Lippi, who led hi上海品茶微信女神会所s d Cup glory in

was first hired in 上海品茶微信女神会所vember 2016, but his original two-year stint in China delivered littl

e to cheer about. He was unable to take China to the World Cup finals in Russia in 2018.

The 71-year-old Lippi had stepped down in January, after the country’s quarterfinal

exit from the Asian Cup, when he reportedly became furious in the dressing room after China’s crushing 3-0 loss to Iran.

Lippi’s first game in his second tenure will be a friendly match with the Philippines in Guangzhou o

n June 7, as Team China prepares for the second round of Asian zone qualifying for Qatar 2022, which kicks off in September.

“I think I’d vote for Lippi to come back,” 38-year-old Team China capt

ain Zheng Zhi said on China Central Television in March. “The old man would for sure brin

g more values to the team. We never lost faith in him, and our players all recognize his importa

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Since they established diplomatic ties, relations betwe

tween the two countries have become firm and unshakable, with fruitful outcomes generated from pragmatic cooperation, Xi said.

They have brought tangible benefits to the two peoples and made p

ositive contributions to the stability and development in the region, he added.

Both countries are at a cru2cial period in their development, Xi said, and bilateral cooperation has broad prospects. He said he

considers Sino-Malaysian ties highly important and expressed hope that the two countries, taking the joint building of the B

elt and Road as an opportunity, would strengthen synergies between their development strategies to inject new c

ontent into the China-Malaysia comprehensive strategic partnership, and add new momentum to regional development.

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Any speculative activities to short the RMB will suf

The RMB’s daily trading reference, or the central parity for onshore trading, has been stabilized ar

ound 6.89 per dollar for eight days from May 20, and market watchers said market-oriented depreciation pressure was losing steam.

Yi Gang, the central bank governor, has said several times that the PBOC has ceased dir

ect intervention in foreign exchange markets, and the performance of RMB is addressed mainly by market forces.

General Wei Fenghe, China’s defense minister, will attend the coming Shangri-La Dialogue set to

open on Friday in Singapore according to Senior Colonel Wu Qian, spokesman for the Defense Ministry.

Wei’s attendance will be the second time China has sent its defense mini

ster to the international security forum held by the London-based think tank International Insti

tute for Strategic Studies. The first time was in 2011, when General Liang Guanglie took part and delivered a speech.

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More comprehensive and well-targeted policy respon

ses are needed to tackle the current growth slowdown,” Elliot Harris, UN chief economist and assi

stant secretary-general for economic development, said Tuesday at a news conference. “It is increasingly clear that policies to pro

mote sustainable development will need to look beyond GDP growth and identify new and more robust measures of

economic performance that appropriately reflect the costs of inequality, insecurity and climate change.”

In response to slowing growth and subdued inflation, major central banks have eased their monetary policy stances. The recent mo

netary policy shifts have helped to stabilize global financial markets and capital flows to emerging economies.

However, the report cautions that a more protracted period of monetary accommodation could exacerbate fina

ncial imbalances, including further fueling debt accumulation and raising medium-term risks to financial stability.

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Ministry of Industry and Information Technology data show

ed China’s digital economy had reached more than 27 trillion yuan ($4 trillio

n) in 2017, a year-on-year rise of 20.3 percent, accounting for nearly 33 percent of GDP.

Lu said the growth rate of the number of people working as new media operators in 2017 was mo

re than 10 times that of 2013. The growth comes as more consumers turn from mass media to new me

dia, which provides more information, is faster, has a more diversified presentation and cheaper cost.

Algorithm engineers, in particular, grew at exponential rates. More than fi

ve times as many people worked as algorithm engineers in 2017 than 2013, he said.

“Algorithm is the foundation for artificial intelligence. AI has started to integrate with other industr

ies and already had been successfully implemented in AI plus marketing, finance and assisted medical dia

gnosis. AI engineers will have more value as AI becomes more closely tied with more businesses,” Lu said.

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Roughly 20 years ago, when China’s admission to the

World Trade Organization was being negotiated, China’s economy was ti

ny as a portion of world GDP. It was clearly a poor, less-developed country that, except in a f

ew areas, was not able to compete with Western companies in high-value-added products.

As Alexander Hamilton, the first US Treasury secretary, argued, a developing country may need to p

rotect its “infant industries” from already established foreign competitors. This was the policy foll

owed by the US in the 19th century and by Western Europe, Japan, and South Korea in the years after World War II.

China is no longer a poor country. It can no longer compete by using low-wa

ge labor. Fortunately, it has now developed world-class companies that are incre

asingly developing new products and services that can compete successfully in many foreign markets.

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China’s IPR protection efforts bear fruit for foreign enterprises

China’s constant improvement of intellectual property rights pro

tection is a huge boon for popular foreign IPs like Peppa Pig to ride the country’s consum

ption boom, according to an executive from the trademark’s owner Entertainment One UK Ltd.

“There has been a very positive trend in China,” said Tim Pfeiffer

, the company’s senior vice-president of business affairs. “Our cooperation with the China Trad

emark Office has been very encouraging and we are more than happy to cooperate further.”

Beijing’s efforts have shown that it is serious about enforcing IPR protection to safeguard justice an

d social stability. Chinese courts have resulted in a 42 percent surge in intellectual property r

ights cases in 2018, according to the work reports of the Supreme People’s Court and the Supreme People’s Proc

uratorate that were submitted to the country’s annual national legislative session in March.

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Earnings growth may sustain at a rather high speed

Wang Yang, an analyst with Soochow Securities based in Suzhou, Jia

ngsu province, said that apart from the economic recovery underpinned by su

pportive policies, cyclical factors also imply that earnings growth will continue to recover in the rest of the year.

According to Wang, the current profit cycle of A-share companies started from 2

016 and should end with recovery this year, as the cycles usually last for 12 to 14 quarters.

This year’s gradual recovery in earnings growth could help the A-share market to withstan

d external uncertainties, said Yan Xiang, an analyst with Shenzhen-based Guosen Securities.

“It is quite different from 2018 when earnings growth of most companies deteriorated. Earn

ings growth, a determinant of the market trend, is likely to be on the recovery path,” Yan said in a note.

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Pilot blames lightning for deadly crash landingkhoi aircraft

The pilot of a Russian passenger plane that erupted in a ball of fire on the runway of Moscow’s busiest airp

ort, killing 41 of the 78 people aboard, said lightning led to the emergency landing, Agence France-Presse reported.

Investigators on Monday were working to understand the causes of the blaze after the Suk

hoi Superjet-100 returned to Sheremetyevo airport shortly after takeoff on Sunday evening.

Pilot Denis Yevdokimov told Russian media the aircraft lost communication and needed to

switch to emergency control mode “because of lightning” on the Aeroflot flight to the Arctic city of Murmansk.

He did not specify if the plane was struck directly.

“We managed to restore communication through the emergency frequenc

y on our radio connection. But the link was only for a short time and kept cutting out. … It wa

s possible to say only a few words,” he told The Komsomolskaya Pravda newspaper.

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More regulation of rural banks’ shareholder equity

hina is stepping up the investigation and regulation of shareholder equity

for small and medium-sized rural banks to improve their corporate governance, said a

n official of the China Banking and Insurance Regulatory Commission on Monday.

From 2018 to 2020, the CBIRC’s offices at the local level will investigate all rural commercial banks, rural cooperatives and rural credit unions.

As of the end of last year, the regulators had investigated 868 rural coopera

tives, which involve 28,000 stakeholders with shareholding of more than 1 percent, and 65,00

0 shareholder affiliates. The rest of the rural banking institutions will be investigated in 2019 and 2020.

The regulators found that small and medium-sized rural ba

nks had a few prominent shareholder equity problems, according to the CBIRC.

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