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Lieutenant General Shao Yuanming, deputy chief of

f the Joint Staff Department of China’s Central Military Commission, said in an afternoon media briefing on behalf of the Chinese delegation that the People’s Lib

eration Army appreciates the US’ willingness to communicate and maintain a stable China-US military relationship.

However, Shao said Shanahan also made some inaccurate claims on China’s military d

evelopment and strategic intentions in his speech, “and the PLA resolutely opposes these accusations”.

Regarding the Taiwan question, the US side has reiterated its

military support to the island based on the so-called Taiwan Relation Act.

“I must stress that Taiwan is an inseparable part of China, and the one-China p

rinciple is the foundation of China-US relations and an international consensus,” Shao said.

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The IMF research, citing official data, found that the

 revenue collected by the US government through hefty tariffs on Chinese imports, has been paid almost entirely by US importers.

“Some of these tariffs have been passed on to US consumers, such as those on washing machines, wh

ile others have been absorbed by importing firms through lower profit margins,” the research said.

Any further increase in tariffs will likely be passed through to consumers, it said.

China and the US, the world’s two largest economies, have been embroi

led in a tit-for-tat trade confrontation over the past few months. Washington threatened to fur

ther escalate a tariff war and increased tensions by tightening restrictions on Chinese companies.

Earlier this month, the US raised tariffs on $200 billion of Chinese imports from 10 percent to 25 percent, and China took coun

termeasures. Then the US administration listed about $300 billion more of Chinese goods for possible tariff hikes.

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Li’s restaurant isn’t the only one to feature “isolated dining” Eater

ries boasting the concept, which originated in Japan, have sprung up in many cities includi

ng Shanghai, Xi’an, capital of Shaanxi province, and Shenzhen and Guangzhou, both in Guangdong province.

Kong Yanling is a big fan of singles-friendly restaurants. The 25-year-old unattached Xi’an res

ident remembers passing a Korean-style chicken restaurant a few years ago and deciding to drop in.

However, the waitress at the door told her the restaurant only served large, shared platters. Kong took the hint and left.

She has also found herself dining with strangers involuntarily when waiters have asked if she minded other people sharing her table.

“I don’t mind eating alone, but sometimes things like that really bugged me. I am ve

ry happy to see more singles-friendly restaurants appearing so there is more choice when eating out,” she said.

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The integrated development of the Yangtze River Delta re

gion must focus on the key elements of greater integration and high-quality developmen

t to lead the growth of the whole Yangtze River Economic Belt and East China, the statement said.

The meeting called for better awareness of integrated development and putting the region’s growt

h into the perspective of a unified strategy, as well as the development of a modern economic system.

It also required adequate coordination and implementation to ensure the effective implementation of various tasks in the plan.

The delta region, including Shanghai and Jiangsu, Zhejiang and Anhui provinces, is among the areas with the most robust econ

omic growth, the highest level of opening-up and the strongest capacities in innovation in China.

The total GDP of the delta region reached 21 trillion yuan ($3.06 trillion) in 2018, which

accounted for around one-fourth of the national total, according to Economic Daily.

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The legacy plan for the Olympic and Paralympic Win

ter Games was unveiled in February. Plans aim to optimize the

venues’ designs and operations to be beneficial to the hosting regions after 2022.

“Here, you have the venues from 2008 that are going to be used in 2022 for a complete set of winter sports. This is a wonde

rful legacy story,” said Juan Antonio Samaranch, vice-president of the International Olympic Committee.

Powering all the 2022 venues using green energy while minimizing environmental impacts, while

planning for their post-Games operations, are key in venue preparation this year, Liu said.

To support the preparations financially, Beijing 2022 has signed nine domestic market

ing partners and four second-tier sponsors, while the Games’ licensing program, whic

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They cited a report in February from Trade Partnership World

wide as saying that increasing tariffs on $200 billion of goods to 25 percent, coupled with tariffs already in place — as well as expect

ed Chinese retaliation — would reduce US employment by more than 934,000 jobs and push down the US GDP by 0.37 percent.

According to data from the General Administration of Customs, two-way trade between China and

the US declined 11.2 percent year-on-year to 1.1 trillion yuan ($162.5 billion) in the period from January to April.

The fact that Beijing is still sending a delegation to the US for the trade talks is “very wise on China’s part”, said Gary Hufb

auer, a senior fellow and trade expert at the Peterson Institute for International Economics in Washington.

Douglas H. Paal, vice-president of the Asia Program at the Carnegie Endowment for Internat

ional Peace, said it “makes sense to continue the talks because the alternative would be a drastic signal to markets”.

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He underscored the importance of information technol

ogy to the country and people, and called for propelling the development of cloud computing, big data, artificial intell

igence and the industrial internet in a bid to advance the building of a digital China and a smart society.

He also said more work is needed to promote the integration and sharing of infor

mation resources between urban and rural areas to narrow digital gaps and unleash the vitality of digital sectors.

Zhuang Rongwen, head of the Cyberspace Administration of China, said enterprises are being encouraged to ramp up inve

stments and make breakthroughs in core technologies, and to make full use of international innovative resources.

Zhuang also called for speeding up the commercialization of 5G a

nd the deployment of the Internet Protocol version 6 network, as well as pushing forw

ard the digital economy so as to cultivate new driving forces and promote high-quality development.

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In the 1980s, the share of the US in the world econ

omy was more than 20 percent; in the past four decades, it has steadily

declined to 15 percent. At the same time, China’s share (in purchasing powe

r parity terms) has soared from 5 percent to about 20 percent. While the PPP indicators inflate the

pace of progress, the trend lines do herald a coming structural shift in the world economy.

China can foster the share of developing nations

In the future, the well-being of the advanced economies will de

pend on the rising living standards in less-wealthy nati

ons. And just as US leadership supported the role of the advanced countries in the 20th century world, Ch

ina has the potential to foster the share of emerging and developing countries in the 21st century.

In particular, the China-proposed Belt and Road Initiative can redirect domestic overcapacity and ca

pital for regional infrastructure development to improve trade and relations with Southeast and So

uth Asia, Central Asia, the Middle East and Europe-even across the Americas and Sub-Saharan Africa.

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For example, technologies like artificial intelligence

have improved the company’s stocking and inventory processes.

“Earlier we were reliant on the intuitions and experience of the local operation team. With the

use of technology like AI and big data, we are getting more accurate answers.”

As a larger and older retailer, Walmart has constantly worked with startups, said McMillon, citing the new Omega 8 platf

orm that enables retail innovation startups to collaborate with Walmart China to create better services for customers.

McMillon cited the example of a scanning ring developed by a starup for

Walmart that shortens pickup time for JD Daojia orders to less than 10 minutes and impr

ovements in the overall efficiency by 50 percent. Walmart’s WeChat mini-program has over 30 million members and is

developing an e-commerce service based on WeChat to help customers shop more easily and more accurately.

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D’s stock tumbled after the student first accused Liu in A

August, and its shares have slowly crawled back since Decembe

r. Hong Tao, an analyst from GF Securities, said the tech heavyweight has faced troubles. JD’s adv

anced logistics system, which is its core strength, has been overtaken by Alibaba’s Cainiao Logistics.

JD is in the spotlight as it is reducing salaries for its delivery staff and seeing a round

of shake-ups in its management team. Its chief technology officer Zhang Chen, chief lega

l officer Long Yu, and chief public affairs officer Lan Ye, all announced their resignation within just one month.

The company said in February that it would lay off 10 percent of its senior executives above vice-president level this year.

The 7-coin set contains two gold coins and five silver coins, with a variety of shapes. Designs i

nclude traditional Chinese ornamentation, dragon, phoenix, flowers and bird. All are legal tender.

The coins are made by Shenzhen Guobao Mint, Shenyang Mint and Shanghai Mint.

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