Elwell defended the agency’s reliance on experts from ma

anufacturers and said the current system had produced an unprecedented safety record i

n the US. He said the FAA was “fully involved” in the certification of the Boeing 737 Max 8, including “133 of the 297 flight tests”.

Senator Richard Blumenthal questioned the FAA’s oversight of the Boeing 737 Max jet, argu

ing that reliance on the manufacturer put “the fox in charge of the henhouse”.

Blumenthal said Boeing rushed to get the 737 Max in the air to compete with Europe’s Airbus and disregarded critical safety features.

“There needs to be rigorous reform so the FAA is put back in charge of safety,” he said. “The

fact is that the FAA decided to do safety on the cheap, which is neither safe nor cheap,” he said.

Senator Jerry Moran asked what it would take for the FAA on its own to certify airc

raft. Elwell said: “Ten thousand additional FAA employees and $1.8 billion” per year.

ozsnl.cn

While May was addressing her lawmakers, MPs in the mai

n chamber debated eight other Brexit options, ranging from leaving abruptly with no deal to revoking the divorce altogether.

While there was no majority support for any, the option calling for a referendum on any depa

rture deal, and another suggesting a UK-wide customs union with the EU, won more votes than May’s deal did two weeks ago.

Oliver Letwin, a Conservative former cabinet minister who led parliament’s unusual power grab, said it ha

d been expected that none would immediately win a majority, and lawmakers would have another chance on Monday.

The uncertainty around Britain’s most significant political and economic change since W

orld War II has left allies and investors aghast. Sterling dipped after Wednesday’s events.

If May’s deal were to pass, her office said there would be a contest to replace her after May 22, when Britain would leave the EU.

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The Belt and Road Initiative is set to promote cooper

globally — not for China only, Asian Infrastructure Investment Bank President Jin Liqun said on Wednesday.

Jin made the remarks in response to questions over whether the BRI only involves C

hinese projects prior to the Boao Forum for Asia, which will officially begin on Thursday.

“It was a misunderstanding,” Jin said, adding any country or investor can do a BRI project

anywhere, so long as it promotes global and regional economic cooperation, peace and development.

“The so called ‘China strategy’ is simply to promote global cooperation,” he added.

Joint efforts essential to fight global warming: China Daily editorial

Record low temperatures in winter and record high temperatures in summer in many parts of the

world year after year and more frequent natural disasters caused by extreme weather events prov

ide strong evidence that global warming is not just an alarmist theory as some claim.

Yet striking a balance between the effective control of human activities that are contr

ibuting to climate change and economic growth is proving a hard nut for countries to crack.

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We support the BRI globally because it’s a big project wi

ith so many applications in different parts of industry and the economy, and we want agreements, project by project.”

Raffarin was appointed special envoy on China affairs by French President Emmanuel Mac

ron. He pointed out that it is not pragmatic to have an agreement about every industrial sector, because, as sovereig

n states, both countries need to protect the interests of their own businesses and industries.

“It’s easier to go project by project, and, after some experience, we can add a larger vision,” Raffarin said.

His comments came after Italy signed a BRI memorandum of understanding with China during

Xi’s visit to Rome last week to become the first G7 country to join the global infrastructure plan.

According to China’s Ministry of Commerce, from January to November 2018, China’s direct investment in France reached $330 mil

lion. China’s growing investment in Europe has prompted concerns in the West, which Raffarin thinks are misplaced.

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Livestreaming to vitalize cross-border e-commerce

Zhang Ying, 32, a white-collar worker in Beijing, is a jewelry lover. She prefers watching lives

treaming videos via some cross-border e-commerce platforms to buy foreign products in her spare time.

“Pictorial representations are not exactly the right way to purchase commodities online, I had som

e problems as the products did not match up to the expectations promised on the onlaine platform advertisements.”

Zhang said daigou (overseas shoppers who buy foreign products for customers on the Chinese mainland) can dem

onstrate details of products like jewelry in accordance with what the buyer wants through the livestreaming method.

“I can take a good look at the design, material, color, size and even every angle of the jewelry. It feels like that I can pick out the

products on my own. After comparing various necklaces and bracelets, I can decide which one fits me the best.”

www.qianpadcl.com

Zeng Bibo, founder and CEO of Ymatou, said overseas shopp

ping via livestreaming services could completely and truly demonstrate the detailed infor

mation of overseas products to domestic consumers, and have gained wide popularity with the younger generation.

Zeng added that the consumers’ demands have become more p

ersonalized and diversified. “They have higher requirements for high-quality and cost-effe

ctive products, which brings out huge opportunities for cross-border e-commerce industry.”

It is noteworthy that the post-90s generation favor niche

and designer brands, and also are addicted to livestreaming videos, Zeng said.

Founded in 2010, Ymatou is a consumer-to-consumer or C2C marketplace engaged in cross-border e-commerce.

By the end of the second quarter in 2018, the site had about 50 million users and hired more than 60,000 overseas buyers in 83

countries including the United States, the United Kingdom, Japan, South Korea and Australia.

www.shlf16.com

ple injured in chemical plant explosion receive medical treatm

Every morning, dozens of students from Myanmar walk hand in hand across the border into China’s Yunnan province.

There, they are led by patrol officers to Yinjing Frontier Primary School. After school, as they are escorted to the border insp

ection station, they wave, tell the officers goodbye and return to their homes in Myanmar.

The students attend the first frontier primary school in China. Loca

ted in Yinjing village in the small border city of Ruili in Yunnan province, the school has 36 My

anmar students and 99 Chinese students. Founded in 1960, it has been admitting students from Myanmar since 1990.

Wen Liang, 10, from Myanmar, has repeated this routine for three years. “I like go

ing to school in China. It makes me very happy because I have many friends there,” Wen said.

The youngest Myanmar student is 5, said Sun Jialiang, the school principal.

aishedesac.com

In the second half of 2018, total deal number and value

 in all sectors fell back to low levels, and PE/VC investors turned more cautious. Although TMT secto

rs saw a big drop in deal numbers and value compared with the first half amid the lackluster PE/VC inves

tment market, they remained the leaders among all sectors,” Gao Jianbin, PwC China TMT leader said.

The report also said similar to the first half of 2018, the num

ber of PE/VC deals involving startups was the biggest among all categories in the second half, while compan

ies in the expansionary period received the largest investment in terms of deal value. Investors adopted a strate

gy to avoid risks by mainly investing in mature projects that had survived market competition and were in stable development.

“As China officially launched an innovation initiative for the integrated circuit industry an

d a government IC industry fund raised 150 billion yuan ($22.4 billion) in second-phase financing, a number of IC inn

ovation enterprises have been established in the second half of 2018,” said Charline Ni, PwC China technology leader.

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After decades of rapid GDP growth, China’s economy has en

entered a new era of moderately slowing expansion and a transition to a high-quality grow

h model. That has pushed economists to reconsider some long-term issues, such as whether the economy wo

uld cool down sharply before a considerable rise in wealth, especially after a period of fast growth.

“The key method to ensure China’s role as a high-income cou

ntry is to adjust industrial structures and promote productivity,” said Zhu Min, an inf

luential Chinese economist and former deputy managing director at the International Monetary Fund.

High-tech manufacturing, the service industry and the digital economy will be the new engines

for the economy, while some traditional driving forces, such as injecting funds into the market, are losing momentum, Zhu said.

China’s total GDP exceeded 90 trillion yuan ($13.4 trillion) in 2018, and the per cap

ita GDP was about $9,700. Economists predict that if the country maintains growth of at least 6 percent th

is year, which is likely given the current momentum, its per capita GDP this year would surpass $10,000.

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China is willing to enhance high-level guidance with the

Italian side, respect each other’s major concerns, jointly build the Belt and Road, explore cooperation with third parties, boost

cultural exchanges and local-level cooperation, and strengthen popular support for bilateral relations, Xi said.

The Chinese president stressed that in recent years, China’s National People’s Con

gress and the Italian Senate have established a regular exchange mechanism.

China supports the two countries’ legislative bodies to carry out multi-level, wide-ranging and multi-c

hannel exchanges and cooperation, and share successful experience on major issues such as legislative supervision, state gov

erning, national economy and the people’s livelihood, on the basis of mutual respect and mutual learning, Xi said.

He said he hopes that the Italian Senate will continue to play an active facilitating role, and cr

eate better conditions for and inject greater momentum into the development of bilateral relations.

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