Govt should accelerate tax cuts to invigorate economy, premi

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Premier Li Keqiang urged government departments to speed up the implementation

of tax reductions to invigorate the country’s economy, amid rising uncertainties about growth on Friday.

Li was speaking with entrepreneurs from the manufacturi

ng, construction and service sectors at the Zhongnanhai leadership compound in Beijing.

The businesspeople said they have received benefits from the tax reduction measu

res in the past months, after the measures were introduced by Li in the Government Work Report in March. They

also offered advice on how to further ease the tax burden on businesses.

After hearing their opinions, Li called tax reduction a great decision made by the Communist Party of China Central Comm

ittee and the State Council. It has boosted market confidence in outstanding ways and promoted the stable

growth of the economy, he said, adding that the positive factors for economic growth are increasing.

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This is a predicament for soy growers,” American

American Soybean Association President Davie Stephens said on Tuesday.

President Donald Trump threatened in a tweet on Sunday to increase tariffs.

Stephens, a grower from Clinton, Kentucky, said that US farmers are in a tough situation, and with depressed prices

and unsold stocks forecast to double before the 2019 harvest begins in September, farmers urgently need the China market.

“We need a positive resolution of this ongoing tariff dispute, not further escalation of tensions,” he said in a release posted on the ASA web site.

Nicole Kaeding, vice-president of federal and special projects at the Washington-based Tax Foun

dation, said that if the Trump administration follows through on the president’s threat, it’s US taxp

ayers, not Chinese taxpayers, who will pay the price — thanks to higher prices and fewer job opportunities.

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NTSB team has expertise in aircraft operations, structure

powerplants, human performance, weather, airports and other ar

eas,” the agency said, adding that it expects to brief the media later in the day.

The plane, chartered from Miami Air International, was attemp

ting to land at about 9:40 pm local time amid thunder and lightning when it slid off the runway and

came to rest in the shallow water of the river, authorities and passengers said.

The military base is on the western bank of the St. Johns River about 8

miles (12.87 km) south of central Jacksonville, about 350 miles (563.27 km) north of Miami.

Miami Air International is a charter airline operating a fleet of the Boeing 737-800, diffe

rent from the 737 MAX 8 aircraft that has been grounded following two fatal crashes involving that plane.

Representatives of the airline did not immediately reply to requests for comment.

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We should extract the essence of Chinese tradition

l culture, which has contemporary value and relevance to the modern wor

 

ld, and show it. In this way we can on the one hand tell the world how and why China is wh

at it is, and on the other have Chinese and other civilizations create benefits for mankind.

It is hoped that the Conference on Dialogue of Asi

Many pets entering China will now be subject to streamlined customs clearance procedures.

As of Wednesday this week, dogs or cats from designated countries or regi

ons that carry valid electronic chips and pass on-site inspection will no longer be subject to

extended quarantine, under the latest regulations issued by the General Administration of Customs.

Designated countries or regions include New Zealand, Australia, Fiji, French Polynesia, Haw

aii and Guam of the United States, Jamaica, Iceland, the United Kingdom, Ireland, Liechtenstein, C

yprus, Portugal, Sweden, Switzerland, Japan and Singapore, as well as from Hong Kong or Macao.

an Civilizations will make fresh contributions to the construction of the community of shared future for mankind.

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Those businesses have become the first beneficiaries in

China’s new round of opening-up, Xi said, adding that Switzerland

has also led European Union nations by signing a free-trade agreement with China.

He called upon both sides to give play to the opening-up spirit, which features cooperation and win-win outcomes.

He also pledged that China will continue to create an open and fair b

usiness environment for foreign enterprises, including those from Switzerland.

Maurer said both the Chinese and the Swiss are endowed with a hardworking, reliable and innovative character.

He said Switzerland welcomes investment from Chinese businesses and will not im

pose restrictions. Switzerland is ready to enhance exchanges with China in winter sports, he added.

Maurer also said he is greatly in agreement with speeches de

livered by Xi during the Second Belt and Road Forum for International Cooperation.

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Since clinical trials are a key part of development, a ne

 rule has been added stating that such tests should also follow ethical pri

nciples. It also clarified the responsibilities of the ethics review board.

Researchers should also explain the risks of an experiment to test participants and obtain their consent before proceeding.

The draft laws are the latest by Chinese authorities to encourage responsible research practices and increase the effe

ctiveness of the nation’s oversight in scientific research, especially those related to humans.

Experts said the regulations have been long-awaited in the scienti

fic community, and they are curious to see future details and its effects on their research.

Huang Yu, deputy director of the medical genetics department at Peking University, said it used to be difficult to h

old violators of research ethics accountable because of a lack of clear legal rules.

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The bond pricing mechanism will be further improv

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.

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While fast urbanization in China has brought larg

 population inflows from rural areas to cities, only those registered with permanent residence permits are fully entitled to social welfare in their resident cities.

Basic public services should be guaranteed for unregistered

permanent residents in cities, with an increased supply of education resources in cities where th

ere are a sizable number of children of migrant workers, according to the NDRC document.

The coverage of government-supported rental hom

es and housing provident funds should be expanded to benefit more unregistered permanent residents, the document said.

China aims to add 100 million registered permanent urban residents from 2016 to 2020.

By the end of 2018, the share of such residents in the country’s total population stood at 43.37 percent, up 1.02 p

ercentage points from a year earlier, according to data from the National Bureau of Statistics.

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Hainan also announced an islandwide housing quota

regarded as the strictest in the country-to curb speculation. The new rules required tho

se who do not live on the island but want to buy houses to provide local tax records for the past 60 months from

at least one member of the applicant’s family-making it impossible for nonnative residents to buy a home there.

“The latest move to help newcomers buy a home will make talented

people feel more at ease and work more wholeheartedly,” said Xia Feng, director of the e

conomic research department of the China Institute for Reform and Development.

“The government should also promote the rental housing market for those who cannot afford

to buy, and cultivate more diversified business platforms to attract talent from outside the island,” he said.

Wang Lu, chairman of Jincheng Consultancy, a Haikou-based real estate information p

rovider, said that because of the province’s small population base and weak economic and industrial foun

dation, investment and talent attraction are two urgent issues for the development of the FTZ.

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hina will continue to suspend extra tariffs on

The State Council said on Sunday that China would continue to suspend additional tariffs on US

vehicles and auto parts after April 1, in a goodwill gesture following a US decision to delay tariff hikes on Chinese imports.

In December, China said it would suspend additional 25 percent tariffs on US-made vehi

cles and auto parts for three months, following a truce in a trade war between the world’s two largest economies.

The State Council, or China’s cabinet, said the move was aimed at “continuing to create a good atmosphere for the ongoing trade negotiations between both sides”.

elt and Road Initiative serves to promote multilateral cooperation: China Daily editorial

t is natural for such a big international project as China’s Belt and Road Initiative to be ta

ken by some with a grain of salt. But the fact that 129 countries and 29 international organizations

have so far signed cooperation documents with China on the initiative shows that such views are in the minority.

The most common charges laid at China’s door are the Belt and Road is a debt trap and it is all about Chi

na’s strategic objectives. It has also been called a “scheme to split European Union”. And other labels will certainly appear.

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