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magazine of the Communist Party of China Central Committee. He said more efforts a
re needed to implement the proactive fiscal policy and boost efficiency this year.
Preventing and defusing local governments’ hidden debt risks is key to controlling major risks, he said.
Innovative financial tools will be introduced for debt swaps, and the indebted comp
anies will be allowed to choose the same way, under guidance from the local governments, Liu Shangxi, hea
d of the Chinese Academy of Fiscal Sciences, the Ministry of Finance’s think tank, told China Daily.
“The total amount of hidden debt waiting to be swapped has not yet been calculated, as this
round of debt swaps will not involve the government’s administrative orders, but depends on the ma
rket’s appetite based on the evaluation of the potential default risks and the companies’ solvency,” he said.
skiing training and the number will continue to rise, with expectations of 70,000 enrolled by the end of this year, he added.
He also said Yanqing has built more ski runs over the last two years, based on seasonal features and site conditions.
Some important events and testing activities are expected to be he
ld in Yanqing – for example, the 14th National Winter Games Alpine skiing speed events in 2020.
Zheng, the deputy commissioner, said schools in Yanqing also created some outdoor ice rinks when winter weather cond
itions allowed, while in summer, manmade ice would be a good choice for campuses to open up skating practice.
Yanqing will put more effort into increasing the number of qua
lified winter sports instructors, improving school curriculum and hastening constr
uction of winter sports venues to add more flavor to the upcoming Winter Olympics in China, he said.
Huawei ranking first, according to a report by IPlytics, an authorized patent data company.
Chinese companies topped the list for most 5G Standards-Essential Patents applications in communicat
ion systems by the end of April, accounting for 34 percent of the world’s total, The Paper reported Wednesday, citing the report.
Chinese tech giant Huawei has taken a leading role by owning 15 percent of Stan
dards-Essential Patents, according to the report Who Is Leading the 5G Patent Race?
5G SEPs are patents any company will have to use when implementing standar
dized 5G technology and no one can avoid them, giving them key value among all patents.
Three industrial leaders from China were included in the top 10 list of 5
G SEP family owners, with Huawei taking the crown, and ZET Corp and China Academy of
Telecommunications Technology grabbing fifth and ninth places, respectively.
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.