ures market will help foreign investors optimize their renminbi-denominated asset portfolios as they can inc

orporate investment targets of a wider variety, said Wang Tingting, an associate pro

fessor of finance with the Central University of Finance and Economics in Beijing.

“Moreover, as foreign investors’ trading helps boost liquidity in the domestic market and makes the price changes mor

e consistent with international trends, domestic market participants can also better hedge against risks,” he said.

Experts also expect China to open up the stock index futures market to foreign invest

ors, as they have large exposure in the A-share market and are therefore in need of this risk management tool.

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Research released by the International Monetary Fund on Friday showed that some of these tariffs hav

e been passed on to US consumers, while others have been absorbed by importers leading to lower profit margins.

US restrictions on high-tech exports to China will push up Washington’s trade deficit with China, an

d rising prices could also reverse the low inflation in the US. Meanwhile, any speculative trading on the

Chinese currency amid its depreciation pressure will “inevitably suffer from a huge loss”, Guo said in his speech.

To eliminate bad outcomes from trade tensions, further opening-up in China’s services sec

tor, together with high-tech development supported by artificial intelligence, will help lift Chinese eco

nomic growth from 6.3 percent to around 7 percent by 2035, said Zhu Min, a former deputy managing director at the IMF.

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 Commission said that more than 231,000 college students graduated from universities in

Beijing last year, but 37.5 percent of employed graduates chose to work outside the capital.

A female college student surnamed Zhang said that she chose to w

ork in Wuhan, Hubei province, after graduating from Tsinghua University in June, 2018.

“The biggest reason driving me away from Beijing was the living cost,” she said. “Tho

ugh I can earn 8,000 ($1,160) or even 10,000 yuan a month in Beijing, the rent may cost me 3,000 yuan or more ea

ch month, let alone other expenses such as meals, transportation and getting together with friends.”

In contrast, some so-called new first-tier cities like Chengdu, Sichua

n province; Hangzhou, Zhejiang province; and Wuhan have sprung up as new at

tractions to college graduates for their cheaper living costs and preferential policies to newcomers.

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ment to the reindustrialization process, which could be viewed as a sort of financial Dutch disease-the apparent causal relationsh

ip between the increase in the economic development of a specific sector and a decline in other sectors. The more

heated the US stock market gets, the more serious the Dutch disease will become. And, ironically, the US leader is k

een on strengthening the stock market to showcase his political and economic track record.

Besides, the US administration cannot launch large-scale infrastructure construction projects, significantly red

uce the trade deficit with China and deny Chinese investors access to its market all at the same time.

The US’ trade deficit stems from its extremely low national saving

s rate and has to be compensated by other countries’ national savings, which in turn

adds to the trade deficit. On the other hand, China’s efficiency in the manufacturing industry mak

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inesses and consumers will pay the cost amid hefty levies, which will eventually add significant pressure on the US economy.

The US government’s moves risk sparking a full-blown trade

war with China, and China is fully prepared for any possibility, Wei said.

Economists at Goldman Sachs said in a research note that recent data showed the costs of Washington’s tariffs on China last year

had fallen “entirely” on US businesses and households, with no clear reduction in prices charged by Chinese exporters.

The bank said that US consumer prices are higher, partly because Chinese exporters have not low

ered their prices to better compete in the US market. In addition, some US producers “op

portunistically” increased prices in response to protection from Chinese competitors, it said.

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velopment of the region could play a vital part in leading regional growth, the statement said.

It noted that the elevation of the integrated development of the Yangtze River Delta t

o the status of a national strategy is a major decision adopted by the CPC Central Committee.

Authorities in the four provincial areas must enhance their awareness

of integrated development and boost their interaction and cooperation, it added.

The meeting also decided to start a thematic education campaign of Party member

s on the subject of remaining true to the Party’s original aspirations and keeping their mission firmly in mind.

It called for struggles against all problems that affect the Party’s purity and ad

vanced nature, and for efforts to make the Party even stronger, the statement said.

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China will speed up building an integrated platform for e-government servi

ces to offer easier access to the online services, according to the Ministry of Justice.

The building of the integrated platform aims to standardize go

vernment services nationwide, according to an official with the ministry.

The country will facilitate information sharing among regions and departments at various levels, the official said.

A system will be set up to enable enterprises and individuals to evaluate the government services they received, accord

ing to the official, who added that efforts will be made to ensure the smooth operation of the integrated platform.

In April, China’s State Council made public a decree on online government services to prompt the integrated platform building.

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old student from Xidian University in Shaanxi province, died from a rare cancer of the soft tissue. Wei was re

searching the disease on Baidu and came across an advertisement for treatments that proved ineffective.

After Wei’s death, Baidu announced a sweeping restructuring and optimization of its medical business, especially regardi

ng its paid listing practices. It also tightened regulations on medical promotion and enforced clear labeling rul

es that differentiate advertisements from credible medical information, according to media reports.

However, medical advertising remains one of the key sources of income for Baidu, and some are still trying to exploit the s

ystem. In April, the police in Shenzhen, Guangdong province, detained a team of medical fraudsters who drove up r

ankings on Baidu’s research results to promote faulty hospitals to patients, local authorities said.

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 satellite in 2021, so the (Cambodian) government hoped that someone could learn something abo

ut spacecraft. But there is no school in Cambodia that teaches such a thing. So here I am,” Chea said.

China has signed an agreement with Cambodia to develop, make and launch the Southeastern Asian nation’s first sat

ellite in the next few years. The satellite, Techo 1, will be used for communications.

Moreno Pena, on the other hand, has 11 years’ experience at the Bolivarian Agency for Space Activities, Venezuela’s sp

ace organization, as an electrical engineer and chief of the spacecraft operation unit.

This is the second time he has come to China as a student. The first time w

as in 2007, when he was selected to take part in satellite application training in Beijing.

He said he came to China this time hoping to expan

d his knowhow on spacecraft and learn how to design and build satellites.

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try to force Barr to testify before their committee.

“The failure of Attorney General Barr to come to the hearing today is sim

ply another step in the administration’s growing attack on American democracy an

d its attack on the right of Congress” as a co-equal branch of government, Nadler said.

Barr spent four hours before a Republican-led Senate committee on Wednesday defen

ding his handling of Mueller’s report on Russia’s interference in the election to boost Trump’s ca

ndidacy and whether the president subsequently tried to obstruct Mueller’s probe.

Representative Doug Collins, the House Judiciary Committee’s top Republican, s

aid Barr did not appear before that panel because Nadler had insisted on an aggr

essive format with an extra hour of questioning from its own lawyers, in addition to those from the committee’s

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