magazine of the Communist Party of China Central Committee. He said more efforts a

re needed to implement the proactive fiscal policy and boost efficiency this year.

Preventing and defusing local governments’ hidden debt risks is key to controlling major risks, he said.

Innovative financial tools will be introduced for debt swaps, and the indebted comp

anies will be allowed to choose the same way, under guidance from the local governments, Liu Shangxi, hea

d of the Chinese Academy of Fiscal Sciences, the Ministry of Finance’s think tank, told China Daily.

“The total amount of hidden debt waiting to be swapped has not yet been calculated, as this

round of debt swaps will not involve the government’s administrative orders, but depends on the ma

rket’s appetite based on the evaluation of the potential default risks and the companies’ solvency,” he said.

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inds of market-driven reforms needed to make this happen. The Chinese government is investing heavily in resear

ch and development, but it should be noted that the R&D spending as a percentage of GDP is still lower than that of the US.

Nobody likes competition against themselves. So, it must be admitted that China’s transition to a high-tech, high-

value-added economy will come as a shock to many companies around the world. The US economy, which has about 7

percent of GDP in high-tech manufacturing, will be lightly affected by this change.

On the other hand, advanced manufacturing contributes around 20 percent of GDP in Sout

h Korea, Japan, Germany and a few smaller European countries. They will be much more directly affected.

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Investigators criticize lax management, failure to control enterovirus outbreak

Liu Ruilin, Party secretary and president of Shunde Hospital of Southern Medical University, has been

removed from his positions after five babies died and 14 fell ill during an enterovirus outbreak at the hospital.

The five newborns who died had other underlying diseases, such as pneumonia, before c

ontracting the virus, according to a statement from the Guangdong Health Commission on Saturday.

Thirteen of the sick babies have been discharged from the hospital, w

hile the other one continues to be treated and is in a stable condition, the commission said.

An investigation determined that the case became serious because

of the combination of the intestinal virus with lax hospital management.

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 identify unwarranted certification items for abolition and list all certification items deemed ne

cessary. At the same time, work to establish a pre-commitment qualification system will be intensified.

“The reform of the qualification system is part and parcel of our efforts to build a credit-based society. Without a fully fledg

ed credit-based society, our business environment will not see significant improvements,” Li said.

It was decided at the meeting that the practice of pre-commitment of qualification will be piloted in 13 pro

vinces and municipalities, including Tianjin, Liaoning, Shanghai, Guangdong, Sichuan and Shaanxi, and in five mi

nistries-the Ministry of Public Security, the Ministry of Justice, the Minist

ry of Human Resources and Social Security, the Ministry of Natural Resources and the Ministry of Transport.

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ssing $682 billion, and it is only natural that the two sides should seek to consolidate their trade and economic cooperation since it provides a solid foundati

on for strengthening their overall relationship, and they have everything to gain from building on the current g

ood momentum in their relations and docking their respective development strategies.

At the 21st China-EU Leaders’ Meeting in Brussels on Tuesday, Premier Li Keqiang is expected to underscore China’s resolve to deepen st

rategic mutual trust and cooperation with the EU, including on the Belt and Road Initiative that China has prop

osed as a means for improving global connectivity and shared development.

This year, Italy and Luxembourg signed memorandums of under

standing with China to jointly advance the construction of the Belt and Road, bringing to 22 the total num

ber of European countries that have signed cooperative agreements with China on the initiative.

It is not all hunky-dory of course, as two major powers, the two sides do differ on some issues, a

nd there are some disputes between them. However, their common interests far outweigh their differences.

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donors exceeded 104,000 – more than three times the number for 2015, according to the center.

Last year, 6,302 people donated organs after death in China, an increase of 22 percent compared with 2017. About 20,200 tr

ansplant surgeries were completed last year, an increase of 21 percent compared with 2017, ranking the seco

nd in the world after the United States, according to the National Health Commission.

On average, 6.8 of every 1 million people donated organs after death or while alive for their relatives in Ch

ina last year, a record high, according to the China National Organ Donation and Transplantation Committee.

Guo Yanhong, deputy chief for medical administration and supervision at the National Hea

lth Commission, said that with an increasing number of organ transplant surgeries performed, Chinese phys

icians are also making progress in organ transplant technologies, and a number of world-class centers in trans

plant surgeries, covering major organs such as livers, kidneys, hearts and lungs, have been established in China.

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fossils representing more than 50 previously undescribed animal species dating back 518 million years.

The soft tissues of their bodies, including muscles, organs, eyes and mouths are still visible in some

of the 4,351 fossils discovered in Yichang, Hubei province, according to a new study published in the journ

al Science on Friday. The excavated fossils represent 109 species, including known jelly fish, arthropods and algae.

Fu Dongjing, associate professor at Northwest University in Xi’an, Shaanxi, also the first author of the paper, said the research g

roup started exploring the ancient ruins in the summer of 2007, in Changyang Tujia autonomous county. It was lo

cated on the bank of Qingjiang River where a representative insect from the Cambrian period was first found.

The new trove of fossils called the Qingjiang biota-the living organisms of a region-ha

ve the potential to greatly inform the understanding of early animal evolution, according to the study.

About 542 million years ago, life on earth diversified at an extremely rapid pace, known as t

he Cambrian explosion. Almost all present animal categories appeared at that time. Many creatures wen

t extinct in the process of evolution, but others became the initial form of future organisms.

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  yed a part in bringing his younger brother’s business to the brink of collapse.

  The Mumbai billionaire stunned India in September 2016 when he launched a ne

w mobile network called Reliance Jio that offered customers six months of free high-speed internet.

  The move triggered a brutal price war, forcing some companies to quit the market altogether, including Reliance Communications.

  Indian billionaire turns to bankruptcy court after losing 4G price war with his brother

  Anil Ambani’s company, once one of India’s biggest mobile pl

ayers, announced in late 2017 that it would sell its main consumer mobile business to Reli

ance Jio in order to focus on providing data services to corporate clients.

  That deal has now been abandoned, the two companies said Monday. An Indian bankruptcy court will instead auct

ion off Reliance Communications’ mobile assets to pay off the company’s $7 billion debt.

  The Ambani brothers have had a tumultuous and often acrim

onious relationship. After the death of their father in 2002, they waged a bitter succe

ssion battle for control of the vast Reliance business empire that he had spent decades building.

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ption Alliance, said if Chinese smartphone makers want to trul

y grow into global brands, they cannot just stay in China or Southeast Asia or Africa. Th

ey need to establish a presence in more advanced markets such as Japan, Europe and the United States.

“They had made significant technological advancements as well as product designs in recent y

ears. They are now in a relatively good position to venture out into the advanced battlefields,” Xiang said.

Even as Oppo steps up expansion in Europe, it has filed over 33,000 patent applications worldwide as of January.

It has also inked a multi-year global patent license agreement with Swedish telecom equi

pment giant Ericsson. Under the deal, the two sides will also collaborate on a number of business projects.

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aceutical giant AstraZeneca PLC, believes the draft provides a more solid guarantee of the rights of foreig

n companies at the legal level, creating a more open, fair and transparent investment environment in China.

“We have witnessed and deeply felt the strong support of government in policies, talent and resources to create a friendly env

ironment for the long-term development of foreign companies in China,” Wang said.

“An optimized market as well as a positive and dynamic investment climate will maximize innov

ation, attract overseas resources and promote the cooperation of foreign and domestic companies.”

competitor demonstrates her robot during the competition at Xingtai city, North China’s Hebei province, March 2, 20

19. Over 400 students took part in an adolescent robotics competition held in Xingta

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