President stresses AI’s role in growthows the venue of Intellig

hina attaches great importance to innovative development, and it

considers new generation artificial intelligence as the driving force for scientific and technolo

gical development, industrial optimization and upgrading as well as major productivity improvements while it s

trives to achieve high-quality development, President Xi Jinping said on Thursday.

Xi made the remark in a congratulatory letter to the World Intelligence Congress, which opened in Tianjin.

The president noted that AI is having a significant and far-reaching impact on economic development, social progress and gl

obal governance. He expressed hope that participants at this third congress strengthen exchanges, enhance con

sensus and step up cooperation to promote the healthy development of new-generation AI.

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Asked whether China will retaliate by targeting certain US co

 companies, Lu said that as for foreign enterprises operating in Chi

na, there is no need for them to worry as long as their businesses are law-abiding.

S President Donald Trump issued an executive order on Wednesd

ay in which he declared a national economic emergency and banned the technology and

services of “foreign adversaries” deemed to pose “unacceptable risks” to US national security.

The US intention is so obvious that media outlets around the world have without exception interpr

eted this as targeting Huawei, by excluding the Chinese telecommunications giant from US networks.

Washington has repeatedly claimed that Huawei’s equipment poses a security threat, but for all the sound and fury, it sign

ifies nothing, as it has never produced any credible evidence, indeed any evidence at all.

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Mired in Brexit deadlock and forced to delay Britain’s M

 March 29 exit from the EU, May’s Conservatives suffered major losses in local election

s this month and are trailing in opinion polls before May 23 European Parliament elections.

With Labour and Brexit-supporting rebels in the Conservatives p

lanning to vote against her deal, it is unlikely to be approved as things stand.

Pro-Brexit Conservative lawmakers were unimpressed with May’s failure to set a firm date to quit. One, who declined to be na

med, described it as “yet further procrastination which is causing appalling damage to the Conservative Party.”

Another, Andrew Bridgen, said May was “an increasingly beleaguered and isolated prim

e minister who is desperate to salvage something from her premiership and is prepared to drive thro

ugh an agreement that would fatally hamstring any future prime minister in negotiations with the EU.”

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Pei was born in Guangzhou and raised in Hong Kong and

anghai, before moving to the US in 1935. He studied at the Massachusetts Institute of Technology and Harvard’s design s

chool, and spent the early years of his career designing buildings for a real estate developer in New York.

Pei is known for his affection towards precise geometry and design details. He also ha

d a strong reverence for light, as shown in the famous pyramid of the Louvre Museum.

His significant works include the Jacob K Javits Convention Center in Manhattan (1979 to 1986), the Morto

n H Meyerson Symphony Center in Dallas (1982 to 1989), the Bank of China Tower in Hong K

ong (1982 to 1989), and the Museum of Islamic Art in Doha, Qatar (2003 to 2008).

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hina promises to counter US tariffsay urged tes to c

China’s Ministry of Commerce on Thursday urged the United States to correct its use of tariffs, and vo

wed to take necessary countermeasures if the US’ new tariff plan targeting $300 billion in Chinese imports takes effect.

The US government’s bullying behavior and maximum pressure regime on China violate mu

ltilateral trade rules, ministry spokesman Gao Feng said at a regular news conference.

The office of the United States Trade Representative proposed to take further action by imposing 25 percent of addition

al tariffs on Chinese imports with an annual trade value of approximately $300 billion. The USTR is seek

ing comment and will hold a public hearing regarding the proposed modification on June 17.

Gao said the impact of US tariffs imposed on Chinese products starting last year was “completely controllable.”

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The idea of setting up such a museum came to Kang wh

en he visited a museum of broken relationships in Chengdu, capita

l of Southwest China’s Sichuan province, with two friends in January. They tho

ught it would be a good thing for Taiyuan to have a place for people to bury souvenirs from a failed relationship.

They acted fast and opened the museum after three months’ preparation.

The world’s first museum of broken relationships was founded in Croatia in 2006 by two artists, who

ended their four-year relationship and got the idea of setting up a museum to house their leftover personal items.

China has several museums of broken relationships now, in Nanjing, Chen

gdu, Xi’an, Wuhan, Beijing, Chongqing, Jinan, Harbin, Changsha, Guangzhou and Changchun.

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The move followed a State Council decision in April to es

tablish a policy framework for applying a fairly low RRR for small and medium-

sized banks in a bid to lower financing costs for MSEs.

Home prices in 70 major Chinese cities continued to stabilize despite slight increases in April, official data showed Thursday.

New home prices in four first-tier cities — Beijing, Shanghai, Shenzhen and Guangzhou — increased 0.6 percent month

on month in April, up from the 0.2-percent increase in March, said the National Bureau of Statistics (NBS) in a statement.

New home prices climbed 0.8 percent in 31 second-tier cities, and rose 0.5 percent in 35 third-tier cities.

As for resold homes, prices in the four first-tier cities reported a 0.4-percent growth mo

nth on month, while those in 31 second-tier cities went up 0.6 percent, narrowing from the 1.2-percent increase in March.

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I’m excited about the Asian cuisine festival,” said Li Jingy

n, who came to the main venue of the festival on Thursday with four friends.

“We went to Thailand for a vacation last month. The beautiful sunshine and beaches there

are enchanting,” the 54-year-old Beijing native said. “Now, we have a second chance to experience its food.”

Yang Lin, 26, who described herself as a foodie, also went to t

he gala. “I love Korean food most, except for Chi

nese cuisine, and I’m happy that Beijing is holding such a big food exhibition.”

Xu Hejian, a Beijing official in charge of the event, said visitors can see how Asian food i

s made at the venue and sample various cuisines made by more than 200 food enterprises.

Wuyutai Tea is one of the companies.It’s a good opportunity for the younger generati

on to learn more about traditional Chinese delicacies and desserts,” said Chen Huaji, an employee. “Tea is

quite an important element of Chinese culture, and the exhibition offers a stage to show off the essence of Chinese food and Chinese culture.”

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Wang stressed if one side is trying to place extreme press

extreme pressure on the other, it will cause a legitimate counterattack.

“The measures from us are not only to safeguard China’s own rights, b

ut to protect the basic rules of the current multilateral trading mechanism,” Wang said.

Wang made the remark in a joint news conference with his Russian

counterpart Sergei Lavrov during his visit to the Black Sea coastal city of Sochi.

Experts warned that the rising US tariffs on Chinese imports risks a full-blown trade war, which will bring harm to both sides.

Major Wall Street stock indexes declined more than 2 percent on Monday, followi

ng China’s announcement of countermeasures in response to Washington’s latest tariff move.

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the WTO is for the benefit of the public, not a tool for par

embers. If its members cannot reform the architecture and resolve the key issues, they may all end up in various regional groups.

“Many bilateral tensions or challenges countries are facing today requir

e a multilateral response, and WTO reform is definitely needed, especially in the area

s of trade and investment,” said Xue Rongjiu, deputy director of the Beijing-based China Society for WTO Studies.

Chen Fengying, a senior economics researcher at the China Institutes of Contemporary Internationa

l Relations, said the US government seems to have made driving WTO reform its priority so that the country can claim the high gr

ound in global trade and lead the process for making new rules and establishing a new global trading system.

This move poses a challenge to the WTO and its basic principles including that of most favored nation status and national treatment, she said.

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