efits and collaborative innovations – like the launch of

 the Global Innovation Exchange project in 2017 brought together by M

icrosoft, China’s Tsinghua University and the University of Washington, he said.

Habib said relations with China have also benefited Boeing, another major company in Washington.

“There’s no question that China is the most significant destinati

on for aerospace,” said Habib, as China “has the biggest middle class and it’s growing. Alon

g with that comes a tremendous increase in demand for both passenger travel and freight mobility.”

Habib also applauded China’s interest in Washington’s agricultural products

such as apples and cherries, and specifically mentioned tourists and students from China.

With the current trade disputes between China and the US, however, Habib is seeing some frustration in his state.

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Trade between the two countries “made a major breakthr

rough” and exceeded $100 billion in 2018, and the two permanent members of the United Na

tions Security Council have been coordinating closely on major international issues, Ruan said.

This year marks the 70th anniversary of the establishment of bilateral ties, which are said to have reached their best level in history.

Also, the attendance of the two countries’ leaders at each other’s intern

ational forums shows both sides’ support for an open global economy, Ruan added.

Addressing the plenary session of the Fourth Eastern Economic Foru

m in Vladivostok, Russia, in September, Xi called for regional members to actively alig

n their development strategies and work together for an open regional economy.

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The integrated development of the Yangtze River Delta re

gion must focus on the key elements of greater integration and high-quality developmen

t to lead the growth of the whole Yangtze River Economic Belt and East China, the statement said.

The meeting called for better awareness of integrated development and putting the region’s growt

h into the perspective of a unified strategy, as well as the development of a modern economic system.

It also required adequate coordination and implementation to ensure the effective implementation of various tasks in the plan.

The delta region, including Shanghai and Jiangsu, Zhejiang and Anhui provinces, is among the areas with the most robust econ

omic growth, the highest level of opening-up and the strongest capacities in innovation in China.

The total GDP of the delta region reached 21 trillion yuan ($3.06 trillion) in 2018, which

accounted for around one-fourth of the national total, according to Economic Daily.

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With the 1,000-day countdown celebration comes a ne

ew stage of preparation for the Games,” said Chen Jining, mayor of Beijin

g and executive president of the 2022 Winter Olympics Organizing Committee. “We will end

eavor to deliver a fantastic, extraordinary and excellent Olympic and Paralympic Winter Games.”

The 1,000-day countdown — launched near the iconic Bird’s Nest and the

Water Cube, both 2008 venues — underlined Beijing’s focus on sustainability in prepa

ring a second time for an Olympic extravaganza by reusing existing resources built for the Summer Games.

According to the 2022 Winter Olympics organizing committee, 11 of the 13 v

enues needed in Beijing’s downtown, where all ice sports will be staged, will use existing faciliti

es built for 2008. Repurposing projects, such as transforming the Water Cube (which hosted swimming in 2008) into a

curling arena by filling the pool with steel structures and making ice on the surface, are well underway.

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They cited a report in February from Trade Partnership World

wide as saying that increasing tariffs on $200 billion of goods to 25 percent, coupled with tariffs already in place — as well as expect

ed Chinese retaliation — would reduce US employment by more than 934,000 jobs and push down the US GDP by 0.37 percent.

According to data from the General Administration of Customs, two-way trade between China and

the US declined 11.2 percent year-on-year to 1.1 trillion yuan ($162.5 billion) in the period from January to April.

The fact that Beijing is still sending a delegation to the US for the trade talks is “very wise on China’s part”, said Gary Hufb

auer, a senior fellow and trade expert at the Peterson Institute for International Economics in Washington.

Douglas H. Paal, vice-president of the Asia Program at the Carnegie Endowment for Internat

ional Peace, said it “makes sense to continue the talks because the alternative would be a drastic signal to markets”.

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China has exercised great restraint and goodwill in

trying to maintain stable relations with the US,” he said.

Li Haidong, a professor of US studies at China Foreign Affairs Universi

ty, said Washington has pushed a hard line in relations with Beijing in recent years.

“The Taiwan question is much more complicated and nonnegotiable,” Li said.

“If the US side continues to misinterpret the one-­China policy, it will irreparably damage Sino­-US ties,” he warned.

The US Senate will have to vote on the act before it can become law. The time of the vote is unknown.

“The consensus among US officials is to be tough on China, and room for rational option

s is rapidly shrinking as overconfidence and rash actions become the new norm,” he said.

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Australia and Canada remain the third and fourth most p

popular destinations for overseas study, accounting for 18 percent and 1

6 percent respectively, followed by Hong Kong, Germany and Japan, the report found.

The report was based on a survey conducted by Vision Overseas Consulting Co, a subsidiary of New Oriental Education and Technolo

gy Group and Kantar Millward Brown in January and February. The survey covered 6,228 students who plan to go to school ove

rseas or have returned to China after graduation, and their parents. It is the fifth consecutive year the report was released.

Sun Tao, president of Vision Overseas Consulting Co, said: “More students chose to go to the UK for overseas study b

ecause of its high-quality higher education institutions and relatively lower costs compared with the US.”

Many UK universities now offer one-year master’s program, which can

greatly decrease the students’ cost, he said, adding that the UK government has also im

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At least 41 dead in Russian passenger plane fire

Russia’s Investigative Committee says 41 people died in fiery airliner accident at Moscow airport.

The Russian Superjet 100 was flying from Moscow to Murmansk when a fire broke out on board. Aeroflot Flight SU1492 ret

urned to Moscow’s Sheremetyevo Airport, making a hard landing, news agency Interfax reported.

“According to our data, more than 10 victims needed medical

care,” Tass news agency quoted a source in the medical services as saying.

Earlier, the regional emergency services reported six victims.

The plane reportedly took off from the Sheremetyevo airport at 18:00 local time (1500 GMT) and

made an emergency landing after circling over the Moscow region for about 40 minutes.

It was “engulfed in flames” before the emergency landing, Tass quoted a source as saying.

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He called on the two countries to deepen all-aroun

 cooperation and build the comprehensive strategic par

tnership between China and Portugal to a higher-level, with broader vision and greater vitality.

Xi said the two countries should strengthen high-level exchanges and value th

eir respective core interests and major concerns based on mutual respect and understanding.

Saying China views Portugal as a significant partner in jointly building the Belt and Road, Xi called for the stren

gthening of bilateral cooperation in fields such as trade, investment, energy and infrastructure.

He also urged the two nations to strengthen coordination on major inter

national issues, firmly uphold the multilateral system and build an open global economy.

Xi added that China stands ready to work with the European nation

to advance more productive cooperation between China and Portuguese-speaking countries.

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And, despite ongoing tensions, the total value of impo

orts and exports rebounded sharply in March, reaching 9.6 percent higher than March 2018. S

o, overall trade grew by 3.7 percent year-on-year in the quarter despite low growth rates in January and Febru

ary. Exports of electrical and mechanical products, which are higher value added, grew by 5.4 percent in the qua

rter. And, private sector trade grew 9.9 percent, far more than the overall growth rate.

I am worried to see that total investment in real estate grew by 11.8 per

cent year-on-year. Having lived through the 2008 finan

cial crisis in the United States, I’m wary of continued high investment in real estate in a time when property prices are al

ready astonishingly high and China’s living space per person has already surpassed that in Europe.

The bottom line is that fiscal and monetary policies combined with policies to promote structural transformation have

achieved a stable macroeconomic situation and steady movement toward supply side upgrading.

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