Market-oriented reform and opening-up will improve pr

roductivity in the service sector, which is an important thing that China is focusing on to stabilize economic growth,” Zhu said.

Chen Yulu, a vice-governor of the PBOC, also supported a “full-scale” opening of the financial sector. In the future, foreign invest

ors are welcome to conduct all forms of financial business in China, excepting those being named on a neg

ative list, and authorities are researching a new regulatory system, Chen said at the forum on Saturday.

Li Daokui, director of the Academic Center for Chinese Economic Practice and Thinking at Tsing

hua University, said China “should be more confident” in accelerating opening-up of its financial sec

tor, which will help global investors seize numerous opportunities in the Chinese market.

Domestic financial institutions are now capable of engaging in fiercer competition with global peers as their serv

ice abilities in many aspects, such as banking and insurance, have improved a lot over the past years, Li said.

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Tariffs pose threat to global industrial chains, official says

The tariff increases that the United States has placed on Chinese goods affect not only the interests of Chinese companies and consumers, but also their US cou

nterparts and threaten the security of global industrial and supply chains, according to a senior Chinese industrial official.

“We once again urge the US to stop unreasonably suppressing Chin

ese companies. Chinese companies deserve to invest and operate in a fair and just en

vironment in the US and the world,” Vice-Minister of Industry and Information Technology Wang Zhijun said.

Concerning the US decision to further increase tariffs on Chinese imports, Wang s

aid during a recent interview with news media that the total impact is “controllable”.

The nearly $200 billion of Chinese goods hit by additional US tariffs on May 10 acco

unted for 41.8 percent of China’s US exports in 2018, or 8 percent of its total exports.

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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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Share planning with Braziloffice office partnership

China would like to have a shared planning process with Brazil to achieve coordinated development, President Xi Jin

ping said on Friday during a meeting with Brazilian Vice-President Hamilton Mourao at the Great Hall of the People in Beijing.

Calling the two countries highly complementary, Xi said China welcomes Brazil’s participation in the building of the Belt and Road.

He said China supports the prosperity and development of B

razil and believes that China-Brazil cooperation will produce great outcomes.

Xi asked Mourao to extend his sincere greetings to Brazil’s P

resident Jair Bolsonaro, who took office in January. Ch

ina appreciates the efforts made by the new government to promote the comprehensive strategic partnership, he said.

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More than 300,000 papers on AI have been publish

ed globally from 2013 to 2018, among which around 74,000 were published by Chinese researche

rs and 52,000 by their US counterparts, and the US dominated in fields such as citation impact, number of p

atents, and the scale of companies and funds, the report said, adding that China lacks basic theoretical research.

The report was compiled by the Research Center for AI Develo

pment, which was established last year by the Ministry of Science and Technology.

“China and the United States are the two main pillars of the world’s AI r

esearch network, and the most cooperation on AI research happened between the two n

ations-the link between them is the strongest,” said Li Xiuquan, deputy director of the center. “But more and mo

re countries have realized the importance of AI, and paid a lot of attention to this area.”

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The two countries should make further contributions to

promoting a new type of international relationship and building a community with a shared future for mankind, Xi said.

Mourao extended President Bolsonaro’s greetings and bes

t wishes, and delivered a letter from the Brazilian president to Xi.

The new Brazilian administration led by Bolsonaro attache

s great importance to relations with China, Mourao said.

Brazil speaks highly of China’s important contributions to promoti

ng global economic growth and considers China to be a reliable and stable partner, he said.

Brazil would like to connect the country’s investment partners plans with the Belt and

Road Initiative and expand cooperation with China in areas including trade, techno

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According to the latest information from the Tibet Himal

alaya Expedition Co, by Thursday morning, 12 climbers from the company and 21 mou

ntaineering guides successfully reached the summit of the mountain from the northern slope.

Tsering Samdrub, general manger of the company, said with significa

nt training long for 43 days, 12 Chinese climbers made it to the summit.

“The weather on Thursday was so nice. Thanks to this, the climbers were all in very good

condition,” said Tsering Samdrub, commander-in-chief of ongoing spring climbing.

“Hampered by weather factors this year, the final climbing period to the summit was later than the previous year, and clim

bers from different countries all take this opportunity to complete their climbing,” said Samdrub.

Samdrub also said more than 200 climbers are huddled together, which has led to one-two hour postponements of climbing times.

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He said China firmly opposes this and hopes that the US w

Reportedly, the United States administration is considering extending its attacks on

Chinese companies by blacklisting China’s largest surveillance equipment manufacturer Hikvision.

If so, Hikvision — which has about 20 percent of the global market share and has been the

leading player in the industry for seven consecutive years — will become the fourth Chinese company Wa

shington has targeted after the telecommunications companies ZTE and Huawei, and drone maker DJI.

Unlike the previous three companies, which the US administrat

ion has justified the attacks on with the excuse 2019/05/22/shangjianxiachuicn-3/it is protecting national security, the premise for

setting its sights on Hikvision, which serves customers in more than 150 countries, including the US, is t

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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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Father of slain student petitions court for death penalty

It’s been nearly a year since Xie Diao, a postgraduate student of the Chinese Academy of Sciences, was stabbed seven tim

es to death by his high school classmate Zhou Kaixuan at a restaurant outside the school.

Xie Zhonghua, father of Xie Diao, has been immersed in grief in the past year: He often

dreamed of his son, but then would suddenly awaken and start sobbing uncontrollably.

The case will finally be heard in Beijing First Intermediate People’s Court on May 24. To get justice for his son, Xie Zhon

ghua took to the streets and publicized the case, gathering tens of thousands of signatures that he has su

bmitted to the court. He hopes that, through his petition, the court would sentence Zhou to death.

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