Archive March 2019

The country will further open up its financial sector and

accelerate the process to fully lower the market access threshold for foreign investments in

banking, securities and insurance, the premier said. Service sectors, including medical care and educ

ation, will be opened up along with transportation, infrastructure and energy, he said.

Li said China will further make it easier for foreign companies to set up a venture capital presence and will improve regulati

ons on foreign investors’ strategic investments in listed companies and their mergers with and acquisitions of domestic enterprises.

Also, preferential policies for investments from Hong Kong, Macao and Taiwan w

ill remain unchanged, and greater development opportunities will be offered for them, Li said.

Wang Huiyao, president of the Center for China and Globalizaton, said he was impressed by Li’s speech to cl

ean up rules and regulations inconsistent with the Foreign Investment Law as well as to launch a more streamlined negative list.

“It shows China’s attitude of further opening-up, which is a higher-level and more concrete commitment of China,” he said.

Leif Johansson, chairman of global biopharmaceutical giant AstraZeneca, said

Li’s speech reflects the determination to create a more open, fair and transpare

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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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Over the years, FAA has increasingly shifted toward wor

king with industry to meet shared safety goals,” he said. “FAA now delegates more of its aircr

aft certification to approved manufacturers through its congressionally authorized Organization Desig

nation Authorization program or ODA. However, my office has identified weaknesses with FAA oversight of ODA.”

Senators questioned the safety of Boeing’s anti-stall system, called the Maneuvering Characteristics Augmentation System.

The system was installed because Max jets have bigger engines mounted closer to the nose of the plane than older Boeing 737s, changing the plane’s aerodynamics.

If the nose rises, threatening a stall, the MACS system automatically points the nose of the plane down to gain speed. The sys

tem can be shut off by flipping a switch on the throttle console between the pilot and co-pilot.

The “angle of attack” sensor built into the Max aircraft measures the amount of lift generat

ed by the wings. The device warns pilots when there is too little lift, potentially stalling the plane

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Senior Colonel Zhou Bo, director of the Center for Secur

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.”

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Finance Minister Liu Kun said at a forum on Sunday tha

t the government plans to accelerate local government bond issuance this year. “We are tryi

ng to complete the issuance of the new bond quota of 3.08 trillion yuan by the end of September.”

“We will urge local governments to inject funds into projects quickl

y in order to stabilize investment and expand domestic demand,” said Liu.

In the first two months, issued local government bonds totaled at 782.1 billion yuan. Among this, 326.1 bil

lion yuan was raised through special purpose bonds, a type just like United States municipal bonds, the ministry said.

hina will further facilitate foreign enterprises’ venture ca

pital investments in Chinese companies, said Premier Li Keqiang at the Boao Forum for Asia on Thursday.

The country will also improve the regulations on foreign investors’ strategic invest

ment in mainland-listed companies as well as on their mergers and acquisitions with domestic enterprises.

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While May was addressing her lawmakers, MPs in the mai

n chamber debated eight other Brexit options, ranging from leaving abruptly with no deal to revoking the divorce altogether.

While there was no majority support for any, the option calling for a referendum on any depa

rture deal, and another suggesting a UK-wide customs union with the EU, won more votes than May’s deal did two weeks ago.

Oliver Letwin, a Conservative former cabinet minister who led parliament’s unusual power grab, said it ha

d been expected that none would immediately win a majority, and lawmakers would have another chance on Monday.

The uncertainty around Britain’s most significant political and economic change since W

orld War II has left allies and investors aghast. Sterling dipped after Wednesday’s events.

If May’s deal were to pass, her office said there would be a contest to replace her after May 22, when Britain would leave the EU.

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Dinosaur-era bird fossil found with unlaid egg dating back abo

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.

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This year marks the 55th anniversary of China-France

diplomatic ties. During their meetings, Xi agreed with French President Emmanuel Macron and Prime Minister Edouard Philippe to f

orge a more solid, stable and vibrant China-France comprehensive strategic partnership, and continue to explore the way for major countries to get al

ong with each other, which should feature independence, mutual understanding, foresight, mutual benefit and win-win outcomes, Wang said.

In the joint statement issued by China and France on jointly safeguarding multilateralism and improving global governa

nce, the two sides pledged to build international relations of mutual respect, equality, justice, and win-win coop

eration on the basis of respecting international laws and the basic principles of international norms, Wang said.

Speaking of Xi’s visit to Monaco, Wang said leaders of the two cou

ntries have agreed to firmly stick to the correct direction of bilateral relations, adhere to open

ness and cooperation, and pursue more win-win results so as to jointly elevate the China-Monaco relations into a new era.

During Xi’s talks with Prince Albert II, head of state of the Prin

cipality of Monaco, the Chinese president said both sides should adhere to openness and cooperation a

nd pursue more win-win results, adding that China welcomes Monaco to actively participate in the joint development of the Belt and Road.

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Following his visits to Spain and Portugal in late 2018, Xi

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.

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It is advisable to pursue an innovation-driven, well-coordi

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

ent model of balance and common benefits, so that people from across the world could share the benefits of economic globalization, Xi said.

This year marks the 70th anniversary of the founding of the People’s Republic of China, Wang said.

During his visit, Xi, based on China’s just-concluded Two Sessions earlier this month, illu

strated to the European leaders the fine performances of the Chinese economy which had overcome multiple challenges in 2018.

Wang said Xi also introduced the newly-adopted foreign investment law, emphasizi

ng that it is necessary to use legal means to better protect intellectual property rights and attract foreign investment.

Xi pointed out that China will continue to push forward all-round reform and opening-up, promote trade and investment

liberalization and facilitation, so that European friends can better share China’s development opportunities.

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