The international community has hailed President Xi Jinping’s call on Friday to ease mar ket access for foreign capital and increase imports so that opening-up reaches a higher level. Xi said in his keynote speech at the opening ceremony of the Second Belt and Road Forum for International Cooperation in Beijing that the purpose of bu ilding the Belt and Road is to achieve win-win cooperation and common development. China will increase its imports of goods and services and will further lower its tariff rates, Xi said. Francis Chua, chairman emeritus of the Philippine Chamber of Comm erce and Industry, noted Xi’s emphasis on qualityRead More →

The National Bureau of Statistics reported last week that China’s top-line GDP growth rate in the first quarter was 6.4 percent, at the upper end of the government’s target of 6 to 6.5 percent grow th for 2019. This faster-than-expected growth gives policymakers some breathing room to continue a stable mone tary policy and to implement fiscal policies aimed b oth at transforming the economy and at reducing the risks of accumulated debt. Chinese policymakers are dealing with the hard dilemma of simultaneously transformi ng the long-term nature of the economy while avoiding short-term inflation or recession. To transform the econo my, the nation needsRead More →

a company based in Fujian province, said that as a private fishery company, it is difficult for it to o btain loans for investing overseas, and his knowledge about overseas markets is limited. Sinosure’s insurance services have helped Hongdong obtain financing and accelerated Hongdo ng’s construction of a whole industrial chain fishery plant in Mauritania, where infrastructure was very poor. “Chinese companies do invest in the fishing industry overseas, but ev erybody faces different situations, including differences in policies, regulations and cul tures,” Chen said. “Sinosure has given us a lot of information about investment destinations. Its insurance services have increas ed our credit andRead More →

project, 95 percent of it provided by China through preferential and b uyers’ loans. China Export and Credit Insurance Corporation, a State-funded policy-oriented i nsurance company, provided insurance services for the project, which helped the local government sacure $680 milli on in business loans from Chinese banks, greatly reducing pressure on the project’s financing. Mozambique’s President, Filipe Jacinto Nyusi, had long nursed ambitions of one day seeing a bridge lin king Maputo city center and Katembe, and when it was finally opened in November he said it wou ld greatly facilitate transport and connectivity between Mozambique and other parts of Africa. Wang said the bridgeRead More →

Katembe rose, and industrial parks are being planned in the region,” Wang said. “So the bridge will deliver huge economic benefits.” The project also benefits China. For example, as Mozambique is short of construction materials and equipment, the p roject has driven the export of more than 70,000 metric tons of steel products and equipment worth $68 million from China. Even though CRBC was no stranger to building bridges when it took on the Maputo-Katembe project, particular difficulties were presented by the fact that both countries have different evaluation systems and standards of construction, Wang said. The bridge was designed to Chinese standards but subjectedRead More →

It is believed Wu remained in the country for the past three years. Fuzhou police on March 3, 2016 offered a 50,000 yuan ($7,429.86) reward for information that may lead to the arrest of Wu Xieyu, wi th their statement saying Wu, 22 years old at the time, was a suspect in the murder of his mother, Xie Tianqin. Xie was found dead on Feb 14, 2016 in her apartment in the faculty dormitory of a middle school in Fuzhou. Xie was believed to have been murdered by her son after they had a confrontation July 11, 2015, according to police sources. Wu allegedly sealedRead More →

?the rest of the world that the Belt and Road Initiative is a helping hand try to help Africa get out of the problems of poor infras tructure. For me, I think it is very important. And African countries should clap hands for this assistance. Improving the infrastructure, which is very key in reducing the cost of doing business in Africa and at the same time creating job opportunities, will help Africa in a few years. What really interests me is that President Xi talks about the fact that the initiative boosts the developments of countries along the Belt and Road Initiative. He talks aboutRead More →

oad Economic Belt and the 21st Century Maritime Silk Road and deliver policies, infrastructu re, trade, financial and people-to-people connectivity via a new platform for a brighter future. Tesla Inc lost $700 million in the first quarter but predicted it wou ld return to profit in the third quarter as it cuts costs an d improves delivery after facing issues ramping up shipments outside the United States. Shares of Tesla were about flat after the results, which came more than an hour afte r they were expected and after a sales contraction in the quarter raised investor concerns. The company, which many analysts predict willRead More →

China aims to place a scientific research station near the moon’s south pole in about 10 years, as well as conduct other explor ation missions using astronauts on the lunar surface, a senior space official said on Wednesday. Zhang Kejian, head of the China National Space Administrati on, made the announcement at the opening ceremony of t he 4th China Space Day in Changsha, Hunan province. He did not elaborate on the plans. He noted ongoing plans to launch the Chang’e 5 lunar probe later thi s year to collect samples and return them to Earth an d that Shaoshan, the hometown of Mao Zedong,Read More →

BUDAPEST, April 23 (Xinhua) — The Beijing Film and TV International Show inaugurated in the Hungarian capital will enhance people-to-people bonds between Hungary and China, an Chinese official said here on Tuesday. “Within the framework of the Belt and Road Initiative, more and more Chinese film and TV producti on have become accessible for Hungarians,” said Wang Wei, director of the department of plan ning and development, Beijing Municipal Radio and Television Bureau, at the opening of the show. “This kind of cultural exchange can facilitate people-to-people bonds between Hungary and China and will create a solid base for further cooperation between the two countries,”Read More →