China announces new tariffs on US goodsday that it wil

China said late on Monday that it will increase tariffs on the bulk of $60 billion of US imports to three categories of rates between 10% and 25%.

For the rest of the $60 billion US imports, the duty rate will remains at 5 percent.

The tariffs will hit around 5,000 products and will take effect on June 1.

It is China’s latest response to the additional US tariffs on $200 billion of Chinese goods, which were implemented on Friday morning.

The move fully demonstrates Beijing’s firm determination to defend its due interest

s and legitimate rights in international trade and economic cooperation, according to analysts.

Guanxi, compadrazgo and bapakism. Three words from China, the Philip

pines and Indonesia that encapsulate the same values of the vast continent through the a

ges-a shared belief in the importance of the family and the community over the individual.

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hina deeply disappointed by US tariff planpointm

hina voiced deep disappointment late on Wednesday about Washington’s plan to raise tariffs on Chinese imports on Fr

iday, saying that it will take necessary counter-measures if the US tariffs increase takes effect.

The planned tariffs increase on $200 billion worth of Chinese

imports from 10 percent to 25 percent was filed by the Office of the US Trade Representative, and

the filing appeared on Wednesday in the Federal Register, the Associated Press reported.

In response, an unnamed spokesman for the Ministry of Commerce said in a statement on the ministry’s website that escal

ating trade friction does not serve the interests of people in the two countries and the world.

Major US trade bodies have urged the Trump administration to avoid further escalating tensions by suddenly incr

easing tariffs on Friday, while experts said it’s sensible for China to continue negotiations in a measured way.

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China’s determination to expand opening-up and the ong

going reform measures have made its financial market increasingly appealing to overse

as investors,” the administration said on Monday in a statement on its website.

“The administration will continue to support the opening-up of financ

ial markets, meet demand from overseas investors to expand investment in the ma

rkets and attract global long-term capital to enter China’s financial markets,” it said.

Given the stable performance of the yuan and expectations of balanced capital flows, China’s fore

ign exchange reserves remained stable in April, reaching $3.095 trillion by the end of last month, co

mpared with $3.099 trillion by March, according to data released by the administration on Tuesday.

China is willing to see the accelerated development of the onshore capital market, said analysts, allowing direct fi

nancing to play a more significant role in allocating savings and investment, and better serve the economy.

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President mourns plane tragedyafter an emerg enemetyevo

Investigation underway to find out cause of fire that claimed 41 lives at Moscow airport

President Xi Jinping extended condolences to his Russian counterpart Vladimir

Putin on Monday over the victims of a fire on a passenger plane on Sunday in Moscow.

The landing plane was engulfed in flames, leaving at least 41 dead on Sunday at Sheremetyevo Airport.

Xi said in his message that he was shocked that the plane burst into flames as it ma

de an emergency landing at She­remetyevo Airport in Moscow, which led to major casualties.

On behalf of the Chinese government, the Chinese people and himself, Xi extended deep co

ndolences to the victims and his sincere sympathy to the bereaved families and the injured.

Also on Monday, Premier Li Ke­qiang sent a condolence message to Russian Prime Minister Dmitry Medvedev over the accident.

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Other commonly used disaggregated growth meas

ures are consistent with the top-line measured GDP growth number. For example, production and

supply of electricity, thermal power, gas and water increased by 7.1 percent in the quarter. Pl

us, value-added index of transport, storage and post increased by 7.3 percent.

A closer look at the highest growth sectors shows that the economy is moving toward the long-term goal of shif

ting away from a development strategy based on heavy investment in industry and

infrastructure to one based on services and domestic consumption. Also, more productive industries that tur

n out higher-value added goods are growing at a much faster rate than traditional heavy industry.

Among large companies, State-owned enterprises grew 4.5 percent yea

r-on-year while shareholding enterprises grew almost twice as fast, at 7.8 percent. So, stro

ng progress is being made toward the goal of promoting private enterprise, which was re

inforced by many policies announced at last month’s meeting of the National People’s Congress.

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wei Technologies Co posted 179.7 billion yuan in reve

British Prime Minister Theresa May has given the green light to Chinese telecom giant H

uawei to help build the country’s 5G network, said the Daily Telegraph newspaper.

UK’s National Security Council, which is chaired by May, agree

d on Tuesday to allow Huawei limited access to help build parts

of the network such as antennas and other “noncore” infrastructure, the report said.

Huawei is already present in Britain’s existing noncore mobile network, said a Reuters report.

Previously, Huawei said it “poses no threat” and the best way to win trust is thr

ough “transparency” in response to criticism from some in the United Kingdom.

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hina will continue to suspend extra tariffs on

The State Council said on Sunday that China would continue to suspend additional tariffs on US

vehicles and auto parts after April 1, in a goodwill gesture following a US decision to delay tariff hikes on Chinese imports.

In December, China said it would suspend additional 25 percent tariffs on US-made vehi

cles and auto parts for three months, following a truce in a trade war between the world’s two largest economies.

The State Council, or China’s cabinet, said the move was aimed at “continuing to create a good atmosphere for the ongoing trade negotiations between both sides”.

elt and Road Initiative serves to promote multilateral cooperation: China Daily editorial

t is natural for such a big international project as China’s Belt and Road Initiative to be ta

ken by some with a grain of salt. But the fact that 129 countries and 29 international organizations

have so far signed cooperation documents with China on the initiative shows that such views are in the minority.

The most common charges laid at China’s door are the Belt and Road is a debt trap and it is all about Chi

na’s strategic objectives. It has also been called a “scheme to split European Union”. And other labels will certainly appear.

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Crews clean up foul water at blast sitel teams are nitoring

Environment officers were busy preventing the spread of polluted water insi

de an industrial park in Jiangsu province that was hit by a deadly blast last week.

Priority had been given to the treatment of wastewater in the exploded chemical plant and the huge

pit the explosion generated, according to a release from the Ministry of Ecology and Environment on Friday.

The deadly blast occurred at about 2:48 pm on March 21 following a fire in a plant owned b

y Jiangsu Tianjiayi Chemical Co. The accident has left at least 78 dead and more than 600 injured.

Alkali had been thrown into the waste water to neutralize its acidit

y so that the polluted water could flow to a nearby treatment plant via a pipeline. Otherwise, the wa

stewater would erode the pipeline, according to a working team the ministry dispatched to the site.

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Xi meets Macron on maintaining sound China-France ties

NICE, France – Chinese President Xi Jinping on Sunday stressed the importance of maintaining a sound China

-France relationship to both countries’ long-term development and its potential impact on the world.

Xi, who is paying a state visit to France, made the remarks when meeting with French President Emmanuel Macron in the southern French city of Nice.

Recalling the history of friendly exchanges between China and France, Xi noted that Franc

e is the first major Western country to establish official diplomatic relations with the People’s Republic of China (PRC).

France, he added, also is the first country to form a strategic partnership and conduct stra

tegic dialogue with China and the first to carry out civilian nuclear-energy cooperation with China.

He pointed to the special significance of his visit, which came at a special year that marks both the 70th anniversary of the foun

ding of the PRC and the 55th anniversary of the establishment of China-France diplomatic relations.

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Cyclone Idai: Fears for 500,000 people as 90% of Mozambiqu

  Fears are growing for more than 500,000 people in the Mozambique city of Beira, after a

id agency officials warned that 90% of the area had been “destroyed” by Cyclone Idai.

  The cyclone slammed into the southeast African country as a high-end Category 2 storm with 175 kph (110 mph winds) at midn

ight Thursday, causing widespread devastation, before moving inland into Zimbabwe and Malawi.

  In an address on national radio Monday, Mozambique President Filipe Nyusi warned that while the official death toll

stood at 84, “everything indicates that we can have a record of more than 1,000 dead.”

  Nyusi described seeing “bodies floating” in the water after two rivers broke their banks “wiping out entire vil

lages ” and isolating others. “It’s a real humanitarian disaster of large proportions,” said Nyusi.

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