Monthly ArchiveMarch 2019

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.

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Over the years, FAA has increasingly shifted toward wor

king with industry to meet shared safety goals,” he said. “FAA now delegates more of its aircr

aft certification to approved manufacturers through its congressionally authorized Organization Desig

nation Authorization program or ODA. However, my office has identified weaknesses with FAA oversight of ODA.”

Senators questioned the safety of Boeing’s anti-stall system, called the Maneuvering Characteristics Augmentation System.

The system was installed because Max jets have bigger engines mounted closer to the nose of the plane than older Boeing 737s, changing the plane’s aerodynamics.

If the nose rises, threatening a stall, the MACS system automatically points the nose of the plane down to gain speed. The sys

tem can be shut off by flipping a switch on the throttle console between the pilot and co-pilot.

The “angle of attack” sensor built into the Max aircraft measures the amount of lift generat

ed by the wings. The device warns pilots when there is too little lift, potentially stalling the plane

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On Sunday, the US sent the Navy’s guided-missile destroy

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.

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According to the Ministry of Finance, local government

nts in Sichuan, Shaanxi and Shandong provinces as well as Beijing will eventually be able to sell bonds at count

ers in commercial banks directly to retail investors, and the practice will be expanded nationwide after an additional period of time.

The ministry said individuals do not need to pay taxes on the bonds’ interest income, and this policy is likely to attract more investors.

Selling local government bonds to retail investors should facilitate liquidity

in the secondary market, improve the market-oriented bond pricing mechanism and pu

sh issuers to enhance the quality of information disclosure, said Amanda Du, a Moody’s vice-president and senior analyst.

“Higher coupon rates compared with treasury bonds, and the tax exemption on the interest income, make

local government bonds more attractive for retail investors,” she said. “The fast takeup by retail investors also indicates that the

bonds have won high recognition among individual buyers, supported by the local governments’ high credit ratings.”

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But some were unmoved and the Northern Irish party cruc

rucial to getting the agreement through said it would reject the deal again.

Britain was supposed to leave the bloc on Friday but Brussels agreed last week to put back the

divorce date until April 12 to give it a chance to resolve a three-year crisis that has split the country down the middle.

However, it still remains uncertain how, when or even whether the United Kingdom, the wo

rld’s fifth-biggest economy, will leave the EU. The possibilities that it will leave with no deal to so

ften the shock to its economy, or delay the departure date to hold a general election, have increased as other options fade.

While May’s deal continued to stumble, an attempt by parliament to take control of the proc

ess by holding a series of indicative votes on other options produced no immediate way through the impasse.

None of the proposals, many of which involved closer alignmen

t with the EU than May envisages, won the support of a majority of lawmakers.

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Following his visits to Spain and Portugal in late 2018, Xi

came to Europe again in his first overseas trip this year, manifesting the great importance China attaches to Europe, Wang said.

In a world of unprecedented transformations, Xi noted that a stable, strategic and reciprocal China-EU relationship is urgently needed.

Wang said during his visit, Xi had in-depth communication with the European leaders to discuss cooperation in internation

al issues and reached important consensus of adhering to multilateralism, and discarding isolationism and unilateral moves.

He also said Xi and the European leaders agreed to enhance coordination and cooperation wit

hin the UN system, give full play to the constructive role of global and regional multilateral mechanisms s

uch as the World Trade Organization, the International Monetary Fund, the World Bank, and Group of 20 and the EU, and

actively contribute to solving international conflicts, combating climate change and promoting sustainable development.

In his keynote speech at the global governance forum, Xi raised “four deficits” in global affairs including governance deficit, tru

st deficit, peace deficit and development deficit. To address these deficits, he proposed a four-pronged approach of fairness and reas

onableness, consultation and understanding, joint efforts and mutual assistance and mutual benefit and win-win results.

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Ceremony held to mourn E China blast victims victims in Yanch

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.

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percent of minors have internet accessChina had 169 million min

netizens in 2018 and the internet penetration rate was 93.7 percent, according to a report published on Tuesday.

The report was jointly published by the youth rights and interests protection departme

nt of the Communist Youth League of China Central Committee and the China Internet Network Information Center.

Minor netizens covered by the report are students at different levels under 18 years, but not including children under 6 years and non-student youths.

According to the report, 92 percent of minor netizens use mobile phones for internet ac

cess, and the percentages of minors using other devices for internet access are all less than 50 percent.

The report shows that 77.6 percent of minor netizens have their own internet access devices, and 69.7 percent have mobi

le phones. Data shows 52.2 percent connected to the internet less than one hour a day, and 24.2 percent between 1 and 2 hours.

Up to 87.4 percent use the internet for study, 68.1 percent listen to mus

ic and 64.2 percent play games for major leisure and recreational activities on the intern

et. Chatting online is the major communication activity for 58.9 percent, and 40.5 percent use short video apps, according to the report.

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In agreeing to the postponement, European leaders

 hoped Britain’s deadlocked politicians would find a solution to the crisis. But the EU isn’t counting on it. The European Comm

ission said Monday it had completed planning for a no-deal Brexit, calling that outcome “increasingly likely.”

The EU said its members would be able to cope with a no-deal departure, although more remained to be done on ensuring an open border betwee

n EU member Ireland and the UK’s Northern Ireland — something both sides have agreed to. Checkpoints there were a soaurce of tensi

on and a target during the decades of sectarian violence before Northern Ireland’s 1998 peace accord.

An EU official said the bloc was in “in intense discussions with the Irish authorities about these matters.”

May stands little chance of getting the deal she struck with the EU approved unless she can win over Brexit-backing lawmakers in her Conservative Party and its Nor

thern Irish ally, the Democratic Unionist Party. The DUP said Monday that the party’s “position remains unchanged.”

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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.

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