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The ministry also released several typical cases that we

n April 2018, Shanghai police arrested eight people from Shanlin (Shanghai) Financial In

formation Service Co, which was involved in illegal fundraising of more than 60 billion yuan.

The company, with a registered capital of 1.2 billion yuan, adopted a physical store and online ma

rketing to take public deposits. From October 2013, the company opened over 1,000 physical stores

across the nation and trained its employees to sell financial products through advertising and telemarketing wit

h the promise of high interest. In 2015, the company opened online financing platforms to raise money.

The company’s claimed investment projects were found to have no profit

ability, resulting in a huge capital gap that prevented it from repaying investors’ principal and interest. Last

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In Forbes’s ranking, 309 of the world’s top 2,000 largest publ

 public companies are from the Chinese mainland and Hong Kong.

The United States has 575 companies, the most among the 61 countries and regions involved in the ranking.

Japan is third-largest contributor, with 223 companies joining in the list.

This year marks the 17th release of the Global 2000 ranking since it was first published by Forbes in 2003, when the Unite

d States was home to 776 companies in the list while the Chinese mainland and Hong Kong only had 43.

Industry-wise, banks and diversified finance make

up most of the list, with 453 companies appearing on it, followed by tech ind

ustry and construction industry, with 184 and 123 companies on the list, respectively.

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China announces new tariffs on US goodsday that it wil

China said late on Monday that it will increase tariffs on the bulk of $60 billion of US imports to three categories of rates between 10% and 25%.

For the rest of the $60 billion US imports, the duty rate will remains at 5 percent.

The tariffs will hit around 5,000 products and will take effect on June 1.

It is China’s latest response to the additional US tariffs on $200 billion of Chinese goods, which were implemented on Friday morning.

The move fully demonstrates Beijing’s firm determination to defend its due interest

s and legitimate rights in international trade and economic cooperation, according to analysts.

Guanxi, compadrazgo and bapakism. Three words from China, the Philip

pines and Indonesia that encapsulate the same values of the vast continent through the a

ges-a shared belief in the importance of the family and the community over the individual.

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President hails Nepal’s participation in BRIing holds a w

China and Nepal should strengthen cooperation on infrastr

ucture construction and continue to promote the construction of the China-Nepal c

ross-border economic cooperation zone, President Xi Jinping said in Beijing on Monday.

Xi made the remark during his meeting with his Nepali counterpart, Bidhya Devi Bhandari, who is on a nine-day state visit to China.

China greatly values its ties with Nepal, and supports Nepal in maintaining its national independence, state sovereignty and te

rritorial integrity as well as exploring a path of development that suits its national conditions, Xi said.

Also, China appreciates Nepal’s firm and long-standing support over issues related to China’s core inte

rests and major concerns and its active participation in jointly building the Belt and Road, Xi s

aid. He added that China will continue to support Nepal’s economic and social development.

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ut a careful survey by James Laurenceson, of the Austr

alia-China Relations Institute at the University of Technology Sydney, of media stori

es on the subject showed that, with about 130,000 Chinese students in Australia, there were a mere four incid

ents. And in not a single case was freedom of expression compromised or classroom discussion stifled.

Anti-China media stories focus on large campaign donatio

ns to Australian political parties by Chinese businessman Huan

g Xiangmo. But of the 300 companies in the Australia-China Chamber of Commerce, none donates to po

litical parties, and this includes investors in mining, banking, food and aviation ind

ustries. In fact, there is no pattern of donations from China swamping political parties.

izhankai.cn

ent Xi Jinping speaks at the opening ceremony of the

hina will increase imports of goods and services on a larger scale. China will further lower its tariff rates.

China not to adopt beggar-thy-neighbor currency devaluation

China will continue to improve the exchange rate formation mechanism of its curren

cy, the renminbi, and keep the exchange rate generally stable on a reasonable and balanced level.

China establishes mechanism for fulfilling international agreements

China attaches great importance to the establishment of a constrain

t mechanism for the fulfillment and implementation of international agreements, and the modi

fication and improvement of laws and regulations in accordance with the need of further opening-up.

Fair treatment to Chinese enterprises, students, scholars abroad called for

All countries should create a sound investment environment, and treat Chinese e

nterprises, students and scholars abroad as equals. All countries should provide a fair and friendly envir

onment for them to carry out normal international exchanges and cooperation.

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Other revisions in the draft are made in light of new

progress of reforms and new developments of the capital market.

A draft amendment to the law was previously submitted 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.

The first draft also improved rules on developing a multi-layer capital market system, strengthen

ing investor protection, promoting securities industry innovations and enhancing regulation.

New revisions were submitted for a second reading in April 2017 to im

prove regulation on such areas as stock trading, acquisitions of listed firms, information disclo

sure and investor protection. The second draft also demanded the State Council to gradually advance the IPO sys

tem reform in accordance with authorization granted by the top legislature.

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China’s foreign direct investment up 6.5% in Q1

China’s foreign direct investment (FDI) totaled 242.28 billion yuan in the first quarter of t

his year, up 6.5 percent year-on-year, the Ministry of Commerce said Thursday.

FDI in China from non-financial sectors reached $35.8 billio

n in the first three months, up 3.7 percent year-on-year.

Investment from South Korea, the United States and Germany in China m

eanwhile increased 79.6 percent, 71.3 percent and 86.1 percent year-on-year, respectively.

Foreign capital flowing to the country’s high-tech manufacturing s

ector surged 14.8 percent year-on-year to 25.97 billion yuan during the same period.

March’s FDI amounted to 95.17 billion yuan, up eight percent year-on-year.

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Azerbaijan sent a delegation to the first China Intern

ational Import Expo in Shanghai last November. “This kind of expo is extrem

ely important, and provides a chance for Azerbaijan to reach out to the Chinese ma

rket and establish contact with Chinese companies,” Hajiyev said, adding last year’s event was extremely helpf

ul to Azerbaijan and helped traders to understand the requirements and demands of the Chinese market.

Almost 50 percent of China’s trade with the Caucasus region are from

Azerbaijan, and Azerbaijan has invested $1.7 billion in Chinese securities. Current trade volu

me between China and Azerbaijan is above $1.5 billion, and Hajiyev believes there is sti

ll more to do to promote bilateral trade, as the two countries have very good relations.

Companies from the two countries are engaged in projects for the

petrochemical industry, and the two countries can touch upon o

ther strategic areas such as energy and communication, the foreign affairs head added.

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French officials said the EU faced “blackmail” by hardli

ine pro-Brexit potential successors to May, such as Boris Johnson. They might try to sabotage decision-making, they said.

However, Merkel has urged the bloc to do all it can to avoid such disruption. She said before leavin

g Berlin that she favoured a delay of “several months” for May, who has pledged to quit if hardcore Brexi

t supporters in her own Conservative Party drop objections to her “soft Brexit” and help ratify the deal.

Keen to ease tension, Merkel had broken the ice as talks began by showing May a photomontage on a tablet of both wearing similar jacket

s when addressing their parliaments earlier in the day. It provoked mutual laughter as other leaders joined in.

As talks wore on beyond midnight, with May patiently waiting elsewhere in the buildin

g for word on her nation’s fate, Macron rallied support for his concerns about a long extension.

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