贵族宝贝

Washington foolish to defy economics law and turns in the

The root cause for the repeated twists and turns in the China-US trade talks lies, to a grea

t extent, in the United States’ serious deviation from, and disdain for, the objective laws of econ

omics. The fact that China will never accept its unreasonable demands further complicates the matters for the US.

The US administration’s often competing and clashing objectives-though m

any of them are understandable-cannot be realized simultaneously. For instance, the U

S hopes to revive its industries and boost its real economy while maintaining the huge bubble in its financial market.

A dream called sustainable reindustrialization

Yet the US expends huge amounts of its resources just to maintain its mo

netary hegemony and thus ensure its financial sector offers higher pay and return on inv

estment compared with the real economy sectors, which helps it to maintain its advantage in

www.shejio.org

贵族宝贝

ese civilization greatly promotes progress of human civilization

China’s paper-making, gunpowder, printing, compass, calendar, philosophy and people-oriented view have exerted profound i

nfluence in the world and greatly promoted the development process of human civilization.

Chinese civilization is an open system formed during constant exchanges and mutual learning with other civilizations.

In the future, China will surely embrace the world with a more open p

osture and contribute more dynamic civilization achievements to the world.

Confidence of civilization urged

Asia should enhance confidence of civilization.

We should keep exchanges and mutual learning with other civilization

s in the world, and strive to continue writing new brilliant chapters of Asian civilizations.

We should consolidate the cultural foundation of jointly building Asian com

munity of shared future and a community with a shared future for humanity.

nqmqgh.cn

贵族宝贝

he premier attached great importance to such measur

asures as reducing the rate of the value-added tax, increasing the

tax exemption for research costs and reforming individual income tax.

The measures should not only ease the tax burden for manufacturing com

panies but also reduce taxes for construction enterprises, which provide a great num

ber of jobs, Li said, adding that all industries should be covered by the benefits of tax cuts.

Li pledged more efforts to urge government departments and State-owned e

nterprises to pay off their debts so that the effects of tax reduction are not diminished.

The government will take further measures to deepen reform and opening-up, en

courage innovation and entrepreneurship and promote fair competition, Li said, adding that com

panies should also seize the opportunity to promote high-quality growth.

pristinefood.org

贵族宝贝

Boosting rural areas will help solve dilemmas of ove

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 to increase the urbanization rate by at least 1 percentage point by the end of this year.

Shen Chi, vice-director of the China Center for Urban Development, said the government’s new

plan will help foster high-quality and sustainable economic development across the nation.

“Relaxing the hukou policy will be a key step in promoting the free flow of labor across

the nation,” Shen said. “A systematic consideration and arrangement of the integratio

www.oxkinp.cn

贵族宝贝

The company will consider adding employees, resear

rch and field development resources to expand in the Chinese market over the coming years, he said.

Ministry of Commerce spokesman Gao Feng said last month that the t

wo countries’ negotiating teams are hashing out the text of a deal, including an enfo

rcement mechanism, based on mutual respect and benefit. Both countries, the world’s two biggest eco

nomies, have been intensifying their consultations and aiming to break the deadlock in a timely manner.

In the ninth round of trade consultations, negotiators discussed tec

hnology transfers, protection of intellectual property rights, non-tariff measures, the servi

ce sector, agriculture, trade imbalances and enforcement mechanisms.

Trade between China and the US amounted to 815.86 billion yuan ($121.7 billion) i

n the first quarter of the year, an 11 percent year-on-year decline, according to the General Administration of Cus

toms. In March, Sino-US trade climbed 0.1 percent to 291.35 billion yuan, according to the administration.

qe86w.cn

贵族宝贝

They maintained that Belt and Road construction wi

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 live a better life, he said.

Xi also said BRI cooperation projects will be market-based. To ensure s

ustainable development, the leaders agreed to promote a level playing field for business com

munities and create a nondiscriminatory business environment, he said.

gzbbbbb.com

贵族宝贝

ent Xi Jinping speaks at the opening ceremony of the

hina will increase imports of goods and services on a larger scale. China will further lower its tariff rates.

China not to adopt beggar-thy-neighbor currency devaluation

China will continue to improve the exchange rate formation mechanism of its curren

cy, the renminbi, and keep the exchange rate generally stable on a reasonable and balanced level.

China establishes mechanism for fulfilling international agreements

China attaches great importance to the establishment of a constrain

t mechanism for the fulfillment and implementation of international agreements, and the modi

fication and improvement of laws and regulations in accordance with the need of further opening-up.

Fair treatment to Chinese enterprises, students, scholars abroad called for

All countries should create a sound investment environment, and treat Chinese e

nterprises, students and scholars abroad as equals. All countries should provide a fair and friendly envir

onment for them to carry out normal international exchanges and cooperation.

www.ax153.cn

贵族宝贝

Provincial growth tops expectationsroducts at a mach

Figures show faster Q1 development, signaling a healthy start for industries

Most provinces in China achieved faster-than-expected growth in the first quarter of 2019, reflect

ing the resilience of the country’s sprawling industrial economy, the country’s top industry regulator said on Tuesday.

Huang Libin, a spokesman for the Ministry of Industry and Information Technology, said at a news conference that 22 p

rovinces’ industrial growth rates from January to March were higher than their targets for the whole year and driven

partly by central and local governments’ favorable policies to accelerate supply-side reform.

Industrial output in Zhejiang province grew 8.9 percent year-on-yea

r in the first quarter, compared with the 7.3 percent it recorded for all of 2018 and faster

than its 2019 target, Huang said, without specifying the province’s growth goal.

“We are in the critical stage of industrial upgrading and seeking high-quality development. The upb

eat readings will continue boosting market expectations and confidence,” he added.

shlfbe.com

贵族宝贝

Shanghai aims to rev up car sales with trade-in subsidies

The city of Shanghai has become the first local government to answer the call of the central gove

rnment to promote automobile consumption by providing subsidies, since 10 mi

nistries and commissions of the country released six major methods of promoting car sales in January.

The official WeChat account of the Shanghai Municipal Government announced yesterday it will launch a car trade-i

n program, encouraging car owners to trade in their vehicles for new gas-powered cars complying with State-VI emi

ssions standards or new energy vehicles, according to a report by the 21st Century Business Herald.

The government will provide a subsidy of 10,000 yuan ($1,489) for a trade-in gas-powered

vehicle and 15,000 yuan for a trade-in new energy vehicle, the announcement said.

China’s automobile market saw a sales decline in 2018 for the first time

in 28 years, with passenger vehicle sales slumping for 10 consecutive months from last y

ear to March, according to the China Passenger Car Association. As the central government halved subsidies for new energy

vehicles this year, the promotion of car consumption depends more on local governments and enterprises.

shuyin-edu.cn

贵族宝贝

What really matters is what the initiative is all about and

 how the cooperation it has been bringing about can benefit those countries and regions involved and the world economy at large.

Being proposed by China, it is natural that China should have taken the lead in advancing the

Belt and Road, but it has always sought to make clear that the initiative is open and inclusive.

With more countries and international organizations getting involved, the initiative will undoubted

ly become a bigger and more diversified platform with increasing opportunities for multilateral cooperation.

Those who continue to speak ill of it, rather than presenting an obst

acle to it, actually do it a service by highlighting its possible shortcomings and the diffi

culties it may encounter ahead, which will better help the participants address them.

www.12xe6.cn