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Under current party rules, she cannot be challenged again

n for a year, but some on Brady’s committee had pushed for those rules to be change

d in order to try to force her out earlier if she refused to set out a clear departure date.

Boris Johnson, the face of the campaign for Britain to leave the Europea

n Union, said he would stand as a candidate to replace May as Conservative leader.

May’s Brexit deal has been rejected three times by parliament, and weeks of talks with the opposition Labour Party, the idea

of which was deeply unpopular with many Conservatives, have failed to find a consensus on the way forward.

A BBC reporter said on Thursday those talks were due to be

called off soon after the ruling Conservatives gave up on any hope of a resolution.

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considerable excitement. True, the company faces similar

bstacles to those that Asian and Latin American platforms previously had to overcome, including a

lack of reliable payment systems, low trust between buyers and sellers, and logistics and deliv

ry bottlenecks. But the experience of other regions shows that these shortcomings can be addressed over time.

Internet regulations must not be disruptive

The bigger risk to these platforms stems from the inevitable and necessary increase in regulation of the internet arou

nd the world. In particular, diverse national regulatory regimes may inadvertently or deliberately disrupt or bloc

k the international development of e-commerce ecosystems, hurting lower-income countries in the process. Avo

iding the creation of such unintended obstacles should therefore be a high priority for the international community.

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address Conference on Dialogue of Asian Civilizations

 President Xi Jinping will deliver a keynote speech at the opening ceremony of the Conferen

ce on Dialogue of Asian Civilizations to be held on May 15 in Beijing, a senior official said Thursday.

Xu Lin, deputy head of the Publicity Department of the Communist Party of China Cen

tral Committee and director of the State Council Information Office, made the announcement at a press conference.

Under the theme of “exchanges and mutual learning among Asian civilizations and a community with a shared futu

re,” the conference includes an opening ceremony and sub-forums, said Xu, also vice president of the event’s executive committee.

More than 2,000 government officials and representatives of various circles from 47 Asia

n countries and other countries outside the region will attend the opening ceremony and forums, said Xu.

A grand Asian culture carnival, an Asian civilization week, and an Asian food festival will also be held during the event.

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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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Lu made the remarks in response to recent media repo

 reports that India decided not to send a delegation to the second Belt and Road Forum for Internati

onal Cooperation later this month in Beijing. The reports said the initiative undermines the South Asia

n nation’s sovereignty via the BRI-related China-Pakistan Economic Corridor.

Lu said that, “If this decision about whether to participate in building the Belt and Road

was possibly made through a misunderstanding”, China firmly and sincerely advances the constr

uction of the Belt and Road on the basis of consultation and contribution for shared benefits.

He added that the initiative is open to all parties that are inter

ested in and willing to join in win-win cooperation.

It will not exclude any party, he said, adding that China is willin

g to wait if relevant parties need more time to consider their participation.

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But the underlying trend for the past five years is enc

ncouraging: annual TFP growth of about 3 percent, with especially strong growth in the tertiar

y sector. So, notwithstanding the recent slowdown in aggregate GDP growth, services-led Chi

nese rebalancing is imparting meaningful productivity leverage to the economy as a whole.

The question now is: Can China sustain its recent TFP trajectorya dist

inct possibility in light of an increasingly powerful shift to indigenous innovation and

the sustained services-led productivity of a growing cohort of well-educated knowledge workers-as well as rea

p the benefits of continued upgrading of its capital stock? If it can, the new Chinese study concludes that China’s potential GDP growth rate could hold aro

nd 6 percent over the next five years. Such an outcome would conform quite closely with China’s longer-term ambitions.

So, despite the days of 10 percent Chinese growth being over, which w

as inevitable, there is good reason to believe that the real story is China’s shift from qua

ntitative to qualitative growth. Which suggests China will defy yet again widespread fears of a looming middle-income trap.

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Ardern met with Premier Li Keqiang on Monday morn

ing, and the two witnessed the signing of four cooperative documents to pr

omote cooperation in tax issues, agriculture, finance and science at a signing cer

emony. A joint declaration on climate change was also released after their meeting.

Zhao Jianglin, a researcher of Asia-Pacific economic studies at the Chinese Academy of Social Sciences, said the visit by Ardern

will provide a timely boost to China-New Zealand relations after the dispute over the use of Chinese telecom equipment.

China has been a key trade partner with New Zealand, which could also provide important s

upport to the Belt and Road Initiative and China’s relations with countries in the South Pacific, she said.

A price cut swept China’s many sectors on Monday, as value-added tax rate reduction officially kicked in.

This year’s Government Work Report, which was released las

t month, said the rate bracket of 16 percent in manufacturing and other industries will

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Is the United States about to lose control of its secretive

  The secretive Diego Garcia military base may be 1,000 miles from the nearest continent, but it has all the trappings of a modern American town.

  The troops here can dine on burgers at Jake’s Place, enjoy a nine-hole golf course, go bow

ling or sink a cold beer at one of several bars. The local command has nicknamed the base the “Footprint of Freedom.”

  But while cars here drive on the right side of the road, this is not

American soil: It is, in fact, a remote remnant of the British Empire.

  That is because in 1965, in the middle of the Cold War, the Unite

d States signed a controversial, secret agreement with the British government to lease one of the

60 or so Indian Ocean atolls that make up the Chagos Islands to construct a military base.

  That deal was secret because the UK was in the process of dec

olonizing Mauritius, of which the Chagos archipelago was a dependency.

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Once implemented, the law will replace three existing

 laws on Chinese-foreign equity joint ventures, non-equity joint ventures and wholly foreign-

owned enterprises, which were mainly legislated between 1979 and 1988 and then revised.

“The draft law reflects experience on foreign investment governance that China has accumulated over the past decade, and

it sets up a comprehensive basic law framework that resonates well with China’s current situation in attract

ing foreign investment,” said Cui Fan, a professor at the University of International Business and Economics.

“When the three old laws were made, foreign investment came to China mainly because of t

he low human resources cost, but now China’s huge market potential is much more alluring.”

In addition, as globalization goes further, competition between countries and regions is intensifying, which has indu

ced China to further adjust laws and regulations to create a better environment for foreign investment, he said.

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China to remain NYSE’s major contributor of int’l IPOs i

China has been a major market for the New York Stock Exchange (NYSE) when it comes to international initial public offerings

(IPOs) over the past few years, and the trend will continue in 2019, according to the exchange.

The wholly-owned subsidiary of Intercontine

ntal Exchange finished 2018 with 125 billion U.S. dollars in proceeds raised from 356 transactions. In a year mark

d by elevated volatility in U.S. equity markets, NYSE issuers raised 30 billion dollars in proceeds from 73 IPOs, statistics showed.

A total of 25 international IPOs were executed during the year, raising 10 bi

llion dollars in proceeds, including Tencent Music Entertainment Group from C

hina, PagSeguro Digital Ltd. from Brazil, and Hudson Ltd. and Farfetch Ltd. from Britain.

A total of 18 Chinese companies raised more than 4 billion dollars in proceeds las

t year, the exchange said in its response to Xinhua’s inquiry. The compa

nies are from a variety of industries, including education, hospitality, technology, and automotive.

Alex Ibrahim, head of international capital markets at NYSE, told Xinhua that it was a “huge highlight” to have compan

ies like Tencent Music Entertainment listing on the exchange and raising over 1 billion dollars.

The IPO of Nio, a leading Chinese electric vehicle maker, also raised more than 1 b

illion dollars and was a very successful transaction, he noted. “It was super exciti

ng to see those cars in front of the exchange and in Times Square,” Ibrahim said in an exclusive interview with Xinhua.

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