hina and the United States will hold their eighth round of high-level economic and trade cons

ultations in Beijing on Friday, with “much work” remaining to be done, the Ministry of Commerce said.

Ministry spokesman Gao Feng said on Thursday that the two nations have made some progre

ss through recent phone discussions between Vice-Premier Liu He and US Trade Representative Robert Ligh

thizer and Treasury Secretary Steven Mnuchin. “But there remains much work to be done,” he said.

To iron out differences over certain economic and trade issues, China and the US have b

een intensifying their consultations. Next week, Liu will visit Washington for the ninth round of talks.

Negotiators from both sides are striving to implement consensuses reached betw

een the countries’ leaders in December, Gao said at a regular news conference.

www.improvecfan.cn

king with industry to meet shared safety goals,” he said. “FAA now delegates more of its aircr

aft certification to approved manufacturers through its congressionally authorized Organization Desig

nation Authorization program or ODA. However, my office has identified weaknesses with FAA oversight of ODA.”

Senators questioned the safety of Boeing’s anti-stall system, called the Maneuvering Characteristics Augmentation System.

The system was installed because Max jets have bigger engines mounted closer to the nose of the plane than older Boeing 737s, changing the plane’s aerodynamics.

If the nose rises, threatening a stall, the MACS system automatically points the nose of the plane down to gain speed. The sys

tem can be shut off by flipping a switch on the throttle console between the pilot and co-pilot.

The “angle of attack” sensor built into the Max aircraft measures the amount of lift generat

ed by the wings. The device warns pilots when there is too little lift, potentially stalling the plane

huawaii.cn

Editor’s Note: President Xi Jinping visited Italy, Monaco and F

rance from March 21 to 26. Why is the visit important for China-European Union rela

tions? Two experts share their views on the issue with China Daily’s Pan Yixuan. Excerpts follow:

Visit sets positive tones for China-EU relations

Xi’s visit to the three European countries has yielded substantial fruits of cooperation, the most significant being the

signing of a memorandum of understanding between China and Italy paving the way for Italy to participate in th

e China-proposed Belt and Road Initiative to promote mutual development.

The cooperation deals in fields such as trade and infrastructure that Italy has signed with

China will help the Italian government to boost the country’s economic recovery. For instance, the exp

ort of Sicily’s red oranges to China by air will be a small but important step toward boosting bilateral trade.

www.7893391.cn

nts in Sichuan, Shaanxi and Shandong provinces as well as Beijing will eventually be able to sell bonds at count

ers in commercial banks directly to retail investors, and the practice will be expanded nationwide after an additional period of time.

The ministry said individuals do not need to pay taxes on the bonds’ interest income, and this policy is likely to attract more investors.

Selling local government bonds to retail investors should facilitate liquidity

in the secondary market, improve the market-oriented bond pricing mechanism and pu

sh issuers to enhance the quality of information disclosure, said Amanda Du, a Moody’s vice-president and senior analyst.

“Higher coupon rates compared with treasury bonds, and the tax exemption on the interest income, make

local government bonds more attractive for retail investors,” she said. “The fast takeup by retail investors also indicates that the

bonds have won high recognition among individual buyers, supported by the local governments’ high credit ratings.”

www.qiuLuhuang.cn

t the government plans to accelerate local government bond issuance this year. “We are tryi

ng to complete the issuance of the new bond quota of 3.08 trillion yuan by the end of September.”

“We will urge local governments to inject funds into projects quickl

y in order to stabilize investment and expand domestic demand,” said Liu.

In the first two months, issued local government bonds totaled at 782.1 billion yuan. Among this, 326.1 bil

lion yuan was raised through special purpose bonds, a type just like United States municipal bonds, the ministry said.

hina will further facilitate foreign enterprises’ venture ca

pital investments in Chinese companies, said Premier Li Keqiang at the Boao Forum for Asia on Thursday.

The country will also improve the regulations on foreign investors’ strategic invest

ment in mainland-listed companies as well as on their mergers and acquisitions with domestic enterprises.

www.ezgpui191.cn

ons has voted against remaining in the EU and every version of leaving the EU,” tweeted James Cleverly, the Conservative Party’s deputy chairman.

Nevertheless, some proposals fared better than May’s deal had done two weeks ago, and parlia

ment was due to hold more indicative votes on Monday after refining the options most likely to secure a majority.

Many Conservative eurosceptics had made clear they would only c

onsider supporting May’s deal if she gave a firm commitment to resign, hoping a new leader

would be more sympathetic to their views when negotiating the terms of Britain’s future relationship with the EU.

“I have heard very clearly the mood of the parliamentary party,” May told a meeting of Conservative lawmakers (MPs).

“I know there is a desire for a new approach – and new lead

ership – in the second phase of the Brexit negotiations – and I won’t stand in the way of that.”

But within hours of May’s offer, the Democratic Unionist Party, which props up her minority gov

ernment, said it would vote against the deal if May brought it back a third time.

chuangxiangjie.cn

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.

www.headun.cn

 development in China, and the EU welcomes China’s willingness to share its development opportunities.

Chinese enterprises are welcome to invest in European countries, said the European leaders, adding that they will not adopt restrictive measures against specific com

panies, and are willing to provide a fair, open and transparent business environment for all foreign enterprises.

During the visit, Peng Liyuan, Xi’s wife, also attended a number of events aimed at deepeni

ng cultural and educational exchanges between China and the European nations.

As a special envoy of the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the advanceme

nt of girls’ and women’s education, Peng was invited to visit the headquarters of the UNESCO in Paris.

Wang said Peng’s visit highlighted China’s image of a hardworking, responsible maj

or country that actively participates in international education, gender equality and other affairs.

www.shlftv.com

ddress climate change, the loss of biodiversity and environmental

protection in a joint statement issued on Tues

day, after visiting President Xi Jinping met with his French counterpart Emmanuel Macron.

The two countries stressed that public and private funds should be directed to invest more to fight climate change and for biodiv

ersity protection, and there should be sustained financial support for the climate change actions of developing countries.

What is frustrating is the fact that solar and wind generation grew at double-digit pace in 2018, with solar alone increasing by 31 p

ercent, but that was still not fast enough to meet the higher electricity demand around the world that has driven up coal use.

China remains the leader in both solar- and wind-generated energy followed by Europe and the Uni

ted States. But despite being on course to meet its Paris climate pledge to peak its greenhouse gas emissions by 2030, sourcing 20 percent of it

s energy needs from renewables and nuclear power by that date is a tougher challenge for China. However, the addit

ional benefits of energy security and reduced pollution provide extra incentives for resolute efforts to achieve this goal.

shlf17.com

cles are starting to gain momentum in the private market. With the overall vehicle market remaini

ng flat, sales of new energy vehicles last year reached 1.25 million, up 61.7 percent year-on-year, and

the figure is expected to reach 1.6 million this year according to the China Association of Automobile Manufacturers.

China plans to stop subsidies on new energy cars by the end of 2020. To ensure a smooth transi

tion, the government decides to achieve this goal by enacting policy in several phases. This year’s subs

idy standard was slashed 50 percent on average from 2018, Xinhua reported, citing a person with knowledge of the matter.

The source said the proportion cut is basically consistent with falling ratios of general cost for co

mplete vehicles, while pointing out with the rapid expansion of the NEV industry some enterprises tend

ed to become reliant on long-standing subsidies, leading to weak competitiveness.

The statement also asked local governments to remove subsidies on purchases o

f new energy cars after a three-month grace period starting Tuesday. Instead, more funds will be used

to build infrastructure, including charging and hydrogen refueling facilities, and to facilitate relevant services.

shlfat.com