A federal judge in Washington ruled Monday against President Donald Trump in a financial records dispute with Congress.

US District Judge Amit Mehta, who was appointed by President Barack Obama, said T

rump cannot block a House subpoena of financial records. He sai

d the Democratic-led House committee seeking the information has said it belie

ves the documents would help lawmakers consider strengthening ethics and disclosure laws, among other things.

The committee’s reasons were “valid legislative purposes,” Mehta said, and it was not for hi

m “to question whether the Committee’s actions are truly motivated by political considerations.”

The decision comes amid a widespread effort by the White House and the preside

nt’s lawyers to refuse to cooperate with congressional requests for information and records.

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The root cause for the repeated twists and turns in the China-US trade talks lies, to a grea

t extent, in the United States’ serious deviation from, and disdain for, the objective laws of econ

omics. The fact that China will never accept its unreasonable demands further complicates the matters for the US.

The US administration’s often competing and clashing objectives-though m

any of them are understandable-cannot be realized simultaneously. For instance, the U

S hopes to revive its industries and boost its real economy while maintaining the huge bubble in its financial market.

A dream called sustainable reindustrialization

Yet the US expends huge amounts of its resources just to maintain its mo

netary hegemony and thus ensure its financial sector offers higher pay and return on inv

estment compared with the real economy sectors, which helps it to maintain its advantage in

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While some netizens praised the story, others felt cheated for the home decoration advertisement afte

r the video. Jiang Luxian, a lawyer from Chengdu, Sichuan province, said the advertisement probably violates relevant provisions of the A

dvertising Law, and the creativity of “sharing father” is also improper for public order and traditions.

Oppein, the creator behind the promotion, however, said on social media that

it hoped everyone would pay attention to the lack of father figures, and return to the family for love.

“Everything can be shared in this era, apart from family love,” the company said.

China’s foreign direct investment climbed 6.4 percent year-on-year to 305.24 billio

n yuan ($44.38 billion) in the first four months, the Ministry of Commerce said Thursday.

Meanwhile, investment from South Korea, the United States and Germany in Chin

a grew 114.1 percent, 24.3 percent and 101.1 percent year-on-year, respectively.

In April alone, FDI amounted to 62.95 billion yuan, up 6.3 percent year-on-year.

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 A shares, in the final step as part of the November 2019 Semi-Annual Index Review, according to the report.

About 109 companies will be added and three removed from the MSCI China A Onshore Index, whic

h will take place as of the close of May 28, and the three largest additions to this index would be the

Wens Foodstuff Group A, Contemporary A and Shenzhen Mindray A, the MSCI said.

In addition, the MSCI China A Onshore Small Cap Index will see 503 stocks added and 49 cut, with most of the new addi

tions coming from newly eligible ChiNext stocks, according to an official statement of MSCI.

MSCI also updated the list of China A Mid Cap securities that may potentially be adde

d to the MSCI China and the MSCI Emerging Markets Indexes as part of the third step of th

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ct “regular sales” of “defense articles” to Taiwan and back its participation in international organizations.

“We urge the US side to keep its promise, abide by the one-­China policy a

nd the three joint communiques, and block the bill’s progress,” Geng said.

He urged the US to “appropriately handle the Taiwan question to avoid serious da

mage to Sino-US cooperation in key areas, and the peace and security of the region”.

Experts said the bill will further damage Sino-US relations, and the confr

ontational approach taken by the US against China will damage regional peace and security.

Yuan Zheng, director of US foreign relations research at the Institute of American Studies under the Chinese Academy of

Social Sciences, said the recent passage of US naval vessels through the Taiwan Straits, arms sales and

political support to Taiwan are meant to help Taiwan separatists and pressure Beijing.

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She added that 28 passengers are now in the airport terminal, and five have been taken to a hospital.

A group of experts trained in providing psychological assistance

to survivors and relatives of victims has been sent to the airport.

President Putin has offered his condolences over the incident.

Kremlin press secretary Dmitry Peskov said Putin has ordered “th

e most thorough investigation” to find out the cause of the disaster.

According to Russia’s ITAR-Tass News Agency, a criminal case was opened after the incident on charges of violating flight safety rules.

Markovskaya said a commission headed by Russian Transport Minister Yevgeny Dietrich is working at Sheremetyevo.

Authorities in the Murmansk region have declared a three-day period of mourning. Andre

i Chibis, the region’s acting governor, announced the mourning period on Facebook.

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rch and field development resources to expand in the Chinese market over the coming years, he said.

Ministry of Commerce spokesman Gao Feng said last month that the t

wo countries’ negotiating teams are hashing out the text of a deal, including an enfo

rcement mechanism, based on mutual respect and benefit. Both countries, the world’s two biggest eco

nomies, have been intensifying their consultations and aiming to break the deadlock in a timely manner.

In the ninth round of trade consultations, negotiators discussed tec

hnology transfers, protection of intellectual property rights, non-tariff measures, the servi

ce sector, agriculture, trade imbalances and enforcement mechanisms.

Trade between China and the US amounted to 815.86 billion yuan ($121.7 billion) i

n the first quarter of the year, an 11 percent year-on-year decline, according to the General Administration of Cus

toms. In March, Sino-US trade climbed 0.1 percent to 291.35 billion yuan, according to the administration.

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ful initiative, and credited the initiative for connecting countries from different regions, with different nationalities and cultures.

The BRI will provide a strong impetus for global economic growth and prosperity, he added.

Switzerland supports the BRI and commits to promoting the initiative in Europe, Maurer said.

He added that the country hopes to deepen bilateral cooperation in trade, investment and innovation with the initiative’s framework.

China and Portugal signed a series of cooperation documents on Monday — includin

g a framework agreement on third-party market cooperation — to strengthen their bilateral ties.

President Xi Jinping and Portuguese President Marcelo Rebelo de Sou

sa witnessed the signing of the documents in the Great Hall of the People in Beijing.

In talks with Rebelo de Sousa, Xi said China and Portugal are important strategic partn

rs for each other, with great convergence in their interests and strong complementary aspects in their economies.

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l make positive contributions in implementing the 2030 Agenda for Sustainable Development of the United Nations.

The leaders also pledged to pursue trade and investment liberalization

and facilitation, reject protectionism and unilateralism and uphold the rule-based mul

tilateral system with the World Trade Organization at the center, according to the communique.

Xi told reporters that the consensus reached by the leaders has set the right course for the development of the BRI.

Our shared goal is that we work together to make the interconnectivity among various countries more efficient, foster mo

re robust economic growth, develop even closer international cooperation and enable people to live a better life, he said.

Xi also said BRI cooperation projects will be market-based. To ensure s

ustainable development, the leaders agreed to promote a level playing field for business com

munities and create a nondiscriminatory business environment, he said.

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ational Cooperation, to be held in Beijing on Thursday through Saturday, S

ong said the ministry will help deepen economic and trade cooperation with other coun

tries. “China will build more free trade zones with countries that are willing to do so,” Song added.

“As for the existing free trade zones, we will reduce administrative barriers in trade

and investment and push the formation of a big Belt and Road marketplace.”

While some critics have argued that the initiative will lead countries i

nto debt traps, Song said debt can be solved through joint efforts to promote the devel

opment of BRI economies. “Even though some countries may have high debt levels, as their pace of indus

trialization, urbanization and modernization accelerates, their debts will gradually decrease.”

Joe Kaeser, president and CEO of Siemens AG, said, “If an initiative like the BRI unifies more than two-thirds of the global

population, it will create massive infrastructure and economic movement that will build its own rules.”

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