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More than 60 countries will send naval delegations to participate in the 70th anniversary of the founding of the Peo
ple’s Liberation Army Navy in late April, a spokesman for the Ministry of National Defense said on Thursday.
The celebration will showcase the progress of the PLA Navy and its growing capabili
ty in safeguarding China’s overseas interests as well as regional and world peace, an expert said.
The multinational naval event will take place in Qingdao, Shandong province, in late Ap
ril, said ministry spokesman Senior Colonel Wu Qian. April 23 is the 70th anniversary of the PLA Navy’s founding.
The naval event will include high-level dialogues, an international fleet review, military band performances, cultural and sports e
xchanges as well as other activities, Wu said. Some nations will send military ships to participate in the fleet
review, though details are still in the works and will be announced at a later date, he added.
domestically rated “AAA”, the safest level. The sale to individual investors is mainly of project-link
ed special-purpose bonds, a type of local government bond vigorously promoted by the government in re
cent years. The cash flows generated from the underlying projects will be used as the primary repayment sources.
In China, there are two types of local government bonds: general bonds and special purpose bonds. According to the country’s 2019 budget repor
t, which was approved by the top legislature earlier this month, the budgeted deficit for local governments is 930 billion yuan, up 100 billi
on yuan compared with 2018, and this fund gap will be supplemented by general bonds.
In the meantime, 2.15 trillion yuan of special purpose bonds will be issued to support la
rge infrastructure projects, such as shantytown renovation projects and railways, said the ministry.
Letting individual buyers invest in local government bonds is a way to narrow the government’s financin
g gap, said Hu Yijian, a tax professor at Shanghai University of Finance and Economics. The gap is expected to expand, as policym
akers decided to cut about 2 trillion yuan in taxes and fees this year while at the same time increase spending on investment.
headed by No 18 Wang Qiang, who this week reached the Miami Open quarterfinals to
become the first Chinese to go that far at the premier mandatory event since Li’s run to the final in 2014.
Li is delighted to see her compatriots mixing it with the world’s best, but said she expects more.
“It’s good to have a group of girls in the top 50, but the resources they enjoy today make me believe they could do better,” she said.
With more advanced coaching and training methods, WTA
CEO Steve Simon reckons China will unearth the next Li sooner rather than later.
“The chances of finding the next Li Na are very bright; it’s just a matter of time,” he said earlier this month in Shenzhen.
The return of The Road to Wimbledon, a tailor-made tournament for under-14 players, f
or its fourth year in China is part of the latest effort to deepen the domestic talent pool.
It began on Monday with a weeklong trial camp overseen by Dan Blox
ham, head coach of the All England Club. The best performers will be picked to compete at a nat
ional tournament in Nanjing in May, which will decide China’s representatives at the global final at Wimbledon from Aug 11-17.
cles are starting to gain momentum in the private market. With the overall vehicle market remaini
ng flat, sales of new energy vehicles last year reached 1.25 million, up 61.7 percent year-on-year, and
the figure is expected to reach 1.6 million this year according to the China Association of Automobile Manufacturers.
China plans to stop subsidies on new energy cars by the end of 2020. To ensure a smooth transi
tion, the government decides to achieve this goal by enacting policy in several phases. This year’s subs
idy standard was slashed 50 percent on average from 2018, Xinhua reported, citing a person with knowledge of the matter.
The source said the proportion cut is basically consistent with falling ratios of general cost for co
mplete vehicles, while pointing out with the rapid expansion of the NEV industry some enterprises tend
ed to become reliant on long-standing subsidies, leading to weak competitiveness.
The statement also asked local governments to remove subsidies on purchases o
f new energy cars after a three-month grace period starting Tuesday. Instead, more funds will be used
to build infrastructure, including charging and hydrogen refueling facilities, and to facilitate relevant services.
eration, network traffic distribution, packaging and promotion. And it will provide exclusiv
e agent for every super partner on the platform to help the super partner make decisions and amplify the effect of their contents.
In April 2017, JD for the first time launched the shopping c
ircle function, which allows users to join online interest groups of beauty products, maternal and chi
ld products, fashion, photography and food, and share recommended products and their shopping experience.
In November 2018, the mini program for WeChat based on the shopping circle function was launched.
As new e-commerce players such as Xiaohongshu taste success from social shop
ping, online celebrity and fan economy, JD also noticed that besides the traditional “sea
rch for products” mode, for an e-commerce platform there are new opportunities in community building and user-generated content.