Month: April 2019
China’s economy grew better than expected in the first quarter and market confidence was raised in
an outstanding way, according to a statement from a meeting presided over by President Xi Jinping on Friday.
During the meeting of the Political Bureau of the Communist Party of China Central
Committee, members analyzed the current economic situation and made plans for economic work.
In the first quarter, government departments pushed forward high-quality growth, deepene
d supply-side structural reform and carried out positive fiscal policy and stable monetary policy, the statement said. Main mac
roeconomic figures were in proper range, and reform and opening-up was pushed forward continuously, it said.
The statement said lots of difficulties and problems remain in economic development, with m
ore tension in the external economic environment and downward pressure on the domestic economy. Government departments shou
ld remain steadfast and be brave in overcoming difficulties in economic development, it said.
Chinese Navy will send 32 warships and 39 aircraft to take part in a joint sea parade in waters near Qingdao.
Nearly 20 ships from about 10 countries will participate in the sea parade on Tuesday, deputy commander of the PLA Navy Qiu Yanpeng said.
A Singapore Navy frigate arrived on Friday in Qingdao, Shandong province, becoming the first for
eign warship to arrive ahead of a grand event to honor the 70th birthday of the People’s Liberation Army Navy.
The PLA Navy will hold multinational naval activities in Qingdao and nearby waters from Mo
nday to Thursday to celebrate its founding anniversary. They will include a joint sea parade, high-level sy
mposiums, public tours of ships, military music performances and other cultural exchanges.
A press center opened on Wednesday in Qingdao for the upcoming multi
national naval activity.eputy commander of the PLA Navy, attends a press conference for the u
pcoming multinational naval activity to mark the 70th anniversary of the People’s Liberation Army Navy at t
have improved the company’s stocking and inventory processes.
“Earlier we were reliant on the intuitions and experience of the local operation team. With the
use of technology like AI and big data, we are getting more accurate answers.”
As a larger and older retailer, Walmart has constantly worked with startups, said McMillon, citing the new Omega 8 platf
orm that enables retail innovation startups to collaborate with Walmart China to create better services for customers.
McMillon cited the example of a scanning ring developed by a starup for
Walmart that shortens pickup time for JD Daojia orders to less than 10 minutes and impr
ovements in the overall efficiency by 50 percent. Walmart’s WeChat mini-program has over 30 million members and is
developing an e-commerce service based on WeChat to help customers shop more easily and more accurately.
ina to evaluate China’s market access and business environment for foreign investors in a “comprehensive, objective and fair” way.
The ministry’s data showed that US investment in China jumped 71.3 percent year-on-ye
ar in the first three months of this year. In 2018, US investment increased 7.7 percent year-on-year.
Gao said expansion of the investment figures fully demonstrates that US compan
ies continue to be optimistic about the market and accelerate the pace of investing in China.
Gao cited another survey published in February by AmCham China that showed that most US
companies with operations in China said they have continued to see their revenues grow there.
Gao said the ministry will maintain close contact with foreign enterprise
s and business associations, and continuously improve China’s business environment.
m in which airborne particulate matter is present. The lower the ceilin
g is, the higher the density of pollutants which then mix with the cleaner air.
With a low mixing layer, Taihang mountain range to the west and the Yanshan mountai
n range to the north serve as walls that form a semi-closed “room” in the Beijing-Tianjin-Hebei cluster.
The high level of emissions is the major reason for air pollution in th
e greater Beijing area, and meteorological conditions also play a key role as an exte
rnal factor, said Xu Xiangde, a researcher at the Chinese Academy of Meteorological Sciences.
Zhang Xiaoye, Xu’s colleague, said the “marked effect” of continuous pollutant accu
mulation on meteorological conditions could make overall pollution even worse.
“After the accumulation reaches a certain level, it will further wor
sen the meteorological conditions, which then will further affect air quality, causing explosive
that could at least double the readings,” Zhang said. He added that this could help explain the o
ccurrence of heavy PM2.5 pollution that lasts for an extended period of time in certain regions.
Zhang said the interaction of air pollution and meteorologic
al conditions could be triggered when PM2.5 density reaches 100 micrograms per cubic meter in ma
ny of the monitoring points of a region. In such situations, more solar radiation wil
l be reflected back into the space, resulting in temperature inversion and further stabilizing the ground atm
osphere. And the height of the mixing layer could decrease to only one-third of that w
hen pollution processes begin, exacerbating particulate concentration levels even further.
The center’s research also showed that global warming is increas
ing the number of days with a stable surface atmosphere in n
orthern China, especially in the cluster, making smog more likely to develop.
An inferno that destroyed the spire and a large portion of the wooden roof structure of the 12th-century Notre Dame Cathedral in Pa
ris on Monday reinforced a cautionary message to Chinese authorities about the need to better protect vulnerable heritage sites.
The National Cultural Heritage Administration held a staff meeting on Tuesday night at wh
ich officials discussed the Paris fire and six major fires that have taken place at Chinese cultural heritage sites this year.
“The fire at Notre Dame in Paris rang the warning bell for us,” Song Xi
nchao, deputy director of the administration, said in an interview on Tuesday.
“The safety of cultural heritage sites is a red line that can never be crossed. It’s a global issue,” he said.
The six fires were in Sichuan, Fujian, Jiangxi, and Zhejiang provinces, officials said.
On Jan 6, a hall at Yunyan Temple in Jiangyou, Sichuan province, burned down. On
Feb 2, a wooden family temple from the Qing Dynasty (1644-1911) in Nanchang, Jiangxi, was destroyed by fire.
US-based tech giant Amazon.com Inc plans to shut down its third-party seller services on its Chinese online marketplace
in July, as it shifts its focus to offering Chinese mainland consumers overseas products rather than goods from local sellers.
Starting July 18, customers logging in to Amazon’s Chinese web portal will only see a selec
tion of goods from its global store, rather than products from local third-party sellers.
Amazon said it will keep running its other businesses in China, inclu
ding the cross-border shopping business Amazon Global Store; Global Selling, which helps Chin
ese merchants sell products abroad; its cloud service platform Amazon Web Services; and Kindle e-book devices and content.
“Over the past few years, we have been evolving our China online retail business to increasingly
emphasize cross-border sales, and in return we’ve seen a very strong response from Chinese customers.
Under a pilot scheme, the first group of six provinces and cities sold 6.8 billion yuan in bonds
at commercial bank counters to individual buyers between March 22 and early April.
The coupon rates are between 3.01 percent and 3.33 percent, higher than treasury b
onds issued by the central government as well as bank deposits with the same maturity.
Gross local bond issuances hit 1.18 trillion yuan in the first qua
rter, compared with only 219.5 billion yuan in the same period last year.
The total quota for 2019 local government bond issuances is 3.08 trillion yuan, according to the Ministry of Finance.
“About 60 percent of the bonds were issued for ongoing construction, especially
for shantytown renovation projects, railways and roads,” said Hao Lei, head of the ministry’s Budget Department.
While debt financing continues to grow, the government is experiencing sharp declin
es in fiscal revenue growth, especially from tax and land sales, official data showed.
with the island by officially acknowledging that military personnel have been posted in the Taipei office of the American Institute in Taiwan since 2005.