Wu Hongwei, a researcher of China-Russia relation

s at the Chinese Academy of Social Sciences, said bilateral cooperation plays a prominent role

in guaranteeing world peace and security at a time when the global situation is clouded by tensions and turmoil.

The two countries share the same position in promoting a more stable and multipolar world, Wu said, adding that they ha

ve sent such signals through supporting and coordinating with each other on international occasions.

China would rather rely on market-oriented forces to determine the renminbi’s value than defend its currency by di

pping into its $3 trillion foreign exchange reserves amid trade disagreements, analysts said.

The United States Treasury announced on Wednesday that it could not label Chin

a as a “currency manipulator” after Washington monitored the recent performance of the RMB.

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He said it does no one any favors to delink over poss

ssible national security concerns. Fair engagement across technologies is a better way to secure national security than delinking.

“The cost of decoupling will be very high for both economies,” he said. “Engage

ment in a fair competition with common rules is a far better outcome than decoupling.”

If there has to be some “decoupling” due to “valid national security conc

erns” in both countries, that should be kept to a minimum and not exaggerated, he said.

“Normal commerce is in the interest of both of our countries. And we should pursue it vigorously,” he added.

Allen also said members of the council are worried that they are now i

n a “very uncertain time” when the already tense situation could potentially deteriorate, as th

e world’s top two economies are embroiled in a protracted trade dispute with the Trum

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Accelerating the opening up of China’s commodity futu

ures market will help foreign investors optimize their renminbi-denominated asset portfolios as they can inc

orporate investment targets of a wider variety, said Wang Tingting, an associate pro

fessor of finance with the Central University of Finance and Economics in Beijing.

“Moreover, as foreign investors’ trading helps boost liquidity in the domestic market and makes the price changes mor

e consistent with international trends, domestic market participants can also better hedge against risks,” he said.

Experts also expect China to open up the stock index futures market to foreign invest

ors, as they have large exposure in the A-share market and are therefore in need of this risk management tool.

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he familiar discrediting of China’s policy toward the

 Uygurs in the Xinjiang Uygur autonomous region.

Which in itself is a worrying development since it may be the start of the US using the domestic affa

irs of other countries as a pretext to stifle the growth of foreign competitors to US companies.

Washington, of course, is trying to put the US on the high moral ground while embedding

its trade frictions with other countries into its political agenda and using its economic policy for its foreign policy aims.

In this way, it is hoping to achieve the colonization of the global

business world, allegedly under the banners of human rights, freedom and democracy.

If Washington really cared about the human rights situation in X

injiang, it would by no means ignore the development of the region. Over the past four

decades, the regions’ economy has increased more than 250 times, and the well-being of the Uygur people h

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ei Jianguo, a former vice-minister of commerce, said US bus

inesses and consumers will pay the cost amid hefty levies, which will eventually add significant pressure on the US economy.

The US government’s moves risk sparking a full-blown trade

war with China, and China is fully prepared for any possibility, Wei said.

Economists at Goldman Sachs said in a research note that recent data showed the costs of Washington’s tariffs on China last year

had fallen “entirely” on US businesses and households, with no clear reduction in prices charged by Chinese exporters.

The bank said that US consumer prices are higher, partly because Chinese exporters have not low

ered their prices to better compete in the US market. In addition, some US producers “op

portunistically” increased prices in response to protection from Chinese competitors, it said.

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As a result, it is paramount to use new technologies and

international cooperation to jointly tackle these natural disaster risks, protect ecological security and achieve sustainable development,” Bai said.

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

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

Mami Mizutori, head of the UN Office for Disaster Risk Reduction, said in a video speech that th

e scale and reach of the world’s largest infrastructure initiative will impact billions of people and reshape the ph

ysical world, and countries should be mindful of these projects’ impact on the environment and inhabitants.

“It is encouraging that the government of China is taking proac­tive measures to ensu

re that the development of the Belt and Road Initiative is risk-informed and sustainable,” she added.

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Democrats have said they may issue a subpoena to

try to force Barr to testify before their committee.

“The failure of Attorney General Barr to come to the hearing today is sim

ply another step in the administration’s growing attack on American democracy an

d its attack on the right of Congress” as a co-equal branch of government, Nadler said.

Barr spent four hours before a Republican-led Senate committee on Wednesday defen

ding his handling of Mueller’s report on Russia’s interference in the election to boost Trump’s ca

ndidacy and whether the president subsequently tried to obstruct Mueller’s probe.

Representative Doug Collins, the House Judiciary Committee’s top Republican, s

aid Barr did not appear before that panel because Nadler had insisted on an aggr

essive format with an extra hour of questioning from its own lawyers, in addition to those from the committee’s

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Shaorong, vice-general manager of Qinzhou Nixing Po

He told China Daily his company’s priority is to attract more peo

ple, especially non-locals, to visit and boost sales, as local consumption has limited potent

ial. The company is eyeing more business opportunities based on word-of-mouth among visitors, Long said.

This “one-stop industrial tourism”, as Long calls it, has contrib

uted more than 60 percent in total sales since his company started to feel out the market in 2005.

Long witnessed the company transform from a State-owned enterprise to a market-orient

ed limited company at the turn of century. By streamlining internal bodies and lifting the proportion of em

ployees involved in production while promoting its products via culture and tourism, costs can be cut, according to Long.

Now, he added, the annual production value of the company has reached 10 million yuan ($1.5 million).

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Chongqing twin bridges win top civil engineering award

The Twin River Bridges in Southwest China’s Chongqing municipality, a famous scenic spot, has won Tien-yow Jem

e Civil Engineering Prize, the country’s top civil engineering award, Chongqing Daily reported.The twin bridg

e consists of the Dongshuimen Bridge over the Yangtze River and the Qiansimen Bridge over the Jialing River. Looki

ng from above, the twin bridges connecting Jiangbei district, Yuzhong peninsula and Nan’an district look like one

long bridge.Qiansimen Bridge. [Photo/IC]The Dongshuimen Bridge, opened to traffic in 2014, crosses the Yang

tze River with a cable-stayed main span that is 445 meters long, connecting the Yuzhong and Nan’an Districts. It is the

world’s longest single plane partially cable-stayed bridge by the length of main span with two towers.

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With the new platform, foreign talents only need to mak

 one trip and fill out a form at the platform to apply for working visas. A professional team will also help their family members with the relevant procedures.

To better serve foreign talents, a number of domestic and international human resources ind

ustry leaders have set up offices in the talent hub, including Manpower, Shanghai Foreign Service Group, CDP Group and Liepin.com.

 China has issued guidelines to ensure the high-quality development of cross-border e-commerce

posting and delivery services, a State Post Bureau (SPB) official said on April 11.

The guidelines were jointly issued by the SPB, Ministry of Commerce an

d General Administration of Customs, SPB official Tu Gang told a press conference.

While stressing the significance of cross border delivery services, Tu said weaknesses r

emained in aspects such as user experience, security control and international rules.

China will launch a whole-process supervision approach on cross-border delivery services and impl

ement security management regulations including real-name receiving and posting, human and machine examination of parcels.

China supports foreign investors to set up new businesses in the industry within its territory through legitimate applications.

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