numbers exceed the “national line” ofpercent in the first qu

Of China’s 31 provinces, municipalities and autonomous regions that h

ave released their GDP figures for the first quarter, South China’s Guangdong pro

vince takes the top spot with 2.39 trillion yuan ($345.94 billion), The Paper reported.

Besides Guangdong, four other provinces exceeded the one trillion yuan mark: Jiangsu

(2.29 trillion yuan), Shandong (2.02 trillion yuan), Zhejiang (1.31 trillion yuan), and Henan (1.16 trillion yuan).

A total of 13 regions witnessed their GDP top more than 700 billion yuan in the first quar

ter, among which seven came from the eastern region, four from central area and one from western.

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The ministry made the remarks after the United States gover

nment late last week ordered its tech companies to cut ties with China’s

Huawei and put a number of Chinese comp

anies on an export blacklist , which makes it almost impossible for listed companies to purchase US-made goods.

Gao Feng, ministry spokesman, said China will

provide consumers in various countries with quality, reliable and diverse products.

The Chinese government is confident it will protect the legitimate

rights and interests of Chinese companies, he said Thursday at a news conference.

The misuse of the state power by the US to suppress Chinese companies not only seriously undermines the commercial cooper

ation between companies on both sides, but poses a serious threat to the safety of the global industrial chain, he said.

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ery likely so. Only things may not go the way Wash

If they wanted a replay of what happened to ZTE, a Chinese company which relies heavily on outsider

technologies, they may never see it. Because Huawei is a dramatically different kind of business.

The Plan B Huawei has just revealed — a series of self-developed chips — is only part of what makes it an enterprise of strategic insight, and hence resilience. Over

time, that insight has rewarded it with a viable biosphere that its founder Ren Zhengfei believes will enable it to weat

her the storm. “Our growth may drop a bit in the wake of US restrictions, but negative growth is impossible,” said a confident Ren during a Tuesday inter

view with Chinese media, adding that Huawei has cultivated longstanding trust with industry partners.

That may be why, even after Google barred Huawei from some Android featur

es, Ren spoke highly of the Silicon Valley giant, praising it as a “good company”. That may

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Huawei said in a statement on Thursday that restricting t

 company from doing business in the US will not make the US more secure or stronger.

“Instead, this will only serve to limit the US to inferior, yet more expensive alternatives, leav

ing it lagging behind in 5G deployment and eventually harming the interests of US companies and consumers.”

The company said it is ready and willing to engage with the US government to come up with effective measures to ensure product security.

In response to the ban on Huawei buying parts from US companies, the company said such a deci

sion will “do significant economic harm to the US companies with which Huawei does business, affect tens of t

housands of US jobs and disrupt the current collaboration and mutual trust that exist in the global supply chain”.

Wang Peng, deputy head of the China Center for Information Industry Development, said the new US moves will disrupt the whole global electronics in

ustry and hurt a string of US companies that supply chips and other components to Huawei.

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Health authorities suggest meditation every dayakes part in

China’s health authorities are advising people to meditate for five

minutes a day with the recent launch of a health knowledge promotion project.

The project has been jointly initiated by the disease prevention and cont

ol and promotion centers under the National Hea

lth Commission, China Health Education Center and All-China Journalists Association.

They advise a “5125” healthy living concept, suggesting people meditate f

ive minutes every day, do physical exercise for one hour every day, master one sport, join

one exercise community, take in at least 12 types of food every day and 25 types of food every week.

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ime Minister Mahathir Mohamad’s championing of Asian value

the ideal way to govern their countries.Lee and Mahathir maintained that i

n Asia, social order and strong governance are keys to a stable and wealthy society.

This type of governance succeeded in fostering rapid growth in Singap

ore, Malaysia, South Korea and China. Santarita said strong Asian leaders are effe

ctive because they serve their constituents and value mutual respect and discipline.

Analysts said the Asian emphasis on community and harmony can help resolve some of the world’s most pressing intern

ational issues such as territorial disputes, climate change and sustainable economic development.

Santarita cited the current dispute over the South China Sea which somet

imes strains relations between nations. He said the claimants can opt to work t

ogether to develop and share resources offered by the South China Sea’s blue economy.

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The Belt and Road Initiative aims to build the Silk R

oad Economic Belt and the 21st Century Maritime Silk Road and deliver policies, infrastructu

re, trade, financial and people-to-people connectivity via a new platform for a brighter future.

Tesla Inc lost $700 million in the first quarter but predicted it wou

ld return to profit in the third quarter as it cuts costs an

d improves delivery after facing issues ramping up shipments outside the United States.

Shares of Tesla were about flat after the results, which came more than an hour afte

r they were expected and after a sales contraction in the quarter raised investor concerns.

The company, which many analysts predict will need to raise

funds for its expansion, said it ended its first quarter wi

th $2.2 billion in cash after paying off a $920 million convertible bond obligation in March.

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The 1980s classic The Bund produced by TVB, a sto

 set in Shanghai in the 1930s starring Chow Yunfat, has so far been the most time-consuming restoration work, but Jiang says it’s worth it.

“George Lucas spent many years restoring old Star Wars films he made himself,” Jiang says

. “It’s almost like a remake. We’re also looking to create a classic Chinese production, which needs just as much of our energy.”

Speaking of the future, Pei says there is no end to their work. “People get u

sed to watching TV productions shot in 4K resolution today. However, once 8K be

comes common, viewers might consider 4K shows ‘unwatchable’ again. Today’s work will still need restoration one day.”

lobal creator community giant WeWork officially launched its startup services platform, WeWork Lab

s, in China on April 11 in its bid to expand its presence in the burgeoning innovation and entrepreneurship market.

A pilot of the program was launched in Shanghai in 2018, with three locations serving 46 members.

It involves Tsinghua University, Peking University and Aliyun, where there will be exchange programs, through which busine

ss professionals will be trained and Chinese firms will be helped to expand at home and overseas.

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The strong performance showcases Huawei’s resilien

 despite the security concerns it faces in some markets. Huawei has repeatedly said the

security llegations it faces are groundless and not supported by any factual evidence.

The city competition for talents in China heats up, as an incre

asing number of cities offer favorable housing policies to attract residents.

Ningbo in East China’s Zhejiang province is one of the most recent entrants to join in. L

ast Sunday, the city published its latest policy interpretation for talent attraction.

Fresh undergraduates and postgraduates moving to Ningbo for employment are given a one-off living sub

sidy of 10,000 yuan ($1,490) and 30,000 yuan, respectively. The city also offers a 200,000 to 600,000 yuan home purchase sub

sidy and a maximum of 8 million yuan in household settlement subsidies for eligible high-end talents.

Hohhot, the northern city in China’s Inner Mongolia autonomous region, offers qualified graduate

s 50 percent off for home purchases and two years of free accommodation in certain districts of the city to lure skilled personnel.

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Collaboration between the tax administrations of BRI co

untries can lead to the pooling of skills and expertise on tax collection. It can also strengthen natio

nal tax rules in areas such as withholding tax, transfer pricing and dispute resolution to ensure that fair am

ounts of taxes are collected, said Daniel Witt, president of the International Tax and Investment Center.

“BRI countries should be careful not to create barriers to investment, an

d the priority should be to look at practical solutions to remove complexities and co

mpliance burdens on tax administrations and taxpayers,” Witt added.

To serve the BRI, Liao Tizhong, director-general of the International Taxation Department, State

Taxation Administration, said China has expanded a tax treaty network to cover 95 countries and regions.

The number of foreign companies from BRI countries that invest in China and pay annual

taxes of more than 5 million yuan reached 1,205 in 2018. Their average revenue grow

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