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That is something we need in the moment of the 21st century,”

Solana hailed the development of relations between China and the Europea

n Union, saying they could work together to uphold the existing international system.

“I think cooperation between China and the European Union is very impor

tant. And fortunately, that relationship now is in a good direction,” said Solana, who se

rved as the EU’s high representative for common foreign and security policy between 1999 and 2009.

He expected China to play a bigger role in the upcoming Group of 20 summit in Osa

ka, Japan, saying that leaders of major powers should sit down and have productive talks.

He hailed the Belt and Road Initiative, and said it is a good platform for international cooperation.

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China has to walk a fine balance between local govern

nment debt management and stable economic growth, especially at a time when trade te

nsions with the United States have imposed more downward pressure, said economists.

More financial resources and investors will be involved in the debt resolution process, said Qiao Baoyun, head of the Acad

emy of Public Finance and Public Policy at the Central University of Finance and Economics.

The last round of local government debt swaps started in 2015 and ended in August 2018, w

hich saw 14.34 trillion yuan ($2.08 trillion) of local government debt being swapped into bonds.

Local governments are set to face more debt burden in the next three ye

ars, as many of the previously issued bonds are set to expire, income from land sales has

7893391.cn

Trade agreements can affect the types of goods being

traded and they can redirect trade toward one country, away

from others. They cannot directly affect any country’s worldwide current account balance. A count

ry that saves less than it invests will have to borrow foreign funds to import foreign goods to make up that difference.

There are two ways to reduce the US trade deficit. A serious recession would reduce investme

nt, but nobody advocates that as a strategy. The only other path is to change the US financial and gove

rnment system to encourage increased savings. China has almost nothing to do with it.

Ironically, the disputes between the US and China center around both nations’ legitimate desires to

protect some current low-skilled jobs, or at least to allow an easier transition to new jobs and industries.

US administration’s economic policy has rightly focused on the need to

retain jobs for working-class people in the US. And, China’s companies that export to the U

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In the years since, the country has continued to maint

tain a breakneck pace of economic development, which has brought booming economic prosperity.

Unfortunately, it has also brought a deteriorating environment. Seeing heavy smog, for ex

ample, many people feel that a worsening environment will destroy the happiness brought by economic growth.

Since 2012, the new leadership under President Xi Jinping has put forward a series of ecol

ogical ideas. On Sunday, Xi said at the opening ceremony of the exhibition that “green mountains and cle

ar waters are indeed mountains of gold and silver, and environmental improvement means great productivity”.

This idea, dubbed the theory of two mountains, enjoys immense popular support in China.

Xi, who is also general secretary of the Central Committee of the Communist Party o

f China, urged officials at all levels never to sacrifice the environment for economic growth.

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Chris Rowley, a visiting professor from Oxford Unive

rsity’s Kellogg College in England, called opening to more foreign investment a very important development.

“Of course this will expose both inward investors and indigenous organiza

tions to some stark differences in management and doing business between them, which in tu

rn requires more globally effective leaders who are less ethnocentric and more culturally aware,” he said.

Sikhumbuzo Zondi, a research assistant at the Institute for Global

Dialogue associated with the University of South Africa, said another important aspect of Xi’s

opening address was the desire to invest more resources in scientific innovation and technology.

The aim is to develop technologies and business models that will foster new growth an

d development. To do this, China is committed to spearheading the Belt and Road Science, Technology and In

novation Cooperation Action Plan to advance information and communications technology infras

tructure development with the aim of improving internet connectivity and security, Zondi said.

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Last year, we issued an announcement offering op

portunities for all UN member states to propose experiments they want to conduct using China’s space station,” said Simone

tta Di Pippo, director of the UNOOSA. “We have received more than 40 proposals before the deadline for sub

mission. We will announce the winners probably by the end of June after evaluation.” Di Pippo said these on the sideli

nes of the fourth China Space Day on April 24 to mark the anniversary of the country’s first satellite launch in 1970.

Moreover, Pakistan intends to send one of their astronauts to China’s space station by 2022, A

mer Nadeem, chairman of Space and Upper Atmosphere Research Commission in Pakistan, said after

the opening ceremony of China Space Day in Changsha, Hunan province, on Wednesday.

“Hopefully, the agreement on the matter will be signed very soon. We will select the candidates based on the agreement. Also, they

will come to China for some parts of the training,” Nadeem said. He added that Pakistan and China will furth

er enhance cooperation on several space projects focusing on satellite networks in future.

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NPC reviews Securities Law amendmentdamental law governin

Country may soon adopt revision to pave way for capital market reform

The top legislature deliberated on the draft revision of the Securities Law over the weeke

nd, signaling China may soon adopt the revision to pave the way for key capital market reforms, experts said.

On Saturday, the draft revision was submitted to a bimonthly s

ession of the Standing Committee of the National People’s Congress for a third reading, Xinh

ua News Agency reported. The session began on Saturday and continues through Tuesday.

Revision of the fundamental law governing the capital market h

as lasted for six years, with 2015 and 2017 having seen readings of two draft versions.

“The latest draft version is of great importance because it will provide legal grounds for the registration-based initial pub

lic offering system-a key reform that China’s capital market has been awaiting for years,” said Dong Dengxin, director of th

e Finance and Securities Institute at Wuhan University of Science and Technology.

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When he took up residence inside the Ecuadorian Em

mbassy in 2012, it was to avoid answering the sexual allegations against him in Sweden, which had sought his extraditi

on for questioning. He also sought refuge because of fears he would ultimately be extradited to the US

Swedish prosecutors opened an investigation into Assange af

ter two women accused him of sexual offenses during a 2010 visit to Sweden.

Some of the sexual misconduct accusations are no longer viable because their time ran out. But Swedish prosecutors

have said a rape case could be reactivated before the statute of limitations ends in August 2020.

After Assange’s arrest, Swedish prosecutor Eva-Marie Persson was tapped to look

into a request from a lawyer for one of the accusers to find out whether the case can be pursued.

Elisabeth Massi Fritz, the lawyer for the woman who reported bei

ng raped by Assange, told The Associated Press that she w

ould “do everything” to have the Swedish case reopened so Assange can be extradited to Sweden and prosecuted.

blghuafenchi.cn

May asks for Brexit extension to June 30; EU could of

British Prime Minister Theresa May wrote to Brussels on Friday asking for a delay of Brexit until up to June 30, while saying she

aims to get Britain out of the EU earlier to avoid it participating in European elections.

But Donald Tusk, who chairs EU summits, has proposed a longer Brexit postpone

ment of one year for Britain‘s feuding politicians to agree and ratify a plan, EU officials said.

Any such extension would still require unanimous approval of the other 27 EU countrie

s and some, notably France, suggested they wanted a better justification from London for its request.

Britain is now due to leave the EU in a week, but May has been forced to seek mo

re time after Britain’s parliament repeatedly rejected her withdrawal agreement.

Her Conservative Party is deeply divided, as is the main opposition Labou

r Party, leading to a bewildering marathon of inconclusive votes in parliament that stretch

ed Britain’s centuries-old unwritten constitution to its limits. Scenarios running the gamut from aba

ndoning the EU abruptly with no deal to cancelling Brexit altogether have all gone down to defeat.

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Information from Norinco says the gun has a firing ran

 of 8 kilometers, and each of its shells can scatter dry extinguishing agents over about 20 squa

re meters. The gun features high mobility and accuracy, and is suitable for suppressing big fires, it said.

This is not the first time Norinco, the country’s largest arms producer for land weapons, has enter

ed the realm of firefighting. Before the gun, the company had developed and sold a series of firefighting tanks.

With the chassis and armor of a combat tank, the vehicles can protect crew members from fire, explosions and bui

lding collapses, and can cross half-meter-high obstacles or 2-meter-wide trenches. They have automatic spray dev

ices and fireproof coatings that can keep scorching heat out of the vehicles’ interiors.

The tanks can get closer to the scene than a fire engine for search-and-rescue missions, Norinco said.

Using 520-horsepower diesel engines and equipped with hydraulic devices

, the tanks can clear away obstacles weighing up to 15 metric tons. Their metal tracks allo

w them to operate on slopes, in rocky terrain and in the debris of collapsed buildings.

www.lgcrm.cn

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