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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
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.
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.
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
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.
“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.