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aspects,” he said, adding that besides a growth rate withi
n a reasonable range, the economy is likely to register accelerated prog
ress toward higher-quality development this year amid a new round of reform and opening-up.
“Structural opportunities (in the capital market) may con
tinuously emerge from the development of the new economy and mass co
nsumption upgrades, fueling the long-term inflow of international capital,” he said.
IMF Managing Director Christine Lagarde sai
in a recent interview with China Central Television that China’s economic d
evelopment now allows for “a focus on quality growth”, rather than necessarily quantity growth.
“And China’s development is clearly at the stage whe
re it can afford and should afford to do that,” Lagarde said.
Over the past year, amid the escalation of US-China trade tensions, credit tighten
ing took place in China, macroeconomic stress was seen in Argentina a
unbai Railway, a scenic line with diesel trains. They were launched to address the limited access to drin
king water in the area, where the underground water is undrinkable due to complex mineral components.
“Water coming out of the wells used to render us with Kaschin-beck disease, and we treated ev
ery drop of (safe) water like it was oil,” said Zhou Aiqin, another resident at Huojugou.
Running the train all year around is no easy task, especially in winter when temperatures easily dro
p below minus 20 degrees Celsius. Some of the fuel is spent heating the water during the journey to prevent freezing.
“Water often drips onto our clothes and instantly freezes. We cannot bend our arms or legs
and have to move like a gorilla,” said Jia Lin, a veteran worker at the line’s Quanyang station.
Train crew and station workers, like residents along the line, have been attached to
the delivery missions, even as demands have greatly shrunk due to improved water infrastructure and relocation o
f villagers. The trains now run three times a month, down from three times a week, to serve only 300 residents.
“But as long as the demand exists, our small train will keep on running,” said Xin Yuehong, head of Quanyang station.
came to Europe again in his first overseas trip this year, manifesting the great importance China attaches to Europe, Wang said.
In a world of unprecedented transformations, Xi noted that a stable, strategic and reciprocal China-EU relationship is urgently needed.
Wang said during his visit, Xi had in-depth communication with the European leaders to discuss cooperation in internation
al issues and reached important consensus of adhering to multilateralism, and discarding isolationism and unilateral moves.
He also said Xi and the European leaders agreed to enhance coordination and cooperation wit
hin the UN system, give full play to the constructive role of global and regional multilateral mechanisms s
uch as the World Trade Organization, the International Monetary Fund, the World Bank, and Group of 20 and the EU, and
actively contribute to solving international conflicts, combating climate change and promoting sustainable development.
In his keynote speech at the global governance forum, Xi raised “four deficits” in global affairs including governance deficit, tru
st deficit, peace deficit and development deficit. To address these deficits, he proposed a four-pronged approach of fairness and reas
onableness, consultation and understanding, joint efforts and mutual assistance and mutual benefit and win-win results.
ledge of jewelry and the history of the brands. She has placed many orders after watching these livestreaming videos.
Zhang is among the growing consumers who are willing to accept new things, learn about
overseas brands, cultures and lifestyle as well as make friends with overseas shoppers who share the same interests.
Online shopping via livestreaming videos is gaining traction among the post-80s and post-90s generatio
n consumers, who have increasing demands for premium brands and high-quality imported products amid consumption upgrade.
Statistics from Chinese cross-border e-commerce platform Ymatou showed that nearly 32 perc
ent of users buy products through livestreaming videos, and the post-80s and post-90s generation consumers, who tend to buy medieval peri
od jewelry, clothing and bags by watching livestreaming videos, have become the main force of overseas online shopping.
In the meantime, the post-2000 generation prefers to buy fashion brands, beauty makeup products, with high repurchasing rates.
China should be good partners with inclusive interests and pursue common development. Xi called on the two count
ries to boost mutual political trust, enhance communication of policies and support each other’s major concerns and core interests.
China appreciates Italy’s contributions to promoting relations between China and Europe, Xi said, adding that China would like to enhance cooperation with Italy under
multilateral frameworks, including the United Nations and the G20, to support multilateralism and free trade.
Saying that the world is facing unprecedented challenges, Xi added that China w
ould like to make joint efforts with the international community to build a more beautiful world.
This year is the 15th anniversary of the China-Italy comprehensive strategic partners
hip, and next year will be the 50th anniversary of the establishment of diplomatic relations between the countries.
China and Italy have respected, trusted and helped each other for nearly half a century, and t
he two countries have strengthened high-level exchanges and boosted strategic mutual trust, Xi said.