Television footage also showed blasts in three hotels

the Cinnamon Grand, Shangri-La and Kingsbury hotels in the capital, which occurred following the church blasts.

2 more explosions hit Sri Lanka

A Sri Lankan military spokesman has confirmed two more explosions just outsi

de the capital, hours after six nearly simultaneous blasts rocked churches and luxury hotels.

The spokesman, Brig. Atapattu, says a 7th blast occurred at a guestho

use in Dehiwala, killing at least two people. Atapattu says an 8th blast occurred in Dem

atagoda on the outskirts of Colombo. He did not have details on the Dematagoda blast.

7 suspects have been arrested

State Minister of Defense Ruwan Wijewardene says seven suspects have been arrested.

Security has been beefed up across the countr

y. Wijewardene said all necessary precautions had been taken to keep citizens safe.

“As a government all necessary action will be taken agains

t any extremist group that is operating in our country,” Wijewardene said.

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Meanwhile, massive rescue operations are underway at

the explosion sites, the police said.Television footage showed ambulances r

ushing the injured to the Colombo National Hospital, the Batticaloa Hospital in

the east and the Negombo Hospital on the outskirts of the capital where the explosions took place.

There has been no claim of responsibility so far for the multiple blasts.

In just one church, St. Sebastian’s in Katuwapitiya, north o

f Colombo, more than 50 people had been killed, a police official told Reuters.

Media reported 25 people were also killed in an attack on a church in Batticaloa in Eastern Province.

Prime Minister Ranil Wickremesinghe called a national security council meeting at his home for later in the day.

One of the explosions was at St Anthony’s Church in Kochcikade, Colombo.

St. Sebastian’s church posted pictures of destruction inside the church on its Fa

cebook page, showing blood on pews and the floor, and requested help from the public.

Out of Sri Lanka’s total population of around 22 million, 70 percent are Buddh

ist, 12.6 percent Hindu, 9.7 percent Muslim, and 7.6 percent Christian, according to the country’s 2012 cen

zzyosj.cn

China mulls amendment to securities lawendment to the

A draft amendment to the Securities Law was submitted Saturday to a bimonthly session of the

National People’s Congress Standing Committee, China’s top legislature, for a third reading.

The latest revisions to the law include rules on the newly-devised science and technology inn

ovation board, which will pilot a registration-based initial public offering (IPO) system.

Under the current IPO system, new shares are subject to ap

proval from the China Securities Regulatory Commission before being listed.

Other revisions in the draft are made in light of new p

rogress of reforms and new developments of the capital market.

A draft amendment to the law was previously submitte

d 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.

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Wheat growing on a farm in Huai’an, Jiangsu province

A threat to the viability of the current WTO dispute settlement system is the unilateralism and

protectionism of the United States. Specifically, this mechanism is in crisis because the Unit

ed States has prevented the appointment of new judges to the appellate body. Experts have warned that if th

e appellate body were to shut down because of a lack of judges, global trade governance will be put back 20 years.

Of course the WTO also needs to continually reforming itself so that it can keep up w

ith the times, and many countries have put forward relevant suggestions. For instance, the European Uni

on has released a paper putting forth ideas for a comprehensive modernization of the WTO, and the United States, Eur

ope, and Japan have together submitted a their own proposed reforms. And in November last year, China ann

ounced that it supported necessary reforms of the WTO and raised five proposals that aim to firmly uphold the rules-ba

sed multilateral trading system, resist protectionism, and let the WTO play a bigger role in world trade.

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The settlement of the dispute over agricultural product

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.

shidaikangfuyiyuan.cn

Chinese Navy to send huge fleet to take part in sea parade

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 the sea parade on Tuesday, deputy commander of the PLA Navy Qiu Yanpeng said.

A Singapore Navy frigate arrived on Friday in Qingdao, Shandong province, becoming the first for

eign warship to arrive 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 Mo

nday to Thursday to celebrate its founding anniversary. They will include a joint sea parade, high-level sy

mposiums, public tours of ships, military music performances and other cultural exchanges.

A press center opened on Wednesday in Qingdao for the upcoming multi

national naval activity.eputy commander of the PLA Navy, attends a press conference for the u

pcoming multinational naval activity to mark the 70th anniversary of the People’s Liberation Army Navy at t

zzyosj.cn

Taylor said the US will ultimately “pay the price for

this”, in the form of an incomplete and inaccurate understanding of China by barring scholars wh

o have great familiarity with US politics and policymaking and have the ear of Chinese officials.

Douglas H. Paal, vice-president of the Asia Program at the Carn

egie Endowment for International Peace, said it appears that the scholars who best unders

tand the US and communicate well with China’s leaders are being denied visas or threatened with denial.

“I don’t see how this is in America’s interest,” Paal said.

Some US media have mentioned that China also denies visas to

US academics, but Taylor and Paal said that has not been

their experience when applying for Chinese visas to visit China for academic exchanges.

In a news conference on Thursday, when asked if China rejected a visa application fr

om an adviser to US President Donald Trump, Foreign Ministry spokesman Lu Kang

said Chinese embassies and consulates overseas always handle visa applications according to law.

China welcomes cultural exchanges between China and the US an

d will actively promote mutual understanding between the two countries, Lu said.

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The economy has stayed on the track of steady gro

owth. We have the confidence, conditions and capability to mee

t the projected targets for economic and social deve

lopment this year,” Yuan told an NDRC news conference on Thursday in Beijing.

Data from the National Bureau of Statistics showed China’s economy grew at a faster-than-e

xpected 6.4 percent year-on-year in the first quarter, remaining at the to

p end of the government’s projected growth range of 6 to 6.5 percent for this year.

The growth was unchanged from that in the fourth quarter of 2018.

Zhang Chenghui, former director at the finan

cial research institute of Development Research Center of the State Cou

ncil, said despite the downward growth pressure, China will see many positive factors in the economy this year.

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The eastern area and central China region are accele

rating the push for economic upgrading, which offers strong impetus for the growth. Despite the pressure, we still can see gr

owth momentum,” Zhang said during a macroeconomic seminar earlier this month in Beijing.

“Recently, the government has introduced a series of su

pportive policies which will gradually help grow the real economy,” Zhang added.

NDRC said a further 3.24 million new urban jobs were added in t

he first quarter, with surveyed unemployment ra

te remaining at a comparatively low level of 5.2 percent in March. And consu

mer prices registered a moderate rise of 1.8 percent in the first three months of this year.

A basic equilibrium in the balance of payments was maintai

ned, and China’s foreign exchange reserves exceeded $3 trillion, Yuan added.

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Economic structure was further improved during the sa

me period. The value-added high-tech sector’s out

put rose by 7.8 percent, higher than the country’s value-added industrial output.

In the first quarter, the NDRC approved 50 fixed asset investment projects, mainly in th

e fields of energy, transportation and high-tech. The total investment hit 370.3 billion yuan ($55.3 billion).

The NDRC reportedly is considering a slew of new measure to boost spending on automob

iles, home appliances and consumer electronics products. People close to the NDRC said it has sent a draft plan to

encourage consumption in the three sectors, according to a report in the National Business Daily.

The news caused shares of home appliance companies traded in Shanghai and Shenzhen to increase

by 1.47 percent on Thursday, according to Shanghai-based information provider Wind Info.

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