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hina to remain steadfast protecting national security

hina welcomes the United States’ willingness to develop a stable mi

litary-to-military relationship, but will remain steadfast in safeguarding national sove

reignty and security, a senior Chinese military official said on Saturday in Singapore.

In a keynote speech at the annual Shangri-La Dialogue on Saturday morning, acting US

Defense Secretary Patrick Shanahan said that China and the US can still have a cooperative rela

tionship. Although competition does exist between the two countries, it does not always mean conflict, he added.

Shanahan also noted some “destabilizing activities” in Asia and emphasized the US’s milit

ary presence and commitment in the region. He called for more communication between the US and Chi

nese militaries to settle their differences and build a constructive relationship

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Fifty percent of the enterprises affected by those addition

nal tariffs are foreign funded. Many of them are US companies whose primary market is in the United States, Wang said.

The recent US moves “abruptly interfere with” the normal order of th

e global integrated circuit industry and undermine its stable development, he said.

China’s chip industry has grown on average 20 percent annually since

2012, with sales revenue reaching 653.2 billion yuan ($94.7 billion) in 2018, Wang said.

He conceded that there is a significant gap between China and global leaders in the overall design, manu

facturing, testing of the relevant equipment and raw material processing for integrated circuits.

The tariff hikes will bring troubles in China’s overseas manufacturing market, but they

will not lead to a decline in China’s manufacturing sector, Mei Xinyu, a researcher at the Chines

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Taiwan-based TSMC, the world’s biggest contract chipm

aker, said its shipments to Huawei have not been affected by the US

ban on the latter’s access to US components, Reuters reported on Thursday.

On Monday, the US Department of Commerce issued a 90-day

temporary license, effective until Aug 19, allowing “specific limited engagement in tra

nsactions involving the export, reexport, and transfer of items” to Huawei.

Some analysts said the US moves against Huawei will lead to strong support for the

unlisted Chinese firm as Huawei is working hard to offset the fallout of the restrictions.

Xiang Ligang, director-general of telecom industry association Information Consu

mption Alliance, said TSMC’s commitment to continue shipping products is of strate

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Data from the US Census Bureau showed that bilater

eral merchandise trade between the two

countries has declined by more

than 15 percent since September 2018, when the second round of tariffs went into effect.

“This has also impacted global value

chains in East Asia and other trading partners,” the report said.

“We’ve seen the trade tariffs that have

been introduced on both sides have already been damaging trade,” said Dawn Holl

and, chief of the Global Economic

Monitoring Branch in the UN Department of Economic and Social Affairs.

Holland said the adverse effects of trade tensions on economic growth in China “has been partly offset by some stimulus measures”.

According to the report, growth in China is projected to moderate gradually from 6.6 percent in 2018 to 6.3 percent in 2019, and 6.2 percent in 2020.

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Telecom carriers, chipmakers and smartphone vendors

s in China are ready to commercialize 5G. China will directly grant 5G licenses, instead of the previ

ous plan to give several key cities interim 5G licenses, to better time the rollout,” said a source clos

ed to the telecom industry regulator who asked to remain anonymous because public statements are not authorized.

Michael Gao Wenhao, deputy general manager of the 5G industrial products line at ZTE, disclosed at a 5G conference in

Hong Kong on Thursday that “China is likely to start commercial use of 5G nationwide on Oct 1”.

He told China Daily that he got the information from the country’s major telecom operators.

China said earlier that it was considering a pre-commercial launch of 5G this year, follo

wed by large-scale commercialization in 2020. Miao Wei, minister of industry an

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Its use of state power to throttle the development of a fore

foreign company not only jeopardizes fairness and justice in world trade, it

also poses a tangible threat to the security of 5G networks.

As Huawei said in a statement, “If the US restricts Huawei, it will not make the US safer, nor will

it make the US stronger. It will only force the US to use inferior and expensive alternative equipment.”

Inferior equipment that might be exploited by criminals and terrorists.

That the order is politically motivated rather than for security purposes can be seen from the fact that i

t is merely the latest in a series of moves by Washington targeting Huawei-one of which was particularly despicable.

It has also tried to rally its allies to its cause, most recently at a conference in Prague on May 2-3. But i

t has been unable to persuade them that it is not simply being malicious in pursuit of putting America first.

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Customs cooperation to take aim at IPR violationsnd inter

China will expand international cooperation in enforcing intellectu

al property rights to facilitate trade and create a favorable business environment for ente

rprises from China and overseas, a customs official said on Wednesday.

Cooperative customs mechanisms have been establ

ished in more than 130 countries and regions, with more than 190 agree

ments signed, including with major trade partners such as the United States, the European Union, Russia, Japan

and South Korea, said Jin Hai, deputy director for general affairs at the General Administration of Customs.

To more effectively fight crossborder violations of intellectual property rights, Chinese cust

oms will improve information sharing and exchanges of data with other countries and regions.

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Fertility rates, meanwhile, remain astonishingly high in

n some countries, especially in Sub-Saharan Africa. In a few of the poorest-Niger, Mali and th

e Democratic Republic of Congo-the rate is 6-7 children per woman. The resulting flood of new ent

rants to the labor market is far outstripping the number of jobs available.

Empowering women key to meeting challenge

No known growth model can accommodate or keep up with this k

ind of demographic surge. Even sustained economic growth of around 7 percent per year

won’t be enough. And although fertility tends to decline as incomes rise, that does not happen immediately. Em

powering women, therefore, may be the most effective way of starting to address the challenge.

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China has also recently announced a strengthened reg

gime of intellectual property rights protection. Again, this is what foreign negotiat

ors are seeking, but also is important for China’s own economy as it transitions to being a technology leader.

Trade agreements can affect the types of goods being traded and they can redirect trade toward one c

ountry, away from others. They cannot directly affect any country’s worldwide current account bal

ance. A country that saves less than it invests will have to borrow foreign funds to import foreign goods to make up that difference.

There are two ways to reduce the US trade deficit. A serious recession would reduce investme

nt, but nobody advocates that as a strategy. The only other path is to change the US financial and gov

ernment system to encourage increased savings. China has almost nothing to do with it.

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ide on camels on the Tengger Desert in Zhongwei in the Ning

Chinese bookings for domestic and overseas educational tours during the seasonal school vacation are on the rise, Yang Feiyue reports.

With two months to go before the summer vacation, parents have already gone out of their way to plan ahead for their children.

Since April, many have beaten a path to several brick-and-mortar shops in Beijin

g that are owned by the major domestic online travel agency, Ctrip, the company reports.

“The online views of our summer-vacation study tour products have increased by 120 percent in April as comp

ared with the previous month,” says Zhang Jie, general manager of Ctrip’s study-tour operations.

Zhang expects the number of young travelers who take educatio

nal trips to grow by more than 50 percent compared with the same period of last year.

At the moment, the United States, the United Kingdom, Australia, Japan and Canada are am

ong the most popular foreign destinations for those inquiring about study tours, while Beijing, Gansu prov

ince’s Dunhuang, Shanghai, Shaanxi province’s Xi’an and Jiangsu province’s Nanjing topped the domestic-destination list.

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