Wei Jianguo, vice-president of the China Center for Inte

rnati上海后花园onal Economic Exchanges, warned that although China would not be happy to see the so-called trade war expand into the fields of finance, tech

nology or geopolitics, the country must be prepared for all kinds of confrontations.

“The US has repeatedly violated the multilateral mechanism based on World Trade Organizat

ion rules. Due to the influence of hard-line hawks, it is likely to continue the trade war,” he said.

China has less motivation to further stimulate economic growth, but the government needs t

o search for more methods to control debt and reduce default risks, according to officials and economists.

China’s macroeconomic leverage ratio, or the total debt-to-GDP proportion, rose slightly in the first quarter, but the over

all leverage level still remained stable, Huang Xiaolong, deputy head of the Financial Stability Bureau of the Peo

ple’s Bank of China, the central bank, said at a media conference on Wednesday.

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Expected delivery time of the Model 3 is six to 10 mo

onths, according to Tesla. The report said the cruising range of the vehicle can reach 460 km under the NEDC condition.

The report also noted that the standard range plus Model 3 comp

letes a 0-100km/h sprint in 5.6 seconds with maximum speed at 225 km/h.

Phase one of the Tesla gigafactory started construction in Shangha

i on Jan 7, which expects to start mass production at the end of this year.

The factory is the first wholly foreign owned enterprise establishe

d after China lifted restrictions on foreign ownership of new energy vehicles, and also the large

st-ever foreign-funded manufacturing project in Shanghai, the paper.cn reported.

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President’s Russia visit eyes global stabilityernational Coo

President Xi Jinping’s upcoming visit to Russia reflects close cooperation between China and Russia, which is impo

rtant to maintain the stability of the international community amid rising uncertainties, analysts said.

Xi will make a state visit to Russia from June 5 to 7 and attend the 23rd St. Petersburg Inter

national Economic Forum, Foreign Ministry spokesman Lu Kang announced on Wednesday.

The trip is part of the annual exchange of visits between the two countries’

heads of state, after Russian President Vladimir Putin attended the Second Belt and Road For

um for International Cooperation in Beijing in April and had talks with Xi on the sidelines.

The visit will further display the strength of bilateral ties, which are developing “very good” momentum both politically and

economically, said Ruan Zongze, vice-president of the China Institute of International Studies.

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Capital International Airport by 12 pm Sunday had canc

nceled 111 out of 436 scheduled flights, while a China Southern Airlines flight scheduled to arrive in Beijing at noon fro

m Guangzhou in Guangdong province found cracks on its windshield due to hail upon landing.

The flight arrived safely with no injuries onboard, said China Southern Airlines.

Railway departments said Sunday afternoon that they had ad

opted measures limiting the speeds of some intercity trains between Beijing and T

ianjin, while also canceling a number of services due to strong winds and significant rainfall.

The heavy rainfall and thunderstorms will last until 8 pm Sunday, according to the N

ational Meteorological Center, which issued a blue alert for severe weather on Saturday.

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Taiwan-based TSMC, the world’s biggest contract chipm

aker, said its shipments to Huawei have not been affected by the US

ban on the latter’s access to US components, Reuters reported on Thursday.

On Monday, the US Department of Commerce issued a 90-day

temporary license, effective until Aug 19, allowing “specific limited engagement in tra

nsactions involving the export, reexport, and transfer of items” to Huawei.

Some analysts said the US moves against Huawei will lead to strong support for the

unlisted Chinese firm as Huawei is working hard to offset the fallout of the restrictions.

Xiang Ligang, director-general of telecom industry association Information Consu

mption Alliance, said TSMC’s commitment to continue shipping products is of strate

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A possible measure to reduce the hidden debt wou

uld be to separate the government-owned assets from that of the companies and let the State-owned businesses run by thems

elves, said experts close to the matter. This is particularly so for some public and infrastructure construction proj

ects. But it also means that the local governments will not be undertaking the default risks.

Experts said the minister‘s viewpoint is a signal that the authori

ties are determined to solve the vexed debt issue with more details set to emerge later and star

t a national campaign for preventing systemic financial risks, amid rising external trade challenges.

Other measures could include selling part of the State-owned assets, rest

ructuring the State-owned enterprises, or reorganizing projects, said Liu.

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The industrial internet, education and medical care are ou

r priorities in upgrading internet services in order to boost industrial development, improve acc

ess to quality medical resources and promote fairness in education,” Premier Li said.

Basic telecommunication service providers will be encouraged to further lower prices. The g

oal this year is to cut the average broadband service rate for small and midsized enterprises by 15 perc

ent, the average rate for mobile internet services by more than 20 percent, and roaming charges for inter

net traffic between the mainland and Hong Kong and Macao by 30 percent. A “floor-price” rate will be set for low-income and elderly populations.

Basic telecommunication service providers will be urged to ensure that cellphone users n

ationwide can switch service carriers without changing phone numbers by the end of November, and any e

xtra term required for this service will be looked into. These companies will also be urged to straighten out their service pa

ckages to trim the packages available by more than 15 percent within this year, bringing more benefits to consumers.

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He said it is key for scientists to communicate with gov

ernment officials to create better planning and new solutions, and more inte

rdisciplinary research into natural disasters and risk management is also helpful.

China is in the midst of implementing a host of reforms, which are focu

sed on opening up its economy to foreign competition and strengthening its private sec

tor. They are needed to upgrade its industries and avoid the dreaded middle-income trap.

Many of these reforms are exactly what the United States is asking for in the trade negotiations, but China

is actually pursuing these reforms primarily to achieve its own long-term internal economic goals.

One standard goal is to create a “level playin

g field” so that foreign companies can compete against domestic companies in each country.

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It carries historic meaning that the forum is held in Ch

 China this time. The future of China and Asia is closely related to the Arctic and I’m delighted to see China actively participating i

n Arctic-related dialogues and collaborations with a constructive attitude,” said Grimsson, president of the forum.

Around 500 ambassadors, scholars and entrEditor’s note: Many Chines

e moms tend to get angry when helping their kids do homework. So stressed out are some mom

s that one suffered a heart attack and ended up in a hospital last year. Why do Chinese mothers get so tense when it comes

to their kids’ education, and what should be done to ease their nerves? With Mothers’ Day just a day away, two experts share thei

r views on the issue with China Daily’s Yao Yuxin. Excerpts follow:epreneurs from home and abroad as well as representatives of Arctic indi

genous organizations participated in the forum, which runs through Saturday. Topics included “Polar Silk Road”, sci

ence and innovation, transportation and investment, sustainable development, ocean, energy and governance.

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With its story set entirely in Shanghai, the English version

 features the voices of action superstar Jackie Chan and Constance W

u, who is best known for the 2018 US romcom Crazy Rich Asians.

South Korean producer Hongjoo Ahn, the creator of The Nub Job franchise and a speaker at the festiva

l’s master class, reveals that he is currently working on two animated films with strong connections to China.

One is Mean Margaret, a China-US production based on the

novel of the same name by American writer Tor Seidler. The other is Songhua, an original sto

ry inspired by the annual ice festival in Harbin, the capital of Heilongjiang province.

“We have been working closely with Chinese animation talents and studios for many years. We have seen an amazing pa

ce of growth in this industry. The cultural and technological advancements are leading us into a golden age where we c

an create content based on Chinese stories that we feel can play globally,” says Ahn.

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