to sell chips to ZTE, a Chinese multinational telecommunications equipment and

systems company, even after imposing huge fines on the company. By so doing, the US has act

ually encouraged China to increase investment in its high-tech sector. So, even if China and the US were to strike a de

al, China would be prompted to import lower volumes of energy and agricultural products from the US.

In macroeconomic terms, the China-US trade dispute has added h

uge uncertainties to the US economy and raised the likelihood of recession. Which cou

ld thwart the US president’s chances of being re-elected in 2020. And the trade dispute c

ould prevent the US from taking the measures it intends to in order to consolidate its national power.

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ew stage of preparation for the Games,” said Chen Jining, mayor of Beijin

g and executive president of the 2022 Winter Olympics Organizing Committee. “We will end

eavor to deliver a fantastic, extraordinary and excellent Olympic and Paralympic Winter Games.”

The 1,000-day countdown — launched near the iconic Bird’s Nest and the

Water Cube, both 2008 venues — underlined Beijing’s focus on sustainability in prepa

ring a second time for an Olympic extravaganza by reusing existing resources built for the Summer Games.

According to the 2022 Winter Olympics organizing committee, 11 of the 13 v

enues needed in Beijing’s downtown, where all ice sports will be staged, will use existing faciliti

es built for 2008. Repurposing projects, such as transforming the Water Cube (which hosted swimming in 2008) into a

curling arena by filling the pool with steel structures and making ice on the surface, are well underway.

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trying to maintain stable relations with the US,” he said.

Li Haidong, a professor of US studies at China Foreign Affairs Universi

ty, said Washington has pushed a hard line in relations with Beijing in recent years.

“The Taiwan question is much more complicated and nonnegotiable,” Li said.

“If the US side continues to misinterpret the one-­China policy, it will irreparably damage Sino­-US ties,” he warned.

The US Senate will have to vote on the act before it can become law. The time of the vote is unknown.

“The consensus among US officials is to be tough on China, and room for rational option

s is rapidly shrinking as overconfidence and rash actions become the new norm,” he said.

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powerplants, human performance, weather, airports and other ar

eas,” the agency said, adding that it expects to brief the media later in the day.

The plane, chartered from Miami Air International, was attemp

ting to land at about 9:40 pm local time amid thunder and lightning when it slid off the runway and

came to rest in the shallow water of the river, authorities and passengers said.

The military base is on the western bank of the St. Johns River about 8

miles (12.87 km) south of central Jacksonville, about 350 miles (563.27 km) north of Miami.

Miami Air International is a charter airline operating a fleet of the Boeing 737-800, diffe

rent from the 737 MAX 8 aircraft that has been grounded following two fatal crashes involving that plane.

Representatives of the airline did not immediately reply to requests for comment.

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ce exchanges between their legislatures, political parties, youth, think tanks, media

and local authorities to cement their people’s support for friendly bilateral ties.

Bhandari said the joint building of the Belt and Road is a historic initiative and has an important global influence.

The initiative has served as a good platform for Nepal-China cooperation, she said.

The Nepali president expressed her congratulations on the 7

0th anniversary of the founding of the People’s Republic of China, and s

aid it is admirable what the Chinese people have achieved under the leadership of the Communist Party of China.

China is a true friend of Nepal, and Nepal sees opportunities in China’s prosperity and stability, Bhandari said.

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onable salary system to motivate their employees to give full play to their creativity and pro

ductivity, instead of forcing the workers to work long hours without adequate remuneration.

Chinese internet firms should learn from the managerial experiences of their foreign counterparts such

as Google and Facebook to incentivize their staff if they want them to work overtime and improve their productivity.

Huang Wei, a lawyer at Zhejiang Shenggang Law FirmWorkers’ rights and interests must not be compromised

The average leisure an average Chinese person enjoys is 2.27 h

ours a day compared with about 5 hours in developed countries suc

h as the United States, according to a research conducted by the Chinese Academy of Social Sciences.

Due to the “996” schedule in some high-tech and internet companies, the workers have even less leisure time, which affects not only t

heir daily life but also their health. Worse, many workers don’t even get paid for the extra work they do.

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Companies upbeat on 2-year-old new area as goals in place for development

Xiongan New Area, which was first announced two years ago, has been attracting

increasing attention from foreign companies given its huge development potential.

Located about 100 kilometers southwest of Beijing, Xiongan is aiming to become a significant part

of the Beijing-Tianjin-Hebei cluster, and plans to take over Beijing’s noncapital functions and pr

ovide a Chinese solution to “big city malaise”, including overcrowding, pollution and traffic congestion.

On April 1, 2017, China announced plans to establish Xiongan New Area, which an official statemen

t called “a strategy that will have lasting importance for the millennium to come, and a significant national event”.

Massimo Bagnasco, vice-president of the European Union Chamber of Commerce in China, said tha

t there are many opportunities for foreign companies to benefit from Xiongan.

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hina and the United States will hold their eighth round of high-level economic and trade cons

ultations in Beijing on Friday, with “much work” remaining to be done, the Ministry of Commerce said.

Ministry spokesman Gao Feng said on Thursday that the two nations have made some progre

ss through recent phone discussions between Vice-Premier Liu He and US Trade Representative Robert Ligh

thizer and Treasury Secretary Steven Mnuchin. “But there remains much work to be done,” he said.

To iron out differences over certain economic and trade issues, China and the US have b

een intensifying their consultations. Next week, Liu will visit Washington for the ninth round of talks.

Negotiators from both sides are striving to implement consensuses reached betw

een the countries’ leaders in December, Gao said at a regular news conference.

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t the government plans to accelerate local government bond issuance this year. “We are tryi

ng to complete the issuance of the new bond quota of 3.08 trillion yuan by the end of September.”

“We will urge local governments to inject funds into projects quickl

y in order to stabilize investment and expand domestic demand,” said Liu.

In the first two months, issued local government bonds totaled at 782.1 billion yuan. Among this, 326.1 bil

lion yuan was raised through special purpose bonds, a type just like United States municipal bonds, the ministry said.

hina will further facilitate foreign enterprises’ venture ca

pital investments in Chinese companies, said Premier Li Keqiang at the Boao Forum for Asia on Thursday.

The country will also improve the regulations on foreign investors’ strategic invest

ment in mainland-listed companies as well as on their mergers and acquisitions with domestic enterprises.

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  North Korea is withdrawing from a joint liaison office near the demilitarized zone (DMZ) with Sout

h Korea, a key symbol of the rapprochement and ongoing peace process between the two countries.

  The move comes after the US slapped two Chinese firms with sanctions for doing busin

ess with Pyongyang, the first action taken by Washington against North Korea since the second summit bet

ween North Korean leader Kim Jong Un and US President Donald Trump in Hanoi ended early with no agreement.

  South Korea’s Unification Ministry announced the move Friday, say

ing the decision had been taken by the North on “instructions from the superior authority.”

  In its communication with the South, Pyongyang said it would not mind Seoul’s representatives “remaining in the office,” whi

ch is based in Kaesong, a part of North Korea near the de facto border between the two countries.

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