Substantial and resolute efforts must be made to prevent

?major contradictions and outstanding problems through coordinated planning and targete

d measures to make reform better serve the country’s economic and social development, Xi said.

The meeting reviewed and approved a series of official documents including a guideline on innovation and improving ma

cro-regulation, as well as a guideline on strengthening opening-up and cooperation in innovation capacity.

The meeting called for taking the supply-side structural reform as the main task, making coordinated efforts to stabilize eco

nomic growth, promoting reforms, readjusting the economic structure, improving people’s livelihoods, pr、

eventing risks, and ensuring social stability, according to a statement issued after the meeting.

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The meeting required Shanxi province, a coal-abundan

t area in North China, to conduct pilot reforms in its energy industry and take the lead in the whole country in areas suc

h as promoting clean and low-carbon energy use and enhancing innovation in energy technologies, it said.

Efforts should be stepped up to build a higher-level, higher-quality food s

ecurity system that is more efficient and more sustainable to guarantee the nation’s grain

reserves, the statement saidThe head of the US-China Business Council, whose members include major US chip

makers that are suppliers to Huawei Technologies Co Ltd, said that the ban on the Chinese telecom giant would come at a co

st to US businesses, and that fair engagement across technologies would be better than decoupling.

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new college graduates aged up to 24 years old increased by

ed by 8.4 percentage points, as the global financial crisis caused demands to fall drastically. It i

s possible that the Sino-US trade dispute could have a similar impact on the job market.

So the government should implement an expansionary macroeconomic policy to create a loose em

ployment environment and better implement social security measures to cope with frictional u

nemployment and the structural employment problem of college graduates.

To offset the possible negative impact of the Sino-US trade dispute on college graduates’ employment, the government sho

uld also expand post-graduate enrollment, increase internships for unemployed college graduates and imp

lement favorable policies to ease the enterprises’ financial burden so they can recruit more employees.

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On Tuesday, a picture showing a questionnaire that a local

l kindergarten had used to ask children whether they were involved in gangs went viral on the internet. The local educa

tional bureau said that the research was meant to stop bullies in kindergartens instead of finding gangster members.

A number of regions in China, including Qiannan Buyi and Miao autonomous prefecture in Guizhou, Guangzhou city in Gu

angdong, and the cities of Chizhou and Anqing in Anhui, have decided to reschedule their dragon boat races so as to pr

ovide a quiet environment for?gaokaotakers, news portal thepaper.cn reported.

Some places, such as the city of Yueqing in Zhejiang, have banned holding such activities during the?gaokao, said the report.

The?gaokao, or the national college entrance exam, will take place

on June 7 and 8 this year, coinciding with the Duanwu Festival (aka Dragon Boat F

estival) holiday, when traditionally dragon boat races are held in celebration of the festival.

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The meeting reviewed and approved a series of official doc

ocuments including a guideline on innovation and improving macro-regulation

, as well as a guideline on strengthening opening-up and cooperation in innovation capacity.

The meeting called for taking the supply-side structural reform as the main task, making coordinated efforts to stabilize economic

growth, promoting reforms, readjusting the economic structure, improving people’s livelihoods, pr

eventing risks, and ensuring social stability, according to a statement issued after the meeting.

The strategic guiding role of national development planning should be leveraged to improve coordination mec

hanisms for economic policies such as finance, currency, employment, industry, and regional development to en

sure the nation’s economic development stays within a reasonable range, the statement said.

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The currency’s depreciation was purely caused by mark

et forces, and China has never taken any measures to deliberately devalue the currency to make its exports more at

tractive, said Guo, who is also head of the China Banking and Insurance Regulatory Commission.

According to Guo, the short-term fluctuation of the RMB exchan

ge rate was normal, and the depreciation will not last long given the stable economic growth base.

“Any speculative activities to short the RMB will suffer huge losses,” he warned.

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

nd 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

direct intervention in foreign exchange markets, and the performance of RMB is address

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rche which, under threat from Marine le Pen’s National

has taken a tougher line on protection of agriculture. France, for example, is opposed to including agriculture in transatlantic trade talks.

The Greens are one of the big winners in the elections (even beating Germ

any’s Social democrats into second place), and they will seek to impose strict conditions reg

arding climate change, the environment and human rights on future trade deals. This attitude will also make it dif

ficult to agree a new trade deal with the US, as it has not endorsed the 2015 Paris climate agreement.

Although the nationalist and populist parties now have more seats, it does not mean they will form a united front in the EP. Th

ere are divisions on trade, on the environment and on dealing with China. Some of these parties, such as the Na

tional Front, are seen as firm opponents of free trade, whereas Alternative for Germany and Matteo Sal

vini’s Lega Nord in Italy tend to be more supportive (depending on the content of the trade agreement).

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These parties tend to look at trade agreements purely from

m a nationalist point of view and if a trade agreement is seen as overall beneficial for their co

untry, they could support it. For instance, Italy voted in favor of the EU agreement with Japan but again

st the agreement with Canada. The content of the agreement is key. For instance, these parties do not like clauses tha

t curtail the powers of single EU member states, such as the establishment of new regulatory or arbitration bodies.

Another uncertainty is Brexit. Whether it will happen or not? And what might change under

a new British prime minister? The new Brexit Party under Nigel Farage was the clear leader in the EP

election in the United Kingdom, but the UK’s 73 EP members have to leave the EP as soon as Brexit takes place.

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A spokesperson at Volkswagen China said SEAT is schedu

uled to become a shareholder of the joint venture by the end of 2019, holding at least 1 percent of i

ts equity. According to Chinese norms, it is mandatory for international brands to produce vehicles in China bearing its names.

Luca de Meo, CEO of SEAT, said: “China is the benchmark country for electric vehicles. We aim to be a part of this ecos

ystem in order to exchange knowledge and make progress in achieving global mobility that is more sustainable.”

Currently, JAC, Volkswagen and SEAT are building a 4 billion yuan ($579 million) research and development center in Hefei, which is expected to open in 2021.

JAC and SEAT also plan to develop their own platform for smaller electric cars, a segment that is growing faster than the large-sized ones in China.

“The close cooperation between SEAT and JAC will allow us to create synergies, which wil

l significantly increase our market coverage,” said Volkswagen CEO Herbert Diess, who is also chairman of SEAT.

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According to the ministry, China’s digital economy reach

ched a total volume of over 31 trillion yuan ($4.5 trillion), or 34.8 percent of its GDP, in 2018.

Yang Xiaowei, deputy head of the Cyberspace Administration of China, also called for more efforts to develop the homegr

own big data sector and highlighted that stepping up research and development is key to mastering core technologies.

Paul Romer, co-recipient of the 2018 Nobel Prize in economics and profe

ssor of economics at New York University, said he is impressed by China’s proposal in cyb

er sovereignty which he understands as: Each nation must be able to write and enforce its own laws that reg

ulate cyberspace, and ensure that cyberspace works to the benefit of everyone in the nation.

“China’s articulation and implementation of cyber sovereignty means it is

a chance for the world to see a different kind of organization for cyberspace, and a chance

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