Month: 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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Elwell defended the agency’s reliance on experts from ma

anufacturers and said the current system had produced an unprecedented safety record i

n the US. He said the FAA was “fully involved” in the certification of the Boeing 737 Max 8, including “133 of the 297 flight tests”.

Senator Richard Blumenthal questioned the FAA’s oversight of the Boeing 737 Max jet, argu

ing that reliance on the manufacturer put “the fox in charge of the henhouse”.

Blumenthal said Boeing rushed to get the 737 Max in the air to compete with Europe’s Airbus and disregarded critical safety features.

“There needs to be rigorous reform so the FAA is put back in charge of safety,” he said. “The

fact is that the FAA decided to do safety on the cheap, which is neither safe nor cheap,” he said.

Senator Jerry Moran asked what it would take for the FAA on its own to certify airc

raft. Elwell said: “Ten thousand additional FAA employees and $1.8 billion” per year.

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Information contained on flight recorders for the Indones

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”.

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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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The European leaders said they are glad to see a greater

 development in China, and the EU welcomes China’s willingness to share its development opportunities.

Chinese enterprises are welcome to invest in European countries, said the European leaders, adding that they will not adopt restrictive measures against specific com

panies, and are willing to provide a fair, open and transparent business environment for all foreign enterprises.

During the visit, Peng Liyuan, Xi’s wife, also attended a number of events aimed at deepeni

ng cultural and educational exchanges between China and the European nations.

As a special envoy of the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the advanceme

nt of girls’ and women’s education, Peng was invited to visit the headquarters of the UNESCO in Paris.

Wang said Peng’s visit highlighted China’s image of a hardworking, responsible maj

or country that actively participates in international education, gender equality and other affairs.

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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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We support the BRI globally because it’s a big project wi

ith so many applications in different parts of industry and the economy, and we want agreements, project by project.”

Raffarin was appointed special envoy on China affairs by French President Emmanuel Mac

ron. He pointed out that it is not pragmatic to have an agreement about every industrial sector, because, as sovereig

n states, both countries need to protect the interests of their own businesses and industries.

“It’s easier to go project by project, and, after some experience, we can add a larger vision,” Raffarin said.

His comments came after Italy signed a BRI memorandum of understanding with China during

Xi’s visit to Rome last week to become the first G7 country to join the global infrastructure plan.

According to China’s Ministry of Commerce, from January to November 2018, China’s direct investment in France reached $330 mil

lion. China’s growing investment in Europe has prompted concerns in the West, which Raffarin thinks are misplaced.

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The Congress members have also demanded that the US adm

inistration put into practice the Taiwan Travel Act and the Asia Reassurance Initiative Act, both passed last year, to fulfill its promise to the Tsai authorities. In their

letter to US President Donald Trump, some Congress members have said the Taiwan Relations Act will help mai

ntain peace, security and stability in the Indo-Pacific region and suppress Beijing’s so-called aggression.

Moreover, to seek the US’ protection and contain Beijing, the Tsai authorities have been hyping up

the island’s strategic value for Washington. But the fact is, the empty promises given by the Congress me

mbers cannot guarantee any safety to the Tsai authorities and, instead, could put them in danger.

Ahead of the 2020 elections on the island, some US Congress members are incitin

g the Tsai authorities to provoke disputes with the mainland by supporting those seeking “Taiwan ind

ependence”. But since any attempt to split Taiwan from the motherland would lead to a conflict, it will be in the interest of neith

er side of the Straits nor the US. Worse, such a conflict would destroy peace and stability in the entire Asia-Pacific region.

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More European countries expected to follow its lead as h

With Italy becoming the first of the Group of Seven industrialized nations to

sign on to the Belt and Road Initiative during President

Xi Jinping’s state visit to the country, the China-proposed connectivity plan might gain more participants, observers said.

Xi and Italian Prime Minister Giuseppe Conte witnessed the signing of the intergovernmental me

morandum of understanding on joint construction of the Belt and Road after they held talks in Rome on Saturday.

The two sides realize the huge potential of the BRI in promoting connectivity, and stand ready to strengthen the alignment of th

e BRI and the European Union’s Trans-European Transport Networks and deepen cooperation in ports, logistics, mar

ine transportation and other areas, according to a joint communique issued by the two countries.

During his talks with Conte, Xi said China’s and Italy’s historical status as nati

ons at either end of the ancient Silk Road made it natural for them to cooperate on building the Belt and Road

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Before the start of the China Cup, Cannavaro said that fans

 and media need to focus on long term development of Chinese soccer instead of what happens at the tournament.

“It’s like building a house-the first job is to build a solid foundation,” he said

“Based on that, we can have success. Compared to Japan and South Korea, their plans started decades ago.

“They are 20 to 25 years ahead of China in terms of their soccer development.”

Another factor was that Cannavaro did not recall China’s best striker, Wu Lei, who is now playing for Espanyol in La Liga.

Other experienced veterans, such as captain Zheng Zhi, were passed over in order to make way for younger players.

Cannavaro said he sought out the opinion of Lippi, who now serves as an adviser, including player selection.

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