The BJP has projected Gandhi as a “Chinese propagandist.

raving about China,” BJP spokesperson Sambit Patra was quoted as saying in The Times of India.

The BJP has also questioned the “request” of the Chinese ambassador to give a ceremonial send-off to Gandhi for his Mansarovar trip. “When Rahul Gan

dhi went for Kailash Mansarovar Yatra, a letter was sent by the Chinese ambassador to the MEA (Ministry of External Affairs) that he wanted to give Rah

ul Gandhi a ceremonial send-off. This protocol is limited to heads of state or government and leader of opposition. No

w it is clear why China wanted to extend this protocol to Rahul Gandhi. Yatra was just an excuse, he had to meet Chinese ministers and discuss so

mething. The cat is out of the bag today, and the Congress needs to clarify,” Patra told Hindustan Times. The BJP didn’t stop at that. It als

o dug into Gandhi’s earlier meeting with the Chinese envoy in India during the Doklam standoff.

If the developments are any indication, the BJP is desperate to raise any issue which could work in its favor in the elections with the mood of the general

masses not looking positive towards the party. It wants to eliminate the anti-incumbency factor and divert the at

ention of the masses from more pressing issues. The main opposition has alleged the BJP failed to keep its promise of

generating 20 million jobs in a year. The opposition is also repeatedly raising the Rafale fighter jet deal to counter M

odi’s take on corruption. Now the BJP strategists feel playing the China card, to a certain extent, could help the ruling party in this matter.

But experts say such issues are not going to impact the elections. “China card will prove to be of litt

le or just no help for the BJP,” says Ajay Jha, a prominent Delhi-based journalist who is an expert in Chinese affairs.

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Regulator issues guidelines to make loan renewal easier

he China Banking and Insurance Regulatory Commission Beijing Office announced on Thursday it has issued guidelines for banking institutions on re

newing micro and small business loans to shorten the financing chain and reduce financing costs.

The guidelines aim to cut unnecessary so-called “passageway business” a

nd bridging finance that “bridges” the gap between the time when a company’s m

oney is set to run out and when it can expect to receive an infusion of funds later on, under the premise that banking in

stitutions will meet the requirements on internal control and risk management.

“The loan renewal policy is actually a credit policy to incentivize lending to high-quality enterpri

ses,” said Jiang Ping, a senior official at the China Banking and Insurance Regulatory Commission Beijing Office.

“For companies that have run into temporary operational difficulties but still have enormous potential for development, banks should help them get th

rough the tough times by renewing their loans. However, banks are forbidden from covering or delaying risk ex

posure associated with lending to ‘zombie firms’, which cannot repay loans, in the name of loan renewal,” she said.

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sights ranking places six Chinese artificial intelligence

ina is racing to the forefront of the global artificial intelligence sector, with six domestic companies earning their place on a recent list of the top 100 AI startups in the world.

Released by venture capital database CB Insights, the list includes 23 startups headquartered ou

tside the United States, including six each from China, Israel and the United Kingdom.

Chinese companies SenseTime, YITU Technology, 4Paradigm, Face++, Momenta and Horizon Robotics made it onto the list.

CB Insights reported Chinese startups SenseTime and Face++, which focus on facial recognitio

n technologies, are the best-funded companies, followed by California-based tech company Zymergen.

A total of 11 startups on the list are unicorns, startups valued at more than $1 billion, among w

hich five are from China. SenseTime gained the top spot among those 11 with a maximum valuation of $4.5 billion.

With the blossoming of big data, cloud computing and i

nternet technologies, AI has become a new focus of international competition.

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Judge finds Manafort lied to investigators in Russia probe

WASHINGTON — A federal judge has found that Paul Ma

nafort, US President Donald Trump’s former campaign manager, has breached his plea a

greement with Special Counsel Robert Mueller’s office by intentionally lying to prosecutors.

Then-Republican presidential nominee Donald Trump gives a thumbs up as his campaign manager Pa

ul Manafort looks on during Trump’s walk through at the Republican National Convention in C

leveland, US, July 21, 2016. [Photo/Agencies]
US District Judge Amy Berman Jackson sa

ys in an order that there’s sufficient evidence that Manafort lied in breach of his plea agreement.

The decision hurts Manafort’s chance of receiving a reduced sentence next month.

Manafort was accused of lying about several matters including his discussions with a longt

ime associate the FBI says has ties to Russian intelligence. Mueller’s prosecutors have said the discussions be

tween Manafort and Konstantin Kilimnik about a Ukrainian peace plan go to the “heart” of the Mueller probe.

Manafort was also accused of lying about sharing polling data with Kilimnik during the 2016 presidential campaign.

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Instead of waiting for the conclusions of the investigat

ion by the Beijing Film Academy, Peking University needs to take the initiative to launch its own inqu

iry. On its official website, the university clearly states the procedures for enrolling a postdoctoral res

earcher, which include at least four review stages after an applicant submits materials.

When enrolling Zhai as a postdoctoral researcher, they should check many more materials besides his

doctor’s degree. If Zhai is found to have academic problems, Peking University is partly responsible, too.

As it is widely considered to be the top university in China, Peking University has very precious r

esearch opportunities, which makes it a focus for the public’s attention in this incident. It is time both B

FA and Peking University examined if they bear any blame, instead of just trying to pass the buck to each other.

The list ranks the country’s cities on three major indicators: economy, social advancement and environment.

Jointly launched by the National Development and Reform Commission’s development planning department and th

e Cloud River Urban Research Institute, an international think tank, the index sets “digital benchmarks and ref

erence systems” for China’s urbanization drive and urban development.

www.gzbbac.com

Yuan Yuyu, chairman and general manager of Medprin Bio

ech in Guangzhou, said the city and the whole Guangdong-Hong Kong-Macao Greater Bay Ar

ea still have huge space to develop innovative businesses compared with the Tokyo, New York and San Francisco areas.

Medprin has proposed building an innovation center for high-performance medical equipment and instruments in the Greater Bay Area.

Guangdong, which has been largely reliant on foreign-oriented economic development, achieved GDP growth of 6.8 percent last year.

The province’s GDP, a barometer of China’s reform and opening-up, reached 9.73 trillion yuan last y

ear, cementing once more the top ranking in the country, a position it has held for more than three decades.

The province’s regional innovation topped the country for the past two years, a

ccording to the Ministry of Science and Technology. Its investment in research an

d development exceeded 250 billion yuan last year, or 2.65 percent of the province’s GDP.

Guangdong had registered more than 40,000 new and high-tech companies as of the end of last year, more than any other provincial-level region.

gzbbcn.com

France advanced to the top 10 markets where WeChat P

ay was mostly adopted for the first time since WeChat started tracking the data in 2015.

A Nielsen survey released in January suggested that 93 percent of Chinese travelers are likely to increase their spen

ding overseas if mobile payment is more widely accepted, which would consequently boost local businesses.

Alipay and WeChat Pay accounted for almost 94 percent of the count

ry’s third-party payment market, according to consultancy iResearch. The duo are ga

ining market share by making ambitious forays overseas where mobile payment is yet to mature.

Among the latest developments, Tencent is looking to work with more smart solutions and s

ervice providers this year to make the app function run as smoothly in foreign markets as it does in China, by in

corporating a variety of tools developed by third-party providers, said Fan Wei, overseas business director of WeChat Pay.

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WTO should play bigger role in global governancetate Coun

reign Minister Wang Yi has called for the World Trade Organization to play bigger role in global governance.

Wang made the statement at the 18th session of the consultations of the coordinators for the China-France Stra

tegic Dialogue with Philippe Etienne, foreign policy advisor to the president of France, in Paris on Thursday.

Wang highlighted China’s position in upholding multilateralism and the rules-based multilateral trading system with the WTO at the core.

Noting China supports for the reform of the WTO to increase its authority and efficiency, Wang said the core value and b

asic principles of the WTO as well as the direction of trade liberalization should remain unchanged.

The WTO reform should follow the practice of decision-making by consensus, and c

annot be dictated by a few, nor decided by an exclusive small group of Members, he noted.

Wang called for safeguarding the special and differential treatment for developing members in the

WTO reform, saying France should objectively treat China as a developing country.

Priority should be given to the resolution of the issue of Appellate Body member appointment blockage, he said.

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Zhang Yansheng, a senior CCIEE researcher, said the two

countries can properly handle trade conflicts and foster cooperation despite some hea

The beautiful scenery of Honghu Eco-agricultural Tourism Garden after rain, Central China’s Hubei province, Aug 13,

dwinds, adding that cooperation is the best and only choice for the two sides.

Xue Rongjiu, deputy director of the Beijing-based China Society for WTO Studies, stressed that the US should not co

nsider China as an economic threat. A country shouldn’t be measured by the size of its economy, but by its de

velopment level, pointing out that in terms of per capita GDP, China still ranks as a developing country, Xue said.

The global community should give China more room for gradual reform including offering more

access to foreign companies and supporting investment in industrial upgrading, infrastructure, en

vironmental protection and urbanization, which will further stimulate economic growth, he said.

shsngw.com

According to Prof. Dedrick’s estimate, the cost of an iPhone

will rise by $30 if Apple moves its final assembly lines to the United States. If Apple manufactu

res components and assembles them in the country, the cost will go up by $100 with the investment, labor and logistics involved.

What’s more, the relocation to the United States would also see rising prices of many supplier items produced outside the U

nited States, including semi-conductors, processors, memory, displays, batteries, the plastic and metal enclosures.

“Our industry involves highly customized products. It requires both strong research and development ability and ind

ustry scale. So, moving the supply chain would be a long shot,” said Meng Wu Peng, deputy general manager of Le

ns Technology, which manufactures cover-glass for smartphone brands such as Apple and Samsung.

Foxconn has hinted for months that it might shift focus to research and develo

pment facilities rather than large-scale manufacturing, casting doubts on its ability to live up to its promises.

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