Trump arrives in Japan for state visitUS President Donald Trump

 arrived in Japan for a state visit that will make him the first world leader to meet the country’s new emperor.

Trump and first lady Melania Trump arrived Saturday aboard Air Force One after a 14-hour journey. The president was h

eading to a dinner with business leaders at the US Ambassador’s residence in Tokyo after a brief airport welcome.

The visit is part of a continuing charm offensive by Japanese Prime Minister Shinzo

Abe that analysts say has spared Japan from far more debilitating retaliatory action by Trump.

The president has refused to lift the threat of slapping potentially devastating US

tariffs on imports of Japanese autos and auto parts on national security grounds.

US tariffs against Japanese aluminum and steel remain.

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Last week, two central government authorities on Hong

 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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There are signs that the central government will not cha

ange its resolution to control house prices, Zhang said, adding that in the future the real estate market will continue to crack down on speculation.

On May 11, Suzhou tightened housing policies further, China Daily ea

rlier reported. The down payment ratio for a family’s first home purchase has been rais

ed from 20 percent to 30 percent.China may grant official 5G licenses, instead of the interim licenses prev

iously planned, to telecom carriers this year and is likely to start commercial use of the superfast wireless technology nat

ionwide in the near future, possibly as soon as October, according to people familiar with the matter.

Newly built property in certain parts of the city cannot

be traded for a three-year period after purchase, and for five years in the case of pre-owned property.

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Most Chinese State-owned enterprises are not relevant to tra

ade negotiations. Many are in non-tradable sectors such as property develop

ment, infrastructure, or concrete. Others are basically public utilities in telecoms or power.

Some Chinese car companies are State-owned, usually by provincial govern

ments, but the car business in China is very highly competitive and foreign brands are very successful.

In any case, the continuing growth of an already large private sector should alleviate foreign concerns

about competing with State-owned companies.

During the George W. Bush administration, the US imposed tarif

fs on Chinese steel, arguing that State-owned companies had an unfair advantage. But, US ste

el companies also face higher costs because of increased environmental protection. China’s current emphasis on bu

ilding an “ecological civilization” means that that kind of polluting heavy industry will be less viable.

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plemented more favorable visa policies for Chinese student

he said. The report also found that studying overseas is no longer limited to wealthy fam

ilies, and the number of students from middle-class families studying overseas keeps growing.

According to the survey on parents’ professional backgrounds, most parents whose children prefer studying overseas hold o

rdinary positions at work, accounting for 43 percent of the total, up 14 percentage points from 2015.

Parents who are middle-level managers accounted for 35 percent, and those who are high-level executives accounted for 22 per

cent, the report said. The number of students studying overseas for master’s degrees continues to increase, a

counting for 70 percent of the total, up from 57 percent in 2016. They are studying ov

erseas to obtain higher academic qualifications and be more competitive in the domestic job market, it said.

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Paris fire sends alarm on relics protectionhedral in Pa

An inferno that destroyed the spire and a large portion of the wooden roof structure of the 12th-century Notre Dame Cathedral in Pa

ris on Monday reinforced a cautionary message to Chinese authorities about the need to better protect vulnerable heritage sites.

The National Cultural Heritage Administration held a staff meeting on Tuesday night at wh

ich officials discussed the Paris fire and six major fires that have taken place at Chinese cultural heritage sites this year.

“The fire at Notre Dame in Paris rang the warning bell for us,” Song Xi

nchao, deputy director of the administration, said in an interview on Tuesday.

“The safety of cultural heritage sites is a red line that can never be crossed. It’s a global issue,” he said.

The six fires were in Sichuan, Fujian, Jiangxi, and Zhejiang provinces, officials said.

On Jan 6, a hall at Yunyan Temple in Jiangyou, Sichuan province, burned down. On

Feb 2, a wooden family temple from the Qing Dynasty (1644-1911) in Nanchang, Jiangxi, was destroyed by fire.

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This is an unprecedented move,” said Robert Mann

 president of R.W. Mann & Co, an aviation consulting firm. “I think it will be a good thi

ng for Max aircraft, but I’m not sure it will be a good thing overall if it creates an international bureaucratic proce

ss for future certification that will take longer than any individual oversight agency would now require.”

James Hall, managing partner of Hall & Associates, an aviation consulting firm in Washin

gton and former chairman of the NTSB, said it’s unclear how the FAA’s new panel will m

esh with investigations of Boeing launched by the US inspector general, US Justice Department and Congress.

“Will the technical review team look at the certification pro

cess, or is it an attempt to get the plane back in the air?” Hall said. “We’ll see.”

Boeing said it would work closely with the new task force.

“We welcome the Joint Authorities Technical Review and look forward to working wi

th the panel,” Paul Bergman, a spokesman for Boeing in Seattle, said in a statement. “Safety is our top priority.”

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Second, a fixed trap threshold of $16,000-$17,000 may be

 be a great literary device, but it makes little sense in a dynamic global economy. Since early research on the middle-income trap was published in 2012, the world economy

has grown by about 25 percent-presumably boosting the moving target of a middle-income threshold by a comparable magnitude over t

hat period. Largely for that reason, recent research has couched the trap not in terms of an absolute threshold, but as relative convergence to high-income cou

ntries. From this perspective, danger looms when developing economies’ per capita income approaches 20-30 percent of the level in high-income economies. Giv

en that China will hit about 30 percent of the United States’ per capita GDP (in PPP terms) in 2019, it must be time to worry!

Slowing growth not as alarming as feared

Third, not all growth slowdowns are alike. A country’s GDP is a broad aggregation of a multiplicity of activities across sectors, busin

esses and products. Structural shifts from one sector to another can give the appearance of a growth discontinuity that may be nothing mo

re than the outcome of a deliberate rebalancing strategy. This is very much the case with China today, given its shift from

higher-growth manufacturing and other “secondary” industries to slower-growing services, or “tertiary” industries. To the extent

that this shift is the intended result of China’s strategic rebalancing, a slowdown in growth is far less alarming.

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As the new area will be built to the highest standards, ther

will be significant demand for top-quality goods and services,” he told China Daily.

Noting that many European companies are renowned for their innovation and reliability, Bagnasco said that “there shou

ld be plenty of business to be done” in Xiongan. In June, Mats Harborn, chamber president, paid a visit to Xiongan and wa

s received by Chen Gang, vice-governor of Hebei province and director of Xiongan’s management committee.

Chen said he hopes the chamber will take an active role in such areas as green developm

ent, intelligent technologies and innovation in Xiongan, an official news release from the new area said.

“The EU Chamber of Commerce in China has been building relationships in Xiongan for some time now, and the me

eting in June was just one part of that,” Bagnasco said, adding that the meeting was a good opportunity to furt

her develop relationships and deal with more concrete matters, such as specific investment mechanisms.

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Opponents of Brexit feel the political tide may be turnin

 in their favor. Hundreds of thousands of people marched through London on Saturday calling for a new referendum on whether to leave the EU or remain.

But with the deadline for a Brexit decision less than three weeks away, British poli

ticians remain divided, and increasingly despairing about the country’s political gridlock.

“Brexit is like the Death Star of politics,” Conservative legislator George Freeman said. “I always fea

red it would be like this. It’s destroying and soaking up all the prime minister’s room for maneuver and political goodwill.

“I’ve never known this country so divided, so angry and in such a dangerous state,” he said.

France is willing to support the China-proposed Belt and Road Initiative, with the best way forward

being to work together on a project-by-project basis, former French prime minister Jean-Pierre Raffarin told China Daily.

In an exclusive interview ahead of the state visit of President Xi Jinping to France

on Monday and Tuesday, Raffarin said it is in France’s national interest to be part of the BRI.

“We also want our companies to propose projects which are good for the BRI, but also go

od for our enterprises,” said Raffarin, who served as prime minister from 2002 to 2005.

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