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of cooperation, defined key areas and strengthened the mechanism to seek high-quality development of the BRI, he said.
Leaders reached wide-ranging agreement on high-quality cooperation on the BRI at the leaders’ roundtable on Saturday after an i
n-depth exchange of views on issues such as connectivity, policy integration and sustainable development.
They supported comprehensive infrastructure connectivity as a way to foster economic growth and to build high-q
uality, reliable, resilient and sustainable infrastructure, according to a joint communique issued after the roundtable.
All parties involved supported strengthening synergies in development policies using the principle
of extensive consultations, joint contributions for shared benefits and building even closer partnerships, the joint communique said.
The leaders also upheld green and sustainable growth and agreed to enhance cooperation in areas such as environ
mental protection, circular economy and clean energy, according to the communique.
mmercial Aircraft Corporation of China, Ltd. (COMAC), for example. At the earliest, COMAC will get the airworth
iness certificate for C919 in 2021. Besides, just obtaining the certificate does not reduce even a bit of the difficulty in making and delivering the aircraft.
As the history of aircraft manufacturing shows, it is almost impossible for manufacturer
s to obtain airworthiness certificate and deliver aircraft to the purchasers on time. More often than not, aerospace companies ta
ke several years more than the promised time to deliver the aircraft. For instance, both Boeing 787 Drea
mliner and Airbus 380 were delivered years behind schedule. Which means delayed delivery is a norm in the aerospace industry.
In short, it would take decades for Chinese manufacturers to mass-produce airplanes irrespective of the rise and fall of other aircraft makers.
China has made great strides in industrialization during the 40 years of reform and opening
-up, but for that it learned from developed countries’ experiences and put its own experiences to good
use. The complete system of research, development, safety, production, supply chain and service that took Boein
g and Airbus decades to establish should be what Chinese aircraft manufacturers should strive for. With continuo
us efforts, C919 could earn its place in the civil aviation industry－perhaps 10, even 20, years later.
According to Gong, however, the school was established to meet the demands of the booming crayfish industry in Qianjiang.
The crayfish industry, comprising breeding, cooking, processing and exporting the crustaceans, is the city’s leading sector.
It employs an estimated 130,000-150,000 people, accounting for more than half of the local workforce, Gong said.
Washington should admit that every country ha
s a justified right to develop and most countries c
an make their own choices independently, a Foreign Ministry spokesman said on Monday.
”More and more people have shown an increasingly just at
titude toward Chinese technology companies’ participation in 5G network construction. The
United States should not feel uneasy about this,” ministry spokesman Lu Kang told a news conference in Beijing.
en’s rights and speaking out against the death penalty — it is utterly outrageous that Ir
an’s authorities are punishing her for her human rights work,” said Philip Luther, Amnesty Int
ernational’s Middle East and North Africa research and advocacy director, in a statement on Monday.
Last June, Sotoudeh was arrested at her home in Tehran and taken to Evin prison, a notorious jail just outside the capital.
According to Amnesty International, Iran conducted its “worst” crackdown in a decade in 2018, arresting over 7,000 dissidents.
Women in Iran have been protesting the obligatory Islamic headscarf by taking theirs off and waving them on sticks.
Sotoudeh, a winner of the European Parliament‘s Sakharov Prize for Freedom of Thought, is serving a jail sentence for a secon
d time. In 2010, she was sentenced to 11 years in prison on charges related to her work defending detained Iranian dem
onstrators during the 2009 Green Movement, a protest movement sparked by widespread accusations of electoral fraud.
ment bond issuance or implement more tax cuts, Economic Information Daily reported Wednesday, citing the Chinese Academy of Social Sciences.
A total of 2.61 trillion yuan ($386.46 billion) of bond quota was unused by the end of 2018, accounting for 14.1 percent of total local debt, the academy said in a report.
This means China can extend bond issuance, or undertake 14 percent of tax and fee cuts.
The debt balance stood at 18.39 trillion yuan at the end of last year, well below the official ceil
ing of 21 trillion yuan, and accounting for 109 percent of total fiscal revenue of local governments.
In 2018 local authorities raised a total of 4.17 trillion yuan through bond issuance, down from 4.36 trill
ion yuan in 2017, according to the Ministry of Finance. The local debt ratio was 76.6 percent last ye
ar, significantly lower than the international warning line of 100-120 percent.
Last year local governments’ implicit debt risk was controlled effectively, however, the total debt level was still huge, the academy said.
In 2018 new explicit debts rose 13.5 percent to 2.18 trillion yuan, while the in-balance-sh
eet interest payment reached 734.5 billion yuan, with a 17.1 percent growth rate, about 2.75 times that of fiscal revenue.
A rapid increase in interest payments put pressure on future fiscal guarantees and service capacity, the academy added.