He said it does no one any favors to delink over poss

ssible national security concerns. Fair engagement across technologies is a better way to secure national security than delinking.

“The cost of decoupling will be very high for both economies,” he said. “Engage

ment in a fair competition with common rules is a far better outcome than decoupling.”

If there has to be some “decoupling” due to “valid national security conc

erns” in both countries, that should be kept to a minimum and not exaggerated, he said.

“Normal commerce is in the interest of both of our countries. And we should pursue it vigorously,” he added.

Allen also said members of the council are worried that they are now i

n a “very uncertain time” when the already tense situation could potentially deteriorate, as th

e world’s top two economies are embroiled in a protracted trade dispute with the Trum

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tinue to purchase China-made goods if there are no substitut

Research released by the International Monetary Fund on Friday showed that some of these tariffs hav

e been passed on to US consumers, while others have been absorbed by importers leading to lower profit margins.

US restrictions on high-tech exports to China will push up Washington’s trade deficit with China, an

d rising prices could also reverse the low inflation in the US. Meanwhile, any speculative trading on the

Chinese currency amid its depreciation pressure will “inevitably suffer from a huge loss”, Guo said in his speech.

To eliminate bad outcomes from trade tensions, further opening-up in China’s services sec

tor, together with high-tech development supported by artificial intelligence, will help lift Chinese eco

nomic growth from 6.3 percent to around 7 percent by 2035, said Zhu Min, a former deputy managing director at the IMF.

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The China-US trade disputes have significantly influe

enced the renminbi’s performance, said Wang Shengzu, co-head of Investment Strategy Group Asia Goldman Sachs.

But the currency is unlikely to slip out of a reasonable range, assuming there is no big shock from the trade talks, Wang said.

As a sound base for a stable renminbi, “the Chinese economy has shown sig

ns of bouncing up, shown by the faster-than-expected growth of industrial output, ret

ail sales, and credit in the first quarter, and this means that economic activity is improving with supportive pol

icies”, said Wang.Liu Shiyu, China’s former top securities regulator, was under investigation for alleged violations of

the law, according to a statement Sunday from the Central Commission for Discipline Inspection.

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To make up for the increasing savings gap, the US need

eds to introduce and use more foreign capital, which will further enlarge

the trade deficit. Therefore, the US cannot simultaneously maintain a high growth r

ate, invest massively in infrastructure, reduce the trade deficit and restrict the inflow of foreign capital.

What is really questionable is that, despite its contempt for over-regu

lation of the economy, the US administration has been trying to impose regulations on int

ernational trade, even for its trade partners’ domestic economic management.

Results for US may be unsatisfactory

The US administration’s more often than not conflicting goals have

resulted in the trade conflicts with China and other countries. For instance, China’s exports to t

he 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.

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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.

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As a result, it is paramount to use new technologies and

international cooperation to jointly tackle these natural disaster risks, protect ecological security and achieve sustainable development,” Bai said.

The academy will continue to collaborate with foreign partners to create new platform

s and mechanisms to improve disaster management and ecological protection, he added.

Mami Mizutori, head of the UN Office for Disaster Risk Reduction, said in a video speech that th

e scale and reach of the world’s largest infrastructure initiative will impact billions of people and reshape the ph

ysical world, and countries should be mindful of these projects’ impact on the environment and inhabitants.

“It is encouraging that the government of China is taking proac­tive measures to ensu

re that the development of the Belt and Road Initiative is risk-informed and sustainable,” she added.

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Huang Jing, 25, from Jiangyin, Jiangsu province, said

 she buys cosmetics, handbags and clothing from top brands through cross-border e-commer

ce platforms every month. Sometimes, she drives for one to two hours to neighboring bigger cities, such a

s Wuxi in Jiangsu, and Shanghai for shopping. She also plans two or three overseas trips every year.

“I don’t have any housing or car loans, and don’t have to worry about daily costs, as I live with my parents. I usually spend all my sa

lary on daily consumption and entertainment, which is quite common for people such as myself,” she said.

Jason Yu, managing director of Kantar Worldpanel, said small-to

wn youths look to the internet for the latest information, products and lifest

yles. The gap between young people in lower-tier cities and those in metropolises has narrowed greatly.

“Small-town youths now have broader horizons, are well informed, and some have even started to lead ‘avant-garde’ lifestyles,” he said.

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Baidu came under fire in 2016 when Wei Zexi, a 21-year

old student from Xidian University in Shaanxi province, died from a rare cancer of the soft tissue. Wei was re

searching the disease on Baidu and came across an advertisement for treatments that proved ineffective.

After Wei’s death, Baidu announced a sweeping restructuring and optimization of its medical business, especially regardi

ng its paid listing practices. It also tightened regulations on medical promotion and enforced clear labeling rul

es that differentiate advertisements from credible medical information, according to media reports.

However, medical advertising remains one of the key sources of income for Baidu, and some are still trying to exploit the s

ystem. In April, the police in Shenzhen, Guangdong province, detained a team of medical fraudsters who drove up r

ankings on Baidu’s research results to promote faulty hospitals to patients, local authorities said.

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Cambodia is working with China to launch our first

 satellite in 2021, so the (Cambodian) government hoped that someone could learn something abo

ut spacecraft. But there is no school in Cambodia that teaches such a thing. So here I am,” Chea said.

China has signed an agreement with Cambodia to develop, make and launch the Southeastern Asian nation’s first sat

ellite in the next few years. The satellite, Techo 1, will be used for communications.

Moreno Pena, on the other hand, has 11 years’ experience at the Bolivarian Agency for Space Activities, Venezuela’s sp

ace organization, as an electrical engineer and chief of the spacecraft operation unit.

This is the second time he has come to China as a student. The first time w

as in 2007, when he was selected to take part in satellite application training in Beijing.

He said he came to China this time hoping to expan

d his knowhow on spacecraft and learn how to design and build satellites.

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The park is the brainchild of Angie Yu, founder and

Yu came up with the idea of cashing in on the battle against the Asian carp, and in 2011 founded Two Riv

ers Fisheries in Wickliffe, just south of where the Mississippi and Ohio rivers meet.

Yu has a knack for turning waste into profit. She once developed a business that turne

d discarded crab and shrimp shells into glucosamine, a popular supplement used to treat joint pain.

In Iceland, where lumpfish were discarded after their roe was removed for caviar, she exported the leftover fish to China.

Two Rivers Fisheries began processing and exporting carp in 2013. Las

t year, the company processed about 1.17 million kg of the fish. This year, it processed nearly 590,

000 kg in the first quarter. Since starting operations, it has processed 4.53 million kg of carp.

It is the leading fish exporter by volume in Kentucky.

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