Trenton

This topic has gone viral among Chinese netizens, an

d turned into a red-hot search item on Sina Weibo, China’s equivalent to Twitter.

The gross output value of the Chinese snack industry has reached 2.22 trill

ion yuan, according to a report released in December by the Circulation Industry Pro

motion Center, which is affiliated with the Ministry of Commerce.

Online e-commerce has accelerated the market penetration rate of snack food, cultivating and promoting purchasing habits of

customers, the report said, adding that snacks accounted for nearly 30 percent of the total online food sales.

A total of 15 tons of mahua (fried dough twists) and 10,769 pieces of subing (crispy cookies) sold out

in just four days. An 8-year-old snack company predicted its revenue would top 10 billion yuan this yea

r. All these have shown China’s snack industry is developing at an unprecedented speed.

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n accordance with security needs. This is within the natura

ral rights of a sovereign state, and a necessary measure to counter those provocative actions.”

Mutual trust also is growing between China and countries in the region due to joint effo

rts. The overall situation in the South China Sea is stable and becoming better, Shao said.

“Countries from the region have the will, wisdom and capability to manage differences and jointly

promote peace, thus transforming the area into a sea of peace, friendship and cooperation,” he said.

On the Korean Peninsula question, China insists on denuclearizing the penin

sula, and solving issues through dialogue and consultation, Shao said.

“China has consistently, seriously, fully and rigorously implemented

the United Nation’s resolutions regarding the peninsula,” he said. “China also is willing to

work with various parties to promote the denuclearization of the peninsula via political solutions.”

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Pacts set to be signed during Xi’s state visitbal strateg

Pragmatic cooperation, global strategic stability high on Sino-Russian agenda

Beijing and Moscow will sign around 30 cooperation documents d

uring President Xi Jinping’s state visit to Russia next week, including two joint statements on bilateral t

ies as well as on global strategic stability, Vice-Foreign Minister Zhang Hanhui said on Thursday.

Xi will kick off a three-day state visit to Russia on Wednesday at the invitation of Russian President

Vladimir Putin, and attend the 23rd St. Petersburg International Economic Forum to be held between June 6 and June 8.

The two presidents will witness the signing of an array of agreements on business d

eals in areas such as trade, investment and energy, Zhang said at a media briefing in Beijing.

This year marks the 70th anniversary of diplomatic ties between

China and Russia, and Xi’s visit will mark a milestone for both countries, Zhang said.

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hina to remain steadfast protecting national security

First, China has undisputable sovereignty over islands and their surrounding waters in the South China Sea, backed by a wealth of historical and legal basis,” Shao said.

For a long period of time, various nations’ normal passage and flight in the region have never been obstructed. “There i

s no issue over the freedom of navigation and overflight in the South China Sea,” he said.

However, the US has frequently sent vessels and aircraft to trespass into Chinese mar

itime territory and airspace, and has conducted intense intelligence gathering and special drills in the region.

“These actions damage the peace and security of the region,” Shao said. “As a result, the PLA

has installed necessary defense equipment on the islands in accordance with security needs. This is within

the natural rights of a sovereign state, and a necessary measure to counter those provocative actions.”

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The Guangdong government will optimize the autom

obile consumption environment. Automobile plate lotteries and bidding indicators in Guan

gzhou and Shenzhen will be broadened, and no other cities in Guangdong province may introd

uce automobile purchase restriction regulations. The government will strengthen the supervision of automobile sales, the maintenance and acc

essories industry, and establish a public notice system for automobile sales. Meanwhile, the used car consumer mar

ket will be improved and procedures for used car transactions will be simplified.

The Implementation Plan clearly states its aim to stabilize housing co

nsumption. The province will expand the supply of rental housing and the coverage of perma

nent residents in public rental housing, and housing provident fund systems.

The province will promote the upgrading of rural consumption in building rural tourism brands and improving infrastru

cture such as rural networks, communications, h

ydropower, logistics and highways. It will also vigorously encourage new modes of cons

umption, including accelerating the development of new information consumer products such as 5G-base

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n hindsight, their 73-day-long border standoff in the sum

ummer of 2017 is now seen as a watershed which made b

oth sides ever more pragmatic in building their partnership. This explains why, during his fir

st term as India’s prime minister, Modi visited China five times while Xi Jinping visited India twice. The two lea

ders also met at many multilateral meetings, several of which saw them showcasing joint statesmanship.

Since his Shangri-La Dialogue speech in June last year, Modi has propagated engaging China in Indo-Pacific disco

urses as well as ensured that the “Quad” (the grouping of the US, Japan, Australia and India) does not become a mili

tarized or “exclusive” club of a few. Breaking out of the myopic preoccupation of seeking parity with Ch

ina in the limited bandwidth of their expanding economic prowess-where China is five times taller th

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After being sworn in for the second time as India’s prim

me minister on Thursday, Modi is likely to have his first “structured” talks with President Xi Jin

ping on the sidelines of the Shanghai Cooperation Organization summit in Bishkek, capital of Kyrgyzstan, in June.

China has been viewed in India as far more positively inclined to engage with Modi during

his second term in office. Even before the full results of the recent elections were declared, the Chinese media

welcomed Modi’s return to office. In the midst of India’s exhausting six-week-long elections, Beijing’s diplomatic an

d strategic moves helped Modi assert his anti-terrorism policy and reinforced memories of the informal summit in Wu

han, Hubei province, in April last year, which showcased the personal chemistry of the two Asian leaders.

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Development of huge shale oil field goes full steam

This year, PetroChina’s Xinjiang Oilfield Company has been fully develop

ing the Jimsar shale oil field, which boasts 1 billion tons of shale oil reserves, Xinhua reported.

The company has mobilized 36 drilling rigs, started drilling on 47 wells and completed eight wells till now. The daily drille

d footage surpassed 2,000 meters and the total drilled footage reached 160,000 meters.

PetroChina has ramped up exploration efforts on Bohai Bay Basin, Songliao Basin, Ordo

s Basin and Junggar Basin in recent years and shale oil was listed as one of the four exploration goals. Dagang Oilfi

eld, Xinjiang Oilfield, Tuha Oilfield and Changqing Oilfield have been set as important demonstration zones.

Xinjiang Oilfield Company said it planned to mobilize 45 drilling rigs this year to finish drilling nearly 100 wells.

ax132.cn

General Wei is scheduled to give a speech on China’s se

ecurity cooperation with the international community and will meet heads of several

foreign delegations, Wu said at a news conference in Beijing on Thursday afternoon.

hina’s tech giant Huawei Technologies Co maintained its ranking as the w

orld’s No 2 smartphone vendor, continuing to narr

ow the gap with Samsung, the first on the list, market research company Gartner Inc reported.

With 71.62 million in smartphone sales, the world’s top vendor Sam

sung saw its market share reduce from 20.5 percent to 19.2 percent in the first quarter of this year.

Huawei sold 58.4 million units of smartphones in the same p

eriod, up 44.5 percent year-on-year, the highest growth among the world’s top five.

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When asked if China will stop exporting rare earth mat

aterials to the US, Gao Feng, the ministry’s spokesman, said China

has been the world’s largest supplier of rare earth materials and has always been keen to m

eet the demand of its trade partners on this material to promote the rare earth industry.

The ministry made the remarks after the Trump administration starting May 10 raised tariffs on Chinese goods and rest

ricted Huawei’s business operations, which has harmed the interests of companies and financial markets on both sides.

“While satisfying domestic demand, China is always willing to fulfill other coun

tries’ rightful needs for rare earth materials,” he said. “But if any country plans to use the rare earth materials that Ch

ina exports to make products that will suppress China’s development, it is not acceptable.”

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