Comments Off on ery likely so. Only things may not go the way Wash
If they wanted a replay of what happened to ZTE, a Chinese company which relies heavily on outsider
technologies, they may never see it. Because Huawei is a dramatically different kind of business.
The Plan B Huawei has just revealed — a series of self-developed chips — is only part of what makes it an enterprise of strategic insight, and hence resilience. Over
time, that insight has rewarded it with a viable biosphere that its founder Ren Zhengfei believes will enable it to weat
her the storm. “Our growth may drop a bit in the wake of US restrictions, but negative growth is impossible,” said a confident Ren during a Tuesday inter
view with Chinese media, adding that Huawei has cultivated longstanding trust with industry partners.
That may be why, even after Google barred Huawei from some Android featur
es, Ren spoke highly of the Silicon Valley giant, praising it as a “good company”. That may
Comments Off on If those in Washington wonder why their European allies
re reluctant to answer their calls for excluding Huawei from their 5G networks, Ren had an answer: “For every base station
site, Huawei can save the Europeans 10,000 euros ($11,192). Instead of following the US, they have communicated with us closely”.
Huawei is not ZTE. And is unlikely to become the kind of vulnera
ble hostage the latter has been. The US tactic will not work second time around.ice-Premier Han Z
heng, who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China Ce
ntral Committee, meets with representatives of the Hong Kong Federation of Fujian Associations on Tuesday in
Vice-Premier Han Zheng said the central government supports the amendments to Hong Kong’
s extradition law proposed by the government of the special administrative region.
Han made the remark while meeting on Tuesday with more than
100 representatives from the Hong Kong Federation of Fujian Associations in Beijing.
Comments Off on Hong Kong has agreements on extradition arrangem
angements with 20 jurisdictions. The Chinese mainland, Macao and Taiwan are not among them.
The revision was triggered by a murder case in which a Hong Kong ma
n, Chan Tong-kai, allegedly killed his pregnant girlfriend in Taiwan and then fled back to the c
ty. The Taiwan authorities are unable to prosecute him as the two sides have no fugitive transfer arrangements.
During the meeting, Han also hailed the contribution of the Hong Kong Federation of Fujian Associations in pro
moting exchanges and cooperation between Hong Kong and the mainland, as well as its efforts in maintaining Hong Kong’s
prosperity and stability. He hoped that the organization can continue to firmly safeguard national sovereignty.
Comments Off on 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.
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.
Comments Off on llover effects on the developing economies, particularly tho
with high export exposure to the impacted economies
. A more protracted period of weak international trade activity could also harm investment pr
ospects and adversely affect productivity growth in the medium term.”
The report indicated that the entire global economy is experiencing a broad-based growth slowdown amid unresolved tra
de tensions, high international policy uncertainty and softening business confidence.
The forecast for weaker global growth casts a shadow over efforts to im
plement the UN’s 2030 Agenda for Sustainable Development, which has set universal go
als for eliminating poverty, promoting prosperity and social well-being while protecting the environment.
Comments Off on My grandfather once told my father that we are descendan
According to locals like Ahmat, the Lop Nur people fished for food in the area famous for the
vast Lop Nur lake, where historically the Tarim River ended. The lake dried up not long after the water in the
river had gone. As such, many fishermen packed away their rods and instead pursued herding and farming.
“When I was a child, I never ate fish. Nor did I ever see my grandfather or father go fishing,” says Ahmat.
When the ‘black storms’ struck, I could see nothing, and the shee
p couldn’t find their way home,” he recalled of the sandstorms in the old days.
“Nothing could be seen when a black storm hit, and nothing was left after the sto
rm,” says Wang Jianben, 74, who lives on a farm some 100 km away from Ahmat’s village.
“Most of the crops would be blown away, and the farmers had to replant the crops three to four times in a single spring.”
Comments Off on Ren said the current difficulties can spur China to devel
lop the electronics industry in a down-to-earth manner. Pouring in money is not enough to develop the s
emiconductor industry. Instead, talent, including mathematicians and physicists, is needed to grow the chip sector.
“Global talent is also needed. It is very difficult to rely solely on China’s independ
ent innovation to succeed. Why can’t we embrace the world and rely on global innovation?” Ren added.
Don’t fan nationalist sentiment,” Ren also warned. Currently, the attitudes toward Hua
wei are divided into two groups. One represents the genuine patriots who support Huawei, while the o
ther believes that Huawei has kidnapped the patriotic feelings of the entire society.
“We should stop others from shouting empty slogans and inciting nationalist sentiment,” Ren said.
Comments Off on A recent report by the Beijing Municipal Education
Commission said that more than 231,000 college students graduated from universities in
Beijing last year, but 37.5 percent of employed graduates chose to work outside the capital.
A female college student surnamed Zhang said that she chose to w
ork in Wuhan, Hubei province, after graduating from Tsinghua University in June, 2018.
“The biggest reason driving me away from Beijing was the living cost,” she said. “Tho
ugh I can earn 8,000 ($1,160) or even 10,000 yuan a month in Beijing, the rent may cost me 3,000 yuan or more ea
ch month, let alone other expenses such as meals, transportation and getting together with friends.”
In contrast, some so-called new first-tier cities like Chengdu, Sichua
n province; Hangzhou, Zhejiang province; and Wuhan have sprung up as new at
tractions to college graduates for their cheaper living costs and preferential policies to newcomers.
Comments Off on hina’s ‘big three’ State-run airlines ask Boeing for compen
Comments Off on it its lowest level since November. Trade talks betw
ween China and the United States recently faltered and a large amount of additional tariffs are expected to be imposed on imports from both sides.
China will take necessary measures, in response to foreign exchange market flu
ctuations, including using a strengthened risk management system, said Pan.
He also stressed that authorities would crack down on illegal activities in foreign exchange trading.
“China has sufficient policy tools,” said Pan, who is also director of th
e State Administration of Foreign Exchange, the country’s foreign exchange regulator.
The PBOC vice-governor also confirmed on Sunday that China will continually implement
opening-up policies and improve the environment for overseas investors and protect the legal rights of foreign investors.