utual trust also is growing between China and countr

utual trust also is growing between China and countr

ntries in the region due to joint efforts. The overall situation in the South China Sea is stable and becoming better, Shao said.

“Countries from the region have the will, wisdom and capability to manage differences an

d jointly promote peace, thus transforming the area into a sea of peace, friendship and cooperation,” he said.

On the Korean Peninsula question, China insists on denuclearizin

g the peninsula, and solving issues through dialogue and consultation, Shao said.

“China has consistently, seriously, fully and rigorously implemented the

United Nation’s resolutions regarding the peninsula,” he said. “China also is willing to w

shlfcc.com

The new water-hydrogen engine, produced by the Chin

The new water-hydrogen engine, produced by the Chin

Youngman Automobile Group Co, has been the subject of visits from top city officials

and been praised by Zhang Wenshen, Party chief in Nanyang, according to the report.

Following the report, the engine sparked discussion and debate, because it runs contrary to the principles of physics.

Nanyang’s bureau of industry and information technology said the report made mis

takes and conveyed incorrect information, ultimately misleading readers, Beijing News reported.

The bureau highlighted that the project is still being tested and has yet to gain approval from industrial

authorities, adding that the production company’s head has been required to fully explain the technology behind the engine.

Pang Qingnian, 61, chairman of the China Yongman Automobile Group, said the project was established in 2006, and that the e

ngines can convert water into hydrogen and then use the hydrogen to generate electricity, which then fuels vehicles.

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Zhang Dawei, chief analyst with Centaline Property, sai

Zhang Dawei, chief analyst with Centaline Property, sai

id the main reason behind this is the real estate market in some cities is at risk of going out of control, and the land market shows signs of overheating.

China’s house prices continued to stabilize despite slight increa

ses in April, according to the National Bureau of Statistics. Sixty-seven out of the 70 major Chi

nese cities saw an increase in the number of newly built homes that were sold in April.

On a month-on-month basis, new home prices in Dalian and Nanning rose 0.7 percent and 0.9 percent, re

spectively. On a year-on-year basis, new house prices in these cities grew 13.2 percent and 11.5 percent, respectively.

Although excluded from the 70 major Chinese cities surveyed by the N

ational Bureau of Statistics, Foshan and Suzhou also saw a surge in home prices in April.

njlongflt.com

Booing drowned out any cheers from British fans as Walk

Booing drowned out any cheers from British fans as Walk

den was announced as the winner and Zheng refused to acknowledge the Briton’s victory

before sensationally collapsing on the podium and leaving the competition area in tears.

“I have been doing this sport for 16 years, but this is the first time I have realized that a taekwondo match could be played like this.

Zheng, competing in her fifth world championships, said on hea

ring the British national anthem playing, she felt too weak to stand on the podium.

“I felt very guilty for not winning the gold for my coach, my teammates and my country. We h

ave been working so hard for this world championships. It is the biggest event before the Tokyo Olympic Games.”

“Many fans came up to console me and some of them are British. I know most people know what is fair play,” Zheng said.

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That China has responded to the US trade aggression in

That China has responded to the US trade aggression in

such a restrained manner and conducted the talks with the utmost sincerity may have misled the US administration into thinking it has pushed Beijing onto the back foot.

But China’s responsible attitude and its desire to settle the dispute through consultations should not be viewed as signs of weakness.

Indeed, its stance could not be clearer: The US can persist in trying to coerce China into acce

pting its unreasonable demands, but no matter how hard it tries, China will not knuckle under.

China does not want to enter into a trade war with the US; but that does not mean it is afraid of one.

China agreed to hold trade talks with the US not because it feared what the

US might do or because it is worried about losing its trade with the US, but because it

genuinely believes that dialogue is the best way for countries to resolve their differences and find ways to benefit each ot

her, and because, as a responsible country, it always keeps the bigger picture and longer time frame in mind.

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Ministry of Industry and Information Technology data show

Ministry of Industry and Information Technology data show

ed China’s digital economy had reached more than 27 trillion yuan ($4 trillio

n) in 2017, a year-on-year rise of 20.3 percent, accounting for nearly 33 percent of GDP.

Lu said the growth rate of the number of people working as new media operators in 2017 was mo

re than 10 times that of 2013. The growth comes as more consumers turn from mass media to new me

dia, which provides more information, is faster, has a more diversified presentation and cheaper cost.

Algorithm engineers, in particular, grew at exponential rates. More than fi

ve times as many people worked as algorithm engineers in 2017 than 2013, he said.

“Algorithm is the foundation for artificial intelligence. AI has started to integrate with other industr

ies and already had been successfully implemented in AI plus marketing, finance and assisted medical dia

gnosis. AI engineers will have more value as AI becomes more closely tied with more businesses,” Lu said.

nj419yw.com

Some Chinese car companies are State-owned, usually

Some Chinese car companies are State-owned, usually

by provincial governments, 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 sec

tor 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 st

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

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

China has also recently announced a strengthened regime of intelle

ctual property rights protection. Again, this is what foreign negotiators are seeking, but al

so is important for China’s own economy as it transitions to being a technology leader.

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Nobody likes competition against themselves. So, it mu

Nobody likes competition against themselves. So, it mu

st be admitted that China’s transition to a high-tech, high-value-added economy will come as

a shock to many companies around the world. The US economy, which has about 7 percent of G

DP in high-tech manufacturing, will be lightly affected by this change.

On the other hand, advanced manufacturing contributes ar

ound 20 percent of GDP in South Korea, Japan, Germ

any and a few smaller European countries. They will be much more directly affected.

China’s transition over the next 10 years will not be pai

nless for its companies or for foreign competitors. But, refo

m and opening-up policies that create more competitive companies and markets are t

he only way to achieve a richer and more productive world economy in the long term.

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Quarterly earnings growth augurs well for A-share firms

Quarterly earnings growth augurs well for A-share firms

Improved earnings of companies listed on mainland bourses during the first quarter of the year augur well for the full-ye

ar financial results and are an indication of the vitality the Chinese economy, analysts said.

During the January to March period, aggregate profits of A-share compan

ies topped 1 trillion yuan ($147.6 billion) and grew 9.4 percent year-on-year, reversing a fu

ll-year decline of 1.9 percent last year, data from Shanghai-based information provider Wind Info showed.

Meanwhile, aggregate return on equity (ROE)-a major gauge of

profitability-stood at 9.8 percent, intact from the whole-year of 2018.

“Given that the downtrend in economic growth had largely eased by the end of the first quarter, the aggregate ROE of A-shar

e companies has probably hit the bottom,” said Xu Gao, chief economist at Everbright Securities Asset Management Co Ltd.

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Videos on social media showed the plane crash-landin

Videos on social media showed the plane crash-landin

 and then speeding along the runway with flames pouring from its fuselage.

People could be seen leaping onto an inflatable slide at the front and

running from the blazing plane as columns of black smoke billowed into the sky.

Another video shot inside the cabin showed roaring flames outside the window and passengers crying out in panic.

Yevdokimov said he believed the plane burst into flames on landing, most likely because of full fuel tanks.

Several of the 78 people on board said they believed lightning was the cause of the tragedy, wh

ich came at the end of several days of public holidays following Workers’ Day on May 1.

Passenger Pyotr Yegorov told media: “We had just taken off when the plane

was hit by lightning. … The landing was very hard, we almost passed out from fear.

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