Some companies find niche markets in the industry by

producing specialized bicycles for health, sports and slow urban lifestyles.

Century-old bike-maker Shanghai Phoenix Enterprise (Group) Co Ltd and Tianjin Flying Pigeon Cycle Development Co are

transforming to produce sports and leisure bicycles based on the fast growth for these types of products.

The output of such bicycles priced above 1,000 yuan saw an 18.5 percent year-on-year increase to 8.43 millio

last year, up 10.5 percentage points over the previous year and accounting for about 11.5 percent of the total.

Other companies including Bike8, Onelap and Incolor continue to manufact

ure innovative bicycles by improving the intelligent and network connecting levels of their products

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My personal hope is that if there is any way or any futur

e in trying to forecast earthquakes, it may very well happen in China,” said Tappo

nnier, also foreign associate member of the United States’ National Academy of Sciences.

Four leading ethics scholars in China are urging government authorities to intensify their supervision over scientific research to re

duce the chances of unethical use of biomedical technologies involving gene editing and stem cells.

The appeal, published in the journal Nature on Wednesday, referen

ced a major ethical scandal in November, when a Chinese scientist announced he had pro

duced the world’s first twin human babies whose genes were altered to make them immune to HIV.

According to the administration, the country is stricken by an average 20 earthquakes abo

ve magnitude 5 every year. There is an earthquake above magnitude 8 every decade. Since the turn of

the new millennium, more than 91,800 people have been killed by earthquakes in the country.

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Noting that China has the world’s biggest middle-incom

income population, Xi said that China would open up its market continuously and welcome quality products from around the world.

China does not pursue a trade surplus intentionally, and it would like to import more com

petitive farm products, finished products and services to promote the balance of trade, Xi said.

China will promote greater openness in modern services, manufacturin

g and agriculture, allow foreign capital to hold the controlling share in more areas and buil

d some new free trade pilot zones to further ease market access for foreign capital, he said.

China will speed up making relevant rules and regulat

ions and ensure the implementation of the Foreign Investment Law, Xi said, adding that the cou

ntry will push forward supply-side structural reform through fair competition and international cooperation.

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Two Chinese nationals were confirmed killed, the

Chinese Embassy in Colombo said.The embassy is verifying the number of Chinese injured in the attacks.

Earlier information from the embassy said that four Chinese nationals were injured

in the multiple church and hotel explosions that ripped through the island nation on the Easter day.

The Chinese Embassy has activated an emergency response mechanism immediately a

fter the blasts, and embassy officials have visited the injured who were in hospital for treatment.

Curfew and ban on social media imposed

The government has imposed a nationwide curfew from 6 pm Sunday to 6 am local time on Monday.

The Sri Lankan government has also imposed a temporary ban on social media to prevent the spread of false information.

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The latest official tone came from central bank’s D

puty Governor Chen Yulu over the weekend. He reassured that monetary policy will remain “p

rudent” and “with proper intensity”. The growth of broad money supply (M2) and aggregate social financi

ng should align with nominal GDP growth, according to a statement on the central bank’s website.

The deputy governor delivered a speech at the 39th mee

ting of the International Monetary and Financial Committee in Washington.

Chen also stressed that the further improvement of the exchange rate regime wo

uld “keep the renminbi exchange rate generally stable at an adaptive and equilibrium level”.

Lu Ting, chief economist in China with Nomura Securities, wrote in a research note that de

spite solid credit growth, underpinned by ongoing monetary and credit easing measures, the government is u

nlikely to engineer another long and large-scale “credit boom” due to much narrower policy room than before.

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our responsibility to eliminate this risk. We own it

nd we know how to do it,” Boeing CEO Dennis Muilenburg said in a video, according to the report.

Also on Thursday, an Ethiopian official confirmed news reports that the flight crew of the d

oomed flight had followed Boeing’s recommended procedures, at least in part, by disabling the automated anti-s

tall system of the 737 Max 8 but were unable to regain control of the plane before it crashed.

At a news conference in Addis Ababa, the nation’s transportation minis

ter confirmed earlier indications that the plane’s anti-stall system was repeatedly triggere

d in the minutes between the takeoff and crash, but he did not draw definitive conclusions about the crash’s cause.

“The pilots turned the MCAS on and off, but I can’t say how many times, because we will find t

hat out when we have the final report,” Dagmawit Moges, Ethiopia’s transportation minister, told The N

ew York Times. Moges was referring to the anti-stall Maneuvering Characteristics Augmentation System.

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Finance Minister Liu Kun said at a forum on Sunday tha

t the government plans to accelerate local government bond issuance this year. “We are tryi

ng to complete the issuance of the new bond quota of 3.08 trillion yuan by the end of September.”

“We will urge local governments to inject funds into projects quickl

y in order to stabilize investment and expand domestic demand,” said Liu.

In the first two months, issued local government bonds totaled at 782.1 billion yuan. Among this, 326.1 bil

lion yuan was raised through special purpose bonds, a type just like United States municipal bonds, the ministry said.

hina will further facilitate foreign enterprises’ venture ca

pital investments in Chinese companies, said Premier Li Keqiang at the Boao Forum for Asia on Thursday.

The country will also improve the regulations on foreign investors’ strategic invest

ment in mainland-listed companies as well as on their mergers and acquisitions with domestic enterprises.

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He recalled the concerns that the United States expressed

ssed in 2015 when the United Kingdom tried to join the Asian Infrastructure Investment Bank, a China-initiated multilateral financial institution, and said

it was only when all other European countries signed up for it that those concerns began to dissipate.

“I expect the same thing to happen now (about the BRI),” he said.

Sun Zhaolong, a researcher at the Academy of Contemporary China and World Stud

ies, wrote in an article that Italy’s involvement in the BRI will play an exemplary role in attracting more cou

ntries to the platform for international cooperation while allaying concerns of some countries over the initiative.

Former Italian Prime Minister Romano Prodi also said in an interview with China N

ews Service that Italy could be a protagonist in Belt and Road cooperation with China.

During their talks, Xi and Conte also agreed that the two countries should jointly up

hold multilateralism, promote free trade and cement ties between China and the European Union.

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Thursday’s defeat-the first test of newly appointed coach

 Fabio Cannavaro who is also helming CSL side Guangzhou Evergrande-was harder to swallow becau

se Team China had defeated Thailand in the round of 16 at the Asian Cup in the United Arab Emirates in January.

The 45-year-old Cannavaro, who took over from compatriot Marcello Lippi last week, ha

s made headlines and triggered controversy because of the dual club-and-country role.

“China now has the financial power to bring the best coach to manag

e its team, but that cannot bring any improvement overnight,” Cannavaro said after the loss.

“You need to set up a sustainable system in order to develop soccer over the long term.

“China cannot improve with only good tactics. I found that problem

during this year’s Asian Cup. And what I saw tonight confirmed my judgment.”

aishedesao.com


donate blood at a donation point after a deadly chemical fact

The blast occurred on Thursday at the Chenjiagang Industrial Park in t

he city of Yancheng, in Jiangsu province, and the fire was brought under control on Friday.

Meng’s union has been offering free food and drinking water to those donating blood since the center was set up Thursday.

Gao Shuibao, a volunteer at the local Red Cross society, estimated at least 280 people do

nated their blood on Thursday and the number stood at more than 200 on Friday morning.

Zhang Yinlong, whose home is about 20 kilometers away from the donation point, had come in for the fourth time on Friday to give blood.

“I came at 5 pm yesterday, but only found an extremely long line. I went back home and

came back again at about 8 pm, but had to give it up after waiting for two hours,” said the 38-year-old.

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