China announces new tariffs on US goodsday that it wil

China said late on Monday that it will increase tariffs on the bulk of $60 billion of US imports to three categories of rates between 10% and 25%.

For the rest of the $60 billion US imports, the duty rate will remains at 5 percent.

The tariffs will hit around 5,000 products and will take effect on June 1.

It is China’s latest response to the additional US tariffs on $200 billion of Chinese goods, which were implemented on Friday morning.

The move fully demonstrates Beijing’s firm determination to defend its due interest

s and legitimate rights in international trade and economic cooperation, according to analysts.

Guanxi, compadrazgo and bapakism. Three words from China, the Philip

pines and Indonesia that encapsulate the same values of the vast continent through the a

ges-a shared belief in the importance of the family and the community over the individual.

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Manufacturing remains in expansion territoryoducts at

The growth of manufacturing activity in China eased in April but remained within expansion territory, adding to the confidence that the country’s economy is stabilizing.

The purchasing managers index for the country’s manufacturing sector came in at 50.1 in A

pril, slightly down from 50.5 in March, the National Bureau of Statistics said on Tuesday.

A reading above 50 indicates expansion, while one below it reflects contraction.

Senior NBS official Zhao Qinghe said in a statement that factory activity continued a steady ex

pansion in April, with the subindexes for production and for new orders standing respectively at 52.1 and 51.4. T

he readings are slightly lower than those in March, but they are higher than the average performance of the first quarter.

“Market demand is driving a stable growth in production,” Zhao said, adding strong growth in e

merging industries, such as high-tech and equipment manufacturing, also contributed to the steady performance.

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President hails Nepal’s participation in BRIing holds a w

China and Nepal should strengthen cooperation on infrastr

ucture construction and continue to promote the construction of the China-Nepal c

ross-border economic cooperation zone, President Xi Jinping said in Beijing on Monday.

Xi made the remark during his meeting with his Nepali counterpart, Bidhya Devi Bhandari, who is on a nine-day state visit to China.

China greatly values its ties with Nepal, and supports Nepal in maintaining its national independence, state sovereignty and te

rritorial integrity as well as exploring a path of development that suits its national conditions, Xi said.

Also, China appreciates Nepal’s firm and long-standing support over issues related to China’s core inte

rests and major concerns and its active participation in jointly building the Belt and Road, Xi s

aid. He added that China will continue to support Nepal’s economic and social development.

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Other revisions in the draft are made in light of new

progress of reforms and new developments of the capital market.

A draft amendment to the law was previously submitted to the top legislature for first reading

in April 2015, mainly to meet the legislative demand of reforming the IPO system toward a registration-based one.

The first draft also improved rules on developing a multi-layer capital market system, strengthen

ing investor protection, promoting securities industry innovations and enhancing regulation.

New revisions were submitted for a second reading in April 2017 to im

prove regulation on such areas as stock trading, acquisitions of listed firms, information disclo

sure and investor protection. The second draft also demanded the State Council to gradually advance the IPO sys

tem reform in accordance with authorization granted by the top legislature.

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Economic structure was further improved during the sa

me period. The value-added high-tech sector’s out

put rose by 7.8 percent, higher than the country’s value-added industrial output.

In the first quarter, the NDRC approved 50 fixed asset investment projects, mainly in th

e fields of energy, transportation and high-tech. The total investment hit 370.3 billion yuan ($55.3 billion).

The NDRC reportedly is considering a slew of new measure to boost spending on automob

iles, home appliances and consumer electronics products. People close to the NDRC said it has sent a draft plan to

encourage consumption in the three sectors, according to a report in the National Business Daily.

The news caused shares of home appliance companies traded in Shanghai and Shenzhen to increase

by 1.47 percent on Thursday, according to Shanghai-based information provider Wind Info.

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Innovation links with Japan encouragedForeign Minis

Premier Li Keqiang called on China and Japan to boost cooperation in innovation to see more pra

gmatic outcomes, and to further work together in areas including finance, third-party markets and tourism.

The two countries should also create a fair and unbiased business environment for each other’s en

terprises, Li said in a meeting with visiting Japanese Foreign Minister Taro Kono in Beijing on Monday.

The meeting came after a China-Japan high-level economic dialogue,

co-chaired on Sunday by State Councilor and Foreign Minister Wang Yi and Kono. The dia

logue, also attended by ministers of agriculture, industry, commerce and environ

mental protection from both countries, was also the first to be held in China between the two nations since 2010.

Li congratulated attendees on the successful hosting of the dialogue in his opening remarks, noting that bilateral relation

s are back on the right track and have seen new progress thanks to joint efforts of the two sides starting last year.

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JD Logistics responds to criticism over courier pay cuts

JD Logistic, the logistics arm of the Beijing-based tech heavyweight JD

.com, will cancel the basic salary for delivery staff , CEO and Chairman Liu Qiangdong said i

n response to arguments on the company’s salary adjustments in an internal email sent on Monday.

JD Logistics lost over 2.3 billion yuan ($342.9 million) in 2018, its 12th consecut

ive year to lose money. If the situation continues, Liu said, the company would only last for two more years.

If internal settlements are deducted, JD Logistics lost more than 2.8 billion yuan last year.

The main reasons for the loss are few external delivery orders and high internal costs, Liu said.

The company has only two choices, according to Liu: one, increase external delivery orders to promote external inco

me growth; the other, reduce staff members’ well-being to the level of other express companies.

Reducing fund ratios to average levels and canceling the basic salary a

ims to encourage couriers to get more external delivery orders and increase revenue.

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Kim, while stressing the importance of solving prob

lems through dialogue and negotiations, also underlined that he does not accept “the American style of

dialogue” which imposes the United States’ unilateral demands upon its dialogue partner.

Kim said the United States is hinting at holding

a third DPRK-US Summit, but what happened in Hanoi “is not inviting” to the DPRK.

However, Kim also mentioned his good relations with Trump. “As P

resident Trump keeps saying, the personal ties between me and him

are not hostile like the relations between the two countries and we still maintain good relations.”

At the end of the speech, Kim said he hoped that the United

States would decide wisely and that the confrontation betw

een the two countries will be brought to a complete stop.

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French officials said the EU faced “blackmail” by hardli

ine pro-Brexit potential successors to May, such as Boris Johnson. They might try to sabotage decision-making, they said.

However, Merkel has urged the bloc to do all it can to avoid such disruption. She said before leavin

g Berlin that she favoured a delay of “several months” for May, who has pledged to quit if hardcore Brexi

t supporters in her own Conservative Party drop objections to her “soft Brexit” and help ratify the deal.

Keen to ease tension, Merkel had broken the ice as talks began by showing May a photomontage on a tablet of both wearing similar jacket

s when addressing their parliaments earlier in the day. It provoked mutual laughter as other leaders joined in.

As talks wore on beyond midnight, with May patiently waiting elsewhere in the buildin

g for word on her nation’s fate, Macron rallied support for his concerns about a long extension.

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So, I think I won’t get married until I’m 33,” Gray said

Like Gray, more women and men in the US are single — more than 45 percent of all Americans age 18 or older, the US Census Bur

eau reported in 2017 — and the number of single households around the world also is increasing.

Singles make up about 14.6 percent — about 200 million — of Chi

na’s population, the largest singles population in the world, People’s Daily reported.

Sweden has the highest rate of people staying single, 51 percen

t of all households, according to 2017 data from the European Union’s Eurostat.

Sweden is followed by Denmark, Finland and Germany, which all have more than 40 percent one-person households.

The never-married population age 16 years and over in England a

nd Wales increased by 3.9 million from 2002 to 2017, while the number of married pe

ple increased only by 1.2 million during the same period, UK Census reported.

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