President’s Russia visit eyes global stabilitys talks with his

President Xi Jinping’s upcoming visit to Russia reflects close cooperation between China and Russia,

which is important to maintain the stability of the international community amid rising uncertainties, analysts said.

Xi will make a state visit to Russia from June 5 to 7 and attend the 23rd St. Petersburg

International Economic Forum, Foreign Ministry spokesman Lu Kang announced on Wednesday.

The trip is part of the annual exchange of visits between the two countries’

heads of state, after Russian President Vladimir Putin attended the Second Belt and Road Fo

rum for International Cooperation in Beijing in April and had talks with Xi on the sidelines.

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In a statement on May 16, Huawei said that losing acce

ss to US suppliers “will do significant economic harm to the US companies” and affect “tens of thousands of US jobs”. In total, US firm

s sold an estimated $11 billion worth of components to Huawei last year, according to earlier media reports.

“I’m not able to tell you exactly what the costs will be; it differs from company to company,” said Allen.

“But clearly, from a corporate perspective, this Department

of Commerce action has created costs and has escalated the uncertainty quite a bit.”

Asked to comment on some voices in the US calling for the “decoupling” of the two countries, especially in the technology sect

or, Allen said both sides should pursue a playing field of “smart competition and engagement”, in which the

y play by a “common set of rules” that are mainly set by World Trade Organization obligations.

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Xi calls for bolstering reform and developmentforts to p

Xi Jinping, general secretary of the Communist Party of China Central Committee, called

on Wednesday for further efforts to prevent and eliminate major problems in the nation’s reform and

development against the backdrop that uncertainties and instabilities are on the rise.

Xi, also Chinese president and chairman of the Central Military Commission, made the remarks while presiding over a key meeting

of the Central Committee for Deepening Overall Reform. He is the director of the committee.

Saying China is facing profound changes in its reform and development against the backdro

p of increasing external uncertain and unstable factors, Xi said the country must maintain a strategic focus.

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Addressing the plenary session of the Fourth Eastern Eco

n Economic Forum in Vladivostok, Russia, in September, Xi called for regional memb

ers to actively align their development strategies and work together for an open regional economy.

Wu Hongwei, a researcher of China-Russia relations at the Chin

ese Academy of Social Sciences, said bilateral cooperation plays a prominent role in guar

anteeing world peace and security at a time when the global situation is clouded by tensions and turmoil.

The two countries share the same position in promoting a mo

re stable and multipolar world, Wu said, adding that they

have sent such signals through supporting and coordinating with each other on international occasions.

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At present, 5G has become the driving force to boost Ch

hina’s innovative and high-quality development,” Sui Zhenjiang, vice-mayor of Beijing, said on Wedne

sday during a 5G industrial development and investment summit held in Yizhuang, in southeastern Beijing.

“Beijing is actively transforming itself as a national scientific and tech

nological innovation center. With advantages in complete telecom infrastructure, abunda

nt talent and strong research and development capabilities, we have the resolve to accelerate the push for making brea

kthroughs in 5G technologies and build an independent and innovative 5G industrial system,” Sui said.

As of May 24, the three major telecom operators-China Mobile, Chin

a Telecom and China Unicom-have established 4,700 5G base stations in Beijing, acc

ording to Wang Gang, head of the Beijing Municipal Bureau of Economy and Information Technology.

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f rice and fertilizer futures, guiding more compan

anies and fund managers entering the market, and assisting in formulating the Futures Law.

“As prices of bulk commodities fluctuated frequently and shar

ply in recent years, the real economy has a huge demand for risk management,” Lu said, str

essing the importance of accelerating the development of the futures market amid uncertainties.

China stepped up efforts to open up the commodity futures mar

ket last year, making three futures contracts available to f

oreign investors so far, including crude oil, iron ore and purified ter

ephthalic acid (PTA), a raw material for making plastics.

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During the team’s 40-day intensive training in Nepal, the

heir Sherpa guides had taught them how to maintain healthy blood circulation and remain safe in crowded conditions, she said.

This spring, 144 foreign and 12 Chinese climbers have also attempted to con

quer Qomolangma from Tibet, according to the Tibet Mountaineering Association. “D

espite having a smaller number of climbers, traffic jams also happened on the Tibetan side,” Ma said.

“Crowds are usual on some mountains. It’s not a new phenomenon. Climbers often lose their live

s when they don’t follow the instructions of Sherpa guides and make decisions on their own,” Kami Ri

ta, an experienced Sherpa who has reached Qomolangma’s summit 24 times, told Xinhua News Agency.

Sherpas are aware of every twist and turn and which paths to follow up mountains, so he urged the Nepali government to dis

courage mountaineers from climbing mountains without guides in order to prevent casualties.

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So far EU ministers have only agreed a modest mandat

 to discuss reductions in tariffs in industrial goods and to seek agreement on conformity assessments. EU Trade Commissioner Cecilia Malmstrom is opp

osed to any quota agreement on cars and has lambasted the national security excuse put forward by the White House.

The most prominent supporter of free trade is the center-right European People’s Party which lost sea

ts largely to right-wing parties opposed to free trade, and to the Greens which want tougher conditions attached to trade deals.

The center-left Socialists are also broadly in support of free trade but lo

st seats, while the pro-trade Liberals (the Alliance of Liberals and Democrats for Europe) gai

ned seats. But the Liberals are now aligned with French President Emmanuel Macron’s En Ma

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administration escalating tariffs and Beijing retaliating.

It is important that we come to an agreement over time that addresses the problems that we have identified. And the sooner the better,” Allen said.

He said the council had opposed the use of tariffs from the very beginning and hop

ed a “mutually acceptable and supportive” agreement could be reached in the near term.

“But, currently, we are moving away from that agreement. We want to get back to moving toward a

n agreement so that our two economies can begin to interact with each other in a more normal manner,” he said.

Allen, who was in Lexington, Kentucky, last week for the Fifth US-China Governors Fo

rum, said he had spoken to a number of Chinese investors in Kentucky and throughout the United St

ates who are bringing jobs and opportunities that did not exist previously.

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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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