ulti-layer capital market system, strengthening investor p

rotection, promoting securities industry innovations and enhancing regulation.

New revisions were submitted for a second reading in April 2017 to

improve regulation on such areas as stock trading, acquisitions of listed firms, information disclos

ure and investor protection. The second draft also demanded the State Council to gradually advance the IPO syst

em reform in accordance with authorization granted by the top legislature.

Note: The following article is taken from the Chinese-language “Commentaries on International Affairs”.

On Thursday, the World Trade Organization (WTO) release

d a panel report on the case the United States lodged in December 2016 against China for its

use of tariff-rate quotas for wheat, rice, and corn. The WTO panel ruled that China’s administration of tariff-rate quo

tas violated its commitment to administer them transparently, while rejecting

the appeal by the American side which demanded that China release the information on tariff-rate quotas.

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ts between China and the United States is nothing out of the ordin

ary – it is a normal part of China’s engagement with the rules-based trading syste

m. As Mr Pascal Lamy, a former WTO director general put it, “China has delivered an ‘A-pl

us performance’ since its WTO accession,” and no WTO member has been

a perfect performer when it comes to WTO rules as each country has its own interpretation of the rules.

China will regard every dispute settlement within the WTO framework as an opportunity to cont

inuously adjust and improve its trade practices. Through the process, China will consult extensively with oth

er WTO members in order to promote reforms of the WTO that enhance the organization’s authority and effe

ctiveness so that it can better safeguard free trade and the multilateral trading system.

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progress of reforms and new developments of the capital market.

A draft amendment to the law was previously submitted to the top legislature for first reading

in April 2015, mainly to meet the legislative demand of reforming the IPO system toward a registration-based one.

The first draft also improved rules on developing a multi-layer capital market system, strengthen

ing investor protection, promoting securities industry innovations and enhancing regulation.

New revisions were submitted for a second reading in April 2017 to im

prove regulation on such areas as stock trading, acquisitions of listed firms, information disclo

sure and investor protection. The second draft also demanded the State Council to gradually advance the IPO sys

tem reform in accordance with authorization granted by the top legislature.

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On Saturday, a new item was added to China’s draft civil law, which put

s all medical and scientific research related to human genes and embryos under stricter re

gulation. Two experts shared their views with China Daily’s Zhang Zhouxiang:

One major change this time is that embryos are clearly included in the draft regulation. Actually,

gene-editing of embryos deserves more attention than gene-editing of adults or children.

First, gene-editing of embryos might more easily get out of control an

d pose more risks to the society. The safety of gene-e

diting for embryos remains unknown and the availability limit of the technology needs to be confirmed.

The birth of the twin gene-edited babies in November 2018 sounded an alarming bell to all. If the embr

yos with edited genes are born, how should we protect their rights as citizens? Will they suffer fro

m discrimination? Who will be responsible if the gene-editing causes health problems?

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comes in time because, if passed, it will provide better regulations of the gene-editing activities over embryos.

Besides, the draft law did not list clearly the definition of gene-edited em

bryos. Technically speaking, if a fertilized egg is genetically edited and grows into an embr

yo, the total process should be considered gene-editing of embryo and put under the regulation of the law.

Zhang Dake, an associate researcher at Beijing Institute of Genomics, Chinese Academy of Sciences

In the past, “health rights” mainly referred to the right to stay healthy and free from injuries. T

he draft amendment this time follows the latest progresses in genetic technologies by extending its defin

ition to cover genetic resources, and will be a guiding principle for relevant disputes in the future.

More importantly, the civil code is a guiding law for all laws in the ci

vil sector. If the draft amendment passes, more related laws, regulations as well as sta

ndards will be amended or drafted in the future, which is a major progress in legislation.

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ntly domestic laws do not view embryos as independent persons, yet in judicial practices their personal rights are still under protection of law as part of the pers

onal rights of their parents. If the draft amendment passes, embryos will enjoy better protection of rights in the future.

ASTANA — A bus accident in Kazakhstan has killed 11 people and injured 29 others, the Kazakh Interior Ministry said Saturday.

The accident took place on the early morning of Saturday in the Kordai district in the southe

rn Zhambyl region when a car collided with a truck on a highway and a following passenger bus ma

de a rollover in order to avoid a collision with the vehicles, according to the ministry.

“As a result of the accident, eight people were killed instantly, 32 people were taken to me

dical facilities, where another three people died from injuries,” the ministry said in a statement.

About 50 people and the rescue services, disaster management office and regional police departme

nt were involved, and medical personnel have been dispatched to the scene, the ministry said.

A pre-trial investigation was launched under the criminal code, while investigat

ors from the Interior Ministry and the police office are working to establish the circumstances of the accident.

daochuwan.cn

The world’s only Hello Kitty-themed pavilion brings a fantasy world with a retro decor for fans in Shanghai.

Hello Kitty Shanghai Times was launched by propert

y developer Shimao Group and Japanese animation powerhouse Sanrio on March 29.

By creating an immersive experience of Shanghai during three symbolic periods of the city’s history – the 1930s, 1980s and today – the

indoor theme park provides a unique experience for visitors with Sanrio’s best-known characters, incl

uding Hello Kitty, My Melody, Badtz-Maru, Pompompurin, Keroppi and Cinnamoroll.

The time travel-themed attraction is located at Shimao Festiva

l City on bustling East Nanjing Road, and is expected to attract 2 million visitors a year. S

preading across three floors, the play area takes up a total gross floor area of about 6,000 square meters.

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such an unfriendly and offensive manner,” Wang said, adding t

hat Washington’s decision shows that the country has become an “oversensitive and

paranoid one which has a lack of confidence in dealing with diplomatic relations”.

A number of Chinese social scientists have had similar experiences when their US visas were revoked.

Zhu Feng, executive director of the China Center for Collaborat

ive Studies of the South China Sea at Nanjing University, told the Global Times news

paper in Beijing that his 10-year US visa was crossed out by FBI agents, canceling it, whe

n he was about to board a flight back to Beijing at Los Angeles International Airport in March 2018.

Zhu said the FBI first threatened to revoke his visa if he did not cooperate with their inquiry.

“‘Go back to China’,”Zhu recalled an agent telling him during that visit. “You will receive a notification.”

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 Zhu also was twice denied single-entry visas to the US.

“This shows how the US is trying to block normal social exchanges bet

ween the two countries, an important channel for mutual understanding and trust,” Zhu said.

Besides scholars in social sciences, the US also began last year to make it harder for Chinese graduate students to get visas if they stud

y in “sensitive research fields”. It warned biomedical researchers at US universities to beware of “Chinese spies

trying to steal information from their laboratories”, according to The New York Times report.

Jon Taylor, a professor of political science of the University o

f St. Thomas in Houston, said the decision is “both absurd and exceedingly shortsighted”.

“These scholars and researchers are social scientists with a long history of interactin

g with their American counterparts as well policymakers in both countries,” he said.

“They are scholars teaching and researching what I teach and research. What are they going to steal?”

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on yuan ($121.7 billion) between January and March, a decrease of 1

1 percent year-on-year, according to the General Administration of Customs.

In March, Sino-US trade climbed 0.1 percent to 291.35 billion yuan, the administration said.

Li Kuiwen, spokesman for the customs authority, said trade tensions between the two cou

ntries have had certain impacts on companies’ operations, but the impact is “generally controllable”.

Li said economic and trade cooperation remains the ballast of Sino-US re

lations, and he is hopeful that China and the US will achieve mutually beneficial results.

China’s economy, despite headwinds, has enjoyed a good start in 2019, and the country

has the confidence to achieve the annual projected growth goal, said the nation’s top economic regulator.

Yuan Da, spokesperson with the National Development and Reform Commission, said the

first quarter’s stable economic development has laid a solid foundation for annual growth.

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