utual trust also is growing between China and countr

utual trust also is growing between China and countr

ntries in the region due to joint efforts. The overall situation in the South China Sea is stable and becoming better, Shao said.

“Countries from the region have the will, wisdom and capability to manage differences an

d jointly promote peace, thus transforming the area into a sea of peace, friendship and cooperation,” he said.

On the Korean Peninsula question, China insists on denuclearizin

g the peninsula, and solving issues through dialogue and consultation, Shao said.

“China has consistently, seriously, fully and rigorously implemented the

United Nation’s resolutions regarding the peninsula,” he said. “China also is willing to w

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The US Treasury removed India from the watch list, whil

The US Treasury removed India from the watch list, whil

Chinese authorities have not used the exchange rate in prior easing cycles to support growth, and they are unlikely to do so now, as this could pose mac

roeconomic stability risk,” said Andrew Fennell, lead sovereign analyst for China at Fitch Ratings.

The world’s second-largest economy maintained its foreign exchange

reserves at $3.095 trillion at the end of April. The reserve amount was stable, although it sli

ghtly retreated from $3.098 trillion at the end of March, according to the State Administration of Foreign Exchange.

Li Yang, director of the National Institution for Finance and Development of th

e Chinese Academy of Social Sciences, said that China is unlikely to sacrifice foreign exchange reserves to def

end its currency, even if depreciation pressure rises amid any escalation in trade tension.

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Chinese investment in the United States is creating go

Chinese investment in the United States is creating go

ood jobs in areas that are poor, where good jobs are needed,” he said. “We should celebrate that advancement of econ

omic opportunity in the United States. And similarly, we should expand US investment in China.”

US goods exports to China declined by 7 percent in 2018, as trade disputes between

the two economies began to bite, but still outpaced growth in exports to the rest of the world over the past decade, ac

cording to the 2019 State Export Report released earlier this month by the US-China Business Council.

The report said China continued to be important to US economic growth, supporting more than 1.1 million jobs.

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Fifty percent of the enterprises affected by those addition

Fifty percent of the enterprises affected by those addition

nal tariffs are foreign funded. Many of them are US companies whose primary market is in the United States, Wang said.

The recent US moves “abruptly interfere with” the normal order of th

e global integrated circuit industry and undermine its stable development, he said.

China’s chip industry has grown on average 20 percent annually since

2012, with sales revenue reaching 653.2 billion yuan ($94.7 billion) in 2018, Wang said.

He conceded that there is a significant gap between China and global leaders in the overall design, manu

facturing, testing of the relevant equipment and raw material processing for integrated circuits.

The tariff hikes will bring troubles in China’s overseas manufacturing market, but they

will not lead to a decline in China’s manufacturing sector, Mei Xinyu, a researcher at the Chines

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Data from the US Census Bureau showed that bilater

Data from the US Census Bureau showed that bilater

eral merchandise trade between the two

countries has declined by more

than 15 percent since September 2018, when the second round of tariffs went into effect.

“This has also impacted global value

chains in East Asia and other trading partners,” the report said.

“We’ve seen the trade tariffs that have

been introduced on both sides have already been damaging trade,” said Dawn Holl

and, chief of the Global Economic

Monitoring Branch in the UN Department of Economic and Social Affairs.

Holland said the adverse effects of trade tensions on economic growth in China “has been partly offset by some stimulus measures”.

According to the report, growth in China is projected to moderate gradually from 6.6 percent in 2018 to 6.3 percent in 2019, and 6.2 percent in 2020.

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employment, especially for college students, is of great

employment, especially for college students, is of great

importance for economic development and social stability.

To better secure the employment of

graduates, government at all levels issued policies to redu

ce discriminatory practices these new

graduates may encounter when hunting for a job.

For example, the Ministry of Human

Resource and Social Security said in February that employees are not allowed to def

ine positions based on gender or to ask for a female job-seekers’ marital status, to protect women’ rights in the job market.

Also, the Ministry of Education required colleges to reinforce campus recruitment activ

ities, prohibiting discriminatory information concerning gender, nationality and college levels.

According to the ministry, the number of college graduates is projected to reach a record high of 8.34 million this year, up by 140,000 from 2018.

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Zhang Dawei, chief analyst with Centaline Property, sai

Zhang Dawei, chief analyst with Centaline Property, sai

id the main reason behind this is the real estate market in some cities is at risk of going out of control, and the land market shows signs of overheating.

China’s house prices continued to stabilize despite slight increa

ses in April, according to the National Bureau of Statistics. Sixty-seven out of the 70 major Chi

nese cities saw an increase in the number of newly built homes that were sold in April.

On a month-on-month basis, new home prices in Dalian and Nanning rose 0.7 percent and 0.9 percent, re

spectively. On a year-on-year basis, new house prices in these cities grew 13.2 percent and 11.5 percent, respectively.

Although excluded from the 70 major Chinese cities surveyed by the N

ational Bureau of Statistics, Foshan and Suzhou also saw a surge in home prices in April.

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Many countries along the Belt and Road have high moun

Many countries along the Belt and Road have high moun

tains, deserts, oceans and a lack of accurate meteorological information. The number o

f meteorological disasters in the regions is more than double the global average, the administration said.

Wei Caiying, deputy general-director of the National Satellite Meteoro

logical Center, said that real-time disaster monitoring by meteorological satellites coul

d provide these countries with a scientific basis for disaster prevention and reduction.

“Weather-related disasters such as typhoons pose a threat to life and property. T

racking their path could help local authorities decide how to proceed with evacuations,” she said.

In addition to real-time monitoring, the China Meteorological Administration set up the Emergency Support Mechanism for int

ernational users of Fengyun satellites last April, which covers disaster prevention and mitigation.

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Customs cooperation to take aim at IPR violationsnd inter

Customs cooperation to take aim at IPR violationsnd inter

China will expand international cooperation in enforcing intellectu

al property rights to facilitate trade and create a favorable business environment for ente

rprises from China and overseas, a customs official said on Wednesday.

Cooperative customs mechanisms have been establ

ished in more than 130 countries and regions, with more than 190 agree

ments signed, including with major trade partners such as the United States, the European Union, Russia, Japan

and South Korea, said Jin Hai, deputy director for general affairs at the General Administration of Customs.

To more effectively fight crossborder violations of intellectual property rights, Chinese cust

oms will improve information sharing and exchanges of data with other countries and regions.

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Fertility rates, meanwhile, remain astonishingly high in

Fertility rates, meanwhile, remain astonishingly high in

n some countries, especially in Sub-Saharan Africa. In a few of the poorest-Niger, Mali and th

e Democratic Republic of Congo-the rate is 6-7 children per woman. The resulting flood of new ent

rants to the labor market is far outstripping the number of jobs available.

Empowering women key to meeting challenge

No known growth model can accommodate or keep up with this k

ind of demographic surge. Even sustained economic growth of around 7 percent per year

won’t be enough. And although fertility tends to decline as incomes rise, that does not happen immediately. Em

powering women, therefore, may be the most effective way of starting to address the challenge.

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