Substantial and resolute efforts must be made to prevent

 major contradictions and outstanding problems through coordinated planning and targete

d measures to make reform better serve the country’s economic and social development, Xi said.

The meeting reviewed and approved a series of official documents including a guideline on innovation and improving ma

cro-regulation, as well as a guideline on strengthening opening-up and cooperation in innovation capacity.

The meeting called for taking the supply-side structural reform as the main task, making coordinated efforts to stabilize eco

nomic growth, promoting reforms, readjusting the economic structure, improving people’s livelihoods, pr、

eventing risks, and ensuring social stability, according to a statement issued after the meeting.

sh419cz.com

President Xi Jinping visited the JL MAG rare-earth Co

 on May 20 in Ganzhou, Jiangxi province, during a three-day inspection tour.

Xi learned about the rare-earth industry’s development in Ganzhou, a major producer of rare-earth resources and products

in China. During the seven trading days from May 20 to Tuesday, the A-share listed company hit the 10 percent da

ily upside limit six times, with its share price rising by 90 percent after closing on Tuesday.

xperienced climbers and guides called for alpinists without adequate training to think tw

ice before taking on the world’s highest peak, especially during a crowded climbing season.

As of Tuesday, the death toll of climbers attempting to reach the summit of Qomolan

gma — known as Mount Everest in the West — reached 11 during this climbing season. Nine died on the Nepali s

ide and two on the north face of the mountain in China’s Tibet autonomous region, according to media reports.

shlfas.com

The results of the elections for the European Parliame

nt are broadly in line with expectations. Although pro-European Union parties have won a majori

ty of the seats, the EP is more fragmented than before with traditional center-right and center-left par

ties losing seats to Liberals and Greens, and Euroskeptic parties increasing their vote share. This is likely to

make it more difficult for the EU to agree new trade deals and choose new leaders for EU institutions.

The heads of government of EU states met on Tuesday to discuss who will fill the top jobs.

The new EP and the EU leadership face a difficult international environment, especially on th

e trade front. The United States administration, already engaged in a tariff war with China, has its sights on the

EU as well, describing the bloc as “a foe”. The US has imposed 25 percent tariffs on European steel and aluminum an

d threatened to slap similar tariffs on European cars unless the EU opens up its agricultural market.

shlfcm.com

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 Hefei, which is expected to open in 2021.

JAC and SEAT also plan to develop their own platform for smaller electric cars, a segment that is growing faster than the large-sized ones in China.

“The close cooperation between SEAT and JAC will allow us to create synergies, which wil

l significantly increase our market coverage,” said Volkswagen CEO Herbert Diess, who is also chairman of SEAT.

sh419ll.com

“It looks like it’s going to be a big win for the Brexit

Party,” Farage told reporters in Southampton in southern E

ngland where vote tallies from across the southeast region were being collated.

“The intelligence I get is that the Brexit party is doing pretty well,” sa

id Farage, who headed one of the two Brexit campaigns in the 2016 referendum.

While May was forced to delay Brexit after agreeing a deal that the British parliament and much of her party reject

ed, the Labour Party has voiced both support for another referendum and a promise to honour the result of the 2016 vote.

The impact of such a severe election drubbing for the major parties is

unclear though potential successors to May are calling for a more decisive Brexit, while L

abour leader Jeremy Corbyn is under pressure to openly support another referendum.

www.shlfao.com

These parties tend to look at trade agreements purely from

m a nationalist point of view and if a trade agreement is seen as overall beneficial for their co

untry, they could support it. For instance, Italy voted in favor of the EU agreement with Japan but again

st the agreement with Canada. The content of the agreement is key. For instance, these parties do not like clauses tha

t curtail the powers of single EU member states, such as the establishment of new regulatory or arbitration bodies.

Another uncertainty is Brexit. Whether it will happen or not? And what might change under

a new British prime minister? The new Brexit Party under Nigel Farage was the clear leader in the EP

election in the United Kingdom, but the UK’s 73 EP members have to leave the EP as soon as Brexit takes place.

shlfco.com

ue to encouraging weather forecasts, many teams decid

ed to scale the summit from the Nepali side on May 22 and 23. As a result, crowded conditions form

ed about 100 to 150 meters from the peak, Ma said in Kathmandu, Nepal’s capital. “I was force

d to wait in a line for about 20 minutes on my way down. Such circumstances can be fatal to climbers if the

y panic and consume more oxygen than planned. Also, they can easily get frostbite if they don’t keep moving.”

This year, about 90 percent of the climbers at Qomolangma are

first-timers. Lack of professional training and experience as well as undetected health issue

s should be mainly blamed for the casualties on the mountain rather than the traffic jam, Ma added. “Some expe

dition companies failed to prepare the climbers for crowded conditions which is really irresponsible.”

www.shlfcm.com

To eliminate bad outcomes from trade tensions, further op

pening-up in China’s services sector, together with high-tech development supported by artificial intelligence, will help lift Chinese

economic growth from 6.3 percent to around 7 percent by 2035, said Zhu Min, a former deputy managing director at the IMF.

“Market-oriented reform and opening-up will improve productivity in the service sector, whi

ch is an important thing that China is focusing on to stabilize economic growth,” Zhu said.

Chen Yulu, a vice-governor of the PBOC, also supported a “full-scale” opening of the financial sector. In the future, foreign invest

ors are welcome to conduct all forms of financial business in China, excepting those being named on a nega

tive list, and authorities are researching a new regulatory system, Chen said at the forum on Saturday.

shlfas.com

The country will allow overseas investors to trade more

types of onshore commodity futures contracts without registering a Chinese entity, and will continuously improve the relate

d rules, Lu Dongsheng, an official with the China Securities Regulatory Commission, told a forum on Tuesday

Lu also announced other measures to develop China’s commodity fut

ures market, such as accelerating the launch of ricThe Shanghai Futures Exchange will open

up its nonferrous metals futures contracts to foreign investors, Jiang Yan, Party secretary of the exchange, said at the s

ame forum. The bourGuo Shuqing, head of the China Banking and Insurance Regulatory Commissiose will also list a n

ew type of futures contract, TSR20 Rubber, which will be available to both domestic and foreign investors, he sai

d.Lu also announced other measures to develop China’s commodity futures market, such as accelerating the launch of

www.sh419bb.com

China attaches great importance to the development of the

 big data industry and is willing to share opportunities of the digital economy’s development with other countries and jointly explore new

growth drivers and development paths by exploring new technologies, new business forms and new models, Xi added.

With increasingly wider applications of digital technologies in China, the country is expected to generate

and store 27.8 percent of global online data by 2025, up from 23.4 percent last year, according to a r

eport by market researcher International Data Corp and data storage firm Seagate.

In comparison, the US share will stand at 17.5 percent by 2025, a drop from its 21 percent share in 2018, the report added.

United Nations Secretary-General Antonio Guterres said th

at from medicine to transportation to farming, big data presents the world with a re

markable tool to advance global progress, but with that opportunity also comes risk.

chaohujinghui.cn