Last month, China has set its GDP growth target for this

year at a range of 6 to 6.5 percent, according to the 2019 Government Work Report.

A further 3.24 million new urban jobs were added in the first quarter, and the survey

ed unemployment rate remained at a comparatively low level of 5.2 percent in

March. Consumer price registered a moderate rise by 1.8 percent in the first three months this year.

A basic equilibrium in the balance of payments was m

aintained, and China’s foreign exchange reserves remain more than $3 trillion.

Economic structure further improved during the same period. Value-added high-tech se

ctor’s output rose by 7.8 percent, higher than the country’s value-added industrial output.

In the first quarter, NDRC has approved 50 fixed asset investment projects, mainly i

n the fields of energy, transportation and high-tech sectors. The total investment hit 370.3 bill

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In early April, the US increased military interactions

with the island by officially acknowledging that military personnel have been posted in the Taipei office of the American Institute in Taiwan since 2005.

US weapons manufacturer Raytheon was also granted a $9 million contract to upgrade Taiwan’s Patriot missile defense system.

Senior Colonel Liang Fang, a professor at PLA National Defense Universit

y, said the recent drill will test and enhance the PLA’s joint operating capabilities.

“It will increase the PLA’s ability to protect national sovereignty, and warn thos

e who are trying to undermine it to abandon their illusions,” she said. “Similar drills

will be more common in the future, with increasingly sophisticated equipment and training methods.”

Xiu Chunping, a researcher at the Chinese Academy of Social

Sciences’ Institute of Taiwan Studies, said the recent drill serves to warn the US and separati

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EU gives PM May ‘flexible’ Brexit recess to Oct 31

European Union leaders gave Theresa May a new Brexit deadline of Oct 31, four months longer than the p

rime minister asked for, in a move the EU summit chair said would let Britain resolve its domestic deadlock on the issue.

“EU27/UK have agreed a flexible extension until 31 October,” European Council Pres

ident Donald Tusk tweeted after eight hours of talks that went into the early hours of Thursday.

“This means (an) additional six months for the UK to find the best

possible solution,” Tusk added on the eve of what would otherwise have been the day Britain

crashed out of the bloc with no deal to smooth the departure for businesses and citizens.

Britain, he stressed, could still leave earlier if May secures parlia

mentary backing for her Brexit treaty, or it could amend what it wants from a future trade pact. “Until t

he end of this period, the UK will also have the possibility to… cancel Brexit altogether,” Tusk added.

The agreement gives May more than the three months to June 30 that she asked for to bui

ld a parliamentary majority behind the withdrawal treaty she negotiated with the EU last year.

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The World Economic Outlook noted that Chinese autho

orities have responded to the slowdown in 2018 by limiting the e

xtent of financial regulatory tightening, injecting liquidity through cu

ts in the reserve requirement ratio, and reducing personal income taxes and corporate value-added taxes.

The overall outlook for emerging Asian economies rem

ains favorable, with China’s growth projected to slow gradually towa

rd sustainable levels. It predicts the country’s growth will moderate to 6.1 percent in 2020.

“China’s growth is set to stabilize,” said Cheng Shi, chief economist at ICBC International.

“As China increased its growth stabilization policy efforts, its economy has shown sig

ns of stability in the first quarter and may further consolidate in the second,” Cheng told China Daily.

China’s business activity revived and beat market expectations

in March, with the manufacturing purchasing managers index return-ing into expansion territory aft

er three months of contraction, according to the National Bureau of Statistics.

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Instead of solely emphasizing high yields, the Green Su

 Super Rice project is geared to guarantee stable yields while beefing up crops’ resistance against drought, flooding and diseases,” Li said.

“Thus, farmers are able to save a large amount of resources, such as fertilizers or irrigation water, to fight those issues,” he added.

The sustainability of the approach is welcomed by Philippine agricultural researchers and farmers, according to Jose

Yorobe, a consultant with the International Rice Research Institute in the Philippines. He attended a meeting in Beij

ing on Tuesday, along with dozens of representatives from participant countries, that marked the project’s conclusion.

“Because of climate change and population growth, developing countries are now pressured to increase rice prod

uctivity,” he said. “Some high-yield modern varieties are still vulnerable to inclement weather, pests and disease.”

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Elwell defended the agency’s reliance on experts from ma

anufacturers and said the current system had produced an unprecedented safety record i

n the US. He said the FAA was “fully involved” in the certification of the Boeing 737 Max 8, including “133 of the 297 flight tests”.

Senator Richard Blumenthal questioned the FAA’s oversight of the Boeing 737 Max jet, argu

ing that reliance on the manufacturer put “the fox in charge of the henhouse”.

Blumenthal said Boeing rushed to get the 737 Max in the air to compete with Europe’s Airbus and disregarded critical safety features.

“There needs to be rigorous reform so the FAA is put back in charge of safety,” he said. “The

fact is that the FAA decided to do safety on the cheap, which is neither safe nor cheap,” he said.

Senator Jerry Moran asked what it would take for the FAA on its own to certify airc

raft. Elwell said: “Ten thousand additional FAA employees and $1.8 billion” per year.

ozsnl.cn

According to the Ministry of Commerce, as of the end of N

ovember 2018, France had invested in 5,647 projects in China, with actual investment value amounting to $17.49 billion.

“There are no official rules for French enterprises to succeed in C

hina. The main rule is to respect the Chinese people,” said Raffarin.

Well-known by many Chinese people as a “good friend” of China,

the 70-year-old said he has visited China more than 100 times since his first trip in 1970.

Residents in Chinese mainland will be able to apply for passpo

rts and travel permits at every exit and entry management department across the coun

try starting from April 1, according to National Immigration Administration on Tuesday.

The travel permits refer to the documents allowing mainland residents to travel to and from Hong Kong, Macao and Taiwan, it said.

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Zeng Bibo, founder and CEO of Ymatou, said overseas shopp

ping via livestreaming services could completely and truly demonstrate the detailed infor

mation of overseas products to domestic consumers, and have gained wide popularity with the younger generation.

Zeng added that the consumers’ demands have become more p

ersonalized and diversified. “They have higher requirements for high-quality and cost-effe

ctive products, which brings out huge opportunities for cross-border e-commerce industry.”

It is noteworthy that the post-90s generation favor niche

and designer brands, and also are addicted to livestreaming videos, Zeng said.

Founded in 2010, Ymatou is a consumer-to-consumer or C2C marketplace engaged in cross-border e-commerce.

By the end of the second quarter in 2018, the site had about 50 million users and hired more than 60,000 overseas buyers in 83

countries including the United States, the United Kingdom, Japan, South Korea and Australia.

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In the second half of 2018, total deal number and value

 in all sectors fell back to low levels, and PE/VC investors turned more cautious. Although TMT secto

rs saw a big drop in deal numbers and value compared with the first half amid the lackluster PE/VC inves

tment market, they remained the leaders among all sectors,” Gao Jianbin, PwC China TMT leader said.

The report also said similar to the first half of 2018, the num

ber of PE/VC deals involving startups was the biggest among all categories in the second half, while compan

ies in the expansionary period received the largest investment in terms of deal value. Investors adopted a strate

gy to avoid risks by mainly investing in mature projects that had survived market competition and were in stable development.

“As China officially launched an innovation initiative for the integrated circuit industry an

d a government IC industry fund raised 150 billion yuan ($22.4 billion) in second-phase financing, a number of IC inn

ovation enterprises have been established in the second half of 2018,” said Charline Ni, PwC China technology leader.

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Her announcement that she was asking for a three-month

  delay caused uproar in the chamber.

The opposition Labour Party accused her of “blackm

ail, bullying and bribery” in her attempts to push her deal through, and one

prominent Brexit supporter in he

r own Conservative Party said seeking a delay was “betraying the British people”.

  Britain voted in 2016 to leave the EU by 52 percent to 48 – a decision that has

split the country, opening up divisive deb

ates over the future of the economy, Britain’s place in the world and the

nature of Britishness itself.

  A European Commission document seen by Reuters said the delay should

either be several weeks shorter, to avoid a clas

h with European Parliament elections in May, or last at least until the end of the

year, which would oblige Br

itain to take part in the elections – something that May said was not in Britain’s interest.

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