Regulator warns four cities to keep property pricescheck

hina’s housing r上海龙凤1314品茶微信egulator has warned four Chine

se cities over price rises in the past three months, the Economic Observer reported.

Local governments of Foshan, Suzhou, Dalian and Nanning were urged by the Ministry of Housing and Urban-Rural Dev

elopment to stabilize land and housing prices as well as market expectations.

This came a month after six other cities were also warned over similar reasons on April 19.

Zhang Dawei, chief analyst with Centaline Property, said 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 increases

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

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

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No approaches to regional issues should resort to mili

tary blocs, nor should they undermine the interests of others,” Wei said.

He called out the United States for its military support to Taiwan and naval operations in the

South China Sea, saying they have undermined China’s national sovereignty and territorial integrity.

China resolutely follows the path of peaceful development and this commitment is ensh

rined in the constitutions of both the Communist Party of China and the People’s Republic of

China, Wei said. “If this is not convincing enough for some people, nothing will be.”

Moreover, China adopts a military strategy of “active defense”, with emphasis on self-defe

nse and post-strike response. The strategy’s purpose is entirely for self-defense and coping with se

curity threats using a reasonable and appropriate defense expenditure, he added.

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The colors of the renovated rooms were chosen to repres

sent the works they host: green, inspired by the drapery and wall hangings seen in numerous Venetian R

enaissance paintings, and dark grey for the Florence school, echoing the stones used to build the famed gallery itself.

Federico Barocci’s huge Virgin of the People (also known as Ma

donna del Popolo) has been placed in the Hall of Pillar, whose light-painted walls recall the

atmosphere of a church. The room hosts a collection of altar pieces of the counter-reformation period.

The total cost of the renovation was around 700,000 euros ($780,000). The amount includes $100

,000 for the Venus of Urbino room donated by the nonprofit association Friends of the Uffizi Galleries.

An individual member of the association, named Trish Savi

des, contributed $15,000 to the renovation of Lorenzo Lotto’s Holy Family.

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Any speculative activities to short the RMB will suf

The RMB’s daily trading reference, or the central parity for onshore trading, has been stabilized ar

ound 6.89 per dollar for eight days from May 20, and market watchers said market-oriented depreciation pressure was losing steam.

Yi Gang, the central bank governor, has said several times that the PBOC has ceased dir

ect intervention in foreign exchange markets, and the performance of RMB is addressed mainly by market forces.

General Wei Fenghe, China’s defense minister, will attend the coming Shangri-La Dialogue set to

open on Friday in Singapore according to Senior Colonel Wu Qian, spokesman for the Defense Ministry.

Wei’s attendance will be the second time China has sent its defense mini

ster to the international security forum held by the London-based think tank International Insti

tute for Strategic Studies. The first time was in 2011, when General Liang Guanglie took part and delivered a speech.

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President Xi Jinping visited the JL MAG rare-earth Co

 on May 20 in Ganzhou, Jiangxi province, during a three-day inspection tour.

Xi learned about the rare-earth industry’s development in Ganzhou, a major producer of rare-earth resources and products

in China. During the seven trading days from May 20 to Tuesday, the A-share listed company hit the 10 percent da

ily upside limit six times, with its share price rising by 90 percent after closing on Tuesday.

xperienced climbers and guides called for alpinists without adequate training to think tw

ice before taking on the world’s highest peak, especially during a crowded climbing season.

As of Tuesday, the death toll of climbers attempting to reach the summit of Qomolan

gma — known as Mount Everest in the West — reached 11 during this climbing season. Nine died on the Nepali s

ide and two on the north face of the mountain in China’s Tibet autonomous region, according to media reports.

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Chen said the US is “disrupting the world order, weaken

Stephen Roach, a faculty member at Yale University and former chairman of Morgan

Stanley Asia, said the US government “blamed others for economic problems that are very much of its own making”.

There are plenty of realistic options for resolution between the two co

untries, Roach said in a recent article contributed to Beijing-based think tank China Watch. For

instance, he suggested, the US and China should take the lead in forging a global cyber accord.

“While additional tariffs from both US and China

will weigh on China’s growth outlook, we expect policy measures to offset so

me of the negative impacts,” said Tommy Wu, a senior economist at Oxford Economics, a British think tank.

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urged to avoid more damage to China tiesonly

Beijing urged Washington on Saturday “not to go too far” in harming China’s interest

s, and called for it to change course to avoid further damaging bilateral ties.

China firmly opposes the United States’ recent remarks and actions that harmed China’s interests, in

cluding its resorting to political means to suppress normal operations of Chinese companies, State Coun

cilor and Foreign Minister Wang Yi said in a phone call with US Secretary of State Mike Pompeo.

History and reality show that China and the US both benefit f

rom cooperating with each other, while both suffer from bilate

ral conflicts, and cooperation is the only proper choice for the two major countries, Wang said.

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developed chips for base stations, basebands and chipsets

powered by artificial intelligence.Services will be provided based on the results of a survey of 81 countries

China will offer customized data services for disaster prevention thr

ough its Fengyun meteorological satellites for more countries along the Belt and Road, said a

senior official of the China Meteorological Administration’s National Satellite Meteorological Center.

The services will be provided based on the results of a survey of 81 countries. By the end

of April, 22 countries, including Afghanistan, Pakistan, Iran, Russia, Libya and Sudan, had responded to the survey.

“From chips to its self-developed operating system, Huawei has long been preparing for in

dependent research and development in core technologies. It has the ability to adjust to changes in the glo

bal market,” said Xiang Ligang, director-general of the Information Consumption Alliance.

Huawei has also made preparations with core chipsets. Existing stocks

are thought to provide the company with a buffer of six months to a year, he said.

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Lee Byong-hyun, chairman of the executive board of UNE

said at the session’s opening ceremony that multilateral cooperation is crucial in tackling local, regional and global issues.

“My experience has taught me that the key for the success of international cooperation is dialog

ue,” he said. “This requires being curious about others, willing to open up and ready to listen with real engagement.”

Chen Baosheng, minister of education, said civilizations are enriched by exchanges, in which people learn from each other.

“To promote the world’s peaceful development, we need to see more and think more in light of protecting diverse Asian civiliza

tions. It’s encouraging to hold a more inclusive and modest attitude about equal dialogue among Asian civilizations.

“We need to keep the principle of amity, sincerity, mutual benefits and inclusive

ness in mind to make the dialogue among Asian civilizations an inspiration to the world an

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ess. And the China-proposed Belt and Road Initiativ althoug

ugh criticized by much of the West, and the US in particular-could bring dramatic

improvements in physical and digital connectivity to Central Asia and parts of Africa.

Further advances in critical infrastructure will create important growth opportunities for developing countries via e-commerce, mobile paym

ents, and related financial services. The experience of China suggests that these digital platforms, and the ecosy

stems that develop around them, are powerful engines for incremental, highly inclusive growth.

China, of course, is a very large, homogenous market. If smaller, lower-income developing countries are to bene

fit from equally rapid inclusive growth, the digital platforms will have to be regional and international in scope.

Some are starting to emerge. Jumia, a Nigeria-based e-commerce

platform covering 14 African countries, recently went public on the New York Stock Exchange, am

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