Unlike the second version, the latest one included rule

on the new science and technology innovation board, which will pilot the registration-based IPO system, according to Xinhua.

To accommodate the progress of reforms and development of the capital market, other modifications have also been made, cov

ering public issuance of securities, securities trading, and the protection of investors’ rights and interests, Xinhua said.

Dong expects the latest version to legitimize registration-based IPO systems not only

on the new board, but also across China’s whole A-share market. “Once the system achieves success on the n

ew board, it should be adopted on other submarkets as soon as possible,” Dong said.

President Xi Jinping announced in November that China will launch the S&T innovation board and pilot the registr

ation-based IPO system. Analysts expect the new board to begin trading around the middle of this year.

“The latest draft is expected to make comprehensive revisions, and it could go a long way

toward restoring public investors’ confidence and modernizing the regulation and governance of the ca

pital market,” said Liu Junhai, director of the Business Law Center at Renmin University of China.

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Wheat growing on a farm in Huai’an, Jiangsu province

A threat to the viability of the current WTO dispute settlement system is the unilateralism and

protectionism of the United States. Specifically, this mechanism is in crisis because the Unit

ed States has prevented the appointment of new judges to the appellate body. Experts have warned that if th

e appellate body were to shut down because of a lack of judges, global trade governance will be put back 20 years.

Of course the WTO also needs to continually reforming itself so that it can keep up w

ith the times, and many countries have put forward relevant suggestions. For instance, the European Uni

on has released a paper putting forth ideas for a comprehensive modernization of the WTO, and the United States, Eur

ope, and Japan have together submitted a their own proposed reforms. And in November last year, China ann

ounced that it supported necessary reforms of the WTO and raised five proposals that aim to firmly uphold the rules-ba

sed multilateral trading system, resist protectionism, and let the WTO play a bigger role in world trade.

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Gao cited data to rebut that view and urged AmCham Chi

ina to evaluate China’s market access and business environment for foreign investors in a “comprehensive, objective and fair” way.

The ministry’s data showed that US investment in China jumped 71.3 percent year-on-ye

ar in the first three months of this year. In 2018, US investment increased 7.7 percent year-on-year.

Gao said expansion of the investment figures fully demonstrates that US compan

ies continue to be optimistic about the market and accelerate the pace of investing in China.

Gao cited another survey published in February by AmCham China that showed that most US

companies with operations in China said they have continued to see their revenues grow there.

Gao said the ministry will maintain close contact with foreign enterprise

s and business associations, and continuously improve China’s business environment.

hdflower.net.cn

The situation is very much like the ceiling of a roo

m in which airborne particulate matter is present. The lower the ceilin

g is, the higher the density of pollutants which then mix with the cleaner air.

With a low mixing layer, Taihang mountain range to the west and the Yanshan mountai

n range to the north serve as walls that form a semi-closed “room” in the Beijing-Tianjin-Hebei cluster.

The high level of emissions is the major reason for air pollution in th

e greater Beijing area, and meteorological conditions also play a key role as an exte

rnal factor, said Xu Xiangde, a researcher at the Chinese Academy of Meteorological Sciences.

Zhang Xiaoye, Xu’s colleague, said the “marked effect” of continuous pollutant accu

mulation on meteorological conditions could make overall pollution even worse.

“After the accumulation reaches a certain level, it will further wor

sen the meteorological conditions, which then will further affect air quality, causing explosive

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Top economic planner bullish on reaching annual growth

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.

According to data from the National Bureau of Statistics, China’s economy expanded at a faster-than-expected 6.4 perce

nt year-on-year in the first quarter. The growth was unchanged from that in the fourth quarter in 2018.

www.9402267.org.cn

The monkeys implanted with human genes developed bett

better short-term memory and faster reaction times compared with the control group, acco

rding findings published March 27 in the China-based journal National Science Review.

The study also found that transgenic monkeys’ brains took longer to develop, in a similar fashion to humans.

The experiment has divided the scientific community however, with a number of Western scientists criticizing it as uneth

ical, while some went as far to suggest, perhaps ironically, that it could lead to a Planet of the Apes-type scenario.

The Kunming Institute of Zoology told China Daily in a statement that the experiment was ethically approved in 2010.

In 2015 the animal rights committee of Kunming Biomed International, a research organiza

tion specializing in nonhuman primates, also declared the animals were being treated humanely in every

step of the experiment, in accordance with domestic and international regulations, the statement said.

milkingmachines.cn

Military aircraft exhibition opens in Xi’an display at the

Aviation Industry Corp of China, the country’s leading aircraft manufacturer, on Sunday launched an ex

hibition park in Xi’an, Shaanxi province.The park is located in an aviation industry compound in Xi’a

n’s northeastern suburb and showcases 16 aircraft used in flight testing.The exhibits represent prototypes of the Chinese military’s major aircraft down

through the years, including the CJ-6 basic trainer, J-7 fighter jet, KJ-2000 early-warning and control plane, as well

as the Z-10 attack helicopter.A J-8II fighter jet is on display at the exhibition park that opened to the public on Sunday in X

i’an, Northwest China’s Shaanxi province. Photo by Zhao Lei/chinadaily.com.cnThese aircraft contri

buted significantly to China’s aviation industry and flight test endeavors, and highlight the growth of the co

untry’s aviation sector, according to an Aviation Industry Corp of China statement.In addition to the aircraft, the par

k also features relief sculptures depicting the histories of Chinese planes’test flights.

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IMF upbeat on China’s 2019 growth in Zhuhai, Guangdong

The International Monetary Fund said on Tuesday that it expects China’s economy to grow 6.3 percent in 2019-up 0.1 perce

ntage point from its prediction in January. Analysts said the world’s second-large

st economy is set to remain stable as authorities continue to implement supportive policies.

The latest World Economic Outlook, released at the start of the sp

ring meetings of the IMF and the World Bank in Washington, also predicted the United States e

conomy would grow 2.3 percent this year, 0.2 percentage point lower than the IMF’s earlier forecast.

The outlook for China falls within the range of the country’s targeted goal of securing between 6 p

ercent and 6.5 percent growth for this year, and is very close to that of Chinese researchers.

On April 1, Zhang Ping, a researcher at the Institute of Economics of the Chinese Acad

emy of Social Sciences, said China’s GDP growth should remain at 6.2 percent in the fir

st half, and average 6.3 percent for the whole year, thanks to incentives including tax and fee cuts.

shadoujiazu.com.cn

On the China-CEEC leaders’ meeting, Chen said the

mechanism has made good achievements in economic cooperation over the past several years, including freight trains running between C

hina and Europe. The mechanism should continue focusing on concrete projects in infrastructure and other key areas, she said.

People-to-people exchanges, including education and tourism, should also be stren

gthened to improve mutual understanding between their people, Chen added.

China will take key measures in a new push to improve its cities through boosting the urban pop

ulation and bolstering the nation’s high-quality and stable economic growth, the country’s top economic planner said.

Measures include relaxing residency curbs, promoting investmen

t and financing mechanisms and increasing infrastructure spending in cities.

The National Development and Reform Commission issued on Monday key tasks for 2019’s new urbanizatio

n boost, which will help maintain the country’s sustainable and healthy economic growth and overall social stability.

China aims to increase the urbanization rate by at least 1 percentage point by the end of this year, accordi

ng to a document posted on the NDRC’s website. The proportion of urban population to total population reached 59.58 percent in 2018.

whcoding.cn

Greetings, gifts flooding firefighters after tragedy

A delivery man left several cartons of milk and rice cereal at Huaibei Road Fire Brigade in Shijiazhuang, Hebei province. The gi

fts came with a note that said, “Toughest firefighters, promise me to come back safe and sound after every mission.”

An anonymous customer had placed the order for the Thursday afternoon delivery.

On the same day, Fuqiang Street Fire Brigade in Shijiazhuang also re

ceived 14 boxes of milk tea and yogurt from an anonymous person, along with a note that s

aid, “Protect yourselves and return safely. You have safeguarded people, and people will safeguard you, too!”

The public outpouring of compassion came after 31 people died in a forest fire in remo

te mountains in Sichuan province on March 31. The dead included 27 firefighters and four locals.

“When we saw the gifts and notes, everyone was deeply to

uched,” said Wei Zishuai, 32, commander of the Huaibei Road Fire Brigade.

“All our hard training and sacrifices are not in vain,” Wei added.

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