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dialogues based on harmony in diversity and inclusiveness. We need to undertake the cultural responsibility of inter
national communicators, and let exchanges of culture and among civilizations, as well as mutual learning, co
nstantly serve as bridges for people’s friendship, the impetus of international cooperation and bond of world peace.
Second, we should become builders of world peace and development. The wheel of humanities’ de
velopment is unstoppable. Peace, reconciliation and harmony are historical trends. Equality, mut
ual trust and win-win cooperation are historical necessities. Yet, as international conventions are attacked an
d multilateral mechanisms are challenged, the anti-globalization tendency rises, and unilateralism and tra
de protectionism are becoming increasingly fierce. We must adamantly safeguard the contemporary interna
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.
The People’s Bank of China (PBOC), the central bank, has upgra
ese currency, and on Monday announced the issuing of the new batch from Aug 30.
The new issuance will include notes with a face value of 50 y
uan ($7), 20 yuan, 10 yuan and one yuan, and coins valued one yuan, 50 fen and 10 fen.
Compared with the current series in circulation, the new batch will see brighte
r colors and adjusted patterns with enhanced anti-conterfeiting feature, a PBOC official said.
The five-yuan note will not be in the upcoming issuance as new technologies on the note are still under testing. The 100-y
uan note was issued in November 2015, which has shown improved anti-conterfeiting capability, said the PBOC source.
ranking in fourth place following Samsung, Google’s parent Alphabet and Amazon. Data als
o showed the company took 14 percent of its annual sales on research last year, the second-highest after Alphabet.
Huawei’s R&D spending totaled 480 billion yuan ($71.3 billion) over the past 10 years, ac
cording to its annual report. Besides, the tech behemoth achieved 721.2 billion yuan in global sales in 2018, a 19.5
percent increase year-on-year, and net profit reached 59.3 billion yuan, up 25.1 percent compared with a year earlier.
Smartphone sales from the company gained 348.9 billion yuan las
t year, a 45.1 percent rise year-on-year accounting for 48.4 percent of total revenue.
As of April 15, Huawei has secured 40 commercial contracts for 5G equipment and shi
pped over 70,000 5G base stations, the company announced at its annual Global Analyst Summit.
reforms to foster an investor-friendly legal system, represented by strengthened information disclosure, prot
ection of investors’ rights and interests, and crackdown on legal breaches, Liu said.
China must promote the healthy development of the capital m
arket through key institutional innovations, the Political Bureau of the Communist Part
y of China Central Committee, the Party’s core leadership, said a statement released after a meeting on Friday.
Dong said the revised law is likely to be adopted by the end of the first half of the ye
ar, adding it is imperative and possible to expedite rolling out the revised version.
“Previously, controversies over the registration-based IPO system reform ha
ve prolonged the revision process, but now this factor has been largely lifted,” he said.
“As foreign investors are set to play a bigger role in China’s capital
market development, the revised law should also consider clarifying the rights and oblig
ations of overseas investors, to help them form a stable policy expectation,” said Xue Yi, an associate p
The Xiongan New Area in north China have completed an afforestation project of more tha
n 1,400 hectares with several green belts built this spring, the Hebei provincial forestry and grassland bureau said Sunday.
By the end of March 29, Xiongan had planted trees covering an area of 1,466.7 hectares.
In 2018, Xiongan New Area afforested a total of 7,333 hectares, increasing the area’ forest coverage by 6 percent.
In January, China’s central authorities approved the 2018-2035 master plan for Xiongan. According to the plan, which str
esses high-quality development, Xiongan will become a modern city that is green, intell
igent and livable with “relatively strong competitiveness and human-environment harmony by 2035.”
Hebei will beef up afforestation programs. A total of 513,333 hec
tares of forest will be added in the province in 2019, increasing the forest coverage to 35 percent.
The province began a three-year afforestation campaign in 2018, planting more trees to build a “green wall” for Beijing.