than 10 million visitors each year. Architect Ieoh Ming Pei

World-renowned architect Ieoh Ming Pei, commonly known as I.M. Pei,

has died at the age of 102 at his home in Manhattan, according to multiple reports on Thursday.

Praised as “one of the most revered architects in the world” by The New York Times, Pei has le

ft the world many of its most well-known architectural designs, among many other intangible heritages.

Pei’s modern designs and high-profile projects led him to be considered one of the most high-prof

ile architects of the 20th century, with the renovation of Paris’ Louvre Museum perhaps the most famo

us project he embarked on. He was also involved in the building of the Rock and Roll Hall of Fame in Cleveland.

What Pei valued most in architecture, as he put it, was that it must “stand th

e test of time”. He also valued simplicity: “The simpler the solution, the more powerful it is,” he once said.

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The move followed a State Council decision in April to es

tablish a policy framework for applying a fairly low RRR for small and medium-

sized banks in a bid to lower financing costs for MSEs.

Home prices in 70 major Chinese cities continued to stabilize despite slight increases in April, official data showed Thursday.

New home prices in four first-tier cities — Beijing, Shanghai, Shenzhen and Guangzhou — increased 0.6 percent month

on month in April, up from the 0.2-percent increase in March, said the National Bureau of Statistics (NBS) in a statement.

New home prices climbed 0.8 percent in 31 second-tier cities, and rose 0.5 percent in 35 third-tier cities.

As for resold homes, prices in the four first-tier cities reported a 0.4-percent growth mo

nth on month, while those in 31 second-tier cities went up 0.6 percent, narrowing from the 1.2-percent increase in March.

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Disaster-proofing the world’s largest infrastructure ini

nitiative is a challenge, but achievable,” she said, adding that at the heart of this challenge lies great potenti

al for innovation and creativity, such as new disaster risk prediction and analysis, and disaster-resilient infrastructures.

Huang Runqiu, vice-minister of the Ministry of Ecology and Environment, said dis

aster risk reduction of natural hazards along the initiative is crucial for its success and sustainability.

Regions at the heart of the initiative, such as the Tianshan-Pamir Platea

u, the Himalayas, eastern parts of the Qinghai-Tibet Plateau and South Asia, are facing serio

us disaster threats due to tectonic movements, fragile ecosystems and extreme weather, he said.

Henrik Slotte, a senior disaster management expert from the UN Environm

ent Program, said poorly managed infrastructure projects can damage the ecosystem.

www.aishedesac.com

While early-stage Uber investors such as Benchmark, Men

 Ventures, First Round Capital and Lowercase Capital made a killing in the IPO, some late-stage backers did not fare as well.

Japan’s SoftBank Group Corp <9984.T >, for example, invested in Uber in early 2018 at $48.

77 per share. It also bought shares at a much lower price in a large secondary transaction.

To be sure, other IPOs have traded well so far in 2019, including online scrapbook company Pinterest Inc, vegan burger

maker Beyond Meat Inc and video-conferencing startup Zoom Video Communications Inc. But these were mu

ch smaller startups than Uber that did not execute as many frothy fundraising rounds.

Uber Chief Executive Dara Khosrowshahi, who was on the NYSE trading floor to mark the debut, tried to cal

m investors by pointing to the company’s growth prospects and expansion plans.

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Balancing growth with structural reformting perform

After a disappointing performance in 2018, China’s economy appears to be stabiliz

ing. In the first quarter of 2019, GDP growth, at 6.4 percent year-on-year, matched that of the previous quarter. But grow

th in industrial production exceeded expectations, expanding by 6.5 percent year-on-year (and by 8.5 percent in Mar

ch). Even exports growth was positive, albeit weak, despite the ongoing trade frictions with the United States.

Moreover, fixed-asset investment (FAI) grew by 6.3 percent-0.2 percentage points higher than in the previous quar

ter. Investment in real estate grew the fastest (11.8 percent), followed by manufacturing (4.6 percent) and in

frastructure (4.4 percent). The growth of investment both in real estate and infrastru

cture was stronger not only sequentially, but also year-on-year. As usual, consumption growth was stable.

www.weishow.com.cn

US policy has done a disservice to the international com

munity’s efforts to advance the Middle East peace process and the remarks by the president’s son-in-law and a

dviser Jared Kushner indicating that an upcoming US peace plan does not include a two-state solution with the Palestinians sh

ows the US is hoping to undermine the international consensus built on that premise. Given its complex and chronic nat

ure, there is no quick remedy to the decades-old enmity between Israelis and Palestinians. But both sides need to exe

rcise the utmost restraint so as to avoid sparking another vicious circle of violence.

Meanwhile, the latest bloodshed should convince the inte

rnational community of the urgency of finding a way to resolve the Israeli-Palestinian co

nflict. The US is in no position to act as mediator, but it should avoid doing anything to make the situ

ation worse. And notwithstanding the US stance, the consensus on a two-state solution needs to be shored up and grea

ter efforts need to be made to resolve the Palestinian-Israeli issue through dialogue and negotiations.

meilita.cn

Firefighter and ambulances have arrived at the scene for

It was reported that the fire could be caused by lightening strike.

Moscow’s transport prosecution office is investigating into the incident and it will check i

f there were violations of the flight safety legislation, according to Sputnik news agency.

Sarah Daley, a student at the University of Virginia, has deep connectio

ns with China. She spent the summer of 2018 teach

ing English in Hebei province and has a younger sister who was adopted from China in 2009. Both experiences left

her with positive impressions of Chinese people and long-lasting friendships.

Those connections led to Daley being honored by the Chinese embassy

in the United States during an award ceremony in Washington on Saturday, after she sha

red her stories with the world through an event hosted by the embassy and China Daily.

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The development model of “killing the hens to get the

eggs” and “draining the lake to get the fish” has reached a dead end, Xi said.

“We should protect the ecological environment as we pro

tect our own eyes, and treat the environment as we treat our own lives,” he said.

The president, who has advocated building a community with a shared future

for mankind, also brings an international perspective to environmental protection.

“In the face of environmental challenges, all countries are in a community with inter

linked destinies, and no country is immune,” Xi said at the opening ceremony.

The exhibition attracted more than 110 countries and internati

onal organizations, as well as more than 120 unofficial exhibitors.

About 10 heads of state and prime ministers attended the opening ceremony.

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“It is the predictability, transparency and nondiscr

rimination bent of the law which, in my view, will lead to a significan

t inward flow of foreign capital in key services and advanced manufacturing sectors,” he said.

Overholt said “the list of issues that President Xi has addr

essed are the issues that the business community is concerned about”.

“It is excellent that President Xi recognized some problems,” especially those associated with its Belt and Road Ini

tiative, such as transparency and corruption, said Craig Allen, president of the US-China Business Council.

Experts also were interested in how the reform policies and laws would be implemented, something Xi addressed in his speech.

“People are very positive about the direction, but they need t

o know the details” of how the promises would be delivered, Overholt said.

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Sometimes there have been legitimate concerns lyin

 beneath the surface of the anti-China theory. I have not criticized the Australian government fo

r banning foreign campaign donations or requiring representatives of foreign governments to register with the authorities. On Hua

wei, I am neutral. Who knows what evidence was considered by the Australian National Security Committee of th

e Cabinet to justify the ban on the world’s biggest telecommunications company as a supplier of 5G equipment?

Publicity conflated, tinged with racism

But, as Evans says, a lot of the publicity has been conflated, even tinged with racism. Take the following examples:

In 2017, former China correspondent for Fairfax John Garnaut alleged t

hat China was exporting “racial chauvinism” to our universities. This generated a raft of headl

nes and bought warnings from Julie Bishop, then foreign minister, to Chinese students. B

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