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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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In a statement on May 16, Huawei said that losing acce

ss to US suppliers “will do significant economic harm to the US companies” and affect “tens of thousands of US jobs”. In total, US firm

s sold an estimated $11 billion worth of components to Huawei last year, according to earlier media reports.

“I’m not able to tell you exactly what the costs will be; it differs from company to company,” said Allen.

“But clearly, from a corporate perspective, this Department

of Commerce action has created costs and has escalated the uncertainty quite a bit.”

Asked to comment on some voices in the US calling for the “decoupling” of the two countries, especially in the technology sect

or, Allen said both sides should pursue a playing field of “smart competition and engagement”, in which the

y play by a “common set of rules” that are mainly set by World Trade Organization obligations.

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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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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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Separately, on the same day, the US Commerce Department

said it would be adding Huawei and its 70 affiliates to an Entity List, which will ban the compan

y from buying parts and components of US companies without prior government approval.

Gao Feng, spokesman for the Ministry of Commerce, said at a briefing that the con

cept of national security “should not be used as a tool for trade protectionism”.

“China strongly opposes other countries imposing unilateral sanctions on Chinese entities,” Gao said.

He called on the US to stop its wrongful behavior and make more efforts to create conditions for normal international trade cooperation.

Huawei has been increasing its 5G commercial contracts worldwide, with more countries giving the com

pany a vote of confidence. But it is facing security allegations from the US, which Huawei has said are unfounded.

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then to 0.20, together with the inclusion of Mid Cap China

 A shares, in the final step as part of the November 2019 Semi-Annual Index Review, according to the report.

About 109 companies will be added and three removed from the MSCI China A Onshore Index, whic

h will take place as of the close of May 28, and the three largest additions to this index would be the

Wens Foodstuff Group A, Contemporary A and Shenzhen Mindray A, the MSCI said.

In addition, the MSCI China A Onshore Small Cap Index will see 503 stocks added and 49 cut, with most of the new addi

tions coming from newly eligible ChiNext stocks, according to an official statement of MSCI.

MSCI also updated the list of China A Mid Cap securities that may potentially be adde

d to the MSCI China and the MSCI Emerging Markets Indexes as part of the third step of th

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The Information Technology Industry Council also w

arned against further raising tariffs. “Increasing tariffs will only continue to harm America

n consumers and businesses of all sizes and across all sectors, as well as threat en American econ

omic growth and leadership in innovation,” said Naomi Wilson, the council’s senior director of policy for Asia.

US chemical manufacturers also called for sensible trade policy solutions.

Cal Dooley, president and CEO of the American Chemistry Council, said on Monday he believed t

he risks of continuing to use tariffs as a negotiating tactic with China are simply too high, and potential benefits remain unclear.

Several organizations, including Tariffs Hurt the Heartland — the national campaign compose

d of more than 150 of the largest US trade organizations in retail, technology, manufacturing and agric

ulture — have in recent days highlighted the negative impact of tariff increases on the US economy and job market.

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Boosting rural areas will help solve dilemmas of ove

rcrowding and rampant construction plaguing cities, and the development of cities will also offer unique ways to bring about rural revitalization,” Chen said.

“As restrictions on hukou will gradually be removed, cities need to be well-prepared to offer

accommodation and employment opportunities, and allow children of migrant workers to have equal access to education,” Chen added.

China has made steady progress in urbanization, as the ranks of permanent urban r

esidents stood at 831 million at the end of 2018, up 17.9 million from the previous year, said the National Bureau of Statistics.

Last month, the National Development and Reform Commission said it

plans to increase the urbanization rate by at least 1 percentage point by the end of this year.

Shen Chi, vice-director of the China Center for Urban Development, said the government’s new

plan will help foster high-quality and sustainable economic development across the nation.

“Relaxing the hukou policy will be a key step in promoting the free flow of labor across

the nation,” Shen said. “A systematic consideration and arrangement of the integratio

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Probe begins after Boeings off runway into Florida river

A team of 16 federal investigators was traveling to Jacksonville, Florid

a on Saturday after a Boeing jetliner with 143 people on board slid off a runway into a sha

llow river while trying to land at a military base during a thunderstorm, injuring 21 people.

The Boeing 737-800 chartered by the US military was arriving from Na

val Station Guantanamo Bay in Cuba with 136 passengers and seven crew members when it slid

into the St. Johns river at the end of the runway at Naval Air Station Jacksonville, authorities said.

No one was badly hurt and the 21 people taken to a hospital w

ere listed in good condition, the local sheriff’s office said.

The National Transportation Safety Board said on Twitter th

at 16 investigators were arriving in Jacksonville on Saturday.

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The company will consider adding employees, resear

rch and field development resources to expand in the Chinese market over the coming years, he said.

Ministry of Commerce spokesman Gao Feng said last month that the t

wo countries’ negotiating teams are hashing out the text of a deal, including an enfo

rcement mechanism, based on mutual respect and benefit. Both countries, the world’s two biggest eco

nomies, have been intensifying their consultations and aiming to break the deadlock in a timely manner.

In the ninth round of trade consultations, negotiators discussed tec

hnology transfers, protection of intellectual property rights, non-tariff measures, the servi

ce sector, agriculture, trade imbalances and enforcement mechanisms.

Trade between China and the US amounted to 815.86 billion yuan ($121.7 billion) i

n the first quarter of the year, an 11 percent year-on-year decline, according to the General Administration of Cus

toms. In March, Sino-US trade climbed 0.1 percent to 291.35 billion yuan, according to the administration.

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