And given that the other major economies are using fre

e trade zones上海千花网品茶微信j as a strategic means to play geopolitical and geo-economic games, China should accelerate the b

uilding of free trade zones with other countries under the bilateral or multilateral investment ag

reement framework for a diametrically opposite purpose: boosting global economic cooperation.

The focus of international trade policy has shifted from tariffs and licensing to convenient inves

tment and trade facilitation policies, and creating of a business-friendly climate. So while ope

ning up the domestic market and helping improve the utilization of foreign capital, China should also work out de

tailed rules on the foreign investment law, take steps to remove the obstacles to outbound Chinese investments, promote th

e free flow of global and domestic production factors, and expand its economic development space.

Important to reform global governance system

To stabilize the economy and prevent risks, China should seek more govern

ment-funded infrastructure investment projects in fields such as 5G networks, intellig

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hina spends heavily on government-subsidized housing

China’s fiscal sp上海419论坛女神会所ending on government-subsidized housing saw a rapid increase in 2018 am

id government efforts to curb housing speculation and improve people’s livelihood.

Fiscal expenditures on government-subsidized housing projects totaled 737.2 billion yu

an ($107 billion) last year, up 46.4 percent year-on-year, the Ministry of Finance said in an online statement.

The funds helped the renovation of 6.26 million shantytown units in u

rban areas and 1.9 million dilapidated houses in rural areas, and supported the co

nstruction of the matching facilities for 300,000 public rental housing, the ministry said.

The ministry vowed to strengthen supervision and management of the funds for government

-subsidized housing in 2019, and standardize the financing for shantytown renovation projects.

The country saw stable housing prices last year amid government co

ntrol policies under the principle of “houses are for living in, not for speculation.”

www.qiancengdian.cn

Xi to visit Kyrgyzstan, Tajikistan, attend A summits

President Xi Jinping will pay state visits to Kyrgyzstan and Tajikistan f

rom June 12 to 16, a foreign ministry spokesperson announced Sunday.

From June 12 to 14, Xi will pay a state visit to Kyrgyzstan and attend th

e 19th meeting of the Council of Heads of State of the Shanghai Cooperation Or

ganization (SCO) to be held in the capital city of Bishkek, Spokesperson Lu Kang said in a statement.

From June 14 to 16, Xi will attend the fifth summit of the Conference

on Interaction and Confidence Building Measures in Asia (CICA) in Dushanbe, t

he capital city of Tajikistan, and pay a state visit to the country, Lu added.

Xi is paying the visits at the invitation of Kyrgyz President Soo

ronbay Jeenbekov and Tajik President Emomali Rahmon, according to Lu.

www.gzbbccc.com

Jinping takes questions at the 23rd St. Petersburg Interna

上海乌托邦品茶微信Speech in St. Petersburg highlights global teamwork, BRI coordination

President Xi Jinping reaffirmed China’s stance on promoting the process of economic global

ization and maintaining the multilateral trading system at a forum held in Russia on Friday.

China would like to share its most advanced scientific achievements with the world, inclu

ding 5G technologies, and jointly cultivate new core competitiveness and share its economic growth model, Xi said.

The president made the remarks in a speech at the plenary session of the 23rd St. Petersburg International Economic Forum.

Xi said that China will continue to deepen its reform and ope

ning-up, ease market access and build a market environment with fair competition.

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China Baowu Steel Group Co Ltd, State Power Investme

ent Co Ltd, and China Shipbuilding Industry Corp, accordin

g to data from the State-owned Assets Supervision and Administration Commission.

David Lipton, the International Monetary Fund’s first deputy managing director, sa

id: ” (China’s) Credit growth and corporate debt have been reduced thanks to concerted efforts to strengthen fin

ancial regulation, reduce regulatory arbitrage, and improve the framework for financial supervision.”

His statement came after the IMF published a report forecasting that China’s economic growth is expected to mo

derate to 6.2 percent this year, down from 6.4 percent in the first quarter, as uncertainty around trade tensions re

mains high and risks are tilted to the downside. Inflation, in the meantime, is projected to rise to 2.3 percent.

7893515.cn

inping before their talks at the Kremlin in Moscow, Ru

In a written statement released after his arrival in Moscow for the three-

day visit to Russia, Xi said China and Russia have created a role model of peaceful coex

istence and win-win cooperation between neighboring countries as well as between major world powers.

In a joint interview with the TASS Russian News Agency a

nd the Rossiyskaya Gazeta newspaper ahead of the visit, Xi said the two countries have alw

ays firmly supported each other on issues regarding their respective core interests and major concerns.

The president called on the two countries to enhance support for each other, seek greater synergy between their dev

elopment strategies, expand areas of cooperation, and play a more constructive role in international aff

airs.resident Xi Jinping and his Russian counterpart Vladimir Putin head for the venue of their talks in Mosc

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White paper: US backtracks on its pledgesington’s dema

The United States should take responsibility for the setback in economic and tra

de consultations with China, a government white paper said, warning that “red lines” cannot be crossed.

The US government has backtracked on its commitments three times in the trade negotiations with

China and should bear sole responsibility for the stalled progress, the paper said on Sunday.

The white paper, “China’s Position on the China-US Economic and Trade Consultations”, was

released by the State Council Information Office. It came amid ongoing tension between the world’s two largest economies.

Speaking at a news conference on Sunday, Vice-Minister of Commerce Wang Shouw

en said China is willing to work together with the US to find solutions concerning differences on the eco

nomic and trade fronts, and to reach a mutually beneficial and win-win agreement.

ypidv.cn

Students to be vital cogs in travel sectordents born betwe

College students born between 1995 and 2000 are becoming a vital new part of the dynamic travel market in China, with most of th

e young students making their first summer trips after enrolling in colleges, a new study said.

Though the motivation for making tours is relatively high among college students, their choices are

limited due to economic constraints with price being the major criteria for booking flight tickets, said the stud

y conducted by Qunar, an online travel firm owned by Ctrip, China’s largest online travel agency.

During summer vacations, students tend to choose flights that depart b

tween midnight and 2 am, as well as between 5 am and 9 am. The number of bookings of red-e

ye and budget flights is nearly three times higher than other regular flights, the Qunar study said.

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More intl students take postgraduate programs in China

A total of 85,000 international students studied in postgraduate program

s in China in 2018, a year-on-year increase of 12.28 percent, the Ministry of Education said on June 3.

Among 492,200 international students studying in China in 2018, 52.44 percent were studying in

degree programs, up 6.86 percent from 2017, said a press release from the ministry.

The growth of international students in engineering, management, science and agricultural science all reached 20 perce

nt, indicating the increasing attraction of science programs in China, the statement said.

The international students in China came from 196 countries a

nd regions and 52.95 percent of them were from 64 countries along the Belt and Road.

About 63,000 of them were sponsored by Chinese government scholarships, the ministry said.

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hina’s revised civil servant law takes effect

China’s civil servant law, newly revised in December 2018, took effect Saturday.

The revised law clarifies systems of civil servant promotion and asses

sment, and includes statutes to improve rewards and benefits such as pension schemes.

It also tightens supervision over civil servants, keeping its statutes in

line with the supervision law and disciplinary rules of the Communist Party of China.

The revised law bans civil servants from working as leaders of industry regulators or administrati

ve departments in charge of supervising businesses run by their spouses, children or in-laws.

The civil servant law first took effect in 2006.

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