rch 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 t
wo countries’ negotiating teams are hashing out the text of a deal, including an enfo
rcement mechanism, based on mutual respect and benefit. Both countries, the world’s two biggest eco
nomies, 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 servi
ce sector, agriculture, trade imbalances and enforcement mechanisms.
Trade between China and the US amounted to 815.86 billion yuan ($121.7 billion) i
n the 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.
After 40 years of high-speed growth, China’s economy ha
s entered a high-quality development phase. Starting today, China Daily will feature a series of reports to sh
ow the new landscape across the country. This is the first installment of the series.
Beijing’s municipal government has been making efforts to develop high-end industries suc
h as 5G, artificial intelligence and the industrial internet in order to build the city into the nation’s scientific and innova
tion center, which is a core strategy of the capital’s high-quality growth plan, a senior officials said recently.
Lin Keqing, executive vice-mayor of Beijing, said the city is aimin
g to make new information technology and medical health twin drivers of the municipality’s growth.
“Beijing will make better use of resources to develop the biomedical indus
try and extend its value chain,” Lin said. “We have unveiled an international medical-use ro
botics innovation center in Zhongguancun, China’s Silicon Valley, and a group of companies in the sector.”
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.
accelerate the process to fully lower the market access threshold for foreign investments in
banking, securities and insurance, the premier said. Service sectors, including medical care and educ
ation, will be opened up along with transportation, infrastructure and energy, he said.
Li said China will further make it easier for foreign companies to set up a venture capital presence and will improve regulati
ons on foreign investors’ strategic investments in listed companies and their mergers with and acquisitions of domestic enterprises.
Also, preferential policies for investments from Hong Kong, Macao and Taiwan w
ill remain unchanged, and greater development opportunities will be offered for them, Li said.
Wang Huiyao, president of the Center for China and Globalizaton, said he was impressed by Li’s speech to cl
ean up rules and regulations inconsistent with the Foreign Investment Law as well as to launch a more streamlined negative list.
“It shows China’s attitude of further opening-up, which is a higher-level and more concrete commitment of China,” he said.
Leif Johansson, chairman of global biopharmaceutical giant AstraZeneca, said
Li’s speech reflects the determination to create a more open, fair and transpare
gmatism over its decision of endorsing the Belt and Road Initiative (BRI), saying Xi and Mattarella agreed
that China and Italy, which are at the two ends of the ancient Silk Road, are natural partners in constructing the Belt and Road.
Conte, according to Wang, said the BRI will bring great opportunities to Italy. He also agre
ed to attend the second Belt and Road Forum for International Cooperation to be held in Beijing next month.
France is one of the earliest European countries that have expressed the willingness to take pa
rt in the BRI cooperation. During Xi’s visit to France, the two countries signed agreements on the third round of the BRI-related dem
onstration projects in third-party markets and kicked off a third-party market fund, Wang said.
At the closing session of a global governance forum co-hosted by China and France, Macron
said the BRI is significant and can play an important role in world peace, stability and development, adding that the EU could align
its development strategy with the BRI in an innovative way and jointly promote Eurasian connectivity.
all of US higher education in order to promote bilateral educational exchanges, he said.
”I am here precisely because, like you, I believe these ties are extremely import
ant for our academic institutions, but even more importantly, for our nations,” he said.
He noted that there are a large number of overseas students from China at Har
vard, and the Chinese language is among the most popular foreign languages at the institution.
He also expressed his admiration for the great emphasis the Ch
inese government has placed on education and its efforts to enhance higher education, addi
ng that Harvard University is ready to move forward with exchanges with Chinese education and research inst
itutions.He calls for tapping partnership potential in such sectors as shipping, telecommunications
China stands ready to work with Italy on the Belt and Road Initiative by strengthening its alignment with the Eur
opean country’s development strategies to bring bilateral ties to a new level, President Xi Jinping said.