t of Tesla Inc. The official website of Tesla even crashe

The development of national economic and technological development zones should stick to innov

ation and opening-up, prioritize high-quality output, and remain market-oriented, the circular said.

A slew of approaches will be taken to beef up the open econom

y quality of the development zones, including diversifying ways of utilizing foreign inves

tment and introducing multinational enterprises’ regional headquarters, research and development cent

ers, and finance departments. Improving the quality of foreign trades and supporting qualified development zone

s to establish comprehensive bonded areas also are among the plans.ent zones, in a bid to boost their international co

mpetitiUS electric car maker Tesla Inc priced its China-made Model 3 vehicles from 328,000 yuan ($47,529) on Friday, acco

rding to a report from wallstreetcn.com. The first pre-order for Tesla Model 3 was completed in just three min

utes after registration started on Friday morning, according to the official Sina Weibo accoun

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Trump arrives in Japan for state visitUS President Donald Trump

 arrived in Japan for a state visit that will make him the first world leader to meet the country’s new emperor.

Trump and first lady Melania Trump arrived Saturday aboard Air Force One after a 14-hour journey. The president was h

eading to a dinner with business leaders at the US Ambassador’s residence in Tokyo after a brief airport welcome.

The visit is part of a continuing charm offensive by Japanese Prime Minister Shinzo

Abe that analysts say has spared Japan from far more debilitating retaliatory action by Trump.

The president has refused to lift the threat of slapping potentially devastating US

tariffs on imports of Japanese autos and auto parts on national security grounds.

US tariffs against Japanese aluminum and steel remain.

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Lu’s comment followed US Treasury Secretary Steven Mn

nuchin’s comments on Wednesday that he is hopeful that both countries can “go back to the table”.

Lu told a Foreign Ministry news briefing that China has reiterated that it

s door is always open, but negotiations must be meaningful and conducted with sincerity.

“A mutually beneficial deal must be based on mutual respect, equality and win-win outcomes,” he said.

The US, out of political purposes, has used its state power to groundlessly suppress Chinese te

ch firms, which has severely affected the global development and cooperation in science and technology, he said.

It has also damaged the interests of businesses of relevant countri

es and will not win the approval and support of the international society, he added.

“Apparently it will not help create a good atmosphere for the negotiations,” he said.

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True, the first quarter of 2019 yielded better-than-expe

ted results. But the higher rate of FAI growth was to a large extent driven by a strong increase in investment in real estate, which is l

ikely to weaken sooner or later owing to the government’s commitment to cooling China’s “real-esta

te fever”. And, given the trade frictions with the US, China’s export performance for the rest of 2019 is highly uncertain.

To compensate for declining investment in real estate and weakening exports, China must maintain reasonable growth in inf

rastructure investment. To that end, the government should pursue higher spending (taking advantage of a strong fis

cal position), supported by accommodative monetary policy (amid very low inflation).

Fiscal and monetary expansion may be out of fashion among China’s mainstream economists, who insist that struct

ural adjustment must be the priority. But it could go a long way toward bolstering China’s economic per

formance in 2019, without impeding structural reform. The challenge is to strike the right balance.

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China’s tech heavyweights said the digital economy ha

s become a driving force behind economic growth, and interne

t companies should concentrate on making breakthroughs in core technologies.

“The country is narrowing the gap with developed countries, especially in autonomo

us driving, cooperative vehicle-infrastructure systems and intelligent transportation. We started a little late, but o

ur pace is faster and our potential is bigger,” said Robin Li, chairman and CEO of leading Chinese search engine Baidu Inc.

He noted that AI will have an impact on the internet and China should firmly grasp the historic opportuni

ties of AI, and the country’s efforts in technological innovations will begin gradually changing the world.

Pony Ma, chairman and CEO of Tencent Holdings Ltd, said the e-government is becoming the driving force for cons

truction of a digital China and high-quality social and economic development, and internet firms should co

nsolidate basic research and focus on making breakthroughs in core technologies.

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As an important power promoting human develop

ment and progress, international communicators should further play up their special role in advancing unders

tanding, deepening friendship and expanding cooperation in the fast-changing world. They should push world pro

gress in the right historical direction while promoting exchanges among civilizations and mutual learning.

First, we should act as promoters of exchanges among human civilizations. The mutual depende

nce, exchanges and learning of different civilizations give shape to the abundant and colorful world tod

ay. As the UNESCO Universal Declaration on Cultural Diversity points out, cultural diversity “is the common herit

age of humanity”. The diversity of human civilizations is a basic characteristic of the world, as well as a sour

ce of the progress of humanity. In turbulent international situations, to maintain world peace, devel

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The annual report estimates that total electricity cons

umption in 2019 is expected to grow 5.8 percent. Demand for coal is expected to hit 3.95 billion

tons, with the power sector still playing a significant role in the consumption of coal.

Consumption of oil is predicted to reach 620 million tons, up 1.6 percent year-on-year, while

the growth rate for natural gas consumption is expected to slow, with an annual consumption of 310 billi

on cubic meters in 2019, up 10.4 percent year-on-year, it said.The 2019 Beijing International Horticultural Ex

hibition (Expo 2019 Beijing) opens to visitors Monday, and will showcase a wide variety of flowers, fruits, vegetables and

herbs from across the world, including more than 300 rare and endangered plant species.

Nearly 20,000 volunteers across media, translation and giving directio

ns will work at the 162-day event, running April 29 – Oct 7. Click to watch their greetings in s

even languages: Chinese, English, Russian, French, German, Spanish and Japanese.

ax147.cn

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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China’s foreign trade climbs in 2019’s first quarter

China’s foreign trade climbed 3.7 percent year-on-year to 7.01 trillion

yuan ($1.04 trillion) in the first quarter of this year, customs data showed on Friday.

During this period exports grew 6.7 percent to 3.77 trillion yuan, while imports increased 0.3 percent to 3.24 tri

llion, according to the General Administration of Customs.Editor’s Note: The United Stat

es has repeatedly called on the World Trade Organization to cancel China’s and some other members’ developing

country status and the special and differential treatments that come with it. Does the US’ dema

The steady expansion of trade can be attributed to stable domestic economic growth and an

increase in import and export prices, customs authority spokesman Li Kuiwen told reporters.

Trade with the United States stood at 815.86 billion yuan

between January and March, down 11 percent year-on-year, according to the data.

xujiaqing.net.cn

The move could also boost economic development, espe

ecially the development of the tourism sector, a pillar industry of China.

In fact, after the four-day holiday was announced on March 22, tourism-related stocks rose sharpl

y. Also, the number of tourists and tourism revenue during May Day holiday this year are set to increase by ab

out 8 and 9 percent year-on-year, respectively, according to China Tourism Academy.

But the actual number of holidays has not increased because April 28 and

May 5 being Sundays are make-up working days. And since there is a debate on whether t

he government should put people’s demand for longer holidays above economic development, the four-day hol

iday without reducing the number of working days will help the government and companies to strike a balance bet

ween maintaining economic development and meeting people’s need for longer holidays.

But why do Chinese people crave for longer holidays? They do so be

cause some employers, especially in some underdeveloped regions, have not given (or

have been reluctant to give) the paid leave to their employees. Besides, national holidays put

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