Archive February 2019

Foldable smartphones might not be the future: experts

On Sunday, China’s tech giant Huawei officially unveiled Huawei Mate X, its first foldable smar

tphone. That came just five days after Galaxy Fold, the first foldable smartphone of Samsung. But fol

dables might not be the future of smartphones, comment two experts with China Daily’s Zhang Zhouxiang:

Yuan Xuanhua, a renowned industrial designer with 20 years’ experience in smartphone engineering

Some media outlets have described foldable smartphones with so many sweet w

ords as if they were a technological breakthrough. Unfortunately, they are not. The te

chnology of foldable displays were invented as early as 20 years ago in a quite easy way — By replacing the glass th

at supports the display with foldable organic materials. Such displays can not only fold, but also curve.

Concerning the foldable screens of Huawei and Samsung, they have better displays with higher density rate and cl

earer, more stable display performance, but in essence they are still using the same technology. Therefore, f

oldable smartphones are more like a consumption-led innovation rather than a technology

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driven breakthroughs. Although among the two, the Huawei

Mate X is more practical than Galaxy Fold because the latter is folded inward to lower the risk of br

eaking apart while falling down, which is not so useful when breaking-glass insurance is popular.

More importantly, the “new” foldable smartphones are hardly of any pr

actical use. Of course, one can easily double the display of the foldable smartphone by un

folding it so it has the size of an iPad, but that’s all. In plain words, the foldable display enables users to combine a tablet an

d a smartphone into one. There might be more uses in the future, but at least not for now.

When touchable displays for smartphones was invented, they did not get popularized until certain apps that suit

ed touchable displays only, such as Fruit Ninjia, gained popularity. Now foldable smartphones faces a similar pr

oblem. Only when apps that suit the foldable smartphones are developed will the phones be truly accepted by the market.

Wu Shuyuan, a senior analyst at Sigmaintell, a company specialized in display analysis

Samsung Fold and Huawei Mate X are both foldable smartphones, but they differ greatly in terms of des

ign. The former is folded inward while the latter is folded outward, and each has its advantages and disadvantages.

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Premier financial magazine bullish on Chinese stocks market

Chinese stocks market surged on Monday with benchmark indices in Shanghai and Shenzhen jumping over 5 percent, mak

ing daily turnover break through 1.04 trillion yuan ($155.5 billion), a new record since 2015. The Barron’s, a fin

ancial weekly published by Dow Jones & Company, said the performance of Chinese stocks is much better than the S&

P 500. Global investment management corporation BlackRock also suggested lasting gains of the bull market.

Barron’s said the CSI 300 index, which tracks the largest stocks traded in the Shanghai and Shenzhen

stock exchanges, rose 6 percent on Monday, with a year-to-date gain of nearly 24 percent, twice the gai

n in the S&P 500, making the CSI 300 index one of the best performing indices globally in 2019.

The ongoing finance sector reforms and further industry open-up could also help boost the Chinese economy and the stock market, the Barron’s report said.

China’s financial system has great potential in helping stabilize the economy, a previous China Daily report said, adding that the co

untry will deepen supply-side structural reform in the financial sector and strengthen the sector’s ability to serve the real economy.

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State Councilor Wang Yi said Sino-US trade negotiations

have once again made concrete progress and provided positive pro

spects for bilateral relations and the global economy. Wang, also minister of foreign affa

irs, made the remark at an event on Monday, according to a statement issued by the ministry.

Yao Yang, dean of the National School of Development at Peking University, said, “It is encouraging that both sides have begu

n to work on the text of an agreement, which indicates a speeding up toward sealing a trade deal.”

“The progress also showed that effective economic diplomatic meas

ures can help resolve cumbersome issues and reduce confrontation between two nations,” Yao said.

After tit-for-tat exchanges of hefty import tariffs, President Xi Jinping and hi

s US counterpart, Donald Trump, agreed in December to halt new tariffs for 90 days to a

llow for talks. Since then, negotiations have been conducted on a wide array of topics.

Early Sunday afternoon in Washington, Trump tweeted that he “will be delaying” the incr

ease of tariffs on Chinese imports scheduled for March 1, due to “very productive” trade talks between the two countries.

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Rudolph, Tina Fey and Amy Poehler introduced Sunday’s

  telecast, following Queen and Adam Lambert’s opening performance of “We Will Rock You” and “We Are the Cham

pions.” The “Saturday Night Live” alums riffed off the messy build-up to this year’s awards.

  An abundance of drama surrounded the build-up to this year’s Osca

rs, even before getting around to the nailbiting best-picture finish.

  The contenders reflected the gamut of an evolving movie industry, with “Roma” representing Netflix’s arrival in mo

vies, after the streaming service’s model-bending impact on the TV business.

  On the flip side, “Black Panther” embodied the blockbusters upon which the studios have come to rely, and the th

ird-highest-grossing US release of all time at $700 million, nearly doubling that total worldwide.

  A number of individual nominees registered breakthroughs for women and people of color, only

a few years after lack of diversity among the acting categories birthed the #OscarsSoWhite hashtag.

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Huawei strongly denies the claims and is trying har

  d to persuade the world to use its 5G technology and not cave to pressure from Washington.

  ”This is not something that should be decided by politics,” Huawei’s chairman Guo Ping said on Sunday, ahead of the formal start of Mobile World Congress.

  Guo said he was hoping “independent sovereign states” will make “independent decision

s based on their own understanding of the situation and will not just listen to someone else’s order.”

  Huawei is taking the center stage at this year’s MWC in Barcelona. The event is expected to attract around 100,000 visi

tors. To get in, they will all need a badge like this, with a Huawei lanyard. pic.twitter.com/D6PRmZpqxe

  — Ivana Kottasová (@IvanaKottasova) February 24, 2019

  The US government is trying to convince its allies to shun Huawei equip

ment, which it says could be used by the Chinese government for spying. The company vehemently denies that claim.

  ”Just because you are from a certain country doesn’t mean your equipm

ent is not secure,” Guo said. He added that Huawei must abide by Chinese law and the

laws of countries where it operates. “Huawei will never, and dare not, and cannot violate any regulations,” he said.

  Vice President Mike Pence described Huawei as a “threat.” Secretary of State Mike Pompeo has warned other cou

ntries that using Huawei would make it more difficult for the United States to “partner” with them.

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ashington DC held a housewarming event inside the giant pa

  ”Giant pandas are China’s national treasures,” said Minister Xu Xueyuan, the Chinese embassy in the United States. “Although they are large in size, they are also charm

ing, tolerant, and peace-loving, representing many values of China itself, and are loved by people all over the world.”

  ”Giant pandas are also symbolic of the China-US friendship,” she told a ceremony at the giant panda house.

  The housewarming was jointly hosted by the zoo and the Chinese embassy.

  Giant pandas live mainly in southwest China’s Sichuan Province as well as neighboring Shaanxi and Gansu.

  The latest census in 2014 found there were 1,864 giant pandas alive in the wild. The number of pand

as bred in captivity reached 548 globally as of November, 2018, according to China’s National Forestry and Grassland Administration.

  At the zoo’s David M. Rubenstein Family Giant Panda Habitat currently live three giant pandas, Mei Xiang, Tian Tian and their three-year-old son, Bei Bei.

  The Smithsonian’s National Zoo is one of Washington DC’s most popular tourist desti

nations and is part of the Smithsonian Institution, a world-renowned museum and research complex.

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multi-level banking system with wide coverage and div

  erse expertise should be established, while personalized and differentiated financial products that suit market demand should be developed, he said.

  The number of small and medium-sized financial institutions as well as their proportion o

f businesses should be increased, while financial services to the small and micro firms as well as agr

iculture, rural areas and rural people should be improved, Xi said.Xi stressed the need to establish a standard, tra

nsparent, open, dynamic and resilient capital market that has sound fundamental institutional arrangements, pr

oper management on market access and exit and tightened full-process supervision on transactions.

  He said that financial services conducive to the development of industr

ial, market, regional and green development systems of a modernized economy shall be provided.

  An all-around and multi-level financial service system including ve

nture capitals, bank loans and bond and stock markets shall be put in place, he said.

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i said preventing and defusing financial risks, especially

  systemic financial risks, are the fundamental tasks of financial work, calling for accelerated construction of the fina

ncial market infrastructure and advanced efforts to nationalize key information infrastructure in the sector.

  He also urged solid statistics in the financial sector and improvement in the warning system and rules on information disclosure and management.

  Education and supervision of senior officials of financial institutions and regulators sh

ould be enhanced, and more should be done to fight corruption in the financial sector, Xi said.

  He called for dynamic supervision of domestic and cross-border capital flow to enable financial watchdogs to fully monitor all flows.

  Xi said tasks for the reform and opening-up of the financial sector should be well implem

ented, calling for the preparation and the rolling-out of new reform and opening-up measures based on

the latest development of global economy and finance as well as the strategic needs of China.

  Reforms including revamps on market access system and trading regulations should be deepened, and regulators should take a two-pronged appr

oach of enforcing both macro-prudential management and micromanagement of behaviors, he said.

  He said those causing major financial risks due to their breaches such as lax regula

tion, cover-ups or decision-making failures must be held accountable and face serious punishment.

  Efforts should be made to address the current situation where the costs of legal and

regulatory breaches in the financial sector, especially capital markets, are too low, Xi said.

  Xi urged enhancing the global competitiveness of China’s financial sector, elevating the two-way opening-up to a highe

r level and beefing up capabilities of financial management and risk prevention and control amid greater opening-up.

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In their article, the Conservative ministers warned that econom

  national security, and peace in Northern Ireland would be compromised in the case of a no-d

eal Brexit, and added the scenario would risk inflaming the nationalist sentiment in Scotland.

  ”Far from Brexit resulting in a newly independent United Kingdom, stepping boldly into t

he wider world, crashing out on March 29 would see us poorer, less secure and potentially splitting up,” they write.

  Rudd, Clark and Gauke also cautioned members of the European Research Gro

up (ERG), a Parliamentary alliance whose members advocate for a no-deal Brexit and have previously voted do

wn May’s deal, that their lack of cooperation would be responsible for a postponement in the Brexit process.

  ”It is time that many of our Conservative parliamentary colleagues in the ERG recognized that Parliament will stop a disastrous No Deal Brexit on Mar

ch 29. If that happens, they will have no one to blame but themselves for delaying Brexit,” they wrote.

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