Comments Off on Well-tuned steps urged for poverty eradicatio
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 to a statement released after the meeting.
It is important to tackle the remaining difficulties faced by people still confronting hard
ships in terms of their access to education, medical care, quality housing and safe drinking water after ens
uring that their basic needs for food and clothing have been met, the statement said.
It added that solving prominent environmental pollution probl
ems must be prioritized to ensure periodical targets can be achieved before 2020.
Comments Off on Air tickets, homestays sold out for May Day holiday
A travel rush is expected for the upcoming May Day holiday, a
s air tickets and high-speed railway tickets on multiple routes were sold out, while ho
mestay hotels at destinations including Beijing and Shanghai were fully booked.
While only one week away, the May Day holiday this year is extended to fo
ur days – one day more than last year – and will see a travel craze comparable to that ty
pically seen during China’s Spring Festival, a traditional holiday for family reunion.
According to Qunar, one of China’s largest online travel agencies, quite a few people chose to take a few days off before or af
ter the May 1 to 4 holiday, so that they can enjoy a journey lasting upwards to nine days.
The travel rush is expected to come as early as April 27, and will reach a climax on April 29 and 30.
Comments Off on Xi shared some of his personal life. He said he has a dee
interest in philosophy, history, literature, culture, music and sports, and that he first cul
tivated many of these interests back in middle school and they have stayed with him ever since.
His job is serving the people, and he works hard with a busy schedule, but takes great pleasure in his work, Xi wrote.
The Niles North students also inquired whether Xi likes the US.
Xi answered in the letter that he has visited their country many times and is impressed with the “beautiful landscape, hos
pitable people and diverse culture”, and he made a lot of friends, including some young people.
He said the students are “wonderful” and expressed hope that they will make greater progress in studying Chinese.
Learning Chinese will help them better understand China, a
d get acquainted with more Chinese friends and Chinese-speaking friends across the world, Xi said.
Comments Off on NPC reviews Securities Law amendmentdamental law governin
Country may soon adopt revision to pave way for capital market reform
The top legislature deliberated on the draft revision of the Securities Law over the weeke
nd, signaling China may soon adopt the revision to pave the way for key capital market reforms, experts said.
On Saturday, the draft revision was submitted to a bimonthly s
ession of the Standing Committee of the National People’s Congress for a third reading, Xinh
ua News Agency reported. The session began on Saturday and continues through Tuesday.
Revision of the fundamental law governing the capital market h
as lasted for six years, with 2015 and 2017 having seen readings of two draft versions.
“The latest draft version is of great importance because it will provide legal grounds for the registration-based initial pub
lic offering system－a key reform that China’s capital market has been awaiting for years,” said Dong Dengxin, director of th
e Finance and Securities Institute at Wuhan University of Science and Technology.
Comments Off on ina moor at a port in Zhanjiang during the ASEAN-China Ma
China’s first aircraft carrier, the Liaoning, and latest nuclear submarines, destroyers and fighter jets will join the parade, Qiu said.
“Some vessels will make their debut for the first time,” Qiu added.
Altogether 32 Chinese vessels and 39 warplanes will take part in the event, according to Qiu.
The vessels will sail in six groups, namely, those of submar
ines, destroyers, frigates, landing ships, auxiliary ships, and aircraft carrier.
The planes will fly in 10 echelons, showcasing aircraft for early warning, reconnaissance, anti-submarine patrol, as wel
l as bombers, fighters, carrier-based fighters, and carrier-based helicopters, Qiu said.
More than 60 countries will send delegations to join multinational naval even
ts marking the anniversary, and over 30 countries of them will send major navy leaders to participate, according to Qiu.
Nearly 20 foreign vessels of various capabilities, including destro
yers, frigates and landing ships, will join Chinese vessels in the naval parade, show
ing to the world the “firm determination to safeguard peace and seek development with joint efforts,” Qiu said.
Organizing multinational naval parades is a unique ceremonial activity of navies, according to Qiu.
Comments Off on The first draft also improved rules on developing a m
ulti-layer capital market system, strengthening investor p
rotection, promoting securities industry innovations and enhancing regulation.
New revisions were submitted for a second reading in April 2017 to
improve regulation on such areas as stock trading, acquisitions of listed firms, information disclos
ure and investor protection. The second draft also demanded the State Council to gradually advance the IPO syst
em reform in accordance with authorization granted by the top legislature.
Note: The following article is taken from the Chinese-language “Commentaries on International Affairs”.
On Thursday, the World Trade Organization (WTO) release
d a panel report on the case the United States lodged in December 2016 against China for its
use of tariff-rate quotas for wheat, rice, and corn. The WTO panel ruled that China’s administration of tariff-rate quo
tas violated its commitment to administer them transparently, while rejecting
the appeal by the American side which demanded that China release the information on tariff-rate quotas.
Comments Off on Politburo upbeat on economic datag Motors on the assem
China’s economy grew better than expected in the first quarter and market confidence was raised in
an outstanding way, according to a statement from a meeting presided over by President Xi Jinping on Friday.
During the meeting of the Political Bureau of the Communist Party of China Central
Committee, members analyzed the current economic situation and made plans for economic work.
In the first quarter, government departments pushed forward high-quality growth, deepene
d supply-side structural reform and carried out positive fiscal policy and stable monetary policy, the statement said. Main mac
roeconomic figures were in proper range, and reform and opening-up was pushed forward continuously, it said.
The statement said lots of difficulties and problems remain in economic development, with m
ore tension in the external economic environment and downward pressure on the domestic economy. Government departments shou
ld remain steadfast and be brave in overcoming difficulties in economic development, it said.
Comments Off on Chinese Navy to send huge fleet to take part in sea parade
Chinese Navy will send 32 warships and 39 aircraft to take part in a joint sea parade in waters near Qingdao.
Nearly 20 ships from about 10 countries will participate in the sea parade on Tuesday, deputy commander of the PLA Navy Qiu Yanpeng said.
A Singapore Navy frigate arrived on Friday in Qingdao, Shandong province, becoming the first for
eign warship to arrive ahead of a grand event to honor the 70th birthday of the People’s Liberation Army Navy.
The PLA Navy will hold multinational naval activities in Qingdao and nearby waters from Mo
nday to Thursday to celebrate its founding anniversary. They will include a joint sea parade, high-level sy
mposiums, public tours of ships, military music performances and other cultural exchanges.
A press center opened on Wednesday in Qingdao for the upcoming multi
national naval activity.eputy commander of the PLA Navy, attends a press conference for the u
pcoming multinational naval activity to mark the 70th anniversary of the People’s Liberation Army Navy at t
Comments Off on Walmart banks on tech innovationn escalator in a Walmart
US retail giant Walmart Inc will continue to grow its hypermarkets, Sam’s Club stores, and community-ba
sed smaller-sized supermarkets businesses in China with more advanced technologies, according to a top official.
Doug McMillon, president and CEO of Walmart, told China Daily during his visit to Shanghai on Thursday that China is still one of
the most important markets for the US retailer. Technology will be another major focus area for the com
pany in China as Walmart has always been a “people-led company that relies heavily on technology,” he said.
McMillon said Walmart has developed digital solutions to better u
nderstand customer behavior and spending patterns, which in turn has helped the ret
ailer to create new products and to solve old retail problems with modern technology.
Wern-Yuen Tan, president and CEO of Walmart China, said digital technology has hel
ped Walmart to reach out to more customers and improved the overall decisionmaking process.
Comments Off on growth of PM.5 tiny particulate matter concentration tha
that could at least double the readings,” Zhang said. He added that this could help explain the o
ccurrence of heavy PM2.5 pollution that lasts for an extended period of time in certain regions.
Zhang said the interaction of air pollution and meteorologic
al conditions could be triggered when PM2.5 density reaches 100 micrograms per cubic meter in ma
ny of the monitoring points of a region. In such situations, more solar radiation wil
l be reflected back into the space, resulting in temperature inversion and further stabilizing the ground atm
osphere. And the height of the mixing layer could decrease to only one-third of that w
hen pollution processes begin, exacerbating particulate concentration levels even further.
The center’s research also showed that global warming is increas
ing the number of days with a stable surface atmosphere in n
orthern China, especially in the cluster, making smog more likely to develop.