Draft law promotes further opening-upRiding on momentum

of reform and opening-up, China is on way to establishing a new system of opening-up featuring institutional and systemic openness, as reflected in a draft law on foreign investment.

And once the National People’s Congress approves the draft foreign investment law, a new round of institutional dividends will be released.

At present, China’s legal system for foreign investment mainly consists of the Law on Chinese-Fo

reign Joint Ventures, the Law on Wholly Foreign-Owned Enterprises and the Law on Chinese-Fo

reign Cooperative Joint Ventures. But since certain sections and articles of these laws cannot deal with the changing gl

obal realities or settle disputes, China has drafted a comprehensive foreign investment law to replace them.

More opportunities for foreign firms

The draft law is designed, among other things, to protect foreign in

vestors’ legitimate rights and interests. And as Premier Li Keqiang said while delivering the

Government Work Report on Tuesday, “China’s investment environment is all set to get better and bet

ter, which means more and more business opportunities for foreign companies in China are a sure thing.”

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Ghosn will be monitored by surveillance cameras and face

  restrictions on his computer use while on bail, according to his lawyer, Junichiro Hironaka. He also can’t seek to destroy evidence in the case.

  Ghosn is credited with steering Nissan away from financia

l collapse 20 years ago and became an iconic business leader in Japan. He claimed in January that his

arrest is the result of a plot by other Nissan executives, who opposed his plan to deepen the Japanese company’s integr

ation with France’s Renault.Italy may be about to formally endorse China’s Belt and Road Initiative, becoming the large

st economy yet to back the massive global infrastructure project which is a signature policy of President Xi Jinping.

  According to multiple reports, the Italian government could sign a memoran

dum of understanding within weeks, in hopes of attracting greater Chinese investment in its struggling economy.

  A spokesman for Nissan on Tuesday declined to comment on the court’s decision to grant bail to Ghosn.

  Nissan’s own investigation into its former chairm

an and CEO has “uncovered substantial evidence of blatantly unethical conduct,” the spoke

sman said, adding that “further discoveries related to Ghosn’s misconduct continue to emerge.”

  Kaori Enjoji, Yoko Wakatsuki and Junko Ogura contributed to this report.

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he Belt and Road Initiative is a huge trade and infrastructur

  project which seeks to link China to Europe, Africa and Asia through a series of new Beijing-funded ports, railroads and roads along land and sea trade corridors.

  Neighboring economic power India has been reluctant to sign up to the initiative, but some regional partners su

ch as Pakistan and Malaysia have enthusiastically joined in, along with dozens of other countries.

  But critics, especially the US government, have claime

d Belt and Road projects impose massive debt on developing countries for little economic bene

fit. There are even suggestions China is using the project to extend its military and political reach overseas.

  The announcement of Italy’s participation would be welcome news for Beijing at a time w

hen even some Belt and Road member nations, such as Malaysia, have begun to question the benefits of its projects.

  Italy’s decision would also coincide with a debate in Europe over the role Chinese tech

nology company Huawei should play in the rollout of new superfast 5G networks. Governments incl

uding the UK and Germany are weighing whether to block mobile operators from using Huawei technology.

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The detained militants — Masood Azhar’s brother Mufti

Rauf and son Hammad Azhar — were named in a dossier that India had sent to Pakistan i

n the wake of the Kashmir bombing and were being held in what Pakistan called “preventive custody” as there

was no “actionable proof” against them, Islamabad’s Ministry of Interior Secretary Azam Khan said to reporters Tuesday.

According to India’s Foreign Ministry, the dossier co

ntains specific details of JeM complicity in the Pulwama terror attack and the presence of JeM terror camps a

nd its leadership in Pakistan.
In the wake of the February attack, India called on its neighbor to “take credible an

d visible action … against terrorists and terror groups operating from areas under their control.”

Last week, Pakistan Foreign Minister Shah Mehmood Qureshi confirmed to CNN’s Christiane Amanpour that JeM chief

Azhar is in Pakistan and “very unwell.””He is unwell to the extent that he cannot leave his house,” he said.

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Zhang began experimenting with elms to make his tables

and chairs. “The first time I chose elms, but in the end I failed.”

He began to use peach trees in 2007, knitting four peach branches t

ogether and putting iron molds on them. Depending on the growth of the br

anches, the trees were shaped each year until they grew into the shapes of a table and chair.

“It took almost 10 years to grow into finished products. Now there are about 800 tables and chairs,” Zhang said, add

ing that once the products are grown, they are then cut, peeled, dried, and polished to be ready for sale.

Zhang took his first set of four peach tree chairs and a round table to the China Impo

rt and Export Fair (Canton Fair) in 2016, catching the attention of several merchants who offered to buy the set.

Zhang was not willing to sell just yet as the set were just sam

ples. The fair strengthened his confidence however, which has continued to pay off.

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While speaking to some national political advisers, many

told me that improving innovation capabilities to drive develop

ment and deepen institutional reform, and using science to help build a moderately pr

osperous society in all respects are expected to remain priorities during their discussions at the two sessions.

Last year, China began pilot programs that aim to streamline the administration of scientific aff

airs, promote innovation and efficiency, and grant more autonomy to science workers. The Ministry of Sc

ience and Technology said in January that China will revamp its state key laboratory system.

Zhao Jindong, a CPPCC National Committee membe

r and a CAS academician, said these institutional reforms will have a profound impact on Chin

a’s scientific landscape, but how they will be implemented is still being formulated, and their effects remain to be seen.

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Research: Nation set to invest heavily in 5G networkns in a strin

hina is forecast to spend 900 billion yuan ($134 billion) to 1.5 trillion yuan on 5G network construction fro

m 2020 to 2025, as the nation strives to commercialize the superfast fifth-generation wireless tech

nology, a think tank affiliated with the country’s top industry regulator said on Monday.

At the same time, China’s telecom carriers ar2019/03/05/wwwash001cn-2/to generate 1.9 trillion yuan in

revenue from 5G-related business, according to an article released by the China Academy of Information an

d Communications Technology, which is affiliated with the Ministry of Industry and Information Technology.

At the initial stage of building 5G networks, telecom carriers will first cover the mo

st populated regions and the 5G network construction can coordinate well with existing 4G networks, the article added.

In comparison, Chinese telecom operators spent 720 billion

yuan on 4G network construction from 2014 to 2018, said Zhang Chunfei, one of the three au

thors of the article, adding that the cost of building 5G base stations is higher than that of 4G.

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If it had been completed, it would probably have been the

first modern aquarium in China. But construction was unfinished when the Qing monarc

hy fell, leaving abandoned stone architecture and iron frames, which can be seen by visitors today.

Cultural relic warehouses were added in the courtyard after 1925, when the Forbidden City became a public museum.

In-depth studies will follow the donation to uncover mysteries, because no original blueprint of the aquarium has been found.

According to Shan Jixiang, director of the Palace Museum, the Yanxi Go

ng area will be turned into an exhibition space displaying foreign cultural relics among for

mal royal collections, because the place reflects Sino-foreign cultural exchanges. It is expected to open in 2020.

About 10,000 cultural relics out of the 1.86 million artifacts being housed in the Palace Museum are of foreign origin. The mo

st important collection is 1,500 antique European clocks that were given as gifts or bought by Qing emperors.

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Space should be a realm of collaborative endeavor: China Daily e

hina may still have a long way to go before it has the space capabilities depicted in the sci-fi

blockbuster The Wandering Earth. Yet it has undoubtedly made remarkable progress over the past decades.

And it is China’s consistent policy to undertake its space program only for scient

ific and technological progress, and to exploit space resources for peaceful purposes, a posi

tion that was again accentuated by Wu Weiren, chief designer of China’s lunar exploration program.

A member of the 13th National Committee of the Chinese P

eople’s Political Consultative Conference, Wu said prior to the opening of the country’s top

political advisory body’s second session that China will gradually open data collected by the Chang’e 4 lunar p

robe to the world. He also said the country plans to launch a probe to orbit Mars next year.

More ambitiously, there are also reports that China hopes to o

perate a commercially viable solar space station by 2050 that could beam energy back to Ea

rth via microwaves or lasers, which scientists consider an effective way to combat climate change.

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Yet collaboration between the two countries over the past

 several decades has already proved that their differences need not stand in the way of cooperation.

There have been ups and downs in bilateral relations over the past several decades as a result of how US politicians loo

k at China and at the way they believe the relationship should be handled. It seems that an increasing number of them now

believe that China should be considered a strategic threat to the United States.

That may be the reality. But another reality is that the more publicity the US media has give

n to presenting China as a threat to the US in certain areas and more US politicians are talking about su

ch a threat, the more it fosters an anti-China political atmosphere in Washington.

Such a political atmosphere may then grow to eclipse the substan

ce of bilateral relations — their economic complementarity and their mutual respo

nsibility to address not just their problems but also the common problems the entire world faces.

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