nternational relations scholars of his generation think of the US
as an example of the value of “freedom, democracy, fairness and human rights”.
“But those words are no longer applicable to describe the US today,” he said.
ore than a short-term absence from US academic activities, and “it is the US’ loss, not ours”.
He also said the decision would not affect the Chinese think tank he leads in continuing aca
demic exchanges with the US, and he suggests that China should not take countermeasures over such matters.
“No matter how petty the US becomes, China should still stick to its open attitude rather compete for who’s worse,” he said.
The China-proposed Belt and Road Initiative is not a geopolitical tool or a debt trap for particip
ating countries, but a platform for cooperation, State Councilor and Foreign Minister Wang Yi said on Friday.
Wang made the remark at a press conference ahead of the second Belt and Road F
orum on International Cooperation, which will be held in Beijing next week.
eing restored as well. We have no room for even the slightest error,” Song said.
Liu Qingzhu, a cultural heritage expert at the Chinese Academy of Social Sciences, said, “In anci
ent times, thunderstorms were the biggest threats for wooden architecture. They became much safer after l
ighting rods were widely installed. However, the use of electricity in restorations has created a new problem.”
Unlike the stone structures of much ancient architecture in the W
est, wood was the primary building material in ancient China. “If a fire similar to the one at Notre
Dame in Paris happened at a Chinese building, the whole building would probably burn down,” Liu said.
Hours after the fire in Paris, the Palace Museum in
Beijing, China’s former imperial palace from 1420 to 1911 and also known as the Forbidden City, held an eme
rgency meeting to go over its fire-prevention efforts. It is the world’s biggest architectural complex made of wood.
he clock, a fire engine, over 160 hydrants, thousand of extinguishers, and fire walls, officials said last year.
But not all relics have such rigid supervision. A joint comprehensive survey was started in Septemb
er by the administration and the Ministry of Emergency Management. It found that 33 major institutions still don‘t meet stan
dards, and the State Council issued a notice on Wednesday that they were to receive the highest-level supervision.
On Tuesday, the administration urged local governments to immediately launch evaluations of potential hazards.
The new lawsuit against Liu Qiangdong, the billionaire founder and CEO of Chinese e-commerce giant JD, and his compan
y filed by a University of Minnesota student might further shake investors’ confidence, and tarnish the image
and reputation of the company, amid tougher competition from rivals such as Alibaba and Pinduoduo.
The Chinese student from University of Minnesota, who claimed she was raped last August by Liu, filed a c
ivil lawsuit against him in Minneapolis on Tuesday, four months after prosecutors decided not to pursue a criminal case.
August, and its shares have slowly crawled back since Decembe
r. Hong Tao, an analyst from GF Securities, said the tech heavyweight has faced troubles. JD’s adv
anced logistics system, which is its core strength, has been overtaken by Alibaba’s Cainiao Logistics.
JD is in the spotlight as it is reducing salaries for its delivery staff and seeing a round
of shake-ups in its management team. Its chief technology officer Zhang Chen, chief lega
l officer Long Yu, and chief public affairs officer Lan Ye, all announced their resignation within just one month.
The company said in February that it would lay off 10 percent of its senior executives above vice-president level this year.
The 7-coin set contains two gold coins and five silver coins, with a variety of shapes. Designs i
nclude traditional Chinese ornamentation, dragon, phoenix, flowers and bird. All are legal tender.
The coins are made by Shenzhen Guobao Mint, Shenyang Mint and Shanghai Mint.
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.
“About 60 percent of the bonds were issued for ongoing construction, especially
for shantytown renovation projects, railways and roads,” said Hao Lei, head of the ministry’s Budget Department.
While debt financing continues to grow, the government is experiencing sharp declin
es in fiscal revenue growth, especially from tax and land sales, official data showed.