More steps needed to tackle debt problemscess shou

China has less motivation to further stimulate economic growth, but the government needs to search for more me

thods to control debt and reduce default risks, according to officials and economists.

China’s macroeconomic leverage ratio, or the total debt-to-GDP proportion, rose slightly in the first quarter, but the overall leve

rage level still remained stable, Huang Xiaolong, deputy head of the Financial Stability Bureau of the P

eople’s Bank of China, the central bank, said at a media conference on Wednesday.

Recent research from the Chinese Academy of Social Sciences s

howed that by the end of March, the macro leverage ratio climbed to 248.83 percent from 243.7 p

ercent in 2018, as the government utilized several easing policies to support GDP growth in the first three months

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In 2016, Xi wrote a reply to 12 primary school students

 in Taizhou, Zhejiang province. They were the grandchildren of those who cultivated the uninhabited Dachen Islands in the 1950s.

In March 2017, Xi joined with primary students in Beijing to

plant trees and encouraged them to foster a219ccccom-3/nvironmental protection from childhood.

In 2018, replying to a letter from a primary school in Shaanxi provi

nce, Xi expressed hope that the students would learn more about the history of the revolution, follow th

e example of heroes and role models, love the Party, the country and the people and carry on fine revolutionary traditions.

hina has raised additional tariffs to a maximum 25 percent on part of the $60 billion worth of US prod

ucts, effective June 1, according to a statement by the Customs Tariff Commission of the State Council.

The rates of additional tariffs on some of the products will be increased to 25 percent, 20 perc

ent, and 10 percent, respectively. The 5 percent additional tariffs applied to some products remained unchanged.

The move came after the US’ latest tax increase on $200 billion worth of Chinese goods from 10 percent to 25 percent.

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Efforts should be stepped up to build a higher-level, higher

quality food security system that is more efficient and more sustainable to guarantee the nation’s grain reserves, the statement sai

The US government is the one to blame for its self-contradictory actions that have led to escalating trade frictions with China, the Ministry of Commerce said on Thursday.

The US government has been sending self-contradictory signals, by saying that the two countries

will soon reach an agreement and then saying that it is not ready, said Gao Feng, the ministry’s spokesman.

US President Donald Trump said on Monday in Japan that Washington isn’t ready to strike a trade deal

with China, but he’s leaving open the possibility that the two nations could reach an agreement someday.

Gao said it is hard not to cast doubts on the sincerity of the US.

He added that the escalation of the trade dispute has seriously undermined the basis for further talks and the US is the one to blame.

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Talks with Vanuatu PM China seeks no private interests

and scope of influence in developing relations with Pacific island cou

ntries, and will be good friends and partners trusted by them forever, Xi said on Tue

sday. Xi made the remarks while meeting with visiting Vanuatu Prime Minister Charlot Salwai in Beijing. The Chi

na-Vanuatu relationship has become a good example of relations between China and Pacific island countries, Xi s

aid, adding political mutual trust between the two countries keeps d

eepening and exchanges and cooperation in various fields continue to expand.

Xi said the country appreciates Vanuatu resolutely adhering to the one-C

hina policy, and supports it independently choosing the development path that suits its

national conditions. Xi called for strengthening the alignment of the development strategy of the Pacific island cou

ntry with the BRI and tapping potential for bilateral pragmatic cooperation.

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We must work together to ensure that big data, and the

technologies that it enables, are harnessed for the benefit of mankind while minimizing the risks to develo

pment, peace and security and human rights,” Guterres said in a congratulatory letter to the expo.

Miao Wei, minister of industry and information technology, said China has already made signif

icant progress in bolstering the big data industry with a string of big data platforms established in sec

tors such as manufacturing, commerce, finance, transportation and medical care.

“We will make a fresh push to integrate cutting-edge information technologies into the real econo

my, including establishing a national industrial data center, to better power the country’s sp

rawling manufacturing sector,” Miao said at the opening ceremony of the big data expo.

According to the ministry, China’s digital economy reached a total volu

me of over 31 trillion yuan ($4.5 trillion), or 34.8 percent of its GDP, in 2018.

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Both the digital industry and digitalization of other indu

 industries develop fast, and new sectors have been emerging, such as unmanned warehousing, facial recognition payments and new online-to-offline groceries.”

Meng also said that a new version of the nationally unified negative list for market access will be rolled out w

ithin the year. Illegal or implicit entry barriers and locally issued negative lists will be canceled, she said.

The Chinese authorities will also establish and refine mechanisms for adjusting the annually released

list when necessary, she said, adding that the list will better cope with the reforms to delegate power, streamline ad

ministration and optimize government services, and will better meet the needs of market entities for broader access.

Wang Yuanhong, deputy head of the Department of Economic Forecas

ting at the State Information Center, said the fast growth of high-tech industries and the

service sector reflects the ongoing upgrading of traditional industries and the optimization of C

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Harmonious co-existence of various civilizations called for

We should leave various civilizations in the world all in full blossom.

There would be no clash of civilizations as long as people are able to appreciate the beauty of them all.

Openness, inclusiveness, mutual learning among civilizations stressed

Exchanges and mutual learning among civilizations should be conducted in a reciprocal and equal ma

nner, and be diversified and multi-directional. They should not be compulsory or forced, or be a one-way flow.

Civilizations should keep pace with times

Innovation should be encouraged to give impetus and vitality to the progress of civilizations.

Asia tourism promotion plan proposed

China is willing to implement an Asia tourism promotion plan with other countries.

Chinese people made more than 160 million outbound trips in 2018 while inbound trips by overseas tourists exceeded 140 milli

on. They are important forces for promoting exchanges and mutual learning among Chinese and foreign civilizations.

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Singaporean prime minister Lee Kuan Yew’s and curr

ent Malaysian Prime Minister Mahathir Mohamad’s championing of Asian values as the ideal way to govern their countries.

Lee and Mahathir maintained that in Asia, social order and strong governance are keys to a stable and wealthy society.

This type of governance succeeded in fostering rapid growth in Singapore, Malaysia, South Korea and China. Sant

arita said strong Asian leaders are effective because they serve their constituents and value mutual respect and discipline.

Analysts said the Asian emphasis on community and harmony can help resolve some of the wo

rld’s most pressing international issues such as territorial disputes, climate change and sustainable economic development.

Santarita cited the current dispute over the South China Sea which some

times strains relations between nations. He said the claimants can opt to work to

gether to develop and share resources offered by the South China Sea’s blue economy.

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ons of people and reshape the physical world, and

countries should be mindful of these projects’ impact on the environment and inhabitants.

“It is encouraging that the government of China is taking proac­tive measures to ensure tha

t the development of the Belt and Road Initiative is risk-informed and sustainable,” she added.

“Disaster-proofing the world’s largest infrastructure initiative is a challenge, but achi

evable,” she said, adding that at the heart of this challenge lies great potential for innovation and creativity, suc

h as new disaster risk prediction and analysis, and disaster-resilient infrastructures.

Huang Runqiu, vice-minister of the Ministry of Ecology and Environment, said disas

ter risk reduction of natural hazards along the initiative is crucial for its success and sustainability.

Regions at the heart of the initiative, such as the Tianshan-Pamir Plateau, the H

imalayas, eastern parts of the Qinghai-Tibet Plateau and South Asia, are facing serious

disaster threats due to tectonic movements, fragile ecosystems and extreme weather, he said.

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Agreed Zhang Lanmei, 57, a retired Shanghai local

 “I go on trips twice a year. I usually do not buy souvenirs on the road, because they are q

uite similar and less creative, which I can easily find at the stalls of Shanghai’s Town God Temple.”

Netizens in China joke online Yiwu’s residents need

not buy souvenirs at other places as all such articles originate in their hometown.

As Shi sees it, there is immense scope to reinvent the concept of souvenirs in general and Chinese souvenirs in particular.

Souvenirs, he said, should be made in various formats-a local snack, curries from In

dia, black tea from Sri Lanka, dried apricots from Xinjiang Uygur autonomous region, or Spanish Iberian ham.

They could also be in the form of a delicate little gift of a key ch

ain, handicraft or fridge magnet, but a special local product would be ideal.

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