On Monday morning, Xi visited the JL MAG Rare-Earth

 Co and learned about the company’s production of rare earths and the development of the rare earth industry in Ganzhou.

On the heels of the United States government announcement it will ban unauthorized exports of US technology to Hua

wei, by Monday, a number of major US tech giants, including Google, had reportedly stopped supplies.

Amid the escalating tit-for-tat trade blows between the world’s tw

o largest economies, the US putting Huawei, the face of Chinese hi-tech progress, on its Ent

ity List is no doubt a calculated blow to hit China and Huawei where it hurts. “America will probably use its ability to with

hold components from Huawei as a bargaining chip in a future trade deal with China,” The Economist reckons.

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Govt should accelerate tax cuts to invigorate economy, premi

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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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Those businesses have become the first beneficiaries in

China’s new round of opening-up, Xi said, adding that Switzerland

has also led European Union nations by signing a free-trade agreement with China.

He called upon both sides to give play to the opening-up spirit, which features cooperation and win-win outcomes.

He also pledged that China will continue to create an open and fair b

usiness environment for foreign enterprises, including those from Switzerland.

Maurer said both the Chinese and the Swiss are endowed with a hardworking, reliable and innovative character.

He said Switzerland welcomes investment from Chinese businesses and will not im

pose restrictions. Switzerland is ready to enhance exchanges with China in winter sports, he added.

Maurer also said he is greatly in agreement with speeches de

livered by Xi during the Second Belt and Road Forum for International Cooperation.

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Investment spurs BRI countries’ growthTwo-way investment

tween China and economies related to the Belt and Road Initiative ex

ceeded $130 billion between 2013 and 2018, injecting new growth momentum into BRI-rela

ted countries and contributing to recovery of the global economy, senior Chinese officials said on Monday.

China’s direct investment in BRI-related countries grew by 5.2 percent a

nnually on average to surpass $90 billion between 2013 and 2018, Song Lihong, an officia

l in the Ministry of Commerce’s Comprehensive Department, said at a news conference.

Song said that in the same period, China had received a total of

$40 billion in inbound investment from BRI countries as two-way investment deepened.

Within the five years, the value of the projects completed

by Chinese companies in BRI economies amounted to $400 billion, Song said.

The value of trade in goods between China and BRI-related economies exceeded $6 trillion in the same period, an av

rage annual growth of 4 percent, higher than the overall growth of China’s foreign trade, he added.

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Politburo upbeat on economic datag Motors on the assem

China’s economy grew better than expected in the first quarter and market confidence was raised in

an outstanding way, according to a statement from a meeting presided over by President Xi Jinping on Friday.

During the meeting of the Political Bureau of the Communist Party of China Central

Committee, members analyzed the current economic situation and made plans for economic work.

In the first quarter, government departments pushed forward high-quality growth, deepene

d supply-side structural reform and carried out positive fiscal policy and stable monetary policy, the statement said. Main mac

roeconomic figures were in proper range, and reform and opening-up was pushed forward continuously, it said.

The statement said lots of difficulties and problems remain in economic development, with m

ore tension in the external economic environment and downward pressure on the domestic economy. Government departments shou

ld remain steadfast and be brave in overcoming difficulties in economic development, it said.

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Three government ministers quit their posts so they could

back the motion. Richard Harrington, who resigned as a junior business minister, accused the government of “playing roulette with the lives and liveli

hoods of the vast majority of people in this country” by failing to resolve Britain’s Brexit impasse.

The government said it was disappointed by the vote, claiming it “upends the balance

between our democratic institutions and sets a dangerous, unpredictable precedent for the future.”

But it also conceded that the new votes might be a way to break the months-long Brexit gridlock. May said she would “engage

constructively” with the results of the process, though sahe said she was skeptical that it would produce a decisive result.

The move raises the chances that Britain will tack toward a softer Brexit, and is likely to be welcomed by th

e EU. Guy Verhofstadt, the European Parliament’s Brexit coordinator, tweet that it was an “opportunity to build a cross-party coope

ration leading to an enhanced political declaration & a closer future relationship!”Earlier in the day, May ack

nowledged, “with great regret,” that her deal still lacked “sufficient support” to be approved as of Monday.

qianhuain.com

effort in loss to Thailand sparks plenty of reaction from frustra

Winning the opening match of the China Cup proved to be a mission impossible for the ho

st national team, which fell 1-0 to Thailand on Thursday night in Nanning, Guangxi Zhuang autonomous region.

While spectators at the sold-out 60,000-seat Guangxi Sports Center loudly vented their anger a

s the home squad left the pitch, within minutes hundreds of millions of netizens expressed their dis

appointment online, making the loss one of the hottest topics trending on Chinese social media.

By Friday morning, related topics had been viewed more than 10

0 million times on Weibo, generating waves of criticism from fans and media.

“Team China was suppressed by the Thailand squad throughou

t the whole match,” said Han Qiaosheng, a well-known sports commentator and TV anchor.

ashtvt.com

Mattarella said that Italy supports the Belt and Road Initiati

 that was put forward by Xi, and the initiative is expected to promote the interconnectivity of the Eurasian continent.

The BRI is also a road of cultural exchanges, he said, adding that Italy would like to enhance cooperation with China in tourism and culture. Italy ad

mires China’s achievements in economic development, and it appreciates China’s opening-up policies, he said.

Both Italy and China are ancient civilizations, and the people of the two countries have sufficient wisdom to deal with

challenges nowadays, he said, adding that China’s rejuvenation will bring new contributions to peace and prosperity.

China will take a solid step toward becoming a high-income country this year,

reating more space to deepen reform and expand opening-up, economists said on Friday.

A more balanced growth pattern will help the world’s second-largest ec

onomy pass the “middle-income trap”, with consumption and high-tech man

ufacturing leading growth, they said at a Beijing seminar leading up to the 2019 China Development Forum, which starts on Saturday.

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At least 50 people burned to death in a bus collision in Ghan

  At least 50 people were killed when two commercial buses collided and burst into flames in northern Ghana, police told CNN Friday.

  Ghana Police Service spokesman David Eklu said the accident occurred at about 1:30 am Friday morning when the two lo

ng-distance buses collided head-on on the main highway leading from Kintampo to Tamale, Ghana’s fourth largest city.

  ”The buses went up in flames when they collided,” Eklu said.

  ”It’s too early to ascertain how many died but 50 people have been confirmed dead.”

  He said both buses had about 100 people on board and some of the victims burned to death.

  At least 61 killed in collision of bus, truck in Ghana

  Eklu added that more than 50 people were injured in the crash

and the death toll could rise as police are still assessing the situation at the crash site.

  Victims’ families are being informed, although most of them have not yet been identified.

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