He said it does no one any favors to delink over poss

ssible national security concerns. Fair engagement across technologies is a better way to secure national security than delinking.

“The cost of decoupling will be very high for both economies,” he said. “Engage

ment in a fair competition with common rules is a far better outcome than decoupling.”

If there has to be some “decoupling” due to “valid national security conc

erns” in both countries, that should be kept to a minimum and not exaggerated, he said.

“Normal commerce is in the interest of both of our countries. And we should pursue it vigorously,” he added.

Allen also said members of the council are worried that they are now i

n a “very uncertain time” when the already tense situation could potentially deteriorate, as th

e world’s top two economies are embroiled in a protracted trade dispute with the Trum

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The China-US trade disputes have significantly influe

enced the renminbi’s performance, said Wang Shengzu, co-head of Investment Strategy Group Asia Goldman Sachs.

But the currency is unlikely to slip out of a reasonable range, assuming there is no big shock from the trade talks, Wang said.

As a sound base for a stable renminbi, “the Chinese economy has shown sig

ns of bouncing up, shown by the faster-than-expected growth of industrial output, ret

ail sales, and credit in the first quarter, and this means that economic activity is improving with supportive pol

icies”, said Wang.Liu Shiyu, China’s former top securities regulator, was under investigation for alleged violations of

the law, according to a statement Sunday from the Central Commission for Discipline Inspection.

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The US’ monetary hegemony is itself a big impedim

ment to the reindustrialization process, which could be viewed as a sort of financial Dutch disease-the apparent causal relationsh

ip between the increase in the economic development of a specific sector and a decline in other sectors. The more

heated the US stock market gets, the more serious the Dutch disease will become. And, ironically, the US leader is k

een on strengthening the stock market to showcase his political and economic track record.

Besides, the US administration cannot launch large-scale infrastructure construction projects, significantly red

uce the trade deficit with China and deny Chinese investors access to its market all at the same time.

The US’ trade deficit stems from its extremely low national saving

s rate and has to be compensated by other countries’ national savings, which in turn

adds to the trade deficit. On the other hand, China’s efficiency in the manufacturing industry mak

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Yanqing and Zhangjiakou are preparing another 10 ven

ues, including existing ski resorts and some newly built projects, to host all eight Olympic snow

sports in 2022. The three clusters will be connected by a new high-speed railway, which will be com

pleted by the end of this year. It looks beyond the Games to boost future winter sports tourism.

According to the organizing committee, all 26 venues for 2022 will be ready by June next year with the first t

est event, a World Cup skiing series, scheduled to be held in Yanqing’s National Alpine Skiing Center in February.

About 90 percent of the earth moving work for the mountain center is now complete, and a 53-hec

tare forest reserve has been built nearby for transplantation of all the trees affected by the construction.

“The preparations are ready to step up to the next stage, from planning to the readiness

phase. Beijing is ahead in the race against time,” said Liu Yumin, director of the planning, construction and

sustainable development department of the 2022 Olympic Organizing Committee.

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Meanwhile, China is willing to jointly promote the mo

nitoring and evaluation of Arctic climate and environmental changes, develop platforms for po

lar scientific research, and promote the sharing of Arctic observation data and international work pr

ojects, Wang said during the Arctic Circle China Forum in Shanghai on Friday.

“We look forward to working with other countries to smooth the economic channel that conn

ects the European and American continents through the Arctic Ocean and jointly create a ‘Polar Silk Roa

d’ to facilitate connectivity and sustainable economic and social development of the Arctic,” he said.

Wang said that Arctic affairs, especially those regarding climate c

hange, environmental protection, scientific research and the use of waterways, are closel

y related to the well-being of people living in the polar region and the survival and development of all humankind.

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Europe, souvenirs have strong cultural elements

 and even a refrigerator sticker can be delicately made and worthy of being added to your personal collection,” said Zhou.

The success of creative products released by the Palace Museum in Beij

ing and Shanghai Disney Resort has set a good standard for local souvenirs, experts said.

Since 2015, users of the Palace Museum’s official app have received photos and info

rmation of one collection every day, bringing the collections and their fans closer.

As many as 480 styles of phone cases are created by the design tea

m of the Forbidden City. “We designed headphones with beads, and our foll

owers said this design let them feel like the emperor when making calls,” Shan Jixiang, former curator of the P

alace Museum who retired earlier in April, was quoted as saying by the Xinhua News Agency.

By the end of 2017, the Palace Museum released more than 10,000 products. It gen

erated 1.5 billion yuan ($223.8 million) in revenue from its creative products in 2017 alone.

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The development of winter sports will help meet th

diversified needs of sports fans, which is conducive to soci

al and economic development. Notably, the General Admi

nistration of Sport has issued a document emphasizing the importance of planning in the development of the winter

sports industry. For instance, some departments have made efforts to optimize their resources by building m

ore winter sports venues so they can encourage more people to take up winter sports.

The Beijing municipal government and Hebei provincial gov

ernment have worked out policies to encourage more scho

ol students to play winter sports, and take part in winter sports events on campuses.

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With the new platform, foreign talents only need to mak

 one trip and fill out a form at the platform to apply for working visas. A professional team will also help their family members with the relevant procedures.

To better serve foreign talents, a number of domestic and international human resources ind

ustry leaders have set up offices in the talent hub, including Manpower, Shanghai Foreign Service Group, CDP Group and Liepin.com.

 China has issued guidelines to ensure the high-quality development of cross-border e-commerce

posting and delivery services, a State Post Bureau (SPB) official said on April 11.

The guidelines were jointly issued by the SPB, Ministry of Commerce an

d General Administration of Customs, SPB official Tu Gang told a press conference.

While stressing the significance of cross border delivery services, Tu said weaknesses r

emained in aspects such as user experience, security control and international rules.

China will launch a whole-process supervision approach on cross-border delivery services and impl

ement security management regulations including real-name receiving and posting, human and machine examination of parcels.

China supports foreign investors to set up new businesses in the industry within its territory through legitimate applications.

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Image company under fire after black hole ‘copyright’

The first-ever image of a black hole has sucked a Chinese image provider Visual China Group into a “black hole” of its own, after

some “we media” players complained that the company put its copyright logo on the image.

Just after the black hole image was released on Wednesday, some found the Visual China Gr

oup website carried the image with its logo, which means payment is required to use the image.

The company released a statement Thursday afternoon that the company gained the ima

ge copyright from the Event Horizon Telescope teams for use in media, not for commercial use such as advertisements.

Materials from the official websites of scientific authorities such as the European Sou

thern Observatory and NASA are available free, so long as users clearly credit the source.

The ESO has said Visual China has not made contact about the black hole image and it is illegal for it to claim copyright.

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Lu said JD’s individual parcel pickup business is main

ly concentrated in first and second-tier cities. “JD has missed the good opportunity to expand its third-party logisti

cs business, and there is little room for growth owing to the fierce competition in the segment.”

In October, JD launched parcel delivery services for individuals in 17

cities including Beijing, Shanghai, Guangzhou and Shenzhen, and later extended it to 31 citie

s. In order to use the service, customers would ask for a pickup through the firm’s app.

Yang Daqing, a researcher at the China Society of Logistics, said such adjustm

ent will bring about some negative effects in the short term, but if JD Logistics ha

ndles the issue properly, it will become more competitive after the transformation.

Apart from the salary cut for the delivery unit, JD is seeing a r

ound of shake-ups on its management team. Following recent resignations of its chief technology of

ficer Zhang Chen and chief legal officer Long Yu, the tech giant announced last week that L

am. Following recent resignations of its chief technology officer Zhang C

hen and chief legal officer Long Yu, the tech giant announced last week that L

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