This quarter’s data show that China is avoiding this

This quarter’s data show that China is avoiding this

The consumer inflation rate was 1.8 percent year-on-year and produce

r prices went up only 0.2 percent. A standard rule of thumb used by central bankers wor

ldwide is that the inflation rate should be targeted at about 2 percent per year

. This rule is actually built in to the mandate of the European Central Bank. So, the stable monetary policy of the Peop

le’s Bank of China, the nation’s central bank, is working.

The March unemployment rate in urban areas was 5.

2 percent, slightly below the level last year. Most economists define “full employ

ment” as anything below 6 percent, so we are not seeing significant pro

blematic unemployment even during a period of major economic transformation.

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The zone is located in a labor-intensive area in Cambodi

The zone is located in a labor-intensive area in Cambodi

 which means the project will provide a large number of jobs to lo

cal communities,” he said. “It is expected that up to 100,000 to 200,000 locals will be d

rawn to the new economic zone after its completion. They will rise out of poverty by working in this zone.”

The project will be beneficial to both China and Cambodia, Qian said.

“Many Chinese companies go overseas to expand their businesses. However, because of a la

ck of experience and related knowledge, most of them face huge obstacles abroad,” he said. “Our company has done overseas business for mo

re than 40 years and will provide a familiar business environment for other Chinese companies in the new economic zone.”

Some Chinese companies have decided to join the investment in the ne

w Cambodia project, Qian said, adding that in his opinion, a company should follow the nati

onal policy and direction such as Belt and Road Initiative while being profitable at the same time.

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Sinosure, established in 2001, said that it has suppor

Sinosure, established in 2001, said that it has suppor

rted Chinese companies export or invest in countries and regions involved

in the Belt and Road Initiative to a total of value $724 billion by the end of March, since 2013.

It has set up more than 2,300 insurance policies for projects that Chinese companies are carrying out in countries involve

d in the Belt and Road Initiative, and has paid a total of $2.8 billion in insurance claims to Chinese companies.

The Belt and Road Initiative, proposed by China in 2013, aims to build stronger links among countries across the globe.

Guan Wenfeng, assistant general manager of Sinosure Fujian bra

nch in Fujian province, said that about 10 years ago he needed to keep telling companies tha

t have international business or want to invest overseas what policy-oriented insurance products are. But gradually m

ore companies started contacting Sinosure to find out about insurance services for investing overseas.

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A total of about $786 million was poured into the

A total of about $786 million was poured into the

project, 95 percent of it provided by China through preferential and b

uyers’ loans. China Export and Credit Insurance Corporation, a State-funded policy-oriented i

nsurance company, provided insurance services for the project, which helped the local government sacure $680 milli

on in business loans from Chinese banks, greatly reducing pressure on the project’s financing.

Mozambique’s President, Filipe Jacinto Nyusi, had long nursed ambitions of one day seeing a bridge lin

king Maputo city center and Katembe, and when it was finally opened in November he said it wou

ld greatly facilitate transport and connectivity between Mozambique and other parts of Africa.

Wang said the bridge will give great economic stimulus to Katembe, long underdeveloped because of its poor tran

sport access. It also eases demographic pressures on Maputo, a city with a population of 1.7 million.

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Xi’s speech draws positive reactions at Second Belt and Road

Xi’s speech draws positive reactions at Second Belt and Road

Editor’s note: 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.China is going to open much more as it did before f

or foreign investment, and this is quite important for the whole initiative.

Here is a collection of comments from foreign ministers, delegates, and reporters attending the forum.

President Xi offered a vision of the Belt and Road Initiative t

hat inspires confidence in us, especially as small island developing states.

Facing challenges such as global warming and lack of development

financing, we in the Caribbean region welcome the opportunities presented by the initiative.

President Xi must be commended for his visionary leadership an

d his boldness in offering a new path for a brighter and shared future.

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President Xi’s speech emphasized on broadening China

President Xi’s speech emphasized on broadening China

 Belt and Road Initiative and creating a global image of this initiative, so that there will

be more connectivity and more trust in this international intercontinental project.

I am from Afghanistan and we have a lot of opportunities for China’s investments. China is trying to in

vest in our railway network, which is a very promising way to create a corridor to the Central Asia. Then

Afghanistan can provide a very safe connection from China, Central Asia to the rest of the world.President Xi’s speec

h was very impressive. He spoke on opening all the economy of the world and working against protectionism. He also said

to make more efforts to give a better quality of Belt and Road Initiative to connect all the other countries. I’m very op

timistic with the progress on the Belt and Road Initiative and I hope more countries will participate in the initiative.

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In terms of transportation methods, high-speed train is

In terms of transportation methods, high-speed train is

 preferred by travelers for the four-day vacation. In most cases, it takes travelers under five hours to get to their destinations.

In addition Shanghai’s Disney theme park, Guangzhou’s Chimelong Safari Park and Cho

ngqing’s Hongyadong were predicted to be the hottest three tourist attractions on the Chinese mainland.

Two thousand years ago, the ancient Silk Road opened the door for Chengdu to connect with th

e rest of the world. Now, fueled by the Belt and Road Initiative, the city again stands at the forefront of ope

ning-up, developing its industries, creating value and making innovations on the global stage.

The first freight train from Luxembourg to Chengdu departed on April 4. The train, branded under the “China Railway Express” bann

er, passed through Germany, Poland, Belarus, Russia and Kazakhstan, and then entered China through the Al

ashankou port in the Xinjiang Uygur autonomous region. The travel time, from start to finish, was 15 days.

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By now, China Railway Express (Chengdu) has linked

By now, China Railway Express (Chengdu) has linked

overseas cities and 14 Chinese cities. It has seven international railway ch

annels and five international rail-sea combined channels to further open up the city.

Six years ago, when the initiative was put forward, Chengdu opened the first direct freight railway to reach L

odz in Poland, bridging a gap to link to Europe. Through the logistics channel, the products and servic

es from Chengdu were exported to meet the demands of countries and regions involved in the initiative. It beca

me an important platform for Chinese companies to go global and for foreign capital to be introduced.

For example, China Railway Express-Skyworth Express, with 41 full containers of televisio

ns and accessories, left Chengdu International Railway Port to reach Europe in March.

The express provided a more convenient channel for Shenzhen-ba

sed television manufacturer Skyworth Group to enter overseas markets.

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It’s Xinzhu’s first overseas production base, marking

It’s Xinzhu’s first overseas production base, marking

 the first step of its overseas development.Du Xiaofeng, vice-president of the company, said it aims to serve members of the Commonweal

th of Independent States, the Eurasian Economic Union, and other Middle East and European marke

ts. He said the company will adopt localized management and hire a large number of Belarusian employees.

The company also introduced the core technology for medium- and low-speed maglev traffic system f

rom German company Max Bogl Group and put it into local production. Its production line is expected to be completed in June.

“Our overseas outreach has gradually transformed from technological and academic com

munications to capacity cooperation,” said Hu Jishi, senior counselor and technical director of the company.

More BRI-related countries and companies have found

business potential in Chengdu. The Sino-German small and medium-sized enter

prises cooperative park, Sino-French ecological park, Sino-Italian cultural innovation park, Sino-South Korean innovation and

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Information from the Manned Space Agency shows

Information from the Manned Space Agency shows

Information from the Manned Space Agency shows the core mod

ule, Tianhe, with three parts-a life-support and control section, a resource

s section and a connecting section. It will be equipped with three docking hatches reserved for visiti

ng manned or unmanned cargo spacecraft, and two berthing locations used

to connect with space laboratories. There will also be a hatch for astronauts’ to exit for exterior activities.

The module will be 16.6 meters long with a diameter of 4.2 m. It will b

e central to the space station’s operations, as astronauts will live there and control the enti

re station from inside. The module will also be capable of hosting scientific experiments.

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