Jia Mo, an analyst at Singapore-based market research company Canalys, said the delayed prod

uct releases in certain markets will harm Huawei‘s smartphone business, but Huawei is working on its ow

n mobile operating system, which can help relieve some pressure in the domestic market.

On Thursday, in response to media reports that UK chip firm Arm Holdings told its staff to suspend dealin

gs with Huawei, Ren Zhengfei, CEO of Huawei, said in an interview with Chinese financial media website Caixin that his co

mpany has acquired a permanent licensing of the ARM architecture, the basis for Huawei to design its chips.

Arm China also said in a reply to China Daily that “we are in active com

munication to find appropriate solutions that comply with current laws and regulations”.

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President Xi Jinping encouraged the Chinese people to be prepared for a new Long March to

ward national rejuvenation during a visit to a revolutionary base in Jiangxi province on Monday.

“We came here to the starting point of the Long March to exper

ience the situation of the Red Army’s departure during those years. Now there is a new Long

March, and we should make a new start,” Xi said at a memorial park in Yudu county, Ganzhou.

The Long March covered over 12,500 kilometers from October 1934 to October 1936. It was a military

maneuver carried out by the Red Army and led by the Communist Party of China to combat the Ku

omintang regime. The expedition, beginning in Yudu, laid the foundation for the Party’s victory.

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 Kong affairs, the Hong Kong and Macao Affairs Office of the State Counc

il, and the Liaison Office of the Central People’s Government in the Hong Kong SAR, have also

expressed their support for the proposed amendments to Hong Kong’s extradition law.

A new United Nations report concludes that high trade tensions

and policy uncertainty are damaging global economic growth prospects.

A further escalation of the trade dispute between the US and China threatens both short- and mediu

m-term global growth prospects, according to the United Nations World Economic Situation and Pro

spects (WESP) mid-2019 report released Tuesday at UN headquarters in New York.

The report said that global merchandise trade-volume growth has slo

wed more sharply than expected, particularly in late 2018 and early

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cted to bolster domestic demand, partially offsetting the adverse impact of trade tariffs on overall growth,” the report said.

The US recently signaled its intention to impose additional tariffs on the European Union, primarily targeted at the

aircraft and food industries. It is in addition to the imposition of steel and aluminum tariffs that are already in place.

Amid unresolved trade disputes and higher tariffs, the projected growth of world tra

de has been revised downwards to 2.7 percent in 2019, slowing markedly from 3.4 percent in 2018.

The report warns that “the impact of a spiral of additional tariffs and retalia

tions would not only dampen growth of these large economies, but also have severe spi

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ered a barometer of innovation and entrepreneurship.

The majority of China’s unicorns are based in Beijing, Shanghai, Hangzhou and Shenzhe

n, with a combined number of 156, 19 more than the previous year and accounting for 77.2 percent of the total.

Nanjing, Guangzhou, Wuhan and Qingdao are new gathering places for unicorns, the report said.

Driven by global capital, China’s unicorns have accelerated the pa

ce at which they go public, with unicorns now taking an average of 71 months to IPO.

From January 2017 to May 2019, 36 unicorns were listed on the global stock market, with eight in 2017 and 21 in 2018.

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he Sichuan-Tibet Railway, the second railway line linking the Tibet autonomous region to other parts of China, will opera

te high-speed trains with a designed running speed of 200 kilometers per hour, thecover.cn reported.

China Railway Eryuan Engineering Group Co Ltd, which is designing the line, revealed a draft plan on Wednesday that tra

ins on the whole Sichuan-Tibet line will travel with a designated speed of 200 km/h, with some segments limited to 160 km/h.

The 1,600-kilometer-long line under construction is designed to start from Chengdu, pass through Ya’an and Kan

gding, then enter Tibet via Qamdo and end at Lhasa. The 140-kilometer Chengdu-Ya’an high-speed railway, whic

h serves part of the Sichuan-Tibet Railway, started operation last year with a maximum speed of 200 km/h.

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et booking site and the app of the China Railway Corporation, a person can use the “waiting” function, and the system will add the wanted ticket information to a list.

One person could make an order for three tickets in the waiting list, and the function will be

free and much more efficient than other third-party software to grab tickets, according to the operator.

When ticket buyers cancel or change their tickets, the system will allocate the returned tickets to waiting buyers on the list.

To use this function, people have to pass a verification process on their status through facial recognition.

They will have to prepay the maximum price for each ticket, and once the

y have obtained the tickets, the difference from the actual fare will be refunded. If they f

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President Xi Jinping inspected a company that manufactures high-tech magnetic m

aterials as he kicked off an inspection trip to East China’s Jiangxi province on Monday.

Xi learned about the business operations of the JL MAG Rare-Earth Co Ltd, based in Ganzhou, which speciali

zes in rare earth permanent magnetic materials, as well as the development of the rare earth sector in the city.

Ren Zhengfei, founder and CEO of Huawei, said on Tuesday that the US governm

ent’s 90-day extension “doesn’t mean much”, adding that the company was ready to deal with the ban.

Ren’s comments came after the US Commerce Department said on Monday that it gave Hu

awei a 90-day license to purchase US technologies to maintain existing networks and provide software upd

ates to existing Huawei handsets. That marks a delay of the ban on US technology exports to Huawei.

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th Huawei and some features of 5G are very suitable for the rollout of the superfast techn

ology in Europe. For instance, 5G capacity is 20 times that of 4G, and its power consumption 10 times l

ess. “We also use materials that will not corrode for decades, and these characteristics are very suitable for Europe.”

Ren said the US technologies are still worth learning in both their depth and width. Many small US companies have super-precision products.

“But in our business (5G), Huawei is at the forefront, though when

it comes to comparison between countries, we are still far behind the United States,”Ren added.

“We will not go through an extreme shortage of supplies. We have made sound preparati

ons,” Ren said, adding that the company’s employees are working overtime to prepare for such situations.

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rcing to countries other than China under the tariff specter, the FDRA said there had been com

panies moving away, but “footwear is a very capital-intensive industry, with years of planning required to m

ake sourcing decisions, and companies cannot simply move factories to adjust to these changes”.

Douglas H. Paal, vice-president of the Asia Program at the Carnegie Endowme

nt for International Peace, said the footwear industry’s complaints are justifiable, albeit a little late.

“Since their issues do not involve critical technologies, the

re might be room for the administration to offer a degree of relief,” Paal told China Daily.

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