Conflict also disrupts growth. Although many conflic

icts appear to have a religious or ethnic basis, some scholars believe their root cause may be economic, with ethnic divisio

s serving as a way to exclude other groups from access to scarce resources and opportunities. Whatever its so

urce, inequality of opportunity has a highly disruptive effect on governance and hence growth.

But these obstacles are not insurmountable. For one th

ing, developing countries now have huge potential export markets in middle-inc

ome countries, and no longer depend entirely on advanced economies for access to global markets.

Belt and Road can play vital development role

There is also a renewed awareness of the importance of infrastructure in e

nabling growth. In addition to roads, railways and ports, electricity and digital conn

ectivity are crucial. In this regard, the rapid expansion of cellular wireless technology, combined with the install

ation of high-capacity undersea broadband pipes around Africa, represents major prog

www.blghuafenchi.cn

Trade agreements can affect the types of goods being

traded and they can redirect trade toward one country, away

from others. They cannot directly affect any country’s worldwide current account balance. A count

ry that saves less than it invests will have to borrow foreign funds to import foreign goods to make up that difference.

There are two ways to reduce the US trade deficit. A serious recession would reduce investme

nt, but nobody advocates that as a strategy. The only other path is to change the US financial and gove

rnment system to encourage increased savings. China has almost nothing to do with it.

Ironically, the disputes between the US and China center around both nations’ legitimate desires to

protect some current low-skilled jobs, or at least to allow an easier transition to new jobs and industries.

US administration’s economic policy has rightly focused on the need to

retain jobs for working-class people in the US. And, China’s companies that export to the U

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This issue is similar to the environment. External critics

ent. External critics of China don’t appreciate that Chinese themselves realize there

are issues to be addressed. They are doing so. These developments should be encouraged.”

President Xi Jinping, who spoke at the Second Belt and Road Foru

m for International Cooperation in Beijing recen

tly, listed areas in which China will improve the environment for foreign investment.

The president said the nation will work hard to create a business environ

ment that respects the value of intellectual prop

erty, will improve the legal system for IPR protection at all levels, will strengthen law enforcement and pr

otection for the legitimate rights and interests of foreign IP owners and will bar the

forced transfer of technology, improve protection of trade secrets and crack down on infringement.

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Premier Li signs revised regulation on gov’t informati

Premier Li Keqiang has signed a revised regulation on the disclosure

of government information to better respond to public concerns.

The revision, based on the 2008 version, is aimed at increasing openness of government

affairs and resolving prominent problems in government information disclosure.

It also represents the headway and achievements made in this field over the past years and clarified the scope of governm

ent information disclosure, calling for constantly expanding information disclosure.

Stressing the need to improve the legal rights and interests of the a

pplicants and related parties when applying for information disclosure in accordance with pr

ocedures, the revision also made necessary stipulations on the improper exercise of application rights by a small num

ber of applicants affecting the normal conduct of government information disclosure.

Efforts should be made to improve the effectiveness of government information disclosure by using information techn

ology, to enable government information to play its due role in serving the people, it added.

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Apple, in rare reversal, pulls plug on wireless charging mat

Apple Inc on Friday said it is canceling the AirPower wireless charging mat that

the company announced in 2017 on t

he same day as its iPhone X, a rare public retreat for the gadget maker known for splashy product launches.

The mat was intended to wirelessly charge up to three Apple products at

once, such as an iPhone, Apple Watch and AirPods wireless headphones.

While wireless charging has spread through the gadget industry, chargi

ng three devices at once with higher wattage “fast charging” has proved challengi

ng. Furniture seller Ikea, for example, sells a $60 matt that can handle three

phones but it only features slower 5-watt charging.

In a statement, Apple said that it had concluded that its AirPower mat “will

not achieve our high standards.”

“We apologize to those customers who were looking forward to this launch,”

Dan Riccio, Apple’s senior vice president of Hardware Engin

eering, said in the statement. “We continue to believe that the future is

wireless and are committed to push the wireless experience forward.”

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About 100 million units of handsets are sold in Europe ever

year. We must build a presence there.”In the fourth quarter of 2018, Oppo outcompeted Samsung to

become the largest smartphone vendor in Thailand with a market share of 22.2 percent, gro

wing about 70 percent year-on-year, according to the market research company Canalys.

Its products and services are also well received in other South Asian and Sout

heast Asian countries, including India, and African countries such as Kenya.

In 2018, Oppo shipped 113 million units of smartphones wor

ldwide, garnering a global market share of more than 8 percent, according to IDC data.

Other Chinese smartphone makers, including Huawei, Xiaomi and Vivo, are also looking beyon

d their home turf for growth. In this context, Oppo believes it has an edge over others as it first started its i

nternational journey as early as in 2009 in Thailand, much before others jumped on the going-global bandwagon.

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Then Trump claimed — wrongly — that the EU was unwillin

  g to “negotiate with the Obama administration” about trade. In fact, the prev

ious administration sought to conclude a Transatlantic Trade and Investm

ent Partnership — or TTIP — with Europe, though was unable to get the deal across the line. Trump’s own talks on t

rade with Europe have been inconclusive, after he threatened to spark a trade war.

  Trump vs. his global counterparts

  Trump’s comments on Brexit also illustrated the tendency of a Pre

sident who admires dictators to throw allied leaders under the bus.

  He criticized Prime Minister Theresa May, whose credibility has been shredded by parliamentary defeats.

  ”She didn’t listen to that and that’s fine, I mean, she’s got to do what she’s got to do,” said Trump, who was forced into

a rare apology last year after hammering May’s Brexit strategy on the eve of meeting her in the UK.

www.yuyingleyou.com.cn

New rocket engine to lift heavier satellite loadcommercial

China has developed a world-class solid-propellant rocket engine that is expected to boost the country’s capabilities in launching small satellites, its developer said.

The Academy of Aerospace Solid Propulsion Technology in Xi’an, Shaanxi province, a subsidiary of China Aeros

pace Science and Technology Corp, announced that the first ignition test of the engine was successfully made on Tuesday.

The academy said in a statement that the engine uses several ad

vanced technologies and high-performance composite materials and has world-class capa

bility. It can be used with the country’s new-generation solid-fuel rockets, giving such rockets more power to l

ift small satellites and also promising good competitiveness in the commercial launch market, it said.

The academy said the engine has a diameter of 2.65 meters, contains 71 metric tons of solid p

ropellant and produces 200 tons of thrust-making it the biggest and most powerful known solid

-propellant engine in China. The engine that previously held that distinction is made by the China Aer

ospace Science and Industry Corp Fourth Academy in Wuhan, Hubei province, and produces 180 tons of thrust.

trwater.com.cn

I’m happy to hear that the government will continue to pro

mote the reform and opening-up. There are many things in the pipeline for foreign direct i

nvestment. The government plans to allow many companies in different kinds of sectors. In this

upcoming session, the new law regarding foreign direct investment will be discussed. I believe more Sudanese co

mpanies will be allowed to come to China and more Chinese companies will go to Sudan.

I noticed many important things mentioned in today’s report. It talk

s about employment, the protection of the environment, the opening-up of the Chin

ese economy and external trade, which are very impressive. As an ambassador, I wish success to the Chin

ese government in the coming year and I’d like to see more Chinese investors invest in Tunisia.

When it comes to the opening-up of the financial sector, the bond mark

et, the development of multi-tier capital market, the continued emphasis on controlling lev

erage, I think those are some of the issues that we are very interested in. And we are going to study the report.

We haven’t seen the final version of the Foreign Investment Law yet. We

will look at it. But further opening up, especially related to service sector, is very imp

ortant. I think it will bring big benefits for China and big benefits to all the countries in the world.

nqlbn.cn

How the Wagah border post became a symbol of India

  Military tensions in the disputed region of Kashmir have erupted in recent

weeks, with India and Pakistan painting different versions of events.

  One thing we do know for certain is that an Indian pilot, identified as Wing Commander Abhinandan, was captured by Pakistan aft

er his plane was shot down in a dogfight earlier this week between Pakistani and Indian warplanes over the ceasefire line in Kashmir.

  He was due to be handed back to India on Friday afternoon, at a famous border post in the village of Wagah.

  While Indian-controlled Kashmir and Pakistani-controlled Kashmir are separate

d by a 435-mile de facto border known as the Line of Control (LoC), Wagah village sits on the international fron

tier to the south between the Pakistani city of Lahore and the Indian city of Amritsar.

  Wagah straddles the border — with the eastern half in India and the western half in Paki

stan — and sits on the Grand Trunk Road, one of the main overland routes between the two nations.

  Pakistani rangers (L) and Indian security forces (R) perform the daily Beating Retreat ceremony at Wagah in August 2017.

  The border post has taken on a symbolic role in the decades-long conflict over Kashmir, despite be

ing outside the disputed region, thanks to a daily military parade known as the Beating Retreat ceremony.

  Every evening there for 60 years, Pakistan’s Rangers and India’s Border Securit

y Force have taken part in a lowering-of-the-flags ceremony before sunset, typically around 4 p.m. local time.

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