ggested necessary reforms of the WTO be made so as to ove

China expressed concern over an unprecedented “existential crisis” confronting the World Trade Orga

nization and has submitted a proposal on WTO reform, according to the Ministry of Commerce on Tuesday.

The proposal was submitted by China’s delegation to the General Council of the WTO in Geneva on Monday.

According to the documents released on the ministry’s website, China said rising unilateralist and protectionist practices cou

ld lead to an “existential crisis” at the WTO and sabotage multilateralism and the free trade system.

The abuse of using national security as an exception, unilateral mea

sures inconsistent with WTO rules, as well as misuse or abuse of existing trade remedy meas

ures have severely damaged the rules-based, free and open international trade order, it said.

stgongchen.cn

Perhaps most notably, the growth rate of women workers wa

s higher than men in new media operators and data analysts among the five professions, illustrating that burgeoning career opportunities and skill requ

irements are presenting an unprecedented advantage for women. That’s a change from the past, when women

normally had more household duties, especially in the era of universal two-child policy, he said.

Lu also said that the number of people engaged in human-centered job positions was growing faster than other rules.

“It implied that jobs requiring insights into people’s preferences and habits, such a

s marketing and human resources, are irreplaceable by machine intelligence so far,” Lu said.

A survey jointly conducted by research firm Trustdata and LinkedIn in April found career starters w

ere establishing their career goals earlier than past generations, exhibiting a stronger self-driven momentum.

yuyingleyou.com.cn

The danger here lies in the fact that excessively low

growth targets, based on excessively low estimates of potential growth, lead to lower actual growth. Fo

r an economy the size of China’s, a difference of even 1 percentage point has a huge impact on welfare.

Many economists would counter that a conservative growth target is useful-or even necessary-to create space for struct

ural adjustment. But this claim is unconvincing. Reducing China’s excessive reliance on investment in real es

tate-one of the economy’s most serious structural problems-does not necessarily require a reduction in FAI gro

wth, let alone GDP growth. Nor is slower GDP growth a prerequisite for improving financial stability.

China must pursue as high a growth rate as possible

In my view, because no one is sure what exactly China’s potential growth rate is, the best strategy is to try to achieve as high a g

rowth rate as possible, so long as it doesn’t worsen inflation and hinder structural adjustment.

koryoung.com.cn

Chan also said that trade secrets at times were diffic

cult to legally protect in the past, causing “huge trouble for American tech

nology companies in protecting core and critical technologies” that they could not patent.

The latest amendments to the Anti-Unfair Competition Law, which unde

rwent a substantial revision in 2017, have emphasized protecting trade secrets.

He said in that in January, China’s Supreme People’s Cour

t set up an IPR court to handle complex appeals on patent litigation.

Chan said “all these measures” have led to progress for 59 percent of t

he US companies operating in China in protecting trademarks and brands in the pa

st five years, according to the American Chamber of Commerce in China.

www.vnynui.cn

Local media showed through YouTube image

 of opposition leader Juan Guaido outside the aviation military base La Carlota, located in Altamira in the east of Caracas.

He called on civilians and military to act against the government and urged Maduro to step down.

Venezuela’s Communication and Information Minister Jorge Rodriguez said on Tues

day that the government is deactivating a small group of soldiers who attempted a coup d’etat.

“At the moment we are facing and deactivating a small group of traitor military

personnel who positioned themselves in the Altamira to attempt a coup d’etat,” Rodriguez said.

“The FANB (National Bolivarian Armed Forces) stand firm in defense of the National C

onstitution and its legitimate authorities,” said Defense Minister Vladimir Padrino Lopez in his Twitter account.

riuy8.cn

Pledges at forum draw overseas experts’ praise

The international community has hailed President Xi Jinping’s call on Friday to ease market

access for foreign capital and increase imports so that opening-up reaches a higher level.

Xi said in his keynote speech at the opening ceremony of the S

econd Belt and Road Forum for International Cooperation in Beijing that the purpose of buil

ding the Belt and Road is to achieve win-win cooperation and common development.

China will increase its imports of goods and services and will further lower its tariff rates, Xi said.

Francis Chua, chairman emeritus of the Philippine Chamber of Commer

ce and Industry, noted Xi’s emphasis on quality imports and state-of-the-art products.

“China will keep its commitments,” said Chua, who was attending the forum as a member of the Philippine business delegation.

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The reception followed a meeting of Russian and DPRK

delegations, which was preceded by a one-on-one meeting between Putin and Kim.

Kim arrived here in his train on Wednesday for his first meeting with Putin.

The meeting came at a time when tensions were growing between the DPRK and t

he United States.At the end of 2018, Australia became another “surveillance state” with the passing of the T

elecommunications and Other Legislation Amendment Bill or the Assistance and Access Bill 2018.

Last week, the DPRK test-fired a new tactical guided weapon and requested Washi

ngton to exclude U.S. Secretary of State Mike Pompeo from future negotiations.

In response, Pompeo swept aside Pyongyang’s demand ab

out replacing him by someone “more careful and mature” to deal with the talks.

sh419es.com

As President Xi has said, the initiative originated from

China, but it belongs to the world. China has put forward the idea of boosting global development vi

a infrastructure connectivity, and is working zealously to translate it into reality. This is based on wha

t the country learned from its own rags-to-riches story, its own experience of the benefits of free trade and inte

rnational cooperation, and on its understanding of the role a responsible major country must play.

The forum’s growing list of distinguished guests is credible testimo

ny that more and more countries appreciate the initiative‘s win-win nature and long-term pote

ntial. With 126 countries and 29 international organizations signing cooperation agreements with China und

er the Belt and Road framework, and the Asian Infrastructure Investment Bank now boasting 97 members, it is m

ore appropriate to call the initiative a global development mechanism than a Chinese one.

shlf17.com

Analysts guessing over central bank’s next move

Debates on whether the central bank needs to further ease monetary policy or not are continuing amo

ng analysts, with their emphasis on guessing the next liquidity injection through reducing banks’ reserved deposits.

Supporters of monetary easing expect that another cut in the re

serve requirement ratio (RRR) may come no later than this week, as a liquidity shorta

ge may occur after commercial banks pay back 366.5 billion yuan ($54.65 billion) to the central bank on Wedn

esday. That amount of interbank lending was conducted previously under the medium-term lending facilities (MLF) scheme.

Opponents, however, contend that the current liquidity is sufficient, and any further ea

sing will fuel inflation risks, especially as Chinese economy has started its upcycle.

The central bank’s monetary policy committee held the first quarter’s regular meeting on Friday.

The members achieved a consensus to continue the counter-cyclical measures and stren

gthen coordination between monetary and fiscal policies. Policy fine-tuning should be at the proper time, to prev

ent risks with the priority of stabilizing growth, according to a statement after the meeting.

renrencanzheng.org

Man arrested after incident in west London: British police

A man has been arrested after an incident in west London on Saturday morning. Police f

irearms and Taser were discharged, according to a latest statement released by Metropolitan Police.

According to the statement, police were called at around 8:30 am local time on Saturday, with reports o

f a car in collision with a number of parked vehicles near the Ukrainian Embassy in Holland Park, west London.

“As part of the protective security arrangements for London, armed and unarmed officers were

deployed to this incident,” said the statement, adding that “on arrival at the scene, a vehicle was driven at police officers.”

Police confirmed that firearms and Taser were discharged, the vehicle was stopped and a man in his 40s was arrested, not injured.

Andy Walker, chief superintendent in the Met’s Specialist Firearms Command, said: “as is st

andard procedure, an investigation is now ongoing into the discharge of a police firearm during this incident.”

asrunde.cn