onomy is accelerating restructuring reform and shifting from an export-dominated growth model to a more services-driven model, they added.
“The United States escalated trade tensions, but it cannot solve any problem. This causes volatility and sluggishness in global financial markets an
d hurts the global economy,” said Guo Shuqing, the People’s Bank of China’s Party secretary and also head of the China Banking and In
surance Regulatory Commission. His keynote speech was delivered by a commission spokesman at a forum on Saturday.
Impact on the Chinese economy will be very limited, said Guo. “Chinese fi
nancial markets, although they were excessively affected by trade tensions last year, are un
likely to be hit more dramatically going forward, as financial resilience is strengthening.”
The huge domestic consumer market in China will digest most of the un
salable exports, and many of China’s exports will also shift to other foreign markets. The US will con
nal savings rate and has to be compensated by other countries’ national savings, which in tu
rn adds to the trade deficit. On the other hand, China’s efficiency in the manufacturing industry makes it a lar
ge exporter of manufactured goods to the US and helps it sustain its high savings rate.
A high growth rate means higher trade deficit for US
Given that the US economy is driven by domestic demand, consumpt
ion in particular, instead of exports, a high rate of ec
onomic growth will widen the trade deficit, as it would have to import more products than it exports. In such a sit
uation, the implementation of large-scale infrastructure construction projects would further increase the trade deficit.
A shares, in the final step as part of the November 2019 Semi-Annual Index Review, according to the report.
About 109 companies will be added and three removed from the MSCI China A Onshore Index, whic
h will take place as of the close of May 28, and the three largest additions to this index would be the
Wens Foodstuff Group A, Contemporary A and Shenzhen Mindray A, the MSCI said.
In addition, the MSCI China A Onshore Small Cap Index will see 503 stocks added and 49 cut, with most of the new addi
tions coming from newly eligible ChiNext stocks, according to an official statement of MSCI.
MSCI also updated the list of China A Mid Cap securities that may potentially be adde
d to the MSCI China and the MSCI Emerging Markets Indexes as part of the third step of th
level, and supported by diverse interest groups will prevent conflicts among stakeholders in the South China Sea,” Santarita said.
Scientists from China and other countries involved in the Belt and Road Initiative will work together to enhance scientifi
c and technological cooperation in disaster prevention and mitigation, according to a joint declaration.
He said Asia’s emphasis on “respect for authority, respect for the environment and the discipli
ne to control the use of resources” will also see Asian leaders pursuing a more eco-friendly dev
elopment path and honor their commitments to the Paris climate agreement.
“If there is harmony, discipline, stability and the primacy of family and com
munity over the individual, then any problem can be easily addressed,” Santarita said.
ct “regular sales” of “defense articles” to Taiwan and back its participation in international organizations.
“We urge the US side to keep its promise, abide by the one-China policy a
nd the three joint communiques, and block the bill’s progress,” Geng said.
He urged the US to “appropriately handle the Taiwan question to avoid serious da
mage to Sino-US cooperation in key areas, and the peace and security of the region”.
Experts said the bill will further damage Sino-US relations, and the confr
ontational approach taken by the US against China will damage regional peace and security.
Yuan Zheng, director of US foreign relations research at the Institute of American Studies under the Chinese Academy of
Social Sciences, said the recent passage of US naval vessels through the Taiwan Straits, arms sales and
political support to Taiwan are meant to help Taiwan separatists and pressure Beijing.
an environmentally contained research facility where occupants simulated l
ong-duration self-contained missions with no outside inputs for 200 days — broke the previous
record of 180 days set by researchers in Russia. The team recently won a China May Fourth Medal.
“President Xi has called upon young people to overcome hardships, and that is what our team has been doing,” Yi said.
Qiu Shuiping, Party secretary of Peking University, said the learning institution is pro
ud to be part of history. The university has chosen May 4 as the day to celebrate its founding.
“The choice of the date indicates our resolve to move forward along the path set by the movem
ent to realize national rejuvenation,” he said. “Our teachers and students will work harder to accelerate the
pace of building Peking University into a world-leading academic institution.”
transit. According to NBS preliminary estimates, the share of consumption of clean energy such as natural gas, hydropo
wer, nuclear power and wind power in total energy consumption in the first quarter was 1.5 percentage points hi
gher than that of the same period last year. Energy consumption per unit of GDP went down by 2.7 percent year-on-year.
Total investment in fixed aassets grew by 6.3 percent, with private invest
ment growing at 6.4 percent, slightly faster than the overall number. This is es
pecially significant in the light of last year’s fears that private investment in the econo
my might collapse. So, the government’s efforts to strengthen the private sector appear to have borne fruit.
Investment in high-tech manufacturing rose by 11.4 percent and investme
nt in high-tech services rose 19.3 percent, both far higher than overall investment gro]
wth. This shows that the shift toward advanced manufacturing and services is well underway.
Figures show faster Q1 development, signaling a healthy start for industries
Most provinces in China achieved faster-than-expected growth in the first quarter of 2019, reflect
ing the resilience of the country’s sprawling industrial economy, the country’s top industry regulator said on Tuesday.
Huang Libin, a spokesman for the Ministry of Industry and Information Technology, said at a news conference that 22 p
rovinces’ industrial growth rates from January to March were higher than their targets for the whole year and driven
partly by central and local governments’ favorable policies to accelerate supply-side reform.
Industrial output in Zhejiang province grew 8.9 percent year-on-yea
r in the first quarter, compared with the 7.3 percent it recorded for all of 2018 and faster
than its 2019 target, Huang said, without specifying the province’s growth goal.
“We are in the critical stage of industrial upgrading and seeking high-quality development. The upb
eat readings will continue boosting market expectations and confidence,” he added.
ling and wildlife protection knowledge among the public, and it welcomes public supervision or reports of smuggling.
As social networks and online stores have become increasingly important tools for wildlife s
mugglers, the administration has beefed up its anti-smuggling work online this year.
Customs officials are working on cases involving another 100 tons
of endangered wildlife and wildlife products, of which about 300 kilograms are tusks and ivory products.
Last year, the administration purchased advanced screening and detection equipment to improve th
e efficiency of its anti-smuggling work, according to Wang Wei, director of the administration’s ports supervision department.
People caught entering China with endangered wildlife or wildlife
products worth less than 200,000 yuan ($29,800) face up to five years in prison. If such contr
band goods are worth more than 1 million yuan, the penalty upon conviction is a minimum of 10 years in prison.
ard the bilateral collaboration and joint research on protection and conservation of endangered species of wildlife and biodiversity,” he said.