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Liu, who turned himself in, stepped down in Janua

ary as chairman of the China Securities Regulatory Commission, a position he kept for three years before being replaced by Yi Huiman.

The central commission said in the statement that Liu is cooperating with the probe.

hina’s housing regulator has warned four Chinese cities over price rises in the past three months, the Economic Observer reported.

Local governments of Foshan, Suzhou, Dalian and Nanning were urged by the Ministr

y of Housing and Urban-Rural Development to stabilize land and housing prices as well as market expectations.

This came a month after six other cities were also warned over similar reasons on April 19.

www.shangjianxiachui.cn

Wang stressed if one side is trying to place extreme press

extreme pressure on the other, it will cause a legitimate counterattack.

“The measures from us are not only to safeguard China’s own rights, b

ut to protect the basic rules of the current multilateral trading mechanism,” Wang said.

Wang made the remark in a joint news conference with his Russian

counterpart Sergei Lavrov during his visit to the Black Sea coastal city of Sochi.

Experts warned that the rising US tariffs on Chinese imports risks a full-blown trade war, which will bring harm to both sides.

Major Wall Street stock indexes declined more than 2 percent on Monday, followi

ng China’s announcement of countermeasures in response to Washington’s latest tariff move.

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Compadrazgo, a Spanish word that literally translates to

co-fatherhood”, is based on a kinship ritual that is formed after a child gets baptized into the Roman Catholic faith.

For the predominantly Catholic and close-knit Philippine society, the go

dfather (known as the padrino) is part of one’s extended family and is expected to h

elp and protect his godchild. The godchild is expected to respect and be loyal to the padrino.

Bapakism is derived from the Indonesian word for “father”. When used

in Indonesian business, bapakism demands great respect and obedience to one’s supe

rior. The manager in his role as the company’s bapak is expected to look after and care for his employees.

Although Asian values are steeped in an ancient culture and tradition, it was

only in the 1990s that this concept drew global attention. This was partly due to Asian lead

ers like the late Singaporean prime minister Lee Kuan Yew’s and current Malaysian Pri

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They cited a report in February from Trade Partnership World

wide as saying that increasing tariffs on $200 billion of goods to 25 percent, coupled with tariffs already in place — as well as expect

ed Chinese retaliation — would reduce US employment by more than 934,000 jobs and push down the US GDP by 0.37 percent.

According to data from the General Administration of Customs, two-way trade between China and

the US declined 11.2 percent year-on-year to 1.1 trillion yuan ($162.5 billion) in the period from January to April.

The fact that Beijing is still sending a delegation to the US for the trade talks is “very wise on China’s part”, said Gary Hufb

auer, a senior fellow and trade expert at the Peterson Institute for International Economics in Washington.

Douglas H. Paal, vice-president of the Asia Program at the Carnegie Endowment for Internat

ional Peace, said it “makes sense to continue the talks because the alternative would be a drastic signal to markets”.

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At least 41 dead in Russian passenger plane fire

Russia’s Investigative Committee says 41 people died in fiery airliner accident at Moscow airport.

The Russian Superjet 100 was flying from Moscow to Murmansk when a fire broke out on board. Aeroflot Flight SU1492 ret

urned to Moscow’s Sheremetyevo Airport, making a hard landing, news agency Interfax reported.

“According to our data, more than 10 victims needed medical

care,” Tass news agency quoted a source in the medical services as saying.

Earlier, the regional emergency services reported six victims.

The plane reportedly took off from the Sheremetyevo airport at 18:00 local time (1500 GMT) and

made an emergency landing after circling over the Moscow region for about 40 minutes.

It was “engulfed in flames” before the emergency landing, Tass quoted a source as saying.

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NTSB team has expertise in aircraft operations, structure

powerplants, human performance, weather, airports and other ar

eas,” the agency said, adding that it expects to brief the media later in the day.

The plane, chartered from Miami Air International, was attemp

ting to land at about 9:40 pm local time amid thunder and lightning when it slid off the runway and

came to rest in the shallow water of the river, authorities and passengers said.

The military base is on the western bank of the St. Johns River about 8

miles (12.87 km) south of central Jacksonville, about 350 miles (563.27 km) north of Miami.

Miami Air International is a charter airline operating a fleet of the Boeing 737-800, diffe

rent from the 737 MAX 8 aircraft that has been grounded following two fatal crashes involving that plane.

Representatives of the airline did not immediately reply to requests for comment.

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Innovation links with Japan encouragedForeign Minis

Premier Li Keqiang called on China and Japan to boost cooperation in innovation to see more pra

gmatic outcomes, and to further work together in areas including finance, third-party markets and tourism.

The two countries should also create a fair and unbiased business environment for each other’s en

terprises, Li said in a meeting with visiting Japanese Foreign Minister Taro Kono in Beijing on Monday.

The meeting came after a China-Japan high-level economic dialogue,

co-chaired on Sunday by State Councilor and Foreign Minister Wang Yi and Kono. The dia

logue, also attended by ministers of agriculture, industry, commerce and environ

mental protection from both countries, was also the first to be held in China between the two nations since 2010.

Li congratulated attendees on the successful hosting of the dialogue in his opening remarks, noting that bilateral relation

s are back on the right track and have seen new progress thanks to joint efforts of the two sides starting last year.

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The World Economic Outlook noted that Chinese autho

orities have responded to the slowdown in 2018 by limiting the e

xtent of financial regulatory tightening, injecting liquidity through cu

ts in the reserve requirement ratio, and reducing personal income taxes and corporate value-added taxes.

The overall outlook for emerging Asian economies rem

ains favorable, with China’s growth projected to slow gradually towa

rd sustainable levels. It predicts the country’s growth will moderate to 6.1 percent in 2020.

“China’s growth is set to stabilize,” said Cheng Shi, chief economist at ICBC International.

“As China increased its growth stabilization policy efforts, its economy has shown sig

ns of stability in the first quarter and may further consolidate in the second,” Cheng told China Daily.

China’s business activity revived and beat market expectations

in March, with the manufacturing purchasing managers index return-ing into expansion territory aft

er three months of contraction, according to the National Bureau of Statistics.

uozyxg.cn

In agreeing to the postponement, European leaders

 hoped Britain’s deadlocked politicians would find a solution to the crisis. But the EU isn’t counting on it. The European Comm

ission said Monday it had completed planning for a no-deal Brexit, calling that outcome “increasingly likely.”

The EU said its members would be able to cope with a no-deal departure, although more remained to be done on ensuring an open border betwee

n EU member Ireland and the UK’s Northern Ireland — something both sides have agreed to. Checkpoints there were a soaurce of tensi

on and a target during the decades of sectarian violence before Northern Ireland’s 1998 peace accord.

An EU official said the bloc was in “in intense discussions with the Irish authorities about these matters.”

May stands little chance of getting the deal she struck with the EU approved unless she can win over Brexit-backing lawmakers in her Conservative Party and its Nor

thern Irish ally, the Democratic Unionist Party. The DUP said Monday that the party’s “position remains unchanged.”

qianpadae.com

Showing off sometimes diabolical but compelling politic

  skills, Trump was audacious, provocative and spiteful. He made outrageous boasts about his own success and hin

ted at his acute sense of human nature and feral appreciation of weakness and discomfort in a political opponent.

  Trump also showed his indifference, or rude disregard for the political plights of allied le

aders, indulged his willingness to trade in falsehoods, and betrayed his obsessions with his predecessor President Barack Obama.

  At Thursday’s White House meeting, Trump was also asked by a reporter about the fre

shest entrant in the Democratic White House race — former Texas Rep. Beto O’Rourke. He was ready.

  ”Well, I think he’s got a lot of hand movement. I’ve never seen so much hand movement. I said is he crazy or is that just the way he acts.”

  ”Study it, I’m sure you’ll agree,” Trump told reporters.

  The jab at O’Rourke was not just a throwaway. It was a return to the forensic

targeting of political opponents that helped Trump dismantle the Republican primary field in 2016.

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