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tion with China on jointly building the Belt and Road, She said.
Noting that the history of Italy-China exchanges for the past 50 years has been a history of dia
logue and friendship, the speaker said the Italian Senate is willing to facilitate exchanges between the two cou
ntries’ legislative institutions, and continue to make contributions to deepening Italy-China friendly cooperation.
Xi arrived in Rome Thursday for a state visit to Italy, the first stop of his three-nation Europe tour, which will also take him to Monaco and France.
hinese authorities have unveiled detailed measures to implement valu
e-added tax reform, a key step to boost market vitality and stabilize economic growth.
Starting April 1 this year, the 16 percent VAT rate that applies to manufa
cturing and other sectors will be lowered to 13 percent, while the rate for construction, tran
sport and other sectors will be reduced from 10 percent to 9 percent, said a joint statement released on Th
ursday by the Ministry of Finance, State Taxation Administration and the General Administration of Customs.
g without a drill pipe core in polar ice bedrock, which helped the scientists obtain the first few samples of bedrock unde
r the ice cores at the station. The conwwwhebeishengxincn-2/ion was also compleexpedition.
Xuelong left Shanghai on Nov 2 and arrived at Zhongshan Station on
Nov 30. The icebreaker entered the Amundsen Sea in early January for a marine survey but
experienced “the worst sea conditions since departure”, according to an earlier report by China Ocean News.
On Jan 19, the ship was caught in a sudden thick fog on the Amundsen Sea and collided with an
iceberg, Cheng Xiao, dean of the College of Global Change and Earth System Science at Beijing Normal University, told Xinhua.
An increase of cyclones in the area since the start of 2019 has great
ly increased the number of floating ice fragments, while in 2018 the area was a single large ice sheet, Ch
en said. The floating ice drifted to the north, pushed by the wind, which also affected navigation on Xuelong’s trip home, he added.
laws on Chinese-foreign equity joint ventures, non-equity joint ventures and wholly foreign-
owned enterprises, which were mainly legislated between 1979 and 1988 and then revised.
“The draft law reflects experience on foreign investment governance that China has accumulated over the past decade, and
it sets up a comprehensive basic law framework that resonates well with China’s current situation in attract
ing foreign investment,” said Cui Fan, a professor at the University of International Business and Economics.
“When the three old laws were made, foreign investment came to China mainly because of t
he low human resources cost, but now China’s huge market potential is much more alluring.”
In addition, as globalization goes further, competition between countries and regions is intensifying, which has indu
ced China to further adjust laws and regulations to create a better environment for foreign investment, he said.
systemic financial risks, are the fundamental tasks of financial work, calling for accelerated construction of the fina
ncial market infrastructure and advanced efforts to nationalize key information infrastructure in the sector.
He also urged solid statistics in the financial sector and improvement in the warning system and rules on information disclosure and management.
Education and supervision of senior officials of financial institutions and regulators sh
ould be enhanced, and more should be done to fight corruption in the financial sector, Xi said.
He called for dynamic supervision of domestic and cross-border capital flow to enable financial watchdogs to fully monitor all flows.
Xi said tasks for the reform and opening-up of the financial sector should be well implem
ented, calling for the preparation and the rolling-out of new reform and opening-up measures based on
the latest development of global economy and finance as well as the strategic needs of China.
Reforms including revamps on market access system and trading regulations should be deepened, and regulators should take a two-pronged appr
oach of enforcing both macro-prudential management and micromanagement of behaviors, he said.
He said those causing major financial risks due to their breaches such as lax regula
tion, cover-ups or decision-making failures must be held accountable and face serious punishment.
Efforts should be made to address the current situation where the costs of legal and
regulatory breaches in the financial sector, especially capital markets, are too low, Xi said.
Xi urged enhancing the global competitiveness of China’s financial sector, elevating the two-way opening-up to a highe
r level and beefing up capabilities of financial management and risk prevention and control amid greater opening-up.
Huawei and Qualcomm settle temporarily: Huawei pays Qualcomm $150 million Quarterly
According to foreign media reports, Qualcomm said Huawei had signed a short-term authorization agreement with Qualcomm. In a conference call with anal
ysts on the company’s financial performance, Qualcomm Chief Financial Officer George Davis said Huawei would pay Qualcomm $150 million a quarter. Th
e deal, which was concluded by Qualcomm in the first quarter ending December 30, will last until June 30.
Qualcomm probably wants to concentrate on Apple’s patent war.
Collection of Five Blessings: Occupy Your Blessing, Must Have Houfu and Other Hot Words
This year Alipay’s new “flower card” and “lucky card” set off a
new round of upsurge. In order to get friends’ flower cards or professional dedication, net
izens are also wits and wits. Some netizens have also coined such new words as “Zhan you fu”, “You must have lat
er fu”, “scraping card type poverty alleviation” and so on, which are called “Ji Wufu slang”.
One meal was as fierce as a tiger, with a New Year’s Eve score of 0.5.
Apple revoked Facebook’s iOS Enterprise Developer Certificate
After Facebook was exposed to allow users to download monitoring applications, Appl
e formally revoked Facebook’s enterprise developer certificate. Previously, Facebook paid users to install a data collection app calle
d Facebook Research, which allows Facebook to track users’app usage history, private messages and location data.
Facebook bypassed the App Store review through Apple’s Enterprise Developer Project.