Food festivals offer visitors taste of Asiaonal Beijin

Various cultural activities, including art performances, parades and food festivals, are offering visitors a taste of the colorful cultures of Asian countries.

The events, part of Asian Civilization Week, are auxiliary activities of the Confere

nce on Dialogue of Asian Civilizations, which kicked off on Wednesday in Beijing.

The Asian Food Festival runs until Wednesday. It has received wide attention from the public, has its main venue b

etween Beijing National Stadium, commonly known as the Bird’s Nest, and the Beijing National Aquatics Center, or Water Cube.

Food-related activities are also being held in three other cities-Hangzh

ou, Chengdu and Guangzhou. Visitors can enjoy a pepper eating competition in Chengdu, or at

tend a food container exhibition in Hangzhou, Zhejiang province, according to event organizers

A possible measure to reduce the hidden debt wou

uld be to separate the government-owned assets from that of the companies and let the State-owned businesses run by thems

elves, said experts close to the matter. This is particularly so for some public and infrastructure construction proj

ects. But it also means that the local governments will not be undertaking the default risks.

Experts said the minister‘s viewpoint is a signal that the authori

ties are determined to solve the vexed debt issue with more details set to emerge later and star

t a national campaign for preventing systemic financial risks, amid rising external trade challenges.

Other measures could include selling part of the State-owned assets, rest

ructuring the State-owned enterprises, or reorganizing projects, said Liu.

an civilizations have written a brilliant chapter in hu

Being one of the earliest human settlements and a major birthplace of

human civilization, Asia takes up one third of the total land o

n Earth, has two thirds of the global population, and consists of 47 countries and more than 1,000 ethnic groups.

Asian people have made incredible cultural achievements over the past thousand

s of years and they have started cultural exchanges and mutual learning since the early days.

Asian people’s aspiration for better life should become reality

Geographically and culturally connected, Asian countries have

experienced similar historical situations and pursue the same dream.

Facing future, Asian countries should grasp overall situation and strive to turn people’s aspiration for a better life into reality.

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That China has responded to the US trade aggression in

such a restrained manner and conducted the talks with the utmost sincerity may have misled the US administration into thinking it has pushed Beijing onto the back foot.

But China’s responsible attitude and its desire to settle the dispute through consultations should not be viewed as signs of weakness.

Indeed, its stance could not be clearer: The US can persist in trying to coerce China into acce

pting its unreasonable demands, but no matter how hard it tries, China will not knuckle under.

China does not want to enter into a trade war with the US; but that does not mean it is afraid of one.

China agreed to hold trade talks with the US not because it feared what the

US might do or because it is worried about losing its trade with the US, but because it

genuinely believes that dialogue is the best way for countries to resolve their differences and find ways to benefit each ot

her, and because, as a responsible country, it always keeps the bigger picture and longer time frame in mind.

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The document said such practices have adversely affect

ted the interests of WTO members, especially developing-nation members, and undermined the

authority and efficacy of the WTO. As a consequence, the organization is facing an unprecedented crisis.

China suggested necessary reforms of the WTO be made so as to overcome the crisis, strengthen its auth

ority and efficacy, and enlarge its relevance in terms of global economic governance. It also

proposed strengthening the inclusiveness of the multilateral trading system, said an official with the De

partment of WTO Affairs at the Ministry of Commerce, in an online statement late on Tuesday.

The unnamed official stressed the need to resolve several urgent issues threatening the existence of free trade and globalization.

Even though China didn’t mention the United States by name in the proposal, it refe

rred to a number of policies clearly associated with Washington. Experts stressed tha

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total of 12 cities reported month-on-month drops of reso

The Industrial and Commercial Bank of China (ICBC), China’s most valuable brand, topped Forbes’s

newly released annual ranking of the world’s top 2,000 largest public companies for the seven consecutive years.

The State-owned bank, which generated 298.7 billion yuan ($43.5 billion) in net profit last

year, has assets of more than $4 trillion and nearly half a million employees, according to Forbes.

Meanwhile, China Construction Bank, the Agricultural Bank of China and the Bank of China, renowned as the “Big Four” ba

nks in China along with ICBC, also joined the top 10, ranking at third, fourth and eighth places, respectively.

Ping An Insurance Group came in at seventh with a market capital of $220.2 billion, according to Forbes.

The Chinese government puts high importance on work re

ating to broadband connections at reasonable rates. General Secretary Xi Jinping issued instructi

ons on several occasions, stressing the need for enhanced information infrastructure building to provide people with acc

essible, affordable and user-friendly information services. Premier Li Keqiang emphasized that solid efforts must be made

for faster and more affordable internet services and sharpen the country’s international competitiveness in this regard.

Figures from the Ministry of Industry and Information Technology show that 1,000M broadband has been piloted in 100-plus Chin

ese cities. The country now has more than 3.76 million 4G base stations and 1.17 billion-strong 4G network users.

It was agreed at the meeting that as required by the Central Economic Work Conferen

ce and the Government Work Report, efforts must be intensified to make internet servic

es faster at a lower rate. This will not only benefit and facilitate companies and the people, but will also help boost effe

Customs cooperation to take aim at IPR violationsnd inter

China will expand international cooperation in enforcing intellectu

al property rights to facilitate trade and create a favorable business environment for ente

rprises from China and overseas, a customs official said on Wednesday.

Cooperative customs mechanisms have been establ

ished in more than 130 countries and regions, with more than 190 agree

ments signed, including with major trade partners such as the United States, the European Union, Russia, Japan

and South Korea, said Jin Hai, deputy director for general affairs at the General Administration of Customs.

To more effectively fight crossborder violations of intellectual property rights, Chinese cust

oms will improve information sharing and exchanges of data with other countries and regions.

A key element of the campaign is also to prevent bureau

cratism and practicing formalism for formalism’s sake and to guide Party me

mbers to keep the Party’s commitments in mind, it added.The global eco

nomy is undergoing very large structural shifts, driven by three mega-trends. One is the digital transformation of th

e foundations on which economies are built and run. Another is the growing purchasing power and economic strength of e

merging economies, China in particular. And third, there are broad-based political economy trends, which inclu

de rising nationalism, various forms of populism, political and social polarization, and a possible breakdown of the

multilateral framework within which the global economy has functioned since the end of World War II.

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ess. And the China-proposed Belt and Road Initiativ althoug

ugh criticized by much of the West, and the US in particular-could bring dramatic

improvements in physical and digital connectivity to Central Asia and parts of Africa.

Further advances in critical infrastructure will create important growth opportunities for developing countries via e-commerce, mobile paym

ents, and related financial services. The experience of China suggests that these digital platforms, and the ecosy

stems that develop around them, are powerful engines for incremental, highly inclusive growth.

China, of course, is a very large, homogenous market. If smaller, lower-income developing countries are to bene

fit from equally rapid inclusive growth, the digital platforms will have to be regional and international in scope.

Some are starting to emerge. Jumia, a Nigeria-based e-commerce

platform covering 14 African countries, recently went public on the New York Stock Exchange, am

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