Regarding the second Belt and Road Forum for Intern

ational Cooperation, to be held in Beijing on Thursday through Saturday, S

ong said the ministry will help deepen economic and trade cooperation with other coun

tries. “China will build more free trade zones with countries that are willing to do so,” Song added.

“As for the existing free trade zones, we will reduce administrative barriers in trade

and investment and push the formation of a big Belt and Road marketplace.”

While some critics have argued that the initiative will lead countries i

nto debt traps, Song said debt can be solved through joint efforts to promote the devel

opment of BRI economies. “Even though some countries may have high debt levels, as their pace of indus

trialization, urbanization and modernization accelerates, their debts will gradually decrease.”

Joe Kaeser, president and CEO of Siemens AG, said, “If an initiative like the BRI unifies more than two-thirds of the global

population, it will create massive infrastructure and economic movement that will build its own rules.”

www.shlfapp.com

The meeting called for expanded investment in comp

ulsory education, basic medical care, housing, drinking water, eldercare and ch

ild care, in addition to addressing other pressing issues for some groups in society.

Social security mechanisms to help those most in need will be furthe

r refined, with subsistence allowance systems set to be optimized, the statement said.

The meeting also called for full implementation of requirements set in the Ce

ntral Economic Work Conference, the annual policymaking meeting held in December.

The meeting urged an even more proactive fiscal policy and full implementation of tax and fee cuts.

Monetary policy will be eased or tightened to the right degree, and

it will be adjusted in accordance with economic growth and real-time inflationary and pricing

scenarios, the statement said, adding that financial support for the real economy will be bolstered.

shlfsm.com

Govt plans slew of policies to boost consumption

A slew of new policies aimed at encouraging consumption

in key sectors will be unveiled soon, China Securities Journal reported.

China’s retail sales of consumer goods rose 8.3 pe

rcent year-on-year to 9.78 trillion yuan ($1.46 trillion) in the January-M

arch period, according to the National Bureau of Statistics (NBS). In March alone, retail sales went up 8.7 pe

rcent to 3.17 trillion yuan, quickening from the 8.2-percent rise seen in the first two months.

In recent years, the government has, on the one hand, frequently intro

duced policies to promote opening-up, increase import and improve consumer welfare. On

the other hand, it has reduced and scrapped import tariffs on some consumer goo

ds. This has played an active role in consumption, Lian Ping, chief economist at Bank of Comm

unication said, adding that consumption still is the key driver for economic growth.

www.ashtt.com

However, the consumption structure has changed, with

service consumption accounting for 47.7 percent, up 1.4 percentage points year-on-year

. Meanwhile, sluggish auto consumption dragged the whole consumption growth.

The continuous decline of auto consumption has become

a key for stabilizing this year’s consumption, said Liu Xiaoguang, a resear

cher at the National Academy of Development and Strategy at Renmin University of China.

Mao Shengyong, spokesperson for the National Bureau of Statistics, recently said t

hat based on March data, auto production fell, however, the drop was narrowing.

The National Development and Reform Commission was reportedly considering a sl

ew of new measure to boost spending on automobiles, home appliances and consum

er electronics products. It has sent a draft plan to encourage consumption in the three sectors.

ashtt.com

Ruwan Wijewardene, Sri Lankan state defense min

nister, said on Tuesday that Islamic extremists staged the attacks in

Sri Lanka in retaliation to the shootings in two New Zealand mosques in March that claimed 50 lives.

And the blasts lay bare several threats confronting the whole world. First

of all, the reflux of IS terrorists formerly active in Iraq and Syria to countries that have not su

ffered large-scale serial terrorist strikes in a while poses a serious threat to their people’s safety.

Sri Lanka had enjoyed relative peace after the Liberation Tige

rs of Tamil Eelam, a militant organization demandin

g a separate homeland for Tamils in northeastern Sri Lanka, was defeated in 2009.

Governments have been keeping a close watch on the small nu

mber of people that have returned to their countries after atten

ding IS training camps. Yet the lack of coordination mechanisms among countries seemin

gly helps the terrorists evade surveillance and collude with extremist forces outside their countries.

ashkk.com

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.

xzzygk.com

We believe that with the passing of time and the sy

nergy of all parties, Belt and Road cooperation will definitely become deep and concrete, steady and extensive,” the report said.

“The Belt and Road will become a road of peace, prosperity, opening up, green development, innovatio

n, connected civilizations, and clean government. It wi

ll make economic globalization become more open, inclusive, balanced and beneficial to all.”

China will improve its oversight of human related scientific research and medic

al tests under draft laws and amendments submitted to China’s top legislature for review on Saturday.

Medical and scientific research related to human genes and embryos mi

ght present risks to health or violate ethics, and they must be strictly regulated therefore, said She

n Chunyao, senior legislator of the Constitution and Law Committee of the National People’s Congress.

A new item has been added to the country’s draft civil law, requiring that all

medical and scientific research related to human genes and embryos must f

ollow strict rules, laws and regulations, and should not pose a threat to people’s health or violate moral or ethical codes.

www.shlfwab.com

Meanwhile, massive rescue operations are underway at

the explosion sites, the police said.Television footage showed ambulances r

ushing the injured to the Colombo National Hospital, the Batticaloa Hospital in

the east and the Negombo Hospital on the outskirts of the capital where the explosions took place.

There has been no claim of responsibility so far for the multiple blasts.

In just one church, St. Sebastian’s in Katuwapitiya, north o

f Colombo, more than 50 people had been killed, a police official told Reuters.

Media reported 25 people were also killed in an attack on a church in Batticaloa in Eastern Province.

Prime Minister Ranil Wickremesinghe called a national security council meeting at his home for later in the day.

One of the explosions was at St Anthony’s Church in Kochcikade, Colombo.

St. Sebastian’s church posted pictures of destruction inside the church on its Fa

cebook page, showing blood on pews and the floor, and requested help from the public.

Out of Sri Lanka’s total population of around 22 million, 70 percent are Buddh

ist, 12.6 percent Hindu, 9.7 percent Muslim, and 7.6 percent Christian, according to the country’s 2012 cen

zzyosj.cn

A PLA Navy carrier battle group sails in formation. en active in

The Chinese People’s Liberation Army Navy has been active in pr

oviding security products for the international community since its founding, Qiu said.

The navy has paid over 100 visits to 94 countries and 138 ports, and has held more th

an 60 joint military drills with foreign navies over the 70 years, according to Qiu.

Since 2008, the navy has sent 32 escort fleets, 103 vessels, 69 helicopters and more than 27,000 officers and soldiers to escor

t over 6,600 vessels, more than a half of which were foreign merchant ships, he added.

Since 2010, the naval hospital ship Peace Ark has traveled to 43 countries and regions and provided free medical servi

ces to over 230,000 people, Qiu said.Under the current IPO system, new shares are subject to approval from t

www.fanxgq.cn

China has always maintained that its trade disputes wi

th other WTO members should be properly handled according to the WTO dispute settlement proc

edures. It not only takes the initiative to file claims in order to safeguard its legal interests and the authority

of the WTO rules, but also actively responds to charges, and respects and enforces WTO rulings.

The WTO’s ruling on this dispute over shows that the orga

nization has an important role to play in safeguarding the multil

ateral trading system. It’s not simply a matter of one side tallying up a victory against the other.

The multilateral trading system, with the WTO as its core, has been a mainstay in promoting glo

bal economic development and building an open world economy. The WTO dispute settlement system is the org

anization’s court for settling trade disputes. It maintains a balance between the WTO members’ rights and oblig

ations, and also ensures the effective implementation of WTO principles and rules.

zrwrgz.cn