Growth resilience may surprise on the upside in more

 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

yuanzjj.cn

The capital will carry out supportive policies on finan

 land and talent recruitment to attract companies and people engaged in high-end industries to settle down in the city, he added.

Furthermore, Beijing will guide districts to cultivate different industries to avoid repetition and overlap.

Beijing’s Haidian district focuses on high-tech development and innovation. It realized a GDP of 648 billi

on yuan ($96 billion) in 2018, eight times the average district’s level in the city. GDP per capita in the

district reached $28,000, or eight times the standard of moderately developed countries.

At present, the tertiary sector has become the biggest contributor to Haidian’s economy, whic

h now makes up around 90 percent of the total and is similar to levels in New York and Tokyo.

Innovative and capital-intensive industries such as information technology, finance and education provide

the bulk of Haidian’s GDP. The district has attracted several well-known domestic and overseas companies inclu

ding 31 unicorn enterprises — startups worth more than $1 billion — and 933 listed enterprises.

ttjjshq.com

The water-delivering trains are a special service on the Hu

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.

gqrcdg.cn

Third, there is a serious focus on education overall. Ove

 the past five years, China has built or expanded 260,000 primary and secondary schools, added 1.7 million teache

rs and increased the student body by 27.3 million. The Ministry of Education committed more resources last y

ear to poverty-stricken areas to ensure every child is able to attend school by 2020.

Beyond easing dire poverty in rural areas, China has an ongoing pa

rallel policy to build a moderately prosperous society by 2020, a crucial aspect of which is set

ting up a basic social security system. This has been done progressively since the 1980s.

China also has had several social insurance programs since the 1990s, covering unemployment, employment injury, mat

ernity, medical care and pension. The country subsequently embarked on a new and successful phase of so

cial security development to provide healthcare benefits to rural and nonworking urban residents.

www.zrwrgz.cn

hina boosts measures to open economyivers the keyn

China will further open up to foreign investors and offer them treatment equal to that of domestic companies with firm prote

ction of their legitimate rights, Premier Li Keqiang said at the Boao Forum for Asia on Thursday.

The country will fully adopt pre-entry national treatment and negative lists for overseas

investment, Li said at the opening ceremony of the forum’s annual conference in Hainan province.

By the end of June, China will release the amended negative lists for foreign investment ac

cess, he said. “The negative lists will only be shortened. … We will ensure fair competition and common deve

lopment for Chinese and foreign companies with fair supervision,” Li told more than 2,000 participants.

A negative list shows areas where investment is prohibited; all other areas are presumed to be open.

The government has started formulating matching regulations and rules to supp

ort implementation of the Foreign Investment Law, adopted two weeks ago, Li s

aid, adding that supporting regulations will take effect along with the law on Jan 1.

7893515.cn

Li, who inspired the boom after winning Asia’s first major

 title at the 2011 French Open, warned that increased funding and exposure for the sport does not guarantee Grand Slam champions will follow.

“After the US Open (in August), players don’t need to travel overseas with tournam

ents held at home one after another,” said Li, who is an ambassador for her hometown Wuhan Open in Hubei province.

“However, for the younger players nowadays they are likely to squander the opportuni

ties that we had to fight hard to earn, because everything comes easier and more frequently.

“They have to focus on the game itself rather than the exposure or expectations off

the court to really improve one event at a time and benefit from the momentum.”

When Li turned pro in 1999 China had only two entry-level tournam

ents. Now the Women’s Tennis Association calendar features nine Chinese tourn

aments, including the premier mandatory China Open in Beijing and year-end WTA Finals in Shenzhen.

aaart.org.cn

Following his visits to Spain and Portugal in late 2018, Xi

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.

www.shlf15.com

Zhang added the overseas buyers have professional know

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.

qianpadcl.com

Xi said he agreed with Mattarella’s proposal that Italy and

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.

sh419de.com

Greater opening-up pledged to bolster education meets

China will expand opening-up in education, enhance mutual learning with different countri

es and jointly push forward the development of education, President Xi Jinping said on Wednesday.

Xi made the remark during a meeting with Ha

rvard University President Lawrence Bacow at the Great Hall of the People in Beijing.

Xi said China advocates mutual learning, encourages its students to

study overseas and supports exchanges and cooperation in education with other countries.

He said he hopes more positive outcomes can be achieved from people-to-people exchanges between China and the United States.

Bilateral exchanges and cooperation in education are impor

tant for China-US relations because they help enhance public support for those relations, he said.

shlfwab.com