Already, opposition t上海会所gton-triggered tra

 war is intensifying within the US. For example, the US Chamber of Commerce – one of the country’s most powerful bu

上海会所siness lobbies – has called for the reversal of all tariffs imposed over the past two years.

The effects of the trade war have already spread to cross-border investment

. In recent years, rising Chinese production costs have driven many foreign enterp上海会所女神会所

rises – and, increasingly, even Chinese enterprises – to relocate their operations to lower-cost countries such as

Vietnam and Thailand. The trade war is accelerating this process. According to the Vietnamese government, inward for

上海会所eign direct investment increased by nearly 70 percent year-on-year in the first five months of 2019, the highest such i

ncrease since 2015. Meanwhile, the growth of US investment in China is slowing.上海会所女神会所

Essential to improve investment environment

上海会所The US administration wants American companies to leave China. It is u

p to China to persuade them to stay. That means improving the local investment envi

ronment, including responding to foreign companies’ justifiable complaints – say, by strengthening intellectual p上海会所

roperty rights protection – and, more broadly, better adhering to World Trade Organization rules.

But the pressure on China does not end there. The US is also eager to exclude the count

上海会所女神会所ry’s high-tech companies from global value chains. Trump recently announced that he would allow US co

mpanies to continue to sell to Chinese high-tech giant Huawei, after a months-long campaign against the company. But it r

emains highly unlikely that the US administration – which reversed a similarly aggressive policy toward sm

artphone company ZTE last year – will abandon its efforts to strangle China’s high-tech industries.上海会所女神会所

China has three options. First, it could accede to US pressure to disengage from global value chains. Second, it could remain

committed to integration, hoping that, thanks to existing interconnections, sanctions on Chinese high-tech com上海会所

panies will also hurt their US counterparts (such as Qualcomm) enough for the US administration to back d

上海会所女神会所own. The third option is to focus on supporting domestic high-tech companies’ effo

rts to strengthen their own positions within global value chains and develop contingency plans.

www.ashchc.com

ing addresses the 1上海会所女神会所 Council of Heads of

President calls 上海会所女神会所on members to support regional links to Belt and Road Initiative

Members of the Shanghai Cooperation Organization should follow the trend of economic globalization and

build the SCO into a community with a shared future, President Xi Jinping said on Friday.

Xi made the remark while delivering a speech at the 19th

meeting of the Council of Heads of State of the SCO in Bishkek, Kyrgyzstan’s capital.

SCO members should promote the multilateral trading system, buil

d an open global economy and put forward more policies to facilitate trade and investment, he said.

Xi proposed making full use of cooperation platforms such as the China Intern

ational Import Expo to promote the openness, exchanges and integration of regional economies.

www.fangzhenjiang.cn

The country’s GDP grew by 6.4 percent in the first quar

uarter, which represented the 14th consecutive quarter in the 6.4 percent to 6.8 percent range.

The country added 4.59 million urban jobs in the first four months, with total imports and expo

rts up by 4.3 percent year-on-year and its foreign exchange reserves remaining above $3 trillion.

Xi said there will be ample factors to reinfo

rce the steady, healthy and sustainable growth of the Chinese economy.

The president called the country’s large pool of resources a primary factor. C

hina has a population of nearly 1.4 billion, a 900-million-strong workforce, the w

orld’s largest middle-income population and over 100 million market entities.

uozyxg.cn

After being sworn in for the second time as India’s prim

me minister on Thursday, Modi is likely to have his first “structured” talks with President Xi Jin

ping on the sidelines of the Shanghai Cooperation Organization summit in Bishkek, capital of Kyrgyzstan, in June.

China has been viewed in India as far more positively inclined to engage with Modi during

his second term in office. Even before the full results of the recent elections were declared, the Chinese media

welcomed Modi’s return to office. In the midst of India’s exhausting six-week-long elections, Beijing’s diplomatic an

d strategic moves helped Modi assert his anti-terrorism policy and reinforced memories of the informal summit in Wu

han, Hubei province, in April last year, which showcased the personal chemistry of the two Asian leaders.

uoxkw.cn

So far EU ministers have only agreed a modest mandat

 to discuss reductions in tariffs in industrial goods and to seek agreement on conformity assessments. EU Trade Commissioner Cecilia Malmstrom is opp

osed to any quota agreement on cars and has lambasted the national security excuse put forward by the White House.

The most prominent supporter of free trade is the center-right European People’s Party which lost sea

ts largely to right-wing parties opposed to free trade, and to the Greens which want tougher conditions attached to trade deals.

The center-left Socialists are also broadly in support of free trade but lo

st seats, while the pro-trade Liberals (the Alliance of Liberals and Democrats for Europe) gai

ned seats. But the Liberals are now aligned with French President Emmanuel Macron’s En Ma

www.gzbbaf.com

Sichuan-Tibet Railway to see high-speed trains at 200 kmh

he Sichuan-Tibet Railway, the second railway line linking the Tibet autonomous region to other parts of China, will opera

te high-speed trains with a designed running speed of 200 kilometers per hour, thecover.cn reported.

China Railway Eryuan Engineering Group Co Ltd, which is designing the line, revealed a draft plan on Wednesday that tra

ins on the whole Sichuan-Tibet line will travel with a designated speed of 200 km/h, with some segments limited to 160 km/h.

The 1,600-kilometer-long line under construction is designed to start from Chengdu, pass through Ya’an and Kan

gding, then enter Tibet via Qamdo and end at Lhasa. The 140-kilometer Chengdu-Ya’an high-speed railway, whic

h serves part of the Sichuan-Tibet Railway, started operation last year with a maximum speed of 200 km/h.

www.funhorsy.com

While early-stage Uber investors such as Benchmark, Men

 Ventures, First Round Capital and Lowercase Capital made a killing in the IPO, some late-stage backers did not fare as well.

Japan’s SoftBank Group Corp <9984.T >, for example, invested in Uber in early 2018 at $48.

77 per share. It also bought shares at a much lower price in a large secondary transaction.

To be sure, other IPOs have traded well so far in 2019, including online scrapbook company Pinterest Inc, vegan burger

maker Beyond Meat Inc and video-conferencing startup Zoom Video Communications Inc. But these were mu

ch smaller startups than Uber that did not execute as many frothy fundraising rounds.

Uber Chief Executive Dara Khosrowshahi, who was on the NYSE trading floor to mark the debut, tried to cal

m investors by pointing to the company’s growth prospects and expansion plans.

www.zhongqianxue.cn

The 20-year-old said she first learned about the history

The volunteer team-led by Wu Liangliang, a security guard who has gained online fame for his fluent self-taught En

glish-has also been part of the site’s efforts to provide a more personal management style, in addition to the city go

vernment’s introduction of various measures, including a mobile app, to help tourists.

Larry Goodrich, from Seattle, who has been traveling with his wife

in the Yangtze River Delta for three weeks, lauded the volunteers’ contributions.

Having worked in the computer industry since “the era of brick-si

zed cellphones”, the 65-year-old said that while technology has provided unimaginable con

venience, traveling is about being a part of the destination and interacting with local residents.

“The human connection is always better,” said Goodrich.

swicbt.cn

China’s pledges included shortening its negative lis

 for foreign investments, opening up more sectors to foreign busines

ses, guaranteeing fair competition and planning new free-trade zones and ports.

Sourabh Gupta, resident senior fellow at the Washington-based Institute for China-American Studies, specifically praise

d the new Foreign Investment Law-passed in March by China’s national legislature and effective in 2020-which he s

aid is “a farsighted piece of legislation” that “will firmly usher in a new round of reform and opening-up”.

“Strong measures to deal with political, regulatory and administr

ative noncompliance are envisaged. A robust working mechanism to promptly address fo

reign businesses’ complaints is also envisaged,” said Gupta, who believes the prov

isions are a big step in assuring foreign businesses that the playing field is leveled in China.

www.ypwhl.cn

Relevant government departments have begun inves

igations into the source of the vaccines to find out whether they were fake vaccines or smuggled in from overseas.

The HPV 9-valent vaccine, only officially available at Boao Super Hospital in the Boao Lech

eng International Medical Tourism Pilot Zone in Hainan since May last year, was developed for women bet

ween the ages of 16 and 26 to deal with diseases like cervical cancer caused by nine types of HPV.

The Boao pilot zone is the first place on the Chinese mainlan

d allowed to import HPV 9-valent vaccines and other drugs without ne

eding central government permission, in line with the nine preferential polices granted to it by the Stat

e in 2013, such as special permissions in importing medical technology, medical equipment and medicine.

ax132.cn