The alleged stabbing murder of a department head at one of China’s top universities by a junior teacher has exposed a system which many claim exploits young staff. Jiang Wenhua, a teacher at Fudan University, one of the top five universities in China, allegedly killed his boss Wang Yongzhen, head of the School of Mathematical Sciences, on campus on June.
Tu Xinquan, dean of the China Institute for WTO Studies at the University of International Business and Economics in Beijing, said: “Through the increased tariffs on Chinese goods, US hoped to reduce the trade deficit with China, transfer costs to Chinese exporters, and force companies to move their supply chain activities out of China to the US or other countries.
“But such expectations have failed, while the tariff surges have damaged US companies’ competence, dragged down US economic development, and hurt US people due to consequently higher product prices and fewer jobs.”
The US trade deficit with China has increased, and US companies are bearing the brunt of elevated tariffs on Chinese goods, Tu said, citing a recent report by rating agency Moody’s Investors Service.