ery likely so. Only things may not go the way Wash

If they wanted a replay of what happened to ZTE, a Chinese company which relies heavily on outsider

technologies, they may never see it. Because Huawei is a dramatically different kind of business.

The Plan B Huawei has just revealed — a series of self-developed chips — is only part of what makes it an enterprise of strategic insight, and hence resilience. Over

time, that insight has rewarded it with a viable biosphere that its founder Ren Zhengfei believes will enable it to weat

her the storm. “Our growth may drop a bit in the wake of US restrictions, but negative growth is impossible,” said a confident Ren during a Tuesday inter

view with Chinese media, adding that Huawei has cultivated longstanding trust with industry partners.

That may be why, even after Google barred Huawei from some Android featur

es, Ren spoke highly of the Silicon Valley giant, praising it as a “good company”. That may

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Data from the US Census Bureau showed that bilater

eral merchandise trade between the two

countries has declined by more

than 15 percent since September 2018, when the second round of tariffs went into effect.

“This has also impacted global value

chains in East Asia and other trading partners,” the report said.

“We’ve seen the trade tariffs that have

been introduced on both sides have already been damaging trade,” said Dawn Holl

and, chief of the Global Economic

Monitoring Branch in the UN Department of Economic and Social Affairs.

Holland said the adverse effects of trade tensions on economic growth in China “has been partly offset by some stimulus measures”.

According to the report, growth in China is projected to moderate gradually from 6.6 percent in 2018 to 6.3 percent in 2019, and 6.2 percent in 2020.

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he Ya’an-Nyingchi section is believed to be one of the

 world’s most challenging railway projects to build, as it will traverse the southeast

portion of the Qinghai-Tibet Plateau, which has intricate and difficult geological conditions.

Previous reports said that 80 percent of the Sichuan-Tibet Railway will

consist of tunnels and bridges, and the cumulative ascent of the line will exceed 16,000 me

ters, which is equivalent to double the height of Qomolangma, the world’s highest mountain also known as Mount Everest.

When the line is completed, the travel time by rail between Chengdu and Lhasa will shorten f

rom 48 hours to about 13 hours.hina’s national railway operator has on Wednesday added a new function to h

elp people buy tickets on the booking site 12306.cn and its related app, the Beijing News reported.

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A recent report by the Beijing Municipal Education

 Commission said that more than 231,000 college students graduated from universities in

Beijing last year, but 37.5 percent of employed graduates chose to work outside the capital.

A female college student surnamed Zhang said that she chose to w

ork in Wuhan, Hubei province, after graduating from Tsinghua University in June, 2018.

“The biggest reason driving me away from Beijing was the living cost,” she said. “Tho

ugh I can earn 8,000 ($1,160) or even 10,000 yuan a month in Beijing, the rent may cost me 3,000 yuan or more ea

ch month, let alone other expenses such as meals, transportation and getting together with friends.”

In contrast, some so-called new first-tier cities like Chengdu, Sichua

n province; Hangzhou, Zhejiang province; and Wuhan have sprung up as new at

tractions to college graduates for their cheaper living costs and preferential policies to newcomers.

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In 2015, World Animal Protection developed an initiati

ive, calling for animal-friendly tours and for tour operators worldwide to keep wild animals in

the wild where they belong. It gained support from many travel agencies. By the end of last year, mo

re than 200 companies have removed the wildlife-related entertainment services, such as elephant rides.

Although some travelers are still not fully aware of the concept of animal-friendly tra

vel, the research reveals that 90 percent of them think the concept should be widely promoted.

Having visited the Antarctic more than 30 times, Zhao Xin, an experienced tour guide from Beiji

ng Caissa International Travel Service, said education on wildlife protection before such a tour is important.

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hina’s ‘big three’ State-run airlines ask Boeing for compen

Air China, the country’s leading carrier, has formally requested compensation from Boeing Co for th

e grounding of its 15 737 MAX aircraft and delayed deliveries of future planes, the company said Wednesday.

China Southern Airlines, another of China’s “big three” State-run

carriers, has also officially asked the US aircraft-maker for compensation involving its 24 gro

unded MAX aircraft and postponed deliveries of such planes, CCTV reported the same day.

Shanghai-based China Eastern Airlines had already sought compensa

tion from Boeing for incurring considerable losses after the grounding of the 737 MAX aircr

aft following two major crashes, according to a previous China Daily report citing People’s Daily.

The carrier filed a claim against Boeing for the losses caused by 14 suspensions of 737 MAX ai

rcraft since March 11 and delayed delivery of the models it had booked earlier, the report said.

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Faced with deep-rooted structural weakness, several large

eral large developing countries are struggling to recover from recessions or remain trapped on a low growth path.

The report highlights that per capita income growth in several parts of Africa, western Asia, L

atin America and the Caribbean is expected to remain very weak in the outlook period. That poses ad

ditional challenges for the Sustainable Development Goals, including the goal to universally eradicate poverty by 2030.

The report further notes that while poverty remains predominantly

rural, further progress on poverty-reduction also hinges on the effective management of o

ngoing urbanization. That is particularly relevant for Africa and South Asia, the two regions with the highest num

ber of people in poverty, which are expected to experience the most rapid pace of urbanization in the next two decades.

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ate interests, heed its people’s will and safeguard the basic

The two countries should follow the direction set by their heads of state, manage d

ifferences on the basis of mutual respect and expand cooperation on the basis of mutual benefit, he added.

Ren Zhengfei, founder and CEO of Huawei, told the Nikkei Asian Review on Satu

rday that the company has not done anything that violates the law, and the ban will have a limited impact on its business.

However, Xiang Ligang, director-general of the telecom industry association Informat

ion Consumption Alliance, said the US ban will disrupt the global electronics industry, given the size of Hu

awei as the world’s largest telecom equipment maker and the second-largest smartphone vendor.

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it its lowest level since November. Trade talks betw

ween China and the United States recently faltered and a large amount of additional tariffs are expected to be imposed on imports from both sides.

China will take necessary measures, in response to foreign exchange market flu

ctuations, including using a strengthened risk management system, said Pan.

He also stressed that authorities would crack down on illegal activities in foreign exchange trading.

“China has sufficient policy tools,” said Pan, who is also director of th

e State Administration of Foreign Exchange, the country’s foreign exchange regulator.

The PBOC vice-governor also confirmed on Sunday that China will continually implement

opening-up policies and improve the environment for overseas investors and protect the legal rights of foreign investors.

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Zhang Dawei, chief analyst with Centaline Property, sai

id the main reason behind this is the real estate market in some cities is at risk of going out of control, and the land market shows signs of overheating.

China’s house prices continued to stabilize despite slight increa

ses in April, according to the National Bureau of Statistics. Sixty-seven out of the 70 major Chi

nese cities saw an increase in the number of newly built homes that were sold in April.

On a month-on-month basis, new home prices in Dalian and Nanning rose 0.7 percent and 0.9 percent, re

spectively. On a year-on-year basis, new house prices in these cities grew 13.2 percent and 11.5 percent, respectively.

Although excluded from the 70 major Chinese cities surveyed by the N

ational Bureau of Statistics, Foshan and Suzhou also saw a surge in home prices in April.

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