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上海龙凤

Fifty percent of the enterprises affected by those addition

nal tariffs are foreign funded. Many of them are US companies whose primary market is in the United States, Wang said.

The recent US moves “abruptly interfere with” the normal order of th

e global integrated circuit industry and undermine its stable development, he said.

China’s chip industry has grown on average 20 percent annually since

2012, with sales revenue reaching 653.2 billion yuan ($94.7 billion) in 2018, Wang said.

He conceded that there is a significant gap between China and global leaders in the overall design, manu

facturing, testing of the relevant equipment and raw material processing for integrated circuits.

The tariff hikes will bring troubles in China’s overseas manufacturing market, but they

will not lead to a decline in China’s manufacturing sector, Mei Xinyu, a researcher at the Chines

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Taiwan-based TSMC, the world’s biggest contract chipm

aker, said its shipments to Huawei have not been affected by the US

ban on the latter’s access to US components, Reuters reported on Thursday.

On Monday, the US Department of Commerce issued a 90-day

temporary license, effective until Aug 19, allowing “specific limited engagement in tra

nsactions involving the export, reexport, and transfer of items” to Huawei.

Some analysts said the US moves against Huawei will lead to strong support for the

unlisted Chinese firm as Huawei is working hard to offset the fallout of the restrictions.

Xiang Ligang, director-general of telecom industry association Information Consu

mption Alliance, said TSMC’s commitment to continue shipping products is of strate

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Man sentenced to death for murder of Shanghai schoolchildren

The man who stabbed and killed two 10-year-old students in Shanghai was senten

ced to death by the Shanghai No 1 Intermediate People’s Court on Thursday.

On the morning of June 28, 2018, Huang Yichuan, a native of Shaoyan

g city, Hunan province, killed two boys near the gate of the Shanghai World Foreign Lan

guage Primary School on Pubei Road in Xuhui district, Shanghai. He also injured another boy and a woman.

The court, which had heard the case on Dec 6, said on Thursday that Hua

ng, who was then 29, committed the crime as he was frustrated by problems at work. He t

raveled to Shanghai on June 6 and bought a kitchen knife at a supermarket on June 12.

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Fertility rates, meanwhile, remain astonishingly high in

n some countries, especially in Sub-Saharan Africa. In a few of the poorest-Niger, Mali and th

e Democratic Republic of Congo-the rate is 6-7 children per woman. The resulting flood of new ent

rants to the labor market is far outstripping the number of jobs available.

Empowering women key to meeting challenge

No known growth model can accommodate or keep up with this k

ind of demographic surge. Even sustained economic growth of around 7 percent per year

won’t be enough. And although fertility tends to decline as incomes rise, that does not happen immediately. Em

powering women, therefore, may be the most effective way of starting to address the challenge.

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He said it is key for scientists to communicate with gov

ernment officials to create better planning and new solutions, and more inte

rdisciplinary research into natural disasters and risk management is also helpful.

China is in the midst of implementing a host of reforms, which are focu

sed on opening up its economy to foreign competition and strengthening its private sec

tor. They are needed to upgrade its industries and avoid the dreaded middle-income trap.

Many of these reforms are exactly what the United States is asking for in the trade negotiations, but China

is actually pursuing these reforms primarily to achieve its own long-term internal economic goals.

One standard goal is to create a “level playin

g field” so that foreign companies can compete against domestic companies in each country.

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China has also recently announced a strengthened reg

gime of intellectual property rights protection. Again, this is what foreign negotiat

ors are seeking, but also is important for China’s own economy as it transitions to being a technology leader.

Trade agreements can affect the types of goods being traded and they can redirect trade toward one c

ountry, away from others. They cannot directly affect any country’s worldwide current account bal

ance. A country that saves less than it invests will have to borrow foreign funds to import foreign goods to make up that difference.

There are two ways to reduce the US trade deficit. A serious recession would reduce investme

nt, but nobody advocates that as a strategy. The only other path is to change the US financial and gov

ernment system to encourage increased savings. China has almost nothing to do with it.

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US soy farmers call for cool-down of trade tensions

US soy farmers have urged Washington to work for a positive solution to the current tarif

f dispute with the world’s top oilseed buyer China, and avoid further escalation of trade tensions.

In a statement released late Tuesday, the American Soybean Association (ASA) described the t

hreat by US President Donald Trump’s administration to increase the tariff rate from 10 percent to 25 p

ercent on $200 billion worth of Chinese goods as the “worst case” for US soybean growers.

“This is a predicament for soy growers,” said Davie Stephens, ASA president and a soybean farmer from Kentucky.

“With depressed (soybean) prices and unsold stocks fo

recast to double before the 2019 harvest begins in September, we nee

d the China market reopened to US soybean exports within weeks, not months or longer,” he added.

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Lan Fei, marketing center director for Guangzhou Wei

meizi Industrial Co in Guangdong province, said people in lower-tier cities have huge consumption power.

In 2016, the company’s oral care brand Saky reached customers in lower-tier cities for the first time. Mor

eover, the quality of oral care products in this market varies, so there is huge potential.

In addition to traditional sales channels such as supermarkets and stores, Saky was introduced to co

nsumers in lower-tier cities by livestreaming hosts on social media platforms. The hosts used en

tertaining methods to introduce oral care products and educate consumers about the correct way to use them.

“On Kuaishou, the host placed some sesame powder on a piece of c

orn, showing that Saky’s electric toothbrush could easily wash it away,” he said. “The host

also held a Saky electric toothbrush against a balloon (which did not burst) to demonstrate that its power could not damage teeth.”

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Li Qiang, director of the Shenzhou Institute’s postgradua

raduate department, said China has trained hundreds of foreign space engineers since the mid-1990s.

However, those training sessions were mostly occasional, often accompanied a satellite export deal, and were mainly focu

sed on ground-based control and applications of satellites rather than their design and production, the director said.

“However, in recent years, along with the expansion in our cooperation in the space indu

stry with other countries, many of our foreign partners voiced their hopes that we could hold some sort of syst

ematic training programs to help them create their own spacecraft designers and technicians,” he said.

Therefore, he said, “We decided to open a two-year postgraduate prog

ram and then sent the message to countries having space cooperation with China.”

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As the state was looking for innovative ways to tackle

 the Asian carp problem, Kentucky awarded Yu its first-ever fish house contract in fall last year. Under the deal, Yu’s Kentucky Fish

Center will buy Asian carp at a guaranteed price, with part of this coming from a government subsidy.

All fish at the center will be sold by auction to buyers in the US or overseas. S

ales will be overseen by the Kentucky Department of Fish and Wildlife Resources.

Kentucky provided a secured $734,000 fixed-assets loan to help the center begin oper

ating. Additional incentives will be awarded every year based on performance.

The center needs to reach certain goals: to remove 2.26 million kg of Asian

carp from Kentucky waters this year and increase that amount gradually to just ov

er 9 million kg annually by 2024. If those goals are met, the loan will be waived.

The entire program will cost Kentucky about $4 million.

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