Liu’s article was published in Qiushi Journal, a flagship m

magazine of the Communist Party of China Central Committee. He said more efforts a

re needed to implement the proactive fiscal policy and boost efficiency this year.

Preventing and defusing local governments’ hidden debt risks is key to controlling major risks, he said.

Innovative financial tools will be introduced for debt swaps, and the indebted comp

anies will be allowed to choose the same way, under guidance from the local governments, Liu Shangxi, hea

d of the Chinese Academy of Fiscal Sciences, the Ministry of Finance’s think tank, told China Daily.

“The total amount of hidden debt waiting to be swapped has not yet been calculated, as this

round of debt swaps will not involve the government’s administrative orders, but depends on the ma

rket’s appetite based on the evaluation of the potential default risks and the companies’ solvency,” he said.

9319888.org.cn

ggested necessary reforms of the WTO be made so as to ove

China expressed concern over an unprecedented “existential crisis” confronting the World Trade Orga

nization and has submitted a proposal on WTO reform, according to the Ministry of Commerce on Tuesday.

The proposal was submitted by China’s delegation to the General Council of the WTO in Geneva on Monday.

According to the documents released on the ministry’s website, China said rising unilateralist and protectionist practices cou

ld lead to an “existential crisis” at the WTO and sabotage multilateralism and the free trade system.

The abuse of using national security as an exception, unilateral mea

sures inconsistent with WTO rules, as well as misuse or abuse of existing trade remedy meas

ures have severely damaged the rules-based, free and open international trade order, it said.

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The reform and opening-up policies are exactly the ki

inds of market-driven reforms needed to make this happen. The Chinese government is investing heavily in resear

ch and development, but it should be noted that the R&D spending as a percentage of GDP is still lower than that of the US.

Nobody likes competition against themselves. So, it must be admitted that China’s transition to a high-tech, high-

value-added economy will come as a shock to many companies around the world. The US economy, which has about 7

percent of GDP in high-tech manufacturing, will be lightly affected by this change.

On the other hand, advanced manufacturing contributes around 20 percent of GDP in Sout

h Korea, Japan, Germany and a few smaller European countries. They will be much more directly affected.

www.aishedesat.com

Hospital head removed after 5 infants diern Medical Univers

Investigators criticize lax management, failure to control enterovirus outbreak

Liu Ruilin, Party secretary and president of Shunde Hospital of Southern Medical University, has been

removed from his positions after five babies died and 14 fell ill during an enterovirus outbreak at the hospital.

The five newborns who died had other underlying diseases, such as pneumonia, before c

ontracting the virus, according to a statement from the Guangdong Health Commission on Saturday.

Thirteen of the sick babies have been discharged from the hospital, w

hile the other one continues to be treated and is in a stable condition, the commission said.

An investigation determined that the case became serious because

of the combination of the intestinal virus with lax hospital management.

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Last year, there were 150 million people 60 years or abo

above living with chronic diseases in China. Of those, 44 million

were fully or partially disabled and in need of regular nursing services, she said.

“With more nurses and nurse’s aides, the demand for nursing services from the elderly will be gradually met,” she said.

The commission will also encourage community health centers to provide more nursin

g services for the elderly in neighborhoods, Jiao said. They would include more beds and setting up day-care centers.

Regulations will also be released to encourage community health centers to pro

vide beds to the elderly at home, so family doctors can provide treatment there, she said.

“The disabled, whether fully or partial, will be the priority in nursing services,” Jiao sa

id. “We will release a detailed standard for evaluating nursing services for the disabled elderly

wwwlunrancn

As President Xi has said, the initiative originated from

China, but it belongs to the world. China has put forward the idea of boosting global development vi

a infrastructure connectivity, and is working zealously to translate it into reality. This is based on wha

t the country learned from its own rags-to-riches story, its own experience of the benefits of free trade and inte

rnational cooperation, and on its understanding of the role a responsible major country must play.

The forum’s growing list of distinguished guests is credible testimo

ny that more and more countries appreciate the initiative‘s win-win nature and long-term pote

ntial. With 126 countries and 29 international organizations signing cooperation agreements with China und

er the Belt and Road framework, and the Asian Infrastructure Investment Bank now boasting 97 members, it is m

ore appropriate to call the initiative a global development mechanism than a Chinese one.

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Urgency rises for tackling hazardous wastesipate after

The deadly blast at a chemical plant in Jiangsu province last month that left 78 dead clearly hig

hlights the urgent need to properly handle hazardous waste management in the country.

As central authorities tighten management by revising laws and issuing detailed

policies to support hazardous waste treatment, experts are calling for mandating

that facilities to process such waste be built in all chemical industry parks nationwide.

The explosion occurred on March 21 in Xiangshui county, Yanch

eng, at a Jiangsu Tianjiayi Chemical Co Ltd plant. The accident also injured more than 600.

The State Council, China’s Cabinet, set up an investigation

group and the probe into the cause of the blast is ongoing.

Multiple sources have suggested that the casual handling of hazard

ous chemical waste produced by the company could be a cause of the deadly blast.

China Chemical Industry News reported that the blast originated at

the company’s hazardous waste storage facility, citing a source close to the investigation group.

cdyyfq.cn

The China-Belarus Industrial Park, located 25 km from Mi

insk and covering an area of 91.5 square kilometers, is the first special economic area in Bela

rus and the largest intergovernmental cooperation project between China and Belarus.

The industrial park is stepping up efforts to attract more global investors, with 43 companies registered by the end of February.

Among the 43 companies, 26 are from China, 10 from Belarus, and seven from other countries, like the United States and Ru

ssia. The companies have signed agreements to make total investments of more than $1 billion in the park.

The China-funded Djibouti International Free Trade Zone, which started construction in January 2017, opened on July 5, 2018.

Covering an area of 48.2 sq km, the zone is operated by a join

t venture with investment by Chinese enterprises, including China Merchan

ts Holdings and Dalian Port Corp Ltd, as well as the Djibouti Ports and Free Zone Authority.

More than 20 enterprises from the commerce, logistic, processing sectors have signed letters of intent to re

gister with the FTZ, as infrastructure in the first phase of the FTZ, which covers an area of 6 sq km, has been basically completed.

The FTZ is expected to become a crucial junction linking other African countries involved in the Belt and Road Initiative, and

make Djibouti, the small northeast African country, a marine logistics hub linking Africa, Asia and Europe.

www.riuy8.cn

The Congress members have also demanded that the US adm

inistration put into practice the Taiwan Travel Act and the Asia Reassurance Initiative Act, both passed last year, to fulfill its promise to the Tsai authorities. In their

letter to US President Donald Trump, some Congress members have said the Taiwan Relations Act will help mai

ntain peace, security and stability in the Indo-Pacific region and suppress Beijing’s so-called aggression.

Moreover, to seek the US’ protection and contain Beijing, the Tsai authorities have been hyping up

the island’s strategic value for Washington. But the fact is, the empty promises given by the Congress me

mbers cannot guarantee any safety to the Tsai authorities and, instead, could put them in danger.

Ahead of the 2020 elections on the island, some US Congress members are incitin

g the Tsai authorities to provoke disputes with the mainland by supporting those seeking “Taiwan ind

ependence”. But since any attempt to split Taiwan from the motherland would lead to a conflict, it will be in the interest of neith

er side of the Straits nor the US. Worse, such a conflict would destroy peace and stability in the entire Asia-Pacific region.

www.gzbbwhl.com

The brotherly bailout is striking because Mukesh Ambani pla

  yed a part in bringing his younger brother’s business to the brink of collapse.

  The Mumbai billionaire stunned India in September 2016 when he launched a ne

w mobile network called Reliance Jio that offered customers six months of free high-speed internet.

  The move triggered a brutal price war, forcing some companies to quit the market altogether, including Reliance Communications.

  Indian billionaire turns to bankruptcy court after losing 4G price war with his brother

  Anil Ambani’s company, once one of India’s biggest mobile pl

ayers, announced in late 2017 that it would sell its main consumer mobile business to Reli

ance Jio in order to focus on providing data services to corporate clients.

  That deal has now been abandoned, the two companies said Monday. An Indian bankruptcy court will instead auct

ion off Reliance Communications’ mobile assets to pay off the company’s $7 billion debt.

  The Ambani brothers have had a tumultuous and often acrim

onious relationship. After the death of their father in 2002, they waged a bitter succe

ssion battle for control of the vast Reliance business empire that he had spent decades building.

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