The government has started formulating matching regulations and rules to support implementation of the Foreign Invest

ment Law, adopted two weeks ago, Li said, adding that supporting regulations will take effect along with the law on Jan 1.

The draft amendment to the patent law has been submitted to China’s top legisl

ators. It sharply increases compensation for infringement to a cost that violators will not be able to afford, he said.

Forced technology transfers are prohibited and violators will receive harsh penalties, Li said. The complaint mecha

nism for foreign-invested companies will be perfected to improve exchanges and coordination between the gover

nment and investors, making it an effective way to protect the legal rights of foreign companies, he said.

China will not resort to massive economic stimulus to boost

growth, but will continue to open up and innovate to energize market players, Li said.

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hina and the United States will hold their eighth round of high-level economic and trade cons

ultations in Beijing on Friday, with “much work” remaining to be done, the Ministry of Commerce said.

Ministry spokesman Gao Feng said on Thursday that the two nations have made some progre

ss through recent phone discussions between Vice-Premier Liu He and US Trade Representative Robert Ligh

thizer and Treasury Secretary Steven Mnuchin. “But there remains much work to be done,” he said.

To iron out differences over certain economic and trade issues, China and the US have b

een intensifying their consultations. Next week, Liu will visit Washington for the ninth round of talks.

Negotiators from both sides are striving to implement consensuses reached betw

een the countries’ leaders in December, Gao said at a regular news conference.

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 to force foreign companies to transfer their technology,” Gao added, sayi

ng that the country’s Foreign Investment Law bars forced technology transfers.

The newly passed law, approved this month and set to take effect in January, stipulates that China will treat foreign and Chi

nese enterprises equally and protect their intellectual property rights. Under the law, foreign enterprises will recei

ve pre-establishment national treatment, in addition to a negative list system for market access.

A negative list shows areas where investment i

s limited or prohibited for foreign investors, with all other areas presumed to be open.

Gao said the ministry is working with relevant de

partments to conduct research on shortening the negative list for market access.

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Chinese local government bonds worth 1.4 billion yuan ($208.5 million) were snapped up by retail investors within a single day, after counter sales in banks we

re made available for the first time. The fundraising will help supplement a broader fiscal deficit this year, analysts said.

On Monday, individuals in China were able to purchase bonds issued by t

he Zhejiang provincial government (five-year term, 3.32 percent coupon rate) and the N

ingbo city government (three-year term, 3.04 percent coupon rate). Proceeds from the sales will be used for land purchases (300 million yuan) and shantytown renovations (1.1 billion yuan), acc

ording to a notice on the website of China Central Depository and Clearing, a clearinghouse under the central bank.

The minimum investment amount for retail investors is 100 yuan, lower than most wealth management products issu

ed by commercial banks. Previously, individual investors could only purchase bonds issued by the central government, kno

wn as treasury bonds. And before Monday, local government bonds were traded mainly in the interbank market.

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back to parliament on Friday, although speaker John Bercow repeated his warning that he

would not allow a third vote unless the motion had changed substantially since its last defeat.

May, who voted to remain in the EU in the 2016 referendum, had already promised to step down before the next election, due in 2022.

Her deal, defeated in parliament by 149 votes on March 12 and by 230 votes on Jan 15, mea

ns Britain would leave the EU single market and customs union as well as EU political bodies.

But it requires some EU rules to apply unless ways can be found in the future to ensure no bor

der posts need to be rebuilt between British-ruled Northern Ireland and EU member Ireland.

Many Conservative rebels and the DUP object to this “Irish backstop”, saying it risks binding Britain to the EU for years.

To succeed, May needs at least 75 lawmakers to come over to her side.

After the ERG met, a spokesman said: “There is no way enough votes are

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a different pair of shoes for the surface. I was overwhelmed, in an embarrassing way.”

Li played the final match of her stellar career at Wimbledon 2014 before retiring due to a chronic knee injury two months later.

Now enjoying life as a housewife and businesswoman, the two-time Grand Slam singles champion spares no effort to en

sure that China’s new generation of players are better prepared than she was for life as a pro.

Her passion for the sport remains undiminished and shone through at Tuesday’s event at Beijing’s

1123 Junior Tennis Academy, where the 37-year-old hit shots with some young hopefuls and shared insights about life on the tour.

With more international tournaments visiting the country and strong government support and investment, tenni

s has entered the athletic mainstream in China, yet the nation still hasn’t found anyone to assume Li’s throne.

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cles are starting to gain momentum in the private market. With the overall vehicle market remaini

ng flat, sales of new energy vehicles last year reached 1.25 million, up 61.7 percent year-on-year, and

the figure is expected to reach 1.6 million this year according to the China Association of Automobile Manufacturers.

China plans to stop subsidies on new energy cars by the end of 2020. To ensure a smooth transi

tion, the government decides to achieve this goal by enacting policy in several phases. This year’s subs

idy standard was slashed 50 percent on average from 2018, Xinhua reported, citing a person with knowledge of the matter.

The source said the proportion cut is basically consistent with falling ratios of general cost for co

mplete vehicles, while pointing out with the rapid expansion of the NEV industry some enterprises tend

ed to become reliant on long-standing subsidies, leading to weak competitiveness.

The statement also asked local governments to remove subsidies on purchases o

f new energy cars after a three-month grace period starting Tuesday. Instead, more funds will be used

to build infrastructure, including charging and hydrogen refueling facilities, and to facilitate relevant services.

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percent encountered illegal or bad information, the report said. And 69.1 percent

know how to protect their rights and interests through the internet and report infringements.

According to the report, 91.9 percent learn relative legal knowledge through offline means, and 72.3 percent learn legal knowledge through the internet.

The report suggests that the regulations on protecting minor netizens should be legislated as soon

as possible. Authorities should enhance content supervision and industry management, regulating ente

rprises to shoulder social responsibly, promote education on the internet among minors and crack down on infringement.

Chinese e-commerce giant JD is starting to cultivate key opinion leaders (KOLs) to build u

p its strength in the field of e-commerce, according to a report by technology media 36kr.

At its JD Shopping Circle, a mini program for WeChat providing a platform for users to post reviews on products and share experiences, JD la

unched a “Super Partner Program”, aiming to incubate online celebrities in the e-commerce sector to take a share of the fan economy.

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ovember 2018, France had invested in 5,647 projects in China, with actual investment value amounting to $17.49 billion.

“There are no official rules for French enterprises to succeed in C

hina. The main rule is to respect the Chinese people,” said Raffarin.

Well-known by many Chinese people as a “good friend” of China,

the 70-year-old said he has visited China more than 100 times since his first trip in 1970.

Residents in Chinese mainland will be able to apply for passpo

rts and travel permits at every exit and entry management department across the coun

try starting from April 1, according to National Immigration Administration on Tuesday.

The travel permits refer to the documents allowing mainland residents to travel to and from Hong Kong, Macao and Taiwan, it said.

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video platforms such as Kuaishou, Bilibili, Douyin and Huoshan, to obtain more data flows and encourage brands and buyers to do more live broadcasts,” Zeng said.

It also plans to tap into the social e-commerce sector, which is currently in its testing phase.

Experts say the livestreaming explosion is boosting China’s e-commerce sector. The new

format could display the commodities in more dimensions and increase users’ trust.

Cao Lei, director of China E-Commerce Research Center, said this method could attract consume

rs’ attention quickly and accurately as most of the livestreaming users are post-90s generation who are accusto

med to shopping online, as well as help online retailers to gain data flows and create a “real” shopping scenario.

“Immediate feedbacks could be given to merchants based on users’ instructions. Through their

mobile phones, consumers are able to talk with overseas buyers, which will greatly enhance users’ trust on the platform.”

China’s cross-border e-commerce sector has been growing rapid

ly over the past few years, owing to a rapid growth in the nation’s middle and high-income shoppers.

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