Archive March 2019

Cooperation is the best choice for China and the US,” Ga

 said. “This is not only beneficial to the two countries and their peoples, but also conducive to the entire world.”

The words came as the US Department of Commerce reported that the US trade deficit with China narrowed by 6.4 perce

nt to $34.5 billion in January. US goods exports to China dropped 22.3 percent to $7.1 billion, the lowest since Sep

tember 2010, and Chinese imports dropped 9.6 percent to $41.6 billion, the Commerce Department said.

The trade imbalance has been at the center of monthslong tensions between China and the US. Other iss

ues at the top of the list for their consultations include technology transfers and protection of intellectual property rights.

Gao said guaranteeing that companies can pursue technical cooperation based on voluntary principles and business rules is cond

ucive to creating a fair and competitive business environment and promoting high-quality economic development.

“It is in line with China’s need to further deepen reform and opening up,” he said.

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According to the Ministry of Finance, local government

nts in Sichuan, Shaanxi and Shandong provinces as well as Beijing will eventually be able to sell bonds at count

ers in commercial banks directly to retail investors, and the practice will be expanded nationwide after an additional period of time.

The ministry said individuals do not need to pay taxes on the bonds’ interest income, and this policy is likely to attract more investors.

Selling local government bonds to retail investors should facilitate liquidity

in the secondary market, improve the market-oriented bond pricing mechanism and pu

sh issuers to enhance the quality of information disclosure, said Amanda Du, a Moody’s vice-president and senior analyst.

“Higher coupon rates compared with treasury bonds, and the tax exemption on the interest income, make

local government bonds more attractive for retail investors,” she said. “The fast takeup by retail investors also indicates that the

bonds have won high recognition among individual buyers, supported by the local governments’ high credit ratings.”

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ao poses with a dog at her brick-and-mortar store in Chen

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 improveqipao 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.

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Chinese President Xi Jinping’s first overseas visit in 2019

  levated China’s ties with Italy, Monaco and France to a new level, and injected new impetus into China-Europe compreh

ensive strategic partnership, Chinese State Councilor and Foreign Minister Wang Yi has said.

  When the world is undergoing profound changes unseen in a century, Xi’s Europe tour, hailed b

y the international community, is dedicated to deepening partnership for cooperation, improving global governance, and uphol

ding multilateralism, which shows China’s sense of responsibility as a major country, Wang said.

  In six days, the Chinese president attended over 40 events during his visit to five cities including Rome, Palermo, Monaco, Nice a

nd Paris, Wang noted, adding that it is a trip of friendship, cooperation and exploration that has delivered fruitful results.

  FRIENDSHIP & MUTUAL BENEFIT

  This year marks the 15th anniversary of the China-Italy comprehensive strategic

partnership, and next year will witness the 50th anniversary of China-Italy diplomatic relations.

  At meetings with Italian President Sergio Mattarella and Prime Minister Giuseppe Conte, Xi agreed with them to further i

ntensify high-level exchanges, consolidate political mutual trust, and elevate bilateral relations, Wang said.

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According to the 2018 International Energy Agency re

port, global energy-related carbon dioxide emissions rose by 1.7 percent to 33 gigatonnes last year, the highest level since

2013. Coal use in power generation alone surpassed 10 Gt, accounting for one-third of the total increase.

The fact that most of the increase in coal use comes from coal power plants in developing Asia points to the harsh reality that greenhouse gas emissions are the cost be

ing paid for development. That the majority of coal power plants in Asia are only 12 years old on average, decades short of the

average life span of around 50 years, shows how challenging it is to cut CO2 emissions and maintain economic growth.

That the developing countries obtain help from their developed co

unterparts in both funds and technologies is essential to the fight against global warming.

It is high time that countries appreciated the urgency of this comm

on challenge and how important it is for concerted efforts to cut greenhouse gas emissions.

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Ceremony held to mourn E China blast victims victims in Yanch

A memorial service was held on Wednesday for victims who died in a chemical plan

t explosion seven days prior in Xiangshui township, Yancheng city, East China’s Jiangsu province.

More than 200 officials, police officers, firefighters, bereaved families and volunteers attended the serv

ice at 7:30 am. The cars at the site honked their horns and attendees presented flowers to pay tribute to the victims.

To date, the deadly explosion of Jiangsu Tianjiayi Chemical Co in Yancheng’s Xiangshui county has claimed 78 lives.

According to Chinese tradition, the seventh day after a death marks the height of the mourning period.

subsidies continue gradual phase-out

China will whittle down subsidies on new energy vehicles as the industry develops and cost drops, aiming to boost high-quality development in the NEV sector.

The newest measure will lower subsidy standards for new energy passenger cars, buses and t

rucks, taking factors such as industry growth, cost reduction and subsidy phase-out policies into consideration, the

Ministry of Finance said in a joint statement Tuesday, adding the move was set to bring more competition in the industry.

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Meanwhile, 15.6 percent suffered cyber bullying and

percent encountered illegal or bad information, the report said. And 69.1 percent

know how to protect their rights and interests through the internet and report infringements.

According to the report, 91.9 percent learn relative legal knowledge through offline means, and 72.3 percent learn legal knowledge through the internet.

The report suggests that the regulations on protecting minor netizens should be legislated as soon

as possible. Authorities should enhance content supervision and industry management, regulating ente

rprises to shoulder social responsibly, promote education on the internet among minors and crack down on infringement.

Chinese e-commerce giant JD is starting to cultivate key opinion leaders (KOLs) to build u

p its strength in the field of e-commerce, according to a report by technology media 36kr.

At its JD Shopping Circle, a mini program for WeChat providing a platform for users to post reviews on products and share experiences, JD la

unched a “Super Partner Program”, aiming to incubate online celebrities in the e-commerce sector to take a share of the fan economy.

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lawmakers seize Brexit agenda in bid to break deadlock

LONDON – British lawmakers seized a measure of control over the

stalled Brexit process from Prime Minister Theresa May‘s foundering governmeng up a seri

es of votes that could dramatically alter the course of the UK’s departure from the European Union.

The move came after May conceded that Parliament would defeat her twice-rejected divorce deal with the EU again if she put it to a third vote.

With Brexit delayed and the new departure date up in the air, the House of Commons v

oted to give itself temporary control of the parliamentary timetable starting on Wednesday so lawmakers can vote o

n alternatives to May’s withdrawal deal. The government usually controls the scheduling of votes in Parliament.

Lawmakers who backed Monday’s motion, which passed 329-302, hope the planned “indic

ative votes” will narrow the options down to one that can secure majority support. Possible options inclu

de a “soft Brexit” that maintains close economic ties with the EU or scrapping Britain’s departure altogether.

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Three government ministers quit their posts so they could

back the motion. Richard Harrington, who resigned as a junior business minister, accused the government of “playing roulette with the lives and liveli

hoods of the vast majority of people in this country” by failing to resolve Britain’s Brexit impasse.

The government said it was disappointed by the vote, claiming it “upends the balance

between our democratic institutions and sets a dangerous, unpredictable precedent for the future.”

But it also conceded that the new votes might be a way to break the months-long Brexit gridlock. May said she would “engage

constructively” with the results of the process, though sahe said she was skeptical that it would produce a decisive result.

The move raises the chances that Britain will tack toward a softer Brexit, and is likely to be welcomed by th

e EU. Guy Verhofstadt, the European Parliament’s Brexit coordinator, tweet that it was an “opportunity to build a cross-party coope

ration leading to an enhanced political declaration & a closer future relationship!”Earlier in the day, May ack

nowledged, “with great regret,” that her deal still lacked “sufficient support” to be approved as of Monday.

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She said she hoped to hold a third vote on the agreement l

later this week and was working to build support for the deal, which sets out the terms of withdrawing from the EU and the outline of future relations with the bloc.

May warned opponents that continuing to reject the deal could lead to a “slow Brexit” that postpones the country’s departure indefinitely.

With the March 29 Brexit day set almost two years ago days away and the withdr

awaal agreement lacking Parliament’s approval, European leaders agreed to a postponement last week to avoid a ch

aotic cliff-edge departure that would be disruptive for the world’s biggest trading bloc and deeply damaging for Britain.

However, the EU granted a shorter delay than May sought. It said if Parliament approves

the proposed divorce deal, the UK would leave the EU on May 22. If not, the government has until April 12 to tell the

27 remaining EU countries what it plans to do – leave without a deal, cancel Brexit or chart a path to a new option.

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