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ciple. So every country has important principles, and we absolutely c
annot make concessions on such issues of principle
,” the vice-premier said. Liu, however, added that he hoped both sides would exhibit flexibility in the talks.
He refuted the criticism of the US side that Chin
a reneged on its promises in the draft trade text. “We believe that it is only natural to have changes before a final deal; it is something that surely occurs in the process, so we
k the Chinese side has back-walked,” he said, adding that he disagreed with the wording of “renege”. “We just h
ad differing views on how to phrase some things in t he text, and we hope to resolve it, so it’s unnecessary to overreact to the issue,” he said.
going reform measures have made its financial market increasingly appealing to overse
as investors,” the administration said on Monday
in a statement on its website. “The administration will continue to support the opening-up of financ
ial markets, meet demand from overseas investors t
o expand investment in the ma rkets and attract global long-term capital to enter China’s financial markets,” it said.
Given the stable performance of the yuan and expectations of balanced capital flows, China’s fore
ange reserves remained stable in April, reaching $3.095 trillion by the end of last month, co mpared with $3.099 trillion by March, according to data released by the administration on Tuesday.
willing to see the accelerated development of the onshore capital market, said analysts, allowing direct fi nancing to play a more significant role in allocating savings and investment, and better serve the economy.
ization reforms and enhance communication with member countries and regions to deal with trade issues. That will stre
ngthen the WTO and jointly maintain free tr
ade and the multilateral trade system, he said.a Beijing International Horticultural Exhibition welcomed its first tourist peak by serv
ing more than 320,000 tourists during the fou
r-day May Day holiday, the organizer said Saturday. Lei Lei, an official with the organizing committee, said the Chinese Pavilion, the Inte
rnational Pavilion, the Life Experience Pavilion, t
he Botany Pavilion and the Gui Some 132 activities, including float parades, world ethnic and folk cultural perform
ances, and culture and art carnivals staged by central and eastern European countrie
s, were held during the holiday. With the theme of “Live Green, Live Better,” the expo opened to the public on M
onday at the foot of the Great Wall in the capital’s Yanqing District and will last until Oct 7.
rui Theater were among the most popular destinations, which h
ave received a total of over 734,000 visitors during the holiday.
Chinese President Xi Jinping has urged civil affairs authorities to focus on poverty alleviation, special groups and issues of public concern to better fulfill their duties.
Xi, also general secretary of the Communist Party of China Central Comm
ittee and chairman of the Central Military Commis sion, made the statement in an instruction read at a national civil affairs conference held in Beijing Tuesday.
Editor’s Note: While Boeing struggles with the crisis following the crash of two 737 Max aircraft in
less than half a year, European aerospace heavyweight Airbus inked a record deal during President Xi Jinpin
g’s recent visit to France to sell 300 aircraft
to China. Will Boeing‘s struggles prove to be a boon for Chinese airplane manu facturers, as some media outlets claim? Two experts share their views on the issue with China Daily’s Liu Jianna. Excerpts follow:
A very long way to go for China
Ning Zhenbo, lead consultant for the Center of Information Technology, Aviation Industry Corporation of China, Ltd.
Boeing’s loss does not mean Chinese aircraft manufacturers’ gain, simply because China la
gs far behind the West in the aerospace industry. The fierce competition between Boeing and Airbus, the t
wo aerospace heavyweights, will not have any impact, positive or negative, on China because it is not a player in the field.