ROME — China and Italy signed here Saturday a memorandum of understanding (MoU) to jointly advance the con struction of the Belt and Road during Chinese President Xi Jinping’s state visit to the country. The two sides welcome the signing of the intergovernmental MoU on jointly advancin g the Belt and Road construction, said a joint communique issued by the two countries. The two sides realize the huge potential of the Belt and Road Initiative (BRI) in promoting con nectivity, and stand ready to strengthen the alignment of the BRI and Trans-European Transport Networks and deepen the cooperation in ports, logistics, marine transportation and otherRead More →

had to quit again as he had to pick up his son from primary school at noon. He joined the line again aft er lunch, but he didn’t have any idea about when his turn will come when China Daily interviewed him at 4:30 pm. There were so many donators that the organizers brought dozens of stools to the site so that people could rest after waiting a long time. Many people also came to Xiangshui People’s Hospital to offer free food and medicine for those hospitalized. Chen Y ueru, a member of local volunteer association, said they have received 2,177 boxes of packed foodRead More →

Chinese squad would be in an even more embarrassing position. “Chinese soccer is no longer among the best in Asia … for a long time now, we have been in th e second tier. Although we call our league the Chinese Super League, the word ‘super’ only exists in the name.” Retired Chinese international Li Yi, who helped Shenzhen win the 2004 CSL title, also expressed his concern online. “The current Thailand national team players are all in their prim e, and they will be strong opponents for Team China for the next few years,” said Li. “Now the old generation of Chinese players isRead More →

of the China Cup in three consecutive years-2-0 to Iceland at the inaugural edition in 2017, and 6-0 to Wales last year. Thursday’s defeat-the first test of newly appointed coach Fabio Canna varo who is also helming CSL side Guangzhou Evergrande-was harder to swallow bec ause Team China had defeated Thailand in the round of 16 at the Asian Cup in the United Arab Emirates in January. The 45-year-old Caannavaro, who took over from compatriot Marcello Lippi last week, has made headlines and triggered controversy because of the dual club-and-country role. “China now has the financial power to bring the best coach to manage itsRead More →

Letters of Undertakings to overseas banks to obtain buyer’s credit, according to India’s Central Bureau of Investigation (CBI). “Investigation further revealed that the fraud was allegedly perpetrat ed despite the knowledge of senior officials of Punjab National Bank, who did not impl ement the circulars and caution notices issued by the Reserve Bank of India regarding safeguarding the SWIFT oper ations and instead, misrepresented the factual situation to RBI,” according to a statement from the CBI last year. The CBI has raided dozens of offices and seized property worth millions of dollars belonging to Modi, who denies all wrong doing. He has already been chargedRead More →

  a voice to all the nation’s many minorities.   ”I am Hindu, I come from a privileged background, so for people like me, no matter which part y comes to power, we aren’t going to face the brunt of it. The most affected are the minorities and the poor… If a certain party comes to power, these people will face huge problems.   ”They are the people I want to keep in mind when I choose a party.”   For Aastha Kulshrestha, a 23-year-old law student from New Delhi, her expectation of the n ext government is that it should not pit one group or religion against theRead More →

ost, part of the measures to deepen reform and opening-up in order to improve China’s overall business environment, some assume Beijing is rushing t he draft through the NPC to help trade negotiations with Washington. Such assumptions are groundless, to say the le ast, because discussions on adjusting the existing regulatory statutes had begun around 2013. Plus, a 170-arti cle draft foreign investment law was published for public review way back in January 2015. Moreoverarticle draft in 2018 is nothing short of revolutionary, as it is aimed at a strategic turn in the country’s approach to foreign inv estment. Beijing’s concept of openness is noRead More →

continue this trend, further cutting the number of governmental approvals and improving efforts to serve business people. W hy? According to Li, delivering good services is what a government is meant to do. This will leave companies mo re time doing business and less time wrapped up in red tape. My family members doing business here will co ntinue to directly benefit and since time is money, the improvements should go directly to their bottom lines. When listening to Premier Li, I thought of something we hear often in the West: That the two Chinese characters for “crisis” come from those for “danger” an dRead More →

sformation from high-speed economic growth to high quality development, its econo my has reached a period of significant strategic opportunity. By 2035, China is e xpected to achieve socialist modernization with its per capita GDP reaching 35,000 int ernational dollars in terms of purchasing power parity (PPP). While the United States reached that level in 198 8, Germany, France, the United Kingdom and Japan did so in 1998, 2001, 2003 and 2004, respectively. But to realize that goal, China has to solve several significant long-term problems. First, it has to mai ntain high total factor productivity (TFP), which at present is only 43 percent thatRead More →

  told CNN that the wives of ISIS martyrs are there with their children and they don’t want to leave. Multiple US officials to ld CNN’s Barbara Starr that civilians still remain in the last piece of territory remaining under ISIS control.   Trump surprises allies, claims US-backed forces reclaimed 100% of ISIS territory in Syria   Trump surprises allies, claims US-backed forces reclaimed 100% of ISIS territory in Syria   David Eubank, director of the Free Burma Rangers, a Christian humanitarian group t hat operates in the area, estimates that in the last month, around 15,000 people have fled Bagh ouz.Before the offensive started, SDF officials estimated thatRead More →