principles including that of the most favored nation and national treatment. If the US gets its way and introdu
ces the “American First” policy to the WTO as part of the reform, the WTO system would suffer a deadly blow.
It is imperative therefore that the WTO reform strengthens its dispute settlement mechanism, which is at the heart o
f the multilateral trade system, to overcome its existen
tial crisis. Besides, the principle of starting the reform from the least complicated areas should be adopted to carry o
ut deep and far-reaching WTO reforms so that it can accommodate the new trends in international trade.
As the largest developing and developed economies, China and the US generally represent the collective interests of the develo
ping and developed worlds. If the two countries make a breakthrough in the ongoin
g talks to resolve their trade disputes, they could join hands to drive the WTO reform forward.
And, as James Carafano, director of foreign policy studies at the Washin
ickly spread across the country as a way to express people’s gratitude toward the firefighters and wishes for their safety.
In Tongxiang, Zhejiang province, the fire and rescue bureau even received a car key, along with a letter.
“The car has been maintained, please feel free to use it. I hope the car will be of use in your work,” it said, accor
ding to a Sina Weibo post by the Fire and Rescue Bureau of the Ministry of Emergency Management.
The letter was signed by “Sichuan citizen”. The officers found the donor, a secondhand
car seller from Sichuan, thanked him and eventually talked him into taking back his car, according to the ministry.
As the gifts and heartwarming notes have become a trending topic on social media, experts said the enhancement of people’s fire s
afety and prevention awareness will help ease firefighters’ burden and better protect their safety.
foodstuffs to more than 1,000 people in the shelter, and also provided medical services to more than 800 people, the ministry said.
The Chinese aid team arrived in Mozambique on Monday as the first foreign
aid team sent abroad by the country’s recently established top emergency management authority.
The UN said Tuesday that Cyclone Idai has affected almos
t 3 million people in southern Africa, with almost 500,000 driven from their homes.
The cyclone hit Mozambique early March 15 and unleashed hurricane-force winds and rain th
at flooded much of the center of the country and then hit eastern Zimbabwe and Malawi.
According to an Agence France-Presse toll, compiled from government and UN figu
res, more than 700 people have been killed in Mozambique and Zimbabwe and hundreds are missing.
Editor’s Note: President Xi Jinping visited Italy, Monaco and F
rance from March 21 to 26. Why is the visit important for China-European Union rela
tions? Two experts share their views on the issue with China Daily’s Pan Yixuan. Excerpts follow:
Visit sets positive tones for China-EU relations
Xi’s visit to the three European countries has yielded substantial fruits of cooperation, the most significant being the
signing of a memorandum of understanding between China and Italy paving the way for Italy to participate in th
e China-proposed Belt and Road Initiative to promote mutual development.
The cooperation deals in fields such as trade and infrastructure that Italy has signed with
China will help the Italian government to boost the country’s economic recovery. For instance, the exp
ort of Sicily’s red oranges to China by air will be a small but important step toward boosting bilateral trade.
Bank of Beijing Co Ltd said on Friday that it has got the necessary board approvals for the estab
lishment of a joint venture with Netherlands-based ING Bank NV, in which the latter will be the majority partner.
With a total investment of 3 billion yuan ($448 million), the forthcoming joint-venture bank, which is still waiting for regulat
ory approval, may become China’s first commercial lender in which a foreign shareholder has a controlling int
erest. According to the plan, ING Bank will hold a 51 percent stake, and Bank of Beijing 49 percent.
Drawing on the experience of ING Bank in the successful development of direct banking services, the joint venture will build
a brand in the area of digital banking with the help of financial technologies and try to become a benc
hmark in terms of the implementation of China’s push to further open up its financial sector to for
eign investors, said the mid-tier commercial lender BOB in an announcement.
indicate, is the emphasis that is now being put on helping private companies and protecting intellectual property rig
hts. The top court’s report, for instance, vowed to “enhance judicial protection for intellectual property rig
hts, promote the transfer of old and new kinetic energies, and serve the economy’s high-quality development”. And
in addition to completing international business dispute resolution mechanisms related to the Belt and Road Initi
ative, it has pledged to offer “equal protection for legal rights and interests of all kinds of market entities”.
This reflects the importance the country has attached to unswervingly encouraging, supporting and guiding the develop
ment of the nonpublic sector and shows the judicial and procuratorial organs will play their due roles in pro
moting the country’s all-around opening-up by ensuring a level and rules-based playing field.
In essence, the two reports made clear that security, democracy, rule of law, fairnes
s and justice, and a better environment are the focus of judicial and procuratorial work in the new era.
Beijing’s new international airport finished its flight inspections on Sunday, 19 days ahead of schedule, according to the civil aviation authority.
At 10:20 am, an aircraft taking off from Beijing Capital Internation
al Airport in the northeastern part of the city landed smoothly on the northern run
way at Beijing Daxing International Airport. The Civil Aviation Administration’s North China Regional Bu
reau called the event a “successful completion” in a news release, referring to its series of flight inspections.
The inspections, which lasted for 34 days, started on Jan 22 and were suppo
sed last until March 15 to cover the airport’s four runways, six landing systems, lighting facilities and other services.
Flight inspections, which all airports must undergo before opening, are designed to ensure the airport’s flight pro
cedures and aviation navigational aids will be ready for operation, according to the news release.
Daxing airport is scheduled to be completed by June 30 and enter commercial operation before Sept 30.
said. In 2018, trade in goods between China and countries within the re
gion covered by the BRI stood at $1.3 trillion, a 16.3 percent increase year-on-year. It w
as 3.7 percentage points higher than the growth rate of China’s overall external trade.
More than 13,000 China Railway Express trains have traveled along the BRI routes to date, l
inking cities in China with 49 cities in 15 European countries, including London, he added.
Rona Fairhead, the UK’s minister of state for trade and export promotion, said trade be
tween the two countries is worth more than 66 billion pounds ($86 billion) annually.
“UK exports to China continue to go from strength to strength,” she said. “In this n
ew year, I very much look forward to continuing our close level of engagement w
ith China. It is clear that there is still untapped demand for British goods and services in the Chinese market.”
The 37 members of the 35th Chinese research mission to the Antarctic — from the Kunl
un and Taishan teams — left Taishan station for the 520-km-away Zhongshan station on Sunday amid a snowstorm.
After completing their research at Kunlun station, the 16 members of the Kunlun
team left the station on Jan. 24 and met with the 21 Taishan team members at Taishan station on Thursday.
On Friday, the Taishan team finished the second stage of construction on the Tai
shan station, including the completion of the main building and installation of supportin
g facilities. All members then cleared the construction site and collected waste before leaving.
A severe snowstorm hit Taishan when the mission left with 11 snowmobiles. Visibility
was down to about 100 meters and members could only communicate via interphones.
Lying at an altitude of 2,621 meters in the icy Princess Elizabeth Land in the East Antarctic inland ice sheet, Taishan was hit by con
tinual snowstorms when it was opened for use in February 2014 and the weather has been snowy in summer since then.
As a summer station, the Taishan station, which is shaped like a Chinese red lantern, can be used by as many as 20 peopl
e as the second stage of construction has made it more environmentally friendly and better equipped.
The research mission is scheduled to arrive at Zhongshan on Friday and members will celebrate the Chinese New Year on their way back.
As the biggest event of the day, the Federal Reserve’s decision is indeed the big market. Although the Fed