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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Foreign investors’ access to onshore stock index futures

“Moreover, as foreign investors’ trading helps boost liquidity in the domestic market and makes the price changes mor

e consistent with international trends, domestic market participants can also better hedge against risks,” he said.

Experts also expect China to open up the stock index futures mark

et to foreign investors, as they have large exposure in t

he A-share market and are therefore in need of this risk management tool.

Foreign investors’ access to onshore stock index futures is an “infrastructure” for fin

ancial market opening-up, without which foreign investors’ passion for Chinese shares may be dampened, said Wa

ng Maobin, investment department chair at the University of International Business and Economics in Beijing.

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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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Also, these new first-tier cities have preferential po

policies for residence permits and financial incentives to lure more talent.

For example, Zhenjiang in Jiangsu province, promised bonuses of 150,000 and 200,000 yuan for house purchases to gradua

tes with master’s and doctoral degrees, respectively, after they work in the city for three years.

Haikou, capital of Hainan province, is attracting college students with a monthly rent s

ubsidy of 1,500 yuan, with an 18,000-yuan allowance to graduates who decide to buy an apartment there.

Employment, especially some groups such as college gradu

ates and demobilized military staff, remains a priority to the government.

Premier Li Keqiang said at a teleconference on May 13 that employme

nt pressure will be felt this year by a larger number of college graduates. However, promotin

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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.

shangjianxiachui.cn

The future growth prospects of today’s early-stage (that is

lower-income-some growing and others not) developing countries will be of huge importance in red

ucing poverty further. Although these countries face significant headwinds, they could also seize imp

ortant new growth opportunities-especially with the help of digital platforms.

The headwinds are certainly considerable. For starters, advances in digital technolo

gies-robotics, machine learning, sensors, and vision-directly threaten the labor-intensive manu

facturing and assembly upon which lower-income, nonresource-rich economies have traditionally relied.

Moreover, climate change has had its greatest economic impact on the tropical and subtropical regio

ns where most of the lower-income countries are located. The effects of global warming are highly disrup

tive in fragile economies, and, taken together, constitute a major new obstacle to growthle

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A spokesman for Boeing Co said that the company

 was aware of the incident and was gathering information.

The charter company is contracted by the military for its twice-weekly “rotator” roundtrip

service between the US mainland and Guantanamo Bay, said Bill Dougherty, a spokesman f

China is concerned about protecting its own rapidly growing intellectual property, leading to increased reco

gnition of the issue’s importance, according to US citizens with business ties to the country.

Frank Wu, president of the Committee of 100, a nonpartisan leadership organization of prominent Chinese Ame

ricans in business, government, academia and the arts, said, “China has made great progress. China has its own inte

llectual property to protect. That includes both in the global marketplace and also internally.or the Jacksonville base.

It flies every Tuesday and Friday from the Naval Station Norfolk in Virginia to the Jacksonvil

le air station and on to Cuba. It then flies back to Virginia with a stop again at Jacksonville, Dougherty said.

exdkjp.cn

Xi said China’s moves to boost opening-up follow from

 an independent choice based on the objective need of the country’s reform and development.

This is helpful in promoting high-quality growth, meeting the people’s need

s for a better life and promoting peace, stability and development of the world, he said.

China also hopes that other countries will create a good investment environment, treat Chinese enterpris

es, students and scholars equally and create a friendly environment for their normal international exchange activities, Xi said.

Xi pledged to take stronger measures to promote international cooperation in protecting intellectual pro

perty, which he said is not only crucial to protecting the legal rights of companies but also to promoting high-quality growth.

China will enhance policy coordination with the world’s major economic entities and j

ointly promote the robust, sustainable, balanced and inclusive growth of the global economy, he said

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The two sides can help jointly find solutions to glob

 and bilateral issues despite remaining difficulties in bilateral relations, he said.

The thawing of ties between China and Japan was marked by Li’s visit to the country in

May, the first by a Chinese premier in eight years, and the visit by Japanese Prime Minister Shinzo Abe to China in October.

The economic dialogue between the two countries was launched in 2007,

and deteriorated relations due to disputes over a number of issues resulted in an eight-ye

ar hiatus until last April, when the two sides restarted with the fourth round of dialogue in Tokyo.

China said on Monday that the Belt and Road Initiative is open to economic cooperation with

other countries and regions, and it does not become involved in territorial disputes of relevant parties.

Foreign Ministry spokesman Lu Kang said at a daily news briefing tha

t although the initiative was proposed by China, it is an international project for the public good.

While advancing the initiative, China upholds the principle of equality, openness and transparency and sticks to enter、

prise-oriented market operations as well as market laws and well-accepted international rules, Lu said.

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After making a couple of reconciliatory gestures, suc

ch as freezing nuclear and missile tests and demolishing some test sites, Pyongyang want

s something in return. Which is not unreasonable, but so far has not been forthcoming.

Washington should not anticipate Pyongyang denuclearizing in a wholesale, one-off mann

er. After all, its nuclear missile programs are the sole bargaining chip it has in its hands.

Rather than surrender its nuclear arsenal in a wholesale manner, it is in Pyongyang’s best inte

rests to turn its engagement with Washington into an arms control regime between two nuclear states.

It may be that a third Trump-Kim summit happens. But meaningful hea

dway in denuclearization entails more than what the two sides appear ready to offer at the moment.

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