ork with various parties to promote the denuclearizat

On Friday, State Councilor and Defense Minister General Wei Fenghe m

et with Shanahan and both sides agreed to deepen exchanges and cooperation, properl

y manage risks and allow military-to-military relations to become a stabilizing factor for bilateral ties.

President Xi Jinping called on Malaysia on Friday to align its de

velopment strategy with the Belt and Road Initiative to boost bilateral ties.

Xi made the remark during an exchange of congratulations with Malaysia’s King Sultan Abdull

ah Sultan Ahmad Shah on the 45th anniversary of the establishment of diplomatic ties between the two countries.

In his message, Xi said China and Malaysia are close neighbors and important cooperative partners.

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Since agricultural products account for a relatively smal

ll percentage of China’s total exports to the US, the tariff hike is expected to have a limited impact on its overall trade. But Chi

na’s export of textiles, chemicals, daily necessities and some other products will be affected. Yet the effect of the h

igher tariffs would be somewhat offset due to the ratio of foreign capital and value-added goods in China’s foreign trade.

In terms of product category, the tariffs are targeted at intermediate and capital goods. Intermediate prod

ucts, capital goods, and consumer goods account for 51 percent, 32 percent and 17 percent of t

he $250 billion of Chinese goods on which the US has imposed higher tariffs (the US had already slapped higher tari

ffs of $50 billion of Chinese goods last year). And since 29 percent of consumer goods, 39 percent of capital goods and 74 perce

nt of intermediate products face higher tariffs, intermediate products will be the most affected by the US tariffs.

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Academy of International Trade and Economic Coopera

The US no longer accounts for such a significant market share as

it did in the old days,” Mei said. “And the major market share is taken by the domestic mar

ket, Europe, Japan and other emerging overseas markets. The US move will gradually later affect its own market.”

Mei said the US ban on Chinese tech titan Huawei and rumored imposition of restrict

ions on Chinese surveillance giant Hikvision will not hamper the growth of China’s tech sector.

The US accounts for only a small part of Hikvision’s overseas ma

rkets, and Hikvision is not heavily reliant on US components for production, Mei said.

“Huawei’s chip arm HiSilicon has produced 70 percent of global surveillance chips. In past years, Ja

panese companies were Hikvision’s main chip suppliers, and now the major supplier is HiSilicon.” Mei added.

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Lu’s comment followed US Treasury Secretary Steven Mn

nuchin’s comments on Wednesday that he is hopeful that both countries can “go back to the table”.

Lu told a Foreign Ministry news briefing that China has reiterated that it

s door is always open, but negotiations must be meaningful and conducted with sincerity.

“A mutually beneficial deal must be based on mutual respect, equality and win-win outcomes,” he said.

The US, out of political purposes, has used its state power to groundlessly suppress Chinese te

ch firms, which has severely affected the global development and cooperation in science and technology, he said.

It has also damaged the interests of businesses of relevant countri

es and will not win the approval and support of the international society, he added.

“Apparently it will not help create a good atmosphere for the negotiations,” he said.

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emphasized that the company was committed to con

ontinuously working with customers as well as industry and governme

nt stakeholders to ensure its technology adheres to all of their requirements.

The US Department of Homeland Security issued an alert warning on Monday that Chinese-made drones may be se

nding sensitive flight data back to their manufacturers in China, where it can be accessed by the government there.

According to a report by CNN, the alert warns companies and organizations that the US gov

ernment has “strong concerns about any technology product that takes American data into the territory of an au

thoritarian state that permits its intelligence services to have unfettered access to that data.”

The report does not name any specific manufacturers, but nearly 80 percent of the

drones used in the US and Canada come from DJI, according to industry analysis.

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what their children are really good at-and when

To ease the anxiety of parents, especially moms, kids should be taught how to

be a good person, rather than just be good at cracking exams and earning good scores.

Parents should be happy if their children excel in their own chosen

fields, and teach them the importance of honesty, kindness and shared responsibilities.

These good traits will help the kids a lot in their future development.

Over-anxious parents, on the other hand, could prevent kids from excelling in even their own chosen fields.

Liu Xiuying, director of home education institute at China Youth and Children Research Center

The China Earthquake Administration pledged to enhance its earthquake detect

ion capability as it rolls out an experimental project in the country’s tremor-plagued southwestern region.

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True, the first quarter of 2019 yielded better-than-expe

ted results. But the higher rate of FAI growth was to a large extent driven by a strong increase in investment in real estate, which is l

ikely to weaken sooner or later owing to the government’s commitment to cooling China’s “real-esta

te fever”. And, given the trade frictions with the US, China’s export performance for the rest of 2019 is highly uncertain.

To compensate for declining investment in real estate and weakening exports, China must maintain reasonable growth in inf

rastructure investment. To that end, the government should pursue higher spending (taking advantage of a strong fis

cal position), supported by accommodative monetary policy (amid very low inflation).

Fiscal and monetary expansion may be out of fashion among China’s mainstream economists, who insist that struct

ural adjustment must be the priority. But it could go a long way toward bolstering China’s economic per

formance in 2019, without impeding structural reform. The challenge is to strike the right balance.

weishow.com.cn

As an important power promoting human develop

ment and progress, international communicators should further play up their special role in advancing unders

tanding, deepening friendship and expanding cooperation in the fast-changing world. They should push world pro

gress in the right historical direction while promoting exchanges among civilizations and mutual learning.

First, we should act as promoters of exchanges among human civilizations. The mutual depende

nce, exchanges and learning of different civilizations give shape to the abundant and colorful world tod

ay. As the UNESCO Universal Declaration on Cultural Diversity points out, cultural diversity “is the common herit

age of humanity”. The diversity of human civilizations is a basic characteristic of the world, as well as a sour

ce of the progress of humanity. In turbulent international situations, to maintain world peace, devel

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said that “all military units deployed in the eigh

The People’s Bank of China (PBOC), the central bank, has upgra

ded the fifth edition of the renminbi (RMB), the Chin

ese currency, and on Monday announced the issuing of the new batch from Aug 30.

The new issuance will include notes with a face value of 50 y

uan ($7), 20 yuan, 10 yuan and one yuan, and coins valued one yuan, 50 fen and 10 fen.

Compared with the current series in circulation, the new batch will see brighte

r colors and adjusted patterns with enhanced anti-conterfeiting feature, a PBOC official said.

The five-yuan note will not be in the upcoming issuance as new technologies on the note are still under testing. The 100-y

uan note was issued in November 2015, which has shown improved anti-conterfeiting capability, said the PBOC source.

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President hails Nepal’s participation in BRinping holds

China and Nepal should strengthen cooperation on infrastructure construction and continue to promote the constructi

on of the China-Nepal cross-border economic cooperation zone, President Xi Jinping said in Beijing on Monday.

Xi made the remark during his meeting with his Nepali co

unterpart, Bidhya Devi Bhandari, who is on a nine-day state visit to China.

China greatly values its ties with Nepal, and supports Nepal in mai

ntaining its national independence, state sovereignty and terr

itorial 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 C

hina’s core interests and major concerns and its active participation in jointly building th

e Belt and Road, Xi said. He added that China will continue to support Nepal’s economic and social development.

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