Report: China’s speed of development rarely seen

The speed of China’s development has rarely occurred in economic h istory, with the country’s economic aggregate breaking 90 trillion yuan over the last 70 yea rs for China to become the world’s second-largest economy in 2018, said financial news outlet Yicai on Friday. In 1952 China’s GDP was 67.9 billion yuan, with per-capita GDP … Read moreReport: China’s speed of development rarely seen

Updates for the Android will be unavailable to Huawei sm

smartphones that run on the system, and future versions of the company’s handsets will not be able to use services from Google, including the Google Play Store, Gmail and YouTube apps, which are not covered by the open-source license and require a commercial agreement with Google, Reuters report said. Android’s official account replied on Twitter … Read moreUpdates for the Android will be unavailable to Huawei sm

es it a large exporter of manufactured goods to the US and

Given that the US economy is driven by domestic demand, consumption in particular, instead of exports, a high rate of eco nomic growth will widen the trade deficit, as it would have to import more products than it exports. In such a situa tion, the implementation of large-scale infrastructure construction projects would further increase the … Read morees it a large exporter of manufactured goods to the US and

up more than half of the market size. The online users dou

e online users double from 5.7 million in 2017 to 15.3 million in 2018. Insiders say as Chinese parents increase their spending on education, online education gets more recog nition and China’s internationalization progresses, online course users will keep growing, The Beijing News reports. The report echoes their opinion. Data from the report shows that … Read moreup more than half of the market size. The online users dou

Reflecting China’s increasing global footprint, the next

 decade is likely to be driven by greater global financial sector integration,” said Alfred Schip ke, the International Monetary Fund’s senior resident representative for China. Chinese students are increasingly diversifying their choices of destinations for overseas stud ies, with more students choosing to go to the United Kingdom, Australia and Canada, a new report showed. … Read moreReflecting China’s increasing global footprint, the next

He underscored the importance of information technol

ogy to the country and people, and called for propelling the development of cloud computing, big data, artificial intell igence and the industrial internet in a bid to advance the building of a digital China and a smart society. He also said more work is needed to promote the integration and sharing of infor mation … Read moreHe underscored the importance of information technol

He called on the two countries to deepen all-aroun

 cooperation and build the comprehensive strategic par tnership between China and Portugal to a higher-level, with broader vision and greater vitality. Xi said the two countries should strengthen high-level exchanges and value th eir respective core interests and major concerns based on mutual respect and understanding. Saying China views Portugal as a significant partner in … Read moreHe called on the two countries to deepen all-aroun

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, … Read moreConsensus to lead to common prosperityries pose f

Noting that China has the world’s biggest middle-incom

income population, Xi said that China would open up its market continuously and welcome quality products from around the world. China does not pursue a trade surplus intentionally, and it would like to import more com petitive farm products, finished products and services to promote the balance of trade, Xi said. China will promote greater … Read moreNoting that China has the world’s biggest middle-incom

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 … Read moreYi pledged to use more market-based commercial fund