in the service secto爱上海女神会所r, and deregulate the services for the elderly and children, and medical care and education. Although its overall economic uncertainty has increased, China’s economy still has great pote ntial in terms of service and consumption, especially because it is a market of more than 1.3 bil lion people including a middle-income group of 400 million all of whom are seeking a better life. Current policy package strong enough to counter headwinds, economist says China has no immediate need of aggressive stimulus to support growth unless trade tensions with the United States m ore visibly weigh on growth momentum, and greater patience andRead More →

 minister has participated in the event.Building a community with a shared future for mankind is the right path forward and the trend of the times amid growing uncertainty and instability around the world, he said. “No approaches to regional issues should resort to military blocs, nor should they undermine the interests of others,” Wei said. He called out the United States for its military support to Taiwan and naval operations in the South China Sea, saying they have undermined China’s national sovereignty and territorial integrity. China resolutely follows the path of peaceful development and this commitment is en shrined in the constitutions of both theRead More →

dollar dropped more than 3 percent under market pressure as global investors worried about the escalation of trade friction. Guo Shuqing, Party secretary of the People’s Bank of China, the central bank, said on Monda y that higher US tariffs on China’s imports triggered financial market volatility, and this also affected the offshore RMB. The currency’s depreciation was purely caused by market forces, a d China has never taken any measures to deliberately devalue the currency to make its exports more attractive, said Guo, who is also head of the China Banking and Insurance Regulatory Commission. According to Guo, the short-term fluctuation of the RMBRead More →

 to promoting a new type of international relationship and building a community with a shared future for mankind, Xi said. Mourao extended President Bolsonaro’s greetings and best wishes, and delivered a letter from the Brazilian president to Xi. The new Brazilian administration led by Bolsonaro attaches great importance to relations with China, Mourao said. Brazil speaks highly of China’s important contributions to promot ing global economic growth and considers China to be a reliable and stable partner, he said. Brazil would like to connect the country’s investment partners plans with the Belt and Road Initiative and expand cooperation with China in areas incl uding trade,Read More →

n Tuesday afternoon, Xi called for efforts to make new advances in the development of the countr y’s central region. Xi presided over the meeting, at which he was briefed by the Party secretaries of Shanxi, Anhui, Jiangxi, He nan, Hubei and Hunan provinces, as well as He Lifeng, head of the National Development and Reform Commission. Promoting the rise of the central region is an important strategic decis ion made by the CPC Central Committee, Xi said, adding that it has great significance in ac hieving the goal of building a moderately prosperous society in all respects. Xi said that although China is stillRead More →

The emerging service sector also grew very fast, Meng said. In April, the information transmission industry, along with software and inform ation technology services, grew 25 percent year-on-year, 17.6 percentage points higher than the national index of services. Online retail sales amounted to 3.04 trillion yuan ($440.2 billion) in the first four m onths, a year-on-year increase of 17.8 percent. Around 17.07 billion parcels were delivered, up 24.8 percent over last year. She said the transformation of traditional industries is speeding up as they combine with information technology. “Through implementing national big data and internet plus strategies, internet, big da ta, and artificial intelligence technologiesRead More →

cted by the China Consumer Association from December to March, which included mor e than 1,700 students from elementary, junior high and senior high school. According to the report, most elementary school students were first exposed t o the internet in third grade, and these 9-year-old students accounted for 32.2 percent of th e total. For junior high school students, most had their first online experience at the age of 12 years in grade six, a nd these students comprised 21.7 percent. Among high school students, the peak period to access the internet fell duri ng their first year in junior high school, with theseRead More →

detour before reaching a deal sooner or later, then the economic impact for consumers in China and t he US, as well as other parts of the world, will be fairly costly, said Chen Wenling, chief econ omist at the China Center for International Economic Exchanges. Whether they buy finished products or goods made from r aw materials and components, the tariffs still exist, Chen said. The escalation will make goods produced by both countries less co mpetitive and cause large-scale job losses, said Chen. Wei Jianguo, former vice-minister of commerce, said economic conflict s and trade friction between China and the US that drawRead More →

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 Silk Road are prone to various natural disasters that have resulted in massive loss of life and economic damage. “As a result, it is paramount to use new technologies and international cooperation to jointly tackle these nat ural disaster risks, protect ecological security and achieve sustainable development,” Bai said. The academy will continue to collaborate with foreign partners to create new platfor ms and mechanisms to improve disaster management and ecological protection, heRead More →

le growth of the economy, he said, adding that the positive factors for economic growth are increasing. Noting that the uncertainties in the global economic environment are also rising and there remai n downward pressures on the domestic economy, Li called for both attention and confidence from the entrepreneurs. Related departments should follow the guidance of Xi Jinping Though t on Socialism with Chinese Characteristics for a New Era, invigorate the market thro ugh deepening reform and opening-up and ensure the stable growth of the economy, Li said. He said that tax reduction is the key to improving the business environm ent and invigorating theRead More →