In particular, we need to strengthen international coop

peration in AI governance including laws and regulations, ethical norms and international rules,” Wang said.

The State Council issued a plan in 2017 that set benchmarks for China’s AI sector, with the value of core AI indu

stries predicted to exceed 1 trillion yuan ($145 billion) and make the country the global leader of AI innovation by 2030.

In December, Tianjin unveiled a three-year plan to boost the innovative development of seven AI-related indust

rial chains including independent and controllable information systems, smart security, big data, advanced co

mmunications, intelligent connected vehicles, industrial robots and intelligent terminals.

According to the plan, the government will build Tianjin into an AI in

novation center and a hub of AI industries and innovative applications by 2020.

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f the escalation of the bilateral trade dispute is not a short det

detour before reaching a deal sooner or later, then the economic impact for consumers in China and t

he US, as well as other parts of the world, will be fairly costly, said Chen Wenling, chief econ

omist at the China Center for International Economic Exchanges.

Whether they buy finished products or goods made from r

aw materials and components, the tariffs still exist, Chen said.

The escalation will make goods produced by both countries less co

mpetitive and cause large-scale job losses, said Chen.

Wei Jianguo, former vice-minister of commerce, said economic conflict

s and trade friction between China and the US that draw global attention will happen fro

m time to time in the future, and these should be rationally regarded and prepared for.

www.wuxianzhongguo.cn

Santarita said a similar concept can also be found in other

Asian countries, citing the Philippines’ compadrazgo and Indonesia’s bapakism as examples.

Compadrazgo, a Spanish word that literally translates to “co-fatherhood”, is based

on a kinship ritual that is formed after a child gets baptized into the Roman Catholic faith.

For the predominantly Catholic and close-knit Philippine society, t

he godfather (known as the padrino) is part of one’s extended family and is expected to he

lp and protect his godchild. The godchild is expected to respect and be loyal to the padrino.

Bapakism is derived from the Indonesian word for “father”. When us

ed in Indonesian business, bapakism demands great respect and obedience to one’s su

perior. The manager in his role as the company’s bapak is expected to look after and care for his employees.

Although Asian values are steeped in an ancient culture and tradition, it was only in t

he 1990s that this concept drew global attention. This was partly due to Asian leaders like the la

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the UN Office for Disaster Risk Reduction and the Alliance of

ernational Science Organizations, a group created to connect the scientific communities of BRI participants.

Bai Chunli, president of the academy, said in the conference’s opening ceremony on Saturday that areas along the Silk Road are

prone to various natural disasters that have resulted in massive loss of life and economic damage.

“As a result, it is paramount to use new technologies and international cooperation to jointly tackle these nat

ural disaster risks, protect ecological security and achieve sustainable development,” Bai said.

The academy will continue to collaborate with foreign partners to create new platfor

ms and mechanisms to improve disaster management and ecological protection, he added.

Mami Mizutori, head of the UN Office for Disaste

r Risk Reduction, said in a video speech that the scale and reach of the world’s largest infrastructure initiative will impact billi

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Govt should accelerate tax cuts to invigorate economy, premi

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Premier Li Keqiang urged government departments to speed up the implementation

of tax reductions to invigorate the country’s economy, amid rising uncertainties about growth on Friday.

Li was speaking with entrepreneurs from the manufacturi

ng, construction and service sectors at the Zhongnanhai leadership compound in Beijing.

The businesspeople said they have received benefits from the tax reduction measu

res in the past months, after the measures were introduced by Li in the Government Work Report in March. They

also offered advice on how to further ease the tax burden on businesses.

After hearing their opinions, Li called tax reduction a great decision made by the Communist Party of China Central Comm

ittee and the State Council. It has boosted market confidence in outstanding ways and promoted the stable

growth of the economy, he said, adding that the positive factors for economic growth are increasing.

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market confidence in outstanding ways and promoted the stab

le growth of the economy, he said, adding that the positive factors for economic growth are increasing.

Noting that the uncertainties in the global economic environment are also rising and there remai

n downward pressures on the domestic economy, Li called for both attention and confidence from the entrepreneurs.

Related departments should follow the guidance of Xi Jinping Though

t on Socialism with Chinese Characteristics for a New Era, invigorate the market thro

ugh deepening reform and opening-up and ensure the stable growth of the economy, Li said.

He said that tax reduction is the key to improving the business environm

ent and invigorating the market, which will not only stabilize growth and employment bu

t also encourage companies to invest more in innovation for long-term development.

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This is a predicament for soy growers,” American

American Soybean Association President Davie Stephens said on Tuesday.

President Donald Trump threatened in a tweet on Sunday to increase tariffs.

Stephens, a grower from Clinton, Kentucky, said that US farmers are in a tough situation, and with depressed prices

and unsold stocks forecast to double before the 2019 harvest begins in September, farmers urgently need the China market.

“We need a positive resolution of this ongoing tariff dispute, not further escalation of tensions,” he said in a release posted on the ASA web site.

Nicole Kaeding, vice-president of federal and special projects at the Washington-based Tax Foun

dation, said that if the Trump administration follows through on the president’s threat, it’s US taxp

ayers, not Chinese taxpayers, who will pay the price — thanks to higher prices and fewer job opportunities.

www.suiyincoin.cn

Efforts should be made to give people a more solid and

sustained sense of security, Xi said.Beijing blasts US Congress for Taiwan defense bill

Xi called for reforms in public security work and said big data should be used as a major engine to promote innovation in the sector. More

measures for higher-quality services should be implemented to give the public a substantial sense of fulfillment, he added.

While demanding that high discipline be exercised within the public security forc

es, Xi said there will be zero tolerance for violations of laws and Party discipline.

He also urged Party committees at all levels to suppo

Beijing resolutely opposes the United States House of Representatives for passing a bill on Tues

day to bolster Taiwan’s defense capability, calling it “boorish interference” in China’s domestic affairs.

Foreign Ministry spokesman Geng Shuang made the comment on Wedn

esday after the House voted to pass a nonbinding resolution reaffirming the US commitment to Taiwan. It also backed the

so­-called Taiwan Assurance Act of 2019, which supports Taiwan increasing its defense spending.

rt public security staff in exercising power and fulfilling their responsibilities in accordance with the law.

shuyin-edu.cn

Services are growing rapidly. The value-added of th

 tertiary sector, which is mainly services, grew from 56.7 to 57.3 percent of GDP from the same period last year. The

Index of Services Production increased 7.4 percent year-on-year, higher than the growth rate of overall GDP.

Overall retail sales of consumer goods also grew at 8.3 percent. Sales of upgraded consumer goods witnessed fast gro

wth, with the highest rates concentrated in upgraded products such as cosmetics, phones and computers.

And, high-tech services grew at an astonishing rate of 21.2 percent. In prepa

ring for consumer 5G telecoms next year, the output of mobile communications base stations grew 153.7 percent.

The data also show strong movement toward the government’s goal

of creating an ecological civilization. New energy automobiles and solar cells grew by 48.2 percen

t and 18.2 percent, respectively. Sales of urban rail vehicles grew by 54.1 percent, showing the

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Germany, another European country, has no plans to

block Huawei from participating in the buildup of its 5G ultra-high-speed intern

et, according to a previous China Daily report citing a Financial Times interview with the pres

ident of the Bundesnetzagentur, Germany’s telecommunications regulator.

Huawei CEO Ren Zhengfei said the company will comply with

European cybersecurity standards and the General Data Pr

otection Regulation laws that govern the EU during a previous interview with CNBC.

Huawei Technologies Co said on April 22 that it posted 179.7 billion yuan ($26.8 billi

on) in revenue in the first quarter of 2019, a 39 percent growth on a yearly basis.

The company had signed 40 commercial contracts for 5G by April 15, and had shipped

more than 70,000 5G base stations to markets around the world, said Huawei last week.

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