Much work’ awaits new Sino-US trade talksnited Stat

hina and the United States will hold their eighth round of high-level economic and trade cons

ultations in Beijing on Friday, with “much work” remaining to be done, the Ministry of Commerce said.

Ministry spokesman Gao Feng said on Thursday that the two nations have made some progre

ss through recent phone discussions between Vice-Premier Liu He and US Trade Representative Robert Ligh

thizer and Treasury Secretary Steven Mnuchin. “But there remains much work to be done,” he said.

To iron out differences over certain economic and trade issues, China and the US have b

een intensifying their consultations. Next week, Liu will visit Washington for the ninth round of talks.

Negotiators from both sides are striving to implement consensuses reached betw

een the countries’ leaders in December, Gao said at a regular news conference.

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The Chinese government has never imposed any policy

 to force foreign companies to transfer their technology,” Gao added, sayi

ng that the country’s Foreign Investment Law bars forced technology transfers.

The newly passed law, approved this month and set to take effect in January, stipulates that China will treat foreign and Chi

nese enterprises equally and protect their intellectual property rights. Under the law, foreign enterprises will recei

ve pre-establishment national treatment, in addition to a negative list system for market access.

A negative list shows areas where investment i

s limited or prohibited for foreign investors, with all other areas presumed to be open.

Gao said the ministry is working with relevant de

partments to conduct research on shortening the negative list for market access.

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Event planned to fete PLA Navy’s 70th anniversary

More than 60 countries will send naval delegations to participate in the 70th anniversary of the founding of the Peo

ple’s Liberation Army Navy in late April, a spokesman for the Ministry of National Defense said on Thursday.

The celebration will showcase the progress of the PLA Navy and its growing capabili

ty in safeguarding China’s overseas interests as well as regional and world peace, an expert said.

The multinational naval event will take place in Qingdao, Shandong province, in late Ap

ril, said ministry spokesman Senior Colonel Wu Qian. April 23 is the 70th anniversary of the PLA Navy’s founding.

The naval event will include high-level dialogues, an international fleet review, military band performances, cultural and sports e

xchanges as well as other activities, Wu said. Some nations will send military ships to participate in the fleet

review, though details are still in the works and will be announced at a later date, he added.

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Senior Colonel Zhou Bo, director of the Center for Secur

Cooperation at the ministry’s Office for International Military Cooperation, said that comp

ared with other branches of the military, the PLA Navy plays a relatively larger role in protecting China’s overseas inter

ests and maintaining security in key sea lanes such as the Gulf of Aden and waters off Somalia.

“The PLA Navy is at the forefront of proving that the Chinese milita

ry is an open, cooperative and competent force for peace,” he said, adding that the PLA Navy has f

requently participated in humanitarian rescue missions, naval escorts, joint exercises and exchanges in past years.

“Through these non-war military operations, the Chinese Navy has also improved its capability and operability in dis

tant waters,” Zhou said. “Many security issues around the world require global efforts, and as its capability impr

oves, the PLA Navy can play a bigger part and contribute more to global maritime security.”

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isit shows EU seeks deeper cooperationuropean Commiss

Editor’s Note: President Xi Jinping visited Italy, Monaco and F

rance from March 21 to 26. Why is the visit important for China-European Union rela

tions? Two experts share their views on the issue with China Daily’s Pan Yixuan. Excerpts follow:

Visit sets positive tones for China-EU relations

Xi’s visit to the three European countries has yielded substantial fruits of cooperation, the most significant being the

signing of a memorandum of understanding between China and Italy paving the way for Italy to participate in th

e China-proposed Belt and Road Initiative to promote mutual development.

The cooperation deals in fields such as trade and infrastructure that Italy has signed with

China will help the Italian government to boost the country’s economic recovery. For instance, the exp

ort of Sicily’s red oranges to China by air will be a small but important step toward boosting bilateral trade.

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Retail sales of local government bonds attract eager

Chinese local government bonds worth 1.4 billion yuan ($208.5 million) were snapped up by retail investors within a single day, after counter sales in banks we

re made available for the first time. The fundraising will help supplement a broader fiscal deficit this year, analysts said.

On Monday, individuals in China were able to purchase bonds issued by t

he Zhejiang provincial government (five-year term, 3.32 percent coupon rate) and the N

ingbo city government (three-year term, 3.04 percent coupon rate). Proceeds from the sales will be used for land purchases (300 million yuan) and shantytown renovations (1.1 billion yuan), acc

ording to a notice on the website of China Central Depository and Clearing, a clearinghouse under the central bank.

The minimum investment amount for retail investors is 100 yuan, lower than most wealth management products issu

ed by commercial banks. Previously, individual investors could only purchase bonds issued by the central government, kno

wn as treasury bonds. And before Monday, local government bonds were traded mainly in the interbank market.

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I didn’t even know I had to wear all white, nor did I prepare

a different pair of shoes for the surface. I was overwhelmed, in an embarrassing way.”

Li played the final match of her stellar career at Wimbledon 2014 before retiring due to a chronic knee injury two months later.

Now enjoying life as a housewife and businesswoman, the two-time Grand Slam singles champion spares no effort to en

sure that China’s new generation of players are better prepared than she was for life as a pro.

Her passion for the sport remains undiminished and shone through at Tuesday’s event at Beijing’s

1123 Junior Tennis Academy, where the 37-year-old hit shots with some young hopefuls and shared insights about life on the tour.

With more international tournaments visiting the country and strong government support and investment, tenni

s has entered the athletic mainstream in China, yet the nation still hasn’t found anyone to assume Li’s throne.

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Wang hailed Italian government’s forethought and pragmatis

gmatism over its decision of endorsing the Belt and Road Initiative (BRI), saying Xi and Mattarella agreed

that China and Italy, which are at the two ends of the ancient Silk Road, are natural partners in constructing the Belt and Road.

Conte, according to Wang, said the BRI will bring great opportunities to Italy. He also agre

ed to attend the second Belt and Road Forum for International Cooperation to be held in Beijing next month.

France is one of the earliest European countries that have expressed the willingness to take pa

rt in the BRI cooperation. During Xi’s visit to France, the two countries signed agreements on the third round of the BRI-related dem

onstration projects in third-party markets and kicked off a third-party market fund, Wang said.

At the closing session of a global governance forum co-hosted by China and France, Macron

said the BRI is significant and can play an important role in world peace, stability and development, adding that the EU could align

its development strategy with the BRI in an innovative way and jointly promote Eurasian connectivity.

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It is advisable to pursue an innovation-driven, well-coordi

inated and inter-connected, and fair and inclusive approach and forge a growth

model of vitality, a cooperation model of openness and win-win results, and a developm

ent model of balance and common benefits, so that people from across the world could share the benefits of economic globalization, Xi said.

This year marks the 70th anniversary of the founding of the People’s Republic of China, Wang said.

During his visit, Xi, based on China’s just-concluded Two Sessions earlier this month, illu

strated to the European leaders the fine performances of the Chinese economy which had overcome multiple challenges in 2018.

Wang said Xi also introduced the newly-adopted foreign investment law, emphasizi

ng that it is necessary to use legal means to better protect intellectual property rights and attract foreign investment.

Xi pointed out that China will continue to push forward all-round reform and opening-up, promote trade and investment

liberalization and facilitation, so that European friends can better share China’s development opportunities.

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percent of minors have internet accessChina had 169 million min

netizens in 2018 and the internet penetration rate was 93.7 percent, according to a report published on Tuesday.

The report was jointly published by the youth rights and interests protection departme

nt of the Communist Youth League of China Central Committee and the China Internet Network Information Center.

Minor netizens covered by the report are students at different levels under 18 years, but not including children under 6 years and non-student youths.

According to the report, 92 percent of minor netizens use mobile phones for internet ac

cess, and the percentages of minors using other devices for internet access are all less than 50 percent.

The report shows that 77.6 percent of minor netizens have their own internet access devices, and 69.7 percent have mobi

le phones. Data shows 52.2 percent connected to the internet less than one hour a day, and 24.2 percent between 1 and 2 hours.

Up to 87.4 percent use the internet for study, 68.1 percent listen to mus

ic and 64.2 percent play games for major leisure and recreational activities on the intern

et. Chatting online is the major communication activity for 58.9 percent, and 40.5 percent use short video apps, according to the report.

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