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Top economic planner bullish on reaching annual growth

China’s economy, despite headwinds, has enjoyed a good start in the first quarter of 2019, and the country has the confide

nce to achieve the annual projected growth goal, said the country’s top economic planner.

“The first quarter’s stable economic development has laid a solid foundation for the an

nual growth,” said Yuan Da, spokesperson with the National Development and Reform Commission.

“The economy has stayed on the track of steady growth. We have the confidence, conditio

ns and capability to meet the projected targets for economic and social development this year.”

Yuan made the remarks at the NDRC press conference on Thursday in Beijing.

According to data from the National Bureau of Statistics, China’s economy expanded at a faster-than-expected 6.4 perce

nt year-on-year in the first quarter. The growth was unchanged from that in the fourth quarter in 2018.

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On the basis of the four China-Japan political documen

s and in the spirit of seeing history as a mirror as well as facing the future, the two nations sho

uld continue to work toward the long-term, healthy and stable development of bilateral relations, he said.

As major economies in the world, China and Japan both support free trade and obey WTO rules, Li said.

He also welcomed Japanese businesses to expand investment in China

as the country will continue to unwaveringly deepen reform and expand opening-up.

China stands ready to move forward with talks with Japan and other rel

ated parties to further the negotiations regarding the Regional Comprehensive Econo

mic Partnership as well as the China-Japan-Republic of Korea Free Trade Agreement, he said.

Li also voiced China’s support for Japan’s hosting of the G20 Summit, which is slated this year

to be held in Osaka, and he hoped it would inject fresh impetus into global economic growth.

Kono expressed his appreciation for efforts made by the Chinese premier in helping return bilateral relations to the right track.

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he monetary policy should “maintain strategic focu

cus”, keeping it prudent while the liquidity should be at a reasonably adequate level, it said.

Financial policies are required to further support small and private companies, and fun

ding through the capital market is supported by the authorities, according to the statement.

The central bank had skipped open market operations for 15 conse

cutive working days until Monday. “Reasonable and adequate liquidity in the banking syste

m” was the main reason for the absence of open market operations, according to a statement from the central bank.

To cut or not to cut the RRR, a strong tool for liquidity adjustm

ent, has become a hot topic since April, not only for investors, but also for policy advisers.

Divergent opinions are spreading among a broader group of market observer

s. The market is trying to get more indications from the monetary authority, although the C

hinese central bank barely sends any hints on possible monetary policy operations before taking action.

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It’s time high-tech and internet companies designed a reaso

onable salary system to motivate their employees to give full play to their creativity and pro

ductivity, instead of forcing the workers to work long hours without adequate remuneration.

Chinese internet firms should learn from the managerial experiences of their foreign counterparts such

as Google and Facebook to incentivize their staff if they want them to work overtime and improve their productivity.

Huang Wei, a lawyer at Zhejiang Shenggang Law FirmWorkers’ rights and interests must not be compromised

The average leisure an average Chinese person enjoys is 2.27 h

ours a day compared with about 5 hours in developed countries suc

h as the United States, according to a research conducted by the Chinese Academy of Social Sciences.

Due to the “996” schedule in some high-tech and internet companies, the workers have even less leisure time, which affects not only t

heir daily life but also their health. Worse, many workers don’t even get paid for the extra work they do.

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Premier Li signs revised regulation on gov’t informati

Premier Li Keqiang has signed a revised regulation on the disclosure

of government information to better respond to public concerns.

The revision, based on the 2008 version, is aimed at increasing openness of government

affairs and resolving prominent problems in government information disclosure.

It also represents the headway and achievements made in this field over the past years and clarified the scope of governm

ent information disclosure, calling for constantly expanding information disclosure.

Stressing the need to improve the legal rights and interests of the a

pplicants and related parties when applying for information disclosure in accordance with pr

ocedures, the revision also made necessary stipulations on the improper exercise of application rights by a small num

ber of applicants affecting the normal conduct of government information disclosure.

Efforts should be made to improve the effectiveness of government information disclosure by using information techn

ology, to enable government information to play its due role in serving the people, it added.

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The plan calls for integration of AI with mathematics, st

, statistics, physics, biology, psychology and sociology, among other disci

plines. It promotes the “AI + X” interdisciplinary approa

ch in universities and aims to set up 100 majors that combine AI and other subjects by 2020.

Many Chinese universities have set their sights on improving AI education and nurturin

g more AI talent and have established new AI departments and research institutes.

Tsinghua University established an AI institute in 2018 as p

art of its efforts to advance AI research and education.

Aiming to become a globally influential AI research institution, the institute focuses on the basic theory of AI and activ

ely promotes cross-disciplinary AI research as well as the integration of academia and industry.

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Underscoring the increasingly important role of railw

way in social and economic development, leaders from China and the CEECs voiced support fo

r moving forward practical cooperation in the development of the China-Eur

ope Land Sea Express Line and making use of European Union (EU)-Chin

a Connectivity Platform to promote development of intermodal freight transportation.

Taking note of the Three Seas Initiative, the participants to the leaders’ meeting expressed their welcome to port cooperat

ion between China and the CEECs, including the opportunities deriving from inland waterways and the interm

odal connections to further enhance the cargo transportation between Asia and Europe.

Leaders from China and the CEECs also expressed their willingness to explo

re the possibilities of establishing a China-CEEC Customs Information Center in Hungary and

their support for the holding of the 5th China-CEEC Transport Ministers’ Meeting in 2020 in Croatia.

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Chinese Bridge Chinese proficiency contest in Univers

Some of the winners will represent Latvia in the 2019 Chinese Bridge competition for universities

and middle school students in China where they will compete with Chinese language learners from all over the world.

Latvia has made remarkable progress in teaching and learning Chinese in recent years, with the succes

sful 16th Chinese Bridge competition taking the promotion of the Chinese language and culture to an even highe

r level in Latvia and strengthening cultural ties between the two countries even more.

The 16th “Chinese Bridge”, was organized by Confucius Institute at the

University of Latvia in cooperation with various education institutions in Latvia.

China’s last female Yangtze giant softshell turtle (Rafetus swinhoei) died on Saturday after an a

rtificial insemination at the Suzhou Zoo in East China’s Jiangsu province. Now, only three remain in the world.

An international research team carried out the fifth artificial insemination for the female turtle on Fri

day, but the animal did not recover from the procedure, even though researchers spent hours trying to save its life.

The dead female turtle is believed to be over 90 years old; Suzhou Zoo’s male turtle is over 100 years old.

lunran.cn

The import exhibition will be held in the first and thi

rd phases, with 1,000 booths booked by 650 enterprises from 38 countries and regions.

The first phase of the import exhibition has 616 booths displaying electronics and home appliances, build

ing materials and hardware and mechanical equipment. There will be 384 booths in the third phase, m

ainly displaying food and beverage products, household goods, fabrics and home textiles.

Xu Bing, a spokesperson for the Canton Fair, said on Sunday that the 124t

h fair received exhibitors from ten countries and regions. According to Xu, a chamber of com

merce from Istanbul said the fair had helped many Turkish enterprises explore the global market.

“Design for trade” will be a highlight at the upcoming fair. About 100 design companies and institut

ions from 15 countries and regions, including the United States, Germany, France, Italy, Austr

alia, the Republic of Korea and Japan, have registered to participate in the design exhibition at the fair.

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Kim, while stressing the importance of solving prob

lems through dialogue and negotiations, also underlined that he does not accept “the American style of

dialogue” which imposes the United States’ unilateral demands upon its dialogue partner.

Kim said the United States is hinting at holding

a third DPRK-US Summit, but what happened in Hanoi “is not inviting” to the DPRK.

However, Kim also mentioned his good relations with Trump. “As P

resident Trump keeps saying, the personal ties between me and him

are not hostile like the relations between the two countries and we still maintain good relations.”

At the end of the speech, Kim said he hoped that the United

States would decide wisely and that the confrontation betw

een the two countries will be brought to a complete stop.

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