industrial internet and the internet of vehicles are am

ong the country’s top development priorities in the telecommuni

cations industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Te

chnology, said on Friday during the World Telecommunication and Information Society Day.

Zhang called for accelerated efforts to set standards in key areas, including 5G, to expedit

e the commercialization of this forefront technology and bolster the nation’s core competitiveness.

Major Chinese smartphone maker Huawei Technologies Co has a

lready unveiled its first 5G chip and first 5G foldable smartphone, the Mate X, which is

expected to hit the market in June, despite challenges involving the United States.

Also on Friday, shortly after the US said it would ban Huawei from buying US t

echnology without special approval, Huawei’s chipmaking arm, HiSilicon, said

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Top regulator says economy set for growthand

Transformation of traditional industries speeding up, riding wave of high tech

The Chinese economy is poised for more vigorous growth after gathering new strength through upgrad

es in traditional industries and accelerating the growth of high-tech industries and emerging sectors.

The country will further expand market access with a nationally unified, annually released and timely adjusted negative list for m

ore market vitality, according to the National Development and Reform Commission, China’s top economic regulator.

Meng Wei, spokeswoman of the commission, said at a media conference on Fri

day that China has made steady progress in cultivating new momentum and promoting t

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China’s determination to expand opening-up and the ong

going reform measures have made its financial market increasingly appealing to overse

as investors,” the administration said on Monday in a statement on its website.

“The administration will continue to support the opening-up of financ

ial markets, meet demand from overseas investors to expand investment in the ma

rkets and attract global long-term capital to enter China’s financial markets,” it said.

Given the stable performance of the yuan and expectations of balanced capital flows, China’s fore

ign exchange reserves remained stable in April, reaching $3.095 trillion by the end of last month, co

mpared with $3.099 trillion by March, according to data released by the administration on Tuesday.

China is willing to see the accelerated development of the onshore capital market, said analysts, allowing direct fi

nancing to play a more significant role in allocating savings and investment, and better serve the economy.

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President mourns plane tragedyafter an emerg enemetyevo

Investigation underway to find out cause of fire that claimed 41 lives at Moscow airport

President Xi Jinping extended condolences to his Russian counterpart Vladimir

Putin on Monday over the victims of a fire on a passenger plane on Sunday in Moscow.

The landing plane was engulfed in flames, leaving at least 41 dead on Sunday at Sheremetyevo Airport.

Xi said in his message that he was shocked that the plane burst into flames as it ma

de an emergency landing at She­remetyevo Airport in Moscow, which led to major casualties.

On behalf of the Chinese government, the Chinese people and himself, Xi extended deep co

ndolences to the victims and his sincere sympathy to the bereaved families and the injured.

Also on Monday, Premier Li Ke­qiang sent a condolence message to Russian Prime Minister Dmitry Medvedev over the accident.

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teps aimed at helping further develop countryside opt

hina will undertake key measures to further integrate the country’s rural and urban areas

and encourage the transfer and free flow of people and resources throughout the nation.

Measures include relaxing hukou (household registration) barri

ers, reforming zoning regulations for rural and residential land, marketing collective land

in rural areas for development purposes and increasing infrastructure spending in the countryside.

Experts said the new plan, announced by the Communist Party of China Ce

ntral Committee and the State Council late on Sunday, is aimed at helping realize steady progr

ess in rural revitalization, driving up the process of urbanization and further boosting the economy.

China has a three-step plan. First, it will initially build a framework an

d mechanism for integrated development of urban and rural areas, and gradually rem

ove limits on hukou registration in cities by 2022. Second, it will bring about an improved framewo

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Other commonly used disaggregated growth meas

ures are consistent with the top-line measured GDP growth number. For example, production and

supply of electricity, thermal power, gas and water increased by 7.1 percent in the quarter. Pl

us, value-added index of transport, storage and post increased by 7.3 percent.

A closer look at the highest growth sectors shows that the economy is moving toward the long-term goal of shif

ting away from a development strategy based on heavy investment in industry and

infrastructure to one based on services and domestic consumption. Also, more productive industries that tur

n out higher-value added goods are growing at a much faster rate than traditional heavy industry.

Among large companies, State-owned enterprises grew 4.5 percent yea

r-on-year while shareholding enterprises grew almost twice as fast, at 7.8 percent. So, stro

ng progress is being made toward the goal of promoting private enterprise, which was re

inforced by many policies announced at last month’s meeting of the National People’s Congress.

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The BRI originated in China but its opportunities an

 outcomes belong to the world, Xi said, adding that the second forum sen

ds a clear message to the world: The BRI will have a brighter future as the circle of its

supporters expands, as good partners increase and as the quality of cooperation improves.

Around 5,000 people from some 150 countries and about 90 international organizations attended the forum.

Participants hailed the BRI as a great initiative for economic cooperation, saying it is conducive t

o promoting connectivity and enhancing international cooperation in fields such as trade, investment and sustainable development.Calling Belt and Road con

struction a path to common prosperity, Xi said that early results from the BRI op

en up more space for global economic growth, build a platform for international cooperation and make new co

ntributions to the building of a community with a shared future for mankind.

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wei Technologies Co posted 179.7 billion yuan in reve

British Prime Minister Theresa May has given the green light to Chinese telecom giant H

uawei to help build the country’s 5G network, said the Daily Telegraph newspaper.

UK’s National Security Council, which is chaired by May, agree

d on Tuesday to allow Huawei limited access to help build parts

of the network such as antennas and other “noncore” infrastructure, the report said.

Huawei is already present in Britain’s existing noncore mobile network, said a Reuters report.

Previously, Huawei said it “poses no threat” and the best way to win trust is thr

ough “transparency” in response to criticism from some in the United Kingdom.

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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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The meetings on Thursday and Friday are all part of

f the 8th Summit of Central and Eastern European Countries & China.

At the China-CEEC economy and trade forum before the leaders meeting, Li called for strengthening trade facilitation and exp

anding two-way opening-up of markets. China is willing to expand imports of goods from CEE nations, particu

larly agricultural products that cater to the demand of Chinese consumers, he said. Trade of farm goods, machine

ry and electric devices should be further boosted and logistics sped up between the trading partners, he said.

Li said trade between China and the 16 CEE nations rose by 21 percent to a record high, de

spite a global trade slowdown. China is willing to strengthen cooperation with CEE nations in infrast

ructure based on market rules and following European Union rules and standards, he said.

Li advocated the great potential for trade and economic cooperation between China a

nd the 16 countries. China-CEEC cooperation is a helpful addition to China-EU ties, he said.

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