it its lowest level since November. Trade talks betw

ween China and the United States recently faltered and a large amount of additional tariffs are expected to be imposed on imports from both sides.

China will take necessary measures, in response to foreign exchange market flu

ctuations, including using a strengthened risk management system, said Pan.

He also stressed that authorities would crack down on illegal activities in foreign exchange trading.

“China has sufficient policy tools,” said Pan, who is also director of th

e State Administration of Foreign Exchange, the country’s foreign exchange regulator.

The PBOC vice-governor also confirmed on Sunday that China will continually implement

opening-up policies and improve the environment for overseas investors and protect the legal rights of foreign investors.

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Huawei launched its 5G smartphone in London on Thu

rsday as mobile network operators prepare to switch on 5G network in parts of the United Kingdom, Xinhua reported.

Also in Saturday’s call, Wang Yi urged the US to observe the one-China policy and the three joi

nt communiques between the two countries, and handle Taiwan-related issues carefully and properly.

The US House of Representatives passed a resolution reaffirmin

g the US commitment to Taiwan and the Taiwan Assurance Act of 2019 earlier this month.

Wang noted that China has expressed its firm opposition to the US recent negative remarks and actions related to Taiwan.

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Both the digital industry and digitalization of other indu

 industries develop fast, and new sectors have been emerging, such as unmanned warehousing, facial recognition payments and new online-to-offline groceries.”

Meng also said that a new version of the nationally unified negative list for market access will be rolled out w

ithin the year. Illegal or implicit entry barriers and locally issued negative lists will be canceled, she said.

The Chinese authorities will also establish and refine mechanisms for adjusting the annually released

list when necessary, she said, adding that the list will better cope with the reforms to delegate power, streamline ad

ministration and optimize government services, and will better meet the needs of market entities for broader access.

Wang Yuanhong, deputy head of the Department of Economic Forecas

ting at the State Information Center, said the fast growth of high-tech industries and the

service sector reflects the ongoing upgrading of traditional industries and the optimization of C

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attracting talents and capital. This in turn prompts the autho

rities to introduce more favorable policies and regulations for the enterprises bas

ed in the US, which is essentially a combination of representative democracy and market econ

omy. Under such circumstances, how can the US promote sustainable reindustrialization?

Besides, reindustrialization is not possible without rebuilding or strengthen

ing infrastructure facilities. And although the US leader has been claiming to implement a trillion-dollar infrastructure

plan-and even made it one of the pillars of his “Make America Great Again” campaign-not much has come of it.

Another major problem is that the return on equity in the infrastructure sector is a mere 3 percent w

hile that in the US capital market is about 12 percent. So how can the US attract more private cap

ital to the infrastructure sector without guaranteeing a return on equity equal to that in the capital market?

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The US administration’s more often than not conflicti

conflicting goals have resulted in the trade conflicts with China an

d other countries. For instance, China’s exports to the US grew 11.3 percent

and its trade surplus with the US increased to $323 billion in 2018, up 17.3 percent year-on-year.

Moreover, Washington has forbidden US companies to sell chips to ZTE, a Chinese multinational telecommunications equip

ment and systems company, even after imposing huge fines on the company. By so doing, the US has act

ually encouraged China to increase investment in its high-tech sector. So, even if China and the US

were to strike a deal, China would be prompted to import lower volumes of energy and agricultural products from the US.

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Weather-related disasters such as typhoons pose a thr

reat to life and property. Tracking their path could help local authorities decide how to proceed with evacuations,” she said.

In addition to real-time monitoring, the China Meteorological Administration set up the Emergency Suppor

t Mechanism for international users of Fengyun satellites last April, which covers disaster prevention and mitigation.

So far, 15 countries including Iran and Mongolia have registered as users of the mechanism.

According to the administration, the mechanism can switch the on-duty satel

lite to a quick-scan mode focusing on areas required by users when they are hit by disasters.

“During disasters, Fengyun satellites can scan as often as every five or six minutes. The China

Meteorological Administration could send users cloud images and products via satellites and public clouds,” Wei said.

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I’m afraid sometimes, without cooperation, what comeso

ut is confrontation,” said Solana, who is currently president of the ESADE Center for Global Economy and Geopolitics of Spain.

The senior politician and diplomat expressed concerns over the trade frictions between China and the United States, w

hich have conducted 11 rounds of trade negotiations, but have yet to reach an agreement.

The world’s two largest economies should engage in dialogue on an equal footing, Solana said.

“If they fail to resolve their trade problems, the global economy will start to suffer from this crisis,” he said.

In a global situation where protectionism and unilatera

lism are on the rise, a multilateral approach has to be maintained, he said.

Solana praised China’s hosting of the Conference on Dialog

ue of Asian Civilizations, and said this type of event could boost cooperation among different countr

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hina plans to boost rural development via digital technologies

hina plans to promote the applications of digital technologies in rural areas to boost local development.

As a step towards rural modernization and transformation, digital rural development plays a

crucial role in rural revitalization and building a digital China, according to the guideline jointly issue

d by the general offices of the Communist Party of China Central Committee and the State Council.

The country has vowed to achieve initial development of building di

gital villages by 2020, with 4G internet accessible to more than 98 percent of the ad

ministrative villages and the digital economy growing rapidly in rural regions, the guideline said.

With the upgrading of internet technology, 2025 will see a n

otable narrowing of the urban-rural digital gap, the establishment of various ent

repreneurial and innovation centers in rural areas, and an intellectual rural logistics system.

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Huawei has more than 13,000 component and service su

uppliers worldwide. In November, it unveiled a list of its 92 core suppliers for the first ti

me. Thirty-three of them are from the US, including chip giants Qualcomm Inc and Intel Corp.

Wang Yanhui, secretary-general of the Mobile China Alliance, said, “Huawei has also been pre

paring for such a situation for some time and has hoarded chips to handle a worst-case scenario.”

The company became the world’s third-largest buyer of semiconductors last year.

China will definitely safeguard the legitimate rights and interests of its businesses, and Trump’s executive order is n

ot a “constructive and friendly” gesture, Foreign Ministry spokesman Lu Kang said on Thursday.

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Lee Byong-hyun, chairman of the executive board of UNE

said at the session’s opening ceremony that multilateral cooperation is crucial in tackling local, regional and global issues.

“My experience has taught me that the key for the success of international cooperation is dialog

ue,” he said. “This requires being curious about others, willing to open up and ready to listen with real engagement.”

Chen Baosheng, minister of education, said civilizations are enriched by exchanges, in which people learn from each other.

“To promote the world’s peaceful development, we need to see more and think more in light of protecting diverse Asian civiliza

tions. It’s encouraging to hold a more inclusive and modest attitude about equal dialogue among Asian civilizations.

“We need to keep the principle of amity, sincerity, mutual benefits and inclusive

ness in mind to make the dialogue among Asian civilizations an inspiration to the world an

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