Economic basics will stay positive, interview emphasizes

The Chinese economy has stayed on a trajectory of stable gro

wth, and the country’s economic fundamentals will remain p

ositive in the long run, President Xi Jinping said in a written interview with Russian media.

On the eve of his state visit to Russia, Xi told TASS Russian News Agency and the Rossiyskaya Gazeta newspaper on Tues

day that China has all the necessary conditions, capability and confidence to deal with any risks or challenges.

Despite a slowdown in global growth and trade, the Chinese economy

has had a strong start this year with key economic indicators remaining in a proper range, he said.

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efits and collaborative innovations – like the launch of

 the Global Innovation Exchange project in 2017 brought together by M

icrosoft, China’s Tsinghua University and the University of Washington, he said.

Habib said relations with China have also benefited Boeing, another major company in Washington.

“There’s no question that China is the most significant destinati

on for aerospace,” said Habib, as China “has the biggest middle class and it’s growing. Alon

g with that comes a tremendous increase in demand for both passenger travel and freight mobility.”

Habib also applauded China’s interest in Washington’s agricultural products

such as apples and cherries, and specifically mentioned tourists and students from China.

With the current trade disputes between China and the US, however, Habib is seeing some frustration in his state.

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To achieve the government target of bringing down the

the percentage of adult smokers to 20 percent by 2030, we have a lot of work to do,” he said.

The biggest obstacle to tobacco control in China is the powerful toba

cco industry, which is one of the biggest tax contributors to the government, he said.

Despite an increasing number of cities having local regulations on tobacco control,

national legislation is still lacking, due to causes including influence from the industry, he said.

“Only a few big cities, such as Beijing, Shanghai and Shenzhen h

ave strict tobacco control regulations and law enforcement, but in most areas in China suc

h regulations are absent,” he said. “The prevalence of tobacco has caused serious health conseque

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Market-oriented reform and opening-up will improve pr

roductivity in the service sector, which is an important thing that China is focusing on to stabilize economic growth,” Zhu said.

Chen Yulu, a vice-governor of the PBOC, also supported a “full-scale” opening of the financial sector. In the future, foreign invest

ors are welcome to conduct all forms of financial business in China, excepting those being named on a neg

ative list, and authorities are researching a new regulatory system, Chen said at the forum on Saturday.

Li Daokui, director of the Academic Center for Chinese Economic Practice and Thinking at Tsing

hua University, said China “should be more confident” in accelerating opening-up of its financial sec

tor, which will help global investors seize numerous opportunities in the Chinese market.

Domestic financial institutions are now capable of engaging in fiercer competition with global peers as their serv

ice abilities in many aspects, such as banking and insurance, have improved a lot over the past years, Li said.

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The IMF research, citing official data, found that the

 revenue collected by the US government through hefty tariffs on Chinese imports, has been paid almost entirely by US importers.

“Some of these tariffs have been passed on to US consumers, such as those on washing machines, wh

ile others have been absorbed by importing firms through lower profit margins,” the research said.

Any further increase in tariffs will likely be passed through to consumers, it said.

China and the US, the world’s two largest economies, have been embroi

led in a tit-for-tat trade confrontation over the past few months. Washington threatened to fur

ther escalate a tariff war and increased tensions by tightening restrictions on Chinese companies.

Earlier this month, the US raised tariffs on $200 billion of Chinese imports from 10 percent to 25 percent, and China took coun

termeasures. Then the US administration listed about $300 billion more of Chinese goods for possible tariff hikes.

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Xi hailed Zhang’s deeds, saying the elderly hero hid the

 for more than 60 years and stayed true to his original aspirations. As a s

oldier, Zhang defended the country; as a civilian, he works for the people’s well-being, Xi said.

Zhang lives a life of simplicity, purity and indifference to fame and fortune, serving as a role

model for military officers, rank-and-file soldiers and veterans across the country, Xi said.

Zhang, a member of the CPC, was a soldier of Brigade 359 of the Northwest Field Ar

my, one of the main forces of the Chinese People’s Liberation Army during the Liberation War between 1945 and 1949.

He was honored by the Northwest Field Army sever

al times for performing meritorious deeds as he braved enemy fire. He was twice given the honorary title of C

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He said through the SAR government’s efforts and a ratio

onal discussion among the people of

Hong Kong, the city will eventually reach a consensus and any doubts over the issue will be dispelled.

Han, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Comm

ittee, hoped that all sectors in Hong Kong will work together to safeguard the image of the city’s rule of law.

The SAR government proposed to amend its Fugitive Offenders Ordinance and Mutual Legal Assista

nce in Criminal Matters Ordinance in March. The proposed amendments will allow Hong Kon

g to surrender fugitive offenders to jurisdictions with which it does not currently have extradition arrangements on

a case-by-case basis, with prior approval from the chief executive before an application is submitted to the courts.

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Moreover, Washington has forbidden US companie

 to sell chips to ZTE, a Chinese multinational telecommunications equipment and

systems company, even after imposing huge fines on the company. By so doing, the US has act

ually encouraged China to increase investment in its high-tech sector. So, even if China and the US were to strike a de

al, China would be prompted to import lower volumes of energy and agricultural products from the US.

In macroeconomic terms, the China-US trade dispute has added h

uge uncertainties to the US economy and raised the likelihood of recession. Which cou

ld thwart the US president’s chances of being re-elected in 2020. And the trade dispute c

ould prevent the US from taking the measures it intends to in order to consolidate its national power.

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Meditation is the easiest way for people to reduce pr

essure, and psychological experts say that thinking of nothing is a mental

adjustment for people, which is

good for health as it can reduce the risk

of anxiety and depression by 25 percent, according to Workers’ Daily.

If people can’t manage their emotions effectively under high pressure, it will

harm their family life, work and social life, experts say.

The suggestion sparked reaction from netizens, with Sina Weibo user

Happy little witch123 asking, “Is it ok if I

accumulate the daily five minutes and me

ditate a hour on one day?” A WeChat user named yuenyuen said, “I’m not

bragging but I can meditate for a whole day.”

Just 20 days after the opening of a

museum of broken relationships in Taiyuan, capit

al of North China’s Shanxi province, its owner joked that it was turning into a blind date site, thecover.cn reported.

Since it opened to the public on April 25, the museum has received 500 visitors every day, aged between 16 and 25.

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The conference also saw the launch of a scientific alli

lliance on international disaster risk reduction, which included around 30 institution

s and universities from countries including Italy, Belgium, Nepal, Pakistan and Sri Lanka.

The alliance will serve as a new platform for international coordinati

on and provide scientific support for disaster relief and sustainable development.

The conference was co-hosted by the Chinese Academy of Sciences, the China Association for Science and Technology, the U

nited Nations Environment Program, the UN Office for Disaster Risk Reduction and the Alliance of Int

ernational Science Organizations, a group created to connect the scientific communities of BRI participants.

Bai Chunli, president of the academy, said in the conference’s opening ceremony on Saturday that areas along the Si

lk Road are prone to various natural disasters that have resulted in massive loss of life and economic damage.

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