From the beginning until the last game of the Asian Cup

we never doubted him, despite all the ups and downs.”

What players will be chosen by Lippi remains uncertain, but seeking younger talent will be a priority. Lippi led the oldest

team at the Asian Cup this year, with an average age of 30.2 years, and many veterans will retire before the next World Cup.

Lippi’s best shot now is Espanyol striker Wu Lei, who joined La Liga

immediately after the Asian Cup and became the first Chinese player to score in the league.

Government in Nanyang city, Central China’s Henan province, has denied reports that vehic

les driven by water-hydrogen engines have been produced, according to a Beijing News report on Friday.

A Nanyang Daily report on Thursday said that such a vehicle has been produced, saying that the vehic

le consumes water in its engine, and with the help of special catalyst then produces hydrogen to fuel the vehicle.

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intercepts Russian bombers, fighter jets off the coast of Alaska

Russian Tu-95MS strategic missile-

carrying bombers made an observa

tion flight along the western coast of Alaska and the Aleutian Islands and were shado

wed by F-22 fighter jets of the US Air

Force at some sections of their flight, according to Russia’s Tass News Agency.

“Four Tu-95MS strategic missile carriers of the Aerospace Force performed planned flig

hts in the airspace over the neutral

waters of the Chukotsk, Bering and Okhotsk Seas, and also along the we

stern coast of Alaska and the northern

coast of the Aleutian Islands,” Russia’s Defense Ministry said in a statement on Tuesday.

At some sections of the flight, the Russian strategic bombers were shadowed by US Air Force F-22 fighter jets, the statement said.

The Tu-95MS strategic bombers spent over 12 hours in the air, the ministry specified.

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Footwear makers: cut and run from tariffsrtment at the

US sneaker giant Nike and fancy shoemaker Allen Edmonds have joined the chorus of busines

s groups calling for the White House to hit the brakes on its move to raise duties on Chinese shoes an

d other products, further challenging President Donald Trump’s claim that China is paying for the tariffs.

A week after Trump threatened to impose tariffs on the remaining $300 billion of goods imported from Chi

na, more than 100 American shoe and sneaker companies, brands and retailers signed an open letter to the president saying the p

olicy “would be catastrophic” for consumers, businesses and the US economy.

“Your proposal to add tariffs on all imports from China is ask

ing the American consumer to foot the bill,” said the letter, dated on Monday and signed by

the companies. It was posted on the website of the Footwear Distributors and Retailers of America (FDRA).

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He said that it’s of great importance to promote such philos

philosophies to enhance the exchanges and mutual learning of diverse civilizations.

Frederick W. Russell-Rivoallan, a program specialist and head of social and human sciences for UNESCO, hailed the dialogue of Asian civilizations.

“It’s a great way to concentrate in this part of world, but it’s also

a global inspiration – bringing countries together, understanding other cultures, respecting each

other and sharing with each other,” he said. “That’s the way that we can understand each other better and live together better.”

China will extend 1,000-Megabyte broadband connection to more than 300 cities and cut the

average service rates by 15 percent for small and midsized enterprises this year. The measures are desi

gned to achieve multiplying effects of expanding domestic demand, boosting employment and improving people’s lives.

The decision was made at the State Council’s executive meeting chaired by Premier Li Keqiang on May 14.

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producers or US-based designers. For example, China ma

akes less than $9 from each iPhone. The total price of a phone is ridiculously counted as a Chinese export to the US.

It’s a good thing that China is no longer a low-wage country. Most Chinese are much better off than they were even 10 ye

ars ago. But it does mean that these low-skilled, labor-intensive industries will be moving to less-developed nations. US t

ariffs on such products will only serve to hasten the transition to higher value-added industries that China has to make anyway.

Roughly 20 years ago, when China’s admission to the World Trade Organiz

ation was being negotiated, China’s economy was tiny as a portion of world GDP. It was clearly a poor, less-deve

loped country that, except in a few areas, was not able to compete with Western companies in high-value-added products.

As Alexander Hamilton, the first US Treasury secretary, argued, a dev

eloping country may need to protect its “infant industries” from already established foreign

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The National Health Commission issued draft regulatio

ns in February for the clinical application of new biomedical technologies, stipulating that clini

cal research that involves human trials, including gene editing, stem cells, organ transplants be

tween species and assisted reproductive technologies, must secure the approval of the commission in advance.

Under the draft, which is yet to be adopted, violators may face punishments including fines, revocation of business permits or criminal charges.

The commission this year will complete its revision of an existing r

egulation on ethical inspection of human-related biomedical research that was adopted in 2016.

Authorities are also considering establishing a national ethics co

mmittee that supervises life science technologies and researchers to ensure compliance wi

th ethical standards, Huang Jiefu, former vice-minister of health, told China Daily in an earlier interview.

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Nevertheless, it is difficult to separate cyclical elements

and external shocks from the long-term trend and to conclude that China’s potential growth rate really is 6-6.5 percent.

Many Chinese economists cite long-term supply-side structural factors-such as demographic agi

ng, environmental degradation, and a lack of progress on reform-to argue that China has simply en

tered a new stage of development, characterized by significantly lower potential growth rates.

Structural factors don’t explain falling growth rate

While this may be true-everyone in China agrees that 9-10 perce

nt annual growth rates are a thing of the past-there is no clear indication of how much Chin

a’s growth potential has actually declined. Long-term supply-side structural factors do not explain, for exam

ple, why the growth rate fell from 12.1 percent in the first quarter of 2010 to 7.4 percent in the third quarter of 2013.

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Not only are there missing links on the causality chai

 between long-term structural factors and actual economic performance, it is also unclear how long those factors would take to constrain GDP growth to a part

cular level. In fact, 20 years ago, the same long-term factors were used to warn of a possible fall in Chinese GDP growth.

Because of the complexity of China’s growth trajectory, many economists seem to base their assessments of potenti

al on performance. After every drop in China’s GDP growth since the second quarter of 2012-when growth fell be

low 8 percent-economists have emerged to declare that performance was in line with potential.

Difficult to determine potential growth rate

To be sure, there are various estimates of China’s potential growth rate, ranging from 5 perc

ent to 8 percent. But it is difficult to determine which is reliable. For one thing, there is reason to believe that

most estimates fail to discount cyclical factors adequately when calculating the long-term trend.

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The meeting on Sunday decided on further steps to

 identify unwarranted certification items for abolition and list all certification items deemed ne

cessary. At the same time, work to establish a pre-commitment qualification system will be intensified.

“The reform of the qualification system is part and parcel of our efforts to build a credit-based society. Without a fully fledg

ed credit-based society, our business environment will not see significant improvements,” Li said.

It was decided at the meeting that the practice of pre-commitment of qualification will be piloted in 13 pro

vinces and municipalities, including Tianjin, Liaoning, Shanghai, Guangdong, Sichuan and Shaanxi, and in five mi

nistries-the Ministry of Public Security, the Ministry of Justice, the Minist

ry of Human Resources and Social Security, the Ministry of Natural Resources and the Ministry of Transport.

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Sourabh Gupta, resident senior fellow at the Washingto

ton-based Institute for China-American Studies, specifically praised the new Foreign Investm

ent Law-passed in March by China’s national legislature and effective in 2020-which he said is “a far

sighted piece of legislation” that “will firmly usher in a new round of reform and opening-up”.

“Strong measures to deal with political, regulatory and administrative noncompliance are envisaged. A robust wor

king mechanism to promptly address foreign businesses’ complaints is also envisaged,” said Gupta, who believes the p

rovisions are a big step in assuring foreign businesses that the playing field is leveled in China.

“It is the predictability, transparency and nondiscrimination bent of the law which, in my view, will lead to a significant inw

ard flow of foreign capital in key services and advanced manufacturing sectors,” he said.

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