In the past several months, China has announced and

started to implement a “negative list” program that allows foreign co

mpanies to have 100 percent ownership in investments in all areas of the economy, excep

t for a small number of areas, such as telecoms and defense, that are explicitly prohibited.

Also, foreign investment has been simplified by creating a one-stop regulatory shop and a single application process.

These new policies will lead to greater competition within China, forcing C

hina’s companies to become more efficient and to produce higher quality products.

The Chinese government has also recently announced tax cuts and financial regulations desi

gned to help private companies. This will hasten the ongoing transition to a market-driven economy.

Most Chinese State-owned enterprises are not relevant to trade negotiations. Many are in non-tradable sectors such as p

roperty development, infrastructure, or concrete. Others are basically public utilities in telecoms or power.

aishedesac.com

The conference also saw the launch of a scientific alli

lliance on international disaster risk reduction, which included around 30 institution

s and universities from countries including Italy, Belgium, Nepal, Pakistan and Sri Lanka.

The alliance will serve as a new platform for international coordinati

on and provide scientific support for disaster relief and sustainable development.

The conference was co-hosted by the Chinese Academy of Sciences, the China Association for Science and Technology, the U

nited Nations Environment Program, the UN Office for Disaster Risk Reduction and the Alliance of Int

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 Si

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

aishedesao.com

China announces new tariffs on US goodsday that it wil

China said late on Monday that it will increase tariffs on the bulk of $60 billion of US imports to three categories of rates between 10% and 25%.

For the rest of the $60 billion US imports, the duty rate will remains at 5 percent.

The tariffs will hit around 5,000 products and will take effect on June 1.

It is China’s latest response to the additional US tariffs on $200 billion of Chinese goods, which were implemented on Friday morning.

The move fully demonstrates Beijing’s firm determination to defend its due interest

s and legitimate rights in international trade and economic cooperation, according to analysts.

Guanxi, compadrazgo and bapakism. Three words from China, the Philip

pines and Indonesia that encapsulate the same values of the vast continent through the a

ges-a shared belief in the importance of the family and the community over the individual.

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Chinese exporters have from 20 to 50 percent of the

 US market in other low-value-added markets, plus electrical machinery and equipment, mechanical

appliances, and iron and steel. In most other categories, China has less than 20 percent of the US market.

China also assembles and then exports a lot of phones, computers and other gadgets to the US. But, most of the profits and

wages go to Japanese or South Korean component producers or US-based designers. For example, China ma

kes less than $9 from each iPhone. The total price of a phone is ridiculously counted as a Chinese export to the US.

It’s a good thing that China is no longer a low-wage country. Most Chinese

are much better off than they were even 10 years ago. But it does mean that these lo

w-skilled, labor-intensive industries will be moving to less-developed nations. US tariffs on such products will only se

rve to hasten the transition to higher value-added industries that China has to make anyway.

www.shoppingfair.org

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, the go

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

elp 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 used

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

rior. 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 the 1990s that this concept drew global attention. This was partly due to Asian lead

ers like the late Singaporean prime minister Lee Kuan Yew’s and current Malaysian Pri

changhaisheng.cn

Although some hospitals have established such comm

mittees, many of them are loosely organized and incapable of ethical inspection

s to ensure people’s lives and health in cases of highly risky clinical trials, he said.

Zhai of the Chinese Academy of MedicalUber Technologies Inc’s conservative initial public offerin

g could not keep its shares from sinking in their trading debut on Friday, fueling debate on Wall Street over whether the outcome of

the most anticipated listing since Facebook Inc would weigh on other Silicon Valley unicorns.

Uber considered going public for at least four years. Yet the

ride-hailing company picked a week for its IPO plagued by market turbulence fueled

Sciences said existing regulations for oversight of the life sciences co

me from various government departments and don’t sufficiently deter violations.

“Higher-level legislation is needed to establish law to hold violators criminally accountable and deter any similar behavior,” she said.

www.xxxct.cn

parking lots, they have to park their electric bicycles in corrido

ors that are often crowded with them as well as other items. Should a battery ignite, the fire will spread quickly.

Many owners like to place electric bicycles in the entrances, stair

wells, basements of the buildings they live in so they can charge the batteries overnight, but t

his practice blocks the escape routes, causing the tragic consequences of fires resulting in many deaths.

The results of professional fire tests show that in a relatively enclosed envir

onment, the battery of an electric bike can burn at 1,200 C within three minutes, and the toxi

c gas it produces can spread from the basement of a building to the sixth floor in 10 minutes.

There are regulations forbidding people to park or charge electric bikes in public areas such as sh

ared walkways, stairwells, and emergency exits, yet the ban is often ignored because the electric bik

e riders need the vehicles for transportation and they cannot find any other place to charge them.

aishedesac.com

hinese companies lead in global 5G patent applications with

Huawei ranking first, according to a report by IPlytics, an authorized patent data company.

Chinese companies topped the list for most 5G Standards-Essential Patents applications in communicat

ion systems by the end of April, accounting for 34 percent of the world’s total, The Paper reported Wednesday, citing the report.

Chinese tech giant Huawei has taken a leading role by owning 15 percent of Stan

dards-Essential Patents, according to the report Who Is Leading the 5G Patent Race?

5G SEPs are patents any company will have to use when implementing standar

dized 5G technology and no one can avoid them, giving them key value among all patents.

Three industrial leaders from China were included in the top 10 list of 5

G SEP family owners, with Huawei taking the crown, and ZET Corp and China Academy of

Telecommunications Technology grabbing fifth and ninth places, respectively.

yajkaz.cn

population, including psychological needs, so the servi

services will aim precisely at those most in need,” she said.Shan Jixiang, former director and curator of the Palace Muse

um, has been hired as Palace Museum Research Institute chief, one month after his retirement.

Wang Xudong, current director of the Palace Museum, on Wednesday handed the offer letter, dated May 6, to Shan.

Xi Huan, vice-president of Beijing Hospital, said major medical institutions need to mak

e more efforts to improve services for the elderly, including the promotion of disease prevention educ

ation and increased follow-up visits for elderly patients who have been discharged from the hospital.

“Big hospitals should provide more help for elderly patients, and more follow-up nursing services after they leave the ho

spital, so they can get timely help if problems occur at home or at community health centers,” he said.

lunran.cn

Nevertheless, it is difficult to separate cyclical elements

and external shocks from the long-term trend and to conclude that China’s potential growth rate really is 6-6.5 percent.

Many Chinese economists cite long-term supply-side structural factors-such as demographic agi

ng, environmental degradation, and a lack of progress on reform-to argue that China has simply en

tered a new stage of development, characterized by significantly lower potential growth rates.

Structural factors don’t explain falling growth rate

While this may be true-everyone in China agrees that 9-10 perce

nt annual growth rates are a thing of the past-there is no clear indication of how much Chin

a’s growth potential has actually declined. Long-term supply-side structural factors do not explain, for exam

ple, why the growth rate fell from 12.1 percent in the first quarter of 2010 to 7.4 percent in the third quarter of 2013.

trwater.com.cn