Month: March 2019
China will further open up to foreign investors and offer them treatment equal to that of domestic companies with firm prote
ction of their legitimate rights, Premier Li Keqiang said at the Boao Forum for Asia on Thursday.
The country will fully adopt pre-entry national treatment and negative lists for overseas
investment, Li said at the opening ceremony of the forum’s annual conference in Hainan province.
By the end of June, China will release the amended negative lists for foreign investment ac
cess, he said. “The negative lists will only be shortened. … We will ensure fair competition and common deve
lopment for Chinese and foreign companies with fair supervision,” Li told more than 2,000 participants.
A negative list shows areas where investment is prohibited; all other areas are presumed to be open.
The government has started formulating matching regulations and rules to supp
ort implementation of the Foreign Investment Law, adopted two weeks ago, Li s
aid, adding that supporting regulations will take effect along with the law on Jan 1.
hina and the United States will hold their eighth round of high-level economic and trade cons
ultations in Beijing on Friday, with “much work” remaining to be done, the Ministry of Commerce said.
Ministry spokesman Gao Feng said on Thursday that the two nations have made some progre
ss through recent phone discussions between Vice-Premier Liu He and US Trade Representative Robert Ligh
thizer and Treasury Secretary Steven Mnuchin. “But there remains much work to be done,” he said.
To iron out differences over certain economic and trade issues, China and the US have b
een intensifying their consultations. Next week, Liu will visit Washington for the ninth round of talks.
Negotiators from both sides are striving to implement consensuses reached betw
een the countries’ leaders in December, Gao said at a regular news conference.
sia and Ethiopian planes has not been released, but analysts say the pilots may not have known h
ow to turn off the anti-stall device after it pointed the nose of the plane down, and that may have been a factor in the crashes.
On Wednesday, Mike Sinnett, Boeing’s vice-president, said he doesn’t see the need to overhaul its development of aircraft. He c
alled the new Max software “more robust” but also said the upgrade does not mean the original design was inadequate.
The upgraded MCAS will be activated by input from two sensors rather than one.
The system’s power will be limited so that the pilot can pull back on
the control column to override the system if the plane’s nose is pointed down.
Sinnett said a new training system for pilots on upgrades to the MCAS has been “provisionally approved”.
Cooperation at the ministry’s Office for International Military Cooperation, said that comp
ared with other branches of the military, the PLA Navy plays a relatively larger role in protecting China’s overseas inter
ests and maintaining security in key sea lanes such as the Gulf of Aden and waters off Somalia.
“The PLA Navy is at the forefront of proving that the Chinese milita
ry is an open, cooperative and competent force for peace,” he said, adding that the PLA Navy has f
requently participated in humanitarian rescue missions, naval escorts, joint exercises and exchanges in past years.
“Through these non-war military operations, the Chinese Navy has also improved its capability and operability in dis
tant waters,” Zhou said. “Many security issues around the world require global efforts, and as its capability impr
oves, the PLA Navy can play a bigger part and contribute more to global maritime security.”
Editor’s Note: President Xi Jinping visited Italy, Monaco and F
rance from March 21 to 26. Why is the visit important for China-European Union rela
tions? Two experts share their views on the issue with China Daily’s Pan Yixuan. Excerpts follow:
Visit sets positive tones for China-EU relations
Xi’s visit to the three European countries has yielded substantial fruits of cooperation, the most significant being the
signing of a memorandum of understanding between China and Italy paving the way for Italy to participate in th
e China-proposed Belt and Road Initiative to promote mutual development.
The cooperation deals in fields such as trade and infrastructure that Italy has signed with
China will help the Italian government to boost the country’s economic recovery. For instance, the exp
ort of Sicily’s red oranges to China by air will be a small but important step toward boosting bilateral trade.
domestically rated “AAA”, the safest level. The sale to individual investors is mainly of project-link
ed special-purpose bonds, a type of local government bond vigorously promoted by the government in re
cent years. The cash flows generated from the underlying projects will be used as the primary repayment sources.
In China, there are two types of local government bonds: general bonds and special purpose bonds. According to the country’s 2019 budget repor
t, which was approved by the top legislature earlier this month, the budgeted deficit for local governments is 930 billion yuan, up 100 billi
on yuan compared with 2018, and this fund gap will be supplemented by general bonds.
In the meantime, 2.15 trillion yuan of special purpose bonds will be issued to support la
rge infrastructure projects, such as shantytown renovation projects and railways, said the ministry.
Letting individual buyers invest in local government bonds is a way to narrow the government’s financin
g gap, said Hu Yijian, a tax professor at Shanghai University of Finance and Economics. The gap is expected to expand, as policym
akers decided to cut about 2 trillion yuan in taxes and fees this year while at the same time increase spending on investment.
Zeng Niaoniao, a qipao designer in the post-95s generation, started her business when she was a sophomore in 2015, and now runs stores both online and off.
Last year, the turnover from her online store reached 12 million yuan ($1.78 million)
The 24-year-old designer has a track record on improving qipao, displaying her work at the 2018 Shan
g Fashion Week and attracting Chinese pop idol Yang Chaoyue to wear her design for an advertising photoshoot.
Zeng said her wish was to see people wearing her designs to stroll around town, and sh
e wanted to bring more improved qipao with new designs to young Chinese girls.
May’s offer to quit fails to break Britain’s Brexit stalemate
LONDON – British Prime Minister Theresa May failed to sway hardline opponents of her European Union divorce de
al on Wednesday with an offer to quit, but parliament’s bid to agree an alternative fell short, leaving the Brexit process as deadlocked as ever.
May told her Conservative lawmakers she would step down if her Brexit deal was finally passe
d by parliament at the third attempt, in a last-ditch bid to win over many of her party’s eurosceptic rebels.
A group of scientists in Gansu province have discovered a fossilized b
ird dating back about 110 million years and the first ever to have an unlaid egg in its abdomen.
The fossil represents a new species, Avimaia schweitzerae, belonging to a group called the Enantiornithes, which was a
bundant around the world and coexisted with dinosaurs in the Cretaceous period.
The well preserved fossil was discovered in the city of Yumen.
Because the specimen was crushed flat, it was only after a small fragment was extracted and analyzed under a micro
scope that the research team at the Chinese Academy of Sciences’ Institute of Vertebrate Paleontology and Pal
eoanthropology realized the unusual tissue was an egg, said Alida Bailleul, the lead author of the article.
came to Europe again in his first overseas trip this year, manifesting the great importance China attaches to Europe, Wang said.
In a world of unprecedented transformations, Xi noted that a stable, strategic and reciprocal China-EU relationship is urgently needed.
Wang said during his visit, Xi had in-depth communication with the European leaders to discuss cooperation in internation
al issues and reached important consensus of adhering to multilateralism, and discarding isolationism and unilateral moves.
He also said Xi and the European leaders agreed to enhance coordination and cooperation wit
hin the UN system, give full play to the constructive role of global and regional multilateral mechanisms s
uch as the World Trade Organization, the International Monetary Fund, the World Bank, and Group of 20 and the EU, and
actively contribute to solving international conflicts, combating climate change and promoting sustainable development.
In his keynote speech at the global governance forum, Xi raised “four deficits” in global affairs including governance deficit, tru
st deficit, peace deficit and development deficit. To address these deficits, he proposed a four-pronged approach of fairness and reas
onableness, consultation and understanding, joint efforts and mutual assistance and mutual benefit and win-win results.
inated and inter-connected, and fair and inclusive approach and forge a growth
model of vitality, a cooperation model of openness and win-win results, and a developm