government on Tuesday to consider the costs it would bear through raising tariffs.
He reiterated that China will never capitulate under any external pressure and hopes the US meets China halfway.
The US has no need to “worry about” China’s affairs, Geng said at a daily news conference. The country has made progress i
improving its foreign investment environment and has become a popular investment destination, he sa
id, citing the expansion of US-based Exxon Mobil Corp and Tesla Inc in the market last year.
Geng stressed that China welcomes foreign companies to increase investment in the market and will co
ntinue to establish a more stable, fair, transparent and predictable investment and business environment.
en he visited a museum of broken relationships in Chengdu, capita
l of Southwest China’s Sichuan province, with two friends in January. They tho
ught it would be a good thing for Taiyuan to have a place for people to bury souvenirs from a failed relationship.
They acted fast and opened the museum after three months’ preparation.
The world’s first museum of broken relationships was founded in Croatia in 2006 by two artists, who
ended their four-year relationship and got the idea of setting up a museum to house their leftover personal items.
China has several museums of broken relationships now, in Nanjing, Chen
gdu, Xi’an, Wuhan, Beijing, Chongqing, Jinan, Harbin, Changsha, Guangzhou and Changchun.
started to implement a “negative list” program that allows foreign co
mpanies to have 100 percent ownership in investments in all areas of the economy, excep
t for a small number of areas, such as telecoms and defense, that are explicitly prohibited.
Also, foreign investment has been simplified by creating a one-stop regulatory shop and a single application process.
These new policies will lead to greater competition within China, forcing C
hina’s companies to become more efficient and to produce higher quality products.
The Chinese government has also recently announced tax cuts and financial regulations desi
gned to help private companies. This will hasten the ongoing transition to a market-driven economy.
Most Chinese State-owned enterprises are not relevant to trade negotiations. Many are in non-tradable sectors such as p
roperty development, infrastructure, or concrete. Others are basically public utilities in telecoms or power.
ade negotiations. Many are in non-tradable sectors such as property develop
ment, infrastructure, or concrete. Others are basically public utilities in telecoms or power.
Some Chinese car companies are State-owned, usually by provincial govern
ments, but the car business in China is very highly competitive and foreign brands are very successful.
In any case, the continuing growth of an already large private sector should alleviate foreign concerns
about competing with State-owned companies.
During the George W. Bush administration, the US imposed tarif
fs on Chinese steel, arguing that State-owned companies had an unfair advantage. But, US ste
el companies also face higher costs because of increased environmental protection. China’s current emphasis on bu
ilding an “ecological civilization” means that that kind of polluting heavy industry will be less viable.
f guidance, such roughly generated and lame evaluations cannot objectively reflect the real
conditions of schools, and have severely disrupted education activities, the statement said.
The MOE will therefore continue to regulate such acti
vities in accordance with law and regulations, according to the statement.
The China Earthquake Administration pledged to enhance its earthquake detection c
apability as it rolls out an experimental project in the country’s tremor-plagued southwestern region.
The administration has established over 360 new monitoring stations in the China Seismic Experimental Site, which spans Sichuan
and Yunnan provinces, since construction of the project was launched about one year ago, Zheng Guoguang, vice-m
inister of emergency management and head of the administration, told a news conference on Friday.
China’s consumer price index (CPI), the main gauge of inflation, gr
ew 2.5 percent year-on-year in April, the National Bureau of Statistics (NBS) said Thursday.
The reading, in line with market expectations, accelerated from the 2.3 percent gain in March and 1.5 percent in Febru
ary. On a monthly basis, consumer prices edged up 0.1 percent, compared with the 0.4 percent drop seen a month earlier.
NBS official Dong Yaxiu attributed the rise to higher prices of vegetables, pork and fruit, which ros
e 17.4 percent, 14.4 percent and 11.9 percent, respectively, from the same period last year due to tighter supplies.
Food prices, which account for nearly one-third of weighting in China’s CPI, went up 6.1 percent year-on-year.
Meanwhile, China’s producer price index (PPI), which measures inflation at the factory gates, rose
0.9 percent year-on-year last month, up from the 0.4 percent gain in March that showed improving market demand.
An inferno that destroyed the spire and a large portion of the wooden roof structure of the 12th-century Notre Dame Cathedral in Pa
ris on Monday reinforced a cautionary message to Chinese authorities about the need to better protect vulnerable heritage sites.
The National Cultural Heritage Administration held a staff meeting on Tuesday night at wh
ich officials discussed the Paris fire and six major fires that have taken place at Chinese cultural heritage sites this year.
“The fire at Notre Dame in Paris rang the warning bell for us,” Song Xi
nchao, deputy director of the administration, said in an interview on Tuesday.
“The safety of cultural heritage sites is a red line that can never be crossed. It’s a global issue,” he said.
The six fires were in Sichuan, Fujian, Jiangxi, and Zhejiang provinces, officials said.
On Jan 6, a hall at Yunyan Temple in Jiangyou, Sichuan province, burned down. On
Feb 2, a wooden family temple from the Qing Dynasty (1644-1911) in Nanchang, Jiangxi, was destroyed by fire.
the past five years, China has built or expanded 260,000 primary and secondary schools, added 1.7 million teache
rs and increased the student body by 27.3 million. The Ministry of Education committed more resources last y
ear to poverty-stricken areas to ensure every child is able to attend school by 2020.
Beyond easing dire poverty in rural areas, China has an ongoing pa
rallel policy to build a moderately prosperous society by 2020, a crucial aspect of which is set
ting up a basic social security system. This has been done progressively since the 1980s.
China also has had several social insurance programs since the 1990s, covering unemployment, employment injury, mat
ernity, medical care and pension. The country subsequently embarked on a new and successful phase of so
cial security development to provide healthcare benefits to rural and nonworking urban residents.
will be significant demand for top-quality goods and services,” he told China Daily.
Noting that many European companies are renowned for their innovation and reliability, Bagnasco said that “there shou
ld be plenty of business to be done” in Xiongan. In June, Mats Harborn, chamber president, paid a visit to Xiongan and wa
s received by Chen Gang, vice-governor of Hebei province and director of Xiongan’s management committee.
Chen said he hopes the chamber will take an active role in such areas as green developm
ent, intelligent technologies and innovation in Xiongan, an official news release from the new area said.
“The EU Chamber of Commerce in China has been building relationships in Xiongan for some time now, and the me
eting in June was just one part of that,” Bagnasco said, adding that the meeting was a good opportunity to furt
her develop relationships and deal with more concrete matters, such as specific investment mechanisms.
Italian side, respect each other’s major concerns, jointly build the Belt and Road, explore cooperation with third parties, boost