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.
US weapons manufacturer Raytheon was also granted a $9 million contract to upgrade Taiwan’s Patriot missile defense system.
Senior Colonel Liang Fang, a professor at PLA National Defense Universit
y, said the recent drill will test and enhance the PLA’s joint operating capabilities.
“It will increase the PLA’s ability to protect national sovereignty, and warn thos
e who are trying to undermine it to abandon their illusions,” she said. “Similar drills
will be more common in the future, with increasingly sophisticated equipment and training methods.”
Xiu Chunping, a researcher at the Chinese Academy of Social
Sciences’ Institute of Taiwan Studies, said the recent drill serves to warn the US and separati
International Cooperation two years ago, more countries and inter
national organizations have joined in the construction of the Belt and Road.
So far, 125 countries and 29 international organiz
ations have signed BRI cooperation documents with China, according to Lu.
Among them are 16 Central and Eastern European countries and Gr
eece. Italy and Luxembourg signed cooperation agreements with China last month to join
tly build the Belt and Road. Jamaica also signed similar agreements on Thursday.
During Premier Li Keqiang’s European visit last week, both sides agreed to seek greate
r synergy between the BRI and the European Union’s strategy for connecting with Asia.
Yang Jiechi, director of the Office of the Foreign Affairs Commission of the Comm
unist Party of China Central Committee, said last month that representatives of more than 100 coun
tries, including about 40 foreign leaders, have confirmed their attendance at the Beijing forum.
ber 2017 for graduate students. Many instructors at the school are working on AI-related res
earch so there will be no problem finding capable teachers for the new students, Lin said.
China’s booming AI industry has resulted in a growing demand for tal
ent. It is common for students in AI-related fields to have
already committed to companies before they even graduate and enter the job market, he said.
Master’s graduates majoring in AI can easily find jobs with salaries over 300,000 y
uan ($44,700) per year, and salaries for doctoral graduates are even higher, he said.
Chinese universities are catching up with their counterparts in the United
States in terms of basic research in AI and the numbe
r of published papers, yet they still lag behind in transforming research into application, he added.
principles including that of the most favored nation and national treatment. If the US gets its way and introdu
ces the “American First” policy to the WTO as part of the reform, the WTO system would suffer a deadly blow.
It is imperative therefore that the WTO reform strengthens its dispute settlement mechanism, which is at the heart o
f the multilateral trade system, to overcome its existen
tial crisis. Besides, the principle of starting the reform from the least complicated areas should be adopted to carry o
ut deep and far-reaching WTO reforms so that it can accommodate the new trends in international trade.
As the largest developing and developed economies, China and the US generally represent the collective interests of the develo
ping and developed worlds. If the two countries make a breakthrough in the ongoin
g talks to resolve their trade disputes, they could join hands to drive the WTO reform forward.
And, as James Carafano, director of foreign policy studies at the Washin
ultilateralism, and with the United States increasingly opting for unilateralism in international affairs, China and the EU can str
engthen their coordination within the framework of the United Nations and buttress the role of multilateral mecha
nisms including the World Trade Organization and the International Monetary Fund.
Beijing and Brussels are also two important voices advocating internati
onal efforts to combat climate change and promote sustainable development.
It is hoped that the leaders attending the China-EU Summit in Brussels will send positive signals that the two sides are commi
tted to deepening their strategic and reciprocal cooperation. By strengthening their consensus and solida
rity, they can boost confidence that they will work together to address shared and global challenges.
poverty-reduction workshop, where over 40 women from poor families found jobs. They draw on their fine craftsmanship and hand
made items such as wallets, insoles and pillowcases, which sell at places as far away as Beijing and Shanghai.
In December 2018, Shangyan and Yangcao were removed from the list of poverty-strike
n villages with eight other villages of Huanghua Township, which means poverty had dropped to 3 percent and
below, with all impoverished population included in the national basic medical insurance scheme.
Ma died about a year after she was diagnosed with lymph cancer by a Beijing-based hospital in May 2017.
Even during chemotherapy, she often thought about poverty relief work, and after five months treatment, she returned to her office.
The mountainous Guyuan City, where Huanghua Township is located, is one of the sites whe
re the Workers’ and Peasants’ Red Army of the Communist Party of China arrived during the epic Long
March from 1934 to 1936, which had seen a large number of officers and soldiers killed or injured.
rm has been in operation since Feb 4, 2018.
It is the first Pacific Hydro wind farm in Chile and the first wind farm invested in by China in the South American country.
The $150 million project, financed and constructed by China State Power Investment Corpo
ration, has an installed capacity of 82 MW and will generate about 282 GWh/year, which can meet electri
city demands for 130,000 households and reduce carbon emissions by 157,000 tons per year.
Located in Russia’s Yamal Peninsula in the Arctic, the Yamal liquefied natural gas project reached f
ull production capacity with its three production lines, each of which has a capacity of 5.5 milli
on tons per year, with operations starting in December 2017, August 2018 and December 2018, successively.
The project is the world’s largest of its kind within the Arctic Circle and is also the first m
ega- energy cooperation project implemented in Russia after the Belt and Road Initiative was proposed.
It is owned by Russia’s Novatek (50.1 percent), France’s Total (20 percent), China N
ational Petroleum Corporation (20 percent) and China’s Silk Road Fund (9.9 percent).
ains into service. It said residents in the city would likely make about 340,000 trips by train on Friday.
Other branches of the railway system have also launched more runs to handle the increase of holiday passengers.
Tomb Sweeping Day, also known as Qingming Festival, fell on Friday this year. It i
s a traditional Chinese day on which people pay tribute to deceased family members,
friends and national heroes. Chinese people have used the day for spring outings since ancient times.
In recent years, the number of Chinese travelers, to both domestic and foreign destinations, d
uring the Tomb Sweeping Day holiday has increased annually, and most of them travel by rail for some or all of the j
ourney. For destinations within China, railways offer lower prices and more choices than airlines.
At present, China operates more than 131,000 kilometers of tracks. That fig
ure includes more than 29,000 km of high-speed rail, two-thirds of the global total.
Last year, China invested more than 338 billion yuan ($50 billion) in the construct
ion of 26 new railways and opened new lines totaling 4,683 km, most of them high-speed.
learly what it feels like to be a patient in need of transplant surgery and eagerly waiting for an