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Fortunately, a growing number of Chinese high net wort

th investors have started to realize the importance of not putting all their eggs in one basket, said Zi Yu

an, head of investment platforms and solutions at UBS Securities. One solution is to hold dif

ferent currencies to avoid the possible risk of the exchange rate fluctuation of one single currency.

“They are looking at more overseas markets. Different markets sometimes are litt

le connected. For example, the Chinese stock market was really disheartening last year. But if an investor all

ocated his assets in the US stock market or other markets with high yield bonds, the loss in the Chinese stock m

arket will be offset and the stability of the entire investment portfolio will be further consolidated,” he said.

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envisions cooperation on big dataXi said inthe

President’s message calls for tackling legal, security, governance challenges

President Xi Jinping called on Sunday for strengthened cooperation among countries to explo

re opportunities of digital, internet-based intelligent development and to properly address le

gal, security and governance challenges arising from big data industry development.

He made the remarks in a congratulatory letter to the China Internati

onal Big Data Industry Expo 2019, which kicked off in Guiyang, Guizhou province.

The new generation of information technology, represented by the internet, big data an

d artificial intelligence, is booming at present and has significant and profound influence on various cou

ntries’ economic development, social progress and people’s lives, Xi said in the letter.

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Xi highlights independent IPR, core technologiesirs a meet

Meeting in Nanchang eyes achieving new advances in development of country’s central region

President Xi Jinping stressed the significance of owning indep

endent intellectual property rights and core technology while visiting a producer of rare

earth, which he hailed as an “important strategic resource”, in Gan­zhou, Jiangxi province, on Monday.

Xi, also general secretary of the Communist Party of Chin

a Central Committee and chairman of the Central Military Commission, visited the JL MAG Ra

re-Earth Co immediately after he arrived in Jiangxi for the three-day inspection tour.

At the company, Xi learned about its production and operation, the r

are earth industry’s development in Ganzhou, the development and application of the co

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industrial internet and the internet of vehicles are am

ong the country’s top development priorities in the telecommuni

cations industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Te

chnology, said on Friday during the World Telecommunication and Information Society Day.

Zhang called for accelerated efforts to set standards in key areas, including 5G, to expedit

e the commercialization of this forefront technology and bolster the nation’s core competitiveness.

Major Chinese smartphone maker Huawei Technologies Co has a

lready unveiled its first 5G chip and first 5G foldable smartphone, the Mate X, which is

expected to hit the market in June, despite challenges involving the United States.

Also on Friday, shortly after the US said it would ban Huawei from buying US t

echnology without special approval, Huawei’s chipmaking arm, HiSilicon, said

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teps aimed at helping further develop countryside opt

hina will undertake key measures to further integrate the country’s rural and urban areas

and encourage the transfer and free flow of people and resources throughout the nation.

Measures include relaxing hukou (household registration) barri

ers, reforming zoning regulations for rural and residential land, marketing collective land

in rural areas for development purposes and increasing infrastructure spending in the countryside.

Experts said the new plan, announced by the Communist Party of China Ce

ntral Committee and the State Council late on Sunday, is aimed at helping realize steady progr

ess in rural revitalization, driving up the process of urbanization and further boosting the economy.

China has a three-step plan. First, it will initially build a framework an

d mechanism for integrated development of urban and rural areas, and gradually rem

ove limits on hukou registration in cities by 2022. Second, it will bring about an improved framewo

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Sino-US talks on trade seen as productiveeets with U

Negotiators from two sides aim to meet next week in Washington to continue

Vice-Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven M

nuchin met in Beijing from Tuesday to Wednesday for the 10th round of trade talks between China and the United States.

The two sides are working on putting bilateral trade on a stronger footing, and the lat

est meetings were productive, Mnuchin wrote on his Twitter account, without giving details.

A Chinese team is scheduled to visit Washington next week for another round of talks, Xinhua News Agency reported.

Liu is also a member of the Political Bureau of the Communist Party of China Cent

ral Committee and chief of the Chinese side of the China-US comprehensive economic dialogue.

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President Xi Jinping meets Myanmar Commander-in

China would like to enhance strategic communication and deepen cooperation with Myanmar

no matter how the international situation changes, President Xi Jinping said on Wednesday.

Xi made the remark while meeting with Myanmar Commander-in-Chief of Defen

se Services Senior General Min Aung Hlaing at the Great Hall of the People in Beijing.

The two countries should deepen their comprehensive strategic cooperation to bring more practi

cal benefits for the people of both countries and contribute to regional stability and prosperity, Xi said.

Noting that military cooperation is an important part of China-Myanm

ar relations, Xi said that the two armies should enhance pragmatic cooper

ation and build bilateral military relations on the basis of mutual trust and benefit.

Xi said that China supports the peace process of Myanmar and pays attention to t

he development of the political and security situation in the northern part of Myanmar.

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The water-delivering trains are a special service on the Hu

unbai Railway, a scenic line with diesel trains. They were launched to address the limited access to drin

king water in the area, where the underground water is undrinkable due to complex mineral components.

“Water coming out of the wells used to render us with Kaschin-beck disease, and we treated ev

ery drop of (safe) water like it was oil,” said Zhou Aiqin, another resident at Huojugou.

Running the train all year around is no easy task, especially in winter when temperatures easily dro

p below minus 20 degrees Celsius. Some of the fuel is spent heating the water during the journey to prevent freezing.

“Water often drips onto our clothes and instantly freezes. We cannot bend our arms or legs

and have to move like a gorilla,” said Jia Lin, a veteran worker at the line’s Quanyang station.

Train crew and station workers, like residents along the line, have been attached to

the delivery missions, even as demands have greatly shrunk due to improved water infrastructure and relocation o

f villagers. The trains now run three times a month, down from three times a week, to serve only 300 residents.

“But as long as the demand exists, our small train will keep on running,” said Xin Yuehong, head of Quanyang station.

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Theresa May asks EU for Brexit delayIn his press conference, Don

the President of the European Council, made it clear that the EU would only

approve a delay to the Brexit process if the House of Commons approves the Withdra

wal Agreement signed by Theresa May last year. That suggests a third “meaningful vote” must be held in Parliament next week.

another vote. Earlier this week he ruled that the government could not hold repeated votes on the same issue without substantive changes.

The government will hope that Tusk’s statement will be sufficient to satisfy Bercow’s demand.

After that, there’s the question of persuading MPs to support the deal.

Theresa May lost her first meaningful vote by a historic margin of 230 in January, and lost her second last week by 149.

May faces an uphill challenge to pass the deal a third time – 75 MPs will have to change their mind

s. The Prime Minister will hope that the looming and clear threat of no deal will force opposition MPs to support her deal.

The trouble is, there’s a small group of hardcore Brexit-supporting MPs o

n her own side who would be happy to see the UK crash out without a deal – a clean bre

ak from the EU with no complications. Quite how she persuades them to get onside is unclear.

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Cyclone Idai: Fears for 500,000 people as 90% of Mozambiqu

  Fears are growing for more than 500,000 people in the Mozambique city of Beira, after a

id agency officials warned that 90% of the area had been “destroyed” by Cyclone Idai.

  The cyclone slammed into the southeast African country as a high-end Category 2 storm with 175 kph (110 mph winds) at midn

ight Thursday, causing widespread devastation, before moving inland into Zimbabwe and Malawi.

  In an address on national radio Monday, Mozambique President Filipe Nyusi warned that while the official death toll

stood at 84, “everything indicates that we can have a record of more than 1,000 dead.”

  Nyusi described seeing “bodies floating” in the water after two rivers broke their banks “wiping out entire vil

lages ” and isolating others. “It’s a real humanitarian disaster of large proportions,” said Nyusi.

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