The government has started formulating matching regulations and rules to support implementation of the Foreign Invest

ment Law, adopted two weeks ago, Li said, adding that supporting regulations will take effect along with the law on Jan 1.

The draft amendment to the patent law has been submitted to China’s top legisl

ators. It sharply increases compensation for infringement to a cost that violators will not be able to afford, he said.

Forced technology transfers are prohibited and violators will receive harsh penalties, Li said. The complaint mecha

nism for foreign-invested companies will be perfected to improve exchanges and coordination between the gover

nment and investors, making it an effective way to protect the legal rights of foreign companies, he said.

China will not resort to massive economic stimulus to boost

growth, but will continue to open up and innovate to energize market players, Li said.

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 said. “This is not only beneficial to the two countries and their peoples, but also conducive to the entire world.”

The words came as the US Department of Commerce reported that the US trade deficit with China narrowed by 6.4 perce

nt to $34.5 billion in January. US goods exports to China dropped 22.3 percent to $7.1 billion, the lowest since Sep

tember 2010, and Chinese imports dropped 9.6 percent to $41.6 billion, the Commerce Department said.

The trade imbalance has been at the center of monthslong tensions between China and the US. Other iss

ues at the top of the list for their consultations include technology transfers and protection of intellectual property rights.

Gao said guaranteeing that companies can pursue technical cooperation based on voluntary principles and business rules is cond

ucive to creating a fair and competitive business environment and promoting high-quality economic development.

“It is in line with China’s need to further deepen reform and opening up,” he said.

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gates more authority to a manufacturer’s employees when certifying the safety of Airbus.

Elwell said the FAA conducts strict oversight of all manufacturers.

Senator Ed Markey demanded a “yes” or “no” answer from Elwell on whether two safety options that airlines could decline to bu

y should have been mandatory on the Max aircraft. Elwell declined to answer with a single word.

Some airlines chose to purchase the “angle of attack” system display for readi

ngs of two sensors and a “disagree light” to be activated if the sensors produce conflictin

g readings while others did not. Ethiopian Airlines and Lion Air reportedly declined to buy the two add-on safety devices.

Scovel, inspector general of the Transportation Departme

nt, said his office plans to revise its oversight of aircraft development by July.

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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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ons has voted against remaining in the EU and every version of leaving the EU,” tweeted James Cleverly, the Conservative Party’s deputy chairman.

Nevertheless, some proposals fared better than May’s deal had done two weeks ago, and parlia

ment was due to hold more indicative votes on Monday after refining the options most likely to secure a majority.

Many Conservative eurosceptics had made clear they would only c

onsider supporting May’s deal if she gave a firm commitment to resign, hoping a new leader

would be more sympathetic to their views when negotiating the terms of Britain’s future relationship with the EU.

“I have heard very clearly the mood of the parliamentary party,” May told a meeting of Conservative lawmakers (MPs).

“I know there is a desire for a new approach – and new lead

ership – in the second phase of the Brexit negotiations – and I won’t stand in the way of that.”

But within hours of May’s offer, the Democratic Unionist Party, which props up her minority gov

ernment, said it would vote against the deal if May brought it back a third time.

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ddress climate change, the loss of biodiversity and environmental

protection in a joint statement issued on Tues

day, after visiting President Xi Jinping met with his French counterpart Emmanuel Macron.

The two countries stressed that public and private funds should be directed to invest more to fight climate change and for biodiv

ersity protection, and there should be sustained financial support for the climate change actions of developing countries.

What is frustrating is the fact that solar and wind generation grew at double-digit pace in 2018, with solar alone increasing by 31 p

ercent, but that was still not fast enough to meet the higher electricity demand around the world that has driven up coal use.

China remains the leader in both solar- and wind-generated energy followed by Europe and the Uni

ted States. But despite being on course to meet its Paris climate pledge to peak its greenhouse gas emissions by 2030, sourcing 20 percent of it

s energy needs from renewables and nuclear power by that date is a tougher challenge for China. However, the addit

ional benefits of energy security and reduced pollution provide extra incentives for resolute efforts to achieve this goal.

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back the motion. Richard Harrington, who resigned as a junior business minister, accused the government of “playing roulette with the lives and liveli

hoods of the vast majority of people in this country” by failing to resolve Britain’s Brexit impasse.

The government said it was disappointed by the vote, claiming it “upends the balance

between our democratic institutions and sets a dangerous, unpredictable precedent for the future.”

But it also conceded that the new votes might be a way to break the months-long Brexit gridlock. May said she would “engage

constructively” with the results of the process, though sahe said she was skeptical that it would produce a decisive result.

The move raises the chances that Britain will tack toward a softer Brexit, and is likely to be welcomed by th

e EU. Guy Verhofstadt, the European Parliament’s Brexit coordinator, tweet that it was an “opportunity to build a cross-party coope

ration leading to an enhanced political declaration & a closer future relationship!”Earlier in the day, May ack

nowledged, “with great regret,” that her deal still lacked “sufficient support” to be approved as of Monday.

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later this week and was working to build support for the deal, which sets out the terms of withdrawing from the EU and the outline of future relations with the bloc.

May warned opponents that continuing to reject the deal could lead to a “slow Brexit” that postpones the country’s departure indefinitely.

With the March 29 Brexit day set almost two years ago days away and the withdr

awaal agreement lacking Parliament’s approval, European leaders agreed to a postponement last week to avoid a ch

aotic cliff-edge departure that would be disruptive for the world’s biggest trading bloc and deeply damaging for Britain.

However, the EU granted a shorter delay than May sought. It said if Parliament approves

the proposed divorce deal, the UK would leave the EU on May 22. If not, the government has until April 12 to tell the

27 remaining EU countries what it plans to do – leave without a deal, cancel Brexit or chart a path to a new option.

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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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video platforms such as Kuaishou, Bilibili, Douyin and Huoshan, to obtain more data flows and encourage brands and buyers to do more live broadcasts,” Zeng said.

It also plans to tap into the social e-commerce sector, which is currently in its testing phase.

Experts say the livestreaming explosion is boosting China’s e-commerce sector. The new

format could display the commodities in more dimensions and increase users’ trust.

Cao Lei, director of China E-Commerce Research Center, said this method could attract consume

rs’ attention quickly and accurately as most of the livestreaming users are post-90s generation who are accusto

med to shopping online, as well as help online retailers to gain data flows and create a “real” shopping scenario.

“Immediate feedbacks could be given to merchants based on users’ instructions. Through their

mobile phones, consumers are able to talk with overseas buyers, which will greatly enhance users’ trust on the platform.”

China’s cross-border e-commerce sector has been growing rapid

ly over the past few years, owing to a rapid growth in the nation’s middle and high-income shoppers.

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