Pompeo said in an interview with CNBC that, “We’ve been

working at the State Department to make sure that everyone understands the risks.”

“Recently, some US politicians have repeatedly made rumors about Huawei but canno

t provide any evidence that other countries have requested,” Lu told a daily news conference.

He noted that the US public is having more and more doubts over the market turbulen

ce and undermined industrial cooperation caused by the trade war and technology war initiated by the US.

“So some US politicians have continually created rumors, tr

ying to mislead the public and stir up ideological opposition, which is illogical,” Lu said.

Ideological differences do not necessarily impede tra

de, industrial and technological cooperation between countries, he said.

daochuwan.cn

The US’ trade deficit stems from its extremely low natio

nal savings rate and has to be compensated by other countries’ national savings, which in tu

rn adds to the trade deficit. On the other hand, China’s efficiency in the manufacturing industry makes it a lar

ge exporter of manufactured goods to the US and helps it sustain its high savings rate.

A high growth rate means higher trade deficit for US

Given that the US economy is driven by domestic demand, consumpt

ion in particular, instead of exports, a high rate of ec

onomic growth will widen the trade deficit, as it would have to import more products than it exports. In such a sit

uation, the implementation of large-scale infrastructure construction projects would further increase the trade deficit.

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Reflecting China’s increasing global footprint, the next

 decade is likely to be driven by greater global financial sector integration,” said Alfred Schip

ke, the International Monetary Fund’s senior resident representative for China.

Chinese students are increasingly diversifying their choices of destinations for overseas stud

ies, with more students choosing to go to the United Kingdom, Australia and Canada, a new report showed.

In a multiple choice survey for the annual Report on Chinese Students’ Overseas Study, released

on Tuesday, while the United States remains the most popular destination for overseas study this year, pref

erred by 43 percent of the respondents, this was down by 8 percentage points compared with 2015.

US dominance looks uncertain as the number of students inclined to study in the UK r

ose sharply in 2019, accounting for 41 percent, up 9 percentage points compared with 2015.

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President hails Nepal’s participation in BRIing holds a w

China and Nepal should strengthen cooperation on infrastr

ucture construction and continue to promote the construction of the China-Nepal c

ross-border economic cooperation zone, President Xi Jinping said in Beijing on Monday.

Xi made the remark during his meeting with his Nepali counterpart, Bidhya Devi Bhandari, who is on a nine-day state visit to China.

China greatly values its ties with Nepal, and supports Nepal in maintaining its national independence, state sovereignty and te

rritorial integrity as well as exploring a path of development that suits its national conditions, Xi said.

Also, China appreciates Nepal’s firm and long-standing support over issues related to China’s core inte

rests and major concerns and its active participation in jointly building the Belt and Road, Xi s

aid. He added that China will continue to support Nepal’s economic and social development.

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The meeting highlighted the importance of implementi

ting the spirit of December’s Central Economic Work Conference.

Macro policies should be stable, micro policies should be flexible and social policies should guarantee the basic needs of the grassroots

people, the statement said. Macro policies should focus on promoting high-quality growth and stimulating market vitality.

The importance of manufacturing’s high-quality development in stabilizing economic growt

h was stressed. Traditional industries should be guided to upgrade, and new industries should grow stronger.

The development of small and medium-sized companies and private businesses should be supported through measures like s

peeding up the supply-side structural reform of finance and providing better loan services, the stat

ement said. It also reaffirmed that houses should be used for living rather than for profit.

Reform should be further deepened and opening-up boosted, and forei

gn capital should have bigger access to the Chinese market. Poverty reduction is a key meas

ure of building a moderately prosperous society in all respects, which must be achieved by the end of next y

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Taylor said the US will ultimately “pay the price for

this”, in the form of an incomplete and inaccurate understanding of China by barring scholars wh

o have great familiarity with US politics and policymaking and have the ear of Chinese officials.

Douglas H. Paal, vice-president of the Asia Program at the Carn

egie Endowment for International Peace, said it appears that the scholars who best unders

tand the US and communicate well with China’s leaders are being denied visas or threatened with denial.

“I don’t see how this is in America’s interest,” Paal said.

Some US media have mentioned that China also denies visas to

US academics, but Taylor and Paal said that has not been

their experience when applying for Chinese visas to visit China for academic exchanges.

In a news conference on Thursday, when asked if China rejected a visa application fr

om an adviser to US President Donald Trump, Foreign Ministry spokesman Lu Kang

said Chinese embassies and consulates overseas always handle visa applications according to law.

China welcomes cultural exchanges between China and the US an

d will actively promote mutual understanding between the two countries, Lu said.

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Employees have been working according to the che

edule in some companies, including some well-known internet enterprises. Earlier this year, Youzan, an e-commerce compa

ny based in Hangzhou, Zhejiang province, triggered controversy by introducing the “996” schedule in its annua

l meeting. The move even prompted the labor authorities to conduct an investigation against Youzan.

Workers have been working overtime in many industries for yea

rs. But now, many programmers in internet companies are opposing the “996” schedu

le because the extra work does not come with any compensation or bonus. To reduce the labor cost, many high-tech and int

ernet companies are laying off workers. That means, there are fewer people left to shoulder the extra work. Tha

t’s a reason why the overloaded IT programmers have now burst out with complaints.

Alibaba chairman Jack Ma has said that only by working harder

and longer than others can an employee achieve success in life. He h

as also said that those who want to join Alibaba should be prepared to work for 12-hour work a day. This not only goe

s against the Labor Law but also violates the rights and interests of the employers, and could harm their health.

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The panda house at the Copenhagen Zoo, designed by

 Danish architectural firm Bjarke Ingels Group, is inspired by the Chinese yin and yang symbol. The facility allows the male and fe

male pandas to live apart most of the year, yet in proximity and with easy access to a common area when the female is in heat.

Copenhagen Zoo CEO Jorgen Nielsen hailed the impending

arrival of the two pandas as one of the biggest events in the zoo’s 160-year history.

China’s Belt and Road Initiative, proposed by President Xi Jin

ping nearly six years ago, has made practical progress, with 125 countries and 29 inter

national organizations having signed 173 cooperation agreements under the initiative framework as of March 27.

Under the initiative’s five cooperation priorities of policy coordination, facilities connectivity, unimpeded trade, finan

cial integration and people-to-people bond, there are a batch of projects, such as transportation const

ruction and industrial infrastructure, in full swing or already having yielded fruitful results.

Here are some of the amazing projects achieved worldwide under the initiative.

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Mei Xinyu, a researcher at the International Trad

The trouble that Boeing has encountered, albeit because of its own irresponsible practices tow

ard the safety of passengers and aircraft, has helped its main competitor Airbus to grab so

me orders to supply new aircraft. Airbus’ gain and Boeing’s loss in stock market since the Ethiopian Airlines plane crash on March 10 re

flects a duopoly market’s sentiment, and demand and supply relations. Yet it would be too farfetched, as well as in

humane, to say Boeing’s loss would benefit China, which lost eight of its nationals in the Ethiopian Airlines crash.

Nonetheless, the plane crash could help end the world’s obsession with

aerospace giants. Which in turn could indirectly benefit China-but decades later when its aer

ospace industry becomes mature enough to compete with Airbus and Boeing and grab a slice of the market fro

m them. Also, China should learn a lesson from the 737 Max crash to focus more on passengers’ safety.

What China should do now is to cultivate more talents who specialize in aviation and aircraft manufacturing, by deepe

ning its education reform. The road ahead is as bumpy as, maybe bumpier than, that for Boeing and Airbus given t

e US-led West’s increasing wariness with China and attempts to contain its peaceful rise.

ecimy.cn

What really matters is what the initiative is all about and

 how the cooperation it has been bringing about can benefit those countries and regions involved and the world economy at large.

Being proposed by China, it is natural that China should have taken the lead in advancing the

Belt and Road, but it has always sought to make clear that the initiative is open and inclusive.

With more countries and international organizations getting involved, the initiative will undoubted

ly become a bigger and more diversified platform with increasing opportunities for multilateral cooperation.

Those who continue to speak ill of it, rather than presenting an obst

acle to it, actually do it a service by highlighting its possible shortcomings and the diffi

culties it may encounter ahead, which will better help the participants address them.

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