In contrast, the US seems to take it for granted that tarif

s are a weapon it can employ to bring China to its knees and extract one-sided

concessions, apparently ignorant to the fac

t that China is not what it was in the late 1800s and early 1900s when the country was forced into signing humil

iating treaties, which resulted in the opening of trading ports and paying of indemnities to Western powers.

Perhaps the blame for the breakdown in the talks should be laid at the door of the mind-set o

f the West, which sees only winners and losers, rather than a holistic whole in

which all benefit from each other.

That Eastern viewpoint explains why

China still hopes that the US will meet it halfway for

the benefit of both countries and both

peoples as well as the development of the world economy.

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Now that it has reached middle-income status, China’s eco

nomic strategy will focus on creating a highly competitive domestic market that forces com

panies to produce high-value goods so they can pay high wages to highly skilled people.

Because of its long experience in manufacturing, much of tha

t push will be focused on higher value-added production, using the new technologies of r

obotics, artificial intelligence, the internet of things and 5G. This is the only way to avoid the middle-income trap.

The reform and opening-up policies are exactly the kinds of market-driven reforms

needed to make this happen. The Chinese government is investing heavily in research and development, but it sho

uld be noted that the R&D spending as a percentage of GDP is still lower than that of the US.

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he scholars suggested that authorities such as th

 National Health Commission should monitor all gene-editing centers and IVF clinics in China to ensure trials are in line with regulations.

A national registry dedicated to clinical trials involving cell technologies should be established to pro

mote greater transparency, they said, so that before a trial begins scientists would need to pass an

ethics review and provide a list of names of all participating scientists and institutions.

Universities and research institutes should strengthen education and

training in bioethics and scientific and medical professionalism, covering research sci

entists and students of science, medicine and the humanities at all levels, they said.

In addition, more efforts should be undertaken to eliminate prejudice against people wi

th disabilities, which exists in the minds of some scholars, they said. Following the gene-edited baby incid

ent, government departments have vowed to improve supervision, and new regulations are being made or revised.

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hina’s growth a source of hope for allong proclaimi

With Chairman Mao Zedong proclaiming the founding of the People’s Republic of China on

Oct 1, 1949, the Chinese people began leaving behind a century of colonial humiliation and building a new life.

What remains poorly understood by the wider world even seven decades later is how dire were

the conditions in China during those days. While China sustained its triumph, Chinese people’s living stan

dard 70 years ago was barely 5 percent relative to their counterparts in the United States.

It was a dire starting point.

Transitions that raised China’s living standard

In the late 1970s, Deng Xiaoping introduced “reform and opening-up” policies

and established special economic zones, which ultimately facilitated China’s entry int

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Xi’s speech on opening-up is well receivedpolicies

President lays out proposals to encourage foreign investment, guarantee fair competition

The measures that President Xi Jinping recently proposed to encourage foreign investment and further opening-up in Ch

ina are welcome developments that address the international community’s concerns, according to experts.

“The promises made are very positive, and all of them are helpful,” William Over

holt, senior research fellow at Harvard’s Kennedy School of Government, said of Xi’s keynote speech at the

opening of the Second Belt and Road Forum for International Cooperation in Beijing.

Xi brought up a series of reform and opening-up measures, including expanding market acce

ss for foreign investment in more areas and working harder to ensure the implementation of opening-up policies.

China’s pledges included shortening its negative list for foreign investments, opening up more sect

ors to foreign businesses, guaranteeing fair competition and planning new free-trade zones and ports.

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Venezuela’s ANC president calls for defending govt

Venezuela’s National Constituent Assembly (ANC) President Diosdado Cabello called on the Venezuelan people to “d

efend” the government of President Nicolas Maduro on Tuesday before the alleged coup occurred earlier.

“We invite all the people of Caracas, come to the Miraflores Palace (seat of government) immediately,” said Cabello.

Speaking to the television station VTV, Cabello said that from the “first hour” of Tues

day, President Maduro was checking and reviewing everything that had happened.

“We are already taking corresponding actions. They are fully identified. There are the sa

me coup leaders as always, those who do not respect the rules of democracy,” Cabello said.

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NPC reviews Securities Law amendmentdamental law governin

Country may soon adopt revision to pave way for capital market reform

The top legislature deliberated on the draft revision of the Securities Law over the weeke

nd, signaling China may soon adopt the revision to pave the way for key capital market reforms, experts said.

On Saturday, the draft revision was submitted to a bimonthly s

ession of the Standing Committee of the National People’s Congress for a third reading, Xinh

ua News Agency reported. The session began on Saturday and continues through Tuesday.

Revision of the fundamental law governing the capital market h

as lasted for six years, with 2015 and 2017 having seen readings of two draft versions.

“The latest draft version is of great importance because it will provide legal grounds for the registration-based initial pub

lic offering system-a key reform that China’s capital market has been awaiting for years,” said Dong Dengxin, director of th

e Finance and Securities Institute at Wuhan University of Science and Technology.

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China’s first aircraft carrier, the Liaoning, and latest nuc

More than 60 countries will send delegations to join multinational naval events marking the anniv

ersary, and over 30 countries of them will send major navy leaders to participate, according to Qiu.

Nearly 20 foreign vessels of various capabilities, including destroyers, frigates and landing ships, will join Chinese vessels in the naval parade, sh

owing to the world the “firm determination to safeguard peace and seek development with joint efforts,” Qiu said.

Organizing multinational naval parades is a unique ceremonial activity of navies, according to Qiu.

The Chinese People’s Liberation Army Navy has been active in provi

ding security products for the international community since its founding, Qiu said.

The navy has paid over 100 visits to 94 countries and 138 ports, and has held more

than 60 joint military drills with foreign navies over the 70 years, according to Qiu.

Since 2008, the navy has sent 32 escort fleets, 103 vessels, 69 helicopters and more than 27,000 offic

ers and soldiers to escort over 6,600 vessels, more than a half of which were foreign merchant ships, he added.

Since 2010, the naval hospital ship Peace Ark has traveled to 43 countr

ies and regions and provided free medical services to over 230,000 people, Qiu said.

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He noted that since the first Belt and Road Forum for

 International Cooperation two years ago, more countries and inter

national organizations have joined in the construction of the Belt and Road.

So far, 125 countries and 29 international organiz

ations have signed BRI cooperation documents with China, according to Lu.

Among them are 16 Central and Eastern European countries and Gr

eece. Italy and Luxembourg signed cooperation agreements with China last month to join

tly build the Belt and Road. Jamaica also signed similar agreements on Thursday.

During Premier Li Keqiang’s European visit last week, both sides agreed to seek greate

r synergy between the BRI and the European Union’s strategy for connecting with Asia.

Yang Jiechi, director of the Office of the Foreign Affairs Commission of the Comm

unist Party of China Central Committee, said last month that representatives of more than 100 coun

tries, including about 40 foreign leaders, have confirmed their attendance at the Beijing forum.

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As a leading company in regional development planning

 Roland Berger has contributed to China’s economic development for more than three

decades and would like to bring those experiences to Xiongan’s development, Jiang said.

“As Xiongan New Area is a national strategy and therefore receives attention and support from the highest levels, its devel

opment must demonstrate very high standards and utilize innovations and deep reforms in various areas,” he said.

Jiang added that Xiongan has attracted the attention of President Xi Jinping from the very beginning of its conception.

On Feb 23, 2017, Xi visited Hebei during the planning process of Xiongan.

“Xiongan New Area will be a legacy for our future generations. Following the principle of global vision, international stand

ards, Chinese characteristics and high goals, we should aim to build a demonstration area that practices new con

cepts for development,” Xi said at the meeting on the planning and development of Xiongan.

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