By becoming the first G7 member to join the Belt

Road Initiative, Italy has set an example for other European countries on how to strengthen cooperation with China in the future.As for C

hina and France, the two countries inked agreements on deepening joint development, part

icularly through industrial cooperation. The two sides also signed billions of dollars worth of contracts.Now tha

t French President Emmanuel Macron, a firm supporter of European integration, has taken measures to im

prove China-France cooperation, the healthy and fruitful progress of Sino-French ties can in turn promote better C

hina-EU relations. Macron has always emphasized France’s position in the European integration project and China sup

ports his efforts.By reaching agreements on cooperation, Xi and Macron have paved the way for not only deep

er Sino-French cooperation but also overall Sino-EU cooperation, which was highlighted during Xi’s meeting with Germ

an Chancellor Angela Merkel and European Commission President Jean-Claude Juncker.

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Huawei’s rotating head addresses UK security concerns

Huawei’s rotating Chairman Guo Ping addressed UK’s securit

y concerns after the Chinese telecommunications company was criticized in a report on Thursday.

Huawei’s performance in the past 30 years has proven it has the best security record in the industry, Guo said at a press conference in Beijing on Friday.

The results from authorized professional test and evaluation companies in the US, UK and Finland show 9 out of 12 profes

sional capabilities of Huawei’s products have reached the top level and the other three are above average.

Huawei accepted the strictest and toughest tests from UK’s monitoring institution and was th

e first to promise worldwide that the company will make the process and results secure and trustworthy, Gao said.

The company’s board of directors made a decision to invest $2 billion to improve overall sec

urity capability in the next five years with openness, sincerity and trustworthiness, he added.

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We have sent farming experts to hybrid rice growing are

s overseas, and we give local farmers guidance, training and planning for future develop

ment,” said Xie, who has worked as an expert in Vietnam, Myanmar, Cambodia and Gambia.

Under the Boao Forum framework, Hainan has created a series of subforums, such as the

ASEAN-China Governors/Mayors Dialogue, the 21st Century Maritime Silk Road Island Economy subforum, the South China Sea su

bforum, the Roundtable Discussion for Overseas Chinese Business Leaders and Chinese think tanks, Wang said. “These diplo

matic platforms serve as new bridges to promote practical industrial cooperation between BRI countries.”

Activities at the Boao forum this year will highlight land and sea interconnectivity betwee

n BRI countries. Invitations will be sent to overseas participants to share in building a pilot free trade zone in Hainan.

Hong Kong youth groups will be invited to Hainan to see space satellite launch facilities, deep-sea science and techn

ology, seed breeding and other fields. Invitations will be extended to young people from ASEAN countries, Lanc

ang-Mekong river nations and BRI countries to promote people-to-people understanding, Wang said.

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hina to improve transport efficiency, reduce logistics costs

China will unveil various measures to improve transport efficiency and lower logistics costs, according to a spokesperson for the transport ministry.

Vowing to see a notable increase in transport efficiency in the next

three years, the country will accelerate the construction of a comprehensive tra

nsport network, spokesperson Wu Chungeng told a news conference on March 28.

Efforts will also be made to expand the electronic toll collection system and promote multimodal transport, Wu said.

Meanwhile, the logistics costs are expected to be reduced by 120.9 billion yuan (about $17.97 bil

lion) in 2019, and a logistics service system in line with the country’s high-quality growth will be established over the next three years.

To fulfill such targets, the ministry will optimize transport struct

ure, upgrade rail, road and waterway transport systems and expand the network of logistics hubs, Wu said.

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Considering that the two accidents took place after ne

 Boeing 737 MAX 8s were delivered, and went down just minutes after taking off, within five months of each other, they have some degre

e of similarity,” the administration said in its statement. The administration grounded all Chinese Boeing 737 MAX 8 jets on March 11.

“With China suspending the airworthiness certificate for the Boeing 737 MAX 8, domesti

c airlines are unable to purchase this model,” Li said, adding that it will undoubtedly cause great economic losses to Boeing.

As of the end of January, the Boeing 737 MAX family had 5,011 orders worldwide, of which 3

50 had been delivered. More than 420 orders came from China, with 96 already in commercial operation.

The future of the commercial aviation market in China is very exciting, Li said, and no othe

r country has more demand for aircraft. But safety questions are hindering Boeing, Li said.

A Southwest Airlines Boeing 737 MAX 8 heading to the California desert for parking during a global ban of the aircraft m

ade an emergency landing on Tuesday due to an engine-related problem shortly after takeoff, according to the carrier.

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hina urges UK to stop interfering in Hong Kong’s affairs

China on Thursday urged the United Kingdom to respect China’s sovereignty and stop interfering in Hong Kong’s affairs.

Foreign Ministry spokesperson Geng Shuang made the remarks after the UK government released its latest six-monthly report on Hong Kong.

“We urge the UK to face the reality that Hong Kong has returned to China for 22 years, respect China’s s

overeignty, stop releasing relevant reports, and stop interfering in Hong Kong’s affairs,” Geng said at a press briefing.

It is undeniable that the “one country, two systems” practice has achieved widely-acknowledged success, he said.

“Hong Kong’s affairs have been entirely China’s internal affairs since

July 1, 1997. The British side has no right to make irresponsible remarks or interfere with any excuses,” Geng said.

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The improvement is attributed to the establishment of a nati

national-level IP court under the Supreme People’s Court on Jan 1, which has strea

mlined the appeals process and helps prevent inconsistency in legal

applications, Ma said.

With such a national-level IP court,

litigants who disagree with the verdicts of local cou

rts at the city level or local IP courts can appeal directly to the top court instead

of appealing to provincial-level courts.

Under previous procedures, the two Chinese companies could not have appealed

to the top court directly but would have had to go to the Shanghai High People’s

Court after the first verdict.

Guan Yuying, an IP researcher at the Chinese Academy of Social Sciences, said

a streamlined litigation process and more p

rofessional judges for IP-related lawsuits will help ensure the judicial quality of

such complicated patent cases.

Wednesday’s trial was heard by a five-judge panel led by Luo Dongchuan, vice-

president of the top court and the chief judge of its IP court.

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Ground Force tests proficiency of top officersts exam will imp

More than 200 major generals of the People’s Liberation Army Ground Force simultaneously took part in a recent examin

ation held across the nation, marking the Ground Force’s first large-scale test of its high-ranking commanders.

The examination was arranged by the Ground Force headquarters and was held earlier this month in seven loca

tions – Beijing, Fuzhou, Nanning, Lanzhou, Jinan, Urumqi and Lhasa. The largest test site was at the Ground Force Acade

my of Armored Forces in Beijing with 52 examinees, according to a statement from the Ground Force.

Experts from PLA National Defense University and inspecto

rs from the Ground Force’s disciplinary committee supervised the examination.

Participants were mostly made up of major generals and some senior colonels – commanding officers from

departments under the Ground Force headquarters, academies, schools, regional branches and training and test bases.

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There is “more appetite” among them for western arts ac

oss the period, be they old masters’ paintings, impressionist, or modern and contemporary, he said.

The second trend is that Chinese and Asian markets continue to grow and flourish

despite short-term macroeconomic challenges the world is facing, Belin said.

“We continue to see strong appetite for collecting and strong growth.

We continue to see a very strong demand and we do see (in Asian Art Week here) very stro

ng buying appetite from our clients; a depth of biding that even surprised ourselves,” he said.

The third key trend in Asia is growing number of young collectors, Belin said.

“There are more young billionaires in Asia than we have in Europe and in the U.S., and that’s also reflected in collec

ting, which is very exciting for Christie’s, because we can bring our clients much earlier on the collecting journ

ey with the best art across the world. And we can accompany them for even longer time in their journey.”

The flourishing Chinese culture market represents “fantastic opportunities” for Christie’

s and the auction house always attaches greater importance to the Chinese market, said the senior industry leader.

Being the first international fine art auction house to be gran

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The study shows that nearly 20 large enterprises have spli

their business by locating the post-Brexit hub for one division in Frankfurt or Paris, and another in Dublin or Lux

embourg. The most obvious example is Bank of America Merrill Lynch, which has chosen Dublin as the EU hub for its bank

ing business, and created a new entity in Paris, which will be the hub of the its markets business.

Kieran Donoghue, the global head of international financial services, strategy and public

policy at IDA Ireland, an agency responsible for attracting foreign investment into that country, attributed the “m

ultipolar” scenario to the fact that no single financial center in Europe has the full and unique set of capabilities that London has.

“What makes London unique is that it has such a deep and broad set of capab

ilities in servicing the insurance, the asset management, and the investment banking industries, and none of t

he European financial centers has the same range of capabilities that currently reside in London,” Donoghue explained.

Nearly half of asset managers, hedge funds, and private equity companies in the re

port have chosen Dublin as the location for their post-Brexit operations, while more banks have chosen Frankfurt as th

eir main EU hub. Many are also expanding their markets business in Paris or adding staff in Amsterdam, Madrid, or Milan.

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