Tag Archives: 上海可乐群

Liu’s article was published in Qiushi Journal, a flagship m

magazine of the Communist Party of China Central Committee. He said more efforts a

re needed to implement the proactive fiscal policy and boost efficiency this year.

Preventing and defusing local governments’ hidden debt risks is key to controlling major risks, he said.

Innovative financial tools will be introduced for debt swaps, and the indebted comp

anies will be allowed to choose the same way, under guidance from the local governments, Liu Shangxi, hea

d of the Chinese Academy of Fiscal Sciences, the Ministry of Finance’s think tank, told China Daily.

“The total amount of hidden debt waiting to be swapped has not yet been calculated, as this

round of debt swaps will not involve the government’s administrative orders, but depends on the ma

rket’s appetite based on the evaluation of the potential default risks and the companies’ solvency,” he said.

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Now that it has reached middle-income status, China’s eco

nomic strategy will focus on creating a highly competitive domestic market that forces com

panies to produce high-value goods so they can pay high wages to highly skilled people.

Because of its long experience in manufacturing, much of tha

t push will be focused on higher value-added production, using the new technologies of r

obotics, artificial intelligence, the internet of things and 5G. This is the only way to avoid the middle-income trap.

The reform and opening-up policies are exactly the kinds of market-driven reforms

needed to make this happen. The Chinese government is investing heavily in research and development, but it sho

uld be noted that the R&D spending as a percentage of GDP is still lower than that of the US.

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Not only are there missing links on the causality chai

 between long-term structural factors and actual economic performance, it is also unclear how long those factors would take to constrain GDP growth to a part

cular level. In fact, 20 years ago, the same long-term factors were used to warn of a possible fall in Chinese GDP growth.

Because of the complexity of China’s growth trajectory, many economists seem to base their assessments of potenti

al on performance. After every drop in China’s GDP growth since the second quarter of 2012-when growth fell be

low 8 percent-economists have emerged to declare that performance was in line with potential.

Difficult to determine potential growth rate

To be sure, there are various estimates of China’s potential growth rate, ranging from 5 perc

ent to 8 percent. But it is difficult to determine which is reliable. For one thing, there is reason to believe that

most estimates fail to discount cyclical factors adequately when calculating the long-term trend.

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Embrace exhibition through greener lifestyle at the

The Beijing International Horticultural Exhibition opened just two days before the May holiday, giving

the public a close-up view of state-of-the-art gardens created by horticulturists from around the world.

China hosted a similar exhibition in Kunming, Yunnan province, in 1

999. In the two decades since, the social and economic situations in China have unde

rgone tremendous changes. A growing awareness of environmental protection is one of them.

Two decades ago, the Chinese people embraced the Kunming horticu

ltural show as a novelty and curiosity because the countr

y at that time did not have many opportunities to host large international gatherings.

Economic development at the time was the top priority of the country,

which explains why the news media were so interested in reporting that 15 billion yu

an ($2.23 billion) in economic and trade deals were inked during the exhibition.

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Using a variety of advanced technologies-augmente

 reality, artificial intelligence, virtual reality and human-computer interaction-scenes are create

d based on ancient Chinese classics, such as the Classic of Mountains and Seas, in which mythical an

imals appear in forests, lightning flashes, thunder rumbles, wind blows and rain pours.

Visitors can experience primeval nature in a part of the exhibition developed by the Beijing World Horticultural Expo Co

ordination Bureau and the Chinese Academy of Sciences’ Institute of Automation.

In addition, visitors can experience what it’s like to ride in an autonomous vehicle. Three driv

erless vehicles developed by Baidu-two with eight seats and one with four seats-offer rides in the park.

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Sixteen experiment racks will be installed in the core

 module, and two lab capsules of the space station and an extravehicular experiment platform will be built. Each rack i

s regarded as a lab that can support various space experiments, and astronauts can upgrade and replace the facili

ties. In addition, a capsule holding a large optical telescope will fly in the same orbit as the station, according to a report by Xi

nhua News Agency, quoting the Technology and Engineering Center for Space Utilization of the Chinese Academy of Sciences on Wednesday.

Di Pippo said opening up the space station to the world, especially to developi

ng and emerging countries, is a good example of China’s will to enhance international cooperation in space missions.

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India’s richest man put his brother out of business. Now he’s

  India’s richest man just helped his cash-strapped younger brother avoid months in prison by paying off debts worth tens of millions of dollars.

  The gesture by Mukesh Ambani to bail out his brother, Anil, is the latest twist in a sibling saga that has gripped India’s t

elecommunications industry. A price war started by Mukesh in 2016 nearly put Anil out of business a year later.

  Last month, India’s top court ordered Anil Ambani and his company, Reliance Communications, to pay a 5.5 billion rupe

es ($80 million) debt to Swedish mobile firm Ericsson (ERIC) by Wednesday or face three months in jail.

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  By Monday, the deadline was looming and the debt remained unpaid. Then Mukesh Ambani, who’s estimated to be worth more than $50 billion, stepped in.

  Reliance Communications said in a statement late Monday that it had made the paym

ent to Ericsson in full, with Anil Ambani thanking his brother and sister-in-law for their help.

chinaherb.cc

hinese President Xi Jinping sent a message of condolenc

to New Zealand Governor-General Patsy Reddy on Friday over the deadly shooting incidents earlier Friday in New Zealand’s Christchurch City.

In his message, Xi said he was shocked to learn about the serious shooting incidents which have caused heavy casualties.

On behalf of the Chinese government, the Chinese people and in his ow

n name, Xi expressed deep sympathy with and sincere condolences to the New Zealand gov

ernment and the New Zealand people, while expressing grief for the victims and wishing the injured an early recovery.

Also on Friday, Chinese Premier Li Keqiang sent a message of condolence to New Zealand Prime Minister Jacinda Arder

n, expressing grief for the victims while extending sincere sympathies to the injured and the bereaved families.

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More than 61,000 people were indicted in connectio

n with related crimes last year, and a group of mafia-like gangs that had been bullying people were punished.

Faced with an increase in crimes that harm minors in recent years, the top procurato

rate and all provincial-level procuratorates have established special prosecutorial departments to handle cas

es involving minors — the first such practice among all judicial agencies in the country, Zhang said.

A total of 1,761 chief procurators across the country have held concurrent posts as vice-principal

s of primary or middle schools in charge of education about the law and to ensure a safe campus, he said.

To better handle petitions from the public, the top procuratorate has instructed prosecuting

authorities to put themselves in the place of the petitioners and provide feedback on each petition within seven days.

bbdq.com.cn

He made furniture like a bed, a door, a window and a

bamboo lamp by hand. He even learned how to sew and make curtains out of cloth. Fina

lly, he painted the interior wall white and another cartoon character — Monkey D. Luffy from One Piece — outside.

On March 10, the cement pipe room was done. The pipe is 2.6 meters in dia

meter and has a living area of 5 square meters, enough to accommodate a couple and their child.

The videos recording his progress have attracted lots of followers, and one clip even drew more than 10 million views. A num

ber of netizens have given him a thumbs-up after watching his step-by-step home building series. One commented: “I have watched all the vid

eos from Day-1 to Day-45. You are truly an ingenious man and good with your hands.”

Long said there will be a cluster of 20 special home inns in his future plans, each w

ith a different theme — and a camouflage military-themed one has already begun preparations.

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