More than 60 countries will send naval delegations to participate in the 70th anniversary of the founding of the Peo
ple’s Liberation Army Navy in late April, a spokesman for the Ministry of National Defense said on Thursday.
The celebration will showcase the progress of the PLA Navy and its growing capabili
ty in safeguarding China’s overseas interests as well as regional and world peace, an expert said.
The multinational naval event will take place in Qingdao, Shandong province, in late Ap
ril, said ministry spokesman Senior Colonel Wu Qian. April 23 is the 70th anniversary of the PLA Navy’s founding.
The naval event will include high-level dialogues, an international fleet review, military band performances, cultural and sports e
xchanges as well as other activities, Wu said. Some nations will send military ships to participate in the fleet
review, though details are still in the works and will be announced at a later date, he added.
nts in Sichuan, Shaanxi and Shandong provinces as well as Beijing will eventually be able to sell bonds at count
ers in commercial banks directly to retail investors, and the practice will be expanded nationwide after an additional period of time.
The ministry said individuals do not need to pay taxes on the bonds’ interest income, and this policy is likely to attract more investors.
Selling local government bonds to retail investors should facilitate liquidity
in the secondary market, improve the market-oriented bond pricing mechanism and pu
sh issuers to enhance the quality of information disclosure, said Amanda Du, a Moody’s vice-president and senior analyst.
“Higher coupon rates compared with treasury bonds, and the tax exemption on the interest income, make
local government bonds more attractive for retail investors,” she said. “The fast takeup by retail investors also indicates that the
bonds have won high recognition among individual buyers, supported by the local governments’ high credit ratings.”
France cooperation has not changed, Xi said.
“The history of China-France cooperation shows that bilateral ties are not ‘a zero-sum game.’ The strong com
plementarities between the two economies will remain for a long time,” Xi said, adding that China’s sustained devel
opment and further opening-up will create a host of new opportunities as well as broader space for bilateral cooperation.
Xi called on the two countries to constantly explore new fields of cooperation, nurture new growth areas for cooper
ation, and speed up the implementation of the Belt and Road and third-party cooperation projects that have been agreed upon.
“China staands ready to strengthen strategic communication and coordination with France on major issues including the UN aff
airs, the reform of the World Trade Organization and climate change,” Xi said, adding that China always supports European inte
gration and hopes France can play a more active role in leading and promoting China-Europe relations.
Hailing his successful visit to China last year, Macron said that the two countries have been implementing the important con
sensus reached by him and Xi over the past year, strengthening cooperation on economy, trade, technology and culture.