Even before the ruling, scholars had said Trump’s legal ar

Degree holders turn their backs on mega cities for better lifestyle choices

The population of college graduates is projected to reach a record high this year, turning an

already tough job market into a pressure cooker and intensifying the scramble for talent nationwide.

To many new graduates, mega cities such as Beijing, Shanghai and Guangzhou, Guangdong province, are less attractive beca

use of their high cost of living and greater peer pressure in the job market. And so the graduates are looking elsewhere.

The trend is changing the employment landscape in China, but it’s good news for sec

ond- and third-tier cities. The mega cities’ loss could be their gain in the brain drain game.

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Moreover, Washington has forbidden US companie

 to sell chips to ZTE, a Chinese multinational telecommunications equipment and

systems company, even after imposing huge fines on the company. By so doing, the US has act

ually encouraged China to increase investment in its high-tech sector. So, even if China and the US were to strike a de

al, China would be prompted to import lower volumes of energy and agricultural products from the US.

In macroeconomic terms, the China-US trade dispute has added h

uge uncertainties to the US economy and raised the likelihood of recession. Which cou

ld thwart the US president’s chances of being re-elected in 2020. And the trade dispute c

ould prevent the US from taking the measures it intends to in order to consolidate its national power.

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Wang stressed if one side is trying to place extreme press

extreme pressure on the other, it will cause a legitimate counterattack.

“The measures from us are not only to safeguard China’s own rights, b

ut to protect the basic rules of the current multilateral trading mechanism,” Wang said.

Wang made the remark in a joint news conference with his Russian

counterpart Sergei Lavrov during his visit to the Black Sea coastal city of Sochi.

Experts warned that the rising US tariffs on Chinese imports risks a full-blown trade war, which will bring harm to both sides.

Major Wall Street stock indexes declined more than 2 percent on Monday, followi

ng China’s announcement of countermeasures in response to Washington’s latest tariff move.

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Core technologies to better drive digital shiftShijia and Hu

More efforts are needed to make breakthroughs in core technologies, advance infor

mation infrastructure construction and provide further impetus to the digital transformation of ind

ustries, said a senior official at the Second Digital China Summit, which opened in Fuzhou, Fujian province, on Monday.

Huang Kunming, a member of the Political Bureau of the Communist Party of China Central Committee and head of the Pu

blicity Department of the CPC Central Committee, called for more work to accelerate the research and de

velopment of 5G, as well as promote the building and application of the Beidou Navigation Satellite System.

Huang said achieving breakthroughs in core technologies should be the top pri

ority, with innovation fully pursued and intellectual property rights better protected.

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Overall, the country’s industrial output grew 6.5 percent

year-on-year in the first quarter, compared with 5.7 percent in the previous quarter.

The ministry said more than two-thirds of enterprises it surveyed received ample orders to

keep factories busy after the Spring Festival break, also signifying an upward trend.

Qu Xianming, an expert at the National Manufacturing Strategy Advisory Committee, s

aid the sound performance in the first quarter is the result of improved market expecta

tions and it mirrors the resilience and sustainability of the country’s manufacturing sector.

“The central government said in March that it would slash the value-a

dded tax rate of 16 percent in manufacturing to 13 percent. Such an aggressive cut sends a strong

positive signal to companies, which has motivated them to accelerate production and intensify investment,” Qu said.

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Xi underlines studies on May Fourth Movementnjiang

The call made by Xi Jinping, general secretary of the Communist Party of China Central Committee, for more study of the

May Fourth Movement, will help younger generations better understand the value of its spirit, observers said.

Xi underlined the need to strengthen studies of the May Fourth Move

ment and its spirit during a speech at the group study session of the Political Bureau of the C

PC Central Committee on Friday, according to a news release issued on Saturday.

This year is the 100th anniversary of the movement launch

ed by young intellectuals and participated in by people from all walks

of life. It was a political, anti-imperialist movement that stemmed from student demonstrations in Beijing on May 4, 1919.

Presiding over the session on the historical significance and modern value of the movement, Xi said the studies shoul

d elaborate on why the movement is of great and far-reaching significance for development and progress in conte

mporary China, and why Marxism has become a guide for the cause of the Chinese people’s revolution, construction and reform.

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They are willing to conduct cooperation using the

rtunities provided by the initiative and the strategy, which for the EU me

mber states would also complement relevant EU initiatives, said the guidelines.

Announcing that 2020 will be the Year of China-CEEC Agricultural Diversity Cooperation, the p

articipants said they support expansion and deepening of cooperation in sustainable agriculture through

academic discussions, project docking, talent training and exhibitions as well as forums.

More Chinese people take trips during holidays compared to 10 years ago, according to official statistics and academic reports.

Both the number of domestic and outbound tourists have seen

a steady increase from 2008 to 2018, with the number of domestic tourists rocketing from

merely 1.71 billion in 2008 to a stunning 5.54 billion in 2018, data from the National Bureau of Statistics (NBS) show.

Tourists in China have become more active in spending their public

holidays on traveling, according to a report from China Tourism Academy.

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Kim, while stressing the importance of solving prob

lems through dialogue and negotiations, also underlined that he does not accept “the American style of

dialogue” which imposes the United States’ unilateral demands upon its dialogue partner.

Kim said the United States is hinting at holding

a third DPRK-US Summit, but what happened in Hanoi “is not inviting” to the DPRK.

However, Kim also mentioned his good relations with Trump. “As P

resident Trump keeps saying, the personal ties between me and him

are not hostile like the relations between the two countries and we still maintain good relations.”

At the end of the speech, Kim said he hoped that the United

States would decide wisely and that the confrontation betw

een the two countries will be brought to a complete stop.

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Digital trade enabled up to 3.2 trillion yuan of econo

omic value in the domestic economy in 2017, equivalent to nearly 4 percent of China’s 82.08 trillio

n yuan GDP that year.This is significant, considering the economic value estimated for other Asia-Pacific economi

es ranges between 1 and 3 percent, said the Hinrich Foundation’s Director of Public Affairs and Strategy Berenice Voets.

The potential economic value of digital trade is expected to be the equivalent of 22 percent of China’s projected GDP in 2030, accor

ding to the report, outlining an optimistic outlook for digital trade development in China in the following years.

Li is scheduled to have talks with EU leaders, attend high-level meetings

Premier Li Keqiang touched down at Brussels Airport on Monday, beginning a five-day trip aimed at sending a clear signal to t

he world of the growing mutual trust and deepening strategic cooperation between China and European nations.

Li is in Belgium for the 21st China-EU Leaders’ Meeting. He will also make an official visit to Croatia and at

tend the eighth Leaders’ Meeting of China and Central and Eastern European Countries in the coastal city of Dubrovnik.

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Also, the prospects may be promising for Chinese aircraf

President Xi Jinping called on New Zealand to provide a fair and unbiased business environment for Chinese investor

s while hailing the country as a sincere friend and cooperative partner in a meeting with Prime Minister Jacinda Ardern on Monday.

China will continue to support capable businesses in seeking investment opportunities in New

Zealand, and the two nations should accelerate talks over upgrading their bilateral free-trade agreement, Xi said.

The one-day visit by Ardern, her first since coming to office in October 2017, came after New Zealand stopped mobile phon

e company Spark from using Huawei equipment in its planned 5G upgrade in November, citing security concerns.

Xi said the timing of the visit also indicated the great importance Ardern places on relations with China.

Under the new circumstances, it is important for both sides to stick to the principle

of mutual trust and benefits, and keep enriching the bilateral comprehensive strategic partnership, he said.

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