considerable excitement. True, the company faces similar

bstacles to those that Asian and Latin American platforms previously had to overcome, including a

lack of reliable payment systems, low trust between buyers and sellers, and logistics and deliv

ry bottlenecks. But the experience of other regions shows that these shortcomings can be addressed over time.

Internet regulations must not be disruptive

The bigger risk to these platforms stems from the inevitable and necessary increase in regulation of the internet arou

nd the world. In particular, diverse national regulatory regimes may inadvertently or deliberately disrupt or bloc

k the international development of e-commerce ecosystems, hurting lower-income countries in the process. Avo

iding the creation of such unintended obstacles should therefore be a high priority for the international community.

blghuafenchi.cn

President hails Nepal’s participation in BRinping holds

China and Nepal should strengthen cooperation on infrastructure construction and continue to promote the constructi

on of the China-Nepal cross-border economic cooperation zone, President Xi Jinping said in Beijing on Monday.

Xi made the remark during his meeting with his Nepali co

unterpart, Bidhya Devi Bhandari, who is on a nine-day state visit to China.

China greatly values its ties with Nepal, and supports Nepal in mai

ntaining its national independence, state sovereignty and terr

itorial integrity as well as exploring a path of development that suits its national conditions, Xi said.

Also, China appreciates Nepal’s firm and long-standing support over issues related to C

hina’s core interests and major concerns and its active participation in jointly building th

e Belt and Road, Xi said. He added that China will continue to support Nepal’s economic and social development.

xshp118.cn

ina moor at a port in Zhanjiang during the ASEAN-China Ma

China’s first aircraft carrier, the Liaoning, and latest nuclear submarines, destroyers and fighter jets will join the parade, Qiu said.

“Some vessels will make their debut for the first time,” Qiu added.

Altogether 32 Chinese vessels and 39 warplanes will take part in the event, according to Qiu.

The vessels will sail in six groups, namely, those of submar

ines, destroyers, frigates, landing ships, auxiliary ships, and aircraft carrier.

The planes will fly in 10 echelons, showcasing aircraft for early warning, reconnaissance, anti-submarine patrol, as wel

l as bombers, fighters, carrier-based fighters, and carrier-based helicopters, Qiu said.

More than 60 countries will send delegations to join multinational naval even

ts marking the anniversary, and over 30 countries of them will send major navy leaders to participate, according to Qiu.

Nearly 20 foreign vessels of various capabilities, including destro

yers, frigates and landing ships, will join Chinese vessels in the naval parade, show

ing to the world the “firm determination to safeguard peace and seek development with joint efforts,” Qiu said.

Organizing multinational naval parades is a unique ceremonial activity of navies, according to Qiu.

olyfwg.cn

Gao cited data to rebut that view and urged AmCham Chi

ina to evaluate China’s market access and business environment for foreign investors in a “comprehensive, objective and fair” way.

The ministry’s data showed that US investment in China jumped 71.3 percent year-on-ye

ar in the first three months of this year. In 2018, US investment increased 7.7 percent year-on-year.

Gao said expansion of the investment figures fully demonstrates that US compan

ies continue to be optimistic about the market and accelerate the pace of investing in China.

Gao cited another survey published in February by AmCham China that showed that most US

companies with operations in China said they have continued to see their revenues grow there.

Gao said the ministry will maintain close contact with foreign enterprise

s and business associations, and continuously improve China’s business environment.

hdflower.net.cn

Bernard Dewit, chairman of the Belgian-Chinese Cham

ber of Commerce, said that industrial and trade relations between the EU and China will i

ncrease following the meeting, and that China has made great efforts to open its market to European companies.

“China’s new Foreign Investment Law, which has just been (approved), will greatly reassure European investors of the com

mitment of the Chinese government to further protect foreign investments in China,” he said.

Wang Yiwei, a professor of international relations at Renmin University of China, said in an article

published in the People’s Daily Overseas Edition on Wednesday that the Chinese and EU lead

ers’ strategic communication on important issues will help foster new areas for bilateral cooperation.

The concerted efforts made by the two sides to cope with the common challenges

and develop win-win cooperation will add stability to an increasingly uncertain world, he added.

Hu Yongqi contributed to this story.

trwater.com.cn

ation and safety officials Daniel Elwell, Robert

US senators sharply questioned regulatory officials on Wedne

sday about the Federal Aviation Administration’s reliance on Boeing Co’s engineers to cert

ify the safety of the company’s new 737 Max 8 aircraft, which was involved in two fatal crashes in the past five months.

A self-certification procedure called Organization Designation Authorization came under scr

utiny at a hearing of the Senate Commerce Committee’s aviation subcommittee in Washington. Testifying wer

e Daniel Elwell, acting FAA administrator; Robert Sumwalt, chairman of the National Transportation Saf

ety Board; and Calvin Scovel III, Transportation Department inspector general.

For decades, the FAA has delegated some authority for certifying new aircraft to the manufacturers, reducing government costs.

After the crashes of Lion Air in Indonesia in October and Ethiop

ian Airlines this month, which killed a total of 346 passengers and crew members, critics have ci

ted the self-certification process as evidence of an overly cozy relationship between the FAA and the industry.

www.ozsnl.cn

The Italian side looks forward to enhancing cooperati

tion with China on jointly building the Belt and Road, She said.

Noting that the history of Italy-China exchanges for the past 50 years has been a history of dia

logue and friendship, the speaker said the Italian Senate is willing to facilitate exchanges between the two cou

ntries’ legislative institutions, and continue to make contributions to deepening Italy-China friendly cooperation.

Xi arrived in Rome Thursday for a state visit to Italy, the first stop of his three-nation Europe tour, which will also take him to Monaco and France.

hinese authorities have unveiled detailed measures to implement valu

e-added tax reform, a key step to boost market vitality and stabilize economic growth.

Starting April 1 this year, the 16 percent VAT rate that applies to manufa

cturing and other sectors will be lowered to 13 percent, while the rate for construction, tran

sport and other sectors will be reduced from 10 percent to 9 percent, said a joint statement released on Th

ursday by the Ministry of Finance, State Taxation Administration and the General Administration of Customs.

www.sh419es.com

India’s richest man put his brother out of business. Now he’s

  India’s richest man just helped his cash-strapped younger brother avoid months in prison by paying off debts worth tens of millions of dollars.

  The gesture by Mukesh Ambani to bail out his brother, Anil, is the latest twist in a sibling saga that has gripped India’s t

elecommunications industry. A price war started by Mukesh in 2016 nearly put Anil out of business a year later.

  Last month, India’s top court ordered Anil Ambani and his company, Reliance Communications, to pay a 5.5 billion rupe

es ($80 million) debt to Swedish mobile firm Ericsson (ERIC) by Wednesday or face three months in jail.

  READ MORE ON INDIA

  Spotify just added a million new users in India

  WhatsApp is getting ready for the world’s biggest election

  This Indian hotel startup plans to be bigger than Marriott

  The future of the internet is Indian

  By Monday, the deadline was looming and the debt remained unpaid. Then Mukesh Ambani, who’s estimated to be worth more than $50 billion, stepped in.

  Reliance Communications said in a statement late Monday that it had made the paym

ent to Ericsson in full, with Anil Ambani thanking his brother and sister-in-law for their help.

chinaherb.cc

Indian tech billionaire gives $7.5 billion to charitywealth to

  India’s second-richest man is giving billions to charity in what may be the country’s biggest single donation ever.

  Azim Premji, the billionaire chairman of Wipro (WIT), is handing shares in the

tech company worth nearly 530 billion rupees ($7.5 billion) to his philanthropic foundation.

  The tech tycoon has now donated a total of $21 billion to the Azim Premji Foundat

ion over several years, including 67% of Wipro’s shares, the foundation said in a statement.

  Premji, 73, has a fortune of more than $18 billion, according to the Bloomberg Billionaires Index.

  He was the first Indian to sign the Giving Pledge, a campaign started by Warren Bu

ffett with Bill and Melinda Gates to encourage billionaires around the world to commit most of their wealth to charity.

www.xxxcj.cn

He made furniture like a bed, a door, a window and a

bamboo lamp by hand. He even learned how to sew and make curtains out of cloth. Fina

lly, he painted the interior wall white and another cartoon character — Monkey D. Luffy from One Piece — outside.

On March 10, the cement pipe room was done. The pipe is 2.6 meters in dia

meter and has a living area of 5 square meters, enough to accommodate a couple and their child.

The videos recording his progress have attracted lots of followers, and one clip even drew more than 10 million views. A num

ber of netizens have given him a thumbs-up after watching his step-by-step home building series. One commented: “I have watched all the vid

eos from Day-1 to Day-45. You are truly an ingenious man and good with your hands.”

Long said there will be a cluster of 20 special home inns in his future plans, each w

ith a different theme — and a camouflage military-themed one has already begun preparations.

www.osmsxl.cn