Other commonly used disaggregated growth meas

ures are consistent with the top-line measured GDP growth number. For example, production and supply of electricity, thermal power, gas and water increased by 7.1 percent in the quarter. Pl us, value-added index of transport, storage and post increased by 7.3 percent. A closer look at the highest growth sectors shows that the economy is moving toward the long-term goal […]

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And, despite ongoing tensions, the total value of impo

orts and exports rebounded sharply in March, reaching 9.6 percent higher than March 2018. S o, overall trade grew by 3.7 percent year-on-year in the quarter despite low growth rates in January and Febru ary. Exports of electrical and mechanical products, which are higher value added, grew by 5.4 percent in the qua rter. And, private sector trade grew 9.9 […]

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Having watched and researched the Belt and Road

tiative for a very long time, Astle has identified many opportunities provided by the BRI and some great projects are already successfully being implemented with Chinese partners. The world’s only medicine treating spinal muscular atrophy (SMA) is entering the Chinese market, it was announced Sunday. The drug is registered under the name Spinraza in the United States and European Union. […]

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hinese prize for quantum research announced

A total of 12 million yuan ($1.78 million) of cash will be granted to 12 international scientists for their groundbreaking academic contributions to the fields of quantum computation and quantum com munications, according to a press release by the newly founded Micius Quantum Foundation on Friday. With a combined donation of 100 million yuan from Chinese entrepreneurs, the foundation based […]

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Noting that China has the world’s biggest middle-incom

income population, Xi said that China would open up its market continuously and welcome quality products from around the world. China does not pursue a trade surplus intentionally, and it would like to import more com petitive farm products, finished products and services to promote the balance of trade, Xi said. China will promote greater openness in modern services, manufacturin […]

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ent Xi Jinping speaks at the opening ceremony of the

hina will increase imports of goods and services on a larger scale. China will further lower its tariff rates. China not to adopt beggar-thy-neighbor currency devaluation China will continue to improve the exchange rate formation mechanism of its curren cy, the renminbi, and keep the exchange rate generally stable on a reasonable and balanced level. China establishes mechanism for fulfilling […]

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Country’s 1st space station to be shared a full-size m

China’s plan to involve international communities in its space mis sions to jointly conduct space research shows its determination to further enhance global coop eration in space projects, according to the director of the United Nations Office for Outer Space Affairs. That incl udes opening up its planned space station to other countries, especially developing countries. China’s space station, which […]

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Last year, we issued an announcement offering op

portunities for all UN member states to propose experiments they want to conduct using China’s space station,” said Simone tta Di Pippo, director of the UNOOSA. “We have received more than 40 proposals before the deadline for sub mission. We will announce the winners probably by the end of June after evaluation.” Di Pippo said these on the sideli nes […]

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Leveraging private funds prioritized in BRI projects

China’s financial minister and central bank governor vowed to strengthe n debt management and leverage more private funds for infrastructure construction un der the Belt and Road Initiative, suggesting a new framework to assess debt risks for partner countries on Thursday. The Ministry of Finance published a debt-sustainability analysis framework for the BRI’s participating economies at the start of t […]

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Xi added that the two countries should jointly prom

mote the building of the Asia-Pacific free trade zone and maintain the multilateral trading system. He said China and Latin American countries should support each other, make full use of their complementary advantages and achieve win-win cooperation. The two sides should pursue comm on development and jointly build a community with a shared future for China and Latin America, Xi […]

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