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e technologies that it enables, are harnessed for the benefit of mankind while minimizing the risks to devel
opment, peace and security and human rights,” Guterres said in a congratulatory letter to the expo.
Miao Wei, minister of industry and information technology, said China has already made sig
nificant progress in bolstering the big data industry with a string of big data platforms established in sect
ors such as manufacturing, commerce, finance, transportation and medical care.
“We will make a fresh push to integrate cutting-edge information technologies into the re
al economy, including establishing a national industrial data center, to better power the country’s sp
rawling manufacturing sector,” Miao said at the opening ceremony of the big data expo.
Central bank vice-governor voices confidence amid currency volatility
The monetary authority vowed to stabilize the renminbi amid escala
ted trade tensions, while continuing to push forward financial opening-up and pr
otecting overseas investors’ legal rights, said a senior official from the central bank on Sunday.
“We have the foundation, confidence and capacity to maintain a stable foreign exchange ma
rket in China, and keep the renminbi exchange rate at a reasonably stable equilibrium,” said Pan Gongsheng, vi
ce-governor of the People’s Bank of China, the central bank, said in a statement on its website.
Before his pledge, the onshore renminbi rate depreciated to 6.9182 per do
llar at Friday’s close, the weakest level since December, and the offshore renminbi rate h
detour before reaching a deal sooner or later, then the economic impact for consumers in China and t
he US, as well as other parts of the world, will be fairly costly, said Chen Wenling, chief econ
omist at the China Center for International Economic Exchanges.
Whether they buy finished products or goods made from r
aw materials and components, the tariffs still exist, Chen said.
The escalation will make goods produced by both countries less co
mpetitive and cause large-scale job losses, said Chen.
Wei Jianguo, former vice-minister of commerce, said economic conflict
s and trade friction between China and the US that draw global attention will happen fro
m time to time in the future, and these should be rationally regarded and prepared for.
d further enhance border management to safeguard the safety and stability of the border region, Xi said.
China-Myanmar relations have developed well in all areas, Xi said, add
ing that the two countries have made new progress in jointly building the Belt and Road.
Cooperation between the two countries and the two armies has maintained sustainable and healthy dev
elopment, Xi said, adding that the visit is expected to bring new progress in their defense and military cooperation.
Min Aung Hlaing said Myanmar and China have a long history of traditional friend
ship, and the two countries and two armies have maintained good development.
Myanmar is grateful for China’s support for the development of the country and the ar
my, he said, adding that Myanmar appreciates China’s support of its domestic peace process.
Myanmar welcomes and supports the building of the Belt and Road, and the country wo
uld like to take effective measures to maintain the stability of the border region, he added.
Min Aung Hlaing is making his fifth visit to China since becoming Myanmar’s commander-in-chief of defense services in 2011.
last year. Every day, an average of 5.5 million people use the nation’
s high-speed trains, accounting for nearly 60 percent of daily users of the country’s rail network.
The State-owned rail car manufacturer CRRC Corp, the world’s largest train maker, had sta
rted developing a new-generation of bullet train that will operate at 400 kilometers per hour.
A preliminary report issued on Thursday by Ethiopian officials found that a malfunctioning sensor sent incorrect inform
ation to a Boeing 737 Max 8 jetliner, triggering an anti-stall system that began a chain of events that ended with th
e plane nose-diving into the ground, killing 157 people on March 10, the Associated Press reported.
Boeing has acknowledged that the sensor malfunctioned in the Ethiopian Airlines 737
Max jetliner, triggering the anti-stall system when it was not needed, the AP reported.
In addition, CRRC is designing two types of maglev trains-a 600 km/h high-speed version and a 200 km/h medium-speed ver
sion. Designers said the company expects to put them into service sometime around 2021.
short delay to Brexit is possible, but will be conditional on the House of Commons passing the Withdrawal Agreement.
“The question remains open as to the duration of such an extension,” Tusk, the President of the European Council, said.
Tusk said he spoke to Theresa May on the phone earlier this afternoon.
“May’s proposal of the 30 June, which has its merits, creates a series of questions of a leg
al and political nature,” he added. “Leaders will discuss this tomorrow.”1 hr agoDona
ld Tusk speaking nowThe President of the European Council, Donald Tusk, is giving a press conference in Brussels.
1 hr 9 min ago
MPs surprised by “downright reckless” strategy, Starmer says
dow Brexit Secretary Keir Starmer has opened the emergency debate into the Brexit delay by quoting Ther
esa May’s de facto deputy David Lidington, who said last week that if May’s divorce deal was not passed by parl
iament, seeking “a short and, critically, one-off extension would be downright reckless.”
Starmer says those statements led MPs to believe that May would reques
t a long extension if she hadn’t passed her plan — but May has asked for a delay only until June 30.
He adds that the confusion is symptomatic of May’s Brexit strategy to date — to “put parliament as far away as possible from the process.”