Despite headwinds from the trade tensions, global investors

s are still optimistic about China’s economic prospects, said Z

hang Zhiwei, Deutsche Bank’s chief China economist and head of China equity strategy.

Foreign investors believe that China has enough policy tools to offset short-term downside pressure, while th

e financial risks are under control as the country’s debt level has shown signs of stabilizing, Zhang said.

China’s overall debt-to-GDP ratio had dropped to 249.4 percent by the

end of 2018, 1.5 percentage points lower than a year earlier, according to the PBOC.

If trade tensions escalate further, more opening-up policies in the sectors of medical care

and education will help boost global investors’ confidence in the Chinese economy, Zhang added.

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Ministry: Foreign firms won’t disregard own interests

Enterprises in any country will not disregard their own interests and blindly follow other cou

ntries’ “political command”, Foreign Ministry spokesman Lu Kang said on Thursday, after comp

anies confirmed cooperation with Chinese telecommunications equipment maker Huawei will continue.

Panasonic made a “solemn statement” on Thursday that it is supplying Huawei normally, rebukin

g reports that it will cut parts of the component supply. British Telecom, parent group of telecom oper

ator EE, said on Wednesday Huawei will continue to supply their 5G radio network infrastructure, Xinhua reported.

China hopes that the US can take a serious attitude about going back to the negotiating table and ensure that negotiations are meaningful, said Lu.

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Data cited from Zhaopin, an online recruitment platform

 shows that college students slated to graduate in 2019 have higher

expectations of working in these cities, than in cities like Beijing, Shanghai and Guangzhou.

According to the platform, 44 percent of new graduates this year wish to find their jobs in new fir

st-tier cities, while only about 30 percent hope to work in Beijing, Shanghai and Guangzhou.

Yang Zheng, who graduated with a master’s degree from Fudan University in Shanghai in March, said th

at he received three offers from companies in the city, but finally chose a high-tech enterprise in neighboring Hangzhou.

“I’ve spent about seven years in Shanghai, it’s time to explore a new world,” he said, laughing. “The most importa

nt reason I chose Hangzhou is the city’s potential development in the high-tech industry, which can bring us more opportunities.”

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One standard goal is to create a “level playing field” so

 that foreign companies can compete against domestic companies in each country.

In the past several months, China has announced and started to implement a “negative list” program

that allows foreign companies to have 100 percent ownership in investments in all areas of the ec

onomy, except for a small number of areas, such as telecoms and defense, that are explicitly prohibited.

Also, foreign investment has been simplified by creating a

one-stop regulatory shop and a single application process.

These new policies will lead to greater competition within China, forcing Chi

na’s companies to become more efficient and to produce higher quality products.

The Chinese government has also recently announced tax cuts and financial regulation

s designed to help private companies. This will hasten the ongoing transition to a market-driven economy.

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launched early last year, has contributed 257 milli

n yuan ($38 million) in sales of more than 780 types of products with the Winter Games logo as of the first quarter this year.

The Organizing Committee on Friday also unveiled its plans for volunteer recruitment and training. International recruit

ment, which will be launched in December through an online system, aims to select 27,000 volunteers to di

rectly serve the Games’ operation, while another 80,000 or so will work as city volunteers.

The Games’ official mascot will be unveiled in the second half of this year.

The Ministry of Education (MOE) of China has issued a statement

warning the country’s middle and primary schools against unauthorized selections and rankings.

The statement, made public on Thursday, was based on several lists of so-called “top

100 middle and primary schools in China” recently released by some institutions.

The MOE has never authorized any organizations or institutions to carry out such selections or rankings, according to the statement.

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Ma described the early radiation as carpet bombing, sayin

g it causes collateral damage in the area around the tumor. A “satellite map” is needed for a precision strike, he said.

Ma and his team put forward an individualized irradiation range and dose standard for radi

otherapy. The result is a clear picture showing high – and low-risk areas, which then allows dose stratification.

In 2014, an atlas of organs at risk in nasopharyngeal cancer patients was published in

Radiotherapy and Oncology. It suggested tailoring both radiation doses and targets, and setting a reco

mmended safety dose for protecting 33 normal organs around the nasopharynx.

Today, the five-year overall survival rate for patients exceeds 80 percent at Sun Yat-sen Uni

versity Cancer Center, while the rate of severe side effects from radiotherapy has dropped by 24 percent.

Ma, who has won China’s National Science and Technology Award twice with his team, is grateful to more than 10,000

patients who have participated in his research, saying their courage is behind the progress in the treatment.

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Craftsmen carve out niche with Nixing pottery

Photos have been released of China’s first domestically manufactured aircraft carrier on its recent fifth sea trial.

The trial tested the carrier’s command and control system and battle performa

nce, with the vessel completing tests of its mooring, power, battle and security system.

Unmanned convenience stores, vending machines, mobile payment…thanks to the latest technology, shopping has become even more effortless.

But shopping experience will go further than that: an eye-catching robot in Xi’an, Northwest China’s Shaanxi province, has hit the streets selling drinks and ice creams.

Powered by 4G networking and artificial intelligence, the human-shaped robot, Mr Doer, offe

rs ice creams and drinks on its own. The robot can also recite adapted poems or even dance to attract customers.

The China Conservation and Research Center for the Giant Panda in Wolong National Nature Res

erve in Sichuan province said on Wednesday it had started rebuilding a fence where a visitor had touched a panda cub.

It was making the fence higher so that visitors cannot reach the pandas

and it asked visitors to keep away from the animals. It asked them to refrain from climb

ing over the fence and from feeding or touching the pandas, said Wang Jisi, an information officer at the center.

On April 7, a woman surnamed Han said in social media that she and som

ebody else had managed to touch a panda cub without the consent of the center.

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China becomes second-largest source of ‘unicorn com

China has become the world’s second-largest source of “unicorn companies” accordi

ng to the latest report on China unicorn companies by the Evergrande Research Institute.

With 88 in total, China is the world’s second-largest source of unicorn compani

es following the US with 151. The report cited data from IC Insight gathered between 2013 and Dec 31, 2018.

Twenty-two companies worldwide were included as super unicorn companies in 2018 and C

hina’s Fintech company Ant Financial ranked first in value worth $150 billion, the report said.

The US and China had the greatest number of new sup

r unicorns worth $10 billion last year with 12 and 7 respectively, accounting for 86.4 percent of

the world’s total. The UK, India and Singapore had one of these companies each in the same period.

New energy vehicles, artificial intelligence chips, robots, big da

ta, computer vision and cloud computing are the main areas for these emerging unicorns.

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Liu Gang, the founder of PayNews.net, a Hangzhou-based

online news service focusing on China’s mobile payment industry, said to Securities Daily he

expects the run-up of cashless payments will maintain for three to five years until it takes up as much sha

re of consumption as possible, as consumers incrementally wade farther into cashless payments.

Data from PBOC revealed banking financial institutions in 2018 conducted 220.31 billion deals in non-cash paym

ents involving 3,768.67 trillion yuan, a rise of 36.94 percent and 0.23 percent year-on-year respectively.

In the same period non-banking payment institutions, mainly referring to third-party online payment service providers, had 530.61 b

illion deals, surging 85.05 percent, and the transaction volume was 208.07 trillion yuan, up 45.23 percent fro

m the previous year. Mobile payment platforms Alipay and WeChat Pay occupy over 90 percent of market share.

By the end of 2018, a total of 424 commercial banks and 115 payment institutio

ns were connected to a unified clearing platform set up by the Payment and Clearing Association of China, PBOC said.

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Key GOP senator with aviation oversight says he would “pr

  Republican Sen. John Thune — who has oversight of the aviation industry and the FAA as a member of the Aviation subcommit

tee of the Commerce and Transportation Committee — said Tuesday he would “prefer flying on some other plane” rather than Boeing’s 737 MAX 8.

  Thune, who is also a the second-ranking Senate Republican leader, seemed to suggest he would be open to ground

ing the planes if the evidence pointed to it, but stopped short of saying the planes should be grounded at this po

int unless and until an NTSB investigation finds there is a problem with the plane.

  He said he will also wait for the investigation before considering hearings in

his subcommittee. He said he has not talked to anyone at Boeing about his concerns.

  Reporter: Would you safe flying a Super Max 8 right now? Would you fly on it?

  Senator Thune: “Uhh…well, I guess I would uh, probably like everybody else, prefer flying on some other plane.”

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