Terracotta Warriors begin tour of duty at Australian museum

Eight life-size Terracotta Warriors from China are among the works sho

wn as part of a rare exhibition being hosted by the National Gallery of Victoria in Melbourne.

The exhibition, Terracotta Warriors: Guardians of Immortality/Cai Guo-Qiang: The Transient Landscape, runs from May 24 to Oct 13.

It offers a new perspective on China’s traditional culture with more than 160 exhibits

on show, including the Qin emperor’s Terracotta Warriors, which were discovered in 1974 in China’s nor

thwestern Shaanxi province, and are widely described as one of the wonders of the world.

The exhibition features eight warriors and two life-size horses from the im

perial army, as well as two half-size replicas of bronze chariots, each drawn by four horses.

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No evidence was found to show Chinese monetary

 authority intervention in foreign exchange markets over the past se

veral months, according to the US Treasury’s semiannual foreign-exchange report to Congress.

The May report summarized that China’s growth appears to be stabilizing on the back of recently enhanced supportive measures.

The report expanded the number of countries it scrutinizes for curre

ncy manipulation to 21 from 12. Countries with a current account surplus with the US

equivalent to 2 percent of GDP were put on the watch list, compared with 3 percent of GDP before.

China didn’t meet the “currency manipulator” criteria listed by the US Treasury, but Washington will continue asse

ssing the RMB’s performance given China’s large trade surplus with the US, the report said.

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alwai highly commended China’s achievements in its ref

form and opening-up drive, and said the country’s success has not only brought changes to itself, but als

o has profound and positive influence on the world. Vanuatu firmly honors the one-China policy

and supports the Chinese government in its efforts to realize peaceful national reunification, he added.

oreign investors may get access to more onshore commodity contracts 

China will give foreign investors more access to its commodity futures market as part of it

s continuing efforts to strengthen the real economy, the top securities regulator said on Tuesday.

The move will benefit both overseas and domestic market participants, and

the opening-up of the stock index futures market will also speed up, experts said.

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to see that with the right structure, we can get tons of be

Lu Yong, vice-president of Huawei Technologies Co, said China’s d

igital economy has thrived on the basis that China has built the world’s largest 4G network.

“5G is not just a faster 4G. It will fundamentally reshape how enterprises run busine

sses and overhaul a wide range of industries by using data to create more value,” Lu said.

Foreign Ministry spokesman Lu Kang reiterated on Monday that China

has been holding a consistent position in trade frictions with the United States, say

ing the differences should be resolved through friendly consultations and negotiations.

Lu’s remarks came as US President Donald Trump said in Japan that the US isn’t ready to make a trade deal with Ch

ina, but he’s leaving open the possibility that the two nations could strike an agreement someday.

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be why despite the US government blacklisting Huawei, Re

Ren on Tuesday expressed continued willingness to collaborate with US partners in the future.

Ren’s confidence lies in Huawei’s capacity to serve its customer

s under “any circumstances”, and has the support of its growing clientele at home and abroad.

“Last week, in public bidding by China Mobile, we won contracts to build 5G networks for 37 of the 40 cities,” Ren dis

closed. “Our capacity for mass production is enormous, and will not drop much with US restrictions”.

The otherwise low-profile Huawei leader made no secret about his pride

in his company’s technologies: “Huawei’s 5G will absolutely not be affected. When it c

omes to 5G technologies, others will definitely not catch up in two or three years”.

That was why the confident Ren said the 90-day exemption Washington declared on Monday was dispensable.

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The US’ trade deficit stems from its extremely low natio

nal savings rate and has to be compensated by other countries’ national savings, which in tu

rn adds to the trade deficit. On the other hand, China’s efficiency in the manufacturing industry makes it a lar

ge exporter of manufactured goods to the US and helps it sustain its high savings rate.

A high growth rate means higher trade deficit for US

Given that the US economy is driven by domestic demand, consumpt

ion in particular, instead of exports, a high rate of ec

onomic growth will widen the trade deficit, as it would have to import more products than it exports. In such a sit

uation, the implementation of large-scale infrastructure construction projects would further increase the trade deficit.

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Washington foolish to defy economics law and turns in the

The root cause for the repeated twists and turns in the China-US trade talks lies, to a grea

t extent, in the United States’ serious deviation from, and disdain for, the objective laws of econ

omics. The fact that China will never accept its unreasonable demands further complicates the matters for the US.

The US administration’s often competing and clashing objectives-though m

any of them are understandable-cannot be realized simultaneously. For instance, the U

S hopes to revive its industries and boost its real economy while maintaining the huge bubble in its financial market.

A dream called sustainable reindustrialization

Yet the US expends huge amounts of its resources just to maintain its mo

netary hegemony and thus ensure its financial sector offers higher pay and return on inv

estment compared with the real economy sectors, which helps it to maintain its advantage in

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“Learning to work together in an orderly, high trust

level, and supported by diverse interest groups will prevent conflicts among stakeholders in the South China Sea,” Santarita said.

Scientists from China and other countries involved in the Belt and Road Initiative will work together to enhance scientifi

c and technological cooperation in disaster prevention and mitigation, according to a joint declaration.

He said Asia’s emphasis on “respect for authority, respect for the environment and the discipli

ne to control the use of resources” will also see Asian leaders pursuing a more eco-friendly dev

elopment path and honor their commitments to the Paris climate agreement.

“If there is harmony, discipline, stability and the primacy of family and com

munity over the individual, then any problem can be easily addressed,” Santarita said.

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The legislation states that Washington should condu

ct “regular sales” of “defense articles” to Taiwan and back its participation in international organizations.

“We urge the US side to keep its promise, abide by the one-­China policy a

nd the three joint communiques, and block the bill’s progress,” Geng said.

He urged the US to “appropriately handle the Taiwan question to avoid serious da

mage to Sino-US cooperation in key areas, and the peace and security of the region”.

Experts said the bill will further damage Sino-US relations, and the confr

ontational approach taken by the US against China will damage regional peace and security.

Yuan Zheng, director of US foreign relations research at the Institute of American Studies under the Chinese Academy of

Social Sciences, said the recent passage of US naval vessels through the Taiwan Straits, arms sales and

political support to Taiwan are meant to help Taiwan separatists and pressure Beijing.

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On investment, members of the cooperation mechan

nism will provide a fair and just environment and a level playing

field for foreign companies doing business in their own countries by upholding the principl

es of mutual respect, mutual benefit and fair competition, according to the guidelines.

On the role and significance of China-CEEC cooperation, the guidelines said the mechan

ism constitutes an important part of Europe-China relationship and complements the EU-China Compre

hensive Strategic Partnership and the EU-China 2020 Strategic Agenda for Cooperation.

Reaffirming their commitment to deepening their partnership for peace, growth, reform a

nd civilization, the participants to the leaders’ meeting expressed their support for the early conclu

sion of an ambitious EU-China Comprehensive Agreement on Investment, said the guidelines.

On the Belt and Road Initiative, the participants said they recognize the importance

of the initiative and the EU Strategy on Connecting Europe and Asia and welcome forging synergies between them.

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