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China has to walk a fine balance between local govern

nment debt management and stable economic growth, especially at a time when trade te

nsions with the United States have imposed more downward pressure, said economists.

More financial resources and investors will be involved in the debt resolution process, said Qiao Baoyun, head of the Acad

emy of Public Finance and Public Policy at the Central University of Finance and Economics.

The last round of local government debt swaps started in 2015 and ended in August 2018, w

hich saw 14.34 trillion yuan ($2.08 trillion) of local government debt being swapped into bonds.

Local governments are set to face more debt burden in the next three ye

ars, as many of the previously issued bonds are set to expire, income from land sales has

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need to promote exchanges among civilizations and

 dialogues based on harmony in diversity and inclusiveness. We need to undertake the cultural responsibility of inter

national communicators, and let exchanges of culture and among civilizations, as well as mutual learning, co

nstantly serve as bridges for people’s friendship, the impetus of international cooperation and bond of world peace.

Second, we should become builders of world peace and development. The wheel of humanities’ de

velopment is unstoppable. Peace, reconciliation and harmony are historical trends. Equality, mut

ual trust and win-win cooperation are historical necessities. Yet, as international conventions are attacked an

d multilateral mechanisms are challenged, the anti-globalization tendency rises, and unilateralism and tra

de protectionism are becoming increasingly fierce. We must adamantly safeguard the contemporary interna

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China will improve the market environment for c

 car sales and expand the supply of automobiles as part of its latest efforts to boost auto consum

ption, Gao Feng, the spokesperson for the Ministry of Commerce, said at a press conference early this month.

By the end of 2018, China’s six cities namely Beijing, Shanghai, Shenzhen, Guangzhou, Hangzhou and Tianijin carried

out the purchase restriction of fuel-powered passenger cars, said Shao Jiang, an analyst at Everbright Securities. “If thes

e cities double their rising number of new cars, it could bring a 2.8 percent year-on-year growth for the wh

ole passenger car market.”Editor’s Note: The eight explosions in Sri Lanka on Easter Sunday have claimed more tha

n 300 lives and left over 500 people injured. A ninth explosion was reported on Monday near a church in Colombo, but n

one was reported killed or injured. The Islamic State reportedly claimed responsibility for the bombings on Tue

sday. Two experts share their views on the attacks with China Daily’s Liu Jianna. Excerpts follow

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The first draft also improved rules on developing a m

ulti-layer capital market system, strengthening investor p

rotection, promoting securities industry innovations and enhancing regulation.

New revisions were submitted for a second reading in April 2017 to

improve regulation on such areas as stock trading, acquisitions of listed firms, information disclos

ure and investor protection. The second draft also demanded the State Council to gradually advance the IPO syst

em reform in accordance with authorization granted by the top legislature.

Note: The following article is taken from the Chinese-language “Commentaries on International Affairs”.

On Thursday, the World Trade Organization (WTO) release

d a panel report on the case the United States lodged in December 2016 against China for its

use of tariff-rate quotas for wheat, rice, and corn. The WTO panel ruled that China’s administration of tariff-rate quo

tas violated its commitment to administer them transparently, while rejecting

the appeal by the American side which demanded that China release the information on tariff-rate quotas.

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They are both staunch supporters of free trade and mul

ultilateralism, and with the United States increasingly opting for unilateralism in international affairs, China and the EU can str

engthen their coordination within the framework of the United Nations and buttress the role of multilateral mecha

nisms including the World Trade Organization and the International Monetary Fund.

Beijing and Brussels are also two important voices advocating internati

onal efforts to combat climate change and promote sustainable development.

It is hoped that the leaders attending the China-EU Summit in Brussels will send positive signals that the two sides are commi

tted to deepening their strategic and reciprocal cooperation. By strengthening their consensus and solida

rity, they can boost confidence that they will work together to address shared and global challenges.

chinacctm.cn

hina to pilot football-focused kindergartensball in Qin

China will start the trial run of football-focused kindergartens this year, with 50 to 200 such kin

dergartens in each provincial-level region, according to a directive by the Ministry of Education.

It is among the country’s efforts to popularize campus football, encourage kindergartens

to extensively carry out child football activities and foster children’s all-around development.

The pilot program aims to cultivate interest in football in children through popular

football games and create an atmosphere favorable for football culture to grow, the directive says.

Various physical activities tailored for kids will be held, during which children are enco

uraged to run, jump, climb, pitch and bounce balls to promote the development of their basic sports abilities.

Kindergartens must give top priority to children’s safety and health, the ministry stresses.

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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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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.

qiancengdian.cn

The deal is the latest in a series of patent license agreements

with key industry partners such as Qualcomm, Dolby and Nokia. This strategy is expected

to clear the patent obstacles for Oppo to better serve global consumers in the 5G era, said Fu Liang, an independent telecom analyst.

“Talent is what we are in dire need of, to explore overseas market,” Wu said.

Oppo aims to have 90 percent of its Europe-based staff sourced from the local talent po

ol, so as to better tap into the design and art scholars from local universities.

The company said it currently has over 40,000 emplo

yees globally, with 10 manufacturing facilities and six research institutes across the world.

Its mobile operating system ColorOS commands 250 million users w

orldwide. To expand its reach, Oppo has also set up over 400,000 points of sale worldwide.

www.zaojiaowg.com

Complaining about Democratic investigations, the President

  made a jarring comment that hinted at the possibility of political violence.

  ”I can tell you I have the support of the police, the support of the milita

ry, the support of the Bikers for Trump — I have the tough people, but they don’t play it to

ugh — until they go to a certain point, and then it would be very bad, very bad,” Trump told the conservative website.

  Trump’s incessant appeals for his base are undeniably effective.

  One Republican, Sen. Thom Tillis, of North Carolina, made an 11th hour switch of hi

s vote on the declaration of national emergency, falling into line behind the President.

  A top GOP official in North Carolina told CNN’s Jim Acosta that Tillis was under fierce pressure ahead of a potential primary challenge next year.

  The official said, Tillis is “getting hit hard in the state.”

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