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Sichuan-Tibet Railway to see high-speed trains at 200 kmh

he Sichuan-Tibet Railway, the second railway line linking the Tibet autonomous region to other parts of China, will opera

te high-speed trains with a designed running speed of 200 kilometers per hour, thecover.cn reported.

China Railway Eryuan Engineering Group Co Ltd, which is designing the line, revealed a draft plan on Wednesday that tra

ins on the whole Sichuan-Tibet line will travel with a designated speed of 200 km/h, with some segments limited to 160 km/h.

The 1,600-kilometer-long line under construction is designed to start from Chengdu, pass through Ya’an and Kan

gding, then enter Tibet via Qamdo and end at Lhasa. The 140-kilometer Chengdu-Ya’an high-speed railway, whic

h serves part of the Sichuan-Tibet Railway, started operation last year with a maximum speed of 200 km/h.

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Wang stressed if one side is trying to place extreme press

extreme pressure on the other, it will cause a legitimate counterattack.

“The measures from us are not only to safeguard China’s own rights, b

ut to protect the basic rules of the current multilateral trading mechanism,” Wang said.

Wang made the remark in a joint news conference with his Russian

counterpart Sergei Lavrov during his visit to the Black Sea coastal city of Sochi.

Experts warned that the rising US tariffs on Chinese imports risks a full-blown trade war, which will bring harm to both sides.

Major Wall Street stock indexes declined more than 2 percent on Monday, followi

ng China’s announcement of countermeasures in response to Washington’s latest tariff move.

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Disaster-proofing the world’s largest infrastructure ini

nitiative is a challenge, but achievable,” she said, adding that at the heart of this challenge lies great potenti

al for innovation and creativity, such as new disaster risk prediction and analysis, and disaster-resilient infrastructures.

Huang Runqiu, vice-minister of the Ministry of Ecology and Environment, said dis

aster risk reduction of natural hazards along the initiative is crucial for its success and sustainability.

Regions at the heart of the initiative, such as the Tianshan-Pamir Platea

u, the Himalayas, eastern parts of the Qinghai-Tibet Plateau and South Asia, are facing serio

us disaster threats due to tectonic movements, fragile ecosystems and extreme weather, he said.

Henrik Slotte, a senior disaster management expert from the UN Environm

ent Program, said poorly managed infrastructure projects can damage the ecosystem.

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While early-stage Uber investors such as Benchmark, Men

 Ventures, First Round Capital and Lowercase Capital made a killing in the IPO, some late-stage backers did not fare as well.

Japan’s SoftBank Group Corp <9984.T >, for example, invested in Uber in early 2018 at $48.

77 per share. It also bought shares at a much lower price in a large secondary transaction.

To be sure, other IPOs have traded well so far in 2019, including online scrapbook company Pinterest Inc, vegan burger

maker Beyond Meat Inc and video-conferencing startup Zoom Video Communications Inc. But these were mu

ch smaller startups than Uber that did not execute as many frothy fundraising rounds.

Uber Chief Executive Dara Khosrowshahi, who was on the NYSE trading floor to mark the debut, tried to cal

m investors by pointing to the company’s growth prospects and expansion plans.

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Firefighter and ambulances have arrived at the scene for

It was reported that the fire could be caused by lightening strike.

Moscow’s transport prosecution office is investigating into the incident and it will check i

f there were violations of the flight safety legislation, according to Sputnik news agency.

Sarah Daley, a student at the University of Virginia, has deep connectio

ns with China. She spent the summer of 2018 teach

ing English in Hebei province and has a younger sister who was adopted from China in 2009. Both experiences left

her with positive impressions of Chinese people and long-lasting friendships.

Those connections led to Daley being honored by the Chinese embassy

in the United States during an award ceremony in Washington on Saturday, after she sha

red her stories with the world through an event hosted by the embassy and China Daily.

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The development model of “killing the hens to get the

eggs” and “draining the lake to get the fish” has reached a dead end, Xi said.

“We should protect the ecological environment as we pro

tect our own eyes, and treat the environment as we treat our own lives,” he said.

The president, who has advocated building a community with a shared future

for mankind, also brings an international perspective to environmental protection.

“In the face of environmental challenges, all countries are in a community with inter

linked destinies, and no country is immune,” Xi said at the opening ceremony.

The exhibition attracted more than 110 countries and internati

onal organizations, as well as more than 120 unofficial exhibitors.

About 10 heads of state and prime ministers attended the opening ceremony.

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“It is the predictability, transparency and nondiscr

rimination bent of the law which, in my view, will lead to a significan

t inward flow of foreign capital in key services and advanced manufacturing sectors,” he said.

Overholt said “the list of issues that President Xi has addr

essed are the issues that the business community is concerned about”.

“It is excellent that President Xi recognized some problems,” especially those associated with its Belt and Road Ini

tiative, such as transparency and corruption, said Craig Allen, president of the US-China Business Council.

Experts also were interested in how the reform policies and laws would be implemented, something Xi addressed in his speech.

“People are very positive about the direction, but they need t

o know the details” of how the promises would be delivered, Overholt said.

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It is welcome news to hear that the National People’s

Congress has already taken steps to lay the groundwork” for implementing the new Fo

reign Investment Law, said Gupta, who brought up the possibility of China establishing “an ombudsperson’s desk” in

related government agencies to address foreign businesses’ legal concerns.

Gupta said China’s Foreign Investment Law could be a model for others looking to liberalize their foreign investment regi

mes, as China’s BRI is already delivering capital and know-how to other developing countries.

Overholt said that China’s past opening-up has been “extremely positive” gl

obally, and the BRI is a “very positive” vision that is good for China and the world.

“The key will be the implementation,” he said. “If the implementation is improved, it would be good for everyone.”

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Jon Taylor, a professor of political science at the Uni

versity of St. Thomas in Houston, Texas, in the United States, said Xi

wants to convey a specific message: that China sees the BRI as a method by which it can make

a substantial and permanent contribution to lasting peace, common security and global prosperity.

“While some Westerners may scoff at the impact they think the BRI m

ay have on these issues, Xi genuinely sees the BRI as a global development project and will cont

inue to wholeheartedly put China’s money, resources and energies into this project,” he said.

Chen Weihua in Brussels, Bo Leung in London, Zhao Huanxin in Washington, Edith Muteth

ya in Nairobi and Chen Yingqun in Beijing contributed to this story.The profits of China’s major indu

strial firms surged by 13.9 percent in March, a drastic rebound compared to the 14-percent decline in January-Febru

ary period, official data from the National Bureau of Statistics (NBS) showed Saturday.

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ent Xi Jinping speaks at the opening ceremony of the

hina will increase imports of goods and services on a larger scale. China will further lower its tariff rates.

China not to adopt beggar-thy-neighbor currency devaluation

China will continue to improve the exchange rate formation mechanism of its curren

cy, the renminbi, and keep the exchange rate generally stable on a reasonable and balanced level.

China establishes mechanism for fulfilling international agreements

China attaches great importance to the establishment of a constrain

t mechanism for the fulfillment and implementation of international agreements, and the modi

fication and improvement of laws and regulations in accordance with the need of further opening-up.

Fair treatment to Chinese enterprises, students, scholars abroad called for

All countries should create a sound investment environment, and treat Chinese e

nterprises, students and scholars abroad as equals. All countries should provide a fair and friendly envir

onment for them to carry out normal international exchanges and cooperation.

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