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On Monday morning, Xi visited the JL MAG Rare-Earth

 Co and learned about the company’s production of rare earths and the development of the rare earth industry in Ganzhou.

On the heels of the United States government announcement it will ban unauthorized exports of US technology to Hua

wei, by Monday, a number of major US tech giants, including Google, had reportedly stopped supplies.

Amid the escalating tit-for-tat trade blows between the world’s tw

o largest economies, the US putting Huawei, the face of Chinese hi-tech progress, on its Ent

ity List is no doubt a calculated blow to hit China and Huawei where it hurts. “America will probably use its ability to with

hold components from Huawei as a bargaining chip in a future trade deal with China,” The Economist reckons.

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Ren said Europe maintains close communications wit

th Huawei and some features of 5G are very suitable for the rollout of the superfast techn

ology in Europe. For instance, 5G capacity is 20 times that of 4G, and its power consumption 10 times l

ess. “We also use materials that will not corrode for decades, and these characteristics are very suitable for Europe.”

Ren said the US technologies are still worth learning in both their depth and width. Many small US companies have super-precision products.

“But in our business (5G), Huawei is at the forefront, though when

it comes to comparison between countries, we are still far behind the United States,”Ren added.

“We will not go through an extreme shortage of supplies. We have made sound preparati

ons,” Ren said, adding that the company’s employees are working overtime to prepare for such situations.

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Renminbi to remain stable, regulator saysknotes at a ba

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

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percent, respectively, registering significantly faste

The emerging service sector also grew very fast, Meng said.

In April, the information transmission industry, along with software and inform

ation technology services, grew 25 percent year-on-year, 17.6 percentage points higher than the national index of services.

Online retail sales amounted to 3.04 trillion yuan ($440.2 billion) in the first four m

onths, a year-on-year increase of 17.8 percent. Around 17.07 billion parcels were delivered, up 24.8 percent over last year.

She said the transformation of traditional industries is speeding up as they combine with information technology.

“Through implementing national big data and internet plus strategies, internet, big da

ta, and artificial intelligence technologies have been widely used in China’s real economy,” she said

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In particular, we need to strengthen international coop

peration in AI governance including laws and regulations, ethical norms and international rules,” Wang said.

The State Council issued a plan in 2017 that set benchmarks for China’s AI sector, with the value of core AI indu

stries predicted to exceed 1 trillion yuan ($145 billion) and make the country the global leader of AI innovation by 2030.

In December, Tianjin unveiled a three-year plan to boost the innovative development of seven AI-related indust

rial chains including independent and controllable information systems, smart security, big data, advanced co

mmunications, intelligent connected vehicles, industrial robots and intelligent terminals.

According to the plan, the government will build Tianjin into an AI in

novation center and a hub of AI industries and innovative applications by 2020.

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Santarita said a similar concept can also be found in other

Asian countries, citing the Philippines’ compadrazgo and Indonesia’s bapakism as examples.

Compadrazgo, a Spanish word that literally translates to “co-fatherhood”, is based

on a kinship ritual that is formed after a child gets baptized into the Roman Catholic faith.

For the predominantly Catholic and close-knit Philippine society, t

he godfather (known as the padrino) is part of one’s extended family and is expected to he

lp and protect his godchild. The godchild is expected to respect and be loyal to the padrino.

Bapakism is derived from the Indonesian word for “father”. When us

ed in Indonesian business, bapakism demands great respect and obedience to one’s su

perior. The manager in his role as the company’s bapak is expected to look after and care for his employees.

Although Asian values are steeped in an ancient culture and tradition, it was only in t

he 1990s that this concept drew global attention. This was partly due to Asian leaders like the la

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People-to-people contacts, as a non-ignorable compon

ent of the Belt and Road Initiative, are boosted by China and Azerbaijan

via linking people of the two countries in cultural exchange, education, human

itarian dialogue and tourism cooperation. China and Azerbaijan signed a memorandum of understanding to stim

ulate tourism between the two countries. “Data from 2018 shows 15,000 Chinese tourists visited Azerbaijan last year, w

hich is not enough of course, and we aim to do more to attract more visitors in the coming years,” Hajiyev said.

He also highlighted education exchanges between the two countries, as China has sent students to study language in Azerba

ijan and viceAs Azerbaijan has a favorable political and geographic location, the country aims to become a tran

sport hub connecting Europe and Asia under the framework of the Belt and Road Initiative. “The point of the transp

ortation network is to integrate it with the original countries,” Hajiyev said, adding Azerbaijan has built a network of transp

ortation including seaports, airports, railways and land roads.-versa. “We are looking forward to increase the numb

er of (students) because we see they can play the role of a humanitarian bridge between our countries.”

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On Tuesday afternoon, he had talks with Tusk and Jun

ker. A number of cooperative agreements were signed after that.

Li flew to Croatia late on Tuesday to begin his first visit to the Central and Eastern Europe

an country, which also is the first by a Chinese premie

r in the 27 years since the two countries established diplo

matic ties. He will also attend the eighth China-CEEC leaders’ meeting in Dubrovnik.

In a signed article published on Tuesday by several Croatian newspap

ers, Li said China will open up further to unlock the potential for trade in goods and promote two-way t

rade and investment liberalization and facilitation. More competitive goo

ds from CEE countries are welcome in China, which is committed to working for more balanced trade.

Li also called for more opportunities in the new economy and new growt

h drivers in the digital economy, e-commerce, financial technology and smart cities.

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US zoo holds farewell party for giant pandas Diego Zoo

The San Diego Zoo in the US state of California held a special ceremo

ny on Saturday to kick off a three-week farewell event for two giant pandas.

Twenty-seven-year-old female giant panda Bai Yun and her son, six-year-old Xiao Liwu, will leave the zoo in late April and b

e sent back to China, as the zoo’s conservation loan agreement with China has ended.

According to the zoo, their staff are working with their colleagues in China on future panda conservation and research.

The zoo’s giant panda program is the first joint research program established between Chi

na and the United States as early as in 1994, said China’s Consul General in Los Angeles Zhang Ping.

“Like other joint giant panda research and conservation programs in the United States, t

his program has not only promoted the friendship and understanding bet

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Qian is one of 47 teachers who arrived on the southweste

rn plateau in 2015 from Jiangsu, whose students regularly post some of the best exam result

s in China. Some members of the original teaching group have left and been replaced by new arrivals.

As experts in teaching methods and education theory, they we

re keen to bring their experience and knowledge to Tibet, where education was once exclusive to the ar

istocracy. Their efforts are paying off, as both students and local teachers are benefiting from their presence.

The school, a secondary boarding establishment, was establ

ished by the Jiangsu government in 2014 with an investment of 263 million yuan ($39 million).

It is home to 2,890 students, more than 90 percent of whom are Tibetan, and the 316 teachers provide 63 classes. Exc

uding the 47 educators from Jiangsu, the teachers are locals of both Han and Tibetan ethnicity.

The students, from juniors to seniors, said the Jiangsu teachers ar

e more patient and softer-tempered than those at their old schools and the classes are more interesting.

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