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 248.83Read More →

After voting by all members of the defense committee, it is suggested that the university academic degree comm ittee award her the master’s degree,” the chairman of the defense committee announced. Cheng Hao said he was deeply touched watching his sister’s over 40-minute of thesis defense. “T he doctors said others would have collapsed due to the unbearable pain and a body that can’t move.” “My sister was exhausted yet excited after the defense. It gave her enormous confidence. She will keep on reha bilitation training, get up someday and get back on track,” said Cheng Hao.Chinese people consume 2 trillion y uan ($289.85 billion)Read More →

quality food security system that is more efficient and more sustainable to guarantee the nation’s grain reserves, the statement sai The US government is the one to blame for its self-contradictory actions that have led to escalating trade frictions with China, the Ministry of Commerce said on Thursday. The US government has been sending self-contradictory signals, by saying that the two countries will soon reach an agreement and then saying that it is not ready, said Gao Feng, the ministry’s spokesman. US President Donald Trump said on Monday in Japan that Washington isn’t ready to strike a trade deal with China, but he’s leaving openRead More →

ched a total volume of over 31 trillion yuan ($4.5 trillion), or 34.8 percent of its GDP, in 2018. Yang Xiaowei, deputy head of the Cyberspace Administration of China, also called for more efforts to develop the homegr own big data sector and highlighted that stepping up research and development is key to mastering core technologies. Paul Romer, co-recipient of the 2018 Nobel Prize in economics and profe ssor of economics at New York University, said he is impressed by China’s proposal in cyb er sovereignty which he understands as: Each nation must be able to write and enforce its own laws that reg ulateRead More →

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 rawlingRead More →

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 ofRead More →

 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 EmergingRead More →

ent Malaysian Prime Minister Mahathir Mohamad’s championing of Asian values as the ideal way to govern their countries. Lee and Mahathir maintained that in Asia, social order and strong governance are keys to a stable and wealthy society. This type of governance succeeded in fostering rapid growth in Singapore, Malaysia, South Korea and China. Sant arita said strong Asian leaders are effective because they serve their constituents and value mutual respect and discipline. Analysts said the Asian emphasis on community and harmony can help resolve some of the wo rld’s most pressing international issues such as territorial disputes, climate change and sustainable economic development. SantaritaRead More →

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 initiativeRead More →

 flying a remote-controlled model aircraft, which intrigued him and brought back his fantasy. He immediately bought a model aircraft for himself. Ho wever, due to his lack of basic knowledge in operating it, he broke the aircraft that same day. “I tried very hard to fix it but failed,” he said, adding that he was then d etermined to make himself an expert. He began to study online and made friends with many dieh ard fans. After half a year, he was able to make modifications on model aircrafts. With drones becoming mainstream in China, Zhao decided to s et up his own company inRead More →