Besides electrified vehicles, Volkswagen and JAC have

also partnered with local authorities in Hefei to test autonomous

driving technologies, including robotaxis and autonomous fleet management, and on-de

mand mobility services, like ride hailing and car sharing, but none of the parties revealed the details.

Kong Xuanyou, vice-foreign minister and special representative of the Chinese government on

Korean Peninsula affairs, will take up his new post as Chinese ambassador to Japan on Thursday.

Kong, 59, is a fluent Japanese speaker. During his 34-year diplomatic care

er, he has spent two-thirds of the time dealing with issues related to Japan.

He has served in Chinese diplomatic missions in Japan on three occasions, and was China’s ambassador to Vietnam from 2011 to 2014.

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China attaches great importance to the development of th

?the big data industry and is willing to share opportunities of the dig

ital economy’s development with other countries and jointly explore new growth drive

rs and development paths by exploring new technologies, new business forms and new models, Xi added.

With increasingly wider applications of digital technologies in China, the country is expected to genera

te and store 27.8 percent of global online data by 2025, up from 23.4 percent last year, according to a re

port by market researcher International Data Corp and data storage firm Seagate.

In comparison, the US share will stand at 17.5 percent by 2025, a drop from its 21 percent share in 2018, the report added.

United Nations Secretary-General Antonio Guterres said that f

rom medicine to transportation to farming, big data presents the world with a r

emarkable tool to advance global progress, but with that opportunity also comes risk.

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Li Daokui, director of the Academic Center for Chine

se Economic Practice and Thinking at Tsinghua University, said China “should be more confident” in accelerating open

ing-up of its financial sector, which will help global investors seize numerous opportunities in the Chinese market.

Domestic financial institutions are now capable of engaging i

n fiercer competition with global peers as their service abilities in many aspe

cts, such as banking and insurance, have improved a lot over the past years, Li said.

Despite headwinds from the trade tensions, global investors are still optimistic about China’s economic pro

spects, said Zhang Zhiwei, Deutsche Bank’s chief China economist and head of China equity strategy.

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On April 18, Mao was waiting for his wife Feifei and thei

eir newborn baby outside the delivery room. However, Feifei died of an amniotic f

luid embolism. The baby, suffering serious asphyxia, was sent to the intensive care unit, or ICU.

After sitting outside the ICU for a whole night, Mao decided to donate his daughter‘s corneas and kidneys, allowing her to live in another way.

“Feifei was a kindergarten teacher. She loved children. She often wen

t to the welfare house to teach the abandoned kids there. She once said that if she cou

ldn’t be brought back to life, she would want to help others. So I think this is what she would have wanted too,” said Mao.

The decision was supported by Feifei’s family, who all believed this was something she would have liked.

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On the other hand, and US consumers would be forced

d to bear the brunt of the tariff hike, because the tariffs will raise t

he prices of consumer goods. Besides, the higher tariffs will deal a blow to many US industries.

China’s countermeasure will have intended effect

The results of a quantitative simulation analysis show China’s counterm

easure of imposing tariffs on $60 billion of US goo

ds will have the intended effect, as the US’ losses are set to mount. According to the simulation analysis, China’s GDP, man

ufacturing jobs, exports and imports could reduce by 0.622 percent, 1.046 percent, 3.402 percent and 1.945 percent, w

hile that of the US could dip by 0.067 percent, 0.907 percent, 2.611 percent and 3.936 percent.

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5G is not just a faster 4G. It will fundamentally reshape

?how enterprises run businesses and overhaul a wide range of industries by using data to create more value,” Lu said.

Greater access to China’s financial sector will encourage global investors and dispel the gloom clouding the global econo

my amid Beijing’s trade tensions with Washington, according to senior officials and economists.

Chinese financial regulators are preparing a comprehensive opening-up, with more new measures in the pipeline. Forei

gn institutions with advanced performance in risk management, credit rating, consumer finance, endowments an

d health insurance are especially welcome, senior officials stressed over the weekend.

The opening measures will offset part of the negative impacts of trade friction on economic

recovery, and enable China to reach its GDP growth target of above 6 percent this year, they said.

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The IMF report warned that the additional impact of the r

?recent and future tariffs will cut about 0.3 percent of global GDP in the short ter

m, with half stemming from negative effects on business and market confidence.

Failure to resolve the trade differences and further escalation in other areas, such as the auto

industry, which would cover several countries, “could further dent business and financial market se

ntiment, negatively impact emerging market bond spreads and currencies, and slow investment and trade“, the research said.

Experts urged the US government to stop its protectionism and proposed options for a resolution between the two countries.

Chen Wenling, chief economist of the China Center for International Economic Exchanges, said the US needs to correct moves that have

already added pressure to global economic prospects. Otherwise, it will “pay the price” for its protectionist behavior, she said.

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Before the development of the possible vaccines, resear

chers in the academy managed to isolate an African swine fever virus at a

farm hit by an African swine fever outbreak last year in Jiamusi, Heilongjiang province. Sub

sequent research was conducted, including on the infectiousness and transmission of the virus.

The Chinese Academy of Agricultural Sciences will also focus efforts

over the next few years on other areas to help fight African swine fever, including tech

nologies that can quickly test for the virus and kill it with high efficiency, according to a plan released by the aca

demy.China has published the most research papers on artificial intelligence around the world, while AI research from the

United States remains the most influential, said a report on AI development released in Shanghai on Friday.

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ations-the link between them is the strongest,” said Li Xiuqu

deputy director of the center. “But more and more countries have realized the importance of AI, and paid a lot of attention to this area.”

The report said 12 countries announced their national strategies on AI in 2018, including the US, Germa

ny and the United Kingdom, and another 11 countries are in the process of drawing up their national AI strategies.

The report pointed out that the weakness of AI research in China lies in the insufficient c

ollaboration between universities and industries, while Israel and the US are ahead in this respect.

“AI research in China is largely limited within universities, resultin

g in a low rate of technology transfer from research to commercial products,” Li said.

Wang Yingchun, director of Shanghai Science and Technology Development Resear、

ch Center, said technology diffusion has been taking places in the Yangtze River Delta.

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He added that the Prism event and Alstom case have show

n a written instruction released on Friday, President Xi Jinping called on society to ca

rry forward the spirit and dedication of 95-year-old war hero Zhang Fuqing as China forges ahead in the new era.

Xi is also general secretary of the Communist Party of Chin

a Central Committee and chairman of the Central Military Commission.

Zhang, a native of Shaanxi province, behaved courageously in the Liberation War in 1948, repea

tedly achieving military glory. He retired from active service in 1955.Over the following dec

ades, he kept his battle achievements a secret, even from his children. His story was made public at the end of last year, a

s information about veterans nationwide was being collected by the authorities.

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