Growing economic dynamism will also serve as an impo

portant stabilizing factor, he said. China’s research and development spending ranks se

cond in the world, accounting for around 2.18 percent of its GDP, while emerging strategic industries, the

sharing economy and other new growth engines are also seeing continuous expansion.

The strong leadership of the Communist Party of China and the solid material and technological foundation built through decad

es of rapid development in the era of reform and opening-up will also help shore up economic growth, he said.

He added that China also has enormous resilience, potential and flexibility in developm

ent, deep experience in macroeconomic regulation and ample space for policy adjustments.

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Minister General Wei Fenghe speaks at the Shangri-La Dialo

The People’s Liberation Army will adamantly support regional and world peace, but will not be

“bullied or preyed upon” by foreign powers into giving up national sovereignty and legitimate int

erests, State Councilor and Defense Minister General Wei Fenghe said on Sunday in Singapore.

Experts said Wei’s speech at the Shangri-La Dialogue, a key defense summ

it, marked a milestone in Chinese military diplomacy as Wei showcased the PLA’s confide

nce, positions on key issues and its sincerity and willingness to exchange and cooperate with other countries.

It is the first time in eight years that a Chinese defense minister has participated in the event.

Building a community with a shared future for mankind is the right path forward an

d the trend of the times amid growing uncertainty and instability around the world, he said.

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Habib also applauded China’s interest in Washington’s agric

ricultural products such as apples and cherries, and specifically mentioned

tourists and students from China.

With the current trade disputes between China and the US, however, Habib is seeing some frustration in his state.

“I’m of course frustrated at the effects of some of the Chinese-im

posed tariffs on our exporters – that’s a huge problem first for our growers, and companies in our

aerospace supply chain, and definitely our fish and seafood – they’ve been affected by Chinese tariffs,” said Habib.

With the Trump administration gradually imposi

ng 25 percent tariffs on $250 billion worth of Chinese imports over the past year, China has already retaliated with

tariffs on $110 billion worth of US products, and has planned a tariff hike on $60 billion worth of US goods on June

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n the 2014 EU Parliament election, what was then Fara

ge’s UK Independence Party won with 26.8 percent, followed by Labour on 24.7 percent and the Conse

rvatives on 23.3 percent. The Greens won 7.7 percent in 2014 and the Liberal Democrats 6.7 percent. Turnout was 35.6 percent.

Greater access to China’s financial sector will encourage global investors and dispel the gloom clouding the g

lobal economy amid Beijing’s trade tensions with Washington, according to senior officials and economists.

Chinese financial regulators are preparing a comprehensive opening-up, with more new measures in the pipeline. Foreig

n institutions with advanced performance in risk management, credit rating, consumer finance, endowments and

health insurance are especially welcome, senior officials stressed over the weekend.

The opening measures will offset part of the negative impacts of trade friction on economic re

covery, and enable China to reach its GDP growth target of above 6 percent this year, they said.

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Academy of International Trade and Economic Coopera

The US no longer accounts for such a significant market share as

it did in the old days,” Mei said. “And the major market share is taken by the domestic mar

ket, Europe, Japan and other emerging overseas markets. The US move will gradually later affect its own market.”

Mei said the US ban on Chinese tech titan Huawei and rumored imposition of restrict

ions on Chinese surveillance giant Hikvision will not hamper the growth of China’s tech sector.

The US accounts for only a small part of Hikvision’s overseas ma

rkets, and Hikvision is not heavily reliant on US components for production, Mei said.

“Huawei’s chip arm HiSilicon has produced 70 percent of global surveillance chips. In past years, Ja

panese companies were Hikvision’s main chip suppliers, and now the major supplier is HiSilicon.” Mei added.

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Lu’s comment followed US Treasury Secretary Steven Mn

nuchin’s comments on Wednesday that he is hopeful that both countries can “go back to the table”.

Lu told a Foreign Ministry news briefing that China has reiterated that it

s door is always open, but negotiations must be meaningful and conducted with sincerity.

“A mutually beneficial deal must be based on mutual respect, equality and win-win outcomes,” he said.

The US, out of political purposes, has used its state power to groundlessly suppress Chinese te

ch firms, which has severely affected the global development and cooperation in science and technology, he said.

It has also damaged the interests of businesses of relevant countri

es and will not win the approval and support of the international society, he added.

“Apparently it will not help create a good atmosphere for the negotiations,” he said.

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Also, these new first-tier cities have preferential po

policies for residence permits and financial incentives to lure more talent.

For example, Zhenjiang in Jiangsu province, promised bonuses of 150,000 and 200,000 yuan for house purchases to gradua

tes with master’s and doctoral degrees, respectively, after they work in the city for three years.

Haikou, capital of Hainan province, is attracting college students with a monthly rent s

ubsidy of 1,500 yuan, with an 18,000-yuan allowance to graduates who decide to buy an apartment there.

Employment, especially some groups such as college gradu

ates and demobilized military staff, remains a priority to the government.

Premier Li Keqiang said at a teleconference on May 13 that employme

nt pressure will be felt this year by a larger number of college graduates. However, promotin

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So far, 15 countries including Iran and Mongolia have

According to the administration, the mechanism can switch the on-duty satellite to a quick-scan mode focusing on areas required by users when they are hit by disasters.

“During disasters, Fengyun satellites can scan as often as every five or six minutes. The China Meteo

rological Administration could send users cloud images and products via satellites and public clouds,” Wei said.

For example, in March, China provided a remote-sensing monitor repo

rt on flooding in Iran via Fengyun. The analysis estimated the coverage and ter

rain characteristics of the flooded area, which greatly assisted the country’s evacuation efforts.

China has launched 17 Fengyun series meteorological satellites, of which seven are currently operational.

The World Meteorological Organization has included China’s Fengyun serie

s of meteorological satellites as a major element of its global Earth observation system.

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He underscored the importance of information technol

ogy to the country and people, and called for propelling the development of cloud computing, big data, artificial intell

igence and the industrial internet in a bid to advance the building of a digital China and a smart society.

He also said more work is needed to promote the integration and sharing of infor

mation resources between urban and rural areas to narrow digital gaps and unleash the vitality of digital sectors.

Zhuang Rongwen, head of the Cyberspace Administration of China, said enterprises are being encouraged to ramp up inve

stments and make breakthroughs in core technologies, and to make full use of international innovative resources.

Zhuang also called for speeding up the commercialization of 5G a

nd the deployment of the Internet Protocol version 6 network, as well as pushing forw

ard the digital economy so as to cultivate new driving forces and promote high-quality development.

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The overall stability of China-US relations over the pa

four decades has been a blessing to not only our two countries, but the whole world,” said Cui Ti

ankai, Chinese ambassador to the US, in his remarks during the awards presentation.

“And the essence of the 40-year story is amity between the peoples, which lays the foundation for

and shapes the future of our relations,” he said, adding that the stories shared by peoples from the two cou

ntries through the My China Album series will always “be a source of inspiration and motivation for us”.

Hundreds of US citizens participated in the series from Feb 6 to April 19, sharing their personal stories about China thro

ugh photos and captions. Ten of the participants were recognized for their genuine and touching stories.

“I was so honored to win first place in this year’s My China Album,” said

Max Horne, an incoming Harvard University freshman who visited Yunnan province years a

go and studied the Naxi culture, a local ethnic group. “There’s endless culture for us to appreciate.”

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