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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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Separately, on the same day, the US Commerce Department

said it would be adding Huawei and its 70 affiliates to an Entity List, which will ban the compan

y from buying parts and components of US companies without prior government approval.

Gao Feng, spokesman for the Ministry of Commerce, said at a briefing that the con

cept of national security “should not be used as a tool for trade protectionism”.

“China strongly opposes other countries imposing unilateral sanctions on Chinese entities,” Gao said.

He called on the US to stop its wrongful behavior and make more efforts to create conditions for normal international trade cooperation.

Huawei has been increasing its 5G commercial contracts worldwide, with more countries giving the com

pany a vote of confidence. But it is facing security allegations from the US, which Huawei has said are unfounded.

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The report was based on an experimental survey condu

cted by the China Consumer Association from December to March, which included mor

e than 1,700 students from elementary, junior high and senior high school.

According to the report, most elementary school students were first exposed t

o the internet in third grade, and these 9-year-old students accounted for 32.2 percent of th

e total. For junior high school students, most had their first online experience at the age of 12 years in grade six, a

nd these students comprised 21.7 percent. Among high school students, the peak period to access the internet fell duri

ng their first year in junior high school, with these 13-year-olds representing 19.4 percent.

The report shows over 90 percent of teenagers use electronic devices for study or playing game

s every week. What deserves attention is that the percentage of inevitable exposure to electronic devi

ces among elementary school students is significantly higher than that of the other two groups.

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Intensified law enforcement also benefits overseas ent

erprises in China. Last year, intellectual property authorities punished violators in more

than 6,000 cases of infringing on rights of trademark registrants from overseas, with a t

otal value of 151 million yuan ($22 million), an increase of 50.1 percent over the previous year, the report said.

An agreement to support young scholars’ research into the Silk Road was signed between China and UNESCO during a ses

sion of the Conference on Dialogue of Asian Civilizations in Beijing on Wednesday.

Under the agreement, an international academic program will be launched with funding of $1 mill

ion from the Chinese government to scholars under 35 years of age from around the world.

Hosted by the Ministry of Education and UNESCO, the session – entitled “Safeguardin

g the Diversity of Asian Civilizations” – focused on cultural interactions among Asian people and disc

ussed challenges in terms of revitalizing the multiple cultures of Asian countries and regions.

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Wang said the Sino-US trade talks have made important

and substantive progress thanks to efforts from both sides. Meanwhile the talks face some serious problems which need to be resolved.

The top diplomat said that as long as the negotiations meet the general direction of China’s reform an

d opening-up policy, adhere to China’s basic needs about high-quality development and serve the com

mon interests of the Chinese and US people, the negotiator teams from both sides could have the capability and w

isdom to settle their reasonable demands and eventually achieve a win-win agreement.

Wang said China insists on upholding national sovereignty, safeguarding the inter

ests of its people and defending national honor when negotiating with any country.

According to the General Administration of Customs, trade between

China and the US in the first four months stood at 1.1 trillion yuan ($160 billion).

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The downward trend will linger in the first half of th

f the year until July or August, when the market may see a recovery, Xu Haidong, assistant to

the China Association of Automobile Manufacturers’ secretary-general, told the newspaper.

The reason for the slowdown in China’s automotive market lies in the lack of consumer confidence, according to CA

AM. In addition, the upcoming stricter Nation VI emission standards, market expectation for the country’s stimulating spe

nding policy and a strong wait-and-see mood, are all contributing to the bleak picture, the association said.

With the actual policy effects from tax cuts and fees reduction

s, a promising consumer market boosted by infrastructure investment, the country’s a

utomobile market will have a stable development throughout the year, said the association.

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f the escalation of the bilateral trade dispute is not a short det

detour before reaching a deal sooner or later, then the economic impact for consumers in China and t

he US, as well as other parts of the world, will be fairly costly, said Chen Wenling, chief econ

omist at the China Center for International Economic Exchanges.

Whether they buy finished products or goods made from r

aw materials and components, the tariffs still exist, Chen said.

The escalation will make goods produced by both countries less co

mpetitive and cause large-scale job losses, said Chen.

Wei Jianguo, former vice-minister of commerce, said economic conflict

s and trade friction between China and the US that draw global attention will happen fro

m time to time in the future, and these should be rationally regarded and prepared for.

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Reducing poverty must begin with reducing ignorance. Ther

refore, giving rural children a good education is an important task in poverty relief, and

also a crucial means to stop poverty from being passed on between generations,” he said.

“The poor regions are the bottleneck in building a moderately prosperous society by 2020,” Xi wrote.

While talking with students and teachers at a primary school in Zhongyi, a towns

hip in Chongqing’s Shizhu Tujia autonomous county, in April, Xi

said compulsory education is an important part of poverty eradication.

Children in impoverished mountainous regions must be guaranteed access to education, an

d they should have a happy childhood, Xi said during his visit to Chongqing. He encouraged teachers to sett

le down in such regions, dedicate themselves to education in rural areas and contribute to poverty reduction.

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he scholars suggested that authorities such as th

 National Health Commission should monitor all gene-editing centers and IVF clinics in China to ensure trials are in line with regulations.

A national registry dedicated to clinical trials involving cell technologies should be established to pro

mote greater transparency, they said, so that before a trial begins scientists would need to pass an

ethics review and provide a list of names of all participating scientists and institutions.

Universities and research institutes should strengthen education and

training in bioethics and scientific and medical professionalism, covering research sci

entists and students of science, medicine and the humanities at all levels, they said.

In addition, more efforts should be undertaken to eliminate prejudice against people wi

th disabilities, which exists in the minds of some scholars, they said. Following the gene-edited baby incid

ent, government departments have vowed to improve supervision, and new regulations are being made or revised.

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Although some hospitals have established such comm

mittees, many of them are loosely organized and incapable of ethical inspection

s to ensure people’s lives and health in cases of highly risky clinical trials, he said.

Zhai of the Chinese Academy of MedicalUber Technologies Inc’s conservative initial public offerin

g could not keep its shares from sinking in their trading debut on Friday, fueling debate on Wall Street over whether the outcome of

the most anticipated listing since Facebook Inc would weigh on other Silicon Valley unicorns.

Uber considered going public for at least four years. Yet the

ride-hailing company picked a week for its IPO plagued by market turbulence fueled

Sciences said existing regulations for oversight of the life sciences co

me from various government departments and don’t sufficiently deter violations.

“Higher-level legislation is needed to establish law to hold violators criminally accountable and deter any similar behavior,” she said.

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