In contrast, the US seems to take it for granted that tarif

s are a weapon it can employ to bring China to its knees and extract one-sided

concessions, apparently ignorant to the fac

t that China is not what it was in the late 1800s and early 1900s when the country was forced into signing humil

iating treaties, which resulted in the opening of trading ports and paying of indemnities to Western powers.

Perhaps the blame for the breakdown in the talks should be laid at the door of the mind-set o

f the West, which sees only winners and losers, rather than a holistic whole in

which all benefit from each other.

That Eastern viewpoint explains why

China still hopes that the US will meet it halfway for

the benefit of both countries and both

peoples as well as the development of the world economy.

www.stgongchen.cn


Chinese exporters have from 20 to 50 percent of the

 US market in other low-value-added markets, plus electrical machinery and equipment, mechanical

appliances, and iron and steel. In most other categories, China has less than 20 percent of the US market.

China also assembles and then exports a lot of phones, computers and other gadgets to the US. But, most of the profits and

wages go to Japanese or South Korean component producers or US-based designers. For example, China ma

kes less than $9 from each iPhone. The total price of a phone is ridiculously counted as a Chinese export to the US.

It’s a good thing that China is no longer a low-wage country. Most Chinese

are much better off than they were even 10 years ago. But it does mean that these lo

w-skilled, labor-intensive industries will be moving to less-developed nations. US tariffs on such products will only se

rve to hasten the transition to higher value-added industries that China has to make anyway.

www.shoppingfair.org


While more students are now realizing that studying over

rseas no longer guarantees a well-paid job, the report found that 70 perce

nt of respondents said they do not care about return on investment and are more appr

eciative of other rewards of overseas study experience, including better adaptive ability.

Gao Ang, an undergraduate student at the University of Californi

a, Berkeley, said he does not regret going to the US despite its high cost.

Overseas study provides students with many advantages-their exp

erience tends to equip them with a global mindset and better languag

e and communication skills-important characteristics for future promotion opportunities, he said.

In 2018, 662,100 Chinese people went abroad

to study, up 8.83 percent year-on-year, according to the Ministry of Education.

gtlhhl.cn


Government pledges more red tape cuts of items requiri

China will further cut the number of items requiring certificatio

n and refine the procedures through institutional inno

vation to improve government services and foster a more enabling business environment.

The decision was made at the State Council’s executive meeting, chaired by Premier Li Keqiang on Sunday.

Participants at the meeting agreed that the government’s efforts in recent years to repeal unwarranted certification requ

irements and deepen the reform of government functions have produced notable results.

“These are crucial steps benefiting both companies and individuals

,” Li said. “At a time when the economy still faces uncertainties, removing these unjustified cer

tification requirements will help boost market vitality and improve the business environment.”

hheeh.cn


hina’s growth a source of hope for allong proclaimi

With Chairman Mao Zedong proclaiming the founding of the People’s Republic of China on

Oct 1, 1949, the Chinese people began leaving behind a century of colonial humiliation and building a new life.

What remains poorly understood by the wider world even seven decades later is how dire were

the conditions in China during those days. While China sustained its triumph, Chinese people’s living stan

dard 70 years ago was barely 5 percent relative to their counterparts in the United States.

It was a dire starting point.

Transitions that raised China’s living standard

In the late 1970s, Deng Xiaoping introduced “reform and opening-up” policies

and established special economic zones, which ultimately facilitated China’s entry int

www.tcplea.cn


ommunication key to shared future for mankind

The Conference on Dialogue of Asian Civilizations, which will be he

nth following the proposal of President Xi Jinping, demonstrates China’s

deep thinking and responsibility for promoting the development of civilization in Asia and the world. The conferenc

e will have great and far-reaching significance to the construction of a community of shared future for mankind.

The history of humanity is one of the coexistence and joint development of multiple civilizations. In his article on excha

nges among civilizations and mutual learning, published by the Qiushi journal on May 1, Xi wrote that “civil

ization becomes colorful because of exchanges, and abundant because of mutual learning”. He urged nations to “seek

wisdom, absorb nutrition from different civilizations, provide the people with spiritual support and comfort for thei

r soul, and join hands to resolve common challenges of various kinds confronting human beings”.

www.qianpadae.com


Specifically, the draft likely will and should feature key

 reforms to foster an investor-friendly legal system, represented by strengthened information disclosure, prot

ection of investors’ rights and interests, and crackdown on legal breaches, Liu said.

China must promote the healthy development of the capital m

arket through key institutional innovations, the Political Bureau of the Communist Part

y of China Central Committee, the Party’s core leadership, said a statement released after a meeting on Friday.

Dong said the revised law is likely to be adopted by the end of the first half of the ye

ar, adding it is imperative and possible to expedite rolling out the revised version.

“Previously, controversies over the registration-based IPO system reform ha

ve prolonged the revision process, but now this factor has been largely lifted,” he said.

“As foreign investors are set to play a bigger role in China’s capital

market development, the revised law should also consider clarifying the rights and oblig

ations of overseas investors, to help them form a stable policy expectation,” said Xue Yi, an associate p

jsLongsun.com


trade hitting $682 billion last year, said Zhang Min

 head of the Chinese Mission to the EU. So far, 22 European countries have signed memorandums of understanding with Chi

na to promote the Belt and Road Initiative, with Italy and Luxembourg the most recent examples, he said.

Chen Fengying, a senior researcher at the China Institutes of Contemporary International

Relations, said that Li’s European trip is to further enhance high-level exchanges and political trust between

China and the EU, following President Xi Jinping’s visit to Italy, Monaco and France last month.

Both sides support the multilateral trading system and face challenges posed by risin

g protectionism and unilateralism to economic globalization and multilateralism, Chen said. On the global geopoliti

cal stage, China is developing at a very fast pace with an enormous economic scale, Chen said.

“As a huge market, China has reiterated its opening-up (policy) to the ou

tside world, including to European countries. Therefore, both sides should strengthen cooper

ation and exchanges in areas such as trade, investment and the Belt and Road Initiative,” she said.

lirxb.cn


Four-day May Day holiday offers best of both the worlds

Editor’s Note: The May Day holiday this year would be extended to four days. When Premier Li Keqiang was asked at a news con

ference during the recent second session of the 13th National People’s Congress whether China would res

ume the May Day golden week holiday, he said relevant departments were studying the issue and would serio

usly consider the public’s opinions before making a decision. What effects will a four-day holiday have on the people and

the economy? Two experts share their views on the issue with China Daily’s Liu Jianna. Excerpts follow:

Holiday answers people‘s appeals

The four-day holiday will, to a large extent, meet Chinese people’s require

ments for a better life, including the growing desire to enjoy quality longer vacations both at home and abroad.

There have been calls for longer holidays ever since the May Day golden

week holiday was reduced to three days. And the extension of the May Day holiday to four

days this year suggests the government has been taking public opinions into serious consideration.

riuy8.cn


If the nose of the Boeing Max 8 model rises, threaten

ning a midair stall, the MCAS system automatically points the plane’s nose down

to gain speed needed to stay aloft. Boeing added larger, more fuel-efficient engines to upgr

ade the existing 737 airframe to compete with European rival Airbus. The new engines are positioned close

r to the fuselage, changing the aircraft’s aerodynamics and pushing the nose up in certain conditions.

Boeing created MCAS to make the new Max planes handle more like previ

ous versions of the 737, a popular model used by airlines around the world. Some in the aircra

ft industry, including pilots, have said Boeing did not provide adequate notice of the new plane’s flight ch

aracteristics or how to shut off the new anti-stall device if necessary. A group of pilots in

dependently compiled and circulated a 13-page manual about the new system. Oth

ers have said Boeing provided adequate notice of the changes and how to disable MCAS.

The version of MCAS installed on the Ethiopian Airlines pl

ane had relied on information from one sensor that sent back bad information.

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