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Despite reductions in th亚博平台娱乐龙凤of labor, the slowdow

own in economic growth will result in more sluggish labor demand,” he said.

亚博平台娱乐龙凤He added that the manufacturing sector has been troubled by weak expor

ts and sluggish prices, while the construction sector is suffering from sliding inve

stment. Both sectors played important roles in stabilizing employment, he added.亚博平台娱乐龙凤

The authorities should adopt measures to further improve the business environment, especially for private and smal

亚博平台娱乐龙凤l and medium-sized enterprises, which accounted for more than 90 percent of urban employment.

“It is also important to enable further opening-up in the servic

e sector, especially for finance, education, medical care and telecommunications,” he said.亚博平台娱乐龙凤女神会所

During the second quarter of this year, China’s smartphone shipments totaled 97.9 mil

lion units, down 6.1 percent year-on-year, the latest report from the International Data Corporation showed.

亚博平台娱乐龙凤Smartphone vendors shipped a total of 180 million phones during the first six months, down 5.4 percent from a year earlier.

During the second quarter and the first six months, most manufacturers’ new product rel亚博平台娱乐龙凤女神会所

eases and the pace of shipments became faster to some extent, IDC said, adding that Huawei put more effo

亚博平台娱乐龙凤rts into the domestic market and its shipment performance exceeded expectations.

Huawei maintained the top position in the market, with shipment volumes of 36.3 million units, up 27 percent from the year-ago

period. Its market share rose to 37 percent from 27.4 percent. The tech giant was also the only company that regi亚博平台娱乐龙凤女神会所

stered an increase in shipments among the top five smartphone makers, IDC report showed.

Vivo, with shipments of 18.3 million units and a market share of 18.7 percent, came in sec

ond. It was followed by OPPO, whose shipments fell 13.9 percent to 18.2 million units.亚博平台娱乐龙凤

Xiaomi ranked fourth. Its smartphone shipments fell 19.3 percent, the biggest drop amo

ng the top five smartphone makers, to 11.7 million units, with a market share of 11.9 percent.

亚博平台娱乐龙凤女神会所Apple finished the second quarter in the fifth position. Its smartphone shipments fell 6.2 p

ercent to 6.6 million units, while its market share was basically flat at 6.7 percent from a year earlier.

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Boeing MAX jets were grounded worldwide follow

lowing crashes March 10 in Ethiopia and October 29, 2018, in Indonesia that killed a total of 346 passengers and crew.

亚博平台娱乐龙凤Preliminary investigations suggest the aircraft’s Maneuvering Characteristics Augmentation System (MCAS), an autom

ated anti-stall device, apparently forced the noses of Lion Air and Ethiopian Airlines flights down and into a fat

al plunge when it erroneously determined the planes were about to stall. To avoid a stall, MCAS points the nose of the plane down to gain air speed.亚博平台娱乐龙凤

There are about 400 MAX jets in service worldwide, including about 97 in China. Wall Street analysts expect Boeing to spend abo

亚博平台娱乐龙凤ut $1 billion to update and install new software worldwide to prevent the MCAS system from rep

eatedly pointing the nose of the plane down and to prevent the system from being activated by only one of two exterior sensors.亚博平台娱乐龙凤品茶微信

In the interview with the news website Axios, Muilenburg refused to亚博平台娱乐龙凤

say the MCAS system was a “red flag” during the MAX’s six-year development and cer

tification process. He said there were a “number of factors” involved in the fatal crashes.亚博平台娱乐龙凤品茶微信

Earlier this month, Muilenburg said he expected some MAX jets to return to commercial service by

亚博平台娱乐龙凤the end of the summer, but it could be months before the worldwide fleet returns to the air. Boe

亚博平台娱乐龙凤品茶微信ing said it has completed the software update for the MCAS system and has tested it on 207 flights totaling 360 hours. The

US Federal Aviation Administration has not said when its review of the updated software will be completed.

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The first phase for Gigafact亚博平台娱乐龙凤品茶微信p this sum

s summer, and pr亚博平台娱乐龙凤品茶微信oduction will begin on Model 3 by the end of this year, according to Tesla’s CEO Elon Musk.

Gigafactory 3 will combine research and development, manufacturing, sales and an electric vehicle innovation center in one

facility, and it is expected to see an annual output of 500,000 electric vehicles in the next two to three years.

Musk expected that the Shanghai plant could produce 3,000 Model 3 vehicles per week by the end of this year.

In the future, Tesla’s Model 3 and Model Y will be made in the Shanghai plant.

In Fremont, the automaker is currently trying to stabilize production at 7,000 units per week for a

total of 10,000 Model 3 vehicles weekly by the end of the year, according to Eelectrek.

Tesla’s Shanghai-made Model 3 vehicle, priced from 328,000 yuan to 522,000 yuan, will be delivered to customers in six to 10 months.

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Minister General Wei Fenghe speaks at the Shangri-La Dialo

The People’s Liberation Army will adamantly support regional and world peace, but will not be

“bullied or preyed upon” by foreign powers into giving up national sovereignty and legitimate int

erests, State Councilor and Defense Minister General Wei Fenghe said on Sunday in Singapore.

Experts said Wei’s speech at the Shangri-La Dialogue, a key defense summ

it, marked a milestone in Chinese military diplomacy as Wei showcased the PLA’s confide

nce, positions on key issues and its sincerity and willingness to exchange and cooperate with other countries.

It is the first time in eight years that a Chinese defense minister has participated in the event.

Building a community with a shared future for mankind is the right path forward an

d the trend of the times amid growing uncertainty and instability around the world, he said.

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Habib also applauded China’s interest in Washington’s agric

ricultural products such as apples and cherries, and specifically mentioned

tourists and students from China.

With the current trade disputes between China and the US, however, Habib is seeing some frustration in his state.

“I’m of course frustrated at the effects of some of the Chinese-im

posed tariffs on our exporters – that’s a huge problem first for our growers, and companies in our

aerospace supply chain, and definitely our fish and seafood – they’ve been affected by Chinese tariffs,” said Habib.

With the Trump administration gradually imposi

ng 25 percent tariffs on $250 billion worth of Chinese imports over the past year, China has already retaliated with

tariffs on $110 billion worth of US products, and has planned a tariff hike on $60 billion worth of US goods on June

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Cooperation has principles, and the bottom line

All foreign companies’ legitimate rights will be protected by the Chinese government, the Ministry of Commerce said.

In a response to a question about whether China would take certain actions against Apple Inc after

the US government restricted Huawei’s business operations, which has harmed the inter

ests of companies and financial markets on both sides, the ministry’s spokesman Gao Feng said the legitimate righ

ts and interests of all foreign enterprises in China will be protected by the Chinese government.

China will stand firmly on further opening-up and reform, as w

ell as creating a stable, predictable and fair commercial environment for all bus

inesses operating in China, he said.hina will not allow any countries to use rare earth materials to make pr

oducts that will suppress China’s development, the Ministry of Commerce stressed.

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Xi calls for bolstering reform and developmentforts to p

Xi Jinping, general secretary of the Communist Party of China Central Committee, called

on Wednesday for further efforts to prevent and eliminate major problems in the nation’s reform and

development against the backdrop that uncertainties and instabilities are on the rise.

Xi, also Chinese president and chairman of the Central Military Commission, made the remarks while presiding over a key meeting

of the Central Committee for Deepening Overall Reform. He is the director of the committee.

Saying China is facing profound changes in its reform and development against the backdro

p of increasing external uncertain and unstable factors, Xi said the country must maintain a strategic focus.

www.qianpadat.com

n macroeconomic terms, the China-US trade dispute ha

as added huge uncertainties to the US economy and raised the likelihood of recession. Which could

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

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

As for China, the significant deviation in the US’ stances and objectives

in the trade talks should be a warning for it to more strictly stick to its principles. And the

fact that the US wants to challenge the laws of economics should not be reason for China to try to do the same.

China may grant official 5G licenses, instead of the interim licenses previously planned, to tel

ecom carriers this year and is likely to start commercial use of the superfast wireless technology na

tionwide in the near future, possibly as soon as October, according to people familiar with the matter.

www.sailingcity.org

Foreign Ministry spokesman Geng Shuang urged the US gover

?government on Tuesday to consider the costs it would bear through raising tariffs.

He reiterated that China will never capitulate under any external pressure and hopes the US meets China halfway.

The US has no need to “worry about” China’s affairs, Geng said at a daily news conference. The country has made progress i

improving its foreign investment environment and has become a popular investment destination, he sa

id, citing the expansion of US-based Exxon Mobil Corp and Tesla Inc in the market last year.

Geng stressed that China welcomes foreign companies to increase investment in the market and will co

ntinue to establish a more stable, fair, transparent and predictable investment and business environment.

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All of this has inspired confidence that the Chinese eco

Chinese economy can reach its indicative growth target of 6-6.5 percent in 2019.

Lower growth rate may mean more room for adjustment

Most Chinese economists seem quite comfortable with this targeted range. One explanati

on is that China’s potential growth rate is 6-6.5 percent, and a target should be set accordingly. Another is that a

lower growth rate would give the economy more room for structural adjustment.

From 1978 to 2008, China averaged an impressive 9.5 percent annual g

rowth rate. Then the global financial crisis struck, causing growth to plummet from 9.7 p

ercent in the third quarter of 2008 to 6.6 percent in the second quarter of 2009. A 4-trillion-yuan ($640 billion) sti

mulus package, introduced in November 2008, soon brought about a powerful rebound, with GDP growth rea

ching 12.1 percent in the first quarter of 2010. But since then China’s economic growth has been declining, partly b

ecause the government withdrew its stimulus. Last year, China’s GDP grew by 6.6 percent.

www.trwater.com.cn

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