t time, the figures traveled to six capital cities. In 2010, they were once again on display in the Art Gallery of New South Wales.” He notes that the Terracotta Warriors come from Shaanxi’s provincial capital, Xi’an, the start of the ancient Silk Road. While the ancient Silk Road created a means of exchange between the East and the West 2,000 years ago, the Belt and Roa d Initiative was launched in 2013 to achieve common development through connected global partnerships. Last year, the Australian state of Victoria became involved with the Belt and Road Initia tive. “I really look forward to seeing the initialRead More →

 to promoting a new type of international relationship and building a community with a shared future for mankind, Xi said. Mourao extended President Bolsonaro’s greetings and best wishes, and delivered a letter from the Brazilian president to Xi. The new Brazilian administration led by Bolsonaro attaches great importance to relations with China, Mourao said. Brazil speaks highly of China’s important contributions to promot ing global economic growth and considers China to be a reliable and stable partner, he said. Brazil would like to connect the country’s investment partners plans with the Belt and Road Initiative and expand cooperation with China in areas incl uding trade,Read More →

le growth of the economy, he said, adding that the positive factors for economic growth are increasing. Noting that the uncertainties in the global economic environment are also rising and there remai n downward pressures on the domestic economy, Li called for both attention and confidence from the entrepreneurs. Related departments should follow the guidance of Xi Jinping Though t on Socialism with Chinese Characteristics for a New Era, invigorate the market thro ugh deepening reform and opening-up and ensure the stable growth of the economy, Li said. He said that tax reduction is the key to improving the business environm ent and invigorating theRead More →

 tertiary sector, which is mainly services, grew from 56.7 to 57.3 percent of GDP from the same period last year. The Index of Services Production increased 7.4 percent year-on-year, higher than the growth rate of overall GDP. Overall retail sales of consumer goods also grew at 8.3 percent. Sales of upgraded consumer goods witnessed fast gro wth, with the highest rates concentrated in upgraded products such as cosmetics, phones and computers. And, high-tech services grew at an astonishing rate of 21.2 percent. In prepa ring for consumer 5G telecoms next year, the output of mobile communications base stations grew 153.7 percent. The data also showRead More →

intly build the Belt and Road, deepen mutual political trust and pragmatic cooperation and pr omote the development of the China-Chile comprehensive strategic partnership to a higher level, Xi said. The two countries should promote the upgrading of bilateral tra de and investment and enhance cooperation in such areas as minerals, clean energy, infor mation technology, e-commerce, innovation and scientific research on the Antarctic, he said. Xi called on the two countries to make joint efforts to celebrate the 50th anni versary of China-Chile diplomatic ties next year and promote people-to-people exchanges. China supports Chile’s hosting of the United Nations climate change confere nce andRead More →

block Huawei from participating in the buildup of its 5G ultra-high-speed intern et, according to a previous China Daily report citing a Financial Times interview with the pres ident of the Bundesnetzagentur, Germany’s telecommunications regulator. Huawei CEO Ren Zhengfei said the company will comply with European cybersecurity standards and the General Data Pr otection Regulation laws that govern the EU during a previous interview with CNBC. Huawei Technologies Co said on April 22 that it posted 179.7 billion yuan ($26.8 billi on) in revenue in the first quarter of 2019, a 39 percent growth on a yearly basis. The company had signed 40 commercial contractsRead More →

 fivefold in the past few years, which helps reduce trade disparities with developed economies. He called on all CEE nations to take the opportunity to deepen economic and trade cooperation with China. Zhong Shan, minister of commerce, said over 1,000 people participated, the most since the event started nine yea rs ago. “It demonstrates the increasing confidence in the forum and cooperation with China at large,” he said. In recent years, China’s trade with CEE nations has seen rapid growth. According to the Ministry of Commerce, China’s imports from the countries have risen by 24.6 percent to $23 billion. Chinese compan ies have invested overRead More →

 last year. Every day, an average of 5.5 million people use the nation’ s high-speed trains, accounting for nearly 60 percent of daily users of the country’s rail network. The State-owned rail car manufacturer CRRC Corp, the world’s largest train maker, had sta rted developing a new-generation of bullet train that will operate at 400 kilometers per hour. A preliminary report issued on Thursday by Ethiopian officials found that a malfunctioning sensor sent incorrect inform ation to a Boeing 737 Max 8 jetliner, triggering an anti-stall system that began a chain of events that ended with th e plane nose-diving into the ground, killing 157Read More →

lves as having more sense or greater perspicacity and thus able to see the “truth” of the Belt and R oad. But those who seek to portray it as ill-intentioned are those who habitually speak ill of China. Those countries and organizations which choose to join the initiative have a mind of thei r own. They realize the initiative is not an endeavor that has been planned down to the finest detail, it is a cooperation framework that is being given substance and significance through the collaborations of countries. Just as China’s veteran diplomat Yang Jiechi said in an interview on the weekend, the BeltRead More →

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 →