hina boosts measures to open economyivers the keyn

China will further open up to foreign investors and offer them treatment equal to that of domestic companies with firm prote

ction of their legitimate rights, Premier Li Keqiang said at the Boao Forum for Asia on Thursday.

The country will fully adopt pre-entry national treatment and negative lists for overseas

investment, Li said at the opening ceremony of the forum’s annual conference in Hainan province.

By the end of June, China will release the amended negative lists for foreign investment ac

cess, he said. “The negative lists will only be shortened. … We will ensure fair competition and common deve

lopment for Chinese and foreign companies with fair supervision,” Li told more than 2,000 participants.

A negative list shows areas where investment is prohibited; all other areas are presumed to be open.

The government has started formulating matching regulations and rules to supp

ort implementation of the Foreign Investment Law, adopted two weeks ago, Li s

aid, adding that supporting regulations will take effect along with the law on Jan 1.

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ation and safety officials Daniel Elwell, Robert

US senators sharply questioned regulatory officials on Wedne

sday about the Federal Aviation Administration’s reliance on Boeing Co’s engineers to cert

ify the safety of the company’s new 737 Max 8 aircraft, which was involved in two fatal crashes in the past five months.

A self-certification procedure called Organization Designation Authorization came under scr

utiny at a hearing of the Senate Commerce Committee’s aviation subcommittee in Washington. Testifying wer

e Daniel Elwell, acting FAA administrator; Robert Sumwalt, chairman of the National Transportation Saf

ety Board; and Calvin Scovel III, Transportation Department inspector general.

For decades, the FAA has delegated some authority for certifying new aircraft to the manufacturers, reducing government costs.

After the crashes of Lion Air in Indonesia in October and Ethiop

ian Airlines this month, which killed a total of 346 passengers and crew members, critics have ci

ted the self-certification process as evidence of an overly cozy relationship between the FAA and the industry.

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Currently, all special purpose local government bonds are

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.

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But some were unmoved and the Northern Irish party cruc

rucial to getting the agreement through said it would reject the deal again.

Britain was supposed to leave the bloc on Friday but Brussels agreed last week to put back the

divorce date until April 12 to give it a chance to resolve a three-year crisis that has split the country down the middle.

However, it still remains uncertain how, when or even whether the United Kingdom, the wo

rld’s fifth-biggest economy, will leave the EU. The possibilities that it will leave with no deal to so

ften the shock to its economy, or delay the departure date to hold a general election, have increased as other options fade.

While May’s deal continued to stumble, an attempt by parliament to take control of the proc

ess by holding a series of indicative votes on other options produced no immediate way through the impasse.

None of the proposals, many of which involved closer alignmen

t with the EU than May envisages, won the support of a majority of lawmakers.

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The government gave itself the option of bringing May’s dea

back to parliament on Friday, although speaker John Bercow repeated his warning that he

would not allow a third vote unless the motion had changed substantially since its last defeat.

May, who voted to remain in the EU in the 2016 referendum, had already promised to step down before the next election, due in 2022.

Her deal, defeated in parliament by 149 votes on March 12 and by 230 votes on Jan 15, mea

ns Britain would leave the EU single market and customs union as well as EU political bodies.

But it requires some EU rules to apply unless ways can be found in the future to ensure no bor

der posts need to be rebuilt between British-ruled Northern Ireland and EU member Ireland.

Many Conservative rebels and the DUP object to this “Irish backstop”, saying it risks binding Britain to the EU for years.

To succeed, May needs at least 75 lawmakers to come over to her side.

After the ERG met, a spokesman said: “There is no way enough votes are

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Five Chinese women are ranked in the world’s top 50, spear

headed by No 18 Wang Qiang, who this week reached the Miami Open quarterfinals to

become the first Chinese to go that far at the premier mandatory event since Li’s run to the final in 2014.

Li is delighted to see her compatriots mixing it with the world’s best, but said she expects more.

“It’s good to have a group of girls in the top 50, but the resources they enjoy today make me believe they could do better,” she said.

With more advanced coaching and training methods, WTA

CEO Steve Simon reckons China will unearth the next Li sooner rather than later.

“The chances of finding the next Li Na are very bright; it’s just a matter of time,” he said earlier this month in Shenzhen.

The return of The Road to Wimbledon, a tailor-made tournament for under-14 players, f

or its fourth year in China is part of the latest effort to deepen the domestic talent pool.

It began on Monday with a weeklong trial camp overseen by Dan Blox

ham, head coach of the All England Club. The best performers will be picked to compete at a nat

ional tournament in Nanjing in May, which will decide China’s representatives at the global final at Wimbledon from Aug 11-17.

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This year marks the 55th anniversary of China-France

diplomatic ties. During their meetings, Xi agreed with French President Emmanuel Macron and Prime Minister Edouard Philippe to f

orge a more solid, stable and vibrant China-France comprehensive strategic partnership, and continue to explore the way for major countries to get al

ong with each other, which should feature independence, mutual understanding, foresight, mutual benefit and win-win outcomes, Wang said.

In the joint statement issued by China and France on jointly safeguarding multilateralism and improving global governa

nce, the two sides pledged to build international relations of mutual respect, equality, justice, and win-win coop

eration on the basis of respecting international laws and the basic principles of international norms, Wang said.

Speaking of Xi’s visit to Monaco, Wang said leaders of the two cou

ntries have agreed to firmly stick to the correct direction of bilateral relations, adhere to open

ness and cooperation, and pursue more win-win results so as to jointly elevate the China-Monaco relations into a new era.

During Xi’s talks with Prince Albert II, head of state of the Prin

cipality of Monaco, the Chinese president said both sides should adhere to openness and cooperation a

nd pursue more win-win results, adding that China welcomes Monaco to actively participate in the joint development of the Belt and Road.

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he introduced measure is to “offer convenience for the pub

and greatly improve our work efficiency”, according to a released statement at a news conference held by the administration on Tuesday.

In the past, the residents in Chinese mainland could only apply for permits in their house

hold registration places with relevant documents, including identification card, hukou and application form.

National Immigration Administration holds a press conference on March 26, 2019.

Under the new measure, the residents will provide the same documents to apply for th

e passports and travel permits in their nearby exit and entry management departments, it said.

With the rapid development of China’s economy and society, a growing

number of people have been living, stuadying and working away from their hometown, and th

ere has been a strong demand for them to apply for the passports or travel permits in different places.

Data provided by the National Immigration Administra

tion show, this year, an estimated 21 million people will apply for passports and travel permits in di

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Livestreaming to vitalize cross-border e-commerce

Zhang Ying, 32, a white-collar worker in Beijing, is a jewelry lover. She prefers watching lives

treaming videos via some cross-border e-commerce platforms to buy foreign products in her spare time.

“Pictorial representations are not exactly the right way to purchase commodities online, I had som

e problems as the products did not match up to the expectations promised on the onlaine platform advertisements.”

Zhang said daigou (overseas shoppers who buy foreign products for customers on the Chinese mainland) can dem

onstrate details of products like jewelry in accordance with what the buyer wants through the livestreaming method.

“I can take a good look at the design, material, color, size and even every angle of the jewelry. It feels like that I can pick out the

products on my own. After comparing various necklaces and bracelets, I can decide which one fits me the best.”

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As if that was not enough of a provocation, Christensen

 said the first consultation will be held in September when a US delegation, led by a senior official fr

om the State Department’s Bureau of Democracy, Human Rights and Labor, is expected to visit Taipei.

The US has been using one pretext or the other to provoke Beijing and violate the 1979 Joint Commun

iqué. But for the sake of Sino-US relations and regional peace, Washington should realize that instead of gain

ing anything, it would suffer huge economic and political damage by interfering in China’s internal affairs.

Xi’s message of peace and reunification

Delivering a speech to mark the 40th anniversary of the Message to Taiwan Compatri

ots on Jan 2, President Xi Jinping said that, on the basis of the common political foundation of uph

olding the 1992 Consensus and opposing “Taiwan independence”, political parties and people across all sectio

ns of society on both sides of the Straits can recommend their representatives to hold in-depth dem

ocratic consultations and establish institutional arrangements for peaceful development of cross-Straits relations.

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