urged to avoid more damage to China tiesonly

Beijing urged Washington on Saturday “not to go too far” in harming China’s interest

s, and called for it to change course to avoid further damaging bilateral ties.

China firmly opposes the United States’ recent remarks and actions that harmed China’s interests, in

cluding its resorting to political means to suppress normal operations of Chinese companies, State Coun

cilor and Foreign Minister Wang Yi said in a phone call with US Secretary of State Mike Pompeo.

History and reality show that China and the US both benefit f

rom cooperating with each other, while both suffer from bilate

ral conflicts, and cooperation is the only proper choice for the two major countries, Wang said.

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China has also recently announced a strengthened reg

gime of intellectual property rights protection. Again, this is what foreign negotiat

ors are seeking, but also is important for China’s own economy as it transitions to being a technology leader.

Trade agreements can affect the types of goods being traded and they can redirect trade toward one c

ountry, away from others. They cannot directly affect any country’s worldwide current account bal

ance. A country that saves less than it invests will have to borrow foreign funds to import foreign goods to make up that difference.

There are two ways to reduce the US trade deficit. A serious recession would reduce investme

nt, but nobody advocates that as a strategy. The only other path is to change the US financial and gov

ernment system to encourage increased savings. China has almost nothing to do with it.

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by US-China trade worries. Moreover, smaller rival Lyft Inc’s s

hares plunged this week after its first earnings as a public company.

Uber was the biggest of a group of Silicon Valley startups that have spent ye

ars raising money in private rounds at record prices. Many of these companies are

now looking to follow with their own IPO. Some, like Uber and Lyft, are unprofitable.

Workplace messaging company Slack Technologies Inc plans to hold an investor presentation on Monday in adv

ance of its direct listing next month. Grocery and food delivery platform Postmates, WeWork owner The We Co

mpany and online mattress retailer Casper Sleep are among startups seeking to launch IPOs this year.

“If a venture capital investor wants to burn cash they can do that as long as they want, but on

ce you get to the public markets you have to show profitability or a path to it,” said Jordan Stuart, a por

tfolio manager at Federated Kaufmann who often purchases companies’ shares during an IPO.

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Rich Chinese parents also caught up in college admissions scandal

Paying millions of dollars to secure their children a spot at an elite college may

sound absurd to many parents, but some are willing to do this.

Nicole Shen, the Chinese mother of a high school student in Palo Alto, California, said she would be wi

lling to pay a pretty penny upfront to get her daughter admitted to a top-tier university if she could afford it. “As long as eve

rything is legal,” she added.Zhao, 52, was introduced to William “Rick” Singer, a college consultant in California and the mast

ermind behind the scandal, by Michael Wu, who worked as an adviser at the Los Angeles area branch of in

vestment bank Morgan Stanley, according to the Los Angeles Times. Wu has since been fired.

Two wealthy Chinese families have recently been in the spotlight and t

he subject of widespread discussion after media reports showed they paid huge am

ounts in a high-profile college admissions scandal. The sums they paid dwarfed the typical amount footed by US parents.

The highest-known payoff to date is the $6.5 million by billionaire Zhao Tao, president and co-founder of Shandong Buchang Pharmaceuticals Co.

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As the state was looking for innovative ways to tackle

 the Asian carp problem, Kentucky awarded Yu its first-ever fish house contract in fall last year. Under the deal, Yu’s Kentucky Fish

Center will buy Asian carp at a guaranteed price, with part of this coming from a government subsidy.

All fish at the center will be sold by auction to buyers in the US or overseas. S

ales will be overseen by the Kentucky Department of Fish and Wildlife Resources.

Kentucky provided a secured $734,000 fixed-assets loan to help the center begin oper

ating. Additional incentives will be awarded every year based on performance.

The center needs to reach certain goals: to remove 2.26 million kg of Asian

carp from Kentucky waters this year and increase that amount gradually to just ov

er 9 million kg annually by 2024. If those goals are met, the loan will be waived.

The entire program will cost Kentucky about $4 million.

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In the past couple of years, Dong Biyong, a mille

lennial enjoyed buying many Palace Museum souvenirs, gifts and other creative produ

cts. “I tried quite a few from makeup kits, lipstick, blush, to various creative gadgets. They are good so

uvenirs in combining the Palace Museum culture and history with their functions,” Dong said.

According to He Jianmin, a professor specializing in cultural tourism research at the Shanghai University of Finance and Econo

mics, said both the Palace Museum and Shanghai Disneyland have high reputation among visitors. Since both bo

ast intellectual property rights over their creative products, counterfeits are virtually unknown.

Shanghai Disneyland, a $5.5 billion theme park, received more than 11 milli

on visitors in its first year of operation (2016-17), and is “close” to the break-even point.

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In spite of objections from his family, Zhang chos

 to start a photography studio in Beijing in 2011 rather than find a steady job.

“It takes a long time for people to understand this profession. Now with online promotio

n, I have been receiving more and more orders,” he said. “The clients now have to wait until next year for a

n appointment.”An evening gala was staged for the opening ceremony of the 2019 Beijing International Horticultural Exhi

bition in the capital’s Yanqing district on Sunday. The Chinese traditional dance performance used holo

graphic projection to present flying butterflies over the stage, and featured some segments of Kunqu Opera.eijing aut

horities have prepared an overall traffic plan to better serve visitors to the International Horticultural Exhibition 2019

Beijing that opened to public on Monday and is expected to attract more than 16 million tourists.

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he aim is to develop technologies and business mo

dels that will foster new growth and development. To do this, Ch

ina is committed to spearheading the Belt and Road Science, Technology and Innova

tion Cooperation Action Plan to advance information and communications technology infrast

ructure development with the aim of improving internet connectivity and security, Zondi said.

Oh Ei Sun, a senior fellow at the Singapore Institute of Inte

rnational Affairs, noted Xi’s emphasis on high-quality development, free trad

e and people-to-people bonds, “all of which are sorely needed around the world”.

“The shift toward high-quality development is a na

tural extension of what China has been doing for the past few y

ears. Now that the BRI is five years old, it’s about time to upgrade quality joint development,” he said.

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The zone is located in a labor-intensive area in Cambodi

 which means the project will provide a large number of jobs to lo

cal communities,” he said. “It is expected that up to 100,000 to 200,000 locals will be d

rawn to the new economic zone after its completion. They will rise out of poverty by working in this zone.”

The project will be beneficial to both China and Cambodia, Qian said.

“Many Chinese companies go overseas to expand their businesses. However, because of a la

ck of experience and related knowledge, most of them face huge obstacles abroad,” he said. “Our company has done overseas business for mo

re than 40 years and will provide a familiar business environment for other Chinese companies in the new economic zone.”

Some Chinese companies have decided to join the investment in the ne

w Cambodia project, Qian said, adding that in his opinion, a company should follow the nati

onal policy and direction such as Belt and Road Initiative while being profitable at the same time.

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AI algorithms also give the images a much higher defin

Nevertheless, while the team once thought that AI offered all th

e solutions, a new question soon arose. Audience members asked: “Where’s the original flavor?”

After restoring the images to their original state, they soon began to realize that people still needed some nostalgia. For examp

le, old series made by Hong Kong-based company TVB usually have yellowing images, but many viewers co

mplained that its retro ambience had vanished after the color cast was corrected, Jiang says.

“People then said our restored version looked like a camera filter has been ad

ded,” Pei says with a bitter smile. “We then had to go back and adapt our methods.”

More complicated algorithms were later developed to carry out a tailored plan for each type of ser

ies, including those by TVB, Chinese mainland productions from the 1980s and Taiwan productions of the 199

0s. Some techniques in hands-on restorations were introduced later too, as Pei confesses even the best AI cannot handle every case.

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