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HiSilicon, which was founded in 2004, has designed chip

ipsets like Kirin, which has been used in Huawei’s high-end smartphones. In addition to server chips, th

e company has also developed chips for base stations, basebands and chipsets powered by artificial intelligence.

“From chips to its self-developed operating system, Huawei has

long been preparing for independent research and development in core technologies. It has the abil

ity to adjust to changes in the global market,” said Xiang Ligang, director-general of the Information Consumption Alliance.

Huawei has also made preparations with core chipsets. Existing s

tocks are thought to provide the company with a buffer of six months to a year, he said.

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producers or US-based designers. For example, China ma

akes less than $9 from each iPhone. The total price of a phone is ridiculously counted as a Chinese export to the US.

It’s a good thing that China is no longer a low-wage country. Most Chinese are much better off than they were even 10 ye

ars ago. But it does mean that these low-skilled, labor-intensive industries will be moving to less-developed nations. US t

ariffs on such products will only serve to hasten the transition to higher value-added industries that China has to make anyway.

Roughly 20 years ago, when China’s admission to the World Trade Organiz

ation was being negotiated, China’s economy was tiny as a portion of world GDP. It was clearly a poor, less-deve

loped country that, except in a few areas, was not able to compete with Western companies in high-value-added products.

As Alexander Hamilton, the first US Treasury secretary, argued, a dev

eloping country may need to protect its “infant industries” from already established foreign

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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 trade with the US amounted to 815.86 billi

on yuan ($121.7 billion) between January and March, a decrease of 1

1 percent year-on-year, according to the General Administration of Customs.

In March, Sino-US trade climbed 0.1 percent to 291.35 billion yuan, the administration said.

Li Kuiwen, spokesman for the customs authority, said trade tensions between the two cou

ntries have had certain impacts on companies’ operations, but the impact is “generally controllable”.

Li said economic and trade cooperation remains the ballast of Sino-US re

lations, and he is hopeful that China and the US will achieve mutually beneficial results.

China’s economy, despite headwinds, has enjoyed a good start in 2019, and the country

has the confidence to achieve the annual projected growth goal, said the nation’s top economic regulator.

Yuan Da, spokesperson with the National Development and Reform Commission, said the

first quarter’s stable economic development has laid a solid foundation for annual growth.

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AI major now available at universitiesigence-powered

Universities in China will welcome the first group o

f undergraduate students majoring in artificial intelligence in September.

According to a list issued by the Ministry of Education, 35 universities received approval to establish th

e four-year undergraduate AI-related majors amid the country’s drive to build a strong AI talent pool.

They include many prestigious universities such as Beijing Jiao

tong University, Beihang University, Nanjing University and Xi’an Jiaotong University.

Lin Youfang, vice-dean of the School of Computer and Information Technology at Beijing Jiaotong University, said the scho

ol plans to enroll about 30 undergraduate students majoring in AI in September.

There might be more students majoring in AI who transfer from other m

ajors through a selection process if the new major proves to be successful, he said.

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At least 2 killed in aircraft collision in Nepal’s Lukla airport

At least two people were killed after an aircraft of Summit Air collided with a helico

pter at Lukla Airport in Nepal on Sunday morning, according to local authorities.

Locals said a Summit Air plane with call sign 9N-AMH collided with a helicopter of Manang Air, which was parked within the airport premise.

“At least two persons have been dead, while few others are injured,” local media rep

orted. It has been reported that the Summir Air plane was en route to Kathmandu from Lukla.

The detail of casualties has yet to be ascertained.

Lukla airport is the nearest airport to the world’s highest peak Mou

nt Qomolangma, while April-May is the peak climbing season in the Himalayan country.

In the springtime, domestic airline companies conduct over 50 flights everyday to Lu

kla, known as Tenzing Hillary airport, featuring vibrant terrains and harsh weather patterns.

Due to the extreme wind pressure, all round-trip flights are usually operated in the morning

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I am a beneficiary of organ donation, and know cle

learly what it feels like to be a patient in need of transplant surgery and eagerly waiting for an

organ, since such organs are scarce,” he said. “I want to do the same to save others.”

With the number of registered organ donors increasing rapidly in China, it is expected that more patients with terminal illn

ess in need of organ transplants will be fortunate, like Zhao, and not have to wait very long.

By the end of February, the number of registered organ donors in China exceeded 1.05 mill

ion, compared with 1,087 in 2010, the year China began to pilot organ donations, according to the Chin

a Organ Donation Administrative Center. More than 64,000 organs have been donated since then, the center added.

The turning point came in 2015, when China banned the use of organs harvested from executed prisoners, which

made voluntary donations the only legitimate source of organs. Since then, the number of organ donations and the num

ber of organ donors have continued to increase rapidly, according to data from health authorities.

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The announcement was a rare move for Apple, known in

the electronics industry for keeping tight wraps on product plans until it publicly launches them at

splashy events in Silicon Valley. The early announcement of AirPower, along with a wirelessly char

ed version of its AirPods headphones, was a break in that tradition. Apple released the updated AirP

ods last week, heightening speculation that the accompanying charging mat would come soon.

Daring Fireball, a website that covers Apple news, previously reported that Apple engineers h

ad issues with devices overheating on the AirPower pad. Apple declined to comment beyond its statement on the project.

Apple offered wireless charging in the iPhone in 2017, after many of its

rivals such as Samsung Electronics Co Ltd had offered the feature for several years. Whil

e rumors circulated that Apple might create its own unique wireless charging technology, the company instea

d chose to use a system that works with Qi, an open industry standard already in use by Samsung and others.

Apple shares did not move on the news, and shares of NXP Semiconductors and STMicro

electronics, two major suppliers of chips used in Qi systems, appeared to be unaffected also.

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