HEADLINE People's Daily Tonight: Podcast News (5/10/2018 Thu.)

HEADLINE

People's Daily Tonight: Podcast News (5/10/2018 Thu.)

People's Daily app

20:25, May 10, 2018

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This is People’s Daily Tonight, your news source from China. 

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Chinese premier calls for new progress of Sino-Japanese ties

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Chinese Premier Li Keqiang and Japanese Prime Minister Shinzo Abe agree to enhance political mutual trust and improve economic cooperation between the two countries.

Li says the two sides should steer China-Japan ties down the path of peace, friendship and cooperation.

Abe says bilateral relations have been moving forward, thanks to efforts made by both sides since opportunities surfaced last year.

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Kim Jong-un expresses confidence in summit with Trump

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North Korean leader Kim Jong-un expresses his confidence in the forthcoming summit with US President Donald Trump, calling it a historic one.

Kim says the summit would be an excellent first step toward promoting the positive development of  the situation on the Korean Peninsula and building a good future.

Kim says he highly appreciates Trump's deep interest in settling the issue on the Korean Peninsula through dialogue.

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China's PPI up 3.4% in April

China's producer price index rises 3.4 percent in April. The index measures costs for goods at the factory.

It was up from a growth of 3.1 percent in March, driven by the growth in factory prices in the mining industry and raw material sector.

On a monthly basis, the index slid 0.2 percent.

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Shanghai vows to host more duty-free shops

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Shanghai is eyeing greater market vitality and accelerating the development of independent brands.

An official says the local government will actively support enterprises which implement self-owned brand cultivation strategies to improve the city's commercial service quality and create a good consumer environment.

The consumers will find more duty-free shops, port duty-free malls and high-end brand outlets in the city, the official adds.

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Former Anbang chairman sentenced to 18 years in prison

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A court in Shanghai has sentenced the former chairman of the Anbang Insurance Group to 18 years in jail for fundraising fraud and embezzling company funds.

The court says is has stripped Wu Xiaohui off his political rights for four years, and has confiscated over a billion dollars in assets.
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Najib 'accepts verdict of the people' after shock election loss

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Malaysian Prime Minister Najib Razak accepts the will of the people after his long-ruling coalition suffered a shock election loss to 92-year-old former leader Mahathir Mohamad.

He added that because no single party captured a majority in parliament, it was up to the king to decide who will become prime minister.

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Mechanical failure interrupts US super carrier Gerald R. Ford's voyage

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And a US Navy memo says a serious mechanical failure stopped US super carrier Gerald R. Ford mid-voyage earlier this year, and forced its return to port for maintenance.

Reports say the incident took place in January, when the ship's propulsion system bearing overheated.

This is the second time in a year that the propulsion system has shown defects before delivery.

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And that’s People’s Daily Tonight.  Thanks for joining us.

(Produced by David Nye, Wang Yi and Qiao Wai)

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