We simply do not have the luxury of weeks of navel

l gazing or days and days of whittling candidates down to the fi

nal two,” Brokenshire said in a speech at the Policy Exchange, a center-right think tank.

Elder statesman and former chancellor of the exchequer Ken Clarke said on BBC Radio 4’s Today program that the contest ha

d become a “shambles”and was “in danger of becoming a rather tragic farce, unless some order is brought into it”.

Hopefuls have been seeking high-profile endorsements and unveiling policy proposals ahead of May’s resignation on Friday.

Former foreign secretary Boris Johnson, who is seen by many as a fron

trunner, got a thumbs-up from United States President Donald Trump on the weekend an

d was further boosted by Liz Truss, chief secretary to the Treasury, and Kwasi Kwarteng, the Brexit min

www.shlf555.cn

Paula Polito, client strategy officer at UBS global wealth

?management, said they are seeing high levels of cash globally. But she also stressed that, alth

ough it increases liquidity, cash may not necessarily be a safe strategy in the long run.

Faced with many uncertainties, including downward pressure on China’s economy and escalating trade fricti

on between China and the United States, 36 percent of the 465 Chinese high net worth ind

ividuals – those with average personal wealth of at least 10 million yuan ($1.45 million) – polled by the Hurun Research In

stitute said that the focus of their investment strategy will be to “avoid risks” this year, mainly by increasing

asset allocation to fixed income products, gold, bank deposits and currency products in the next three years.

Mark Haefele, chief investment officer at UBS global wealth management, said that investors sometimes focus too much on th

eir home region. “Diversification is still the best way to access opportunities and sidestep domestic risks,” he said.

www.shlf888.cn

Accelerating the opening up of China’s commodity futu

ures market will help foreign investors optimize their renminbi-denominated asset portfolios as they can inc

orporate investment targets of a wider variety, said Wang Tingting, an associate pro

fessor of finance with the Central University of Finance and Economics in Beijing.

“Moreover, as foreign investors’ trading helps boost liquidity in the domestic market and makes the price changes mor

e consistent with international trends, domestic market participants can also better hedge against risks,” he said.

Experts also expect China to open up the stock index futures market to foreign invest

ors, as they have large exposure in the A-share market and are therefore in need of this risk management tool.

www.shlfao.com

To make up for the increasing savings gap, the US need

eds to introduce and use more foreign capital, which will further enlarge

the trade deficit. Therefore, the US cannot simultaneously maintain a high growth r

ate, invest massively in infrastructure, reduce the trade deficit and restrict the inflow of foreign capital.

What is really questionable is that, despite its contempt for over-regu

lation of the economy, the US administration has been trying to impose regulations on int

ernational trade, even for its trade partners’ domestic economic management.

Results for US may be unsatisfactory

The US administration’s more often than not conflicting goals have

resulted in the trade conflicts with China and other countries. For instance, China’s exports to t

he US grew 11.3 percent and its trade surplus with the US increased to $323 billion in 2018, up 17.3 percent year-on-year.

www.shlfas.com

Huawei has more than 13,000 component and service su

uppliers worldwide. In November, it unveiled a list of its 92 core suppliers for the first ti

me. Thirty-three of them are from the US, including chip giants Qualcomm Inc and Intel Corp.

Wang Yanhui, secretary-general of the Mobile China Alliance, said, “Huawei has also been pre

paring for such a situation for some time and has hoarded chips to handle a worst-case scenario.”

The company became the world’s third-largest buyer of semiconductors last year.

China will definitely safeguard the legitimate rights and interests of its businesses, and Trump’s executive order is n

ot a “constructive and friendly” gesture, Foreign Ministry spokesman Lu Kang said on Thursday.

shanghaijiaoche.cn

As a result, it is paramount to use new technologies and

international cooperation to jointly tackle these natural disaster risks, protect ecological security and achieve sustainable development,” Bai said.

The academy will continue to collaborate with foreign partners to create new platform

s and mechanisms to improve disaster management and ecological protection, he added.

Mami Mizutori, head of the UN Office for Disaster Risk Reduction, said in a video speech that th

e scale and reach of the world’s largest infrastructure initiative will impact billions of people and reshape the ph

ysical world, and countries should be mindful of these projects’ impact on the environment and inhabitants.

“It is encouraging that the government of China is taking proac-tive measures to ensu

re that the development of the Belt and Road Initiative is risk-informed and sustainable,” she added.

www.njyshsnw.com

ime Minister Mahathir Mohamad’s championing of Asian value

the ideal way to govern their countries.Lee and Mahathir maintained that i

n Asia, social order and strong governance are keys to a stable and wealthy society.

This type of governance succeeded in fostering rapid growth in Singap

ore, Malaysia, South Korea and China. Santarita said strong Asian leaders are effe

ctive because they serve their constituents and value mutual respect and discipline.

Analysts said the Asian emphasis on community and harmony can help resolve some of the world’s most pressing intern

ational issues such as territorial disputes, climate change and sustainable economic development.

Santarita cited the current dispute over the South China Sea which somet

imes strains relations between nations. He said the claimants can opt to work t

ogether to develop and share resources offered by the South China Sea’s blue economy.

ashmh.com

Huang Jing, 25, from Jiangyin, Jiangsu province, said

?she buys cosmetics, handbags and clothing from top brands through cross-border e-commer

ce platforms every month. Sometimes, she drives for one to two hours to neighboring bigger cities, such a

s Wuxi in Jiangsu, and Shanghai for shopping. She also plans two or three overseas trips every year.

“I don’t have any housing or car loans, and don’t have to worry about daily costs, as I live with my parents. I usually spend all my sa

lary on daily consumption and entertainment, which is quite common for people such as myself,” she said.

Jason Yu, managing director of Kantar Worldpanel, said small-to

wn youths look to the internet for the latest information, products and lifest

yles. The gap between young people in lower-tier cities and those in metropolises has narrowed greatly.

“Small-town youths now have broader horizons, are well informed, and some have even started to lead ‘avant-garde’ lifestyles,” he said.

akiok.cn

The Belt and Road Initiative is now running for a coupl

of years and has achieved success even in Europe, but it is not finished yet and?it should be a win-wi

n situation for China and Europe. China is a very big market and an important global player.

China is Germany’s biggest trading partner, so I think there will be a good future for the two countries.

The Belt and Road Initiative has been a very successful integration proj

ect which is bringing China closer to the world. President Xi Jinping’s speech today is outli

ning that more and more countries can participate, share prosperity, as well as win-win results.

I think that the future will be bright and that especially t

he West needs to better understand what this Belt and Road Initia

tive means and why this shared prosperity can be created and benefit people across the world.aime Irachande Gouv

eia, coordinator of Belt and Road Initiative Research Center at University Eduardo Mondlane, Mozambiqu

sh419ss.com

The Belt and Road Initiative aims to build the Silk R

oad Economic Belt and the 21st Century Maritime Silk Road and deliver policies, infrastructu

re, trade, financial and people-to-people connectivity via a new platform for a brighter future.

Tesla Inc lost $700 million in the first quarter but predicted it wou

ld return to profit in the third quarter as it cuts costs an

d improves delivery after facing issues ramping up shipments outside the United States.

Shares of Tesla were about flat after the results, which came more than an hour afte

r they were expected and after a sales contraction in the quarter raised investor concerns.

The company, which many analysts predict will need to raise

funds for its expansion, said it ended its first quarter wi

th $2.2 billion in cash after paying off a $920 million convertible bond obligation in March.

shlf2021.cn