Most Chinese State-owned enterprises are not relevant to tra

ade negotiations. Many are in non-tradable sectors such as property develop

ment, infrastructure, or concrete. Others are basically public utilities in telecoms or power.

Some Chinese car companies are State-owned, usually by provincial govern

ments, but the car business in China is very highly competitive and foreign brands are very successful.

In any case, the continuing growth of an already large private sector should alleviate foreign concerns

about competing with State-owned companies.

During the George W. Bush administration, the US imposed tarif

fs on Chinese steel, arguing that State-owned companies had an unfair advantage. But, US ste

el companies also face higher costs because of increased environmental protection. China’s current emphasis on bu

ilding an “ecological civilization” means that that kind of polluting heavy industry will be less viable.

pldyjo.cn

True, the first quarter of 2019 yielded better-than-expe

ted results. But the higher rate of FAI growth was to a large extent driven by a strong increase in investment in real estate, which is l

ikely to weaken sooner or later owing to the government’s commitment to cooling China’s “real-esta

te fever”. And, given the trade frictions with the US, China’s export performance for the rest of 2019 is highly uncertain.

To compensate for declining investment in real estate and weakening exports, China must maintain reasonable growth in inf

rastructure investment. To that end, the government should pursue higher spending (taking advantage of a strong fis

cal position), supported by accommodative monetary policy (amid very low inflation).

Fiscal and monetary expansion may be out of fashion among China’s mainstream economists, who insist that struct

ural adjustment must be the priority. But it could go a long way toward bolstering China’s economic per

formance in 2019, without impeding structural reform. The challenge is to strike the right balance.

weishow.com.cn

plemented more favorable visa policies for Chinese student

he said. The report also found that studying overseas is no longer limited to wealthy fam

ilies, and the number of students from middle-class families studying overseas keeps growing.

According to the survey on parents’ professional backgrounds, most parents whose children prefer studying overseas hold o

rdinary positions at work, accounting for 43 percent of the total, up 14 percentage points from 2015.

Parents who are middle-level managers accounted for 35 percent, and those who are high-level executives accounted for 22 per

cent, the report said. The number of students studying overseas for master’s degrees continues to increase, a

counting for 70 percent of the total, up from 57 percent in 2016. They are studying ov

erseas to obtain higher academic qualifications and be more competitive in the domestic job market, it said.

www.gtlhhl.cn

A highlight of the draft amendment is the embryos. Curre

ntly domestic laws do not view embryos as independent persons, yet in judicial practices their personal rights are still under protection of law as part of the pers

onal rights of their parents. If the draft amendment passes, embryos will enjoy better protection of rights in the future.

ASTANA — A bus accident in Kazakhstan has killed 11 people and injured 29 others, the Kazakh Interior Ministry said Saturday.

The accident took place on the early morning of Saturday in the Kordai district in the southe

rn Zhambyl region when a car collided with a truck on a highway and a following passenger bus ma

de a rollover in order to avoid a collision with the vehicles, according to the ministry.

“As a result of the accident, eight people were killed instantly, 32 people were taken to me

dical facilities, where another three people died from injuries,” the ministry said in a statement.

About 50 people and the rescue services, disaster management office and regional police departme

nt were involved, and medical personnel have been dispatched to the scene, the ministry said.

A pre-trial investigation was launched under the criminal code, while investigat

ors from the Interior Ministry and the police office are working to establish the circumstances of the accident.

daochuwan.cn

The lawsuit accused Liu and JD on six counts of false im

prisonment, civil assault and battery, as well as sexual assault or batter

y, seeking damages in excess of $50,000, according to a report from Reuters.

The court filing said JD is “vicariously liable” for Liu’s behavior as his alleged actions happened while

he was “seemingly” at work-related activities, and the assault and battery began in the presence of two other JD employees.

“We have not yet reviewed the complaint and are not going to comment on pending litigation, but based on the Hennepin County A

ttorney’s declination to charge a case against our client and our belief in his innocence, we feel strongly that this suit

is without merit and will vigorously defend against it,” Liu’s attorney Jill Brisbois said in a written statement.

Peter Walsh, an attorney for JD, said in a statement while it was not prepared to com

ment at this time, the company would vigorously fight against these “meritless claims”.

7893386.cn

he monetary policy should “maintain strategic focu

cus”, keeping it prudent while the liquidity should be at a reasonably adequate level, it said.

Financial policies are required to further support small and private companies, and fun

ding through the capital market is supported by the authorities, according to the statement.

The central bank had skipped open market operations for 15 conse

cutive working days until Monday. “Reasonable and adequate liquidity in the banking syste

m” was the main reason for the absence of open market operations, according to a statement from the central bank.

To cut or not to cut the RRR, a strong tool for liquidity adjustm

ent, has become a hot topic since April, not only for investors, but also for policy advisers.

Divergent opinions are spreading among a broader group of market observer

s. The market is trying to get more indications from the monetary authority, although the C

hinese central bank barely sends any hints on possible monetary policy operations before taking action.

www.gjrcpx.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.

www.yuanzjj.cn

Li said the common interests of China and the EU far out

 outweigh their differences, and expanding their common interests will help narrow those differ

ences. Li spoke at a joint news conference with Tusk and Juncker after the meeting.

The two sides will continue to strengthen synergies between the EU strategy on Connecting Europe and Asia, the EU’s Trans-E

uropean Transport Networks and the China-proposed Belt and Road Initiative, the statement said, adding they welco

me further exchanges in 5G networks and technological cooperation between their business communities.

During the meeting, the EU and China also reaffirmed their commitment to multilaterali

sm. The Chinese and EU leaders also worked on coordinating their positions on regional and internationa

l hot spot issues such as the Iran nuclear issue, the Korean Peninsula nuclear issue and the Venezuela situation.

Foreign Ministry spokesman Lu Kang said on Wednesday that the joint statement reflects the resolve of China and t

he EU to strengthen their unity and coordination at a time that multilateralism is being challenged.

www.trwater.com.cn

As the new area will be built to the highest standards, ther

will be significant demand for top-quality goods and services,” he told China Daily.

Noting that many European companies are renowned for their innovation and reliability, Bagnasco said that “there shou

ld be plenty of business to be done” in Xiongan. In June, Mats Harborn, chamber president, paid a visit to Xiongan and wa

s received by Chen Gang, vice-governor of Hebei province and director of Xiongan’s management committee.

Chen said he hopes the chamber will take an active role in such areas as green developm

ent, intelligent technologies and innovation in Xiongan, an official news release from the new area said.

“The EU Chamber of Commerce in China has been building relationships in Xiongan for some time now, and the me

eting in June was just one part of that,” Bagnasco said, adding that the meeting was a good opportunity to furt

her develop relationships and deal with more concrete matters, such as specific investment mechanisms.

www.ax148.cn

Opponents of Brexit feel the political tide may be turnin

 in their favor. Hundreds of thousands of people marched through London on Saturday calling for a new referendum on whether to leave the EU or remain.

But with the deadline for a Brexit decision less than three weeks away, British poli

ticians remain divided, and increasingly despairing about the country’s political gridlock.

“Brexit is like the Death Star of politics,” Conservative legislator George Freeman said. “I always fea

red it would be like this. It’s destroying and soaking up all the prime minister’s room for maneuver and political goodwill.

“I’ve never known this country so divided, so angry and in such a dangerous state,” he said.

France is willing to support the China-proposed Belt and Road Initiative, with the best way forward

being to work together on a project-by-project basis, former French prime minister Jean-Pierre Raffarin told China Daily.

In an exclusive interview ahead of the state visit of President Xi Jinping to France

on Monday and Tuesday, Raffarin said it is in France’s national interest to be part of the BRI.

“We also want our companies to propose projects which are good for the BRI, but also go

od for our enterprises,” said Raffarin, who served as prime minister from 2002 to 2005.

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