Other commonly used disaggregated growth meas

ures are consistent with the top-line measured GDP growth number. For example, production and

supply of electricity, thermal power, gas and water increased by 7.1 percent in the quarter. Pl

us, value-added index of transport, storage and post increased by 7.3 percent.

A closer look at the highest growth sectors shows that the economy is moving toward the long-term goal of shif

ting away from a development strategy based on heavy investment in industry and

infrastructure to one based on services and domestic consumption. Also, more productive industries that tur

n out higher-value added goods are growing at a much faster rate than traditional heavy industry.

Among large companies, State-owned enterprises grew 4.5 percent yea

r-on-year while shareholding enterprises grew almost twice as fast, at 7.8 percent. So, stro

ng progress is being made toward the goal of promoting private enterprise, which was re

inforced by many policies announced at last month’s meeting of the National People’s Congress.

www.sjhtjn.cn

And, despite ongoing tensions, the total value of impo

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 real estate in a time when property prices are al

ready astonishingly high and China’s living space per person has already surpassed that in Europe.

The bottom line is that fiscal and monetary policies combined with policies to promote structural transformation have

achieved a stable macroeconomic situation and steady movement toward supply side upgrading.

12xe6.cn

Consensus to lead to common prosperityries pose f

President says gathering sets stage for more Belt and Road progress, cooperation

More than $64 billion in deals were signed during the Second Belt a

nd Road Forum for International Cooperation, President Xi Jinping told members of the me

dia from home and abroad in Beijing after the three-day event concluded on Saturday.

In addition, Xi said, during the preparation and holding of the fo

rum, parties reached 283 pragmatic outcomes, including intergovernmental cooperation agre

ements, cooperative projects and the launch of multilateral cooperation platforms.

The outcomes fully demonstrate that joint building of the Belt and Road conforms to the trend of the times, wi

nning the hearts of the people, improving livelihoods and benefiting the whole world, he said.

www.gzbbam.com

They maintained that Belt and Road construction wi

l make positive contributions in implementing the 2030 Agenda for Sustainable Development of the United Nations.

The leaders also pledged to pursue trade and investment liberalization

and facilitation, reject protectionism and unilateralism and uphold the rule-based mul

tilateral system with the World Trade Organization at the center, according to the communique.

Xi told reporters that the consensus reached by the leaders has set the right course for the development of the BRI.

Our shared goal is that we work together to make the interconnectivity among various countries more efficient, foster mo

re robust economic growth, develop even closer international cooperation and enable people to live a better life, he said.

Xi also said BRI cooperation projects will be market-based. To ensure s

ustainable development, the leaders agreed to promote a level playing field for business com

munities and create a nondiscriminatory business environment, he said.

gzbbbbb.com

Pledges at forum draw overseas experts’ praise

The international community has hailed President Xi Jinping’s call on Friday to ease market

access for foreign capital and increase imports so that opening-up reaches a higher level.

Xi said in his keynote speech at the opening ceremony of the S

econd Belt and Road Forum for International Cooperation in Beijing that the purpose of buil

ding the Belt and Road is to achieve win-win cooperation and common development.

China will increase its imports of goods and services and will further lower its tariff rates, Xi said.

Francis Chua, chairman emeritus of the Philippine Chamber of Commer

ce and Industry, noted Xi’s emphasis on quality imports and state-of-the-art products.

“China will keep its commitments,” said Chua, who was attending the forum as a member of the Philippine business delegation.

gzbbwhl.com

One dead, three injured in California synagogue shooting

One person died and three were injured at a synagogue shooting in San

Diego, California, on Saturday, San Diego County authorities confirmed.

A man has been detained for questioning in connection with the shootin

g at the Chabad of Poway synagogue, said San Diego County Sheriff’s Department.

Deputies from the Poway station were called to Chabad Way, where the synagogue is located, just before 11:30 am.

Multiple law enforcement sources told local media that four people were shot.

Poway Mayor Steve Vaus told media that the facility was targeted because it was a place for the Jewish community to gather.

“I understand that this was someone with hate in their heart, hate for the Jewish community,” he said of the shooter.

www.qianpadat.com

Sixteen experiment racks will be installed in the core

 module, and two lab capsules of the space station and an extravehicular experiment platform will be built. Each rack i

s regarded as a lab that can support various space experiments, and astronauts can upgrade and replace the facili

ties. In addition, a capsule holding a large optical telescope will fly in the same orbit as the station, according to a report by Xi

nhua News Agency, quoting the Technology and Engineering Center for Space Utilization of the Chinese Academy of Sciences on Wednesday.

Di Pippo said opening up the space station to the world, especially to developi

ng and emerging countries, is a good example of China’s will to enhance international cooperation in space missions.

ax125.cn

China looks to strike a balance between meeting finan

ancing needs, sustainable development and debt sustainability, according to Finance Minister Liu Kun.

“We will build a high-standard and high-quality financing system to s

upport long-term and sustainable BRI investment while preventing debt risks,” Liu said.

He suggested promoting financing cooperation for projects in

third-party countries, equity investment and attracting more private funding.

Enhancing debt and risk management is a key consideration for deepening BRI financi

ng cooperation, said Yi Gang, governor of the People’s Bank of China, the central bank.

“The debt issue in developing countries should be treated objective

ly. If debt growth is accompanied by infrastructure improvement, enhancement of people’s liveliho

ods and productivity and poverty reduction, it will be beneficial for the sustainability of long-term debt,” Yi said.

www.ex187.cn

Yi pledged to use more market-based commercial fund

 He also said improving transparency for projects’ financing is needed, especially for green

financing, and using local currencies in BRI investments to curb exchange rate risks. “The opening of local curr

ency-denominated bond markets will effectively attract long-term funds and reduce risks of currency mismatches,” he said.

Christine Lagarde, managing director of the International Monetary Fu

nd, said at the forum that China’s increased focus on the long-term success of BRI projects and the

BRI debt sustainability framework “are very welcome steps in the right direction”.

The further opening-up of China’s financial sector, such as the b

ond market, will enable diversification and foster renminbi internationalization, she said.

fywmgz.cn

Xi added that the two countries should jointly prom

mote the building of the Asia-Pacific free trade zone and maintain the multilateral trading system.

He said China and Latin American countries should support each other, make full use

of their complementary advantages and achieve win-win cooperation. The two sides should pursue comm

on development and jointly build a community with a shared future for China and Latin America, Xi added.

The Chilean president said the Belt and Road Initiative, put forward by Xi, has show

n the glorious history of the ancient Silk Road and promoted exchanges between different cultures in the new era.

Chile supports the building of the Belt and Road, and it hopes t

o learn from China’s experience in innovative and green development, he said.

Pinera said Chile, which is dedicated to maintaining multilateralism and the multilateral t

rading system, would like to enhance coordination with China on regional and multilateral affairs.

www.sh419ae.com