Skip to content
Qiu Yanpeng (middle), deputy commander of the PLA Navy, attends a press confer
ence for the upcoming multinational naval activity to mark the 70th anniversary of the People’s Liber
ation Army Navy at the press center in Huanghai Hotel in Qingdao, Shandong province, Ap
ril 20, 2019. About 200 journalists from home and abroad attended the press conference.Chinese Navy
will send 32 warships and 39 aircraft to take part in a joint sea parade in waters near Qingdao.
Nearly 20 ships from about 10 countries will participate in t
he sea parade on Tuesday, deputy commander of the PLA Navy Qiu Yanpeng said.
A Singapore Navy frigate arrived on Friday in Qingdao, Shan
dong province, becoming the first foreign warship to arri
ve ahead of a grand event to honor the 70th birthday of the People’s Liberation Army Navy.
The PLA Navy will hold multinational naval activities in Qingdao and nearby waters from
Monday to Thursday to celebrate its founding anniversary. They will include a joint sea parade, high-level sympo
siums, public tours of ships, military music performances and other cultural exchanges.
hinese sales of passenger vehicles, MPVs, SUVs and minivans in March dropped 12 percent on a yearly basis to 1.78 million units.
This is the 10th consecutive monthly decrease, according to the C
hina Passenger Car Association (CPCA), Changjiang Times reported.
The MPV sector saw the largest sales decline, 20.2 percent to 130,000 units in the pas
t month, while SUVs and sedans dropped 10.7 and 12 percent, respectively.
The decreases in 2019’s first quarter are mild compared with those at the end of the last year, CPCA said.
As the State-VI emission standards will be implemented from July 1 this
year, some Japanese brands have launched corresponding products ahead of their co
unterparts, and performed well in sales and consumer confidence, CPCA said.
“Automobile sales in North China, and those in the county and township level, are still weak,” the association added.
Preparation work for China’s ground-breaking science and technology innovation boa
rd is in full swing, with more supporting measures in the pipeline and detailed rules to be an
nounced soon, said China’s securities watchdog and the Shanghai bourse on Wednesday.
“On the whole, related work for the new board has gone rather smoothly. And we will continue to make solid and me
ticulous preparations to launch this major reform in an effective way,” said Yi Huiman, the newly appointed chairman of
the China Securities Regulatory Commission, when convening his first-ever press conference on Wednesday.
Detailed rules of the new board will be available soon to take effect, after necessary mod
ifications in line with public opinions solicited, based on the draft version, said Huang Hongyuan, ge
neral manager of the Shanghai Stock Exchange, the bourse that will launch the board.
“We will receive listing applications after the regulations are available,” H
uang said. How soon the first company will go public on the new board depends on variou
s factors, including preparation progress of the companies and their investment banks, Huang added.
”Green Book” won best picture at the Oscars, marking the final twist on a night of historic firsts, filled with suspense until the final prize.
Despite controversies surrounding the film, and many outspoken critics, the per
iod drama about race relations in the 1960s felt like a more conventional best-picture choi
ce than its two top rivals, both of which had to overcome key hurdles: “Black Panther” represented the fi
rst superhero movie to earn such recognition, while “Roma” not only would have been the first foreign-lan
guage winner, but was likely hobbled by those who still see its distributor, Netflix, as an upstart in the movie world.
The Oscars compensated for a host-free ceremony with a nigh
t of breakthroughs, moving briskly through the categories in a concerted effort to sh
orten the run time, amid a night marked by greater inclusiveness and that spread the wealth among the nominees.
Award voters extended honors to a number of blockbusters, including “Black Panther,” which
earned several technical awards; and “Bohemian Rhapsody,” the biography of Queen and the band’s fron
tman, Freddie Mercury, earned four Oscars — the most of any film — including Rami Malek’s first for the central role.
ai Xiaomin, former China Huarong Asset Management board chairman, has been charged with bribery, corruption and bigamy, the Supreme People’s Procuratorate said on Friday.
China Huarong is one of the country’s four largest State-own asset management companies.
It is alleged that Lai exploited various professional positions, including head of the Huarong
corporation and director-general of the banking supervision department of the People’s Bank of China.
While in these positions, it is claimed that he asked for and received significant benefits in exc
hange for “aid”, according to a press release from the SPP, the country’s top prosecuting authority.
It also alleged that Lai was in illegal possession of a large number of public properties, a
nd that he was living as husband and wife with a woman other than his wife, the release said.
Lai, 56, was placed under investigation by the Central Commission for Discipline Inspection (CCDI) o
f the Communist Party of China in April last year for “serious violations of disciplinary rules
and laws”, and was expelled from the Party and removed from public office six months later.
The CCDI said he violated political disciplines and State financial policies to blindly expand the c
ompany and operate it in a disorderly manner, resulting in it deviating from its primary tasks and business.
Lai, a Jiangxi province native, started his career at the People’s Bank of China in July 1983, and went on
to hold key positions at the China Banking Regulatory Commission and Beijing Banking Regulatory Bureau.