y year-end, ETC lanes will become the mainstream, which

h will allow nonstop passage of freight vehicles in addition to passenger vehicles.

The action plan aims for establishing an electronic toll system for China’s expressways by 2025.

The move to dismantle the real tollgates will help resolve traffic jams on provinci

al borders, said Dai Dongchang, vice-minister of transport in a policy briefing in May.

The ministry has piloted dismantling 15 concrete tollgates on provincial borders in three provinces — Jiangsu, Shandong an

d Sichuan – as well as the municipality of Chongqing. Time to pass was greatly reduced from 15 seconds to two seconds f

or passenger vehicles and from 29 seconds to three seconds for freight vehicles.

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Despite headwinds from the trade tensions, global investors

s are still optimistic about China’s economic prospects, said Z

hang Zhiwei, Deutsche Bank’s chief China economist and head of China equity strategy.

Foreign investors believe that China has enough policy tools to offset short-term downside pressure, while th

e financial risks are under control as the country’s debt level has shown signs of stabilizing, Zhang said.

China’s overall debt-to-GDP ratio had dropped to 249.4 percent by the

end of 2018, 1.5 percentage points lower than a year earlier, according to the PBOC.

If trade tensions escalate further, more opening-up policies in the sectors of medical care

and education will help boost global investors’ confidence in the Chinese economy, Zhang added.

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Ministry: Foreign firms won’t disregard own interests

Enterprises in any country will not disregard their own interests and blindly follow other cou

ntries’ “political command”, Foreign Ministry spokesman Lu Kang said on Thursday, after comp

anies confirmed cooperation with Chinese telecommunications equipment maker Huawei will continue.

Panasonic made a “solemn statement” on Thursday that it is supplying Huawei normally, rebukin

g reports that it will cut parts of the component supply. British Telecom, parent group of telecom oper

ator EE, said on Wednesday Huawei will continue to supply their 5G radio network infrastructure, Xinhua reported.

China hopes that the US can take a serious attitude about going back to the negotiating table and ensure that negotiations are meaningful, said Lu.

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All of my knowledge and expertise in the space field

 was about ground operations, such as telemetry, tracking and command of spacecraft.

“I want to study satellites. I want to learn and work on communications satellites operating in low Earth orbit, because no

w we have a communications satellite in geosynchronous orbit, and remote-sensing satellites in low Earth orbit,” he said.

“I want to learn how to combine these technologies and do some research here in Beijing, s

o when I come back to my country I can help to develop our own satellite technology,” he added.

Each of Venezuela’s three satellites-one communication and two r

emote-sensing satellites-was designed, built and launched by China.

The Beijing-based China Academy of Space Technology, a subsidiary of State-owned spa

ce giant China Aerospace Science and Technology Corp, is a major developer of satellites and spaceships in China.

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“They want it to look like an impeachment hearing

 because they won’t bring impeachment proceedings,” Collins said.

The report detailed extensive contacts between Trump’s 2016 preside

ntial campaign and Moscow and the campaign’s expectation that it would ben

efit from Russia’s actions, which included hacking and propaganda to boost Trump and harm Democratic can

didate Hillary Clinton. The report also detailed a series of actions Trump took to try to impede the investigation.

Mueller, a former FBI director, concluded there was insufficient evide

nce to show a criminal conspiracy and opted not to make a conclusion on whether Trump committed obstruction of j

ustice, but pointedly did not exonerate him. Barr has said he and Rod Rosenstein, the Justice Department’s No. 2 off

icial, then determined there was not enough evidence to charge Trump with obstruction.

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When more countries that are mainstream travel desti

tinations launch such services for Chinese, more will follow suit,” Dai said.

Industry insiders said that the rapid development of internet technology in C

hina and people’s heavy use of online shopping, mobile payment and banking servic

es have allowed e-visa services to take root quickly in the country.

“Such services, which save the time and trouble of sending passpo

rts and paper documents back and forth, suit the young groups, who usually don’t plan for a trip far ahe

ad of time,” said Li Ailing, founder of lvyouquan.com, which provides tourism information to agencies.

Objectivity and impartiality were emphasized in the latest draft revisions to the Judge

s Law and the Procurators Law submitted to China’s top legislature for review on Saturday.

According to the drafts, judges should adjudicate based on facts and t

he law, guided by objectivity and impartiality. Procurators should do the same.

Procurators must strictly ensure that crimes are punished only under the law, and protect hum

an rights. They must prosecute criminals while protecting the innocent from criminal prosecution, the draft revisions say.

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As China has provided a clear policy of openness, transpare

ncy and reliability – a clear understanding of how the company can ensure sustain

able investments over a long period of time – Merck has initiated more

innovation hubs in China, Beckm

ann said. There will be more to come, in recognition of the innovative

environment here that is really moving in a positive direction.

“We think it’s great that Hainan has this free trade zone that has enabled innovative m

edicines to get a fast channel into China,” Gabor said, adding that Merck is trying

to work with Boao’s Su

per Hospital in therapy areas like oncology and infertility, as well as

chronic care disease.

Beckmann also took the Greater Bay Area as an example, describing it as a

very important region, specifically for the electronics industry.

“We have very important partners and customers in that regi

on, so it was quite natural for us to move with our innovation hub concept into the Greater Bay Area,” h

e said, adding that the company is building its digital initiatives with local

partners, such as Alibaba Health and Tencent.

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China becomes second-largest source of ‘unicorn com

China has become the world’s second-largest source of “unicorn companies” accordi

ng to the latest report on China unicorn companies by the Evergrande Research Institute.

With 88 in total, China is the world’s second-largest source of unicorn compani

es following the US with 151. The report cited data from IC Insight gathered between 2013 and Dec 31, 2018.

Twenty-two companies worldwide were included as super unicorn companies in 2018 and C

hina’s Fintech company Ant Financial ranked first in value worth $150 billion, the report said.

The US and China had the greatest number of new sup

r unicorns worth $10 billion last year with 12 and 7 respectively, accounting for 86.4 percent of

the world’s total. The UK, India and Singapore had one of these companies each in the same period.

New energy vehicles, artificial intelligence chips, robots, big da

ta, computer vision and cloud computing are the main areas for these emerging unicorns.

www.shlfcom.cn

His arrest may have an impact on upcoming Indian election

due to take place in May.

The discovery of the alleged fraud and Modi’s refusal to return to India to face criminal charges has in

creased pressure on Prime Minister Narendra Modi — no relation to Nirav Modi — who promised to fight corruption in India.

Tuesday’s arrest and the possibility of extradition could help to improve the Prime Minister’s tarnished image.

Rahul Gandhi, leader of the principle opposition party Congress, has repeatedly attacked PM Modi on his failure to bring fugitives back to India.

In 2016, liquor baron Vijay Mallya left the country owning an estimated $1.6 billion to 17 Indian banks.

The process for Mallya’s extradition to India is ongoing. He has denied fleeing the country ov

er his debts and described charges of fraud and money laundering as “false, fabricated and baseless.”

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ident Xi Jinping, also general secretary of the Communist Party

This year crucial for realizing five-year plan on development of the armed forces

President Xi Jinping urged the military on Tuesday to make all-ou

t efforts to ensure its goals for 2020 are fully realized in a timely manner.

Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Co

mmission, told national legislators from the People’s Liberation Army and the People’s Armed Police Force th

at this year is crucial to fulfilling the armed forces’ 13th five-year development plan, from 2016 to 2020.

He asked all military personnel to understand the significa

nce and urgency of the plan’s realization and spare no effort to turn its goals into reality.

Xi ordered the military to focus on improving its comb

at readiness and capability. It should also deepen its reform, foster innovation and present new

achievements for the coming 70th birthday of the People’s Republic of China in October, he added.

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