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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He said the European equivalent of the US agency deleg

gates more authority to a manufacturer’s employees when certifying the safety of Airbus.

Elwell said the FAA conducts strict oversight of all manufacturers.

Senator Ed Markey demanded a “yes” or “no” answer from Elwell on whether two safety options that airlines could decline to bu

y should have been mandatory on the Max aircraft. Elwell declined to answer with a single word.

Some airlines chose to purchase the “angle of attack” system display for readi

ngs of two sensors and a “disagree light” to be activated if the sensors produce conflictin

g readings while others did not. Ethiopian Airlines and Lion Air reportedly declined to buy the two add-on safety devices.

Scovel, inspector general of the Transportation Departme

nt, said his office plans to revise its oversight of aircraft development by July.

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Information contained on flight recorders for the Indones

sia and Ethiopian planes has not been released, but analysts say the pilots may not have known h

ow to turn off the anti-stall device after it pointed the nose of the plane down, and that may have been a factor in the crashes.

On Wednesday, Mike Sinnett, Boeing’s vice-president, said he doesn’t see the need to overhaul its development of aircraft. He c

alled the new Max software “more robust” but also said the upgrade does not mean the original design was inadequate.

The upgraded MCAS will be activated by input from two sensors rather than one.

The system’s power will be limited so that the pilot can pull back on

the control column to override the system if the plane’s nose is pointed down.

Sinnett said a new training system for pilots on upgrades to the MCAS has been “provisionally approved”.

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On Sunday, the US sent the Navy’s guided-missile destroy

Curtis Wilbur and Coast Guard’s cutter Bertholf through the Taiwan Straits. On March 13, t

wo US B-52H bombers flew near Chinese islands in the South China Sea for the second time this month.

Wu said China resolutely opposes the “provocative actions” by the

US warplanes, and will continue to take necessary actions to safeguard national sec

urity. “The facts have shown that the US is the one militarizing the South China Sea,” he said.

Regarding the US military’s recent interactions with its Taiwan counterpart, Wu said China resolutely opposes any milit

ary interaction between the two sides, whether it involves arms sales to Taiwan or official military exchanges.

“The Taiwan question is a domestic matter for China, and it is related to China’s core interests and the feelings of the Chi

nese people. It cannot be interfered with by outside forces,” Wu said, adding that the one-China policy is a reco

gnized consensus in international relations, and the political basis for Sino-US relations.

“Any attempt to undermine this principle is no different than trying to shake the foundatio

n of Sino-US ties. This does not fit with the basic interests of either nation, and it is very dangerous,” he said.

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Finance Minister Liu Kun said at a forum on Sunday tha

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.

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Li, who inspired the boom after winning Asia’s first major

?title at the 2011 French Open, warned that increased funding and exposure for the sport does not guarantee Grand Slam champions will follow.

“After the US Open (in August), players don’t need to travel overseas with tournam

ents held at home one after another,” said Li, who is an ambassador for her hometown Wuhan Open in Hubei province.

“However, for the younger players nowadays they are likely to squander the opportuni

ties that we had to fight hard to earn, because everything comes easier and more frequently.

“They have to focus on the game itself rather than the exposure or expectations off

the court to really improve one event at a time and benefit from the momentum.”

When Li turned pro in 1999 China had only two entry-level tournam

ents. Now the Women’s Tennis Association calendar features nine Chinese tourn

aments, including the premier mandatory China Open in Beijing and year-end WTA Finals in Shenzhen.

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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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It is advisable to pursue an innovation-driven, well-coordi

inated and inter-connected, and fair and inclusive approach and forge a growth

model of vitality, a cooperation model of openness and win-win results, and a developm

ent model of balance and common benefits, so that people from across the world could share the benefits of economic globalization, Xi said.

This year marks the 70th anniversary of the founding of the People’s Republic of China, Wang said.

During his visit, Xi, based on China’s just-concluded Two Sessions earlier this month, illu

strated to the European leaders the fine performances of the Chinese economy which had overcome multiple challenges in 2018.

Wang said Xi also introduced the newly-adopted foreign investment law, emphasizi

ng that it is necessary to use legal means to better protect intellectual property rights and attract foreign investment.

Xi pointed out that China will continue to push forward all-round reform and opening-up, promote trade and investment

liberalization and facilitation, so that European friends can better share China’s development opportunities.

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According to the 2018 International Energy Agency re

port, global energy-related carbon dioxide emissions rose by 1.7 percent to 33 gigatonnes last year, the highest level since

2013. Coal use in power generation alone surpassed 10 Gt, accounting for one-third of the total increase.

The fact that most of the increase in coal use comes from coal power plants in developing Asia points to the harsh reality that greenhouse gas emissions are the cost be

ing paid for development. That the majority of coal power plants in Asia are only 12 years old on average, decades short of the

average life span of around 50 years, shows how challenging it is to cut CO2 emissions and maintain economic growth.

That the developing countries obtain help from their developed co

unterparts in both funds and technologies is essential to the fight against global warming.

It is high time that countries appreciated the urgency of this comm

on challenge and how important it is for concerted efforts to cut greenhouse gas emissions.

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After 10 years of development, China’s new energy veh

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.

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