Previous post: [ Economic basics will stay positive, interview emphasizes ]
The Chinese economy has stayed on a trajectory of stable gro
wth, and the country’s economic fundamentals will remain p
ositive in the long run, President Xi Jinping said in a written interview with Russian media.
On the eve of his state visit to Russia, Xi told TASS Russian News Agency and the Rossiyskaya Gazeta newspaper on Tues
day that China has all the necessary conditions, capability and confidence to deal with any risks or challenges.
Despite a slowdown in global growth and trade, the Chinese economy
has had a strong start this year with key economic indicators remaining in a proper range, he said.
ation for commercialization of 5G,” the ministry said, adding it will issue commercial 5G licens
es in the near future, a clear sign China will soon officially enter the first year of 5G.
“As always, we welcome domestic and foreign enterprises to actively participate in China’s 5G network construction and effort
to promote application of the technology, and jointly share 5G development opportunities,” the ministry added.
China’s big three telecom carriers are forecast to spend 900 billi
on to 1.5 trillion yuan ($134 billion to $223 billion) in total on 5G network construction from 2020
to 2025, according to a report from the China Academy of Information and Communications Technology. In co
mparison, Chinese telecom operators spent 720 billion yuan on 4G network construction from 2014 to 2018.
ng should be leveraged to improve coordination mechanisms
for economic policies such as finance, currency, employment, industry, and regional develop
ment to ensure the nation’s economic development stays within a reasonable range, the statement said.
The meeting highlighted the importance of strengthening innovative cap
abilities as well as opening-up and cooperation in this regard, and called for improving the serv
ices and environment for opening-up and cooperation so that development is promoted through opening-up, inn
ovation is advanced through reforms and win-win results are achieved through cooperation, it said.
Tough and newly emerging problems should be resolved through deepening reforms, the state
ment said, adding that the capability of dealing with challenges and preventing risks should be intensified.
Previous post: [ f rice and fertilizer futures, guiding more compan ]
anies and fund managers entering the market, and assisting in formulating the Futures Law.
“As prices of bulk commodities fluctuated frequently and shar
ply in recent years, the real economy has a huge demand for risk management,” Lu said, str
essing the importance of accelerating the development of the futures market amid uncertainties.
China stepped up efforts to open up the commodity futures mar
ket last year, making three futures contracts available to f
oreign investors so far, including crude oil, iron ore and purified ter
ephthalic acid (PTA), a raw material for making plastics.
Previous post: [ Nearly three years after the United Kingdom voted by per ]
rcent to 48 percent to leave the EU, it remains a member and its politicians are still argui
ng over how, when or even whether the country will leave the club it joined in 1973.
May quit on Friday, saying it was a matter of deep regret that she had been unable to deliver Brexit and
arguing that the decision of the 2016 referendum should be honoured. That opened up a period of furt
her uncertainty as the Conservatives decide on who will take over as party leader and prime minister.
BBC projections put the Conservatives on around 10 to 12 percent, down fr
om 23 percent in 2014, likely to be one of the party’s worst results in a nationwide election ever.
The Brexit Party was in first place, and was likely to do better than
the UK Independence Party did in 2014, according to BBC projections.
Previous post: [ Xi hailed Zhang’s deeds, saying the elderly hero hid the ]
for more than 60 years and stayed true to his original aspirations. As a s
oldier, Zhang defended the country; as a civilian, he works for the people’s well-being, Xi said.
Zhang lives a life of simplicity, purity and indifference to fame and fortune, serving as a role
model for military officers, rank-and-file soldiers and veterans across the country, Xi said.
Zhang, a member of the CPC, was a soldier of Brigade 359 of the Northwest Field Ar
my, one of the main forces of the Chinese People’s Liberation Army during the Liberation War between 1945 and 1949.
He was honored by the Northwest Field Army sever
al times for performing meritorious deeds as he braved enemy fire. He was twice given the honorary title of C
Previous post: [ Liu, who turned himself in, stepped down in Janua ]
ary as chairman of the China Securities Regulatory Commission, a position he kept for three years before being replaced by Yi Huiman.
The central commission said in the statement that Liu is cooperating with the probe.
hina’s housing regulator has warned four Chinese cities over price rises in the past three months, the Economic Observer reported.
Local governments of Foshan, Suzhou, Dalian and Nanning were urged by the Ministr
y of Housing and Urban-Rural Development to stabilize land and housing prices as well as market expectations.
This came a month after six other cities were also warned over similar reasons on April 19.
companies, Lu said that as for foreign enterprises operating in Chi
na, there is no need for them to worry as long as their businesses are law-abiding.
S President Donald Trump issued an executive order on Wednesd
ay in which he declared a national economic emergency and banned the technology and
services of “foreign adversaries” deemed to pose “unacceptable risks” to US national security.
The US intention is so obvious that media outlets around the world have without exception interpr
eted this as targeting Huawei, by excluding the Chinese telecommunications giant from US networks.
Washington has repeatedly claimed that Huawei’s equipment poses a security threat, but for all the sound and fury, it sign
ifies nothing, as it has never produced any credible evidence, indeed any evidence at all.
Previous post: [ The conference also saw the launch of a scientific alli ]
lliance on international disaster risk reduction, which included around 30 institution
s and universities from countries including Italy, Belgium, Nepal, Pakistan and Sri Lanka.
The alliance will serve as a new platform for international coordinati
on and provide scientific support for disaster relief and sustainable development.
The conference was co-hosted by the Chinese Academy of Sciences, the China Association for Science and Technology, the U
nited Nations Environment Program, the UN Office for Disaster Risk Reduction and the Alliance of Int
ernational Science Organizations, a group created to connect the scientific communities of BRI participants.
Bai Chunli, president of the academy, said in the conference’s opening ceremony on Saturday that areas along the Si
lk Road are prone to various natural disasters that have resulted in massive loss of life and economic damage.
Previous post: [ anqing and Zhangjiakou are preparing another venues, in ]