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Wang Peng, deputy head of think tank China Center for

 Information Industry Development, said Huawei’s chip making arm HiSilicon can help Huawei ensure the s

ustainability of its business to some extent, and its chip stocks “are expected to provide a buffer of six months to a year”.

Huawei said it procured around $70 billion worth of components and services from i

ts 13,000 suppliers worldwide last year, with roughly $11 billion coming from US suppliers.

The US has been voicing the “national security threat” of using Huawei products.

French President Emmanuel Macron said on Thursday that France will allow Huawe

i to build its 5G network infrastructure while preserving national security, according to Xinhua News Agency.

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Move shows Beijing’s resolve to safeguard its interests

China said late on Monday that it will increase tariffs on the bulk o

$60 billion of US imports to three categories of rates between 10 percent and 25 percent.

For the rest of the US imports, the duty rate remains at 5 percent, acc

ording to a statement released by the Customs Tariff Commission of the State Council.

The tariffs will hit around 5,000 products such as food, chem

icals and auto parts, and are due to take effect on June 1, the commission said.

In a separate statement on Monday, the commission said i

t will be open to tariff exemption applications for part of qualified US imports.

This is China’s latest response to the additional US tariffs on $200

billion of Chinese goods, which were implemented on Friday morning.

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We believe that these things are major issues of prin

ciple. So every country has important principles, and we absolutely c

annot make concessions on such issues of principle,” the vice-premier said.

Liu, however, added that he hoped both sides would exhibit flexibility in the talks.

He refuted the criticism of the US side that China reneged on its promises in the draft trade text.

“We believe that it is only natural to have changes before a final deal; it is something that surely occurs in the process, so we

don’t think the Chinese side has back-walked,” he said, adding that he disagreed with the wording of “renege”.

“We just had differing views on how to phrase some things in t

he text, and we hope to resolve it, so it’s unnecessary to overreact to the issue,” he said.

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Sino-US talks on trade seen as productiveeets with U

Negotiators from two sides aim to meet next week in Washington to continue

Vice-Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven M

nuchin met in Beijing from Tuesday to Wednesday for the 10th round of trade talks between China and the United States.

The two sides are working on putting bilateral trade on a stronger footing, and the lat

est meetings were productive, Mnuchin wrote on his Twitter account, without giving details.

A Chinese team is scheduled to visit Washington next week for another round of talks, Xinhua News Agency reported.

Liu is also a member of the Political Bureau of the Communist Party of China Cent

ral Committee and chief of the Chinese side of the China-US comprehensive economic dialogue.

ypidv.cn

Seven arrested as Sri Lanka bombings death toll rises to 207

The death toll from a rash of bombings at churches and hotels in Sri Lanka rose past 200, police and local media said.

“Altogether we have information of 207 dead from

all hospitals. According to the information as of now we have 450 injured peop

le admitted to hospitals,” Police Spokesman Ruwan Gunasekera told reporters in Colombo.

Altogether eight explosions have ripped through the country so far, with six blasts hitting in t

he morning and two in the afternoon. The curfew has been imposed from 6 pm Sunday to 6 am local time on Monday.

The Morning explosions occurred when hundreds of worshipe

rs gathered at churches to commemorate Easter Sunday, the police said.

Police spokesperson SP Ruwan Gunasekara said two explosions were reported fro

m St. Anthony’s Church in Kochchikade in capital Colombo and another church in Katana on the outsk

irts of the capital; a third explosion was reported from a church in Batticaloa in the east.

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It’s regrettable that the US treats academics like me in

such an unfriendly and offensive manner,” Wang said, adding t

hat Washington’s decision shows that the country has become an “oversensitive and

paranoid one which has a lack of confidence in dealing with diplomatic relations”.

A number of Chinese social scientists have had similar experiences when their US visas were revoked.

Zhu Feng, executive director of the China Center for Collaborat

ive Studies of the South China Sea at Nanjing University, told the Global Times news

paper in Beijing that his 10-year US visa was crossed out by FBI agents, canceling it, whe

n he was about to board a flight back to Beijing at Los Angeles International Airport in March 2018.

Zhu said the FBI first threatened to revoke his visa if he did not cooperate with their inquiry.

“‘Go back to China’,”Zhu recalled an agent telling him during that visit. “You will receive a notification.”

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Top economic planner bullish on reaching annual growth

China’s economy, despite headwinds, has enjoyed a good start in the first quarter of 2019, and the country has the confide

nce to achieve the annual projected growth goal, said the country’s top economic planner.

“The first quarter’s stable economic development has laid a solid foundation for the an

nual growth,” said Yuan Da, spokesperson with the National Development and Reform Commission.

“The economy has stayed on the track of steady growth. We have the confidence, conditio

ns and capability to meet the projected targets for economic and social development this year.”

Yuan made the remarks at the NDRC press conference on Thursday in Beijing.

According to data from the National Bureau of Statistics, China’s economy expanded at a faster-than-expected 6.4 perce

nt year-on-year in the first quarter. The growth was unchanged from that in the fourth quarter in 2018.

www.9402267.org.cn

The bond pricing mechanism will be further improv

Under a pilot scheme, the first group of six provinces and cities sold 6.8 billion yuan in bonds

at commercial bank counters to individual buyers between March 22 and early April.

The coupon rates are between 3.01 percent and 3.33 percent, higher than treasury b

onds issued by the central government as well as bank deposits with the same maturity.

Gross local bond issuances hit 1.18 trillion yuan in the first qua

rter, compared with only 219.5 billion yuan in the same period last year.

The total quota for 2019 local government bond issuances is 3.08 trillion yuan, according to the Ministry of Finance.

“About 60 percent of the bonds were issued for ongoing construction, especially

for shantytown renovation projects, railways and roads,” said Hao Lei, head of the ministry’s Budget Department.

While debt financing continues to grow, the government is experiencing sharp declin

es in fiscal revenue growth, especially from tax and land sales, official data showed.

xxxct.cn

schedule must not be imposed on workersschedule

Editor’s note: The “996” schedule (working from 9 am to 9 pm, six

days a week) has sparked a heated public debate, because many workers don’t get any ove

rtime pay and, worse, could end up in the “”. The “996” phenomenon is rampant in the high-tech and internet compani

es. Some internet company chiefs have added fuel to the debate by saying they want their workers to “work hard”. T

hree experts share their views on the issue with China Daily’s Yao Yuxin. Excerpts follow:

Labor Law should never be violated

Given the fierce competition in the high-tech sector industries, start-

ups have to take drastic measures to survive, let alone thrive. To develop new products, and pr

oduce and market them, companies need a great deal of resources and ski

lled manpower. Perhaps this is the reason they make their employees work overtime.

But forcing the “996” schedule on the workers is illegal. To p

rotect the rights of workers, the Labor Law stipulates that employers

should not force their workers to work more than eight hours a day, or more than 44 hours a week. If emplo

www.changjiangjiaoxiang.cn

BRI winning hearts and minds in Azerbaijanative to

“The Belt and Road Initiative proposed by President Xi Jinping in 2013 has touc

hed the hearts of the Azerbaijani people, as the restoration of the ancient Silk Road i

s for the benefit of the entire world, and the development and prosperity of all countries,” Hajiyev said.

“The Belt and Road Initiative is not imposing anything on anyon

e, it just provides a framework for mutually beneficial cooperation,” he added. The fundam

ental features of the Belt and Road Initiative are that every country knows how to de

velop in their own way. As China and Azerbaijan have a strong traditional friendship, Hajiyev believes the init

iative will provide immense opportunities to bring China and Azerbaijan closer.

According to Hajiyev, Azerbaijan fully supports the initiative, and

is building new bridges of cooperation and frien

dship. “We are looking forward to the second Belt and Road Forum for International Co

operation at the end of this month, and Azerbaijan will actively participate in this high-level event,” he said.

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