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 ministry also released several typical cases that we

n April 2018, Shanghai police arrested eight people from Shanlin (Shanghai) Financial In

formation Service Co, which was involved in illegal fundraising of more than 60 billion yuan.

The company, with a registered capital of 1.2 billion yuan, adopted a physical store and online ma

rketing to take public deposits. From October 2013, the company opened over 1,000 physical stores

across the nation and trained its employees to sell financial products through advertising and telemarketing wit

h the promise of high interest. In 2015, the company opened online financing platforms to raise money.

The company’s claimed investment projects were found to have no profit

ability, resulting in a huge capital gap that prevented it from repaying investors’ principal and interest. Last

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Pei was born in Guangzhou and raised in Hong Kong and

anghai, before moving to the US in 1935. He studied at the Massachusetts Institute of Technology and Harvard’s design s

chool, and spent the early years of his career designing buildings for a real estate developer in New York.

Pei is known for his affection towards precise geometry and design details. He also ha

d a strong reverence for light, as shown in the famous pyramid of the Louvre Museum.

His significant works include the Jacob K Javits Convention Center in Manhattan (1979 to 1986), the Morto

n H Meyerson Symphony Center in Dallas (1982 to 1989), the Bank of China Tower in Hong K

ong (1982 to 1989), and the Museum of Islamic Art in Doha, Qatar (2003 to 2008).

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ese civilization greatly promotes progress of human civilization

China’s paper-making, gunpowder, printing, compass, calendar, philosophy and people-oriented view have exerted profound i

nfluence in the world and greatly promoted the development process of human civilization.

Chinese civilization is an open system formed during constant exchanges and mutual learning with other civilizations.

In the future, China will surely embrace the world with a more open p

osture and contribute more dynamic civilization achievements to the world.

Confidence of civilization urged

Asia should enhance confidence of civilization.

We should keep exchanges and mutual learning with other civilization

s in the world, and strive to continue writing new brilliant chapters of Asian civilizations.

We should consolidate the cultural foundation of jointly building Asian com

munity of shared future and a community with a shared future for humanity.

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So far, more than 47,000 people have received skating and

skiing training and the number will continue to rise, with expectations of 70,000 enrolled by the end of this year, he added.

He also said Yanqing has built more ski runs over the last two years, based on seasonal features and site conditions.

Some important events and testing activities are expected to be he

ld in Yanqing – for example, the 14th National Winter Games Alpine skiing speed events in 2020.

Zheng, the deputy commissioner, said schools in Yanqing also created some outdoor ice rinks when winter weather cond

itions allowed, while in summer, manmade ice would be a good choice for campuses to open up skating practice.

Yanqing will put more effort into increasing the number of qua

lified winter sports instructors, improving school curriculum and hastening constr

uction of winter sports venues to add more flavor to the upcoming Winter Olympics in China, he said.

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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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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.

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China has exercised great restraint and goodwill in

trying to maintain stable relations with the US,” he said.

Li Haidong, a professor of US studies at China Foreign Affairs Universi

ty, said Washington has pushed a hard line in relations with Beijing in recent years.

“The Taiwan question is much more complicated and nonnegotiable,” Li said.

“If the US side continues to misinterpret the one-­China policy, it will irreparably damage Sino­-US ties,” he warned.

The US Senate will have to vote on the act before it can become law. The time of the vote is unknown.

“The consensus among US officials is to be tough on China, and room for rational option

s is rapidly shrinking as overconfidence and rash actions become the new norm,” he said.

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He called on both countries to fully carry out consen

nsuses that have been reached to make new progr

ess in their all-around partnership of friendship and cooperation.

China is willing to import more high-value-added Belgian produ

cts that cater to demand in the Chinese market, and Bel

gium is welcome to participate in the second China International Import Expo this year, Li said.

In the meantime, the world’s second-largest economy will work with Belgium to fully implement t

heir memorandum of understanding for third-party market cooperation to enhance their cooperation in Africa, the premier added.

Michel said Belgium has attached great importance to its relations with China and will d

eepen bilateral cooperation in trade, agriculture and shipbuilding. He said he hoped the Ch

ina-EU leaders’ meeting would be successful, safeguard multilateralism and promote trade.

In October, Li visited Belgium while attending the 12th Asia-Europe Meeting Summit.

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The Abuja–Kaduna Railway, as the first segment of the

 Lagos–Kano standard gauge project, the first standard gauge railway in Nigeria and West A

frica, was officially inaugurated and started commercial operation on July 26, 2016.

The railway, constructed by China Civil Engineering Construction Corporation, is the first overseas railway fully adopting the Chinese r

ailway standard. Spanning 186.5 kilometers, it alleviates traffic tension, improves the investment envir

onment and promotes the coordinated development of regional economy and society.

By Jan 11, the train service had delivered 1.23 million passengers and had safely operated for 900 days without any major accident recorded since its inception.

The China-funded Colombo Port City, the largest project between C

hina and Sri Lanka under the Belt and Road Initiative, completed land reclamation of 269 hectares in January.

In addition, hydro-structure construction will be completed by the middle

of this year. The port city’s municipal facilities construction is expected to be completed in J

uly 2020. At the same time, investment promotion of the city is also being carried out.

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