Most Chinese State-owned enterprises are not relevant to tra

ade negotiations. Many are in non-tradable sectors such as property develop

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

Some Chinese car companies are State-owned, usually by provincial govern

ments, but the car business in China is very highly competitive and foreign brands are very successful.

In any case, the continuing growth of an already large private sector should alleviate foreign concerns

about competing with State-owned companies.

During the George W. Bush administration, the US imposed tarif

fs on Chinese steel, arguing that State-owned companies had an unfair advantage. But, US ste

el companies also face higher costs because of increased environmental protection. China’s current emphasis on bu

ilding an “ecological civilization” means that that kind of polluting heavy industry will be less viable.

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All of this has inspired confidence that the Chinese eco

Chinese economy can reach its indicative growth target of 6-6.5 percent in 2019.

Lower growth rate may mean more room for adjustment

Most Chinese economists seem quite comfortable with this targeted range. One explanati

on is that China’s potential growth rate is 6-6.5 percent, and a target should be set accordingly. Another is that a

lower growth rate would give the economy more room for structural adjustment.

From 1978 to 2008, China averaged an impressive 9.5 percent annual g

rowth rate. Then the global financial crisis struck, causing growth to plummet from 9.7 p

ercent in the third quarter of 2008 to 6.6 percent in the second quarter of 2009. A 4-trillion-yuan ($640 billion) sti

mulus package, introduced in November 2008, soon brought about a powerful rebound, with GDP growth rea

ching 12.1 percent in the first quarter of 2010. But since then China’s economic growth has been declining, partly b

ecause the government withdrew its stimulus. Last year, China’s GDP grew by 6.6 percent.

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Last year, we issued an announcement offering op

portunities for all UN member states to propose experiments they want to conduct using China’s space station,” said Simone

tta Di Pippo, director of the UNOOSA. “We have received more than 40 proposals before the deadline for sub

mission. We will announce the winners probably by the end of June after evaluation.” Di Pippo said these on the sideli

nes of the fourth China Space Day on April 24 to mark the anniversary of the country’s first satellite launch in 1970.

Moreover, Pakistan intends to send one of their astronauts to China’s space station by 2022, A

mer Nadeem, chairman of Space and Upper Atmosphere Research Commission in Pakistan, said after

the opening ceremony of China Space Day in Changsha, Hunan province, on Wednesday.

“Hopefully, the agreement on the matter will be signed very soon. We will select the candidates based on the agreement. Also, they

will come to China for some parts of the training,” Nadeem said. He added that Pakistan and China will furth

er enhance cooperation on several space projects focusing on satellite networks in future.

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mental protection, science and technology innovation,

end manufacturing, finance, sharing economy, medical care and elderly care indust

ries,” Osuga said, adding Japan and China will push forward cooperation in more areas this year.

Chinese State Councilor and Foreign Minister Wang Yi said at the dialogue on Sunday that Ch

ina hopes the two sides can make steady headway in promoting bilateral investments and trade coope

ration, and actively explore third-party market cooperation as well as local cooperation.

Osuga said the Japanese government’s position on the Belt and Road Initiative remains unchan

ged, as it expects to conduct cooperation with China in a third market, promote trade and invest

ment liberalization and facilitation and uphold a business environment of fairness, justice and non-discrimination.

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awmakers Julian Assange should face justice in Sweden

More than 70 British legislators have urged the government to make sure WikiLeaks found

er Julian Assange faces Swedish justice if prosecutors there reopen a rape allegation against him.

The lawmakers signed a letter late Friday urging Home Secretary Sa

jid Javid to “do everything you can to champion action that will ens

ure Julian Assange can be extradited to Sweden in the event Sweden makes an extradition request.”

Sweden suspended its investigation of serious sexual misconduct two years ago because Assange wa

s beyond their reach while he was living in the Ecuadorian Embassy in London with political asylum status.

He was arrested Thursday after Ecuador withdrew his asylum a

nd is now in British custody facing an extradition request

from the United States on charges of conspiring to break into a Pentagon computer.

He is in Belmarsh Prison in southeast London wait

ing to be sentenced for jumping bail in Britain, and plans to fight extradition to the US.

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Li said the common interests of China and the EU far out

 outweigh their differences, and expanding their common interests will help narrow those differ

ences. Li spoke at a joint news conference with Tusk and Juncker after the meeting.

The two sides will continue to strengthen synergies between the EU strategy on Connecting Europe and Asia, the EU’s Trans-E

uropean Transport Networks and the China-proposed Belt and Road Initiative, the statement said, adding they welco

me further exchanges in 5G networks and technological cooperation between their business communities.

During the meeting, the EU and China also reaffirmed their commitment to multilaterali

sm. The Chinese and EU leaders also worked on coordinating their positions on regional and internationa

l hot spot issues such as the Iran nuclear issue, the Korean Peninsula nuclear issue and the Venezuela situation.

Foreign Ministry spokesman Lu Kang said on Wednesday that the joint statement reflects the resolve of China and t

he EU to strengthen their unity and coordination at a time that multilateralism is being challenged.

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nd Turkey, disruptions to the auto sector occurre

rred in Germany, and financial tightening in larger adva

nced economies have all contributed to a “significantly wea

kened global expansion”, said IMF Chief Economist Gita Gopinath.

“With this weakness expected to persist into the first half of 2019, o

ur new World Economic Outlook projects a slowdown in g

rowth in 2019 for 70 percent of the world economy,” she wrote in a blog on Tuesday.

With improved prospects for the second half of 2019, global growth in 2

020 is projected to return to the 2018 level of 3.6 percent, according to the IMF report.

“This recovery is precarious and predicated to reboun

d in emerging markets and developing economies, wher

e growth is projected to increase from 4.4 percent in 2019 to 4.8 percent in 2020,” Gopinath said.

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The number of unicorn companies in Haidian makes

 up a fifth of the total number in China. Up to 51 companies in the district realized annual revenue of more than 10 billion yuan. Baidu Inc, Cambricon Techno

logies Corp and Beijing Dream Ink Technologies Co have become global leaders in various cutting edge technologies.

“The fruitful results in Haidian’s scientific innovation sector are due to the increasing investment i

n research and development,” said Dai Binbin, head of the district. “In 2018, Haidian’s R&D intensit

y was 4.6 times the national level, and higher than levels in the Republic of Korea and Japan.”

Beijing’s Xicheng district, where many domestic and oversea

s financial companies and organizations are located, has carried out a series of policies to boost the

financial sector’s development, and is another example of the capital’s high-quality growth.

For instance, the district government provides subsidies of up to

50 million yuan to newly set up financial organizations. For financial companies that m

ove into the district, the government gives subsidies to help them offset rent and capital purchases.

For high-end talent, both local and foreign, the district offer

s better resources in medical care, education and living arrangements.

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The Chinese government has never imposed any policy

 to force foreign companies to transfer their technology,” Gao added, sayi

ng that the country’s Foreign Investment Law bars forced technology transfers.

The newly passed law, approved this month and set to take effect in January, stipulates that China will treat foreign and Chi

nese enterprises equally and protect their intellectual property rights. Under the law, foreign enterprises will recei

ve pre-establishment national treatment, in addition to a negative list system for market access.

A negative list shows areas where investment i

s limited or prohibited for foreign investors, with all other areas presumed to be open.

Gao said the ministry is working with relevant de

partments to conduct research on shortening the negative list for market access.

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In recent years, some US Congress members have been trying

trying to foment trouble across the Taiwan Straits. The US has already made a highly provocative move by

introducing the Taiwan Travel Act a year ago, as it allows high-level diplomatic exchanges between the US and the island. And now som

e in the US say Tsai, who doesn’t acknowledge the 1992 Consensus that there is only one China, should be invited to visit the US Congress.

By suggesting such an outrageous idea, these people are playing with fire, because if Tsai were

to visit the US, Sino-US relations would suffer a serious blow, and the security and stability across the Straits would be damaged.

US must not worsen already tense situation

To make matters worse, last week the US and Taiwan announced the launch of a new “dialogue

mechanism” to achieve closer “bilateral cooperation” and to defend and promote “shared values”. Titled

the “Indo-Pacific Democratic Governance Consultations”, the new “dialogue mechanism” is aimed at “exploring” way

s to increase “US-Taiwan exchanges” and pursue joint projects, said Brent Christensen, the highest-ranking US official posted in Taiwan.

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