Archive March 2019

The draft amendment to the patent law has been sub

The government has started formulating matching regulations and rules to support implementation of the Foreign Invest

ment Law, adopted two weeks ago, Li said, adding that supporting regulations will take effect along with the law on Jan 1.

The draft amendment to the patent law has been submitted to China’s top legisl

ators. It sharply increases compensation for infringement to a cost that violators will not be able to afford, he said.

Forced technology transfers are prohibited and violators will receive harsh penalties, Li said. The complaint mecha

nism for foreign-invested companies will be perfected to improve exchanges and coordination between the gover

nment and investors, making it an effective way to protect the legal rights of foreign companies, he said.

China will not resort to massive economic stimulus to boost

growth, but will continue to open up and innovate to energize market players, Li said.

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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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Event planned to fete PLA Navy’s 70th anniversary

More than 60 countries will send naval delegations to participate in the 70th anniversary of the founding of the Peo

ple’s Liberation Army Navy in late April, a spokesman for the Ministry of National Defense said on Thursday.

The celebration will showcase the progress of the PLA Navy and its growing capabili

ty in safeguarding China’s overseas interests as well as regional and world peace, an expert said.

The multinational naval event will take place in Qingdao, Shandong province, in late Ap

ril, said ministry spokesman Senior Colonel Wu Qian. April 23 is the 70th anniversary of the PLA Navy’s founding.

The naval event will include high-level dialogues, an international fleet review, military band performances, cultural and sports e

xchanges as well as other activities, Wu said. Some nations will send military ships to participate in the fleet

review, though details are still in the works and will be announced at a later date, he added.

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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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Wang hailed Italian government’s forethought and pragmatis

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.

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Following his visits to Spain and Portugal in late 2018, Xi

came to Europe again in his first overseas trip this year, manifesting the great importance China attaches to Europe, Wang said.

In a world of unprecedented transformations, Xi noted that a stable, strategic and reciprocal China-EU relationship is urgently needed.

Wang said during his visit, Xi had in-depth communication with the European leaders to discuss cooperation in internation

al issues and reached important consensus of adhering to multilateralism, and discarding isolationism and unilateral moves.

He also said Xi and the European leaders agreed to enhance coordination and cooperation wit

hin the UN system, give full play to the constructive role of global and regional multilateral mechanisms s

uch as the World Trade Organization, the International Monetary Fund, the World Bank, and Group of 20 and the EU, and

actively contribute to solving international conflicts, combating climate change and promoting sustainable development.

In his keynote speech at the global governance forum, Xi raised “four deficits” in global affairs including governance deficit, tru

st deficit, peace deficit and development deficit. To address these deficits, he proposed a four-pronged approach of fairness and reas

onableness, consultation and understanding, joint efforts and mutual assistance and mutual benefit and win-win results.

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The European leaders said they are glad to see a greater

 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.

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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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