Month: May 2019
President Xi Jinping’s upcoming visit to Russia reflects close cooperation between China and Russia,
which is important to maintain the stability of the international community amid rising uncertainties, analysts said.
Xi will make a state visit to Russia from June 5 to 7 and attend the 23rd St. Petersburg
International Economic Forum, Foreign Ministry spokesman Lu Kang announced on Wednesday.
The trip is part of the annual exchange of visits between the two countries’
heads of state, after Russian President Vladimir Putin attended the Second Belt and Road Fo
rum for International Cooperation in Beijing in April and had talks with Xi on the sidelines.
ss to US suppliers “will do significant economic harm to the US companies” and affect “tens of thousands of US jobs”. In total, US firm
s sold an estimated $11 billion worth of components to Huawei last year, according to earlier media reports.
“I’m not able to tell you exactly what the costs will be; it differs from company to company,” said Allen.
“But clearly, from a corporate perspective, this Department
of Commerce action has created costs and has escalated the uncertainty quite a bit.”
Asked to comment on some voices in the US calling for the “decoupling” of the two countries, especially in the technology sect
or, Allen said both sides should pursue a playing field of “smart competition and engagement”, in which the
y play by a “common set of rules” that are mainly set by World Trade Organization obligations.
ocal kindergarten had used to ask children whether they we
re involved in gangs went viral on the internet. The local educational bureau said that the rese
arch was meant to stop bullies in kindergartens instead of finding gangster members.
Over 90 percent of Hong Kong college students responding to a survey said they were optimistic about the country’s fut
ure, and more than 80 percent said they would like to work on the mainland according to a report released Wednesday.
The HKUYA Student Exchange Network published the report based on a survey they carrie
d out between February and March on Hong Kong college students’ employment intentions for the mainland.
Nearly 75 percent of respondents said the major reas
on for them to work on the mainland is a plethora of job opportunities.
form and opening-up drive, and said the country’s success has not only brought changes to itself, but als
o has profound and positive influence on the world. Vanuatu firmly honors the one-China policy
and supports the Chinese government in its efforts to realize peaceful national reunification, he added.
oreign investors may get access to more onshore commodity contracts
China will give foreign investors more access to its commodity futures market as part of it
s continuing efforts to strengthen the real economy, the top securities regulator said on Tuesday.
The move will benefit both overseas and domestic market participants, and
the opening-up of the stock index futures market will also speed up, experts said.
Two television anchorwomen — one from China and one from the US — will debate two sides of the long-running trade dispute between the two countries.
Liu Xin, a mainstay of the China Global Television Network, and Trish Regan, a former CNBC busi
ness correspondent who now hosts her own show on the Fox Business Network, will have at it over i
ssues such as tariffs and technology Wednesday at 8 pm EDT in the US and simultaneously at 8 am Thursday in China.
The discourse will take place via satellite, as Liu will be in CGTN’s studio in Beijing, while Regan will be at Fox’s studio in New York.
The debate idea came about after the two newswomen clashed earlier this month after Regan said Beijing stole “$600 bill
on worth of intellectual property a year”, leading to the Trump administration tariffs.
counting for about 80 percent of global supply. However, the country’s rare-earth industry is faced with such pro
blems as rapidly decreasing inventory, inefficient production and environmental pollution.
Analysts also said that the low prices of China’s exports have failed to reflect the real value of the precious resource.
The division of labor of the global rare-earth industry should be coo
rdinated in accordance with the principle of opening-up and sharing, the NDRC said.
While the country prioritizes the domestic use of rare-earth meta
ls, it is willing to see its exports help drive the development of global industries, it said.
At least four deaths have been blamed on crowding during the climbs, Agence France-Presse reported.
People should be well prepared to handle Qomolangma’s traffic jams which are common phenomena along climbing paths, said alpinists who had reached the summit.
“Although the news about the jam on Qomolangma this year has gone viral, people should understand that it happens every year during the brief cl
imbing window. Knowing what to do when climbers jam the narrow paths should be incl
uded in their training well in advance,” said Ma Liyamu, who reached the top of Qomolangma, the world’s ta
llest mountain at 8,848 meters, on May 22 and was also held up by the crowds on her descent.
She is the leader of a mountaineering team of three Chinese women w
ho scaled Qomolangma. They launched their expedition from Nepal, which issued 381 cli
mbing permits for the season that concludes this week. Nepal’s permits this season cost $11,000 each.
ng should be leveraged to improve coordination mechanisms
for economic policies such as finance, currency, employment, industry, and regional develop
ment to ensure the nation’s economic development stays within a reasonable range, the statement said.
The meeting highlighted the importance of strengthening innovative cap
abilities as well as opening-up and cooperation in this regard, and called for improving the serv
ices and environment for opening-up and cooperation so that development is promoted through opening-up, inn
ovation is advanced through reforms and win-win results are achieved through cooperation, it said.
Tough and newly emerging problems should be resolved through deepening reforms, the state
ment said, adding that the capability of dealing with challenges and preventing risks should be intensified.
nsultancy Automotive Foresight, said SEAT’s smaller cars will help its parent company to reach custo
mers in China’s smaller cities, where electric cars built on Volkswagen’s own platforms would be less affordable.
Volkswagen, as well as its subsidiaries from Audi to Porsche, plan to deliver aro
und 1.5 million electrified vehicles, most of them pure electric cars, in China by 2025.
It also expects global sales of electrified vehicles will total 22 million by 2028, and half of them will be produced in China.
China overtook the United States as the largest producer and market of new energy vehicles in 2015.
The China Association of Automobile Manufacturers expected sales of su
ch vehicles to reach at least 1.6 million this year, up from 1.2 million in 2018.
to discuss reductions in tariffs in industrial goods and to seek agreement on conformity assessments. EU Trade Commissioner Cecilia Malmstrom is opp