If they wanted a replay of what happened to ZTE, a Chinese company which relies heavily on outsider technologies, they may never see it. Because Huawei is a dramatically different kind of business. The Plan B Huawei has just revealed — a series of self-developed chips — is only part of what makes it an enterprise of strategic insight, and hence resilience. Over time, that insight has rewarded it with a viable biosphere that its founder Ren Zhengfei believes will enable it to weat her the storm. “Our growth may drop a bit in the wake of US restrictions, but negative growth is impossible,” saidRead More →

with high export exposure to the impacted economies . A more protracted period of weak international trade activity could also harm investment pr ospects and adversely affect productivity growth in the medium term.” The report indicated that the entire global economy is experiencing a broad-based growth slowdown amid unresolved tra de tensions, high international policy uncertainty and softening business confidence. The forecast for weaker global growth casts a shadow over efforts to im plement the UN’s 2030 Agenda for Sustainable Development, which has set universal go als for eliminating poverty, promoting prosperity and social well-being while protecting the environment. www.chengduyidong.cnRead More →

access to some components and technologies. “We have been developing backup products for years in anticipat ion. … Such efforts can ensure the strategic safety of most of the company’s products an d a continuous supply of most products,” said HiSilicon President He Tingbo in an internal letter. Foreign Ministry spokesman Lu Kang said at a news conferen ce on Friday that the development and utilization of 5G depends on global cooperation, and inte rference by the US undermines the principle of fair competition and shows a lack of respect for other countries. HiSilicon, which was founded in 2004, has designed chipsets like Ki rin,Read More →

Sure, there are exceptions to this, but by and large human bein Museums provide culture and inspire learning in the youth and popu lation of a country, and lead to an increased sense of wonder and desire to explore. For purely selfish reasons, corporations and businessmen should strive to support museums and other cultural de stinations, in hopes that generations of future workers are more creative and able to do good work. gs tend to look up to things that are difficult or costly to access. A better option is to charge fees for regular visitors but provide free ticket s as prizes for high-achievingRead More →

 British Prime Minister Theresa May will set out a timetable for her departure in early June after the latest attempt to get her Br exit deal approved by parliament, the chairman of a powerful Conservative committee said on Thursday. Three years after Britain voted to leave the European Union, there is littl e clarity over when, how and even whether Brexit will happen, prompting some in her party to c all for a new approach to the country’s biggest policy shift in more than 40 years. May has promised to step down after her Brexit deal is approved by lawma kers. But many in herRead More →

ted the interests of WTO members, especially developing-nation members, and undermined the authority and efficacy of the WTO. As a consequence, the organization is facing an unprecedented crisis. China suggested necessary reforms of the WTO be made so as to overcome the crisis, strengthen its auth ority and efficacy, and enlarge its relevance in terms of global economic governance. It also proposed strengthening the inclusiveness of the multilateral trading system, said an official with the De partment of WTO Affairs at the Ministry of Commerce, in an online statement late on Tuesday. The unnamed official stressed the need to resolve several urgent issues threatening theRead More →

 in the 19th century and by Western Europe, Japan, and South Korea in the years after World War II. China is no longer a poor country. It can no longer compete by using l ow-wage labor. Fortunately, it has now developed world-class companies that are incr easingly developing new products and services that can compete successfully in many foreign markets. Now that it has reached middle-income status, China’s economic strategy will focus on creating a highly competitive dom estic market that forces companies to produce high-value goods so they can pay high wages to highly skilled people. Because of its long experience in manufacturing, muchRead More →

ns and international organizations supported the declaration. It recommended a ctions including data-sharing, investing in disaster risk reduction technologies and inf rastructure, and jointly enhancing disaster preparedness and response protocols. The conference also saw the launch of a scientific alliance on international disaster risk reduction, which included aro und 30 institutions and universities from countries including Italy, Belgium, Nepal, Pakistan and Sri Lanka. The alliance will serve as a new platform for international coordinati on and provide scientific support for disaster relief and sustainable development. The conference was co-hosted by the Chinese Academy of Sciences, the Chi na Association for Science and Technology, the UnitedRead More →

the ideal way to govern their countries.Lee and Mahathir maintained that i n Asia, social order and strong governance are keys to a stable and wealthy society. This type of governance succeeded in fostering rapid growth in Singap ore, Malaysia, South Korea and China. Santarita said strong Asian leaders are effe ctive because they serve their constituents and value mutual respect and discipline. Analysts said the Asian emphasis on community and harmony can help resolve some of the world’s most pressing intern ational issues such as territorial disputes, climate change and sustainable economic development. Santarita cited the current dispute over the South China Sea whichRead More →

enter around both nations’ legitimate desires to protect some current l ow-skilled jobs, or at least to allow an easier transition to new jobs and industries. US administration’s economic policy has rightly focused on the need to retain jobs for working-class people in the US. And, Ch ina’s companies that export to the US also largely now employ less-skilled working-class people. However, neither the US nor China can expect to keep, much less get back, low-wage, low-skilled manufacturing jobs. Many people have the impression that Chinese goods are dominant in US markets. That is true only in a few highly compe titive, low-profit sectors. AccordingRead More →