angements with 20 jurisdictions. The Chinese mainland, Macao and Taiwan are not among them.

The revision was triggered by a murder case in which a Hong Kong ma

n, Chan Tong-kai, allegedly killed his pregnant girlfriend in Taiwan and then fled back to the c

ty. The Taiwan authorities are unable to prosecute him as the two sides have no fugitive transfer arrangements.

During the meeting, Han also hailed the contribution of the Hong Kong Federation of Fujian Associations in pro

moting exchanges and cooperation between Hong Kong and the mainland, as well as its efforts in maintaining Hong Kong’s

prosperity and stability. He hoped that the organization can continue to firmly safeguard national sovereignty.

www.chengdeyujia.cn

ses are needed to tackle the current growth slowdown,” Elliot Harris, UN chief economist and assi

stant secretary-general for economic development, said Tuesday at a news conference. “It is increasingly clear that policies to pro

mote sustainable development will need to look beyond GDP growth and identify new and more robust measures of

economic performance that appropriately reflect the costs of inequality, insecurity and climate change.”

In response to slowing growth and subdued inflation, major central banks have eased their monetary policy stances. The recent mo

netary policy shifts have helped to stabilize global financial markets and capital flows to emerging economies.

However, the report cautions that a more protracted period of monetary accommodation could exacerbate fina

ncial imbalances, including further fueling debt accumulation and raising medium-term risks to financial stability.

chengduyidong.cn

China in 2018 had 202 unicorns valued at a combined total of $744.6 billion, according to a Greatwall Strategy Consultants report.

A unicorn is a privately held startup valued at more than $1 billion.

Seven of the companies are considered super unicorns – companies valued at more than $10 billion, the report said.

They are Ant Financial ($150 billion), Bytedance ($75 billion), Didi Chuxing ($60 bi

llion), Kuaishou ($20 billion), JD Digits ($20 billion), Cainiao ($20 billion) and Bitmain ($14.5 billion).

China’s unicorns come from 22 industries, with e-commerce, smart logis

tics, new entertainment, artificial intelligence, and new energy and smart vehicles the top five sectors.

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Air China, the country’s leading carrier, has formally requested compensation from Boeing Co for th

e grounding of its 15 737 MAX aircraft and delayed deliveries of future planes, the company said Wednesday.

China Southern Airlines, another of China’s “big three” State-run

carriers, has also officially asked the US aircraft-maker for compensation involving its 24 gro

unded MAX aircraft and postponed deliveries of such planes, CCTV reported the same day.

Shanghai-based China Eastern Airlines had already sought compensa

tion from Boeing for incurring considerable losses after the grounding of the 737 MAX aircr

aft following two major crashes, according to a previous China Daily report citing People’s Daily.

The carrier filed a claim against Boeing for the losses caused by 14 suspensions of 737 MAX ai

rcraft since March 11 and delayed delivery of the models it had booked earlier, the report said.

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 world’s most challenging railway projects to build, as it will traverse the southeast

portion of the Qinghai-Tibet Plateau, which has intricate and difficult geological conditions.

Previous reports said that 80 percent of the Sichuan-Tibet Railway will

consist of tunnels and bridges, and the cumulative ascent of the line will exceed 16,000 me

ters, which is equivalent to double the height of Qomolangma, the world’s highest mountain also known as Mount Everest.

When the line is completed, the travel time by rail between Chengdu and Lhasa will shorten f

rom 48 hours to about 13 hours.hina’s national railway operator has on Wednesday added a new function to h

elp people buy tickets on the booking site 12306.cn and its related app, the Beijing News reported.

biaodoudou.cn

dumping and anti-subsidy measures, have largely reduced China’s export to the country.

Photovoltaic modules export to India also slumped 24.4 percent to 1.81 GW in the first quarter, as the Indian government ordere

d that all photovoltaic modules for government and central public utilities projects should be 100 percent India-made.

China’s top five photovoltaic modules exporters in value in the first quarter were Jinko Solar, J

A Solar, Trina Solar, Canadian Solar, and Longi, taking up 12.8, 8.6, 8.3, 7.4, and 6.7 percent, resp

ectively, of total export value. Export volume of the top 12 exporters took up 65 percent of total export, added the report.

The report projected that China’s photovoltaic modules capacity will furth

er expand 8.5 percent to 83 GW this year, with nearly 50 GW exported to the overseas market.

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Ren said in an interview with Chinese media in Shenzhen on Tuesday that “We are very grateful to the

US companies. They have made a lot of contributions to us. Many of our consultants are from American companies such as IBM.

“We can make chips as good as those made by US companies, but it does not mean that we will not buy chips from them,” Ren added.

He said the company will not exclude US chips. “Instead, we should grow together. But if there is a

supply shortage, we have a backup. In the “peace period”, half of our chips are from the US companies and half

from Huawei. We cannot be isolated from the world.”Ren also highlighted that Huawei’s 5G plan will not be affected by

the US ban. “Others will definitely not be able to catch up with Huawei in 5G technologies for two or three years,” he said.

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 shows that college students slated to graduate in 2019 have higher

expectations of working in these cities, than in cities like Beijing, Shanghai and Guangzhou.

According to the platform, 44 percent of new graduates this year wish to find their jobs in new fir

st-tier cities, while only about 30 percent hope to work in Beijing, Shanghai and Guangzhou.

Yang Zheng, who graduated with a master’s degree from Fudan University in Shanghai in March, said th

at he received three offers from companies in the city, but finally chose a high-tech enterprise in neighboring Hangzhou.

“I’ve spent about seven years in Shanghai, it’s time to explore a new world,” he said, laughing. “The most importa

nt reason I chose Hangzhou is the city’s potential development in the high-tech industry, which can bring us more opportunities.”

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Different from the first several batches of tariffs that focused more on industrial and agricultural products, the most rece

nt 25 percent tariffs on Chinese imports target mostly consumer products, including sneakers, clothing and furniture.

Trump has, on his Twitter account, asserted that “there is no reason for the U.S. Consumer to pay the Tariffs”.

The open letter, however, said “there should be no misunderstanding” that US consumers pay for tariffs on products that are imported.

“As an industry that faces a $3 billion duty bill every year, we can assure you that any incr

ease in the cost of importing shoes has a direct impact on the American footwear consumer,” it said.

It is an “unavoidable” fact that as prices go up at the border due to transportation costs, labor r

ate increases or additional duties, the consumer pays more for the product, the footwear trade and business association said.

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Chinese drone manufacturer DJI said safety is at the core of everything the company does, and the security of its techn

ology has been independently verified by the United States government and leading US businesses.

The company’s statement came in response to an alert warning issued by the US Department of Homeland Security (DHS).

“We provide all our customers full and complete control over how thei

r data is collected, stored and transmitted. For government and critical infrastructure cust

omers that require additional assurances, we provide drones that do not transfer data to DJI or via the inte

rnet, and our customers can enable all the security steps DHS recommends,” the Shenzhen-based company said.

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