President Xi Jinping inspected a company that manufactures high-tech magnetic m
aterials as he kicked off an inspection trip to East China’s Jiangxi province on Monday.
Xi learned about the business operations of the JL MAG Rare-Earth Co Ltd, based in Ganzhou, which speciali
zes in rare earth permanent magnetic materials, as well as the development of the rare earth sector in the city.
Ren Zhengfei, founder and CEO of Huawei, said on Tuesday that the US governm
ent’s 90-day extension “doesn’t mean much”, adding that the company was ready to deal with the ban.
Ren’s comments came after the US Commerce Department said on Monday that it gave Hu
awei a 90-day license to purchase US technologies to maintain existing networks and provide software upd
ates to existing Huawei handsets. That marks a delay of the ban on US technology exports to Huawei.
Transformation of traditional industries speeding up, riding wave of high tech
The Chinese economy is poised for more vigorous growth after gathering new strength through upgrad
es in traditional industries and accelerating the growth of high-tech industries and emerging sectors.
The country will further expand market access with a nationally unified, annually released and timely adjusted negative list for m
ore market vitality, according to the National Development and Reform Commission, China’s top economic regulator.
Meng Wei, spokeswoman of the commission, said at a media conference on Fri
day that China has made steady progress in cultivating new momentum and promoting t
hina attaches great importance to innovative development, and it
considers new generation artificial intelligence as the driving force for scientific and technolo
gical development, industrial optimization and upgrading as well as major productivity improvements while it s
trives to achieve high-quality development, President Xi Jinping said on Thursday.
Xi made the remark in a congratulatory letter to the World Intelligence Congress, which opened in Tianjin.
The president noted that AI is having a significant and far-reaching impact on economic development, social progress and gl
obal governance. He expressed hope that participants at this third congress strengthen exchanges, enhance con
sensus and step up cooperation to promote the healthy development of new-generation AI.
China said late on Monday that it will increase tariffs on the bulk o
$60 billion of US imports to three categories of rates between 10 percent and 25 percent.
For the rest of the US imports, the duty rate remains at 5 percent, acc
ording to a statement released by the Customs Tariff Commission of the State Council.
The tariffs will hit around 5,000 products such as food, chem
icals and auto parts, and are due to take effect on June 1, the commission said.
In a separate statement on Monday, the commission said i
t will be open to tariff exemption applications for part of qualified US imports.
This is China’s latest response to the additional US tariffs on $200
billion of Chinese goods, which were implemented on Friday morning.
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.
various social conflicts, and said efforts must be made to address legitimate and lawful concerns to safeguard public int
erests, and also guide the public in voicing their concerns in a law-based manner to maintain social order.
Strong pressure must be maintained to crack down on crimes such as organized gang activity, violent and terroristic cri
mes, as well as those related to fraud, robbery, food and drug safety, and environmental protection, Xi said.
Calling social fairness and justice a lifeline for judicial and law enforcement work, Xi called for improving the mec
hanism of the use of power in law enforcement as well as the supervision over such powers.
Efforts should be made to help the public feel fairness and justice in every case, Xi said.
He also urged public security staff to improve their work so that human rights can be guarant
eed while crime is fought, and fairness can be ensured while efficiency of law enforcement is pursued.
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.
Young people shall work hard in learning the Marxist stance, viewpoints and methods,