Monthly Archives: March 2019

Over the years, FAA has increasingly shifted toward wor

king with industry to meet shared safety goals,” he said. “FAA now delegates more of its aircr

aft certification to approved manufacturers through its congressionally authorized Organization Desig

nation Authorization program or ODA. However, my office has identified weaknesses with FAA oversight of ODA.”

Senators questioned the safety of Boeing’s anti-stall system, called the Maneuvering Characteristics Augmentation System.

The system was installed because Max jets have bigger engines mounted closer to the nose of the plane than older Boeing 737s, changing the plane’s aerodynamics.

If the nose rises, threatening a stall, the MACS system automatically points the nose of the plane down to gain speed. The sys

tem can be shut off by flipping a switch on the throttle console between the pilot and co-pilot.

The “angle of attack” sensor built into the Max aircraft measures the amount of lift generat

ed by the wings. The device warns pilots when there is too little lift, potentially stalling the plane

huawaii.cn


Currently, all special purpose local government bonds are

domestically rated “AAA”, the safest level. The sale to individual investors is mainly of project-link

ed special-purpose bonds, a type of local government bond vigorously promoted by the government in re

cent years. The cash flows generated from the underlying projects will be used as the primary repayment sources.

In China, there are two types of local government bonds: general bonds and special purpose bonds. According to the country’s 2019 budget repor

t, which was approved by the top legislature earlier this month, the budgeted deficit for local governments is 930 billion yuan, up 100 billi

on yuan compared with 2018, and this fund gap will be supplemented by general bonds.

In the meantime, 2.15 trillion yuan of special purpose bonds will be issued to support la

rge infrastructure projects, such as shantytown renovation projects and railways, said the ministry.

Letting individual buyers invest in local government bonds is a way to narrow the government’s financin

g gap, said Hu Yijian, a tax professor at Shanghai University of Finance and Economics. The gap is expected to expand, as policym

akers decided to cut about 2 trillion yuan in taxes and fees this year while at the same time increase spending on investment.

qiuLuhuang.cn


While May was addressing her lawmakers, MPs in the mai

n chamber debated eight other Brexit options, ranging from leaving abruptly with no deal to revoking the divorce altogether.

While there was no majority support for any, the option calling for a referendum on any depa

rture deal, and another suggesting a UK-wide customs union with the EU, won more votes than May’s deal did two weeks ago.

Oliver Letwin, a Conservative former cabinet minister who led parliament’s unusual power grab, said it ha

d been expected that none would immediately win a majority, and lawmakers would have another chance on Monday.

The uncertainty around Britain’s most significant political and economic change since W

orld War II has left allies and investors aghast. Sterling dipped after Wednesday’s events.

If May’s deal were to pass, her office said there would be a contest to replace her after May 22, when Britain would leave the EU.

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She would also become the fourth Conservative prime min

ister in a row to have fallen foul of divisions over Europe within her centuries-old party, following David Cameron, John Major and Margaret Thatcher.

Most voters think the Brexit negotiation has been handled badly and there may now be a slight majority for staying in the EU, rec

ent polls suggest. Many Conservative MPs say May herself has caused the chaos by not negotiating harder with the EU.

“It was inevitable and I just feel she’s made the right decision. She has actually read the m

ood of the party, which was a surprise,” said Conservative lawmaker Pauline Latham.

Over two decades since her debut appearance at Wimbledon, Chinese legend Li

Na still remembers her awkward introduction to the iconic London tournament.

Li first competed there in the girls’ singles in 1998, and was tripped up by the switch f

rom hard courts to grass, not to mention the All England Club’s famous sartorial etiquette.

“I had no clue at all on how to play on grass,” Li recalled at Tuesday’s The Road to Wimbledon junior training camp in Beijing.

qiancengdian.cn


Li, who inspired the boom after winning Asia’s first major

 title at the 2011 French Open, warned that increased funding and exposure for the sport does not guarantee Grand Slam champions will follow.

“After the US Open (in August), players don’t need to travel overseas with tournam

ents held at home one after another,” said Li, who is an ambassador for her hometown Wuhan Open in Hubei province.

“However, for the younger players nowadays they are likely to squander the opportuni

ties that we had to fight hard to earn, because everything comes easier and more frequently.

“They have to focus on the game itself rather than the exposure or expectations off

the court to really improve one event at a time and benefit from the momentum.”

When Li turned pro in 1999 China had only two entry-level tournam

ents. Now the Women’s Tennis Association calendar features nine Chinese tourn

aments, including the premier mandatory China Open in Beijing and year-end WTA Finals in Shenzhen.

aaart.org.cn


Five Chinese women are ranked in the world’s top 50, spear

headed by No 18 Wang Qiang, who this week reached the Miami Open quarterfinals to

become the first Chinese to go that far at the premier mandatory event since Li’s run to the final in 2014.

Li is delighted to see her compatriots mixing it with the world’s best, but said she expects more.

“It’s good to have a group of girls in the top 50, but the resources they enjoy today make me believe they could do better,” she said.

With more advanced coaching and training methods, WTA

CEO Steve Simon reckons China will unearth the next Li sooner rather than later.

“The chances of finding the next Li Na are very bright; it’s just a matter of time,” he said earlier this month in Shenzhen.

The return of The Road to Wimbledon, a tailor-made tournament for under-14 players, f

or its fourth year in China is part of the latest effort to deepen the domestic talent pool.

It began on Monday with a weeklong trial camp overseen by Dan Blox

ham, head coach of the All England Club. The best performers will be picked to compete at a nat

ional tournament in Nanjing in May, which will decide China’s representatives at the global final at Wimbledon from Aug 11-17.

www.headun.cn


This year marks the 55th anniversary of China-France

diplomatic ties. During their meetings, Xi agreed with French President Emmanuel Macron and Prime Minister Edouard Philippe to f

orge a more solid, stable and vibrant China-France comprehensive strategic partnership, and continue to explore the way for major countries to get al

ong with each other, which should feature independence, mutual understanding, foresight, mutual benefit and win-win outcomes, Wang said.

In the joint statement issued by China and France on jointly safeguarding multilateralism and improving global governa

nce, the two sides pledged to build international relations of mutual respect, equality, justice, and win-win coop

eration on the basis of respecting international laws and the basic principles of international norms, Wang said.

Speaking of Xi’s visit to Monaco, Wang said leaders of the two cou

ntries have agreed to firmly stick to the correct direction of bilateral relations, adhere to open

ness and cooperation, and pursue more win-win results so as to jointly elevate the China-Monaco relations into a new era.

During Xi’s talks with Prince Albert II, head of state of the Prin

cipality of Monaco, the Chinese president said both sides should adhere to openness and cooperation a

nd pursue more win-win results, adding that China welcomes Monaco to actively participate in the joint development of the Belt and Road.

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The Belt and Road Initiative is set to promote cooper

globally — not for China only, Asian Infrastructure Investment Bank President Jin Liqun said on Wednesday.

Jin made the remarks in response to questions over whether the BRI only involves C

hinese projects prior to the Boao Forum for Asia, which will officially begin on Thursday.

“It was a misunderstanding,” Jin said, adding any country or investor can do a BRI project

anywhere, so long as it promotes global and regional economic cooperation, peace and development.

“The so called ‘China strategy’ is simply to promote global cooperation,” he added.

Joint efforts essential to fight global warming: China Daily editorial

Record low temperatures in winter and record high temperatures in summer in many parts of the

world year after year and more frequent natural disasters caused by extreme weather events prov

ide strong evidence that global warming is not just an alarmist theory as some claim.

Yet striking a balance between the effective control of human activities that are contr

ibuting to climate change and economic growth is proving a hard nut for countries to crack.

shlftv.com


After 10 years of development, China’s new energy veh

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.

shlfat.com


According to the Ministry of Commerce, as of the end of N

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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