President’s Russia visit eyes global stabilitys talks with his

President Xi Jinping’s upcoming visit to Russia reflects close cooperation between China and Russia,

which is important to maintain the stability of the international community amid rising uncertainties, analysts said.

Xi will make a state visit to Russia from June 5 to 7 and attend the 23rd St. Petersburg

International Economic Forum, Foreign Ministry spokesman Lu Kang announced on Wednesday.

The trip is part of the annual exchange of visits between the two countries’

heads of state, after Russian President Vladimir Putin attended the Second Belt and Road Fo

rum for International Cooperation in Beijing in April and had talks with Xi on the sidelines.

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In a statement on May 16, Huawei said that losing acce

ss to US suppliers “will do significant economic harm to the US companies” and affect “tens of thousands of US jobs”. In total, US firm

s sold an estimated $11 billion worth of components to Huawei last year, according to earlier media reports.

“I’m not able to tell you exactly what the costs will be; it differs from company to company,” said Allen.

“But clearly, from a corporate perspective, this Department

of Commerce action has created costs and has escalated the uncertainty quite a bit.”

Asked to comment on some voices in the US calling for the “decoupling” of the two countries, especially in the technology sect

or, Allen said both sides should pursue a playing field of “smart competition and engagement”, in which the

y play by a “common set of rules” that are mainly set by World Trade Organization obligations.

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employment market, based on big data of online recruit

 this year was 1.68, down from 1.91 in the first quarter of 2018. Although the figure was above 1, the balance line, it was the first decline since the beginning of 2018.

About 8.34 million new college graduates and 2 million migrant workers are expected to enter the job market this year. Added to the list of job seekers woul

d be those who lose their jobs because of the industrial structural transformation and special type of job see

kers such as veterans. This means at least 12 million urban jobs have to be created this year.

Still, the employment pressure this year is not overbearing for two re

asons. First, the number of job seekers has not increased considerably from last year.

In fact, the number and ratio of China’s working-age people have both d

eclined for the seventh consecutive year. Over the past seven years, China’s working-age

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A great debate set over tariffs, technologyhorwom

Two television anchorwomen — one from China and one from the US — will debate

two sides of the long-running trade dispute between the two countries.

Liu Xin, a mainstay of the China Global

Television Network, and Trish Regan, a former CNBC busi

ness correspondent who now hosts her

own show on the Fox Business Network, will have at it over i

ssues such as tariffs and technology

Wednesday at 8 pm EDT in the US and simultaneously at 8 am Thursday in China.

The discourse will take place via satellite, as Liu will be in CGTN’s studio in Beijing, while Regan will be at Fox’s studio in New York.

The debate idea came about after the two newswomen clashed earlier this month after Regan said Beijing stole “$600 bill

on worth of intellectual property a year”, leading to the Trump administration tariffs.

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The world’s second-largest economy maintained its fore

eign exchange reserves at $3.095 trillion at the end of April. The reserve amount was stable, altho

ugh it slightly retreated from $3.098 trillion at the end of March, according to the State Administration of Foreign Exchange.

Li Yang, director of the National Institution for Finance and Development of the Chinese Academy

of Social Sciences, said that China is unlikely to sacrifice foreign exchange reserves to de

fend its currency, even if depreciation pressure rises amid any escalation in trade tension.

In May, the offshore RMB exchange rate against the US dollar dropped more than 3 percen

t under market pressure as global investors worried about the escalation of trade friction.

Guo Shuqing, Party secretary of the People’s Bank of China, the central bank, said on Monday that higher US tariffs on Chin

a’s imports triggered financial market volatility, and this also affected the offshore RMB.

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The 5G tech will not only improve the way people liv

 live and work, but also accelerate China’s social digital transformation as well as build key competence amid the uphill battle in the global industry,” Huang said.

“There are huge investment opportunities for 5G industries, including materials, chips,

main equipment suppliers, base stations, antenna, cloud computing, internet of vehicles and the internet of things,” Hu

ang said. “5G will bring historic opportunities for China’s economic and social development.”

A new 5G research institute has also been established in Yizhuang, Beijing on Wednesday.

According to a new report by Global System for Mobile Communications Associ

ation, China is set to become the largest 5G market in the globe, with 460 million 5G users by 2025.

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At present, 5G has become the driving force to boost Ch

hina’s innovative and high-quality development,” Sui Zhenjiang, vice-mayor of Beijing, said on Wedne

sday during a 5G industrial development and investment summit held in Yizhuang, in southeastern Beijing.

“Beijing is actively transforming itself as a national scientific and tech

nological innovation center. With advantages in complete telecom infrastructure, abunda

nt talent and strong research and development capabilities, we have the resolve to accelerate the push for making brea

kthroughs in 5G technologies and build an independent and innovative 5G industrial system,” Sui said.

As of May 24, the three major telecom operators-China Mobile, Chin

a Telecom and China Unicom-have established 4,700 5G base stations in Beijing, acc

ording to Wang Gang, head of the Beijing Municipal Bureau of Economy and Information Technology.

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The Global Times called the face-off of the two ancho

orwomen “friendly, meaningful talks. Both agreed: trade war is bad! (For Trish, that’s a change of hea

rt, since she had tried to justify the US trade war against China.)”, it said on its Twitter account.

A Twitter user, Ryan Bryant @RayCaiYan, said in a reply to Regan’s tweet, “That was not even a DEBATE, more like a Q&A session

. I thought Trish could leverage some of Liu’s answers to discuss the issues further, but sadly she couldn’t.”

FionaXu tweeted: The American hostess is talking about free market. Tell me how American

market is “free” under Trump’s government? You mean protectionism equals free market???”

Jon Taylor, a professor of political science of the University of St. Thomas in Houston, said that while they pretty muc

h disagreed on everything, it offered US viewers the chance to actually hear the Chinese side of the issues.

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Local government authorities said the races may disturb g

 Chen Xiang, head of the sports bureau of Qiannan prefecture in Guizhou, t

old the thepaper.cn. It was agreed after meetings with education authorities and parents of stud

ents that the large crowd gathered during dragon boat races will create noise, Chen said.

Therefore, the dragon boat racing activities in the city, previ

ously scheduled on June 5-7, were postponed to June 9-11. Teams participating in the races were cont

acted and told the reason for the delay. They understood the reasons, Chen added.

An official at the sports bureau of Chizhou city, Anhui, said they have received letters and calls f

rom parents of examinees and people, expressing their concerns (that noise generated by dragon boa

t races may disturb students sitting the gaokao). So the bureau decided to postpone the races until June 9-10.

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Xi calls for bolstering reform, developmentonomic gro

Xi Jinping, general secretary of the Communist Party of China Central Committee, called on Wednesday for further efforts to prevent and eliminate major

problems in the nation’s reform and development against the backdrop that uncertainties and instabilities are on the rise.

Xi, also Chinese president and chairman of the Central Military Commission, made the remarks whil

e presiding over a key meeting of the Central Committee for Deepening Overall Reform. He is the director of the committee.

Saying China is facing profound changes in its reform and development against the backdro

p of increasing external uncertain and unstable factors, Xi said the country must maintain a strategic focus.

Substantial and resolute efforts must be made to prevent major contra

dictions and outstanding problems through coordinated planning and targeted mea

sures to make reform better serve the country’s economic and social development, Xi said.

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