It is one of the oldest festivals, not only in China but also

hroughout th上海龙凤品茶微信e world, with a history of more than 2,000 years. In 2006, the traditional festival was listed as part of China’s

national intangible cultural heritage. In 2008, it was recognized as a public holiday in the Chinese mainland.

The Dragon Boat Festival commemorates the death of Qu Yuan, a Chu state

official and poet who lived during the Warring States Period (475-221 BC) before the reu

nification of China under the Qin Dynasty (221-206 BC). He was exiled after opposing his king’s decision to ally wit

h the neighboring state of Qin, and when Chu was finally conquered by Qin, he

committed suicide by drowning in the Miluo River on the fifth day of the fifth lunar month.

The Chu people, who admired Qu Yuan for his loyalty and integrity, th

rew rice dumplings into the river to feed the fish so they would not eat the body of their po

et hero. People then started dragon boat racing to scare off the fish.

Since then, the fifth day of the fifth month on the lunar calendar is cel

brated as the Dragon Boat Festival. The following are some customs for the festival.

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Fortunately, a growing number of Chinese high net wort

th investors have started to realize the importance of not putting all their eggs in one basket, said Zi Yu

an, head of investment platforms and solutions at UBS Securities. One solution is to hold dif

ferent currencies to avoid the possible risk of the exchange rate fluctuation of one single currency.

“They are looking at more overseas markets. Different markets sometimes are litt

le connected. For example, the Chinese stock market was really disheartening last year. But if an investor all

ocated his assets in the US stock market or other markets with high yield bonds, the loss in the Chinese stock m

arket will be offset and the stability of the entire investment portfolio will be further consolidated,” he said.

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The “good-looking economy” is highlighted throug

h the changes in snack food over the past few years. That is to say, consumers pay more atte

ntion to exterior design, with snacks packed in gift boxes showing a high-end trend.

Meanwhile, there is growing trend toward buying healthy snacks. Data showed th

at natural food, whole grain, sugar-free and additive-free have become “hot tags” for snack food.

The major consumer group for snack food is young people aged 20-30 seeking tasty and health

y food. Sales results from e-commerce platforms also support this conclusion. Last year, sales of lightly bake

d and additive-free nuts jumped nearly 190 percent. Dried fruits and vegetables also saw a surge in sales.

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ale Zhang, managing director of Shanghai-based con

nsultancy Automotive Foresight, said SEAT’s smaller cars will help its parent company to reach custo

mers in China’s smaller cities, where electric cars built on Volkswagen’s own platforms would be less affordable.

Volkswagen, as well as its subsidiaries from Audi to Porsche, plan to deliver aro

und 1.5 million electrified vehicles, most of them pure electric cars, in China by 2025.

It also expects global sales of electrified vehicles will total 22 million by 2028, and half of them will be produced in China.

China overtook the United States as the largest producer and market of new energy vehicles in 2015.

The China Association of Automobile Manufacturers expected sales of su

ch vehicles to reach at least 1.6 million this year, up from 1.2 million in 2018.

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Technology teams from Shanghai universities start business

t businesses in Suzhou, Zhejiang province. Things like this happen a lot now,” Wang said.

“And plans to build data infrastructure, such as cloud computing and data centers, have been made in the integrated development of the region.”

The report also surveyed AI education in China, which has started at all levels. More than 30 univers

ities have opened schools on AI, and 75 established AI majors or interdisciplinary majors with AI.

China’s first high school textbook on AI was published by East China Normal University last

year, and 40 high schools nationwide have participated in a pilot program on teaching AI to their students.

The release of the report was part of the Pujiang Innovation Forum, a ma

jor annual event in Shanghai for exchanges on science and technology innovation betw

een China and the rest of the world. Nearly 150 guest speakers from 23 countries and regions wil

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Wang Peng, deputy head of think tank China Center for

 Information Industry Development, said Huawei’s chip making arm HiSilicon can help Huawei ensure the s

ustainability of its business to some extent, and its chip stocks “are expected to provide a buffer of six months to a year”.

Huawei said it procured around $70 billion worth of components and services from i

ts 13,000 suppliers worldwide last year, with roughly $11 billion coming from US suppliers.

The US has been voicing the “national security threat” of using Huawei products.

French President Emmanuel Macron said on Thursday that France will allow Huawe

i to build its 5G network infrastructure while preserving national security, according to Xinhua News Agency.

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The phone call took place days after the US Commerce Dep

artment announced on Wednesday it will add telecommunications eq

uipment maker Huawei and its affiliates to the Entity List on Wednesday. Being on the list

bars the company from buying US technology without government approval due to security concerns.

On the same day, US President Donald Trump signed an executive order that bars US companies fr

om using telecom equipment from manufacturers considered a national security risk, without mentioning Huawei by name.

Such moves, as well as the increase of tariffs on $200 billion worth of Chinese goods earlier this m

onth, complicated the prospect of continuing the bilateral trade talks that have been ongoing for more than a year.

China has always believed in and hoped to solve trade differences thr

ough talks, but such talks should be equal, Wang said. In any talks, China must protect its legitim

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Xi calls for co-existence of various civilizationselivered a key

President Xi Jinping delivered a keynote speech at the opening of the Conference on Dialogue of Asia

n Civilizations. With the theme of “Exchanges and mutual learning among Asian civilizations and a com

munity with a shared future,” the conference aims to deepen cooperation among Asian countries. Here are the highlights:

Humanity needs cultural strength to address challenges ahead

Humanity needs cultural strength, besides economic and techn

ological strength, to cope with common challenges and head toward a bright future.

The intensifying global challenges humanity is facing now require concerted effort from countries across the world.

Asian civilizations write ‘brilliant chapter’ in human civilization

Asian civilizations have written a brilliant chapter in human civilization.

Being one of the earliest human settlements and a major birthp

lace of human civilization, Asia takes up one third of the total land on Earth, has two th

irds of the global population, and consists of 47 countries and more than 1,000 ethnic groups.

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Pilot project to eradicate urban waste gets underway in

China officially launched the “no-waste city” pilot program in 16 area

s on Monday as it steps up efforts to recycle its increasing waste stockpile.

The pilot program covers the entirety of 11 cities, including Shenzhen, Guangdong pr

ovince, and Weihai, Shandong province, and sections of the other five cities.

The central government has made arrangements to offer support to

the pilot areas in policy, technology and funding, said Zhuang Guotai, vice-mi

nister of ecology and environment, at the launch ceremony in Shenzhen on Monday.

He said an expert committee has been established to guide the pilot program and

evaluate progress, and seven groups have been put in place to offer technical support.

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But no Australian government has used such kind

of talk since 1972. Australian Prime Minister Scott Morrison has said his government is “ab

solutely committed to the long-term constructive partnership with China based on shared values, esp

ecially mutual respect”. And Labor Party leader Bill Shorten has said: “Preemptively framing China as a stra

tegic threat isn’t a sufficient response to its role and increasing influence in our region…”

But Hamilton and his supporters such as retired academic John Fitz

gerald insist on seeing China as Australia’s “enemy”. See China as “our enemy” and the next step i

s that Australians with family links to China can be seen as potential traitors. That is what Hamilton does by saying th

ey are ready to “rise up”. His only evidence? Two friends of his with Chinese backgrounds told him so.

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