Under the trade pressure, the world’s second-largest econo

onomy is accelerating restructuring reform and shifting from an export-dominated growth model to a more services-driven model, they added.

“The United States escalated trade tensions, but it cannot solve any problem. This causes volatility and sluggishness in global financial markets an

d hurts the global economy,” said Guo Shuqing, the People’s Bank of China’s Party secretary and also head of the China Banking and In

surance Regulatory Commission. His keynote speech was delivered by a commission spokesman at a forum on Saturday.

Impact on the Chinese economy will be very limited, said Guo. “Chinese fi

nancial markets, although they were excessively affected by trade tensions last year, are un

likely to be hit more dramatically going forward, as financial resilience is strengthening.”

The huge domestic consumer market in China will digest most of the un

salable exports, and many of China’s exports will also shift to other foreign markets. The US will con

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Zhang lives a life of simplicity, purity and indifference to

 fame and fortune, serving as a role model for military officers, rank-and-file soldiers and veterans across the country, Xi said.

Zhang, a member of the CPC, was a soldier of Brigade 359 of the Northwest Field Army, o

ne of the main forces of the Chinese People’s Liberation Army during the Liberation War between 1945 and 1949.

He was honored by the Northwest Field Army several times for performing meritorious deeds as he braved enemy fire. He

was twice given the honorary title of Combat Hero. When he retired from the PLA, Zhang chose to work in the pov

erty-stricken mountainous areas in Laifeng, a remote county in Hubei province. He dedicated his life to the peo

ple, holding posts ranging from community-level government official to deputy manager of a local bank.

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The resident of Chengdu, Sichuan province, is a popular vlogge

and his reviews of digital appliances have won him more than 124,000 fans on social media.

He had never eaten hotpot alone before. However, he happened to be in

Beijing on business and when he heard the restaurant offered stuffed toys as co

mpanions for solo diners he decided to visit and produce a vlog so his fans would know how it felt.

Knowing that a large number of unattached people often

spend festivals alone, Pu hoped his vlog would help them enjoy their solitude.

Even though he was the only solo diner in the restaurant, Pu said he didn’t feel at all awk

ward eating with a toy companion. The vlog showed him eating casually, occasionally scrolling through his phone, an

d having a video chat with his family. The restaurant was full of diners, but no one gave him a second glance.

“Overall, it was very enjoyable; the only thing was that I can’t eat too much so I only ordered a small amount of food,” he said.

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Henrik Slotte, a senior disaster management expert fro

m the UN Environment Program, said poorly managed infrastructure projects can damage the ecosystem.

He said it is key for scientists to communicate with government officials to create better planning and new solut

ions, and more interdisciplinary research into natural disasters and risk management is also helpful.

Guanxi, compadrazgo and bapakism. Three words from China, the Philip

pines and Indonesia that encapsulate the same values of the vast continent through the ag

es-a shared belief in the importance of the family and the community over the individual.

These values, rooted on Asia’s culture and history and centered on consens

us, social harmony, stability and discipline, are more important and relevant than ever i

n the face of challenges-such as protectionism and terrorism-confronting the world today.

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The Information Technology Industry Council also w

arned against further raising tariffs. “Increasing tariffs will only continue to harm America

n consumers and businesses of all sizes and across all sectors, as well as threat en American econ

omic growth and leadership in innovation,” said Naomi Wilson, the council’s senior director of policy for Asia.

US chemical manufacturers also called for sensible trade policy solutions.

Cal Dooley, president and CEO of the American Chemistry Council, said on Monday he believed t

he risks of continuing to use tariffs as a negotiating tactic with China are simply too high, and potential benefits remain unclear.

Several organizations, including Tariffs Hurt the Heartland — the national campaign compose

d of more than 150 of the largest US trade organizations in retail, technology, manufacturing and agric

ulture — have in recent days highlighted the negative impact of tariff increases on the US economy and job market.

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tional order that was founded by the UN and that br

ught about more than 70 years of general peace and rapid development after World War II. We mus

t oppose a Cold War mentality and competitive rivalry, which go against the tide. We must firmly pro

mote economic globalization, and prompt it to develop in a more inclusive, mutually beneficial, equitable and rat

ional direction so as to realize a common prosperity and progress of humanity.

Third, we should be disseminators of Chinese civilization. Many pun

dits in the contemporary world think that China’s traditional culture contains important an

swers to resolving difficult problems of today’s world. A nation’s most profound spir

itual pursuits are deposited in its culture. China’s development path is rooted in its civilization and traditions.

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He described the Belt and Road as a grand and peace

ful initiative, and credited the initiative for connecting countries from different regions, with different nationalities and cultures.

The BRI will provide a strong impetus for global economic growth and prosperity, he added.

Switzerland supports the BRI and commits to promoting the initiative in Europe, Maurer said.

He added that the country hopes to deepen bilateral cooperation in trade, investment and innovation with the initiative’s framework.

China and Portugal signed a series of cooperation documents on Monday — includin

g a framework agreement on third-party market cooperation — to strengthen their bilateral ties.

President Xi Jinping and Portuguese President Marcelo Rebelo de Sou

sa witnessed the signing of the documents in the Great Hall of the People in Beijing.

In talks with Rebelo de Sousa, Xi said China and Portugal are important strategic partn

rs for each other, with great convergence in their interests and strong complementary aspects in their economies.

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Consensus to lead to common prosperityries pose f

President says gathering sets stage for more Belt and Road progress, cooperation

More than $64 billion in deals were signed during the Second Belt a

nd Road Forum for International Cooperation, President Xi Jinping told members of the me

dia from home and abroad in Beijing after the three-day event concluded on Saturday.

In addition, Xi said, during the preparation and holding of the fo

rum, parties reached 283 pragmatic outcomes, including intergovernmental cooperation agre

ements, cooperative projects and the launch of multilateral cooperation platforms.

The outcomes fully demonstrate that joint building of the Belt and Road conforms to the trend of the times, wi

nning the hearts of the people, improving livelihoods and benefiting the whole world, he said.

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Xi added that the two countries should jointly prom

mote the building of the Asia-Pacific free trade zone and maintain the multilateral trading system.

He said China and Latin American countries should support each other, make full use

of their complementary advantages and achieve win-win cooperation. The two sides should pursue comm

on development and jointly build a community with a shared future for China and Latin America, Xi added.

The Chilean president said the Belt and Road Initiative, put forward by Xi, has show

n the glorious history of the ancient Silk Road and promoted exchanges between different cultures in the new era.

Chile supports the building of the Belt and Road, and it hopes t

o learn from China’s experience in innovative and green development, he said.

Pinera said Chile, which is dedicated to maintaining multilateralism and the multilateral t

rading system, would like to enhance coordination with China on regional and multilateral affairs.

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Thanks to the integration of its online-and-offline bus

inesses, McMillon said brick-and-mortar stores have become hybrid, and forward fulfillment centers.

He said Sam’s Club has been gaining strength in the country. The high-end m

embership store that was launched in China in 1996 has about 2 million members nati

onwide. By 2020, there will be 40 such clubs either in operation or in construction in the country. The format ha

s 23 stores currently in 19 cities stocking quality fresh food and membership products.

Globally Walmart has 11,300 stores, with a third of them large stores.

According to Kantar Worldpanel, in 2018 Walmart’s market share was 5.4 percent, an improvement from t

he 5.2 percent in 2017. Last year it opened 33 new stores, including 21 hypermarkets, four Sam‘s Club and eight compact stores.

Jason Yu, general manager of Kantar Worldpanel China, said Walmart has to roll out

more innovations to further improve its operational efficiency and achieve growth through

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