ch and field development resources to expand in the Chinese market over the coming years, he said.
Ministry of Commerce spokesman Gao Feng said last month that the two countries’ negotiating teams are hashing out the text of a deal, including an enforcem
ent mechanism, based on mutual respect and benefit. Both countries, the world’s two biggest ec
onomies, have been intensifying their consultations and aiming to break the deadlock in a timely manner.
In the ninth round of trade consultations, negotiators discussed tec
hnology transfers, protection of intellectual property rights, non-tariff measures, the s
ervice sector, agriculture, trade imbalances and enforcement mechanisms.
Trade between China and the US amounted to 815.86 billion yuan ($121.7 billion) in t
he first quarter of the year, an 11 percent year-on-year decline, according to the General Administration of Cus
toms. In March, Sino-US trade climbed 0.1 percent to 291.35 billion yuan, according to the administration.
After 40 years of high-speed growth, China’s economy ha
s entered a high-quality development phase. Starting today, China Daily will feature a series of reports to sh
ow the new landscape across the country. This is the first installment of the series.
Beijing’s municipal government has been making efforts to develop high-end industries suc
h as 5G, artificial intelligence and the industrial internet in order to build the city into the nation’s scientific and innova
tion center, which is a core strategy of the capital’s high-quality growth plan, a senior officials said recently.
Lin Keqing, executive vice-mayor of Beijing, said the city is aimin
g to make new information technology and medical health twin drivers of the municipality’s growth.
“Beijing will make better use of resources to develop the biomedical indus
try and extend its value chain,” Lin said. “We have unveiled an international medical-use ro
botics innovation center in Zhongguancun, China’s Silicon Valley, and a group of companies in the sector.”
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.