management, said they are seeing high levels of cash globally. But she also stressed that, alth
ough it increases liquidity, cash may not necessarily be a safe strategy in the long run.
Faced with many uncertainties, including downward pressure on China’s economy and escalating trade fricti
on between China and the United States, 36 percent of the 465 Chinese high net worth ind
ividuals – those with average personal wealth of at least 10 million yuan ($1.45 million) – polled by the Hurun Research In
stitute said that the focus of their investment strategy will be to “avoid risks” this year, mainly by increasing
asset allocation to fixed income products, gold, bank deposits and currency products in the next three years.
Mark Haefele, chief investment officer at UBS global wealth management, said that investors sometimes focus too much on th
eir home region. “Diversification is still the best way to access opportunities and sidestep domestic risks,” he said.
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.
measures for inbound pets are still necessary to eliminate publi
c health security risks, as pets are potentially hosts of many pathogens.
Li Xin, a publicity officer at the administration, said despite simp
lified quarantine procedures, health risks are under control as the new regulation has de
tailed stipulations on the circumstances under which pets can enter immediately.
He Qi in Shanghai contributed to this story.
Since childhood, Dong Yichao dreamed of learning to fly and getting a
private pilot’s license, and he has gone to great lengths to realize his ambition.
Dong, 31, a civil servant in Huaiyu, a village in Yushan county, Jiangxi prov
ince, has spent nearly all his savings of 250,000 yuan ($37,212) on flying lessons and training.
orters, referring to Barr’s congressional testimony.Justice Depart
ment spokeswoman Kerri Kupec called Pelosi’s allegation “reckless, irresponsible and false.”
The exchange came shortly after House Judiciary Committee Chairman Jerrold Nadler thre
atened to hold Barr in contempt of Congress if he does not provide a full, unredacted copy of Mu
eller’s findings. That could potentially lead to fines or imprisonment for the top US law enforcement official.
Barr released Mueller’s report on April 18, with some parts blacked out to protect sensitive information.
Pelosi and other leaders in the House, which is controlled by Democra
ts, previously had cautioned against launching the impeachment process, whic
h would begin in the House but would face long odds of success in the Republican-controlled Senate and could alien
ate voters ahead of the 2020 presidential election in which Trump is seeking re-election.
eijing, Hangzhou, Johannesburg and London. The events have been broadcast live on inter
net and multimedia platforms, reaching an international audience, particularly young people.
This upcoming event will also be broadcast live on the China Daily website and ap
p, as well as China Daily’s account on Sina Weibo, Tencent Video, Toutiao, Bilibili, Facebook and Twitter platforms.
A former Peking University student suspected of killing his mother has been captured after th
ree years on the run, said a Fuzhou Public Security Bureau official on Thursday, Beijing News reported.
Wu Xieyu was caught at Chongqing Jiangbei International Airport when boa
rding a plane on April 21, the newspaper reported, quoting sources close to the police.
The Belt and Road Initiative aims to build the Silk Road Economic Belt and the 21st Century Maritime Silk Road and deliver polici
es, infrastructure, trade, financial and people-to-people connectivity via a new platform for a brighter futur
Man suspected of killing mother arrested after three years on the run
it belongs to the world. It is rooted in history, but oriented toward the future. It focuses on Asia, Euro