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rimination bent of the law which, in my view, will lead to a significan
t inward flow of foreign capital in key services and advanced manufacturing sectors,” he said.
Overholt said “the list of issues that President Xi has addr
essed are the issues that the business community is concerned about”.
“It is excellent that President Xi recognized some problems,” especially those associated with its Belt and Road Ini
tiative, such as transparency and corruption, said Craig Allen, president of the US-China Business Council.
Experts also were interested in how the reform policies and laws would be implemented, something Xi addressed in his speech.
“People are very positive about the direction, but they need t
o know the details” of how the promises would be delivered, Overholt said.
WTO dispute settlement system. Although the rulings are not bindi
ng, most WTO members take them seriously and view the process as a normal part of their
participation in the multilateral trading system, regardless of whether they win or lose any particular case. In do
ing so, they show their respect for the WTO’s principles of consultation and consensus.
China had filed 17 cases with the WTO as of Ap
ril 2018, of which eight had been closed. At the same time, 27 cases had been filed a
gainst China with 23 closed. The United States has had more cases filed against it than any other member state
in the WTO, and it lost quite a number of these cases. In 2016, for example, the WTO ruled against the Unite
d States with regard to a complaint from China in 2013 that it had violated WTO rules by imposing anti-dumping duties
on a number of industries, including machinery, electronics, light industry, metals, and mining.
world: One in the Suzhou Zoo, one in Dong Mo Lake west of Hanoi and one in Xuan Khanh Lake in Hanoi’s outskirts.
The Yangtze giant softshell turtle is one of the world’s largest known freshwater turtle species, and one of the world’s 50 most threatened turtles.
The 125th China Import and Export Fair, also known as the Canton Fair, China’s largest
trade fair, will open on Monday in Guangzhou, capital of South China’s Guangdong province.
The spring session of the biannual fair will be held in three phases. The export section w
ill have 51 exhibition areas with 59,651 booths booked by 24,800 domestic enterprises.
The first phase of the export exhibition held from April 15 to 19 will mai
nly showcase mechanical and electrical equipment, hardware, and building mate
rials. The second phase from April 23 to 27 will showcase consumer goods and gifts. The third issue from May 1 to 5 will d
isplay textiles and clothing, luggage, culture and sports, food, medical supplies and medical health products.
the organization’s reform be carried out? Two experts share their views on the issue with China Daily’s Liu Jianna. Excerpts fo
llow:China’s developing country status has not changedBai Ming, a senior research fellow at and deputy direc
tor of the Institute of International Market, Chinese Academy of International Trade and Economic Coope
rationDespite the large size of its economy and remarkable GDP growth, China remains the largest developing economy
. Even though there are no WTO definitions of “developed” and “developing” countries, compared with China, p
eople in developed countries enjoy higher living standards. Besides, China still has to lift millions of people out of pov
erty, especially in its central and western regions.Due to its huge population－the largest in the world－China’s per c
apita GDP is still very low in relation to that in developed countries. For instance, China’s per capita GDP of less th
an $10,000 in 2018 was meager compared with the US’ nearly $60,000, and low
er than the over $10,000 per capita GDP of some other developing countries such as Russia and Argentina.
Cooperation at the ministry’s Office for International Military Cooperation, said that comp
ared with other branches of the military, the PLA Navy plays a relatively larger role in protecting China’s overseas inter
ests and maintaining security in key sea lanes such as the Gulf of Aden and waters off Somalia.
“The PLA Navy is at the forefront of proving that the Chinese milita
ry is an open, cooperative and competent force for peace,” he said, adding that the PLA Navy has f
requently participated in humanitarian rescue missions, naval escorts, joint exercises and exchanges in past years.
“Through these non-war military operations, the Chinese Navy has also improved its capability and operability in dis
tant waters,” Zhou said. “Many security issues around the world require global efforts, and as its capability impr
oves, the PLA Navy can play a bigger part and contribute more to global maritime security.”