Month: May 2019

US President Donald Trump, in the name of “national sec

urity”, signed an executive order on May 15 that led the US Department of Commerce to put Huawei and its affilia

tes on an Entity List, which would restrict the sale or transfer of US technologies to the company.

Craig Allen, president of the council, said many of its members are suppliers to Huaw

ei, and all of them have been impacted by the Department of Commerce’s move.

Founded in 1973, the council represents around 200 US companie

s doing business with China, including Apple and Microsoft. It also includes chipmakers Inte

l and Qualcomm, which have said they would stop offering supplies to Huawei until further notice.

The members will follow US law, but there is a cost associated with that, Allen told China Daily.

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Chinese investment in the United States is creating go

ood jobs in areas that are poor, where good jobs are needed,” he said. “We should celebrate that advancement of econ

omic opportunity in the United States. And similarly, we should expand US investment in China.”

US goods exports to China declined by 7 percent in 2018, as trade disputes between

the two economies began to bite, but still outpaced growth in exports to the rest of the world over the past decade, ac

cording to the 2019 State Export Report released earlier this month by the US-China Business Council.

The report said China continued to be important to US economic growth, supporting more than 1.1 million jobs.

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video of Liu competing in an international English spee

ech competition in 1996 in London was sent around Chinese social media, the US website qz.com reported.

“While the Western world views Liu as an unapologetic champion of China’s agenda, many mai

nland citizens regard her as a national heroine defending her country from hostile foreign influences,” Newsweek reported.

On Monday, Regan tweeted: “I look forward to hosting Ms Liu – in a FIRST OF ITS KIND debate on trade – LIVE from Beijing & New York.”

Beijing on Wednesday set up a 5 billion yuan ($724 million) fund to spur development of the fift

h-generation or 5G mobile technology industry, its latest effort to gain an edge in the commercialization of 5G tech.

The fund was established jointly by the Beijing Science and Technology Innovation Investment Management Co Ltd, Beijing

Yizhuang International Investment and Development Co Ltd and State-owned China Jianyin Investment Lt

d. It will focus on investing in leading high-tech firms across the entire 5G industrial chain.

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On Tuesday, a picture showing a questionnaire that a local

l kindergarten had used to ask children whether they were involved in gangs went viral on the internet. The local educa

tional bureau said that the research was meant to stop bullies in kindergartens instead of finding gangster members.

A number of regions in China, including Qiannan Buyi and Miao autonomous prefecture in Guizhou, Guangzhou city in Gu

angdong, and the cities of Chizhou and Anqing in Anhui, have decided to reschedule their dragon boat races so as to pr

ovide a quiet environment for?gaokaotakers, news portal thepaper.cn reported.

Some places, such as the city of Yueqing in Zhejiang, have banned holding such activities during the?gaokao, said the report.

The?gaokao, or the national college entrance exam, will take place

on June 7 and 8 this year, coinciding with the Duanwu Festival (aka Dragon Boat F

estival) holiday, when traditionally dragon boat races are held in celebration of the festival.

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Talks with Vanuatu PM China seeks no private interests

and scope of influence in developing relations with Pacific island cou

ntries, and will be good friends and partners trusted by them forever, Xi said on Tue

sday. Xi made the remarks while meeting with visiting Vanuatu Prime Minister Charlot Salwai in Beijing. The Chi

na-Vanuatu relationship has become a good example of relations between China and Pacific island countries, Xi s

aid, adding political mutual trust between the two countries keeps d

eepening and exchanges and cooperation in various fields continue to expand.

Xi said the country appreciates Vanuatu resolutely adhering to the one-C

hina policy, and supports it independently choosing the development path that suits its

national conditions. Xi called for strengthening the alignment of the development strategy of the Pacific island cou

ntry with the BRI and tapping potential for bilateral pragmatic cooperation.

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In April, the CSRC pledged to promote the opening-up

?of stock index futures. At present, onshore stock index futures are unavailable to overseas invest

ors, and they can only hedge risks associated with investing in A shares through offshore instruments.

“After the stock index futures market opens up, investor bases will dive

rsify, helping China’s capital market achieve a higher efficiency in asset pricing,” Wang sai

d, adding that capital market reform and opening-up is part of China’s moves to promote quality development.

“One of the key priorities this year is to accelerate the development o

f direct financing and the capital market, to strengthen the capital market’s capacity to pr

omote economic growth,” Guo Shuqing, the People’s Bank of China’s Party secretary and head of the China Ban

king and Insurance Regulatory Commission, said in an interview with China Central Television on Monday.

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Besides electrified vehicles, Volkswagen and JAC have

also partnered with local authorities in Hefei to test autonomous

driving technologies, including robotaxis and autonomous fleet management, and on-de

mand mobility services, like ride hailing and car sharing, but none of the parties revealed the details.

Kong Xuanyou, vice-foreign minister and special representative of the Chinese government on

Korean Peninsula affairs, will take up his new post as Chinese ambassador to Japan on Thursday.

Kong, 59, is a fluent Japanese speaker. During his 34-year diplomatic care

er, he has spent two-thirds of the time dealing with issues related to Japan.

He has served in Chinese diplomatic missions in Japan on three occasions, and was China’s ambassador to Vietnam from 2011 to 2014.

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ue to encouraging weather forecasts, many teams decid

ed to scale the summit from the Nepali side on May 22 and 23. As a result, crowded conditions form

ed about 100 to 150 meters from the peak, Ma said in Kathmandu, Nepal’s capital. “I was force

d to wait in a line for about 20 minutes on my way down. Such circumstances can be fatal to climbers if the

y panic and consume more oxygen than planned. Also, they can easily get frostbite if they don’t keep moving.”

This year, about 90 percent of the climbers at Qomolangma are

first-timers. Lack of professional training and experience as well as undetected health issue

s should be mainly blamed for the casualties on the mountain rather than the traffic jam, Ma added. “Some expe

dition companies failed to prepare the climbers for crowded conditions which is really irresponsible.”

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The US administration’s “America first” policy, repres

ented by its unilateral and protectionist moves, has harmed both countries’ economic interests an

d proved to be a drag on the global economy, as the recent turmoil in the international capital market shows.

Simulation tests of large general equilibrium models show that

both countries’ economic indicators would suffer due to the US tariff hike on $200 billio

n of Chinese goods two weeks ago. For example, China’s GDP could decline by 0.657 percent, manufacturing jobs by 1.02

8 percent, exports by 3.359 percent, and imports by 1.384 percent, while the decrease in the US’ GDP would be 0.004 per

cent, manufacturing jobs 0.652 percent, exports 1.876 percent, and imports 3.883 percent. And global GDP, ma

nufacturing jobs and trade could reduce by 0.123 percent, 0.28 percent and 0.79 percent.

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On April 18, Mao was waiting for his wife Feifei and thei

eir newborn baby outside the delivery room. However, Feifei died of an amniotic f

luid embolism. The baby, suffering serious asphyxia, was sent to the intensive care unit, or ICU.

After sitting outside the ICU for a whole night, Mao decided to donate his daughter‘s corneas and kidneys, allowing her to live in another way.

“Feifei was a kindergarten teacher. She loved children. She often wen

t to the welfare house to teach the abandoned kids there. She once said that if she cou

ldn’t be brought back to life, she would want to help others. So I think this is what she would have wanted too,” said Mao.

The decision was supported by Feifei’s family, who all believed this was something she would have liked.

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