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The phone call took place days after the US Commerce Dep

artment announced on Wednesday it will add telecommunications eq

uipment maker Huawei and its affiliates to the Entity List on Wednesday. Being on the list

bars the company from buying US technology without government approval due to security concerns.

On the same day, US President Donald Trump signed an executive order that bars US companies fr

om using telecom equipment from manufacturers considered a national security risk, without mentioning Huawei by name.

Such moves, as well as the increase of tariffs on $200 billion worth of Chinese goods earlier this m

onth, complicated the prospect of continuing the bilateral trade talks that have been ongoing for more than a year.

China has always believed in and hoped to solve trade differences thr

ough talks, but such talks should be equal, Wang said. In any talks, China must protect its legitim

www.kaimenjidashijie.cn

Quotable quotes from business leaders at 3rd WIC

Praising Tianjin’s efforts and achievements in intelligent sc

ience and technology, Liu Chuanzhi, board chairman of Legend Holdings Co Ltd, pred

icted the city will make a qualitative leap in two to three years by combining intelligent technologies with manufacturing.

Liu, also founder of Chinese computer giant Lenovo, said his company, like Tianjin, considers intelligent technology a new imp

etus. Lenovo is working on many intelligent applications and has invested in many high-tech ma

nufacturing enterprises. It uses various artificial intelligence-driven algorithms and machine learning to ana

lyze the data of its supply chain system, using it to optimize Lenovo’s new intelligent spare parts supply chain.

Liu Qingfeng, chairman and CEO of iFlytek, said the company has developed a series o

f products driven by AI applications, based on small samples over the past year.

The company’s latest technological breakthrough is for the first tim

e its machine has surpassed humans in English reading comprehension, Liu said.

He said that he believes AI in 2019 has entered the year of large-scale application.

leoville-barton.cn

Festival will mark 80th anniversary of popular cantata

The Central Conservatory of Music will hold a festival from May 23 to 27 to celebrate the 80th anniversary of The Yellow River Cantata.

Written by composer Xian Xinghai (1905–1945) in Yan’an, Shaanxi pro

vince, in early 1939, the piece was inspired by a patriotic poem by Guang Weiran, and the lyrics

were adapted for the cantata. Premiered on April 13 of the same year in Yan’an, the work became, and remains, popular.

The conservatory’s symphony orchestra, choirs and chamber music grou

ps will join in the festival with 20 concerts, including the opening concert on May 23 condu

cted by Yu Feng, president of the university. The Yellow River Cantata will be performed by young singers.

Veteran Chinese musicians and singers, including Guo Shuzhen and Wang Xiufen, will perform during the festival.

Besides concerts, masterclasses and forums will be held in Yan’an.

The music festival will also celebrate the 70th birthday of the country.

www.headun.cn

In the past several months, China has announced and

started to implement a “negative list” program that allows foreign co

mpanies to have 100 percent ownership in investments in all areas of the economy, excep

t for a small number of areas, such as telecoms and defense, that are explicitly prohibited.

Also, foreign investment has been simplified by creating a one-stop regulatory shop and a single application process.

These new policies will lead to greater competition within China, forcing C

hina’s companies to become more efficient and to produce higher quality products.

The Chinese government has also recently announced tax cuts and financial regulations desi

gned to help private companies. This will hasten the ongoing transition to a market-driven economy.

Most Chinese State-owned enterprises are not relevant to trade negotiations. Many are in non-tradable sectors such as p

roperty development, infrastructure, or concrete. Others are basically public utilities in telecoms or power.

aishedesac.com

Uber was the biggest of a group of Silicon Valley startu

ups that have spent years raising money in private rounds at record prices. Many of these com

panies are now looking to follow with their own IPO. Some, like Uber and Lyft, are unprofitable.

Workplace messaging company Slack Technologies Inc plans to hold an investor presentation on Monday in adv

ance of its direct listing next month. Grocery and food delivery platform Postmates, WeWork owner The We Co

mpany and online mattress retailer Casper Sleep are among startups seeking to launch IPOs this year.

“If a venture capital investor wants to burn cash they can do that as long as they want, bu

t once you get to the public markets you have to show profitability or a path to it,” said Jordan Stuart, a po

rtfolio manager at Federated Kaufmann who often purchases companies’ shares during an IPO.

wrplg.cn

Efforts should be made to give people a more solid and

sustained sense of security, Xi said.Beijing blasts US Congress for Taiwan defense bill

Xi called for reforms in public security work and said big data should be used as a major engine to promote innovation in the sector. More

measures for higher-quality services should be implemented to give the public a substantial sense of fulfillment, he added.

While demanding that high discipline be exercised within the public security forc

es, Xi said there will be zero tolerance for violations of laws and Party discipline.

He also urged Party committees at all levels to suppo

Beijing resolutely opposes the United States House of Representatives for passing a bill on Tues

day to bolster Taiwan’s defense capability, calling it “boorish interference” in China’s domestic affairs.

Foreign Ministry spokesman Geng Shuang made the comment on Wedn

esday after the House voted to pass a nonbinding resolution reaffirming the US commitment to Taiwan. It also backed the

so­-called Taiwan Assurance Act of 2019, which supports Taiwan increasing its defense spending.

rt public security staff in exercising power and fulfilling their responsibilities in accordance with the law.

shuyin-edu.cn

China’s pledges included shortening its negative lis

 for foreign investments, opening up more sectors to foreign busines

ses, guaranteeing fair competition and planning new free-trade zones and ports.

Sourabh Gupta, resident senior fellow at the Washington-based Institute for China-American Studies, specifically praise

d the new Foreign Investment Law-passed in March by China’s national legislature and effective in 2020-which he s

aid is “a farsighted piece of legislation” that “will firmly usher in a new round of reform and opening-up”.

“Strong measures to deal with political, regulatory and administr

ative noncompliance are envisaged. A robust working mechanism to promptly address fo

reign businesses’ complaints is also envisaged,” said Gupta, who believes the prov

isions are a big step in assuring foreign businesses that the playing field is leveled in China.

www.ypwhl.cn

entenary of the May Fourth Movement at the Great Hall o

Young people shall work hard in learning the Marxist stance, viewpoints and methods,

mastering scientific and cultural knowledge and professional skills, and improving their humanistic quality.

Fine morality of young people called for

Chinese youth of the new era should be grateful to the Party, the country, the society and the people.

Young people shall nurture and practise core socialist values, and guard against wrong id

eas such as money worship, hedonism, extreme individualism and historical nihilism.

Nurturing young generation is whole Party’s political responsibility

Communist Party of China should shoulder the political responsibility of nurturing

a new generation of capable young people who have a good and all-round moral, intellectual, physical, and aesth

etical grounding in addition to a hardworking spirit, and who are well-prepared to join the socialist cause.

We should listen to young people’s views on social issues and phenome

na, as well as their opinions and advices on the work of the Party and the government.

www.iojhx.cn

But no Australian government has used such kind

of talk since 1972. Australian Prime Minister Scott Morrison has said his government is “ab

solutely committed to the long-term constructive partnership with China based on shared values, esp

ecially mutual respect”. And Labor Party leader Bill Shorten has said: “Preemptively framing China as a stra

tegic threat isn’t a sufficient response to its role and increasing influence in our region…”

But Hamilton and his supporters such as retired academic John Fitz

gerald insist on seeing China as Australia’s “enemy”. See China as “our enemy” and the next step i

s that Australians with family links to China can be seen as potential traitors. That is what Hamilton does by saying th

ey are ready to “rise up”. His only evidence? Two friends of his with Chinese backgrounds told him so.

jswrh.cn

Fixed-asset investment growth was 6.3 percent in the first

 quarter, compared with 6.1 percent in the first two months, the National Bureau of Statistics reported.

As favorable policies are implemented at all levels of government in the sec

ond quarter, manufacturers will start seeing concrete financial benefits and industrial out

put is expected to at least maintain a steady expansion from April to June, said Qin H

ailin, a senior industrial economy researcher at the China Center for Information Industry Development.

At the news conference, ministry officials also denied market rumors that China’s telecom carrie

rs are slowing down their investments in 5G, the fifth-generation mobile communication technology.

They said 5G is recognized as a fundamental digital infrastructu

re for societal and economic development, but it will take time to build a nationwide 5G netw

ork. China’s plan is to roll out the superfast technology step by step, the officials said.

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