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More than 60 countries will send delegations to join multinational naval events marking the anniv
ersary, and over 30 countries of them will send major navy leaders to participate, according to Qiu.
Nearly 20 foreign vessels of various capabilities, including destroyers, frigates and landing ships, will join Chinese vessels in the naval parade, sh
owing to the world the “firm determination to safeguard peace and seek development with joint efforts,” Qiu said.
Organizing multinational naval parades is a unique ceremonial activity of navies, according to Qiu.
The Chinese People’s Liberation Army Navy has been active in provi
ding security products for the international community since its founding, Qiu said.
The navy has paid over 100 visits to 94 countries and 138 ports, and has held more
than 60 joint military drills with foreign navies over the 70 years, according to Qiu.
Since 2008, the navy has sent 32 escort fleets, 103 vessels, 69 helicopters and more than 27,000 offic
ers and soldiers to escort over 6,600 vessels, more than a half of which were foreign merchant ships, he added.
Since 2010, the naval hospital ship Peace Ark has traveled to 43 countr
ies and regions and provided free medical services to over 230,000 people, Qiu said.
energy vehicles (NEV), sales of NEVs reached 111,000 in March, up 100.9 percent year-o
n-year, with NEV wholesales accounting for 254,000 units in the first quarter.
CPCA predicts a 40 percent increase in NEV sales to 1.7 million
units in 2019, based on these first quarter figures.
As China began to cut manufacturing sector VAT from 16 to 13 percent on April 1, som
e imported and high-end vehicle brands lowered prices to boost sales nationwide.
As the industrial chain of domestic-made goods are comparatively longer than that of imports howe
ver, most domestic manufacturers have not lowered prices for goods, including automobiles.
“Consumers should not expect too much on price cuts of automo
biles, but choose vehicles based on demand and affordability,” CPCA said.
trading platforms, mainly serving China’s Nasdaq-style high-growth enterprises and small to medium-sized enterprises, respectively.
Li Chao, vice-chairman of the regulatory commission, said the new board’s registration sys
tem will not lead to a large number of enterprises flooding onto the new board, thus avoiding hu
rting market liquidity. The new board will have appropriate listing standards and procedures, Li said.
“Regulators’ remarks have dispelled investors’ concerns that the ne
w board may take a toll on the liquidity of existing boards,” said Hong Rong, founder of Ho
nda Education, a Shanghai-based investor education platform. “Moreover, the regulators delivered clear signals that the
ChiNext and NEEQ can benefit from the reform experiences of the new board in the long term.”
Regulators’ remarks constitute a boost to investor sentiment on the A-share market, Hong s
aid. “I think investors are gradually forming a consensus that the country attaches great importance on de
veloping a strong capital market that functions well in not only financing but investing.”
China’s blue-chip CSI300 index had risen 22.2 percent to 3,678.39 points from the start of
this year to Wednesday, and Morgan Stanley has raised this year’s target for the index to 4,300 points.