hina to issue white paper on China-US economic, trade

 China will issue a white paper about its stance on economic and trade talks with the United States Sunday morning.

The white paper, titled China’s Position on the China-US Economic and Trade Consultat

ions, will be released at 10 am on June 2 by the State Council Information Office, which will also hold a press conference.

China has raised additional tariffs to a maximum 25 percent on part of the $60 billion worth of US pr

oducts, effective June 1, according to a statement by the Customs Tariff Commission of the State Council.

The rates of additional tariffs on some of the products will be increased to 25 percent, 20 percent, and 10 percent, re

spectively. The 5 percent additional tariffs applied to some products remained unchanged.

The move came after the US’ latest tax increase on $200 billion worth of Chinese goods from 10 percent to 25 percent.

 

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At present, more than 20 provincial-level regions have

 completed 5G call tests and more than 500,000 commercial 5G base stations are expected to be

built in South China’s Guangdong, North China’s Hebei, East China‘s Zhejiang and Jiangxi, and Central Chi

na’s Hubei provinces and the cities of Shanghai, Harbin, Tianjin, Chongqing and Wuhan in the future, the report said.

“With technologies and products related to the 5G network maturing, the main parts of the 5G ind

ustrial chain, including systems, chips and terminals, are ready for commercial use,” Wen Ku, a

spokesman for the Ministry of Industry and Information Technology, said on Tuesday.

The report said the ministry, having made a general plan fo

r 5G application, is estimated to formally issue 5G licenses at some point this year.

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It currently plays a leading role in the network. All the oth

her telescopes have diameters of 20 meters at most. Tianma can receive more signals than all of them combined,” Shen said.

Tianma has also played an indispensable role in determining orbits for China’s moon an

d deep space explorations. It will also determine orbits for the country’s first Mars exploration in 2020, Shen said.

The government is tackling illegal disposal of lead-acid fuel cells, w

hich has resulted in pollution and higher health risks. Hou Liqiang reports from Pizhou, Jiangsu.

China is the world’s largest manufacturer of lead-acid batteries, which are widely us

ed to power electric bikes and supply the ignition spark for conventional automobiles.

However, spent batteries, which are officially designated as hazardous waste, are often dispose

d of illegally, squandering large amounts of valuable lead and causing pollution that is costly to remedy.

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We believe that these things are major issues of prin

ciple. So every country has important principles, and we absolutely c

annot make concessions on such issues of principle,” the vice-premier said.

Liu, however, added that he hoped both sides would exhibit flexibility in the talks.

He refuted the criticism of the US side that China reneged on its promises in the draft trade text.

“We believe that it is only natural to have changes before a final deal; it is something that surely occurs in the process, so we

don’t think the Chinese side has back-walked,” he said, adding that he disagreed with the wording of “renege”.

“We just had differing views on how to phrase some things in t

he text, and we hope to resolve it, so it’s unnecessary to overreact to the issue,” he said.

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hina deeply disappointed by US tariff planpointm

hina voiced deep disappointment late on Wednesday about Washington’s plan to raise tariffs on Chinese imports on Fr

iday, saying that it will take necessary counter-measures if the US tariffs increase takes effect.

The planned tariffs increase on $200 billion worth of Chinese

imports from 10 percent to 25 percent was filed by the Office of the US Trade Representative, and

the filing appeared on Wednesday in the Federal Register, the Associated Press reported.

In response, an unnamed spokesman for the Ministry of Commerce said in a statement on the ministry’s website that escal

ating trade friction does not serve the interests of people in the two countries and the world.

Major US trade bodies have urged the Trump administration to avoid further escalating tensions by suddenly incr

easing tariffs on Friday, while experts said it’s sensible for China to continue negotiations in a measured way.

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The budgetary restrictions over government investm

ent funds will be further tightened, and government-funded programs m

ust not be constructed with capital advances from contractors, the regulation said.

The regulation, to take effect in July, came after heightened efforts

by the central government to rein in debts raise

d by local authorities, which are estimated to have reached 18.4 trillion yuan ($2.7 trillion) by the end of 2018.

Minister of Finance Liu Kun said in this year’s legislative session in March th

at China will adopt stringent measures to prevent new illegal borrowing by local authorities.

He said there has been action by local authorities to use financi

ng platforms to raise debts in violation of laws and regu

lations, and the ministry will block the way for such illegal debt-raising behavior in the future.

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Detailed information on the foundation and the laurea

Peng Yuxing, vice-governor of Southwest China’s Sichuan province, is under disciplinary and supe

rvisory investigation for suspected severe violations of disciplines and laws, an official statement said Sunday.

The investigation is being conducted by the Communist Party of China Central Co

mmission for Discipline Inspection and the National Supervisory Commission.

Peng, a Sichuan native, was born in 1962. He graduated from Sichuan University with a master’s degree in 1985 and in July 1992 r

eceived his science doctorate from Pierre and Marie Curie University in Paris, specializing in polymers and materials.

He pursued a postdoctoral degree at ExxonMobil Chemical France from July 1992 to December 1993.

Peng then served in leadership positions at the Chengdu Institute of Organic Chemistry under the Chinese Academy of Sciences from 1997 to 2009.

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