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Concern over the recent escalation of tensions between Palestinians and Israelis have been temporarily relieved after Palestin
ian leaders in Gaza agreed a cease-fire with Israel early on Monday. Right now, nothing is more important than u
pholding the cease-fire as the atmosphere between the two rivals has not been so combustible since 2014.
Since Friday, militant groups in Gaza have fired more than 600 rockets a
nd other projectiles at southern Israeli cities and villages, killing four Israeli civilians, wit
h Israel retaliating with air and artillery strikes, killing 27 people, including 14 civilians, in Gaza.
The latest border clashes, the most deadly since 2014, have occurred against the backdrop of the changing Middle East po
licy of the United States, which has seen the US drop any pretense of impartiality and make clear its support of Israel.
integration－trade, investment and finance－began benefiting large emerging and developing econ
omies. To be sustainable, globalization cannot serve just a few wealthy advanced economies. It m
ust also serve poorer and faster-growing economies, which today account for most of the global growth.
So, by flirting with trade protectionism and punitive tariffs on imports, adva
nced economies are seeking to implement the wrong policies at the wrong time. As the adv
anced countries have fallen into secular stagnation, they desperately need growth. Therefore, the rise of poorer eco
nomies is not a win-lose game, because it benefits the advanced economies, too.
In the aftermath of the 2008 global financial crisis, all major advanced econom
ies would have faced another Great Depression without the support of large emerging economies, particularly Ch
ina. And the contribution of these countries to global GDP growth is expected to climb to 80 percent by 2050.
dialogues based on harmony in diversity and inclusiveness. We need to undertake the cultural responsibility of inter
national communicators, and let exchanges of culture and among civilizations, as well as mutual learning, co
nstantly serve as bridges for people’s friendship, the impetus of international cooperation and bond of world peace.
Second, we should become builders of world peace and development. The wheel of humanities’ de
velopment is unstoppable. Peace, reconciliation and harmony are historical trends. Equality, mut
ual trust and win-win cooperation are historical necessities. Yet, as international conventions are attacked an
d multilateral mechanisms are challenged, the anti-globalization tendency rises, and unilateralism and tra
de protectionism are becoming increasingly fierce. We must adamantly safeguard the contemporary interna
addressed are the issues that the business community is concerned about”.
“It is excellent that President Xi recognized some problems,” especially those associated with its Belt and Road Initi
ative, such as transparency and corruption, said Craig Allen, president of the US-China Business Council.
Experts also were interested in how the reform policies and laws would be implemented, something Xi addressed in his speech.
“People are very positive about the direction, but they need to
know the details” of how the promises would be delivered, Overholt said.
Xi, citing the old Chinese saying “honoring a promise carries the weight of gold”, pledged to install a binding mec
hanism for international agreements, to make sure governments at all levels operate in well-regulated wa
ys, and to update laws and regulations to abolish unjustified practices, keeping in line with the needs of opening-up.
ranking in fourth place following Samsung, Google’s parent Alphabet and Amazon. Data als
o showed the company took 14 percent of its annual sales on research last year, the second-highest after Alphabet.
Huawei’s R&D spending totaled 480 billion yuan ($71.3 billion) over the past 10 years, ac
cording to its annual report. Besides, the tech behemoth achieved 721.2 billion yuan in global sales in 2018, a 19.5
percent increase year-on-year, and net profit reached 59.3 billion yuan, up 25.1 percent compared with a year earlier.
Smartphone sales from the company gained 348.9 billion yuan las
t year, a 45.1 percent rise year-on-year accounting for 48.4 percent of total revenue.
As of April 15, Huawei has secured 40 commercial contracts for 5G equipment and shi
pped over 70,000 5G base stations, the company announced at its annual Global Analyst Summit.
reforms to foster an investor-friendly legal system, represented by strengthened information disclosure, prot
ection of investors’ rights and interests, and crackdown on legal breaches, Liu said.
China must promote the healthy development of the capital m
arket through key institutional innovations, the Political Bureau of the Communist Part
y of China Central Committee, the Party’s core leadership, said a statement released after a meeting on Friday.
Dong said the revised law is likely to be adopted by the end of the first half of the ye
ar, adding it is imperative and possible to expedite rolling out the revised version.
“Previously, controversies over the registration-based IPO system reform ha
ve prolonged the revision process, but now this factor has been largely lifted,” he said.
“As foreign investors are set to play a bigger role in China’s capital
market development, the revised law should also consider clarifying the rights and oblig
ations of overseas investors, to help them form a stable policy expectation,” said Xue Yi, an associate p