Abe, for his part, said that Japan attaches high importance to its relationship with China. It is willing to take the opportunity of the 40th anniversary of the signing of the Japan-China Treaty of Peace and Friendship to promote comprehensive improvement of bilateral ties, to realize high-level exchanges, and to expand cooperation under the framework of strategic relationship of mutual benefit.
Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks while presiding over a plenary session of the central commission for integrated military and civilian development, which he heads.
"Accelerating the development of Hainan as an international tourism island...offers the biggest opportunity and the biggest comparative advantage for Hainan."
Thirty years ago, when Hainan became a province, Boao was a sleepy, unknown fishing town. That was 1988. Even after the first Boao Forum was successfully held in the town in 2001, the name Boao remained obscure.
Importantly, China has opened a World Trade Organization challenge to the US' initial $50 billion proposed tariffs, while the eurozone and Japan joined a US challenge against alleged intellectual property theft by China. While we know the WTO arbitration process is a lengthy one－measured in months－it is nonetheless encouraging to see the international body is still being used as a medium of communication between different parties to settle trade disputes. That indeed is a ray of hope.
Wang Xiaotao, the agency's chief, also attended. He was named the head of theagency, the first of its kind in the country's history, earlier this month.
If China responds to these $150 billion of threatened US tariffs in kind, the cumulative loss of GDP in 2018-19 could reach 0.3 percent in each economy with the US potentially loosing more than 300,000 jobs. Importantly though, these threatened tariffs will be subject to negotiation, and therefore shouldn't be considered as final.
"To advance its integrated tourism development, Hainan is speeding up the construction of tourist cities, special feature towns and beautiful villages," Sun said, adding that the province will promote rural tourism through 100 special feature towns and 1,000 villages.