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Chinese exporters have from 20 to 50 percent of the

 US market in other low-value-added markets, plus electrical machinery and equipment, mechanical

appliances, and iron and steel. In most other categories, China has less than 20 percent of the US market.

China also assembles and then exports a lot of phones, computers and other gadgets to the US. But, most of the profits and

wages go to Japanese or South Korean component producers or US-based designers. For example, China ma

kes less than $9 from each iPhone. The total price of a phone is ridiculously counted as a Chinese export to the US.

It’s a good thing that China is no longer a low-wage country. Most Chinese

are much better off than they were even 10 years ago. But it does mean that these lo

w-skilled, labor-intensive industries will be moving to less-developed nations. US tariffs on such products will only se

rve to hasten the transition to higher value-added industries that China has to make anyway.

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Xi stressed the importance of fulfilling bilateral and

 multilateral trade agreements, saying that Chinese people value a promise as much as tons of gold.

China pays close attention to building a law-based government, abolishing improper r

ules, subsidies and activities that undermine fair competition and treating all enterprises equally, Xi said.

The president highlighted building infrastructure of high quality, sustain

ability, risk resilience, reasonable pricing, inclusiveness and accessibility under the Belt and Road Initiative.

Infrastructure is a bottleneck in the development of many nations

, Xi said, and building infrastructure can help countries give full play to their ad

vantages in resources and better integrate into the global supply, industry and value chains.

Xi called on countries to uphold multilateralism, promote green devel

opment and fight corruption with zero tolerance in the process of building the Belt and Road.

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Sixteen experiment racks will be installed in the core

 module, and two lab capsules of the space station and an extravehicular experiment platform will be built. Each rack i

s regarded as a lab that can support various space experiments, and astronauts can upgrade and replace the facili

ties. In addition, a capsule holding a large optical telescope will fly in the same orbit as the station, according to a report by Xi

nhua News Agency, quoting the Technology and Engineering Center for Space Utilization of the Chinese Academy of Sciences on Wednesday.

Di Pippo said opening up the space station to the world, especially to developi

ng and emerging countries, is a good example of China’s will to enhance international cooperation in space missions.

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ina moor at a port in Zhanjiang during the ASEAN-China Ma

China’s first aircraft carrier, the Liaoning, and latest nuclear submarines, destroyers and fighter jets will join the parade, Qiu said.

“Some vessels will make their debut for the first time,” Qiu added.

Altogether 32 Chinese vessels and 39 warplanes will take part in the event, according to Qiu.

The vessels will sail in six groups, namely, those of submar

ines, destroyers, frigates, landing ships, auxiliary ships, and aircraft carrier.

The planes will fly in 10 echelons, showcasing aircraft for early warning, reconnaissance, anti-submarine patrol, as wel

l as bombers, fighters, carrier-based fighters, and carrier-based helicopters, Qiu said.

More than 60 countries will send delegations to join multinational naval even

ts marking the anniversary, and over 30 countries of them will send major navy leaders to participate, according to Qiu.

Nearly 20 foreign vessels of various capabilities, including destro

yers, frigates and landing ships, will join Chinese vessels in the naval parade, show

ing to the world the “firm determination to safeguard peace and seek development with joint efforts,” Qiu said.

Organizing multinational naval parades is a unique ceremonial activity of navies, according to Qiu.

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The Temburong Bridge, the largest infrastructure

unei’s history, will become the country’s longest sea-crossing bridge with a total length of about 30 km. It is scheduled to open to traffic by the end of November 2019.

The CC4 section of the bridge is constructed by China State Construction Engineering C

orp. At around 11.6 km of the 11.8 km-long section will be a land viaduct traversing the mangrove swamp of the

Labu Forest Reserve, the company has established a set of strict safety and green construction evaluation systems to mee

t the high demand for environmental protection and cope with unprecedented difficulty in construction.

The Padma Bridge, 25 meters in width and 10 km in length, will

be built over the Padma River, one of the three major rivers in Bangladesh.

In June 2016, China Railway Major Bridge Engineering Group Co Ltd was awar

ded a $1.55-billion contract by the Bangladeshi government to build the core structure of the bridge.

The bridge is the country’s largest infrastructure project, as wel

l as the largest foreign bridge project undertaken by Chinese companies in terms of total cost.

Once completed, travel time between the capital, Dhaka, and the southern city of Khulna will be shortened to about three hours from 13 hours.

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ation and safety officials Daniel Elwell, Robert

US senators sharply questioned regulatory officials on Wedne

sday about the Federal Aviation Administration’s reliance on Boeing Co’s engineers to cert

ify the safety of the company’s new 737 Max 8 aircraft, which was involved in two fatal crashes in the past five months.

A self-certification procedure called Organization Designation Authorization came under scr

utiny at a hearing of the Senate Commerce Committee’s aviation subcommittee in Washington. Testifying wer

e Daniel Elwell, acting FAA administrator; Robert Sumwalt, chairman of the National Transportation Saf

ety Board; and Calvin Scovel III, Transportation Department inspector general.

For decades, the FAA has delegated some authority for certifying new aircraft to the manufacturers, reducing government costs.

After the crashes of Lion Air in Indonesia in October and Ethiop

ian Airlines this month, which killed a total of 346 passengers and crew members, critics have ci

ted the self-certification process as evidence of an overly cozy relationship between the FAA and the industry.

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As if that was not enough of a provocation, Christensen

 said the first consultation will be held in September when a US delegation, led by a senior official fr

om the State Department’s Bureau of Democracy, Human Rights and Labor, is expected to visit Taipei.

The US has been using one pretext or the other to provoke Beijing and violate the 1979 Joint Commun

iqué. But for the sake of Sino-US relations and regional peace, Washington should realize that instead of gain

ing anything, it would suffer huge economic and political damage by interfering in China’s internal affairs.

Xi’s message of peace and reunification

Delivering a speech to mark the 40th anniversary of the Message to Taiwan Compatri

ots on Jan 2, President Xi Jinping said that, on the basis of the common political foundation of uph

olding the 1992 Consensus and opposing “Taiwan independence”, political parties and people across all sectio

ns of society on both sides of the Straits can recommend their representatives to hold in-depth dem

ocratic consultations and establish institutional arrangements for peaceful development of cross-Straits relations.

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The Italian side looks forward to enhancing cooperati

tion with China on jointly building the Belt and Road, She said.

Noting that the history of Italy-China exchanges for the past 50 years has been a history of dia

logue and friendship, the speaker said the Italian Senate is willing to facilitate exchanges between the two cou

ntries’ legislative institutions, and continue to make contributions to deepening Italy-China friendly cooperation.

Xi arrived in Rome Thursday for a state visit to Italy, the first stop of his three-nation Europe tour, which will also take him to Monaco and France.

hinese authorities have unveiled detailed measures to implement valu

e-added tax reform, a key step to boost market vitality and stabilize economic growth.

Starting April 1 this year, the 16 percent VAT rate that applies to manufa

cturing and other sectors will be lowered to 13 percent, while the rate for construction, tran

sport and other sectors will be reduced from 10 percent to 9 percent, said a joint statement released on Th

ursday by the Ministry of Finance, State Taxation Administration and the General Administration of Customs.

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North Korea has yet to issue any direct public statement on

  the decision to withdraw. Chad O’Carroll, an analyst and chief executive of the K

orea Risk Group, said the move was to be expected following the failure of the Hanoi summit.

  ”North Korea’s pull-out Friday from the Kaesong Lias

on Office has been on cards since Hanoi, given recent no-shows there,” he said on Twitter.

  He added that the move was designed to send a message that from

Pyongyang’s perspective “Seoul has insufficient influence” over the US-North Korea rela

tionship and that intra-Korean talks are increasingly pointless, “when sanctions prevent practical cooperation.”

  Following the Trump-Kim summit in Hanoi, the US and South Korea canceled major war ga

mes that have long been a source of tensions on the Korean Peninsula in order to “support diplomatic efforts” with Pyongyang.

  Speaking on Thursday, Joseph Dunford, chairman of the US Joint Chiefs of Staff, said he was “absolutely confide

nt” that smaller exercises held in place of the traditional war games enabled the US and South Korean forces to “maintain readiness.”

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Two climbers killed in avalanche on Ben Nevisled to Ben N

  Two climbers have died and another two are injured after an avalanche on the UK’s highest mountain, Ben Nevis.

  Police and mountain rescue personnel were called to the scene, in the Number 5 Gully area just before midday.

  ”We can sadly confirm that two people have died and two people have been injured,” Police Scotland said in a statement.

  Avalanche danger level ‘extreme’ in Colorado

  ”Volunteers from Lochaber and Glencoe Mountain Rescue Teams remain at the scene and were assisted by the Mariti

me and Coastguard Agency and Scottish Ambulance Service,” Police Scotland said, according to the UK’s Press Association.

  An air ambulance, three ambulances and a trauma team were lat

er sent to the peak, the Scottish Ambulance Service said in a separate statement.

  The Scottish Avalanche Information Service has warned that there is a high risk of avalanches in the area at the moment.

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