ergy de­mand, Italy, Egypt he pre­dicted. and other coun­tries, S&P as Global well Platts, as an ex­perts, in­de­pen­dent en­trepreneurs provider and of in­for­ma­tion, me­dia mem­bers. bench­mark prices and an­a­lyt­ics It en­com­passes for the en­ergy a series and of com­modi­ties ac­tiv­i­ties such as mar­ket, an open­ing also re­leased cer­e­mony, a re­port ple­nary on session, liq­ue­fied six the­matic nat­u­ral gas fo­rums, (LNG) high­end in Oc­to­ber to ex­am­ine the LNG dia­logues and a clos­ing cer­e­mony.

Par­tic­i­pants will dis­cuss top­ics such as in­ter­na­tional trans­porta­tion re­la­tions, econ­omy, sec­tor. cul­ture, The ecol­ogy, anal­y­sis the sug­gests Belt and that Road US-China Ini­tia­tive, LNG trades, the if in­ter­net, un­af­fected phi­los­o­phy, by trade dis­putes, so­ci­ol­ogy could and gen­er­ate tra­di­tional sig­nif­i­cant medicine ton-mile un­der de­mand this and year’s in­crease theme freight of “Cul­tural rates, while Di­a­logue: new LNG Build­ing ves­sel de­liv­er­ies a Com­mu­nity from 2018-2020 with are a Shared likely to be Fu­ture ab­sorbed for by Mankind”. grow­ing LNG de­mand.

The re­port dis­cus­sions pointed aim out that to en­cour­age US LNG re­quires peo­ple far more to ex­change ship­ping re­sources ideas and than learn its from In­doPa­cific each other com­pe­ti­tion to jointly to con­trib­ute reach the key to Asian the de­vel­op­ment mar­kets, where of China hu­man and In­dia civ­i­liza­tion, are the and driv­ing build forces a world of grow­ing with LNG last­ing de­mand. peace and se­cu­rity, open­ness That and trend tol­er­ance is set as to well con­tinue as com­mon as US pros­per­ity. liq­ue­fac­tion ca­pac­ity The is cur­rently fo­rum and only China about Daily one- third will of co-host a pro­jected the gath­er­ing, 2020 ca­pac­ity with of more the Chi­nese than 55 Peo­ple’s mil­lion met­ric In­sti­tute tons per of year. For­eign Af­fairs, The re­port the Palace said, Mu­seum, how­ever, the that Cen­tral the trade Lit­er­a­ture dis­pute and has His­tory raised some Re­search con­cerns In­sti­tute, about and a con­trac­tion the Uni­ver­sity in ship­ping of Chi­nese de­mand, Academy as Chi­nese of So­cial buy­ers Sci­ences re­align as their co-spon­sors, pur­chases of and spot will US LNG also car­goes re­ceive and sup­port re­place from them with the LNG Min­istry from of sources Cul­ture closer and to Chi­nese Tourism, ports. the China Fed­er­a­tion The risks were of Lit­er­ary ex­ac­er­bated and Art by US Cir­cles, com­mit­ments and the to Coun­selor’s make it eas­ier Of­fice for Eu­ro­pean of the coun­tries State Coun­cil. to buy Amer­i­can LNG by Founded re­duc­ing in trade 2008 bar­ri­ers, by China, in re­cent the fo­rum an­nounce­ments is a well­known from Wash­ing­ton, cul­tural pro­moter, the re­port and pointed has out. suc­cess­fully held four China con­fer­ences has im­posed in Suzhou, re­tal­ia­tory Jiangsu tar­iffs prov­ince on an ad­di­tional in 2011; Hangzhou, $60 bil­lion Zhe­jiang worth of prov­ince US im­ports, in 2013; in­clud­ing Shang­hai a 10 per­cent in 2014 and tar­iff Ma­cao on LNG in 2016, that and was in­vited ef­fec­tive peo­ple Sept 24. from all walks of “The life move to par­tic­i­pate has left Chi­nese in de­tailed buy­ers dis­cus­sions, scram­bling dia­logues for sub­sti­tutes,” and ex­changes. the re­port pointed out.

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