The Chinese government has never imposed any policy

 to force foreign companies to transfer their technology,” Gao added, sayi

ng that the country’s Foreign Investment Law bars forced technology transfers.

The newly passed law, approved this month and set to take effect in January, stipulates that China will treat foreign and Chi

nese enterprises equally and protect their intellectual property rights. Under the law, foreign enterprises will recei

ve pre-establishment national treatment, in addition to a negative list system for market access.

A negative list shows areas where investment i

s limited or prohibited for foreign investors, with all other areas presumed to be open.

Gao said the ministry is working with relevant de

partments to conduct research on shortening the negative list for market access.

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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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Retail sales of local government bonds attract eager

Chinese local government bonds worth 1.4 billion yuan ($208.5 million) were snapped up by retail investors within a single day, after counter sales in banks we

re made available for the first time. The fundraising will help supplement a broader fiscal deficit this year, analysts said.

On Monday, individuals in China were able to purchase bonds issued by t

he Zhejiang provincial government (five-year term, 3.32 percent coupon rate) and the N

ingbo city government (three-year term, 3.04 percent coupon rate). Proceeds from the sales will be used for land purchases (300 million yuan) and shantytown renovations (1.1 billion yuan), acc

ording to a notice on the website of China Central Depository and Clearing, a clearinghouse under the central bank.

The minimum investment amount for retail investors is 100 yuan, lower than most wealth management products issu

ed by commercial banks. Previously, individual investors could only purchase bonds issued by the central government, kno

wn as treasury bonds. And before Monday, local government bonds were traded mainly in the interbank market.

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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.

www.ezgpui191.cn

In a spectacular display of indecision, the House of Comm

ons has voted against remaining in the EU and every version of leaving the EU,” tweeted James Cleverly, the Conservative Party’s deputy chairman.

Nevertheless, some proposals fared better than May’s deal had done two weeks ago, and parlia

ment was due to hold more indicative votes on Monday after refining the options most likely to secure a majority.

Many Conservative eurosceptics had made clear they would only c

onsider supporting May’s deal if she gave a firm commitment to resign, hoping a new leader

would be more sympathetic to their views when negotiating the terms of Britain’s future relationship with the EU.

“I have heard very clearly the mood of the parliamentary party,” May told a meeting of Conservative lawmakers (MPs).

“I know there is a desire for a new approach – and new lead

ership – in the second phase of the Brexit negotiations – and I won’t stand in the way of that.”

But within hours of May’s offer, the Democratic Unionist Party, which props up her minority gov

ernment, said it would vote against the deal if May brought it back a third time.

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The government gave itself the option of bringing May’s dea

back to parliament on Friday, although speaker John Bercow repeated his warning that he

would not allow a third vote unless the motion had changed substantially since its last defeat.

May, who voted to remain in the EU in the 2016 referendum, had already promised to step down before the next election, due in 2022.

Her deal, defeated in parliament by 149 votes on March 12 and by 230 votes on Jan 15, mea

ns Britain would leave the EU single market and customs union as well as EU political bodies.

But it requires some EU rules to apply unless ways can be found in the future to ensure no bor

der posts need to be rebuilt between British-ruled Northern Ireland and EU member Ireland.

Many Conservative rebels and the DUP object to this “Irish backstop”, saying it risks binding Britain to the EU for years.

To succeed, May needs at least 75 lawmakers to come over to her side.

After the ERG met, a spokesman said: “There is no way enough votes are

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While May was addressing her lawmakers, MPs in the mai

n chamber debated eight other Brexit options, ranging from leaving abruptly with no deal to revoking the divorce altogether.

While there was no majority support for any, the option calling for a referendum on any depa

rture deal, and another suggesting a UK-wide customs union with the EU, won more votes than May’s deal did two weeks ago.

Oliver Letwin, a Conservative former cabinet minister who led parliament’s unusual power grab, said it ha

d been expected that none would immediately win a majority, and lawmakers would have another chance on Monday.

The uncertainty around Britain’s most significant political and economic change since W

orld War II has left allies and investors aghast. Sterling dipped after Wednesday’s events.

If May’s deal were to pass, her office said there would be a contest to replace her after May 22, when Britain would leave the EU.

www.qiancengdian.cn

Chinese President Xi Jinping’s first overseas visit in 2019

  levated China’s ties with Italy, Monaco and France to a new level, and injected new impetus into China-Europe compreh

ensive strategic partnership, Chinese State Councilor and Foreign Minister Wang Yi has said.

  When the world is undergoing profound changes unseen in a century, Xi’s Europe tour, hailed b

y the international community, is dedicated to deepening partnership for cooperation, improving global governance, and uphol

ding multilateralism, which shows China’s sense of responsibility as a major country, Wang said.

  In six days, the Chinese president attended over 40 events during his visit to five cities including Rome, Palermo, Monaco, Nice a

nd Paris, Wang noted, adding that it is a trip of friendship, cooperation and exploration that has delivered fruitful results.

  FRIENDSHIP & MUTUAL BENEFIT

  This year marks the 15th anniversary of the China-Italy comprehensive strategic

partnership, and next year will witness the 50th anniversary of China-Italy diplomatic relations.

  At meetings with Italian President Sergio Mattarella and Prime Minister Giuseppe Conte, Xi agreed with them to further i

ntensify high-level exchanges, consolidate political mutual trust, and elevate bilateral relations, Wang said.

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It is advisable to pursue an innovation-driven, well-coordi

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 the newly-adopted foreign investment law, emphasizi

ng that it is necessary to use legal means to better protect intellectual property rights and attract foreign investment.

Xi pointed out that China will continue to push forward all-round reform and opening-up, promote trade and investment

liberalization and facilitation, so that European friends can better share China’s development opportunities.

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percent of minors have internet accessChina had 169 million min

netizens in 2018 and the internet penetration rate was 93.7 percent, according to a report published on Tuesday.

The report was jointly published by the youth rights and interests protection departme

nt of the Communist Youth League of China Central Committee and the China Internet Network Information Center.

Minor netizens covered by the report are students at different levels under 18 years, but not including children under 6 years and non-student youths.

According to the report, 92 percent of minor netizens use mobile phones for internet ac

cess, and the percentages of minors using other devices for internet access are all less than 50 percent.

The report shows that 77.6 percent of minor netizens have their own internet access devices, and 69.7 percent have mobi

le phones. Data shows 52.2 percent connected to the internet less than one hour a day, and 24.2 percent between 1 and 2 hours.

Up to 87.4 percent use the internet for study, 68.1 percent listen to mus

ic and 64.2 percent play games for major leisure and recreational activities on the intern

et. Chatting online is the major communication activity for 58.9 percent, and 40.5 percent use short video apps, according to the report.

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