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 andRead More →

 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 consultationsRead More →

domestically rated “AAA”, the safest level. The sale to individual investors is mainly of project-link ed special-purpose bonds, a type of local government bond vigorously promoted by the government in re cent years. The cash flows generated from the underlying projects will be used as the primary repayment sources. In China, there are two types of local government bonds: general bonds and special purpose bonds. According to the country’s 2019 budget repor t, which was approved by the top legislature earlier this month, the budgeted deficit for local governments is 930 billion yuan, up 100 billi on yuan compared with 2018, and this fund gapRead More →

 title at the 2011 French Open, warned that increased funding and exposure for the sport does not guarantee Grand Slam champions will follow. “After the US Open (in August), players don’t need to travel overseas with tournam ents held at home one after another,” said Li, who is an ambassador for her hometown Wuhan Open in Hubei province. “However, for the younger players nowadays they are likely to squander the opportuni ties that we had to fight hard to earn, because everything comes easier and more frequently. “They have to focus on the game itself rather than the exposure or expectations off the court toRead More →

inated and inter-connected, and fair and inclusive approach and forge a growth model of vitality, a cooperation model of openness and win-win results, and a developm ent model of balance and common benefits, so that people from across the world could share the benefits of economic globalization, Xi said. This year marks the 70th anniversary of the founding of the People’s Republic of China, Wang said. During his visit, Xi, based on China’s just-concluded Two Sessions earlier this month, illu strated to the European leaders the fine performances of the Chinese economy which had overcome multiple challenges in 2018. Wang said Xi also introduced theRead More →

percent encountered illegal or bad information, the report said. And 69.1 percent know how to protect their rights and interests through the internet and report infringements. According to the report, 91.9 percent learn relative legal knowledge through offline means, and 72.3 percent learn legal knowledge through the internet. The report suggests that the regulations on protecting minor netizens should be legislated as soon as possible. Authorities should enhance content supervision and industry management, regulating ente rprises to shoulder social responsibly, promote education on the internet among minors and crack down on infringement. Chinese e-commerce giant JD is starting to cultivate key opinion leaders (KOLs) toRead More →

ith so many applications in different parts of industry and the economy, and we want agreements, project by project.” Raffarin was appointed special envoy on China affairs by French President Emmanuel Mac ron. He pointed out that it is not pragmatic to have an agreement about every industrial sector, because, as sovereig n states, both countries need to protect the interests of their own businesses and industries. “It’s easier to go project by project, and, after some experience, we can add a larger vision,” Raffarin said. His comments came after Italy signed a BRI memorandum of understanding with China during Xi’s visit to Rome lastRead More →

 such an attitude. Any nation with very strong and rapid growth is always in a very difficu lt position in public opinion because we are afraid about the strength of others,” he said. “For example, we were afraid of cultural pressure from the United States in the 1960s, and 20 ye ars later, we had the same feelings against Japan with its technological projects. Now, China is bac k around the table of big nations. I think we have to accept that and not be afraid, but to discuss.” Raffarin said the two countries are expected to close contracts and announce new projects. He alsoRead More →

Winning the opening match of the China Cup proved to be a mission impossible for the ho st national team, which fell 1-0 to Thailand on Thursday night in Nanning, Guangxi Zhuang autonomous region. While spectators at the sold-out 60,000-seat Guangxi Sports Center loudly vented their anger a s the home squad left the pitch, within minutes hundreds of millions of netizens expressed their dis appointment online, making the loss one of the hottest topics trending on Chinese social media. By Friday morning, related topics had been viewed more than 10 0 million times on Weibo, generating waves of criticism from fans and media. “TeamRead More →

 and media need to focus on long term development of Chinese soccer instead of what happens at the tournament. “It’s like building a house-the first job is to build a solid foundation,” he said “Based on that, we can have success. Compared to Japan and South Korea, their plans started decades ago. “They are 20 to 25 years ahead of China in terms of their soccer development.” Another factor was that Cannavaro did not recall China’s best striker, Wu Lei, who is now playing for Espanyol in La Liga. Other experienced veterans, such as captain Zheng Zhi, were passed over in order to make wayRead More →