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addressed are the issues that the business community is concerned about”.
“It is excellent that President Xi recognized some problems,” especially those associated with its Belt and Road Initi
ative, such as transparency and corruption, said Craig Allen, president of the US-China Business Council.
Experts also were interested in how the reform policies and laws would be implemented, something Xi addressed in his speech.
“People are very positive about the direction, but they need to
know the details” of how the promises would be delivered, Overholt said.
Xi, citing the old Chinese saying “honoring a promise carries the weight of gold”, pledged to install a binding mec
hanism for international agreements, to make sure governments at all levels operate in well-regulated wa
ys, and to update laws and regulations to abolish unjustified practices, keeping in line with the needs of opening-up.
ancing needs, sustainable development and debt sustainability, according to Finance Minister Liu Kun.
“We will build a high-standard and high-quality financing system to s
upport long-term and sustainable BRI investment while preventing debt risks,” Liu said.
He suggested promoting financing cooperation for projects in
third-party countries, equity investment and attracting more private funding.
Enhancing debt and risk management is a key consideration for deepening BRI financi
ng cooperation, said Yi Gang, governor of the People’s Bank of China, the central bank.
“The debt issue in developing countries should be treated objective
ly. If debt growth is accompanied by infrastructure improvement, enhancement of people’s liveliho
ods and productivity and poverty reduction, it will be beneficial for the sustainability of long-term debt,” Yi said.
car sales and expand the supply of automobiles as part of its latest efforts to boost auto consum
ption, Gao Feng, the spokesperson for the Ministry of Commerce, said at a press conference early this month.
By the end of 2018, China’s six cities namely Beijing, Shanghai, Shenzhen, Guangzhou, Hangzhou and Tianijin carried
out the purchase restriction of fuel-powered passenger cars, said Shao Jiang, an analyst at Everbright Securities. “If thes
e cities double their rising number of new cars, it could bring a 2.8 percent year-on-year growth for the wh
ole passenger car market.”Editor’s Note: The eight explosions in Sri Lanka on Easter Sunday have claimed more tha
n 300 lives and left over 500 people injured. A ninth explosion was reported on Monday near a church in Colombo, but n
one was reported killed or injured. The Islamic State reportedly claimed responsibility for the bombings on Tue
sday. Two experts share their views on the attacks with China Daily’s Liu Jianna. Excerpts follow
comes in time because, if passed, it will provide better regulations of the gene-editing activities over embryos.
Besides, the draft law did not list clearly the definition of gene-edited em
bryos. Technically speaking, if a fertilized egg is genetically edited and grows into an embr
yo, the total process should be considered gene-editing of embryo and put under the regulation of the law.
Zhang Dake, an associate researcher at Beijing Institute of Genomics, Chinese Academy of Sciences
In the past, “health rights” mainly referred to the right to stay healthy and free from injuries. T
he draft amendment this time follows the latest progresses in genetic technologies by extending its defin
ition to cover genetic resources, and will be a guiding principle for relevant disputes in the future.
More importantly, the civil code is a guiding law for all laws in the ci
vil sector. If the draft amendment passes, more related laws, regulations as well as sta
ndards will be amended or drafted in the future, which is a major progress in legislation.
window to Viennese social traditions, classical music, and Austrian culture.
While recommending three must-see Austrian cities for first-time visitors, ambass
ador Stift gave a surprising answer. While well-known cities like capital Vienna with its iconic concert hall, Mus
ikverein, and Salzburg , once home to Mozart, both make the cut, that doesn’t tell the full story.
Brice Péan, who studied at ski resort Innsbruck, showed his know
ledge of China, mentioning Hallstatt, a small Austrian town modeled on a Chi
nese housing development, as an increasingly popular destination for Chinese tourists.
Consider this video a warm-up for tonight’s ball. If you can’t ma
ke it, stay with China Daily’s app and you’ll have a chance to win a guest gift bag.
We’re sending 10 of these gift bags to readers in our next episode. Stay tuned.