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Huawei has said that it is willing to sign a “no-spy” agreeme

nt with countries that commit to its equipment. And this may po

nt to a reasonable solution as it offers a way out for international partners in the West, which h

ave been caught in the middle of the US-waged campaign against Huawei, to cooperate with the Chinese company.

The security of 5G networks is a technical issue, and it should be addressed as such. Security prin

ciples should be based on verifiable facts and technical data rather than ideology or a vendor’s country of origin.

However, judging by its ill treatment of Huawei since last year, t

he US will continue with its persecution and has no intention of changing its ways.

The victimization of Huawei shows the world’s largest economy no longer wants to uphold the core values that govern free trade

and fair market competition. And it is willing to use its superpower status, so that, by hook or by crook, it can obstruct co

mpetitors that might challenge its competitive edge in science and technology.

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Foreign Ministry spokesman Geng Shuang urged the US gover

 government on Tuesday to consider the costs it would bear through raising tariffs.

He reiterated that China will never capitulate under any external pressure and hopes the US meets China halfway.

The US has no need to “worry about” China’s affairs, Geng said at a daily news conference. The country has made progress i

improving its foreign investment environment and has become a popular investment destination, he sa

id, citing the expansion of US-based Exxon Mobil Corp and Tesla Inc in the market last year.

Geng stressed that China welcomes foreign companies to increase investment in the market and will co

ntinue to establish a more stable, fair, transparent and predictable investment and business environment.

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The future growth prospects of today’s early-stage (that is

lower-income-some growing and others not) developing countries will be of huge importance in red

ucing poverty further. Although these countries face significant headwinds, they could also seize imp

ortant new growth opportunities-especially with the help of digital platforms.

The headwinds are certainly considerable. For starters, advances in digital technolo

gies-robotics, machine learning, sensors, and vision-directly threaten the labor-intensive manu

facturing and assembly upon which lower-income, nonresource-rich economies have traditionally relied.

Moreover, climate change has had its greatest economic impact on the tropical and subtropical regio

ns where most of the lower-income countries are located. The effects of global warming are highly disrup

tive in fragile economies, and, taken together, constitute a major new obstacle to growthle

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Most Chinese State-owned enterprises are not relevant to tra

ade negotiations. Many are in non-tradable sectors such as property develop

ment, infrastructure, or concrete. Others are basically public utilities in telecoms or power.

Some Chinese car companies are State-owned, usually by provincial govern

ments, but the car business in China is very highly competitive and foreign brands are very successful.

In any case, the continuing growth of an already large private sector should alleviate foreign concerns

about competing with State-owned companies.

During the George W. Bush administration, the US imposed tarif

fs on Chinese steel, arguing that State-owned companies had an unfair advantage. But, US ste

el companies also face higher costs because of increased environmental protection. China’s current emphasis on bu

ilding an “ecological civilization” means that that kind of polluting heavy industry will be less viable.

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China’s consumer inflation quickens tosumer price ind

China’s consumer price index (CPI), the main gauge of inflation, gr

ew 2.5 percent year-on-year in April, the National Bureau of Statistics (NBS) said Thursday.

The reading, in line with market expectations, accelerated from the 2.3 percent gain in March and 1.5 percent in Febru

ary. On a monthly basis, consumer prices edged up 0.1 percent, compared with the 0.4 percent drop seen a month earlier.

NBS official Dong Yaxiu attributed the rise to higher prices of vegetables, pork and fruit, which ros

e 17.4 percent, 14.4 percent and 11.9 percent, respectively, from the same period last year due to tighter supplies.

Food prices, which account for nearly one-third of weighting in China’s CPI, went up 6.1 percent year-on-year.

Meanwhile, China’s producer price index (PPI), which measures inflation at the factory gates, rose

0.9 percent year-on-year last month, up from the 0.4 percent gain in March that showed improving market demand.

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The overall stability of China-US relations over the pa

four decades has been a blessing to not only our two countries, but the whole world,” said Cui Ti

ankai, Chinese ambassador to the US, in his remarks during the awards presentation.

“And the essence of the 40-year story is amity between the peoples, which lays the foundation for

and shapes the future of our relations,” he said, adding that the stories shared by peoples from the two cou

ntries through the My China Album series will always “be a source of inspiration and motivation for us”.

Hundreds of US citizens participated in the series from Feb 6 to April 19, sharing their personal stories about China thro

ugh photos and captions. Ten of the participants were recognized for their genuine and touching stories.

“I was so honored to win first place in this year’s My China Album,” said

Max Horne, an incoming Harvard University freshman who visited Yunnan province years a

go and studied the Naxi culture, a local ethnic group. “There’s endless culture for us to appreciate.”

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Using a variety of advanced technologies-augmente

 reality, artificial intelligence, virtual reality and human-computer interaction-scenes are create

d based on ancient Chinese classics, such as the Classic of Mountains and Seas, in which mythical an

imals appear in forests, lightning flashes, thunder rumbles, wind blows and rain pours.

Visitors can experience primeval nature in a part of the exhibition developed by the Beijing World Horticultural Expo Co

ordination Bureau and the Chinese Academy of Sciences’ Institute of Automation.

In addition, visitors can experience what it’s like to ride in an autonomous vehicle. Three driv

erless vehicles developed by Baidu-two with eight seats and one with four seats-offer rides in the park.

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She added that Nepal sticks to the one-China poli

cy and will not allow any forces to use its territory to conduct any anti-China activities.

China’s State Council made public a decree Tuesday to prompt the integrated platform building for e-gov

ernment services to optimize the business environment and make government services more easily available.

The decree clarifies the goal and overall structure of the integrated

platform for e-government services, aiming to standardize the services nationwide, facil

itate information sharing and coordinate services among regions and departments at various levels.

The two leaders witnessed the signing of bilateral cooperation documents after the meeting.

China is now Nepal’s biggest source of foreign in

vestment, second-largest trade partner and second-largest source of foreign tourists.

Ahead of the First Belt and Road Forum for International Cooperat

ion, China and Nepal signed a memorandum on Belt and Road cooperation in May 2017.

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Having watched and researched the Belt and Road

tiative for a very long time, Astle has identified many opportunities provided by the BRI and

some great projects are already successfully being implemented with Chinese partners.

The world’s only medicine treating spinal muscular atrophy (SMA) is entering the Chinese market, it was announced Sunday.

The drug is registered under the name Spinraza in the United States and European Union.

Available in more than 40 countries and regions, Spinraza is expected to bring new

hope for those who living with SMA, a genetic disorder that affects muscle control, in China.

SMA affects between one in 6,000 and one in 10,000 in China, a

nd about 95 percent of the patients die 18 months after birth, doctors said.

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Fixed-asset investment growth was 6.3 percent in the first

 quarter, compared with 6.1 percent in the first two months, the National Bureau of Statistics reported.

As favorable policies are implemented at all levels of government in the sec

ond quarter, manufacturers will start seeing concrete financial benefits and industrial out

put is expected to at least maintain a steady expansion from April to June, said Qin H

ailin, a senior industrial economy researcher at the China Center for Information Industry Development.

At the news conference, ministry officials also denied market rumors that China’s telecom carrie

rs are slowing down their investments in 5G, the fifth-generation mobile communication technology.

They said 5G is recognized as a fundamental digital infrastructu

re for societal and economic development, but it will take time to build a nationwide 5G netw

ork. China’s plan is to roll out the superfast technology step by step, the officials said.

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