ss to US suppliers “will do significant economic harm to the US companies” and affect “tens of thousands of US jobs”. In total, US firm s sold an estimated $11 billion worth of components to Huawei last year, according to earlier media reports. “I’m not able to tell you exactly what the costs will be; it differs from company to company,” said Allen. “But clearly, from a corporate perspective, this Department of Commerce action has created costs and has escalated the uncertainty quite a bit.” Asked to comment on some voices in the US calling for the “decoupling” of the two countries, especially in theRead More →

ocal kindergarten had used to ask children whether they we   re involved in gangs went viral on the internet. The local educational bureau said that the rese arch was meant to stop bullies in kindergartens instead of finding gangster members. Over 90 percent of Hong Kong college students responding to a survey said they were optimistic about the country’s fut ure, and more than 80 percent said they would like to work on the mainland according to a report released Wednesday. The HKUYA Student Exchange Network published the report based on a survey they carrie d out between February and March on Hong KongRead More →

ird of the college graduates chose to pursue a post-graduate degree instead of entering the job mark et, and within six months of graduation more than 90 percent college graduates found employment. Despite all this, there are still many structural employment problems. Take college graduate s for example. Many college graduates seek a high-paying job and a majority of them prefer to work in the e astern region, first-tier cities and large enterprises, which are wishes the employment market can hardly fulfill, esp ecially because some college graduates don’t possess the skills to meet the market’s demands. What should be a bigger concern, however, isRead More →

 this year was 1.68, down from 1.91 in the first quarter of 2018. Although the figure was above 1, the balance line, it was the first decline since the beginning of 2018. About 8.34 million new college graduates and 2 million migrant workers are expected to enter the job market this year. Added to the list of job seekers woul d be those who lose their jobs because of the industrial structural transformation and special type of job see kers such as veterans. This means at least 12 million urban jobs have to be created this year. Still, the employment pressure this year is notRead More →

Two television anchorwomen — one from China and one from the US — will debate two sides of the long-running trade dispute between the two countries. Liu Xin, a mainstay of the China Global Television Network, and Trish Regan, a former CNBC busi ness correspondent who now hosts her own show on the Fox Business Network, will have at it over i ssues such as tariffs and technology Wednesday at 8 pm EDT in the US and simultaneously at 8 am Thursday in China. The discourse will take place via satellite, as Liu will be in CGTN’s studio in Beijing, while Regan will be atRead More →

 live and work, but also accelerate China’s social digital transformation as well as build key competence amid the uphill battle in the global industry,” Huang said. “There are huge investment opportunities for 5G industries, including materials, chips, main equipment suppliers, base stations, antenna, cloud computing, internet of vehicles and the internet of things,” Hu ang said. “5G will bring historic opportunities for China’s economic and social development.” A new 5G research institute has also been established in Yizhuang, Beijing on Wednesday. According to a new report by Global System for Mobile Communications Associ ation, China is set to become the largest 5G market in theRead More →

 China, with related hashtags getting more than 150 million views on Weibo. Eunice Yoon, Beijing bureau chief and Inside China host at CNBC Interna tional, tweeted to Regan that 120 million people viewed a Chinese hashtag that she tran slated to: “Fox News female anchor challenges debate after being accused by CCTV for being emotional”. Yoon, incidentally, was a former classmate of Regan’s at Phillips Exeter Academy, a prep school in New Hampshire. “Seeing the kind of reaction online, I want to say, it’s important for us to have a meaningfu l discussion to try to understand each other better. I appreciate the opportunity,” LiuRead More →

 authority intervention in foreign exchange markets over the past se veral months, according to the US Treasury’s semiannual foreign-exchange report to Congress. The May report summarized that China’s growth appears to be stabilizing on the back of recently enhanced supportive measures. The report expanded the number of countries it scrutinizes for curre ncy manipulation to 21 from 12. Countries with a current account surplus with the US equivalent to 2 percent of GDP were put on the watch list, compared with 3 percent of GDP before. China didn’t meet the “currency manipulator” criteria listed by the US Treasury, but Washington will continue asse ssing theRead More →

 founding of the People’s Republic of China and the great achievements that Chinese people have made under the leadership of the Communist Party of China. Noting that China’s development has made important contributions to m ankind, Issoufou said that China’s inclusive economic growth has lifted a huge number of people out of poverty. Niger supports the goal of building a community with a shared future for mankind, and the BR I put forward by Xi will bring benefits for the whole world, he said, adding that Niger would like to pro actively participate in the Belt and Road. While meeting with Issoufou on Tuesday, PremierRead More →

anies and fund managers entering the market, and assisting in formulating the Futures Law. “As prices of bulk commodities fluctuated frequently and shar ply in recent years, the real economy has a huge demand for risk management,” Lu said, str essing the importance of accelerating the development of the futures market amid uncertainties. China stepped up efforts to open up the commodity futures mar ket last year, making three futures contracts available to f oreign investors so far, including crude oil, iron ore and purified ter ephthalic acid (PTA), a raw material for making plastics. gzbbbbb.comRead More →