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Xi, also general secretary of the CPC Central Committ

mittee and chairman of the Central Military Commission, laid a floral basket at a monument on Monday marking the departure of the Long March.

At a museum marking the start of the Long March, Xi spoke with nine representati

ves of descendants of Red Army soldiers and relatives of revolutionary martyrs.

The People’s Republic of China was founded at the cost of the blood of numerous revoluti

onary martyrs, Xi said, adding that the CPC and the Red Army, upholding lofty revolutionary id

eals, had brought about incredible achievements after repeatedly surviving desperate situations during the Long March.

Xi called for staying true to the revolutionary martyrs, the P

arty’s original aspiration and mission, its revolutionary ideals and principles, and the

people living near revolutionary sites. Xi’s inspection tour took place a week after the Political Bureau of the CPC

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It was in the European Parliament elections five years

ago that small numbers of nationalists and far-right politicians won seats, signaling the challenges since faced by ruling parties acr

oss the EU, said Cui Hongjian, director of the department for European studies at the China Institute of International Studies.

Mainstream European political groups have tried hard to curb their

rise and haven’t coped well with problems raised by the populist and far-right parties, Cui said.

Clemens von Goetze, Germany’s ambassador to China, said at a news conference

in Beijing on Saturday that he hopes mainstream political groups that support the integration of EU will win the elections.

He said, mainstream groups in Germany are working hard to tell voters the importance of the EU and encouraging those realize the value of EU integration to

cast their ballots this week. The turnout of voters was quite low in the 2014 European Parliament elections.

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The keynote speech delivered by President Xi Jinping is ver

Diversified, harmonious and inclusive civilizations should be highlighted and they are good for sustainable development.

The conference offers an open platform for us to understand each other, and dialogues will help reduce many misunderstandings.

Asian countries need to reach a consensus by exchanging and mutual learning during this conference, and ba

sed on their histories and philosophies, they can have their own ways, or Asian styles, to solve problems.

I was born in a lucky generation, not in times of conflict or in times of war. Sometimes m

y generation may take peace for granted. But if we see the history, we cannot take anything for granted.

So how do we continue the age of peace? We might not be talking about

war. We might be talking about environmental challenges or terrorism.

This is not an issue that one country faces. We have to sit together, put these issues on the table and hopefully come to a consensus.

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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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Rich Chinese parents also caught up in college admissions scandal

Paying millions of dollars to secure their children a spot at an elite college may

sound absurd to many parents, but some are willing to do this.

Nicole Shen, the Chinese mother of a high school student in Palo Alto, California, said she would be wi

lling to pay a pretty penny upfront to get her daughter admitted to a top-tier university if she could afford it. “As long as eve

rything is legal,” she added.Zhao, 52, was introduced to William “Rick” Singer, a college consultant in California and the mast

ermind behind the scandal, by Michael Wu, who worked as an adviser at the Los Angeles area branch of in

vestment bank Morgan Stanley, according to the Los Angeles Times. Wu has since been fired.

Two wealthy Chinese families have recently been in the spotlight and t

he subject of widespread discussion after media reports showed they paid huge am

ounts in a high-profile college admissions scandal. The sums they paid dwarfed the typical amount footed by US parents.

The highest-known payoff to date is the $6.5 million by billionaire Zhao Tao, president and co-founder of Shandong Buchang Pharmaceuticals Co.

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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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The regulation also called for stricter implementation

 of programs and compliance oversight to ensure that the required funds of investment programs are in place on time.

The approval mechanism for government-invested pro

grams will be further standardized, and major programs must go through procedures suc

h as evaluations by intermediary service institutions, the public and experts, as well as risk assessment.

Government investment funds must prioritize investments into areas where the market cannot effectively allocate res

ources, such social services, public infrastructure and environment protection, the regulation said.

It also calls for equal treatment of various

types of investment entities, adding that authorities should not set up biased conditions.

The premier said in his Government Work Report this year that Chi

na will pursue a proactive fiscal policy with greater intensity and enhance its performance.

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Wealthy pay millions to put kids in collegesailing

A college admissions cheating scheme in the United States has triggered widespread discussio

n among Chinese netizens during the four-day May Day holiday after it was reported that a w

ealthy family paid $6.5 million to assure their daughter’s admission to Stanford University.

Billionaire Zhao Tao, 52, president and co-founder of Shandong Buchang Pharmaceuticals, a company that spec

ializes in traditional Chinese medicine to fight cardiovascular disease, reportedly funneled money to William Ric

k Singer, the admissions consultant who is at the center of the explosive case brought by US federal prosecutors.

The executive’s daughter, Zhao Yusi, also known as Molly Zhao, got a spot at Stanford University by presenting h

erself as a recruit for the school’s sailing team. The price was $6.5 million, according to the Los Angeles Times.

Zhao’s mother, identified as Mrs Zhao in a statement delivered through her attor

ney, said the family gave $6.5 million to Singer for the school’s scholarship fund and other purposes.

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In the past couple of years, Dong Biyong, a mille

lennial enjoyed buying many Palace Museum souvenirs, gifts and other creative produ

cts. “I tried quite a few from makeup kits, lipstick, blush, to various creative gadgets. They are good so

uvenirs in combining the Palace Museum culture and history with their functions,” Dong said.

According to He Jianmin, a professor specializing in cultural tourism research at the Shanghai University of Finance and Econo

mics, said both the Palace Museum and Shanghai Disneyland have high reputation among visitors. Since both bo

ast intellectual property rights over their creative products, counterfeits are virtually unknown.

Shanghai Disneyland, a $5.5 billion theme park, received more than 11 milli

on visitors in its first year of operation (2016-17), and is “close” to the break-even point.

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