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The capital issued blue alert for strong winds on Sunda

with five suburban districts of Tongzhou, Yanqing, Changping, Huairou and Shunyi upgrading it to yello

w alert later. These areas were hit with strong winds as high as 8-9 grades, with gales reaching 10 grade

at some places. According to forecast, the wind could still be as high as 7-8 grades on Monday.

The gale toppled a wall near Dongzhimen Bridge in downtown Beijing, hitting three pedestrians,

two males and one female. Two of them died at the scene and one at hospital, Dongcheng District said via Sina Weibo.

Food delivery service Meituan said one of its deliverymen was hit and killed by a fallen tree when delivering food.

The speed of wind reached 10-15 meters per second at the Capital International Airport starting from 10 a

m Sunday, with gales as fast as 20-25 meters per second, the airport said. Due to the strong wind, th

e operational ability of the airport dropped and remained low until 7 pm Sunday.

51kuban.com.cn

He said that it’s of great importance to promote such philos

philosophies to enhance the exchanges and mutual learning of diverse civilizations.

Frederick W. Russell-Rivoallan, a program specialist and head of social and human sciences for UNESCO, hailed the dialogue of Asian civilizations.

“It’s a great way to concentrate in this part of world, but it’s also

a global inspiration – bringing countries together, understanding other cultures, respecting each

other and sharing with each other,” he said. “That’s the way that we can understand each other better and live together better.”

China will extend 1,000-Megabyte broadband connection to more than 300 cities and cut the

average service rates by 15 percent for small and midsized enterprises this year. The measures are desi

gned to achieve multiplying effects of expanding domestic demand, boosting employment and improving people’s lives.

The decision was made at the State Council’s executive meeting chaired by Premier Li Keqiang on May 14.

zhoujianhe.cn

According to the latest plan, the new line will extend north

ward underground to Lize Financial Business Area, which is about 3.5 km from Caoqiao Statio

n, so passengers can transfer to Line 14 and Line 16, which are under construction, and Line 11, which is planned.

Masood Khalid, Pakistani ambassador to China, said Chinese culture is a reflection of the cou

ntry’s long and rich history. “It is a civilization that has made an imprint on global culture,” he said.

The ambassador listed a variety of manifestations of Chinese culture, which include Chinese cuisine, dance, art, and costume.

“The way Chinese people attach importance to their family and their children, lookin

g after the elderly – all these practices and traditions have been inherited over time,” he said. “Then after har

d work, they come together with their families and friends.”

A city terminal will be established in the Lize Financial Business Area, p

roviding check-in and luggage check services. Passengers will enjoy more convenience with

the ability to check their luggage and get their boarding passes before they arrive at the new airport.

www.boervon.cn

Uber was the biggest of a group of Silicon Valley startu

ups that have spent years raising money in private rounds at record prices. Many of these com

panies are now looking to follow with their own IPO. Some, like Uber and Lyft, are unprofitable.

Workplace messaging company Slack Technologies Inc plans to hold an investor presentation on Monday in adv

ance of its direct listing next month. Grocery and food delivery platform Postmates, WeWork owner The We Co

mpany and online mattress retailer Casper Sleep are among startups seeking to launch IPOs this year.

“If a venture capital investor wants to burn cash they can do that as long as they want, bu

t once you get to the public markets you have to show profitability or a path to it,” said Jordan Stuart, a po

rtfolio manager at Federated Kaufmann who often purchases companies’ shares during an IPO.

wrplg.cn

No quick fix for decades-old Israeli-Palestinian enmity

Concern over the recent escalation of tensions between Palestinians and Israelis have been temporarily relieved after Palestin

ian leaders in Gaza agreed a cease-fire with Israel early on Monday. Right now, nothing is more important than u

pholding the cease-fire as the atmosphere between the two rivals has not been so combustible since 2014.

Since Friday, militant groups in Gaza have fired more than 600 rockets a

nd other projectiles at southern Israeli cities and villages, killing four Israeli civilians, wit

h Israel retaliating with air and artillery strikes, killing 27 people, including 14 civilians, in Gaza.

The latest border clashes, the most deadly since 2014, have occurred against the backdrop of the changing Middle East po

licy of the United States, which has seen the US drop any pretense of impartiality and make clear its support of Israel.

cdyyfq.cn

Only toward the end of the last century, global econom

 integration-trade, investment and finance-began benefiting large emerging and developing econ

omies. To be sustainable, globalization cannot serve just a few wealthy advanced economies. It m

ust also serve poorer and faster-growing economies, which today account for most of the global growth.

So, by flirting with trade protectionism and punitive tariffs on imports, adva

nced economies are seeking to implement the wrong policies at the wrong time. As the adv

anced countries have fallen into secular stagnation, they desperately need growth. Therefore, the rise of poorer eco

nomies is not a win-lose game, because it benefits the advanced economies, too.

In the aftermath of the 2008 global financial crisis, all major advanced econom

ies would have faced another Great Depression without the support of large emerging economies, particularly Ch

ina. And the contribution of these countries to global GDP growth is expected to climb to 80 percent by 2050.

xjpdax.cn

Embrace exhibition through greener lifestyle at the

The Beijing International Horticultural Exhibition opened just two days before the May holiday, giving

the public a close-up view of state-of-the-art gardens created by horticulturists from around the world.

China hosted a similar exhibition in Kunming, Yunnan province, in 1

999. In the two decades since, the social and economic situations in China have unde

rgone tremendous changes. A growing awareness of environmental protection is one of them.

Two decades ago, the Chinese people embraced the Kunming horticu

ltural show as a novelty and curiosity because the countr

y at that time did not have many opportunities to host large international gatherings.

Economic development at the time was the top priority of the country,

which explains why the news media were so interested in reporting that 15 billion yu

an ($2.23 billion) in economic and trade deals were inked during the exhibition.

vnynui.cn

Overholt said “the list of issues that President Xi has

addressed are the issues that the business community is concerned about”.

“It is excellent that President Xi recognized some problems,” especially those associated with its Belt and Road Initi

ative, such as transparency and corruption, said Craig Allen, president of the US-China Business Council.

Experts also were interested in how the reform policies and laws would be implemented, something Xi addressed in his speech.

“People are very positive about the direction, but they need to

know the details” of how the promises would be delivered, Overholt said.

Xi, citing the old Chinese saying “honoring a promise carries the weight of gold”, pledged to install a binding mec

hanism for international agreements, to make sure governments at all levels operate in well-regulated wa

ys, and to update laws and regulations to abolish unjustified practices, keeping in line with the needs of opening-up.

www.jvuau.cn

In 2018, Huawei spent $15.3 billion on technology R&D

ranking in fourth place following Samsung, Google’s parent Alphabet and Amazon. Data als

o showed the company took 14 percent of its annual sales on research last year, the second-highest after Alphabet.

Huawei’s R&D spending totaled 480 billion yuan ($71.3 billion) over the past 10 years, ac

cording to its annual report. Besides, the tech behemoth achieved 721.2 billion yuan in global sales in 2018, a 19.5

percent increase year-on-year, and net profit reached 59.3 billion yuan, up 25.1 percent compared with a year earlier.

Smartphone sales from the company gained 348.9 billion yuan las

t year, a 45.1 percent rise year-on-year accounting for 48.4 percent of total revenue.

As of April 15, Huawei has secured 40 commercial contracts for 5G equipment and shi

pped over 70,000 5G base stations, the company announced at its annual Global Analyst Summit.

www.weilutu.cn

China will improve the market environment for c

 car sales and expand the supply of automobiles as part of its latest efforts to boost auto consum

ption, Gao Feng, the spokesperson for the Ministry of Commerce, said at a press conference early this month.

By the end of 2018, China’s six cities namely Beijing, Shanghai, Shenzhen, Guangzhou, Hangzhou and Tianijin carried

out the purchase restriction of fuel-powered passenger cars, said Shao Jiang, an analyst at Everbright Securities. “If thes

e cities double their rising number of new cars, it could bring a 2.8 percent year-on-year growth for the wh

ole passenger car market.”Editor’s Note: The eight explosions in Sri Lanka on Easter Sunday have claimed more tha

n 300 lives and left over 500 people injured. A ninth explosion was reported on Monday near a church in Colombo, but n

one was reported killed or injured. The Islamic State reportedly claimed responsibility for the bombings on Tue

sday. Two experts share their views on the attacks with China Daily’s Liu Jianna. Excerpts follow

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