And given that the other major economies are using fre

e trade zones上海千花网品茶微信j as a strategic means to play geopolitical and geo-economic games, China should accelerate the b

uilding of free trade zones with other countries under the bilateral or multilateral investment ag

reement framework for a diametrically opposite purpose: boosting global economic cooperation.

The focus of international trade policy has shifted from tariffs and licensing to convenient inves

tment and trade facilitation policies, and creating of a business-friendly climate. So while ope

ning up the domestic market and helping improve the utilization of foreign capital, China should also work out de

tailed rules on the foreign investment law, take steps to remove the obstacles to outbound Chinese investments, promote th

e free flow of global and domestic production factors, and expand its economic development space.

Important to reform global governance system

To stabilize the economy and prevent risks, China should seek more govern

ment-funded infrastructure investment projects in fields such as 5G networks, intellig

www.hebeishengxin.cn

It is one of the oldest festivals, not only in China but also thro

roughout the world, with a history of more than 2,000 years. In 2006, the traditional festival was listed

as part of China’s national intangible cultural heritage. In 2008, it was recognized as a public holiday in the Chinese mainland.

The Dragon Boat Festival commemorates the death of Qu Yuan, a Chu state official and poet who lived during the Warring State

s Period (475-221 BC) before the reunification of China under the Qin Dynasty (221-206 BC). He was exiled after

opposing his king’s decision to ally with the neighboring state of Qin, and when Chu was finally conquered by Qin, h

e committed suicide by drowning in the Miluo River on the fifth day of the fifth lunar month.

The Chu people, who admired Qu Yuan for his loyalty and integrity, threw rice dumplings into the river to feed the fish so t

hey would not eat the body of their poet hero. People then started dragon boat racing to scare off the fish.

Since then, the fifth day of the fifth month on the lunar calen

dar is celebrated as the Dragon Boat Festival. The following are some customs for the festival.

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The world’s largest unicorn is Beijing Bytedance Tech

nology Co. The Chinese multimedia giant, owner of personalized news aggre

gator Toutiao and popular short video platform Douyin or Tik Tok, is worth $75 billion.

More than 100 unicorns are projected to have an initial public offering this year, including Uber and Airbnb, while ride-hailing servic

e provider Lyft and online scrapbook company Pinterest have already hit the public market, the report said.

Unicorns are most likely to appear in internet software services and e-commerce, while the most valued ones are m

ostly found in the on-demand transportation sector, Desjardins said. celebrate the Dragon Boat Festival, fo

reign students from the Chinese Culture and Literature School at Nankai Univer

iglhlg.cn

The 14 new rooms, spanning over 1,100 square meters, wi

host 105 works by Venice and Florence artists, including Titian and Tintoretto. The pieces were st

ored in the museum’s warehouses, and about a third had not been exhibited to the public for several years.

“All these great masters are back on view here in the Uffizi in new spaciou

s halls where we can have many visitors to admire them,” says Uffizi’s director, Eike Schmidt.

“It is as if a second, new museum had opened inside the gallery,” he adds.

Titian’s Venus of Urbino hangs in a room with two other paintings and is

among the most celebrated canvas on display in the new section of the Florence art gallery.

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In May, the offshore RMB exchange rate against the US do

dollar dropped more than 3 percent under market pressure as global investors worried about the escalation of trade friction.

Guo Shuqing, Party secretary of the People’s Bank of China, the central bank, said on Monda

y that higher US tariffs on China’s imports triggered financial market volatility, and this also affected the offshore RMB.

The currency’s depreciation was purely caused by market forces, a

d China has never taken any measures to deliberately devalue the currency to make its exports more

attractive, said Guo, who is also head of the China Banking and Insurance Regulatory Commission.

According to Guo, the short-term fluctuation of the RMB exchange

rate was normal, and the depreciation will not last long given the stable economic growth base.

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RMB’s value determined by market forcesce forex rese

Beijing will not sacrifice forex reserves to defend its currency, analysts say

China would rather rely on market-oriented forces to determine the renminbi’s value than defend its currency by d

ipping into its $3 trillion foreign exchange reserves amid trade disagreements, analysts said.

The United States Treasury announced on Wednesday that it could not label China a

s a “currency manipulator” after Washington monitored the recent performance of the RMB.

No evidence was found to show Chinese monetary authority intervention in foreign exchange markets over the past sev

eral months, according to the US Treasury’s semiannual foreign-exchange report to Congress.

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So far EU ministers have only agreed a modest mandat

 to discuss reductions in tariffs in industrial goods and to seek agreement on conformity assessments. EU Trade Commissioner Cecilia Malmstrom is opp

osed to any quota agreement on cars and has lambasted the national security excuse put forward by the White House.

The most prominent supporter of free trade is the center-right European People’s Party which lost sea

ts largely to right-wing parties opposed to free trade, and to the Greens which want tougher conditions attached to trade deals.

The center-left Socialists are also broadly in support of free trade but lo

st seats, while the pro-trade Liberals (the Alliance of Liberals and Democrats for Europe) gai

ned seats. But the Liberals are now aligned with French President Emmanuel Macron’s En Ma

www.gzbbaf.com

Experts say more work needed on AIo in Suzhou, Jia

hina has published the most research

papers on artificial intelligence around the world, while AI research from the Unite

d States remains the most influential, said a report on AI development released in Shanghai on Friday.

More than 300,000 papers on AI have been published globally from 2013 to 2018, among which around 74,000 were publishe

d by Chinese researchers and 52,000 by their US counterparts, and the US dominated in fields such as citation impact,

number of patents, 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 Development, 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

sh419de.com

By late April, China had been hit by 129 African swin

fever outbreaks, affecting all 31 provinces, municipalities and autonomous regions on the mainland, since the country’s first reported outb

reak in Shenyang, Liaoning province, in August, according to the Ministry of Agriculture and Rural Affairs.

This resulted in more than 1 million pigs being slaughtered to prevent and control the disease, which is deadly to pigs but does no

t affect people. The ministry has called for intensified research and development to expedite the availability of v

accines for disease prevention and control, but admitted difficulties due to the complex nature of the virus.

China is the world’s largest producer and consumer of pork, with an a

nnual production of 700 million pigs. Pork accounts for 62 percent of meat con

sumption in China, and sustained outbreaks of African swine fever will cause devastating consequences to the pi

g industry and endanger China’s food security, the Chinese Academy of Agricultural Sciences said.

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Pompeo said in an interview with CNBC that, “We’ve been

working at the State Department to make sure that everyone understands the risks.”

“Recently, some US politicians have repeatedly made rumors about Huawei but canno

t provide any evidence that other countries have requested,” Lu told a daily news conference.

He noted that the US public is having more and more doubts over the market turbulen

ce and undermined industrial cooperation caused by the trade war and technology war initiated by the US.

“So some US politicians have continually created rumors, tr

ying to mislead the public and stir up ideological opposition, which is illogical,” Lu said.

Ideological differences do not necessarily impede tra

de, industrial and technological cooperation between countries, he said.

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