ong the country’s top development priorities in the telecommuni
cations industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Te
chnology, said on Friday during the World Telecommunication and Information Society Day.
Zhang called for accelerated efforts to set standards in key areas, including 5G, to expedit
e the commercialization of this forefront technology and bolster the nation’s core competitiveness.
Major Chinese smartphone maker Huawei Technologies Co has a
lready unveiled its first 5G chip and first 5G foldable smartphone, the Mate X, which is
expected to hit the market in June, despite challenges involving the United States.
Also on Friday, shortly after the US said it would ban Huawei from buying US t
echnology without special approval, Huawei’s chipmaking arm, HiSilicon, said
Scientists from China and other countries involved in the Belt
and Road Initiative will work together to enhance scientific and technological coop
eration in disaster prevention and mitigation, according to a joint declaration.
The collaboration aims to make areas along the initiative safer, more sustainable a
nd disaster-proof, according to the declaration published during the two-day International Conference on Silk-r
oad Disaster Risk Reduction and Development, which concluded in Beijing on Sunday.
Sunday marked China’s 11th National Disaster Prevention and Reduct
ion Day, an annual event which began in 2009 after a devastating earthquake hit Sic
huan and neighboring provinces on May 12, 2008, leaving over 87,000 dead or missing.
hina voiced deep disappointment late on Wednesday about Washington’s plan to raise tariffs on Chinese imports on Fr
iday, saying that it will take necessary counter-measures if the US tariffs increase takes effect.
The planned tariffs increase on $200 billion worth of Chinese
imports from 10 percent to 25 percent was filed by the Office of the US Trade Representative, and
the filing appeared on Wednesday in the Federal Register, the Associated Press reported.
In response, an unnamed spokesman for the Ministry of Commerce said in a statement on the ministry’s website that escal
ating trade friction does not serve the interests of people in the two countries and the world.
Major US trade bodies have urged the Trump administration to avoid further escalating tensions by suddenly incr
easing tariffs on Friday, while experts said it’s sensible for China to continue negotiations in a measured way.
going reform measures have made its financial market increasingly appealing to overse
as investors,” the administration said on Monday in a statement on its website.
“The administration will continue to support the opening-up of financ
ial markets, meet demand from overseas investors to expand investment in the ma
rkets and attract global long-term capital to enter China’s financial markets,” it said.
Given the stable performance of the yuan and expectations of balanced capital flows, China’s fore
ign exchange reserves remained stable in April, reaching $3.095 trillion by the end of last month, co
mpared with $3.099 trillion by March, according to data released by the administration on Tuesday.
China is willing to see the accelerated development of the onshore capital market, said analysts, allowing direct fi
nancing to play a more significant role in allocating savings and investment, and better serve the economy.
hina will undertake key measures to further integrate the country’s rural and urban areas
and encourage the transfer and free flow of people and resources throughout the nation.
Measures include relaxing hukou (household registration) barri
ers, reforming zoning regulations for rural and residential land, marketing collective land
in rural areas for development purposes and increasing infrastructure spending in the countryside.
Experts said the new plan, announced by the Communist Party of China Ce
ntral Committee and the State Council late on Sunday, is aimed at helping realize steady progr
ess in rural revitalization, driving up the process of urbanization and further boosting the economy.
China has a three-step plan. First, it will initially build a framework an
d mechanism for integrated development of urban and rural areas, and gradually rem
ove limits on hukou registration in cities by 2022. Second, it will bring about an improved framewo
Negotiators from two sides aim to meet next week in Washington to continue
Vice-Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin met in
Beijing from Tuesday to Wednesday for the 10th round of trade talks between China and the United States.
The two sides are working on putting bilateral trade on a stronger footing, and the lat
est meetings were productive, Mnuchin wrote on his Twitter account, without giving details.
A Chinese team is scheduled to visit Washington next week for another round of talks, Xinhua News Agency reported.
Liu is also a member of the Political Bureau of the Communist Party of China Central Co
mmittee and chief of the Chinese side of the China-US comprehensive economic dialogue.
China and the US have been expediting their economic and trade consultations, with a goal of
implementing the consensuses President Xi Jinping and US President Donald Trump reached in D
ecember, said Xue Rongjiu, deputy director of the China Society for WTO Studies in Beijing.
China and Switzerland should make joint building of the Belt and Road into a new highlight of bilateral cooperation and firm
ly safeguard economic globalization and trade liberalization, President Xi Jinping said on Monday.
Xi spoke during a meeting with Swiss Confederation President U
eli Maurer, who is to conclude his eight-day state visit to China on Tuesday.
Noting that China’s establishment of a bilateral innovative strategic pa
rtnership in 2016 with Switzerland was the first ever created with another country, Xi said
that China is ready to work with the European country to further strategic cooperation.
Xi also underscored the importance of following a pioneering spirit, recalling that Swiss busines
ses began to explore the Chinese market soon after the country’s reform and opening-up began.
President Xi Jinping delivered a keynote speech at the opening ceremony of the Second Belt
and Road Forum for International Cooperation in Beijing on Friday. Here are the highlights.
Belt and Road opens up new space for global economic growth
Joint building of the Belt and Road has opened up new space for the world’s economic grow
th. It also created a new platform to boost international trade and investment, expanded new practices to optim
ize the global economic governance, and made new contributions to improving people’s well-being of all countries.
High-quality development of Belt and Road stressed
The principle of extensive consultation, joint contribution and shared benefits should be uphel
d. The open, green and clean approaches should be adhered to. The goals of high-standard, livelihood-impro
ving and sustainable development should be achieved.High-quality, sustainable infrastructure under BRI highlighted
Infrastructure is the cornerstone of connectivity
and a bottleneck of development confronting many countries. Bui
lding infrastructure with such standards can help countries give full play to their advantages in resources and b
etter integrate into the global supply, industry and value chains for interconnected development.
The death toll from a rash of bombings at churches and hotels in Sri Lanka rose past 200, police and local media said.
“Altogether we have information of 207 dead from
all hospitals. According to the information as of now we have 450 injured peop
le admitted to hospitals,” Police Spokesman Ruwan Gunasekera told reporters in Colombo.
Altogether eight explosions have ripped through the country so far, with six blasts hitting in t
he morning and two in the afternoon. The curfew has been imposed from 6 pm Sunday to 6 am local time on Monday.
The Morning explosions occurred when hundreds of worshipe
rs gathered at churches to commemorate Easter Sunday, the police said.
Police spokesperson SP Ruwan Gunasekara said two explosions were reported fro
m St. Anthony’s Church in Kochchikade in capital Colombo and another church in Katana on the outsk
irts of the capital; a third explosion was reported from a church in Batticaloa in the east.
Under a pilot scheme, the first group of six provinces and cities sold 6.8 billion yuan in bonds