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.

www.ashtvt.com

Uber has also weathered controversies including revelati

ions of a culture of sexism and bullying at Uber and US Department of Justice investigations. After a series of embarrassments, Kalanick was forced to res

ign in 2017 by a group of investors. Uber then hired Khosrowshahi to lead the company.

Uber has said it has the potential to grow not just in the cab hailing business, but also as a “sup

erapp” to provide logistic services, such as grocery and food delivery, organizing freight tra

nsportation, and even financial services, much like Grab, its Southeast Asian counterpart.

But market experts have struggled to find value in a company that has consistently posted los

ses, and warned that it may never be profitable. “The business is unprofitable, new entrants can enter the ma

rket, there is potential regulatory risk, and it is very price sensitive. What is there to like about this opportunity?” Ro

bert Johnson, professor of finance at Heider College of Business, Creighton University in Omaha, Nebraska said.

zhongqianxue.cn

hinese companies lead in global 5G patent applications with

Huawei ranking first, according to a report by IPlytics, an authorized patent data company.

Chinese companies topped the list for most 5G Standards-Essential Patents applications in communicat

ion systems by the end of April, accounting for 34 percent of the world’s total, The Paper reported Wednesday, citing the report.

Chinese tech giant Huawei has taken a leading role by owning 15 percent of Stan

dards-Essential Patents, according to the report Who Is Leading the 5G Patent Race?

5G SEPs are patents any company will have to use when implementing standar

dized 5G technology and no one can avoid them, giving them key value among all patents.

Three industrial leaders from China were included in the top 10 list of 5

G SEP family owners, with Huawei taking the crown, and ZET Corp and China Academy of

Telecommunications Technology grabbing fifth and ninth places, respectively.

yajkaz.cn

Officials urged to create safe, stable societyand

Xi underlines building professional forces at key meeting on public security

President Xi Jinping urged the nation’s public security forces to fulfill their responsibilities and missions in the new era to cr

eate a safe and stable social environment that enables people to feel an even stronger sense of security.

Xi, also general secretary of the Communist Party of China Cent

ral Committee and chairman of the Central Military Commission, made the remark at a t

wo-day national conference on public security work, which concluded in Beijing on Wednesday.

He called for building highly professional public security forces that are loyal to the Pa

rty, serve the people, promote impartiality in law enforcement and remain disciplined.

Under the new historical conditions, public security departments must

adhere to the overall national security outlook and a people-centered approach, Xi said.

suiyincoin.cn

Foreign volunteers help out at Hangzhou scenic spot

More than 2.5 million tourists visited West Lake in Zhejiang province over the May Day holiday.

What caught the attention of many of them was the presence of a team of eight intern

ational students, all wearing yellow vests and Bluetooth headsets, and riding electric scooters.

The eight were studying in Hangzhou, Zhejiang’s provincial capital. They are the first internatio

nal volunteer team serving at the famous spot, which was listed as a UNESCO World Heritage Site in 2011.

The foreign volunteers are from India, Mongolia, Banglade

sh, Indonesia, Democratic Republic of Congo, Ethiopia, Tanzania and Yemen.

“As Hangzhou is seeing an increasing number of individual travelers from abroad followin

g the 2016 G20 Summit … we have been considering how to diversify our volunteer forces during h

olidays and peak seasons for years,” said Liu Jian, director of the volunteer program.

www.xiaovfuli.cn

The company will consider adding employees, researc

ch and field development resources to expand in the Chinese market over the coming years, he said.

Ministry of Commerce spokesman Gao Feng said last month that the two countries’ negotiating teams are hashing out the text of a deal, including an enforcem

ent mechanism, based on mutual respect and benefit. Both countries, the world’s two biggest ec

onomies, have been intensifying their consultations and aiming to break the deadlock in a timely manner.

In the ninth round of trade consultations, negotiators discussed tec

hnology transfers, protection of intellectual property rights, non-tariff measures, the s

ervice sector, agriculture, trade imbalances and enforcement mechanisms.

Trade between China and the US amounted to 815.86 billion yuan ($121.7 billion) in t

he first quarter of the year, an 11 percent year-on-year decline, according to the General Administration of Cus

toms. In March, Sino-US trade climbed 0.1 percent to 291.35 billion yuan, according to the administration.

zsdbv.cn

President hails Nepal’s participation in BRIing holds a w

China and Nepal should strengthen cooperation on infrastr

ucture construction and continue to promote the construction of the China-Nepal c

ross-border economic cooperation zone, President Xi Jinping said in Beijing on Monday.

Xi made the remark during his meeting with his Nepali counterpart, Bidhya Devi Bhandari, who is on a nine-day state visit to China.

China greatly values its ties with Nepal, and supports Nepal in maintaining its national independence, state sovereignty and te

rritorial integrity as well as exploring a path of development that suits its national conditions, Xi said.

Also, China appreciates Nepal’s firm and long-standing support over issues related to China’s core inte

rests and major concerns and its active participation in jointly building the Belt and Road, Xi s

aid. He added that China will continue to support Nepal’s economic and social development.

www.uoxkw.cn

Production and sales of these firms picked up in Mar

with the aggregated industrial value added expanding by 8.5 percent year-on-year, 3.2 percentage points

higher than that in the January-February period.

Operation revenue jumped by 13.7 percent year-on-year i

n March, 10.4 percentage points more than that in the January-February period.

Stabilizing prices served as another driver of the rebound, according to an NBS analy

sis. The producer prices rose 0.4 percent year-on-year in March, ending a decline for eight months in a row.

The purchasing prices for raw materials edged up 0.2 percent from a ye

ar ago, 0.1 percentage points higher than that in the January-February period.

Preliminary estimates showed that the price changes added 26.8 billion yuan to industrial profits in March, and the cont

ribution of price changes to industrial profit growth rose by 4.5 percentage points from that in the Ja

nuary-February period, said senior statistician Zhu Hong from the NBS’s Industrial Bureau.

qianpadaf.com

Provincial growth tops expectationsroducts at a mach

Figures show faster Q1 development, signaling a healthy start for industries

Most provinces in China achieved faster-than-expected growth in the first quarter of 2019, reflect

ing the resilience of the country’s sprawling industrial economy, the country’s top industry regulator said on Tuesday.

Huang Libin, a spokesman for the Ministry of Industry and Information Technology, said at a news conference that 22 p

rovinces’ industrial growth rates from January to March were higher than their targets for the whole year and driven

partly by central and local governments’ favorable policies to accelerate supply-side reform.

Industrial output in Zhejiang province grew 8.9 percent year-on-yea

r in the first quarter, compared with the 7.3 percent it recorded for all of 2018 and faster

than its 2019 target, Huang said, without specifying the province’s growth goal.

“We are in the critical stage of industrial upgrading and seeking high-quality development. The upb

eat readings will continue boosting market expectations and confidence,” he added.

shlfbe.com

Other revisions in the draft are made in light of new

progress of reforms and new developments of the capital market.

A draft amendment to the law was previously submitted to the top legislature for first reading

in April 2015, mainly to meet the legislative demand of reforming the IPO system toward a registration-based one.

The first draft also improved rules on developing a multi-layer capital market system, strengthen

ing investor protection, promoting securities industry innovations and enhancing regulation.

New revisions were submitted for a second reading in April 2017 to im

prove regulation on such areas as stock trading, acquisitions of listed firms, information disclo

sure and investor protection. The second draft also demanded the State Council to gradually advance the IPO sys

tem reform in accordance with authorization granted by the top legislature.

www.zzyosj.cn