orts and exports rebounded sharply in March, reaching 9.6 percent higher than March 2018. S o, overall trade grew by 3.7 percent year-on-year in the quarter despite low growth rates in January and Febru ary. Exports of electrical and mechanical products, which are higher value added, grew by 5.4 percent in the qua rter. And, private sector trade grew 9.9 percent, far more than the overall growth rate. I am worried to see that total investment in real estate grew by 11.8 per cent year-on-year. Having lived through the 2008 finan cial crisis in the United States, I’m wary of continued high investment in realRead More →

Peng Yuxing, vice-governor of Southwest China’s Sichuan province, is under disciplinary and supe rvisory investigation for suspected severe violations of disciplines and laws, an official statement said Sunday. The investigation is being conducted by the Communist Party of China Central Co mmission for Discipline Inspection and the National Supervisory Commission. Peng, a Sichuan native, was born in 1962. He graduated from Sichuan University with a master’s degree in 1985 and in July 1992 r eceived his science doctorate from Pierre and Marie Curie University in Paris, specializing in polymers and materials. He pursued a postdoctoral degree at ExxonMobil Chemical France from July 1992 to DecemberRead More →

 multilateral trade agreements, saying that Chinese people value a promise as much as tons of gold. China pays close attention to building a law-based government, abolishing improper r ules, subsidies and activities that undermine fair competition and treating all enterprises equally, Xi said. The president highlighted building infrastructure of high quality, sustain ability, risk resilience, reasonable pricing, inclusiveness and accessibility under the Belt and Road Initiative. Infrastructure is a bottleneck in the development of many nations , Xi said, and building infrastructure can help countries give full play to their ad vantages in resources and better integrate into the global supply, industry and value chains.Read More →

versity of St. Thomas in Houston, Texas, in the United States, said Xi wants to convey a specific message: that China sees the BRI as a method by which it can make a substantial and permanent contribution to lasting peace, common security and global prosperity. “While some Westerners may scoff at the impact they think the BRI m ay have on these issues, Xi genuinely sees the BRI as a global development project and will cont inue to wholeheartedly put China’s money, resources and energies into this project,” he said. Chen Weihua in Brussels, Bo Leung in London, Zhao Huanxin in Washington, Edith Muteth yaRead More →

China’s financial minister and central bank governor vowed to strengthe n debt management and leverage more private funds for infrastructure construction un der the Belt and Road Initiative, suggesting a new framework to assess debt risks for partner countries on Thursday. The Ministry of Finance published a debt-sustainability analysis framework for the BRI’s participating economies at the start of t he Second Belt and Road Forum for International Cooperation, a three-day event in Beijing. Financial institutions of China and other BRI economies are encouraged to use the “nonmandatory” policy t ool for rating debt risk before making lending decisions. The analysis method is based onRead More →

tween law enforcement departments, intelligence agencies and private institutions. In short, it authorizes Australia’s national law enforcement to issu e mandatory “Technical Assistance Notices”, “Technical Capability Notices” and “Computer Access and Assistance Ord ers” to all communication providers. Upon receiving the notification and instruction, the communication provider mu st undertake a number of activities, for example, decrypting specific communications, installing specific softw are on the network, modifying or replacing services, providing assistance in accessing facilities, and providing sour ce code, third-party provider profiles, network device encryption schemes, and more. www.sh419tv.comRead More →

 back to the US government’ s military occupation of the Philippines in the 1890s. Christ opher J. Coyne, a professor at George Mason University in the United States sai d in the book Tyranny Comes Home that under the leadership of Ralph Van Deman, the father of US military int elligence, the American occupier established an advanced monitoring agency at the time to suppress rebels and dissidents. In May 1917, Vanderman took charge of the Military Intelligence Section ( MIS), a similar surveillance facility in the United States, and which would eventually evo lve into the US National Security Agency (NSA). In 1955, the UnitedRead More →

tween China and economies related to the Belt and Road Initiative ex ceeded $130 billion between 2013 and 2018, injecting new growth momentum into BRI-rela ted countries and contributing to recovery of the global economy, senior Chinese officials said on Monday. China’s direct investment in BRI-related countries grew by 5.2 percent a nnually on average to surpass $90 billion between 2013 and 2018, Song Lihong, an officia l in the Ministry of Commerce’s Comprehensive Department, said at a news conference. Song said that in the same period, China had received a total of $40 billion in inbound investment from BRI countries as two-way investment deepened.Read More →

President Xi Jinping underlined on Monday the need to shore up areas of weakness and carry out more targeted pove rty alleviation efforts in building the country into a moderately prosperous society in all respects. Xi, also general secretary of the Communist Party of China Central Committee and chair man of the Central Military Commission, made the remark while presiding over the fourth meeting of t he Central Committee for Financial and Economic Affairs. Xi is head of the committee. The meeting stressed the importance of achieving targets for poverty alleviation across the boar d and focusing efforts on areas of extreme poverty, according toRead More →

A slew of new policies aimed at encouraging consumption in key sectors will be unveiled soon, China Securities Journal reported. China’s retail sales of consumer goods rose 8.3 pe rcent year-on-year to 9.78 trillion yuan ($1.46 trillion) in the January-M arch period, according to the National Bureau of Statistics (NBS). In March alone, retail sales went up 8.7 pe rcent to 3.17 trillion yuan, quickening from the 8.2-percent rise seen in the first two months. In recent years, the government has, on the one hand, frequently intro duced policies to promote opening-up, increase import and improve consumer welfare. On the other hand, it has reducedRead More →