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
peration in AI governance including laws and regulations, ethical norms and international rules,” Wang said.
The State Council issued a plan in 2017 that set benchmarks for China’s AI sector, with the value of core AI indu
stries predicted to exceed 1 trillion yuan ($145 billion) and make the country the global leader of AI innovation by 2030.
In December, Tianjin unveiled a three-year plan to boost the innovative development of seven AI-related indust
rial chains including independent and controllable information systems, smart security, big data, advanced co
mmunications, intelligent connected vehicles, industrial robots and intelligent terminals.
According to the plan, the government will build Tianjin into an AI in
novation center and a hub of AI industries and innovative applications by 2020.
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.
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.
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.
an environmentally contained research facility where occupants simulated l
ong-duration self-contained missions with no outside inputs for 200 days — broke the previous
record of 180 days set by researchers in Russia. The team recently won a China May Fourth Medal.
“President Xi has called upon young people to overcome hardships, and that is what our team has been doing,” Yi said.
Qiu Shuiping, Party secretary of Peking University, said the learning institution is pro
ud to be part of history. The university has chosen May 4 as the day to celebrate its founding.
“The choice of the date indicates our resolve to move forward along the path set by the movem
ent to realize national rejuvenation,” he said. “Our teachers and students will work harder to accelerate the
pace of building Peking University into a world-leading academic institution.”
China is ready to work with other countries to build a better community with a shared future for mankind.
In the face of environmental challenges, all countries are in a commu
nity with interlinked destinies, and no country is immune from the challenges.
These statements by President Xi really impressed me as they’re very much relevan
t to my country, Bangladesh, which is one of the most vulnerable to the impact of climate change.
Since the Chinese president announced his country’s readiness t
o work with other countries facing environmental chall
enges, I am really optimistic that my country will benefit by forging cooperation with China in this area.
Xi’s call for joint efforts with other nations to address su