Tariffs pose threat to global industrial chains, official says

The tariff increases that the United States has placed on Chinese goods affect not only the interests of Chinese companies and consumers, but also their US cou

nterparts and threaten the security of global industrial and supply chains, according to a senior Chinese industrial official.

“We once again urge the US to stop unreasonably suppressing Chin

ese companies. Chinese companies deserve to invest and operate in a fair and just en

vironment in the US and the world,” Vice-Minister of Industry and Information Technology Wang Zhijun said.

Concerning the US decision to further increase tariffs on Chinese imports, Wang s

aid during a recent interview with news media that the total impact is “controllable”.

The nearly $200 billion of Chinese goods hit by additional US tariffs on May 10 acco

unted for 41.8 percent of China’s US exports in 2018, or 8 percent of its total exports.

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Under the trade pressure, the world’s second-largest econo

onomy is accelerating restructuring reform and shifting from an export-dominated growth model to a more services-driven model, they added.

“The United States escalated trade tensions, but it cannot solve any problem. This causes volatility and sluggishness in global financial markets an

d hurts the global economy,” said Guo Shuqing, the People’s Bank of China’s Party secretary and also head of the China Banking and In

surance Regulatory Commission. His keynote speech was delivered by a commission spokesman at a forum on Saturday.

Impact on the Chinese economy will be very limited, said Guo. “Chinese fi

nancial markets, although they were excessively affected by trade tensions last year, are un

likely to be hit more dramatically going forward, as financial resilience is strengthening.”

The huge domestic consumer market in China will digest most of the un

salable exports, and many of China’s exports will also shift to other foreign markets. The US will con

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Yang Xiaowei, deputy head of the Cyberspace Administra

stration of China, also called for more efforts to develop the homegrown big data sector and

highlighted that stepping up research and development is key to mastering core technologies.

Paul Romer, co-recipient of the 2018 Nobel Prize in economics and p

rofessor of economics at New York University, said he is impressed by China’s proposal in cyb

er sovereignty which he understands as: Each nation must be able to write and enforce its own laws that regu

late cyberspace, and ensure that cyberspace works to the benefit of everyone in the nation.

“China’s articulation and implementation of cyber sovereignty means it is

a chance for the world to see a different kind of organization for cyberspace, and a cha

nce to see that with the right structure, we can get tons of benefits,” Romer added.

Lu Yong, vice-president of Huawei Technologies Co, said China’s digi

tal economy has thrived on the basis that China has built the world’s largest 4G network.

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Pompeo said in an interview with CNBC that, “We’ve been

working at the State Department to make sure that everyone understands the risks.”

“Recently, some US politicians have repeatedly made rumors about Huawei but canno

t provide any evidence that other countries have requested,” Lu told a daily news conference.

He noted that the US public is having more and more doubts over the market turbulen

ce and undermined industrial cooperation caused by the trade war and technology war initiated by the US.

“So some US politicians have continually created rumors, tr

ying to mislead the public and stir up ideological opposition, which is illogical,” Lu said.

Ideological differences do not necessarily impede tra

de, industrial and technological cooperation between countries, he said.

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also said it is delaying its launch of Huawei’s 5G smartphones.

Jia Mo, an analyst at Singapore-based market research company Canalys, said the delayed prod

uct releases in certain markets will harm Huawei‘s smartphone business, but Huawei is working on its ow

n mobile operating system, which can help relieve some pressure in the domestic market.

On Thursday, in response to media reports that UK chip firm Arm Holdings told its staff to suspend dealin

gs with Huawei, Ren Zhengfei, CEO of Huawei, said in an interview with Chinese financial media website Caixin that his co

mpany has acquired a permanent licensing of the ARM architecture, the basis for Huawei to design its chips.

Arm China also said in a reply to China Daily that “we are in active com

munication to find appropriate solutions that comply with current laws and regulations”.

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mers eat at a hotpot restaurant in Wuhan, capital of Hubei

In addition, a thread on Weibo, China’s Twitter-like comments platfor

m, titled “eating alone” contains 226,000 posts and has garnered 290 million hits.

In 2017, WithEating Magazine, a Chinese foodie journal, started its Eati

ng Alone channel on Bilibili, a popular video-sharing website. To date, the channel, wh

ich has 52 episodes explaining how to prepare meals for one, has attracted more than 200 million hits.

In February, the magazine published a book of the same name, listing 65 recipes for dishes ranging fr

om desserts to foreign cuisine, such as roasted ribs, the Korean favorite bibimbap and seafood curry.

To many people’s surprise, it became a best-seller. “We didn’t expect the book to sell so we

ll. We didn’t print enough copies initially,” the magazine said on its Weibo account last month.

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Li’s restaurant isn’t the only one to feature “isolated dining” Eater

ries boasting the concept, which originated in Japan, have sprung up in many cities includi

ng Shanghai, Xi’an, capital of Shaanxi province, and Shenzhen and Guangzhou, both in Guangdong province.

Kong Yanling is a big fan of singles-friendly restaurants. The 25-year-old unattached Xi’an res

ident remembers passing a Korean-style chicken restaurant a few years ago and deciding to drop in.

However, the waitress at the door told her the restaurant only served large, shared platters. Kong took the hint and left.

She has also found herself dining with strangers involuntarily when waiters have asked if she minded other people sharing her table.

“I don’t mind eating alone, but sometimes things like that really bugged me. I am ve

ry happy to see more singles-friendly restaurants appearing so there is more choice when eating out,” she said.

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Zhang lives a life of simplicity, purity and indifference to

 fame and fortune, serving as a role model for military officers, rank-and-file soldiers and veterans across the country, Xi said.

Zhang, a member of the CPC, was a soldier of Brigade 359 of the Northwest Field Army, o

ne of the main forces of the Chinese People’s Liberation Army during the Liberation War between 1945 and 1949.

He was honored by the Northwest Field Army several times for performing meritorious deeds as he braved enemy fire. He

was twice given the honorary title of Combat Hero. When he retired from the PLA, Zhang chose to work in the pov

erty-stricken mountainous areas in Laifeng, a remote county in Hubei province. He dedicated his life to the peo

ple, holding posts ranging from community-level government official to deputy manager of a local bank.

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Xi highlights independent IPR, core technologiesirs a meet

Meeting in Nanchang eyes achieving new advances in development of country’s central region

President Xi Jinping stressed the significance of owning indep

endent intellectual property rights and core technology while visiting a producer of rare

earth, which he hailed as an “important strategic resource”, in Gan­zhou, Jiangxi province, on Monday.

Xi, also general secretary of the Communist Party of Chin

a Central Committee and chairman of the Central Military Commission, visited the JL MAG Ra

re-Earth Co immediately after he arrived in Jiangxi for the three-day inspection tour.

At the company, Xi learned about its production and operation, the r

are earth industry’s development in Ganzhou, the development and application of the co

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Xinjiang to launch up to 100 trains for tourists

As tours to Xinjiang Uygur autonomous region have become increasingly popular among tourists from home and abroad, local

authorities have announced a plan recently to launch as many as 100 special trains for tourists from May to October.

The local railway authorities will step up cooperation with other part

s of the country to boost Xinjiang’s tourism development, according to Huang Ti

ngfen, deputy general manager of Xinjiang Railway Tourism Development Group.

The trains will provide easier access to both the southern and northern parts of Xinjia

ng, said Huang. It will also be more convenient for Xinjiang residents to travel to other parts of the country.

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