ting the spirit of December’s Central Economic Work Conference.
Macro policies should be stable, micro policies should be flexible and social policies should guarantee the basic needs of the grassroots
people, the statement said. Macro policies should focus on promoting high-quality growth and stimulating market vitality.
The importance of manufacturing’s high-quality development in stabilizing economic growt
h was stressed. Traditional industries should be guided to upgrade, and new industries should grow stronger.
The development of small and medium-sized companies and private businesses should be supported through measures like s
peeding up the supply-side structural reform of finance and providing better loan services, the stat
ement said. It also reaffirmed that houses should be used for living rather than for profit.
Reform should be further deepened and opening-up boosted, and forei
gn capital should have bigger access to the Chinese market. Poverty reduction is a key meas
ure of building a moderately prosperous society in all respects, which must be achieved by the end of next y
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.
China’s foreign direct investment (FDI) totaled 242.28 billion yuan in the first quarter of t
his year, up 6.5 percent year-on-year, the Ministry of Commerce said Thursday.
FDI in China from non-financial sectors reached $35.8 billio
n in the first three months, up 3.7 percent year-on-year.
Investment from South Korea, the United States and Germany in China m
eanwhile increased 79.6 percent, 71.3 percent and 86.1 percent year-on-year, respectively.
Foreign capital flowing to the country’s high-tech manufacturing s
ector surged 14.8 percent year-on-year to 25.97 billion yuan during the same period.
March’s FDI amounted to 95.17 billion yuan, up eight percent year-on-year.
Kim Jong-un, top leader of the Democratic People’s Republic of Korea (DPRK) supervised the
test-fire of a new tactical guided weapon, state media Korean Central News Agency (KCNA) reported on Thursday.
Kim “supervised and guided a test-fire of a new-type tactical guided weapon cond
ucted by the Academy of Defense Science on Wednesday,” the KCNA reported.
The design indexes of the weapon, with advantages of “the p
eculiar mode of guiding flight and the load of a powerful warhead,” were “perfectly verified at the test-fire con
ducted in various modes of firing at different targets,” the report said, giving no details of the weapon.
“Tactical” implies a short distance weapon instead of a long-range ballistic missile in military battles.
According to the report, Kim described the development as “an event of v
ery weighty significance in increasing the combat power of the People’s Army,” sayi
ng that the scientists and workers have done a great work in increasing the country’s capabilities of
An inferno that destroyed the spire and a large portion of the wooden roof structure of the 12th-century Notre Dame Cathedral in Pa
ris on Monday reinforced a cautionary message to Chinese authorities about the need to better protect vulnerable heritage sites.
The National Cultural Heritage Administration held a staff meeting on Tuesday night at wh
ich officials discussed the Paris fire and six major fires that have taken place at Chinese cultural heritage sites this year.
“The fire at Notre Dame in Paris rang the warning bell for us,” Song Xi
nchao, deputy director of the administration, said in an interview on Tuesday.
“The safety of cultural heritage sites is a red line that can never be crossed. It’s a global issue,” he said.
The six fires were in Sichuan, Fujian, Jiangxi, and Zhejiang provinces, officials said.
On Jan 6, a hall at Yunyan Temple in Jiangyou, Sichuan province, burned down. On
Feb 2, a wooden family temple from the Qing Dynasty (1644-1911) in Nanchang, Jiangxi, was destroyed by fire.
with the island by officially acknowledging that military personnel have been posted in the Taipei office of the American Institute in Taiwan since 2005.
US weapons manufacturer Raytheon was also granted a $9 million contract to upgrade Taiwan’s Patriot missile defense system.
Senior Colonel Liang Fang, a professor at PLA National Defense Universit
y, said the recent drill will test and enhance the PLA’s joint operating capabilities.
“It will increase the PLA’s ability to protect national sovereignty, and warn thos
e who are trying to undermine it to abandon their illusions,” she said. “Similar drills
will be more common in the future, with increasingly sophisticated equipment and training methods.”
Xiu Chunping, a researcher at the Chinese Academy of Social
Sciences’ Institute of Taiwan Studies, said the recent drill serves to warn the US and separati
by the smugglers, Sun said. Busts were made in several locations, which were not disclosed. The case is still under investigation.
Since early this year, 182 smuggling cases involving endangered species have been investigated, the administration said on Monday.
More than 500 tons of endangered animals and animal products were seized, 8.48 t
ons of which was ivory tusks or products made of ivory. In those cases, 171 suspects were detained.
The Chinese government suspended imports of ivory and all ivor
y products in 2015 and ended commercial processing and sale of ivory at the end of 2017.
The ban has had significant positive effects, with fewer people purchasing ivory, according to a report j
ointly released last year by the World Wildlife Fund and TRAFFIC, an NGO that tracks the global trade in wild animals.
“We will strengthen our anti-smuggling efforts, continuing to work with international organizations and depart
ments and allowing no tolerance of those illegal activities,” said Hu Wei, deputy director of the administration.
reports that India decided not to send a delegation to the second Belt and Road Forum for Internati
onal Cooperation later this month in Beijing. The reports said the initiative undermines the South Asia
n nation’s sovereignty via the BRI-related China-Pakistan Economic Corridor.
Lu said that, “If this decision about whether to participate in building the Belt and Road
was possibly made through a misunderstanding”, China firmly and sincerely advances the constr
uction of the Belt and Road on the basis of consultation and contribution for shared benefits.
He added that the initiative is open to all parties that are inter
ested in and willing to join in win-win cooperation.
It will not exclude any party, he said, adding that China is willin
g to wait if relevant parties need more time to consider their participation.
ons in many aspects, and based on those data, China’s year-on-year GDP gr
owth rate in the first quarter may reach 6.3 percent or a bit higher,” said Liu Chun
sheng, an associate professor of economics at the Central University of Finance and Economics in Beijing.
Improved market expectations resulting from progress in the Sino-US trade talks and Beijing’s tax and
fee cut plan, as well as eased liquidity, have helped to offset negative effects of the traditional Spring Fes
tival holiday and downside pressure that continued from the end of last year, Liu said.
China has set this year’s GDP growth rate target at 6 percent to 6.5 perce
nt, after registering full-year growth of 6.6 percent in 2018 and 6.4 percent in the fourth
quarter. The NBS is scheduled to announce the country’s first-quarter economic growth data on Wednesday.
Editor’s note: The “996” schedule (working from 9 am to 9 pm, six