urges joint effort上海419品茶微信rospects for Asia

Chinese Preside上海419品茶微信nt Xi Jinping on Saturday urged Asian countries and their partners to join hands in

opening up new prospects for Asian security and development under new circumstances.

Addressing the fifth summit of the Conference on Interactio

n and Confidence Building Measures in Asia (CICA) held in Tajikistan, Xi called on CICA m

embers to uphold the vision of common, comprehensive, cooperative and sustainable security, and explore a regio

nal security structure with Asian features to realize collective security for Asia.

Calling Asia one of the most dynamic and most promising regions in the world, Xi said Asian countries also face common chall

enges including insufficient political mutual trust, imbalanced economic development, and outstanding security and go

vernance issues, and thus there is a long way to go to realize long-lasting peace and shared prosperity.

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Fortunately, a growing number of Chinese high net wort

th investors have started to realize the importance of not putting all their eggs in one basket, said Zi Yu

an, head of investment platforms and solutions at UBS Securities. One solution is to hold dif

ferent currencies to avoid the possible risk of the exchange rate fluctuation of one single currency.

“They are looking at more overseas markets. Different markets sometimes are litt

le connected. For example, the Chinese stock market was really disheartening last year. But if an investor all

ocated his assets in the US stock market or other markets with high yield bonds, the loss in the Chinese stock m

arket will be offset and the stability of the entire investment portfolio will be further consolidated,” he said.

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Pacts set to be signed during Xi’s state visitbal strateg

Pragmatic cooperation, global strategic stability high on Sino-Russian agenda

Beijing and Moscow will sign around 30 cooperation documents d

uring President Xi Jinping’s state visit to Russia next week, including two joint statements on bilateral t

ies as well as on global strategic stability, Vice-Foreign Minister Zhang Hanhui said on Thursday.

Xi will kick off a three-day state visit to Russia on Wednesday at the invitation of Russian President

Vladimir Putin, and attend the 23rd St. Petersburg International Economic Forum to be held between June 6 and June 8.

The two presidents will witness the signing of an array of agreements on business d

eals in areas such as trade, investment and energy, Zhang said at a media briefing in Beijing.

This year marks the 70th anniversary of diplomatic ties between

China and Russia, and Xi’s visit will mark a milestone for both countries, Zhang said.

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General Wei is scheduled to give a speech on China’s se

ecurity cooperation with the international community and will meet heads of several

foreign delegations, Wu said at a news conference in Beijing on Thursday afternoon.

hina’s tech giant Huawei Technologies Co maintained its ranking as the w

orld’s No 2 smartphone vendor, continuing to narr

ow the gap with Samsung, the first on the list, market research company Gartner Inc reported.

With 71.62 million in smartphone sales, the world’s top vendor Sam

sung saw its market share reduce from 20.5 percent to 19.2 percent in the first quarter of this year.

Huawei sold 58.4 million units of smartphones in the same p

eriod, up 44.5 percent year-on-year, the highest growth among the world’s top five.

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However, the temperature now is about 30 C, much hig

higher than in previous years,” she said. “Also, the rainy season is supposed to

begin after the May Day holiday, but I haven’t seen a drop of rain so far.”

Data from the National Climate Center shows that the average rainfall from April 1 to May 17 is 35.3 millim

eters, down almost two-thirds from the same period last year, the least recorded rainfall over that period since 1961.

In addition to the drought, the average temperature is 1.9 C higher than average for the period, the highest since 1961.

Chen, the chief forecaster, said that according to the mid- to long-term forecast ra

infall will relieve drought in the eastern part of Yunnan province, though its western part will still be plagued by the drought.

Surveillance from the National Climate Center shows that

drought is also occurring in the Inner Mongolia and Guangxi Zhuang autonomous regions, as well

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The phone call took place days after the US Commerce Dep

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

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market confidence in outstanding ways and promoted the stab

le growth of the economy, he said, adding that the positive factors for economic growth are increasing.

Noting that the uncertainties in the global economic environment are also rising and there remai

n downward pressures on the domestic economy, Li called for both attention and confidence from the entrepreneurs.

Related departments should follow the guidance of Xi Jinping Though

t on Socialism with Chinese Characteristics for a New Era, invigorate the market thro

ugh deepening reform and opening-up and ensure the stable growth of the economy, Li said.

He said that tax reduction is the key to improving the business environm

ent and invigorating the market, which will not only stabilize growth and employment bu

t also encourage companies to invest more in innovation for long-term development.

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Air tickets, homestays sold out for May Day holiday

A travel rush is expected for the upcoming May Day holiday, a

s air tickets and high-speed railway tickets on multiple routes were sold out, while ho

mestay hotels at destinations including Beijing and Shanghai were fully booked.

While only one week away, the May Day holiday this year is extended to fo

ur days – one day more than last year – and will see a travel craze comparable to that  ty

pically seen during China’s Spring Festival, a traditional holiday for family reunion.

According to Qunar, one of China’s largest online travel agencies, quite a few people chose to take a few days off before or af

ter the May 1 to 4 holiday, so that they can enjoy a journey lasting upwards to nine days.

The travel rush is expected to come as early as April 27, and will reach a climax on April 29 and 30.

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Top economic planner bullish on reaching annual growth

China’s economy, despite headwinds, has enjoyed a good start in the first quarter of 2019, and the country has the confide

nce to achieve the annual projected growth goal, said the country’s top economic planner.

“The first quarter’s stable economic development has laid a solid foundation for the an

nual growth,” said Yuan Da, spokesperson with the National Development and Reform Commission.

“The economy has stayed on the track of steady growth. We have the confidence, conditio

ns and capability to meet the projected targets for economic and social development this year.”

Yuan made the remarks at the NDRC press conference on Thursday in Beijing.

According to data from the National Bureau of Statistics, China’s economy expanded at a faster-than-expected 6.4 perce

nt year-on-year in the first quarter. The growth was unchanged from that in the fourth quarter in 2018.

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The meetings on Thursday and Friday are all part of

f the 8th Summit of Central and Eastern European Countries & China.

At the China-CEEC economy and trade forum before the leaders meeting, Li called for strengthening trade facilitation and exp

anding two-way opening-up of markets. China is willing to expand imports of goods from CEE nations, particu

larly agricultural products that cater to the demand of Chinese consumers, he said. Trade of farm goods, machine

ry and electric devices should be further boosted and logistics sped up between the trading partners, he said.

Li said trade between China and the 16 CEE nations rose by 21 percent to a record high, de

spite a global trade slowdown. China is willing to strengthen cooperation with CEE nations in infrast

ructure based on market rules and following European Union rules and standards, he said.

Li advocated the great potential for trade and economic cooperation between China a

nd the 16 countries. China-CEEC cooperation is a helpful addition to China-EU ties, he said.

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