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.

chenbobupin.cn

urged to avoid more damage to China tiesonly

Beijing urged Washington on Saturday “not to go too far” in harming China’s interest

s, and called for it to change course to avoid further damaging bilateral ties.

China firmly opposes the United States’ recent remarks and actions that harmed China’s interests, in

cluding its resorting to political means to suppress normal operations of Chinese companies, State Coun

cilor and Foreign Minister Wang Yi said in a phone call with US Secretary of State Mike Pompeo.

History and reality show that China and the US both benefit f

rom cooperating with each other, while both suffer from bilate

ral conflicts, and cooperation is the only proper choice for the two major countries, Wang said.

www.sh419qq.com

The US administration’s more often than not conflicti

conflicting goals have resulted in the trade conflicts with China an

d other countries. For instance, China’s exports to the US grew 11.3 percent

and its trade surplus with the US increased to $323 billion in 2018, up 17.3 percent year-on-year.

Moreover, Washington has forbidden US companies to sell chips to ZTE, a Chinese multinational telecommunications equip

ment and systems company, even after imposing huge fines on the company. By so doing, the US has act

ually encouraged China to increase investment in its high-tech sector. So, even if China and the US

were to strike a deal, China would be prompted to import lower volumes of energy and agricultural products from the US.

shlfas.com

Huawei has more than 13,000 component and service su

uppliers worldwide. In November, it unveiled a list of its 92 core suppliers for the first ti

me. Thirty-three of them are from the US, including chip giants Qualcomm Inc and Intel Corp.

Wang Yanhui, secretary-general of the Mobile China Alliance, said, “Huawei has also been pre

paring for such a situation for some time and has hoarded chips to handle a worst-case scenario.”

The company became the world’s third-largest buyer of semiconductors last year.

China will definitely safeguard the legitimate rights and interests of its businesses, and Trump’s executive order is n

ot a “constructive and friendly” gesture, Foreign Ministry spokesman Lu Kang said on Thursday.

shanghaijiaoche.cn

With its key role in the national economy, the integrated dev

velopment of the region could play a vital part in leading regional growth, the statement said.

It noted that the elevation of the integrated development of the Yangtze River Delta t

o the status of a national strategy is a major decision adopted by the CPC Central Committee.

Authorities in the four provincial areas must enhance their awareness

of integrated development and boost their interaction and cooperation, it added.

The meeting also decided to start a thematic education campaign of Party member

s on the subject of remaining true to the Party’s original aspirations and keeping their mission firmly in mind.

It called for struggles against all problems that affect the Party’s purity and ad

vanced nature, and for efforts to make the Party even stronger, the statement said.

www.nanj419sn.com

One standard goal is to create a “level playing field” so

 that foreign companies can compete against domestic companies in each country.

In the past several months, China has announced and started to implement a “negative list” program

that allows foreign companies to have 100 percent ownership in investments in all areas of the ec

onomy, except for a small number of areas, such as telecoms and defense, that are explicitly prohibited.

Also, foreign investment has been simplified by creating a

one-stop regulatory shop and a single application process.

These new policies will lead to greater competition within China, forcing Chi

na’s companies to become more efficient and to produce higher quality products.

The Chinese government has also recently announced tax cuts and financial regulation

s designed to help private companies. This will hasten the ongoing transition to a market-driven economy.

www.gzbbac.com

There is some merit to raising capital,” said Chief Exec

cutive Elon Musk on a call discussing the results. “It’s probably about the right time.”

He also said he would prefer Tesla to be private but “that ship has sailed.”

The company which is ramping up production of its Model 3 electric sedan, the vehicle Tesla sees as the key to future succ

ess, stood by its 2019 delivery forecast of 360,000 to 400,000 vehicles and said it may produce as many as 50

0,000 vehicles if its factory in Shanghai reaches volume production in the fourth quarter.

Tesla said it would make a loss in its second quarter but predicted a return to profit in the third.

Musk said that global deliveries were “the most difficult logistics problem” he had ever seen.

Haris Anwar, senior analyst a financial markets platform Investing.com, called guida

nce for the second quarter “bleak”. “I continue to see a very volatile 2019 for Tesla and its shares,” Anwar said.

www.shlf168.cn

hina’s smartphone shipments down 4.1% in March

China’s smartphone shipments fell 4.1 percent year on year in March to 26.94 million units, dat

a from the China Academy of Information and Communications Technology (CAICT) showed.

Last month, smartphones made up 94.9 percent of all mobile phone shipments in the country, ac

cording to a report from the CAICT, a research institute under the Ministry of Industry and Information Technology.

Despite the mobile phone market shrinking, the drop has been moderated, said the report.

Overall mobile phone shipments went down 6 percent in March, narrowing from the 1

.9-percent slump in February to 28.37 million units, among which 95.1 percent were 4G phones.

Chinese-brand mobile phones accounted for 90.5 percent of total shi

pments last month, up from 90.3 percent in February 2019, according to the report.

www.gzbbcn.com

China’s forex reserves continue to grow in March

China’s foreign exchange reserves rose to $3.0988 trillion by the end of March, official data showed Sunday.

The amount increased by $8.6 billion, or 0.3 percent from the end of February, according to the State Administration of Foreign Exchange.

China’s peer-to-peer (P2P) lending industry will continue to shrink and cons

olidate due to tighter regulation and weak investor sentiment, Fitch Ratings said in a report.

The number of P2P investors and platforms declined steeply last year after regulators tightened supervision, and Fitch exp

ect more platforms to close or consolidate this year as reforms continue to take effect, leading to a smaller, less fragmented market.

Stronger regulation of P2P companies will be positive over the lo

nger term for a sector that has yet to be tested through economic cycles, the report said.

New regulations will also require many platforms to reduce their

reliance on retail investors, leading to a shift toward wholesale or institutional funding sources.

Lenders with more robust business models, established risk-management capabil

ities and more stable access to funding are likely to gain market share, according to Fitch.

qhftvb.com

The gaokao has its faults, but at least it judges all stud

“However, independent enrollment has evolved into a situation where rich people find ways to get their children extra

points. Third-party organizations should be involved in the process to make it fairer and more transparent,” he said.

Xiong Bingqi, vice-president of the 21st Century Education Research Institute, said the goal of independent college adm

ission is to establish a system of multiple evaluations, instead of judging students by test scores alone.

However, students who qualify for independent enrollment also must take the gaokao, and their scores in the exam rem

in an important basis for admission, Xiong said. So students and their parents are still focused on the scores.

Moreover, the pilot program has failed to help establish a two-way a

dmission mechanism between colleges and students. Independent enrollment refo

rm has increased the right of colleges to choose students, but students still have limited ability to seek admission to the coll

ege of their choice, as one student normally gets a call for admission from just one institution, he said.

www.ash777.cn