Chen Zuoning, vice-president o上海夜生活f theAcademy of Eng

ineering, said the commercialization of 5G will reshape how software is applied to different industries, with cloud computing expected to play a bigger role in boost

上海夜生活女神会所ing efficiency in corporate governance and factory production. International cooperation is needed to better adapt to such a trend.

Bill McDermott, CEO of German software and cloud giant SAP, called the Chinese market “the jew上海夜生活

el in the crown” for the company in an earlier interview and said the company is doubling down on its presence here.

“I will not be surprised if China becomes our largest market by 2025, with local companies scrambli上海夜生活

ng to upgrade their corporate management methods and factories with digital technologies,” McDermott said.

The technology giant delivered its best results in the country in 2018 and promised in January to pour more resourc

上海夜生活女神会所es into expanding its presence in the market for small and medium-sized enterprises and building up the local talent and infrastructure in China.

Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Carrie Lam Ch

eng Yuet-ngor on Monday vowed to double the government’s efforts to get the city off to a new start.上海夜生活女神会所

That has imposed greater downside risks for Hong Kong’s economy, and the governmen

t should devote its energy to taking precautionary measures as well as making appropriate responses, Lam said.

Looking back at the past 22 years, Hong Kong has experienced some changes, ups and downs in the politi上海夜生活女神会所

cal, economic and social areas. Yet, Hong Kong has, generally speaking, remained stable and prosperous, she said.

Backed by the motherland and open to the world, Hong Kong has continued to leverag

e its unique advantages under the “one country, two systems” principle, said the chief executive.

Lam made the remarks at a reception to celebrate the 22nd anniversary of Hong Kong’s return to the motherland and the establishment of the HKSAR.

Every year, July 1 is an opportunity to look back on the past and look forward to a new year ahead for the SAR, she said.

“Serving over 7 million people in Hong Kong, we also have much to do in the future to improve people’s livelihoods,” said Lam.

That requires Hong Kong society to make plans together and work in concert, Lam said.

She also took note of the problems the city is currently facing, including the unstable

external environment and the unsolved trade conflicts between China and the United States.

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China’s total volume上海夜生活品茶微信exports from cros

oss-border e-co上海夜生活品茶微信mmerce reached 134 billion yuan ($19.5 billion) in 20

18, up 50 percent year-on-year, according to the General Administration of Customs.

The premier also urged more efforts to encourage the private sector to boo

st the development of services including elderly care, day care as well as domestic services.

More work must be done to renovate old residential communities and boost the growth of commun

ity services, which will help spur investment and consumption, and create jobs, he said.

He underscored the importance of ensuring the supply of drugs that are commonly used or for emerge

ncy rescue purposes, saying that shortages of supply or random price hikes for drugs must not be allowed.

The premier also visited the Dream Village, a major hub for startups and incubators in Hangzhou.

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t of Tesla Inc. The official website of Tesla even crashe

The development of national economic and technological development zones should stick to innov

ation and opening-up, prioritize high-quality output, and remain market-oriented, the circular said.

A slew of approaches will be taken to beef up the open econom

y quality of the development zones, including diversifying ways of utilizing foreign inves

tment and introducing multinational enterprises’ regional headquarters, research and development cent

ers, and finance departments. Improving the quality of foreign trades and supporting qualified development zone

s to establish comprehensive bonded areas also are among the plans.ent zones, in a bid to boost their international co

mpetitiUS electric car maker Tesla Inc priced its China-made Model 3 vehicles from 328,000 yuan ($47,529) on Friday, acco

rding to a report from wallstreetcn.com. The first pre-order for Tesla Model 3 was completed in just three min

utes after registration started on Friday morning, according to the official Sina Weibo accoun

www.8216078.cn

Data show that over the past two years, about one-thir

ird of the college graduates chose to pursue a post-graduate degree instead of entering the job mark

et, and within six months of graduation more than 90 percent college graduates found employment.

Despite all this, there are still many structural employment problems. Take college graduate

s for example. Many college graduates seek a high-paying job and a majority of them prefer to work in the e

astern region, first-tier cities and large enterprises, which are wishes the employment market can hardly fulfill, esp

ecially because some college graduates don’t possess the skills to meet the market’s demands.

What should be a bigger concern, however, is the possible impact of the Si

no-US trade dispute on the job market. In 2009, the estimated unemployment rate among

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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.

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Gao cited data to rebut that view and urged AmCham Chi

ina to evaluate China’s market access and business environment for foreign investors in a “comprehensive, objective and fair” way.

The ministry’s data showed that US investment in China jumped 71.3 percent year-on-ye

ar in the first three months of this year. In 2018, US investment increased 7.7 percent year-on-year.

Gao said expansion of the investment figures fully demonstrates that US compan

ies continue to be optimistic about the market and accelerate the pace of investing in China.

Gao cited another survey published in February by AmCham China that showed that most US

companies with operations in China said they have continued to see their revenues grow there.

Gao said the ministry will maintain close contact with foreign enterprise

s and business associations, and continuously improve China’s business environment.

hdflower.net.cn

Kamal Dhuper, China regional manager at Indian talent

development and training company NIIT, visited Xiongan in September and was received by Chen.

Chen said Xiongan welcomes NIIT to take its advantages in technology and training to enhanc

e cooperation in the building of a digital city and the IT industry, according to a news release.

While attending the top legislature’s annual session in March, Chen told reporters that Xiong

an will soon begin large-scale substantial construction as overall design plans for the area have been completed.

More than 200 teams and 1,000 experts from China and abroad have participated in the drafting of the plans, Chen said.

Jiang Hao, a Shanghai-based partner at global consultancy Roland Ber

ger, said his company is “very interested” in participating in Xiongan’s development.

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As if that was not enough of a provocation, Christensen

 said the first consultation will be held in September when a US delegation, led by a senior official fr

om the State Department’s Bureau of Democracy, Human Rights and Labor, is expected to visit Taipei.

The US has been using one pretext or the other to provoke Beijing and violate the 1979 Joint Commun

iqué. But for the sake of Sino-US relations and regional peace, Washington should realize that instead of gain

ing anything, it would suffer huge economic and political damage by interfering in China’s internal affairs.

Xi’s message of peace and reunification

Delivering a speech to mark the 40th anniversary of the Message to Taiwan Compatri

ots on Jan 2, President Xi Jinping said that, on the basis of the common political foundation of uph

olding the 1992 Consensus and opposing “Taiwan independence”, political parties and people across all sectio

ns of society on both sides of the Straits can recommend their representatives to hold in-depth dem

ocratic consultations and establish institutional arrangements for peaceful development of cross-Straits relations.

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Economist offers insights on China’s global growth

When the whole world is searching for a therapy to calm the anxiety arising from economic slowdown, China, the most important global growth engine, provides its

routes to maintain vitality – through supportive macro policies and technology-driven innovation.

That point of view was shared by Zhu Min, an influential Chinese economist and a former deputy managing director of the Intern

ational Monetary Fund. He sat down for an exclusive interview with China Daily, when international media desi

re to learn the reasons for China’s 2019 economic performance at the ongoing annual two sessions in Beijing.

“We did a study that estimated China will continue to have more than 6.3 or 6.4 percent growth this year,” he predicted.

Even if the pace of growth moderates from last year’s 6.6 percent, China is able to m

aintain the strongest economic engine and contribute more than 30 percent of the worl

d’s GDP growth, said Zhu, who is now the chair of the National Institute of Financial Research at Tsinghua University.

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Woman dies as food poisoning in Michelin-starred restau

  A Michelin-starred restaurant in the Spanish city of Valencia is at the center of a food poisoning outbreak that has killed one woman and affected 28 further diners.

  The 46-year-old victim died after eating a meal at Riff in the Mediterranean coast city. Regional health author

ities have also identified 28 more people that became ill after visiting the restaurant, according to a statement.

  The woman, who has not been identified, died in her home early Sunday morning. Her husband and 12-year-old son also suffered food poisoning but are now

in recovery, said authorities.All of the 29 victims of the outbreak had eaten at Riff between February 13 and 16.

  Food inspectors visited the restaurant on February 18 but did not find any explanat

ion for what could have contributed to the outbreak, reads the statement from the public health department.

  The inspectors took samples of food used in the tasting menu, which have been sent to Spain’s National Toxicology Institute for analysis.

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