Wang Peng, deputy head of think tank China Center for

 Information Industry Development, said Huawei’s chip making arm HiSilicon can help Huawei ensure the s

ustainability of its business to some extent, and its chip stocks “are expected to provide a buffer of six months to a year”.

Huawei said it procured around $70 billion worth of components and services from i

ts 13,000 suppliers worldwide last year, with roughly $11 billion coming from US suppliers.

The US has been voicing the “national security threat” of using Huawei products.

French President Emmanuel Macron said on Thursday that France will allow Huawe

i to build its 5G network infrastructure while preserving national security, according to Xinhua News Agency.

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Liu, who turned himself in, stepped down in Janua

ary as chairman of the China Securities Regulatory Commission, a position he kept for three years before being replaced by Yi Huiman.

The central commission said in the statement that Liu is cooperating with the probe.

hina’s housing regulator has warned four Chinese cities over price rises in the past three months, the Economic Observer reported.

Local governments of Foshan, Suzhou, Dalian and Nanning were urged by the Ministr

y of Housing and Urban-Rural Development to stabilize land and housing prices as well as market expectations.

This came a month after six other cities were also warned over similar reasons on April 19.

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The phone call took place days after the US Commerce Dep

artment announced on Wednesday it will add telecommunications eq

uipment maker Huawei and its affiliates to the Entity List on Wednesday. Being on the list

bars the company from buying US technology without government approval due to security concerns.

On the same day, US President Donald Trump signed an executive order that bars US companies fr

om using telecom equipment from manufacturers considered a national security risk, without mentioning Huawei by name.

Such moves, as well as the increase of tariffs on $200 billion worth of Chinese goods earlier this m

onth, complicated the prospect of continuing the bilateral trade talks that have been ongoing for more than a year.

China has always believed in and hoped to solve trade differences thr

ough talks, but such talks should be equal, Wang said. In any talks, China must protect its legitim

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Quotable quotes from business leaders at 3rd WIC

Praising Tianjin’s efforts and achievements in intelligent sc

ience and technology, Liu Chuanzhi, board chairman of Legend Holdings Co Ltd, pred

icted the city will make a qualitative leap in two to three years by combining intelligent technologies with manufacturing.

Liu, also founder of Chinese computer giant Lenovo, said his company, like Tianjin, considers intelligent technology a new imp

etus. Lenovo is working on many intelligent applications and has invested in many high-tech ma

nufacturing enterprises. It uses various artificial intelligence-driven algorithms and machine learning to ana

lyze the data of its supply chain system, using it to optimize Lenovo’s new intelligent spare parts supply chain.

Liu Qingfeng, chairman and CEO of iFlytek, said the company has developed a series o

f products driven by AI applications, based on small samples over the past year.

The company’s latest technological breakthrough is for the first tim

e its machine has surpassed humans in English reading comprehension, Liu said.

He said that he believes AI in 2019 has entered the year of large-scale application.

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The move followed a State Council decision in April to es

tablish a policy framework for applying a fairly low RRR for small and medium-

sized banks in a bid to lower financing costs for MSEs.

Home prices in 70 major Chinese cities continued to stabilize despite slight increases in April, official data showed Thursday.

New home prices in four first-tier cities — Beijing, Shanghai, Shenzhen and Guangzhou — increased 0.6 percent month

on month in April, up from the 0.2-percent increase in March, said the National Bureau of Statistics (NBS) in a statement.

New home prices climbed 0.8 percent in 31 second-tier cities, and rose 0.5 percent in 35 third-tier cities.

As for resold homes, prices in the four first-tier cities reported a 0.4-percent growth mo

nth on month, while those in 31 second-tier cities went up 0.6 percent, narrowing from the 1.2-percent increase in March.

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Xi calls for co-existence of various civilizationselivered a key

President Xi Jinping delivered a keynote speech at the opening of the Conference on Dialogue of Asia

n Civilizations. With the theme of “Exchanges and mutual learning among Asian civilizations and a com

munity with a shared future,” the conference aims to deepen cooperation among Asian countries. Here are the highlights:

Humanity needs cultural strength to address challenges ahead

Humanity needs cultural strength, besides economic and techn

ological strength, to cope with common challenges and head toward a bright future.

The intensifying global challenges humanity is facing now require concerted effort from countries across the world.

Asian civilizations write ‘brilliant chapter’ in human civilization

Asian civilizations have written a brilliant chapter in human civilization.

Being one of the earliest human settlements and a major birthp

lace of human civilization, Asia takes up one third of the total land on Earth, has two th

irds of the global population, and consists of 47 countries and more than 1,000 ethnic groups.

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Wang stressed if one side is trying to place extreme press

extreme pressure on the other, it will cause a legitimate counterattack.

“The measures from us are not only to safeguard China’s own rights, b

ut to protect the basic rules of the current multilateral trading mechanism,” Wang said.

Wang made the remark in a joint news conference with his Russian

counterpart Sergei Lavrov during his visit to the Black Sea coastal city of Sochi.

Experts warned that the rising US tariffs on Chinese imports risks a full-blown trade war, which will bring harm to both sides.

Major Wall Street stock indexes declined more than 2 percent on Monday, followi

ng China’s announcement of countermeasures in response to Washington’s latest tariff move.

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Disaster-proofing the world’s largest infrastructure ini

nitiative is a challenge, but achievable,” she said, adding that at the heart of this challenge lies great potenti

al for innovation and creativity, such as new disaster risk prediction and analysis, and disaster-resilient infrastructures.

Huang Runqiu, vice-minister of the Ministry of Ecology and Environment, said dis

aster risk reduction of natural hazards along the initiative is crucial for its success and sustainability.

Regions at the heart of the initiative, such as the Tianshan-Pamir Platea

u, the Himalayas, eastern parts of the Qinghai-Tibet Plateau and South Asia, are facing serio

us disaster threats due to tectonic movements, fragile ecosystems and extreme weather, he said.

Henrik Slotte, a senior disaster management expert from the UN Environm

ent Program, said poorly managed infrastructure projects can damage the ecosystem.

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While early-stage Uber investors such as Benchmark, Men

 Ventures, First Round Capital and Lowercase Capital made a killing in the IPO, some late-stage backers did not fare as well.

Japan’s SoftBank Group Corp <9984.T >, for example, invested in Uber in early 2018 at $48.

77 per share. It also bought shares at a much lower price in a large secondary transaction.

To be sure, other IPOs have traded well so far in 2019, including online scrapbook company Pinterest Inc, vegan burger

maker Beyond Meat Inc and video-conferencing startup Zoom Video Communications Inc. But these were mu

ch smaller startups than Uber that did not execute as many frothy fundraising rounds.

Uber Chief Executive Dara Khosrowshahi, who was on the NYSE trading floor to mark the debut, tried to cal

m investors by pointing to the company’s growth prospects and expansion plans.

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Pet dogs and cats from other countries or regions can als

be released immediately after passing on-site inspections, providing they

have valid electronic chips and their owners have valid reports showing rabies anti

body test results from any of 62 authorized laboratories in various countries, according to the regulation.

Certified service dogs, such as guide dogs, will also be free from extended quarantine periods.

If the animals fail to meet the above-mentioned three criteria, they have to be quarantined for 30 days, according to the regulation.

Under previous rules, all pets, except service dogs, had to be placed under quarantine in desi

gnated areas for at least seven days, and in some cases 30 days, upon entering the Chinese mainland.

The former General Administration of Quality Supervision, Inspe

ction and Quarantine, which supervised entry-exit inspections and quarantines, told China Daily

in 2016 that it was considering revising the regulation so pets could be released after passin

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