Month: March 2019

Much work’ awaits new Sino-US trade talksnited Stat

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.

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Cooperation is the best choice for China and the US,” Ga

 said. “This is not only beneficial to the two countries and their peoples, but also conducive to the entire world.”

The words came as the US Department of Commerce reported that the US trade deficit with China narrowed by 6.4 perce

nt to $34.5 billion in January. US goods exports to China dropped 22.3 percent to $7.1 billion, the lowest since Sep

tember 2010, and Chinese imports dropped 9.6 percent to $41.6 billion, the Commerce Department said.

The trade imbalance has been at the center of monthslong tensions between China and the US. Other iss

ues at the top of the list for their consultations include technology transfers and protection of intellectual property rights.

Gao said guaranteeing that companies can pursue technical cooperation based on voluntary principles and business rules is cond

ucive to creating a fair and competitive business environment and promoting high-quality economic development.

“It is in line with China’s need to further deepen reform and opening up,” he said.

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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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Over the years, FAA has increasingly shifted toward wor

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

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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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Senior Colonel Zhou Bo, director of the Center for Secur

Cooperation at the ministry’s Office for International Military Cooperation, said that comp

ared with other branches of the military, the PLA Navy plays a relatively larger role in protecting China’s overseas inter

ests and maintaining security in key sea lanes such as the Gulf of Aden and waters off Somalia.

“The PLA Navy is at the forefront of proving that the Chinese milita

ry is an open, cooperative and competent force for peace,” he said, adding that the PLA Navy has f

requently participated in humanitarian rescue missions, naval escorts, joint exercises and exchanges in past years.

“Through these non-war military operations, the Chinese Navy has also improved its capability and operability in dis

tant waters,” Zhou said. “Many security issues around the world require global efforts, and as its capability impr

oves, the PLA Navy can play a bigger part and contribute more to global maritime security.”

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According to the Ministry of Finance, local government

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.”

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She would also become the fourth Conservative prime min

ister in a row to have fallen foul of divisions over Europe within her centuries-old party, following David Cameron, John Major and Margaret Thatcher.

Most voters think the Brexit negotiation has been handled badly and there may now be a slight majority for staying in the EU, rec

ent polls suggest. Many Conservative MPs say May herself has caused the chaos by not negotiating harder with the EU.

“It was inevitable and I just feel she’s made the right decision. She has actually read the m

ood of the party, which was a surprise,” said Conservative lawmaker Pauline Latham.

Over two decades since her debut appearance at Wimbledon, Chinese legend Li

Na still remembers her awkward introduction to the iconic London tournament.

Li first competed there in the girls’ singles in 1998, and was tripped up by the switch f

rom hard courts to grass, not to mention the All England Club’s famous sartorial etiquette.

“I had no clue at all on how to play on grass,” Li recalled at Tuesday’s The Road to Wimbledon junior training camp in Beijing.

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I didn’t even know I had to wear all white, nor did I prepare

a different pair of shoes for the surface. I was overwhelmed, in an embarrassing way.”

Li played the final match of her stellar career at Wimbledon 2014 before retiring due to a chronic knee injury two months later.

Now enjoying life as a housewife and businesswoman, the two-time Grand Slam singles champion spares no effort to en

sure that China’s new generation of players are better prepared than she was for life as a pro.

Her passion for the sport remains undiminished and shone through at Tuesday’s event at Beijing’s

1123 Junior Tennis Academy, where the 37-year-old hit shots with some young hopefuls and shared insights about life on the tour.

With more international tournaments visiting the country and strong government support and investment, tenni

s has entered the athletic mainstream in China, yet the nation still hasn’t found anyone to assume Li’s throne.

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The Belt and Road Initiative is set to promote cooper

globally — not for China only, Asian Infrastructure Investment Bank President Jin Liqun said on Wednesday.

Jin made the remarks in response to questions over whether the BRI only involves C

hinese projects prior to the Boao Forum for Asia, which will officially begin on Thursday.

“It was a misunderstanding,” Jin said, adding any country or investor can do a BRI project

anywhere, so long as it promotes global and regional economic cooperation, peace and development.

“The so called ‘China strategy’ is simply to promote global cooperation,” he added.

Joint efforts essential to fight global warming: China Daily editorial

Record low temperatures in winter and record high temperatures in summer in many parts of the

world year after year and more frequent natural disasters caused by extreme weather events prov

ide strong evidence that global warming is not just an alarmist theory as some claim.

Yet striking a balance between the effective control of human activities that are contr

ibuting to climate change and economic growth is proving a hard nut for countries to crack.

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