China and Nepal should strengthen cooperation on infrastructure construction and continue to promote the constructi
on of the China-Nepal cross-border economic cooperation zone, President Xi Jinping said in Beijing on Monday.
Xi made the remark during his meeting with his Nepali co
unterpart, Bidhya Devi Bhandari, who is on a nine-day state visit to China.
China greatly values its ties with Nepal, and supports Nepal in mai
ntaining its national independence, state sovereignty and terr
itorial integrity as well as exploring a path of development that suits its national conditions, Xi said.
Also, China appreciates Nepal’s firm and long-standing support over issues related to C
hina’s core interests and major concerns and its active participation in jointly building th
e Belt and Road, Xi said. He added that China will continue to support Nepal’s economic and social development.
China’s first aircraft carrier, the Liaoning, and latest nuclear submarines, destroyers and fighter jets will join the parade, Qiu said.
“Some vessels will make their debut for the first time,” Qiu added.
Altogether 32 Chinese vessels and 39 warplanes will take part in the event, according to Qiu.
The vessels will sail in six groups, namely, those of submar
ines, destroyers, frigates, landing ships, auxiliary ships, and aircraft carrier.
The planes will fly in 10 echelons, showcasing aircraft for early warning, reconnaissance, anti-submarine patrol, as wel
l as bombers, fighters, carrier-based fighters, and carrier-based helicopters, Qiu said.
More than 60 countries will send delegations to join multinational naval even
ts marking the anniversary, and over 30 countries of them will send major navy leaders to participate, according to Qiu.
Nearly 20 foreign vessels of various capabilities, including destro
yers, frigates and landing ships, will join Chinese vessels in the naval parade, show
ing to the world the “firm determination to safeguard peace and seek development with joint efforts,” Qiu said.
Organizing multinational naval parades is a unique ceremonial activity of navies, according to Qiu.
reports that India decided not to send a delegation to the second Belt and Road Forum for Internati
onal Cooperation later this month in Beijing. The reports said the initiative undermines the South Asia
n nation’s sovereignty via the BRI-related China-Pakistan Economic Corridor.
Lu said that, “If this decision about whether to participate in building the Belt and Road
was possibly made through a misunderstanding”, China firmly and sincerely advances the constr
uction of the Belt and Road on the basis of consultation and contribution for shared benefits.
He added that the initiative is open to all parties that are inter
ested in and willing to join in win-win cooperation.
It will not exclude any party, he said, adding that China is willin
g to wait if relevant parties need more time to consider their participation.
ber of Commerce, said that industrial and trade relations between the EU and China will i
ncrease following the meeting, and that China has made great efforts to open its market to European companies.
“China’s new Foreign Investment Law, which has just been (approved), will greatly reassure European investors of the com
mitment of the Chinese government to further protect foreign investments in China,” he said.
Wang Yiwei, a professor of international relations at Renmin University of China, said in an article
published in the People’s Daily Overseas Edition on Wednesday that the Chinese and EU lead
ers’ strategic communication on important issues will help foster new areas for bilateral cooperation.
The concerted efforts made by the two sides to cope with the common challenges
and develop win-win cooperation will add stability to an increasingly uncertain world, he added.
Hu Yongqi contributed to this story.
ncouraging: annual TFP growth of about 3 percent, with especially strong growth in the tertiar
y sector. So, notwithstanding the recent slowdown in aggregate GDP growth, services-led Chi
nese rebalancing is imparting meaningful productivity leverage to the economy as a whole.
The question now is: Can China sustain its recent TFP trajectorya dist
inct possibility in light of an increasingly powerful shift to indigenous innovation and
the sustained services-led productivity of a growing cohort of well-educated knowledge workers－as well as rea
p the benefits of continued upgrading of its capital stock? If it can, the new Chinese study concludes that China’s potential GDP growth rate could hold aro
nd 6 percent over the next five years. Such an outcome would conform quite closely with China’s longer-term ambitions.
So, despite the days of 10 percent Chinese growth being over, which w
as inevitable, there is good reason to believe that the real story is China’s shift from qua
ntitative to qualitative growth. Which suggests China will defy yet again widespread fears of a looming middle-income trap.
ing, and the two witnessed the signing of four cooperative documents to pr
omote cooperation in tax issues, agriculture, finance and science at a signing cer
emony. A joint declaration on climate change was also released after their meeting.
Zhao Jianglin, a researcher of Asia-Pacific economic studies at the Chinese Academy of Social Sciences, said the visit by Ardern
will provide a timely boost to China-New Zealand relations after the dispute over the use of Chinese telecom equipment.
China has been a key trade partner with New Zealand, which could also provide important s
upport to the Belt and Road Initiative and China’s relations with countries in the South Pacific, she said.
A price cut swept China’s many sectors on Monday, as value-added tax rate reduction officially kicked in.
This year’s Government Work Report, which was released las
t month, said the rate bracket of 16 percent in manufacturing and other industries will
development and training company NIIT, visited Xiongan in September and was received by Chen.
Chen said Xiongan welcomes NIIT to take its advantages in technology and training to enhanc
e cooperation in the building of a digital city and the IT industry, according to a news release.
While attending the top legislature’s annual session in March, Chen told reporters that Xiong
an will soon begin large-scale substantial construction as overall design plans for the area have been completed.
More than 200 teams and 1,000 experts from China and abroad have participated in the drafting of the plans, Chen said.
Jiang Hao, a Shanghai-based partner at global consultancy Roland Ber
ger, said his company is “very interested” in participating in Xiongan’s development.
the decision to withdraw. Chad O’Carroll, an analyst and chief executive of the K
orea Risk Group, said the move was to be expected following the failure of the Hanoi summit.
”North Korea’s pull-out Friday from the Kaesong Lias
on Office has been on cards since Hanoi, given recent no-shows there,” he said on Twitter.
He added that the move was designed to send a message that from
Pyongyang’s perspective “Seoul has insufficient influence” over the US-North Korea rela
tionship and that intra-Korean talks are increasingly pointless, “when sanctions prevent practical cooperation.”
Following the Trump-Kim summit in Hanoi, the US and South Korea canceled major war ga
mes that have long been a source of tensions on the Korean Peninsula in order to “support diplomatic efforts” with Pyongyang.
Speaking on Thursday, Joseph Dunford, chairman of the US Joint Chiefs of Staff, said he was “absolutely confide
nt” that smaller exercises held in place of the traditional war games enabled the US and South Korean forces to “maintain readiness.”
India’s richest man just helped his cash-strapped younger brother avoid months in prison by paying off debts worth tens of millions of dollars.