Amazon to end local 3rd-party sales in Chinaon offices in Ne

US-based tech giant Amazon.com Inc plans to shut down its third-party seller services on its Chinese online marketplace

in July, as it shifts its focus to offering Chinese mainland consumers overseas products rather than goods from local sellers.

Starting July 18, customers logging in to Amazon’s Chinese web portal will only see a selec

tion of goods from its global store, rather than products from local third-party sellers.

Amazon said it will keep running its other businesses in China, inclu

ding the cross-border shopping business Amazon Global Store; Global Selling, which helps Chin

ese merchants sell products abroad; its cloud service platform Amazon Web Services; and Kindle e-book devices and content.

“Over the past few years, we have been evolving our China online retail business to increasingly

emphasize cross-border sales, and in return we’ve seen a very strong response from Chinese customers.

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yers do need their staff to work extra hours to meet pro

 deadlines or fulfill other tasks, they can ask them to work overtime – but not than 36 hours a month and only after consulti

ng and reaching an agreement with the labor union and the workers. More important, empl

oyers have to pay at least 1.5 times the usual salary to the employees for overtime work.

This is to protect the rights, interests and health of the workers.

Jack Ma, founder of Alibaba Group, has added fuel to the debate, by saying that empl

oyees who get the “opportunity” to work according the “996” schedule are the luc

ky ones, because in many companies employees don’t get the chance to work long hours.

But the fact is, if employers do not meet the two essential requiremen

ts to make employees work overtime – consulting wo

rkers and restricting the amount of extra work – and force the “996” schedule o

n their workers and make them work for more than 60 hours a week, they violate the Labor Law.

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Shanghai aims to rev up car sales with trade-in subsidies

The city of Shanghai has become the first local government to answer the call of the central gove

rnment to promote automobile consumption by providing subsidies, since 10 mi

nistries and commissions of the country released six major methods of promoting car sales in January.

The official WeChat account of the Shanghai Municipal Government announced yesterday it will launch a car trade-i

n program, encouraging car owners to trade in their vehicles for new gas-powered cars complying with State-VI emi

ssions standards or new energy vehicles, according to a report by the 21st Century Business Herald.

The government will provide a subsidy of 10,000 yuan ($1,489) for a trade-in gas-powered

vehicle and 15,000 yuan for a trade-in new energy vehicle, the announcement said.

China’s automobile market saw a sales decline in 2018 for the first time

in 28 years, with passenger vehicle sales slumping for 10 consecutive months from last y

ear to March, according to the China Passenger Car Association. As the central government halved subsidies for new energy

vehicles this year, the promotion of car consumption depends more on local governments and enterprises.

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hina to ease permanent residency requirements in lar

China said Monday it will ease the requirements for permanent residency in many large cities as part of its new urbanization push.

Restrictions on permanent residence permits should be scrapped in cities with populatio

ns between 1 million and 3 million, according to a document outlining key urbanization tasks this year release

d by the National Development and Reform Commission, the country’s top economic planner.

For cities with populations of 3 million to 5 million, the qualifications for such permits should be “fully relaxed,” and the restrictions

for certain key groups of people to get such permits should be removed, the document said.

Previously, the country has already gradually abolished permanent residency restrictions in

small and medium-sized cities and towns with populations below 1 million.

The NDRC document also demanded cities with populations above 5

million to improve their policies and drastically expand the scale of permanent residency.

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Nearly 3.4 billion trips were made on Chinese rail line

 last year. Every day, an average of 5.5 million people use the nation’

s high-speed trains, accounting for nearly 60 percent of daily users of the country’s rail network.

The State-owned rail car manufacturer CRRC Corp, the world’s largest train maker, had sta

rted developing a new-generation of bullet train that will operate at 400 kilometers per hour.

A preliminary report issued on Thursday by Ethiopian officials found that a malfunctioning sensor sent incorrect inform

ation to a Boeing 737 Max 8 jetliner, triggering an anti-stall system that began a chain of events that ended with th

e plane nose-diving into the ground, killing 157 people on March 10, the Associated Press reported.

Boeing has acknowledged that the sensor malfunctioned in the Ethiopian Airlines 737

Max jetliner, triggering the anti-stall system when it was not needed, the AP reported.

In addition, CRRC is designing two types of maglev trains-a 600 km/h high-speed version and a 200 km/h medium-speed ver

sion. Designers said the company expects to put them into service sometime around 2021.

www.bwdq.com.cn

There has always been a fixation on Chinese economic grow

growth-and with good reason. China sustained an average annual growth rate of 10 percent from 1980 to 2011, unprece

dented for a large economy. Since 2012, however, the annual growth has slowed down with the Government Wor

k Report presented recently by Premier Li Keqiang setting a growth target of 6-6.5 percent for 2019.

For China doubters, this is a “gotcha” moment. After all, the premier’s grow

th target implies a 40 percent deceleration from the “miracle” trend. This seems to vin

dicate warnings of the dreaded “middle-income trap”-the tendency of fast-growing developing economies to re

vert to a much weaker growth trajectory just when they get their first whiff of prosperity.

The early work on this phenomenon was precise in terms of what to expect: as per capita inco

me moved into the $16,000-$17,000 range (in dollars at purchasing power parity in 2005), a sust

ained growth deceleration of around 2.5 percentage points can be expected. With China having hit that income thr

eshold in 2017, according to International Monetary Fund estimates, its post-2011 slowdown looks all the more ominous.

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The terraced fields are where my roots are. They are the

 golden rice bowls passed down from our ancestors,” said Lu, 61. “We cannot afford to lose them.”

The local terraced fields have been in existence for about 1,300 years when

the Hani people built a complicated channel system to direct water from the forested hillto

p to nurture paddies on mountain slopes. The natural and cultural wonder was inscribed on the UNESCO World Heritage list in 2013.

It has not always been plain sailing. In the 1960s, a blight caused for

est coverage to drop to just 17 percent, threatening the terraced fields with a devastating drought.

The situation improved in recent decades after China tightened its crackdown on illegal lumb

ering and returned marginal farmland into forest, breathing new life into the local forests as well as terraced paddies.

But as economic takeoff swept across China, the Hani villages faced new trouble, as their old w

ays of farming and the limited output failed to keep young laborers from leaving for better-paying jobs in the cities.

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Retail sales of local government bonds attract eager

Chinese local government bonds worth 1.4 billion yuan ($208.5 million) were snapped up by retail investors within a single day, after counter sales in banks we

re made available for the first time. The fundraising will help supplement a broader fiscal deficit this year, analysts said.

On Monday, individuals in China were able to purchase bonds issued by t

he Zhejiang provincial government (five-year term, 3.32 percent coupon rate) and the N

ingbo city government (three-year term, 3.04 percent coupon rate). Proceeds from the sales will be used for land purchases (300 million yuan) and shantytown renovations (1.1 billion yuan), acc

ording to a notice on the website of China Central Depository and Clearing, a clearinghouse under the central bank.

The minimum investment amount for retail investors is 100 yuan, lower than most wealth management products issu

ed by commercial banks. Previously, individual investors could only purchase bonds issued by the central government, kno

wn as treasury bonds. And before Monday, local government bonds were traded mainly in the interbank market.

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The two countries should work together to promote free

 trade and facilitate investment, continue to enhance communication on major global issues, help push reform of the Worl

d Trade Organization, fight climate change, safeguard global governance and jointly uphold multilateralism, Xi said.

Conte called Xi’s visit to Italy highly significant, and said it would bring the bilateral relationship to a higher level.

He said Italy firmly supports multilateralism and free trade, and his country would like to enhance commu

nication and coordination with China to promote the healthy and stable development of EU-China relations.

During his Italy visit, Xi also had separate meetings with Itali

an Chamber of Deputies member Roberto Fico and Italian Senate President Maria Elisabetta Alb

erti Casellati, and pledged to strengthen legislative exchanges and cooperation between the two sides.

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Residents in Beira, the city worst-hit by the disaster told A

  many victims were injured by the flying metal sheets from the roofs of some houses in the area.

  ”Flying sheets of metal decapitated people. People are very bad here, some are in hospital… we don’t have any help h

ere… it’s getting bad, we’re eating badly, we’re sleeping badly and we don’t have homes,” Rajino Paulino said.

  Layla George, another victim said she was sleeping on Thursday

night when the roof of her house was blown away by powerful winds caused by the cyclone.

  ”I was inside my house, I was sleeping and I had set the bed for my daughter to sle

ep underneath… suddenly the roof flew away. I had locked the door and I lost the keys. We started crying for help

but there was no help because it was the middle of the night and there was a lot of wind,” George told AFP.

  They said they have lost their houses and they have no place to stay.

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