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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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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Beijing still open to talks, but will not bow to tariffs: China Daily

ith China retaliating in kind to the United States hiking the existing “punitive” tariffs on Chinese go

ods, the world was not left long in suspense wondering how Beijing would react to Washington putt

ing the kibosh on what was evidently an impending trade deal in such a high-handed manner.

With hindsight, it is easy to see that despite the product

ive efforts of the two negotiating teams, such a scenario was perhaps inevitable.

The US administration has made it clear on more than one occasion

that it wants to halt China‘s development in its tracks and therefore it is questionable whether it

has any real interest in striking a trade deal that is not tilted entirely to its advantage.

While Beijing, on its part, has consistently responded to Washin

gton’s attempts to turn the screws on it by each time giving it a sharp rap across the knuckles.

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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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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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China has also recently announced a strengthened reg

gime of intellectual property rights protection. Again, this is what foreign negotiat

ors are seeking, but also is important for China’s own economy as it transitions to being a technology leader.

Trade agreements can affect the types of goods being traded and they can redirect trade toward one c

ountry, away from others. They cannot directly affect any country’s worldwide current account bal

ance. A country that saves less than it invests will have to borrow foreign funds to import foreign goods to make up that difference.

There are two ways to reduce the US trade deficit. A serious recession would reduce investme

nt, but nobody advocates that as a strategy. The only other path is to change the US financial and gov

ernment system to encourage increased savings. China has almost nothing to do with it.

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US soy farmers call for cool-down of trade tensions

US soy farmers have urged Washington to work for a positive solution to the current tarif

f dispute with the world’s top oilseed buyer China, and avoid further escalation of trade tensions.

In a statement released late Tuesday, the American Soybean Association (ASA) described the t

hreat by US President Donald Trump’s administration to increase the tariff rate from 10 percent to 25 p

ercent on $200 billion worth of Chinese goods as the “worst case” for US soybean growers.

“This is a predicament for soy growers,” said Davie Stephens, ASA president and a soybean farmer from Kentucky.

“With depressed (soybean) prices and unsold stocks fo

recast to double before the 2019 harvest begins in September, we nee

d the China market reopened to US soybean exports within weeks, not months or longer,” he added.

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ide on camels on the Tengger Desert in Zhongwei in the Ning

Chinese bookings for domestic and overseas educational tours during the seasonal school vacation are on the rise, Yang Feiyue reports.

With two months to go before the summer vacation, parents have already gone out of their way to plan ahead for their children.

Since April, many have beaten a path to several brick-and-mortar shops in Beijin

g that are owned by the major domestic online travel agency, Ctrip, the company reports.

“The online views of our summer-vacation study tour products have increased by 120 percent in April as comp

ared with the previous month,” says Zhang Jie, general manager of Ctrip’s study-tour operations.

Zhang expects the number of young travelers who take educatio

nal trips to grow by more than 50 percent compared with the same period of last year.

At the moment, the United States, the United Kingdom, Australia, Japan and Canada are am

ong the most popular foreign destinations for those inquiring about study tours, while Beijing, Gansu prov

ince’s Dunhuang, Shanghai, Shaanxi province’s Xi’an and Jiangsu province’s Nanjing topped the domestic-destination list.

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As the state was looking for innovative ways to tackle

 the Asian carp problem, Kentucky awarded Yu its first-ever fish house contract in fall last year. Under the deal, Yu’s Kentucky Fish

Center will buy Asian carp at a guaranteed price, with part of this coming from a government subsidy.

All fish at the center will be sold by auction to buyers in the US or overseas. S

ales will be overseen by the Kentucky Department of Fish and Wildlife Resources.

Kentucky provided a secured $734,000 fixed-assets loan to help the center begin oper

ating. Additional incentives will be awarded every year based on performance.

The center needs to reach certain goals: to remove 2.26 million kg of Asian

carp from Kentucky waters this year and increase that amount gradually to just ov

er 9 million kg annually by 2024. If those goals are met, the loan will be waived.

The entire program will cost Kentucky about $4 million.

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President Xi’s speech was an assurance to Africa an

 the rest of the world that the Belt and Road Initiative is a helping hand try to help Africa get out of the problems of poor infras

tructure. For me, I think it is very important. And African countries should clap hands for this assistance.

Improving the infrastructure, which is very key in reducing the cost of doing business

in Africa and at the same time creating job opportunities, will help Africa in a few years.

What really interests me is that President Xi talks about the fact that the

initiative boosts the developments of countries along the Belt and Road Initiative.

He talks about the fact that different railways have been built. Some other pipeli

nes have been also constructed. The Belt and Road Initiative has connected many different areas which are very importa

nt. We really need this kind of interconnection. So now countries will become closer due to the Belt and Road Initiative.

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