China sends two satellites into orbit on a single carrier rocket for its domestic BeiDou Navigation Satellite System (BDS) in Xichang, Southwest China's Sichuan province, Feb 12, 2018. The twin satellites, which form a network with four previously launched BeiDou-3 satellites, were the fifth and sixth satellites in the BeiDou-3 family. [Photo/Xinhua] HARBIN - China will launch another 11 BeiDou-3 satellites by the end of 2018, adding to its domestic BeiDou Navigation Satellite System (BDS), said an official at an academic conference on Wednesday. China has already launched eight BeiDou-3 satellites. The satellites will provide initial services for countries and regions along the Belt and Road by the end of the year, said Wang Li, chairman of China Satellite Navigation System Committee. Addressing the Ninth China Satellite Navigation Conference in Harbin, capital of Northeast China's Heilongjiang province, Wang said the BeiDou system is moving to become a global service provider after offering stable and reliable time and space information for clients in the Asia-Pacific region. China launched the first two BeiDou-3 satellites into space via a single carrier rocket in November 2017, as its self-developed BeiDou system officially began to expand into a global network. Named after the Chinese term for the Big Dipper constellation, the BeiDou project was formally initiated in 1994. It began to serve China in 2000 and the Asia-Pacific region at the end of 2012. By around 2020, when the BeiDou system goes global, it will have more than 30 satellites. Compared to earlier generation satellites, the BeiDou-3 is able to send signals that are more compatible with other satellite navigation systems and provide satellite-based augmentation, as well as search and rescue services in accordance with international standards. Its positioning accuracy has reached 2.5 to 5 meters. The BeiDou system will coordinate with other technology, such as remote sensing, Internet, big data and cloud computing, in the future, said Wang. silicone wristband maker
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Paul Chan (left), HK's financial secretary, and Vice-Minister of Commerce Fu Ziying shake hands during the signing ceremony of the Mainland and Hong Kong Closer Economic Partnership Arrangement Agreement on Trade in Goods. ROY LIU/CHINA DAILY The central government and the Hong Kong Special Administrative Region government have inked an updated version of the Closer Economic Partnership Arrangements (CEPA) - a step that would boost the trading of goods between the Chinese mainland and Hong Kong. The Agreement on Trade in Goods under the CEPA framework was signed on Friday in the presence of Fu Ziying, international trade representative and vice-minister of commerce and Carrie Lam Cheng Yuet-ngor, the chief executive of HKSAR. Under the agreement, goods of Hong Kong origin imported into the mainland will enjoy zero tariffs, starting from January 2019, through the enhanced agreement or rules of origin (ROO). Besides, a general ROO - based on the calculation of the value added to the products in Hong Kong - has also been introduced under the agreement, allowing products without product-specific ROOs at present to enjoy zero tariffs while being imported into the mainland subject to fulfillment of the general ROO. At the same time, the agreement establishes principles of trade facilitation and sets out measures to expedite Customs clearance of goods with a view to facilitating movement of goods in the Guangdong-Hong Kong-Macao Greater Bay Area, thereby enhancing the Customs clearance capacity and efficiency of the control points in Guangdong and Hong Kong. Meanwhile, the facilitation measures also include simplifying Customs procedures, enhancing transparency of related measures and strengthening cooperation in the relevant areas. The CEPA upgrade signifies that the mainland and Hong Kong have established a comprehensive, independent Customs territory, and entered into a brand-new phase of cooperation, said Fu Ziying, adding that the signing of the agreement would lead to more collaboration platforms afterward. The Agreement on Trade in Goods is an ever-evolving and dynamic protocol, said Paul Chan Mo-po, financial secretary of Hong Kong SAR, adding that the upgrade of CEPA this time is a milestone for the economic and trade cooperation between the mainland and the SAR. The CEPA, which has been on for 15 years, offers Hong Kong enterprises the most favorable conditions for doing businesses on the mainland, while the ceaseless efforts of SAR entrepreneurs in the mainland market have been a catalyst for economic transformation and upgrading, as well as industrial modernization, said Chan. Hong Kong will embark on further liberalization and facilitation of trade and investment, and further enrich the CEPA framework, added Chan, in an effort to fully utilize the potential of the mainland market. The central government also signed the Agreement on Trade in Goods under the updated version of CEPA with the Macao SAR government on Wednesday, which finalized 19 policy measures for mutually beneficial cooperation, further tearing down barriers for cross-border trade between the two sides.
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