Since they established diplomatic ties, relations betwe

tween the two countries have become firm and unshakable, with fruitful outcomes generated from pragmatic cooperation, Xi said.

They have brought tangible benefits to the two peoples and made p

ositive contributions to the stability and development in the region, he added.

Both countries are at a cru2cial period in their development, Xi said, and bilateral cooperation has broad prospects. He said he

considers Sino-Malaysian ties highly important and expressed hope that the two countries, taking the joint building of the B

elt and Road as an opportunity, would strengthen synergies between their development strategies to inject new c

ontent into the China-Malaysia comprehensive strategic partnership, and add new momentum to regional development.

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President Xi Jinping visited the JL MAG rare-earth Co

 on May 20 in Ganzhou, Jiangxi province, during a three-day inspection tour.

Xi learned about the rare-earth industry’s development in Ganzhou, a major producer of rare-earth resources and products

in China. During the seven trading days from May 20 to Tuesday, the A-share listed company hit the 10 percent da

ily upside limit six times, with its share price rising by 90 percent after closing on Tuesday.

xperienced climbers and guides called for alpinists without adequate training to think tw

ice before taking on the world’s highest peak, especially during a crowded climbing season.

As of Tuesday, the death toll of climbers attempting to reach the summit of Qomolan

gma — known as Mount Everest in the West — reached 11 during this climbing season. Nine died on the Nepali s

ide and two on the north face of the mountain in China’s Tibet autonomous region, according to media reports.

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Lippi, who led his native Italy to World Cup glory in 2006

was first hired in November 2016, but his original two-year stint in China delivered littl

e to cheer about. He was unable to take China to the World Cup finals in Russia in 2018.

The 71-year-old Lippi had stepped down in January, after the country’s quarterfinal

exit from the Asian Cup, when he reportedly became furious in the dressing room after China’s crushing 3-0 loss to Iran.

Lippi’s first game in his second tenure will be a friendly match with the Philippines in Guangzhou o

n June 7, as Team China prepares for the second round of Asian zone qualifying for Qatar 2022, which kicks off in September.

“I think I’d vote for Lippi to come back,” 38-year-old Team China capt

ain Zheng Zhi said on China Central Television in March. “The old man would for sure brin

g more values to the team. We never lost faith in him, and our players all recognize his importa

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A hearing on the proposed tariffs on Chinese imports will

 take place on June 17, according to the Office of the US Trade Representative.

Gary Hufbauer, a senior fellow and trade expert at the Peterson Institute for Internation

al Economics in Washington, said the FDRA letter will add to the pressure on Trump to reach a deal with China.

“It will not be totally ignored,” Hufbauer said.

Over the past few weeks, business groups have voiced their concern that the escalating tariffs on Chinese imports risked knocking consumers off their feet.

The Retail Industry Leaders Association, for example, said in a st

atement: “The administration’s decision to announce a tax on every product coming from China pu

ts America’s entire economy at risk. Americans’ entire shopping cart will get more expensive,” it said.

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developed chips for base stations, basebands and chipsets

powered by artificial intelligence.Services will be provided based on the results of a survey of 81 countries

China will offer customized data services for disaster prevention thr

ough its Fengyun meteorological satellites for more countries along the Belt and Road, said a

senior official of the China Meteorological Administration’s National Satellite Meteorological Center.

The services will be provided based on the results of a survey of 81 countries. By the end

of April, 22 countries, including Afghanistan, Pakistan, Iran, Russia, Libya and Sudan, had responded to the survey.

“From chips to its self-developed operating system, Huawei has long been preparing for in

dependent research and development in core technologies. It has the ability to adjust to changes in the glo

bal market,” said Xiang Ligang, director-general of the Information Consumption Alliance.

Huawei has also made preparations with core chipsets. Existing stocks

are thought to provide the company with a buffer of six months to a year, he said.

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The prime minister is determined to secure our departu

e from the European Union,” Graham Brady, chair of the 1922 Committee that

can make or break party leaders, said following a meeting between his co

mmittee’s executive and May in parliament which he described as a “very frank exchange”.

The government has said lawmakers will be able to debate and vote on the Withdrawal Agre

ement Bill, the legislation required to enact May’s Brexit deal, in the week starting June 3.

“We have agreed that she and I will meet following the second reading of the Bill to agree a timetable for the el

ection of a new leader,” Brady said, adding that the conversation would take place whether the bill was passed or not.

May, who became prime minister in the chaos that followed the 2016 referendum when Brit

ons voted 52% to 48% to leave the EU, survived a no-confidence vote of her Conservative lawmakers in December.

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Four Chinese banks ranked among world’s top moneymakers

Four Chinese banks were among the world’s top 10 most profitable companies over

the past year concluding at the end of March, according to a report by Bloomberg.

The Industrial and Commercial Bank of China and China Construction Bank achieved a net in

come of $45 billion and $38 billion respectively over the past year, closely following Apple Inc, which retai

ned its title of world’s biggest moneymaker for the fourth straight year with a net income of $57.2 billion.

The Agricultural Bank of China and the Bank of China were respectively ranked at the

seventh and 10th places in the top profit list, with $31 billion and $27 billion in net incomes.

While financial service companies claimed nine spots among the top 10 most profitable compa

nies, no drugmakers or automotive firms appeared in the list for the first time in eight years, the report said.

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Ministry of Industry and Information Technology data show

ed China’s digital economy had reached more than 27 trillion yuan ($4 trillio

n) in 2017, a year-on-year rise of 20.3 percent, accounting for nearly 33 percent of GDP.

Lu said the growth rate of the number of people working as new media operators in 2017 was mo

re than 10 times that of 2013. The growth comes as more consumers turn from mass media to new me

dia, which provides more information, is faster, has a more diversified presentation and cheaper cost.

Algorithm engineers, in particular, grew at exponential rates. More than fi

ve times as many people worked as algorithm engineers in 2017 than 2013, he said.

“Algorithm is the foundation for artificial intelligence. AI has started to integrate with other industr

ies and already had been successfully implemented in AI plus marketing, finance and assisted medical dia

gnosis. AI engineers will have more value as AI becomes more closely tied with more businesses,” Lu said.

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Roughly 20 years ago, when China’s admission to the

World Trade Organization was being negotiated, China’s economy was ti

ny as a portion of world GDP. It was clearly a poor, less-developed country that, except in a f

ew areas, was not able to compete with Western companies in high-value-added products.

As Alexander Hamilton, the first US Treasury secretary, argued, a developing country may need to p

rotect its “infant industries” from already established foreign competitors. This was the policy foll

owed by the US in the 19th century and by Western Europe, Japan, and South Korea in the years after World War II.

China is no longer a poor country. It can no longer compete by using low-wa

ge labor. Fortunately, it has now developed world-class companies that are incre

asingly developing new products and services that can compete successfully in many foreign markets.

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China’s IPR protection efforts bear fruit for foreign enterprises

China’s constant improvement of intellectual property rights pro

tection is a huge boon for popular foreign IPs like Peppa Pig to ride the country’s consum

ption boom, according to an executive from the trademark’s owner Entertainment One UK Ltd.

“There has been a very positive trend in China,” said Tim Pfeiffer

, the company’s senior vice-president of business affairs. “Our cooperation with the China Trad

emark Office has been very encouraging and we are more than happy to cooperate further.”

Beijing’s efforts have shown that it is serious about enforcing IPR protection to safeguard justice an

d social stability. Chinese courts have resulted in a 42 percent surge in intellectual property r

ights cases in 2018, according to the work reports of the Supreme People’s Court and the Supreme People’s Proc

uratorate that were submitted to the country’s annual national legislative session in March.

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