Gao cited data to rebut that view and urged AmCham Chi

ina to evaluate China’s market access and business environment for foreign investors in a “comprehensive, objective and fair” way.

The ministry’s data showed that US investment in China jumped 71.3 percent year-on-ye

ar in the first three months of this year. In 2018, US investment increased 7.7 percent year-on-year.

Gao said expansion of the investment figures fully demonstrates that US compan

ies continue to be optimistic about the market and accelerate the pace of investing in China.

Gao cited another survey published in February by AmCham China that showed that most US

companies with operations in China said they have continued to see their revenues grow there.

Gao said the ministry will maintain close contact with foreign enterprise

s and business associations, and continuously improve China’s business environment.

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growth of PM.5 tiny particulate matter concentration tha

that could at least double the readings,” Zhang said. He added that this could help explain the o

ccurrence of heavy PM2.5 pollution that lasts for an extended period of time in certain regions.

Zhang said the interaction of air pollution and meteorologic

al conditions could be triggered when PM2.5 density reaches 100 micrograms per cubic meter in ma

ny of the monitoring points of a region. In such situations, more solar radiation wil

l be reflected back into the space, resulting in temperature inversion and further stabilizing the ground atm

osphere. And the height of the mixing layer could decrease to only one-third of that w

hen pollution processes begin, exacerbating particulate concentration levels even further.

The center’s research also showed that global warming is increas

ing the number of days with a stable surface atmosphere in n

orthern China, especially in the cluster, making smog more likely to develop.

chitudoudemao.cn

Kim Jong-un supervises test of new tactical guided weapon

Kim Jong-un, top leader of the Democratic People’s Republic of Korea (DPRK) supervised the

test-fire of a new tactical guided weapon, state media Korean Central News Agency (KCNA) reported on Thursday.

Kim “supervised and guided a test-fire of a new-type tactical guided weapon cond

ucted by the Academy of Defense Science on Wednesday,” the KCNA reported.

The design indexes of the weapon, with advantages of “the p

eculiar mode of guiding flight and the load of a powerful warhead,” were “perfectly verified at the test-fire con

ducted in various modes of firing at different targets,” the report said, giving no details of the weapon.

“Tactical” implies a short distance weapon instead of a long-range ballistic missile in military battles.

According to the report, Kim described the development as “an event of v

ery weighty significance in increasing the combat power of the People’s Army,” sayi

ng that the scientists and workers have done a great work in increasing the country’s capabilities of

9463296.org.cn

Amazon to end local 3rd-party sales in Chinaon offices in Ne

US-based tech giant Amazon.com Inc plans to shut down its third-party seller services on its Chinese online marketplace

in July, as it shifts its focus to offering Chinese mainland consumers overseas products rather than goods from local sellers.

Starting July 18, customers logging in to Amazon’s Chinese web portal will only see a selec

tion of goods from its global store, rather than products from local third-party sellers.

Amazon said it will keep running its other businesses in China, inclu

ding the cross-border shopping business Amazon Global Store; Global Selling, which helps Chin

ese merchants sell products abroad; its cloud service platform Amazon Web Services; and Kindle e-book devices and content.

“Over the past few years, we have been evolving our China online retail business to increasingly

emphasize cross-border sales, and in return we’ve seen a very strong response from Chinese customers.

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The bond pricing mechanism will be further improv

Under a pilot scheme, the first group of six provinces and cities sold 6.8 billion yuan in bonds

at commercial bank counters to individual buyers between March 22 and early April.

The coupon rates are between 3.01 percent and 3.33 percent, higher than treasury b

onds issued by the central government as well as bank deposits with the same maturity.

Gross local bond issuances hit 1.18 trillion yuan in the first qua

rter, compared with only 219.5 billion yuan in the same period last year.

The total quota for 2019 local government bond issuances is 3.08 trillion yuan, according to the Ministry of Finance.

“About 60 percent of the bonds were issued for ongoing construction, especially

for shantytown renovation projects, railways and roads,” said Hao Lei, head of the ministry’s Budget Department.

While debt financing continues to grow, the government is experiencing sharp declin

es in fiscal revenue growth, especially from tax and land sales, official data showed.

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Lu made the remarks in response to recent media repo

 reports that India decided not to send a delegation to the second Belt and Road Forum for Internati

onal Cooperation later this month in Beijing. The reports said the initiative undermines the South Asia

n nation’s sovereignty via the BRI-related China-Pakistan Economic Corridor.

Lu said that, “If this decision about whether to participate in building the Belt and Road

was possibly made through a misunderstanding”, China firmly and sincerely advances the constr

uction of the Belt and Road on the basis of consultation and contribution for shared benefits.

He added that the initiative is open to all parties that are inter

ested in and willing to join in win-win cooperation.

It will not exclude any party, he said, adding that China is willin

g to wait if relevant parties need more time to consider their participation.

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It’s time high-tech and internet companies designed a reaso

onable salary system to motivate their employees to give full play to their creativity and pro

ductivity, instead of forcing the workers to work long hours without adequate remuneration.

Chinese internet firms should learn from the managerial experiences of their foreign counterparts such

as Google and Facebook to incentivize their staff if they want them to work overtime and improve their productivity.

Huang Wei, a lawyer at Zhejiang Shenggang Law FirmWorkers’ rights and interests must not be compromised

The average leisure an average Chinese person enjoys is 2.27 h

ours a day compared with about 5 hours in developed countries suc

h as the United States, according to a research conducted by the Chinese Academy of Social Sciences.

Due to the “996” schedule in some high-tech and internet companies, the workers have even less leisure time, which affects not only t

heir daily life but also their health. Worse, many workers don’t even get paid for the extra work they do.

changhaisheng.cn

Underscoring the increasingly important role of railw

way in social and economic development, leaders from China and the CEECs voiced support fo

r moving forward practical cooperation in the development of the China-Eur

ope Land Sea Express Line and making use of European Union (EU)-Chin

a Connectivity Platform to promote development of intermodal freight transportation.

Taking note of the Three Seas Initiative, the participants to the leaders’ meeting expressed their welcome to port cooperat

ion between China and the CEECs, including the opportunities deriving from inland waterways and the interm

odal connections to further enhance the cargo transportation between Asia and Europe.

Leaders from China and the CEECs also expressed their willingness to explo

re the possibilities of establishing a China-CEEC Customs Information Center in Hungary and

their support for the holding of the 5th China-CEEC Transport Ministers’ Meeting in 2020 in Croatia.

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They are willing to conduct cooperation using the

rtunities provided by the initiative and the strategy, which for the EU me

mber states would also complement relevant EU initiatives, said the guidelines.

Announcing that 2020 will be the Year of China-CEEC Agricultural Diversity Cooperation, the p

articipants said they support expansion and deepening of cooperation in sustainable agriculture through

academic discussions, project docking, talent training and exhibitions as well as forums.

More Chinese people take trips during holidays compared to 10 years ago, according to official statistics and academic reports.

Both the number of domestic and outbound tourists have seen

a steady increase from 2008 to 2018, with the number of domestic tourists rocketing from

merely 1.71 billion in 2008 to a stunning 5.54 billion in 2018, data from the National Bureau of Statistics (NBS) show.

Tourists in China have become more active in spending their public

holidays on traveling, according to a report from China Tourism Academy.

exstorm.org

After making a couple of reconciliatory gestures, suc

ch as freezing nuclear and missile tests and demolishing some test sites, Pyongyang want

s something in return. Which is not unreasonable, but so far has not been forthcoming.

Washington should not anticipate Pyongyang denuclearizing in a wholesale, one-off mann

er. After all, its nuclear missile programs are the sole bargaining chip it has in its hands.

Rather than surrender its nuclear arsenal in a wholesale manner, it is in Pyongyang’s best inte

rests to turn its engagement with Washington into an arms control regime between two nuclear states.

It may be that a third Trump-Kim summit happens. But meaningful hea

dway in denuclearization entails more than what the two sides appear ready to offer at the moment.

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