That is something we need in the moment of the 21st century,”

Solana hailed the development of relations between China and the Europea

n Union, saying they could work together to uphold the existing international system.

“I think cooperation between China and the European Union is very impor

tant. And fortunately, that relationship now is in a good direction,” said Solana, who se

rved as the EU’s high representative for common foreign and security policy between 1999 and 2009.

He expected China to play a bigger role in the upcoming Group of 20 summit in Osa

ka, Japan, saying that leaders of major powers should sit down and have productive talks.

He hailed the Belt and Road Initiative, and said it is a good platform for international cooperation.

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China has to walk a fine balance between local govern

nment debt management and stable economic growth, especially at a time when trade te

nsions with the United States have imposed more downward pressure, said economists.

More financial resources and investors will be involved in the debt resolution process, said Qiao Baoyun, head of the Acad

emy of Public Finance and Public Policy at the Central University of Finance and Economics.

The last round of local government debt swaps started in 2015 and ended in August 2018, w

hich saw 14.34 trillion yuan ($2.08 trillion) of local government debt being swapped into bonds.

Local governments are set to face more debt burden in the next three ye

ars, as many of the previously issued bonds are set to expire, income from land sales has

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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.

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ves us hope that China could become a global movie pow

powerhouse in the future, even though Chinese filmmakers have to hone their skills and g

ive life to attractive and meaningful stories on screen in order to compete with the world’s best.

Filmmakers should focus more on publicity

Li Guomin, adviser to China Film Association and Changchun Film Group Corporation

That China has produced some excellent films, including the Red Sorghum, Farewell My Concubine and The Wan

dering Earth, while allowing foreign films to be screened in the country demonstrates both its cultural inclu

siveness and independence, without which the Chinese movie market could not have become so vibrant.

In some sense, China has made more marked achievements in reforming and developi

ng its film industry than most other countries, including India that is known for its Bollywo

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No quick fix for decades-old Israeli-Palestinian enmity

Concern over the recent escalation of tensions between Palestinians and Israelis have been temporarily relieved after Palestin

ian leaders in Gaza agreed a cease-fire with Israel early on Monday. Right now, nothing is more important than u

pholding the cease-fire as the atmosphere between the two rivals has not been so combustible since 2014.

Since Friday, militant groups in Gaza have fired more than 600 rockets a

nd other projectiles at southern Israeli cities and villages, killing four Israeli civilians, wit

h Israel retaliating with air and artillery strikes, killing 27 people, including 14 civilians, in Gaza.

The latest border clashes, the most deadly since 2014, have occurred against the backdrop of the changing Middle East po

licy of the United States, which has seen the US drop any pretense of impartiality and make clear its support of Israel.

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Only toward the end of the last century, global econom

 integration-trade, investment and finance-began benefiting large emerging and developing econ

omies. To be sustainable, globalization cannot serve just a few wealthy advanced economies. It m

ust also serve poorer and faster-growing economies, which today account for most of the global growth.

So, by flirting with trade protectionism and punitive tariffs on imports, adva

nced economies are seeking to implement the wrong policies at the wrong time. As the adv

anced countries have fallen into secular stagnation, they desperately need growth. Therefore, the rise of poorer eco

nomies is not a win-lose game, because it benefits the advanced economies, too.

In the aftermath of the 2008 global financial crisis, all major advanced econom

ies would have faced another Great Depression without the support of large emerging economies, particularly Ch

ina. And the contribution of these countries to global GDP growth is expected to climb to 80 percent by 2050.

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Embrace exhibition through greener lifestyle at the

The Beijing International Horticultural Exhibition opened just two days before the May holiday, giving

the public a close-up view of state-of-the-art gardens created by horticulturists from around the world.

China hosted a similar exhibition in Kunming, Yunnan province, in 1

999. In the two decades since, the social and economic situations in China have unde

rgone tremendous changes. A growing awareness of environmental protection is one of them.

Two decades ago, the Chinese people embraced the Kunming horticu

ltural show as a novelty and curiosity because the countr

y at that time did not have many opportunities to host large international gatherings.

Economic development at the time was the top priority of the country,

which explains why the news media were so interested in reporting that 15 billion yu

an ($2.23 billion) in economic and trade deals were inked during the exhibition.

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We should extract the essence of Chinese traditional cult

ulture, which has contemporary value and relevance to the modern world, and show it. In this way we can on the one hand

tell the world how and why China is what it is, and on the other have Chinese and other civilizations create benefits for mankind.

It is hoped that the Conference on Dialogue of A

he measures that President Xi Jinping recently proposed to encourage foreign investment and further

opening-up in China are welcome developments that address the international community’s concerns, according to experts.

“The promises made are very positive, and all of them are helpful,” William Overholt, senior

research fellow at Harvard’s Kennedy School of Government, said of Xi’s keynote speech at t

he opening of the Second Belt and Road Forum for International Cooperation in Beijing.

Xi brought up a series of reform and opening-up measures, including expanding market access for foreign invest

ment in more areas and working harder to ensure the implementation of opening-up policies.

sian Civilizations will make fresh contributions to the construction of the community of shared future for mankind.

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Chris Rowley, a visiting professor from Oxford Unive

rsity’s Kellogg College in England, called opening to more foreign investment a very important development.

“Of course this will expose both inward investors and indigenous organiza

tions to some stark differences in management and doing business between them, which in tu

rn requires more globally effective leaders who are less ethnocentric and more culturally aware,” he said.

Sikhumbuzo Zondi, a research assistant at the Institute for Global

Dialogue associated with the University of South Africa, said another important aspect of Xi’s

opening address was the desire to invest more resources in scientific innovation and technology.

The aim is to develop technologies and business models that will foster new growth an

d development. To do this, China is committed to spearheading the Belt and Road Science, Technology and In

novation Cooperation Action Plan to advance information and communications technology infras

tructure development with the aim of improving internet connectivity and security, Zondi said.

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