President Xi Jinping inspected a company that manufactures high-tech magnetic m
aterials as he kicked off an inspection trip to East China’s Jiangxi province on Monday.
Xi learned about the business operations of the JL MAG Rare-Earth Co Ltd, based in Ganzhou, which speciali
zes in rare earth permanent magnetic materials, as well as the development of the rare earth sector in the city.
Ren Zhengfei, founder and CEO of Huawei, said on Tuesday that the US governm
ent’s 90-day extension “doesn’t mean much”, adding that the company was ready to deal with the ban.
Ren’s comments came after the US Commerce Department said on Monday that it gave Hu
awei a 90-day license to purchase US technologies to maintain existing networks and provide software upd
ates to existing Huawei handsets. That marks a delay of the ban on US technology exports to Huawei.
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.
Information Industry Development, said Huawei’s chip making arm HiSilicon can help Huawei ensure the s
ustainability of its business to some extent, and its chip stocks “are expected to provide a buffer of six months to a year”.
Huawei said it procured around $70 billion worth of components and services from i
ts 13,000 suppliers worldwide last year, with roughly $11 billion coming from US suppliers.
The US has been voicing the “national security threat” of using Huawei products.
French President Emmanuel Macron said on Thursday that France will allow Huawe
i to build its 5G network infrastructure while preserving national security, according to Xinhua News Agency.
September, 53 people in the company were transferred for examination and prosecution.u’an, a county in
China’s Hebei province, 50 kilometers away from Beijing’s Tiananmen Square, is looking to build an innovation-driven coun
Emerging fields including online lending, investment, pension services, consumer reb
ates, financial mutual aid and virtual currencies have become “disaster areas” for economic crimes, said Gao.
Since the collapse of P2P online lending platforms beginning last Jun
e, public security authorities have investigated and handled more than 400 illegal fun
draising platforms and arrested more than 60 fugitives from 16 countries and regions.
“To grab excessive profits, the criminals keep changing and upgrading their criminal
methods, which are usually strongly deceptive,” he said. “Investors should be very cautious.”
artment announced on Wednesday it will add telecommunications eq
uipment maker Huawei and its affiliates to the Entity List on Wednesday. Being on the list
bars the company from buying US technology without government approval due to security concerns.
On the same day, US President Donald Trump signed an executive order that bars US companies fr
om using telecom equipment from manufacturers considered a national security risk, without mentioning Huawei by name.
Such moves, as well as the increase of tariffs on $200 billion worth of Chinese goods earlier this m
onth, complicated the prospect of continuing the bilateral trade talks that have been ongoing for more than a year.
China has always believed in and hoped to solve trade differences thr
ough talks, but such talks should be equal, Wang said. In any talks, China must protect its legitim
Solana hailed the development of relations between China and the Europea
n Union, saying they could work together to uphold the existing international system.
“I think cooperation between China and the European Union is very impor
tant. And fortunately, that relationship now is in a good direction,” said Solana, who se
rved as the EU’s high representative for common foreign and security policy between 1999 and 2009.
He expected China to play a bigger role in the upcoming Group of 20 summit in Osa
ka, Japan, saying that leaders of major powers should sit down and have productive talks.
He hailed the Belt and Road Initiative, and said it is a good platform for international cooperation.
philosophies to enhance the exchanges and mutual learning of diverse civilizations.
Frederick W. Russell-Rivoallan, a program specialist and head of social and human sciences for UNESCO, hailed the dialogue of Asian civilizations.
“It’s a great way to concentrate in this part of world, but it’s also
a global inspiration – bringing countries together, understanding other cultures, respecting each
other and sharing with each other,” he said. “That’s the way that we can understand each other better and live together better.”
China will extend 1,000-Megabyte broadband connection to more than 300 cities and cut the
average service rates by 15 percent for small and midsized enterprises this year. The measures are desi
gned to achieve multiplying effects of expanding domestic demand, boosting employment and improving people’s lives.
The decision was made at the State Council’s executive meeting chaired by Premier Li Keqiang on May 14.
t in culture and education, attractiveness for foreign investment and consumption scale are also indicators under consideration.
Shanghai has the highest infrastructure and cultural environment indexes, and the financi
al hub’s talent, technological innovation and financing indexes are in the top three of the country.
Although Beijing’s soft environment index ranked first among all Chinese cities, its hard environment index lagged behind
due to restriction of natural resources such as air quality, climate and forest coverage rate, the report said.
With the best hard environment, South China’s Shenzhen also leads on the country’s technological innovation index.
I hope all Asian countries will respect and trust each other, co-exist in harmony, expand cross-border, cross-time-and-space as well as cross-civ
ilization exchanges, and jointly maintain the peaceful time that is more valuable than gold.
Asian people expect Asia of common prosperity
I hope all Asian countries will jointly promote economic globalization that is open, inclusiv
e, balanced, and beneficial to all, and work together to eliminate poverty and backwardness in some countries.
Asian people expect open, integrated Asia
Civilizations will lose vitality if countries go back to isolation and cut themselves off from the rest of the world.
Mutual respect, equal treatment among civilizations stressed
It is foolish to believe that one’s race and civilization are superior to
others, and it is disastrous to willfully reshape or even replace other civilizations.
level, and supported by diverse interest groups will prevent conflicts among stakeholders in the South China Sea,” Santarita said.