ourage the innovation of original technologie

 and enhance intellectual property right protection, Xi said. He called on

the governments to build a stable, fair and transparent business environment, and to he

lp private enterprises and small and medium-sized companies to address their difficulties in finance.

Governments in the central region should attract advanced manufacturing enterprises moved from the coastal reg

ion, take part in Belt and Road international cooperation, enhance the protection of the environment, create m

ore jobs for poverty reduction and make relevant policies to support the rise of the central region, Xi said.

hina will further open and reform its markets, as well as facilitate a predictable busin

ess environment to help companies improve their ability to respond to risks, said the Ministry of Commerce.

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Commenting on the suggestion of quickly shifting sou

rcing to countries other than China under the tariff specter, the FDRA said there had been com

panies moving away, but “footwear is a very capital-intensive industry, with years of planning required to m

ake sourcing decisions, and companies cannot simply move factories to adjust to these changes”.

Douglas H. Paal, vice-president of the Asia Program at the Carnegie Endowme

nt for International Peace, said the footwear industry’s complaints are justifiable, albeit a little late.

“Since their issues do not involve critical technologies, the

re might be room for the administration to offer a degree of relief,” Paal told China Daily.

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President Xi inspects high-tech companyL MAG Rare-Earth

President Xi Jinping inspected a company that manufactures high-tech magnetic m

aterials as he kicked off an inspection trip to East China’s Jiangxi province on Monday.

Xi learned about the business operations of the JL MAG Rare-Earth Co Ltd, based in Ganzhou, which speciali

zes in rare earth permanent magnetic materials, as well as the development of the rare earth sector in the city.

Ren Zhengfei, founder and CEO of Huawei, said on Tuesday that the US governm

ent’s 90-day extension “doesn’t mean much”, adding that the company was ready to deal with the ban.

Ren’s comments came after the US Commerce Department said on Monday that it gave Hu

awei a 90-day license to purchase US technologies to maintain existing networks and provide software upd

ates to existing Huawei handsets. That marks a delay of the ban on US technology exports to Huawei.

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At 65 meters in diameter, the radio telescope Tianma-or

 heavenly horse-located in the suburban Songjiang district, is the largest omnibearing movable telescope in Asia an

d is ranked third in the world in comprehensive performance. It began providing celestial observations in 2012.

While Tianma was not directly involved in the observations that led to the black hole image, its ability to see other phenome

na in the universe on certain wavelengths, contributed to the precise calibration of the final data for the image, s

cientists in Shanghai said. Tianma is part of the East Asia Very Long Baseline Interferometry Network, or EAVN.

Shen Zhiqiang, head of the Chinese Academy of Sciences’ S

hanghai Astronomical Observatory and a member of the Event Horizon Telescope (EHT) inter

national team that assembled the black hole image-more than 200 astronomers worldwide linked via a g

lobe-spanning array of eight ground-based radio telescopes-said that the equipme

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China will further open the financial market to welcom

e more overseas investors in. The cross-border trade and investment will be more free and convenient, said Pan.

He called China’s economy stable, as the major economic indicators were within a reasonable range.

In April, the National Bureau of Statistics said the purchasing ma

nagers’ index for the manufacturing sector stood at 50.1, indicating expansion as the reading was above 50.

The broad money supply, or M2, increased 8.5 percent year-on-year by the end of April, compared with 8.3 percent a year earlier.

“The prudential monetary policy was focused on countercyclical adjustments this year, maintaining flexibility as well as

ample liquidity to promote fast growth of credit and strengthened support of private and small enterprises,” Pan added.

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The phone call took place days after the US Commerce Dep

artment announced on Wednesday it will add telecommunications eq

uipment maker Huawei and its affiliates to the Entity List on Wednesday. Being on the list

bars the company from buying US technology without government approval due to security concerns.

On the same day, US President Donald Trump signed an executive order that bars US companies fr

om using telecom equipment from manufacturers considered a national security risk, without mentioning Huawei by name.

Such moves, as well as the increase of tariffs on $200 billion worth of Chinese goods earlier this m

onth, complicated the prospect of continuing the bilateral trade talks that have been ongoing for more than a year.

China has always believed in and hoped to solve trade differences thr

ough talks, but such talks should be equal, Wang said. In any talks, China must protect its legitim

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the middle of this century, digital villages will be compl

pletely built nationwide to advance rural revitalization.

To fulfill such targets, the country will accelerate the construction of IT infr

astructures in rural areas, upgrading rural internet facilities and information services.

More efforts will be made to boost the rural digital economy, with wider use of digital technolo

gies in agriculture and the development of e-commerce and various emerging creative industries in rural regions.

While providing more support for rural technological innovation, the co

untry will strengthen ecological protection in rural areas with digital technologies.

Moreover, the guideline stressed the significance of improving internet access in rural areas in poverty alleviation and ca

lled for enhanced information sharing to promote urban-rural integrated development.

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rvices will be provided based on the results of a sur

China will offer customized data services for disaster prevention throug

h its Fengyun meteorological satellites for more countries along the Belt and Road, said a

senior official of the China Meteorological Administration’s National Satellite Meteorological Center.

The services will be provided based on the results of a survey of 81 countries. By the end

of April, 22 countries, including Afghanistan, Pakistan, Iran, Russia, Libya and Sudan, had responded to the survey.

All of the respondents said they wanted to install the application software platforms

of the Fengyun satellites for weather forecasting, as well as climate and environment monitoring.

They also requested a range of services, especially in monitoring rainf

all, droughts, dust storms, heavy fog and lightning, in addition to training courses on F

engyun meteorological satellite data analysis, remote-sensing applications and data collection.

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information technology, had confirmed at the Boao Foru

um for Asia, that China will grant 5G licenses this year, but didn’t disclose a specific date.

“5G, industrial internet and the internet of vehicles are among the country’s top development priorities in the teleco

mmunications industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Technology, sa

id on Friday during the World Telecommunication and Information Society Day.

Zhang called for accelerated efforts to set standards in key areas, including 5G, to expedite th

e commercialization of this forefront technology and bolster the nation’s core competitiveness.

Major Chinese smartphone maker Huawei Technologies Co has already unveiled its first 5G chip and first 5G fol

dable smartphone, the Mate X, which is expected to hit the market in June, despite challenges involving the United States.

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Washington foolish to defy economics law and turns in the

The root cause for the repeated twists and turns in the China-US trade talks lies, to a grea

t extent, in the United States’ serious deviation from, and disdain for, the objective laws of econ

omics. The fact that China will never accept its unreasonable demands further complicates the matters for the US.

The US administration’s often competing and clashing objectives-though m

any of them are understandable-cannot be realized simultaneously. For instance, the U

S hopes to revive its industries and boost its real economy while maintaining the huge bubble in its financial market.

A dream called sustainable reindustrialization

Yet the US expends huge amounts of its resources just to maintain its mo

netary hegemony and thus ensure its financial sector offers higher pay and return on inv

estment compared with the real economy sectors, which helps it to maintain its advantage in

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