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ational Cooperation, to be held in Beijing on Thursday through Saturday, S
ong said the ministry will help deepen economic and trade cooperation with other coun
tries. “China will build more free trade zones with countries that are willing to do so,” Song added.
“As for the existing free trade zones, we will reduce administrative barriers in trade
and investment and push the formation of a big Belt and Road marketplace.”
While some critics have argued that the initiative will lead countries i
nto debt traps, Song said debt can be solved through joint efforts to promote the devel
opment of BRI economies. “Even though some countries may have high debt levels, as their pace of indus
trialization, urbanization and modernization accelerates, their debts will gradually decrease.”
Joe Kaeser, president and CEO of Siemens AG, said, “If an initiative like the BRI unifies more than two-thirds of the global
population, it will create massive infrastructure and economic movement that will build its own rules.”
ulsory education, basic medical care, housing, drinking water, eldercare and ch
ild care, in addition to addressing other pressing issues for some groups in society.
Social security mechanisms to help those most in need will be furthe
r refined, with subsistence allowance systems set to be optimized, the statement said.
The meeting also called for full implementation of requirements set in the Ce
ntral Economic Work Conference, the annual policymaking meeting held in December.
The meeting urged an even more proactive fiscal policy and full implementation of tax and fee cuts.
Monetary policy will be eased or tightened to the right degree, and
it will be adjusted in accordance with economic growth and real-time inflationary and pricing
scenarios, the statement said, adding that financial support for the real economy will be bolstered.
A slew of new policies aimed at encouraging consumption
in key sectors will be unveiled soon, China Securities Journal reported.
rcent year-on-year to 9.78 trillion yuan ($1.46 trillion) in the January-M
arch period, according to the National Bureau of Statistics (NBS). In March alone, retail sales went up 8.7 pe
rcent to 3.17 trillion yuan, quickening from the 8.2-percent rise seen in the first two months.
In recent years, the government has, on the one hand, frequently intro
duced policies to promote opening-up, increase import and improve consumer welfare. On
the other hand, it has reduced and scrapped import tariffs on some consumer goo
ds. This has played an active role in consumption, Lian Ping, chief economist at Bank of Comm
unication said, adding that consumption still is the key driver for economic growth.
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.
Mao Shengyong, spokesperson for the National Bureau of Statistics, recently said t
hat based on March data, auto production fell, however, the drop was narrowing.
The National Development and Reform Commission was reportedly considering a sl
ew of new measure to boost spending on automobiles, home appliances and consum
er electronics products. It has sent a draft plan to encourage consumption in the three sectors.
interest in philosophy, history, literature, culture, music and sports, and that he first cul
tivated many of these interests back in middle school and they have stayed with him ever since.
His job is serving the people, and he works hard with a busy schedule, but takes great pleasure in his work, Xi wrote.
The Niles North students also inquired whether Xi likes the US.
Xi answered in the letter that he has visited their country many times and is impressed with the “beautiful landscape, hos
pitable people and diverse culture”, and he made a lot of friends, including some young people.
He said the students are “wonderful” and expressed hope that they will make greater progress in studying Chinese.
Learning Chinese will help them better understand China, a
d get acquainted with more Chinese friends and Chinese-speaking friends across the world, Xi said.
nergy of all parties, Belt and Road cooperation will definitely become deep and concrete, steady and extensive,” the report said.
“The Belt and Road will become a road of peace, prosperity, opening up, green development, innovatio
n, connected civilizations, and clean government. It wi
ll make economic globalization become more open, inclusive, balanced and beneficial to all.”
China will improve its oversight of human related scientific research and medic
al tests under draft laws and amendments submitted to China’s top legislature for review on Saturday.
Medical and scientific research related to human genes and embryos mi
ght present risks to health or violate ethics, and they must be strictly regulated therefore, said She
n Chunyao, senior legislator of the Constitution and Law Committee of the National People’s Congress.
A new item has been added to the country’s draft civil law, requiring that all
medical and scientific research related to human genes and embryos must f
ollow strict rules, laws and regulations, and should not pose a threat to people’s health or violate moral or ethical codes.
the explosion sites, the police said.Television footage showed ambulances r
ushing the injured to the Colombo National Hospital, the Batticaloa Hospital in
the east and the Negombo Hospital on the outskirts of the capital where the explosions took place.
There has been no claim of responsibility so far for the multiple blasts.
In just one church, St. Sebastian’s in Katuwapitiya, north o
f Colombo, more than 50 people had been killed, a police official told Reuters.
Media reported 25 people were also killed in an attack on a church in Batticaloa in Eastern Province.
Prime Minister Ranil Wickremesinghe called a national security council meeting at his home for later in the day.
One of the explosions was at St Anthony’s Church in Kochcikade, Colombo.
St. Sebastian’s church posted pictures of destruction inside the church on its Fa
cebook page, showing blood on pews and the floor, and requested help from the public.
Out of Sri Lanka’s total population of around 22 million, 70 percent are Buddh
ist, 12.6 percent Hindu, 9.7 percent Muslim, and 7.6 percent Christian, according to the country’s 2012 cen