To make up for the increasing savings gap, the US need

eds to introduce and use more foreign capital, which will further enlarge

the trade deficit. Therefore, the US cannot simultaneously maintain a high growth r

ate, invest massively in infrastructure, reduce the trade deficit and restrict the inflow of foreign capital.

What is really questionable is that, despite its contempt for over-regu

lation of the economy, the US administration has been trying to impose regulations on int

ernational trade, even for its trade partners’ domestic economic management.

Results for US may be unsatisfactory

The US administration’s more often than not conflicting goals have

resulted in the trade conflicts with China and other countries. For instance, China’s exports to t

he US grew 11.3 percent and its trade surplus with the US increased to $323 billion in 2018, up 17.3 percent year-on-year.

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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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The number of captive pandas was 548 globally as of No

All outdoor activities are banned on Monday at all middle and

primary schools, kindergartens and middle voc

ational schools in Beijing, Beijing Municipal Education Commission said via Sina Weibo on Monday.

The move was taken after at least four people died in strong winds a day earlier.

Such activities include flag-raising ceremony, morning exercises and outdoor social practices.

At least four people were killed, more than 50 flights were diverted to other airports and two trains arrived late in Beij

ing on Sunday when strong gales flattened walls, knocked down trees and damaged farms.

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Telecom carriers, chipmakers and smartphone vendors

s in China are ready to commercialize 5G. China will directly grant 5G licenses, instead of the previ

ous plan to give several key cities interim 5G licenses, to better time the rollout,” said a source clos

ed to the telecom industry regulator who asked to remain anonymous because public statements are not authorized.

Michael Gao Wenhao, deputy general manager of the 5G industrial products line at ZTE, disclosed at a 5G conference in

Hong Kong on Thursday that “China is likely to start commercial use of 5G nationwide on Oct 1”.

He told China Daily that he got the information from the country’s major telecom operators.

China said earlier that it was considering a pre-commercial launch of 5G this year, follo

wed by large-scale commercialization in 2020. Miao Wei, minister of industry an

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Weather-related disasters such as typhoons pose a thr

reat to life and property. Tracking 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 Suppor

t Mechanism for international users of Fengyun satellites last April, which covers disaster prevention and mitigation.

So far, 15 countries including Iran and Mongolia have registered as users of the mechanism.

According to the administration, the mechanism can switch the on-duty satel

lite to a quick-scan mode focusing on areas required by users when they are hit by disasters.

“During disasters, Fengyun satellites can scan as often as every five or six minutes. The China

Meteorological Administration could send users cloud images and products via satellites and public clouds,” Wei said.

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Luckin, a Starbucks rival in China, rises in US stock debut

Shares of Luckin Coffee, a fast-growing rival to Starbucks in China, rose 20 percent in their US stock market debut Friday.

The Chinese company, which opened its first store in Beijing less than two years ago, has 2,370

locations and plans to surpass the 3,700 stores Starbucks has in China by the end of the year.

But unlike Starbucks, Luckin is losing money.

It brought in $125 million in revenue last year, but spent much more than

that on coffee beans, store rent and other costs. Last year, it lost $475 million.

Most of Luckin’s stores are small, have few seats and are used mainly as a place to pick up mobile orders.

It also offers delivery in 30 minutes and promises a refund for delays or spilled drinks.

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Gao Feng, director of the ministry’s Economic Crime Inv

estigation Bureau, said that illegal fundraising and related economic crimes remain a serious issue.

Cases involving over 10 billion yuan and more than 1 million investors are frequent, Gao said.

“The spread of illegal economic crimes such as illegal fundraising is also pretty fast.”

To raise public awareness, educational activities were organized this week to mark the 10t

h national awareness day for combating and preventing economic crimes, which fell on Wednesday.

With a focus on combating and preventing illegal fundr

aising and pyramid schemes – two types of crime common in recent years – face-to-face cons

ultations were organized and online presentations were launched to illustrate the methods of illegal fundraising.

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hina plans to boost rural development via digital technologies

hina plans to promote the applications of digital technologies in rural areas to boost local development.

As a step towards rural modernization and transformation, digital rural development plays a

crucial role in rural revitalization and building a digital China, according to the guideline jointly issue

d by the general offices of the Communist Party of China Central Committee and the State Council.

The country has vowed to achieve initial development of building di

gital villages by 2020, with 4G internet accessible to more than 98 percent of the ad

ministrative villages and the digital economy growing rapidly in rural regions, the guideline said.

With the upgrading of internet technology, 2025 will see a n

otable narrowing of the urban-rural digital gap, the establishment of various ent

repreneurial and innovation centers in rural areas, and an intellectual rural logistics system.

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Museums need lot of stuff such as vending machines and au

These kinds of machines are very complicated and benefit customers.

Most of all, students can gain a variety of scientific knowledge and principles through them.

I think art exhibits should be free to the public. I do, however, think twice

a year the museums should host a fundraising event to help pay for the cost of upkeep.

They do it all the time. Wealthy buyers pay $100 for a plate and the proceeds are given to the muse

um. If you decide you want to buy the art, the proceeds should go to the artist, with a fee going to the museum.

That’s why people need to pay admisson fees with regular prices.

However, they can’t run and develop these kinds of things without more budgets.

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Having read out Xi’s letter at the opening ceremony, Li H

ongzhong, secretary of the Tianjin Municipal Committee of the Communist

Party of China, said Tianjin would embrace a new era of intelligence, create a new intelligen

ce-based economy, step up AI cooperation with other countries and speed up the building of an “intelligent Tianjin”.

Li said the city will intensify efforts to boost AI applications in fields of urban management, public services, transportation and logistics, healthcare and security.

Minister of Science and Technology Wang Zhigang said China

is drafting regulations and standards for regulating AI and will publish them soon.

Wang said more effort is needed to make breakthroughs in basic AI theories and core techn

ologies, expand the application fields of AI and further propel the deep integration of AI with various industries as p

art of a broader push to support the development of the real economy and improve people’s livelihoods.

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