Wang Peng, deputy head of think tank China Center for

 Information Industry Development, said Huawei’s chip making arm HiSilicon can help Huawei ensure the s

ustainability of its business to some extent, and its chip stocks “are expected to provide a buffer of six months to a year”.

Huawei said it procured around $70 billion worth of components and services from i

ts 13,000 suppliers worldwide last year, with roughly $11 billion coming from US suppliers.

The US has been voicing the “national security threat” of using Huawei products.

French President Emmanuel Macron said on Thursday that France will allow Huawe

i to build its 5G network infrastructure while preserving national security, according to Xinhua News Agency.

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President stresses AI’s role in growthows the venue of Intellig

hina attaches great importance to innovative development, and it

considers new generation artificial intelligence as the driving force for scientific and technolo

gical development, industrial optimization and upgrading as well as major productivity improvements while it s

trives to achieve high-quality development, President Xi Jinping said on Thursday.

Xi made the remark in a congratulatory letter to the World Intelligence Congress, which opened in Tianjin.

The president noted that AI is having a significant and far-reaching impact on economic development, social progress and gl

obal governance. He expressed hope that participants at this third congress strengthen exchanges, enhance con

sensus and step up cooperation to promote the healthy development of new-generation AI.

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countries work to tackle disastersrs ago during which the s

Scientists from China and other countries involved in the Belt

and Road Initiative will work together to enhance scientific and technological coop

eration in disaster prevention and mitigation, according to a joint declaration.

The collaboration aims to make areas along the initiative safer, more sustainable a

nd disaster-proof, according to the declaration published during the two-day International Conference on Silk-r

oad Disaster Risk Reduction and Development, which concluded in Beijing on Sunday.

Sunday marked China’s 11th National Disaster Prevention and Reduct

ion Day, an annual event which began in 2009 after a devastating earthquake hit Sic

huan and neighboring provinces on May 12, 2008, leaving over 87,000 dead or missing.

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Govt should accelerate tax cuts to invigorate economy, pre

Premier Li Keqiang urged government departments to speed up the implement

ation of tax reductions to invigorate the country’s economy, amid rising uncertainties about growth on Friday.

Li was speaking with entrepreneurs from the manufacturing, constructio

n and service sectors at the Zhongnanhai leadership compound in Beijing.

The businesspeople said they have received benefits from the tax reduction measures in t

he past months, after the measures were introduced by Li in the Government Work Report in March. Th

ey also offered advice on how to further ease the tax burden on businesses.

After hearing their opinions, Li called tax reduction a great decision

made by the Communist Party of China Central Committee and the State Council. It has boosted

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Sino-US talks on trade seen as productiveeets with U

Negotiators from two sides aim to meet next week in Washington to continue

Vice-Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven M

nuchin met in Beijing from Tuesday to Wednesday for the 10th round of trade talks between China and the United States.

The two sides are working on putting bilateral trade on a stronger footing, and the lat

est meetings were productive, Mnuchin wrote on his Twitter account, without giving details.

A Chinese team is scheduled to visit Washington next week for another round of talks, Xinhua News Agency reported.

Liu is also a member of the Political Bureau of the Communist Party of China Cent

ral Committee and chief of the Chinese side of the China-US comprehensive economic dialogue.

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Top economic planner bullish on reaching annual growth

China’s economy, despite headwinds, has enjoyed a good start in the first quarter of 2019, and the country has the confide

nce to achieve the annual projected growth goal, said the country’s top economic planner.

“The first quarter’s stable economic development has laid a solid foundation for the an

nual growth,” said Yuan Da, spokesperson with the National Development and Reform Commission.

“The economy has stayed on the track of steady growth. We have the confidence, conditio

ns and capability to meet the projected targets for economic and social development this year.”

Yuan made the remarks at the NDRC press conference on Thursday in Beijing.

According to data from the National Bureau of Statistics, China’s economy expanded at a faster-than-expected 6.4 perce

nt year-on-year in the first quarter. The growth was unchanged from that in the fourth quarter in 2018.

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The bond pricing mechanism will be further improv

Under a pilot scheme, the first group of six provinces and cities sold 6.8 billion yuan in bonds

at commercial bank counters to individual buyers between March 22 and early April.

The coupon rates are between 3.01 percent and 3.33 percent, higher than treasury b

onds issued by the central government as well as bank deposits with the same maturity.

Gross local bond issuances hit 1.18 trillion yuan in the first qua

rter, compared with only 219.5 billion yuan in the same period last year.

The total quota for 2019 local government bond issuances is 3.08 trillion yuan, according to the Ministry of Finance.

“About 60 percent of the bonds were issued for ongoing construction, especially

for shantytown renovation projects, railways and roads,” said Hao Lei, head of the ministry’s Budget Department.

While debt financing continues to grow, the government is experiencing sharp declin

es in fiscal revenue growth, especially from tax and land sales, official data showed.

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China, CEECs agree on more connectivity cooperation

Croatia, April 13 — China and the Central and Eastern European Count

ries (CEECs) on Friday agreed to enhance connectivity to achieve more development.

The agreement was part of the Dubrovnik Guidelines for Cooperation between China and t

he CEECs, which was released after the eighth China-CEEC leaders’ meeting in the Croatian city of Dubrovnik.

According to the guidelines, China and the CEECs are willing to pro

mote railway projects cooperation in line with respective laws and regulations and through

consultations, in particular by strengthening exchanges and cooperation on railway planning, railway organiza

tion development, management, technology development, logistics and freight terminal construction.

China and the CEECs will jointly explore utilization and construction of logistics hubs, said the guidelines, adding that China is

welcome to participate in joint development of new freight lines in connecting markets in Asia and Europe, u

nder the understanding that it respects the principles of transparency and non-discrimination.

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President Xi Jinping meets Myanmar Commander-in

China would like to enhance strategic communication and deepen cooperation with Myanmar

no matter how the international situation changes, President Xi Jinping said on Wednesday.

Xi made the remark while meeting with Myanmar Commander-in-Chief of Defen

se Services Senior General Min Aung Hlaing at the Great Hall of the People in Beijing.

The two countries should deepen their comprehensive strategic cooperation to bring more practi

cal benefits for the people of both countries and contribute to regional stability and prosperity, Xi said.

Noting that military cooperation is an important part of China-Myanm

ar relations, Xi said that the two armies should enhance pragmatic cooper

ation and build bilateral military relations on the basis of mutual trust and benefit.

Xi said that China supports the peace process of Myanmar and pays attention to t

he development of the political and security situation in the northern part of Myanmar.

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The water-delivering trains are a special service on the Hu

unbai Railway, a scenic line with diesel trains. They were launched to address the limited access to drin

king water in the area, where the underground water is undrinkable due to complex mineral components.

“Water coming out of the wells used to render us with Kaschin-beck disease, and we treated ev

ery drop of (safe) water like it was oil,” said Zhou Aiqin, another resident at Huojugou.

Running the train all year around is no easy task, especially in winter when temperatures easily dro

p below minus 20 degrees Celsius. Some of the fuel is spent heating the water during the journey to prevent freezing.

“Water often drips onto our clothes and instantly freezes. We cannot bend our arms or legs

and have to move like a gorilla,” said Jia Lin, a veteran worker at the line’s Quanyang station.

Train crew and station workers, like residents along the line, have been attached to

the delivery missions, even as demands have greatly shrunk due to improved water infrastructure and relocation o

f villagers. The trains now run three times a month, down from three times a week, to serve only 300 residents.

“But as long as the demand exists, our small train will keep on running,” said Xin Yuehong, head of Quanyang station.

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