Huawei has said that it is willing to sign a “no-spy” agreeme

nt with countries that commit to its equipment. And this may po

nt to a reasonable solution as it offers a way out for international partners in the West, which h

ave been caught in the middle of the US-waged campaign against Huawei, to cooperate with the Chinese company.

The security of 5G networks is a technical issue, and it should be addressed as such. Security prin

ciples should be based on verifiable facts and technical data rather than ideology or a vendor’s country of origin.

However, judging by its ill treatment of Huawei since last year, t

he US will continue with its persecution and has no intention of changing its ways.

The victimization of Huawei shows the world’s largest economy no longer wants to uphold the core values that govern free trade

and fair market competition. And it is willing to use its superpower status, so that, by hook or by crook, it can obstruct co

mpetitors that might challenge its competitive edge in science and technology.

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Mired in Brexit deadlock and forced to delay Britain’s M

 March 29 exit from the EU, May’s Conservatives suffered major losses in local election

s this month and are trailing in opinion polls before May 23 European Parliament elections.

With Labour and Brexit-supporting rebels in the Conservatives p

lanning to vote against her deal, it is unlikely to be approved as things stand.

Pro-Brexit Conservative lawmakers were unimpressed with May’s failure to set a firm date to quit. One, who declined to be na

med, described it as “yet further procrastination which is causing appalling damage to the Conservative Party.”

Another, Andrew Bridgen, said May was “an increasingly beleaguered and isolated prim

e minister who is desperate to salvage something from her premiership and is prepared to drive thro

ugh an agreement that would fatally hamstring any future prime minister in negotiations with the EU.”

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I’m excited about the Asian cuisine festival,” said Li Jingy

n, who came to the main venue of the festival on Thursday with four friends.

“We went to Thailand for a vacation last month. The beautiful sunshine and beaches there

are enchanting,” the 54-year-old Beijing native said. “Now, we have a second chance to experience its food.”

Yang Lin, 26, who described herself as a foodie, also went to t

he gala. “I love Korean food most, except for Chi

nese cuisine, and I’m happy that Beijing is holding such a big food exhibition.”

Xu Hejian, a Beijing official in charge of the event, said visitors can see how Asian food i

s made at the venue and sample various cuisines made by more than 200 food enterprises.

Wuyutai Tea is one of the companies.It’s a good opportunity for the younger generati

on to learn more about traditional Chinese delicacies and desserts,” said Chen Huaji, an employee. “Tea is

quite an important element of Chinese culture, and the exhibition offers a stage to show off the essence of Chinese food and Chinese culture.”

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Chinese coffee startup Luckin Coffee will price its initial p

public offering at $17 per share on Nasdaq Stock Exchanges, CNBC reported on Friday.

This price is at the top of its expected range from $15 to $17 in a regulatory filing, indicating the value of the company at about $4.2 billion.

Luckin Coffee raised $150 million in the most recent Series B+ round of financing, lifting the B

eijing-based company’s valuation to about $2.9 billion, the company announced on April 18.

With the aid of new technology, Luckin Coffee provides customers convenient service with innovative business model.

“The old way is people looking for coffee. With us coffee finds the people,” Luckin Coffee’s Co-founder Eric Guo told CNBC.

As a representative of China’s new retail based on mobile app, Luckin Coffee, founded in 2017, has expanded at a rapid pace.

87877777.com

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.

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the middle of this century, digital villages will be compl

pletely built nationwide to advance rural revitalization.

To fulfill such targets, the country will accelerate the construction of IT infr

astructures in rural areas, upgrading rural internet facilities and information services.

More efforts will be made to boost the rural digital economy, with wider use of digital technolo

gies in agriculture and the development of e-commerce and various emerging creative industries in rural regions.

While providing more support for rural technological innovation, the co

untry will strengthen ecological protection in rural areas with digital technologies.

Moreover, the guideline stressed the significance of improving internet access in rural areas in poverty alleviation and ca

lled for enhanced information sharing to promote urban-rural integrated development.

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es it a large exporter of manufactured goods to the US and

Given that the US economy is driven by domestic demand, consumption in particular, instead of exports, a high rate of eco

nomic growth will widen the trade deficit, as it would have to import more products than it exports. In such a situa

tion, the implementation of large-scale infrastructure construction projects would further increase the trade deficit.

To make up for the increasing savings gap, the US needs to introduce and use more foreign ca

pital, which will further enlarge the trade deficit. Therefore, the US cannot simultaneously maintain a high g

rowth rate, invest massively in infrastructure, reduce the trade deficit and restrict the inflow of foreign capital.

What is really questionable is that, despite its contempt for over-regulation of the economy, the US administration has been tryi

ng to impose regulations on international trade, even for its trade partners’ domestic economic management.

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Washington foolish to defy economics law and turns in the

The root cause for the repeated twists and turns in the China-US trade talks lies, to a grea

t extent, in the United States’ serious deviation from, and disdain for, the objective laws of econ

omics. The fact that China will never accept its unreasonable demands further complicates the matters for the US.

The US administration’s often competing and clashing objectives-though m

any of them are understandable-cannot be realized simultaneously. For instance, the U

S hopes to revive its industries and boost its real economy while maintaining the huge bubble in its financial market.

A dream called sustainable reindustrialization

Yet the US expends huge amounts of its resources just to maintain its mo

netary hegemony and thus ensure its financial sector offers higher pay and return on inv

estment compared with the real economy sectors, which helps it to maintain its advantage in

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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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In Forbes’s ranking, 309 of the world’s top 2,000 largest publ

 public companies are from the Chinese mainland and Hong Kong.

The United States has 575 companies, the most among the 61 countries and regions involved in the ranking.

Japan is third-largest contributor, with 223 companies joining in the list.

This year marks the 17th release of the Global 2000 ranking since it was first published by Forbes in 2003, when the Unite

d States was home to 776 companies in the list while the Chinese mainland and Hong Kong only had 43.

Industry-wise, banks and diversified finance make

up most of the list, with 453 companies appearing on it, followed by tech ind

ustry and construction industry, with 184 and 123 companies on the list, respectively.

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