Regulators are accelerating the opening-up of China’s capital market by further relaxing the limits on foreign investment in the A-share market. [Photo/IC]

China released detailed regulatory requirements for mainland-listed companies to give foreign employees equity incentives on Tuesday, in a bid to further open up its capital markets.

According to the State Administration of Foreign Exchange, a listed company should register at local foreign exchange authorities within 30 days after announcing an equity incentive plan involving foreign employees. By showing the registration certificate to banks, a company and foreign employees can do cross-border payment transactions and currency exchange involved in the plan directly. Getting approvals from regulators will not be needed.

To participate in the plans, foreign employees can use both revenue legally earned in the mainland and offshore funds, while their earnings from the plan can be remitted to offshore accounts, the SAFE said.

Emergency personnel surround a dazed worker as he is rescued from a coal mine accident in East China’s Shandong province on Oct 21, 2018. [Photo/Xinhua]

China will begin to enforce a new regulation on production safety and emergency response on April 1, under a decree signed by Premier Li Keqiang.

The regulation was approved in a State Council executive meeting on Dec 5 and is the first such document to be adopted after the Ministry of Emergency Management was established in March last year to oversee emergency responses nationwide.

The 35-clause regulation, written in compliance with China’s laws on safe production and emergency responses, clarifies the responsibilities of governments at all levels, said Sun Huashan, vice-minister of emergency management, at a policy briefing hosted by the State Council Information Office on Friday. The regulation also lists requirements for emergency response plans, exercises, team-building, equipment and on-duty arrangements, he said.

China has established a complete emergency management system for production safety, with 85 national teams covering mining, hazardous chemicals, oil and gas extraction and tunnel construction, Sun said.

Last year had 51,000 fatal accidents, killing more than 34,000 people, the ministry said. China has more than 72,000 emergency management professionals spread across about 1,000 rescue teams who have played a backbone role in responding to major accidents or natural disasters, Sun said.

However, emergency response operations continue to face some challenges, such as an inadequate number of professional teams. Also, on-site rescue mechanisms have yet to be perfected, Sun said. The new regulation was adopted to improve emergency responses and reduce casualties and economic losses, he said.

For on-site rescues, the regulation requires that business units must take immediate action to rescue people in peril and to evacuate others from the danger zone, said Zhang Xun, deputy director of the legislation department of the Ministry of Justice.

The regulation also requires government at all levels to set up emergency rescue headquarters to direct diverse operations and to coordinate efforts by different governmental bodies, Zhang said.

Guo Zhiwu, director of the emergency management ministry’s rescue coordination and planning department, said 27 professional rescue teams and seven international ones have been established since April, and that nongovernmental teams are encouraged to participate in rescue operations in an orderly way.

President Xi Jinping met representatives of space scientists and engineers who participated in the research and development of the Chang’e-4 mission at the Great Hall of the People in Beijing, Feb 20, 2019. [Photo/Xinhua]

BEIJING – Chinese President Xi Jinping met representatives of space scientists and engineers who participated in the research and development of the Chang’e-4 mission at the Great Hall of the People in Beijing Wednesday afternoon.

Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, noted that there is no end for space exploration.

Xi called on science and technology workers and space engineers in China to ride on the wave of the Chang’e-4 mission to achieve the general goal of China’s lunar project, make more efforts to push forward international aerospace cause and bring more Chinese wisdom, solutions and force to the peaceful use of space and the building of a community with a shared future for humanity.

Li Zhanshu, chairman of the NPC Standing Committee [Photo/Xinhua]

China’s top legislature plans to further improve its legislation and oversight work this year to better support the country’s social and economic development, according to its annual work report.

The second session of the 13th National People’s Congress, China’s national legislature, started its second plenary meeting on Friday afternoon.

President Xi Jinping along with other Chinese leaders attended the meeting at the Great Hall of the People.

“We must move forward with formulating and revising urgently needed laws for deepening market-based reform and expanding high-standard opening-up,” Li Zhanshu, chairman of the NPC Standing Committee, said while delivering the committee’s work report to legislators.

Public wellbeing, national security, intellectual property rights protection, social governance, and ecological advancement legislation will be pushed forward, and the principle of law-based taxation will be further enforced, he said.

Major legislative items identified by the leadership will also be prioritized this year, such as deliberation on the civil code, drafting a new amendment of the Criminal Law, and laws on basic medical and healthcare, real estate tax, export control, community correction and veteran support, according to the report.

The legislature will also play a supervisory role, inspecting the enforcement of laws, conducting research, hearing work reports and conducting special inquiries.

It plans to inspect the enforcement of six laws in 2019, including those on water pollution and renewable energy, and it will conduct inquiries into water pollution control, the development of small and medium-sized enterprises, and public interest litigation, according to the report.

It will also hear work reports on improving the management of State-owned assets, criminal trials and public interest litigation, and also plans to research poverty alleviation, mitigation of financial risks, reform of the supervision system, and the enforcement of the Supervision Law, the report said.

Before introducing the NPC Standing Committee’s tasks for this year, Li looked back on its achievements over the past year.

The legislature formulated eight laws, made 47 revisions of laws, and adopted nine decisions on legal issues and other major issues, he said.

It heard and deliberated 24 work reports from the State Council, the Supreme People’s Court, and the Supreme People’s Procuratorate, primarily covering national plans, budgets and audits.

It also inspected the enforcement of six laws, including the Law on the Prevention and Control of Air Pollution and the Marine Environment Protection Law, and conducted three special inquiries and five research projects, according to the report.

Short videos on Chinese social media went viral as they depicted shoppers shoving, wrestling, and fighting with all of their might, just to get the latest T-shirt from Japanese fashion company UNIQLO.

The T-shirt, priced at almost $15, along with the viral videos, had Chinese netizens calling the shoppers crazy and said they felt sorry for them.

The hashtag “UNIQLO cooperation collection T-shirt was snapped up” had over 440 million hits on Sina Weibo as of press time.

In one video, a group rushes toward a UNIQLO store. Their pace did not slow as some lost their cell phones during the sprint.

Another video depicts shoppers crawling through a gap as the door to one store slowly opened and scrambling to beat the other shoppers.

Fights and chaos escalated as shoppers made their way into stores. A few videos show people fighting over the T-shirts.

Shoppers who were able to get a shirt held on to them like trophies as they paid for them at cashier stands.

Store mannequins weren’t safe as the shirts were ripped from their plastic bodies and they were then thrown to the ground disfigured, missing arms and legs.

What makes this T-shirt so desirable is that it was designed by American graffiti artist KAWS.

Although KAWS has designed T-shirt for UNIQLO in the past, a rumor spread online that this latest release would be his last design for the Japanese company.

The National Business Daily reported that one shop owner said they weren’t sure if this was going to be the last cooperation between the two, but UNIQLO will not replenish the shirts in the short run once the first run sells out.

The online sales, which started on Monday, were sold out within seconds.
Many waited outside one shopping mall as early as 1 am Monday morning;, while others snuck inside to wait.

After online sales began, store owners seized upon demand and some charged upwards of $90 for one T-shirt.

Netizens said the shoppers should be ashamed. Some also said this was just a cheap attempt at marketing on behalf of the company.

Safety and stability are normal in China, but for some other countries, safety and stability are not that easy to achieve.

Stability is the most fundamental condition for a country to develop and improve itself, and this kind of thinking is shared by many Chinese youth.

“When the country [China] makes achievements, we feel proud and happy; when it makes mistakes, we also want to help it to correct them. But the most important thing is stability,” said Tang.

“I haven’t experienced the period of instability or chaos, but I know nobody wants to see that happen, so for young people like us, we just focus on our own jobs and don’t make trouble for the country,” he said.

Gao said that “looking at countries like Syria, Ukraine and Libya, you will understand how important stability is. The youths of those countries once gave up stability and thought the West could help them solve their problems, but the fact is they have continued to suffer from internal conflicts.”

Zhang Weiwei, 61, director of the China Institute at Fudan University, told the Global Times that if the Chinese leaders at that time did not made tough decisions to safeguard the stability of the country 30 years ago, “China would have followed the way of the Soviet Union and collapsed,” and China wouldn’t have the development and achievements it has gained in the past three decades.

Optimism in the future

Stability will normally be damaged by unemployment. Due to the slowing economic growth, China is also facing the serious pressure of unemployment.

Data from the Ministry of Education shows that in 2018, the labor force increased by more than 15 million, and 8.2 million of them were college graduates.

The most profitable industries like finance and real estate have reduced recruitment, but many young people are still optimistic. Fortunately, Chinese society was able to control the pressure.

Wu Fei, 23, a deliveryman at a major Chinese logistics company who works in Beijing, has a big plan. Wu is from a village in Northeast China’s Liaoning Province, and he started his job in October 2018 and can earn about 12,000 yuan ($1,739) a month, which is higher than the average income in Beijing of 7,800 yuan. But he needs to work more than 10 hours a day, sometimes even 12 hours.

He wants to invite more fellow villagers to join him so he can soon become a team leader.

Major Chinese cities like Beijing have a huge demand for deliverymen like Wu due to the fast-growing logistics industry fueled by the development of e-commerce in China.

Sherry Shi, 23, who recently graduated from a Beijing-based university, said she is not rushing to get a job since the economic situation is not very good.

“Applying for a master’s degree overseas is in my plan. After I finish my studies, the trade war with the US and tough economic situation will probably end, and the Chinese economy will continue to grow, and I will probably have even more opportunities,” she said.

There are millions of young people like Shi and Wu. They feel the pressure and understand the reality, but they are also working hard and remain optimistic in the future, in themselves, and in the Party which is responsible for leading and protecting the country’s development.

US Secretary of State Mike Pompeo made an announcement on Monday in which he accused China of “abusing human rights” and smeared China’s resolute measures to maintain national stability in the late 1980s. He also criticized China’s anti-terrorism and crime fighting measures in the Xinjiang Uyghur Autonomous Region. The US has stepped up its attacks on China on human rights issues simply because Washington’s trade war with China is proving to be invalid. Now, the US has decided to impose more pressure on China over human rights issues.

In fact, the US has no credibility to hold the moral high ground. Its accusations are nothing but empty talk from a high-pitched speaker. Pompeo’s statements will not be echoed in Chinese society. Instead, they will reaffirm the Chinese public’s belief that the Trump administration is hostile to China, and a friendly US government to China is probably just pie in the sky.

Chinese are convinced that the US government is trying to deprive China of its continued development and gains for its own benefit. In their opinion, it is supposed to be a zero-sum relationship between the two nations. It is well recognized that the rights of Chinese are mostly rooted in sustained national stability and development. The destruction of China’s stability and development is the ultimate deprivation of the rights of Chinese. The current US government is becoming the top hijacker of Chinese human rights.

Chinese are no longer so naive as to regard the US as a haven, or an impetus, for Chinese human rights. It’s not 30 years ago. The Trump administration always threatens to “replace the labor force in China with that in the US,” or in Southeast Asia. They celebrate every sign that could be interpreted as economic downturn in China. Is that sincere compassion for Chinese human rights?

When Washington announced the start of the trade war, it didn’t care about any negative impact a trade war may have on China’s stockmarket or potential losses it may cause for Chinese shareholders. The US would rather see bigger losses on China to bring the country to its knees. The trade war launched by the US put the welfare of Chinese people at risk. Meanwhile, the same group of US politicians put on another face and made accusations about China’s human rights, as if they really care about individual rights of Chinese people.

Under the campaign of “America First,” the Trump administration has utilized its policies to eliminate the opportunity for social and economic development in many countries that will lead to the improvement of human rights. China is facing perhaps the most vicious and most hypocritical US government since its reform and opening-up.

In examining cases of China’s so-called human rights violations raised by some US politicians, it is obvious that those cases often relate to Chinese dissidents. The purpose is to stir up political division within China in order to split the country. In other words, they are advocating specific rights so that they can disrupt China without taking any responsibility.

It is well recognized that the US vigorously pursues its self-defined human rights philosophy for vicious political purposes. Chinese are becoming increasingly aware of the importance of not accepting human rights issues raised by the US and not accepting US values for obvious political purposes. The improvement of Chinese human rights hinges on China’s continued economic and social development. Chinese know where to go and how to go, and do not need “teachers” that have vicious intentions.

Mr Pompeo, if you really care about Chinese human rights, please order the US State Department to lift the newly-added visa restrictions for Chinese students. Those students have made a lot of preparations for studying abroad, which signifies an important step in their lives. Refusing their visas tramples their individual rights. Secretary Pompeo, who has the power to set visa policies, would make great contributions to Chinese rights if he could lift those visa restrictions.

In other words, the US offers its commiserations for so-called human rights violations in China, yet in actions, it has been trampling on China’s human rights for years. It is time for Mr Pompeo and his colleagues to stop the self-contradictory moves.

Over 100 years ago, 120 Chinese teenagers were sent to the US to study on the “Boxer Indemnity Scholarship” program offered by former US president Theodore Roosevelt, which became a landmark in the history of China-US people-to-people exchanges. Members of China’s first generation of returnees have helped to shape China’s modern history.

Since the country ushered in the era of reform and opening-up in 1978, a total of 4.58 million Chinese have gone abroad to study and 3.22 million of them returned, according to data released by the MOE.

The returnees from the US have made the ties closer between the two peoples and made significant contributions to the nation’s economic development and scientific progress.

However, the US has singled out Chinese students and scholars as a national security threat, casting a shadow over bilateral relations which have already been beleaguered by trade tensions.

Chinese analysts stressed that the warning is aimed at Chinese parents and students.

“China has been open and supportive to studying abroad. Now facing the tensions caused by the US, the warning is a gentle reminder to Chinese parents: Studying in the US will cost a fortune in time and money, and if their children cannot get a sound education, it will be a huge loss,” a Peking University professor told the Global Times on Monday on condition of anonymity.

It also reminds them that many schools with high quality education resources in other countries may be an option, the professor said, noting that the warning will affect US schools greatly as Chinese students are a prominent contributor to their finances.

He Weiwen, former economic and commercial counselor at the Chinese Consulate General in San Francisco and New York, pointed out that the warning suggests that the trade war has already begun to affect the field of education.

“From trade to science and technology, and to education, it shows that the US is launching a war from its strategic concerns. It is obvious who is instigating trouble,” He said.

The US action has forced China to react and choose a more prudent attitude toward studying in the US, he said.

Chen Qicai, the Party secretary of Tanxi Village, is extremely busy during weekends and holidays as he and his fellow villagers have to receive tourists who come to visit the beaches of the Beibu Gulf.

Chen lives in Tanxi village on the coast of Beibu Gulf in southern China’s Guangxi Zhuang Autonomous Region.

“The village remained undeveloped for a long time and more than 2,800 villagers lived by fishing,” Tan said.

Construction of the Bailang (White Wave) Beach in this village began in the 1990s and now it has become a 4A-level scenic spot.

“We have seen an increasing number of visitors as tourist infrastructure has developed. The number of visitors to Bailang Beach grows by 15 percent annually,” he said.

Besides Bailang Beach, more than 20 scenic spots have sprung up around Beibu Gulf, where efforts are underway to transform it into an international tourist resort.

Last year, six cities around the gulf, including Fangchenggang, Qinzhou, and Beihai, received 324 million tourists, up 28.1 percent year on year. Total spending reached 344 billion yuan (around 49.9 billion US dollars), up 33.2 percent year on year.

“The outstanding ecological advantage helps this region stand out as an international destination,” said Luo Zhen, a vice mayor of Fangchenggang.

Several years ago, the construction of a large shipyard was planned at the Sanniang Gulf in Qinzhou. The plan was later dropped to protect the habitat of Chinese white dolphins.

According to the long-term observation and calculation by Pan Wenshi, a professor from the School of Life Sciences under Peking University, the number of Chinese white dolphins was on the rise from 2013 to 2016, increasing by four to six dolphins per year.

Environmental protection efforts in Qinzhou have paid off. The number of tourists and total tourism consumption in the city have more than doubled in the last three years.

The neighboring city of Beihai has also taken measures to conserve the coastal environment. At Yin Tan, or the Silver Beach, authorities have expanded planting trees and issued a special regulation on the protection of the beach.

“Construction of non-public welfare permanent buildings within 300 meters from the coast is strictly prohibited. Land reclamation, enclosure of beaches and mangroves are also not allowed,” said Han Yunfei, deputy director of Beihai Tourism, Culture and Sports Bureau.

According to local authorities, a cruise terminal with a capacity of 100,000 tonnes is under construction in Beihai to further boost the tourism sector.

Short videos on Chinese social media went viral as they depicted shoppers shoving, wrestling, and fighting with all of their might, just to get the latest T-shirt from Japanese fashion company UNIQLO.

The T-shirt, priced at almost $15, along with the viral videos, had Chinese netizens calling the shoppers crazy and said they felt sorry for them.

The hashtag “UNIQLO cooperation collection T-shirt was snapped up” had over 440 million hits on Sina Weibo as of press time.

In one video, a group rushes toward a UNIQLO store. Their pace did not slow as some lost their cell phones during the sprint.

Another video depicts shoppers crawling through a gap as the door to one store slowly opened and scrambling to beat the other shoppers.

Fights and chaos escalated as shoppers made their way into stores. A few videos show people fighting over the T-shirts.

Shoppers who were able to get a shirt held on to them like trophies as they paid for them at cashier stands.

Store mannequins weren’t safe as the shirts were ripped from their plastic bodies and they were then thrown to the ground disfigured, missing arms and legs.

What makes this T-shirt so desirable is that it was designed by American graffiti artist KAWS.

Although KAWS has designed T-shirt for UNIQLO in the past, a rumor spread online that this latest release would be his last design for the Japanese company.

The National Business Daily reported that one shop owner said they weren’t sure if this was going to be the last cooperation between the two, but UNIQLO will not replenish the shirts in the short run once the first run sells out.

The online sales, which started on Monday, were sold out within seconds.
Many waited outside one shopping mall as early as 1 am Monday morning;, while others snuck inside to wait.

After online sales began, store owners seized upon demand and some charged upwards of $90 for one T-shirt.

Netizens said the shoppers should be ashamed. Some also said this was just a cheap attempt at marketing on behalf of the company.

In a survey published by Shanghai Morning Post on Sina Weibo, 294,000 out of 484,000 respondents believed the buyers were just following the crowd and were influenced by people around them.

One shopper told Shanghai-based news portal thepaper.cn that KAWS has also worked with Dior, who sells his T-shirt designs for roughly $160. The UNIQLO version is more popular because of the lower price.