US states continue to value trade relations with China, despite ongoing tensions at the i
nternational level, and they hope tensions will be resolved through negotiations.
“I’m very optimistic on the China-US trade relationship,” Cyrus Habib, lieutenant governor of Washington, said in an inter
view with China Daily as he was attending the Fifth China-US Governors Forum in Lexington, Kentucky, last week.
China is the state of Washington’s top trading partner, with more than 20 percent of the state’s expor
ts going to China, and around 30 percent of its imports came from China in 2018, according to the US Census Bureau.
“It’s truly something that touches every part of our state,” said Habib. “And that went from the i
nformation communication technology sector and manufacturing sector all the way to the agricultural industry and tourism.”
President Xi Jinping will deliver a keynote speech at the opening ceremony of the Conferen
ce on Dialogue of Asian Civilizations to be held on May 15 in Beijing, a senior official said Thursday.
Xu Lin, deputy head of the Publicity Department of the Communist Party of China Cen
tral Committee and director of the State Council Information Office, made the announcement at a press conference.
Under the theme of “exchanges and mutual learning among Asian civilizations and a community with a shared futu
re,” the conference includes an opening ceremony and sub-forums, said Xu, also vice president of the event’s executive committee.
More than 2,000 government officials and representatives of various circles from 47 Asia
n countries and other countries outside the region will attend the opening ceremony and forums, said Xu.
A grand Asian culture carnival, an Asian civilization week, and an Asian food festival will also be held during the event.
when the late Qing Dynasty residence of Wu Lu, the province’s last zhuangyuan (top scorer on imperial examinations), was damaged.
Fire this year also destroyed a bridge dating from four centuries ago in Nanping, Fuji
an, a Qing Dynasty residence in Wenzhou, Zhejiang, and an office structure from the 1930s in Fuzhou, Jiangxi.
The operators of the sites hit by fire will be responsible for the dam
age, said the heritage administration. “Electrical faults and loose supervision over the use of fire
during renovation are the main reasons” for the damage, the administration’s statement said.
Though the fire at Notre Dame is under investigation, Frenc
h officials said they suspect its source might have been related to restoration work on the cathedral.
ival, Tomb-sweeping Day, May Day and Dragon Boat Festival, all saw a marked increase in the number of domestic tourists.
During the three-day Tomb-sweeping Day holiday that ende
d on April 7, the number of domestic tourists reached 112 million, a 10.9 increase year-on-year.
Apart from sightseeing, more Chinese tourists now opt to exp
erience the cultural essence of their destinations by visiting local museums.
Over the past three years, visitors to Chinese museums have been growing by about 100 mi
llion each year, Liu Yuzhu, head of the National Cultural Heritage Administration, told reporters earlier this year.
During the week-long Spring Festival Holiday in 2019, more than 40 percent of the 415 milli
on domestic tourists visited museums, a report from the China Tourism Academy showed.
unei’s history, will become the country’s longest sea-crossing bridge with a total length of about 30 km. It is scheduled to open to traffic by the end of November 2019.
The CC4 section of the bridge is constructed by China State Construction Engineering C
orp. At around 11.6 km of the 11.8 km-long section will be a land viaduct traversing the mangrove swamp of the
Labu Forest Reserve, the company has established a set of strict safety and green construction evaluation systems to mee
t the high demand for environmental protection and cope with unprecedented difficulty in construction.
The Padma Bridge, 25 meters in width and 10 km in length, will
be built over the Padma River, one of the three major rivers in Bangladesh.
In June 2016, China Railway Major Bridge Engineering Group Co Ltd was awar
ded a $1.55-billion contract by the Bangladeshi government to build the core structure of the bridge.
The bridge is the country’s largest infrastructure project, as wel
l as the largest foreign bridge project undertaken by Chinese companies in terms of total cost.
Once completed, travel time between the capital, Dhaka, and the southern city of Khulna will be shortened to about three hours from 13 hours.
tion with China on jointly building the Belt and Road, She said.
Noting that the history of Italy-China exchanges for the past 50 years has been a history of dia
logue and friendship, the speaker said the Italian Senate is willing to facilitate exchanges between the two cou
ntries’ legislative institutions, and continue to make contributions to deepening Italy-China friendly cooperation.
Xi arrived in Rome Thursday for a state visit to Italy, the first stop of his three-nation Europe tour, which will also take him to Monaco and France.
hinese authorities have unveiled detailed measures to implement valu
e-added tax reform, a key step to boost market vitality and stabilize economic growth.
Starting April 1 this year, the 16 percent VAT rate that applies to manufa
cturing and other sectors will be lowered to 13 percent, while the rate for construction, tran
sport and other sectors will be reduced from 10 percent to 9 percent, said a joint statement released on Th
ursday by the Ministry of Finance, State Taxation Administration and the General Administration of Customs.
systemic financial risks, are the fundamental tasks of financial work, calling for accelerated construction of the fina
ncial market infrastructure and advanced efforts to nationalize key information infrastructure in the sector.
He also urged solid statistics in the financial sector and improvement in the warning system and rules on information disclosure and management.
Education and supervision of senior officials of financial institutions and regulators sh
ould be enhanced, and more should be done to fight corruption in the financial sector, Xi said.
He called for dynamic supervision of domestic and cross-border capital flow to enable financial watchdogs to fully monitor all flows.
Xi said tasks for the reform and opening-up of the financial sector should be well implem
ented, calling for the preparation and the rolling-out of new reform and opening-up measures based on
the latest development of global economy and finance as well as the strategic needs of China.
Reforms including revamps on market access system and trading regulations should be deepened, and regulators should take a two-pronged appr
oach of enforcing both macro-prudential management and micromanagement of behaviors, he said.
He said those causing major financial risks due to their breaches such as lax regula
tion, cover-ups or decision-making failures must be held accountable and face serious punishment.
Efforts should be made to address the current situation where the costs of legal and
regulatory breaches in the financial sector, especially capital markets, are too low, Xi said.
Xi urged enhancing the global competitiveness of China’s financial sector, elevating the two-way opening-up to a highe
r level and beefing up capabilities of financial management and risk prevention and control amid greater opening-up.