More steps needed to tackle debt problemscess shou

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 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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High requirements for mountaineering admission is anoth

High requirements for mountaineering admission is anoth

ther professional measure that relates to safety. Anyone without experience climbing mountains above 8,000 meters, and w

ithout adequate capability for independent movement is not allowed on Mount Qomolangma,” he said.

Both overseas and domestic climbers must apply as part of a team, not personally, he said.

Tibet installed a new ladder in a section of the climbing route in 2017, and provided c

limbing ropes as long as 6,000 meters along the path between a section at 6,600 meters and the summit at 8,844 meters.

Cleanup efforts on the mountain involve both environmental considerations and climbing safety. T

he work has become routine, said Tashi Gyatso, the deputy secretary of the regional government.

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

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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War hero, 95, a model for all, president saysng Fuqin

War hero, 95, a model for all, president saysng Fuqin

In a written instruction released on Friday, President Xi Jinping called on society to carry fo

rward the spirit and dedication of 95-year-old war hero Zhang Fuqing as China forges ahead in the new era.

Xi is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission.

Zhang, a native of Shaanxi province, behaved courageously in the Liberation War i

n 1948, repeatedly achieving military glory. He retired from active service in 1955.

Over the following decades, he kept his battle achievements a secret, even from his children. His story

was made public at the end of last year, as information about veterans nationwide was being collected by the authorities.

Xi hailed Zhang’s deeds, saying the elderly hero hid them for more than 60 years and stayed true t

o his original aspirations. As a soldier, Zhang defended the country; as a civilian, he works for the people’s well-being, Xi said.

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He cautioned that the government should have a clear

He cautioned that the government should have a clear

outlook on the long-term and complex characteristics of all unfavor

able factors both at home and abroad, and should prepare for all possible difficulties.

The most important thing for China is to focus on its own issues, X

i said, adding that joint efforts are needed to push forward reform and development.

Xi required governments in the central region to promote the high-quality development o

f the manufacturing sector and speed up the application of digital, internet and intelligent technologies in all areas.

More efforts are needed to promote independent innovation capabilities in key are

as, speed up developing core technologies with independent intellectual property rights, enc

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Central Committee decided to launch a campaign on th

Central Committee decided to launch a campaign on th

he subject of remaining true to the Party’s original aspirations and keeping its mission firmly in mind.

On Monday afternoon, Xi also visited the home of Sun Guanfa, a 71-year-old veter

an who is also a descendant of a Red Army martyr, at Tantou village, Zishan township.

Hearing that Sun’s family members had no difficulties in employment and education, Xi said as long as the people follow th

e Party’s leadership, China will definitely achieve great rejuvenation and the people will enjoy a better life.

“The Communist Party is dedicated to making the people happy, and the CPC Central Committee is making all efforts to b

ring about better lives for the people,” Xi said while visiting a greenhouse in the township.

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Both the digital industry and digitalization of other indu

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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Global index compiler MSCI will implement the first step

Global index compiler MSCI will implement the first step

 of the weight increase of China A shares in the MSCI Emerging Markets Indexes, according to a MSCI index review released on Monday.

Twenty-six China A shares, 18 of which are ChiNext stocks, will be added to the MSCI China Index and the inclusion factor for 238 existing consti

tuents will be increased from 0.05 to 0.10, the MSCI Equity Indexes May 2019 Index Review said.

China A shares will have an aggregate weight of 5.25 percent and 1.76 pe

rcent in the MSCI China and MSCI Emerging Markets Indexes, respectively, according to MSCI.

The weight increase of China A shares in the MSCI Emerging Marke

ts Indexes will be implemented through a three-step process, the report said.

The Foreign Inclusion Factor-adjusted market capitalization of China

A shares will be further raised to 0.15 as part of the August 2019 Quarterly Index Review and

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ons of people and reshape the physical world, and

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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