US President Donald Trump, in the name of “national sec

urity”, signed an executive order on May 15 that led the US Department of Commerce to put Huawei and its affilia

tes on an Entity List, which would restrict the sale or transfer of US technologies to the company.

Craig Allen, president of the council, said many of its members are suppliers to Huaw

ei, and all of them have been impacted by the Department of Commerce’s move.

Founded in 1973, the council represents around 200 US companie

s doing business with China, including Apple and Microsoft. It also includes chipmakers Inte

l and Qualcomm, which have said they would stop offering supplies to Huawei until further notice.

The members will follow US law, but there is a cost associated with that, Allen told China Daily.

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The visit will further display the strength of bilateral tie

ties, which are developing “very good” momentum both politically and econom

ically, said Ruan Zongze, vice-president of the China Institute of International Studies.

Trade between the two countries “made a major breakthrough” and exceeded $100 billion in 2018, and the two permanent mem

bers of the United Nations Security Council have been coordinating closely on major international issues, Ruan said.

This year marks the 70th anniversary of the establishment of bilateral ties, which are said to have reached their best level in history.

Also, the attendance of the two countries’ leaders at each other’s internat

ional forums shows both sides’ support for an open global economy, Ruan added.

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Multiple channels needed to keep job market healthy

The Chinese government has accorded priority to achieving stable and expanding employment

among its six stabilization tasks. The importance of stable employment has also been highligh

ted in this year’s Government Work Report. And the State Council, China’s Cabinet, recently established the Emp

loyment Work Leading Group headed by Vice-Premier Hu Chunhua to deal with employment issues.

The government is making special efforts to stabilize and expand employment, especially be

cause of the intensifying Sino-US trade dispute and the increasing uncertainties in international trade.

The China Institute for Employment Research of Renmin University

of China has calculated the employment market index, which shows the health of th

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The currency’s depreciation was purely caused by mark

et forces, and China has never taken any measures to deliberately devalue the currency to make its exports more at

tractive, said Guo, who is also head of the China Banking and Insurance Regulatory Commission.

According to Guo, the short-term fluctuation of the RMB exchan

ge rate was normal, and the depreciation will not last long given the stable economic growth base.

“Any speculative activities to short the RMB will suffer huge losses,” he warned.

The RMB’s daily trading reference, or the central parity for onshore trading, has been stabilized arou

nd 6.89 per dollar for eight days from May 20, and market watchers said market-oriented depreciation pressure was losing steam.

Yi Gang, the central bank governor, has said several times that the PBOC has ceased

direct intervention in foreign exchange markets, and the performance of RMB is address

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Issoufou attended the Beijing Summit of the FOCAC in S

September. The two countries should continue to understand, trust an

d support each other on issues related to core interests and major concerns, Xi sa

id, adding that the two sides should share more experiences on governance and development. Xi called on the two nat

ions to enhance connections under the frameworks of the Belt and Road Initiative and FOCAC.

China will continue to support Niger to fight terrorism and safeguard regional peace and stabilit

y, Xi said. China would like to help Niger improve its people’s livelihood through such measures as m

edical assistance and via exchanges in areas including culture, youth, women and think tanks.

Mutual understanding between the people of both nations should also

be promoted, Xi said. He stressed that as long as all countries stick to the dev

elopment paths that suit their own national situations, make joint efforts to build the Belt and Road and remain dedi

cated to fulfilling the goal of building a community with a shared future for mankind, they will definitely achieve success.

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The country will allow overseas investors to trade more

types of onshore commodity futures contracts without registering a Chinese entity, and will continuously improve the relate

d rules, Lu Dongsheng, an official with the China Securities Regulatory Commission, told a forum on Tuesday

Lu also announced other measures to develop China’s commodity fut

ures market, such as accelerating the launch of ricThe Shanghai Futures Exchange will open

up its nonferrous metals futures contracts to foreign investors, Jiang Yan, Party secretary of the exchange, said at the s

ame forum. The bourGuo Shuqing, head of the China Banking and Insurance Regulatory Commissiose will also list a n

ew type of futures contract, TSR20 Rubber, which will be available to both domestic and foreign investors, he sai

d.Lu also announced other measures to develop China’s commodity futures market, such as accelerating the launch of

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video of Liu competing in an international English spee

ech competition in 1996 in London was sent around Chinese social media, the US website qz.com reported.

“While the Western world views Liu as an unapologetic champion of China’s agenda, many mai

nland citizens regard her as a national heroine defending her country from hostile foreign influences,” Newsweek reported.

On Monday, Regan tweeted: “I look forward to hosting Ms Liu – in a FIRST OF ITS KIND debate on trade – LIVE from Beijing & New York.”

Beijing on Wednesday set up a 5 billion yuan ($724 million) fund to spur development of the fift

h-generation or 5G mobile technology industry, its latest effort to gain an edge in the commercialization of 5G tech.

The fund was established jointly by the Beijing Science and Technology Innovation Investment Management Co Ltd, Beijing

Yizhuang International Investment and Development Co Ltd and State-owned China Jianyin Investment Lt

d. It will focus on investing in leading high-tech firms across the entire 5G industrial chain.

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China you picked the wrong fight!” Regan tweeted on

On May 22, on her own program, The Point With Liu Xin, Liu a top anchor on the English-languag

e channel of CGTN, said the $600 billion figure is an estimate by a nonprofit organization that had not been verified.

Liu said it refers to the US’ possible IP loss to the world in a year, according to the organization’s report, China Daily reported.

She said Regan’s points were “all emotion” with “little substance”.

Regan responded on Twitter: “Hey #China State TV – let’s have an HONEST debate on #trade. You

accuse me of being ’emotional’ and not knowing my facts – wrong! You name the time and place, and I’ll be there!”

In accepting the challenge, Liu wrote on Twitter: “My name is not #China State TV. It’s LIU Xin and ple

ase, feel free to call me Xin. … But I don’t want to play any mud throwing game, if that’s what you prepare to do.”

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hile the United Kingdom remains deeply divided over Br

ded over Brexit, most agree that it will shape the future of the United Kingdom for generations to come.

Pro-Europeans fear Brexit will undermine London’s position as one of the world’s top two financial capitals and weake

n the West as it grapples with Donald Trump’s unpredictable US presidency and growing assertiveness from Russia and China.

The Liberal Democrats, who campaigned under the slogan “Bollocks to Brexit”, oppose Brexit and want a second referendum to stop it.

The loss of Britain for the EU is the biggest blow yet to more than 60

years of efforts to forge European unity after two world wars, though the 27 other me

mbers of the bloc have shown surprising unity during the tortuous negotiations.

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The results of the elections for the European Parliame

nt are broadly in line with expectations. Although pro-European Union parties have won a majori

ty of the seats, the EP is more fragmented than before with traditional center-right and center-left par

ties losing seats to Liberals and Greens, and Euroskeptic parties increasing their vote share. This is likely to

make it more difficult for the EU to agree new trade deals and choose new leaders for EU institutions.

The heads of government of EU states met on Tuesday to discuss who will fill the top jobs.

The new EP and the EU leadership face a difficult international environment, especially on th

e trade front. The United States administration, already engaged in a tariff war with China, has its sights on the

EU as well, describing the bloc as “a foe”. The US has imposed 25 percent tariffs on European steel and aluminum an

d threatened to slap similar tariffs on European cars unless the EU opens up its agricultural market.

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