Peterson

Huawei CEO addresses US ban, 5G and users’ rights

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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A recent report by the Beijing Municipal Education

 Commission said that more than 231,000 college students graduated from universities in

Beijing last year, but 37.5 percent of employed graduates chose to work outside the capital.

A female college student surnamed Zhang said that she chose to w

ork in Wuhan, Hubei province, after graduating from Tsinghua University in June, 2018.

“The biggest reason driving me away from Beijing was the living cost,” she said. “Tho

ugh I can earn 8,000 ($1,160) or even 10,000 yuan a month in Beijing, the rent may cost me 3,000 yuan or more ea

ch month, let alone other expenses such as meals, transportation and getting together with friends.”

In contrast, some so-called new first-tier cities like Chengdu, Sichua

n province; Hangzhou, Zhejiang province; and Wuhan have sprung up as new at

tractions to college graduates for their cheaper living costs and preferential policies to newcomers.

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Data cited from Zhaopin, an online recruitment platform

 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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Experts believe the animal-friendly tours are part of an em

n emerging trend that will benefit animal protection work in the long run.

The survey, released last week, found that more than 90 perce

nt of Chinese travelers who had participated in an overseas wildlife tour said they would take

into account whether their activities negatively affected the animals before making future tour decisions.

“Wildlife-friendly travel plays a crucial role in the healthy growth of wildlife tourism. The

research shows the responsibility that Chinese travelers would like to take, which is very enc

ouraging,” said Zhao Zhonghua, chief representative of the World Animal Protection China office.

The research was based on 2,206 questionnaires and jointly conducted by marketing com

pany CVSC-TNS Research and World Animal Protection-an international nonprofit animal welfare organization.

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g elections domestically. More far-right parties and nati

 nationalists entering the assembly would also place obstacles for passing EU legislation,” he said.

Various surveys have indicated that nationalist and

far-right parties across the Europe will perform strongly in the coming elections.

In France, President Emmanuel Macron’s Republic on the Move party is in a tight battle with Marine Le Pen’s far-right Nation

al Rally. A Elabe poll released on Wednesday said that Macron’s centrist ruling party will win 23.5

percent of the votes, while National Rally is expected to win 22 percent of voting intentions.

A poll in Italy’s Corriere della Sera newspaper said that support for the nation’s far-right League, which is led by the dep

uty prime minister, Matteo Salvini, was about 30.9 percent on May 10. Salvini has been campaigning vi

gorously across the country on behalf of EU parliamentary candidates and promoting hard-line policies.

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hina’s ‘big three’ State-run airlines ask Boeing for compen

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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China home to over 200 unicornsReportcial Services Grou

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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Hong Kong has agreements on extradition arrangem

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.

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ate interests, heed its people’s will and safeguard the basic

The two countries should follow the direction set by their heads of state, manage d

ifferences on the basis of mutual respect and expand cooperation on the basis of mutual benefit, he added.

Ren Zhengfei, founder and CEO of Huawei, told the Nikkei Asian Review on Satu

rday that the company has not done anything that violates the law, and the ban will have a limited impact on its business.

However, Xiang Ligang, director-general of the telecom industry association Informat

ion Consumption Alliance, said the US ban will disrupt the global electronics industry, given the size of Hu

awei as the world’s largest telecom equipment maker and the second-largest smartphone vendor.

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it its lowest level since November. Trade talks betw

ween China and the United States recently faltered and a large amount of additional tariffs are expected to be imposed on imports from both sides.

China will take necessary measures, in response to foreign exchange market flu

ctuations, including using a strengthened risk management system, said Pan.

He also stressed that authorities would crack down on illegal activities in foreign exchange trading.

“China has sufficient policy tools,” said Pan, who is also director of th

e State Administration of Foreign Exchange, the country’s foreign exchange regulator.

The PBOC vice-governor also confirmed on Sunday that China will continually implement

opening-up policies and improve the environment for overseas investors and protect the legal rights of foreign investors.

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