China said late on Monday that it will increase tariffs on the bulk o $60 billion of US imports to three categories of rates between 10 percent and 25 percent. For the rest of the US imports, the duty rate remains at 5 percent, acc ording to a statement released by the Customs Tariff Commission of the State Council. The tariffs will hit around 5,000 products such as food, chem icals and auto parts, and are due to take effect on June 1, the commission said. In a separate statement on Monday, the commission said i t will be open to tariff exemption applications forRead More →

various social conflicts, and said efforts must be made to address legitimate and lawful concerns to safeguard public int erests, and also guide the public in voicing their concerns in a law-based manner to maintain social order. Strong pressure must be maintained to crack down on crimes such as organized gang activity, violent and terroristic cri mes, as well as those related to fraud, robbery, food and drug safety, and environmental protection, Xi said. Calling social fairness and justice a lifeline for judicial and law enforcement work, Xi called for improving the mec hanism of the use of power in law enforcement as well asRead More →

Negotiators from two sides aim to meet next week in Washington to continue Vice-Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven M nuchin met in Beijing from Tuesday to Wednesday for the 10th round of trade talks between China and the United States. The two sides are working on putting bilateral trade on a stronger footing, and the lat est meetings were productive, Mnuchin wrote on his Twitter account, without giving details. A Chinese team is scheduled to visit Washington next week for another round of talks, Xinhua News Agency reported. Liu is also a member of the Political Bureau ofRead More →

President Xi Jinping delivered a keynote speech at the opening ceremony of the Second Belt and Road Forum for International Cooperation in Beijing on Friday. Here are the highlights. Belt and Road opens up new space for global economic growth Joint building of the Belt and Road has opened up new space for the world’s economic grow th. It also created a new platform to boost international trade and investment, expanded new practices to optim ize the global economic governance, and made new contributions to improving people’s well-being of all countries. High-quality development of Belt and Road stressed The principle of extensive consultation, joint contributionRead More →

Mandarin learners encouraged to play parts in fostering bilateral friendship President Xi Jinping encouraged a group of United States high-school students to boost friendship between China and the US as he replied to their letter written to him in Chinese. “I hope you will make the best of your time, study hard and contribute y our part to a deeper friendship between the people of our two countries,” Xi wrote in th e letter, saying the young generations represent the future of the Sino-US friendship. Over 40 students from Niles North High School in the state of Illinois who are studyi ng Mandarin Chinese recentlyRead More →

The death toll from a rash of bombings at churches and hotels in Sri Lanka rose past 200, police and local media said. “Altogether we have information of 207 dead from all hospitals. According to the information as of now we have 450 injured peop le admitted to hospitals,” Police Spokesman Ruwan Gunasekera told reporters in Colombo. Altogether eight explosions have ripped through the country so far, with six blasts hitting in t he morning and two in the afternoon. The curfew has been imposed from 6 pm Sunday to 6 am local time on Monday. The Morning explosions occurred when hundreds of worshipe rsRead More →

China’s economy, despite headwinds, has enjoyed a good start in the first quarter of 2019, and the country has the confide nce to achieve the annual projected growth goal, said the country’s top economic planner. “The first quarter’s stable economic development has laid a solid foundation for the an nual growth,” said Yuan Da, spokesperson with the National Development and Reform Commission. “The economy has stayed on the track of steady growth. We have the confidence, conditio ns and capability to meet the projected targets for economic and social development this year.” Yuan made the remarks at the NDRC press conference on Thursday in Beijing.Read More →

Under a pilot scheme, the first group of six provinces and cities sold 6.8 billion yuan in bonds at commercial bank counters to individual buyers between March 22 and early April. The coupon rates are between 3.01 percent and 3.33 percent, higher than treasury b onds issued by the central government as well as bank deposits with the same maturity. Gross local bond issuances hit 1.18 trillion yuan in the first qua rter, compared with only 219.5 billion yuan in the same period last year. The total quota for 2019 local government bond issuances is 3.08 trillion yuan, according to the Ministry of Finance. “AboutRead More →

China would like to enhance strategic communication and deepen cooperation with Myanmar no matter how the international situation changes, President Xi Jinping said on Wednesday. Xi made the remark while meeting with Myanmar Commander-in-Chief of Defen se Services Senior General Min Aung Hlaing at the Great Hall of the People in Beijing. The two countries should deepen their comprehensive strategic cooperation to bring more practi cal benefits for the people of both countries and contribute to regional stability and prosperity, Xi said. Noting that military cooperation is an important part of China-Myanm ar relations, Xi said that the two armies should enhance pragmatic cooper ationRead More →

  levated China’s ties with Italy, Monaco and France to a new level, and injected new impetus into China-Europe compreh ensive strategic partnership, Chinese State Councilor and Foreign Minister Wang Yi has said.   When the world is undergoing profound changes unseen in a century, Xi’s Europe tour, hailed b y the international community, is dedicated to deepening partnership for cooperation, improving global governance, and uphol ding multilateralism, which shows China’s sense of responsibility as a major country, Wang said.   In six days, the Chinese president attended over 40 events during his visit to five cities including Rome, Palermo, Monaco, Nice a nd Paris, Wang noted, addingRead More →