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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The import exhibition will be held in the first and thi

rd phases, with 1,000 booths booked by 650 enterprises from 38 countries and regions.

The first phase of the import exhibition has 616 booths displaying electronics and home appliances, build

ing materials and hardware and mechanical equipment. There will be 384 booths in the third phase, m

ainly displaying food and beverage products, household goods, fabrics and home textiles.

Xu Bing, a spokesperson for the Canton Fair, said on Sunday that the 124t

h fair received exhibitors from ten countries and regions. According to Xu, a chamber of com

merce from Istanbul said the fair had helped many Turkish enterprises explore the global market.

“Design for trade” will be a highlight at the upcoming fair. About 100 design companies and institut

ions from 15 countries and regions, including the United States, Germany, France, Italy, Austr

alia, the Republic of Korea and Japan, have registered to participate in the design exhibition at the fair.

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May said on arrival that she did not want a long delay

 “I want us to be able to leave the European Union in a smooth and orderly way as soon as possible,” she told reporters.

Her EU peers, however, are sceptical about her ability to break the dead

lock soon. They are exasperated with May’s handling of a tortuous and costly divorce that is a di

straction from ensuring the bloc can hold its own against global economic challenges.

Across from the summit venue, the EU executive celebrated its part in funding a global project that produced the first p

icture of a black hole, prompting no shortage of ironic comments on social media about the juxtaposition.

Blogger Eliot Higgins tweeted: “We’re now more certain about what black holes look like than what Brexit looks like.”

One of the country’s major movie events, the 9th Beijing International Film Festival, will o

pen with a Sino-Kazakh production about late composer Xian Xinghai, Xu Fan reports.

The Composer, the first Sino-Kazakh production depicting the final years of Chinese

musician Xian Xinghai, is set to open the 9th Beijing International Film Festival on Saturday.

ypqsr.cn

Bolstering high-end sectors part of capital’s plan to see

After 40 years of high-speed growth, China’s economy ha

s entered a high-quality development phase. Starting today, China Daily will feature a series of reports to sh

ow the new landscape across the country. This is the first installment of the series.

Beijing’s municipal government has been making efforts to develop high-end industries suc

h as 5G, artificial intelligence and the industrial internet in order to build the city into the nation’s scientific and innova

tion center, which is a core strategy of the capital’s high-quality growth plan, a senior officials said recently.

Lin Keqing, executive vice-mayor of Beijing, said the city is aimin

g to make new information technology and medical health twin drivers of the municipality’s growth.

“Beijing will make better use of resources to develop the biomedical indus

try and extend its value chain,” Lin said. “We have unveiled an international medical-use ro

botics innovation center in Zhongguancun, China’s Silicon Valley, and a group of companies in the sector.”

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I am offering to sit down with the leader of the op

osition and to try to agree a plan that we would both stick to ensure that we leave the European Union and that we do so with a deal.”

The pound rallied against the dollar as much as 0.3 percent to above $1.31. It also strengthened against the euro to 85.43 pence.

May said that if she could not agree a unified approach with

Labour leader Jeremy Corbyn then the government would agree a number of options o

n the future relationship with the EU and put them before the House of Commons in a series of votes.

The government, she said, would then abide by the decision of the House of Commons.

Her divorce deal with the EU has been defeated three times by the lower house of the Briti

sh parliament, which failed on Monday to find a majority of its own for any alternatives.

The impasse has already delayed Brexit for at least two weeks beyond the planned departure date on April 12.

www.zsdbv.cn

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

While May was addressing her lawmakers, MPs in the mai

n chamber debated eight other Brexit options, ranging from leaving abruptly with no deal to revoking the divorce altogether.

While there was no majority support for any, the option calling for a referendum on any depa

rture deal, and another suggesting a UK-wide customs union with the EU, won more votes than May’s deal did two weeks ago.

Oliver Letwin, a Conservative former cabinet minister who led parliament’s unusual power grab, said it ha

d been expected that none would immediately win a majority, and lawmakers would have another chance on Monday.

The uncertainty around Britain’s most significant political and economic change since W

orld War II has left allies and investors aghast. Sterling dipped after Wednesday’s events.

If May’s deal were to pass, her office said there would be a contest to replace her after May 22, when Britain would leave the EU.

www.qiancengdian.cn

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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In the Government Work Report, Li said that the govern

ment’s moves to cut taxes on this occasion aim at an accommo

dative effect to strengthen the basis for sustained growth while also considering the need to ens

ure fiscal sustainability. It is also a major measure to lighten the burden on businesses and boost market dynamism.

Participants at Wednesday’s meeting also decided on adjustments to the export tax rebate rates of certain goods and services and

to the tax deduction rate of purchases of farm produce. They decided to increase transfer payments to local gov

ernments, focusing on supporting the central and western regions and counties and prefectures experiencing difficulties.

“The share that goes to enterprises in the national income distribution ne

eds to be increased to boost market vitality. This will

help keep employment stable, expand tax sources and make public finance sustainable.” Li said.

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My sincere and heartfelt thanks to my respected elde

  brother, Mukesh, and Nita, for standing by me during these trying times, and de

monstrating the importance of staying true to our strong family values by extending this timely support,” he said.

  Shares in Reliance Communications spiked 10% in Mumbai on Tuesday.

  A spokesperson for Mukesh Ambani’s company declined to comment on how much of

the 5.5 billion rupees he provided, but local media reported it was around 4.8 billion ($70 million).

  A spokesperson for Reliance Communications didn’t immediately respond to a request for comment.

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