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Cooperation at the ministry’s Office for International Military Cooperation, said that comp
ared with other branches of the military, the PLA Navy plays a relatively larger role in protecting China’s overseas inter
ests and maintaining security in key sea lanes such as the Gulf of Aden and waters off Somalia.
“The PLA Navy is at the forefront of proving that the Chinese milita
ry is an open, cooperative and competent force for peace,” he said, adding that the PLA Navy has f
requently participated in humanitarian rescue missions, naval escorts, joint exercises and exchanges in past years.
“Through these non-war military operations, the Chinese Navy has also improved its capability and operability in dis
tant waters,” Zhou said. “Many security issues around the world require global efforts, and as its capability impr
oves, the PLA Navy can play a bigger part and contribute more to global maritime security.”
Curtis Wilbur and Coast Guard’s cutter Bertholf through the Taiwan Straits. On March 13, t
wo US B-52H bombers flew near Chinese islands in the South China Sea for the second time this month.
Wu said China resolutely opposes the “provocative actions” by the
US warplanes, and will continue to take necessary actions to safeguard national sec
urity. “The facts have shown that the US is the one militarizing the South China Sea,” he said.
Regarding the US military’s recent interactions with its Taiwan counterpart, Wu said China resolutely opposes any milit
ary interaction between the two sides, whether it involves arms sales to Taiwan or official military exchanges.
“The Taiwan question is a domestic matter for China, and it is related to China’s core interests and the feelings of the Chi
nese people. It cannot be interfered with by outside forces,” Wu said, adding that the one-China policy is a reco
gnized consensus in international relations, and the political basis for Sino-US relations.
“Any attempt to undermine this principle is no different than trying to shake the foundatio
n of Sino-US ties. This does not fit with the basic interests of either nation, and it is very dangerous,” he said.
Chinese local government bonds worth 1.4 billion yuan ($208.5 million) were snapped up by retail investors within a single day, after counter sales in banks we
re made available for the first time. The fundraising will help supplement a broader fiscal deficit this year, analysts said.
On Monday, individuals in China were able to purchase bonds issued by t
he Zhejiang provincial government (five-year term, 3.32 percent coupon rate) and the N
ingbo city government (three-year term, 3.04 percent coupon rate). Proceeds from the sales will be used for land purchases (300 million yuan) and shantytown renovations (1.1 billion yuan), acc
ording to a notice on the website of China Central Depository and Clearing, a clearinghouse under the central bank.
The minimum investment amount for retail investors is 100 yuan, lower than most wealth management products issu
ed by commercial banks. Previously, individual investors could only purchase bonds issued by the central government, kno
wn as treasury bonds. And before Monday, local government bonds were traded mainly in the interbank market.
levated China’s ties with Italy, Monaco and France to a new level, and injected new impetus into China-Europe compreh
ensive strategic partnership, Chinese State Councilor and Foreign Minister Wang Yi has said.
When the world is undergoing profound changes unseen in a century, Xi’s Europe tour, hailed b
y the international community, is dedicated to deepening partnership for cooperation, improving global governance, and uphol
ding multilateralism, which shows China’s sense of responsibility as a major country, Wang said.
In six days, the Chinese president attended over 40 events during his visit to five cities including Rome, Palermo, Monaco, Nice a
nd Paris, Wang noted, adding that it is a trip of friendship, cooperation and exploration that has delivered fruitful results.
This year marks the 15th anniversary of the China-Italy comprehensive strategic
partnership, and next year will witness the 50th anniversary of China-Italy diplomatic relations.
At meetings with Italian President Sergio Mattarella and Prime Minister Giuseppe Conte, Xi agreed with them to further i
ntensify high-level exchanges, consolidate political mutual trust, and elevate bilateral relations, Wang said.
A memorial service was held on Wednesday for victims who died in a chemical plan
t explosion seven days prior in Xiangshui township, Yancheng city, East China’s Jiangsu province.
More than 200 officials, police officers, firefighters, bereaved families and volunteers attended the serv
ice at 7:30 am. The cars at the site honked their horns and attendees presented flowers to pay tribute to the victims.
To date, the deadly explosion of Jiangsu Tianjiayi Chemical Co in Yancheng’s Xiangshui county has claimed 78 lives.
According to Chinese tradition, the seventh day after a death marks the height of the mourning period.
subsidies continue gradual phase-out
China will whittle down subsidies on new energy vehicles as the industry develops and cost drops, aiming to boost high-quality development in the NEV sector.
The newest measure will lower subsidy standards for new energy passenger cars, buses and t
rucks, taking factors such as industry growth, cost reduction and subsidy phase-out policies into consideration, the
Ministry of Finance said in a joint statement Tuesday, adding the move was set to bring more competition in the industry.