Much work’ awaits new Sino-US trade talksnited Stat

hina and the United States will hold their eighth round of high-level economic and trade cons

ultations in Beijing on Friday, with “much work” remaining to be done, the Ministry of Commerce said.

Ministry spokesman Gao Feng said on Thursday that the two nations have made some progre

ss through recent phone discussions between Vice-Premier Liu He and US Trade Representative Robert Ligh

thizer and Treasury Secretary Steven Mnuchin. “But there remains much work to be done,” he said.

To iron out differences over certain economic and trade issues, China and the US have b

een intensifying their consultations. Next week, Liu will visit Washington for the ninth round of talks.

Negotiators from both sides are striving to implement consensuses reached betw

een the countries’ leaders in December, Gao said at a regular news conference.

www.improvecfan.cn

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

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.

shlf21.com

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.

shlf15.com

In agreeing to the postponement, European leaders

 hoped Britain’s deadlocked politicians would find a solution to the crisis. But the EU isn’t counting on it. The European Comm

ission said Monday it had completed planning for a no-deal Brexit, calling that outcome “increasingly likely.”

The EU said its members would be able to cope with a no-deal departure, although more remained to be done on ensuring an open border betwee

n EU member Ireland and the UK’s Northern Ireland — something both sides have agreed to. Checkpoints there were a soaurce of tensi

on and a target during the decades of sectarian violence before Northern Ireland’s 1998 peace accord.

An EU official said the bloc was in “in intense discussions with the Irish authorities about these matters.”

May stands little chance of getting the deal she struck with the EU approved unless she can win over Brexit-backing lawmakers in her Conservative Party and its Nor

thern Irish ally, the Democratic Unionist Party. The DUP said Monday that the party’s “position remains unchanged.”

qianpadae.com

It is not the first time in our European history to have suc

 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 also

said the dialogue between France and China could be very useful in forming a new vision for multilateralism in a changing world.

In addition to strong existing collaboration between France and China, including in the automotive, aviation and healthcare sectors, Raffarin said the most

important thing for the future of Sino-French relations is to identify third-country projects, such as the Hinkley Point C nu

clear power plant in the United Kingdom, which is jointly financed by China and France, as well as opportunities in Africa.

qianpadag.com

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.”

www.qianpadcl.com

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.

qianpadcl.com

France pays high attention to the Belt and Road Initiative

regards China as an important strategic cooperation partner, and appreciates China’s im

portant role in and contribution to climate change and other international affairs, Macron said.

The French president pledged to further strengthen strategic communication and collaboration

with China, and bring into full play the leading role of the France-China comprehensive strategic part

nership, so as to jointly safeguard multilateralism and promote world peace and prosperity.

France is the last leg of Xi’s three-nation Europe tour that has taken him to Italy and Monaco.

his year marks the 40th anniversary of the Joint Communiqué on the Estab

lishment of Diplomatic Relations signed by Beijing and Washington that acknowledges t

here is only one China and Taiwan is part of China. It is also the 40th anniversary of the Taiwan Relations Act the US Congress passed to permit u

nofficial relations with Taipei to continue and the US to sell arms and military equipment to the island.

For 40 years, US administrations have frequently used the Act as a political card to influence Sino-US ties and interfere in China’s internal aff

airs, as well as to provide “spiritual” support for the island authorities that seek “security” guarantees from the US.

gzbbbbb.com

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