Archive for ‘Chindia Alert’

01/04/2019

Chinese man critically ill after being hit by shared bike falling from building

  • Police investigating after 78-year-old sustains bleeding in the brain and multiple broken bones
  • Incident is latest mishap to hit China’s shared bike industry
Yang had been taking a stroll when he was struck by the falling bike. Photo: Weibo
Yang had been taking a stroll when he was struck by the falling bike. Photo: Weibo

A 78-year-old man in eastern China is in critical condition after being hit by a shared bicycle that fell from a tall building on Friday, mainland media reported.

The man, surnamed Yang, was standing by a ground-floor gate of the building where he lives in Nanchang, Jiangxi province, when a bicycle owned by bike-sharing company Ofo fell from one of the windows above, Jiangxi Television’s City Channel reported.

He was being treated in hospital for bleeding in the brain and several broken bones.

Yang’s daughter-in-law, surnamed Li, told the broadcaster Yang had been resting beside the gate while taking a walk on Friday afternoon when the bike hit him, knocking him to the ground.

Yang was hit as he paused by a gate to the building where he lives. Photo: Weibo
Yang was hit as he paused by a gate to the building where he lives. Photo: Weibo
Source: SCMP
01/04/2019

Huawei sales top $100bn despite US-led pressure

Person stands in front of Huawei logoImage copyrightGETTY IMAGES

Chinese telecoms giant Huawei said revenues topped $100bn in 2018 despite a US-led campaign against the business on fears it poses a security threat.

The firm said revenue for 2018 hit 721.2bn yuan ($107bn), while net profit jumped 25% to 59.3bn yuan.

The US and others have restricted the company over concerns that its ties to Beijing represent a security threat.

Huawei says it is independent and strongly denies its products pose a security risk.

The Shenzhen-based firm said global revenue surged 19.5% in 2018, its fastest pace of growth in two years. The result was supported by strong sales of smartphones in China.

At the same time its carrier business, which sells telecoms infrastructure to countries around the world, eased 1.3%.

Huawei is the world’s largest maker of telecoms equipment. It faces a growing backlash from Western countries on concerns over the security of its products used in next-generation 5G mobile networks.

The US, Australia and New Zealand have all blocked local firms from using Huawei to provide the technology for their 5G networks.

Several European telecoms operators are considering removing Huawei equipment from their networks, and a report by UK cyber authorities out this week strongly criticised the tech firm.

The report, issued by the National Cyber Security Centre, said it can provide “only limited assurance that the long-term security risks can be managed in the Huawei equipment currently deployed in the UK”.

Huawei has begun pushing back. It has launched a more aggressive strategy in recent months to counter what it sees as an American “smear” campaign.

Earlier this month, it filed a lawsuit against the US government over a ban that restricts federal agencies from using its products, arguing it is “unconstitutional.”

01/04/2019

China manufacturing returns to growth in March: Caixin PMI

BEIJING (Reuters) – China’s manufacturing sector unexpectedly returned to growth for the first time in four months in March, in a sign that government stimulus measures may be slowly gaining traction, a private business survey showed on Monday.

But growth in new domestic and exports orders was marginal, suggesting the economy will remain under pressure in coming months and will likely require more policy support before it can convincingly stabilize.

The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) expanded at the strongest pace in eight months in March, rising to 50.8 from 49.9 in February, above the neutral 50-mark dividing expansion from contraction on a monthly basis and the highest level seen since July 2018.

Economists polled by Reuters had forecast the reading for March would stay unchanged at 49.9. The surprise expansion seen in the Caixin survey echoed that seen in the official PMI released on Sunday, which also showed factory activity defying expectations for another contraction in March.

“With a more relaxed financing environment, government efforts to bail out the private sector and positive progress in Sino-U.S. trade talks, the situation across the manufacturing sector recovered in March,” Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group, said in a commentary accompanying the data release.

China has made proposals in talks with the United States on a range of issues that go further than it has before, including on forced technology transfer, as the two sides work to overcome obstacles to a deal to end their protracted trade war, U.S. officials told Reuters on Wednesday.

But sources close to the talks have stressed that a deal is by no means certain, and tit-for-tat tariffs on both sides have remained in place.

Zhang noted the employment situation improved significantly in March, a trend that may ease some government and investor concerns after the unemployment rate in urban areas for February rose to the highest since early 2017.

Caixin’s findings showed factories added headcount in March for the first time in 65 months, arresting a relentless spell of job shedding since October 2013. Some firms were hiring to support higher production and new business development, the release said.

New orders — an indicator of future activity — increased for the second month running, though the pace of growth was marginal. Output also grew for the second straight month.

New export orders expanded after contracting in the previous month. Though the rate of increase was fractional, Caixin said the broad trend appeared to have steadied in the first quarter.

Chinese manufacturers also signaled an improvement in pricing power in March, which could ease pressure on profit margins. Output charges edged up into expansionary territory and outpaced growth in input prices, reflecting reduced pressure from raw material costs.

“The producer price index might have risen faster year-on-year in March, and increased month-on-month, compared with a monthly decline in February,” Zhong added.

Optimism among businesses edged up to a 10-month high partly on expectations that market conditions, both at home and abroad, will improve, the statement said.

But purchasing activity declined for the third straight month, suggesting some firms remain cautious.
Economists at Nomura have forecast that China’s industrial production growth will moderate again in April and May after a brief rebound in March mainly due to last year’s low base.
Source: Reuters
31/03/2019

Construction of 2,240-MW hydropower station underway in upper Yangtze

LHASA, March 30 (Xinhua) — Construction started Saturday on the main structure of a 2,240-MW hydropower station on the Jinsha River, the upper section of the Yangtze River.

A cofferdam was built upstream of the construction site on Saturday in preparation for further building work.

The Yebatan Hydropower Station is located at the junction of Baiyu County in southwest China’s Sichuan Province and Konjo County in Tibet Autonomous Region.

It will be the largest hydropower station on the upper reaches of the Jinsha River upon completion.

With a total installed capacity of 2,240 MW, the power station will be able to generate about 10.2 billion kilowatt hours of electricity per year.

The project is undertaken by China Huadian Corp., with a total investment of about 33.4 billion yuan (about 5 billion U.S. dollars).

Wei Yongxin, of Huadian Jinsha River Upstream Hydropower Development Co., Ltd., said the station’s first generating unit is expected to start operation in 2025.

The power station is expected to replace 3.99 million tonnes of coal and reduce 7.37 million tonnes of carbon dioxide emissions per year after it is put into operation, said Jia Zhongqi, another Huadian official.

To protect the fragile ecosystem along the upper reaches of the Jinsha River, more than 1.5 billion yuan will be invested in environmental protection projects such as fish ladders and fish breeding stations during the construction of the power station, Jia added.

Source: Xinhua

31/03/2019

Many Chinese cities turn off lights in global relay of “Earth Hour”

BEIJING, March 30 (Xinhua) — At 8:30 pm Beijing Time sharp, lights on major landmarks as well as in households were turned off in several cities across China in commemoration of “Earth Hour”.

“Earth Hour” is a global initiative first launched by World Wildlife Fund (WWF) in 2007 and soon became a popular movement worldwide.

From 8:30 to 9:30 pm on every last Saturday of March, individuals, communities, enterprises and government departments around the globe are encouraged to turn off their lights for an hour, with the purpose of inspiring reflections and actions regarding environmental issues.

All over China, lights were out on emblematic landmarks including Beijing’s Olympic Towers, The Oriental Pearl Tower in Shanghai, Wuhan’s historic Yellow Crane Tower as well as Yinli Plaza in Shenzhen.

The event aims to alert people of the loss of the world’s biodiversity and the urgency to protect the integrity of the ecosystem, Jean-Paul Paddack, WWF’s Global Initiatives Director told Xinhua in an exclusive interview before the lights went out at the Olympic Tower in Beijing.

In China, the state strategy of building an ecological civilization has made tremendous progresses, he said.

China has been leading the way in the global efforts in finding a development model for man and nature to live in harmony, he said, stating the importance of China’s leading role expected in the United Nations Biodiversity Conference to be held in Beijing next year.

In recent years, China has been intensifying measures to tackle environmental issues, pushing for the transformation and upgrading of its industries such as new energies, Zhang Qian, vice executive chair of China NGO Network for International Exchanges, co-organizer of Earth Hour in the country.

Besides themed exhibitions and galleries, Earth Hour in China has engaged a wider public through interactive campaigns.

In Wuhan, rock musicians joined the event by unplugging their electric guitars and using Chinese traditional instrument Zheng at a music festival.

In Shanghai, tourist cruises on the Huangpu River and 20 skyscrapers on both banks went dark.

“We hope that the Earth Hour can go beyond the 60 minutes, for everyone to make personal effort in turning the eco-consicous actions into a habit, and the habit a culture,” said Lu Lunyan, vice executive director of WWF China.

The participation scale of the Chinese public online and offline has set a new record this year, according to the organizers.

Source: Xinhua

31/03/2019

2019 China-New Zealand Year of Tourism kicks off

NEW ZEALAND-WELLINGTON-CHINA-YEAR OF TOURISM

China’s Minister of Culture and Tourism Luo Shugang addresses the opening ceremony of the 2019 China-New Zealand Year of Tourism in Wellington, New Zealand, on March 30, 2019. The 2019 China-New Zealand Year of Tourism was launched here Saturday with an aim to strengthen economic and cultural ties between the two countries. (Xinhua/Guo Lei)

WELLINGTON, March 30 (Xinhua) — The 2019 China-New Zealand Year of Tourism was launched here Saturday with an aim to strengthen economic and cultural ties between the two countries.

An official ceremony was held at Wellington’s Te Papa Tongawera, Museum of New Zealand, and attended by high-level officials and hundreds of representatives from the tourism industry in both countries.

China’s Minister of Culture and Tourism Luo Shugang read the welcoming message by Chinese Premier Li Keqiang for the opening ceremony.

“Tourism is an important area of our cooperation and a driving force for our peoples’ mutual understanding and friendly ties. Chinese tourists are attracted by scenic beauty and cultural diversity of New Zealand, and visitors from New Zealand marvel at China’s natural wonders and rich heritage as an ancient civilization,” Li said in the message.

“Last year, around 600,000 visits were exchanged between the two countries. China remains the second largest overseas tourist market of New Zealand,” Li said.

“The China-New Zealand Year of Tourism presents an opportunity for our two countries to enhance tourism cooperation through people-to-people contact. More people-to-people contact between China and New Zealand will increase our mutual knowledge and awareness, which are central to more popular support for our bilateral relations and cooperation,” the Chinese premier said.

New Zealand Tourism Minister Kelvin Davis read the welcoming message by New Zealand Prime Minister Jacinda Ardern for the opening ceremony.

Ardern said “Tourism is a crucial strand in our bilateral relationship, and is a particularly important driver of economic growth. There was an 8.8 percent increase in Chinese holidaymakers to New Zealand from 2017 to 2018, and China is New Zealand’s second-largest tourism market. The number of New Zealanders visiting China has also reached a new high.”

“The recent Christchurch terrorist attacks brought into sharp relief the importance of building interactions and understanding across peoples, cultures and borders. Initiatives during the Year of Tourism reflect China and New Zealand’s shared commitment to doing just that,” Ardern said.

Chinese Ambassador to New Zealand Wu Xi said “New Zealand is a natural extension of the 21st Century Maritime Silk Road. During Chinese Premier Li Keqiang’s visit to New Zealand in 2017, the two sides signed Belt and Road cooperation documents. The connection between facilities and people’s hearts is an important part of the Belt and Road Initiative.”

Wu said “Sino-New Zealand’s Belt and Road cooperation will not only help to enhance New Zealand’s tourism infrastructure, but also further strengthen New Zealand’s advantage as an ideal tourist destination for Chinese tourists and attract more Chinese tourists.”

Richard Davies, manager of tourism policy at the Ministry of Business, Innovation and Employment, said the Year of Tourism gives New Zealand an opportunity to showcase the things that makes it a world class destination.

Tourism New Zealand General Manager — New Zealand & Government Relations, Rebecca Ingram said “Tourism New Zealand’s focus is on ensuring New Zealand remains a desirable destination and top of mind as an option for Chinese travelers.”

“China is New Zealand’s most valuable visitor market. With the highest daily spend of all our visitors and a highly seasonal profile, our Chinese visitors help to spread the benefits of tourism throughout the year.”

During the 2019 China-New Zealand Year of Tourism, New Zealand’s tourism sector and beyond is encouraged to think about what they can do to get their China business ready.

Source: Xinhua

31/03/2019

How a Chinese firm is using artificial intelligence to zero in on liver cancer

  • Genetron Health has developed a technique that detects the disease earlier than other methods
Liver cancer is generally difficult to detect in its early stages. Photo: Handout
Liver cancer is generally difficult to detect in its early stages. Photo: Handout

A Chinese genomics firm says it has found a way to detect liver cancer linked to hepatitis B months before it can be picked up by other methods.

The conclusion was based on a study by Genetron Health and the Chinese Academy of Medical Sciences Cancer Hospital using a method called HCCscreen, which applies artificial intelligence to look for tumour-related mutations in DNA in blood.

The researchers found that the new method could pick up early signs of the cancer in people who had tested negative based on traditional alpha-fetoprotein (AFP) and ultrasound examinations.

Genetron Health chief executive Wang Sizhen said early detection was important because it significantly increased the chances of survival.
“The study is a breakthrough in genomics technology and it’s likely to help hepatitis B virus carriers, whose risk of liver cancer is much higher,” Wang said.
The researchers first used AI technology to identify biomarkers common in known cases of a type of liver cancer called hepatocellular carcinoma, or HCC.
The team then developed the HCCscreen technique to look for those markers and used it on 331 people with hepatitis B who had tested negative for liver cancer in AFP and ultrasound exams.
Genetron Health chief executive Wang Sizhen says early detection is important because it significantly increases the chances of survival. Photo: SCMP
Genetron Health chief executive Wang Sizhen says early detection is important because it significantly increases the chances of survival. Photo: SCMP

Twenty-four people tested positive with HCCscreen and were tracked over eight months, with four eventually being diagnosed with early-stage liver cancer.

four patients had surgery to remove the tumours and the other 20 in the positive group had a second HCCscreen test, with mixed results. Wang said all participants in the group of 20 would continue to be monitored.

“This is the first large-scale prospective study on early diagnosis [of liver cancer],” he said.

The results were published in the Proceedings of the National Academy of Sciences earlier this month.

There are about 93 million people with hepatitis B in China and carriers of the virus have a much higher risk of developing liver cancer.

China’s race to test ‘mutation-free’ gene-editing technology on cancer patients

Liver cancer is generally difficult to detect in its early stages, and twice-yearly ultrasounds and AFP tests for the disease are recommended for high-risk groups such as people with hepatitis B virus infections, or cirrhosis – scarring of liver tissue.

But in China, most HCC cases were detected at advanced stage, the authors of the study wrote.

According to the National Cancer Centre, 466,000 people were diagnosed with liver cancer and 422,000 died from the disease in China in 2015.

Wang said the company aimed to commercialise the technology but even then it would take time to ensure it was affordable.

“[High-risk] people need to have regular screening. This is important for public health but the technology must be affordable enough to be widespread,” Wang said. “The ultimate goal of this study is to develop a product that people in China can afford.”

Source: SCMP

31/03/2019

UK fashion brands battle for China’s growing market

Caroline Hu collection at the BoF China Prize at Shanghai Fashion Week 2019Image copyrightGETTY IMAGES
Image captionModels wear designs by Caroline Hu, winner of the Business of Fashion (BoF) China Prize 2019 held during Shanghai Fashion Week

Over the next week Shanghai Fashion Week will fill the city with models, designers and buyers. The show is becoming a key route into China but the lucrative market remains difficult to navigate.

London-based fashion designer Roksanda Ilincic says she admires the adventurous spirit of her Chinese customers.

They’re experimental with a taste for clothes that are “vibrant and sculptural yet feminine”, she adds.

“The Chinese market really resonates with those parts of my DNA.”

For the first time Ms Ilincic is taking part in Shanghai Fashion Week, joining a wave of other foreign brands in search of exposure and crucial business contacts.

Observers say Shanghai Fashion Week, which runs until 3 April, buzzes with young talent and commercial potential.

Models at Shanghai Fashion WeekImage copyrightGETTY IMAGES
Image captionDesigner Qiu Shuting (right) dresses a model in her Shuting Qiu collection at the BoF China prize in Shanghai

Launched in 2003, it’s not one of the top four shows – London, Paris, New York and Milan – but its importance has grown alongside China’s economic rise.

“In Asia, there’s an emerging market where lots of the money is spent on Shanghai,” says Tianwei Zhang of Women’s Wear Daily (WWD) .

Many will skip Tokyo’s fashion week in favour of Shanghai “because there’s more money here”, he adds.

Last year, a report by consultancy Bain showed that Chinese spending accounted for one-third of the global luxury market – itself worth 260bn euros ($292bn; £223bn). In 2018, the country’s luxury goods market posted its second straight year of 20% growth, Bain said.

Western brands have long eyed the potential of China’s growing middle class, seeking to find their way into the lucrative – but sheltered – market. Securing business partners and buyers is crucial.

Model at Shanghai Fashion WeekImage copyrightGETTY IMAGES
Image captionA McKinsey-BoF report said China will overtake the US as the world’s largest fashion market in 2019

The British Fashion Council (BFC) is one group helping UK designers make inroads in China – from finding a space, to negotiating contracts or licensing arrangements.

BFC chief executive Caroline Rush says that while businesses can do it alone “the norm is to go in with a Chinese partner”. The group is in Shanghai this week to build its network.

It wants to plug into independent retailers across China that reach their customers through social platforms like WeChat and Weibo, and often sell through those channels directly.

“We’re also looking at partners that can help them open retail stores and the big e-commerce players that can help them in terms of mass distribution,” Ms Rush says.

The BFC is hosting a trade showcase with Roksanda Ilincic and Peter Pilotto in Shanghai, two brands Ms Rush describes as part of London’s “new guard”.

Editor in chief of Vogue China Angelica Cheung and Chinese fashion investor Wendy YuImage copyrightBRITISH FASHION COUNCIL
Image captionVogue China editor in chief Angelica Cheung with fashion investor and chief executive of Yu Holdings Wendy Yu at Shanghai Fashion Week

From buyers to fashion writers, industry figures routinely say Chinese consumers are drawn to the “creativity” of British design.

Among them is Yvonne Gan, chief executive of The Balancing, a chain of Shanghai boutiques, which sell top names including Britain’s Stella McCartney, Victoria Beckham and Anya Hindmarch.

Ms Gan says 40% of total investment in the latest collections was spent on British brands. Chinese labels accounted for just 5%: “Local design is not as creative as British designers [and] also quality is not comparable.”

Still, British firms are competing in a crowded market, trying to please the Chinese consumer – and not all of them get it right.

high-profile stumble from Dolce & Gabbana over an ad campaign widely seen as offensive led to a severe backlash in China with several retailers pulling the firm’s products.

Meanwhile, Burberry drew some criticism for missing the mark over its latest Chinese New Year campaign.

Other British brands have struggled to gain traction in China. Marks & Spencer left the market in 2017, New Look withdrew last year and Topshop has had troubles with local partners.

Yoyo Liu, Roksanda Ilincic, Yvonne Ching, Mia KongImage copyrightBRITISH FASHION COUNCIL
Image captionYoyo Liu, with designer Roksanda Ilincic, Yvonne Ching, Mia Kong at Shanghai Fashion Week

Irene Yu, senior director of merchandising at Chinese accessories retailer Pedder Group says Chinese consumers are “very fashion savvy”.

“They are sophisticated, well-travelled and demanding in quality and newness.”

Pricing is also a concern. While wealth is rising, hefty import taxes drive the cost of Western luxury labels beyond the reach of many.

“British fashion designers are still at a slightly higher price point,” WWD’s Mr Zhang says.

He says while spending power is rising, Chinese consumers are not yet as willing to spend on designer clothes as they are on shoes and accessories.

Global luxury spending breakdown

The competitive threat from local talent is also mounting.

There are big names like Angel Chen and Shushu/Tong, along with emerging designers like Caroline Hu and 8on8, all set to gain plenty of attention in Shanghai.

“There are more and more upcoming Chinese designers taking the international stage,” says Pedder Group’s Ms Yu. “They give a fresh perspective.”

Source: The BBC

31/03/2019

China plant explosion kills seven; second blast in Jiangsu province this month

BEIJING (Reuters) – A plant explosion in China’s Jiangsu province has killed seven people, state media reported on Sunday, 10 days after a blast at a pesticide plant killed 78 people in the province and triggered a nationwide safety inspection campaign.

Sunday’s blast involved a container of scrap metal that caught fire in a metal-molding plant in a bonded area in the city of Kunshan, state news agency Xinhua said.

The cause of the blast which killed seven people and injured five others was under investigation, Xinhua said.

The plant is owned by Kunshan Waffer Technology Corp Ltd., a Taiwan-based manufacturer of magnesium alloy injection molding products and aluminium alloy die castings.

Kunshan, about 70 km (43 miles) west of Shanghai, is home to more than 1,000 technology companies and manufacturers, including many Taiwanese firms.

The incident follows a deadly blast on March 21 at a chemical park in the city of Yancheng, also in Jiangsu province, that killed 78 people and focused attention on safety at small chemical firms.

China last week launched a month-long, nationwide inspection campaign into hazardous chemicals, mines, transportation and fire safety, saying authorities needed to absorb lessons from the Yancheng disaster.

China has clamped down on scrap metal imports as part of an environmental campaign against “foreign garbage”, tightening supply sources for metal producers, as it aims to cut solid waste imports by the end of 2020.

The country has a history of major work safety accidents which often trigger inspection campaigns aimed at rooting out violations and punishing officials for cutting corners or shirking their supervisory duties.

Source: Reuters

26/03/2019

Xi, Macron agree to forge more solid, stable, vibrant China-France partnership

FRANCE-PARIS-CHINA-XI JINPING-MACRON-TALKS

Chinese President Xi Jinping (L) holds talks with his French counterpart Emmanuel Macron at the Elysee Palace in Paris, France, March 25, 2019. (Xinhua/Xie Huanchi)

PARIS, March 26 (Xinhua) — Chinese President Xi Jinping and his French counterpart, Emmanuel Macron, on Monday agreed to carry forward the high-level ties between the two countries and forge a more solid, stable and vibrant China-France comprehensive strategic partnership on a new starting point in history.

The consensus was reached during the talks between Xi and Macron at the Elysee Palace in Paris.

Xi said that great changes have taken place in the international situation, but the China-France relations have always kept developing on a high level and in a sound and stable way.

He said that since President Macron took office, the bilateral ties have reached a new high in just less than two years, with many new outcomes achieved.

This year is of special commemorative significance, as it marks the 55th anniversary of China-France diplomatic ties, the 100th anniversary of the Chinese Work-Study Movement in France, and also the 70th anniversary of the founding of the People’s Republic of China, Xi said.

“Knowing the past can help people judge today and move on better,” he said.

The world is undergoing major changes rarely seen in a century, and humanity stands at a crossroads, and for China, France and Europe, they also come to a critical stage of development, the Chinese president said.

“China is willing to work with France to inherit the past and create the future, enable our close and enduring comprehensive strategic partnership to continue leading the way, and make more historic contributions to building an open, inclusive, clean and beautiful world that enjoys lasting peace, universal security and common prosperity,” Xi said.

TRUST, COOPERATION AND FRIENDLY SENTIMENTS

The Chinese president proposed that in order to develop the relations between China and France in a sound way, the two countries should have political mutual trust, practical cooperation and friendly sentiments between the two peoples.

“Under the new situation, the two sides should do much better in those three aspects, and continue to explore the way for major countries to get along with each other, which should feature independence, mutual understanding, foresight, mutual benefit and win-win outcomes,” Xi said.

“In politics, we should not only build a strong ‘dam’ of mutual trust, but also a ‘lighthouse’ of ideal,” he said.

He suggested that the two countries deepen communication and exchanges in an all-round way and on various levels, fully leverage the roles of all institutional dialogues, and increase the exchanges between governments, legislative bodies, political parties and armed forces.

The two sides should insist on respecting and accommodating each other’s core interests and major concerns, pursue harmony in diversity, and seek common ground while reserving differences, Xi said.

He urged the two countries to strengthen cooperation under the United Nations (UN), the Group of 20 and other multilateral frameworks, push for the implementation of the Paris agreement on climate change and the 2030 Agenda for Sustainable Development, take practical action to safeguard multilateral trading regime and uphold the basic norms governing international relations as underpinned by the purposes and principles of the UN Charter.

On practical cooperation between China and France, Xi said the two countries should not only explore the “source of flowing water” in market, but also facilitate the “river channels” in policies.

The two sides should deepen cooperation in nuclear energy, aviation, aerospace and other traditional sectors, and expedite cooperation in emerging areas including scientific and technological innovation, agriculture, finance and elderly care, Xi said.

President Macron has on many occasions expressed the willingness of carrying out practical cooperation with China on the Belt and Road Initiative (BRI), which China appreciates, Xi said, adding that the two sides need to earnestly implement the BRI-related demonstration projects in third-party markets.

He asked the two countries to provide more support and convenience for bilateral trade and investment.

Noting that China has newly approved its foreign investment law, Xi pledged that the country will continue to greatly relax market access, optimize business environment, strengthen intellectual property rights protection, and create a new pattern of high-level opening-up.

“We welcome more French businesses to invest and develop in China, and in the meantime, we hope the French side offers fair, open and non-discrimination treatment for Chinese businesses to invest in France,” Xi said.

On people-to-people and cultural exchanges, Xi called for enhancing both intergovernmental cooperation and non-governmental contacts.

The two countries should fully use the China-France high-level people-to-people and cultural exchange mechanism, and promote cooperation in culture, tourism, language, youths and at local level, he said.

Xi also asked the two countries to well organize the commemorative activities on the 55th anniversary of China-France diplomatic ties and the 100th anniversary of the Chinese Work-Study Movement in France, and to host a culture and tourism year in each other’s country in 2021.

Calling China and the European Union (EU) two major forces, markets and civilizations of today’s world, Xi said China attaches importance to Europe’s strategic status and role, and has always regarded deepening China-EU relations as a diplomatic priority.

China supports France in continuing to play a leading role in the process of Europe’s uniting for self-improvement, and hopes France exerts a more positive influence in pushing forward China-EU ties, Xi said.

The Chinese president also urged both sides to accelerate the negotiations on a China-EU investment treaty, and initiate a joint feasibility study on the China-EU free trade agreement at an early date.

Macron said since France and China forged diplomatic relations 55 years ago, the two sides have always respected each other, which allowed them to conduct extensive and productive cooperation.

Noting that the keynote of France-China comprehensive strategic partnership is cooperation, the French president extended his country’s congratulations to the People’s Republic of China for its huge achievements since its founding 70 years ago, and said that France is committed to being China’s reliable and assured strategic partner, and is willing to join efforts with China to build a balanced, stable, safe and prosperous world.

France has full confidence in the future of France-China relations, Macron said, pledging to boost cooperation with China in such fields as aviation, aerospace, nuclear energy, agriculture, finance, scientific research, automobile manufacturing and elderly care, and to align France’s Industry of the Future initiative with Made in China 2025.

France stands ready to actively participate in the second Belt and Road Forum for International Cooperation and the second China International Import Expo (CIIE), Macron said, adding that his country supports vigorously promoting bilateral exchanges and cooperation in education, culture, sports, tourism, military and defense affairs.

Speaking highly of China’s important leading role in tackling climate change and multilateral affairs such as peacekeeping, Macron stressed that France deems protectionism unacceptable.

France and China have a lot of common ground in international affairs and have maintained close communication and coordination, he said.

France and China, as well as the EU and China, can work together in advancing more global agenda, improving global governance system, and protecting multilateralism and free trade, he added.

The French president also pledged to actively push forward the EU-China cooperative relations, saying his country holds that the EU’s connectivity strategy and the BRI should be docked with each other.

After their talks, the two leaders witnessed the exchange of bilateral cooperation documents including third-party markets cooperation, and met the press together.

Macron held a grand welcome ceremony for Xi at the Arc de Triomphe before the talks.

Xi arrived in Paris from the southern French city of Nice on Monday to continue his trip to the country. Two French fighter jets escorted Xi’s plane as it flew from Nice to Paris.

It is the second state visit by Xi to the European country in five years.

France is the final stop of Xi’s three-nation Europe tour, which has already taken him to Italy and Monaco.

Source: Xinhua

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