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multilateral trade agreements, saying that Chinese people value a promise as much as tons of gold.
China pays close attention to building a law-based government, abolishing improper r
ules, subsidies and activities that undermine fair competition and treating all enterprises equally, Xi said.
The president highlighted building infrastructure of high quality, sustain
ability, risk resilience, reasonable pricing, inclusiveness and accessibility under the Belt and Road Initiative.
Infrastructure is a bottleneck in the development of many nations
, Xi said, and building infrastructure can help countries give full play to their ad
vantages in resources and better integrate into the global supply, industry and value chains.
Xi called on countries to uphold multilateralism, promote green devel
opment and fight corruption with zero tolerance in the process of building the Belt and Road.
China’s first aircraft carrier, the Liaoning, and latest nuclear submarines, destroyers and fighter jets will join the parade, Qiu said.
“Some vessels will make their debut for the first time,” Qiu added.
Altogether 32 Chinese vessels and 39 warplanes will take part in the event, according to Qiu.
The vessels will sail in six groups, namely, those of submar
ines, destroyers, frigates, landing ships, auxiliary ships, and aircraft carrier.
The planes will fly in 10 echelons, showcasing aircraft for early warning, reconnaissance, anti-submarine patrol, as wel
l as bombers, fighters, carrier-based fighters, and carrier-based helicopters, Qiu said.
More than 60 countries will send delegations to join multinational naval even
ts marking the anniversary, and over 30 countries of them will send major navy leaders to participate, according to Qiu.
Nearly 20 foreign vessels of various capabilities, including destro
yers, frigates and landing ships, will join Chinese vessels in the naval parade, show
ing to the world the “firm determination to safeguard peace and seek development with joint efforts,” Qiu said.
Organizing multinational naval parades is a unique ceremonial activity of navies, according to Qiu.
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.
tion with China on jointly building the Belt and Road, She said.
Noting that the history of Italy-China exchanges for the past 50 years has been a history of dia
logue and friendship, the speaker said the Italian Senate is willing to facilitate exchanges between the two cou
ntries’ legislative institutions, and continue to make contributions to deepening Italy-China friendly cooperation.
Xi arrived in Rome Thursday for a state visit to Italy, the first stop of his three-nation Europe tour, which will also take him to Monaco and France.
hinese authorities have unveiled detailed measures to implement valu
e-added tax reform, a key step to boost market vitality and stabilize economic growth.
Starting April 1 this year, the 16 percent VAT rate that applies to manufa
cturing and other sectors will be lowered to 13 percent, while the rate for construction, tran
sport and other sectors will be reduced from 10 percent to 9 percent, said a joint statement released on Th
ursday by the Ministry of Finance, State Taxation Administration and the General Administration of Customs.