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 percent, far more than the overall growth rate. I am worried to see that total investment in real estate grew by 11.8 per cent year-on-year. Having lived through the 2008 finan cial crisis in the United States, I’m wary of continued high investment in realRead More →

nland, there was little effective therapy for the disease, and patients depended mainly on treat ment such as respiratory and nutrition supports, said Xiong Hui, Beijing Medical Association rare disease c ommittee member and Peking University First Hospital deputy director of pediatrics. Spinraza debuted on the Chinese mainland having been fast-tracked through the marke t approval process for rare disease drugs, which, available overseas since July, are urgently needed in China. The drug began the approval process in September and was issued a license in February. Premier Li Keqiang said in February that the government will step up efforts to gua rantee more than 20Read More →

umption in 2019 is expected to grow 5.8 percent. Demand for coal is expected to hit 3.95 billion tons, with the power sector still playing a significant role in the consumption of coal. Consumption of oil is predicted to reach 620 million tons, up 1.6 percent year-on-year, while the growth rate for natural gas consumption is expected to slow, with an annual consumption of 310 billi on cubic meters in 2019, up 10.4 percent year-on-year, it said.The 2019 Beijing International Horticultural Ex hibition (Expo 2019 Beijing) opens to visitors Monday, and will showcase a wide variety of flowers, fruits, vegetables and herbs from across theRead More →

The 2018 laureates for theory are Juan Ignacio Cirac, David Deutsch, Peter Shor and Peter Zoller, for their seminal theoretical work on quantum algorithms and physical architectures of quantum com puters and simulators, while the experimental category prizes went to Rainer Blatt and David Wineland for pio neering experiments that demonstrated fundamental elements of quantum computing with trapped ions. The 2019 prizes were awarded to Charles Bennett, Gilles Brassard, Artur Ekert and Stephen Wiesner in the theory category for th eir work on quantum cryptography, and experimental prizes went to Pan Jianwei and Anton Zeilinger for their grou ndbreaking experiments that enabled practically secure andRead More →

l make positive contributions in implementing the 2030 Agenda for Sustainable Development of the United Nations. The leaders also pledged to pursue trade and investment liberalization and facilitation, reject protectionism and unilateralism and uphold the rule-based mul tilateral system with the World Trade Organization at the center, according to the communique. Xi told reporters that the consensus reached by the leaders has set the right course for the development of the BRI. Our shared goal is that we work together to make the interconnectivity among various countries more efficient, foster mo re robust economic growth, develop even closer international cooperation and enable people to liveRead More →

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 g and agriculture, allow foreign capital to hold the controlling share in more areas and buil d some new free trade pilot zones to further ease market access for foreign capital, he said. China will speed up making relevant rules and regulat ions and ensureRead More →

e of International Affairs, noted Xi’s emphasis on high-quality development, free t rade and people-to-people bonds, “all of which are sorely needed around the world”. “The shift toward high-quality development is a natural extension of what China has been doing for the past few ye ars. Now that the BRI is five years old, it’s about time to upgrade quality joint development,” he said. “China is trying to address the concerns that have been raised sinc e the last Belt and Road Forum two years ago. One of these concerns is the need for infr astructure projects to be more responsive to the local circumstancesRead More →

President Xi Jinping delivered a keynote speech at the opening ceremony of the Second Belt and Road Forum for International Cooperation in Beijing on Friday. Here are the highlights. Belt and Road opens up new space for global economic growth Joint building of the Belt and Road has opened up new space for the world’s economic grow th. It also created a new platform to boost international trade and investment, expanded new practices to optim ize the global economic governance, and made new contributions to improving people’s well-being of all countries. High-quality development of Belt and Road stressed The principle of extensive consultation, joint contributionRead More →

financing cooperation center has recently been established — jointly with eight multilateral develo pment institutions including the World Bank, Asian Development Bank and Asian Infrastructure In vestment Bank — to prepare for “high-quality” projects and promote international standards for BRI financing. Chinese financial institutions have provided more than $440 billion for BRI infrastructure projects. Renminbi-denom inated overseas investment funds amounted to over 320 billion yuan ($47.49 billion) and the Chinese capital mark et has helped companies raise 500 billion yuan through equity funding. BRI countries and companies have issued mor e than 65 billion yuan in Panda bonds in the Chinese onshore market, according toRead More →

terrorist cells and the soil that breeds them. Countries with different political and so cial systems should overcome any biases and abandon any double standard so as to form a united front against global terrorism. The atrocities in New Zealand and Sri Lanka show even countries th at seem to have a low risk of becoming the target of terrorists cannot remain immune to the scou rge. To win a battle against terrorism, the world needs to address both the symptoms and root causes of terrorism. In the end, instead of pointing fingers, it is essential that countries enhance both the effect iveness and efficiencyRead More →