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he transformation and upgrading of existing industries

thanks to measures to stimulate innovation, optimize the business environmen

t and public services, and to strengthen opening-up and cooperation in the digital sector.

“China’s high-tech industries, represented by new technologies, new industr

ies, and new products, have maintained rapid growth in recent months,” she said.

According to the commission, output in the high-tech manufacturing sector rose 8.7 percent ye

ar-on-year from January to April, 2.5 percentage points higher than that of industrial output. High-tech ma

nufacturing output was responsible for 13.6 percent of industrial output, 1 percentage point higher year-on-year.

Output of the electronics and communication equipment manufact

uring sector, pharmaceutical manufacturing and aerospace and equipment manufacturing wer

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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.

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A possible measure to reduce the hidden debt wou

uld be to separate the government-owned assets from that of the companies and let the State-owned businesses run by thems

elves, said experts close to the matter. This is particularly so for some public and infrastructure construction proj

ects. But it also means that the local governments will not be undertaking the default risks.

Experts said the minister‘s viewpoint is a signal that the authori

ties are determined to solve the vexed debt issue with more details set to emerge later and star

t a national campaign for preventing systemic financial risks, amid rising external trade challenges.

Other measures could include selling part of the State-owned assets, rest

ructuring the State-owned enterprises, or reorganizing projects, said Liu.

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Food festivals offer visitors taste of Asiaonal Beijin

Various cultural activities, including art performances, parades and food festivals, are offering visitors a taste of the colorful cultures of Asian countries.

The events, part of Asian Civilization Week, are auxiliary activities of the Confere

nce on Dialogue of Asian Civilizations, which kicked off on Wednesday in Beijing.

The Asian Food Festival runs until Wednesday. It has received wide attention from the public, has its main venue b

etween Beijing National Stadium, commonly known as the Bird’s Nest, and the Beijing National Aquatics Center, or Water Cube.

Food-related activities are also being held in three other cities-Hangzh

ou, Chengdu and Guangzhou. Visitors can enjoy a pepper eating competition in Chengdu, or at

tend a food container exhibition in Hangzhou, Zhejiang province, according to event organizers

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attracting talents and capital. This in turn prompts the autho

rities to introduce more favorable policies and regulations for the enterprises bas

ed in the US, which is essentially a combination of representative democracy and market econ

omy. Under such circumstances, how can the US promote sustainable reindustrialization?

Besides, reindustrialization is not possible without rebuilding or strengthen

ing infrastructure facilities. And although the US leader has been claiming to implement a trillion-dollar infrastructure

plan-and even made it one of the pillars of his “Make America Great Again” campaign-not much has come of it.

Another major problem is that the return on equity in the infrastructure sector is a mere 3 percent w

hile that in the US capital market is about 12 percent. So how can the US attract more private cap

ital to the infrastructure sector without guaranteeing a return on equity equal to that in the capital market?

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Health authorities suggest meditation every dayakes part in

China’s health authorities are advising people to meditate for five

minutes a day with the recent launch of a health knowledge promotion project.

The project has been jointly initiated by the disease prevention and cont

ol and promotion centers under the National Hea

lth Commission, China Health Education Center and All-China Journalists Association.

They advise a “5125” healthy living concept, suggesting people meditate f

ive minutes every day, do physical exercise for one hour every day, master one sport, join

one exercise community, take in at least 12 types of food every day and 25 types of food every week.

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There is huge consumer demand for internet services in

 our country. We must encourage fair competition, and ensure that

our measures to lower internet service charges are fully delivered as they are an impo

rtant part of our efforts in improving people’s lives,” Premier Li said.Baisu Gulang, a 37-year-old horse hea

d fiddle maker, makes a horse head fiddle in Qian Golos Mongolian autonomous county of Songyuan, Nort

heast China’s Jilin province, May 15, 2019. Under his father’s influence, Baisu Gulang has an ardent love in making and playin

g horse head fiddle, a traditional musical instrument favored by Mongolian ethnic group. He started lear

ning to make horse head fiddle when he was 18 years old. In 2006, Baisu Gulang started a horse head fiddle maki

ng studio where he voluntarily teaches enthusiasts to make and play the instrument besides selling

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total of 12 cities reported month-on-month drops of reso

The Industrial and Commercial Bank of China (ICBC), China’s most valuable brand, topped Forbes’s

newly released annual ranking of the world’s top 2,000 largest public companies for the seven consecutive years.

The State-owned bank, which generated 298.7 billion yuan ($43.5 billion) in net profit last

year, has assets of more than $4 trillion and nearly half a million employees, according to Forbes.

Meanwhile, China Construction Bank, the Agricultural Bank of China and the Bank of China, renowned as the “Big Four” ba

nks in China along with ICBC, also joined the top 10, ranking at third, fourth and eighth places, respectively.

Ping An Insurance Group came in at seventh with a market capital of $220.2 billion, according to Forbes.

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Having read out Xi’s letter at the opening ceremony, Li H

ongzhong, secretary of the Tianjin Municipal Committee of the Communist Party of China, said Tianjin would embrace a new era of intelligence, create a new intelligen

ce-based economy, step up AI cooperation with other countries and speed up the building of an “intelligent Tianjin”.

Li said the city will intensify efforts to boost AI applications in fields of urban management, public services, transportation and logistics, healthcare and security.

Minister of Science and Technology Wang Zhigang said China

is drafting regulations and standards for regulating AI and will publish them soon.

Wang said more effort is needed to make breakthroughs in basic AI theories and core techn

ologies, expand the application fields of AI and further propel the deep integration of AI with various industries as p

art of a broader push to support the development of the real economy and improve people’s livelihoods.

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Harmonious co-existence of various civilizations called for

We should leave various civilizations in the world all in full blossom.

There would be no clash of civilizations as long as people are able to appreciate the beauty of them all.

Openness, inclusiveness, mutual learning among civilizations stressed

Exchanges and mutual learning among civilizations should be conducted in a reciprocal and equal ma

nner, and be diversified and multi-directional. They should not be compulsory or forced, or be a one-way flow.

Civilizations should keep pace with times

Innovation should be encouraged to give impetus and vitality to the progress of civilizations.

Asia tourism promotion plan proposed

China is willing to implement an Asia tourism promotion plan with other countries.

Chinese people made more than 160 million outbound trips in 2018 while inbound trips by overseas tourists exceeded 140 milli

on. They are important forces for promoting exchanges and mutual learning among Chinese and foreign civilizations.

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