ery likely so. Only things may not go the way Wash

If they wanted a replay of what happened to ZTE, a Chinese company which relies heavily on outsider

technologies, they may never see it. Because Huawei is a dramatically different kind of business.

The Plan B Huawei has just revealed — a series of self-developed chips — is only part of what makes it an enterprise of strategic insight, and hence resilience. Over

time, that insight has rewarded it with a viable biosphere that its founder Ren Zhengfei believes will enable it to weat

her the storm. “Our growth may drop a bit in the wake of US restrictions, but negative growth is impossible,” said a confident Ren during a Tuesday inter

view with Chinese media, adding that Huawei has cultivated longstanding trust with industry partners.

That may be why, even after Google barred Huawei from some Android featur

es, Ren spoke highly of the Silicon Valley giant, praising it as a “good company”. That may

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winners will represent them at the European Parliam

ament for the next five years. Each country gets certain seats based on proportional representation and chooses lawmakers based on its own rules.

Tian Dewen, a researcher in European Studies at the Chines

e Academy of Social Sciences, said that the coming elections are important barometers that reflect Eur

opean people’s attitudes toward their own governments as well as EU integration.

He is certain that nationalist and far-right parties will gain ground, but it is still possible that the mainstream groups, which a

re mainly politically center-left and center-right, will be able to effectively control the parliament. “If the current rul

ing parties lose many seats in the election, it indicates that they will face similar difficult situations in the followin

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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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The US’ monetary hegemony is itself a big impedim

ment to the reindustrialization process, which could be viewed as a sort of financial Dutch disease-the apparent causal relationsh

ip between the increase in the economic development of a specific sector and a decline in other sectors. The more

heated the US stock market gets, the more serious the Dutch disease will become. And, ironically, the US leader is k

een on strengthening the stock market to showcase his political and economic track record.

Besides, the US administration cannot launch large-scale infrastructure construction projects, significantly red

uce the trade deficit with China and deny Chinese investors access to its market all at the same time.

The US’ trade deficit stems from its extremely low national saving

s rate and has to be compensated by other countries’ national savings, which in turn

adds to the trade deficit. On the other hand, China’s efficiency in the manufacturing industry mak

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Health authorities suggest meditation every dayakes part in

China’s health authorities are advising people to meditate for five

minutes a day with the recent launch of a health knowledge promotion project.

The project has been jointly initiated by the disease prevention and cont

ol and promotion centers under the National Hea

lth Commission, China Health Education Center and All-China Journalists Association.

They advise a “5125” healthy living concept, suggesting people meditate f

ive minutes every day, do physical exercise for one hour every day, master one sport, join

one exercise community, take in at least 12 types of food every day and 25 types of food every week.

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Lee Byong-hyun, chairman of the executive board of UNE

said at the session’s opening ceremony that multilateral cooperation is crucial in tackling local, regional and global issues.

“My experience has taught me that the key for the success of international cooperation is dialog

ue,” he said. “This requires being curious about others, willing to open up and ready to listen with real engagement.”

Chen Baosheng, minister of education, said civilizations are enriched by exchanges, in which people learn from each other.

“To promote the world’s peaceful development, we need to see more and think more in light of protecting diverse Asian civiliza

tions. It’s encouraging to hold a more inclusive and modest attitude about equal dialogue among Asian civilizations.

“We need to keep the principle of amity, sincerity, mutual benefits and inclusive

ness in mind to make the dialogue among Asian civilizations an inspiration to the world an

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weight increase to be implemented at the November 2019 Sem

The MSCI announced Feb 28 to increase the weight of China A shares in the MSCI Indexes by increasing the inclusion factor from 5 per

cent to 20 percent in three steps after an extensive global consultation with a large number of inte

rnational institutional investors, who provided overwhelming support to this proposal.

hina will bolster the integrated development of the Yangtze River Delta with measures to a

dvance innovation-driven development and upgrade its industry chains, the Political Bureau of the

Communist Party of China Central Committee decided at a meeting on Monday.

Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting, which reviewed a plan on promoti

ng the integrated development of the delta region, according to a statement released after the meeting.

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Paul Tapponnier, a distinguished research professor at the

 administration’s Institute of Crustal Dynamics, said he “wholeheartedly” welcomes the project. China boasts unique

conditions to carry out the experiment as most of its earthquakes occur “inside the land under the feet of th

e people” rather than in the ocean, and there are many active faults in the country.

“My personal hope is that if there is any way or any future in trying

to forecast earthquakes, it may very well happen in C

hina,” said Tapponnier, also foreign associate member of the United States’ National Academy of Sciences.

According to the administration, the country is stricken by an average 20 earthqua

kes above magnitude 5 every year. There is an earthquake above magnitude 8 every decade. Since the turn of

the new millennium, more than 91,800 people have been killed by earthquakes in the country.

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Hundreds of Chinese scientists voiced opposition and

questioned the safety and effectiveness of the procedure following the announcement by He Jiankui, 35, who was a

n associate professor at Southern University of Science and Technology in Shenzhen, Guangdong province.

The university terminated He’s employment contract following the incident. A team of investigators said he deli

berately evaded oversight to conduct the research in pursuit of fame and profit and may face criminal charges.

“In our view, China is at a crossroads,” the four scholars said in the Nature commentary. “The government must make

substantial changes to protect others from the potential effects of reckless human experimentation.”

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Some analysts held a more prudent opinion that a sustai

ainable recovery in earnings growth may come later, as a large portion of the recovery in the firs

t quarter is attributable to financial stocks, and notable improvements in revenue growth have not emerged.

During the first quarter, the aggregate revenue of A-share companies grew by 10.9 pe

rcent year-on-year, compared with 11.5 percent for the whole of 2018, according to Wind Info.

Analysts from Huatai Securities pointed that liquidity condition of l

isted companies has improved in the first quarter, with nonfinancial companies’ ca

sh flow generated from business operations having begun to cover the cash flow needed by investments.

This positive change could mean that capital expenditure of listed companies may acc

elerate in the second half of this year, spurring fixed-asset investment from a macro perspective.

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