On behalf of our hundreds of millions of footwear cons

sumers and hundreds of thousands of employees, we ask that you im

mediately stop this action to increase their tax burden,” the group said.

The group’s reasoning echoes an earlier comment from David French,

senior vice-president for government relations at the Nat

ional Retail Federation, who said, “Saying that China is paying these tariffs doesn’t hold water.”

About 99 percent of all shoes sold in the US are imported. Last year alo

ne, it imported 2.5 billion pairs, nearly 70 percent of which came from China, ma

king the Asian country the largest source for US shoe imports, according to statistics provided by the FDRA.

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The image, which showed a ringlike structure with a da

ark central region-the black hole’s shadow-depicted the black hole at the heart of Messier 87, a massive, distant gala

xy in the nearby Virgo galaxy cluster. It is 55 million light-years from Earth and has a mass 6.5 billion times that of the sun.

It was one example of the role that Tianma has played in international coordinated

observations. Its super sensitivity has made its observations useful as a reference by which other parti

cipants in the network can adjust their data, according to the Shanghai Astronomical Observatory.

“Tianma elevated the image quality of the EAVN, by about 50 percent, making a great co

ntribution to the research on extreme objects in the universe, such as black holes,” Shen said.

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Top regulator says economy set for growthand

Transformation of traditional industries speeding up, riding wave of high tech

The Chinese economy is poised for more vigorous growth after gathering new strength through upgrad

es in traditional industries and accelerating the growth of high-tech industries and emerging sectors.

The country will further expand market access with a nationally unified, annually released and timely adjusted negative list for m

ore market vitality, according to the National Development and Reform Commission, China’s top economic regulator.

Meng Wei, spokeswoman of the commission, said at a media conference on Fri

day that China has made steady progress in cultivating new momentum and promoting t

www.fangzhenjiang.cn

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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Liu’s article was published in Qiushi Journal, a flagship m

magazine of the Communist Party of China Central Committee. He said more efforts a

re needed to implement the proactive fiscal policy and boost efficiency this year.

Preventing and defusing local governments’ hidden debt risks is key to controlling major risks, he said.

Innovative financial tools will be introduced for debt swaps, and the indebted comp

anies will be allowed to choose the same way, under guidance from the local governments, Liu Shangxi, hea

d of the Chinese Academy of Fiscal Sciences, the Ministry of Finance’s think tank, told China Daily.

“The total amount of hidden debt waiting to be swapped has not yet been calculated, as this

round of debt swaps will not involve the government’s administrative orders, but depends on the ma

rket’s appetite based on the evaluation of the potential default risks and the companies’ solvency,” he said.

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hina promises to counter US tariffsay urged tes to c

China’s Ministry of Commerce on Thursday urged the United States to correct its use of tariffs, and vo

wed to take necessary countermeasures if the US’ new tariff plan targeting $300 billion in Chinese imports takes effect.

The US government’s bullying behavior and maximum pressure regime on China violate mu

ltilateral trade rules, ministry spokesman Gao Feng said at a regular news conference.

The office of the United States Trade Representative proposed to take further action by imposing 25 percent of addition

al tariffs on Chinese imports with an annual trade value of approximately $300 billion. The USTR is seek

ing comment and will hold a public hearing regarding the proposed modification on June 17.

Gao said the impact of US tariffs imposed on Chinese products starting last year was “completely controllable.”

guapogang.cn

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

Reducing poverty must begin with reducing ignorance. Ther

refore, giving rural children a good education is an important task in poverty relief, and

also a crucial means to stop poverty from being passed on between generations,” he said.

“The poor regions are the bottleneck in building a moderately prosperous society by 2020,” Xi wrote.

While talking with students and teachers at a primary school in Zhongyi, a towns

hip in Chongqing’s Shizhu Tujia autonomous county, in April, Xi

said compulsory education is an important part of poverty eradication.

Children in impoverished mountainous regions must be guaranteed access to education, an

d they should have a happy childhood, Xi said during his visit to Chongqing. He encouraged teachers to sett

le down in such regions, dedicate themselves to education in rural areas and contribute to poverty reduction.

www.qianpadcl.com

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

changjiangjiaoxiang.cn

Now that it has reached middle-income status, China’s eco

nomic strategy will focus on creating a highly competitive domestic market that forces com

panies to produce high-value goods so they can pay high wages to highly skilled people.

Because of its long experience in manufacturing, much of tha

t push will be focused on higher value-added production, using the new technologies of r

obotics, artificial intelligence, the internet of things and 5G. This is the only way to avoid the middle-income trap.

The reform and opening-up policies are exactly the kinds of market-driven reforms

needed to make this happen. The Chinese government is investing heavily in research and development, but it sho

uld be noted that the R&D spending as a percentage of GDP is still lower than that of the US.

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