ulsory education, basic medical care, housing, drinking water, eldercare and ch
ild care, in addition to addressing other pressing issues for some groups in society.
Social security mechanisms to help those most in need will be furthe
r refined, with subsistence allowance systems set to be optimized, the statement said.
The meeting also called for full implementation of requirements set in the Ce
ntral Economic Work Conference, the annual policymaking meeting held in December.
The meeting urged an even more proactive fiscal policy and full implementation of tax and fee cuts.
Monetary policy will be eased or tightened to the right degree, and
it will be adjusted in accordance with economic growth and real-time inflationary and pricing
scenarios, the statement said, adding that financial support for the real economy will be bolstered.
on the new science and technology innovation board, which will pilot the registration-based IPO system, according to Xinhua.
To accommodate the progress of reforms and development of the capital market, other modifications have also been made, cov
ering public issuance of securities, securities trading, and the protection of investors’ rights and interests, Xinhua said.
Dong expects the latest version to legitimize registration-based IPO systems not only
on the new board, but also across China’s whole A-share market. “Once the system achieves success on the n
ew board, it should be adopted on other submarkets as soon as possible,” Dong said.
President Xi Jinping announced in November that China will launch the S&T innovation board and pilot the registr
ation-based IPO system. Analysts expect the new board to begin trading around the middle of this year.
“The latest draft is expected to make comprehensive revisions, and it could go a long way
toward restoring public investors’ confidence and modernizing the regulation and governance of the ca
pital market,” said Liu Junhai, director of the Business Law Center at Renmin University of China.
Qiu Yanpeng (middle), deputy commander of the PLA Navy, attends a press confer
ence for the upcoming multinational naval activity to mark the 70th anniversary of the People’s Liber
ation Army Navy at the press center in Huanghai Hotel in Qingdao, Shandong province, Ap
ril 20, 2019. About 200 journalists from home and abroad attended the press conference.Chinese Navy
will send 32 warships and 39 aircraft to take part in a joint sea parade in waters near Qingdao.
Nearly 20 ships from about 10 countries will participate in t
he sea parade on Tuesday, deputy commander of the PLA Navy Qiu Yanpeng said.
A Singapore Navy frigate arrived on Friday in Qingdao, Shan
dong province, becoming the first foreign warship to arri
ve ahead of a grand event to honor the 70th birthday of the People’s Liberation Army Navy.
The PLA Navy will hold multinational naval activities in Qingdao and nearby waters from
Monday to Thursday to celebrate its founding anniversary. They will include a joint sea parade, high-level sympo
siums, public tours of ships, military music performances and other cultural exchanges.
nternational relations scholars of his generation think of the US
as an example of the value of “freedom, democracy, fairness and human rights”.
“But those words are no longer applicable to describe the US today,” he said.
ore than a short-term absence from US academic activities, and “it is the US’ loss, not ours”.
He also said the decision would not affect the Chinese think tank he leads in continuing aca
demic exchanges with the US, and he suggests that China should not take countermeasures over such matters.
“No matter how petty the US becomes, China should still stick to its open attitude rather compete for who’s worse,” he said.
The China-proposed Belt and Road Initiative is not a geopolitical tool or a debt trap for particip
ating countries, but a platform for cooperation, State Councilor and Foreign Minister Wang Yi said on Friday.
Wang made the remark at a press conference ahead of the second Belt and Road F
orum on International Cooperation, which will be held in Beijing next week.