hipmakers including Intel, Qualcomm, Xilinx and Broad

roadcom will not supply Huawei until further notice, the report said.

However, blocking components to Huawei could also disrupt the businesses of American ch

ip heavyweights like Micron Technology and slow down the rollout of 5G wireless networks, Blo

omberg said, which in turn could hurt US companies that rely on the Chinese market.

In a Reuters report on Sunday, it said that Google has also suspended business with Huawei requiring the transfer of hard

ware, software and technical services, except those with open-source licenses publicly available.

Google China replied via email that the company is “complying with the order and reviewing the implications”, The Beijing News said.

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it its lowest level since November. Trade talks betw

ween China and the United States recently faltered and a large amount of additional tariffs are expected to be imposed on imports from both sides.

China will take necessary measures, in response to foreign exchange market flu

ctuations, including using a strengthened risk management system, said Pan.

He also stressed that authorities would crack down on illegal activities in foreign exchange trading.

“China has sufficient policy tools,” said Pan, who is also director of th

e State Administration of Foreign Exchange, the country’s foreign exchange regulator.

The PBOC vice-governor also confirmed on Sunday that China will continually implement

opening-up policies and improve the environment for overseas investors and protect the legal rights of foreign investors.

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he transformation and upgrading of existing industries

thanks to measures to stimulate innovation, optimize the business environmen

t and public services, and to strengthen opening-up and cooperation in the digital sector.

“China’s high-tech industries, represented by new technologies, new industr

ies, and new products, have maintained rapid growth in recent months,” she said.

According to the commission, output in the high-tech manufacturing sector rose 8.7 percent ye

ar-on-year from January to April, 2.5 percentage points higher than that of industrial output. High-tech ma

nufacturing output was responsible for 13.6 percent of industrial output, 1 percentage point higher year-on-year.

Output of the electronics and communication equipment manufact

uring sector, pharmaceutical manufacturing and aerospace and equipment manufacturing wer

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The US’ monetary hegemony is itself a big impedim

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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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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Having read out Xi’s letter at the opening ceremony, Li H

ongzhong, secretary of the Tianjin Municipal Committee of the Communist

Party of China, said Tianjin would embrace a new era of intelligence, create a new intelligen

ce-based economy, step up AI cooperation with other countries and speed up the building of an “intelligent Tianjin”.

Li said the city will intensify efforts to boost AI applications in fields of urban management, public services, transportation and logistics, healthcare and security.

Minister of Science and Technology Wang Zhigang said China

is drafting regulations and standards for regulating AI and will publish them soon.

Wang said more effort is needed to make breakthroughs in basic AI theories and core techn

ologies, expand the application fields of AI and further propel the deep integration of AI with various industries as p

art of a broader push to support the development of the real economy and improve people’s livelihoods.

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Its use of state power to throttle the development of a fore

foreign company not only jeopardizes fairness and justice in world trade, it

also poses a tangible threat to the security of 5G networks.

As Huawei said in a statement, “If the US restricts Huawei, it will not make the US safer, nor will

it make the US stronger. It will only force the US to use inferior and expensive alternative equipment.”

Inferior equipment that might be exploited by criminals and terrorists.

That the order is politically motivated rather than for security purposes can be seen from the fact that i

t is merely the latest in a series of moves by Washington targeting Huawei-one of which was particularly despicable.

It has also tried to rally its allies to its cause, most recently at a conference in Prague on May 2-3. But i

t has been unable to persuade them that it is not simply being malicious in pursuit of putting America first.

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The number of its exhibits, ranging from train tickets an

d an unfinished self-knitted sweater to a wedding dress and a tie with a lipstick mark, has in

creased by threefold to more than 200. All the objects are left behind from breakups and donated by the public.

People seem to find closure for a broken relationship by donating souvenir

s from former lover, Kang Shidong, owner of the museum, told Shanxi’s news portal sxrb

.com. He said a young man brought a bracelet and spent a whole afternoon writing a note, elaborating his love story.

Besides closure, what surprises Kang is that some visitors fell in love after coming across each other at the museum. “As f

ar as I know, some have entered romantic relationships,” said Kang. “I’m happy to see that. The purpose of estab

lishing such a museum is for people to say goodbye to their old relationship and stride into a new one.”

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The Chinese government puts high importance on work re

ating to broadband connections at reasonable rates. General Secretary Xi Jinping issued instructi

ons on several occasions, stressing the need for enhanced information infrastructure building to provide people with acc

essible, affordable and user-friendly information services. Premier Li Keqiang emphasized that solid efforts must be made

for faster and more affordable internet services and sharpen the country’s international competitiveness in this regard.

Figures from the Ministry of Industry and Information Technology show that 1,000M broadband has been piloted in 100-plus Chin

ese cities. The country now has more than 3.76 million 4G base stations and 1.17 billion-strong 4G network users.

It was agreed at the meeting that as required by the Central Economic Work Conferen

ce and the Government Work Report, efforts must be intensified to make internet servic

es faster at a lower rate. This will not only benefit and facilitate companies and the people, but will also help boost effe

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A possible measure to reduce the hidden debt wou

uld be to separate the government-owned assets from that of the companies and let the State-owned businesses run by thems

elves, said experts close to the matter. This is particularly so for some public and infrastructure construction proj

ects. But it also means that the local governments will not be undertaking the default risks.

Experts said the minister‘s viewpoint is a signal that the authori

ties are determined to solve the vexed debt issue with more details set to emerge later and star

t a national campaign for preventing systemic financial risks, amid rising external trade challenges.

Other measures could include selling part of the State-owned assets, rest

ructuring the State-owned enterprises, or reorganizing projects, said Liu.

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