Footwear makers: cut and run from tariffsrtment at the

US sneaker giant Nike and fancy shoemaker Allen Edmonds have joined the chorus of busines

s groups calling for the White House to hit the brakes on its move to raise duties on Chinese shoes an

d other products, further challenging President Donald Trump’s claim that China is paying for the tariffs.

A week after Trump threatened to impose tariffs on the remaining $300 billion of goods imported from Chi

na, more than 100 American shoe and sneaker companies, brands and retailers signed an open letter to the president saying the p

olicy “would be catastrophic” for consumers, businesses and the US economy.

“Your proposal to add tariffs on all imports from China is ask

ing the American consumer to foot the bill,” said the letter, dated on Monday and signed by

the companies. It was posted on the website of the Footwear Distributors and Retailers of America (FDRA).

www.tsinghuagxbedu.cn

Chinese exporters have from 20 to 50 percent of the

 US market in other low-value-added markets, plus electrical machinery and equipment, mechanical

appliances, and iron and steel. In most other categories, China has less than 20 percent of the US market.

China also assembles and then exports a lot of phones, computers and other gadgets to the US. But, most of the profits and

wages go to Japanese or South Korean component producers or US-based designers. For example, China ma

kes less than $9 from each iPhone. The total price of a phone is ridiculously counted as a Chinese export to the US.

It’s a good thing that China is no longer a low-wage country. Most Chinese

are much better off than they were even 10 years ago. But it does mean that these lo

w-skilled, labor-intensive industries will be moving to less-developed nations. US tariffs on such products will only se

rve to hasten the transition to higher value-added industries that China has to make anyway.

www.shoppingfair.org

Bioethics experts call for more oversightand

Four leading ethics scholars in China are urging government authorities to intensify their supervision over scientific resea

rch to reduce the chances of unethical use of biomedical technologies involving gene editing and stem cells.

The appeal, published in the journal Nature on Wednesday, referen

ced a major ethical scandal in November, when a Chinese scientist announced he had pro

duced the world’s first twin human babies whose genes were altered to make them immune to HIV.

Hundreds of Chinese scientists voiced opposition and questioned the safety and effectivene

ss of the procedure following the announcement by He Jiankui, 35, who was an associate professor at So

uthern University of Science and Technology in Shenzhen, Guangdong province.

ozsnl.cn

address Conference on Dialogue of Asian Civilizations

 President Xi Jinping will deliver a keynote speech at the opening ceremony of the Conferen

ce on Dialogue of Asian Civilizations to be held on May 15 in Beijing, a senior official said Thursday.

Xu Lin, deputy head of the Publicity Department of the Communist Party of China Cen

tral Committee and director of the State Council Information Office, made the announcement at a press conference.

Under the theme of “exchanges and mutual learning among Asian civilizations and a community with a shared futu

re,” the conference includes an opening ceremony and sub-forums, said Xu, also vice president of the event’s executive committee.

More than 2,000 government officials and representatives of various circles from 47 Asia

n countries and other countries outside the region will attend the opening ceremony and forums, said Xu.

A grand Asian culture carnival, an Asian civilization week, and an Asian food festival will also be held during the event.

www.asrunde.cn

Ahmed Hassan Alhammadi, manager of the United Arab

Emirates Pavilion, hasn’t had time yet to visit the China Pavilion as he has been busy with his own pavilion.

“We will have more time later to have a walk in the park, and the China Pavilion will be our first stop for sure,” he said.

The International Pavilion, a venue for international horticultural exhibitions and competitions duri

ng the expo, has a public space with an overhang made of 94 structures representing flowers and umbrellas.

As the exhibition will also be held during the hottest days of the Beijing summer, these o

verhead structures will help reduce muggy conditions for crowds waiting in line for entry.

Using sustainable technologies, including natural ventilation, solar photovoltaics and rainw

ater recycling, the International Pavilion is also a green building with low energy consumption.

nqlbn.cn

The most recent incident was Saturday in Jinjiang, Fujian

when the late Qing Dynasty residence of Wu Lu, the province’s last zhuangyuan (top scorer on imperial examinations), was damaged.

Fire this year also destroyed a bridge dating from four centuries ago in Nanping, Fuji

an, a Qing Dynasty residence in Wenzhou, Zhejiang, and an office structure from the 1930s in Fuzhou, Jiangxi.

The operators of the sites hit by fire will be responsible for the dam

age, said the heritage administration. “Electrical faults and loose supervision over the use of fire

during renovation are the main reasons” for the damage, the administration’s statement said.

Though the fire at Notre Dame is under investigation, Frenc

h officials said they suspect its source might have been related to restoration work on the cathedral.

9319888.org.cn

Ardern met with Premier Li Keqiang on Monday morn

ing, and the two witnessed the signing of four cooperative documents to pr

omote cooperation in tax issues, agriculture, finance and science at a signing cer

emony. A joint declaration on climate change was also released after their meeting.

Zhao Jianglin, a researcher of Asia-Pacific economic studies at the Chinese Academy of Social Sciences, said the visit by Ardern

will provide a timely boost to China-New Zealand relations after the dispute over the use of Chinese telecom equipment.

China has been a key trade partner with New Zealand, which could also provide important s

upport to the Belt and Road Initiative and China’s relations with countries in the South Pacific, she said.

A price cut swept China’s many sectors on Monday, as value-added tax rate reduction officially kicked in.

This year’s Government Work Report, which was released las

t month, said the rate bracket of 16 percent in manufacturing and other industries will

www.hmijw.cn

North Korea has yet to issue any direct public statement on

  the decision to withdraw. Chad O’Carroll, an analyst and chief executive of the K

orea Risk Group, said the move was to be expected following the failure of the Hanoi summit.

  ”North Korea’s pull-out Friday from the Kaesong Lias

on Office has been on cards since Hanoi, given recent no-shows there,” he said on Twitter.

  He added that the move was designed to send a message that from

Pyongyang’s perspective “Seoul has insufficient influence” over the US-North Korea rela

tionship and that intra-Korean talks are increasingly pointless, “when sanctions prevent practical cooperation.”

  Following the Trump-Kim summit in Hanoi, the US and South Korea canceled major war ga

mes that have long been a source of tensions on the Korean Peninsula in order to “support diplomatic efforts” with Pyongyang.

  Speaking on Thursday, Joseph Dunford, chairman of the US Joint Chiefs of Staff, said he was “absolutely confide

nt” that smaller exercises held in place of the traditional war games enabled the US and South Korean forces to “maintain readiness.”

olyfwg.cn

We will receive listing applications after the regulations

are available,” Huang said. How soon the first company will go public on the new board depe

nds on different factors, including the preparatory progress of the companies and their investment banks, he added.

Enterprises qualified and willing to go public on the n

ew board are mainly concentrated in such areas as information technology, biomedicine, high

-end manufacturing and new materials, Huang said, adding that the bourse has done lots of research on them.

“They feature relatively high research and development expenditures, and rather good growth prospects.”

Dong Dengxin, director of the Finance and Securities Institute at the Wuhan University of Scien

ce and Technology, expects that both the detailed rules and the list of the first companies involved are likely to come out in March.

“China is pushing the new board forward at full speed, which can foster innovatio

n-oriented growth through inclusive listing rules and offset this year’s economic headwinds,” Dong said.

Yi said the new board aims to better serve innovation-orie

nted enterprises and will serve as a prelude to capital market reforms of a broader scope.

The commission will carefully evaluate the effect of various reform and innovation m

easures on the new board. Based on that, fine-tuning measures for ChiNext and the National Equities Exc

hange and Quotations system can be advanced in a coordinated way, Yi stressed.

goldenwing.org

i said preventing and defusing financial risks, especially

  systemic financial risks, are the fundamental tasks of financial work, calling for accelerated construction of the fina

ncial market infrastructure and advanced efforts to nationalize key information infrastructure in the sector.

  He also urged solid statistics in the financial sector and improvement in the warning system and rules on information disclosure and management.

  Education and supervision of senior officials of financial institutions and regulators sh

ould be enhanced, and more should be done to fight corruption in the financial sector, Xi said.

  He called for dynamic supervision of domestic and cross-border capital flow to enable financial watchdogs to fully monitor all flows.

  Xi said tasks for the reform and opening-up of the financial sector should be well implem

ented, calling for the preparation and the rolling-out of new reform and opening-up measures based on

the latest development of global economy and finance as well as the strategic needs of China.

  Reforms including revamps on market access system and trading regulations should be deepened, and regulators should take a two-pronged appr

oach of enforcing both macro-prudential management and micromanagement of behaviors, he said.

  He said those causing major financial risks due to their breaches such as lax regula

tion, cover-ups or decision-making failures must be held accountable and face serious punishment.

  Efforts should be made to address the current situation where the costs of legal and

regulatory breaches in the financial sector, especially capital markets, are too low, Xi said.

  Xi urged enhancing the global competitiveness of China’s financial sector, elevating the two-way opening-up to a highe

r level and beefing up capabilities of financial management and risk prevention and control amid greater opening-up.

www.qiancengdian.cn