Also, these new first-tier cities have preferential po

policies for residence permits and financial incentives to lure more talent.

For example, Zhenjiang in Jiangsu province, promised bonuses of 150,000 and 200,000 yuan for house purchases to gradua

tes with master’s and doctoral degrees, respectively, after they work in the city for three years.

Haikou, capital of Hainan province, is attracting college students with a monthly rent s

ubsidy of 1,500 yuan, with an 18,000-yuan allowance to graduates who decide to buy an apartment there.

Employment, especially some groups such as college gradu

ates and demobilized military staff, remains a priority to the government.

Premier Li Keqiang said at a teleconference on May 13 that employme

nt pressure will be felt this year by a larger number of college graduates. However, promotin

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There are signs that the central government will not cha

ange its resolution to control house prices, Zhang said, adding that in the future the real estate market will continue to crack down on speculation.

On May 11, Suzhou tightened housing policies further, China Daily ea

rlier reported. The down payment ratio for a family’s first home purchase has been rais

ed from 20 percent to 30 percent.China may grant official 5G licenses, instead of the interim licenses prev

iously planned, to telecom carriers this year and is likely to start commercial use of the superfast wireless technology nat

ionwide in the near future, possibly as soon as October, according to people familiar with the matter.

Newly built property in certain parts of the city cannot

be traded for a three-year period after purchase, and for five years in the case of pre-owned property.

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In the past several months, China has announced and

started to implement a “negative list” program that allows foreign co

mpanies to have 100 percent ownership in investments in all areas of the economy, excep

t for a small number of areas, such as telecoms and defense, that are explicitly prohibited.

Also, foreign investment has been simplified by creating a one-stop regulatory shop and a single application process.

These new policies will lead to greater competition within China, forcing C

hina’s companies to become more efficient and to produce higher quality products.

The Chinese government has also recently announced tax cuts and financial regulations desi

gned to help private companies. This will hasten the ongoing transition to a market-driven economy.

Most Chinese State-owned enterprises are not relevant to trade negotiations. Many are in non-tradable sectors such as p

roperty development, infrastructure, or concrete. Others are basically public utilities in telecoms or power.

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Overholt said “the list of issues that President Xi has

addressed are the issues that the business community is concerned about”.

“It is excellent that President Xi recognized some problems,” especially those associated with its Belt and Road Initi

ative, such as transparency and corruption, said Craig Allen, president of the US-China Business Council.

Experts also were interested in how the reform policies and laws would be implemented, something Xi addressed in his speech.

“People are very positive about the direction, but they need to

know the details” of how the promises would be delivered, Overholt said.

Xi, citing the old Chinese saying “honoring a promise carries the weight of gold”, pledged to install a binding mec

hanism for international agreements, to make sure governments at all levels operate in well-regulated wa

ys, and to update laws and regulations to abolish unjustified practices, keeping in line with the needs of opening-up.

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Fixed-asset investment growth was 6.3 percent in the first

 quarter, compared with 6.1 percent in the first two months, the National Bureau of Statistics reported.

As favorable policies are implemented at all levels of government in the sec

ond quarter, manufacturers will start seeing concrete financial benefits and industrial out

put is expected to at least maintain a steady expansion from April to June, said Qin H

ailin, a senior industrial economy researcher at the China Center for Information Industry Development.

At the news conference, ministry officials also denied market rumors that China’s telecom carrie

rs are slowing down their investments in 5G, the fifth-generation mobile communication technology.

They said 5G is recognized as a fundamental digital infrastructu

re for societal and economic development, but it will take time to build a nationwide 5G netw

ork. China’s plan is to roll out the superfast technology step by step, the officials said.

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Xi’s remarks will guide younger generations in taking his

tory as a mirror, and combining their personal ideals with the dream of national rejuvenation, Hu Xianzhong, a senior re

searcher at the China Youth and Children Research Center, said in an article published by China Youth Daily on Sunday.

Since the movement began nearly a century ago, the country’s youth

has been collectively marching with the times and the people under the leadership of the C

PC-whether in periods of revolution, construction, or in the nation’s campaign of reform and openingup, Hu said.

As the centenary of the movement draws near, a good understanding of its history will make yout

hs know more about why their futures are closely connected with the rejuvenation of the Chinese nation so that

they will find their niches and play bigger roles in the country’s socialist cause, he added.

Chen Yuhao, a postgraduate student at the U

niversity of International Business and Economics, said the spirit of patriotism, progress, democracy and s

cience is still the core value of Chinese youth, and should be upheld and carried forward in the new era.

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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 Temburong Bridge, the largest infrastructure

unei’s history, will become the country’s longest sea-crossing bridge with a total length of about 30 km. It is scheduled to open to traffic by the end of November 2019.

The CC4 section of the bridge is constructed by China State Construction Engineering C

orp. At around 11.6 km of the 11.8 km-long section will be a land viaduct traversing the mangrove swamp of the

Labu Forest Reserve, the company has established a set of strict safety and green construction evaluation systems to mee

t the high demand for environmental protection and cope with unprecedented difficulty in construction.

The Padma Bridge, 25 meters in width and 10 km in length, will

be built over the Padma River, one of the three major rivers in Bangladesh.

In June 2016, China Railway Major Bridge Engineering Group Co Ltd was awar

ded a $1.55-billion contract by the Bangladeshi government to build the core structure of the bridge.

The bridge is the country’s largest infrastructure project, as wel

l as the largest foreign bridge project undertaken by Chinese companies in terms of total cost.

Once completed, travel time between the capital, Dhaka, and the southern city of Khulna will be shortened to about three hours from 13 hours.

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Obscure parliamentary procedures have been resurrecte

 providing daily drama from the House of Commons but making the future of Britain’s biggest change in generations no clearer.

After finally recognising that her minority Conservative g

overnment could not push through a Brexit deal on its own, May started talks this w

eek with Labour leader Jeremy Corbyn in the hope of coming up with a cross-party solution.

But that means accepting the need for more time, including the possibility of Britain hol

ding European Parliament elections on May 23, which May has long hoped to avoid at all cost.

“The United Kingdom proposes that this period should end on 30 June 2019,” May said in the letter.

“The government will want to agree a timetable for ratification that allows the United Kin

gdom to withdraw from the European Union before 23 May, 2019, and therefore cancel the European Parlia

ment elections, but will continue to make responsible prepara

tions to hold the elections should this not prove possible.”

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Yorobe said on-site studies have shown that the vari

ieties introduced to the Philippines through the Green Super Rice project are capable of thriving in harsh environments and maintaining steady yields.

“After Typhoon Haiyan swept through Leyte Island in the central Phi

lippines in November 2013, we found that the Green Super Rice variety was one of the few that w

as still growing when submerged in saline water,” he said. “Local farmers were elated and regained hope.”

In West Africa, six Green Super Rice varieties with high-yield potential and strong tolerance to drought, salinity and iron to

xicity have been developed, and about 14.5 metric tons of such seeds were distributed to local rice breeders, ac

cording to Baboucarr Manneh, a researcher with the African Rice Center in Cote d’Ivoire.

“Moreover, about 500 scientists, technicians and farmers hav

e been trained in fields such as breeding, seed production and crop management th

rough the project. The training helps increase their capability and achieve sustainable growth in the future,” he said.

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