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ciple. So every country has important principles, and we absolutely c
annot make concessions on such issues of principle,” the vice-premier said.
Liu, however, added that he hoped both sides would exhibit flexibility in the talks.
He refuted the criticism of the US side that China reneged on its promises in the draft trade text.
“We believe that it is only natural to have changes before a final deal; it is something that surely occurs in the process, so we
don’t think the Chinese side has back-walked,” he said, adding that he disagreed with the wording of “renege”.
“We just had differing views on how to phrase some things in t
he text, and we hope to resolve it, so it’s unnecessary to overreact to the issue,” he said.
ors that are often crowded with them as well as other items. Should a battery ignite, the fire will spread quickly.
Many owners like to place electric bicycles in the entrances, stair
wells, basements of the buildings they live in so they can charge the batteries overnight, but t
his practice blocks the escape routes, causing the tragic consequences of fires resulting in many deaths.
The results of professional fire tests show that in a relatively enclosed envir
onment, the battery of an electric bike can burn at 1,200 C within three minutes, and the toxi
c gas it produces can spread from the basement of a building to the sixth floor in 10 minutes.
There are regulations forbidding people to park or charge electric bikes in public areas such as sh
ared walkways, stairwells, and emergency exits, yet the ban is often ignored because the electric bik
e riders need the vehicles for transportation and they cannot find any other place to charge them.
going reform measures have made its financial market increasingly appealing to overse
as investors,” the administration said on Monday in a statement on its website.
“The administration will continue to support the opening-up of financ
ial markets, meet demand from overseas investors to expand investment in the ma
rkets and attract global long-term capital to enter China’s financial markets,” it said.
Given the stable performance of the yuan and expectations of balanced capital flows, China’s fore
ign exchange reserves remained stable in April, reaching $3.095 trillion by the end of last month, co
mpared with $3.099 trillion by March, according to data released by the administration on Tuesday.
China is willing to see the accelerated development of the onshore capital market, said analysts, allowing direct fi
nancing to play a more significant role in allocating savings and investment, and better serve the economy.