e more overseas investors in. The cross-border trade and investment will be more free and convenient, said Pan. He called China’s economy stable, as the major economic indicators were within a reasonable range. In April, the National Bureau of Statistics said the purchasing ma nagers’ index for the manufacturing sector stood at 50.1, indicating expansion as the reading was above 50. The broad money supply, or M2, increased 8.5 percent year-on-year by the end of April, compared with 8.3 percent a year earlier. “The prudential monetary policy was focused on countercyclical adjustments this year, maintaining flexibility as well as ample liquidity to promote fast growthRead More →

said it would be adding Huawei and its 70 affiliates to an Entity List, which will ban the compan y from buying parts and components of US companies without prior government approval. Gao Feng, spokesman for the Ministry of Commerce, said at a briefing that the con cept of national security “should not be used as a tool for trade protectionism”. “China strongly opposes other countries imposing unilateral sanctions on Chinese entities,” Gao said. He called on the US to stop its wrongful behavior and make more efforts to create conditions for normal international trade cooperation. Huawei has been increasing its 5G commercial contracts worldwide,Read More →

 decade is likely to be driven by greater global financial sector integration,” said Alfred Schip ke, the International Monetary Fund’s senior resident representative for China. Chinese students are increasingly diversifying their choices of destinations for overseas stud ies, with more students choosing to go to the United Kingdom, Australia and Canada, a new report showed. In a multiple choice survey for the annual Report on Chinese Students’ Overseas Study, released on Tuesday, while the United States remains the most popular destination for overseas study this year, pref erred by 43 percent of the respondents, this was down by 8 percentage points compared with 2015. USRead More →

She added that 28 passengers are now in the airport terminal, and five have been taken to a hospital. A group of experts trained in providing psychological assistance to survivors and relatives of victims has been sent to the airport. President Putin has offered his condolences over the incident. Kremlin press secretary Dmitry Peskov said Putin has ordered “th e most thorough investigation” to find out the cause of the disaster. According to Russia’s ITAR-Tass News Agency, a criminal case was opened after the incident on charges of violating flight safety rules. Markovskaya said a commission headed by Russian Transport Minister Yevgeny Dietrich is workingRead More →

rcrowding and rampant construction plaguing cities, and the development of cities will also offer unique ways to bring about rural revitalization,” Chen said. “As restrictions on hukou will gradually be removed, cities need to be well-prepared to offer accommodation and employment opportunities, and allow children of migrant workers to have equal access to education,” Chen added. China has made steady progress in urbanization, as the ranks of permanent urban r esidents stood at 831 million at the end of 2018, up 17.9 million from the previous year, said the National Bureau of Statistics. Last month, the National Development and Reform Commission said it plans toRead More →

A team of 16 federal investigators was traveling to Jacksonville, Florid a on Saturday after a Boeing jetliner with 143 people on board slid off a runway into a sha llow river while trying to land at a military base during a thunderstorm, injuring 21 people. The Boeing 737-800 chartered by the US military was arriving from Na val Station Guantanamo Bay in Cuba with 136 passengers and seven crew members when it slid into the St. Johns river at the end of the runway at Naval Air Station Jacksonville, authorities said. No one was badly hurt and the 21 people taken to a hospitalRead More →

China and Nepal should strengthen cooperation on infrastr ucture construction and continue to promote the construction of the China-Nepal c ross-border economic cooperation zone, President Xi Jinping said in Beijing on Monday. Xi made the remark during his meeting with his Nepali counterpart, Bidhya Devi Bhandari, who is on a nine-day state visit to China. China greatly values its ties with Nepal, and supports Nepal in maintaining its national independence, state sovereignty and te rritorial integrity as well as exploring a path of development that suits its national conditions, Xi said. Also, China appreciates Nepal’s firm and long-standing support over issues related to China’s coreRead More →

ful initiative, and credited the initiative for connecting countries from different regions, with different nationalities and cultures. The BRI will provide a strong impetus for global economic growth and prosperity, he added. Switzerland supports the BRI and commits to promoting the initiative in Europe, Maurer said. He added that the country hopes to deepen bilateral cooperation in trade, investment and innovation with the initiative’s framework. China and Portugal signed a series of cooperation documents on Monday — includin g a framework agreement on third-party market cooperation — to strengthen their bilateral ties. President Xi Jinping and Portuguese President Marcelo Rebelo de Sou sa witnessed theRead More →

 transit. According to NBS preliminary estimates, the share of consumption of clean energy such as natural gas, hydropo wer, nuclear power and wind power in total energy consumption in the first quarter was 1.5 percentage points hi gher than that of the same period last year. Energy consumption per unit of GDP went down by 2.7 percent year-on-year. Total investment in fixed aassets grew by 6.3 percent, with private invest ment growing at 6.4 percent, slightly faster than the overall number. This is es pecially significant in the light of last year’s fears that private investment in the econo my might collapse. So, the government’sRead More →

nts to visit China in the future.Kendra Le, a Niles North freshman, was thrilled about Xi’s response letter, the Chicago Tribune reported. “I was surprised, very surprised,” Le was quoted in the report as say ing. “It was an honor to receive a letter from him. It was really nice getting a letter from him.” The report also said that Zhao Jian, the Chinese consul general in Chicago, personally delivered the letter to a gathering of students enrolled in Chinese classes at Niles North on April 3. Serena Meyers, a Niles North senior taking her first year of Chinese after thr ee terms of Spanish,Read More →