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 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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The ministry made the remarks after the United States gover

nment late last week ordered its tech companies to cut ties with China’s

Huawei and put a number of Chinese comp

anies on an export blacklist , which makes it almost impossible for listed companies to purchase US-made goods.

Gao Feng, ministry spokesman, said China will

provide consumers in various countries with quality, reliable and diverse products.

The Chinese government is confident it will protect the legitimate

rights and interests of Chinese companies, he said Thursday at a news conference.

The misuse of the state power by the US to suppress Chinese companies not only seriously undermines the commercial cooper

ation between companies on both sides, but poses a serious threat to the safety of the global industrial chain, he said.

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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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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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Huawei said in a statement on Thursday that restricting t

 company from doing business in the US will not make the US more secure or stronger.

“Instead, this will only serve to limit the US to inferior, yet more expensive alternatives, leav

ing it lagging behind in 5G deployment and eventually harming the interests of US companies and consumers.”

The company said it is ready and willing to engage with the US government to come up with effective measures to ensure product security.

In response to the ban on Huawei buying parts from US companies, the company said such a deci

sion will “do significant economic harm to the US companies with which Huawei does business, affect tens of t

housands of US jobs and disrupt the current collaboration and mutual trust that exist in the global supply chain”.

Wang Peng, deputy head of the China Center for Information Industry Development, said the new US moves will disrupt the whole global electronics in

ustry and hurt a string of US companies that supply chips and other components to Huawei.

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The collaboration aims to make areas along the initi

ative safer, more sustainable and disaster-proof, according

to the declaration published during the two-day International Conference on Silk-road Disa

ster Risk Reduction and Development, which concluded in Beijing on Sunday.

Sunday marked China’s 11th National Disaster Prevention and Reducti

on Day, an annual event which began in 2009 after a devastating earthquake hit Sich

uan and neighboring provinces on May 12, 2008, leaving over 87,000 dead or missing.

More than 700 scientists from around 40 countries, regions and international organizations supported the declaration. It reco

mmended actions including data-sharing, investing in disaster risk reduction technologies and in

frastructure, and jointly enhancing disaster preparedness and response protocols.

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With 1,000 days to go before the 2022 Winter Olympic

 preparations are well underway for a successful and sustainable event.

Built for the 2008 Summer Games, Olympic Park in Beijing’s no

rthern downtown area entered the spotlight again on Friday as the country began its cou

ntdown. The 2022 Winter Olympics, will be held in Beijing and co-host Zhangjiakou in adjacent Hebei province.

As the symbolic “1,000” flashed on a digital clock on the park’s Linglong Tow

er, a broadcasting facility for the 2008 Games, expectations were heightened f

or the winter sports extravaganza, which will run from Feb 4 to 20 in 2022. Three zones will feature ath

letic events — downtown Beijing, the city’s northwest Yanqing district and Zhangjiakou’s mountain district Chongli.

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Three years ago, Zhao read about a hover surfboard i

 Canada, and that was when his “flying motorbike” fantasy became more of a reality.

Despite his enthusiasm, Zhao’s road to success was by no means smooth. He experienced c

ountless failures while trying to make the manned aircraft airborne during 1,559 flight tests. Zhao eve

n had to sell his apartment and borrow money from friends in order to continue his project.

He named the drone Jindouyun, or “Magic Cloud”, which was a flying cloud used

by fictional superhero Monkey King, a character from the Chinese classic Journey to the West.

He claims the lithium-battery-powered scooter can spend up to 30

minutes in the air, has a top speed of 72 kilometers per hour and can reach a height of 3,000 meters.

Zhao believed that the manned drone could prove to be an effectiv

e solution to ease traffic congestion, as well as for use by the fire departments or security forces.

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A purported doctor who goes by the alias Dahanc

chengxiang recently wrote a WeChat article saying he often encountered patients who fell for the fake adverti

sements, wasted money and treatment time and thus missed the opportunity to be cured.

The netizen also strongly opposed Li’s nomination shortly after the announce

ment, saying in an article that Li was morally unqualified because of Baidu’s insufficient regulation of adver

tising. The article went viral on social media but was removed over complains of libel by Baidu.

Li would not be the first controversial engineer to become an acade

mician, which carries perks such as stipends and medical se

rvices. In 2011, the public was outraged when Xie Jianping, a chemical engineer who created less harmful to

bacco products, became an academician of the Chinese Academy of Engineering.

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