A great debate set over tariffs, technologyhorwom

Two television anchorwomen — one from China and one from the US — will debate

two sides of the long-running trade dispute between the two countries.

Liu Xin, a mainstay of the China Global

Television Network, and Trish Regan, a former CNBC busi

ness correspondent who now hosts her

own show on the Fox Business Network, will have at it over i

ssues such as tariffs and technology

Wednesday at 8 pm EDT in the US and simultaneously at 8 am Thursday in China.

The discourse will take place via satellite, as Liu will be in CGTN’s studio in Beijing, while Regan will be at Fox’s studio in New York.

The debate idea came about after the two newswomen clashed earlier this month after Regan said Beijing stole “$600 bill

on worth of intellectual property a year”, leading to the Trump administration tariffs.

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The world’s second-largest economy maintained its fore

eign exchange reserves at $3.095 trillion at the end of April. The reserve amount was stable, altho

ugh it slightly retreated from $3.098 trillion at the end of March, according to the State Administration of Foreign Exchange.

Li Yang, director of the National Institution for Finance and Development of the Chinese Academy

of Social Sciences, said that China is unlikely to sacrifice foreign exchange reserves to de

fend its currency, even if depreciation pressure rises amid any escalation in trade tension.

In May, the offshore RMB exchange rate against the US dollar dropped more than 3 percen

t under market pressure as global investors worried about the escalation of trade friction.

Guo Shuqing, Party secretary of the People’s Bank of China, the central bank, said on Monday that higher US tariffs on Chin

a’s imports triggered financial market volatility, and this also affected the offshore RMB.

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Liu told Regan that China has made its position very cl

lear that if the US treats the Chinese negotiating team with respect and shows the willingness to talk wit

hout using outside pressure, there is a high possibility that there could be a productive trade deal.

“Otherwise, I think we might be facing a prolonged period of problems for both sides,” she said.

Regan, at the close of their 15-minute talk, said again, “No one wan

ts trade wars. But we have to think long hard about the right next steps.”

Liu, however, did counter an assertion by Regan that China’s government controls its entire economy.

“Everybody thinks that China’s economy is state-owned, state-controlled, every

thing is state, state, state. Let me tell you that is not the true picture,” Liu said. “We are a

ax147.cn

Issoufou congratulated Xi on the 70th anniversary of the f

 founding of the People’s Republic of China and the great achievements that Chinese people have made under

the leadership of the Communist Party of China. Noting that China’s development has made important contributions to m

ankind, Issoufou said that China’s inclusive economic growth has lifted a huge number of people out of poverty.

Niger supports the goal of building a community with a shared future for mankind, and the BR

I put forward by Xi will bring benefits for the whole world, he said, adding that Niger would like to pro

actively participate in the Belt and Road. While meeting with Issoufou on Tuesday, Premier Li Keqiang said that Chi

na would like to offer a hand to Niger for the country’s economic development and the improvement of people’s lives.

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The Sino-US trade tensions have had a limited impact

mpact on China’s financial markets and the effects will be “even smaller” in the future, Guo said.

Yi Huiman, chairman of the CSRC, also pledged earlier in May to continuously enhance the quality of listed firms as part of s

upply-side reforms in the financial sector to promote the high-quality development of the real economy.

The National Development and Reform Commission, China’s top economic planner, said on

Tuesday that the country is willing to continue supplying rare-earth metals to world markets but is oppo

sed to those who use products made with such rare earths to “suppress and dampen China’s development”.

It also said that the industries of China and the United States are highly compleme

ntary. Cooperation will benefit both countries while confrontation will only undermine their interests, it said.

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Xi calls for bolstering reform and developmentforts to p

Xi Jinping, general secretary of the Communist Party of China Central Committee, called

on Wednesday for further efforts to prevent and eliminate major problems in the nation’s reform and

development against the backdrop that uncertainties and instabilities are on the rise.

Xi, also Chinese president and chairman of the Central Military Commission, made the remarks while presiding over a key meeting

of the Central Committee for Deepening Overall Reform. He is the director of the committee.

Saying China is facing profound changes in its reform and development against the backdro

p of increasing external uncertain and unstable factors, Xi said the country must maintain a strategic focus.

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Global games market value increased to $134.9 billion

in 2018, up 10.9 percent year-on-year with mobile games accounting for 47 percent of the total at $63.2 billion, up 12.8 per

cent year-on-year, gamesindustry.biz reported citing statistics from market analysts Newzoo.

China’s actual sales revenue of gaming industry rose 5.3 percent year-on-year to 214.44 billion yuan ($31.11 billion) last year, accounti

ng for 23.6 percent of the global gaming market, Financial Times reported, adding that social respo

nsibility should be an important part of gaming industry development.With the approach of full com

mercial use of 5G, local governments in China have intensively introduced their plans on 5G development recently, as r

egions like the Pearl River Delta region, Yangtze River Delta region and Beijing-Tianjin-Hebei region are gearing up t

o cultivate industrial clusters valued at trillions of yuan, according to a report by Economic Information Daily.

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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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If they were with a strong and experienced team they

would have likely been fine, but with minimal support, once something goes wrong it’s tough to get back on course,” Madison told Reuters.

Mount Everest can also be climbed from Tibet and casualties have been reported from there this season too.

 China overwhelmed Japan 3-0 to win the record 11th title of the Sudirman Cup here Sunday afternoon.

Li Junhui and Liu Yuchen, the World Championships 2018 winners, awarded China th

e opening point in the men,s doubles by beating Hiroyuki Endo and Yuta Watanabe 21-18, 21-10 in 54 minutes.

Then, the 3rd-ranked Chen Yufei rallied from one game down to turn the t

ide for the hosts, winning the women’s singles 17-21, 21-16 and 21-17 in one hour and 21 m

inutes against 4th-ranked Akane Yamaguchi who took the last six points in a row to take the first game.

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By late April, China had been hit by 129 African swine

 fever outbreaks, affecting all 31 provinces, municipalities and autonomous regions on the mainland, since the country’s first reported outbr

eak in Shenyang, Liaoning province, in August, according to the Ministry of Agriculture and Rural Affairs.

This resulted in more than 1 million pigs being slaughtered to prevent and control the disease, which is deadly to pigs but does no

t affect people. The ministry has called for intensified research and development to expedite the availability of va

ccines for disease prevention and control, but admitted difficulties due to the complex nature of the virus.

China is the world’s largest producer and consumer of pork, with an annual produc

tion of 700 million pigs. Pork accounts for 62 percent of meat consumption in China, and su

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