ic importance to Huawei. “TSMC produces most of H

uawei’s chips. Only with its cooperation is it possible for Huawei to have a Plan B in stocking

in-house processors in order to offset fallout from the US ban on its access to US chips,” Xiang said.

He said the move by Panasonic also showcases that the Japanes

e tech company is not willing to surrender to political pressure from Washington, after ear

lier reports that it had stopped shipments of certain components to Huawei. The firm bought $6.3 billion wort

h of products including batteries and electronic components from Panasonic in 2018, according to Nikkei Asian Review.

United Kingdom-based mobile operator EE said on We

dnesday that its 5G network in the UK would rely on equipment made by Huawei.

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nd information technology, had confirmed at the Boao Fo

oao Forum for Asia, that China will grant 5G licenses this year, but didn’t disclose a specific date.

“5G, industrial internet and the internet of vehicles are among the country’s top development priorities

in the telecommunications industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Technology, sa

id on Friday during the World Telecommunication and Information Society Day.

Zhang called for accelerated efforts to set standards in key areas, including 5G, to expedite the com

mercialization of this forefront technology and bolster the nation’s core competitiveness.

Major Chinese smartphone maker Huawei Technologies Co has already unveiled its first 5G chip and first 5G fold

able smartphone, the Mate X, which is expected to hit the market in June, despite challenges involving the United States.

www.shanghaidianbaobao.cn

Trade agreements can affect the types of goods being

traded and they can redirect trade toward one country, away

from others. They cannot directly affect any country’s worldwide current account balance. A count

ry that saves less than it invests will have to borrow foreign funds to import foreign goods to make up that difference.

There are two ways to reduce the US trade deficit. A serious recession would reduce investme

nt, but nobody advocates that as a strategy. The only other path is to change the US financial and gove

rnment system to encourage increased savings. China has almost nothing to do with it.

Ironically, the disputes between the US and China center around both nations’ legitimate desires to

protect some current low-skilled jobs, or at least to allow an easier transition to new jobs and industries.

US administration’s economic policy has rightly focused on the need to

retain jobs for working-class people in the US. And, China’s companies that export to the U

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This issue is similar to the environment. External critics

ent. External critics of China don’t appreciate that Chinese themselves realize there

are issues to be addressed. They are doing so. These developments should be encouraged.”

President Xi Jinping, who spoke at the Second Belt and Road Foru

m for International Cooperation in Beijing recen

tly, listed areas in which China will improve the environment for foreign investment.

The president said the nation will work hard to create a business environ

ment that respects the value of intellectual prop

erty, will improve the legal system for IPR protection at all levels, will strengthen law enforcement and pr

otection for the legitimate rights and interests of foreign IP owners and will bar the

forced transfer of technology, improve protection of trade secrets and crack down on infringement.

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The country will continue to deepen supply-side stru

ctural reform and consolidate outcomes in its efforts to cut overcapac

ity, reduce excess inventory, deleverage entities and lower costs, the statement said.

More efforts will also be made to strengthen the dynamics of micro-entities, im

prove industry chains and ensure unimpeded flow of goods and services in the national economy.

The meeting also pledged major new outcomes through enhanced reform and opening-up.

More work will be done to seize new opportunities, improve scientific

and technological innovation capacity and speed up green development, said the st

atement, which also stressed the need for the country to take part in the reform of the global economic governance system.

It is also important to resolutely guard against the practice of forma

lities for formalities’ sake and excessive bureaucracy, as well as prevent fraud to ens

ure implementation of requirements set in the Central Economic Work Conference.

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Fourth, the daunting challenges that China faces at this po

point in its economic development are far more important than whether its slowdown is

a gap or a trap. What comes after the catch-up to advanced economies operating on the technological frontier? This

is where China’s stated goal of shifting from imported to indigenous innovation comes in. Middle-versus high-inco

me status is a relative comparison for developing economies seeking to operate on that frontier. Notwithstanding the

temporary effects of periodic exogenous disturbances-such as deleveraging, global slowdowns, or even trad

e wars-catching up to the frontier and joining others pushing to move beyond it is the ultimate reward of economic development. That goal is ensh

rined in President Xi Jinping’s aspiration for China to achieve high-income status by 2050.

And fifth, productivity growth is far more important than GDP gro

wth in determining a country’s development prospects. As such, I would be far more wor

ried about China falling into a productivity trap than a GDP growth trap. A new study on total factor prod

uctivity (TFP) by a team of Chinese researchers offers some comfort here. Like the work of Pritchett and Summers, thi

s latest assessment of Chinese TFP growth reveals several discontinuities over the past 40 years.

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The Olympic giant slalom champion won three giant slalo

  Hirscher’s season tally of 10 wins was reduced to nine after the Court of Arbitration for Sport upheld Stefan Luitz’s ap

peal against a doping violation and reinstated the German’s victory in Beaver Creek on December 2.

  Luitz was disqualified when he was photographed inhaling oxygen from a mouthpiece between the fi

rst and second runs. The International Ski Federation (FIS) ruled it was against anti-doping rules at FIS events. Luitz lodged an app

eal on January 29 and it was heard on March 11. The panel ruled that the World Anti-Doping Code prevails over FIS laws.

  ”FIS fully accepts the decision of CAS and all World Cup records and the World Cup star

ting list for giant slalom has been adjusted to reflect the decision,” said an FIS statement.

  Visit CNN.com/Sport for more news, features and videos

  Pinturault won the giant slalom in Andorra to seal second place on the overall season standings and become the most s

uccessful French ski racer ever with a 23rd World Cup win, eclipsing compatriot Carole Merle, who retired in 1994.

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School administrators asked to eat with students to strengt

People in charge of kindergartens, primary and secondary schools in China should eat with students at school can

teens to strengthen the safety of campus food, according to a notice issued on Monday.

The notice, jointly issued by the Ministry of Education, State Admin

istration for Market Regulation and National Health Commission, will take effect on April 1.

It requires that administrators should keep record of each meal and resolve any food problems as soon as possible. Pare

nts can also eat with students at school canteens and give suggestions to the school on food safety and nutrition, it said.

The schools should publish the sources of the food to the public and invite parents to parti

cipate in the management and supervision of food safety and nutrition, the notice said.

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Lai Xiaomin charged with bribery, corruption and bigamy

ai Xiaomin, former China Huarong Asset Management board chairman, has been charged with bribery, corruption and bigamy, the Supreme People’s Procuratorate said on Friday.

China Huarong is one of the country’s four largest State-own asset management companies.

It is alleged that Lai exploited various professional positions, including head of the Huarong

corporation and director-general of the banking supervision department of the People’s Bank of China.

While in these positions, it is claimed that he asked for and received significant benefits in exc

hange for “aid”, according to a press release from the SPP, the country’s top prosecuting authority.

It also alleged that Lai was in illegal possession of a large number of public properties, a

nd that he was living as husband and wife with a woman other than his wife, the release said.

Lai, 56, was placed under investigation by the Central Commission for Discipline Inspection (CCDI) o

f the Communist Party of China in April last year for “serious violations of disciplinary rules

and laws”, and was expelled from the Party and removed from public office six months later.

The CCDI said he violated political disciplines and State financial policies to blindly expand the c

ompany and operate it in a disorderly manner, resulting in it deviating from its primary tasks and business.

Lai, a Jiangxi province native, started his career at the People’s Bank of China in July 1983, and went on

to hold key positions at the China Banking Regulatory Commission and Beijing Banking Regulatory Bureau.

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working well,” presidential spokesman Kim Eui-kyeom said

In Pyongyang, Biegun and Kim Hyok Chol, DPRK’s special representative for US affairs, discussed “advancing Trump and Kim’s

Singapore summit commitments of complete denuclearization, transforming US-(DPRK)

relations, and building a lasting peace on the Korean Peninsula,” the US State Department said in a statement.

Trump and Kim met for their first summit in Singapore last June, during which Kim pledged to work toward the “co

mplete denuclearization” of the Korean Peninsula, without providing a clear timetable or roadmap.

US-led diplomacy aimed at getting the DPRK to abandon its nuclear program in return for outside concessions has since made little headway.

Calling the AU a banner that unites the African countries to pursue self-renewal, Xi praised th

e integration process of the continent and the great headway made since last year under the guidance of the organization.

African countries continue to speak with a united voice on important internatio

nal and regional issues, and the international influence of the continent keeps rising,

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