Huawei said in a statement on Thursday that restricting t

 company from doing business in the US will not make the US more secure or stronger.

“Instead, this will only serve to limit the US to inferior, yet more expensive alternatives, leav

ing it lagging behind in 5G deployment and eventually harming the interests of US companies and consumers.”

The company said it is ready and willing to engage with the US government to come up with effective measures to ensure product security.

In response to the ban on Huawei buying parts from US companies, the company said such a deci

sion will “do significant economic harm to the US companies with which Huawei does business, affect tens of t

housands of US jobs and disrupt the current collaboration and mutual trust that exist in the global supply chain”.

Wang Peng, deputy head of the China Center for Information Industry Development, said the new US moves will disrupt the whole global electronics in

ustry and hurt a string of US companies that supply chips and other components to Huawei.

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Besides tasting food, such as Beijing roast duck and trad

aditional snacks, visitors can take in a parade involving 28 teams from Asian countries at the main venue, Xu said.

The parade, with singing and dancing, is held twice a day. Members of the public who want

to experience the food festival and parade at the main venue need to register online in advance at www.damai.cn.

During Asian Civilization Week, the public can attend several cu

ltural performances, films or exhibitions with Asian features at lower prices or free.

For example, an Asian arts exhibition will be held at the Beijing 798 Art Zone n

ext week, said Wang Xiuqin, an official from the China Arts and Entertainment Group.

“Our aim is to help more people understand Asian culture and attend related activities,” he said.

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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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attracting talents and capital. This in turn prompts the autho

rities to introduce more favorable policies and regulations for the enterprises bas

ed in the US, which is essentially a combination of representative democracy and market econ

omy. Under such circumstances, how can the US promote sustainable reindustrialization?

Besides, reindustrialization is not possible without rebuilding or strengthen

ing infrastructure facilities. And although the US leader has been claiming to implement a trillion-dollar infrastructure

plan-and even made it one of the pillars of his “Make America Great Again” campaign-not much has come of it.

Another major problem is that the return on equity in the infrastructure sector is a mere 3 percent w

hile that in the US capital market is about 12 percent. So how can the US attract more private cap

ital to the infrastructure sector without guaranteeing a return on equity equal to that in the capital market?

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There is huge consumer demand for internet services in

 our country. We must encourage fair competition, and ensure that

our measures to lower internet service charges are fully delivered as they are an impo

rtant part of our efforts in improving people’s lives,” Premier Li said.Baisu Gulang, a 37-year-old horse hea

d fiddle maker, makes a horse head fiddle in Qian Golos Mongolian autonomous county of Songyuan, Nort

heast China’s Jilin province, May 15, 2019. Under his father’s influence, Baisu Gulang has an ardent love in making and playin

g horse head fiddle, a traditional musical instrument favored by Mongolian ethnic group. He started lear

ning to make horse head fiddle when he was 18 years old. In 2006, Baisu Gulang started a horse head fiddle maki

ng studio where he voluntarily teaches enthusiasts to make and play the instrument besides selling

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total of 12 cities reported month-on-month drops of reso

The Industrial and Commercial Bank of China (ICBC), China’s most valuable brand, topped Forbes’s

newly released annual ranking of the world’s top 2,000 largest public companies for the seven consecutive years.

The State-owned bank, which generated 298.7 billion yuan ($43.5 billion) in net profit last

year, has assets of more than $4 trillion and nearly half a million employees, according to Forbes.

Meanwhile, China Construction Bank, the Agricultural Bank of China and the Bank of China, renowned as the “Big Four” ba

nks in China along with ICBC, also joined the top 10, ranking at third, fourth and eighth places, respectively.

Ping An Insurance Group came in at seventh with a market capital of $220.2 billion, according to Forbes.

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Harmonious co-existence of various civilizations called for

We should leave various civilizations in the world all in full blossom.

There would be no clash of civilizations as long as people are able to appreciate the beauty of them all.

Openness, inclusiveness, mutual learning among civilizations stressed

Exchanges and mutual learning among civilizations should be conducted in a reciprocal and equal ma

nner, and be diversified and multi-directional. They should not be compulsory or forced, or be a one-way flow.

Civilizations should keep pace with times

Innovation should be encouraged to give impetus and vitality to the progress of civilizations.

Asia tourism promotion plan proposed

China is willing to implement an Asia tourism promotion plan with other countries.

Chinese people made more than 160 million outbound trips in 2018 while inbound trips by overseas tourists exceeded 140 milli

on. They are important forces for promoting exchanges and mutual learning among Chinese and foreign civilizations.

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Four Chinese banks ranked among world’s top moneymakers

Four Chinese banks were among the world’s top 10 most profitable companies over

the past year concluding at the end of March, according to a report by Bloomberg.

The Industrial and Commercial Bank of China and China Construction Bank achieved a net in

come of $45 billion and $38 billion respectively over the past year, closely following Apple Inc, which retai

ned its title of world’s biggest moneymaker for the fourth straight year with a net income of $57.2 billion.

The Agricultural Bank of China and the Bank of China were respectively ranked at the

seventh and 10th places in the top profit list, with $31 billion and $27 billion in net incomes.

While financial service companies claimed nine spots among the top 10 most profitable compa

nies, no drugmakers or automotive firms appeared in the list for the first time in eight years, the report said.

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Astle saw constructive long-term positive opportunitie

ities for UK and China businesses transitioning from investment and infras

tructure into an operating phase where British service providers can really benefit.

As a matter of fact, many UK companies have already started to profit by playing

an active part in projects in the countries involved the Belt and Road Initiative.

UK engineering consultancy Mott MacDonald has been working with PetroChina in Iraq

and the UAE, especially in Dubai and Abu Dhabi, for more than 10 years. The Chinese project has h

elped Mott MacDonald make $6-10 million in fee revenue each year over the past decade, said Martin Tai, energy div

ision general manager and team leader of the company’s China Going Out Initiative.

After attending the second Belt and Road Forum for International Cooper

ation in April, Astle said the trend of BRI investment will continue and new opp

ortunities will be generated with green financing, standards compliance and transparency.

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After decades of industrialization, the average level of the

 hard environment in Chinese cities has improved, though space remains for the developm

ent of soft environments. These are key to a city’s business environment, the report said.

Decades ago, university graduates’ artwork was exhibited only for viewing by students and teachers. Today, these exhibi

tions have become a big celebration, not only for denizens of the university, but also the general public.

Tsinghua University’s arts and design academy is currently showing paintings, sculptures, mixed-m

edia works and designs created by postgraduates who will receive their master’s degree in June. The

y are displayed at the academy’s buildings and Tsinghua University Art Museum, through May 30.

The exhibition has not only drawn gallery owners, art dealers, representatives from cultural instit

utions and enterprises who scout for upcoming talent or new additions to their collections; but has allo

wed an audience of the general public to keep up with the evolution of art and broaden their artistic horizons.

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