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ciple. So every country has important principles, and we absolutely c
annot make concessions on such issues of principle,” the vice-premier said.
Liu, however, added that he hoped both sides would exhibit flexibility in the talks.
He refuted the criticism of the US side that China reneged on its promises in the draft trade text.
“We believe that it is only natural to have changes before a final deal; it is something that surely occurs in the process, so we
don’t think the Chinese side has back-walked,” he said, adding that he disagreed with the wording of “renege”.
“We just had differing views on how to phrase some things in t
he text, and we hope to resolve it, so it’s unnecessary to overreact to the issue,” he said.
ization reforms and enhance communication with member countries and regions to deal with trade issues. That will stre
ngthen the WTO and jointly maintain free trade and the multilateral trade system, he said.a
Beijing International Horticultural Exhibition welcomed its first tourist peak by serv
ing more than 320,000 tourists during the four-day May Day holiday, the organizer said Saturday.
Lei Lei, an official with the organizing committee, said the Chinese Pavilion, the Inte
rnational Pavilion, the Life Experience Pavilion, the Botany Pavilion and the Gui
Some 132 activities, including float parades, world ethnic and folk cultural perform
ances, and culture and art carnivals staged by central and eastern European countries, were held during the holiday.
With the theme of “Live Green, Live Better,” the expo opened to the public on M
onday at the foot of the Great Wall in the capital’s Yanqing District and will last until Oct 7.
rui Theater were among the most popular destinations, which h
ave received a total of over 734,000 visitors during the holiday.
Xi reviewed 18 vessels from 13 countries invited to participate in a naval parade on Tuesday afternoon.
The foreign vessels in the waters off eastern China’s coastal city of Qingdao saluted
Xi, who was on board the destroyer Xining, in their traditional manners as they passed by.
The vessels whistled and officers and soldiers stood in a ceremonial formation, saluting Xi as they passed by.
“Salute to you, comrades,” Xi called out to the officers and soldiers.
“Hail to you, chairman,” they replied.
Xi alternated the greeting with “Comrades, thanks f
or your hard work,” to which the officers and soldiers replied “Serve the peop
urn the salute, and Xi waved to the naval officers and soldiers aboard the vessels
i onboard the destroyer Xining gave an order to commence the naval parade on the sea off Qingdao at about 2:30 pm Tuesday.
A total of 32 vessels of the People’s Liberation Army Navy sailed in six groups, and 39 warplanes of the navy flew in ten echelons.
Under a pilot scheme, the first group of six provinces and cities sold 6.8 billion yuan in bonds
at commercial bank counters to individual buyers between March 22 and early April.
The coupon rates are between 3.01 percent and 3.33 percent, higher than treasury b
onds issued by the central government as well as bank deposits with the same maturity.
Gross local bond issuances hit 1.18 trillion yuan in the first qua
rter, compared with only 219.5 billion yuan in the same period last year.
The total quota for 2019 local government bond issuances is 3.08 trillion yuan, according to the Ministry of Finance.
“About 60 percent of the bonds were issued for ongoing construction, especially
for shantytown renovation projects, railways and roads,” said Hao Lei, head of the ministry’s Budget Department.
While debt financing continues to grow, the government is experiencing sharp declin
es in fiscal revenue growth, especially from tax and land sales, official data showed.