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I’m excited about the Asian cuisine festival,” said Li Jingy

n, who came to the main venue of the festival on Thursday with four friends.

“We went to Thailand for a vacation last month. The beautiful sunshine and beaches there

are enchanting,” the 54-year-old Beijing native said. “Now, we have a second chance to experience its food.”

Yang Lin, 26, who described herself as a foodie, also went to t

he gala. “I love Korean food most, except for Chi

nese cuisine, and I’m happy that Beijing is holding such a big food exhibition.”

Xu Hejian, a Beijing official in charge of the event, said visitors can see how Asian food i

s made at the venue and sample various cuisines made by more than 200 food enterprises.

Wuyutai Tea is one of the companies.It’s a good opportunity for the younger generati

on to learn more about traditional Chinese delicacies and desserts,” said Chen Huaji, an employee. “Tea is

quite an important element of Chinese culture, and the exhibition offers a stage to show off the essence of Chinese food and Chinese culture.”

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ctive investment and harness the digital economy’s role in driving

le in driving China’s economic and social development.

“We need to upgrade our internet services. This is a key measure t

o boost consumption and meet the needs of our massive cellphone users,” Premier Li said.

Participants at the meeting agreed that upgrading and expanding the cap

acity of internet infrastructure should be an important area in boosting effective inves

tment. By the end of this year, fiber-to-the-home (FTTH) ports relative to all broadband ports will be raised to more th

an 90 percent, 1,000M broadband will be extended to more than 300 cities, and base stations for mobile internet will be upg

raded with expanded capacity. The goal is to raise the speed of both fixed-line and mobile internet services to 1,000M.

Broadband networks will cover 97 percent of primary and middle schools nationwide this year, and dedicated inter

net services will be made available over time in hospitals and medical consortiums above the county level.

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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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In the past several months, China has announced and

started to implement a “negative list” program that allows foreign co

mpanies to have 100 percent ownership in investments in all areas of the economy, excep

t 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 C

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

The Chinese government has also recently announced tax cuts and financial regulations desi

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

Most Chinese State-owned enterprises are not relevant to trade negotiations. Many are in non-tradable sectors such as p

roperty development, infrastructure, or concrete. Others are basically public utilities in telecoms or power.

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producers or US-based designers. For example, China ma

akes less than $9 from each iPhone. The total price of a phone is ridiculously counted as a Chinese export to the US.

It’s a good thing that China is no longer a low-wage country. Most Chinese are much better off than they were even 10 ye

ars ago. But it does mean that these low-skilled, labor-intensive industries will be moving to less-developed nations. US t

ariffs on such products will only serve to hasten the transition to higher value-added industries that China has to make anyway.

Roughly 20 years ago, when China’s admission to the World Trade Organiz

ation was being negotiated, China’s economy was tiny as a portion of world GDP. It was clearly a poor, less-deve

loped country that, except in a few areas, was not able to compete with Western companies in high-value-added products.

As Alexander Hamilton, the first US Treasury secretary, argued, a dev

eloping country may need to protect its “infant industries” from already established foreign

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he scholars suggested that authorities such as th

 National Health Commission should monitor all gene-editing centers and IVF clinics in China to ensure trials are in line with regulations.

A national registry dedicated to clinical trials involving cell technologies should be established to pro

mote greater transparency, they said, so that before a trial begins scientists would need to pass an

ethics review and provide a list of names of all participating scientists and institutions.

Universities and research institutes should strengthen education and

training in bioethics and scientific and medical professionalism, covering research sci

entists and students of science, medicine and the humanities at all levels, they said.

In addition, more efforts should be undertaken to eliminate prejudice against people wi

th disabilities, which exists in the minds of some scholars, they said. Following the gene-edited baby incid

ent, government departments have vowed to improve supervision, and new regulations are being made or revised.

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Not only are there missing links on the causality chai

 between long-term structural factors and actual economic performance, it is also unclear how long those factors would take to constrain GDP growth to a part

cular level. In fact, 20 years ago, the same long-term factors were used to warn of a possible fall in Chinese GDP growth.

Because of the complexity of China’s growth trajectory, many economists seem to base their assessments of potenti

al on performance. After every drop in China’s GDP growth since the second quarter of 2012-when growth fell be

low 8 percent-economists have emerged to declare that performance was in line with potential.

Difficult to determine potential growth rate

To be sure, there are various estimates of China’s potential growth rate, ranging from 5 perc

ent to 8 percent. But it is difficult to determine which is reliable. For one thing, there is reason to believe that

most estimates fail to discount cyclical factors adequately when calculating the long-term trend.

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The overall stability of China-US relations over the pa

four decades has been a blessing to not only our two countries, but the whole world,” said Cui Ti

ankai, Chinese ambassador to the US, in his remarks during the awards presentation.

“And the essence of the 40-year story is amity between the peoples, which lays the foundation for

and shapes the future of our relations,” he said, adding that the stories shared by peoples from the two cou

ntries through the My China Album series will always “be a source of inspiration and motivation for us”.

Hundreds of US citizens participated in the series from Feb 6 to April 19, sharing their personal stories about China thro

ugh photos and captions. Ten of the participants were recognized for their genuine and touching stories.

“I was so honored to win first place in this year’s My China Album,” said

Max Horne, an incoming Harvard University freshman who visited Yunnan province years a

go and studied the Naxi culture, a local ethnic group. “There’s endless culture for us to appreciate.”

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In the years since, the country has continued to maint

tain a breakneck pace of economic development, which has brought booming economic prosperity.

Unfortunately, it has also brought a deteriorating environment. Seeing heavy smog, for ex

ample, many people feel that a worsening environment will destroy the happiness brought by economic growth.

Since 2012, the new leadership under President Xi Jinping has put forward a series of ecol

ogical ideas. On Sunday, Xi said at the opening ceremony of the exhibition that “green mountains and cle

ar waters are indeed mountains of gold and silver, and environmental improvement means great productivity”.

This idea, dubbed the theory of two mountains, enjoys immense popular support in China.

Xi, who is also general secretary of the Central Committee of the Communist Party o

f China, urged officials at all levels never to sacrifice the environment for economic growth.

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China’s pledges included shortening its negative lis

 for foreign investments, opening up more sectors to foreign busines

ses, guaranteeing fair competition and planning new free-trade zones and ports.

Sourabh Gupta, resident senior fellow at the Washington-based Institute for China-American Studies, specifically praise

d the new Foreign Investment Law-passed in March by China’s national legislature and effective in 2020-which he s

aid is “a farsighted piece of legislation” that “will firmly usher in a new round of reform and opening-up”.

“Strong measures to deal with political, regulatory and administr

ative noncompliance are envisaged. A robust working mechanism to promptly address fo

reign businesses’ complaints is also envisaged,” said Gupta, who believes the prov

isions are a big step in assuring foreign businesses that the playing field is leveled in China.

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