Xi to visit Kyrgyzstan, Tajikistan, attend A summits

President Xi Jinping will pay state visits to Kyrgyzstan and Tajikistan f

rom June 12 to 16, a foreign ministry spokesperson announced Sunday.

From June 12 to 14, Xi will pay a state visit to Kyrgyzstan and attend th

e 19th meeting of the Council of Heads of State of the Shanghai Cooperation Or

ganization (SCO) to be held in the capital city of Bishkek, Spokesperson Lu Kang said in a statement.

From June 14 to 16, Xi will attend the fifth summit of the Conference

on Interaction and Confidence Building Measures in Asia (CICA) in Dushanbe, t

he capital city of Tajikistan, and pay a state visit to the country, Lu added.

Xi is paying the visits at the invitation of Kyrgyz President Soo

ronbay Jeenbekov and Tajik President Emomali Rahmon, according to Lu.

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It is one of the oldest festivals, not only in China but also

hroughout the world, with a history of more than 2,000 years. In 2006, the traditional festival was listed as part of China’s

national intangible cultural heritage. In 2008, it was recognized as a public holiday in the Chinese mainland.

The Dragon Boat Festival commemorates the death of Qu Yuan, a Chu state

official and poet who lived during the Warring States Period (475-221 BC) before the reu

nification of China under the Qin Dynasty (221-206 BC). He was exiled after opposing his king’s decision to ally wit

h the neighboring state of Qin, and when Chu was finally conquered by Qin, he

committed suicide by drowning in the Miluo River on the fifth day of the fifth lunar month.

The Chu people, who admired Qu Yuan for his loyalty and integrity, th

rew rice dumplings into the river to feed the fish so they would not eat the body of their po

et hero. People then started dragon boat racing to scare off the fish.

Since then, the fifth day of the fifth month on the lunar calendar is cel

brated as the Dragon Boat Festival. The following are some customs for the festival.

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Jinping takes questions at the 23rd St. Petersburg Interna

上海乌托邦品茶微信Speech in St. Petersburg highlights global teamwork, BRI coordination

President Xi Jinping reaffirmed China’s stance on promoting the process of economic global

ization and maintaining the multilateral trading system at a forum held in Russia on Friday.

China would like to share its most advanced scientific achievements with the world, inclu

ding 5G technologies, and jointly cultivate new core competitiveness and share its economic growth model, Xi said.

The president made the remarks in a speech at the plenary session of the 23rd St. Petersburg International Economic Forum.

Xi said that China will continue to deepen its reform and ope

ning-up, ease market access and build a market environment with fair competition.

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China Baowu Steel Group Co Ltd, State Power Investme

ent Co Ltd, and China Shipbuilding Industry Corp, accordin

g to data from the State-owned Assets Supervision and Administration Commission.

David Lipton, the International Monetary Fund’s first deputy managing director, sa

id: ” (China’s) Credit growth and corporate debt have been reduced thanks to concerted efforts to strengthen fin

ancial regulation, reduce regulatory arbitrage, and improve the framework for financial supervision.”

His statement came after the IMF published a report forecasting that China’s economic growth is expected to mo

derate to 6.2 percent this year, down from 6.4 percent in the first quarter, as uncertainty around trade tensions re

mains high and risks are tilted to the downside. Inflation, in the meantime, is projected to rise to 2.3 percent.

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Fortunately, a growing number of Chinese high net wort

th investors have started to realize the importance of not putting all their eggs in one basket, said Zi Yu

an, head of investment platforms and solutions at UBS Securities. One solution is to hold dif

ferent currencies to avoid the possible risk of the exchange rate fluctuation of one single currency.

“They are looking at more overseas markets. Different markets sometimes are litt

le connected. For example, the Chinese stock market was really disheartening last year. But if an investor all

ocated his assets in the US stock market or other markets with high yield bonds, the loss in the Chinese stock m

arket will be offset and the stability of the entire investment portfolio will be further consolidated,” he said.

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More intl students take postgraduate programs in China

A total of 85,000 international students studied in postgraduate program

s in China in 2018, a year-on-year increase of 12.28 percent, the Ministry of Education said on June 3.

Among 492,200 international students studying in China in 2018, 52.44 percent were studying in

degree programs, up 6.86 percent from 2017, said a press release from the ministry.

The growth of international students in engineering, management, science and agricultural science all reached 20 perce

nt, indicating the increasing attraction of science programs in China, the statement said.

The international students in China came from 196 countries a

nd regions and 52.95 percent of them were from 64 countries along the Belt and Road.

About 63,000 of them were sponsored by Chinese government scholarships, the ministry said.

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hina’s revised civil servant law takes effect

China’s civil servant law, newly revised in December 2018, took effect Saturday.

The revised law clarifies systems of civil servant promotion and asses

sment, and includes statutes to improve rewards and benefits such as pension schemes.

It also tightens supervision over civil servants, keeping its statutes in

line with the supervision law and disciplinary rules of the Communist Party of China.

The revised law bans civil servants from working as leaders of industry regulators or administrati

ve departments in charge of supervising businesses run by their spouses, children or in-laws.

The civil servant law first took effect in 2006.

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General Wei is scheduled to give a speech on China’s se

ecurity cooperation with the international community and will meet heads of several

foreign delegations, Wu said at a news conference in Beijing on Thursday afternoon.

hina’s tech giant Huawei Technologies Co maintained its ranking as the w

orld’s No 2 smartphone vendor, continuing to narr

ow the gap with Samsung, the first on the list, market research company Gartner Inc reported.

With 71.62 million in smartphone sales, the world’s top vendor Sam

sung saw its market share reduce from 20.5 percent to 19.2 percent in the first quarter of this year.

Huawei sold 58.4 million units of smartphones in the same p

eriod, up 44.5 percent year-on-year, the highest growth among the world’s top five.

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ale Zhang, managing director of Shanghai-based con

nsultancy Automotive Foresight, said SEAT’s smaller cars will help its parent company to reach custo

mers in China’s smaller cities, where electric cars built on Volkswagen’s own platforms would be less affordable.

Volkswagen, as well as its subsidiaries from Audi to Porsche, plan to deliver aro

und 1.5 million electrified vehicles, most of them pure electric cars, in China by 2025.

It also expects global sales of electrified vehicles will total 22 million by 2028, and half of them will be produced in China.

China overtook the United States as the largest producer and market of new energy vehicles in 2015.

The China Association of Automobile Manufacturers expected sales of su

ch vehicles to reach at least 1.6 million this year, up from 1.2 million in 2018.

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Xi envisions cooperation on big data development

resident’s message calls for tackling legal, security, governance challenges

President Xi Jinping called on Sunday for strengthened cooperation among countries to explor

e opportunities of digital, internet-based intelligent development and to properly address leg

al, security and governance challenges arising from big data industry development.

He made the remarks in a congratulatory letter to the China Intern

ational Big Data Industry Expo 2019, which kicked off in Guiyang, Guizhou province.

The new generation of information technology, represented by the

internet, big data and artificial intelligence, is booming at present and has significant and

profound influence on various countries’ economic development, social progress and people’s lives, Xi said in the letter.

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