s at the Chinese Academy of Social Sciences, said bilateral cooperation plays a prominent role

in guaranteeing world peace and security at a time when the global situation is clouded by tensions and turmoil.

The two countries share the same position in promoting a more stable and multipolar world, Wu said, adding that they ha

ve sent such signals through supporting and coordinating with each other on international occasions.

China would rather rely on market-oriented forces to determine the renminbi’s value than defend its currency by di

pping into its $3 trillion foreign exchange reserves amid trade disagreements, analysts said.

The United States Treasury announced on Wednesday that it could not label Chin

a as a “currency manipulator” after Washington monitored the recent performance of the RMB.

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ures market will help foreign investors optimize their renminbi-denominated asset portfolios as they can inc

orporate investment targets of a wider variety, said Wang Tingting, an associate pro

fessor of finance with the Central University of Finance and Economics in Beijing.

“Moreover, as foreign investors’ trading helps boost liquidity in the domestic market and makes the price changes mor

e consistent with international trends, domestic market participants can also better hedge against risks,” he said.

Experts also expect China to open up the stock index futures market to foreign invest

ors, as they have large exposure in the A-share market and are therefore in need of this risk management tool.

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velopment of the region could play a vital part in leading regional growth, the statement said.

It noted that the elevation of the integrated development of the Yangtze River Delta t

o the status of a national strategy is a major decision adopted by the CPC Central Committee.

Authorities in the four provincial areas must enhance their awareness

of integrated development and boost their interaction and cooperation, it added.

The meeting also decided to start a thematic education campaign of Party member

s on the subject of remaining true to the Party’s original aspirations and keeping their mission firmly in mind.

It called for struggles against all problems that affect the Party’s purity and ad

vanced nature, and for efforts to make the Party even stronger, the statement said.

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nitoring and evaluation of Arctic climate and environmental changes, develop platforms for po

lar scientific research, and promote the sharing of Arctic observation data and international work pr

ojects, Wang said during the Arctic Circle China Forum in Shanghai on Friday.

“We look forward to working with other countries to smooth the economic channel that conn

ects the European and American continents through the Arctic Ocean and jointly create a ‘Polar Silk Roa

d’ to facilitate connectivity and sustainable economic and social development of the Arctic,” he said.

Wang said that Arctic affairs, especially those regarding climate c

hange, environmental protection, scientific research and the use of waterways, are closel

y related to the well-being of people living in the polar region and the survival and development of all humankind.

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China will speed up building an integrated platform for e-government servi

ces to offer easier access to the online services, according to the Ministry of Justice.

The building of the integrated platform aims to standardize go

vernment services nationwide, according to an official with the ministry.

The country will facilitate information sharing among regions and departments at various levels, the official said.

A system will be set up to enable enterprises and individuals to evaluate the government services they received, accord

ing to the official, who added that efforts will be made to ensure the smooth operation of the integrated platform.

In April, China’s State Council made public a decree on online government services to prompt the integrated platform building.

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diversified needs of sports fans, which is conducive to soci

al and economic development. Notably, the General Admi

nistration of Sport has issued a document emphasizing the importance of planning in the development of the winter

sports industry. For instance, some departments have made efforts to optimize their resources by building m

ore winter sports venues so they can encourage more people to take up winter sports.

The Beijing municipal government and Hebei provincial gov

ernment have worked out policies to encourage more scho

ol students to play winter sports, and take part in winter sports events on campuses.

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of years and has achieved success even in Europe, but it is not finished yet and it should be a win-wi

n situation for China and Europe. China is a very big market and an important global player.

China is Germany’s biggest trading partner, so I think there will be a good future for the two countries.

The Belt and Road Initiative has been a very successful integration proj

ect which is bringing China closer to the world. President Xi Jinping’s speech today is outli

ning that more and more countries can participate, share prosperity, as well as win-win results.

I think that the future will be bright and that especially t

he West needs to better understand what this Belt and Road Initia

tive means and why this shared prosperity can be created and benefit people across the world.aime Irachande Gouv

eia, coordinator of Belt and Road Initiative Research Center at University Eduardo Mondlane, Mozambiqu

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oad Economic Belt and the 21st Century Maritime Silk Road and deliver policies, infrastructu

re, trade, financial and people-to-people connectivity via a new platform for a brighter future.

Tesla Inc lost $700 million in the first quarter but predicted it wou

ld return to profit in the third quarter as it cuts costs an

d improves delivery after facing issues ramping up shipments outside the United States.

Shares of Tesla were about flat after the results, which came more than an hour afte

r they were expected and after a sales contraction in the quarter raised investor concerns.

The company, which many analysts predict will need to raise

funds for its expansion, said it ended its first quarter wi

th $2.2 billion in cash after paying off a $920 million convertible bond obligation in March.

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ion but still asks for compensation by resorting to litigation, I think such behavior may be an alleged fraud,” he said.

The core of the problem lies in whether stock-image providers get authorization from copyright owners, he added.

Zhao Zhanling, a legal researcher who specializes in intellectual p

roperty cases at the China University of Political Science and Law, agreed, but said copyri

ght owners and institutes given copyright authorization should respect this right and not abuse it for gain.

He said stock-image companies need to make authorization a priority in their opera

tions and pay more effort to finding a balance between commercial interest and public interest.

The litigation right that is to safeguard copyrights must not be abused, he added.

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He told China Daily his company’s priority is to attract more peo

ple, especially non-locals, to visit and boost sales, as local consumption has limited potent

ial. The company is eyeing more business opportunities based on word-of-mouth among visitors, Long said.

This “one-stop industrial tourism”, as Long calls it, has contrib

uted more than 60 percent in total sales since his company started to feel out the market in 2005.

Long witnessed the company transform from a State-owned enterprise to a market-orient

ed limited company at the turn of century. By streamlining internal bodies and lifting the proportion of em

ployees involved in production while promoting its products via culture and tourism, costs can be cut, according to Long.

Now, he added, the annual production value of the company has reached 10 million yuan ($1.5 million).

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