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ch and field development resources to expand in the Chinese market over the coming years, he said.
Ministry of Commerce spokesman Gao Feng said last month that the two countries’ negotiating teams are hashing out the text of a deal, including an enforcem
ent mechanism, based on mutual respect and benefit. Both countries, the world’s two biggest ec
onomies, have been intensifying their consultations and aiming to break the deadlock in a timely manner.
In the ninth round of trade consultations, negotiators discussed tec
hnology transfers, protection of intellectual property rights, non-tariff measures, the s
ervice sector, agriculture, trade imbalances and enforcement mechanisms.
Trade between China and the US amounted to 815.86 billion yuan ($121.7 billion) in t
he first quarter of the year, an 11 percent year-on-year decline, according to the General Administration of Cus
toms. In March, Sino-US trade climbed 0.1 percent to 291.35 billion yuan, according to the administration.
The city of Shanghai has become the first local government to answer the call of the central gove
rnment to promote automobile consumption by providing subsidies, since 10 mi
nistries and commissions of the country released six major methods of promoting car sales in January.
The official WeChat account of the Shanghai Municipal Government announced yesterday it will launch a car trade-i
n program, encouraging car owners to trade in their vehicles for new gas-powered cars complying with State-VI emi
ssions standards or new energy vehicles, according to a report by the 21st Century Business Herald.
The government will provide a subsidy of 10,000 yuan ($1,489) for a trade-in gas-powered
vehicle and 15,000 yuan for a trade-in new energy vehicle, the announcement said.
China’s automobile market saw a sales decline in 2018 for the first time
in 28 years, with passenger vehicle sales slumping for 10 consecutive months from last y
ear to March, according to the China Passenger Car Association. As the central government halved subsidies for new energy
vehicles this year, the promotion of car consumption depends more on local governments and enterprises.
ard the bilateral collaboration and joint research on protection and conservation of endangered species of wildlife and biodiversity,” he said.
Erica Kohler, director of operations of the San Diego Zoo, told Xinhua it
is sad to see the two pandas leaving for China. However, it is also a time to celebrate the successful coll
aboration with China on the joint research of panda breeding and wild life protection.
Dubbing the pandas “the friendship ambassadors” from China, she said Bai Yun and Xiao Liwu attracted about 2 million visitors to the zoo each year.
As the first panda on loan, Bai Yun, arrived at the San Diego Zoo in 1996. The cuddly panda soon became an iconic imag
e of the zoo and one of the most popular animals. The name of her son, Xiao Liwu, means Little Gift in English.
Gaylene Thomas, animal care supervisor of the San Diego Zoo, told Xi
nhua that they learned a lot from the giant pandas and gathered data from them.
Thomas said as a great mother of six baby pandas, Bai Yun has a very good character, is very easy-going.
domestically rated “AAA”, the safest level. The sale to individual investors is mainly of project-link
ed special-purpose bonds, a type of local government bond vigorously promoted by the government in re
cent years. The cash flows generated from the underlying projects will be used as the primary repayment sources.
In China, there are two types of local government bonds: general bonds and special purpose bonds. According to the country’s 2019 budget repor
t, which was approved by the top legislature earlier this month, the budgeted deficit for local governments is 930 billion yuan, up 100 billi
on yuan compared with 2018, and this fund gap will be supplemented by general bonds.
In the meantime, 2.15 trillion yuan of special purpose bonds will be issued to support la
rge infrastructure projects, such as shantytown renovation projects and railways, said the ministry.
Letting individual buyers invest in local government bonds is a way to narrow the government’s financin
g gap, said Hu Yijian, a tax professor at Shanghai University of Finance and Economics. The gap is expected to expand, as policym
akers decided to cut about 2 trillion yuan in taxes and fees this year while at the same time increase spending on investment.
the compulsory hijab were defiant. “By creating fear and putting people in prison or forcing th
em to leave the country and live in exile, or threatening them, they cannot stop the compulsory hijab
protest in Iran,” New York-based Iranian activist Masih Alinejad, who has previously been represented by Sotoudeh, told CNN.
In January, Sotoudeh’s husband, who is also a human rights lawyer, was convicted of security-related charges and sent
nced to six years in jail. He has appealed while waiting to serve his prison sentence.The inventor of the world
wide web has called for global efforts to tackle state-sponsored hacking, criminal behavior and abusive language on t
he internet, in an open letter marking the 30th anniversary of the revolutionary technology.
Tim Berners-Lee acknowledged that “many people feel afraid and unsure if the we
b is really a force for good,” in a letter published for his World Wide Web Foundation on Monday.
”While the web has created opportunity, given marginalize
d groups a voice, and made our daily lives easier, it has also created opportunity for scam
mers, given a voice to those who spread hatred, and made all kinds of crime easier to commit,” the letter added.
Developing countries are in need of investment, and in the past five years through Belt and Road Initiative, China has helped many developing economies in i
nfrastructure construction and production capacity cooperation, said Qian Keming, vice-minister of commerce.
The Belt and Road Initiative does not increase the debt pressure of countries involved, and
as a matter of fact it helps the related economies get more investment they need, Qian said.The Min
istry of Commerce said on Saturday it noticed some countries have tightened the security review of foreign investment in r
ecent years, which may obstruct the investment activities of Chinese companies in the overseas markets.
“We are closely watching this issue and seeing how it develops,” Qian Keming, vice-minister of commerce, told at a pre
ss conference from the sidelines of the two sessions. “We are firmly against protectionism in any form, and do not wa
nt to see the abuse of security review as a way to obstruct the normal investment activities.”
“We are willing to work with relevant countries, creating an open and transpa
rent business environment and making the world economy an open one,” Qian added.