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Monthly Archives: April 2019

Chinese firms ideal partners on Belt and Road Initiative

Firms from China and the UK are ideal partners in many countries along t

he Belt and Road Initiative, a China-Britain Business Council official said in Beijing.

“The UK has taken a very positive view on seizing these opportunit

ies for UK businesses, particularly our banks, our large consultancy firms and our infr

astructure companies,” said Jeff Astle, managing director of China operations at the council.

British expertise in areas of financial services, banking, legal services, consulting services around engineering pro

vides a broad range of opportunities for UK firms to collaborate with Chinese firms in other countries, Astle said.

“We benefit from many English legal jurisdictions in many

of these countries, the English language and our businesses have long history and experiences in these coun

tries. That means we are a great ideal partner for Chinese firms in many of these Belt and Road counties,” said Astle.

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Before the drug was available on the Chinese mai

nland, there was little effective therapy for the disease, and patients depended mainly on treat

ment such as respiratory and nutrition supports, said Xiong Hui, Beijing Medical Association rare disease c

ommittee member and Peking University First Hospital deputy director of pediatrics.

Spinraza debuted on the Chinese mainland having been fast-tracked through the marke

t approval process for rare disease drugs, which, available overseas since July, are urgently needed in China.

The drug began the approval process in September and was issued a license in February.

Premier Li Keqiang said in February that the government will step up efforts to gua

rantee more than 20 million rare disease patients have access to required medication.

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hinese prize for quantum research announced

A total of 12 million yuan ($1.78 million) of cash will be granted to 12 international scientists for their

groundbreaking academic contributions to the fields of quantum computation and quantum com

munications, according to a press release by the newly founded Micius Quantum Foundation on Friday.

With a combined donation of 100 million yuan from Chinese entrepreneurs, the foundation based in Hefei, East China’s Anhu

i province, will give each of the six annual laureates one million yuan. The foundation, a non-profit organization, ai

ms to promote development of quantum information science and technology.

The Micius Quantum Prize’s 2018 and 2019 laureates were announ

ced at the same time, as selection of first-year nominees took longer than expected, said Luo

Yi, president of the foundation and a scientist from the University of Science and Technology of China, based in Hefei.

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delivers keynote speech at second B&R forum

President Xi Jinping delivered a keynote speech at the opening ceremony of the Second Belt

and Road Forum for International Cooperation in Beijing on Friday. Here are the highlights.

Belt and Road opens up new space for global economic growth

Joint building of the Belt and Road has opened up new space for the world’s economic grow

th. It also created a new platform to boost international trade and investment, expanded new practices to optim

ize the global economic governance, and made new contributions to improving people’s well-being of all countries.

High-quality development of Belt and Road stressed

The principle of extensive consultation, joint contribution and shared benefits should be uphel

d. The open, green and clean approaches should be adhered to. The goals of high-standard, livelihood-impro

ving and sustainable development should be achieved.High-quality, sustainable infrastructure under BRI highlighted

Infrastructure is the cornerstone of connectivity

and a bottleneck of development confronting many countries. Bui

lding infrastructure with such standards can help countries give full play to their advantages in resources and b

etter integrate into the global supply, industry and value chains for interconnected development.

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China looks to strike a balance between meeting finan

ancing needs, sustainable development and debt sustainability, according to Finance Minister Liu Kun.

“We will build a high-standard and high-quality financing system to s

upport long-term and sustainable BRI investment while preventing debt risks,” Liu said.

He suggested promoting financing cooperation for projects in

third-party countries, equity investment and attracting more private funding.

Enhancing debt and risk management is a key consideration for deepening BRI financi

ng cooperation, said Yi Gang, governor of the People’s Bank of China, the central bank.

“The debt issue in developing countries should be treated objective

ly. If debt growth is accompanied by infrastructure improvement, enhancement of people’s liveliho

ods and productivity and poverty reduction, it will be beneficial for the sustainability of long-term debt,” Yi said.

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The death toll of the multiple explosions which ripp

 through Sri Lanka on Sunday has risen to 359, according to a police report released

on Wednesday. While mourning alongside Sri Lankans, the world community needs to shore up greater reso

lve and build a broader consensus to counter extremism and terrorism worldwide.

The terrorist attacks in various locations in the South Asian country o

n the same day must have required a lot of planning, and i

t is believed they were the result of collaboration between domestic and overseas extremists.

This series of terrorist attacks follows the attacks on two mosques in Christc

hurch, New Zealand, and both tragedies should not only sound the alarm but also rally the

international community to eliminate the terrorist and extremist elements in civil societies.

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Only a united global community can uproot both th

terrorist cells and the soil that breeds them. Countries with different political and so

cial systems should overcome any biases and abandon any double standard so as to form a united front against global terrorism.

The atrocities in New Zealand and Sri Lanka show even countries th

at seem to have a low risk of becoming the target of terrorists cannot remain immune to the scou

rge. To win a battle against terrorism, the world needs to address both the symptoms and root causes of terrorism.

In the end, instead of pointing fingers, it is essential that countries enhance both the effect

iveness and efficiency of their cooperation with real coordinated actions.The much anticipated Russia-DPRK

summit is seen as a possible chance to break the deadlock in denuclearization talks, ease Pyongyang’s sancti

ons pressure and catalyze a new drive for economic development in the region, analysts said.

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The power of the bill is not limited to within Austra

alia. In fact, any organizations or individuals providing communication services to Australia

are subject to its jurisdiction, whether its “company, server, manufacturing location” is locat

ed in Australia or not. More shockingly, the law imposes an extraordinary duty of confidentiality. The priva

te sector, which assists law enforcement, cannot disclose the details of the instructions it receives, or even the ins

tructions themselves. Otherwise, the violators will be put into prison for up to five years.

In The Spirit of the Laws, Montesquieu warned: “Constant experience shows us that every

man invested with power is apt to abuse it, and to carry his authority as far as it will go.” The bill, with its secrecy, broa

d jurisdiction and powers that can set up “backdoors” of systems, has caused widespread fear among Austr

alians, with many thinking the law has opened “Pandora’s box” of “surveillance states”.

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The origins of modern surveillance states can be trace

 back to the US government’ s military occupation of the Philippines in the 1890s. Christ

opher J. Coyne, a professor at George Mason University in the United States sai

d in the book Tyranny Comes Home that under the leadership of Ralph Van Deman, the father of US military int

elligence, the American occupier established an advanced monitoring agency at the time to suppress rebels and dissidents.

In May 1917, Vanderman took charge of the Military Intelligence Section (

MIS), a similar surveillance facility in the United States, and which would eventually evo

lve into the US National Security Agency (NSA). In 1955, the United States further launched an intelligence gat

hering and analysis network consisting of five English-speaking countries: the United States, Britain, Canada, Australia, and New Zealand. Thi

s is the so-called “five-eye alliance.” As a result, the five countries can globally intercept and monitor telephone exc

hanges, faxes, mails and other information transmitted by satellite communications.

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As President Xi has said, the initiative originated from

China, but it belongs to the world. China has put forward the idea of boosting global development vi

a infrastructure connectivity, and is working zealously to translate it into reality. This is based on wha

t the country learned from its own rags-to-riches story, its own experience of the benefits of free trade and inte

rnational cooperation, and on its understanding of the role a responsible major country must play.

The forum’s growing list of distinguished guests is credible testimo

ny that more and more countries appreciate the initiative‘s win-win nature and long-term pote

ntial. With 126 countries and 29 international organizations signing cooperation agreements with China und

er the Belt and Road framework, and the Asian Infrastructure Investment Bank now boasting 97 members, it is m

ore appropriate to call the initiative a global development mechanism than a Chinese one.

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