Quotable quotes from business leaders at 3rd WIC

Praising Tianjin’s efforts and achievements in intelligent sc

ience and technology, Liu Chuanzhi, board chairman of Legend Holdings Co Ltd, pred

icted the city will make a qualitative leap in two to three years by combining intelligent technologies with manufacturing.

Liu, also founder of Chinese computer giant Lenovo, said his company, like Tianjin, considers intelligent technology a new imp

etus. Lenovo is working on many intelligent applications and has invested in many high-tech ma

nufacturing enterprises. It uses various artificial intelligence-driven algorithms and machine learning to ana

lyze the data of its supply chain system, using it to optimize Lenovo’s new intelligent spare parts supply chain.

Liu Qingfeng, chairman and CEO of iFlytek, said the company has developed a series o

f products driven by AI applications, based on small samples over the past year.

The company’s latest technological breakthrough is for the first tim

e its machine has surpassed humans in English reading comprehension, Liu said.

He said that he believes AI in 2019 has entered the year of large-scale application.

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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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He says that he collected 39 different versions of Beethov

So far, the pianist has performed all of the 32 Beethoven sonatas more than 50 times.

During the China tour, Buchbinder will also be the conductor besides his role as a soloist.

Founded by Prince Elector Moritz von Sachsen in 1548, the Staat

skapelle Dresden is one of the oldest orchestras in the world and steeped in tradition.

In 2018, Staatskapelle Dresden, which celebrated its 470th anniver

sary, toured China, and it was the seventh cooperation betw

een the orchestra and Wu Promotion, China’s leading music tour promoter, since 2011.

Presenting pieces of German composer, Robert Schumann, the tour attracted nearly 7,000 music fans.

“China has great audiences who are passionate about classical music. There ar

e also many great symphony orchestras in the country, some of which are over 100 years old,” says Buchbinder.

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According to a Palace Museum statement, Shan retired

April 8 and was succeeded by Wang, former director of the Dunhuang Academy.

Shan is well known for his innovative changes to the Palace Museu

m, such as the introduction of a light show during the Lantern Festival.

By the end of 2018 over 80 percent of the Forbidden City had opened to visitors, compared with only 52 percent in 2014.

The Palace Museum established the Palace Museum Research Institute in Nove

mber 2013 as an unincorporated organization for scholarly inquiry and exchange.

The institute includes Palace Museum Institute researchers, scholars in the Palace Museum, and oth

er Chinese and international scholars, all coming together in an atmosphere of open scholarly exchange.

With a sustainable approach, the academy seeks to lead in scholarly developme

nt, formulate research strategies, evaluate scholarly writings, realize Palace Museum research goals, tra

in talent, publish quality material, and conduct international academic exchange.

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Officials urged to create safe, stable societyand

Xi underlines building professional forces at key meeting on public security

President Xi Jinping urged the nation’s public security forces to fulfill their responsibilities and missions in the new era to cr

eate a safe and stable social environment that enables people to feel an even stronger sense of security.

Xi, also general secretary of the Communist Party of China Cent

ral Committee and chairman of the Central Military Commission, made the remark at a t

wo-day national conference on public security work, which concluded in Beijing on Wednesday.

He called for building highly professional public security forces that are loyal to the Pa

rty, serve the people, promote impartiality in law enforcement and remain disciplined.

Under the new historical conditions, public security departments must

adhere to the overall national security outlook and a people-centered approach, Xi said.

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US policy has done a disservice to the international com

munity’s efforts to advance the Middle East peace process and the remarks by the president’s son-in-law and a

dviser Jared Kushner indicating that an upcoming US peace plan does not include a two-state solution with the Palestinians sh

ows the US is hoping to undermine the international consensus built on that premise. Given its complex and chronic nat

ure, there is no quick remedy to the decades-old enmity between Israelis and Palestinians. But both sides need to exe

rcise the utmost restraint so as to avoid sparking another vicious circle of violence.

Meanwhile, the latest bloodshed should convince the inte

rnational community of the urgency of finding a way to resolve the Israeli-Palestinian co

nflict. The US is in no position to act as mediator, but it should avoid doing anything to make the situ

ation worse. And notwithstanding the US stance, the consensus on a two-state solution needs to be shored up and grea

ter efforts need to be made to resolve the Palestinian-Israeli issue through dialogue and negotiations.

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Overall, the country’s industrial output grew 6.5 percent

year-on-year in the first quarter, compared with 5.7 percent in the previous quarter.

The ministry said more than two-thirds of enterprises it surveyed received ample orders to

keep factories busy after the Spring Festival break, also signifying an upward trend.

Qu Xianming, an expert at the National Manufacturing Strategy Advisory Committee, s

aid the sound performance in the first quarter is the result of improved market expecta

tions and it mirrors the resilience and sustainability of the country’s manufacturing sector.

“The central government said in March that it would slash the value-a

dded tax rate of 16 percent in manufacturing to 13 percent. Such an aggressive cut sends a strong

positive signal to companies, which has motivated them to accelerate production and intensify investment,” Qu said.

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Air tickets, homestays sold out for May Day holiday

A travel rush is expected for the upcoming May Day holiday, a

s air tickets and high-speed railway tickets on multiple routes were sold out, while ho

mestay hotels at destinations including Beijing and Shanghai were fully booked.

While only one week away, the May Day holiday this year is extended to fo

ur days – one day more than last year – and will see a travel craze comparable to that  ty

pically seen during China’s Spring Festival, a traditional holiday for family reunion.

According to Qunar, one of China’s largest online travel agencies, quite a few people chose to take a few days off before or af

ter the May 1 to 4 holiday, so that they can enjoy a journey lasting upwards to nine days.

The travel rush is expected to come as early as April 27, and will reach a climax on April 29 and 30.

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The first draft also improved rules on developing a m

ulti-layer capital market system, strengthening investor p

rotection, promoting securities industry innovations and enhancing regulation.

New revisions were submitted for a second reading in April 2017 to

improve regulation on such areas as stock trading, acquisitions of listed firms, information disclos

ure and investor protection. The second draft also demanded the State Council to gradually advance the IPO syst

em reform in accordance with authorization granted by the top legislature.

Note: The following article is taken from the Chinese-language “Commentaries on International Affairs”.

On Thursday, the World Trade Organization (WTO) release

d a panel report on the case the United States lodged in December 2016 against China for its

use of tariff-rate quotas for wheat, rice, and corn. The WTO panel ruled that China’s administration of tariff-rate quo

tas violated its commitment to administer them transparently, while rejecting

the appeal by the American side which demanded that China release the information on tariff-rate quotas.

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Politburo upbeat on economic datag Motors on the assem

China’s economy grew better than expected in the first quarter and market confidence was raised in

an outstanding way, according to a statement from a meeting presided over by President Xi Jinping on Friday.

During the meeting of the Political Bureau of the Communist Party of China Central

Committee, members analyzed the current economic situation and made plans for economic work.

In the first quarter, government departments pushed forward high-quality growth, deepene

d supply-side structural reform and carried out positive fiscal policy and stable monetary policy, the statement said. Main mac

roeconomic figures were in proper range, and reform and opening-up was pushed forward continuously, it said.

The statement said lots of difficulties and problems remain in economic development, with m

ore tension in the external economic environment and downward pressure on the domestic economy. Government departments shou

ld remain steadfast and be brave in overcoming difficulties in economic development, it said.

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