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Government pledges more red tape cuts of items requiri

China will further cut the number of items requiring certificatio

n and refine the procedures through institutional inno

vation to improve government services and foster a more enabling business environment.

The decision was made at the State Council’s executive meeting, chaired by Premier Li Keqiang on Sunday.

Participants at the meeting agreed that the government’s efforts in recent years to repeal unwarranted certification requ

irements and deepen the reform of government functions have produced notable results.

“These are crucial steps benefiting both companies and individuals

,” Li said. “At a time when the economy still faces uncertainties, removing these unjustified cer

tification requirements will help boost market vitality and improve the business environment.”

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hina’s growth a source of hope for allong proclaimi

With Chairman Mao Zedong proclaiming the founding of the People’s Republic of China on

Oct 1, 1949, the Chinese people began leaving behind a century of colonial humiliation and building a new life.

What remains poorly understood by the wider world even seven decades later is how dire were

the conditions in China during those days. While China sustained its triumph, Chinese people’s living stan

dard 70 years ago was barely 5 percent relative to their counterparts in the United States.

It was a dire starting point.

Transitions that raised China’s living standard

In the late 1970s, Deng Xiaoping introduced “reform and opening-up” policies

and established special economic zones, which ultimately facilitated China’s entry int

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The kind of view that he expressed is certainly in th

 right direction, and I’m encouraged by all of that,” said Jack Perkowski, a Wall S

treet veteran and founder and managing partner of JFP Holdings in New York.

Perkowski said that when combined with a perceived lack of legal enforc

ement, the issue of protecting IPR has always been the single biggest hurdle for most

companies from the United States when thinking about entering the China market.

He said every aspect of doing business in China has gotten better in the past two decades in the view of international investors.

Perkowski said IPR protection has emerged as a key issue. “China is deve

loping economically and technologically, so the bar is getting higher,” he said.

Savio Chan, CEO of US China Partners Inc, a business development f

irm, said the government’s crackdown on “squatting”-registering a large number of tradem

arks in order to unfairly profit-will improve the environment and help enterprises build brands with real value.

euitdm.cn

NPC reviews Securities Law amendmentdamental law governin

Country may soon adopt revision to pave way for capital market reform

The top legislature deliberated on the draft revision of the Securities Law over the weeke

nd, signaling China may soon adopt the revision to pave the way for key capital market reforms, experts said.

On Saturday, the draft revision was submitted to a bimonthly s

ession of the Standing Committee of the National People’s Congress for a third reading, Xinh

ua News Agency reported. The session began on Saturday and continues through Tuesday.

Revision of the fundamental law governing the capital market h

as lasted for six years, with 2015 and 2017 having seen readings of two draft versions.

“The latest draft version is of great importance because it will provide legal grounds for the registration-based initial pub

lic offering system-a key reform that China’s capital market has been awaiting for years,” said Dong Dengxin, director of th

e Finance and Securities Institute at Wuhan University of Science and Technology.

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A PLA Navy carrier battle group sails in formation. en active in

The Chinese People’s Liberation Army Navy has been active in pr

oviding security products for the international community since its founding, Qiu said.

The navy has paid over 100 visits to 94 countries and 138 ports, and has held more th

an 60 joint military drills with foreign navies over the 70 years, according to Qiu.

Since 2008, the navy has sent 32 escort fleets, 103 vessels, 69 helicopters and more than 27,000 officers and soldiers to escor

t over 6,600 vessels, more than a half of which were foreign merchant ships, he added.

Since 2010, the naval hospital ship Peace Ark has traveled to 43 countries and regions and provided free medical servi

ces to over 230,000 people, Qiu said.Under the current IPO system, new shares are subject to approval from t

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Ma Xiaoguang, spokesman for the State Council’s Taiw

wan Affairs Office, said in a statement on Tuesday that the exercise aimed to protect national sover

eignty and territorial integrity, as well as protect the common interests of people from both sides of the straits.

Taiwan’s administration, led by the Democratic Progressive Party, used the drill as an opport

unity to “deceive and mislead the residents of Taiwan and to provoke and escalate a cross-Straits confrontation,” Ma said.

“Its goal of undermining cross-Straits relations and the peace and security of the region will not succeed,” Ma said. “Nobo

dy should underestimate our adamant resolve and ability to protect national sovereignty and territorial integrity.”

On Tuesday, Taiwan leader Tsai Ing-wen said she will not be intimidated by the military d

rill, calling the exercise “a threat to Taiwan” and an act of “coercion”, the island’s media reported.

Tsai also thanked the United States for considering a deal with Taiwan to renew a $500

million training program in the US for Taiwan F-16 pilots and maintenance crews.

21nh.cn

AI major now available at universitiesigence-powered

Universities in China will welcome the first group o

f undergraduate students majoring in artificial intelligence in September.

According to a list issued by the Ministry of Education, 35 universities received approval to establish th

e four-year undergraduate AI-related majors amid the country’s drive to build a strong AI talent pool.

They include many prestigious universities such as Beijing Jiao

tong University, Beihang University, Nanjing University and Xi’an Jiaotong University.

Lin Youfang, vice-dean of the School of Computer and Information Technology at Beijing Jiaotong University, said the scho

ol plans to enroll about 30 undergraduate students majoring in AI in September.

There might be more students majoring in AI who transfer from other m

ajors through a selection process if the new major proves to be successful, he said.

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At least 2 killed in aircraft collision in Nepal’s Lukla airport

At least two people were killed after an aircraft of Summit Air collided with a helico

pter at Lukla Airport in Nepal on Sunday morning, according to local authorities.

Locals said a Summit Air plane with call sign 9N-AMH collided with a helicopter of Manang Air, which was parked within the airport premise.

“At least two persons have been dead, while few others are injured,” local media rep

orted. It has been reported that the Summir Air plane was en route to Kathmandu from Lukla.

The detail of casualties has yet to be ascertained.

Lukla airport is the nearest airport to the world’s highest peak Mou

nt Qomolangma, while April-May is the peak climbing season in the Himalayan country.

In the springtime, domestic airline companies conduct over 50 flights everyday to Lu

kla, known as Tenzing Hillary airport, featuring vibrant terrains and harsh weather patterns.

Due to the extreme wind pressure, all round-trip flights are usually operated in the morning

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The objective is part of its larger goal, set in 2014, to m

move 100 million rural residents, mostly migrant workers, to cities by 2020.

Under the plan, cities with a population under 3 million should remove all limits on hukou — hous

ehold registration — and cities with populations between 3 million and 5 million should relax restrictio

ns on new migrants. Having hukou in a city generally confers more social benefits on residents.

Megacities including Beijing and Shanghai should improve the points system to qu

alify for household registration, allowing more people to settle in those cities.

“In the future, the main driving force of China’s urbanization will be conferring the benefits of urban

citizenship on rural migrant workers,” said Xu Lin, former director of the NDRC’s development plan

ning department. “In this process, it is key to offering new migrants treatment equal to that of city residents.”

China has made steady progress in urbanization, as permanent urban residents amounted

to 831 million at the end of 2018, up by 17.9 million from the previous year, according to the National Bureau of Statistics.

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The announcement was a rare move for Apple, known in

the electronics industry for keeping tight wraps on product plans until it publicly launches them at

splashy events in Silicon Valley. The early announcement of AirPower, along with a wirelessly char

ed version of its AirPods headphones, was a break in that tradition. Apple released the updated AirP

ods last week, heightening speculation that the accompanying charging mat would come soon.

Daring Fireball, a website that covers Apple news, previously reported that Apple engineers h

ad issues with devices overheating on the AirPower pad. Apple declined to comment beyond its statement on the project.

Apple offered wireless charging in the iPhone in 2017, after many of its

rivals such as Samsung Electronics Co Ltd had offered the feature for several years. Whil

e rumors circulated that Apple might create its own unique wireless charging technology, the company instea

d chose to use a system that works with Qi, an open industry standard already in use by Samsung and others.

Apple shares did not move on the news, and shares of NXP Semiconductors and STMicro

electronics, two major suppliers of chips used in Qi systems, appeared to be unaffected also.

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