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While some netizens praised the story, others felt cheated for the home decoration advertisement afte
r the video. Jiang Luxian, a lawyer from Chengdu, Sichuan province, said the advertisement probably violates relevant provisions of the A
dvertising Law, and the creativity of “sharing father” is also improper for public order and traditions.
Oppein, the creator behind the promotion, however, said on social media that
it hoped everyone would pay attention to the lack of father figures, and return to the family for love.
“Everything can be shared in this era, apart from family love,” the company said.
China’s foreign direct investment climbed 6.4 percent year-on-year to 305.24 billio
n yuan ($44.38 billion) in the first four months, the Ministry of Commerce said Thursday.
Meanwhile, investment from South Korea, the United States and Germany in Chin
a grew 114.1 percent, 24.3 percent and 101.1 percent year-on-year, respectively.
In April alone, FDI amounted to 62.95 billion yuan, up 6.3 percent year-on-year.
rcrowding and rampant construction plaguing cities, and the development of cities will also offer unique ways to bring about rural revitalization,” Chen said.
“As restrictions on hukou will gradually be removed, cities need to be well-prepared to offer
accommodation and employment opportunities, and allow children of migrant workers to have equal access to education,” Chen added.
China has made steady progress in urbanization, as the ranks of permanent urban r
esidents stood at 831 million at the end of 2018, up 17.9 million from the previous year, said the National Bureau of Statistics.
Last month, the National Development and Reform Commission said it
plans to increase the urbanization rate by at least 1 percentage point by the end of this year.
Shen Chi, vice-director of the China Center for Urban Development, said the government’s new
plan will help foster high-quality and sustainable economic development across the nation.
“Relaxing the hukou policy will be a key step in promoting the free flow of labor across
the nation,” Shen said. “A systematic consideration and arrangement of the integratio
entered a new era of moderately slowing expansion and a transition to a high-quality grow
h model. That has pushed economists to reconsider some long-term issues, such as whether the economy wo
uld cool down sharply before a considerable rise in wealth, especially after a period of fast growth.
“The key method to ensure China’s role as a high-income cou
ntry is to adjust industrial structures and promote productivity,” said Zhu Min, an inf
luential Chinese economist and former deputy managing director at the International Monetary Fund.
High-tech manufacturing, the service industry and the digital economy will be the new engines
for the economy, while some traditional driving forces, such as injecting funds into the market, are losing momentum, Zhu said.
China’s total GDP exceeded 90 trillion yuan ($13.4 trillion) in 2018, and the per cap
ita GDP was about $9,700. Economists predict that if the country maintains growth of at least 6 percent th
is year, which is likely given the current momentum, its per capita GDP this year would surpass $10,000.