n macroeconomic terms, the China-US trade dispute ha

as added huge uncertainties to the US economy and raised the likelihood of recession. Which could

thwart the US president’s chances of being re-elected in 2020. And the trade dispute could pre

vent the US from taking the measures it intends to in order to consolidate its national power.

As for China, the significant deviation in the US’ stances and objectives

in the trade talks should be a warning for it to more strictly stick to its principles. And the

fact that the US wants to challenge the laws of economics should not be reason for China to try to do the same.

China may grant official 5G licenses, instead of the interim licenses previously planned, to tel

ecom carriers this year and is likely to start commercial use of the superfast wireless technology na

tionwide in the near future, possibly as soon as October, according to people familiar with the matter.

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The future growth prospects of today’s early-stage (that is

lower-income-some growing and others not) developing countries will be of huge importance in red

ucing poverty further. Although these countries face significant headwinds, they could also seize imp

ortant new growth opportunities-especially with the help of digital platforms.

The headwinds are certainly considerable. For starters, advances in digital technolo

gies-robotics, machine learning, sensors, and vision-directly threaten the labor-intensive manu

facturing and assembly upon which lower-income, nonresource-rich economies have traditionally relied.

Moreover, climate change has had its greatest economic impact on the tropical and subtropical regio

ns where most of the lower-income countries are located. The effects of global warming are highly disrup

tive in fragile economies, and, taken together, constitute a major new obstacle to growthle

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In the past several months, China has announced and

started to implement a “negative list” program that allows foreign co

mpanies to have 100 percent ownership in investments in all areas of the economy, excep

t for a small number of areas, such as telecoms and defense, that are explicitly prohibited.

Also, foreign investment has been simplified by creating a one-stop regulatory shop and a single application process.

These new policies will lead to greater competition within China, forcing C

hina’s companies to become more efficient and to produce higher quality products.

The Chinese government has also recently announced tax cuts and financial regulations desi

gned to help private companies. This will hasten the ongoing transition to a market-driven economy.

Most Chinese State-owned enterprises are not relevant to trade negotiations. Many are in non-tradable sectors such as p

roperty development, infrastructure, or concrete. Others are basically public utilities in telecoms or power.

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The glazed tiles on the top of the China Pavilion are i

 in fact a type of aluminum alloy that can be used to imitate the shape of traditional Chinese a

rchitecture at a low cost. It is an example of how modern technology is applied at the ex

hibition,” Li Liang, a designer of the pavilion, was quoted by Beijing Daily as saying.

By installing rainwater collection devices on the roofs and tanks beneath the pavili

on, a mini ecological circulation has been created by gathering rainwater to irrigate the terraced fields.

Shen Yanyan, who camea with her family from Jiangxi province for a visit, said that

although she didn’t know much about design, she felt the building was “very cool”.

“We saw its shiny roof upon entry to the park and we were immediately attracted,” said the 33-year-old. “The Chin

a Pavilion is not only beautiful outside, but also inside. My mother is very happy to see flowers from so many pro

vinces and regions of the country, and all are well-trimmed and placed in the pavilion’s exhibition halls.”

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Xi said China’s moves to boost opening-up follow from

 an independent choice based on the objective need of the country’s reform and development.

This is helpful in promoting high-quality growth, meeting the people’s need

s for a better life and promoting peace, stability and development of the world, he said.

China also hopes that other countries will create a good investment environment, treat Chinese enterpris

es, students and scholars equally and create a friendly environment for their normal international exchange activities, Xi said.

Xi pledged to take stronger measures to promote international cooperation in protecting intellectual pro

perty, which he said is not only crucial to protecting the legal rights of companies but also to promoting high-quality growth.

China will enhance policy coordination with the world’s major economic entities and j

ointly promote the robust, sustainable, balanced and inclusive growth of the global economy, he said

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China-led project expected to enhance space research

The ongoing China-led international collaboration project Tianq

in, a space-based gravitational wave detection syste

m scheduled to be completed by 2035, is expected to significantly improve unders

tanding of major cosmic phenomena, including black holes, scientists said.

Tianqin uses the Chinese words tian, meaning sk

y or heavens, and qin, meaning stringed musical instrument.

It will consist of three satellites forming an equilater

al triangle around Earth at an orbit of 100,000 kilometers.

Tianqin will work to detect gravitational waves, whic

h scientists theorize are ripples in the fabric of space-time caused by violen

t cosmic events, such as colliding black holes, supernovas and even the birth of the universe.

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The number of unicorn companies in Haidian makes

 up a fifth of the total number in China. Up to 51 companies in the district realized annual revenue of more than 10 billion yuan. Baidu Inc, Cambricon Techno

logies Corp and Beijing Dream Ink Technologies Co have become global leaders in various cutting edge technologies.

“The fruitful results in Haidian’s scientific innovation sector are due to the increasing investment i

n research and development,” said Dai Binbin, head of the district. “In 2018, Haidian’s R&D intensit

y was 4.6 times the national level, and higher than levels in the Republic of Korea and Japan.”

Beijing’s Xicheng district, where many domestic and oversea

s financial companies and organizations are located, has carried out a series of policies to boost the

financial sector’s development, and is another example of the capital’s high-quality growth.

For instance, the district government provides subsidies of up to

50 million yuan to newly set up financial organizations. For financial companies that m

ove into the district, the government gives subsidies to help them offset rent and capital purchases.

For high-end talent, both local and foreign, the district offer

s better resources in medical care, education and living arrangements.

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Some 50 poor households of Shangyan Village used

to live on an inhospitable strech of benchland, which was a major cause of the poverty.

Local officials had attempted to help them get rid of poverty through relocation, one of China’s poverty-relief strategies to

encourage people striken by harsh natural conditions to move to livable places, offering them government subsidies.

But many villagers stubbornly refused to move, due to doubts and a lack of knowledge about related policies.

Soon after she assumed office, Ma set up a tent at the entrance of Shangyan Village to live temporarily there.

She knocked the doors of those reluctant to move, sat in their yards, and p

atiently answered their questions, including whether they would gain sufficient subsid

ies or get used to the new houses. After two weeks, 51 households signed the relocation agreement.

Ma has also led villagers to take tailored measures to increase their incomes based on each village’s conditions.

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This is an unprecedented move,” said Robert Mann

 president of R.W. Mann & Co, an aviation consulting firm. “I think it will be a good thi

ng for Max aircraft, but I’m not sure it will be a good thing overall if it creates an international bureaucratic proce

ss for future certification that will take longer than any individual oversight agency would now require.”

James Hall, managing partner of Hall & Associates, an aviation consulting firm in Washin

gton and former chairman of the NTSB, said it’s unclear how the FAA’s new panel will m

esh with investigations of Boeing launched by the US inspector general, US Justice Department and Congress.

“Will the technical review team look at the certification pro

cess, or is it an attempt to get the plane back in the air?” Hall said. “We’ll see.”

Boeing said it would work closely with the new task force.

“We welcome the Joint Authorities Technical Review and look forward to working wi

th the panel,” Paul Bergman, a spokesman for Boeing in Seattle, said in a statement. “Safety is our top priority.”

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The two nations should also further exchanges and

cooperation in areas including education, culture, science and technology as well as ensuring the success of the China-New Zealand Year of Tourism events, he said.

Ardern expressed her appreciation for Xi’s condolences and support foll

owing the terrorist attack in Christchurch, adding that her choice to proceed with the vi

sit despite the event “does reflect the value New Zealand places on its relationship with China”.

She called the bilateral relationship “one of our most important a

nd far-reaching relationships”, a point she said she has made in speeches over the past year.

She said she hopes that through the visit, the two nations can strengthen their bilateral co

mprehensive strategic partnership and deepen cooperation in trade and people-to-people exchanges.

She also reiterated New Zealand’s adherence to the one-China p

olicy and its independent foreign policy, as well as its firm support for multilateralism and free trade.

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