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 →

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,Read More →

 A shares, in the final step as part of the November 2019 Semi-Annual Index Review, according to the report. About 109 companies will be added and three removed from the MSCI China A Onshore Index, whic h will take place as of the close of May 28, and the three largest additions to this index would be the Wens Foodstuff Group A, Contemporary A and Shenzhen Mindray A, the MSCI said. In addition, the MSCI China A Onshore Small Cap Index will see 503 stocks added and 49 cut, with most of the new addi tions coming from newly eligible ChiNext stocks, according to anRead More →

level, and supported by diverse interest groups will prevent conflicts among stakeholders in the South China Sea,” Santarita said. Scientists from China and other countries involved in the Belt and Road Initiative will work together to enhance scientifi c and technological cooperation in disaster prevention and mitigation, according to a joint declaration. He said Asia’s emphasis on “respect for authority, respect for the environment and the discipli ne to control the use of resources” will also see Asian leaders pursuing a more eco-friendly dev elopment path and honor their commitments to the Paris climate agreement. “If there is harmony, discipline, stability and the primacy ofRead More →

With 1,000 days to go before the 2022 Winter Olympics, pr eparations are well underway for a successful and sustainable event. Built for the 2008 Summer Games, Olympic Park in Beijing’s north ern downtown area entered the spotlight again on Friday as the country began its cou ntdown. The 2022 Winter Olympics, will be held in Beijing and co-host Zhangjiakou in adjacent Hebei province. As the symbolic “1,000” flashed on a digital clock on the park’s Lin glong Tower, a broadcasting facility for the 2008 Games, expectations were heig htened for the winter sports extravaganza, which will run from Feb 4 to 20 in 2022.Read More →

ct “regular sales” of “defense articles” to Taiwan and back its participation in international organizations. “We urge the US side to keep its promise, abide by the one-­China policy a nd the three joint communiques, and block the bill’s progress,” Geng said. He urged the US to “appropriately handle the Taiwan question to avoid serious da mage to Sino-US cooperation in key areas, and the peace and security of the region”. Experts said the bill will further damage Sino-US relations, and the confr ontational approach taken by the US against China will damage regional peace and security. Yuan Zheng, director of US foreign relations researchRead More →

rcrowding and rampant construction plaguing cities, and the development of cities will also offer unique ways to bring about rural revitalization,” Chen said. “As restrictions on hukou will gradually be removed, cities need to be well-prepared to offer accommodation and employment opportunities, and allow children of migrant workers to have equal access to education,” Chen added. China has made steady progress in urbanization, as the ranks of permanent urban r esidents stood at 831 million at the end of 2018, up 17.9 million from the previous year, said the National Bureau of Statistics. Last month, the National Development and Reform Commission said it plans toRead More →

 transit. According to NBS preliminary estimates, the share of consumption of clean energy such as natural gas, hydropo wer, nuclear power and wind power in total energy consumption in the first quarter was 1.5 percentage points hi gher than that of the same period last year. Energy consumption per unit of GDP went down by 2.7 percent year-on-year. Total investment in fixed aassets grew by 6.3 percent, with private invest ment growing at 6.4 percent, slightly faster than the overall number. This is es pecially significant in the light of last year’s fears that private investment in the econo my might collapse. So, the government’sRead More →

hina will increase imports of goods and services on a larger scale. China will further lower its tariff rates. China not to adopt beggar-thy-neighbor currency devaluation China will continue to improve the exchange rate formation mechanism of its curren cy, the renminbi, and keep the exchange rate generally stable on a reasonable and balanced level. China establishes mechanism for fulfilling international agreements China attaches great importance to the establishment of a constrain t mechanism for the fulfillment and implementation of international agreements, and the modi fication and improvement of laws and regulations in accordance with the need of further opening-up. Fair treatment to Chinese enterprises,Read More →

ational Cooperation, to be held in Beijing on Thursday through Saturday, S ong said the ministry will help deepen economic and trade cooperation with other coun tries. “China will build more free trade zones with countries that are willing to do so,” Song added. “As for the existing free trade zones, we will reduce administrative barriers in trade and investment and push the formation of a big Belt and Road marketplace.” While some critics have argued that the initiative will lead countries i nto debt traps, Song said debt can be solved through joint efforts to promote the devel opment of BRI economies. “Even thoughRead More →