hina should aim to be上海夜网品茶微信ortant player in

conveying cultu上海夜网品茶微信ral values in the global film market in fu

ture, he adds, but for now it should focus on cultivating talent and polishing stories.

Ren Zhonglun, chairman of the Shanghai Film Group, says the slowdown

could also become a turning point to rebuild a better future for the local film industry.

“The slowdown will make us think more about how to shape Chinese ci

nema’s own style and appeal, instead of hurrying up to catch up with the United States,” says Ren.

“Movies are always about people and their stories. I believe a good film, no matter

what genre it falls in, should be thought-provoking and artistically creative,” he adds.

www.hmijw.cn

hina’s economy has generally maintained stable growth

 this year, a上海夜网品茶微信nd the central government will take a series of significant measures to promote high-quality economic development, Liu said.

Huang said China should be cautious about the impact of the slowing global growth and also hold some measures in reserve.

“If we use up all the ammunition, what are we going to do in a coup

le of years if the global economy suffers greater downturns, as some expect?” he asked.

Yi Gang, governor of the People’s Bank of China, the central bank, said

on Friday that interest rates and reserve requirement ratios still have “plenty of ro

om” for adjustment, but the monetary policy will remain “prudent” and should be “sober-minded”.

A flexible RMB is good for the Chinese and global economy, and the PBOC is not interv

ening in the foreign exchange rate market, Yi said. “I hope this situation will continue.”

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The meeting highlighted the importance of strengthen

 innovative capabilities as well as opening-up and cooperation in this regard, and called for improving the services and

environment for opening-up and cooperation so that development is promoted through opening-up, inn

ovation is advanced through reforms and win-win results are achieved through cooperation, it said.

Tough and newly emerging problems should be resolved through deepening reforms, the statement said, adding that the

capability of dealing with challenges and preventing risks should be intensified.

The meeting required Shanxi province, a coal-abundant area in North Ch

ina, to conduct pilot reforms in its energy industry and take the lead in the whole cou

ntry in areas such as promoting clean and low-carbon energy use and enhancing innovatio

www.sjhtjn.cn

ic importance to Huawei. “TSMC produces most of H

uawei’s chips. Only with its cooperation is it possible for Huawei to have a Plan B in stocking

in-house processors in order to offset fallout from the US ban on its access to US chips,” Xiang said.

He said the move by Panasonic also showcases that the Japanes

e tech company is not willing to surrender to political pressure from Washington, after ear

lier reports that it had stopped shipments of certain components to Huawei. The firm bought $6.3 billion wort

h of products including batteries and electronic components from Panasonic in 2018, according to Nikkei Asian Review.

United Kingdom-based mobile operator EE said on We

dnesday that its 5G network in the UK would rely on equipment made by Huawei.

www.xzzygk.com

Nevertheless, it is difficult to separate cyclical elements

and external shocks from the long-term trend and to conclude that China’s potential growth rate really is 6-6.5 percent.

Many Chinese economists cite long-term supply-side structural factors-such as demographic agi

ng, environmental degradation, and a lack of progress on reform-to argue that China has simply en

tered a new stage of development, characterized by significantly lower potential growth rates.

Structural factors don’t explain falling growth rate

While this may be true-everyone in China agrees that 9-10 perce

nt annual growth rates are a thing of the past-there is no clear indication of how much Chin

a’s growth potential has actually declined. Long-term supply-side structural factors do not explain, for exam

ple, why the growth rate fell from 12.1 percent in the first quarter of 2010 to 7.4 percent in the third quarter of 2013.

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China’s tech heavyweights said the digital economy ha

s become a driving force behind economic growth, and interne

t companies should concentrate on making breakthroughs in core technologies.

“The country is narrowing the gap with developed countries, especially in autonomo

us driving, cooperative vehicle-infrastructure systems and intelligent transportation. We started a little late, but o

ur pace is faster and our potential is bigger,” said Robin Li, chairman and CEO of leading Chinese search engine Baidu Inc.

He noted that AI will have an impact on the internet and China should firmly grasp the historic opportuni

ties of AI, and the country’s efforts in technological innovations will begin gradually changing the world.

Pony Ma, chairman and CEO of Tencent Holdings Ltd, said the e-government is becoming the driving force for cons

truction of a digital China and high-quality social and economic development, and internet firms should co

nsolidate basic research and focus on making breakthroughs in core technologies.

www.hheeh.cn

This issue is similar to the environment. External critics

ent. External critics of China don’t appreciate that Chinese themselves realize there

are issues to be addressed. They are doing so. These developments should be encouraged.”

President Xi Jinping, who spoke at the Second Belt and Road Foru

m for International Cooperation in Beijing recen

tly, listed areas in which China will improve the environment for foreign investment.

The president said the nation will work hard to create a business environ

ment that respects the value of intellectual prop

erty, will improve the legal system for IPR protection at all levels, will strengthen law enforcement and pr

otection for the legitimate rights and interests of foreign IP owners and will bar the

forced transfer of technology, improve protection of trade secrets and crack down on infringement.

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The Belt and Road Initiative, which originated in C

 China but belongs to the world, has become an open and inclusive platform for international cooperation and a well-recog

nized global public good thanks to the concerted efforts of the parties involved, Xi said.

Calling think tanks significant forces for Belt and Road constructi

on, the president said developing think tank exchanges and cooperation helps deepen mu

tual trust, unite consensus and promote the BRI to achieve high-level development.

He expressed the hope that the think tank network would develop in-depth academic exchanges to promote solid coope

ration under the BRI and contribute to the building of a community with a shared future for mankind.

Also on Wednesday, a ceremony to mark the release of the English and French editions

of a compilation of remarks by Xi on the Belt and Road was held in Beijing by the State Council Information Office.

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hinese Navy to send huge fleet to take part in sea parade

Qiu Yanpeng (middle), deputy commander of the PLA Navy, attends a press confer

ence for the upcoming multinational naval activity to mark the 70th anniversary of the People’s Liber

ation Army Navy at the press center in Huanghai Hotel in Qingdao, Shandong province, Ap

ril 20, 2019. About 200 journalists from home and abroad attended the press conference.Chinese Navy

will send 32 warships and 39 aircraft to take part in a joint sea parade in waters near Qingdao.

Nearly 20 ships from about 10 countries will participate in t

he sea parade on Tuesday, deputy commander of the PLA Navy Qiu Yanpeng said.

A Singapore Navy frigate arrived on Friday in Qingdao, Shan

dong province, becoming the first foreign warship to arri

ve ahead of a grand event to honor the 70th birthday of the People’s Liberation Army Navy.

The PLA Navy will hold multinational naval activities in Qingdao and nearby waters from

Monday to Thursday to celebrate its founding anniversary. They will include a joint sea parade, high-level sympo

siums, public tours of ships, military music performances and other cultural exchanges.

www.olyfwg.cn

If the nose of the Boeing Max 8 model rises, threaten

ning a midair stall, the MCAS system automatically points the plane’s nose down

to gain speed needed to stay aloft. Boeing added larger, more fuel-efficient engines to upgr

ade the existing 737 airframe to compete with European rival Airbus. The new engines are positioned close

r to the fuselage, changing the aircraft’s aerodynamics and pushing the nose up in certain conditions.

Boeing created MCAS to make the new Max planes handle more like previ

ous versions of the 737, a popular model used by airlines around the world. Some in the aircra

ft industry, including pilots, have said Boeing did not provide adequate notice of the new plane’s flight ch

aracteristics or how to shut off the new anti-stall device if necessary. A group of pilots in

dependently compiled and circulated a 13-page manual about the new system. Oth

ers have said Boeing provided adequate notice of the changes and how to disable MCAS.

The version of MCAS installed on the Ethiopian Airlines pl

ane had relied on information from one sensor that sent back bad information.

www.osmsxl.cn