Month: March 2019

The draft amendment to the patent law has been sub

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 and investors, making it an effective way to protect the legal rights of foreign companies, he said.

China will not resort to massive economic stimulus to boost

growth, but will continue to open up and innovate to energize market players, Li said.

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On Sunday, the US sent the Navy’s guided-missile destroy

Curtis Wilbur and Coast Guard’s cutter Bertholf through the Taiwan Straits. On March 13, t

wo US B-52H bombers flew near Chinese islands in the South China Sea for the second time this month.

Wu said China resolutely opposes the “provocative actions” by the

US warplanes, and will continue to take necessary actions to safeguard national sec

urity. “The facts have shown that the US is the one militarizing the South China Sea,” he said.

Regarding the US military’s recent interactions with its Taiwan counterpart, Wu said China resolutely opposes any milit

ary interaction between the two sides, whether it involves arms sales to Taiwan or official military exchanges.

“The Taiwan question is a domestic matter for China, and it is related to China’s core interests and the feelings of the Chi

nese people. It cannot be interfered with by outside forces,” Wu said, adding that the one-China policy is a reco

gnized consensus in international relations, and the political basis for Sino-US relations.

“Any attempt to undermine this principle is no different than trying to shake the foundatio

n of Sino-US ties. This does not fit with the basic interests of either nation, and it is very dangerous,” he said.

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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.

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ao poses with a dog at her brick-and-mortar store in Chen

Zeng Niaoniao, a qipao designer in the post-95s generation, started her business when she was a sophomore in 2015, and now runs stores both online and off.

Last year, the turnover from her online store reached 12 million yuan ($1.78 million)

The 24-year-old designer has a track record on improving qipao, displaying her work at the 2018 Shan

g Fashion Week and attracting Chinese pop idol Yang Chaoyue to wear her design for an advertising photoshoot.

Zeng said her wish was to see people wearing her designs to stroll around town, and sh

e wanted to bring more improveqipao with new designs to young Chinese girls.

May’s offer to quit fails to break Britain’s Brexit stalemate

LONDON – British Prime Minister Theresa May failed to sway hardline opponents of her European Union divorce de

al on Wednesday with an offer to quit, but parliament’s bid to agree an alternative fell short, leaving the Brexit process as deadlocked as ever.

May told her Conservative lawmakers she would step down if her Brexit deal was finally passe

d by parliament at the third attempt, in a last-ditch bid to win over many of her party’s eurosceptic rebels.

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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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Wang hailed Italian government’s forethought and pragmatis

gmatism over its decision of endorsing the Belt and Road Initiative (BRI), saying Xi and Mattarella agreed

that China and Italy, which are at the two ends of the ancient Silk Road, are natural partners in constructing the Belt and Road.

Conte, according to Wang, said the BRI will bring great opportunities to Italy. He also agre

ed to attend the second Belt and Road Forum for International Cooperation to be held in Beijing next month.

France is one of the earliest European countries that have expressed the willingness to take pa

rt in the BRI cooperation. During Xi’s visit to France, the two countries signed agreements on the third round of the BRI-related dem

onstration projects in third-party markets and kicked off a third-party market fund, Wang said.

At the closing session of a global governance forum co-hosted by China and France, Macron

said the BRI is significant and can play an important role in world peace, stability and development, adding that the EU could align

its development strategy with the BRI in an innovative way and jointly promote Eurasian connectivity.

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Following his visits to Spain and Portugal in late 2018, Xi

came to Europe again in his first overseas trip this year, manifesting the great importance China attaches to Europe, Wang said.

In a world of unprecedented transformations, Xi noted that a stable, strategic and reciprocal China-EU relationship is urgently needed.

Wang said during his visit, Xi had in-depth communication with the European leaders to discuss cooperation in internation

al issues and reached important consensus of adhering to multilateralism, and discarding isolationism and unilateral moves.

He also said Xi and the European leaders agreed to enhance coordination and cooperation wit

hin the UN system, give full play to the constructive role of global and regional multilateral mechanisms s

uch as the World Trade Organization, the International Monetary Fund, the World Bank, and Group of 20 and the EU, and

actively contribute to solving international conflicts, combating climate change and promoting sustainable development.

In his keynote speech at the global governance forum, Xi raised “four deficits” in global affairs including governance deficit, tru

st deficit, peace deficit and development deficit. To address these deficits, he proposed a four-pronged approach of fairness and reas

onableness, consultation and understanding, joint efforts and mutual assistance and mutual benefit and win-win results.

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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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Livestreaming to vitalize cross-border e-commerce

Zhang Ying, 32, a white-collar worker in Beijing, is a jewelry lover. She prefers watching lives

treaming videos via some cross-border e-commerce platforms to buy foreign products in her spare time.

“Pictorial representations are not exactly the right way to purchase commodities online, I had som

e problems as the products did not match up to the expectations promised on the onlaine platform advertisements.”

Zhang said daigou (overseas shoppers who buy foreign products for customers on the Chinese mainland) can dem

onstrate details of products like jewelry in accordance with what the buyer wants through the livestreaming method.

“I can take a good look at the design, material, color, size and even every angle of the jewelry. It feels like that I can pick out the

products on my own. After comparing various necklaces and bracelets, I can decide which one fits me the best.”

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Zhang added the overseas buyers have professional know

ledge of jewelry and the history of the brands. She has placed many orders after watching these livestreaming videos.

Zhang is among the growing consumers who are willing to accept new things, learn about

overseas brands, cultures and lifestyle as well as make friends with overseas shoppers who share the same interests.

Online shopping via livestreaming videos is gaining traction among the post-80s and post-90s generatio

n consumers, who have increasing demands for premium brands and high-quality imported products amid consumption upgrade.

Statistics from Chinese cross-border e-commerce platform Ymatou showed that nearly 32 perc

ent of users buy products through livestreaming videos, and the post-80s and post-90s generation consumers, who tend to buy medieval peri

od jewelry, clothing and bags by watching livestreaming videos, have become the main force of overseas online shopping.

In the meantime, the post-2000 generation prefers to buy fashion brands, beauty makeup products, with high repurchasing rates.

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