Talks with Vanuatu PM China seeks no private interests

and scope of influence in developing relations with Pacific island cou

ntries, and will be good friends and partners trusted by them forever, Xi said on Tue

sday. Xi made the remarks while meeting with visiting Vanuatu Prime Minister Charlot Salwai in Beijing. The Chi

na-Vanuatu relationship has become a good example of relations between China and Pacific island countries, Xi s

aid, adding political mutual trust between the two countries keeps d

eepening and exchanges and cooperation in various fields continue to expand.

Xi said the country appreciates Vanuatu resolutely adhering to the one-C

hina policy, and supports it independently choosing the development path that suits its

national conditions. Xi called for strengthening the alignment of the development strategy of the Pacific island cou

ntry with the BRI and tapping potential for bilateral pragmatic cooperation.

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Global index compiler MSCI will implement the first step

 of the weight increase of China A shares in the MSCI Emerging Markets Indexes, according to a MSCI index review released on Monday.

Twenty-six China A shares, 18 of which are ChiNext stocks, will be added to the MSCI China Index and the inclusion factor for 238 existing consti

tuents will be increased from 0.05 to 0.10, the MSCI Equity Indexes May 2019 Index Review said.

China A shares will have an aggregate weight of 5.25 percent and 1.76 pe

rcent in the MSCI China and MSCI Emerging Markets Indexes, respectively, according to MSCI.

The weight increase of China A shares in the MSCI Emerging Marke

ts Indexes will be implemented through a three-step process, the report said.

The Foreign Inclusion Factor-adjusted market capitalization of China

A shares will be further raised to 0.15 as part of the August 2019 Quarterly Index Review and

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In 2008, he accidentally came across a group of people fly

 flying a remote-controlled model aircraft, which intrigued him

and brought back his fantasy. He immediately bought a model aircraft for himself. Ho

wever, due to his lack of basic knowledge in operating it, he broke the aircraft that same day.

“I tried very hard to fix it but failed,” he said, adding that he was then d

etermined to make himself an expert. He began to study online and made friends with many dieh

ard fans. After half a year, he was able to make modifications on model aircrafts.

With drones becoming mainstream in China, Zhao decided to s

et up his own company in 2010 to sell drones. After his compa

ny was set up, five drone models had been invented by his team, including a modified drone powered with fuel.

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Another 11 tax authorities from Italy, Greece, Iran,

Saudi Arabia and New Zealand, among others, joined the mechanism as observers, and will have advisory roles.

Expanding tax dispute resolution activities, increasing transparency, streamli

ning compliance and digitizing filing are some of the key tasks that the mechanism will

act upon going forward. To help facilitate these goals, an office will be opened in Beijing.

Members agreed that the mechanism is in response to calls by

G20 leaders for a fair, transparent and modern tax system that ultimately contrib

utes to the fulfillment of the United Nation’s 2030 Agenda for Sustainable Development.

Wang Jun, commissioner of China’s State Taxation Admin

istration, was elected chairman of the mechanism‘s council. He suggested that mem

bers jointly enhance tax administration capacity and build a growth-friendly tax environment.

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The 40-year-old Wang Xing, chairman and CEO of M

eituan Dianping, China’s leading on-demand online service provider, is the youngest among China’s 10 most powerful businesspeople, according to the list.

Dong Mingzhu, chairwoman of Gree Electric Appliances, a major home appliances maker

based in Zhuhai, Guangdong province, is the only woman entrepreneur on the top 10 ranking, placing seventh.

Xu Jiayin (Hui Ka Yan), chairman of China’s property developer Evergrande Gro

up, and Lei Jun, founder of smartphone maker Xiaomi Group, also made the top 10.

The China Consumers Association said Wednesday that financial servi

ces in automobile sales should be clearly priced and forced transactions eliminated.

The association held a discussion Wednesday morning on the issues of fina

ncial service fees in automobile sales and car buyers’ difficulties defending their rights.

The discussion concluded that car dealers fabricate required ite

ms to increase consumers’ payments and fail to provide receipts or other certificates.

When disputes over quality arise, consumers often experience difficulties negotiating with dealers or lodging complaints.

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Second minor earthquake in a week detected in Beijing

magnitude earthquake at a depth of 19 kilometers was detected at 12:47pm on Sunday

in Beijing’s Huairou district, according to the China Earthquake Networks Center.

It is the second earthquake in a week that occurred in the capital, following a 2.9-magnitude earthquake in Beijing’s Haidian district last Sunday.

Earthquake experts said minor quakes are normal in the area, as Beijing is located in the earth’s rift zone. There is no need for worry.

Since Beijing is at the junction of the earthquake zone of Shanxi province, the North China Plai

n and Yanshan Mountain, it’s normal for the capital to experience small quakes at a magnitude of two to thre

e, said Sun Shihong, a researcher at the China Earthquake Networks Center, as quoted by Beijing News.

“There will be no major impact on those living or working in the capital,” he said.

Seven rift belts are scattered through the plains in Beijing, mostly lyin

g from the northeast to the southwest. Among those rift belts, active ones are more likely to trigger quakes.

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All 15 films were selected from 775 aspiring nomina

tions from across 85 countries and regions worldwide, a noticea

ble rise from the pool of 659 films from the 71 nations and regions last year.

Helmed by US director Rob Minkoff as president, the jury panel consists of six other

members: Chilean director Silvio Gayoqi, Chinese director Cao Baoping, Russian director Sergei De Wattsvoy, Hon

g Kong actress Carina Lau, Iranian director Majid Majidi and British director Simon West.

Starring Shah Rukh Khan and Anushka Sha

rma, the Bollywood movie Zero will be screened as the closing film of the festival.

While the race for the awards is attracting insiders, a special segment titled Film in Panorama will screen 261 new

and classic films in 30 theaters over 15 days, providing a visual feast for film fans in the capital.

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The government said there were many flaws with th

 the legislation, including the lack of time available for all the steps it sets out, and had concerns about the precedent it set.

Pro-Brexit Conservative lawmaker Bill Cash described it as “a constitutional revolution”.

“This is a grave moment in our constitutional history. I think the Bill is reprehen

sible … I think it is a disgrace that it was brought in,” he told parliament ahead of the votes.

It was unclear when the legislation would be debated in the House of Lords, where legislation

usually passes more slowly and opponents could seek to filibuster it, but it could be as soon as Thursday.

Conservative lawmaker Oliver Letwin, who was also involved in

putting forward the legislation, said earlier on Wednesday there was “overwhelming supp

ort in the House of Lords” for it and he anticipated it would pass through the Lords rapidly.

“The House of Lords has in fact already passed a motion which

provides for the expeditious consideration of exactly this form of bill,” he said.

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According to him, the country’s accommodation sharin

ng industry will maintain high-speed growth this year, and might make a breakthro

ugh in legalization. For instance, owners of short-term rental houses will have a lega

l identity, and safety standard of the shared homes will be in accordance with that of hotels.

“However, there is no law to regulate home-sharing services at present, which is the biggest challeng

es we face,” Yang said, adding that the Chinese government has a positive attitude toward the sharing economy.

In October, the State Council released an action plan for 2018-20 to further stimulate domestic consumption.

Market access should be relaxed in several service-related fields, such as tourism, and efforts to boost the develo

pment of short-term rental services, such as rental apartments and guesthouses, are encouraged.

Launched in 2011, Tujia lists 1.4 million online homes, including apartments, home

stays and villas across 400 Chinese cities and more than 1,000 overseas destinations.

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Considering that the two accidents took place after ne

 Boeing 737 MAX 8s were delivered, and went down just minutes after taking off, within five months of each other, they have some degre

e of similarity,” the administration said in its statement. The administration grounded all Chinese Boeing 737 MAX 8 jets on March 11.

“With China suspending the airworthiness certificate for the Boeing 737 MAX 8, domesti

c airlines are unable to purchase this model,” Li said, adding that it will undoubtedly cause great economic losses to Boeing.

As of the end of January, the Boeing 737 MAX family had 5,011 orders worldwide, of which 3

50 had been delivered. More than 420 orders came from China, with 96 already in commercial operation.

The future of the commercial aviation market in China is very exciting, Li said, and no othe

r country has more demand for aircraft. But safety questions are hindering Boeing, Li said.

A Southwest Airlines Boeing 737 MAX 8 heading to the California desert for parking during a global ban of the aircraft m

ade an emergency landing on Tuesday due to an engine-related problem shortly after takeoff, according to the carrier.

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