TheJakartaPost
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Budget cuts led to a reduction in new irrigation networks planned to be built this year, from 10,000 hectares to 450 ha, as well as cuts in irrigation network rehabilitation from 45,000 ha to 16,000 ha and dam constructions from 16 new dams to only one dam this year.
The Alliance for American Manufacturing (AAM) on Friday published a report on China's excess industrial capacity that echoes concerns raised by the Biden administration and US allies in recent months, saying quick action was needed to stem a rising tide of cheap and subsidized exports that threatens US jobs.
Another online uproar erupted over the weekend after a video from the Kualanamu International Airport customs and excise office tried to explain about controversial regulations on carry-on goods for those traveling abroad.
Even after the latest trade regulation, offline sellers are still up in arms over cheap imported goods, which still proliferate online marketplaces – as the Post found out when it purchased two pairs of sneakers for less than $4 each.
China's imports contracted sharply in April, while exports grew at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of COVID curbs and heaping pressure on an economy already struggling in the face of cooling global growth.
