The meeting highlighted the importance of implementi

ting the spirit of December’s Central Economic Work Conference.

Macro policies should be stable, micro policies should be flexible and social policies should guarantee the basic needs of the grassroots

people, the statement said. Macro policies should focus on promoting high-quality growth and stimulating market vitality.

The importance of manufacturing’s high-quality development in stabilizing economic growt

h was stressed. Traditional industries should be guided to upgrade, and new industries should grow stronger.

The development of small and medium-sized companies and private businesses should be supported through measures like s

peeding up the supply-side structural reform of finance and providing better loan services, the stat

ement said. It also reaffirmed that houses should be used for living rather than for profit.

Reform should be further deepened and opening-up boosted, and forei

gn capital should have bigger access to the Chinese market. Poverty reduction is a key meas

ure of building a moderately prosperous society in all respects, which must be achieved by the end of next y

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For example, technologies like artificial intelligence

have improved the company’s stocking and inventory processes.

“Earlier we were reliant on the intuitions and experience of the local operation team. With the

use of technology like AI and big data, we are getting more accurate answers.”

As a larger and older retailer, Walmart has constantly worked with startups, said McMillon, citing the new Omega 8 platf

orm that enables retail innovation startups to collaborate with Walmart China to create better services for customers.

McMillon cited the example of a scanning ring developed by a starup for

Walmart that shortens pickup time for JD Daojia orders to less than 10 minutes and impr

ovements in the overall efficiency by 50 percent. Walmart’s WeChat mini-program has over 30 million members and is

developing an e-commerce service based on WeChat to help customers shop more easily and more accurately.

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Thanks to the integration of its online-and-offline bus

inesses, McMillon said brick-and-mortar stores have become hybrid, and forward fulfillment centers.

He said Sam’s Club has been gaining strength in the country. The high-end m

embership store that was launched in China in 1996 has about 2 million members nati

onwide. By 2020, there will be 40 such clubs either in operation or in construction in the country. The format ha

s 23 stores currently in 19 cities stocking quality fresh food and membership products.

Globally Walmart has 11,300 stores, with a third of them large stores.

According to Kantar Worldpanel, in 2018 Walmart’s market share was 5.4 percent, an improvement from t

he 5.2 percent in 2017. Last year it opened 33 new stores, including 21 hypermarkets, four Sam‘s Club and eight compact stores.

Jason Yu, general manager of Kantar Worldpanel China, said Walmart has to roll out

more innovations to further improve its operational efficiency and achieve growth through

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Taylor said the US will ultimately “pay the price for

this”, in the form of an incomplete and inaccurate understanding of China by barring scholars wh

o have great familiarity with US politics and policymaking and have the ear of Chinese officials.

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

egie Endowment for International Peace, said it appears that the scholars who best unders

tand the US and communicate well with China’s leaders are being denied visas or threatened with denial.

“I don’t see how this is in America’s interest,” Paal said.

Some US media have mentioned that China also denies visas to

US academics, but Taylor and Paal said that has not been

their experience when applying for Chinese visas to visit China for academic exchanges.

In a news conference on Thursday, when asked if China rejected a visa application fr

om an adviser to US President Donald Trump, Foreign Ministry spokesman Lu Kang

said Chinese embassies and consulates overseas always handle visa applications according to law.

China welcomes cultural exchanges between China and the US an

d will actively promote mutual understanding between the two countries, Lu said.

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Gao cited data to rebut that view and urged AmCham Chi

ina to evaluate China’s market access and business environment for foreign investors in a “comprehensive, objective and fair” way.

The ministry’s data showed that US investment in China jumped 71.3 percent year-on-ye

ar in the first three months of this year. In 2018, US investment increased 7.7 percent year-on-year.

Gao said expansion of the investment figures fully demonstrates that US compan

ies continue to be optimistic about the market and accelerate the pace of investing in China.

Gao cited another survey published in February by AmCham China that showed that most US

companies with operations in China said they have continued to see their revenues grow there.

Gao said the ministry will maintain close contact with foreign enterprise

s and business associations, and continuously improve China’s business environment.

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The economy has stayed on the track of steady gro

owth. We have the confidence, conditions and capability to mee

t the projected targets for economic and social deve

lopment this year,” Yuan told an NDRC news conference on Thursday in Beijing.

Data from the National Bureau of Statistics showed China’s economy grew at a faster-than-e

xpected 6.4 percent year-on-year in the first quarter, remaining at the to

p end of the government’s projected growth range of 6 to 6.5 percent for this year.

The growth was unchanged from that in the fourth quarter of 2018.

Zhang Chenghui, former director at the finan

cial research institute of Development Research Center of the State Cou

ncil, said despite the downward growth pressure, China will see many positive factors in the economy this year.

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Economic structure was further improved during the sa

me period. The value-added high-tech sector’s out

put rose by 7.8 percent, higher than the country’s value-added industrial output.

In the first quarter, the NDRC approved 50 fixed asset investment projects, mainly in th

e fields of energy, transportation and high-tech. The total investment hit 370.3 billion yuan ($55.3 billion).

The NDRC reportedly is considering a slew of new measure to boost spending on automob

iles, home appliances and consumer electronics products. People close to the NDRC said it has sent a draft plan to

encourage consumption in the three sectors, according to a report in the National Business Daily.

The news caused shares of home appliance companies traded in Shanghai and Shenzhen to increase

by 1.47 percent on Thursday, according to Shanghai-based information provider Wind Info.

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Pollution ‘worsened’ by climate changeijing area could b

Smog in greater Beijing area could be thickened by 15 percent, experts say

Climate change has been making meteorological conditions in the

greater Beijing area more conducive to the generation of haze, and combined with heavy s

mog, the situation could trigger a rapid increase in the concentration of airborne pollutants, researchers said.

The National Joint Research Center for Tackling Key Problems in Air Pollution Control demonstra

ted that without a reduction in the discharge of pollutants, air quality in the Beijing-Tianjin-Hebei cluster

could worsen by about 10 percent and even up to 15 percent in some cities because of unfavorable meteorological co

nditions, the China Meteorological Administration said in a release on Thursday.

Heavy air pollution and a high concentration of particulate

matter is more likely to be seen when wind speeds are lower than 7.2 kilometers per hour, rel

ative humidity is above 60 percent, and there is less than a 500-meter high “mixin

g layer”, which refers to the atmospheric height over which pollutants can be dispersed, it said.

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Ma Xiaoguang, spokesman for the State Council’s Taiw

wan Affairs Office, said in a statement on Tuesday that the exercise aimed to protect national sover

eignty and territorial integrity, as well as protect the common interests of people from both sides of the straits.

Taiwan’s administration, led by the Democratic Progressive Party, used the drill as an opport

unity to “deceive and mislead the residents of Taiwan and to provoke and escalate a cross-Straits confrontation,” Ma said.

“Its goal of undermining cross-Straits relations and the peace and security of the region will not succeed,” Ma said. “Nobo

dy should underestimate our adamant resolve and ability to protect national sovereignty and territorial integrity.”

On Tuesday, Taiwan leader Tsai Ing-wen said she will not be intimidated by the military d

rill, calling the exercise “a threat to Taiwan” and an act of “coercion”, the island’s media reported.

Tsai also thanked the United States for considering a deal with Taiwan to renew a $500

million training program in the US for Taiwan F-16 pilots and maintenance crews.

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The monkeys implanted with human genes developed bett

better short-term memory and faster reaction times compared with the control group, acco

rding findings published March 27 in the China-based journal National Science Review.

The study also found that transgenic monkeys’ brains took longer to develop, in a similar fashion to humans.

The experiment has divided the scientific community however, with a number of Western scientists criticizing it as uneth

ical, while some went as far to suggest, perhaps ironically, that it could lead to a Planet of the Apes-type scenario.

The Kunming Institute of Zoology told China Daily in a statement that the experiment was ethically approved in 2010.

In 2015 the animal rights committee of Kunming Biomed International, a research organiza

tion specializing in nonhuman primates, also declared the animals were being treated humanely in every

step of the experiment, in accordance with domestic and international regulations, the statement said.

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