hina takes big step in artemisinin resistance

Nobel Prize winner Tu Youyou’s team on Monday announced major scientific breakthroughs in treatment of artemisinin resistance.

Sweet wormwood was used in ancient Chinese therapy to treat various illnesses, including fevers typical of mala

ria. Nearly five decades ago, Chinese scientists, including Tu, identified its active ingredient, artemisinin.

In 2005, the WHO recommended Artemisinin-based Combin

ation Therapies as the most effective malaria treatment available.

However, the World Malaria Report 2018 published by the World Health Organiza

tion said that after an unprecedented period of success in global malaria control, progress has stalled. Art

emisinin resistance and partner drug resistance has been reported in Greater Mekong subregion.

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After a half-month visit to China, a team from the IM

led by Asia and Pacific Department Deputy Director Kenneth Kang, summarized that “China can play an impor

tant role and would benefit from further opening up and other structural reforms that enhance competition.”

The previously issued policy is sufficient to stabilize growth by 2020, despite the rec

ent US tariff hike, according to the fund’s report. “No additional policy easing is ne

eded, provided there are no further increases in tariffs or a significant slowdown in growth.”

Only if the trade tensions further escalate and threaten economic and financial stability, a

dditional policy easing, such as fiscal expansion, could be used to stabilize the economy, it said.

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Health Service, Woody Johnson, US ambassador to th

o the UK, said: “I think probably the entire economy, in a trade deal all things that are traded will be on the table.”

On Wednesday, Trump will attend commemorative events for the 75th annivers

ary of the D-Day landings in Normandy in northern France, one of the pivotal events of World War II. The queen

presented him with a rare Winston Churchill book about the war, and in her speech on Tuesday, May spoke of the two co

untries’ so-called special relationship-”a great partnership, but one I believe we can make greater still”.

Continuing the historical theme of the visit, s

he gave Trump with a framed typescript draft of the Atlantic Charter, agreed by Churchill and US president Roo

sevelt in 1941, setting out the two leaders’ postwar aims and paving the way for the formation of the United Nations.

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hina to remain steadfast protecting national security

First, China has undisputable sovereignty over islands and their surrounding waters in the South China Sea, backed by a wealth of historical and legal basis,” Shao said.

For a long period of time, various nations’ normal passage and flight in the region have never been obstructed. “There i

s no issue over the freedom of navigation and overflight in the South China Sea,” he said.

However, the US has frequently sent vessels and aircraft to trespass into Chinese mar

itime territory and airspace, and has conducted intense intelligence gathering and special drills in the region.

“These actions damage the peace and security of the region,” Shao said. “As a result, the PLA

has installed necessary defense equipment on the islands in accordance with security needs. This is within

the natural rights of a sovereign state, and a necessary measure to counter those provocative actions.”

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In its first quarter report this year, Tesla revealed that i

t it expects its second-generation Model 3 production line at its Shanghai plant to

cost 50 percent less per unit than its factory in Fremont, California.

CEO Elon Musk also said in April that the gigafactory in Shanghai expects to produce 1,000 and 2,000 vehicles a week

But China CDC says more efforts still needed to hit nation’s reduction target

Smoking has been declining on the Chinese mainland, but m

ore efforts are needed for effective tobacco control, according to a survey released on Thursday.

Last year, 26.6 percent of the population 15 years old or above across the mainland were smokers, according to the survey, which

was conducted by the Chinese Center for Disease Control and Prevention between July and December.

by the end of the year, the report said.

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Foreign investors’ access to onshore stock index futures

“Moreover, as foreign investors’ trading helps boost liquidity in the domestic market and makes the price changes mor

e consistent with international trends, domestic market participants can also better hedge against risks,” he said.

Experts also expect China to open up the stock index futures mark

et to foreign investors, as they have large exposure in t

he A-share market and are therefore in need of this risk management tool.

Foreign investors’ access to onshore stock index futures is an “infrastructure” for fin

ancial market opening-up, without which foreign investors’ passion for Chinese shares may be dampened, said Wa

ng Maobin, investment department chair at the University of International Business and Economics in Beijing.

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The spike in trade tensions has already rattled financial

markets. The yuan has weakened by 2 percent to its lowest level since January.

“We expect stock markets and the yuan to remain under pressure in the near term, though they c

ould be supported by an expected stabilization in the domestic economy later this year,” Wu said.

Sheng Songcheng, the former director of the Survey and Statistics Department in the Peo

ple’s Bank of China, said the truth is that imposing more tariffs on Chinese goods has not yet reduced US trade deficits.

The long-lasting US trade deficits in goods was formed from the US

dollar’s international status, its domestic low deposit rate and the US position in the glo

bal value chain, and those factors cannot be changed by protectionist measures, Sheng said.

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hina Eastern asks Boeing for 737 MAX compensation

hina Eastern Airlines confirmed to news outlet The Paper on Tuesday it has

officially lodged claims with Boeing for losses cause

d by the 737 MAX’s grounding and late delivery, adding the two companies will stay in communication over the issue.

The move makes China Eastern Airlines the first airline in China to ask Boeing for compensation, as the 737 M

AX suffered worldwide suspensions after two deadly crashes which took more than 300 lives in six months.

Fourteen Boeing 737 MAX jets under China Eastern Airlines have been grounded since March 11.

Boeing stressed that it refused to talk about any communications with its clients.

Bloomberg cited people with knowledge of the matter last Wednesday, saying

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Huawei has said that it is willing to sign a “no-spy” agreeme

nt with countries that commit to its equipment. And this may po

nt to a reasonable solution as it offers a way out for international partners in the West, which h

ave been caught in the middle of the US-waged campaign against Huawei, to cooperate with the Chinese company.

The security of 5G networks is a technical issue, and it should be addressed as such. Security prin

ciples should be based on verifiable facts and technical data rather than ideology or a vendor’s country of origin.

However, judging by its ill treatment of Huawei since last year, t

he US will continue with its persecution and has no intention of changing its ways.

The victimization of Huawei shows the world’s largest economy no longer wants to uphold the core values that govern free trade

and fair market competition. And it is willing to use its superpower status, so that, by hook or by crook, it can obstruct co

mpetitors that might challenge its competitive edge in science and technology.

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The future growth prospects of today’s early-stage (that is

lower-income-some growing and others not) developing countries will be of huge importance in red

ucing poverty further. Although these countries face significant headwinds, they could also seize imp

ortant new growth opportunities-especially with the help of digital platforms.

The headwinds are certainly considerable. For starters, advances in digital technolo

gies-robotics, machine learning, sensors, and vision-directly threaten the labor-intensive manu

facturing and assembly upon which lower-income, nonresource-rich economies have traditionally relied.

Moreover, climate change has had its greatest economic impact on the tropical and subtropical regio

ns where most of the lower-income countries are located. The effects of global warming are highly disrup

tive in fragile economies, and, taken together, constitute a major new obstacle to growthle

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