It will continue to make operational adjustments to focus

efforts on cross-border sales in China and to keep improving the experience for bo

th Chinese customers and global selling partners.

Amazon entered China in 2004, when it bought a local online boo

kseller for $75 million. Since then, it has invested in wareh

ouses, data centers and programs to teach Chinese sellers how to get their goods to Amazon customers.

In October 2016, Amazon launched in China its Amazon Prime, the first unlimited free cross-border shipping memb

ership program that operates globally, in an attempt to lure the rising number of quality-conscious Chinese buye

rs to buy foreign products.isual China Group, which owns Chinese photo platform vcg.com, was fined 300,000 yua

n ($44,758) for flawed supervision of user content, according to a company statement late Thursday.

www.fangzhenjiang.cn

The bond pricing mechanism will be further improv

Under a pilot scheme, the first group of six provinces and cities sold 6.8 billion yuan in bonds

at commercial bank counters to individual buyers between March 22 and early April.

The coupon rates are between 3.01 percent and 3.33 percent, higher than treasury b

onds issued by the central government as well as bank deposits with the same maturity.

Gross local bond issuances hit 1.18 trillion yuan in the first qua

rter, compared with only 219.5 billion yuan in the same period last year.

The total quota for 2019 local government bond issuances is 3.08 trillion yuan, according to the Ministry of Finance.

“About 60 percent of the bonds were issued for ongoing construction, especially

for shantytown renovation projects, railways and roads,” said Hao Lei, head of the ministry’s Budget Department.

While debt financing continues to grow, the government is experiencing sharp declin

es in fiscal revenue growth, especially from tax and land sales, official data showed.

xxxct.cn

lace people can visit and communicate with like

ded souls face to face.The Beijing native, who quit his job in the hospitality industry and opene

d the shop 17 years ago, says seeing people in the shop, no matter they are looking for something in particula

r or simply browsing, is a delight. Over 16 years Free Sound has sold about 300,000 records, he says.

“It started out as a dream for me and I feel so fortunate to have lived out that dream.”

Wang, in his mid-40s, was introduced to music by his parents, who played vinyl records at home. One of his

favorite singer-songwriters is the Chinese rock musician Cui Jian, and like many music lovers of his generat

ion, Wang enjoyed going to record shops. Sound quality and nostalgia are what draws him to vinyls, he says.

For many people it has long appeared that traditional physical records such as vinyl and cassettes were

on the edge of extinction in the face of online streaming brought by the internet revolution.

Between 2002 and 2005 in particular, the fall in sales of CDs and other ty

pes of musical recordings in China was precipitous, mostly as the result of piracy and online

streaming, and the customer base for record shops evaporated as people stopped buying physical records.

wolaiduobao.cn

The US’ move poses a challenge to the WTO and its basic

principles including that of the most favored nation and national treatment. If the US gets its way and introdu

ces the “American First” policy to the WTO as part of the reform, the WTO system would suffer a deadly blow.

It is imperative therefore that the WTO reform strengthens its dispute settlement mechanism, which is at the heart o

f the multilateral trade system, to overcome its existen

tial crisis. Besides, the principle of starting the reform from the least complicated areas should be adopted to carry o

ut deep and far-reaching WTO reforms so that it can accommodate the new trends in international trade.

As the largest developing and developed economies, China and the US generally represent the collective interests of the develo

ping and developed worlds. If the two countries make a breakthrough in the ongoin

g talks to resolve their trade disputes, they could join hands to drive the WTO reform forward.

And, as James Carafano, director of foreign policy studies at the Washin

clevru.cn

While fast urbanization in China has brought larg

 population inflows from rural areas to cities, only those registered with permanent residence permits are fully entitled to social welfare in their resident cities.

Basic public services should be guaranteed for unregistered

permanent residents in cities, with an increased supply of education resources in cities where th

ere are a sizable number of children of migrant workers, according to the NDRC document.

The coverage of government-supported rental hom

es and housing provident funds should be expanded to benefit more unregistered permanent residents, the document said.

China aims to add 100 million registered permanent urban residents from 2016 to 2020.

By the end of 2018, the share of such residents in the country’s total population stood at 43.37 percent, up 1.02 p

ercentage points from a year earlier, according to data from the National Bureau of Statistics.

www.xxxct.cn

In Nanjing, the local railway authority has put more tra

ains into service. It said residents in the city would likely make about 340,000 trips by train on Friday.

Other branches of the railway system have also launched more runs to handle the increase of holiday passengers.

Tomb Sweeping Day, also known as Qingming Festival, fell on Friday this year. It i

s a traditional Chinese day on which people pay tribute to deceased family members,

friends and national heroes. Chinese people have used the day for spring outings since ancient times.

In recent years, the number of Chinese travelers, to both domestic and foreign destinations, d

uring the Tomb Sweeping Day holiday has increased annually, and most of them travel by rail for some or all of the j

ourney. For destinations within China, railways offer lower prices and more choices than airlines.

At present, China operates more than 131,000 kilometers of tracks. That fig

ure includes more than 29,000 km of high-speed rail, two-thirds of the global total.

Last year, China invested more than 338 billion yuan ($50 billion) in the construct

ion of 26 new railways and opened new lines totaling 4,683 km, most of them high-speed.

bbdq.com.cn

Wudang Mountain attracts foreign martial arts ap

About 20 Chinese martial arts schools in the Wudang Mountain region have tra

ined about 30,000 kung fu enthusiasts from around the world.

Yuan Xiugang, a member of the Wudang Martial Arts Association, has taugh

t over 60 foreign students since 1995. One of his apprentices, Jack, a 29-year-old from Ill

inois in the US, first arrived in Wudang 10 years ago. Now Jack has become a kung fu coach.

“My goal is to open a school in the US, letting more Americans appreciate authentic Chinese martial arts,” he said.

Thomas, another of Yuan’s students, is from France and explores tea culture. He leases about

two acres of a tea garden at Wudang Mountain. After mastering the technique of processing tea leaves, Th

omas decided to sell his products to European countries, like France and Austria.

qe78w.cn

Crews clean up foul water at blast sitel teams are nitoring

Environment officers were busy preventing the spread of polluted water insi

de an industrial park in Jiangsu province that was hit by a deadly blast last week.

Priority had been given to the treatment of wastewater in the exploded chemical plant and the huge

pit the explosion generated, according to a release from the Ministry of Ecology and Environment on Friday.

The deadly blast occurred at about 2:48 pm on March 21 following a fire in a plant owned b

y Jiangsu Tianjiayi Chemical Co. The accident has left at least 78 dead and more than 600 injured.

Alkali had been thrown into the waste water to neutralize its acidit

y so that the polluted water could flow to a nearby treatment plant via a pipeline. Otherwise, the wa

stewater would erode the pipeline, according to a working team the ministry dispatched to the site.

qsnsjb.org

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.”

www.qiuLuhuang.cn

If they don’t talk to us, we’re going to do something that’

  going to be very severe economically,” Trump said. “We’re going to tariff a lot of their products coming in.”

  Most leaders go out of their way to avoid antagonizing their counterparts and wading into their delicate domestic politics.

  Not Trump.

  The exchange also revealed another one of Trump’s political tools: his fervent effort to inject an

appeal to his base — in this case on a signature issue, trade — into almost every political situa

tion.Trump also launched a mini-campaign rally, seizing on the Senate vote undoing his emergency declaration, to s

pell out his hardline policies on immigration and the wall — always with an eye on his most loyal voters.

  In an interview published by Breitbart News this week, Trump revealed another aspect of his character — a sense

that he is being persecuted unfairly — that helps him identify with voters who feel neglected by political elites.

  Complaining about Democratic investigations, the

President made a jarring comment that hinted at the possibility of political violence.

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