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Lu’s comment followed US Treasury Secretary Steven Mn

nuchin’s comments on Wednesday that he is hopeful that both countries can “go back to the table”.

Lu told a Foreign Ministry news briefing that China has reiterated that it

s door is always open, but negotiations must be meaningful and conducted with sincerity.

“A mutually beneficial deal must be based on mutual respect, equality and win-win outcomes,” he said.

The US, out of political purposes, has used its state power to groundlessly suppress Chinese te

ch firms, which has severely affected the global development and cooperation in science and technology, he said.

It has also damaged the interests of businesses of relevant countri

es and will not win the approval and support of the international society, he added.

“Apparently it will not help create a good atmosphere for the negotiations,” he said.

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ggested necessary reforms of the WTO be made so as to ove

China expressed concern over an unprecedented “existential crisis” confronting the World Trade Orga

nization and has submitted a proposal on WTO reform, according to the Ministry of Commerce on Tuesday.

The proposal was submitted by China’s delegation to the General Council of the WTO in Geneva on Monday.

According to the documents released on the ministry’s website, China said rising unilateralist and protectionist practices cou

ld lead to an “existential crisis” at the WTO and sabotage multilateralism and the free trade system.

The abuse of using national security as an exception, unilateral mea

sures inconsistent with WTO rules, as well as misuse or abuse of existing trade remedy meas

ures have severely damaged the rules-based, free and open international trade order, it said.

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Most Chinese State-owned enterprises are not relevant to tra

ade negotiations. Many are in non-tradable sectors such as property develop

ment, infrastructure, or concrete. Others are basically public utilities in telecoms or power.

Some Chinese car companies are State-owned, usually by provincial govern

ments, but the car business in China is very highly competitive and foreign brands are very successful.

In any case, the continuing growth of an already large private sector should alleviate foreign concerns

about competing with State-owned companies.

During the George W. Bush administration, the US imposed tarif

fs on Chinese steel, arguing that State-owned companies had an unfair advantage. But, US ste

el companies also face higher costs because of increased environmental protection. China’s current emphasis on bu

ilding an “ecological civilization” means that that kind of polluting heavy industry will be less viable.

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the World Trade Organization in 2001. That paved the

way to more than a decade of export-led double-digit economic grow

th, and the ongoing shift from export-led quantitative economic growth to inno

vation-led qualitative development, which has accelerated under President Xi Jinping’s leadership.

China’s industrialization peaked between the late 1990s and 2008, when the

global financial crisis broke out. Now China’s rate of growth is decelerating, which has been

the norm for all industrialized countries from Great Britain in the 19th century to the US in the 20th century.

In China, deceleration is a sign that rebalancing toward consumption and innovation by 2030 is on track.

Nevertheless, the living standard in China continues to improve st

eadily. Today, it is about a third relative to the US. In other words, it has multiplied six tim

es relative to US living standard, thus supporting the rise of the world’s largest emerging middle-income group.

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The kind of view that he expressed is certainly in th

 right direction, and I’m encouraged by all of that,” said Jack Perkowski, a Wall S

treet veteran and founder and managing partner of JFP Holdings in New York.

Perkowski said that when combined with a perceived lack of legal enforc

ement, the issue of protecting IPR has always been the single biggest hurdle for most

companies from the United States when thinking about entering the China market.

He said every aspect of doing business in China has gotten better in the past two decades in the view of international investors.

Perkowski said IPR protection has emerged as a key issue. “China is deve

loping economically and technologically, so the bar is getting higher,” he said.

Savio Chan, CEO of US China Partners Inc, a business development f

irm, said the government’s crackdown on “squatting”-registering a large number of tradem

arks in order to unfairly profit-will improve the environment and help enterprises build brands with real value.

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Leveraging private funds prioritized in BRI projects

China’s financial minister and central bank governor vowed to strengthe

n debt management and leverage more private funds for infrastructure construction un

der the Belt and Road Initiative, suggesting a new framework to assess debt risks for partner countries on Thursday.

The Ministry of Finance published a debt-sustainability analysis framework for the BRI’s participating economies at the start of t

he Second Belt and Road Forum for International Cooperation, a three-day event in Beijing.

Financial institutions of China and other BRI economies are encouraged to use the “nonmandatory” policy t

ool for rating debt risk before making lending decisions. The analysis method is based on in

ternational standards provided by the International Monetary Fund and World Bank, according to the ministry.

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China does not own the Belt and Road Initiative. Nor doe

 it want to. From the start, Beijing has been accentuating the desirabi

lity of voluntary participation, consultations on equal footings, a joint construction proces

s and fair sharing of subsequent dividends.VLADIVOSTOK, Russia – Top leader of the Democratic People’s Rep

ublic of Korea (DPRK) Kim Jong-un arrived in Russia’s Far Eastern city of Vladiv

ostok in his train on Wednesday for the first meeting with Russian President Vladimir Putin on Thursday.

Kim’s armored train stopped at the Khasan railway station

of the territory at 10:30 am local time (0030 GMT) and he was rec

eived by the territory’s governor Oleg Kozhemyako, Russian Minister for the

Development of the Far East and the Arctic Alexander Kozlov, Russian Deputy For

eign Minister Igor Morgulov, and Russian Ambassador to the DPRK Alexander Matsegora.

“I am glad to be on Russian soil,” said Kim, according to the pr

ess release. Kim said that this will not be his last trip to Russia.

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Li said the common interests of China and the EU far out

 outweigh their differences, and expanding their common interests will help narrow those differ

ences. Li spoke at a joint news conference with Tusk and Juncker after the meeting.

The two sides will continue to strengthen synergies between the EU strategy on Connecting Europe and Asia, the EU’s Trans-E

uropean Transport Networks and the China-proposed Belt and Road Initiative, the statement said, adding they welco

me further exchanges in 5G networks and technological cooperation between their business communities.

During the meeting, the EU and China also reaffirmed their commitment to multilaterali

sm. The Chinese and EU leaders also worked on coordinating their positions on regional and internationa

l hot spot issues such as the Iran nuclear issue, the Korean Peninsula nuclear issue and the Venezuela situation.

Foreign Ministry spokesman Lu Kang said on Wednesday that the joint statement reflects the resolve of China and t

he EU to strengthen their unity and coordination at a time that multilateralism is being challenged.

www.trwater.com.cn

It handed over 124 tons of hazardous waste in late 2012 to

 two local farmers who simply buried it and caused severe environmental degra

dation, according to a local court verdict reached in January of 2017. The company w

as fined 1 million yuan ($148,850), and two senior executives were given suspended jail terms.

In July 2017, a local environmental watchdog fined the company 280,000 yuan for va

rious violations including misconduct in hazardous waste management.

Hazardous waste could potentially be radioactive, toxic, highly corrosive or otherwise ha

rmful to people and the environment. Therefore, these materials require special treatment.

At a news conference in late March, Qiu Qiwen, head of the sol

id waste and chemicals management department of the Mini

stry of Ecology and Environment, said that the proper treatment of hazardous waste and other solid

waste is of great significance as it’s fundamental to improving air, water and soil quality.

Qiu’s department was newly established in the ministry’s latest institutional reshuffle in the second h

alf of last year — a move meant to strengthen governance over hazardous waste treatment.

meilita.cn

He is scheduled to meet with European Council Presi

sident Donald Tusk and European Commission President Jean-Claude Juncker on Tuesday at the European Union headquarters in the Belgian capital.

The leaders of the two sides will exchange views on China-EU relations and major international

and regional issues of common concern. A number of agreements are to be signed after that.

This is Li’s fifth time attending the China-EU leaders’ meeting as prem

ier, and his sixth visit to a Central and Eastern European nation to attend the China-CEEC

meeting, with the previous five being in Romania, Serbia, Latvia, Hungary and Bulgaria.

Vice-Foreign Minister Wang Chao, who oversees China’s relations with EU

nations, said at a briefing last week that the EU is a highly integrated regional bloc an

d a vital strategic force in the international community. China and the EU share broad com

mon interests in pragmatic cooperation and have a common stance regarding multilateralism and free trade, he said.

The EU has been China’s biggest trading partner for 15 consecutive years and Chin

a is the regional bloc’s second-largest trading partner after the United States, with bilater

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