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economic structure. China should also invest more

 in the service secto爱上海女神会所r, and deregulate the services for the elderly and children, and medical care and education.

Although its overall economic uncertainty has increased, China’s economy still has great pote

ntial in terms of service and consumption, especially because it is a market of more than 1.3 bil

lion people including a middle-income group of 400 million all of whom are seeking a better life.

Current policy package strong enough to counter headwinds, economist says

China has no immediate need of aggressive stimulus to support growth unless trade tensions with the United States m

ore visibly weigh on growth momentum, and greater patience and policy preparation are needed now for market-

oriented, longer-term reform and opening-up, a senior economist said in an exclusive interview.

Given the uncertainty from China-US trade friction, macroeconomic polic

ies should always be prepared to support the economy, especially if growth mome

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administration escalating tariffs and Beijing retaliating.

It is important that we come to an agreement over time that addresses the problems that we have identified. And the sooner the better,” Allen said.

He said the council had opposed the use of tariffs from the very beginning and hop

ed a “mutually acceptable and supportive” agreement could be reached in the near term.

“But, currently, we are moving away from that agreement. We want to get back to moving toward a

n agreement so that our two economies can begin to interact with each other in a more normal manner,” he said.

Allen, who was in Lexington, Kentucky, last week for the Fifth US-China Governors Fo

rum, said he had spoken to a number of Chinese investors in Kentucky and throughout the United St

ates who are bringing jobs and opportunities that did not exist previously.

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The two countries should make further contributions t

 to promoting a new type of international relationship and building a community with a shared future for mankind, Xi said.

Mourao extended President Bolsonaro’s greetings and best wishes, and delivered a letter from the Brazilian president to Xi.

The new Brazilian administration led by Bolsonaro attaches great importance to relations with China, Mourao said.

Brazil speaks highly of China’s important contributions to promot

ing global economic growth and considers China to be a reliable and stable partner, he said.

Brazil would like to connect the country’s investment partners plans

with the Belt and Road Initiative and expand cooperation with China in areas incl

uding trade, technology and innovation, he said, adding that Brazil welcomes investment from China.

Mourao expressed gratitude for China’s support for Brazil’s hosting of the meeting of BRICS leaders. Brazil would like

to enhance coordination with China under multilateral frameworks including BRICS, the WTO and the G20 to maintain multilateralism and t

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Ren said Europe maintains close communications wit

th Huawei and some features of 5G are very suitable for the rollout of the superfast techn

ology in Europe. For instance, 5G capacity is 20 times that of 4G, and its power consumption 10 times l

ess. “We also use materials that will not corrode for decades, and these characteristics are very suitable for Europe.”

Ren said the US technologies are still worth learning in both their depth and width. Many small US companies have super-precision products.

“But in our business (5G), Huawei is at the forefront, though when

it comes to comparison between countries, we are still far behind the United States,”Ren added.

“We will not go through an extreme shortage of supplies. We have made sound preparati

ons,” Ren said, adding that the company’s employees are working overtime to prepare for such situations.

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Santarita said a similar concept can also be found in other

Asian countries, citing the Philippines’ compadrazgo and Indonesia’s bapakism as examples.

Compadrazgo, a Spanish word that literally translates to “co-fatherhood”, is based

on a kinship ritual that is formed after a child gets baptized into the Roman Catholic faith.

For the predominantly Catholic and close-knit Philippine society, t

he godfather (known as the padrino) is part of one’s extended family and is expected to he

lp and protect his godchild. The godchild is expected to respect and be loyal to the padrino.

Bapakism is derived from the Indonesian word for “father”. When us

ed in Indonesian business, bapakism demands great respect and obedience to one’s su

perior. The manager in his role as the company’s bapak is expected to look after and care for his employees.

Although Asian values are steeped in an ancient culture and tradition, it was only in t

he 1990s that this concept drew global attention. This was partly due to Asian leaders like the la

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Govt should accelerate tax cuts to invigorate economy, premi

Premier Li Keqiang urged government departments to speed up the implementation

of tax reductions to invigorate the country’s economy, amid rising uncertainties about growth on Friday.

Li was speaking with entrepreneurs from the manufacturi

ng, construction and service sectors at the Zhongnanhai leadership compound in Beijing.

The businesspeople said they have received benefits from the tax reduction measu

res in the past months, after the measures were introduced by Li in the Government Work Report in March. They

also offered advice on how to further ease the tax burden on businesses.

After hearing their opinions, Li called tax reduction a great decision made by the Communist Party of China Central Comm

ittee and the State Council. It has boosted market confidence in outstanding ways and promoted the stable

growth of the economy, he said, adding that the positive factors for economic growth are increasing.

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The aircraft, a Sukhoi Superjet 100 from Aeroflot Russ

sian Airlines, was bound from Moscow for Murmansk in Russia’s far north.

It made an emergency landing at the airport shortly after takeoff with 73 passengers and five crew members aboard.

The aircraft circled before making a hard landing back at the airport after the crew issued a mayday alert.

As seen in CCTV footage, the plane touched down hard and skidded along the runway, spewing out plumes of black smok

e and nearly completely afire. The plane’s undercarriage collapsed as it slowed to a halt on the tarmac.

Yelena Markovskaya, spokeswoman for the Moscow interregional tr

ansport investigation department of the Investigative Committee of the Russian Fed

eration, said on Monday that 37 people survived, including four crew members.

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Even if they express harsh or partial criticism, we shoul

ld correct our mistakes when we have made any and guard against them when we have not.

The Party should address young people’s concerns in employment,

starting business, integrating into the society, love, marriage and making friends, carin

g for the elderly and raising children, so as to create favorable conditions for their development.

We should educate and guide young people to view the world pr

operly, to understand the national conditions comprehensively, and to grasp the trend of the era.

Communist Youth League asked to mobilize youth for Chinese Dream

The Communist Youth League of China (CYLC) shall unite and lead Chi

nese youth of the new era to strive for the Chinese Dream of national rejuvenation.

The CYLC should serve their duties of guiding and uniting the youth, mobilizing them, connecting them and providing services.

Youth urged to have concerns for humanityThe Chinese youth should work for the building of a community with a shared future for humanity.

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The two countries should walk in the same direction and

d further enhance border management to safeguard the safety and stability of the border region, Xi said.

China-Myanmar relations have developed well in all areas, Xi said, add

ing that the two countries have made new progress in jointly building the Belt and Road.

Cooperation between the two countries and the two armies has maintained sustainable and healthy dev

elopment, Xi said, adding that the visit is expected to bring new progress in their defense and military cooperation.

Min Aung Hlaing said Myanmar and China have a long history of traditional friend

ship, and the two countries and two armies have maintained good development.

Myanmar is grateful for China’s support for the development of the country and the ar

my, he said, adding that Myanmar appreciates China’s support of its domestic peace process.

Myanmar welcomes and supports the building of the Belt and Road, and the country wo

uld like to take effective measures to maintain the stability of the border region, he added.

Min Aung Hlaing is making his fifth visit to China since becoming Myanmar’s commander-in-chief of defense services in 2011.

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This year marks the 55th anniversary of China-France

diplomatic ties. During their meetings, Xi agreed with French President Emmanuel Macron and Prime Minister Edouard Philippe to f

orge a more solid, stable and vibrant China-France comprehensive strategic partnership, and continue to explore the way for major countries to get al

ong with each other, which should feature independence, mutual understanding, foresight, mutual benefit and win-win outcomes, Wang said.

In the joint statement issued by China and France on jointly safeguarding multilateralism and improving global governa

nce, the two sides pledged to build international relations of mutual respect, equality, justice, and win-win coop

eration on the basis of respecting international laws and the basic principles of international norms, Wang said.

Speaking of Xi’s visit to Monaco, Wang said leaders of the two cou

ntries have agreed to firmly stick to the correct direction of bilateral relations, adhere to open

ness and cooperation, and pursue more win-win results so as to jointly elevate the China-Monaco relations into a new era.

During Xi’s talks with Prince Albert II, head of state of the Prin

cipality of Monaco, the Chinese president said both sides should adhere to openness and cooperation a

nd pursue more win-win results, adding that China welcomes Monaco to actively participate in the joint development of the Belt and Road.

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