Archive March 2019

According to the Ministry of Finance, local government

nts in Sichuan, Shaanxi and Shandong provinces as well as Beijing will eventually be able to sell bonds at count

ers in commercial banks directly to retail investors, and the practice will be expanded nationwide after an additional period of time.

The ministry said individuals do not need to pay taxes on the bonds’ interest income, and this policy is likely to attract more investors.

Selling local government bonds to retail investors should facilitate liquidity

in the secondary market, improve the market-oriented bond pricing mechanism and pu

sh issuers to enhance the quality of information disclosure, said Amanda Du, a Moody’s vice-president and senior analyst.

“Higher coupon rates compared with treasury bonds, and the tax exemption on the interest income, make

local government bonds more attractive for retail investors,” she said. “The fast takeup by retail investors also indicates that the

bonds have won high recognition among individual buyers, supported by the local governments’ high credit ratings.”

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Li, who inspired the boom after winning Asia’s first major

 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 to really improve one event at a time and benefit from the momentum.”

When Li turned pro in 1999 China had only two entry-level tournam

ents. Now the Women’s Tennis Association calendar features nine Chinese tourn

aments, including the premier mandatory China Open in Beijing and year-end WTA Finals in Shenzhen.

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Five Chinese women are ranked in the world’s top 50, spear

headed by No 18 Wang Qiang, who this week reached the Miami Open quarterfinals to

become the first Chinese to go that far at the premier mandatory event since Li’s run to the final in 2014.

Li is delighted to see her compatriots mixing it with the world’s best, but said she expects more.

“It’s good to have a group of girls in the top 50, but the resources they enjoy today make me believe they could do better,” she said.

With more advanced coaching and training methods, WTA

CEO Steve Simon reckons China will unearth the next Li sooner rather than later.

“The chances of finding the next Li Na are very bright; it’s just a matter of time,” he said earlier this month in Shenzhen.

The return of The Road to Wimbledon, a tailor-made tournament for under-14 players, f

or its fourth year in China is part of the latest effort to deepen the domestic talent pool.

It began on Monday with a weeklong trial camp overseen by Dan Blox

ham, head coach of the All England Club. The best performers will be picked to compete at a nat

ional tournament in Nanjing in May, which will decide China’s representatives at the global final at Wimbledon from Aug 11-17.

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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.

shlfat.com

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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he introduced measure is to “offer convenience for the pub

and greatly improve our work efficiency”, according to a released statement at a news conference held by the administration on Tuesday.

In the past, the residents in Chinese mainland could only apply for permits in their house

hold registration places with relevant documents, including identification card, hukou and application form.

National Immigration Administration holds a press conference on March 26, 2019.

Under the new measure, the residents will provide the same documents to apply for th

e passports and travel permits in their nearby exit and entry management departments, it said.

With the rapid development of China’s economy and society, a growing

number of people have been living, stuadying and working away from their hometown, and th

ere has been a strong demand for them to apply for the passports or travel permits in different places.

Data provided by the National Immigration Administra

tion show, this year, an estimated 21 million people will apply for passports and travel permits in di

qhfaaa.com

The Congress members have also demanded that the US adm

inistration put into practice the Taiwan Travel Act and the Asia Reassurance Initiative Act, both passed last year, to fulfill its promise to the Tsai authorities. In their

letter to US President Donald Trump, some Congress members have said the Taiwan Relations Act will help mai

ntain peace, security and stability in the Indo-Pacific region and suppress Beijing’s so-called aggression.

Moreover, to seek the US’ protection and contain Beijing, the Tsai authorities have been hyping up

the island’s strategic value for Washington. But the fact is, the empty promises given by the Congress me

mbers cannot guarantee any safety to the Tsai authorities and, instead, could put them in danger.

Ahead of the 2020 elections on the island, some US Congress members are incitin

g the Tsai authorities to provoke disputes with the mainland by supporting those seeking “Taiwan ind

ependence”. But since any attempt to split Taiwan from the motherland would lead to a conflict, it will be in the interest of neith

er side of the Straits nor the US. Worse, such a conflict would destroy peace and stability in the entire Asia-Pacific region.

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If the US Congress continues to send the wrong signals

to the “pro-independence” DPP, it will embolden the Tsai authorities to take more risky acti

ons, and thus damage cross-Straits ties further, harming the interests of Beijing and Washington both.

US Congress members are elected by American voters as their representatives and, ther

efore, they should always put the interests of their people and country first. And instigating the Tsai authorities to fu

rther damage cross-Straits ties certainly doesn’t serve the interest of either American voters or the US as a country.

The author is a professor at the Institute of Taiwan Studies, Beijing Union University. The views don’t necessarily repre

sent those of China Daily.President Xi Jinping and Italian Prime Minister Giuseppe Conte (both seated), witness the

signing of a memorandum of understanding on joint construction of the Belt and Road between He Lifeng, head of the N

ational Development and Reform Commission, and Luigi Di Maio, Italian deputy prime minister, in Rome on Saturd

gzbbwhl.com

He recalled the concerns that the United States expressed

ssed in 2015 when the United Kingdom tried to join the Asian Infrastructure Investment Bank, a China-initiated multilateral financial institution, and said

it was only when all other European countries signed up for it that those concerns began to dissipate.

“I expect the same thing to happen now (about the BRI),” he said.

Sun Zhaolong, a researcher at the Academy of Contemporary China and World Stud

ies, wrote in an article that Italy’s involvement in the BRI will play an exemplary role in attracting more cou

ntries to the platform for international cooperation while allaying concerns of some countries over the initiative.

Former Italian Prime Minister Romano Prodi also said in an interview with China N

ews Service that Italy could be a protagonist in Belt and Road cooperation with China.

During their talks, Xi and Conte also agreed that the two countries should jointly up

hold multilateralism, promote free trade and cement ties between China and the European Union.

www.qianpadaf.com

Charles is an artist and an academic. He is someone who I thi

 both of our country should be very proud to have a friend, a representative like him,” he said.

 

At present, there are more than 800 13- 18-year-old students at the S

chool, including nearly 60 Chinese students, most of whom are from Hong Kong.

Uppingham school was founded in 1584. The famous British educator Edward Thri

ng (1821-87) used to be its headmaster and took the lead in proposing the concept of “all-around education”.

Thring opened the first school gymnasium in England, introduced wood and metal workshops, and prov

ided a swimming pool. In academic matters he stressed sound training in mathematics, the classics, and music. In 1869 he foun

ded the Headmasters’ Conference, an organization that had a great influence in English school education.

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