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y year-end, ETC lanes will become the mainstream, which

h will allow nonstop passage of freight vehicles in addition to passenger vehicles.

The action plan aims for establishing an electronic toll system for China’s expressways by 2025.

The move to dismantle the real tollgates will help resolve traffic jams on provinci

al borders, said Dai Dongchang, vice-minister of transport in a policy briefing in May.

The ministry has piloted dismantling 15 concrete tollgates on provincial borders in three provinces — Jiangsu, Shandong an

d Sichuan – as well as the municipality of Chongqing. Time to pass was greatly reduced from 15 seconds to two seconds f

or passenger vehicles and from 29 seconds to three seconds for freight vehicles.

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Education Ministry issues notice to prevent ‘gaokao immigr

China’s Ministry of Education issued an urgent notice to schools on Friday to prevent “gaokao immigration”.

“Gaokao immigrants” refers to those individuals who lack a hukou (household registration) or student status in a pro

vince but still attend the gaokao, the National College Entrance Examination, in that province.

The ministry required local authorities to ensure that the exam-free access to near

by primary and secondary schools is universally available for school-age children.

High schools should strictly follow the admission procedures and policies, said the

ministry, adding they are banned from vying for ace students in violation of regulations.

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The US administration’s more often than not conflicti

conflicting goals have resulted in the trade conflicts with China an

d other countries. For instance, China’s exports to the US grew 11.3 percent

and its trade surplus with the US increased to $323 billion in 2018, up 17.3 percent year-on-year.

Moreover, Washington has forbidden US companies to sell chips to ZTE, a Chinese multinational telecommunications equip

ment and systems company, even after imposing huge fines on the company. By so doing, the US has act

ually encouraged China to increase investment in its high-tech sector. So, even if China and the US

were to strike a deal, China would be prompted to import lower volumes of energy and agricultural products from the US.

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launched early last year, has contributed 257 milli

n yuan ($38 million) in sales of more than 780 types of products with the Winter Games logo as of the first quarter this year.

The Organizing Committee on Friday also unveiled its plans for volunteer recruitment and training. International recruit

ment, which will be launched in December through an online system, aims to select 27,000 volunteers to di

rectly serve the Games’ operation, while another 80,000 or so will work as city volunteers.

The Games’ official mascot will be unveiled in the second half of this year.

The Ministry of Education (MOE) of China has issued a statement

warning the country’s middle and primary schools against unauthorized selections and rankings.

The statement, made public on Thursday, was based on several lists of so-called “top

100 middle and primary schools in China” recently released by some institutions.

The MOE has never authorized any organizations or institutions to carry out such selections or rankings, according to the statement.

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All of my knowledge and expertise in the space field

 was about ground operations, such as telemetry, tracking and command of spacecraft.

“I want to study satellites. I want to learn and work on communications satellites operating in low Earth orbit, because no

w we have a communications satellite in geosynchronous orbit, and remote-sensing satellites in low Earth orbit,” he said.

“I want to learn how to combine these technologies and do some research here in Beijing, s

o when I come back to my country I can help to develop our own satellite technology,” he added.

Each of Venezuela’s three satellites-one communication and two r

emote-sensing satellites-was designed, built and launched by China.

The Beijing-based China Academy of Space Technology, a subsidiary of State-owned spa

ce giant China Aerospace Science and Technology Corp, is a major developer of satellites and spaceships in China.

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I think the Belt and Road Initiative is very good . Five

pillars of the initiative are important. The most and best (part) of it, I think, is connectiv

ity and inter-culture exchange, sustainable development agenda, and knowledge transfer.

China is the biggest market in the world. We have enough resources in our country. We want our p

roduct get access to the market and we also want to live in good infrastructure, such as roads, railw

ays, schools, hospitals. I also hope knowledge of China come to our country. We have sea access, and good infra

structure can help our country and neighboring countries get access to the Maritime Silk Road.

China has become the second-largest investor of our count

ry in the past 10 years. It’s investing infrastructure, mining

and agriculture. We have Confucius Institute, facilitate Chinese and Portuguese learning. The Belt and Road

Initiative helps Mozambique boost its industrialization, technology and finance.

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There is some merit to raising capital,” said Chief Exec

cutive Elon Musk on a call discussing the results. “It’s probably about the right time.”

He also said he would prefer Tesla to be private but “that ship has sailed.”

The company which is ramping up production of its Model 3 electric sedan, the vehicle Tesla sees as the key to future succ

ess, stood by its 2019 delivery forecast of 360,000 to 400,000 vehicles and said it may produce as many as 50

0,000 vehicles if its factory in Shanghai reaches volume production in the fourth quarter.

Tesla said it would make a loss in its second quarter but predicted a return to profit in the third.

Musk said that global deliveries were “the most difficult logistics problem” he had ever seen.

Haris Anwar, senior analyst a financial markets platform Investing.com, called guida

nce for the second quarter “bleak”. “I continue to see a very volatile 2019 for Tesla and its shares,” Anwar said.

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China becomes second-largest source of ‘unicorn com

China has become the world’s second-largest source of “unicorn companies” accordi

ng to the latest report on China unicorn companies by the Evergrande Research Institute.

With 88 in total, China is the world’s second-largest source of unicorn compani

es following the US with 151. The report cited data from IC Insight gathered between 2013 and Dec 31, 2018.

Twenty-two companies worldwide were included as super unicorn companies in 2018 and C

hina’s Fintech company Ant Financial ranked first in value worth $150 billion, the report said.

The US and China had the greatest number of new sup

r unicorns worth $10 billion last year with 12 and 7 respectively, accounting for 86.4 percent of

the world’s total. The UK, India and Singapore had one of these companies each in the same period.

New energy vehicles, artificial intelligence chips, robots, big da

ta, computer vision and cloud computing are the main areas for these emerging unicorns.

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Information consumption vital to China’s economythe US inte

Information consumption has become a new engine for China’s economy, playing a vital role in d

riving domestic demand, creating jobs and pushing forward industrial upgrades, People’s Daily reported.

Last year, China’s information consumption rose 11 percent year-on-year to

5 trillion yuan ($745.39 billion), accounting for 6 percent of the GDP, according to the Internet Society of China.

To further boost information consumption, the Ministry of Industry and Inform

ation Technology and the National Development and Reform Commission unveiled an action plan in August.

According to the plan, by 2020, China’s spending on information consum

ption is expected to be 6 trillion yuan, with average annual growth of more than 11 perce

nt. Information technology is estimated to drive 15 trillion yuan in related consumption.

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Future of Sino-US ties lies in cooperationhina and the Uni

More than 40 years ago China and the United States engaged in “ping pong diplomacy”, ea

sing the tensions between the two countries ever since the founding of New China in 1949.

With the People’s Republic of China retaining its rightful seat in the Un

ited Nations Security Council in 1971 and its international status continuously imp

roving, it had become apparent that the US policy to contain New China would be fruitless.

The US, on the other hand, was mired in the Vietnam War, which was sapping its national po

wer. So the US administration realized it should establish friendly relations with China in order to end the w

ar. Against this background, on Jan 1, 1979, the two countries formally established diplomatic relations.

But even before it established diplomatic relations with the US, China launched reform and opening-up in late 1978. As the leade

r of the Western world, the US played the dominant role in the global economy, as well as the technology, invest

ment, finance and other fields, with which China had to integrate to ensure its economic development.

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