April 2019 archive

And, despite ongoing tensions, the total value of impo

orts and exports rebounded sharply in March, reaching 9.6 percent higher than March 2018. S o, overall trade grew by 3.7 percent year-on-year in the quarter despite low growth rates in January and Febru ary. Exports of electrical and mechanical products, which are higher value added, grew by 5.4 percent in the qua rter. And, …

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The forum helped countries upgrade their concept

 of cooperation, defined key areas and strengthened the mechanism to seek high-quality development of the BRI, he said. Leaders reached wide-ranging agreement on high-quality cooperation on the BRI at the leaders’ roundtable on Saturday after an i n-depth exchange of views on issues such as connectivity, policy integration and sustainable development. They supported comprehensive infrastructure …

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China to support 5,000 people for BRI innovation excha

China will support 5,000 people from innovation sector in Belt and Road countries i n conducting exchanges, training programs and joint researches in the next five years. Sustainable development under BRI stressed China will work with other parties to promote a coalition of sustainab le cities and an international coalition for green development under the …

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ent Xi Jinping speaks at the opening ceremony of the

hina will increase imports of goods and services on a larger scale. China will further lower its tariff rates. China not to adopt beggar-thy-neighbor currency devaluation China will continue to improve the exchange rate formation mechanism of its curren cy, the renminbi, and keep the exchange rate generally stable on a reasonable and balanced level. …

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Yi pledged to use more market-based commercial fund

 He also said improving transparency for projects’ financing is needed, especially for green financing, and using local currencies in BRI investments to curb exchange rate risks. “The opening of local curr ency-denominated bond markets will effectively attract long-term funds and reduce risks of currency mismatches,” he said. Christine Lagarde, managing director of the International Monetary …

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President calls on think tanks to boost teamwork, Belt, Roa

President Xi Jinping called on Wednesday for exchanges and cooperation between Chinese and foreign think tanks for more high-quality research results to push Belt and Road construction to a higher level. Xi made the remark in a congratulatory letter to the i naugural meeting of the Belt and Road Studies Network held in Beijing on …

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The power of the bill is not limited to within Austra

alia. In fact, any organizations or individuals providing communication services to Australia are subject to its jurisdiction, whether its “company, server, manufacturing location” is locat ed in Australia or not. More shockingly, the law imposes an extraordinary duty of confidentiality. The priva te sector, which assists law enforcement, cannot disclose the details of the instructions …

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Overall, the country’s industrial output grew 6.5 percent

year-on-year in the first quarter, compared with 5.7 percent in the previous quarter. The ministry said more than two-thirds of enterprises it surveyed received ample orders to keep factories busy after the Spring Festival break, also signifying an upward trend. Qu Xianming, an expert at the National Manufacturing Strategy Advisory Committee, s aid the sound …

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reviews naval parade on 70th birthday of Navy

Xi reviewed 18 vessels from 13 countries invited to participate in a naval parade on Tuesday afternoon. The foreign vessels in the waters off eastern China’s coastal city of Qingdao saluted Xi, who was on board the destroyer Xining, in their traditional manners as they passed by. The destroyer Xining sounded its horn to ret …

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However, the consumption structure has changed, with

service consumption accounting for 47.7 percent, up 1.4 percentage points year-on-year . Meanwhile, sluggish auto consumption dragged the whole consumption growth. The continuous decline of auto consumption has become a key for stabilizing this year’s consumption, said Liu Xiaoguang, a resear cher at the National Academy of Development and Strategy at Renmin University of China. …

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