CHINA Fresh Start: Podcast News (8/24/2018 Fri.)

CHINA

Fresh Start: Podcast News (8/24/2018 Fri.)

People's Daily app

05:28, August 24, 2018

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Welcome to Fresh Start.

This is People’s Daily app.

Here are today’s picks from our editors.

China's retaliatory tariffs on US goods worth $16 bln take effect

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China's tariffs on $16 billion worth of US goods took effect at 12:01 pm BJT simultaneously with the US initiating additional 25 percent tariffs on a similar amount of Chinese goods Thursday morning, according to the Customs Tariff Commission of the State Council.

The US tariff list includes commodities such as semiconductors, electronics, plastics, chemicals and railway equipment, while China's tariff list covers automobiles, energy, and chemical raw materials.

Meanwhile, China has filed a complaint with the World Trade Organization (WTO) against US tariffs on $16 billion worth of Chinese goods under the Section 301 investigation, according to the Ministry of Commerce (MOFCOM).

By launching the complaint under the WTO dispute settlement mechanism, China is to safeguard free trade and multilateral mechanisms as well as its legitimate rights and interests, a MOFCOM spokesperson said on Thursday.

(China Plus-People's Daily app)

First Smart China Expo attracts over 500 exhibitors

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The first Smart China Expo opened in southwest China's Chongqing Municipality on Thursday, attracting more than 500 domestic and international companies as exhibitors and more than 100 foreign guests from 28 countries and regions.

With "Smart Technology: Empowering Economy, Enriching Life" as its theme, the expo runs from Thursday to Saturday focusing on new products, technologies and modes in the global development of big data and intelligent industries, according to its organizing committee.

President Xi Jinping sent a congratulatory letter to the event.

Xi emphasized that China attaches great importance to innovation-driven development and is firmly committed to its new vision for development by accelerating the industrialization of the digital economy and digitization of industries to promote high-quality development and pursue better lives for the people.

China is willing to actively participate in international cooperation on the digital economy and advance its healthy development together with other countries to create new drivers and new room for the world's economic growth, Xi said. (Xinhua)

China urges Australia to abandon biases amid Huawei ban

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China urged Australia to abandon its “ideological prejudice” and provide a fair environment for Chinese enterprises to operate in Australia, a Chinese Foreign Ministry spokesperson said on Thursday.

The Australian government banned China's telecommunication giant Huawei from supplying equipment for its 5G network Thursday. The government said that Australia does not want intervention from foreign countries.

Foreign Ministry spokesperson Lu Kang said that China expressed grave concerns over Australia's announcement, accusing the country of making "all types of excuses to create hurdles and taking discriminatory measures."

Lu said that the Chinese government always encourages Chinese firms to cooperate with foreign countries based on international regulations and local laws. (People's Daily app)

Knifeman kills mother, sister near Paris; IS claims attack

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A man stabbed his mother and sister to death and seriously injured another person in a town near Paris on Thursday before being shot dead by police.

The killer had mental health problems and had been on a terror watch list since 2016, Interior Minister Gerard Collomb said.

The motive for the violence remained unclear despite a claim by the Islamic State group that it was an attack by one of its fighters responding to the terror organization’s propaganda.

Regular French criminal prosecutors are investigating the case rather than anti-terror specialists, Collomb stressed, although checks on the knifeman's phone and computer are under way. (AFP)

Britain sets out plans for a 'no-deal' Brexit

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Britain published 25 technical notices on Thursday, advising both companies and people how to prepare for any disruption that might arise from a disorderly Brexit in which no deal with the European Union (EU) is made.

The notices cover aspects including trade, tariffs, and financial services.

On the most contentious issue of trade, the notices remind people that the free circulation of goods between the UK and EU will cease if Britain leaves the EU with no deal.

Companies and businesses may face new paperwork and new rules when dealing with the EU as well. (Xinhua)

Chinese men's basketball team beat Kazakhstan 83-66, advancing to top 8 at Asiad

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The Chinese men's basketball team beat Kazakhstan 83-66 in the preliminary round of 2018 Asian Games on Thursday, and is now at the top of Group D.

Liu Zixuan hit four of his five three-pointer attempts and scored a game-high 18 points.

"Players were lack of patience at halftime, as they committed too much turnovers in the first half. But it is common for a young team to have up-and-downs," said Li Nan, head coach of the Chinese team. (Xinhua)

Thanks for listening and be sure to catch us tomorrow.

And now for the Question of the Day:

Who won the men's basketball championship at the 2014 Asian Games?

(Answer: South Korea.)

Today’s quote is from Austrian composer Franz Schubert.

“Happy is the man who finds a true friend, and far happier is he who finds that true friend in his wife.”

(Produced by Nancy Yan Xu, Ryan Yaoran Yu, Lance Crayon, Raymond Mendoza, and Terry Guanlin Li.)

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