urity”, signed an executive order on May 15 that led the US Department of Commerce to put Huawei and its affilia
tes on an Entity List, which would restrict the sale or transfer of US technologies to the company.
Craig Allen, president of the council, said many of its members are suppliers to Huaw
ei, and all of them have been impacted by the Department of Commerce’s move.
Founded in 1973, the council represents around 200 US companie
s doing business with China, including Apple and Microsoft. It also includes chipmakers Inte
l and Qualcomm, which have said they would stop offering supplies to Huawei until further notice.
The members will follow US law, but there is a cost associated with that, Allen told China Daily.
l kindergarten had used to ask children whether they were involved in gangs went viral on the internet. The local educa
tional bureau said that the research was meant to stop bullies in kindergartens instead of finding gangster members.
A number of regions in China, including Qiannan Buyi and Miao autonomous prefecture in Guizhou, Guangzhou city in Gu
angdong, and the cities of Chizhou and Anqing in Anhui, have decided to reschedule their dragon boat races so as to pr
ovide a quiet environment for gaokaotakers, news portal thepaper.cn reported.
Some places, such as the city of Yueqing in Zhejiang, have banned holding such activities during the gaokao, said the report.
The gaokao, or the national college entrance exam, will take place
on June 7 and 8 this year, coinciding with the Duanwu Festival (aka Dragon Boat F
estival) holiday, when traditionally dragon boat races are held in celebration of the festival.
of stock index futures. At present, onshore stock index futures are unavailable to overseas invest
ors, and they can only hedge risks associated with investing in A shares through offshore instruments.
“After the stock index futures market opens up, investor bases will dive
rsify, helping China’s capital market achieve a higher efficiency in asset pricing,” Wang sai
d, adding that capital market reform and opening-up is part of China’s moves to promote quality development.
“One of the key priorities this year is to accelerate the development o
f direct financing and the capital market, to strengthen the capital market’s capacity to pr
omote economic growth,” Guo Shuqing, the People’s Bank of China’s Party secretary and head of the China Ban
king and Insurance Regulatory Commission, said in an interview with China Central Television on Monday.
also partnered with local authorities in Hefei to test autonomous
driving technologies, including robotaxis and autonomous fleet management, and on-de
mand mobility services, like ride hailing and car sharing, but none of the parties revealed the details.
Kong Xuanyou, vice-foreign minister and special representative of the Chinese government on
Korean Peninsula affairs, will take up his new post as Chinese ambassador to Japan on Thursday.
Kong, 59, is a fluent Japanese speaker. During his 34-year diplomatic care
er, he has spent two-thirds of the time dealing with issues related to Japan.
He has served in Chinese diplomatic missions in Japan on three occasions, and was China’s ambassador to Vietnam from 2011 to 2014.
ented by its unilateral and protectionist moves, has harmed both countries’ economic interests an
d proved to be a drag on the global economy, as the recent turmoil in the international capital market shows.
Simulation tests of large general equilibrium models show that
both countries’ economic indicators would suffer due to the US tariff hike on $200 billio
n of Chinese goods two weeks ago. For example, China’s GDP could decline by 0.657 percent, manufacturing jobs by 1.02
8 percent, exports by 3.359 percent, and imports by 1.384 percent, while the decrease in the US’ GDP would be 0.004 per
cent, manufacturing jobs 0.652 percent, exports 1.876 percent, and imports 3.883 percent. And global GDP, ma
nufacturing jobs and trade could reduce by 0.123 percent, 0.28 percent and 0.79 percent.