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accelerate the process to fully lower the market access threshold for foreign investments in
banking, securities and insurance, the premier said. Service sectors, including medical care and educ
ation, will be opened up along with transportation, infrastructure and energy, he said.
Li said China will further make it easier for foreign companies to set up a venture capital presence and will improve regulati
ons on foreign investors’ strategic investments in listed companies and their mergers with and acquisitions of domestic enterprises.
Also, preferential policies for investments from Hong Kong, Macao and Taiwan w
ill remain unchanged, and greater development opportunities will be offered for them, Li said.
Wang Huiyao, president of the Center for China and Globalizaton, said he was impressed by Li’s speech to cl
ean up rules and regulations inconsistent with the Foreign Investment Law as well as to launch a more streamlined negative list.
“It shows China’s attitude of further opening-up, which is a higher-level and more concrete commitment of China,” he said.
Leif Johansson, chairman of global biopharmaceutical giant AstraZeneca, said
Li’s speech reflects the determination to create a more open, fair and transpare
A memorial service was held on Wednesday for victims who died in a chemical plan
t explosion seven days prior in Xiangshui township, Yancheng city, East China’s Jiangsu province.
More than 200 officials, police officers, firefighters, bereaved families and volunteers attended the serv
ice at 7:30 am. The cars at the site honked their horns and attendees presented flowers to pay tribute to the victims.
To date, the deadly explosion of Jiangsu Tianjiayi Chemical Co in Yancheng’s Xiangshui county has claimed 78 lives.
According to Chinese tradition, the seventh day after a death marks the height of the mourning period.
subsidies continue gradual phase-out
China will whittle down subsidies on new energy vehicles as the industry develops and cost drops, aiming to boost high-quality development in the NEV sector.
The newest measure will lower subsidy standards for new energy passenger cars, buses and t
rucks, taking factors such as industry growth, cost reduction and subsidy phase-out policies into consideration, the
Ministry of Finance said in a joint statement Tuesday, adding the move was set to bring more competition in the industry.
inistration put into practice the Taiwan Travel Act and the Asia Reassurance Initiative Act, both passed last year, to fulfill its promise to the Tsai authorities. In their
letter to US President Donald Trump, some Congress members have said the Taiwan Relations Act will help mai
ntain peace, security and stability in the Indo-Pacific region and suppress Beijing’s so-called aggression.
Moreover, to seek the US’ protection and contain Beijing, the Tsai authorities have been hyping up
the island’s strategic value for Washington. But the fact is, the empty promises given by the Congress me
mbers cannot guarantee any safety to the Tsai authorities and, instead, could put them in danger.
Ahead of the 2020 elections on the island, some US Congress members are incitin
g the Tsai authorities to provoke disputes with the mainland by supporting those seeking “Taiwan ind
ependence”. But since any attempt to split Taiwan from the motherland would lead to a conflict, it will be in the interest of neith
er side of the Straits nor the US. Worse, such a conflict would destroy peace and stability in the entire Asia-Pacific region.
fossils representing more than 50 previously undescribed animal species dating back 518 million years.
The soft tissues of their bodies, including muscles, organs, eyes and mouths are still visible in some
of the 4,351 fossils discovered in Yichang, Hubei province, according to a new study published in the journ
al Science on Friday. The excavated fossils represent 109 species, including known jelly fish, arthropods and algae.
Fu Dongjing, associate professor at Northwest University in Xi’an, Shaanxi, also the first author of the paper, said the research g
roup started exploring the ancient ruins in the summer of 2007, in Changyang Tujia autonomous county. It was lo
cated on the bank of Qingjiang River where a representative insect from the Cambrian period was first found.
The new trove of fossils called the Qingjiang biota－the living organisms of a region－ha
ve the potential to greatly inform the understanding of early animal evolution, according to the study.
About 542 million years ago, life on earth diversified at an extremely rapid pace, known as t
he Cambrian explosion. Almost all present animal categories appeared at that time. Many creatures wen
t extinct in the process of evolution, but others became the initial form of future organisms.