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News from China
Concrete efforts needed to create favorable conditions for China-U.S. trade talks
6th September 2019

China and the United States agreed to jointly take concrete actions to create favorable conditions for subsequent consultations, a spokesman for China's Ministry of Commerce (MOC) said Thursday.

 
This came after the two countries' chief trade negotiators agreed to hold the 13th round of China-U.S. high-level economic and trade consultations in early October in Washington and maintain close communication before that, spokesman Gao Feng told a press conference.
 
Working groups of the two sides will conduct consultations in earnest in mid-September to make full preparations for the high-level talks to achieve substantial progress, Gao said.
 
China firmly opposes escalating the trade war, which harms China, the United States and the whole world, the spokesman said.
Source: Xinhua
K applicants for Malaysia's long-term visa program "must not be running away from anything": Officia
29th August 2019

 Malaysia welcomes participants from China's Hong Kong for its long-term visa program but will make sure the applicants are "not running away from anything," a government official said recently.

 
Tourism, Arts and Culture Ministry Secretary-General Isham Ishak said this week that interested participants for "Malaysia My Second Home program (MM2H)" are more than welcome, but they must be genuine.
 
"To date, I won't say there is a sudden influx, I haven't seen the records yet but we do welcome new participants from (China's) Hong Kong interested to come to Malaysia," Isham was quoted as saying by the Star, a local English newspaper.
 
"However, they must not be running away from anything. Of course we will do background checks to ensure they are not terrorists taking this opportunity to come to Malaysia for their reasons," he said.
 
"If there are people who are unruly or unwelcome, and those who shouldn't be participating in this program, I am sure the Home Ministry will have that information," he said.
 
Isham was responding to reports that the MM2H program had drawn 251 applications from Hong Kong residents this year, compared with 193 last year, allegedly due to the ongoing demonstrations.
 
The MM2H program is promoted by the Malaysian government to allow foreigners who fulfill certain criteria, to stay in Malaysia for as long as possible on a multiple-entry social visit pass. The social visit pass is initially for a period of 10 years and is renewable
 
Source: Shanghai Daily, AUgust 29, 2019
Fatal tunnel accident caused by fire
28th August 2019

 A road accident which has left five people dead and 31 injured in China's Zhejiang Province Tuesday was caused by dense smoke from a truck that caught fire in a tunnel, local authorities said Wednesday.

 
Preliminary investigation showed that the accident occurred at 6:27pm when a tyre of a truck caught fire in a tunnel on the Shenyang-Haikou expressway, according to the publicity department of the city of Taizhou.
 
The flames quickly engulfed goods on the truck and triggered a large amount of smoke, resulting in vehicles and people getting trapped in the tunnel.
 
Traffic police arrived at the scene at 6:32pm, but the fire wasn't extinguished soon as it spread very fast. The city dispatched more personnel from the local public security department, fire department, and first-aid and medical team to the scene to evacuate and rescue the trapped, and later put out the fire.
 
A total of 36 people were sent to hospital for treatment, five of whom died, according to the publicity department.
 
Further investigation of the accident is underway.
 
Source: Shanghai Daily, August 28, 2019
China's industrial profits rise 2.6% in July
27th August 2019

 

 
The profits of China's major industrial firms rose 2.6 percent year on year in July, data from the National Bureau of Statistics showed Tuesday.
 
This is a drastic rebound compared to the 3.1-percent decline in June.
 
In the first seven months, the profits of China's major industrial firms dropped 1.7 percent to 3.5 trillion yuan (US$494.03 billion) and the decrease rate was 0.7 percentage points lower than that in the first half year.
 
Specifically, profits of state-owned industrial firms dropped 8.1 percent from one year earlier to 1.08 billion yuan, while those of private ones gained 7 percent to 884.91 billion yuan year on year in the first seven months.
 
During the period, profits of the mining industry climbed 4.2 percent to 335.44 billion yuan, while the manufacturing industry dropped 3.4 percent to 2.88 trillion yuan.
 
Profits at 29 of the 41 industrial sectors surveyed rose compared with one year earlier, while 12 sectors saw their profits fall, according to the NBS.
 
The revenue of the major industrial firms, with annual revenue of more than 20 million yuan, amounted to 59.58 trillion yuan, up 4.9 percent year on year and their business costs climbed 5.2 percent to 50.27 trillion yuan during the period.
Source: Shanghai Daily, August 27, 2019

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