f the escalation of the bilateral trade dispute is not a short det

detour before reaching a deal sooner or later, then the economic impact for consumers in China and t

he US, as well as other parts of the world, will be fairly costly, said Chen Wenling, chief econ

omist at the China Center for International Economic Exchanges.

Whether they buy finished products or goods made from r

aw materials and components, the tariffs still exist, Chen said.

The escalation will make goods produced by both countries less co

mpetitive and cause large-scale job losses, said Chen.

Wei Jianguo, former vice-minister of commerce, said economic conflict

s and trade friction between China and the US that draw global attention will happen fro

m time to time in the future, and these should be rationally regarded and prepared for.

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the UN Office for Disaster Risk Reduction and the Alliance of

ernational Science Organizations, a group created to connect the scientific communities of BRI participants.

Bai Chunli, president of the academy, said in the conference’s opening ceremony on Saturday that areas along the Silk Road are

prone to various natural disasters that have resulted in massive loss of life and economic damage.

“As a result, it is paramount to use new technologies and international cooperation to jointly tackle these nat

ural disaster risks, protect ecological security and achieve sustainable development,” Bai said.

The academy will continue to collaborate with foreign partners to create new platfor

ms and mechanisms to improve disaster management and ecological protection, he added.

Mami Mizutori, head of the UN Office for Disaste

r Risk Reduction, said in a video speech that the scale and reach of the world’s largest infrastructure initiative will impact billi

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Efforts should be made to give people a more solid and

sustained sense of security, Xi said.Beijing blasts US Congress for Taiwan defense bill

Xi called for reforms in public security work and said big data should be used as a major engine to promote innovation in the sector. More

measures for higher-quality services should be implemented to give the public a substantial sense of fulfillment, he added.

While demanding that high discipline be exercised within the public security forc

es, Xi said there will be zero tolerance for violations of laws and Party discipline.

He also urged Party committees at all levels to suppo

Beijing resolutely opposes the United States House of Representatives for passing a bill on Tues

day to bolster Taiwan’s defense capability, calling it “boorish interference” in China’s domestic affairs.

Foreign Ministry spokesman Geng Shuang made the comment on Wedn

esday after the House voted to pass a nonbinding resolution reaffirming the US commitment to Taiwan. It also backed the

so­-called Taiwan Assurance Act of 2019, which supports Taiwan increasing its defense spending.

rt public security staff in exercising power and fulfilling their responsibilities in accordance with the law.

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The aircraft, a Sukhoi Superjet 100 from Aeroflot Russ

sian Airlines, was bound from Moscow for Murmansk in Russia’s far north.

It made an emergency landing at the airport shortly after takeoff with 73 passengers and five crew members aboard.

The aircraft circled before making a hard landing back at the airport after the crew issued a mayday alert.

As seen in CCTV footage, the plane touched down hard and skidded along the runway, spewing out plumes of black smok

e and nearly completely afire. The plane’s undercarriage collapsed as it slowed to a halt on the tarmac.

Yelena Markovskaya, spokeswoman for the Moscow interregional tr

ansport investigation department of the Investigative Committee of the Russian Fed

eration, said on Monday that 37 people survived, including four crew members.

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China and the US have been expediting their econo

ic and trade consultations, with a goal of implementing the consensuses President Xi Jinping and US President Donald Trump r

eached in December, said Xue Rongjiu, deputy director of the China Society for WTO Studies in Beijing.

China has made various moves recently to expand the new round of reform and opening-up — such as the approval of the Foreign Investm

ent Law in March and further facilitating trade connectivity under the Belt and Road Initiative. It will cont

inue opening its market in a proactive, steady and orderly manner, in accordance with its own development ne

eds and its own pace and timetable, to benefit Chinese and global consumers across the world, said Tu Xinquan, a pro

fessor of international trade at the University of International Business and Economics in Beijing.

James Collins, CEO of Corteva Agriscience, the agricultural division of US-bas

ed DowDuPont, said he hopes the two countries will reach a positive resolution, to benefit both countries and the re

st of the world. Collins said his firm was “not so much affected” in the short term by China-US trade tensions.

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The forum helped countries upgrade their concept

 of cooperation, defined key areas and strengthened the mechanism to seek high-quality development of the BRI, he said.

Leaders reached wide-ranging agreement on high-quality cooperation on the BRI at the leaders’ roundtable on Saturday after an i

n-depth exchange of views on issues such as connectivity, policy integration and sustainable development.

They supported comprehensive infrastructure connectivity as a way to foster economic growth and to build high-q

uality, reliable, resilient and sustainable infrastructure, according to a joint communique issued after the roundtable.

All parties involved supported strengthening synergies in development policies using the principle

of extensive consultations, joint contributions for shared benefits and building even closer partnerships, the joint communique said.

The leaders also upheld green and sustainable growth and agreed to enhance cooperation in areas such as environ

mental protection, circular economy and clean energy, according to the communique.

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Investment spurs BRI countries’ growthTwo-way investment

tween China and economies related to the Belt and Road Initiative ex

ceeded $130 billion between 2013 and 2018, injecting new growth momentum into BRI-rela

ted countries and contributing to recovery of the global economy, senior Chinese officials said on Monday.

China’s direct investment in BRI-related countries grew by 5.2 percent a

nnually on average to surpass $90 billion between 2013 and 2018, Song Lihong, an officia

l in the Ministry of Commerce’s Comprehensive Department, said at a news conference.

Song said that in the same period, China had received a total of

$40 billion in inbound investment from BRI countries as two-way investment deepened.

Within the five years, the value of the projects completed

by Chinese companies in BRI economies amounted to $400 billion, Song said.

The value of trade in goods between China and BRI-related economies exceeded $6 trillion in the same period, an av

rage annual growth of 4 percent, higher than the overall growth of China’s foreign trade, he added.

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Xi shared some of his personal life. He said he has a dee

 interest in philosophy, history, literature, culture, music and sports, and that he first cul

tivated many of these interests back in middle school and they have stayed with him ever since.

His job is serving the people, and he works hard with a busy schedule, but takes great pleasure in his work, Xi wrote.

The Niles North students also inquired whether Xi likes the US.

Xi answered in the letter that he has visited their country many times and is impressed with the “beautiful landscape, hos

pitable people and diverse culture”, and he made a lot of friends, including some young people.

He said the students are “wonderful” and expressed hope that they will make greater progress in studying Chinese.

Learning Chinese will help them better understand China, a

d get acquainted with more Chinese friends and Chinese-speaking friends across the world, Xi said.

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Last month, China has set its GDP growth target for this

year at a range of 6 to 6.5 percent, according to the 2019 Government Work Report.

A further 3.24 million new urban jobs were added in the first quarter, and the survey

ed unemployment rate remained at a comparatively low level of 5.2 percent in

March. Consumer price registered a moderate rise by 1.8 percent in the first three months this year.

A basic equilibrium in the balance of payments was m

aintained, and China’s foreign exchange reserves remain more than $3 trillion.

Economic structure further improved during the same period. Value-added high-tech se

ctor’s output rose by 7.8 percent, higher than the country’s value-added industrial output.

In the first quarter, NDRC has approved 50 fixed asset investment projects, mainly i

n the fields of energy, transportation and high-tech sectors. The total investment hit 370.3 bill

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On Tuesday afternoon, he had talks with Tusk and Jun

ker. A number of cooperative agreements were signed after that.

Li flew to Croatia late on Tuesday to begin his first visit to the Central and Eastern Europe

an country, which also is the first by a Chinese premie

r in the 27 years since the two countries established diplo

matic ties. He will also attend the eighth China-CEEC leaders’ meeting in Dubrovnik.

In a signed article published on Tuesday by several Croatian newspap

ers, Li said China will open up further to unlock the potential for trade in goods and promote two-way t

rade and investment liberalization and facilitation. More competitive goo

ds from CEE countries are welcome in China, which is committed to working for more balanced trade.

Li also called for more opportunities in the new economy and new growt

h drivers in the digital economy, e-commerce, financial technology and smart cities.

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