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      Raging wildfires put historic Canadian town at risk

      2024-08-02 17:19 Last Updated At:22:57

      Raging wildfires which have ripped across parts of Canada's British Columbia in recent weeks have put the Barkerville Historic Town, one of the province's largest historical tourist destinations, dangerously at risk.

      Sweltering conditions from a heat wave which has gripped Western Canada since early July resulted in many wildfires breaking out, with more than 300 fires erupting across British Columbia towards the end of last month.

      One blaze came very close to the Barkerville Historic Town, which was named after a British prospector who found gold there in 1862, forcing it to be closed to the public while firefighters tried to secure the area.

      The town has been recognized as a national heritage site in Canada for around a century, with many of its historic buildings being restored and maintained to retain their original look.

      The small town also drew an influx of Chinese miners during the 19th century gold rush, where traces of their past lives are still preserved. A total of 125 heritage buildings are still in use in the town, making it a living history museum.

      "We do have a large repository of Chinese artifacts. Barkerville's population at the height of our gold rush was one-third to one-half Chinese," said Stewart Cawood, the town's manager for public programming and media.

      Following nearly two weeks of closure amid evacuation orders, the historic town was set to re-open on Friday, according to a notice published on a British Colombia tourism site.

      Raging wildfires put historic Canadian town at risk

      Raging wildfires put historic Canadian town at risk

      Raging wildfires put historic Canadian town at risk

      Raging wildfires put historic Canadian town at risk

      Raging wildfires put historic Canadian town at risk

      Raging wildfires put historic Canadian town at risk

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      Potential China-US trade deal could benefit world economy: British entrepreneur

      2025-01-23 02:00 Last Updated At:02:17

      A potential trade deal between United States and China, the world's two largest economies, could benefit not only the two sides but also the global economy as a whole, said renowned British entrepreneur Martin Sorrell on Tuesday.

      In an interview with China Global Television Network (CGTN) on the sideline of the World Economic Forum in Davos, Switzerland, Sorrell, the Founder and Executive Chairman of the digital advertising and marketing services provider S4 Capital, shared his perspective on the evolving global economic landscape.

      He said that the world is facing slower economic growth and highlighted the U.S. and China as key players for driving global economic expansion.

      "You look at the world in a different way. You focus on where the growth is. So where's the growth going to be? The U.S. is going to be strong. The U.S. economy, S and P 500 Earnings this year will be up 11 percent, that's the forecast; next year, 7 percent. That's the biggest determinant of advertising growth is corporate profitability be strong, so the U.S. will be strong. Asia, very strong. If you're big in China, like Apple or Tesla, or indeed LV, you want to be bigger; If you are small in China or underweight, you probably want to be bigger. So with that one caveat, China is obviously remains really important," said Sorrell.

      Donald Trump, who was sworn in as the 47th president of the United States on Monday, has repeatedly vowed to implement additional tariffs on a broad range of trading partners, including China.

      Noting that the combined GDP of the U.S. and China has reached 46 trillion U.S. dollars, accounting for over 40 percent of the global total of 106 trillion U.S. dollars, Sorrell suggested that Trump's business instincts could lead him to negotiate a trade deal with China, benefiting both countries and the global economy.

      "The U.S. is 28 trillion [U.S. dollars]; China, 18 trillion out of 106 [trillion], so 46 [trillion], by far the biggest part of the world economy. I think Europe is about 18 [trillion] as a whole, but no individual countries like this. So that's the most important issue. There seems to be a bit of delay in relation in considering Chinese tariffs, may be going first on Canada and Mexico rather than China. So maybe we'll see, maybe there is the hope of a deal. And I hope there will be a deal, because I think it will be good for the world, and for obviously, for both economists, they would if it happens. President Trump wrote the book, the Art of the Deal, and he's a negotiator, and he wants to do the best financially for America, and financially for America maybe a deal with China in trade is the best thing," he said.

      In terms of China's economic outlook, Sorrell said he expects the Chinese economy to strengthen, adding that he thinks China will shift its trade policy to focus more on the markets that take up nearly 60 percent of the global GDP.

      "My view is that it is a multipolar world. And the Americans, I can say this as British, the Americans and indeed the British have got to understand that the plates are shifting, that the Global South, the BRICS, the Next 11 are becoming more important. I look forward to a world which will be not dominated by the West, the hegemonic West, or the U.S., but more balanced and more nuanced. And I think that's what we have to get used to. I expect the Chinese economy to strengthen. China was going to alter its trade policy to emphasize that 60 trillion that is outside China and the U.S. I said it was 46 [trillion]. the world is 106. So there's 60 trillion of GDP in Latin America, in Africa, in Europe, in Asia Pacific that China can develop," said Sorrell.

      Potential China-US trade deal could benefit world economy: British entrepreneur

      Potential China-US trade deal could benefit world economy: British entrepreneur

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