hipmakers including Intel, Qualcomm, Xilinx and Broad

roadcom will not supply Huawei until further notice, the report said.

However, blocking components to Huawei could also disrupt the businesses of American ch

ip heavyweights like Micron Technology and slow down the rollout of 5G wireless networks, Blo

omberg said, which in turn could hurt US companies that rely on the Chinese market.

In a Reuters report on Sunday, it said that Google has also suspended business with Huawei requiring the transfer of hard

ware, software and technical services, except those with open-source licenses publicly available.

Google China replied via email that the company is “complying with the order and reviewing the implications”, The Beijing News said.

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The China-US trade disputes have significantly influe

enced the renminbi’s performance, said Wang Shengzu, co-head of Investment Strategy Group Asia Goldman Sachs.

But the currency is unlikely to slip out of a reasonable range, assuming there is no big shock from the trade talks, Wang said.

As a sound base for a stable renminbi, “the Chinese economy has shown sig

ns of bouncing up, shown by the faster-than-expected growth of industrial output, ret

ail sales, and credit in the first quarter, and this means that economic activity is improving with supportive pol

icies”, said Wang.Liu Shiyu, China’s former top securities regulator, was under investigation for alleged violations of

the law, according to a statement Sunday from the Central Commission for Discipline Inspection.

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The US’ monetary hegemony is itself a big impedim

ment to the reindustrialization process, which could be viewed as a sort of financial Dutch disease-the apparent causal relationsh

ip between the increase in the economic development of a specific sector and a decline in other sectors. The more

heated the US stock market gets, the more serious the Dutch disease will become. And, ironically, the US leader is k

een on strengthening the stock market to showcase his political and economic track record.

Besides, the US administration cannot launch large-scale infrastructure construction projects, significantly red

uce the trade deficit with China and deny Chinese investors access to its market all at the same time.

The US’ trade deficit stems from its extremely low national saving

s rate and has to be compensated by other countries’ national savings, which in turn

adds to the trade deficit. On the other hand, China’s efficiency in the manufacturing industry mak

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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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Through its app, customers can watch their coffee being m

Luckin raised $561 million in its initial public offering Friday by selling 33 million American depositary shares at $17 apiece.

The ADS, which are trading on Nasdaq under the symbol “LK,” closed at $20.38 after rising as high as $25.96 earlier in the day.

England – Chinese head coach Guan Jianmin said in Manchester on Friday that Bianca Walkden’s controversial victory

over Olympic champion Zheng Shuyin at the World Taekwondo Championships is a big scandal in the sport’s history.

“I cannot believe this could happen during the world championships,” said Guan, also

President of the Chinese Taekwondo Federation. “This is the first time I have seen such kind of thing.”

Zheng, who had beaten Walkden three times in a row, took a dominant lead of 20-10 in the closing stages of the women’s over

73km category final, but the referee disqualified Zheng alleging she had committed 10 fouls during the bout.

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one right now. It’s the source of a lot of discussion in

Museums are not only there for enjoyment; they are education, and as such should be free.

While I can appreciate the enormous costs involved in maintainin

g and obtaining collections, let the wealthiest 1 percent of the country pay for it.

The Met in NYC is technically free; they ask you to give what you can afford. But the ide

a of a person or child interested in art not being able to view it because of cost is morally wrong.

Free entrance does not attract people, nor does it encourage them to appreciate it.

Sure, there are exceptions to this, but by and large human beings tend to look up to things that are difficult or costly to access.

A better option is to charge fees for regular visitors but provide free ti

ckets as prizes for high-achieving students and others who are likely to appreciate the reward.

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School students and adult visitors learn about making print

In celebration of this year’s International Museum Day, the Palace Museum in Beijing turned itself into a dynamic stage on Saturd

ay and offered a variety of activities to echo this year’s theme, “Museums as Cultural Hubs: The Future of Tradition”.

Students and adult visitors were invited to the museum to learn about making prints and carving stamp seals and to learn about

the appreciation of and technological methods being used in the conservation of the age-old buildings at the Palace Museum.

The Chinese Musicians Association’s choir gave an outdoor performance. An exhibitio

n opened showing dozens of lithographs by artists from countries involved in the Belt and Road Initiative.

Wang Xudong, director of the Palace Museum, says it’s a duty for museums to provide a plat

form for scholars to exchange their academic findings, for artists from different cultural bac

kgrounds to show their work and boost mutual respect, and for children to pass traditions into the future.

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Booing drowned out any cheers from British fans as Walk

den was announced as the winner and Zheng refused to acknowledge the Briton’s victory

before sensationally collapsing on the podium and leaving the competition area in tears.

“I have been doing this sport for 16 years, but this is the first time I have realized that a taekwondo match could be played like this.

Zheng, competing in her fifth world championships, said on hea

ring the British national anthem playing, she felt too weak to stand on the podium.

“I felt very guilty for not winning the gold for my coach, my teammates and my country. We h

ave been working so hard for this world championships. It is the biggest event before the Tokyo Olympic Games.”

“Many fans came up to console me and some of them are British. I know most people know what is fair play,” Zheng said.

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Its use of state power to throttle the development of a fore

foreign company not only jeopardizes fairness and justice in world trade, it

also poses a tangible threat to the security of 5G networks.

As Huawei said in a statement, “If the US restricts Huawei, it will not make the US safer, nor will

it make the US stronger. It will only force the US to use inferior and expensive alternative equipment.”

Inferior equipment that might be exploited by criminals and terrorists.

That the order is politically motivated rather than for security purposes can be seen from the fact that i

t is merely the latest in a series of moves by Washington targeting Huawei-one of which was particularly despicable.

It has also tried to rally its allies to its cause, most recently at a conference in Prague on May 2-3. But i

t has been unable to persuade them that it is not simply being malicious in pursuit of putting America first.

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hina plans steps to unearth hidden debtments’ hidde

Minister: Innovative financial tools, swaps to help tackle growing problem

Local governments will be urged to leverage financial resources for reducing “hidden debt” and make use

of market-oriented financial instruments for debt swaps, a senior government official said on Thursday.

In a signed article, Finance Minister Liu Kun said it was imperative to bring down the contingent liabilities of local gove

rnments. The minster’s comments also marks a change in the government’s perception about local government debt. The

earlier stance of the ministry was on “controlling the incremental part of the hidden debt”, which is usually debt borrow

ed by State-owned companies and local government financing vehicles, but implicitly guaranteed by the government.

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