After making a couple of reconciliatory gestures, suc

ch as freezing nuclear and missile tests and demolishing some test sites, Pyongyang want

s something in return. Which is not unreasonable, but so far has not been forthcoming.

Washington should not anticipate Pyongyang denuclearizing in a wholesale, one-off mann

er. After all, its nuclear missile programs are the sole bargaining chip it has in its hands.

Rather than surrender its nuclear arsenal in a wholesale manner, it is in Pyongyang’s best inte

rests to turn its engagement with Washington into an arms control regime between two nuclear states.

It may be that a third Trump-Kim summit happens. But meaningful hea

dway in denuclearization entails more than what the two sides appear ready to offer at the moment.

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awmakers Julian Assange should face justice in Sweden

More than 70 British legislators have urged the government to make sure WikiLeaks found

er Julian Assange faces Swedish justice if prosecutors there reopen a rape allegation against him.

The lawmakers signed a letter late Friday urging Home Secretary Sa

jid Javid to “do everything you can to champion action that will ens

ure Julian Assange can be extradited to Sweden in the event Sweden makes an extradition request.”

Sweden suspended its investigation of serious sexual misconduct two years ago because Assange wa

s beyond their reach while he was living in the Ecuadorian Embassy in London with political asylum status.

He was arrested Thursday after Ecuador withdrew his asylum a

nd is now in British custody facing an extradition request

from the United States on charges of conspiring to break into a Pentagon computer.

He is in Belmarsh Prison in southeast London wait

ing to be sentenced for jumping bail in Britain, and plans to fight extradition to the US.

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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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government and China Communication Constru

Piraeus Port is the largest port in Greece. On Aug 10, 2016, COSCO Shipping (Hong Kong) Co Ltd, a subsidiary of China COSC

O Shipping Group, became a controlling shareholder of the port and started operating the facility.

Around 290 million euros are expected to be invested by the company for the expansion of a crui

se terminal, improvement of a ship repair wharf and a new multi-storey garage of roll-on roll-off ship wharf.

The port, as an important meeting point of the Silk Road Economic Belt and the 21st Cent

ury Maritime Silk Road, has become one of the fastest-growing container ports in the world in recent years.

Under the joint operation of Chinese and Greek enterprises, the port’s infrastruct

ure conditions and operational capabilities have been greatly improved. The freight hub has become increas

ingly prominent, not only providing more jobs, but also promoting local economic development and be

coming a model of win-win cooperation under the Belt and Road Initiative.

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Third, there is a serious focus on education overall. Ove

 the past five years, China has built or expanded 260,000 primary and secondary schools, added 1.7 million teache

rs and increased the student body by 27.3 million. The Ministry of Education committed more resources last y

ear to poverty-stricken areas to ensure every child is able to attend school by 2020.

Beyond easing dire poverty in rural areas, China has an ongoing pa

rallel policy to build a moderately prosperous society by 2020, a crucial aspect of which is set

ting up a basic social security system. This has been done progressively since the 1980s.

China also has had several social insurance programs since the 1990s, covering unemployment, employment injury, mat

ernity, medical care and pension. The country subsequently embarked on a new and successful phase of so

cial security development to provide healthcare benefits to rural and nonworking urban residents.

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Second, a fixed trap threshold of $16,000-$17,000 may be

 be a great literary device, but it makes little sense in a dynamic global economy. Since early research on the middle-income trap was published in 2012, the world economy

has grown by about 25 percent-presumably boosting the moving target of a middle-income threshold by a comparable magnitude over t

hat period. Largely for that reason, recent research has couched the trap not in terms of an absolute threshold, but as relative convergence to high-income cou

ntries. From this perspective, danger looms when developing economies’ per capita income approaches 20-30 percent of the level in high-income economies. Giv

en that China will hit about 30 percent of the United States’ per capita GDP (in PPP terms) in 2019, it must be time to worry!

Slowing growth not as alarming as feared

Third, not all growth slowdowns are alike. A country’s GDP is a broad aggregation of a multiplicity of activities across sectors, busin

esses and products. Structural shifts from one sector to another can give the appearance of a growth discontinuity that may be nothing mo

re than the outcome of a deliberate rebalancing strategy. This is very much the case with China today, given its shift from

higher-growth manufacturing and other “secondary” industries to slower-growing services, or “tertiary” industries. To the extent

that this shift is the intended result of China’s strategic rebalancing, a slowdown in growth is far less alarming.

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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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As the new area will be built to the highest standards, ther

will be significant demand for top-quality goods and services,” he told China Daily.

Noting that many European companies are renowned for their innovation and reliability, Bagnasco said that “there shou

ld be plenty of business to be done” in Xiongan. In June, Mats Harborn, chamber president, paid a visit to Xiongan and wa

s received by Chen Gang, vice-governor of Hebei province and director of Xiongan’s management committee.

Chen said he hopes the chamber will take an active role in such areas as green developm

ent, intelligent technologies and innovation in Xiongan, an official news release from the new area said.

“The EU Chamber of Commerce in China has been building relationships in Xiongan for some time now, and the me

eting in June was just one part of that,” Bagnasco said, adding that the meeting was a good opportunity to furt

her develop relationships and deal with more concrete matters, such as specific investment mechanisms.

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The Chinese government has never imposed any policy

 to force foreign companies to transfer their technology,” Gao added, sayi

ng that the country’s Foreign Investment Law bars forced technology transfers.

The newly passed law, approved this month and set to take effect in January, stipulates that China will treat foreign and Chi

nese enterprises equally and protect their intellectual property rights. Under the law, foreign enterprises will recei

ve pre-establishment national treatment, in addition to a negative list system for market access.

A negative list shows areas where investment i

s limited or prohibited for foreign investors, with all other areas presumed to be open.

Gao said the ministry is working with relevant de

partments to conduct research on shortening the negative list for market access.

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But some were unmoved and the Northern Irish party cruc

rucial to getting the agreement through said it would reject the deal again.

Britain was supposed to leave the bloc on Friday but Brussels agreed last week to put back the

divorce date until April 12 to give it a chance to resolve a three-year crisis that has split the country down the middle.

However, it still remains uncertain how, when or even whether the United Kingdom, the wo

rld’s fifth-biggest economy, will leave the EU. The possibilities that it will leave with no deal to so

ften the shock to its economy, or delay the departure date to hold a general election, have increased as other options fade.

While May’s deal continued to stumble, an attempt by parliament to take control of the proc

ess by holding a series of indicative votes on other options produced no immediate way through the impasse.

None of the proposals, many of which involved closer alignmen

t with the EU than May envisages, won the support of a majority of lawmakers.

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