Zhang Dawei, chief analyst with Centaline Property, sai

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id the main reason behind this is the real estate market in some cities is at risk of going out of control, and the land market shows signs of overheating.

China’s house prices continued to stabilize despite slight increa

ses in April, according to the National Bureau of Statistics. Sixty-seven out of the 70 major Chi

nese cities saw an increase in the number of newly built homes that were sold in April.

On a month-on-month basis, new home prices in Dalian and Nanning rose 0.7 percent and 0.9 percent, re

spectively. On a year-on-year basis, new house prices in these cities grew 13.2 percent and 11.5 percent, respectively.

Although excluded from the 70 major Chinese cities surveyed by the N

ational Bureau of Statistics, Foshan and Suzhou also saw a surge in home prices in April.

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Telecom carriers, chipmakers and smartphone vendors

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 in China are ready to commercialize 5G. China will directly grant 5G licenses, instead of the prev

ious plan to give several key cities interim 5G licenses, to better time the rollout,” said a source clo

sed to the telecom industry regulator who asked to remain anonymous because public statements are not authorized.

Michael Gao Wenhao, deputy general manager of the 5G industrial products line at ZTE, disclosed at a 5G conference in

Hong Kong on Thursday that “China is likely to start commercial use of 5G nationwide on Oct 1”.

He told China Daily that he got the information from the country’s major telecom operators.

China said earlier that it was considering a pre-commercial launch of 5G this year, follo

wed by large-scale commercialization in 2020. Miao Wei, minister of industry an

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The number of captive pandas was 548 globally as of No

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All outdoor activities are banned on Monday at all middle and

primary schools, kindergartens and middle voc

ational schools in Beijing, Beijing Municipal Education Commission said via Sina Weibo on Monday.

The move was taken after at least four people died in strong winds a day earlier.

Such activities include flag-raising ceremony, morning exercises and outdoor social practices.

At least four people were killed, more than 50 flights were diverted to other airports and two trains arrived late in Beij

ing on Sunday when strong gales flattened walls, knocked down trees and damaged farms.

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Huawei earlier said it had been preparing a contingency

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ncy plan for such a block to Android by developing its own technology, of

which some is already being used in products sold in China, said the Reuters report.

The impact is limited in the Chinese market, as most of Go

ogle’s services have alternatives offered by domestic competitors like Tencent and Baidu.

However, Huawei’s European market could be affected as Huawei licenses these serv

ices from Google in Europe.A radio telescope in Shanghai that has made significant contributions to ast

ronomy for nearly a decade and participated in long-term observations used to confirm data in the first image of a b

ack hole in deep space, won the top prize on Wednesday at the 2018 Shanghai Science and Technology Awards.

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Experts believe the animal-friendly tours are part of an em

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n emerging trend that will benefit animal protection work in the long run.

The survey, released last week, found that more than 90 perce

nt of Chinese travelers who had participated in an overseas wildlife tour said they would take

into account whether their activities negatively affected the animals before making future tour decisions.

“Wildlife-friendly travel plays a crucial role in the healthy growth of wildlife tourism. The

research shows the responsibility that Chinese travelers would like to take, which is very enc

ouraging,” said Zhao Zhonghua, chief representative of the World Animal Protection China office.

The research was based on 2,206 questionnaires and jointly conducted by marketing com

pany CVSC-TNS Research and World Animal Protection-an international nonprofit animal welfare organization.

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Air China Ltd, China Southern Airlines Co and China Eastern Airl

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Airlines Corp are in preliminary talks to seek compensation from Boe

ing for the disruption from the 737 MAX stoppages. At present, the report has not yet been verified.

According to a China Eastern representative previously quoted by The Paper, the issue has h

ad a limited and controllable effect on the company, and it has had more of an impact on the whole indu

stry.Wang Yuan, a popular youth icon, expressed regret and determination to behave himself on his social media acc

ount after getting a warning from health authorities for smoking indoors on Tuesday.

Photos revealed Wang, 18, was smoking at a Beijing restaurant on Monday night. It is forb

idden to smoke indoors according to municipal regulations on tobacco control.

Wang carries wide influence as a youth icon, and his violation of regulations has triggered heated discussion online.

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DJI allays security fears after US issues warningployee holds t

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Chinese drone manufacturer DJI said safety is at the core of everything the company does, and the security of its techn

ology has been independently verified by the United States government and leading US businesses.

The company’s statement came in response to an alert warning issued by the US Department of Homeland Security (DHS).

“We provide all our customers full and complete control over how thei

r data is collected, stored and transmitted. For government and critical infrastructure cust

omers that require additional assurances, we provide drones that do not transfer data to DJI or via the inte

rnet, and our customers can enable all the security steps DHS recommends,” the Shenzhen-based company said.

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Another major problem is that the return on equity in the

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infrastructure sector is a mere 3 percent while that in the US capital market is about 12 percent. So how can the US attract more private capital to the infr

astructure sector without guaranteeing a return on equity equal to that in the capital market?

US suffering from a financial Dutch disease

The US’ monetary hegemony is itself a big impediment to the reindustria

lization process, which could be viewed as a sort of financial Dutch disease-the apparent causal

relationship between the increase in the economic development of a specific sector and a decline in other sectors. The mor

e heated the US stock market gets, the more serious the Dutch disease will become. And, ironically, the US leader is k

een on strengthening the stock market to showcase his political and economic track record.

Besides, the US administration cannot launch large-scale infrastructure construction projects, significantly redu

ce the trade deficit with China and deny Chinese investors access to its market all at the same time.

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

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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.

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ate interests, heed its people’s will and safeguard the basic

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The two countries should follow the direction set by their heads of state, manage d

ifferences on the basis of mutual respect and expand cooperation on the basis of mutual benefit, he added.

Ren Zhengfei, founder and CEO of Huawei, told the Nikkei Asian Review on Satu

rday that the company has not done anything that violates the law, and the ban will have a limited impact on its business.

However, Xiang Ligang, director-general of the telecom industry association Informat

ion Consumption Alliance, said the US ban will disrupt the global electronics industry, given the size of Hu

awei as the world’s largest telecom equipment maker and the second-largest smartphone vendor.

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