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 …

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Chinese investment in the United States is creating go

ood jobs in areas that are poor, where good jobs are needed,” he said. “We should celebrate that advancement of econ omic opportunity in the United States. And similarly, we should expand US investment in China.” US goods exports to China declined by 7 percent in 2018, as trade disputes between the two economies began to bite, but still outpaced growth in exports to the rest of the world over the past decade, ac cording to the 2019 State Export Report released earlier this month by the US-China Business Council. The report said China continued to be important to US …

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China you picked the wrong fight!” Regan tweeted on

On May 22, on her own program, The Point With Liu Xin, Liu a top anchor on the English-languag e channel of CGTN, said the $600 billion figure is an estimate by a nonprofit organization that had not been verified. Liu said it refers to the US’ possible IP loss to the world in a year, according to the organization’s report, China Daily reported. She said Regan’s points were “all emotion” with “little substance”. Regan responded on Twitter: “Hey #China State TV – let’s have an HONEST debate on #trade. You accuse me of being ’emotional’ and not knowing my …

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ang said by the end of this year, 5G network construc

The Beijing municipal government plans to invest at least 30 billion yuan by 2022 to build 5G networks, according to a 5G devel opment plan released in January. In Beijing’s road map for 5G development from 2019 to 2022, the municipal gov ernment has set a goal to develop its 5G-related industry to realize an income of 200 billion yuan by 2022. The city said it hopes that by 2022, Beijing-based scientific research units and enterprises can be a key contributor to global 5G technical standards, acc ounting for more than 5 percent of all primary and essential international 5G …

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a socialist economy with Chinese characteristics … we are q

ite mixed, very dynamic and very open as well.” Liu said that according to statistics, about 80 percent of Chinese employees were employed b y private enterprises, and 80 percent of Chinese exports were done by private companies. Asked how the US businesses operate in China with the risk of their intellectual property rights b eing stolen, Liu said many American companies have been established in China and they’re very profitable. “The great majority of them, I believe, plan to continue to invest i n China and explore the Chinese market as well,” Liu said. “Now, US President Donald Tru …

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video of Liu competing in an international English spee

ech competition in 1996 in London was sent around Chinese social media, the US website qz.com reported. “While the Western world views Liu as an unapologetic champion of China’s agenda, many mai nland citizens regard her as a national heroine defending her country from hostile foreign influences,” Newsweek reported. On Monday, Regan tweeted: “I look forward to hosting Ms Liu – in a FIRST OF ITS KIND debate on trade – LIVE from Beijing & New York.” Beijing on Wednesday set up a 5 billion yuan ($724 million) fund to spur development of the fift h-generation or 5G mobile technology …

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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 …

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The NDRC said in the recent media interview that Chin

na will adhere to the principle of fair and free trade in its management of rare-earth ex ports, but “the Chinese people will be unhappy” if the country’s exported rare-earth metals are used against China. Since the start of the China-US trade friction more than a year ago, Washington has taken many measures, includin g taking advantage of its edge in high-end chip making, to stymie Chinese high-tech firms, the NDRC said. The NDRC added that in its latest move to dampen China’s industrial development, the US governme nt has used an executive order to effectively ban products of Chinese …

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A spokesperson at Volkswagen China said SEAT is schedu

uled to become a shareholder of the joint venture by the end of 2019, holding at least 1 percent of i ts equity. According to Chinese norms, it is mandatory for international brands to produce vehicles in China bearing its names. Luca de Meo, CEO of SEAT, said: “China is the benchmark country for electric vehicles. We aim to be a part of this ecos ystem in order to exchange knowledge and make progress in achieving global mobility that is more sustainable.” Currently, JAC, Volkswagen and SEAT are building a 4 billion yuan ($579 million) research and development center in …

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hich means even if Beijing does not take countermeasures

ch means even if Beijing does not take countermeasures equal in scale to Washington’s, the US economy will not be left unscathed. Tariff hike will harm both China and US The list of products subject to US tariff hike covers daily necessities, light industry and machinery, with the main targets being agricultural and food products, and general manufacturing goods produced by light industries. In terms of agricultural and food products, China is the third-largest supplier to the US, with processed fruits and vegetables; fruit and vegetable juice; fast food and snacks; fresh vegetables and tea leaves being the main items. …

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