ral rights of a sovereign state, and a necessary measure to counter those provocative actions.”
Mutual trust also is growing between China and countries in the region due to joint effo
rts. The overall situation in the South China Sea is stable and becoming better, Shao said.
“Countries from the region have the will, wisdom and capability to manage differences and jointly
promote peace, thus transforming the area into a sea of peace, friendship and cooperation,” he said.
On the Korean Peninsula question, China insists on denuclearizing the penin
sula, and solving issues through dialogue and consultation, Shao said.
“China has consistently, seriously, fully and rigorously implemented
the United Nation’s resolutions regarding the peninsula,” he said. “China also is willing to
work with various parties to promote the denuclearization of the peninsula via political solutions.”
The development of national economic and technological development zones should stick to innov
ation and opening-up, prioritize high-quality output, and remain market-oriented, the circular said.
A slew of approaches will be taken to beef up the open econom
y quality of the development zones, including diversifying ways of utilizing foreign inves
tment and introducing multinational enterprises’ regional headquarters, research and development cent
ers, and finance departments. Improving the quality of foreign trades and supporting qualified development zone
s to establish comprehensive bonded areas also are among the plans.ent zones, in a bid to boost their international co
mpetitiUS electric car maker Tesla Inc priced its China-made Model 3 vehicles from 328,000 yuan ($47,529) on Friday, acco
rding to a report from wallstreetcn.com. The first pre-order for Tesla Model 3 was completed in just three min
utes after registration started on Friday morning, according to the official Sina Weibo accoun
This year, PetroChina’s Xinjiang Oilfield Company has been fully develop
ing the Jimsar shale oil field, which boasts 1 billion tons of shale oil reserves, Xinhua reported.
The company has mobilized 36 drilling rigs, started drilling on 47 wells and completed eight wells till now. The daily drille
d footage surpassed 2,000 meters and the total drilled footage reached 160,000 meters.
PetroChina has ramped up exploration efforts on Bohai Bay Basin, Songliao Basin, Ordo
s Basin and Junggar Basin in recent years and shale oil was listed as one of the four exploration goals. Dagang Oilfi
eld, Xinjiang Oilfield, Tuha Oilfield and Changqing Oilfield have been set as important demonstration zones.
Xinjiang Oilfield Company said it planned to mobilize 45 drilling rigs this year to finish drilling nearly 100 wells.
roject, including Russia, Egypt and Algeria, and 17 domestic research teams, including on
e from University of Science and Technology of China, have started research on the site, Zheng noted.
The site will “offer research teams with observation equipmen
t, support for outdoor observation and data sharing services”, he said.
Wu Zhongliang, director of the administra
tion’s Institute of Earthquake Forecasting, said the experimental site will help for
m a “united front” at the national and international level to work on earthquake forecasting.
Referring to earthquake forecasting as a hard nut to crack, Wu said the work can
not see marked progress just in a few days, but forecasting capability will be improved a
s technology develops. “If it’s a war between humans and earthquakes, it’s us that will finally win,” he said