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China mulls amendment to securities lawendment to the

A draft amendment to the Securities Law was submitted Saturday to a bimonthly session of the

National People’s Congress Standing Committee, China’s top legislature, for a third reading.

The latest revisions to the law include rules on the newly-devised science and technology inn

ovation board, which will pilot a registration-based initial public offering (IPO) system.

Under the current IPO system, new shares are subject to ap

proval from the China Securities Regulatory Commission before being listed.

Other revisions in the draft are made in light of new p

rogress of reforms and new developments of the capital market.

A draft amendment to the law was previously submitte

d to the top legislature for first reading in April 2015, mainly

to meet the legislative demand of reforming the IPO system toward a registration-based one.

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The economy has stayed on the track of steady gro

owth. We have the confidence, conditions and capability to mee

t the projected targets for economic and social deve

lopment this year,” Yuan told an NDRC news conference on Thursday in Beijing.

Data from the National Bureau of Statistics showed China’s economy grew at a faster-than-e

xpected 6.4 percent year-on-year in the first quarter, remaining at the to

p end of the government’s projected growth range of 6 to 6.5 percent for this year.

The growth was unchanged from that in the fourth quarter of 2018.

Zhang Chenghui, former director at the finan

cial research institute of Development Research Center of the State Cou

ncil, said despite the downward growth pressure, China will see many positive factors in the economy this year.

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Instead of solely emphasizing high yields, the Green Su

 Super Rice project is geared to guarantee stable yields while beefing up crops’ resistance against drought, flooding and diseases,” Li said.

“Thus, farmers are able to save a large amount of resources, such as fertilizers or irrigation water, to fight those issues,” he added.

The sustainability of the approach is welcomed by Philippine agricultural researchers and farmers, according to Jose

Yorobe, a consultant with the International Rice Research Institute in the Philippines. He attended a meeting in Beij

ing on Tuesday, along with dozens of representatives from participant countries, that marked the project’s conclusion.

“Because of climate change and population growth, developing countries are now pressured to increase rice prod

uctivity,” he said. “Some high-yield modern varieties are still vulnerable to inclement weather, pests and disease.”

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According to the official plan, Xiongan will be develope

ed into a high-level modern socialist city and a front-runner of high-quality developm

ent by 2035, and become an important nexus in the world-class city cluster by the middle of this century.

In January, Xi visited the exhibition center for the planning of Xiongan and stressed ag

ain that the creation of the new area is “a strategy that will have lasting

importance for the millennium to come”.

“We welcome all companies, whether they are State-owned enterprises or

private comp

anies, local firms or companies from Beijing, Chinese enterprises or overseas-funded com

panies, as long as they conform to the industrial development plan of the new

area,” Xi said during the inspection to

ur.Prime Minister Theresa May’s Brexit deal may not be dead after all — even

though lawmakers voted to reject it for

a third time Friday — the day Britain had long been scheduled to leave the European Union.

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Chinese telescope collects largest data set on stars

China has released 11.25 million spectra – keys for understanding the properties of celestia

l bodies – acquired by the Large Sky Area Multi-Object Fiber Spectroscopic Telescope to astronomers worldwide.

As the world’s largest spectral survey telescope, LAMOST marks the world’

s first spectral survey project to obtain more than 10 million spectra, which will give

insights into chemical compositions, densities, atmospheres and magnetism of celestial bodies.

Among the data, there are 9.37 million high-quality spectra, twice the total number of other astronomic surveys intern

ationally. There are also 6.36 million stellar spectra, creating the largest stellar parameter catalog in the wor

ld, according to the National Astronomical Observatories of China of the Chinese Academy of Sciences on Friday.

Finished in 2008, LAMOST began regular surveys in 2012. The telescope is located in Natio

nal Astronomical Observatories of China’s Xinglong Observatory, in north China’s Hebei province.

ex079.cn

The Congress members have also demanded that the US adm

inistration put into practice the Taiwan Travel Act and the Asia Reassurance Initiative Act, both passed last year, to fulfill its promise to the Tsai authorities. In their

letter to US President Donald Trump, some Congress members have said the Taiwan Relations Act will help mai

ntain peace, security and stability in the Indo-Pacific region and suppress Beijing’s so-called aggression.

Moreover, to seek the US’ protection and contain Beijing, the Tsai authorities have been hyping up

the island’s strategic value for Washington. But the fact is, the empty promises given by the Congress me

mbers cannot guarantee any safety to the Tsai authorities and, instead, could put them in danger.

Ahead of the 2020 elections on the island, some US Congress members are incitin

g the Tsai authorities to provoke disputes with the mainland by supporting those seeking “Taiwan ind

ependence”. But since any attempt to split Taiwan from the motherland would lead to a conflict, it will be in the interest of neith

er side of the Straits nor the US. Worse, such a conflict would destroy peace and stability in the entire Asia-Pacific region.

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There were 215 million single people in China at the

end of 2017, accounting for about 16 percent of the population, ac

cording to the National Bureau of Statistics. Marriage registrations have fallen every year

since 2014, while the divorce rate has risen for 16 consecutive years, according to the Ministry of Civil Affairs.

Dining, traveling and pursuing activities individually have also become increasingly popular with singles in China.

Tang Chuan, a researcher with Sinolink Securities, said that without family burdens, singles

seem to be less inclined to save money, and their willingness to spend offers great potential for boosting the economy.

Sinolink Securities conducted research on singles born from 1985 to 1995 and found that about 40 percent of those in first- an

d second-tier cities live from paycheck to paycheck, while in lower-tier cities, the proportion is as high as 76 percent.

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As part of the plan to build a “Beautiful China”, the count

y has vowed to increase its forest coverage to 26 percent by 2035.

To fulfill the target, Zhang said China should maintain the pace of afforestation – about 6.7 mil

lion hectares of trees newly planted each year – while implementing strict protection of forestry resources.

However, he said that the low survival rate of trees remains a challenge for afforestat

ion, and the administration is determined to tackle this problem in the coming years.

“To maintain a high survival rate, most of the effort should go toward keeping plants in a healthy state rather than simp

ly planting trees,” he said. “Also, species should be planted with the right techniques in inhospitable places.”

cdyyfq.cn

Innovation will drive economy in the futurepowered robot welco

  Delivering the Government Work Report to the national legislature on Tuesday, Premier Li Keqiang said the country would do mo

re to boost innovation while laying the emphasis on ethical scientific research. Over the past few years, the fast development of Ch

ina’s science and technology sector has caught the eye of people both at home and abroad. How did China make brea

kthrough achievements in the science and technology sector? And what direction should the sector take in the futu

re? Two experts share their views on the issue with China Daily’s Liu Jianna. Excerpts follow:

  Several factors behind progress

  China has progressed by leaps and bounds in the science a

nd technology sector because of multiple factors. First, thanks to its rapid economic growth, Chin

a has invested huge funds in the science and technology sector. And the results are there for all to see.

  Second, China has used its research and development funds more effectively by employing more researchers in the field o

f science and technology thanks to the rising number of Chinese researchers and their somewhat low average income.

www.xujiaqing.net.cn

Nigeria elections: Explosions heard hours before preside

  Multiple bomb blasts rocked the northern Nigerian city of Maiduguri just hours before presidential polls opened Saturday.

  The explosions happened at a camp for internally displaced refugees at around 5 a.m. local

time Saturday, Nigerian army spokesman Onyeama Nwachukwu told CNN. There were no reports of any deaths or injuries.

  ”There was an attack this morning at the camp by the militants, but the military h

as suppressed it at the moment,” Nwachukwu said, adding that the army was still assessing the situation.

  Journalist Simpa Samson told CNN the militants targeted the Teacher’s Village camp in Maiduguri, the capital of Nigeria’s

Borno state.”The military secured the place almost immediately and has stopped our cameraman from fil

ming, no one was hurt because the bombs landed outside the premises,” Samson told CNN.

  Security is often a concern in Maiduguri, a frequent target of terror group

Boko Haram. The city also has a large population of internally displaced refugees.

  The blasts came as Nigerians prepared to cast their ballots Saturday, a week after the country’s presidential and parliamentary elections were une

xpectedly postponed. It was the third consecutive vote to be delayed in Africa’s largest democracy.

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